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XAUUSD: 11/8 Today's Trading StrategyOn Friday (August 11), DXY fluctuated within a narrow range and is currently around 102.50. Affected by the lower-than-expected inflation data overnight, spot gold once rose to an intraday high of $1,930.19, but then turned around and accelerated below the $1,920 mark. The U.S. dollar index turned from falling to rising, and investors digested U.S. July inflation data , data showed that consumer prices rose slightly, but inflation remained well above the Fed's 2% target; U.S. consumer prices rose slightly in July, consolidating expectations that the Fed's interest rate hike cycle is coming to an end Yesterday, the price of gold fluctuated in a large range. The market opened at 1914.6 in the morning and the market rose first. In the beginning of the US market, it was affected by the fundamentals and quickly rose. The daily line reached the highest position at 1930.2 and then the market fell under pressure. After reaching the position of 1911.9, the market consolidated. After the daily line finally closed at the position of 1912, the daily line closed in the form of a shooting star with a very long upper shadow line. Although gold rebounded yesterday with the support of the CPI data, the overall bearish trend finally returned in vain, and it still hit a new low since this round in late trading. No change for now. From a technical point of view, yesterday’s daily line of gold received a Yinxian shooting star, indicating that the short position is corrected, the Bollinger Bands are wide open, the KDJ indicator is about to form a golden cross, the midline fluctuates widely, and the general trend is still upward. Looking at the 4-hour chart, the Bollinger Bands open wide, the KDJ indicator is about to form a golden cross, and the price fluctuates at a low level. On the daily chart, the price of gold fluctuated and fell. The dead cross of the 5-day and 10-day moving averages crossed the middle track of the Bollinger Bands downwards, and formed a short-term suppression on the price of gold. The middle track and the lower track of the Bollinger Bands turned downward, indicating that the short Occupy a short-term advantage and gradually open up the downside space, but the downside time of the lower track of the Bollinger Band is relatively short, which may limit the short-term downside space. In terms of indicators, the dead cross of KDJ and RSI indicators turned slightly upward, indicating that there is a short-term rebound opportunity for gold prices, but the dead cross of MACD indicator diverged and crossed the zero axis, and the short-term technical side has the upper hand. Today, the upper pressure of gold price focuses on 1922 and 1933 US dollars, and the lower support focuses on 1910 and 1900 US dollars. ​​​​Gold operation strategy: SELL: 1920-1923 TP1:1916 TP2:1910 Buy: 1903-1906 TP1:1909 TP2:1918
OANDA:XAUUSD
by ActuaryJ
Mastering Gold Trading: Precise Timing Introduction: Welcome to a groundbreaking trading opportunity that could revolutionize the way you approach gold trading. In this comprehensive analysis, we're about to delve into the world of W.D. Gann methods and advanced mathematical techniques to unveil timing pivot predictions that offer exceptional insights into the gold market's major reversals. By meticulously analyzing the 15-minute timeframe, we've decoded key patterns to help you anticipate market movements and position yourself for potentially lucrative trades. Understanding the Method: At the heart of this analysis lies the revered W.D. Gann methods, a cornerstone of technical analysis, and their symbiotic relationship with advanced mathematics. These methods, which combine price and time analysis, provide us with a unique lens through which to perceive the gold market's hidden rhythms. By scrutinizing historical price data and aligning it with mathematical principles, we've uncovered crucial pivot points that have historically indicated significant market shifts. The Power of Timing Pivot Predictions: Imagine knowing exactly when the market is poised to make a major reversal. With our timing pivot predictions, you'll gain the edge you need to plan your trades effectively. These predictions identify specific timeframes when market sentiment and price momentum are likely to undergo substantial transformations. Whether you're a seasoned trader or a newcomer, having this advantage can drastically enhance your trading strategy. How to Utilize the Predictions: Our comprehensive analysis is all about translating insights into actionable strategies. We provide clear entry and exit points for your trades, taking the guesswork out of your decision-making process. Our carefully calculated predictions highlight the moments to consider opening a position and, equally importantly, when to close it. By aligning your trades with these timing pivot predictions, you position yourself strategically to potentially maximize profits while minimizing risks. Trade Idea in Motion: Let's put theory into practice with a recent real-world example. Based on our analysis, we've identified a compelling trade ideas for the upcoming week. We anticipate major reversals to occur around within the 15-minute timeframe. This are opportunities to consider entering a long/short positions, targeting massive ROI profit margins. Our predictive analysis indicates that the reversal's momentum could extend, making this an excellent chance to ride the market wave. Risk Management and Beyond: No trading strategy is complete without robust risk management. We'll guide you through optimal stop-loss placement to safeguard your capital in case the market behaves unexpectedly. Furthermore, we'll explore potential trade extensions, helping you recognize when to stay in a position for the potential of greater rewards. Conclusion: Get ready to elevate your trading game with our precise timing pivot predictions based on W.D. Gann methods and mathematical insights. By understanding the historical patterns and aligning them with mathematical principles, we're offering you a chance to anticipate major reversals like never before. Embrace the power of informed trading decisions, guided by our carefully curated entry and exit points. As you embark on this trading journey armed with cutting-edge analysis, remember that success favors those who dare to take calculated steps into the future of trading. Disclaimer: Trading involves inherent risks, and while our analysis provides valuable insights, it doesn't guarantee success. Always exercise caution and conduct thorough research before making trading decisions.
