Xauuusd
GBP/JPYBack Again Tell a Friend
Risk Management is EVERYTHING!
DON'T BE STUPID!
Looking for a 15m Bearish ChofCh
Once this change of Character completes
I will be looking for the retracement of the
move.
Once retracement is complete I shall
EXECUTE A SELL
Potential Gains 300 Pips
Potential Loss 26 Pips
London. Potentially New York
GOLD TRADING POINT UPDADE > READ THE CAPTAINBuddy'S dear friend 👋
Gold trading analysis map 🗾 update Gold already breakout bullish trend. 2721 -2605 Sellers closed trade. gold recover quickly ✔️ 2658 rejected again test diamond zone 2621 again recover quickly ✔️ Bullish trend 📈. Gold ready for short trade 😀 closed below 👇 Trend 📉 2605 - 2548 don't forget back up trand 😱 if blackout 2648 Next target 2680 ?!!!
Support ✨ My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎮
XAUUSD 2,633 - 2634.00 Analysis | 19 November 2024XAUUSD 2,633 - 2634.00 Analysis | 19 November 2024
This idea is based on educational purposes
There are two possibilities as we discuss in my analysis so market would be break that point 2634.00 and after that 2620.00 expected onwards 2614-2610.00
on the other hand , the next path would be on up side if market break 2634.00 to 2636.00 we expected the next range at 2650-2655.00 point
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under buying pressure within the last couple of hour . The pair moved to the level of 2,569.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,579.
Set your stop loss at 2,587. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,550. ($19.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Is the bullish rally over?Gold continues to show upside potential, maintaining a bullish trend. It is currently supported around the 2731 level and may test resistance at 2758, followed by 2790. If it breaks through these levels, it could aim for a new all-time high around 2880. However, a drop below the 2731 support level would bring attention to the next support levels at 2708 and then a stronger support at 2685. Some indicators hint that a pullback might follow after testing these higher levels, signaling a possible shift toward bearish momentum.
Daily Pre-Market Analysis: GOLD & SILVER BUY Watch!Tuesday Oct 29th
I have a bullish bias on the day for both Gold and Silver.
A pullback on the 1H TF to a +FVG, and we may get the buy entry I am looking for.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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XAUUSD: End of the bullish move? OANDA:XAUUSD
Price on today rose to 2589 which is the record all time high on gold, and rejected from that point. Since that price has been consolidating in range. After looking at how price have behaved now we are certain that price is likely to drop. We need to monitor the price in asian session and see if we can see a huge drop in price.
EURUSD - Catch Wave 5 According to Elliot wave theories, Impulsive phase is made up of 5 waves. We are currently in the 4th wave and looking to catch the final wave.
Trade Idea:
-Watch the rejection of our buy zone.
-Look for any reversal pattern or model like trendline break or break of structure
Will update later once we reach our area if interest.
ATH Again? 2500 With Fundamentals?ATH Again? 2500 With Fundamentals?
On Going Situation Is Clearly A Strong Bullish Scenario On Gold Yesterday Gold Has Rose The Price Again Back To 4H Supply Zone. But As I Can See Gold Will Not Stop Now. Maybe With PPUI There Will Be A Manipulated Selloff And A Massive Gain On Gold.
IRAN Has Call For A WAR Against Israel And Israel In On High Alert This News Will Be A Massive Volatile On Today US Session
Middle East escalates, GOLD recovery limited by 2,400 USDWhen tensions in the Middle East suddenly escalated over the weekend, after the opening of the Asian trading session on Monday (July 29), spot gold prices jumped by 15 USD in the short term and gold prices sometimes exceeded past the mark of 2,400 USD/ounce.
On July 27, a rocket attack hit a soccer field in Megidar Shams, a town in the Israeli-controlled Golan Heights, killing 12 children and teenagers playing soccer. 44 others were injured.
This was Israel's worst civilian loss since Hamas launched attacks on villages and military bases in southern Israel from the Gaza Strip last October.
On the night of July 28, local time, the Israeli Prime Minister's Office issued a statement saying that after a 4-hour meeting, the Israeli government's Security Cabinet meeting ended late at night on the 28th and the meeting authorized Israeli Prime Minister Netanyahu and the Prime Minister of Israel.
Despite recent volatility, gold maintains its underlying bias toward solid gains as markets increasingly expect the Federal Reserve to cut interest rates by the end of the quarter. According to CME's FedWatch tool, the market has fully priced in a September rate cut.
The latest inflation data won't stop the Federal Reserve from cutting interest rates in September. The Fed is increasingly expected to lay the groundwork for a rate cut in September, at least at its meeting on this week.
