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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
Breaking the main level for correctionBreaking the main level for correction At the moment, the gold market is characterized by increased investor interest due to global economic uncertainty, inflation risks and geopolitical factors. Gold prices remain high as it is traditionally seen as a safe haven in volatile times. In addition, currency fluctuations and changes in central banks' monetary policies are also impacting the market. Investors are actively monitoring economic data to forecast further movement in gold prices.
FXOPEN:XAUUSDShort
by seventhlab
Strategic Gold Plays: Maverick-Rabbit Precision in Key PatternsBased on your archetype, a combination of the Bold Maverick and the Analytical Rabbit, you have a natural tendency to take calculated risks while also ensuring that those risks are backed by thorough analysis. This hybrid nature likely drives you to engage in trades that have high potential rewards, but only when they meet specific analytical criteria. Chart Analysis and Coaching on Your Positions Overview: Context: This is a 15-minute chart of XAUUSD (Gold vs. USD). Structure: The chart shows a clear bullish trend with higher highs and higher lows. There are multiple channel formations, liquidity zones (LQZ), and key levels identified (including a 4H Over Ride/LQZ level). 1. Position Analysis: First Entry - Inside the Ascending Channel: Entry Reasoning: You likely identified the ascending channel as a bullish continuation pattern and entered within it. Archetype Reflection: As a Bold Maverick, you're comfortable entering before a full breakout, assuming the trend continuation. However, as an Analytical Rabbit, you probably also considered the channel support before entry. Coaching: This entry aligns with your dual archetype. You took the position inside the channel, expecting price to continue its upward momentum. However, consider tightening your stop loss in case of a fake breakout to protect your position. Second Entry - Near the LQZ: Entry Reasoning: You likely saw price approaching the Liquidity Zone (LQZ), expecting a bounce or reaction at this level. Archetype Reflection: Analytical Rabbits love analyzing levels like LQZ, while Bold Mavericks might anticipate a reaction before confirmation. Coaching: Good job recognizing the importance of the LQZ. You probably set a trailing stop to capture profit while letting the trade run. Just be cautious with overconfidence—always have a plan if the price moves against you. Third Entry - At the 4H Over Ride / LQZ level: Entry Reasoning: This level is crucial as it represents a 4H Liquidity Zone (LQZ), a significant potential reversal point. Archetype Reflection: This is a classic Bold Maverick move—anticipating a strong reaction at a higher timeframe LQZ. The Analytical Rabbit side of you likely analyzed the 4H timeframe and identified this as a high-probability zone. Coaching: This is an aggressive yet well-informed entry. Ensure your stop loss is adjusted to below the LQZ to minimize risk in case the market turns against your position. 2. Trailing Stop Loss (SL) Usage: Position: You’ve used trailing stop losses, which is a smart move, especially given the bold yet analytical approach. Coaching: Trailing stops can help lock in profits as the price moves in your favor. Ensure that the trailing distance is neither too tight (to avoid premature exit) nor too wide (to protect against significant pullbacks). This aligns with the Analytical Rabbit’s cautious nature. 3. Key Levels and Patterns: Ascending Channel: The price is respecting the channel boundaries, which validates your initial entries. LQZ & 4H Override: Price has shown reactions at these levels, indicating they are well-chosen. 4. Risk Management: Balance Between Risk and Reward: Your trading strategy seems to balance the Bold Maverick’s appetite for risk with the Analytical Rabbit’s focus on minimizing unnecessary exposure. Coaching: Given your dual archetype, keep refining your entry and exit points. Use the rule of three (waiting for confirmation after three touches on key levels) to align with your analytical side​​. Conclusion: Your trading approach is a robust mix of intuition and analysis. You're combining bold entries with a solid understanding of market structure. Continue to refine your strategy, especially in the context of multi-timeframe analysis and liquidity zones, to maximize your trading effectiveness. Make sure to always have an exit strategy and avoid letting the Maverick side take over without sufficient backing from the Rabbit’s analysis​​​​.
