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Xauusd-analyse

XAUUSD: Sell at 2505-2510 resistance zone, target 2490-2480Yesterday was Labor Day in the United States. The amplitude of gold was very small and we did not participate in any transactions. Today the market is back on track and it is time to open our transactions! Gold fundamentals: Tensions in the Middle East have escalated again, and risk aversion has rekindled. Due to the recent positive economic data, the U.S. dollar index continues to rebound, and the ISM manufacturing PMI for August to be released today is expected to rise slightly to 47.5 from 46.8 in July, indicating that the manufacturing industry is recovering moderately, which will continue to support the U.S. dollar. rebound, gold falls. In addition, the market expects that the United States will create 163,000 new jobs in August and the unemployment rate is also expected to rise to 4.2%. This reflects strong economic fundamentals and further boosts the dollar. Gold technical aspect: Judging from the Fibonacci retracement of the decline between the highest point of 2528 and the lowest point of 2490, 2505 is 0.618 and 2510 is 0.5, so this range is the resistance to gold's rebound. Trading strategy: Since the direction is clear now and 2505-2510 is the resistance area, we can sell in this range.
OANDA:XAUUSDShort
by AntonyTP
XAUUSD: Wait for a rebound and choose to sell at a high levelLast Friday, as the performance of the US PCE data did not support the Federal Reserve's 50 basis point interest rate cut, the US dollar index rebounded and gold investors took profits, which caused the gold price to fall directly below the 2,500 round number mark. Considering that the U.S. market is closed today, the market fluctuations will not be too large, so we mainly do range-based sell-high and buy-low transactions. Judging from the Fibonacci retracement indicator of this decline, the upper resistance is mainly in the 2504-2510 area. If the level is broken here, the gold price will return to the high area again and continue to try to set a new high, but this may be difficult today. Appear. The lower support is mainly in the early intensive support area 2470-2480. So my strategy today is to sell high and buy low in this area. The gold price is now around 2500 points. If it continues to rise to the 2504-2510 area later, I will choose to sell first. Today is not a major trading day because the U.S. market is closed. There will be multiple major data release days in the next few days this week. This is the key point. Everyone can relax today. We will trade if we have the opportunity. If there is no opportunity, we will not trade. Resistance area: 2504-2510 Support area: 2480-2470
OANDA:XAUUSDShort
by AntonyTP
XAUUSD: Today I waited until 2530 before tradingAs can be seen from the figure, my two trend prediction lines were drawn very accurately. It is a pity that we were in the 2500-2505 buying range, and the two buying orders were all profit-taking before the market closed. The best performance of these two rises was in the Asian session of the next day. During that period, I was still sleeping in Europe, which was quite regrettable. But think about it the other way around. You should be content if you can make money, because you can't make money in all trends. It's always better to make money than to lose money, isn't it? Yesterday before I took a break, I said that if the historical high cannot be refreshed today, then gold may start to fall. This high point has been attacked many times. After many unsuccessful attacks, the bullish force will weaken. Therefore, whether this attack can be refreshed is a key point. Please keep an eye on it. How should I trade today? To be honest, I am not sure for the time being, because the current position is in the middle of support and resistance. If I continue to be bullish, it is too far away from the lower support. I feel that there is a risk. If I am bearish, it is still more than ten dollars away from the upper resistance, which is also risky. Therefore, I think it is better to wait and see. Today, three US data will be released. When the data comes out, I think the direction of the market will be much clearer. Trading strategy: If it can break through the historical high today, I think it can chase the rise, with a target of 2550-2570 If it encounters resistance near 2530 today, you can consider selling at a high level, with a target of 2505-2500
OANDA:XAUUSD
by AntonyTP
Xauusd Down Trend XAU/USD is currently experiencing a downtrend, moving from 2427 to 2411. This shift indicates a decrease in the price of the asset over the given period. Investor sentiment may be negative, leading to selling pressure on gold, causing the downward movement. Traders observing this trend may look for potential entry points or consider short-term selling strategies. The price decline suggests a shift in market dynamics favoring bearish sentiment for XAU/USD in the short term.
OANDA:XAUUSDShort
by Khalifapatrick
#XAUUSD60 Does GOLD change direction after war news?Asia-Europe session analysis on July 31, 2024: The news of war has broken the downtrend on the M30 timeframe, indicating a high probability that prices will reach the liquidity zone of 30-33 and then experience a slight decrease before continuing the upward trend. However, on the H4 timeframe, closing and maintaining prices above the 2440-2445 zone is necessary for the uptrend to resume. The current analysis on the D timeframe still shows a downward trend. Today marks the end-of-month candle closing and is expected to bring unpredictable fluctuations. Key price levels to watch are 2408 - 2410 and 2440 - 2445. Recommended orders: Plan 1: BUY XAUUSD zone 2408 - 2410 SL 2404 TP 2413 - 2423 - 2430. Plan 2: SELL XAUUSD zone 2430-2433 SL 2435 TP 2427 - 2423 -2418.
FX:XAUUSDShort
by wetdyerap
XAUUSD UPDATE (Risky-ShortTrem Setup) Hey team Hope you are Enjoying our ideas and Analysis, Today in Trading Session we are monitoring XAUUSD Looking for Bearish But there is Alot of Risks in Bearish Because That Breaks all Support levels.... XAUUSD (UPDATE)....!! RISKY SHORT FROM ALL TIME HIGH.. Gold is trading in a Strong Uptrend but the price Failed to reach the Supply Zone 2438-2445, Which is also a Resistance Level which in Turn indicates that the market is likely that we will first see a Bearish reaction on Gold from the Resistance Good luck Guy's.....
FXOPEN:XAUUSDShort
by MagickeyFX