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
Xauusdbuy
XAU/USD Gold Mines Robbery PlanMy Dear Robbers & Traders,
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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?
#XAUUSD/H4 Model 2 peaks appear, gold's correction rhythmAnalysis of the gold trend in the Asia-Europe session on 14/08/2024:
After forming a double bottom pattern at 2380, gold experienced a nearly 100-point increase. Yesterday, the PPI did not help gold break through the resistance zone of 2473-2475. If gold breaks the area of 2458-2460, it will officially confirm the double top pattern.
However, today's CPI is still a mystery. Is this a correction phase or just a fake breakout? The long-term trend remains a BUY, but short-term SELL trades can be made at the peak area.
Key price levels to watch: 2473-2475, 2444-2447, and 2430-2434.
Recommended orders:
Plan 1: SELL XAUUSD zone 2473 - 2475
SL 2479
TP 2468 - 2458 - 2445.
Plan 2: BUY XAUUSD zone 2444-2447
SL 2441
TP 2455 - 2468 - 2485 - 2509.
Plan 3: BUY XAUUSD zone 2430-2433
SL 2427
TP 2444 - 2458 - 2468 - 2509.
XAUUSD: Risk aversion heats up, continues to be bullishGold Market Fundamentals:
Yesterday, gold prices surged by over $40 due to escalating tensions in the Middle East, driving safe-haven inflows. Israel’s military actions in Gaza, potential Iranian retaliation, and Ukrainian attacks on Russia’s Kursk region have all heightened investor demand for gold. Additionally, the market's heightened sensitivity to geopolitical risks has increased gold’s appeal as a safe-haven asset. The market now sees a 49% chance of a 50 basis point rate cut by the Fed in September. Falling U.S. Treasury yields are also supporting gold prices.
Gold Market Technicals:
Technically, the uptrend remains strong. After yesterday's rapid price increase, gold is facing resistance at previous highs. According to Fibonacci retracement, the 0.786 level is at 2456, which has shown some support but not strongly. The next strong support area is significantly lower than the current price.
Trading Strategy:
I have bought at 2461, targeting 2480 and 2500
Support Range: 2456, 2435
Resistance Range: Around 2480
Intraday Risk Data: U.S. July PPI
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
XAUUSD: Updated View, Safe Heaven is on the rise! Dear Traders,
Our previous analysis that we had anticipated price to drop, however, price were accumulating during that time and we failed to idefitfy the pattern. However, now we expect price to reach and touch previous HH point, which will be a key area for most of the traders, whether price will be reversing back to the 2300$ region or 2500$.
Good luck and trade safe.
Tuesday's Profit Signals and Strategies
#xauusd
Yesterday, gold rose violently by 2423-2476=530pips
The several areas I gave rose violently after only a small profit.
Then it broke through the red area of my chart and rose along the arrow.
Today I give several trading areas:
buy xauusd1 2451-2454 is at the 0.5 line of the rising channel. (Gold rebounded once at 2458. Next observation)
buy xauusd2 2442-2445 0.618 line. Today's most suitable price range for buying and rising.
buy xauusd23 2431-2435 If gold is at this price. You can buy directly.
sell xauusd 2481-2485 The highest price in history. If the gold price reaches this range. You can sell. If it breaks through the line in my chart, then gold may continue to rise violently
Please refer to my resistance and support area trading. This way you can get some safe profits. Don't be greedy. Trading opportunities always exist.
If you trade profitably with my signals or you like my analysis, then please give me a thumbs up and join me.
#XAUUSD/H4 CPI today determines the long-term trend of GOLD.Analysis of the European - US session on August 13, 2024:
On the second day, we have seen a strong increase in all sessions. Gold has approached the old peak area.
Today's CPI news will determine whether a triple peak pattern will form and whether there will be a deep correction. A reversal creating a peak has appeared on H4. The trading trend today is mainly BUY. But caution is required in sensitive price zones like this.
Price areas to watch: Zones 2430-2434; 2444-2447 and 2481-2486.
Recommended orders:
Plan 1: BUY XAUUSD zone 2430-2433
SL 2427
TP 2440 - 2450 - 2470.
Plan 2: BUY XAUUSD zone 2444 - 2447
SL 2441
TP 2452 - 2460 -2470.
Plan 3: SELL XAUUSD zone 2483 - 2486
SL 2492
TP 2475 - 2450 - 2430 - open.
Gold Price Advances to Amid Rising Middle East Tension
Gold prices have surged to a one-week high, buoyed by a confluence of factors that have ignited investor interest in the safe-haven asset. For the third consecutive day, the precious metal has experienced upward momentum, driven primarily by geopolitical tensions in the Middle East and mounting expectations of interest rate cuts by the Federal Reserve.
The escalating conflicts in the Middle East have cast a shadow over global markets, prompting investors to seek refuge in gold. As a traditional safe-haven asset, gold tends to appreciate during periods of heightened uncertainty and geopolitical instability. The ongoing tensions in the region have heightened concerns about potential disruptions to oil supplies and the broader economic implications, thereby bolstering gold's appeal.
