XAUUSD 4HR Analysis | The Bulls Are Taking a Breather | XAUUSD 4HR Analysis | The Bulls Are Taking a Breather |
Gold has recently hit an all time high of 2530 and since has tested the breakage of this level a few times, in my last analysis I provided a detailed explanation of the current mining production status globally and JPY/USD economic data that could impact the price movements in the bulls favour however it seems that short term we may see a correction into the upper 2400's before any renewed price surges, with the bullish momentum volume slowing down and various bearish confirmations coming into play.
Over the last few days Gold has broke below the dynamic support + resistance level whilst also dipping below the 200 EMA on smaller timeframes and the 50 on larger such as 4HR, with the recent completion of 25% to 75% quarters and a pivot off the upper bollinger band its likely that the precious metal could take a breather down to 2,460-70 where the 200 ema lies along with a key support and resistance level and the lower bollinger band matching 25% quarter level.
With the US holidays in action today the start of the week has been sluggish with little to no volatility and price sticking in its range alongside not being able to break back above the 50 ema and dynamic s+r, the bears remain in favour until price can break this structure level back into the 2520's and thus i would not consider any long term buys with so many key psych resistance levels in between us and the ATH pivot level.
I will be keeping close eye on the key support zone of 2460-70 for suitable long term buy entries and in the meantime trade intra on price structure and short term confirmations with my group.
Goldtrade
Continue to hold a bulls in the 2515-2516 areaBrothers, although gold once rebounded to around 2526, I explained six reasons in my private domain that gold cannot be shorted, and gold may challenge the previous high again or even set a new high. So I refused to short gold.
Gold once retreated to around 2515, brothers! Although I did not short gold, it is obvious that I seized the opportunity to go long on gold in the 2515-2516 area!
I cannot guarantee that gold will reach a new high, but I think gold will challenge the resistance in the 2525-2530 area at least once. Once it breaks through this resistance area, gold may continue to rise and touch the 2540-2550 area. So I still hold my long position now, let us look forward to the performance of gold together!
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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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Don’t worry, your short position will be profitable! .With certain buying support, gold was pushed up to around 2415, which was also the most positive day in the past two days. Do you still hold a short position in gold? What if the short position is in trouble?
In fact, I am not nervous about the rebound of gold. I think there is nothing logically wrong with holding a short position in gold, and I firmly believe that gold will fall back, at least around 2390. Do you think you will still be nervous about holding a short position in gold?
For the rebound of gold today, I think it is just a technical repair, and it is far from a strong reversal. In addition, gold is still facing suppression in the 2416-2420 area and the 2430-2435 area. Without the influence of major news, it is difficult for gold to form a technical support rise in a short period of time. Then the continuity of the gold rebound is not strong, and gold will fall again.
So I don’t think there is any need to worry about holding a short position in gold. On the contrary, we can’t easily chase more gold in trading.Are you still worried about your gold short position? If you don’t know how to solve the current difficulties, you can follow me.
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. !
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. !
Short gold! Phased target: 2460-2450!After gold broke through last Friday's high yesterday, the market was expecting gold to rise further or hit the previous historical high. However, gold only rebounded and hit around 2526 before falling under pressure. Obviously, we shorted gold near 2525 yesterday and successfully hit our TP: 2510. Many people laughed at me for shorting gold in the chat room yesterday, but time once again proved that I was right. This is the charm of market trading!
Although gold is currently at a high level and seems strong on the surface, as the bullish momentum weakens, the resistance area is gradually moving down, while the support is gradually being broken. Today, gold continued to fall from around 2518, and the gold short momentum is gradually strengthening. Therefore, I expect the adjustment range of gold may continue to expand. Therefore, in terms of trading, I still maintain the idea of shorting gold on rallies. At present, the 2518-2520 area is regarded as a short-term resistance, and the further resistance area is located in the 2525-2530 area. The retracement target is first bearish on falling below the 2500 mark; if you want to look at the band, then the retracement stage target can be the 2460-2450 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 4HR Analysis UpdateFollowing my last few analysis depictions we have seen the bullish momentum surge bounce off the identified level followed by a small correction down to the key psych level of 2500-08 where price was once again met by the dynamic trendline, 50 ema and order block pivot zone along with 25% quarter section all acting as key support pivot levels which helped price respect and keep its bullish momentum in tact, following this I am now looking as my target the next all time high as the upper 2500s primarily between 2550 - 2575 to match the second phase of the 50% quarters section with 75% being on 3000.
