9.3 Gold short-term operation strategyAt the beginning of the Asian session on Tuesday (September 3), spot gold 4 hovered below the 2500 mark and is currently trading around 2495 US dollars per ounce. Due to the strengthening of the US dollar, the price of gold fell to the lowest point in more than a week near 2489 on Monday, but then rebounded to around 2507 yuan and closed at 2499, with a small negative column with upper and lower leads on the daily line.
During the US holiday, the overall volatility of gold was small yesterday, and the intraday short-term was still dominated by fluctuations. Although the gold price fell below the 2493 support during the day, it quickly recovered, but the rebound strength was still weak, especially the hourly line. After a small rebound in the white plate, it fell all the way, with basically no rebound strength. In the morning, it came to 2495 again. This trend, from the perspective of the day, will definitely continue to decline, and 2480 is expected to be reached.
Gold is now in a multiple top structure above, and the trend of the hourly line is obviously falling. The gold short has not ended yet. The rebound of gold is an opportunity for the short. Gold is now building a top structure. Once formed, the decline of gold has just begun. Today, we are still shorting near the rebound of 2505, which is the starting point of the hourly line decline.
Detailed intraday operation strategy:
Short gold at 2505, defense 2512, target 2490-2480
Goldsell
9.3 Gold short-term operation strategyGold fluctuates to welcome non-farm payrolls
Gold fell in the Asian session on Monday, rebounded in the European session in the afternoon, rebounded slightly in the US session in the evening, closed early in the morning, and finally made profits twice. The daily line closed with a small cross Yin pattern. The daily line has been mainly oscillating in recent times
Gold bottomed out and rebounded in the Asian session on Tuesday. The 4H closed with a small Yin at 10 o'clock. From the current pattern, gold still has the momentum to fall. In terms of operation, pay attention to the 2480-2482 range. Go long for the first time it touches and look for a rebound. Other positions are arranged on the spot.
Today's PMI data will also be focused on
On September 3, the upward point is 2480-2482, long, protect 2474, and target 2490, 2498
Downward point is 2510-2512, short, protect 2515, target 2500 2495
Boldly short goldDue to the cooling of the Fed's interest rate cut expectations, the strengthening of the US dollar index and the profit-taking of some chips, gold barely held the 2500 mark. During the day, gold fell back to around 2490. As gold fell, the upper resistance fell accordingly, and the current short-term resistance has dropped to around 2510.
If gold cannot recover above 2510 today, then gold will continue to fall. Since gold is already trying to test the 2490-2495 area. According to the current weakness of gold, the support in this area may be broken at any time. Therefore, it is entirely possible for gold to continue to fall and test the 2485-2480 area, and it may even continue to fall to around 2470, pointing directly to our staged target area.
So in today's trading, we are still mainly shorting. As long as gold cannot recover above 2510, we can boldly short gold in short-term trading! Now I continue to hold my short position and look forward to further expansion of profits!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
September , XAU/USD price correction , ZONE 2500⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) continued to drop on Monday, falling below the $2,500 mark as a stronger US Dollar, following July's Personal Consumption Expenditures (PCE) Index, pressured the metal. Additionally, concerns over China's sluggish economy, the world’s largest gold buyer, added to the decline.
However, expectations of an interest rate cut by the US Federal Reserve (Fed) in September could help limit Gold’s losses, as lower rates reduce the opportunity cost of holding non-yielding assets like gold. Looking ahead, key US economic data are due this week, including the ISM Manufacturing PMI on Tuesday, the Services PMI on Thursday, and employment data on Friday, which includes Nonfarm Payrolls (NFP), the Unemployment Rate, and Average Hourly Earnings for August.