While the Federal Reserve's monetary policy meeting will be the main economic event this week, some attention will also be directed to the U.S. Department of Labor due to July nonfarm payrolls data. announced on Friday.
In addition to cooling inflation, expectations of slowing growth in the US labor market will cause the Federal Reserve to lower interest rates before the end of the year.
The Fed is not the only central bank holding a monetary policy meeting this week. The Bank of England will announce its interest rate decision on Thursday, with market expectations that the central bank will also cut interest rates. Meanwhile, the Bank of Japan will hold a monetary policy meeting later on Tuesday.
Notable economic data and events
Tuesday: US consumer confidence; JOLTS Jobs; Monetary policy decisions of the Bank of Japan
Wednesday: ADP Nonfarm Payrolls; US Pending Home Sales,
Thursday: Bank of England monetary policy decision; US weekly unemployment claims, ISM manufacturing PMI
Friday: US nonfarm payrolls
Analysis of technical prospects for OANDA:XAUUSD
Although gold has recovered, temporary gains are still limited by the original price level of 2,400 USD, which is also noted as an important target resistance level.
For the gold price to have adequate conditions for upside, it needs to break above the $2,400 technical level and the next targeted target level at $2,408 in the short term, more so than the $2,437 price point. of Fibonacci retracement 0.236%.
Temporarily, gold is not yet qualified to form a complete bullish cycle, while once gold falls below the 0.50% Fibonacci retracement level it will tend to retest the 0.618% Fibonacci level, and a Once the $2,362 level is broken below, a new bearish cycle is likely with a target around $2,329.
During the day, the technical outlook for gold prices leans more to the downside with conditions for a new bullish cycle noted above. Notable technical levels are listed below.
Support: 2,385 – 2,378 – 2,362USD
Resistance: 2,400 – 2,408USD
🪙SELL XAUUSD | 2414 - 2412
⚰️SL: 2418
⬆️TP1: 2407
⬆️TP2: 2402
🪙BUY XAUUSD | 2377 - 2379
⚰️SL: 2373
⬆️TP1: 2384
⬆️TP2: 2389
GOLD has more technical pressure, ready for major eventsOn Wednesday, the Federal Reserve will conclude its two-day meeting and announce its interest rate decision. The market generally believes that this meeting will not make a decision to cut interest rates but will provide guidance for an interest rate cut in September.
The fact that the Fed will not cut interest rates at the upcoming meeting has been fully priced in by the market, so interest rate guidance in September and the end of the year will be the focus of this FOMC meeting.
Traders prepare for a series of market events, in addition to a midweek policy decision from the Federal Reserve, decisions from the Bank of Japan and the Bank of England, as well as the nonfarm payrolls report. The US economy on Friday will also have a significant impact on the general market and the gold market in particular.
In Asian markets on July 30, OANDA:XAUUSD recovered from the $2,378 level noted by readers in the weekly edition, but overall it needs to recover much more strongly to be able to get the conditions for Expectations of a new bullish cycle.
The point worth noting is that the original price level of 2,400 USD will be the nearest resistance and is also very important. If gold breaks and maintains above this level, it will have enough conditions to technically increase in price. The target level after breaking $2,400 is $2,408 in the short term and more likely is $2,437.
Meanwhile, currently, the gold price still has a more bearish position with initial resistance from EMA21 and the lower edge of the price channel and the 0.50% Fibonacci retracement level at 2,385 USD.
Once gold is sold below the 0.618% Fibonacci level, it will open a new downtrend with the target level then being around 2,329USD. On the other hand, the Relative Strength Index has not yet reached the oversold level, showing that there is still room to decline.
During the day, the current position is heavily tilted to the downside with notable technical levels listed below.
Support: 2,378 – 2,362USD
Resistance: 2,385 – 2,390 – 2,400USD
🪙SELL XAUUSD | 2419 - 2417
⚰️SL: 2423
⬆️TP1: 2412
⬆️TP2: 2407
🪙BUY XAUUSD | 2351 - 2353
⚰️SL: 2347
⬆️TP1: 2358
⬆️TP2: 2363
GOLD rose 1% after US inflation dataGold prices increased 1% on Friday (July 26), as US Government bond yields fell due to optimism that the US Federal Reserve (Fed) will lower interest rates in September, after data showed that inflation in the US increased slightly in June.
At the end of the trading session on July 26, the spot gold contract increased 1% to 2,388.05 USD/oz, after hitting the lowest level since July 9, 2024 on July 25. Gold futures contracts added 1.2% to 2,381 USD/oz.
US economic data was mixed to weaker today, showing inflationary pressures and weakening economic activity, paving the way for the Fed to lower interest rates twice this year.
Fed policymakers on July 26 got fresh evidence of progress in the fight against inflation, raising expectations that they will use next week's meeting to signal a rate cut. Rates start in September.
Lower interest rates reduce the opportunity cost of holding non-yielding metals.
The US Department of Commerce's Bureau of Economic Analysis said the personal consumption expenditures (PCE) price index in the US in June inched up 0.1% compared to the previous month, after remaining unchanged in May.
After the inflation data, the 10-year US Government bond yield fell to its lowest level in a week.
Meanwhile, physical demand in India, the world's second largest consumer, received a boost when the country reduced import taxes on precious metals earlier this week. Gold prices in India also surged to its highest level in a decade this week.
The market focuses on GDP, PCE, GOLD recovers around $2,400OANDA:XAUUSD fell below its original price of $2,400 on Monday (July 22) as the dollar strengthened slightly, making gold more expensive for holders of other currencies, while markets waited for more data US economists and Federal Reserve officials commented this week to clarify the interest rate cut schedule.
According to CME "Fed Watch" data, the probability of the Fed keeping interest rates unchanged in August is 97.4% and the probability of cutting interest rates by 25 basis points is 2.6%. The probability of the Fed keeping interest rates unchanged until September is 5.8%, the probability of a cumulative interest rate cut of 25 basis points is 91.7% and the probability of a cumulative interest rate cut of 50 basis points is 2. 4%. Lower interest rates reduce the opportunity cost of holding unprofitable gold, and are an important support for gold prices.
Joe Biden announced on Sunday that he would withdraw from the US presidential race and endorse Vice President Kamala Harris as the Democratic Party candidate in the November election. But it forced a reassessment of risks in the markets. financial markets, affecting gold prices on Monday.
As noted to readers in yesterday's edition, if Trump is re-elected, gold will be under certain pressure in the short term because Trump has a harsh tariff stance. But there will not be fundamental pressure because gold will still be supported by the US Federal Reserve's (Fed) gradual interest rate cuts.
Markets are currently focused on second-quarter US gross domestic product (GDP) data released on Thursday, as well as personal consumption expenditures (PCE) data released on Friday.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold fell to levels around the original price point of $2,400, an area that will be noted as a very important support area.
The area around 2,400USD is a very important support area because this is the confluence of many technical indicators from EMA21, the lower edge of the medium-term rising price channel and the 0.236% Fibonacci level.
If gold can recover to maintain price activity above its original price of $2,400, then overall the bullish structure has not been broken and there is still upside potential. The upward momentum will become clearer if gold can bring price activity above 2,430 USD, at which point the target level will be around 2,465 USD in the short term.
As long as gold remains above EMA21 and within the price channel, the medium-term technical outlook remains bullish, which means long protection levels should be placed behind EMA21.
During the day, the prospect of recovery with the main uptrend will be noticed by the following technical levels.
Support: 2,400 – 2,390USD
Resistance: 2,416 – 2,430USD
🪙SELL XAUUSD | 2434 - 2432
⚰️SL: 2438
⬆️TP1: 2427
⬆️TP2: 2422
🪙BUY XAUUSD | 2372 - 2374
⚰️SL: 2368
⬆️TP1: 2379
⬆️TP2: 2384
GOLD ( AFTER ATTACKING YEMEN & ISRAIL ) ( 1D )XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure until trade above turning level
TURNING LEVEL : the price of turning level around 2,391$ , indicates the price trade above this level reach a resistance level ( inside supply zone ) , but if breaking this level or breaking FVG reach a support level .
RESISTANCE LEVEL : around 2,425$ and 2,468$ , if the price trade above turning level reach this levels .
SUPPORT LEVEL : support level between 2,331$ and 2,299$ and called ( demand zone ) , for reach this level will be breaking and stabilizing below turning level .
PRICE MOVEMENT : in the previously price rising and created a new historical peak at 2,485$ , but after breaking 2,368$ , gold started a dropping as mentioned , currently price 2,400$ , if the price trading above turning level at 2,391$ , rising to reach a resistance level 2,425$ , then stabilizing this level reach a 2,368$ , if the price stabilizing above 2,368$ maybe it will reach a new historical peaks at 2,500$ , breaking turning level reach a support level at 2,331$ , and by open 1D candle below this level reach a 2,299$ .
TARGET LEVEL
RESISTANCE LEVEL : 2,325$ , 2,365$ .
SUPPORT LEVEL ; 2,331$ , 2,299$.
Gold fell as expected, making a huge profit of 500pipsThe magic was successfully demonstrated, and we finally met at 2430-2420! In the past two days, I have been emphasizing shorting gold and setting a target: 2430-2420. And the day before yesterday, I also emphasized in the article that shorting gold in batches in the 2470-2480 area, the target is 2430-2420. Today, gold continued to fall, and the lowest has reached around 2404. Perfectly hit our target area, we successfully made a profit of 500pips, a great deal!
