XAUUSD: From our previous analysis, price did early mitigationIn our previous analysis we stated that price could reach 2330 region and reject from there as we though price is finally going to fill the gap. However, it did not work out as we expected and price mitigated from early key level where previously price reversed from. We anticipating price to grow from the current region, a safe entry can be at 2308 from where we can see price reversing strongly. Good luck.
Xauusdbuy
#XAUUSD60 Does GOLD change direction after war news?Asia-Europe session analysis on July 31, 2024:
The news of war has broken the downtrend on the M30 timeframe, indicating a high probability that prices will reach the liquidity zone of 30-33 and then experience a slight decrease before continuing the upward trend.
However, on the H4 timeframe, closing and maintaining prices above the 2440-2445 zone is necessary for the uptrend to resume. The current analysis on the D timeframe still shows a downward trend. Today marks the end-of-month candle closing and is expected to bring unpredictable fluctuations.
Key price levels to watch are 2408 - 2410 and 2440 - 2445.
Recommended orders:
Plan 1: BUY XAUUSD zone 2408 - 2410
SL 2404
TP 2413 - 2423 - 2430.
Plan 2: SELL XAUUSD zone 2430-2433
SL 2435
TP 2427 - 2423 -2418.
CB factors help whether Gold price increases or not ??⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is having difficulty finding a clear direction today and is moving within a small range, approximately between $2,380 and $2,385, in the Asian trading session on Tuesday. The geopolitical tensions in the Middle East are providing some support to gold. Additionally, expectations that the Federal Reserve (Fed) will begin reducing interest rates in September, supported by a mild US inflation report last Friday, are acting as a positive factor for gold, which does not yield interest.
⭐️ Personal comments NOVA:
In the long-term H4 frame, prices are still in a downtrend - however economic news can contribute to a slight increase in Gold prices.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2353 - $2355 SL $2348
TP1: $2360
TP2: $2370
TP3: $2380
🔥SELL GOLD zone: $2410 - $2408 SL $2415
TP1: $2400
TP2: $2390
TP3: $2380
⭐️ 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 price recovered to $2400, sideway Monday⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) demonstrated strength below the 50-day Simple Moving Average (SMA) on Friday and made a slight recovery from a low point reached over two weeks ago. This upward movement occurred after the US Personal Consumption Expenditures (PCE) Price Index was released, indicating a modest increase in inflation in June. This development raised expectations for the Federal Reserve (Fed) to begin reducing interest rates soon. Following the inflation data, US Treasury bond yields decreased, weakening the US Dollar (USD) and supporting the gold, which does not provide interest yields.
⭐️ Personal comments NOVA:
Gold price recovered at the beginning of the week - world military news continues to influence gold price to recover to 2400, sideways this area is expected to continue below $2400
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2374 - $2372 SL $2367
TP1: $2380
TP2: $2390
TP3: $2400
🔥SELL GOLD zone: $2406 - $2408 SL $2413
TP1: $2400
TP2: $2390
TP3: $2380
⭐️ 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 prices rise on first trading day of late JulyOpening the first session of the week, Gold price has increased again to the 2403 zone. Because this week there is a lot of strong news affecting the market, this week I will recommend following the short wave. If there is a good point, I will hold it long, everyone.
Regarding the main trend, I am still following the direction with the Gold correction wave decreasing back to the 2300 zone.
As for the current candle force, GOLD is very likely to increase back to the 242x zone, everyone 👌👌
Regarding the trading plan for today, I will watch to Sell Gold around 2393>2396
SL 2398
TP 2390>2384
With the strong buying force when opening the first session of the week like this, it is easy to be a Fomo wave for a volatile week, everyone.
I will not watch to Buy Gold yet. If there is a good point and a good buying zone, I will recommend later. Wishing everyone a successful trading week 👌❤️
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Economists say the modern inflation facts is not going to forestall the Federal Reserve from reducing hobby prices for the primary time this 12 months. Markets are more and more more making a bet that the valuable financial institution will reduce prices in September at its assembly in early August.
The upcoming assembly will shed mild at the putting of the easing cycle, analysts at TD Securities stated. While Fed officers are not going to completely decide to a September fee reduce, they'll trace that the Fed is near one.