⭐️ Personal comments NOVA:
Gold price has a slight decrease adjustment in early September 2024, but is still within the sideway price range of 2480 - 2530, accumulating for the Uptrend.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2483 - $2485 SL $2478
TP1: $2492
TP2: $2500
TP3: $2510
🔥SELL GOLD zone: $2509 - $2511 SL $2516
TP1: $2500
TP2: $2490
TP3: $2482
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
9.2 Gold short-term operation strategyGold fluctuates, short-term bullish ideas remain unchanged
Today is currently successful. Due to the Labor Day in the United States, the market fluctuates in the range of 2490-2508. Go long in the morning and leave with a profit of 4 points. In terms of trend, the overall trend is still short-term bullish. After falling back, it stands on 2500 again. Bulls are dominant. Short-term bullish operations are still in place. Go long around 2496, stop loss at 2488, and stop profit at 2508-2516. Pay attention to risks.
Trading ideas: Go long around 2496, stop loss at 2488, and profit at 2508/2516
The above suggestions are for reference only and are not used as a basis for trading
XAU/USD "GOLD MINES" Bearish Robbery Plan to steal GoldHola ola My Dear,
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This is our master plan to Heist XAU/USD "GOLD MINES" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
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Stop Loss : Recent Swing High using 1h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
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gold outlook🟠 Gold Spot (XAU/USD) Analysis: Key Levels & Potential Movements
The 4-hour chart for Gold Spot (XAU/USD) provides a comprehensive look at the market's behavior over the past few weeks.
- 4H Upward Trendline: This trendline has been respected multiple times, with at least four price touches, indicating its significance in the market. However, keep in mind that even strong trendlines can break.
- Sideways Market (20th Aug - 30th Aug): After a strong upward move, the market entered a consolidation phase, trading sideways within a defined range. This often indicates indecision, as buyers and sellers struggle for control.
- Break of the Sideways Market (30th Aug): On the 30th of August, we saw a significant break below the sideways range, suggesting that the bears might be gaining control.
Potential Movements:
- Upward: If the market manages to recover above the broken trendline and retests the upper levels, this could signal a continuation of the previous upward trend.
- Downward: Conversely, a failure to reclaim the trendline, coupled with continued selling pressure, might confirm a bearish movement, with the possibility of further decline.
Remember, anything can happen in the market. It's crucial to wait for clear confirmations before entering a trade. Stay alert and be ready to adapt to the next move!
Gold will move up after reaching 2458 - 2433 zone on Daily FrameMy expectations for gold movements during the coming week
After the daily candle failed on Friday and the rest of the week to close above 2531, the candles will head to cheap areas on the daily candle to obtain liquidity, and indeed the market movement on Friday was a rebound of gold to the 2494 areas, where it corrected after that to restore FVG consideration near the price of 2505
With the beginning of next week, the price will retest the 2507-2513 areas before falling again towards the areas drawn in the figure, which are important liquidity areas on the daily and weekly candles, and the first area is 2458 and contains an order block on the 4-hour frame, and the price was able to fill the previous FVG, and here also there is an order block on the daily frame, meaning that we are in a Unicorn, and therefore the price can often rebound from this area, but if the price fails to rise and close above 2500, then we may see a retest of a cheap area on the weekly frame, which is an area that extends to prices of 2430, which is an order Block on the 4-hour frame intersecting with FVG and it is very possible to take liquidity from under the news candle at 2434 and make Turtle soup and then rebound..
Bounce to where.. To the Rejection Block area that is clear in the drawing there where there is very high liquidity above 2527 and of course with a Fibonacci extension above the swing 127 - 138 - 168%.. As an expansion we expect the price to reach prices of 2560 - 2600
Any talk at the present time about a very large drop in gold is illogical at least before the Federal Reserve meeting and the approval of cutting interest or not
This is my vision of the expected price movement next week..
If there are additional or different visions.. According to ICT or any other schools, we may share here on the post for the benefit of everyone..
The information in the post is not investment advice.. It may be right or wrong
XAU cannot break ATH - correction down to 2500 areaXAU / USD trend forecast August 30, 2024
Russia launched multiple air strikes on Ukraine this week, costing Moscow around £1.1 billion. At the same time, Ukraine has cautioned that it is closely monitoring its border with Belarus following a recent buildup of troops there, according to Sky News.