XAU shows positivity above $2500⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) show a slight downward trend near the $2,500 mark on Monday. However, the potential for further decline may be limited due to growing expectations that the US Federal Reserve will start lowering interest rates in September, which typically supports Gold by reducing the opportunity cost of holding it.
Additionally, rising geopolitical tensions in the Middle East and ongoing economic uncertainty are likely to increase demand for the safe-haven asset, supporting Gold prices. However, weak demand in the Chinese economy, the world's largest gold producer and consumer, could weigh on the metal. Later today, the US July Durable Goods Orders are set to be released. This week's key events include the preliminary US GDP for Q2 and the PCE Price Index for July, due on Thursday and Friday, respectively.
⭐️ Personal comments NOVA:
Gold prices are still positive after the FED's statements, Gold prices continue to maintain above the 2500 zone, stable in the second session of the week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2496 - $2494 SL $2489
TP1: $2505
TP2: $2515
TP3: $2530
🔥SELL GOLD zone: $2528 - $2530 SL $2535
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
XAUUSD 4HR Analysis UpdateGolds Bull Run
Following my recent analysis post where I identified a key pivot zone leading into the next price impulse surge we are now running profit with momentum in our favour and the first phase of the analysis completed, going forwards I am looking for price to push a little further into the 2520's where I will await a suitable correction followed by various conformations affirming the continuation of golds ascent and another long opportunity.
As suggested todays powell speech and other red flag events helped surge the price off the floating ema support, dynamic support and resistance and key order block pivot S+R level, with further jackson symposium events on saturday and durable goods orders on monday we could see price continue the bullish favour heading into the opening of next week.
What is your thoughts on the future of price movement for this precious metal ? Let me know in the comments below.
XAUUSD 4HR Analysis + Trade Idea🚀💰 Gold's on a Roll ! 💰🚀
Last week, # XAUUSD hit an all-time high of $2529, only to take a dramatic dip back to the 2470-80 zone, finding strong support from the 50 EMA, dynamic trendline, and a key S+R order block. 📉🔄 But don't be fooled by this correction—gold is gearing up for its next big move! With factors pointing towards continued growth, we could see it break out of the $2500s in no time and aim for a whopping $3000 or even $5000! 📈✨
As we wait for tomorrow's statement from Jerome Powell, the market is buzzing with anticipation. Will gold continue its ascent? 🤔🔥 Keep your eyes on the charts! 📊👀
What's your next move? Let me know in the comments! ⬇️💬
First go long gold, then go short goldHello everyone, because I have been in the hospital for treatment and rehabilitation recently, I have not had time to update my trading ideas in recent days. I have completed all the procedures in the hospital today, and I can participate in the market again from today.
From the overall situation, after gold reached a high of around 2532, the bullish momentum slowed down, and gold showed signs of returning to the technical side, so gold has a need for correction and repair. However, according to the short-term rhythm, gold has been able to rebound in time after falling many times, and it has not effectively broken during the decline, so gold refuses to fall to a certain extent, and the buying force below is strong.
From the overall structure of gold, I currently divide gold into three areas as a whole. At present, gold is running in the first area. According to the profit and loss ratio, in terms of trading, I actually prefer to short gold at a high level; currently, gold has fallen to around 2485 in the short term, which is exactly at the dividing line between the first and second areas, and is also located in the short-term support area. Therefore, in terms of short-term trading, we can first consider going long gold in an appropriate amount; when gold rebounds to the middle and upper area of the first area, that is, after it is around 2510, we can then consider shorting gold!
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 is Bullish.....Doesn't matter what you think at the end of the day, gold is still very much a bullish market and it will likely stay like that for sometime.
Yes It will probably come down a bit, but based on how the momentum is increasing I actually see, gold speeding up in terms of buys, but who knows right?
Have a good weekend guys, see you on monday
Accumulating price zone - Gold has great momentum to increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on the previous day's gains, edging lower during Friday's Asian session. However, the downside appears limited. The positive mood in global equity markets is putting some pressure on the safe-haven metal. Even so, concerns about a potential Middle East conflict and expectations of an upcoming rate cut from the Federal Reserve (Fed) should help keep gold's losses in check.
