GOLD Broke The Res , Best Place To Buy Clear Now To Get 500 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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XAUUSD M30 IdeaGold Prices Record High Amid Fed Rate Cut Speculation
- Gold reached an all-time high of $2,586 per ounce last week, rising over 3.25% as speculation grows about a potential U.S. Federal Reserve rate cut.
- Traders are betting on a larger-than-expected cut, potentially 50 basis points, to stimulate the economy, which has been impacted by inflation concerns and global uncertainty. This surge marks gold’s strongest weekly gain since mid-August.
• Rate Cut Expectations Drive Gold’s Rally
- The likelihood of a 50-basis-point rate cut has grown to 50%, up from just 14% earlier in the week.
- Speculation surrounding aggressive Fed action has boosted gold’s appeal, as lower interest rates make non yielding assets like gold more attractive.
• Support from U.S. Dollar, Bond Yields, and Global Easing
- Despite gold's rise, the U.S. Dollar Index saw a slight gain, while bond yields fell, with the 10-year Treasury dropping 2.1 basis points. Lower bond yields decrease the opportunity cost of holding gold, further driving its appeal. Meanwhile, global monetary easing, including a rate cut by the European Central Bank (ECB), and increased gold reserves by central banks, especially in emerging markets, have added to the metal's strength.
• Looking Ahead: — Gold’s Outlook
- All attention is now on the Fed’s upcoming meeting, where a rate cut is widely expected.
- The market anticipates a 25-basis-point reduction, though there’s a 49% chance of a larger 50-basis-point cut. A larger cut could push gold prices above $2,600 per ounce. The Fed will also provide projections on future rate cuts, which could suggest further easing in 2024, supporting gold’s bullish trend.
- In the short term, gold prices are likely to remain strong, with the possibility of testing new highs depending on the Fed’s actions.
- If the central bank continues to ease monetary policy and inflation moderates, gold could remain a favored asset, particularly if bond yields remain low.
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024
🔥 World situation:
Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%.
CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%.
🔥 Identify:
Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638
🔥 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: $2602, $2638, 2676
Support : $2559, $2531, 2505
🔥 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
The historic high in the value of gold. Where to next? The historic high in the value of gold. Where to next?
At the moment, the situation on the XAUUSD (gold vs. US dollar) market is showing interesting and volatile movements. In recent weeks, we have seen price fluctuations due to a number of factors such as changes in the monetary policy of the US Federal Reserve, global economic instability and increased interest in safe assets amid geopolitical risks.
Gold prices often react to news about inflation and interest rates. When expectations of rising interest rates increase, this can put pressure on gold prices as precious metals do not generate interest income. However, when uncertainty in the economy or risks increase, investors seek safe haven assets such as gold, which usually drives prices higher.
XAU / USD ! Upward price trend awaits ! 4th quarter 2024🔔🔔🔔🔔 NOTE
XAU/USD overview: in September 2024
🔥One thing worth noting:
✅7 resistance tests: 2528-2531
✅3 times support testing: 2472-2470
Another very important price zone at the end of 2024. Decide the future trend for Gold
🔥With 7 resistance tests: shows that buyers have the majority - overwhelming. However, it cannot be overcome. NOVA thinks the main reason is because large funds - coordination of countries want to adjust prices to reach ATH at the appropriate time (for example: September interest rate reduction, November US presidential election).
🔥Technical H4 frame: supports a very nice Uptrend
🦋🦋Technical - economic / political combination. To decide the appropriate trend and time
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NEW ATH: 2560 - 2590 - 2650
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⭐️ 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: Next target $2600, Swing Buy OnlyOANDA:XAUUSD
Our last few trade setups have invalided on gold as price dropped further than what we had expected initially in our chart, however, our bias remain the same. We still think that price will grow or rise further. And there is high possibility of price reaching 2600$ region if the news support our idea on Friday Until then we wish you all the best and good luck in trading.
#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.
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!
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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