Gold Forecast for today 08/21/24Today, sharp fluctuations can be seen in gold, since there is FED commentary today, its impact will be seen on all types of commodities, but its major impact will be seen only on gold, we have presented the forecast of gold on technical basis. It is expected that this fluctuation can be seen from 2450 to 2532. You must also give your predictions in the comments.
Goldsell
REACHED ATH !! XAU accumulates waiting for FOMC today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a new record high around $2,531-$2,532 on Tuesday, driven by expectations that the Federal Reserve (Fed) will soon begin easing its policy. Markets are increasingly betting on a 25 basis point rate cut in September, boosting demand for gold. Dovish Fed expectations also pushed down US Treasury yields and weakened the US Dollar (USD), with the USD Index (DXY) dropping to a seven-month low, further supporting gold.
Additionally, a slight pullback in US equity markets contributed to gold's rise. However, optimism about easing tensions in the Middle East limited further gains for XAU/USD. Investors remain cautious, waiting for Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday and the July FOMC meeting minutes for more clues on the Fed's policy direction, which will influence USD demand and gold's next move.
⭐️ Personal comments NOVA:
Gold price reached ATH 2530 according to FIB H4, continue to accumulate and wait for FOMC data today, possibility of sideway, correction decrease
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2485 - $2487 SL $2480
TP1: $2495
TP2: $2503
TP3: $2510
🔥SELL GOLD zone: $2533 - $2535 SL $2540
TP1: $2520
TP2: $2505
TP3: $2480
⭐️ 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
This Rising Wedge can lead the gold price to 2275(08/20/2024)GOLD is moving upward unstoppable. just a glimpse on the chart shows the price is going higher and higher. by looking at the gold chart we can easily identify the Rising wedge pattern.
So are we going to sell gold? no. not right now, we need confirmation. For now, we will stay out and watch.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Monday - slight adjustment down XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) surged to a new record above the $2,500 mark on Friday, supported by several factors. The US Dollar (USD) faced renewed selling pressure, dropping near its lowest level since January, which boosted gold. Additionally, ongoing geopolitical risks from the Middle East conflicts and the prolonged Russia-Ukraine war further lifted the safe-haven metal.
On Monday, easing recession fears in the US supported a risk-on sentiment, putting some pressure on gold during the Asian session. Traders are also cautious, waiting for more clarity on the Federal Reserve's (Fed) policy direction before making significant moves. Attention now turns to the release of the FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium.
⭐️ Personal comments NOVA:
Gold has made new progress in the price increase, over 25xx. The possibility of new ATH price zones appearing is very high, in the context of military tension and upcoming interest rate cuts.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2488 - $2490 SL $2485 scalping ( Asian and European trading sessions )
TP1: $2495
TP2: $2502
TP3: $2510
🔥BUY GOLD zone: $2474 - $2476 SL $2469
TP1: $2485
TP2: $2500
TP3: $2510
🔥SELL GOLD zone: $2530 - $2532 SL $2537
TP1: $2520
TP2: $2510
TP3: $2500
⭐️ 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
Sale of gold at the current priceOn the monthly chart earlier gold overcame a trend line (2143) up. However growth strongly slowed down, indicators showed a turn down long ago. I expect return of the price to a trend line in the nearest future.
Sale = 2394
Purpose = 2171
Information provided is only educational and should not be used to take action in the market.
Xauusd sell Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Xauusd now sell 2470
Support 2450
Support 2443
Resistance 2481
Resistance 2490
From 2475 to 2450, it is just the start!Brothers, gold fell back as expected. At present, gold has fallen below 2450 several times in the short term. The short-term short force is strong. At present, gold still has the potential to continue to fall. I am sure that gold will at least fall back to the 2435-2430 area, or even the 2420-2415 area.
In the past two days, I have been advocating and insisting on shorting gold in the 2470-2475 area, from shorting gold at the beginning, and then continuing to short gold. I am very much looking forward to a new round of gold decline. When most people are aiming at the 2500 position, I said that only by walking ahead of most people can we eat more cakes and make more profits.
So, have you followed my trading signals now?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. !
Start to short goldBrothers, today is Monday, and gold continues to rise to around 2455. In fact, according to the current gold structure, gold is indeed in a bullish structure, but the gold price is still in a slow rise rhythm in the overall rise process, and it is not very firm. So at this time, there is no need for us to continue chasing gold.
