#XAUUSD: 692+ PIPS Massive Buying Opportunity! OANDA:XAUUSD
692+ pips buying opportunity from the current price region, we can see straight upside movement towards 2558$ price range. Good luck
Xauusdbuy
September - Target to reach new ATH XAU/USD✍️ NOVA hello everyone, Let's comment on gold price next week from 9/2 - 9/6/2024
🔥 World situation:
Gold prices dropped over 0.90% on Friday, falling below $2,500 for the second time this week after the US Department of Commerce reported that inflation continues to decline, as shown by July’s core Personal Consumption Expenditures (PCE) Price Index. Currently, XAU/USD is trading at $2,497, after reaching a high of $2,526 earlier.
The US Bureau of Economic Analysis (BEA) revealed that the Fed’s preferred inflation measure, the core PCE, slightly missed expectations but matched June’s figures. This data supports the Fed's plans to begin easing monetary policy at the September meeting, though the size of the initial rate cut remains uncertain.
🔥 Identify:
Gold price adjustment to the sideway zone below 2490 - 2500 is essential for a strong increase in the upcoming price. The Uptrend is still dominant in the long-term frames H1, H4, D1
🔥 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, $2542, 2590
Support : $2473, $2425
🔥 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:BUY@2496-2488
Before New York trading hours today, the market is likely to fluctuate within the 2488-2515 range. Based on the current indicators, the probability of an upward move is higher. Therefore, the trading strategy should be to buy on dips first, and then consider short positions.
XAU/USD "GOLD" Robbery plan to steal the gold in long SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist XAU/USD "GOLD" Mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
XAUUSD:Bullish resistance 2513-2527
This week features a significant amount of data with substantial impact, which is likely to lead to considerable market volatility. This presents both risks and opportunities—if managed well, doubling profits is achievable.
In Monday’s gold trading, start by taking long positions since the market is still consolidating within a flag pattern and has not broken below the support near 2488. Focus on the resistance levels at 2509-2515 and then around 2527. This resistance level is well-known and has been tested four times without an effective breakout, so it’s prudent to trade within this range for now.
Given the recent instability in the broader environment, there’s potential for gold bulls, but this assumes further deterioration in the situation. If the market remains indecisive, bulls may lack the strength to drive a significant rally. From a mid-term perspective, I personally believe that selling at higher levels may be more favorable.
Gold reversal zone. Selling with a correction Gold reversal zone. Selling with a correction
The situation in the gold market is currently at a level of heightened investor interest due to several factors: global economic uncertainty, inflation risks and political instability. Gold prices are showing steady growth and remain at high levels due to its status as a safe-haven asset. Central banks of some countries continue to accumulate gold in their reserves, which also supports its value. At the same time, rising interest rates may put pressure on the prices of gold assets, as investors may prefer higher yielding instruments. Analyzing changes in economic indicators and geopolitical situation becomes important for predicting further movement of gold prices.
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: Today will be the last chance to set a new highYesterday we sold at 2525 and closed at 2515. Just now, the gold price rebounded to 2525 again. I notified in the channel that I had done such a transaction again, and now it has been closed with profit. I believe that friends who have followed my trading strategies have made huge profits. Congratulations to everyone.
The 2525-2530 area has not broken for 5 consecutive times, which will obviously have a negative impact on the strength of the bulls.
However, I observed that in the 1H chart, the recent lows of gold prices are constantly moving up, which shows that gold prices are moving upward. Although the highs have been stuck in the 2525-2530 area, the upward movement of the lows indicates that there is already an idea of breaking through the resistance range.
In addition, there are multiple data to be released today, among which the important data PCE price index will be the top priority of the market. Once several of these data are bullish, coupled with the current high global risk aversion, I think gold is likely to break through the resistance.
Therefore, based on the above information, I give the following trading strategy:
Buy bullish when the price falls back to the 2500-2510 area
Or wait for the PCE data to be released and make other plans based on the data performance
I prefer the former because I have a feeling that the gold price will hit a new high today
XAUUSD:Flag pattern consolidation, watch for the breakout direct
Gold continues to fluctuate at high levels. Keep an eye on the resistance. If it breaks through, we could see a significant rally next week. If it fails to break through, you can continue trading within the 2480-2520 range until the market decides on a direction.
If the support is broken, the next low could appear below 2450. If the resistance is broken, the high has a chance of reaching the 2543-2558 range.
Xauusd buy confirm signal 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 2519
Support 2530
Support 2535
Resistance 2512
Resistance 2505
XAUUSD: Price will likely to continue rising up towards 2558$! Dear Traders,
Price is likely to continue rising up towards 2558$ as price has been consolidating since last few days. Sellers tried to take the price down but they failed to do it so and it reversed back from our previous buying entry point. We will having big news in coming days which will likely to shape the market and trend. Good luck.
Strategic Gold Plays: Maverick-Rabbit Precision in Key PatternsBased on your archetype, a combination of the Bold Maverick and the Analytical Rabbit, you have a natural tendency to take calculated risks while also ensuring that those risks are backed by thorough analysis. This hybrid nature likely drives you to engage in trades that have high potential rewards, but only when they meet specific analytical criteria.
Chart Analysis and Coaching on Your Positions
Overview:
Context: This is a 15-minute chart of XAUUSD (Gold vs. USD).
Structure: The chart shows a clear bullish trend with higher highs and higher lows. There are multiple channel formations, liquidity zones (LQZ), and key levels identified (including a 4H Over Ride/LQZ level).
1. Position Analysis:
First Entry - Inside the Ascending Channel:
Entry Reasoning: You likely identified the ascending channel as a bullish continuation pattern and entered within it.
Archetype Reflection: As a Bold Maverick, you're comfortable entering before a full breakout, assuming the trend continuation. However, as an Analytical Rabbit, you probably also considered the channel support before entry.
Coaching: This entry aligns with your dual archetype. You took the position inside the channel, expecting price to continue its upward momentum. However, consider tightening your stop loss in case of a fake breakout to protect your position.
Second Entry - Near the LQZ:
Entry Reasoning: You likely saw price approaching the Liquidity Zone (LQZ), expecting a bounce or reaction at this level.
Archetype Reflection: Analytical Rabbits love analyzing levels like LQZ, while Bold Mavericks might anticipate a reaction before confirmation.
Coaching: Good job recognizing the importance of the LQZ. You probably set a trailing stop to capture profit while letting the trade run. Just be cautious with overconfidence—always have a plan if the price moves against you.
Third Entry - At the 4H Over Ride / LQZ level:
Entry Reasoning: This level is crucial as it represents a 4H Liquidity Zone (LQZ), a significant potential reversal point.
Archetype Reflection: This is a classic Bold Maverick move—anticipating a strong reaction at a higher timeframe LQZ. The Analytical Rabbit side of you likely analyzed the 4H timeframe and identified this as a high-probability zone.
Coaching: This is an aggressive yet well-informed entry. Ensure your stop loss is adjusted to below the LQZ to minimize risk in case the market turns against your position.
2. Trailing Stop Loss (SL) Usage:
Position: You’ve used trailing stop losses, which is a smart move, especially given the bold yet analytical approach.
Coaching: Trailing stops can help lock in profits as the price moves in your favor. Ensure that the trailing distance is neither too tight (to avoid premature exit) nor too wide (to protect against significant pullbacks). This aligns with the Analytical Rabbit’s cautious nature.
3. Key Levels and Patterns:
Ascending Channel: The price is respecting the channel boundaries, which validates your initial entries.
LQZ & 4H Override: Price has shown reactions at these levels, indicating they are well-chosen.
4. Risk Management:
Balance Between Risk and Reward: Your trading strategy seems to balance the Bold Maverick’s appetite for risk with the Analytical Rabbit’s focus on minimizing unnecessary exposure.
Coaching: Given your dual archetype, keep refining your entry and exit points. Use the rule of three (waiting for confirmation after three touches on key levels) to align with your analytical side.
Conclusion:
Your trading approach is a robust mix of intuition and analysis. You're combining bold entries with a solid understanding of market structure. Continue to refine your strategy, especially in the context of multi-timeframe analysis and liquidity zones, to maximize your trading effectiveness. Make sure to always have an exit strategy and avoid letting the Maverick side take over without sufficient backing from the Rabbit’s analysis.
XAU / USD ! Sideway to growth over 2531 soonXAU / USD trend forecast August 29, 2024
"Gold prices (XAU/USD) are recovering on Thursday after hitting weekly lows below $2,500 per troy ounce. Expectations of US interest rate cuts could boost gold demand, as lower rates decrease the opportunity cost of holding non-yielding assets like gold. Political uncertainty in the US, geopolitical tensions in the Middle East, and global economic worries also support gold's upward trend.
However, a stronger US Dollar could pressure gold prices, making it more expensive for international buyers. Investors will focus on the second estimate of the US Q2 GDP on Thursday for insights into the Fed’s rate cut pace. Additionally, July's US Personal Consumption Expenditures (PCE) Price Index data, due Friday, will be closely watched."
The longer the sideway accumulation - the stronger the breakout. Wait for XAU to touch new ATH in late August 2024
/// SELL XAU : zone 2540-2543
SL: 2548
TP: 50 - 150 - 250 pips (2518 )
Safe and profitable trading
XAUUSD 1H SELL PROJECTION Reason for Bearish
Trading XAUUSD pair is popular among gold traders who seek opportunities in the fluctuations of gold prices relative to the dollar. This trading pair is influenced by factors such as supply and demand, economic data, geopolitical events, and central bank policies.
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. !
XAUUSD: Buy bullish in 2500-2505 area, target 2530Gold fundamentals:
The US dollar continued to fall, closing at a low of 100.55, and fell 3.2% in August, the largest monthly drop since November 2022, which significantly increased the attractiveness and demand for gold.
The market's expectation of a rate cut in September is almost a foregone conclusion. The current focus is on the possibility of a 50 basis point rate cut. Rate cuts usually reduce the opportunity cost of holding gold, making gold more attractive as an interest-free asset.
In addition, Powell's dovish signal at the Kansas City Fed meeting has boosted demand for non-US dollar wealth storage tools. Futures traders expect a cumulative rate cut of about 106 basis points in 2024, which further enhances the market's bullish expectations for gold.
At the same time, the escalation of geopolitical conflicts in the Middle East and Russia-Ukraine has intensified the market's risk aversion and further promoted demand for gold.
Gold technical aspects:
In yesterday's gold analysis, I clearly mentioned the support strength of the 2500-2505 area, and this area has resisted the decline for many times without breaking, so we can still continue to believe in the support of this area. If it retreats to this area during the day, you can consider buying again.
Of course, we still need to consider the precautionary actions after the break here. Combined with the above analysis, my trading strategy today is similar to yesterday, as follows:
First of all, the main bullish, as long as the gold price retreats to the 2500-2505 area, you can consider buying, the target is 2530, 2550
On the contrary, if it effectively falls below 2500, you can choose to sell near 2500. What needs to be noted here is the effective break, not the false break
If you have different opinions or questions, please speak up, let's discuss the latest ideas of GOLD together
XAUUSD:It could break through 2530
The price continues to fluctuate within the resistance zone. Looking at the 4-hour chart, both the indicators and the current pattern favor the bulls. If the price doesn’t break below the 2517-2511 area before tomorrow’s New York session, we can expect an upward move.
At the same time, the DXY is starting to show signs of forming a bottom, the likelihood of it moving in the same direction as gold is low. Once the DXY successfully bottoms out (which I expect to happen around the 99.5-99 level), it will likely mark the medium-term top for gold. At that point, the trading strategy should focus on selling at high levels.
XAUUSD: Short, target 2463-2452
Gold is fluctuating within the 2508-2519 resistance range, and indicators are starting to show weakness. A pullback is expected next week, and a second test of the resistance near 2519 cannot be ruled out. From the overall trend perspective, I lean towards the likelihood that it won’t break through, leading to a significant drop. The first major support during the decline is around 2500, followed by 2488-2477, and finally around 2452.
If strong resistance is encountered near 2520 and it fails to break through, a double top pattern could form, making a drop to around 2452 highly likely. Therefore, in next week’s trading, focus on observing the resistance and prioritize short positions.
The range of the fall increasesThe range of the fall increases
At the moment, the gold market is showing significant attention from investors amid geopolitical instability and inflation risks. Gold prices remain high as investors seek protection from potential economic downturns and uncertainty in the financial system. In addition, rising interest rates in the US could put pressure on the desired price level, leading to some volatility in the market. Analyzing data from fundamental analysis such as unemployment rates, GDP and inflation forecasts can help investors make more informed gold trading decisions.
XAUUSD: Bullish move has not yet finished! More Growth to come! OANDA:XAUUSD
Our last idea is going well and we still expect price to continue growing until it reaches our final; take profit area. However, we think that price is likely to do a small correction in two hours timeframe, after that we can see a continuous bullish move which will likely to take the price to another record high .
goodluck and trade safe!
XAUUSDTala time frame 15 minutes
After hitting the 15-minute swap zone, the price started to correct.
Currently, gold is bullish in the 4-hour time frame, but bearish in the 15-minute time frame. Now there was a drop of 15 minutes until the swap zone, and if we see the confirmation, we can enter buying positions. The best time to buy is when the price reaches the lower order block of the swap zone and will probably record higher targets.
Xauusd Gold consolidates before a sustained break above $2,530
Gold price has returned to the red but remains within this week’s familiar range above $2,500 early Wednesday. Gold price replicates the negative action seen during Tuesday’s Asian session, awaiting speeches from US Federal Reserve policymakers for fresh hints on the interest-rate outlook.
Gold buyers need to recapture the record high of $2,532 to take on the next key barrier at the $2,550 level.
Gold now buy 2510
Support 2515
Support 2520
Support 2532
Resistance 2500
xauusd buy stupHere is my analysis about the gold.
Please consider the risk management.
Lets see what will happen...
Good luck.