OANDA:XAUUSDEducation
by MommaPreneur
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices surged on Friday as the US Dollar and Treasury bond yields tumbled, driven by dovish comments from Federal Reserve Chair Jerome Powell. With the Fed signalling a policy shift and acknowledging that inflation is nearing the 2% target, the focus has turned towards achieving maximum employment. This backdrop has sparked renewed interest in gold among Western investors, especially as expected interest rate cuts could reduce the opportunity cost of holding the precious metal. In this video, we analyze the current market dynamics, showing why gold may not be overbought and why there’s potential for continued upward momentum. The CME FedWatch Tool indicates a 25 bps rate cut is fully priced in, with rising odds for a larger cut. We’ll dive into both the technical charts and fundamental factors that favor higher gold prices in the coming week. XAUUSD Technical Overview: This week, we're focusing on the $2,495 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 then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. 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! #Gold #XAUUSD #Forex #FederalReserve #InterestRates #Inflation #TradingStrategy #MarketAnalysis #TechnicalAnalysis #Investing #ForexTrading #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼 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.
SAXO:XAUUSD
by darcsherry
XAUUSD 8/29/2024 Is the uptrend over? Yesterday as predicted, wave C was completed with very strong selling pressure, we did not reach the target of the first BUY zone, but at the second BUY zone, we had a big win of 210 pips, congratulations to all of us. Currently, the uptrend is still dominant. Looking at the current trend, we expect a 5-wave structure as shown on the chart. Besides, there is still the possibility of an ABC correction structure. - We have the price zone 2510.7 as a confirmation point, if the price closes above 2510.7, then we are in a 5-wave uptrend. If the price closes below 2510.7, then this increase is just an ABC correction and then the price continues to decrease when the structure is completed. - My current view is leaning towards a 5-wave bullish structure because I am expecting wave C to reach its target at 2493.7 and then a 5-wave structure will follow, then we have wave 5 target at 2536 - 2539, this is the first target and this is also the target area for us to SELL - If the current structure is an ABC correction structure, then we have wave C target at 2487 - 2484, this will be our BUY target - In addition, we have a large demand concentration area at 2509 - 2506, so this is also a target area for us to BUY SCALP Trading plan BUY SCALP ZONE: 2509 - 2506 SL: 2499 TP1: 2518 TP2: 2524 TP3: 2531 BUY ZONE: 2487 - 2484 SL: 2477 TP1: 2499 TP2: 2506 TP3: 2531 SELL ZONE: 2536 - 2539 SL: 2546 TP1: 2531 TP2: 2524 TP3: 2509
OANDA:XAUUSDLong
by DEEKOP
XAUUSD Asia- Long Opportunity 1:5 RRGood Morning Asia, This morning, I'm anticipating a long from 2510.50 towards a prior imbalance at 2510.10. I'll be waiting for a 1 mins entry confirmation if price pulls back towards my entry zone. Price is currently in a bullish cycle on the 15mins and 30mins. It is important to note that the H1 timeframe still seems to be in a bearish cycle (see chart-shot below) with the final more aggressive phase of the cycle still pending. I see price building up liquidity at the moment before the final expansion to the downside potentially later today. Happy Trading.
OANDA:XAUUSDLong
by Pips4Breakfastx
XAUUSD:It could break through 2530 The price continues to fluctuate within the resistance zone. Looking at the 4-hour chart, both the indicators and the current pattern favor the bulls. If the price doesn’t break below the 2517-2511 area before tomorrow’s New York session, we can expect an upward move. At the same time, the DXY is starting to show signs of forming a bottom, the likelihood of it moving in the same direction as gold is low. Once the DXY successfully bottoms out (which I expect to happen around the 99.5-99 level), it will likely mark the medium-term top for gold. At that point, the trading strategy should focus on selling at high levels.