Dovish Fed expectations have led to a slight pullback in US Treasury yields, preventing the US Dollar (USD) from fully capitalizing on Thursday's strong US economic data. This supports gold prices. Despite the dip, XAU/USD is still on track for modest weekly gains as traders await US macro data, including Building Starts, Housing Permits, and the Preliminary Michigan Consumer Sentiment Index, for further cues.
⭐️ Personal comments NOVA:
Gold price stuck in short-term sideways range 2425 - 2475, accumulating until September interest rate announcement
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2438 - $2436 SL $2433 scalping
TP1: $2442
TP2: $2450
TP3: $2460
🔥BUY GOLD zone: $2424 - $2422 SL $2417
TP1: $2430
TP2: $2440
TP3: $2450
🔥SELL GOLD zone: $2498 - $2500 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
+718.00 USD Profit | Gold Creates New ATH (2500)I don't know anyone who would complain about making 700 usd in one day and I am not about to either, I'm quite happy with that as It is more than I asked for so I will be stopping here.
That being said, Gold continues to create new higher highs and break new boundaries.
I also would not be surprised if gold attempted to breach 2500 either
I did cover all of this live as well in my group BEFORE the fact and on the record so feel free to join that. Other than that, have a good one today guys
+$380 Dollars on Gold TodayYes gold is bullish, yes I sold gold, yes I took 2 losses, Yes I am still in profit at the end of the day.
The more I grow as a trader the more I realize that it is much more about what decisions you make as opposed to just what trades you take.
Yes the trades you take are important but ultimately you have to make a decision to take that trade in the first place right?
Have a great rest of your day guys
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. !
Continue to short gold and look forward to more returns!Although gold has been supported by the conflict in the geopolitical situation and market risk aversion has pushed up gold prices, it has never been able to touch the previous high near 2484, and even 2480 cannot be reached for the time being. Therefore, gold seems to be strong, but it is facing the resistance area of the previous high. , and it is difficult to cross easily.
Therefore, before gold breaks through the previous high, it is completely reasonable to fall back first to accumulate strength, which is more conducive to gold breakthrough. Therefore, I still don't recommend chasing gold directly at present. Regarding the risk of geopolitical situation, in order to avoid the outbreak of world war, I think all parties will effectively restrain themselves and the conflict will not escalate easily.
Therefore, in terms of trading, on the contrary, I still advocate shorting gold in the 2470-2475 area; if gold rebounds and touches the previous high area of 2480-2484, I will continue to increase my position to short gold, and then wait for a new round of gold decline. Only by walking ahead of most people can we eat more cake and make better 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. !
XAUUSD | Road to 2,500 PhasePrevious analysis has now near enough completed with a large bullish surge today making its way over 2 key quarter level phases with 2500 being the last of this phase section, after breaking through the previous days high gold now tests the all time high of 2,485 where there is a lot of pressure to break through already.
With various events happening this week such as the CPI, PPI + Retail Sales I think the final event on thursday could provide key insight into golds growth and how the precious metal stands out from the rest, it is noteworthy of paying attention to the upcoming PPI although only short term impact it can play important roles within the FED and further conditions.
What are your thoughts and ideas? Let me know below :)
Momentum, Timing and Probability - How to WinWinning Trades can be made easier when you learn to look at the market from a completely different perspective. We have to understand at some point that random strategies found on youtube and instagram aren't enough, there must be something else that we are missing.
Well this is it. I think most traders don't take in consideration.
Have a good rest of your day.
Gold Price MONDAY - Correction to Go Up⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on the gains from the past two days and traded within a narrow range during Monday's Asian session. A positive tone in the equity markets created some headwinds for the safe-haven metal, but several factors should prevent significant losses. The potential for escalating geopolitical tensions in the Middle East may temper market optimism. Additionally, dovish expectations for the Federal Reserve (Fed) are keeping US Dollar (USD) strength in check, which should offer support to gold.
⭐️ Personal comments NOVA:
Gold price at the beginning of the week was mainly sideways around the 2410 - 2440 range, slightly adjusted to continue the stronger uptrend during the week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2407 - $2409 SL $2402
TP1: $2415
TP2: $2422
TP3: $2430
🔥SELL GOLD zone: $2458 - $2460 SL $2465
TP1: $2450
TP2: $2440
TP3: $2430
⭐️ 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