GOLD 4H OUTLOOK
GOLD
reminding you that, consolidation under 1823 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1812 , 1801 , and 1793
As for renewing bullish attempts, consolidation above 1823 will support the price to rise up again and recover its positive momentum to retest again to 1838 , 1850 , and 1860
Support line: 1812, 1801 , 1793
Resistance line: 1838, 1850, 1860
Goldtrade
GOLD ( XAUUSD ) Long Term Buying Trading Idea
Hello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
🥇Gold🥇will go UP by Inverse Head and Shoulders Pattern🚀15Min✅Gold was able to make an Inverse Head and Shoulders Pattern near the 🟢 Support zone 🟢.
🔔I expect that Gold can break 🔴 Resistance zones 🔴 one by one in the next hours.
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
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GOLD 4H (Pivot Price: 1825)GOLD
The gold price has shown secondary and narrow trading since the morning, settling around the 1825 level, and therefore, no change in the expected bearish trend scenario for today,
Stabilized above 1825 would help the price reach 1832, 1846 , and 1861
For whatever reason if the price drops and stabilizes below 1825 it will be under selling pressure again to reach 1815, 1805 and 1792
Pivot Price: 1825
Resistance Price: 1834 & 1846 & 1861
Support price: 1815 & 1805 & 1792
timeframe: 4H
Predict the direction of gold movementWorld gold spot price stands around 1,838.2 USD/ounce, up 13.8 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,821.3 USD/ounce
The world spot price of gold stands around 1,824 USD/ounce. Gold delivered in December on the Comex New York floor was at 1,840 USD/ounce.
Gold fell mainly because the USD soared to a 10-month peak. The DXY index at the beginning of the trading session on October 3 (US time) continued to stand at a very high level of 107.15 points. In the previous session, this index had a breakthrough from above 105 to above 106 points. This is a very high price compared to the 100 point threshold in mid-July.
Gold was also pulled down because a commodity closely related to gold, oil, cooled slightly.
Meanwhile, US bond yields reached a 16-year high, at nearly 4.7%/year.
TVC:GOLD BUY 1819- 1817🔼🔼
✔️TP1: 1823
✔️TP2: 1827
❌SL: 1814
Gold- New low and reversal after?As I said yesterday, Gold is approaching a very strong support level, and considering the 1k pips drop in only a few days, a correction is probable.
Yesterday's price action was very volatile, also suggesting the bottom is near.
Although XauUsd could correct up without making a new low, considering the trend is strongly down, from money management and R:R perspective, only a buy in 1805-1810 would make sense.
That being said, I'm looking to buy dips for a new test of yesterday's high.
Gold Potential Move over Buy sideIt seems like that the bears have made their move and completed their sell side moves and all the exausted Bears 🐻 will make gold 🪙 to reach a level of 1810 to 1800 and then a potential 700++ pips move will be going to start in gold after gold reaches and rejects 1800 level we will be Buying this pair in my point of view gold has not started any buys from this level its consolidation phase and a move to bearish side can be seen today
GOLD:Downtrend
The decline in gold last week caused me to lose a lot, so last week I chose to rest on Thursday and observe for a day.
Now gold is still in a downward trend, so as long as it rises today, it is an opportunity to sell, and today it recovered part of last week's losses.
The last biggest decline, from 2080 to 1893, fell by about 187 points. If it is the same this time, then the bottom this time may be from 1987 to 1800, around 1800-1820, but these are all predictions. If we reach the vicinity of 1810 for the first time, we definitely need to buy to win the rebound.
Now gold is near 1832, and there is very little space from 1820, so you can now wait for the rebound to sell again, or wait for it to fall to 1820, divide the position and gradually buy, control the position, so that the chance of profit will be higher.
Last week let me learn that survival is more important than making money. I hope everyone can make money.
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GOLD 1day overview Gold fell below $1,830 an ounce on Tuesday, sinking to its weakest levels in seven months due to constant pressure from a strong dollar and surging Treasury yields. The dollar scaled fresh ten-month highs against a basket of peers and the 10-year US yield rallied to its highest levels since 2007 as strong US economic data bolstered the view that the Federal Reserve will keep interest rates higher for longer. The ISM Manufacturing PMI for the US released Monday indicated the smallest contraction in factory activity in nearly a year for September. Additionally, news that US lawmakers arrived at a temporary agreement over the weekend that would keep the government funded for 45 more days pressured the metal further. Investors now look ahead to comments from various Fed officials this week for additional insights into the central bank’s policy plans, as well as the key US monthly jobs report on Friday.
Gold is mostly traded on the OTC London market, the US futures market (COMEX), and the Shanghai Gold Exchange (SGE). The standard future contract is 100 troy ounces. Gold is an attractive investment during periods of political and economic uncertainty. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. The biggest producers of gold are China, Australia, the United States, South Africa, Russia, Peru, and Indonesia. The biggest consumers of gold jewelry are India, China, the United States, Turkey, Saudi Arabia, Russia, and the UAE. The gold prices displayed in Trading Economics are based on over-the-counter (OTC) and contract-for-difference (CFD) financial instruments. Our gold prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
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hold your support 1815 sofar, next ??#GOLD... market placed 1815 his supporting area that was mentioned in our last couple ideas and bounced back,
now it will dead cat bounce or trend change ??
it will decide 1841 42
if market placed 1841 42 and drop then it will retest his today, otherwise next buying ride will start above 1841
trade wisley
good luck
GOLD 4H OUTLOOK GOLD
reminding you that, consolidation under 1823 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1812 , 1801 , and 1793
As for renewing bullish attempts, consolidation above 1823 will support the price to rise up again and recover its positive momentum to retest again to 1838 , 1850 , and 1860
Support line: 1812, 1801 , 1793
Resistance line: 1838, 1850, 1860
The expected trading range for today is between support 1801 and Resistance 1850
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold tends to increaseWorld gold spot price stands around 1,822.5 USD/ounce, down 7.5 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,838.9 USD/ounce
On the world market, spot gold price on Kitco on October 2 traded at 1,830 USD/ounce.