OANDA:XAUUSDLong
by Mia-Signal
XAUUSD: Short, target 2463-2452 Gold is fluctuating within the 2508-2519 resistance range, and indicators are starting to show weakness. A pullback is expected next week, and a second test of the resistance near 2519 cannot be ruled out. From the overall trend perspective, I lean towards the likelihood that it won’t break through, leading to a significant drop. The first major support during the decline is around 2500, followed by 2488-2477, and finally around 2452. If strong resistance is encountered near 2520 and it fails to break through, a double top pattern could form, making a drop to around 2452 highly likely. Therefore, in next week’s trading, focus on observing the resistance and prioritize short positions.
OANDA:XAUUSDShort
by Mia-Signal
1
The range of the fall increasesThe range of the fall increases At the moment, the gold market is showing significant attention from investors amid geopolitical instability and inflation risks. Gold prices remain high as investors seek protection from potential economic downturns and uncertainty in the financial system. In addition, rising interest rates in the US could put pressure on the desired price level, leading to some volatility in the market. Analyzing data from fundamental analysis such as unemployment rates, GDP and inflation forecasts can help investors make more informed gold trading decisions.
FXOPEN:XAUUSDShort
by seventhlab
Missed the Gold Drop? Re-Entry Strategy After Key RejectionOverview: The provided XAU/USD charts show a market structure that's testing key liquidity zones (LQZ) and possibly forming reversal patterns. Your trading archetype, a mix of Bold Maverick and Analytical Rabbit, suggests that you likely lean towards taking calculated risks but need confirmation before executing trades. This archetype blend requires balancing decisive action with thorough analysis, especially when you miss an initial trade idea. 1. Multi-Time Frame Analysis: 4H Chart: The price reached a significant resistance at the 4H LQZ around 2531.595, forming a double top structure within a descending channel. This zone is a potential area for strong reversals. The recent rejection at this resistance indicates a potential shift in market sentiment from bullish to bearish. 1H Chart: There's a descending channel visible, suggesting a bearish trend in play. Price is currently at a 1H LQZ around 2494.550, which has acted as support in the past. The rejection at the upper boundary of the descending channel aligns with a confluence at the 4H resistance, enhancing the likelihood of a reversal. The current price action is consolidating around this 1H LQZ, indicating potential for either a bounce or a further decline. 15M Chart: Shows a recent sharp decline from the 4H LQZ, confirming the bearish momentum. The price is currently hovering around a minor support within the larger 1H LQZ. The rejection from the 4H resistance, coupled with the bearish momentum on this lower timeframe, reinforces the potential for further downside. 2. The Rule of Three & Patterns Within Patterns: The "Rule of Three" indicates that after three touches to a support/resistance level, a breakout is more likely​​. The charts show multiple touches on both the descending trendline and support level, suggesting an imminent breakout or breakdown. The structure seen in these charts is a descending channel within a larger potential double top, a clear example of "patterns within patterns." This amplifies the probability of a significant reversal​. 3. Entry Types and Missed Opportunity: Since you missed the initial trade, you could look for: Reduced Risk Entry: Wait for a pullback to the LQZ after a confirmed breakout below the current 1H LQZ. You could then enter a short position, targeting a lower liquidity zone or the next support level. This approach is less aggressive and aligns with your analytical nature​. Re-Entry Strategy: If the price revisits the 4H LQZ and shows signs of rejection again (like a bearish engulfing pattern or strong wick rejections), this could offer a new entry point for shorts. 4. Psychological Coaching: As a Bold Maverick, it's essential to stay disciplined and not chase the trade you missed. Instead, analyze the market's next move: Mass Psychology: Recognize that other traders might also be reacting to the missed opportunity, leading to a possible pullback (which you can capitalize on). Stay focused on your strategy and avoid the temptation to overtrade or enter prematurely out of frustration. Final Thoughts: Given the charts' current state, patience is crucial. Wait for the market to present a clear re-entry opportunity that aligns with your mix of risk-taking and analysis. Watch for a strong, confirmed break below the 1H LQZ or a pullback to the 4H LQZ with a bearish confirmation before entering your next trade.
OANDA:XAUUSD
by MommaPreneur
Short gold! Phased target: 2460-2450!After gold broke through last Friday's high yesterday, the market was expecting gold to rise further or hit the previous historical high. However, gold only rebounded and hit around 2526 before falling under pressure. Obviously, we shorted gold near 2525 yesterday and successfully hit our TP: 2510. Many people laughed at me for shorting gold in the chat room yesterday, but time once again proved that I was right. This is the charm of market trading! Although gold is currently at a high level and seems strong on the surface, as the bullish momentum weakens, the resistance area is gradually moving down, while the support is gradually being broken. Today, gold continued to fall from around 2518, and the gold short momentum is gradually strengthening. Therefore, I expect the adjustment range of gold may continue to expand. Therefore, in terms of trading, I still maintain the idea of ​​shorting gold on rallies. At present, the 2518-2520 area is regarded as a short-term resistance, and the further resistance area is located in the 2525-2530 area. The retracement target is first bearish on falling below the 2500 mark; if you want to look at the band, then the retracement stage target can be the 2460-2450 area. 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:XAUUSDShort
by alongwineer
XAUUSD 8/28/2024 Has the price started a new trend? Looking at H1, we see a completed 5-wave structure followed by a correction structure. Currently, we have 2 possibilities that can happen with the current price structure Case 1, we have a Flat correction structure with peak B equal to peak 5 as shown on the chart. Then we need to wait for the price to complete wave C to be able to trade. In this case, it is confirmed when the price breaks through the 2503.9 zone - Case 2 is that the price has completed the ABC correction wave at the 2503.9 price zone and the price is currently in a 5-wave uptrend structure. If so, we have the current correction wave as correction wave 2 in a new uptrend structure, then we expect the price to break through the 2526.6 zone to create a new higher peak. And this case is confirmed when the price breaks through 2526.6. Combining the possibilities we have the following trading targets. Pay special attention because the current price structure is still unclear, requiring us to manage the transaction closely. SELL ZONE: 2536 - 2539 SL: 2546 TP1: 2527 TP2: 2519 TP3: 2523 BUY ZONE: 2512 - 2509 SL: 2502 TP1: 2519 TP2: 2531 TP3: 2536 BUY ZONE: 2498 - 2495 SL: 2488 TP1: 2509 Tp2: 2519 TP3: 2531
OANDA:XAUUSDLong
by DEEKOP
Gold's retreat continuesSan Francisco Fed President Mary Daly said on Monday that the Fed must "carefully" complete its work to control inflation, noting that rising unemployment is increasingly becoming a risk. Chicago Fed President Goolsbee is still waiting for inflation to cool further, which is part of the process to open the door to rate cuts. Goolsbee told CNBC that he was "privately optimistic that we will see improvement in inflation" and that he was hopeful that the Fed would be "slightly more confident on inflation" and believed that pressure was declining after being higher than expected at the beginning of this year. Cleveland Fed President Loretta Mester still believes that the Fed needs to continue to actively sell mortgage bonds as part of its efforts to continue to reduce the size of its balance sheet. These bonds were purchased to restore market function and stimulate the economy after the outbreak of the new crown epidemic. As government debt continues to grow and geopolitical tensions remain intensified, more countries will reduce their investment in the US dollar. As investors wait for the Federal Reserve to launch a new round of easing cycle, the global gold spot market remains well supported, and central banks in many countries continue to buy gold and reduce their investment in the US dollar. Gold will be sensitive to US PCE data, but this will not stop its long-term upward trend. While waiting for the latest inflation data such as the PCE in May in the United States to be released on Friday, the gold market has fallen into a stable state. Technical analysis of gold: Yesterday, gold had a volatile downward trend, and the trend was completely under control, as everyone witnessed! Yesterday, gold opened at $2,321. In the morning, gold slightly retreated to $2,317 and then started a volatile rebound trend. The highest rebound in the European session touched the $2,332 line and then started a wave of decline. We also entered the market precisely at $2,331! Gold fell as expected, and the lowest decline in the European session touched the $2,320 line. We made a big profit on our short orders! Gold in the US market did not go out of a continued market, but continued to start a volatile trend. The range was $2,320 to $2,335 and ended in a volatile trend. It finally closed at $2,333. The daily line closed with a long lower shadow line. After this pattern ended, the current downward trend of gold remained unchanged. From the daily line pattern, the rebound will continue to give us a good opportunity to short! Gold rebounded yesterday, but the bull market is not sustainable. Gold is just a rebound. Gold has not reversed yet. The rebound in the morning continues to be short. Gold 2300 will eventually break. Let's wait and see! The moving average of the gold 1-hour chart is about to form a dead cross downward. Once the dead cross is formed, the gold shorts will also exert their strength. Gold 2300 will eventually be difficult to maintain and will be broken. Gold rebounded yesterday and was still under pressure from the 2335 resistance, and the moving average resistance also moved down to around 2336; gold rebounded in the morning and continued to short near the 2335 resistance. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 2335-2341 resistance, and the short-term focus on the lower side is 2295-2306 support.
