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XAU/USD 12 September 2024 Intraday AnalysisH4 Analysis: Intraday analysis/bias remains the same as yesterday's analysis dated 11 September 2024. -> Swing: Bullish. -> Internal: Bullish. Following bullish iBOS price did not pull back to either H4 POI's or discount of internal 50% EQ which indicates XAU strength. Recent economic data, particularly from the US has influenced market sentiment such as softer US employment data leading to an expectation of a more softer approach from the Fed which typically supports Gold prices. Intraday expectation: Whilst price has continued bullish it is my concern that price did not pull back deep enough to grab liquidity in order to sustain a bullish push. Looking to the left price has made several failed attempts. Price should technically target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge. Nonetheless, I will continue with systematic rules of analysis. Technically price should target weak internal low, therefore, my bias will remain unchanged until M15 candle break and close above swing high. Price is currently reacting at another M15 supply zone. Intraday expectation: Price is close to extreme premium of internal 50% EQ. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong swing high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 12/9/2024 will the gold price continue to decrease Looking at H1, we see a complete Elliot structure has been completed including 5 main waves and 3 abc correction waves, I used purple to symbolize on the chart - Following a complete structure is a new trend that coincides with the main trend with a 5-wave structure - Currently, we predict that wave 1 in the new trend has been completed and wave 2 is being completed - The target area of ​​wave 2 I measured at the area of ​​2508 - 2505, we will use this price area as the target to BUY up according to wave 3 - At that time, we measure the target of wave 3 at least at the area of ​​2538 - 2541 and this price area will be our Sell target to catch the wave 4 correction down - I still reserve a case that the current price wave 2 continues to adjust according to the abc structure that has not ended, then we will have a target BUY at 2494 - 2491 Trading Plan BUY ZONE: 2508 - 2505 SL: 2498 TP1: 2516 TP2: 2525 TP3: 2532 BUY ZONE: 2494 - 2491 SL: 2484 TP1: 2500 TP2: 2508 TP3: 2520 SELL ZONE: 2538 - 2541 SL: 2548 TP1: 2531 TP2: 2525 TP3: 2517
OANDA:XAUUSDLong
by DEEKOP
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.
FOREXCOM:XAUUSD
by kripsonfx97
XAU/USD 11 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. On Tuesday 20 August 2024 price printed all time high. Thursday 22 August 2024 price printed a bearish CHoCH which indicated bearish pullback phase initiation. Printing of bearish CHoCH has also confirmed internal range. Thus far, over a period of 12-days, price has been unable break weak internal high which is an indicator that price may seek further liquidity before attempting to target weak internal high again. I would expect price to either react at discount of internal 50% EQ or Daily demand zone before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge. Nonetheless, I will continue with systematic rules of analysis. Technically price should target weak internal low, therefore, my bias will remain unchanged until M15 candle break and close above swing high. Price is currently reacting at an M15 supply zone. Intraday expectation: Price is close to extreme premium of internal 50% EQ. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong swing high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 11/9/2024 Is the uptrend over? Looking at H1 we see that we are currently expecting a purple abc wave structure to complete - With the target of wave C I identified at the 2525 - 2528 area, this is also our sell target price area - After the end of the abc correction wave I expect a 5-wave pattern in a downtrend to complete the larger orange correction wave 2. - At that time, I measured the end target of wave 2 orange at the price zone 2477 - 2474, which is also our BUY target - There is another case where wave 2 orange has completed at the price zone 2484, when the current trend will be a 5-wave uptrend structure and currently wave 1 in the new trend has a target of 2525 - 2528, then we will wait for the downtrend correction wave 2 to complete at the target of 2501 - 2498 and this is also our BUY target - I have listed all the possible plans for the current situation and now is today's trading plan SELL ZONE: 2525 - 2528 SL: 2535 TP1: 2520 TP2: 2508 TP3: 2500 BUY ZONE: 2501 - 2498 SL: 2491 TP1: 2508 TP2: 2520 TP3: 2529 BUY ZONE: 2477- 2474 SL: 2467 TP1: 2487 TP2: 2494 TP3: 2500