The US Gross Domestic Product (GDP) expanded at an annual rate of 3.0% in the second quarter (Q2), as reported by the Department of Commerce in its second estimate released on Thursday. This figure exceeded both the forecasts and the initial estimate of 2.8%.
Additionally, US weekly Initial Jobless Claims for the week ending August 24 fell to 231,000 from 233,000 in the prior week, coming in below the market expectation of 232,000.
September is an opportunity for the financial market: BTC, XAU increases strongly, Gold price needs to accumulate more, the target is to adjust down to the 2500 area.
/// SELL XAU : zone 2527-2530
SL: 2535
TP: 50 - 150 - 300 pips (2500)
Safe and profitable trading
GOLD TO REVERT TO ITS MEAN AFTER STRUGGLING TO MAKE NEW HIGHS!XAUUSD is struggling to make new swing high, but making new lows. A possible pullback above 2510 with rejection likely to cause price dip below 2480.
N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
After the gold rebound, continue to short gold!Brothers, today we use the 2525-2530 area as resistance and continue to short gold near 2520. Obviously, with the help of the initial jobless claims data, our profits have grown rapidly! Because gold has certain buying support in the 2505-2500 area, we choose to manually close the position near 2507 to lock in profits in time. Congratulations to all the brothers who followed my trading signals and ended their short positions with profits again!
At present, gold has received support from the 2505-2500 area as expected, and has rebounded in the short term. It has now rebounded to around 2513. So how do we find opportunities next? In fact, from the candlestick chart, although gold continues the triangle consolidation trend, it has been under pressure in the 2525-2530 area many times, which has consumed the bullish momentum to a certain extent; and as gold falls back, the upper resistance area is gradually moving down, which is also conducive to the decline of gold; and the strong counterattack of the US dollar has also brought certain pressure to gold. In addition, if gold fails to break upward, there may be a certain amount of profit chips cashed out. Once a large number of chips are cashed out, it may even cause a certain amount of selling.
So in terms of trading, if gold continues to rebound, then I will also consider continuing to short gold after the rebound. First, observe the performance of gold in the 2516-2520 area.
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Xauusd chart Gold trades about half a percent higher in the $2,510s on Thursday, gaining a lift from data showing demand from China increased in July – its first month of gains since March 2024.
The short-term technical outlook for Gold price remains more or less the same, with a fresh push higher in the offing while above the triangle resistance-turned-support at $2,469.
Gold now sell 2523
Support 2515
Support 2501
Resistance 2535
Go long gold first, then go short goldFirst of all, let me reiterate that our interim target is in the 2460-2450 area, so we have been shorting gold around 2525 recently and have made good profits in short-term trading. At present, gold is mainly running around 2500, but it has never effectively fallen below the 2500-2490 support area. So overall, gold still maintains high-level fluctuations.
On the other hand, the buying support below gold is strong, and new funds may buy after the decline of gold, limiting the decline of gold. So even if I am optimistic about the decline of gold and set the interim target as the 2460-2450 area. But gold will not fall to the right place all at once, so I will not advocate shorting gold directly around 2500.
On the contrary, for short-term trading, we can appropriately go long on gold around the 2500-2490 support area, and after gold rebounds, we will re-enter the gold short trade!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
GOLD - near to his most expensive region? What's next??#GOLD... Well guys market placed 2531 around as his ATH.
And according to technical point of view from 2531 to 2535 is market strong resistance zone.
So holding of that means ATH is placed for now so far and drop expected from here.
Only only selling will be invalidate above that region otherwise not.
Stay sharp
Good luck
Trade wisely
PMI - revised, cumulative below 2500 ! XAU / USD ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) held firm above the $2,500 mark during the Asian session on Thursday, staying near the record high reached earlier this week. On Wednesday, data revealed that US job growth over the past year was weaker than initially estimated, and the July FOMC meeting minutes showed that several officials supported an immediate rate cut. This strengthened expectations for the Fed to start easing its policy in September, which pushed the US Dollar (USD) to a new low for the year and provided a boost to gold.
