Xauusd analysis Market is a natural trend
Support 2654
And
Resistance 2670
Brek the support level and market chance to go 2625
And can come back up from there .
Just focus on support
Xauusdshort
XAU correction - market balance ! DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/30 - 10/04/2024
🔥 World situation:
Gold dropped to a three-day low below $2,650 after the US Bureau of Economic Analysis (BEA) reported that September inflation is moving closer to the Federal Reserve's (Fed) target. Despite expectations for more Fed rate cuts, gold struggled as traders likely took profits. Currently, XAU/USD is trading at $2,657, down nearly 0.50%.
Earlier, the BEA announced that the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, showed progress toward the 2% goal in August. Core PCE also rose slightly compared to July’s data.
🔥 Identify:
Gold price completed 5 elliott waves, H4 frame uptrend. Waiting for gold correction chip to decrease in the near future
🔥 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: $2685, $2702
Support : $2643, $2628, 2571
🔥 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
XAU | USD! sideway downtrend 10/1/24XAU / USD trend forecast October 1, 2024
Gold price (XAU/USD) holds modest gains in early European trading on Tuesday but remains below last week's record high. Fed Chair Jerome Powell's hawkish remarks on Monday led investors to reduce expectations of aggressive rate cuts. This supported the US Dollar, which continues to recover from its lowest level since July 2023, creating a headwind for gold.
Based on M30, price adjustment h1 frame, XAU down
/// BUY XAU : zone 2624-2626
SL: 2618
TP: 50 - 100 - 150 pips (2639)
Safe and profitable trading
Gold 4H Trend Continuation Setup Gold is currently trading under the FibCloud and touching the 0.6 Fibonacci retracement level on the 4-hour chart. While this setup favors a continuation of the downtrend, there’s also a possibility of a breakout at this stage. I expect a potential test of the 2,658 Sunday open area before the market shows its true direction. So far, Gold has been printing a well-controlled downtrend, but it’s important to stay alert for any changes in momentum.
Technical Analysis:
• Gold is trading below the FibCloud, signaling bearish momentum.
• The price is testing the 0.6 Fibonacci retracement, a key level that could either result in a trend continuation or a breakout.
• A retest of the 2,658 Sunday open area may occur before the market confirms its next move.
• I’m expecting a move towards the 2,600-2,620 price range if the downtrend continues.
At this point, the trade could go either way—continuing the downtrend or breaking out. The 2,658 area will be key in determining the next move. For now, Gold has maintained a structured downtrend, and I’m favoring a short position targeting the 2,600-2,620 range. As always, proper risk management is essential in these conditions.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
#XAUUSD 1HBased on the 1H analysis, I'm watching for a selling opportunity around the key resistance zone between 2650.00 and 2653.71.
Targets: 2640.00 / 2632.00 / 2606.67.
Avoid placing any advance orders at this time. Wait for a solid bearish confirmation before entering the trade. There’s a chance the price could drop directly from the current levels.
#XAUUSD#GOLD
#XAUUSD 4HBased on our 4H analysis, I’m currently anticipating a selling opportunity around the key resistance zone near the previous all-time high. If we observe any strong signals in this area, we’ll begin setting our stop orders. However, be cautious—avoid placing any advance orders at this stage. Wait for solid confirmation before entering the trade.
#GOLD#XAUUSD
XAUUSD - SELLDaily Bias for GOLD is already bearish and its forming a bearish bat as well just need the D leg to form correctly, am expecting some drop on NY session, with proper selling strength i'll goo short from the marked area.
XAU bearish sideway - waiting for NF this week⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION :
Gold prices (XAU/USD) ticked up slightly during the Asian session on Tuesday, halting a two-day decline and pausing the recent pullback from last week’s all-time high. However, the increase lacks strong momentum due to modest US Dollar strength, supported by Federal Reserve Chair Jerome Powell's hawkish comments on Monday and optimism around China's stimulus efforts, both limiting gains for the safe-haven asset.
That said, significant declines in gold remain unlikely, given ongoing geopolitical tensions in the Middle East. Additionally, expectations of further US rate cuts amid slowing inflation and hopes for China's stimulus to boost physical demand should continue to support XAU/USD. Traders are now awaiting US macroeconomic data and Fed commentary for further direction.
⭐️Personal comments NOVA:
Gold price clearly shows a downward adjustment trend in the H1 frame - sideway price range 2625 - 2648 waiting for NF this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2628 - $2626 SL $2620
TP1: $2633
TP2: $2640
TP3: $2648
🔥SELL GOLD zone: $2648 - $2650 SL $2655
TP1: $2640
TP2: $2633
TP3: $2625
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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: 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.
