XAUUSD:If it cannot break through the 2525-2531 range, go short
Overall, gold's movement today hasn't been significant. After entering the resistance zone, it hasn't managed to break through. Currently, the 30-minute chart shows signs of turning bullish, while the 2-hour chart indicates that the bears are gaining momentum for an attack.
So in tomorrow's trading, if the price lingers around the resistance level without breaking through for an extended period, there's a high probability of a larger drop compared to today's intraday decline. The trading strategy is quite straightforward: focus on the strong resistance area between 2525 and 2531. If weakness appears, go aggressively short, targeting below 2500.
Xauusdbuy
continued decline from the level continued decline from the level
Now the situation in the gold market is characterized by a high level of volatility. After the recent rise in gold prices, investors are starting to keep a close eye on the resistance level, which could become a key decision-making point. Against the backdrop of uncertainty in the global economy caused by rising interest rates and inflationary pressures, gold continues to retain its appeal as a safe-haven asset. Nevertheless, possible price fluctuations depending on macroeconomic news could create selling conditions at resistance levels. Investors should analyze the data to determine the optimal moment to trade.
XAUUSD: 2531 high will definitely be refreshedGold market fundamentals:
Powell made a speech on interest rate cut last Friday. The September interest rate cut is a foregone conclusion, and the probability of a 50 basis point interest rate cut has increased.
The US dollar index and US Treasury yields continue to fall.
The Middle East and Russia-Ukraine geopolitical crises are intensifying, and risk aversion continues to rise.
Gold market technical aspects:
From the 4H chart, gold prices still maintain an upward trend. Last week's correction did not effectively fall below the Fibonacci retracement of 0.618. According to the wave theory, from 2380 to 2530, this is the rise of AB waves, and now it is the extension of C waves. According to the amplitude of each wave, the high point of 2531 will definitely be refreshed.
Trading strategy: Now it depends on when 2531 breaks through. If it breaks through directly, we will chase the rise. If there is no break, wait for the retracement to the 2510-2515 range to buy.
Support range: 2515, 2510, 2500
Resistance range: 2531
Daily risk data:
US durable goods orders monthly rate in July
US Dallas Fed business activity index in August
Xauusd chart Gold (XAU/USD) trades up into the $2,520s on Monday, as a combination of safe-haven demand sparked by rising geopolitical tensions in the Middle East, and increased confidence US interest rates will track lower in the medium-to-long term, make the non-interest paying asset more attractive to investors.
Gold buyers need to recapture the record high of $2,532 to take on the next key barrier at the $2,550 level.
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.
Gold now buy 2522
Support 2530
Support 2544
Resistance 2512
Resistance 2500
waiting for new ATH XAU !! 8/26 The Gold price (XAU/USD) trades with mild losses near the $2,500 psychological support on Monday. However, the downside of the precious metal might be limited amid rising expectations that the US Federal Reserve (Fed) will begin lowering borrowing costs in September. Lower interest rates are generally positive for Gold as it reduces the opportunity cost of holding the non-interest paying asset.
Furthermore, the escalating geopolitical tensions in the Middle East and the economic uncertainty are likely to boost the safe-haven demand, benefiting Gold price. On the other hand, the sluggish demand in the Chinese economy might undermine the yellow metal as China is the largest producer and consumer of gold worldwide. Later on Monday, the US July Durable Goods Orders are due. The highlights for this week will be the preliminary US Gross Domestic Product Annualized (GDP) for the second quarter and the Personal Consumption Expenditures-Price Index (PCE) for July, which will be released on Thursday and Friday, respectively.
2024 will be the year of the strongest increase of Gold: old ATH 2531 and continue the upward trend
According to the M30 trendline, wait for the price to retest the supply zone. then increase again
BUY XAU: ZONE 2517 - 2515
SL: 2511
TP: 40 - 80 - 150 PIPS ( 2530 )
Safe and profitable trading
XAUUSD - will a new ATH appear after 5 wave correction?👉Now let's go to the most standard trading points for today, guys, looking at the large frame wave, I don't dare to Buy high and hold long, because I'm seeing a liquidity structure according to ICT, the candle is also a bit short for long Buy orders, looking at the wave, I also see 5 waves, so today we only scalping liquidity, now the price has gone up to 2523, I'm considering entering a continued sell scenario
👉Sell long, today Monday only bet on liquidity within the range, when betting on liquidity, SL is maximum 3 prices, TP is also from 3-6 prices, the liquidity milestones you should pay attention to for scalping today are as follows,
👉Buy Scalping pay attention to the area: 2503 SL 2500
Sell Scalping: 2517.50-2518 SL 2520
Sell Swing: 2523 SL 2527. Long-term TP
👉This is my prediction for today's direction, we still have to consider the real time, but the price zones I give above are the zones that need to be considered when entering orders or applying
RSI to catch Entry.
XAU end of August, still expecting new ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/26 - 8/30/2024
🔥 World situation:
Gold prices rose by over 1% on Friday, reaching $2510, as the US Dollar and Treasury bond yields fell after Federal Reserve Chair Jerome Powell's dovish comments. Powell expressed confidence that inflation is moving towards the 2% target and suggested that rate cuts are on the horizon. The price of XAU/USD rebounded from a daily low of $2484 following Powell's remarks, where he emphasized the need for policy adjustments and highlighted the Fed's focus on maximizing employment.
🔥 Identify:
The correction down to the 2472 zone (BREAK AND RETEST) happened very quickly. Gold price continued to be excited by the market, increasing above the 2500 zone, still optimistic about the price at the end of August 2024.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2531, $2559, 2592
Support : $2498, $2472, $2450
🔥 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
GOLD IS GONNA HIT 2600 SOONHello Guys Hope You Are Doing Great.
So Let's Dive In The GOLD.As My Expectation On Gold Elliot Wave Analise That I Publish Last Week Is Still The Same For The Rest Of the market Structure. As My Expectations Gold Has Bounce Back From The Nearest Daily Resistance (Daily RBS) After Making The ATH Last Week And Now Again At The Level Of Last Daily Resistance.
There's A Higher Chance To Break The Daily Resistance On Monday Or Tuesday Next Week. If Only Break this Daily Resistance Gold Will Push Up Maybe Without A Pullback Fore At Least 500 - 1000 Pips On Straight. Because Powell Show A Green Light For The All Markets With Last Week Speech That Indicate That In The Near Future The Will Be Interest Rate Cuts But If Not Gold Will Touch The SWAP Zone Faster Then Ever.
So This Is My Next Week Expectation On Gold.
Wait For More LTF Analise Soon.
XAUUSD GOLD Mines Bullish Robbery Plan To steal the GoldMy Dear Robbers / Traders,
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XAUUSD Longs from 2,490.000 back upMy analysis for gold this week focuses on buying from the 17-hour demand zone, where I expect price to create a new impulsive move to the upside that could potentially take out the previous all-time high (ATH) again. Currently, we see price sweeping a lot of liquidity and family supply zones from last week, which may slow down price and lead it into my 30-minute supply zone.
I will approach this zone cautiously, as it involves counter-trend selling from that point of interest (POI). However, it's an extreme zone at a premium price that remains unmitigated, so I'll watch the price action closely on Monday's open to see if price starts retracing or enters the supply zone.
Confluences for GOLD Buys are as follows:
- Liquidity above that needs to be taken.
- The market is very bullish on both lower and higher time frames, making this a pro-trend trade idea.
- Fundamental and sentiment-driven news also suggests that price will remain bullish.
- Price failed to hold two new supply zones last week.
- A 17-hour demand zone has been created, which looks promising for possible buys.
P.S. If the ATH is taken out and my 30-minute supply zone fails, I will wait for a new demand zone to form closer to the price before looking for a new supply. Ideally, we get that retracement before continuing the bullish move.
Have a great trading week, guys!
XAUUSD Strong Bullish Bias**Monthly Chart**
Last month's XAUUSD (Gold) candle closed as a large bullish candle after creating a new record high shy of the 2,500 level (round number). This indicates that traders will try to push the price higher to break the record high. This is in line with geopolitical reasons happening in the Middle East at the current moment.
This month's candle, which is still active, tested 50% of last month's candle and tried to push higher again after a large sell-off on Monday—5th August 2024.
August monthly candle is still bullish and recorded an all-time high at 2,531.76
**Weekly Chart**
Last week, the candle closed as an indecision doji candle, after recording a new high on 20th August. However, the long-term bias is still bullish, and there is a high probability that XAUUSD will reach a new high in the coming weeks. The price tested 50% of FVG candle of the previous week at around 2,470 then pushed higher after the Fed Chair Power's speech during the Jackson Hole Symposium on Friday.
**Daily Chart**
Last Friday's candle closed as a bullish manipulation candle (or Order Block candle), after testing the IPA (FVG) the previous day and moved higher.
All time frames are aligned, and a higher move for XAUUSD is suggested. I will only look to buy at retracement with good risk parameters for a target above the 2540 level.
Look for entry points from lower time frames such as 4H and 1H.
XAUUSD: Gold prices will continue to reboundGold price can be bought when it retreats to 2496-2491. Investors with large funds can enter the market in advance.
tp2510.
sl2480
Risk events continue to ferment. Gold prices hit a new low of 2470 and then continued to rebound sharply. It has now risen by 30 US dollars.
Many people are often blind in their operations. But members who continue to pay attention will know the accuracy of my signals. This week is another week of big profits.
The trend of buying high and selling low is always correct. Don't scalp trading. That's very risky. Especially for novice friends.
At the same time, trading mentality is often a major reason for everyone's trading failure. So if your trading mentality is not good, then your trading will fail.
But here, whether you are a novice or a person with rich trading experience, or a person with a bad mentality, you can get my precise guidance to make better transactions. Because trading is to make greater profits, rather than to expand losses in anxiety. Follow me. Make trading easier.
XAUUSD:Longs closed in the 2488-2496 range
Gold started to rebound after touching the support near 2482-2473. It is still in the rebound stage. From the graph, the resistance of the rebound should appear near 2488-2496. At that time, we need to pay attention to the breakthrough of the resistance.
I think the probability of a direct breakthrough is not high, because when it falls below 2500, it has become a strong resistance again. If you want to return to above it, you need to accumulate strength. Therefore, in the process of long trading, the TP setting should not be too high, and it can be controlled in the range of 2488-2496.
Making money is not something that can be achieved overnight. You can't have the mentality of getting rich at once. A step-by-step trading method will reduce risks, and steady trading can allow us to survive in this market longer.
Xauusd H1Gold 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.
Gold now buy 2499
Support 2510
Support 2525
Resistance 2490
Resistance 2480
XAUUSD: 2500 is not broken, so it can continue to be bullishGold Market Fundamentals:
Investors are largely convinced that a rate cut will happen in September, with the U.S. Dollar and Treasury yields continuing to decline, providing strong support for gold prices. Revised data from the U.S. Department of Labor reflects growing Fed concerns over the labor market, reinforcing expectations of a rate cut. Escalating geopolitical tensions in the Middle East and the stalled ceasefire negotiations in Gaza are also supporting gold prices.
Fundamentally, the market remains optimistic. Global economic slowdown, trade tensions, and geopolitical risks are all factors supporting gold prices. Meanwhile, increasing expectations of a Fed rate cut are likely to further weaken the U.S. Dollar, creating favorable conditions for gold.
Gold Market Technicals:
On the 1-hour chart, gold prices have repeatedly tested the 2500 level as a key support, and it appears strong, with multiple pullbacks failing to break through. Additionally, the MACD indicator has formed a double golden cross pattern, indicating the potential for further price increases.
Trading Strategy:
Based on the above analysis, we maintain a bullish outlook today. However, close attention should be paid to the 2500 support level. If this level is broken, the pullback could intensify. Therefore, monitor the 2500 support closely, and I will update the strategy in the channel if any changes are needed.
Support Range: 2500-2488, 2460-2475
Resistance Range: 2520, 2531
Intraday Risk Data:
U.S. Initial Jobless Claims
U.S. August PMI Data
U.S. July Existing Home Sales
Focus on Powell's speech tomorrow
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!
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XAU/USD Monthly Chart Analysis: and Future Target 3000?On the monthly chart of XAU/USD, a classic Cup and Handle formation has developed, with a significant breakout occurring on March 1, 2024. Following this breakout, the price rallied by approximately 24.62%.
To project future price targets, I employed a method of measuring the depth of the cup and adding it to the breakout level. This calculation resulted in a potential price target range of $2,915.24 to $3,000, reflecting a total expected increase of around 42.39%. As of today, August 22, the price has already moved up by 18.81%, leaving a potential upside of 16% to reach the target.
The time projection for achieving this target was derived from the duration taken to complete the Cup pattern, which spanned 108 bars. By dividing this time period by two, I arrived at 54 bars, pinpointing a potential target date of September 1, 2028. Interestingly, there's a coincidental alignment between the breakout date of March 1 and the projected target date of September 1.
However, it’s important to note that financial markets are highly sensitive to news and events, leading to dynamic price movements. The prices are not static and can experience various phases, including uptrends and downtrends. The intention behind this analysis is to identify and track high-time-frame patterns, providing a basis for future projections.
I’ll also be tagging my previous Ethereum prediction, where I forecasted a price movement from $1,500 to $3,500 based on similar logic.
Disclaimer: This analysis is for educational purposes only and reflects my personal study and predictions. It is not intended as financial advice. Please conduct your own research or consult with a professional before making any investment decisions.
Xauusd chart Gold stays under modest bearish pressure and trades near $2,500 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day ahead of US PMI data, making it hard for XAU/USD to hold its ground.
Conversely, should Gold buyers recapture the record high of $2,532, the next relevant topside target is seen at the $2,550 level.
Gold now buy 2501
Support 2520
Target 2530
Resistance 2490
Stop loss 2480
GOLD H8 further gains as it crosses $2,500The upcoming Jackson Hole symposium, scheduled for August 22-24, is expected to be a significant event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the gathering will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting Fed Chair Jerome Powell’s remarks, which could provide crucial insights into the Federal Reserve’s policy direction.
Bank of America (BofA) strategists suggest that Powell may offer a clear assessment of the current economic situation, signaling that the Fed is “very close” to beginning an easing cycle. This would indicate confidence in controlling inflation, with a growing emphasis on maintaining a strong labor market. Powell may highlight the need to avoid “unexpected weakness” in employment, suggesting that job preservation could become a priority in 2024.
The market is largely expecting a 25-basis-point rate cut in September, but strategists caution that more hawkish language from Powell could flatten the U.S. Treasury yield curve. Historically, rate volatility decreases following Jackson Hole as policy uncertainty eases.
Recent inflation data, including the July Producer Price Index (PPI) and Consumer Price Index (CPI), showed signs of easing inflationary pressures. The CPI rose by 0.2% month-over-month and 2.9% year-over-year, supporting the potential for a rate cut. The market anticipates the Fed will begin easing rates in September if inflation continues to moderate.
In addition to economic factors, escalating geopolitical tensions, particularly in the Middle East, have boosted demand for gold, a traditional safe haven. The ongoing conflict between Israel and Hamas, with potential Iranian involvement, has heightened fears of broader regional instability.
The outlook for gold prices remains bullish in the short term, supported by a weakening U.S. dollar, expectations of an imminent rate cut, and ongoing geopolitical risks. Powell’s remarks at Jackson Hole will be pivotal, potentially influencing both gold prices and broader market sentiment.
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.
Gold Continues on ATH Bullish Path⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) saw slight losses on Monday as investors paused after the recent record high, waiting for more clarity on the Federal Reserve's (Fed) policy plans. Attention is now on the release of the July FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday. His comments will be key in guiding expectations for future interest rate cuts, which will influence the US Dollar (USD) and gold's next move.
Meanwhile, the growing belief that the Fed will start easing rates in September, due to signs of cooling inflation, has pushed the USD Index (DXY) to its lowest level since January. Ongoing geopolitical tensions in the Middle East and the Russia-Ukraine war continue to support gold. However, a positive market sentiment and hopes for a Gaza ceasefire may limit significant gains for XAU/USD. Despite this, the overall outlook favors bulls, with any significant dip likely seen as a buying opportunity.
⭐️ Personal comments NOVA:
Gold price is currently sideways around $2500, accumulating waiting for FOMC interest rate information on Wednesday. Still supporting the Uptrend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2478 - $2480 SL $2473
TP1: $2495
TP2: $2510
TP3: $2530
🔥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 BUY 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