OANDA:XAUUSDShort
by DEEKOP
The world is optimistic, gold bounces strongly to the 2500 areaGold Price Forecast Experts expect that the opportunity of the Fed reducing hobby costs through 25 foundation factors is increasing, that could make gold charges prone withinside the close to time period. Ole Hansen, head of commodity method at Saxo Bank, predicts that the August jobs variety isn't always sufficient for the Fed to reduce through 50 foundation factors on September 18. This is not going to assist gold attain new highs. Christopher Vecchio, an analyst at Tastylive, predicts that regardless of short-time period volatility, withinside the lengthy time period, the treasured metallic will continue to be an appealing funding as worldwide authorities debt rises and hobby costs fall. --- XAUUSD sell 2515-2520 SL 2532 TP 2500 TP 2490 TP 2480 TP 2470 --- Buy/Sell Scenario: 🟢 Buy: * Break above 2529.27 with a full body candle close. * Retest of the bearish OB resistance line that failed on the 1-hour timeframe. * Formation of a bullish engulfing candle in the 5/15-minute timeframe to take advantage of a Buy opportunity towards 2550 and potentially higher. 🔴 Sell: * Retest of the bearish OB resistance line on the 1-hour timeframe at 2508.26. * Formation of a bearish CHOCH candle in the 5/15-minute timeframe with a full body candle close. * Retest of a bearish CHOCH candle to take advantage of a Sell opportunity towards 2470 and potentially lower.
OANDA:XAUUSDShort
by TheLeader_WOLF
XAUUSD: Bearish Strategy Amid Resistance Levels Today’s bullish trades have been relatively smooth, with the price now hovering near a key resistance zone. From a technical perspective, if a breakout occurs, the next upside target would likely range between 2510-2518. However, if the price fails to break through this level in the near term, there is a high probability that we will see a move towards the 2452 support area later this week. Overall, the primary focus for this week remains selling at higher levels.
OANDA:XAUUSDShort
by Mia-Signal
1
Key Levels and Targets for Gold Trading Following Friday's significant decline, gold's technical indicators are showing signs of recovery, suggesting a short-term buying opportunity at lower levels. The upper resistance zone is between 2508 and 2514, which appears strong based on current market conditions. The probability of a direct breakout above this zone is low. Therefore, if the price reaches this resistance area, consider short-selling opportunities. For this week, the initial short-term target for the downside is in the 2478-2472 range.
OANDA:XAUUSDLong
by Mia-Signal
XAUUSD 9/9/2024 Is the Downtrend Over? Looking at H1 we see a 5-wave structure has ended and then the price has decreased to the 2491 area. - Looking at the current price structure, we expect the price to create a new bullish structure larger than the current structure, which I denote as the orange structure - So with the 5-wave orange structure, we expect wave 1 to be completed - And now wave 2 I measure the target at the price zone of 2481 - 2479, this will be the target for us to BUY - I still do not rule out that the adjustment process is not yet complete because the adjustment process is only confirmed when the price surpasses 2532, so I still calculate the possibility that the price is still adjusting - At that time, the target price zone ends the adjustment at the price zone of 2435 - 2432, this will be our BUY target when the price breaks through 2471 Regarding the SELL zone, I see that there is a very large supply at the price zone of 2511 - 2514 This zone is determined by the Volume profile tool when the price touches this zone, there must be a supply absorption phase before it can continue to increase, so this will be our SELL target Trading plan BUY ZONE: 2477 - 2474 SL: 2467 TP1: 2487 TP2: 2497 TP3: 2510 BUY ZONE: 2435 - 2432 SL: 2425 TP1: 2453 TP2: 2471 TP3: 2410 SELL ZONE: 2511 - 2514 SL: 2521 TP1: 2499 TP2: 2487 TP3: 2477
OANDA:XAUUSDLong
by DEEKOP
