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Xauusdshort

Long USOIL, short XAUUSD It's Thursday, and today is expected to be a highly volatile day in the markets. OIL has the EIA data release, while gold will be affected by the ADP employment report and initial jobless claims data, both of which will likely have a significant impact on price movements. Based on the already released API data, the upcoming EIA data is highly likely to be bullish for OIL. Therefore, the primary trading strategy today should focus on buying on dips. As I previously pointed out, both candlestick patterns and other indicators show clear signs of a bottom formation in oil prices. So, barring any unexpected events, today should be a day of gains. As for gold, with two important data releases today, I expect one to be bullish and the other bearish, primarily setting the stage for Friday’s NFP report. Therefore, today's trading range is expected to widen, with resistance around the 2506-2514 zone and support in the 2468-2452 region. From an overall perspective, short positions at higher levels offer better risk/reward potential. Hence, today's strategy should be to short first, then look for long opportunities on a pullback, and once the market rebounds, resume short positions after the upward move.
OANDA:XAUUSD
by Mia-Signal
Gold may directly point to the 2465-2455 areaToday I made more gold near 2480 and around 2474, and then lock the profit at the nearby position near 2484. In fact, I have explained very clearly about the trading strategy in the short term. Because gold faces the resistance of 2486-2488 in the short-term, this is why I chose to close our bulls in 2484 in advance. And the shorts are relatively obvious at present, and we do more gold just to do the game gold will not fall below the support area near 2470. In addition, many people should have a plan to wait for the gold to rebound to short gold in the 2486-2490 area. Therefore, in order to lock the profit in time, I must choose to make a profit near 2484. At present, the golden short mood is strong. We first observe the performance of gold in the 2486-2490 area. If gold touches the area fall, then we can observe the support of the 2475-2470 region again, and consider making more gold with the support of the area; if the gold breaks through the area in the short term , or even the possibility of continuing to rebound to the 2505 area, then there is no doubt that we can take short gold again! The operation may be less profitable, but it is undoubtedly a safer operation strategy. Once the gold rebounds to the 2505 area, there is no doubt that the gold is short. If the gold falls and falls below the 2470 region, the gold will directly fall to the 2465-2455 area, pointing directly to our stage goals! 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
Gold price tends to decrease - sellers try to prevail⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices rebounded from multi-day lows on Wednesday but stayed under the $2,500 mark as the US Dollar gained strength. Despite this, ongoing geopolitical tensions and expected Fed rate cuts could support gold in the near term. Later in the day, the release of JOLTS Job Openings and the Fed's Beige Book will be closely watched. Investors are eagerly awaiting Friday's US August Nonfarm Payrolls report, which could influence the Fed's rate decisions in September. A weaker-than-expected report might heighten recession fears and prompt faster rate cuts, potentially boosting gold further as lower rates make it more attractive. ⭐️ Personal comments NOVA: Gold broke 2500, fell back to 2470 after yesterday's PMI news, moving in the short-term H1 downtrend. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2462 - $2460 SL $2455 TP1: $2470 TP2: $2480 TP3: $2490 🔥SELL GOLD zone: $2505 - $2507 SL $2510 scalping TP1: $2500 TP2: $2495 TP3: $2490 🔥SELL GOLD zone: $2513 - $2515 SL $2520 TP1: $2500 TP2: $2485 TP3: $2470 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
2
NFP Trading Opportunity: High-Risk, High-Reward! NFP Trading Opportunity: High-Risk, High-Reward! For those who thrive on high-stakes trades, the upcoming NFP report presents a compelling setup. This is a #H1 Buy setup with significant potential, but it comes with higher risks due to the NFP data release. Aggressive Traders: 📈 You might consider jumping into this setup with the expectation of substantial rewards. But beware! The stop loss for this trade might stretch over 150 pips. If you’re willing to take this risk, keep a sharp eye on the #H1 chart. Safe Traders: 🛡 For those who prefer a more cautious approach, reducing your lot size to 30% of your usual trade size can mitigate some of the risk. Trading Plan: Buy Signal: Look for a #H1 bullish candle closing above 2498. Enter long with a stop loss around 2480-2478 and target 150-350 pips. Sell Signal: If you’re leaning towards a sell, place your sell order with the same 2498 level as your reference. Set your stop loss based on the candle closing—if #H1 closes above 2498, exit your sell position and consider switching to a buy. 🔥 Stay sharp and trade wisely! 🔥
OANDA:XAUUSDLong
by MrKTechnicalLevels
1
Gold Analysis==>>Triple Top PatternGold could NOT make a new All-Time High (ATH) on the third attempt and started to fall again, forming a triple-top pattern . Also, Regular Divergence (RD-) between Three Tops . I expect Gold to break down to at least the Support line . Note: My previous post about gold is still valid, and my stop loss (SL) was $2,530😎. Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDShort
by pejman_zwin
2