CAPITALCOM:GOLD
by Anonymous_Analyst
The Golden Journey (XAUUSD) Under Pressure The young golden one (XAUUSD) has navigated through a week marked by a prevailing selling trend, inching close to the significant level of $1,900 USD this week. Fundamental pressure primarily stems from the resolute "hawkish" stance of the Federal Reserve (Fed), coupled with the impact of comprehensive economic data that bolsters the Fed's mindset. In the upcoming week, diligent investors will closely monitor retail sales data from both China and the United States before the release of the Fed's policy meeting minutes for July. The "hawkish" statements from New York Federal Reserve President Bowman have spurred a recovery in US Treasury bond yields, exerting short-term pressure on gold prices. Bowman emphasizes that the next interest rate hike may be necessary to achieve inflation control goals, along with a note on the tight US labor market, which has influenced this trend. The 10-year US Treasury yield has surged past the 4% mark, significantly impacting gold prices. On Thursday, the US Bureau of Labor Statistics revealed that US inflation, measured by the Consumer Price Index (CPI), rose to 3.2% in July from 3% in June. This figure is slightly below the market expectation of 3.3%. On a monthly basis, both the overall CPI and core CPI, which excludes food and energy price changes, increased by 0.2%, in line with June data and market expectations. Reacting to the inflation data a few hours later, San Francisco Federal Reserve Chair Mary Daly stated that she needs to see "inflation abate overall" and supports maintaining stable interest rates. The 10-year US Treasury bond yield remains steady above 4% after these remarks, exerting significant pressure on gold prices. Over the weekend, the US Bureau of Labor Statistics reported that the Producer Price Index (PPI) for final demand in the US increased by 0.8% compared to the same period last year in July, significantly higher than June's 0.1% growth. This figure slightly exceeded the market expectation of 0.7%, maintaining the strength of the US dollar and continuing to pressure gold prices. Fundamentally, gold is facing pressure as both the Fed and comprehensive economic data support the US dollar. While the Fed has adopted a more hawkish stance, comprehensive economic data indicates stubborn inflation. This factor skews market sentiment towards the likelihood of the Fed maintaining rates or continuing an extended tightening cycle, leading to a depreciation of gold prices. According to the CME Group's FedWatch tool, the market still assesses a 90% chance that the Fed will maintain stable interest rates in September, with a 10% chance of a 25 basis point increase. Technical Analysis for XAUUSD: On the daily chart, gold is struggling to maintain the $1,910 level, which was the price target for the previous week and also the nearest significant support. The technical trend remains unchanged, with the price channel (a) and subsequently a smaller price channel indicating an ongoing downtrend. As long as gold does not break these trend channels, it lacks the technical conditions to reverse the trend. At the very least, to indicate a reversal on the current chart, gold needs to push price action above the EMA21 moving average. However, if the $1,910 level is breached, there is potential for a deeper decline, with the first target at the significant $1,900 level and potentially lower around the previous low at approximately $1,892. Nevertheless, the market is not always straightforward, so corrections may still occur. Based on expectations from the $1,910 level, gold may retest the technical level at $1,925 or the 0.618% Fibonacci retracement level, but this won't alter the overall trend. Key Support and Resistance Zones Impacting Market Path: Support: $1,910 - $1,900 USD Resistance: $1,925 - $1.929 USD Daily Trading Recommendations: BUY Entry for XAUUSD at $1,910-$1,909 Stop Loss: $1,906 Take Profit 1: $1,915 Take Profit 2: $1,920 Take Profit 3: $1,930 SELL Entry for XAUUSD at $1,926-$1,927 Stop Loss: $1,930 Take Profit 1: $1,920 Take Profit 2: $1,915 Take Profit 3: $1,910 Note: Always set Take Profit (TP) and Stop Loss (SL) during trading for optimal performance. Stay tuned for gold's movements in the upcoming week and seize every opportunity! @Tradingchampions Wishing you a successful new week!