880 pips potential sell on GOLD...Gold hit new high and is currently trading in the weekly resistance zone, sign of reversal is clear and we might see the pair pushing downwards to 2545 level... Goodluck
Gold Roadmap!!!Gold started to increase after the tension between Lebanon and Israel , and maybe the price of Gold increased more than expected , so that it even went a little higher than the important resistance line, bu t this increase was in the form of a fake break .
Gold is currently moving towards the Support zone($2,600-$2,580) and breaking the Uptrend line .
According to the Elliott wave theory , Gold seems to have used an Ending Expanding Diagona l to complete the main wave 5 . The Ending Expanding Diagonal usually comes at the end of wave 5 .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Gold to continue to fall in the coming hours and days after breaking the Uptrend line , at least to the Support line , and I expect this fall to be even more. Of course, the conditions of the Middle East can change the direction of gold movement at any moment.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Still holding short positions, 2630 is not the end!So far, I still insist on holding short positions and executing mid-term trading as planned. So far, the lowest price of gold has reached around 2630. Although it has rebounded and returned to around 2640. But it is obvious that the high point of gold rebound is gradually decreasing, and as gold continues to fall below 2650 and 2640, it also means that the adjustment cycle has been prolonged to a certain extent. So it is obvious that gold has not completely stabilized and is expected to continue to pull back.
So 2630 is not the end point, gold is expected to continue to fall, and it is very likely to retest around 2600 again, and it may even fail to hold 2600 and have to test around 2580. So I still stick to the mid-term trading plan, short gold, and wait for the fruits of victory!
Bros, let's wait and see!
GOLD ! 9/30 ! down adjustmentXAU / USD trend forecast September 30, 2024
Israel escalated its conflict with Iran’s allies, the Houthis in Yemen and Hezbollah in Lebanon, launching airstrikes on Sunday and raising fears of a wider Middle East war. The Israeli Defense Forces reported targeting several locations, including power plants and a seaport in Yemen. In Lebanon, Israeli strikes killed Nabil Kaouk, the deputy head of Hezbollah's Central Council, marking the seventh Hezbollah leader killed in just over a week.
Based on M30, price adjustment h1 frame, XAU down
/// SELL XAU : zone 2664-2667
SL: 2672
TP: 50 - 150 - 300 pips (2637)
Safe and profitable trading
XAU cumulative adjustment process !! wait NF ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) started the week slightly lower but remain within a recent trading range, close to last Thursday's record high. Tensions rose as Israel escalated conflict at its Lebanon border, increasing geopolitical risks in the Middle East. Additionally, news of Japan's Prime Minister Shigeru Ishiba planning a general election on October 27, alongside US political uncertainties, provides support for the safe-haven asset.
Dovish expectations from the Federal Reserve keep the US Dollar near its lowest point since July 2023, which may further support gold. However, a risk-on mood driven by new stimulus measures from China puts some pressure on XAU/USD. Despite this, the broader outlook favors potential dip-buying opportunities.
⭐️ Personal comments NOVA:
According to the H1 frame, the gold price is in two adjustment and downtrend lines, waiting for NF news this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2643 - $2641 SL $2636
TP1: $2650
TP2: $2655
TP3: $2662
🔥SELL GOLD zone: $2670 - $2672 SL $2677
TP1: $2663
TP2: $2657
TP3: $2650
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
XAU, our opp :skull:Well, about XAUUSD, I noticed it broke ATH multiple times, cuz of war and government stuff.
I think long term, it will retrace back to the weekly FVG I marked.
But be careful with the internal liquidity down there, that's all.
Peace.
Hope I can help anyone.
GOLD Creating H&S Pattern , Be Ready To Sell It To Get 500 Pips This 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.
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
#XAUUSD 1HXAUUSD 1-Hour Chart Analysis
Pattern Identified: Bearish Market Bias with Focus on Selling at Pullbacks
Forecast: Sell
Outlook for Next Week: Good Luck
On the 1-hour chart of XAUUSD (Gold/US Dollar), the market is exhibiting a bearish bias, with sellers maintaining control over price direction. Given this downward pressure, the strategy revolves around selling at pullbacks. Pullbacks represent short-term upward retracements that offer opportunities to enter short positions before the price resumes its decline in line with the prevailing bearish trend.
Key resistance levels, previous support zones that have turned into resistance, or Fibonacci retracement levels will serve as optimal points to watch for potential pullback reversals. These pullbacks provide traders with better entry prices for their short positions, maximizing the potential for profit while minimizing risk.
Actionable Insight: Traders should patiently wait for price pullbacks towards resistance areas or key retracement levels. Once price action shows signs of weakening bullish momentum, these points can serve as entry zones for selling. Stop-loss orders should be placed above resistance levels or the highs of the retracement to protect against potential reversals. Look for confirmation patterns such as bearish candlesticks or momentum indicators to validate entry decisions.
Good Luck for the Next Week: Stick to the plan, and may your trades align with the bearish trend for a profitable outcome!
XAU/USD Sell to Buy idea (potential pullback?)I’m watching for a potential sell around the 2-hour supply zone. Specifically, I'll be looking for the Asian session high to be taken out, followed by a Wyckoff distribution on the lower time frames. Since this setup is counter-trend, I expect it to mark a possible reversal point for gold, as the Wyckoff pattern has already played out on the higher time frames and the market structure has shifted to the downside.
If price continues to drop, I’ll shift my focus to potential buy opportunities around the 2,630 level. Once price enters this zone and shows signs of accumulation, I’ll look to trade with the overall bullish trend, as I remain optimistic on gold’s long-term upside.
Confluences for Gold Sells:
- A Wyckoff distribution has occurred on the higher time frames.
- The market structure has shifted downward (price changed character).
- Price is nearing the 2-hour supply zone, which could trigger a reversal.
- Despite gold’s bullish trend, bullish momentum seems to be weakening.
- If a full reversal doesn’t occur, a pullback is still likely before price continues upward.
Note: If price breaks above this supply zone and makes a new all-time high (ATH), I’ll look for a nearby demand zone to catch buys before price mitigates the 8-hour or 10-hour demand below.
Gold to push up further? And what to expect next!We could be looking at Gold exceeding $2700 this week!!!
With no sign that gold wants to slow down and continual parabolic movement to the upside I have laid out two clear scenarios of what price could do this week.
Scenario A:
We have seen a clear Choch and Bos to the downside on the 1H leaving us with a nice 18h supply to the upside which price will push up to in order to completely fill the 4H IMB to the downside and possibly continue further in order to take more liquidity before reacting from a zone that follows price structure like the 3H demand or further down where we can see a 14h demand.
Scenario B:
Price has already tapped into the 1H demand and shown a LTF Choch which gives a possibility of price reacting from the LTF 10min zone to simply continue pushing up what we already see as a strong bullish move. Further confluence to support this move is the EQH at the top of the 18H supply which is a strong indication that price will not respect this zone.
What we are seeing here are both likely possibilities. the question remains is golds upwards push exhausted or does it need to grab liquidity in order to continue this upwards push?
what we do now is gold continues to surprise us all and possibilities are endless....
Gold Eyes Potential Retracement-Impact USD EventsGold has shown strong bullish momentum recently, sweeping above previous highs. On the 1-hour chart, we’re observing potential signs of exhaustion, suggesting a pullback could be imminent. The anticipated retracement target is around the 2,650 level, which coincides with key support and Fibonacci levels.
Technical Analysis:
The 1-hour chart indicates that Gold has pushed above previous highs but is now encountering resistance. A corrective move towards the 2,650 level would align with the broader market structure, allowing for a healthy pullback before any potential continuation of the uptrend.
Fundamental Analysis:
Today’s economic calendar is packed with high-impact USD events that could influence Gold’s price action:
• US Final GDP & Unemployment Claims: These data points will provide insights into economic health and could affect the dollar’s strength.
• Fed Chair Powell & FOMC Members’ Speeches: Multiple speeches from Fed officials, including Powell, could offer clues on future monetary policy, impacting market sentiment and Gold’s direction.
• ECB President Lagarde’s Speech: Potential implications for EUR/USD, which could indirectly impact Gold.
• Pending Home Sales: An important indicator of economic activity that could also influence market sentiment.
Risk Management:
Given the potential volatility from today’s events, it is crucial to maintain disciplined risk management. Consider setting tight stop-loss levels to protect your position in case of unexpected market moves. Adjust your position size according to your risk tolerance, and be prepared to react quickly if market conditions shift.
With these key events lined up, be prepared for heightened volatility. Any surprises in the data or comments from policymakers could lead to sharp movements in Gold, supporting the case for a short-term pullback.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
GOLD Bearish Breakout! GOLD broke the key
Horizontal level of 2577.84
And the breakout is confirmed
So we are locally bearish
Biased and as Because is
Going up to retest the
New resistance from where
We will be expecting a
Local move down !
Gold thoughts 27-Sept-2024Good morning everyone. Kindly find my trading zones for trading opportunities on Gold today, I hope this gives you some position opening insights for today. Remember these are not signals and you use them at your own risk.