Everett Millman, market analyst at Gainesville Coins, said that according to the annual cycle, early October is the time when gold prices start to get hotter. The gold market will soon turn upward in price due to increased buying demand from China and India. The Diwali festival begins in November but many Indians will start accumulating gold from October.
TVC:GOLD BUY 1815 - 1817 🔽🔽
✔️TP1: 1822
✔️TP2: 1826
❌SL: 1810
Smoothly drop below your area , next?#GOLD... market smoothly droped below your area that was 1841 arround as you can see in my last idea.
Now market 2nd support is 1823 that is also very important in current overall move..
If market clear that area then it will leads you towards 1810 as first target..
Trade wisely
Good luck
GOLD Price Continues Losing Streak as US Dollar Seeks Demand ...Gold Price Continues Losing Streak as US Dollar Seeks Demand Amid Cautious Mood
Gold prices are experiencing their sixth consecutive day of losses on Monday, with the US Dollar seeking fresh demand in a cautious market environment. Despite the United States successfully averting a government shutdown, investor sentiment remains cautious.
The US Congress voted late on Saturday to pass a stopgap funding bill, gaining overwhelming Democratic support, thus preventing the federal government from experiencing its fourth partial shutdown in the past decade.
Over the weekend, China's business PMIs delivered mixed results, which had a dampening effect on investor sentiment, particularly in light of the Chinese Golden Week holiday leading to lighter trading activity. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) for September fell to 50.6 from the previous month's reading of 51.0, missing expectations of 51.2. The services index also declined to 50.2 in September compared to 51.8 in August, marking its lowest level since December.
However, official data released by China's National Bureau of Statistics (NBS) showed that the Manufacturing PMI and the Non-Manufacturing PMI exceeded expectations, coming in at 50.2 and 51.7, respectively, for September.
The persistently hawkish rhetoric from the US Federal Reserve (Fed) and the resilience of the US economy are contributing to a bullish sentiment around the US Dollar and US Treasury bond yields. Consequently, this environment has left non-yielding assets like gold struggling, with prices hitting seven-month lows.
The focus now shifts to critical job data from the United States. On Tuesday, the JOLTs Job Openings data will provide fresh insights into the country's labor market, particularly as inflation shows signs of cooling down. In August, the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, softened to 0.1% MoM and 3.9% YoY.
Additionally, market participants will closely monitor the US ISM Manufacturing PMI and a speech by Fed Chair Jerome Powell later in the day. These events could provide valuable hints regarding the state of the economy and the outlook for interest rates, potentially impacting the valuations of the US Dollar and the price of gold.
Our previous forecast during the recent trading week.
TODAY:
Our preference
Short positions below 1852.00 with targets at 1830.00
GOLD : New week GOLD
New forecast
Gold achieved with us all the downward targets mentioned in my analyzes last week, and I mentioned that the movement would be strong to contradict the general downward channel, and this is what actually happened, so prices fell to the price equilibrium levels for gold, which extend from levels to 1845.
Last week, gold formed a weekly peak at the 1927 level, and gold breaking the 1916 level facilitated the downward path for gold to form a weekly bottom at the 1846 level.
As for the basic level:
1- The US dollar after the green light from the Federal Reserve on the possibility of raising the interest rate in the coming months of the current year, and the data supporting its rise against metals and other currencies.
2- A record rise in the rate of most US Treasury bond futures, which is considered a graveyard for gold.
3- The rise in oil prices this month and the US stockpile is days away from running out. (Will we witness a rise in prices if the US government decides to buy oil at current prices? This will inevitably lead to a rise in the inflation rate and thus a definite rise in the US interest rate)
We have important news this week
ISM Manufacturing PMI (September)
Federal Reserve Chairman Powell speaks
Job Opportunities (JOLTs) (August)
Unemployment complaints rates
Private sector employment report (September)
Unemployment rate (September)
Technical abstract :
In the 4H time frame
The price of gold continued to decline, breaking the 1873 level and closing the daily candle below it, as it succeeded in touching our new expected target at 1845. We expect the decline to continue once the 1845 level is broken and stabilize below it to achieve additional negative targets starting at 1825 and extending to 1810.
Therefore, the downward trend will remain valid and effective for the coming period, supported by the negative pressure formed by the downward channel and the strength of the dollar during this period, keeping in mind that breaching 1873 will stop the expected decline and lead the price to begin recovery attempts in the immediate term.
in the weekly time frame
As we see the price formed a strong support zone at 1800 - 1810 ,so we expect the price will try to touch it and then will bounces from that area and build a positive momentum to rise up and and reach to 1873 to coming out from under negative pressure ,keeping in mind that breaching 1800 the price will be continue at the bearish trend until 1772.
support line : 1810 , 1800
resistance line : 1873 , 1894
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