Along with cooling inflation, economists expect that slowing exertions marketplace profits will push the Fed to ease prices earlier than the stop of the 12 months. The CME Group`s FedWatch device places the percentages of a September fee reduce at 100%.
The Fed isn`t the best valuable financial institution maintaining a financial coverage assembly this week. The Bank of England is likewise because of announce its fee selection on Thursday. The Bank of Japan holds its financial coverage assembly later Tuesday.
Central financial institution moves withinside the coming months may want to have a profound effect on gold fees and monetary markets in general.
Gold Price Forecast
Kitco News` modern weekly gold survey suggests that specialists stay bullish.
Kelvin Wong, senior marketplace analyst at Oanda, stated he sees gold's correction as a charge motion inside a broader uptrend.
The Fed continues to be pursuing a coverage of prioritizing a fee-reducing cycle over a fee-hike cycle withinside the medium term, in step with the expert. The 10-12 months Treasury yield hovered beneath the important thing intermediate resistance degree of 2.05%. The fashion for gold stays bullish.
The DOWN wave has formed - NF next week determines the trend✍️ NOVA hello everyone, Let's comment on gold price next week from 7/29 - 8/2/2024
🔥 World situation:
Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some 0.80% as market participants seem secure the Federal Reserve will lower interest rates at the September meeting, following a soft inflation report. The XAU/USD trades at $2,385 after bouncing off daily lows of $2,356.
The US Bureau of Economic Analysis (BEA) revealed that the Fed’s favorite inflation gauge, the Personal Consumption Expenditure Price Index (PCE), ticked a tenth higher monthly than May’s data. It dipped as foreseen in the twelve months to June, though it’s at the brisk of hitting the Fed’s 2% goal.
🔥 Identify:
Gold price has formed a DOWN trend - wave 5 ELLIOT. Still in DOWN trend. NF data will largely determine the upcoming trend - before the interest rate cut information in September 2024
🔥 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: $2400, $2430, $2482
Support : $2355, $2320
🔥 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
PCE weekend news - Gold price tries to recover⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Meanwhile, XAU/USD demonstrated some strength beneath the 50-day SMA, buoyed by anticipation that the Fed will commence its rate-cutting cycle in September. This has kept the USD subdued below a two-week peak reached on Wednesday, helping Gold to draw in some buyers. However, upward momentum appears constrained as traders await the upcoming US PCE Price Index release on Friday, which could signal the Fed's policy direction. This data will likely influence USD demand and inject new momentum into the non-interest-bearing gold market.
⭐️ Personal comments NOVA:
Gold price H4 frame completes wave 5 ELLIOT, will sideways stabilize below 2400 creating more liquidity for the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2352 - $2354 SL $2347
TP1: $2360
TP2: $2368
TP3: $2375
🔥SELL GOLD zone: $2400 - $2402 SL $2407
TP1: $2390
TP2: $2380
TP3: $2370
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold Friday Trading Strategies and Signals
#xauusd
Today is Friday, July 26, 2024.
Today is the last trading day of the week. And there are many important data to be released today. So the volatility of gold today is very large. All the signals I sent out this week have been profitable. So today we need to be cautious or make a small profit to have a perfect week.
With gold falling 2351 yesterday and then rebounding. Plus today's news data is about to be released. The trend of gold is more complicated
I still give several trading prices:
The price range for buying gold:
buy: 2349-2353.5 (buy a small amount. Profitable. Because the volatility will change over time)
buy: 2329-2334 (gold falls sharply, then this signal may be triggered)
The price range for selling gold:
sell: 2389-2395 (if the first wave of gold stretches upward, then this price may be triggered. You can sell gold, sl set 2401)
sell: 2409-2413 (if gold accelerates, then trade according to this signal.)
Please set sl. And trade according to the signal. If you make a profit or like my signal. Please join me and give me a thumbs up. Thank you everyone. I wish you all a smooth trading.
XAUUSD: +2000 Pips Price is Forming AB=CD PATTERNDear Traders,
After looking at how price behaved since last week, we think there is a chance for price to drop to 2330$ which remain a crucial area where we can see reversal and potential a big buy opportunity. Wait for pattern to be completed once the pattern has been formed, we can see strong buying pressure kicking in the market. We wish you all the best and trade safe.
