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Xauusdsetup

XAUUSD: Swing Buy Reversal is Coming! From 2450 to 2560! Dear Traders, WE have an important entry coming up on Gold, possibly the one which will shape the gold market. After creating a record high and touching the 2530 for the first time, price exhausted and started dropping and ranged between the area. However, if we look into it with areas that gold may reverse from, the area that we find attracting is 2440 to 2450 in which we may see a large volume of buy volume kicking in the market. Good luck.
OANDA:XAUUSDLong
by Setupsfx_
17
XAUUSD: Lows not yet seen, continue to sell at high levelsYesterday, the US dollar index began to rise after Powell's speech, reaching 100.9, and US bond yields also rebounded collectively. Affected by the rise of the US dollar and US bond yields, as well as the influx of a large amount of profit-taking funds into the Chinese stock market, gold has continued to fall recently, and yesterday's lowest point reached 2624 US dollars. So is this the low point? I think gold is currently in a downward trend and has not yet formed a bottom pattern. It will only rebound but not reverse. From the trend in the hourly chart, we can see that the gold price is running along the downward trend channel. Now it is again above the trend channel of 2645, so I think the possibility of a breakthrough is not great, so I am going to short around 2645.
OANDA:XAUUSDShort
by AntonyTP
XAUUSD: How long can the bull market sustain its momentum? Amid escalating geopolitical tensions and the Federal Reserve’s rate cuts, gold has been on a persistent upward trajectory. After breaking through the key 2600 level, it is now approaching the 2700 mark. Over the past couple of days, it has consolidated above 2650, leaving short positions severely pressured. While bulls celebrate, bears are licking their wounds. I believe that after enduring this challenging phase, bears will stage a strong, retaliatory comeback. Thus, the best strategy now is patience. Wait for the right moment—if you’ve missed the bull's rally, don’t miss the bear’s counterattack.
OANDA:XAUUSDShort
by Mia-Signal
XAU/USD 25 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile. Price has printed a bearish CHoCH, we therefore have established an internal range. Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold is just one step away, the Sell opportunity is comingIn today's Asian session, gold rose in the short term, and the historical high was refreshed again, reaching 2640. Driven by the Fed's expectations of a rate cut in November and the decline in US Treasury yields, the price of gold hit a new record high. The growing tension between Israel and Hezbollah has increased the appeal of safe havens, which may further boost demand for gold. From the 4-hour chart, we can see that referring to the rule that the price of gold rises by $50-60 each time, the price of gold is likely to have room for an increase of $10. This is almost the last short-term rise in gold. The high point of this time is likely to be around the range of 2640-2650. Trading strategy: Now chasing the rise, there is not much room above, and there is a risk of an imminent correction, so I don't recommend it. Go short now, because there may be more than ten dollars of room for growth above, and now is not a good selling position, so we can wait until the 2640-2650 range to sell, preferably at 2650. I personally did not close the sell order I held last week. If the gold price reaches 2650, I will continue to increase my position and pull the average price to 2615-2620
TVC:GOLDShort
by AntonyTP
Gold Rally Slows, Pullback Imminent Since yesterday, gold has been fluctuating within the 2615-2635 range, with the bullish momentum clearly slowing down. In my view, it is likely to decline to 2606 by Friday at the latest. Why 2606? This level serves as a key support in the ongoing upward trend. A healthy trend relies on robust technical support levels, which is the foundation of my prediction. Continue to sell, and patiently wait for the price to drop, allowing the profits to materialize.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
XAUUSD: Mid-Term Target Set Below 2550 Gold's upward trend has noticeably slowed as it approaches the 2630 level, which is likely to act as a new resistance zone. Before confirming any further upside potential, it is crucial to see a retest of the 2600 support level. Until this support is validated, the recommended strategy is to focus on high-level sell trades. If the 2600 support is confirmed, it may present a buying opportunity. However, if the support is breached, selling into any rebound should continue to be the dominant strategy, with long positions only used as a secondary approach. In the medium term, I maintain a bearish bias, with downside targets in the 2530-2500 range.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD:Bearish intraday Last Friday, gold made a strong breakout above resistance, stabilizing above 2600. Today’s opening continues to show slight consolidation at high levels. From a technical perspective, the short-term outlook is bearish, indicating that at least one retest of the 2600 support is needed to determine if there is further upward momentum. In my personal view, a deeper pullback is more likely. By early October, there’s a high probability of a return to the 2550 level. Thus, my mid-term strategy will focus on short positions. For intraday trading, the key focus will be on the 2600 support area—if it holds, a long position around that level could be considered.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD: As long as it doesn’t break 2600, boldly sellYesterday's gold market was really frightening. First, the Federal Reserve announced an interest rate of 50 basis points, which was higher than market expectations. The price of gold rose from 2567 to 2600, setting a new historical high again. Then Powell's speech showed hesitation and uncertainty, and pointed out that the Fed was not in a hurry to cut interest rates. It would proceed at a suitable pace or slow during the interest rate cut cycle. This dovish speech led to a decline in investors' attractiveness to gold. The gold price plummeted from 2600 by $50 and stabilized the decline in the 2550-2560 range. However, since the 50 basis point interest rate cut is already on the table, the Federal Reserve has launched a monetary easing policy and the first rate cut is larger than before. This makes the market believe that there may be another 50-100 basis point interest rate cut before the end of this year. Therefore, gold is now back again The high area of 2590. Although there is still the possibility of interest rate cuts before the end of the year, I think that is a long-term problem, and for us who are short-term traders, it is not the focus of attention. From the market point of view, after yesterday's sharp decline that started at 2600, the shape of gold has changed, and it is in line with the short-term peak signal. Therefore, my view on the current gold is that it is bearish in the short term and bullish in the long term. Trading strategy: Now the gold price has reached the high range of 2600-2590. As long as it does not set a new high again, you can boldly sell here
OANDA:XAUUSDShort
by AntonyTP
11
XAUUSD Gold Technical Analysis and Trade Idea👀 👉 XAUUSD Gold has broken its market structure to the downside. On the daily and 4-hour charts, we observe a pullback into equilibrium, presenting a potential buying opportunity. In this video, we discuss market structure, price action, and, most importantly, the trend. We also outline a possible trade setup if the price moves as outlined in the video. Disclaimer: The information provided in this video is for educational purposes only and should not be taken as financial advice. Always perform your own analysis or consult a financial advisor before making any trading decisions. 📊✅
FX:XAUUSD
by fxtraderanthony
XAUUSD: Sell@2577-2590 Have a nice day. I was away on a business trip Tuesday, and just got back today—I hope everyone is doing well. Gold did not follow my initial expectation of a decline. Instead, after breaking through resistance, it experienced a significant rally. Today, it broke past 2580, setting a new all-time high. Based on current indicators, the market still has upward momentum, and we can't rule out the possibility of testing 2600. However, before that happens, there will likely be a test of support. Thus, my trading approach is to short gold in the 2577-2590 range for now.