To be honest, this round of gold rebound is indeed a little beyond my expectations, but according to the current rhythm, we can basically see its top position area, and it should only rebound to the 2470-2475 area at most, and it may not even reach this area. Therefore, when gold shows a rising and short-squeezing trend, short-term pressure may fall at any time.
So in terms of trading, we don’t need to follow the trend to go long on gold for the time being. On the contrary, we should now focus on shorting gold. Walk ahead of most people and make more 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. !
XAU sideway - accumulation !! under $2400⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) attracted buyers during the Asian session on Thursday, breaking a four-day losing streak. Market sentiment remains fragile due to concerns about an economic slowdown in China and a potential US recession. Additionally, ongoing Middle East conflicts continue to boost demand for the safe-haven metal.
Friday's weak US employment report for July increased expectations of significant interest rate cuts by the Federal Reserve (Fed), along with a decline in US Treasury bond yields, putting pressure on the US Dollar (USD) and supporting Gold prices. Furthermore, the recent rebound from the 50-day Simple Moving Average (SMA) suggests potential for further appreciation.
⭐️Personal comments NOVA:
Gold price is in the sideway price range: 2380 - 2420, buyers and sellers are having high competition in the context of this week not having much important economic data, focus is on concerns that a war in the Middle East may break out.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2365 - $2367 SL $2360
TP1: $2375
TP2: $2382
TP3: $2390
🔥SELL GOLD zone: $2418 - $2420 SL $2426
TP1: $2405
TP2: $2398
TP3: $2390
⭐️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
XAU/USD Short ideas from 2,395 or 2,420 back downThis week, my analysis for gold is to continue following the current trend of shorts. We have observed another break of structure, which has left a promising supply zone on the 10-hour chart. As the market opens, I expect the price to start forming a distribution near the current levels, potentially leading to a bearish reaction from the 3-hour supply zone.
Alternatively, the price might break through the current zone and rise to the 10-hour supply, which is a more favorable zone to initiate sells. Once the sell positions are triggered, I will look for my next buy opportunity around the 2,330 mark, where a clean daily demand zone is located.
Confluences for GOLD Sells:
The price broke structure to the downside, indicating a short-term bearish trend.
The price has taken out the all-time highs (ATHs) and enough liquidity, which might lead to a downward cascade.
There are new supply zones on the 3-hour and 10-hour charts, which are good points of interest (POIs) for selling.
There is significant liquidity to the downside that needs to be taken, such as the Asia lows.
P.S. Last week, we saw the price react from the 23-hour zone we had marked, indicating a pullback that supports continued selling.
Have a great trading week, and don't forget the Non-Farm Payroll (NFP) report coming this Friday!
Gold Friday Trading Strategies and Signals
#xauusd
Today is Friday, July 26, 2024.
Today is the last trading day of the week. And there are many important data to be released today. So the volatility of gold today is very large. All the signals I sent out this week have been profitable. So today we need to be cautious or make a small profit to have a perfect week.
With gold falling 2351 yesterday and then rebounding. Plus today's news data is about to be released. The trend of gold is more complicated
I still give several trading prices:
The price range for buying gold:
buy: 2349-2353.5 (buy a small amount. Profitable. Because the volatility will change over time)
buy: 2329-2334 (gold falls sharply, then this signal may be triggered)
The price range for selling gold:
sell: 2389-2395 (if the first wave of gold stretches upward, then this price may be triggered. You can sell gold, sl set 2401)
sell: 2409-2413 (if gold accelerates, then trade according to this signal.)
Please set sl. And trade according to the signal. If you make a profit or like my signal. Please join me and give me a thumbs up. Thank you everyone. I wish you all a smooth trading.
Chaos and Confusion within Gold Today!I think it makes more sense to walk away from gold at this time as it isn't very clear about what it is attempting to do.
Have you ever felt like the market doesn't know what it wants to do? Well if that is the case and the market doesn't know, how the F could you know?
Come on, not everyday requires you to place a trade.
This is a test most traders will surely fail, because they are addicted to the industry, you have to gain some kind of control over yourself and force yourself to walk away.
BREAK 2400 !! GDP factor causes Gold to DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) prolongs Wednesday's steep decline from the week's high, sustaining intense selling pressure for a second consecutive day on Thursday. This is the fifth negative move in the past six days, pushing the commodity to a two-week low, around the $2,370-2,369 region during the Asian session. Without a new trigger, the drop can be linked to technical selling after breaching the $2,385 support level. This decline may be mitigated by expectations of a dovish Federal Reserve (Fed) stance.