FXOPEN:XAUUSDShort
by Kevin-Traders
Will the price of gold still fall today?U.S. data released on Thursday showed that the number of Americans filing for initial jobless benefits in the week ended June 15 was 238,000, compared with expectations for 235,000. The pace of U.S. homebuilding fell to its slowest pace in four years in May as higher interest rates took some of the momentum out of the housing sector earlier this year. Data last week showed some easing in labor market and price pressures, while weak retail sales data released on Tuesday showed that economic activity remained sluggish in the second quarter. While the Federal Reserve is leaning toward one rate cut, market speculation suggests two cuts could come, driven by slowing inflation and cooling economic conditions. These factors have kept traders on their toes, awaiting upcoming economic reports for clearer clues. Precious metals bulls became more confident later in the week after data earlier this week showed weak U.S. retail sales. According to CME Fed's "FedWatch," traders are now pricing in about a 64% chance of a September rate cut by the Federal Reserve. Falling interest rates reduce the opportunity cost of holding gold as it does not earn interest. Rising geopolitical risks have helped gold prices rise. Tensions are rising in the Middle East as Israel threatens to launch an attack on Hezbollah in Lebanon. This, coupled with the recent agreement between Russia and North Korea, may increase the appeal of gold, which is currently trading near key resistance levels. Despite the rebound in the US dollar, gold prices still hit a new high this week. The Fed's expectations of a rate cut in September are good for gold. Geopolitical risks and political uncertainty in Europe also provide support for gold. Gold market trend analysis: Gold technical analysis: Gold has recently collapsed from the high of 2388, and fell to around 2287 to be supported. This week did not continue the decline, but rebounded with a slow and volatile rise. The next day, there was a continuous rise, successfully breaking the 2450-2388 downward channel, and the highest has returned to around 2365, and stabilized at the key point of 2342. Gold has currently broken through the key points of 2345-2355, and the 4-hour continuous rise has opened up the Bollinger upper rail space. The daily line also ended with a big rise, and the MA5-MA10 moving average maintained a golden cross. Short-term bulls have regained their upward momentum, and bullish sentiment is relatively optimistic. What needs attention is that today is Friday, beware of the sharp decline and the appearance of black swans. ​Yesterday, it was explained that the price of gold fell into the end of the triangular wedge consolidation. Sure enough, the price breakthrough ushered in a wave of accelerated rise. There is no pursuit of long prices. After the price rises, there will be a drop and then it will rise again. The price did not lose the key price of $2323 mentioned in the morning, so it will continue to rise. The price continued to rise in the second half of the period, and the hourly chart bulls rose in large volume. It is very certain that at present, under the premise of the bullish trend of the daily line in the medium term, the short-term price has left the line area. The next step is to pay attention to where this wave of bulls will rise! But for us, we only need to pay attention to the structure of the one-hour pattern. Only when the top pattern appears at the one-hour level in the future market can the end of this round of gains be established! On the whole, the short-term operation strategy of gold today is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is the 2365-2367 line resistance, and the short-term focus on the lower side is the 2323-2326 line support.
FXOPEN:XAUUSDShort
by Kevin-Traders