At present, gold has fallen sharply and has continuously broken through multiple short-term supports. Now it is not just a correction, but the market sentiment venting and the selling of chips have formed a combined force to stimulate gold to form a new downward trend. At present, gold has fallen below the support near 2410, and the short-selling counterattack has strong potential. At present, there is no technical structure to support the rebound of gold, so I think gold will definitely test the 2400 integer mark. If gold falls below 2400, then gold may accelerate its decline to the 2385-2360 area in the future.
So in terms of trading, don't go long on gold for now; but the market won't give us a good position to go short easily. So what we have to do now is to wait and see! Of course, if gold has a chance to rebound to 2420, we can go short on gold.
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GOLD ( UNDER PPI NEWS EFFECT ) ( 4H ) XAUUSD
HELLO TRADERS
Tendency the price trade above turning level at 2394$ , indicates is under bullish pressure
TURNING LEVEL : a black line between resistance and support level around 2,394$ , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level
RESISTANCE LEVEL : there is a green line above turning level around 2,423 $ , indicates selling have already increase this level , so if the price trade above turning level reach this level
SUPPORT LEVEL : there is a black line below turning level around 2,369$ , indicates buying have already increase this level , so if the price breaking turning level reach this level
PRICE MOVEMENT : know the price in the FVG area ,it will attempt reach a turning level around 2,394$, after rising to the resistance level around 2,423$ , then stable above this level reach 2,440$ , if the price breaking turning level reach a support level at 2,369$ , then stable by open 4h candle above this level reach a 2,345$
TARGET LEVEL :
RESISTANCE LEVEL : 2,423$ , 2,440$
SUPPORT LEVEL : 2,369$ , 2,345$
GOLD ( FED CHAIR POWELL ) ( 4H )XAUUSD
HELLO TRADERS
Tendency active bullish after the price breakout the resistance trendline .
TURNING LEVEL : a blue line between resistance and support level around 2,348$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level .
RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 2,337$ , indicates buying have already increase this level , so if the price breaking turning level reach this level .
PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,348$ , after rising to the resistance level around 2,378$ , then stable above this level reach 2,391$ ,
if the price breaking turning level reach a support level at 2,337$ , then stable by open 4h candle below this level reach a 2,320$ , know the price in the supply returned to the demand zone may be reach a turning level before long .
TARGET LEVEL :
RESISTANCE LEVEL : 2,378$ , 2,391$
SUPPORT LEVEL : 2,337$ , 2,320$
The US economy clearly shows cracksGOLD the day gone by after having a robust fee drop of almost 30 points. Now it has returned. With the fashion in H4 and D1 nonetheless displaying an boom, consistent with me, GOLD will maximum possibly check one extra beat to boom 238x.
With the information that the conflict remains going on, consistent with me, destiny GOLD could be capable of boom with the aid of using 2,500, everyone!!
For today`s plan, please confer with BUY GOLD round 2355>2359
SL 2351
TP 2366>237x
Currently the Buy facet is pretty robust so I will consciousness on BUY. If there's a brand new overall performance or a Sell point, I will notify you later, everyone
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The enduring power of americaA financial system through the years has amazed specialists. However, cracks are beginning to seem withinside the world`s biggest financial system because the carrier region weakens markedly because the unemployment price hits its maximum degree in almost 3 years.
Some financial specialists are starting to fear that americaA financial system is ready to fall into recession, that could purpose americaA Federal Reserve (Fed) to behavior a chain of hobby price cuts.
XAUUSD ( UPWARD ) ( 4H )XAUUSD
HELLO TRADESRS
Tendency the price will trying to touch turning level before long , indicates a price is under bullish pressure .
TURNING LEVEL : a gold rectangular between resistance and support level , a round 2,317$ , which indicates two cases , the first cases until the price breaking this level reach a support level , the second case the price trade above this level reach resistance level .
RESISTANCE LEVEL : a green rectangular , an area above the turning level around 2,345 $ , indicates selling have already increase at this level .
SUPPORT LEVEL : a red rectangular , an area below turning level around 2,300 $ , indicates buying have already increase at this level .
PRICE MOVEMENT : the price is under bullish pressure until trade above turning level at 2,317 $ , it will attempt to reach resistance level at 2,330 $ , then trade above this level reach next target at 2,345 $ , if the breaking turning level reach to support level 2,300 $, then stable below this level reach next target 2,278 $ .
TARGET LEVEL :
RESISTANCE LEVEL : 2,330 $ , 2,345 $
SUPPORT LEVEL : 2,300 $ , 2,278 $