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Gold fluctuates downward and shorts profitThe minutes of the Federal Reserve's September monetary policy meeting revealed deeper divisions at the Fed. Although only one person, Fed Governor Bowman, voted against the decision, the minutes showed that there were more divisions among policymakers than the nearly unanimous decision would indicate. The Fed cut its benchmark policy rate by 50 basis points in the minutes of its September 17-18 meeting, which noted that the pace of future rate cuts would not be determined by an initial large rate cut. Powell encountered some resistance in pushing the Fed to make a decision to cut interest rates by 50 basis points, as more than one of his colleagues advocated only a 25 basis point cut in interest rates. However, geopolitical tensions remain, helping gold prices to stay above the 2,600 mark. Investors now await the US Consumer Price Index (CPI) data to be released on Thursday to further understand the interest rate outlook. Now, traders' attention shifts to the US CPI data to be released on Thursday. The market estimates that inflation will continue to decline. However, if inflation is higher than expected, this will open the door for the Fed to pause its easing cycle. In addition, the number of initial jobless claims in the United States will also be released on this trading day, and investors also need to pay attention to it; in addition, continue to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation. Gold technical analysis: Gold fell again yesterday, and the daily line is currently 6 consecutive negatives. It ran below 2620 for most of the trading day yesterday. Overall, it fell below the 20-day moving average, and the 5-day moving average is currently running below the 10-day moving average. The moving average diverges downward, and we continue to maintain a short position. Today, Thursday, the US CPI data was released. While gold remains bearish, it needs to pay attention to the support below. It is expected that the market will have a short-term directional choice. Why do I say that? The daily chart shows that the current short-term trend line is just around the 2600 mark; the market has fallen from 2685, and it has fallen by basically 80 US dollars. Whether it will continue to fall further, or stop falling and rebound and then fall again, it is expected that there will be a result today. In terms of short-term gold operation ideas today, Jin Shengfu recommends shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 2622-2624 line of resistance, and the short-term focus on the lower side is the 2600-2604 line of support.
OANDA:XAUUSDShort
by q1620q1620
XAU/USD 10 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024. Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS. We are now trading between an internal high and fractal low. CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price. Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024. Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS. We are now trading between an internal high and fractal low. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line. Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 10/10/2024 correction is over? Looking at H1 we see that the price is in a complex correction pattern WXY During a complex correction, trying to label the waves accurately is very difficult and not feasible for real trading. Instead, we look for potential targets for the end of the corrective wave I measure the end target of wave Y at 2 price zones, which are the 2589 - 2586 zone and the 2575 - 2572 price zone, which is also the price zone where we set the BUY target Looking at the sideway price zone, we see that in this zone, there are 2 large supply zones, which are the 2639 - 2642 zone and the 3670 - 2673 zone, which will also be our SELL target zone At the moment, my expectation is to catch the bottom of the upcoming uptrend, so we will pay special attention to the BUY zones Trading plan BUY ZONE: 2589 - 2586 SL: 2584 TP1: 2606 TP2: 2622 TP3: 2661 BUY ZONE: 2575 - 2572 SL: 2565 TP1: 2585 TP2: 2606 TP3: 2661 SELL ZONE: 2639 - 2642 SL: 2650 TP1: 2625 TP2: 2606 TP3: 2594 SELL ZONE: 2670 - 2673 SL: 2680 TP1: 2662 TP2: 2641 TP3: 2625
OANDA:XAUUSDShort
by DEEKOP
Has gold seen bottom? Can we continue to be bearish? Yesterday I clearly suggested shorting at 2648, and 2630 was not the short-term bottom. The final result was in line with expectations and unexpected, because the gold price plummeted by nearly $50, not only reaching our target of 2615, but also reaching the lowest point of 2604. I believe that friends who follow the trading strategy have made a lot of money. Congratulations! Let's get back to the point. Because the market's bets on the Fed's sharp interest rate cuts have faded and most of the market's positions have chosen to take profits, gold fell sharply by nearly $50 during the US trading session yesterday, with the short-term low reaching 2604, and then the decline narrowed. As of now, it has remained around 2620 for consolidation. From the gold daily chart, although the lowest point reached 2604, the final closing price was above 2620, just when the daily MA20 daily moving average position was held, and there was no effective break. So since the lower support has not broken, we cannot directly choose to continue shorting today. Instead, we have to wait for the rebound power to be consumed before going short, and the upper suppression area will be a good choice. From the 1H chart, the previous support of 2630 has now turned into resistance, and the same is true for the 2640 line. Therefore, today we need to observe the resistance situation in the 2630-2640 area. Once there is a sign of reversal here, I think it is an opportunity to short. If there are any latest changes in transaction details, I will update you in time in the channel. If you are interested, you can enter below.