OANDA:XAUUSDShort
by Mia-Signal
Gold Set to Decline After European Session Today, the primary focus is on short positions after the European session. During the Asian session, there may be another test of the upper resistance, but the probability of a breakout is low. Therefore, after the European session, bearish momentum is expected to take control. Our trading strategy should align with this trend by initiating sell positions. In the near term, the market is likely to decline towards the 2550 level, with a medium-term target around the 2487 zone.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD: Analysis and strategy before the Fed rate decisionYesterday's view on gold was still very accurate. In the article, I clearly stated that there would be a correction before the Fed's interest rate decision, and the window period was after the data was released. As expected, under the premise of multiple negative data and a large number of long orders being profited, the gold price fell all the way to 2560, which also gave us the opportunity to close the short positions we held last week. The Federal Reserve's interest rate decision will be announced today. My prediction for a rate cut is 25 basis points. The possibility of 50 basis points is not high in my opinion, but it has to be guarded against. In the context of the upcoming announcement of the interest rate cut, today's trading strategy must be based on the number of basis points of interest rate cuts to formulate a trading plan, so I give the following suggestions for your reference: In the case of a 25 basis point interest rate cut: I personally think that the gold price will rise first and then fall. First of all, the interest rate cut is definitely good for gold, but because of the continuous interest rate cut remarks for a month, the gold price has now reached a historical high of 2590, and has digested the impact of the interest rate cut in advance. The rise in gold prices from 2530-2590 is largely due to some investors' belief that the Fed will be concerned about employment issues, which greatly increases the probability of a 50 basis point rate cut. Therefore, once the announced value does not meet expectations, the price of gold will inevitably fall. In the case of a 50 basis point rate cut: There is no doubt that gold prices will continue to rise and set a new high again.
OANDA:XAUUSDShort
by AntonyTP
Gold on the Edge: Rising Wedge Breakdown or Support Bounce?4-Hour Chart: Consolidation Below All-Time High: After reaching the all-time high, the price is consolidating in a rising wedge pattern. This formation reflects indecision in the market, but the overall structure suggests potential for a downward move. Key Levels: 4H LQZ TP1 (2,550.342): A strong support level and a possible target for short positions if the price drops. 4H LQZ TP2 (2,522.172): The second support level, likely to attract buyers if tested. Strategy: If the price breaks down from the rising wedge and fails to hold support at 2,550.342, a move toward 2,522.172 could be expected. A reversal could occur at either of these liquidity zones. 1-Hour Chart: Descending Channel (near support): The price is trending lower after failing to break above the all-time high. The descending channel is not steep, suggesting mild bearish pressure. Support Levels: 1H LQZ (2,542.481): Immediate support for the current descending structure. 4H LQZ (2,522.172): Deeper support, aligned with the broader market structure, giving more room for a potential pullback. Strategy: A break below the 1H LQZ could accelerate the sell-off, targeting the 4H LQZ. Watch for consolidation or buying pressure at these levels, as they are potential reversal points. 15-Minute Chart: Rising Wedge: The price is forming a rising wedge pattern, which is typically a bearish signal, suggesting potential weakness in the uptrend. The price has made lower highs while testing a crucial support zone. Key Levels: All-Time High (2,589.652): The price tested this region but has failed to sustain momentum above it. This could indicate a major resistance level. 1H LQZ (2,542.481): The first level of significant support, serving as a take-profit target (TP1) for short positions. If the price breaks below, it could accelerate toward this level. 4H LQZ (2,522.172): The next key support zone (TP2), which could act as a strong buying area if the price corrects further. Strategy: Watch for a potential breakdown from the rising wedge. A confirmed break below the wedge and support levels could indicate a stronger move downward toward 1H LQZ or 4H LQZ. Overall Summary: Bearish Bias: Across all time frames, the rising wedge formation points to potential bearish pressure, especially with failure to break above the all-time high. Key Levels: The all-time high (2,589.652) remains the major resistance. Watch for reactions around 1H LQZ (2,542.481) and 4H LQZ (2,522.172) for potential support and buying opportunities. Breakout or Breakdown: If the price breaks below the wedge patterns on the 15-minute and 4-hour charts, further downside toward the liquidity zones is likely. However, a rebound could signal renewed bullish momentum. This setup is perfect for monitoring entry points based on key support/resistance levels and the wedge formations' breakdown potential.
OANDA:XAUUSD
by MommaPreneur