Simultaneously, growing speculation about a potential pivot by the Federal Reserve towards a more dovish monetary policy stance has also supported gold prices. As economic growth concerns persist, market participants are increasingly betting on interest rate cuts later this year. Lower interest rates typically benefit gold, as they reduce the opportunity cost of holding the non-yielding asset.
However, the upside potential for gold prices may be tempered by the overall positive risk sentiment in the market. While geopolitical tensions and rate cut expectations have provided a solid foundation for gold's rally, a generally upbeat market mood could limit gains. Investors are also likely to adopt a cautious stance ahead of the release of crucial US inflation data this week. The inflation figures will provide valuable insights into the trajectory of the US economy and the Federal Reserve's monetary policy path.
As the market digests the evolving geopolitical landscape and awaits key economic indicators, gold prices are expected to remain volatile in the near term. While the underlying fundamentals remain supportive, the potential for profit-taking and shifts in investor sentiment could introduce some headwinds.
Going forward, the interplay between geopolitical tensions, interest rate expectations, and overall market sentiment will be crucial in determining the direction of gold prices. Traders and investors will be closely monitoring developments in the Middle East, as well as economic data releases, for clues about the metal's future trajectory.
XAUUSD: Buy when it falls back to the support rangeGold market fundamentals:
Affected by this week's US economic data, according to the CME FedWatch Tool, the market currently has a 55.5% probability of the Federal Reserve cutting interest rates by 50 basis points in September, down from the previous 70%.
The increase in geopolitical risks in the Middle East has led to an increase in safe-haven demand (it is not convenient to explain in detail here, you can learn about the latest Middle East conflicts on your own)
Gold market technical aspects:
Yesterday I said that once the dense resistance range of 2411-2422 is broken, the potential for growth will increase. Now that the gold price has come above the resistance range, the dense resistance area has also turned into a dense support area. At the same time, this rebound has now formed an upward trend. If it can break through 2430-2440, then the gold price is likely to test the historical high again.
Trading strategy:
In the figure, 2416 is the previous high and the support of the lower track of the Bollinger Band. 2422 is the support of the middle track of the Bollinger Band and the Fibonacci retracement of 0.618. Therefore, I will buy if it falls back to the support range of 2416-2422 today, and I am bullish on 2430-2440.
Support range: 2410-2400
Resistance range: 2430-2440
Daily risk data: Canada's July employment (little impact)
Gold price recovers! Buyers dominate⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on Thursday's strong 2% gain and edged lower during the Asian session on Friday. A positive mood in global equity markets put some pressure on the safe-haven metal, but various factors should help prevent significant losses. Concerns over a potential Middle East conflict and expectations of larger rate cuts by the Federal Reserve (Fed) could support gold.
Dovish Fed expectations are also weighing on US Treasury bond yields and pulling the US Dollar (USD) down from its weekly high. This environment favors bullish traders and suggests that gold's likely direction is upward. Any further dip might be seen as a buying opportunity, especially with no major US economic releases expected soon. The market's attention will turn to the upcoming US consumer inflation figures, due next Wednesday.
⭐️ Personal comments NOVA:
Bulls dominate over the weekend - surpassing 2420, amid growing global military tensions
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2408 - $2406 SL $2402 scalping
TP1: $2415
TP2: $2422
TP3: $2430
🔥BUY GOLD zone: $2388 - $2386 SL $2380
TP1: $2395
TP2: $2410
TP3: $2420
🔥SELL GOLD zone: $2441 - $2443 SL $2448
TP1: $2430
TP2: $2420
TP3: $2410
⭐️ 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
Gold Rally – With Rate Cuts Near ✍️ NOVA hello everyone, Let's comment on gold price next week from 8/12 - 8/16/2024
🔥 World situation:
Gold prices continued to rise for the second consecutive day as traders remain confident that the Federal Reserve (Fed) might start easing policy at the upcoming September meeting. Rising tensions between Israel, Lebanon, and Iran also support gold ahead of the weekend. XAU/USD is trading at $2,432, up by 0.22%.
Recent US economic data indicates a slowing economy, though not enough to spark recession fears. Concerns following weak ISM Manufacturing PMI and July Nonfarm Payrolls (NFP) reports eased, as shown by the gains in US equities late in the New York session.
🔥 Identify:
Gold price recovers - important motivation for FED interest rate cut is getting closer - waiting for attention resistance zones next week: 2448, 2480, 2500
🔥 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: $2448, $2480, $2500
Support : $2405, $2387, $2352
🔥 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
XAU/USD (GOLD) Long from 2.390.000 back up My bias on gold remains bullish. Price has been reacting strongly to demand zones and imbalances, producing solid bullish candles. However, since price left a clean demand zone, I expect a small pullback into that zone for reaccumulation.
Once price gives a change of character to the upside in the 20-hour demand zone, I’ll look to buy back up to target the Asia high below the 45-minute supply zone.
Confluences for GOLD Buys:
- Price changed character to the upside, leaving a clean 20-hour demand zone.
- Liquidity above in the form of an Asia high.
- -Market structure is bullish on both higher and lower time frames.
Economic news and ongoing conflicts support GOLD longs.
P.S. After sweeping the Asia high below the supply, I expect a short-term sell opportunity around the 45-minute supply at 2,470.000. However, I’ll wait to see how price reacts.