Investors are now seeking more clarity on whether the weaker US labor market might justify a larger rate cut next month. This makes Fed Chair Jerome Powell's upcoming speech at the Jackson Hole Symposium crucial for influencing the USD and gold's direction. Meanwhile, the risk-on sentiment is capping further gains for gold, though ongoing tensions between Israel and Hamas could limit any downside. Traders are also keeping an eye on global PMIs and US macro data for short-term opportunities.
⭐️ Personal comments NOVA:
almost 100% sure, in September 2024 the FED will cut interest rates, the sentiment is very optimistic about the market. Before the price continues to create ATH, it is necessary to get more liquidity in the area below 2450 - 2500
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2477 - $2475 SL $2470
TP1: $2485
TP2: $2500
TP3: $2510
🔥SELL GOLD zone: $2510 - $2512 SL $2516 scalping
TP1: $2505
TP2: $2500
TP3: $2490
🔥SELL GOLD zone: $2550 - $2552 SL $2557
TP1: $2540
TP2: $2530
TP3: $2520
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Short gold! Pointing to 2455-2450 areaBrothers, after gold broke through the 2500 mark, the rise and fall of gold have converged, and the continuity of long and short positions is not strong. But relatively speaking, there is still strong buying support below gold, so even if gold fell below 2480 yesterday, it can still recover and is currently running near 2500.
Gold generally maintained a narrow range today, and the market was looking forward to Powell's speech later. In fact, returning to the technical level, since gold hit the high point near 2532, the high point of gold has gradually decreased during the rebound process, and there are signs of building a downward channel. Moreover, since gold fell below 2510, the bullish momentum of gold has shown signs of decline; and yesterday's gold fell to around 2470, which is also a test of the short energy.
Therefore, for short-term gold trading, I think it is still possible to find a suitable opportunity to short gold, and the short-term resistance is around 2410. If gold falls below 2480 again, then gold may continue to fall and seek support in the 2455-2450 area.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: Rebound to 2500 met resistance, will it continue to fallYesterday, the price of gold fell rapidly after breaking the 2500-point integer mark, falling as low as 2470, with a range of 30$. This coincides with my previous point of view. Yesterday, we bought near 2500, stopped loss in time after breaking, and turned to chasing the decline, making up for the loss caused by the buy order and earning 4K.
Now the gold price is near the 2500 mark again. I think this is still a swing level. If it cannot break through, the price will fall again. If it can break through the resistance range of 2500-2508, then the price is likely to try to reach historical highs again.
Relatively speaking, I am more inclined to fall when encountering resistance, but the specific situation still needs to be judged based on the actual situation. If there are any changes, I will inform you as soon as possible.
XAU officially adjusted! Short term decrease⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) found support during the Asian session on Friday, rebounding from the weekly low hit the day before. The expectation that the Federal Reserve (Fed) will begin cutting interest rates in September is weighing on the US Dollar (USD), despite its recent recovery from a yearly low. This, along with ongoing geopolitical tensions, continues to boost demand for the safe-haven metal.
However, gold remains below the $2,500 mark as traders await Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for more clarity on the rate-cut outlook, which could drive the next move. Additionally, developments in Israel-Hamas ceasefire talks will likely influence the short-term direction of XAU/USD, which is on track for modest weekly losses.
⭐️ Personal comments NOVA:
Gold makes ATH 2531 correction is required to bring more liquidity, balance buyers and sellers in the market, before receiving the first interest rate cut in September 2024
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2462 - $2460 SL $2457 scalping
TP1: $2468
TP2: $2473
TP3: $2480
🔥BUY GOLD zone: $2439 - $2441 SL $2434
TP1: $2450
TP2: $2465
TP3: $2480
🔥SELL GOLD zone: $2500 - $2498 SL $2505
TP1: $2490
TP2: $2480
TP3: $2470
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest