#XAUUSD: 900+ big move in making| Do not miss out| Setupsfx_OANDA:XAUUSD
Gold has been accumulating since past few weeks and it has now reached an exhaustion point where we expect a breakthrough taking out buy side liquidity and creating a record higher high. Since last three days we have been waiting for an outbreak since it did not happen last week even with help nfp. Now looking at how price is behaving we are confident enough that price is going to breakthrough the accumulation phase. As always this is not a guarantee and should only be used for secondary bias, do your own analysis before taking any trade on any instruments. Good luck.
Xauusdbuy
XAUUSD: Price is Moving as we had predicted in previous chart! Dear Traders,
We had predicted the last bullish move that occurred from 2430 to 2500 as we had explained why we think that price will move big from 2430 region. Now, as the price in final phase of AB=CD pattern, last CD pattern move will be crucial for us to reach our final target which will be 2550. Good luck.
PPI ! Catalyst for Uptrend ! XAU INCREASE⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) have pared some intraday gains but remain above the $2,500 mark during early European trading on Thursday. Wednesday's US Consumer Price Index (CPI) report showed persistent inflation, dampening hopes for a larger Fed rate cut. This boosted US Treasury yields and the Dollar, weighing on gold.
A positive tone in equity markets also limits gold’s upside. However, expectations of a Fed rate cut in September, and more easing later this year, help support prices. Traders are cautious, awaiting the US Producer Price Index (PPI) for further direction.
⭐️ Personal comments NOVA:
The long-term frame supports the Uptrend. We hope to see a new ATH soon
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2503 - $2505 SL $2498
TP1: $2510
TP2: $2520
TP3: $2530
🔥BUY GOLD zone: $2492 - $2490 SL $2485
TP1: $2497
TP2: $2503
TP3: $2510
🔥SELL GOLD zone: $2543 - $2545 SL $2550
TP1: $2535
TP2: $2520
TP3: $2510
⭐️ 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
XAUUSD: USD exchange rate today (September 11): Domestic and intUSD exchange rate today in the world
The USD increased slightly compared to some major currencies in the last trading session, consolidating the gains at the beginning of the week, ahead of important inflation data.
Safe-haven currencies such as the yen and Swiss franc also rose amid sharp declines in bank stocks, after the US Federal Reserve's managing director outlined plans to increase capital of large banks by 9%.
XAUUSD | GOLDSPOT | New perspective | follow-up detailLast week, Gold (XAU/USD) remained range-bound, trading within the $2,510 and $2,530. This followed a rebound fueled by weak Nonfarm Payrolls data, which showed a significant slowdown in US hiring.
Traders reacted quickly, with Fed interest rate cut probabilities fluctuating. At one point, a 50 bps cut was priced in with 70% odds, but by the end of the week, a 25 bps cut became the most likely scenario.
Adding to the dovish sentiment, several Fed policymakers, including John Williams, Christopher Waller, and Austan Goolsbee, have signalled their openness to easing monetary policy.
With the Fed leaning towards rate cuts, what does this mean for Gold's price in the coming week?
Join me in this video as I analyze the latest developments and discuss the potential path for Gold.
XAUUSD Technical Overview:
This week, we're focusing on the $2,485 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#GoldPrice #XAUUSD #Forex #MarketAnalysis #FedRateCut #GoldOutlook #TechnicalAnalysis #NonfarmPayrolls #CMEFedWatchTool📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
XAUUSD 30M TRIANGE BREAKOUT PROJECTION 12.09.24Reason for Bullish In Gold
Any change in its demand anywhere in the world, either for jewellery or as an industrial input, affects the price of gold. The increase in the price of gold is directly proportional to the demand for gold and consumer goods. A crucial factor determining this demand-supply, is the production of gold.
A sharp reaction to the news A sharp reaction to the news
The XAU/USD market is driven by several macroeconomic factors, including interest rates, inflation expectations, geopolitical tensions, and overall risk sentiment in global financial markets. To understand how the price of XAU/USD might behave in the near term, let's examine the key factors at play:
1. Current Market Environment:
Global Inflation: Persistently high inflation typically supports gold prices as gold is considered a hedge against inflation. If inflation remains elevated, investors might continue to seek gold as a store of value.
US Dollar Strength: Gold prices are inversely related to the US dollar. A strong dollar can push gold prices lower as gold becomes more expensive for buyers in other currencies. Conversely, if the dollar weakens, gold prices can rise.
Interest Rates: Central bank policies, particularly the US Federal Reserve's stance on interest rates, play a significant role. Higher interest rates increase the opportunity cost of holding gold (which doesn’t pay interest), potentially leading to lower demand. On the other hand, a dovish stance or rate cuts support gold prices.
CPI! Gold price has a chance to reach ATH⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) have maintained a positive trend for the third consecutive day on Wednesday, hovering near the weekly high around $2,520. However, buying momentum is limited as traders await the US Consumer Price Index (CPI) data later in the day. This report will be crucial in shaping expectations for the Fed’s rate cut decision in mid-September, influencing gold's movement.
The anticipation of a Fed rate cut is putting pressure on the US Dollar, while weaker equity markets are supporting demand for safe-haven gold. Despite the cautious trading, the outlook remains bullish, with further gains likely if prices break above the $2,525 level.
⭐️ Personal comments NOVA:
Gold prices are gradually showing a more stable price increase - CPI opportunity for today's price increase
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2501 - $2499 SL $2494
TP1: $2510
TP2: $2520
TP3: $2530
🔥SELL GOLD zone: $2528 - $2530 SL $2535
TP1: $2520
TP2: $2510
TP3: $2500
🔥SELL GOLD zone: $2543 - $2545 SL $2550
TP1: $2535
TP2: $2520
TP3: $2510
⭐️ 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
CPI blockbuster data hits, will it break through or fall again?At present, the controversy over whether the Fed will cut interest rates by 25 basis points or 50 basis points in September is still uncertain. Since March this year, the US CPI data has continued to decline, and this CPI is the last heavy data before the Fed's September meeting, and it is also the last chance to shake the expectation of interest rate cuts. As of now, the market expects a 69% probability of a 25 basis point rate cut in September and a 31% probability of a 50 basis point rate cut. Therefore, the results of today's CPI data release are likely to affect the sharp fluctuations in gold.
Regardless of the results of today's data release, we must be cautious in trading, because the results of large fluctuations are difficult to judge. At the same time, in addition to the direct impact on the economy, it will also affect the expectations of interest rate cuts. At that time, the large fluctuations in gold prices up and down also need to be prevented.
As can be seen from the 4H chart, there is a strong resistance near the 2530 line. So far, it has failed to break through 7 times. Whether it will fall again or set a new high depends on the results of the CPI release.
Here I give the following trading strategies for your reference:
The first option is to sell at a high level, with a target of around 2505.
The second option is to wait for the price to fall back to around 2505 and buy.
XAUUSD CORE CPI NEWS FORCAST 11.09.24REASON FOR FALL
Core inflation is the change in the costs of goods and services, but it does not include those from the food and energy sectors. This measure of inflation excludes these items because their prices are much more volatile. It is most often calculated using the consumer price index (CPI), which is a measure of prices for goods and services.
Key Takeaways
Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors.
Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly.
Core inflation is important because it's used to determine the impact of rising prices on consumer income.
XAUUSD: Before CPI is announced, buy if 2500 does not breakFrom the hourly chart, we can see that the 0.5 Fibonacci retracement is 2507, and the swing level of 2500-2505 has now formed a breakout pattern, so this range has now turned into support. Now as long as it can break through 2507, the gold price is likely to form a high again and try to touch the 2530 line.
So far this week, the volatility is not large. The market seems to be waiting for tomorrow's CPI data. Before the release of CPI, there is almost no data that can affect the trend of gold. Therefore, I think before CPI, the support below is solid.
The key is to look at the 2500 integer mark. As long as it is not broken, I will be bullish before CPI.
Gold may hit around 2520 again before CPIToday's gold market seems a bit boring. Most of the time, it fluctuates in the 2502-2506 area. There is basically no trading space. Just now, gold stopped below 2510 during the rebound process, and the rise did not continue; and gold failed to fall below the 2500 mark during multiple declines, and the bullish potential still exists.
Just now, gold rebounded to around 2510, but I was not in a hurry to short gold. Because gold has rebounded since 2485, it has built a "W" bottom structure at the technical level to support the rebound of gold; and today, gold has tested the 2500 mark many times but has not fallen below it, proving that the "W" bottom structure support is effective, and gold may still continue to rise, and may even hit the area around 2520 again. This is also the reason why I am not in a hurry to short gold near 2510!
At present, gold is in a narrow range of fluctuations. On the other hand, it may also be waiting for the guidance of CPI data. Gold may try to hit the 2520 area again before the CPI is released; if gold tries to hit the 2520 area before the CPI data is released, then we will boldly short gold in the 2520 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. !
XAU ! 9/10 ! The uptrend continues.XAU / USD trend forecast September 10, 2024
Gold (XAU/USD) is exchanging hands above $2,500 on Tuesday, sticking within its familiar range of the last few weeks as traders assess the outlook for monetary policy and the future path of interest rates in the US, a key performance indicator for Gold.
Recent mixed US jobs’ data brought into doubt market expectations of the Federal Reserve (Fed) making an above-standard 0.50% (50 bps) cut to its fed funds rate at the September 18 meeting. This, in turn, had a negative impact on Gold, which tends to appreciate the more interest rates fall because that increases its attractiveness to investors as a non-interest paying asset.
Based on M30, resistance and EMA 200 line, TRENDLINE to set up SELL signal
/// SELL XAU : zone 2520-2523
SL: 2528
TP: 50 - 150 - 200 pips (2503)
Safe and profitable trading
The world is optimistic, gold bounces strongly to the 2500 areaGold Price Forecast
Experts expect that the opportunity of the Fed reducing hobby costs through 25 foundation factors is increasing, that could make gold charges prone withinside the close to time period.
Ole Hansen, head of commodity method at Saxo Bank, predicts that the August jobs variety isn't always sufficient for the Fed to reduce through 50 foundation factors on September 18. This is not going to assist gold attain new highs.
Christopher Vecchio, an analyst at Tastylive, predicts that regardless of short-time period volatility, withinside the lengthy time period, the treasured metallic will continue to be an appealing funding as worldwide authorities debt rises and hobby costs fall.
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XAUUSD sell
2515-2520
SL 2532
TP 2500
TP 2490
TP 2480
TP 2470
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Buy/Sell Scenario:
🟢 Buy:
* Break above 2529.27 with a full body candle close.
* Retest of the bearish OB resistance line that failed on the 1-hour timeframe.
* Formation of a bullish engulfing candle in the 5/15-minute timeframe to take advantage of a Buy opportunity towards 2550 and potentially higher.
🔴 Sell:
* Retest of the bearish OB resistance line on the 1-hour timeframe at 2508.26.
* Formation of a bearish CHOCH candle in the 5/15-minute timeframe with a full body candle close.
* Retest of a bearish CHOCH candle to take advantage of a Sell opportunity towards 2470 and potentially lower.
XAUUSD: Bearish Strategy Amid Resistance Levels
Today’s bullish trades have been relatively smooth, with the price now hovering near a key resistance zone. From a technical perspective, if a breakout occurs, the next upside target would likely range between 2510-2518. However, if the price fails to break through this level in the near term, there is a high probability that we will see a move towards the 2452 support area later this week.
Overall, the primary focus for this week remains selling at higher levels.
Key Levels and Targets for Gold Trading
Following Friday's significant decline, gold's technical indicators are showing signs of recovery, suggesting a short-term buying opportunity at lower levels. The upper resistance zone is between 2508 and 2514, which appears strong based on current market conditions.
The probability of a direct breakout above this zone is low. Therefore, if the price reaches this resistance area, consider short-selling opportunities. For this week, the initial short-term target for the downside is in the 2478-2472 range.
Strong level / best time to sell on correction from the level (all signals on real account )
The situation with gold (XAU/USD) is currently characterized by several key factors that affect its value. First, the gold price often reacts to changes in economic data and the political environment. The unpredictability of global financial markets, inflation, and changes in U.S. interest rates particularly affect the demand for gold as a safe haven.
Second, there has been a recent increase in interest from central banks in gold holdings as they seek to diversify their foreign exchange reserves. This could lead to additional demand for gold in global markets.
In addition, a strengthening US dollar usually has a negative impact on gold as it becomes more expensive for holders of other currencies. At the same time, geopolitical instability and conflict situations can contribute to the rise in prices for the precious metal as investors look for ways to protect their assets.
At the moment, volatility in XAU/USD quotes can be observed, which creates both risks and opportunities for traders. Technical analysis shows important support and resistance levels that can influence further price movement.
XAUUSD: SELL@2514-2528
Gold has a significant support level around 2488. If it breaks this level again, the price is likely to fall further to around 2452. Tomorrow's NFP (Non-Farm Payrolls) data will be released, and given today's ADP data being bullish for gold, there is a high probability that tomorrow's NFP data will also be favorable for gold, barring any unexpected outcomes. However, it is important to watch the market before the data release—if there is an early rally, there is a possibility that the price may see a brief spike after the data release, followed by a sharp decline. If the data comes in surprisingly negative and is bearish for gold, a short position can be taken directly.
NFP Data: Key Trading Opportunities for Gold
Gold has returned to around 2520, with resistance still quite evident. With only one and a half hours left before the data release, market volatility is expected to remain limited. Based on yesterday's data, the likelihood of today’s data being bullish is higher.
There are two trading strategies to consider: The first is to go long before the data release, but keep a tight stop-loss to guard against a surprise bearish outcome. If there’s a profit, close the position promptly. I estimate that if the data is bullish, the price could rise by approximately $15.
The second approach is to wait for the data release and then enter a short position, aiming for a medium-term trade. Given that the current price is already at a relatively high level, even if there is a spike after the data release, it will be challenging for the price to maintain a sustained upward trend.
Trading Area for Gold based on S/RMy idea is based on the Support & Resistance levels observed on 1H TF
I'm anticipating price bounce from the identified support areas (Support-1 & Support-2) My plan is to enter long position when the price reach these support levels and close the trade at the resistance level
Bias: Bullish
Entry: Long from the Support-1 & Support-2
Take Profit: at Resistance area
Stop Loss: Below Support-2
Good Luck