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Xauusdbuy

XAUUSD: NFP data is coming, how to make a trading plan?Yesterday's ADP data showed an increase of 99,000 jobs, the lowest since January 2021, significantly lower than the expected 145,000 and the previous value of 122,000. This provided a significant positive for gold. Fortunately, the subsequent initial jobless claims and two PMI data were negative, which suppressed the rise of gold and prevented the expectation of a consistent recession in all economic data. It is precisely because of this that the price of gold fell to our buying range of 2500-2505 and then rose again, giving us the opportunity to buy at 2505 and take profits at 2516. There are less than two weeks before the Fed's September rate cut, whether it is a 25 basis point or 50 basis point cut. Today's NFP data will play a decisive role. Everyone must pay attention to it. The fluctuation may be very large at that time. Everyone knows the importance of the monthly NFP data, and I don't need to explain too much. Therefore, today's technical reference is not as significant as the data. Everything has to wait for the results of the data release, so it is difficult to judge. Given the uncertainty in today's market, I can't give you a specific trading strategy in advance, because it needs to be adjusted according to the actual market conditions. But I prefer to wait for a pullback and buy bullish, or make a trading plan based on the data performance after the data is released. I hope the above strategy is useful to everyone. In fact, you can be more cautious and give up today's trading, or make a trading plan based on the specific market trend after the data is released.
TVC:GOLDLong
by AntonyTP
21
Go long gold!Today's NFP market is the highlight, and gold's performance in NFP is exactly in line with my expectations. First, I explained that I am optimistic about gold's rebound after the decline in the NFP market, and focus on the 2516-2512 support area and the 2505-2500 area. Before the release of the NFP data, gold just fell back to around 2512, and then rose to around 2518; after the release of the NFP data, gold instantly fell back to around 2508, and then rose sharply to around 2528. Basically, it meets my expectations that gold will fall back first and then rise. At present, gold has fallen back to the 2505-2500 area again, and the current lowest point has reached around 2503, retesting yesterday's rebound area of ​​2504. If the test support is effective, gold will rebound again. I expect gold to rebound to at least the 2515-2520 area. So I have decisively chosen to go long on gold. 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. !
OANDA:XAUUSDLong
by alongwineer
XAUUSD: The most likely time to set a new high is comingIn yesterday's article, we pointed out the importance of the support area of ​​2470-2480, and the trend of this decline is almost the same as that in August, so we bought bullish in this range, and the result was very good. Judging from the strength of the last rebound, the highest gold price tried to break through 2532. Similarly, I am optimistic that gold will test new highs again this time. In addition, there are many important economic data released today, and there will be a monthly NFP tomorrow. Once the data is good for gold, this time is most likely to refresh the historical high. From the 1H chart, we can see that yesterday's strong rebound has broken the downward trend, and today's Asian and European sessions have broken through the key resistance of 2500-2505 again. Now this range has turned from resistance to support. Trading strategy: Although we are very optimistic about gold today, we still cannot take the risk of chasing the rise, because once the gold price falls back to the support, there is a room for a decline of 10-15$. Therefore, today we'd better wait for the gold price to pull back to the 2500-2505 support area before buying. The target can be seen at 2520-2530, and after a new high, it can be seen at 2550.
TVC:GOLDLong
by AntonyTP
XAUUSD: The recent low has been confirmed, buy boldlyYesterday, the price of gold bottomed out and rebounded after falling to 2473. Now the price of gold has come here again. I think the low point of this decline is likely to be here. From the 4H chart, we can see that the range of 2470-2480 is the key resistance level that has not been broken in the previous many attacks. After breaking, it has turned into support. At the same time, during the correction last month, it also played a key supporting role, and its support strength has been verified yesterday and just now. In addition, the important data ADP and NFP data this week will not be released until the next two days, so it is unlikely to fall below this key support level before the data. Trading strategy: Since we have determined the short-term low, the choice for us is very clear. Buy in the range of 2470-2480. The first target is 2500-2505, and the second is 2520-2530. I have bought at 2480 and added positions at 2475. Now I can wait for the rise with peace of mind.
OANDA:XAUUSDLong
by AntonyTP
4
Long USOIL, short XAUUSD It's Thursday, and today is expected to be a highly volatile day in the markets. OIL has the EIA data release, while gold will be affected by the ADP employment report and initial jobless claims data, both of which will likely have a significant impact on price movements. Based on the already released API data, the upcoming EIA data is highly likely to be bullish for OIL. Therefore, the primary trading strategy today should focus on buying on dips. As I previously pointed out, both candlestick patterns and other indicators show clear signs of a bottom formation in oil prices. So, barring any unexpected events, today should be a day of gains. As for gold, with two important data releases today, I expect one to be bullish and the other bearish, primarily setting the stage for Friday’s NFP report. Therefore, today's trading range is expected to widen, with resistance around the 2506-2514 zone and support in the 2468-2452 region. From an overall perspective, short positions at higher levels offer better risk/reward potential. Hence, today's strategy should be to short first, then look for long opportunities on a pullback, and once the market rebounds, resume short positions after the upward move.
OANDA:XAUUSD
by Mia-Signal
Xauusd buy confirm signal Gold 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 2485 Support 2505 Resistance 2470
OANDA:XAUUSDShort
by JohnHarry_7
Continued correction from the level. Time to sell from the levelContinued correction from the level. Time to sell from the level. The gold market is currently characterized by high volatility and uncertainty. Gold is trading at levels that can serve as both support and resistance, depending on macroeconomic factors such as inflation, interest rates and global economic instability. Investors will turn to gold as a safe haven amid the risks associated with financial markets. Analysts are watching how gold prices react to news of changes in central banks' monetary policies, which could affect its value in the short and long term. There is also interest in gold as a hedge against a potential recession.
FXOPEN:XAUUSDShort
by seventhlab
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
OANDA:XAUUSDLong
by Nova-Scalper
6
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.
PEPPERSTONE:XAUUSDLong
by Thief_Trader
2
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.
OANDA:XAUUSDLong
by Mia-Signal
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.
FXOPEN:XAUUSDShort
by seventhlab
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! 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. !
OANDA:XAUUSDLong
by alongwineer
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
OANDA:XAUUSDLong
by AntonyTP
2
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
OANDA:XAUUSDShort
by JohnHarry_7