Good luck and trade safe!
XAUUSD Gold Technical Analysis and Trade Idea👉🔍 We can observe that XAUUSD (Gold) has been in a strong bullish trend recently. However, it has experienced a significant retracement into a key support zone. In the video, we discuss market structure, price action, the trend, and the fact that this has moved into a significant liquidity pool. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
GOLD DECREASED unexpectedly in the opening session🆕 market truth always surprises us. Gold according to us stocks, decreases thousands of points in mt5. Therefore, it is possible to take the psychological factor of the yuan influenced by the us stock market as a measure and judge that gold has reversed and broken the uptrend.
🆕 today, july 25, 2024: with current developments, no more commentary necessary, mainly focused on developments in asia, european stock market and gdp news, subsidy proposals unemployed tonight we are at 7:30 pm new comments.
⁉️ the chances for gold to rise tonight are decreased as it is expected to support the bounce back of gold in all us cks. Stock market has been pressured and decreased for the second consecutive day.
⁉️ asian and european session we watch the market waiting for the reverse point at 5-10 the price is selling down to the 62.63 area.
⚡️gold buy entry: 2360-2362 ⚡️
✔️tp 1: 2376
✔️tp 2: 2384
✔️tp 3: 2392
❌sl 2354
⚠️note: the market always makes us follow the goal order principles (sl-stop 5 prices) and be disciplined in trading.
⭐️ wish investors successful trading
What happen To Gold Is This A Pullback?In My Opinion Gold Need To Take The 4H FVG To Confirm Liquidity To Get More Sell But Gold Will Test Again 2318 Area And Will Short Sell To 2400 While Confusing retail Traders And Will Buy From 2400 Area To Back Nonstop 2440 To Get The FVG Then Will Happen What Need To Happen.
Will See In The Future
Gold Wednesday Trading Strategy
XAUUSD, today is Wednesday, July 24.
Gold broke through 2412. I think today gold may try to rise to the key price of 2429-2441
Give several suggested trading prices:
Gold sell:
XAUUSD sell:
Sell 2426-2429
Sell 2438-2441
Gold buy:
XAUUSD buy:
Buy 2393-2396
Buy 2381-2384
These are the key prices that gold needs to break through, so I think these prices are suitable for trading profit, please trade according to the settings when the prices arrive.
XAUUSD: Influenced by data and news, it is bullish todayOANDA:XAUUSD TVC:GOLD COMEX_MINI:MGC1! COMEX:GC1!
Gold fell back to the 2400 integer mark yesterday, and rebounded under the impetus of two favorable data, and the Indian government announced plans to reduce the import tariff on gold and silver from 15% to 6%. India's increased demand for gold may push up global gold prices, as India is the world's second largest gold consumer. Therefore, gold has finally ended the trend of falling for four consecutive trading days. Affected by the above news and data, gold is likely to continue to move upward in the short term.
This week, the focus still needs to be on the US second quarter GDP data released on Thursday, and the latest personal consumption expenditure (PCE) price index to be released on Friday, because this is the Fed's preferred inflation indicator. Only after these two data are released will the market really move in a new direction.
From the gold price hourly chart
The resistance range is: 2425-2430
The support range is: 2385-2390
Trading strategy: first bullish, then adjust according to real-time dynamics
Go long on gold! Target 2420-2430Yesterday, gold fell to around 2384, and then began to fluctuate and rebound. It has now touched around 2412 and then fell again, and is now hovering around 2400.
From a technical point of view, gold has formed a bottom pattern in the process of fluctuating and rebounding. Yesterday's low was 2384, and today's low was 2388. The lows are rising step by step, and it is trying to further break through yesterday's high of 2412. From the hourly chart, gold is very likely to follow a five-wave rising structure. The 2405-2400 area has become the top of the previous wave and is currently in a four-wave correction. As long as the current correction does not fall below the 2400-2395 area, there is no doubt that the next step is to break through the high of 2412.
At present, the upper pressure is in the 2420-2430 area, so there is a high probability that it will try to touch above 2420 today. So in terms of trading, I will still give priority to long 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. !