TVC:GOLDShort
by AntonyTP
XAU/USD 09 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS. We are now trading between an internal high and fractal low. CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price. Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS. We are now trading between an internal high and fractal low. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line. Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD GOLD Technical Analysis and Trade Idea👀👉 XAUUSD (Gold) has been under selling pressure recently, presenting a possible short-term day trading opportunity. In this video, we’ll analyze the price action, examine the prevailing trend and market structure, and discuss a potential trade setup. Risk Disclaimer: Trading Forex involves significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and should not be interpreted as financial advice. 📉✅
FX:XAUUSDShort
by fxtraderanthony
XAUUSD: Double Top/Head and Shoulders From a broader perspective, gold currently resembles a head and shoulders pattern. However, if we focus on a smaller scale, it appears to be forming a double top. For now, we will base our market analysis on this smaller pattern to guide our trades. Typically, after a double top forms, a rebound often follows. This is one of the primary reasons why I recommended a buy position before yesterday's close. When bullish momentum is strong, the price tends to rebound towards or even above the resistance level. In cases of weaker bullish strength, the rebound peak may fall below or only reach the resistance level. Given the current state of the market, the bulls still hold decent power, making it likely that the rebound will test or even surpass the resistance zone around 2629-2638. This area can be considered as a potential exit point for long positions and an ideal entry point for shorts. For short positions, the initial target can be around 2596, which was a previous resistance level during the uptrend. The mid-term target aligns with the low formed during the left shoulder of the head and shoulders pattern, around 2558. The final target would be near 2518, the starting point of the head and shoulders formation. Every trader has their own preferred strategy, but the key is to align with the overall trend. Even if short-term volatility creates challenging situations, staying patient and trusting the broader market direction will lead to success in the end. The process may involve several tests, but perseverance and timing are crucial.
OANDA:XAUUSDShort
by Mia-Signal
Gold 2630-2638 Range Is Good For Shorting After a significant rally, gold has finally retraced to the 2600 level. If you’ve been following my recent analysis, you should have already taken advantage of this move. Yesterday, my strategy was to short at 2648, closing near 2618, while recommending a long position near 2610 with a target range of 2620-2628. This approach played out perfectly, securing notable profits. Gold is now hovering around the MA20, where resistance is expected to be minor. The key resistance zone lies between 2632-2638, close to the MA60. While it may not reach this level, the current rebound is not over yet. If it reaches the MA60 region, it will present an ideal shorting opportunity with at least $10 of downside potential. Successful trading always relies on strong signals—don’t you agree?
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Gold shorts are not over yet, watch out for accelerated declinesThe September NFP data is good news for the market, giving the market more reasons to prepare for the latest inflation data. Last week's heavyweight employment report puts more pressure on this week's CPI data. If the data unexpectedly rises sharply, it is likely to cause market turmoil. After the blowout employment report last Friday, the importance of this week's CPI has been significantly provided. We have noticed that the US dollar has continued to maintain its upward momentum recently. It is likely to continue its upward trend before the release of CPI data. If there is a correction, it can only be after CPI. Therefore, the rise of the US dollar will bring continued suppression to gold. It can be seen from the figure that the gold price has repeatedly tested the low point of 2630 during the decline. I think 2630 is not a short-term bottom. It will fall below in the next two days. Once it falls below, you can see the support of the lower moving average near 2615. In addition, 2648 is the 0.382 position of the Fibonacci retracement. The pressure effect here has been verified many times before, so friends who are short can choose to sell here. My personal short position is currently in a state of substantial profit, but I will not close the position for the time being. I will continue to hold and expand the profit.
TVC:GOLDShort
by AntonyTP
xauusd / gold ideawe can see near 2653 there have a FVG market have to trigger that entry for sell side dip so once market trigger the area go for lower time frame minimum 5m so you can see a CHOCh on that area once you get CHOCh go for a sell fly 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
OANDA:XAUUSDShort
by TRADING_MASTER_DAVIS
XAU/USD 08 October 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 06 October 2024. -> Swing: Bullish. -> Internal: Bearish. Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low. Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone. Intraday Expectation: Price is expected to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's analysis (07 October 2024) mentioned the alternative scenario, where I noted that given the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum would likely be short-lived, and price could potentially print a bearish iBOS. Price has now printed a bearish iBOS, which was expected as the H4 timeframe remains in a bearish pullback phase. Intraday Expectation: After the iBOS, we anticipate a pullback. CHoCH positioning is marked by a blue dotted line. Price could potentially print a new low, bringing CHoCH positioning closer to the current price. This has occurred whilst I was preparing analysis. CHoCH is now closer to current price action. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: 7/10 Today's Market Analysis and StrategyTechnical analysis of gold Daily resistance 2700, support below 2622 Four-hour resistance 2685, support below 2634-22 Gold operation suggestions: Gold fell slightly after violent fluctuations last Friday, closing at $2652.64, because the stronger-than-expected US employment report poured cold water on the Fed's expectations of aggressive interest rate cuts in November, boosting the dollar to a high of more than one and a half months, and US Treasury yields also rose sharply to a high of nearly two months, overshadowing the risk aversion concerns over the tense geopolitical situation in the Middle East. U.S. job growth accelerated in September, and the unemployment rate fell to 4.1%, further easing the pressure on the Fed to cut interest rates by another 50 basis points at the November 6-7 policy meeting. The overall technical aspects of gold prices continued to fluctuate in a wide range of long and short positions in volatile trading. From the current short-term perspective, the upper 2675-85 area still forms a strong resistance and suppression area. At the same time, the 2634 area where it fell and stabilized last week is still effective. The lower 2622 daily level support is still bullish. In the short term, gold prices continue to maintain a wide range of long and short fluctuations before there is no news stimulus in the market. BUY:2650near SL:2647 BUY:2634near SL:2630 BUY:2622near SL:2618 SELL:2666near SL:2671 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 06 October 2024. -> Swing: Bullish. -> Internal: Bearish. Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low. Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone. Intraday Expectation: Price is expected to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Following a bullish iBOS, price has been highly volatile but remains contained within the internal range. Price has wicked both above and below the internal range without any candle closures. Intraday Expectation: Technically, price is expected to target the weak internal high. Price has attempted to reach the weak internal high but has failed to close above. Alternative Scenario: Given that the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum is likely to be short-lived. Price could potentially print a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK