1:5 risk to reward buy setup for GoldCore Analysis Method: Smart Money Concepts
Here’s the analysis based on the Smart Money Concepts methodology:
😇 7 Dimension Analysis
Time Frame: 5M
Swing Structure:
The market structure is strongly bullish with liquidity resting in a key area at the extreme POI. The Inducement has been taken, and the corrective swing move has reached its lowest levels, showing two pullbacks. The internal structure supports this corrective move, with Order Blocks (OB), Sell Order Blocks (SOB), Fair Value Gaps (FVG), and liquidity marked as Points of Interest (POI) in the Discounted zone, making this setup powerful.
Support & Demand are also located in the POI zone, making this setup favorable for bullish momentum.
Pattern:
🟢 Chart Patterns:
A Rectangle pattern is forming, so patience is required to see how it plays out.
🟢 Candle Patterns:
Candle patterns will be considered once the price reaches the POI.
Volume:
No notable volume observations at this point.
Momentum RSI:
Skipped for this analysis.
Volatility Bollinger Bands:
Skipped for this analysis.
Strength ADX:
Skipped for this analysis.
Rating: ⭐⭐⭐ (3 Stars)
Probability: 50%
The probability is moderate, indicating a balanced risk/reward scenario.
✔️ Entry Time Frame: 5M
✅ Entry TF Structure: Bullish
☑️ POI: Extreme unmitigated OB
💡 Decision: Buy Limit
🚀 Entry: 2494
✋ Stop Loss: 2484
🎯 Take Profit: 2545
😊 Risk to Reward Ratio: 5 RR
🕛 Expected Duration: 1 Day (D1)
SUMMARY:
This setup on the 5-minute timeframe suggests a potential buying opportunity as the market is in a bullish structure, and key Points of Interest align at the Discounted zone. The Rectangle chart pattern forming adds to the likelihood of a potential move. The trade setup has a moderate probability with a 5:1 risk-to-reward ratio. The entry is planned at 2494, with a tight stop loss at 2484 and a target at 2545. Given the lack of significant volume, momentum, volatility, and strength indicators, this trade is more speculative and should be monitored closely as the price approaches the POI.
Xauusdbuy
XAUUSD: Buy again during the wait for the pullbackGold Market Fundamentals:
The current rise in gold prices reflects the market's intense focus on Fed policy. The market widely expects a rate cut in September, with a 77.5% chance of a 25 basis point cut and a 22.5% chance of a 50 basis point cut, which supports gold prices. This week's focus is on the Fed's policy minutes and Powell's speech at the Jackson Hole Symposium, which will provide crucial insights into future monetary policy and influence gold's direction.
Despite gold hitting new highs, several Asian banks have received new gold import quotas from central banks, indicating increased demand for safe-haven assets. The stalemate in negotiations between Israel and Hamas, along with Israel's attacks on Hezbollah in Lebanon, has escalated tensions in the Middle East, further boosting demand for gold.
Gold Market Technicals:
Gold has reached a new all-time high today, with no resistance above. As long as bullish momentum outweighs bearish pressure and there are no significant news events, prices are likely to continue rising. On the downside, focus on support near previous highs and the 2500 level.
Trading Strategy:
Based on the above analysis, maintain a bullish outlook today. Continue to approach high-level trading with caution, waiting for pullbacks to buy within the lower support range rather than chasing the rally.
Support Range: 2500-2508, 2460-2475
Resistance Range: No resistance at historical highs
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
#XAUConfirming the peak at 2531, adjustment or further increase?Gold analysis on August 21, 2024:
After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still expected.
The trading trend today remains SELL.
Key price areas to note:
SELL zone: 2520 - 2525 and 2529 - 2533;
BUY zone: 2502 - 2507 and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2521 - 2523
SL 2526
TP 2518 - 2510 - 2500 - 2490.
Plan 2: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2490 - 2480.
Plan 3: BUY XAUUSD zone 2490 - 2492
SL 2486
TP 2495 - 2500 - 2510 - 2520.
Xauusd Gold price is on the front foot above $2,510 in Wednesday’s Asian trading, consolidating the previous upsurge to a new all-time high of $2,532. Gold traders take account of broad risk-aversion and refrain from placing fresh bets ahead of the Minutes of the US Federal Reserve July meeting due later on Wednesda
Gold remains poised to test $2,550, with eyes on Fed Minutes
Gold now buy 2516
Support 2530
Support 2541
Resistance 2510
Resistance 2499
GOLD - Rockin' Higher (MACRO BULLISH!!!!)From a macro perspective, the bullish trend has just been confirmed. With the current worldwide uncertainty regarding monetary policies, the wars going on and the political conflicts people tend to swift towards safe havens like gold since their store of value does not deteriorate in an economic crisis, it's always on demand and easily convertible. History doesn’t repeat itself but it certainly rhymes.
We have two active Time at Mode weekly bullish trends.
First trend expires mid September with the highest target of $2,900.
Second trend expires in November with the highest target of $3,100.
Combining both short and longer term trends, we could easily expect price continuation toward $3,000's by the end of the year.
XAUUSD: Confirm support at 2480 before deciding on tradingGenerally speaking, after a sharp rise, if there is no special news, it will repeatedly step back to the support to determine whether it is possible to continue to rise. On the other hand, the current price is at a historical high, and it is hard to say that it will not fall by about $100 like the last time it broke through the historical high, so our transactions must be treated with caution.
If it continues to rise next, as mentioned above, it is necessary to determine where the support is.
From the 1-hour chart, the support below is far away, and only 2480 is an important support level. This is the previous resistance area and near the previous high of last month. At the same time, this support was also verified when it was stepped back last Friday. In addition, from the Fibonacci retracement of this rise, 0.618 is also at 2480.
After determining the support, we will know what to do next. Now the price is still at 2500. It is safe to wait for the support to be determined. If you are more aggressive, you can also make a small position Sell order before that. Once the support is determined, we can buy near 2480.
XAUUSD: Continue to go long after the gold price pulls back.Strong support position 2458-2464.
The first buying point is around 2370.
The second buying point is around 2464
The third buying point is around 2458.
The upper space. Without the influence of the dominant news, the target is 2480. If there is a positive impact of the dominant news, the target is 2500. COMEX:GC1! OANDA:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
Make it easy to make money trading gold
#xauusd
Today is August 19, 2024. Monday.
Last Friday, gold broke through a record high. I also circled the price for everyone before gold rose. It was perfect.
Today, I still give you some trading prices for your reference:
It will be profitable whether you sell or buy
Sell:
xauusd sell 1: 2418-2422
xauusd sell 2: 2429-2432
Buy:
xauusd buy1: 2492-2396
xauusd buy2: 2477-2381
You can trade and profit according to these prices. Please don't be greedy. There are many trading opportunities.
If you like my analysis and signals, or use the signals to make a profit. Please like me and join me
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Officially reached over 2500! NEW XAU ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/19 - 9/23/2024
🔥 World situation:
Gold (XAU/USD) surged to a new record high above $2,490 on Friday during the US session as investors remain confident that the Federal Reserve (Fed) will cut interest rates in September, despite Thursday's stronger-than-expected Retail Sales data.
Earlier in the day, gold had pulled back after testing a key resistance level around $2,470, a point it struggled with earlier in the week. The pullback was driven by the July US Retail Sales report, which showed a 1.0% month-over-month increase, far exceeding the 0.3% forecast and reversing June’s revised 0.2% decline.
🔥 Identify:
Gold price hits all-time high of 2509. Optimism for all markets as September interest rates near
🔥 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, $2560
Support : $2490, $2465, $2430
🔥 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 Where it is going first?**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 last week (Monday—5th August 2024).
**Weekly Chart**
The last weekly candle closed as a bullish fakey candle (or low test in the supply zone), indicating a solid buy around 2400 levels for 300 pips up. However, the price must still break the low at around 2360 levels before it pushes strongly upwards. This week, we will examine the price movement for a better entry setup to buy from the demand zone.
**Daily Chart**
Friday's candle closed as an indecision doji after testing the IPA (or FVG candle), indicating an indecision move after large buys from the previous day. This week, I would like XAUUSD to move lower first to test the liquidity pool generated around the 2,360 level. This level has created a great buying opportunity before the price moves higher and creates a new high.
Will gold rise to 2530 today?
If gold breaks through 2498, then the price that gold will gradually break through is
1/2505-2507 (if the price does not stop rising, it will continue to break through)
2/2518-2523, you can try to sell a small amount at this price
3/2530-2533 I think the highest point of the price if it continues to rise today
You can trade according to this price range
XAUUSD: Return to the support area and consider whether to buyFriends in the channel know that my strategy has a high accuracy rate, even if it is not 90%, it is at least 80%. We achieved good results with our two short sales of gold yesterday. At the end, I made it clear that if the gold price breaks through the resistance range, it will test new historical highs again. Now the gold price is moving towards this prediction. Let me first explain that although I am bullish, the price is at a high level now, and I will definitely not choose to chase the rise.
On the one hand, there will be 4 data released today, which has high uncertainty, and the market is very sensitive to data after the bombardment of data in the previous few days. Once the data does not meet expectations, it will fluctuate greatly.
On the other hand, today is Friday, and it is hard to say that it will not fall by tens of dollars again like the previous Friday.
Therefore, we must respond carefully today, just like I said before, "Don't do uncertain market, forced trading is very easy to lose money." This sentence is also for everyone!
From a technical point of view, the Fibonacci retracement 0.5-0.618 line is in the range of 2459-2464, so I think the best place to buy today is here, or even lower. If nothing unexpected happens, I will intervene in this range.
Resistance: above 2476
Support: 2450, 2430
Adjusting to go up - waiting for Gold to breakout⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) experienced a sharp intraday drop of over 1.5% on Wednesday after coming close to the record high. This decline followed the release of US consumer inflation data, which showed a downward trend in inflation and reinforced expectations for the Federal Reserve (Fed) to begin cutting rates in September. However, investors reduced their expectations for aggressive rate cuts, leading to a modest rebound in the US Dollar (USD) from its recent multi-month low, which put pressure on gold.
Despite this, concerns about a potential escalation of conflict in the Middle East helped limit gold's losses, providing support around the $2,438 level. The precious metal recovered about $10 from its daily low and gained some momentum during Thursday's Asian session, though continued USD buying is capping significant gains. For now, XAU/USD appears to have halted its two-day losing streak as traders await US Retail Sales data and other key economic reports later on Thursday for fresh direction.
⭐️ Personal comments NOVA:
It is inevitable that liquidity is swept from the 2441 zone, sideways around the price zone of 2441 - 2461 to be able to increase strongly next.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2426 - $2424 SL $2419
TP1: $2435
TP2: $2450
TP3: $2462
🔥SELL GOLD zone: $2459 - $2461 SL $2464
TP1: $2455
TP2: $2448
TP3: $2440
🔥SELL GOLD zone: $2484 - $2486 SL $2491
TP1: $2478
TP2: $2470
TP3: $2460
⭐️ 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 long FUNDAMENTALLY;
persistent inflation concerns drive investors to gold
geopolic tensions make gold as a safe haven
cpi came as negative which devalue from the dollar
technically ;
BULLISH TREND
BREAK OF THE SUPPLY AND DEMAND ZONE
A DEEP RETEST ON THE DAILY zone
PRICE ABOVE THE SMAES
HIGH BULLISH VOLUME
PRICE IS ON A MONTHLY S/D ZONE
M LOOKING FOR SHRINKING CANDLES
MULTIPLE REJECTIONS
FEB RETRACEMENT EITHER 368 OR 50
A LONG WICK DOji CANDLE ON THE 4H FOR my ENTRY SIGNAL
1H DOUBLE BOTTOM
30M ENGULFING OR A VARIATION CANDLE
RM;
1%RISK
4.1 RRR
SCALING IN USING BOH setup while trailing in my stops
ps advice :
follow your plan and only
think of the setup itself not the money
manage risk vs reward
XAU/USD: Don’t chase the highs, beware of retracement risksGold market fundamentals:
The market believes that the Fed will definitely cut interest rates in September, but the uncertainty is whether it will be 25 basis points or 50 basis points.
The decline in U.S. bond yields and the low dollar index make gold more attractive to investors holding other currencies, providing some support for gold prices.
In addition, the geopolitical situation in the Middle East remains tense, which also provides safe-haven support for gold prices.
Technical aspects of the gold market:
With the rise of today's Asian and European sessions, the gold price is now above 2440 points, and the resistance of 2430-2440 has been broken. The nearest resistance above is the previous high of 2458. From the trend of the daily chart, the 4-hour chart and the 1-hour chart, it is an upward trend, so it is sufficient to continue to be bullish in the general direction. In the short term, due to the pull-up of today's Asian and European sessions, the price is at a high level. I think it is very likely to rise again after a correction in the short term.
Trading strategy:
I will not chase the rise today, but consider buying when waiting for the pullback support.
Support range: 2425-2435
Resistance range: above 2458
Daily risk data: US New York Fed 1-year inflation expectations in July
CPI data comes, gold price is expected to exceed 2500Judging from the current gold price, I think it is of little significance to refer to technical indicators.
From the hourly chart, it is not difficult to see that gold has been fluctuating in the range of 2458 lows and 2475 highs in the past two days, and this state is very likely to change after the release of CPI data in 1 hour.
The current gold price shows an obvious bullish trend under the influence of geopolitical crises, interest rate cuts and other factors, and the safe-haven demand and attractiveness of gold prices are still increasing. In the short term, the price is very likely to break through the historical high and stand firm at the 2500-point integer mark.
The release of CPI data will not have a great impact on the current bullish trend of gold. If it is bullish for gold, the bullish power will be released directly, directly to 2500 points. If it is bearish for gold, the bullish power will be significantly stronger than the shortish power. This situation will not cause gold to turn downward.
Therefore, my strategy today must be mainly bullish. Here are two ideas for your reference. The first is to buy directly at the current price and wait for the price to rise. The second is to wait for the data to be released. If you are bullish, you can directly chase the rise, and if you are bearish, you can wait. Buy at the low point after the negative power is released
Can't go wrong with GOLD in this environment?XAUUSD price is forming a symmetrical triangle, and approaching record high territory.
Triangle Continuation pattern and the buy entry will be formed if the price latter break above the short-term downtrend line.
Can't go wrong with GOLD in this environment?