XAUUSD: 400+ Pips Buying Big Opportunity! Swing BuyOANDA:XAUUSD
Price has turned bullish as we suggested in our previous analysis, now we have strong confirmation that price will likely to hit the area of 2460 to 2470 where a huge number of sell volume would likely to reverse for a big swing selling entry. Good Luck.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold price today - "Forced to go down"Gold price July 23
Yesterday's gold price on the international market fell below the threshold of 2,400 USD/ounce when the USD increased in price and US stocks went green.
Yesterday, on Monday, gold price had an upward gap, opening the session to the 2412 area and then falling to 2384 on the same day.
amplitude is about 300pips around the threshold of 2412-2384
This move shows the hesitation of both buyers and sellers. Currently, based on candlestick and fibo models, potential selling pressure is still in the 2410-2413 area. If broken, we can start selling at 2422-2425.
City 07-95-85
SL 2417-2432
Buying force during the day refers to the area 2381-2384
TP 88-93-99
SL 2372
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⚠️ MARKET COMMENTS ⚠️
🟢 USD:
- If pending home sales and manufacturing index both increase, this will strengthen the USD due to expectations of strong economic growth and the possibility of the Fed maintaining or raising interest rates.
- If these indexes all decline, this could weaken the USD due to concerns about the economic outlook and the possibility of the Fed loosening monetary policy.
🟢 World gold price:
- If the USD strengthens due to positive economic indicators, gold prices may be under downward pressure because gold often fluctuates in the opposite direction of the USD.
- If weak economic indicators weaken the USD, gold prices may increase due to gold's role as a safe asset.
Gold continues to fall, is there still hope for bulls?Today, gold rebounded to around 2412 and then began to fall. The current minimum has fallen to around 2394. At present, gold is still in a weak position. But do gold bulls have no ability to counterattack?
I don’t think so. Gold has stopped falling in the 2395-2390 area many times, so there is still room for defense in this area. In addition, the recent continuity of gold is not strong. If gold can hold the 2395-2390 area, gold may still build a double bottom technical structure in the short term, thereby supporting gold to rebound upward. As for whether it can reach 2480, it is not certain now, but gold has the opportunity to rebound to the 2420-2430 area again.
So in terms of trading, we can appropriately consider going long on gold first, waiting for gold to rebound, and then looking for opportunities to short 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. !
XAUUSD: Buy at low price today, watch for rebound and riseGold rose strongly to around 2412 at the opening of the market this week. This is because Biden announced his withdrawal from the US presidential election, which led to the escalation of chaos in the election and caused market concerns.
After last week's decline, the shorts have been released. Today, I think there is a high probability of shock adjustment and rebound. This week, we need to pay attention to data such as PCE, PMI, and GDP. Before the data is released, there will basically be no large unilateral market.
Judging from this decline, the support strength near 2400 is not bad. We can make some short-term bullish signals around this line today. Pay attention to the pressure of 2420 and 2430 above. Pay attention to the support of 2390 and 2380 below.
XAU/USD Imminent gold buys from current price back upCurrently, gold remains very bullish, and this idea aligns with the pro-trend approach. I'm particularly interested in the 16-hour demand zone that caused a break of structure. I will be watching for a Wyckoff accumulation at this level or possibly at a lower demand zone. Regardless, we are approaching strong demand zones.
The plan is to take the price back up to a newly marked supply zone on the 15-hour chart. From there, I might consider possible sells, but for now, I’m focused on buys.
Confluences for GOLD Buys:
Price has broken structure to the upside and is continuing a bullish trend.
There is still a lot of imbalance and liquidity to the upside.
The 16-hour demand zone has been mitigated, and I'm awaiting a Wyckoff accumulation.
This is a pro-trend idea on both the higher and lower time frames.
Price has completed a retracement and appears poised to make a new leg to the upside.
P.S. If the price breaks this demand zone, I will expect it to mitigate a deeper demand level, such as the one on the 23-hour chart.
Can capitalists cause the market to fall sharply?
Go long at 2392-2395. The main operation is buying.
MCX:GOLD1! COMEX:GC1! NYMEX:WTI1! BINANCE:BTCUSDT COMEX_MINI:MGC1! OANDA:XAUUSD BINANCE:BTCUSDT.P TVC:GOLD
Biden's withdrawal from the election and Trump's election have become a hot topic as risk events.