Bold Maverick vs. Cautious Rabbit: XAUUSD Wedge Breakout BattleMaverick Approach: As a Maverick, you're always looking for opportunities to make aggressive moves when the risk/reward seems enticing. Here's what stands out: Retracement into a Key Support Zone: The price is pulling back near the lower support channel and hovering around 2,498.860, just above the earlier consolidation zone. A Maverick would see this as a potential buying opportunity, betting that price will bounce off this support level and move back toward the previous high around 2,531.861. Given the structure, it's a chance to enter a long trade while the market is still within the rising wedge. Action: Jump in for a quick buy at this level, looking to ride the bounce. Your bold side may put a take-profit target near the ATH or just shy of it, around 2,525 to avoid getting caught in the resistance zone. Stop-Loss Strategy: To protect from a breakdown, you'd want to place a tight stop-loss just below the wedge, around 2,490. The Maverick thrives on action, but with controlled risk in case the price falls. Rabbit Approach: The Rabbit focuses on digging deeper into the structure, ensuring everything is aligned before taking a position. Here’s how the analytical approach works: Rising Wedge and Bearish Implications: The rising wedge pattern you're trading within is typically a bearish signal. This pattern suggests a potential breakdown, especially if the price doesn't hold the current support level. The Rabbit would want to see multiple confirmations that buyers are stepping in before entering long. Waiting for a strong reaction or a higher low at the wedge boundary (around 2,490-2,495) would be ideal before considering a position. Caution: Be wary of a break below the wedge, which could signal a bearish continuation back down to 2,470.907 or even lower. Consolidation Zones for Reentry: The Rabbit would focus on the previous consolidation zone around 2,470.907, treating this as a potential re-entry point for longs if the price breaks the wedge support. That zone has shown strong buying pressure, making it a safer play. Plan: If price revisits this zone with a strong bounce, it would offer a much lower-risk buy with a greater reward potential, aligning with the Rabbit’s need for precision. Combined Strategy: Aggressive Entry (Maverick): Buy at the current level (2,498), targeting a bounce back toward 2,525 or higher, with a stop-loss under the wedge (2,490). This setup is more for short-term profits before any wedge breakdown occurs. Conservative Entry (Rabbit): Wait for confirmation at 2,498 or for a break below to re-enter near the 2,470 support. Ensure that the wedge pattern doesn’t break down entirely before committing to a long trade. Conclusion: For the Maverick: Act now if you see this as a low-risk bounce trade, aiming for quick profits near the ATH, but with the understanding that momentum could shift fast. For the Rabbit: Be patient, observe price action at key levels, and avoid chasing a move that doesn't align with the bigger structure. Waiting for a retest of 2,470 or a clear bounce is your higher-probability play. Whichever archetype you're channeling, stay sharp, and don’t let emotions get in the way!
OANDA:XAUUSD
by MommaPreneur
Strong level / best time to sell on correction from the level (all signals on real account ) The situation with gold (XAU/USD) is currently characterized by several key factors that affect its value. First, the gold price often reacts to changes in economic data and the political environment. The unpredictability of global financial markets, inflation, and changes in U.S. interest rates particularly affect the demand for gold as a safe haven. Second, there has been a recent increase in interest from central banks in gold holdings as they seek to diversify their foreign exchange reserves. This could lead to additional demand for gold in global markets. In addition, a strengthening US dollar usually has a negative impact on gold as it becomes more expensive for holders of other currencies. At the same time, geopolitical instability and conflict situations can contribute to the rise in prices for the precious metal as investors look for ways to protect their assets. At the moment, volatility in XAU/USD quotes can be observed, which creates both risks and opportunities for traders. Technical analysis shows important support and resistance levels that can influence further price movement.
FXOPEN:XAUUSDShort
by seventhlab
XAUUSD: SELL@2514-2528 Gold has a significant support level around 2488. If it breaks this level again, the price is likely to fall further to around 2452. Tomorrow's NFP (Non-Farm Payrolls) data will be released, and given today's ADP data being bullish for gold, there is a high probability that tomorrow's NFP data will also be favorable for gold, barring any unexpected outcomes. However, it is important to watch the market before the data release—if there is an early rally, there is a possibility that the price may see a brief spike after the data release, followed by a sharp decline. If the data comes in surprisingly negative and is bearish for gold, a short position can be taken directly.
OANDA:XAUUSDShort
by Mia-Signal