Gold Analysis==>>Adam & Adam Double Top PatternGold failed to form a new All-Time High (ATH) at the beginning of the week. Gold has successfully formed the Adam & Adam Double Top Pattern in the Potential Reversal Zone (PRZ)($2,539-$2,515) and breaking the Support lines . Credit terms of Adam & Adam Double Top Pattern: 🔸The Adam & Adam Double Top Pattern has the most credibility among the Double Top Patterns after the Eve & Eve Double Top Pattern . 🔸 Regular Divergence(RD-) between two Tops. 🔸The slope of the second top is higher than the slope of the first top towards the Neckline . I expect Gold to decline to at least the target of the double top pattern and attack the lower support line . Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDShort
by pejman_zwin
3
$2500 large accumulation price zone! XAU decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) slipped on Tuesday due to a stronger US Dollar and rising US Treasury yields. However, expectations that the Federal Reserve might cut interest rates in September could support gold, as lower rates reduce the cost of holding non-yielding assets. Additionally, ongoing geopolitical tensions in the Middle East may boost demand for safe-haven assets like gold. Looking ahead, the ISM Manufacturing PMI is set to be released on Tuesday, and the key focus will be on the US Nonfarm Payrolls (NFP) report for August, which could influence the Fed's rate decision and impact gold prices in the near term. ⭐️ Personal comments NOVA: Gold prices enter September with high expectations for volatility and new price increases. Correction to reach new ATH continues this year ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2472 - $2470 SL $2465 TP1: $2480 TP2: $2495 TP3: $2510 🔥SELL GOLD zone: $2509 - $2511 SL $2514 scalping TP1: $2504 TP2: $2498 TP3: $2490 🔥SELL GOLD zone: $2527 - $2529 SL $2534 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
1
XAUUSD: Sell at 2505-2510 resistance zone, target 2490-2480Yesterday was Labor Day in the United States. The amplitude of gold was very small and we did not participate in any transactions. Today the market is back on track and it is time to open our transactions! Gold fundamentals: Tensions in the Middle East have escalated again, and risk aversion has rekindled. Due to the recent positive economic data, the U.S. dollar index continues to rebound, and the ISM manufacturing PMI for August to be released today is expected to rise slightly to 47.5 from 46.8 in July, indicating that the manufacturing industry is recovering moderately, which will continue to support the U.S. dollar. rebound, gold falls. In addition, the market expects that the United States will create 163,000 new jobs in August and the unemployment rate is also expected to rise to 4.2%. This reflects strong economic fundamentals and further boosts the dollar. Gold technical aspect: Judging from the Fibonacci retracement of the decline between the highest point of 2528 and the lowest point of 2490, 2505 is 0.618 and 2510 is 0.5, so this range is the resistance to gold's rebound. Trading strategy: Since the direction is clear now and 2505-2510 is the resistance area, we can sell in this range.
OANDA:XAUUSDShort
by AntonyTP
Continued correction from the level. Time to sell from the levelContinued correction from the level. Time to sell from the level. The gold market is currently characterized by high volatility and uncertainty. Gold is trading at levels that can serve as both support and resistance, depending on macroeconomic factors such as inflation, interest rates and global economic instability. Investors will turn to gold as a safe haven amid the risks associated with financial markets. Analysts are watching how gold prices react to news of changes in central banks' monetary policies, which could affect its value in the short and long term. There is also interest in gold as a hedge against a potential recession.
FXOPEN:XAUUSDShort
by seventhlab
Gold rebounds and continues to shortGold's 4-hour moving average is still turning. If it goes down, then the downside of gold will increase. The resistance of gold's 4-hour moving average is now around 2407. Gold rebounds and continues to be under pressure from the moving average resistance. Gold continues to be short. Gold is just rebounding now. Don't mistake the rebound for a reversal. Gold shorts are not over yet. Gold rebounded in the afternoon, but did not break through yesterday's high, and it fell under pressure. There are still many resistances above. Gold rebounded to 2505-07 and went short directly! From the 4-hour analysis, today's upper resistance is focused on yesterday's opening point of 2507-12. Intraday pullbacks will rely on this position to continue to focus on shorts and look for a decline. The lower target will continue to break the bottom. In the short term, the dividing line between the long and short strength of gold prices will focus on the 2515 mark. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity, and the main tone of participating in the trend should be maintained.
OANDA:XAUUSD
by p7qbp7qb
Gold falls below 2500 !! XAU ! 9/2/24XAU / USD trend forecast September 2, 2024 Protests erupted across Israel after the military recovered the bodies of six hostages allegedly killed by Hamas in Gaza. Israel's largest labor union has called for a nationwide strike, threatening to shut down the entire economy on Monday. Meanwhile, China's NBS Manufacturing PMI dropped to 49.1 in August from 49.54 in July, missing expectations of 49.5, while Non-Manufacturing PMI improved slightly to 50.3 from 50.2, surpassing forecasts of 50.0. In the US, the PCE Price Index increased by 2.5% year-over-year in July, slightly below market expectations of 2.6%. Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024 Based on M30, resistance and EMA 200 line to set up SELL signal /// SELL XAU : zone 2508-2510 SL: 2516 TP: 50 - 150 - 300 pips (2480) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1