OANDA:XAUUSD
by DNAchampions
Gold scenario for the coming weekThe price moved based on our scenario last week But it has not yet reached our target of 1,900: In case of collision with the area between 1885-1903, we should consider the price to return, and in case of a strong return from this area, the resistances between 1926.3-1930.2 and 1918.5-1921.8 are on the way to return. Note that crossing the support zone with strength can create a new bearish scenario, in which case a new scenario will emerge #gold #15min
OANDA:XAUUSD
by hesamsadat
The Gold price update for the coming weekend includes importantGold is now in a bearish trend and will find sell positions for the long term, but the confirmations are most important. Gold is now very close to its Demand zone of 1905–1895, which marked the double bottom on July 6th, 2023. Gold will give respect to their demand zone, and as per dollar analysis, the dollar will fall. In this case, gold will move some bullish. The major levels were also marked on the chart with their possible rejections. Buying zone 1906 to 1896 but if we will find some market structure changes indications like rejection in H1, M30 and Confirmations in M30, H1 also. The major zones are: 1- 1918.90 2- 1924.88 3- 1931.31 4- 1947.88 You will open buy positions, and your take profit will be at these levels in the short term. Selling zone was also the major zone marked above if market will give some indications. The marked levels were also the resistance levels in the H4 time frame. The possible trading setup is as follows: Entry Point: 1906-1894 Stop Loss: 1890 Take Profit1: 1918 Take Profit2: 1931 The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.
OANDA:XAUUSDLong
by Bloom_Forex_Official
GOLD ( XAUUSD ) Long Term 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
TVC:GOLDLong
by ForexPlanet20
Gold Long : Xasuusd long Gold has historically been considered a safe-haven asset and is widely used as a hedge against economic uncertainties and inflation. A bullish reversal play in the gold market suggests that the recent downtrend may be coming to an end, and there is potential for a price reversal to the upside. As of the current date, the analysis will take into account the events and factors up to September 2021. Keep in mind that the gold market can be influenced by a wide range of factors, including geopolitical events, macroeconomic indicators, interest rates, and currency movements. Here are some key factors to consider when evaluating a bullish reversal play for gold: Technical Analysis: One way to identify a potential bullish reversal in the gold market is through technical analysis. Traders often use chart patterns, moving averages, and trendlines to analyze historical price data and identify potential turning points. Common bullish reversal patterns include the "double bottom" and "head and shoulders bottom" formations. If these patterns are identified on the gold price chart, it could indicate that a reversal in the downtrend is likely. Macroeconomic Indicators: Macroeconomic indicators, such as inflation rates, GDP growth, and central bank policies, can significantly impact the demand for gold. During periods of economic uncertainty or high inflation, investors tend to flock to safe-haven assets like gold. If there are indications of slowing economic growth or rising inflation, it may fuel demand for gold, leading to a potential bullish reversal. Geopolitical Tensions: Gold prices are also influenced by geopolitical events and global uncertainties. Geopolitical tensions, trade disputes, or conflicts can create an environment of risk aversion, driving investors towards gold as a safe asset. Any escalation in such events can act as a catalyst for a bullish reversal in the gold market. Interest Rates and Monetary Policy: Interest rates set by central banks play a crucial role in determining the opportunity cost of holding gold. When interest rates are low or negative, gold becomes more attractive as it does not offer a yield, making it more competitive against interest-bearing assets. Any indications of accommodative monetary policy or a shift in central bank stance towards a dovish outlook can potentially support a bullish reversal in the gold market. Currency Movements: The value of gold is typically denominated in US dollars, and therefore, movements in the US dollar can have a significant impact on gold prices. A weaker US dollar tends to boost gold prices as it becomes cheaper for holders of other currencies. If there are indications of a weakening US dollar, it could contribute to a bullish reversal for gold. Conclusion: A bullish reversal play for gold involves the expectation that the recent downtrend in gold prices may be ending, and the market may experience an upward price movement. Traders and investors need to consider a combination of technical analysis, macroeconomic indicators, geopolitical events, interest rates, and currency movements to assess the potential for a bullish reversal. However, it is essential to recognize that the gold market is subject to various unpredictable factors, and any investment decisions should be made with proper risk management strategies in place. Additionally, it is advisable to stay up-to-date with the latest news and developments as new events can quickly change the market dynamics.
OANDA:XAUUSDLong
by realtrademaster
Latest gold trading signals Gold fell slightly today and is now around 1916, as Fed officials' speeches weighed on Fed rate cut expectations, and the dollar index rose, suppressing gold prices, but the continued weakening of U.S. Treasury yields also provided support to the gold market, and there was still some wait-and-see sentiment ahead of the release of the US CPI data for July. Overall, the short-term focus on 1910 and 1902 support, if it cannot be broken, gold may rebound and rise, it should be noted that when the market volatility is relatively large, choose the right position to reduce trading risks Gold personal trading strategy xauusd:@buy1902-1907 tp1920-1925 Join me for more free accurate trading signals
FX:XAUUSDLong
by UnknownUnicorn58713786
Gold short-term is still shortwww.tradingview.com Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
FXOPEN:XAUUSDShort
by Richard-Wagner
GOLD (XAUUSD): CPI Data Ahead! Your Plan🥇 Traders, do not forget that we are expecting the CPI data tomorrow. Depending on the figures, I see 2 potential scenarios on Gold. Bullish Scenario 1942 - 1946 is a key horizontal resistance. If the market breaks and closes above that, I will expect a bullish continuation to a major falling trend line. Bearish Scenario 1924 - 1934 is a key horizontal support that the price is approaching now. Its bearish breakout and a daily candle close below will push the prices lower. Next goal will be 1910. Wait for a breakout and the follow the market. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
7
7 Dimension Analysis For GOLD /XAU 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: A bullish Choch was completed on July 18th. 🟢 Swing Move: After Choch The corrective phase is nearing its target zone. 🟢 Inducement: Waiting for a reversal inducement to confirm the low and enter an impulsive move. 🟢 Pullback: Following a substantial corrective swing, the first impulsive pullback has occurred, showcasing notable strength based on historical data. Extreme Order Block has been mitigated, providing a favorable demand signal. Time Frame Confluence: Daily and Weekly 🟢 Internal Structure: A bullish Choch has been established, and the corrective move has been completed. 🟢 Trendline Breakout: The initial signal for entry or exit is a trendline breakout. Currently awaiting a breakout above trendline resistance and CIP (Change in Polarity). 🟢 Chart Patterns: A reversal pattern of a Head and Shoulders formation is evident. An upside breakout from the Falling Wedge pattern will confirm the setup. 🟢 Candle Patterns: Relevance is observed, confirming the demand zone based on various studies. Doji: Gravestone Momentum: A strict engulfing pattern; there seems to be FOMO selling at this point. Inside Bar: Today's candle is inside the previous momentum candle and forming gravestone candle. Climax players appear to be entering the market, potentially indicating FOMO selling at the support trendline. 3️⃣ Volume: Significant volumes are evident throughout the entire move, suggesting a significant event. Despite substantial volume, price movement remains subdued. This volume divergence could imply an impending sharp move upon breaking above the resistance trendline. Volume during the entire swing cycle is impressive. 4️⃣ Momentum RSI: 🟢 Zone: Currently in a sideways zone. 🟢 Range Shift: Shifting from Bearish to Sideways, finding support at the 40 level. 5️⃣ Volatility Bollinger Bands: 🟢 A Headfake-type formation is emerging at the swing high, although it is yet to be confirmed. 🟢 The last leg is expected to start, with a high likelihood of initiating a reversal. 6️⃣ Strength ADX: According to ADX, the market is mostly sideways, with bears holding a slight advantage over bulls. 7️⃣ Sentiment ROC: The Rate of Change indicates that Gold is stronger than USD, providing clarity in sentiment. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish, yet the move is nearing completion, potentially prompting a reversal. ☑️ Current Move: Impulsive, waiting for confirmation through internal bullish choch or trendline breakout. ☑️ Candles Behavior: Observing Record Session Count, Longwicks, Doji, Inside Bars, and Momentum patterns, all suggesting possible reversals. ☑️ FIB Trigger Event: Already occurred, indicating a swing liquidity sweep. ☑️ Trendline Breakout: Awaiting confirmation. ☑️ Final Comments: Plan to buy upon trendline breakout. 💡 Decision: Buy 🚀 Entry: Approximately 1934 ✋ Initial Stop Loss: Placed at 1911, to be trailed to 1920 once price surpasses 1938. Additional position to be added in gold. 🎯 Take Profit: Initial target at 1999, considering secondary exits based on changes in internal structure or trendline breakout, including potential FOMO action. 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 20 Days Summary: The comprehensive analysis indicates a bullish swing structure with potential impending reversals. Various chart patterns, candlestick formations, volume dynamics, and momentum factors are considered for this analysis. The planned entry strategy involves awaiting a trendline breakout. The expected trade duration is 20 days, with a risk-to-reward ratio of 1:5. If YOU want become a professional trader and analysis like this don't hesitate contact my any time
OANDA:XAUUSDLong
by Optimum369
2