⭐️ Personal comments NOVA:
Gold price dropped sharply in the long-term H4 frame - bears prevail, waiting for the nearest support zone $2350
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2350 - $2352 SL $2345
TP1: $2360
TP2: $2370
TP3: $2380
🔥SELL GOLD zone: $2410 - $2412 SL $2417
TP1: $2395
TP2: $2380
TP3: $2370
⭐️ 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
+$374.00 on Gold Call Today
What is up traders, Brandon here - Absolutely lovely call on Gold this morning.
Below are the links to all the minds that I would have posted before and after the trade itself was taken>
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
I like showing all the receipts because this gives clarity, you get a good idea of before and after. I hope you understood where I was coming from with this one.
Have a great rest of your day - see you guys soon =)
Gold Absolutely Destroys Sellers, Simultaneously fools BuyersWhat's up guys, I hope this message finds you well.
It appears that gold did actually play out almost exactly like I wanted it to and surprisingly I was right.
Here is the link to the original analysis - www.tradingview.com
The good thing about this is that due to it being a news event I wouldn't have been able to engage anyway until maybe after the event but had I engaged I would have absolutely been right.
Also You'd realize that I don't just call out buy here or sell there without an explanation.
I do this for 2 reasons.
1. I believe in order for you to get better you need to be able to explain what it is you think you understand to others in a way that helps them understand
And
2. If as a trader you don't like over-explaining\analyzing things.. I got some bad news for you buddy, this may not be the correct industry for you.
You have to be able to explain why you are taking specific trades even if it just to explain it to yourself. If you cannot do that then taking the trade is likely ill-advised.
Hope you enjoy this one, have a good rest of your day, see you guys soon!
GOLD and impact of cpi newsXAUUSD has hit all our bullish targets.
In our last analysis we have explained that if 2370 is not hit then the xauusd will fly to 2385 2393 2404 2421.
bullish targets hit
2385✅✅✅
2393✅✅✅
2404✅✅✅
2421✅✅✅
why xauusd fly high with cpi news?
For the last three months the cpi is less than the expected value and fall in consumer price is an indication of finance department for cutting interest rates for stimulating borrowing investing and to boost purchase to strengthen economy.
so now speculations for interest rate cut has increased and due to that reason as a safe haven gold price gone up
for more detailed analysis and views follow us boost us
The bears resisted fiercely! XAU adjustment⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) are rising due to a weaker US Dollar amidst speculation that the US Federal Reserve may cut interest rates in September following weak employment data. Political uncertainties in France and Middle Eastern tensions could further drive up Gold, a traditional safe-haven asset.
⭐️ Personal comments NOVA:
Gold's Monday price correction shows resistance from sellers and bears ahead of today's FED meeting. Gold price is still in a long-term price increase range
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2341 - $2343 SL $2336
TP1: $2350
TP2: $2365
TP3: $2380
🔥SELL GOLD zone: $2370 - $2372 SL $2377
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ 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
I think it might be safe to sell soon (temporarily, at least)
If we look to the left, gold would have completely reversed the move it created last week Friday for NFP. Thus gold has now gone somewhat bearish which means sellers are interested.
If you look at the area circled (in purple) there would have been sellers interested at that level.
Gold literally just took out that area.
Any sellers who had sold around the circled area would have likely had stops above that level and now would be no more.
HOWEVER,
The reason I said it may be safe to sell (SOON) is because of this, the fact that price is coming back up again, if it were safe to sell, it wouldn't be coming back up to give traders a better opportunity to sell.
Due to this I'd be extra careful of selling OR buying at this time.
Gold Shorts from 2,410 back downScenario A:
Gold is looking promising for upcoming sells within the 2-day supply zone. As price has been bullish, I expect it to slow down and weaken when approaching this supply. Once price mitigates, I anticipate a Wyckoff distribution to form, providing a precise entry for a valid sell.
Scenario B:
If price retraces before reaching the supply and enters a demand zone, I will look to buy back up towards the supply, following the current bullish trend. Key zones include the 16-hour demand zone or the daily demand zone, where I will be looking to enter buys.
Confluences for Gold Shorts:
- Price has been bullish and requires a retracement.
- Entering a 2-day supply zone that has caused a CHOCH to the downside.
- Lots of liquidity to the downside that needs to be taken.
- If price wants to continue going up, it must retest a demand zone I have marked.
P.S. Scenario C:
If price breaks past the 2-day supply and continues rallying, it will likely carry on its long-term bullish trend, potentially breaking new all-time highs.