Gold levels for today. Hi gold look weak unless it sustains above $2568. If gold breaks todays low go shortShortby priyank71910
Mid-Week Market Report: Post-FOMC Results, Forecast UPDATES!Wednesday, Sept. 18, 2024 This video will cover the updates to the Weekly Forecasts videos posted last Saturday. With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve! Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end of the video! If you like the video, leave a like/boost. I appreciate your comments, as well. I respond to all of my viewers. May profits be upon you. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.14:16by RT_Money0
U.S. Michigan Consumer Sentiment Index.Today's key levels for gold indicate a bearish outlook. Technical analysis shows that gold has recently completed a growth structure, reaching around $2,509 per ounce, with current consolidation patterns forming below this peak. Expectations suggest a potential downward movement targeting levels like $2,468 and possibly down to $2,426 S1: $2,581.10 S2: $2,578.05 S3: $2,575.40 R1: $2,586.80 R2: $2,589.45 R3: $2,592.50 These levels can act as critical points where price action might either bounce back or break through.Shortby BELLATRIXFX2
Silver 91824About to make a push up to 35 as gold holds its strength. Gold could still pull back quite a bit and still remain bullish af. I want to see alot of volume and momentumby BrandonrG0
Gold Vision full targetGold Vision Mind After Open = After Market Mind More info contact me to share idea by Youssefagga11110
XAUUSD - levelsFew levels to watch out for a bounce!! long side - 2550 and 2543 short side - 2566Longby BlueSec1
Why the US dollar bear should tread with careThe USD saw a sharp reversal higher despite a 50bp cut, simply because the markets were positioned for a more dovish dot plot. I have argued in prior analysis the USD exposure is a bit stretched over the near-term, so perhaps shorting the USD is getting a bit stale. We also have several key markets at inflection points after a risk event. Matt Simpson takes a technical look.06:15by CityIndex1
GOLD ALERT WITH CASHTRAINFXBearish Scenario: Key Level: If XAUUSD breaks below 2558, there’s potential for a move toward 2548. Strategy: Consider entering short positions near 2558, with stop-losses placed slightly above this level to mitigate the risk of sudden reversals. Monitoring: Focus on macroeconomic indicators such as interest rates and inflation data to assess the likelihood of further downside momentum. Bullish Scenario: Key Level: A break above 2561 could signal a shift toward bullish momentum, with resistance at 2674. Strategy: Wait for a confirmed breakout above 2561 before entering long positions. Place stop-losses below this breakout to manage downside risk in case of false moves. The inclusion of the potential rise toward 2674 adds more room for profit-taking if a bullish breakout occurs, making your plan adaptable to both market conditions. Keep monitoring relevant economic data for confirmation of your trend bias.by cashtrainfxUpdated 2
This week's profit is expected to be 150%From a technical perspective, gold pulled back as expected at the beginning of the week, and gradually retreated to around $2,560 from Monday to Tuesday, which is also the support near the 5-day moving average price. However, the pullback is not strong, and the daily closing price is still above the 5-day average price, so this small daily negative line is temporarily regarded as a correction. After all, last week's weekly K was a saturated strong positive. For the Wednesday-Thursday trading day, considering that the Federal Reserve announced the interest rate decision on Wednesday trading day, the Asian and European markets also need to digest it until Thursday trading day. Generally speaking, the expected space needs to be slightly increased, and it is obviously not regarded as a normal short-term small shock. I think the potential support level below can focus on $2,550, near the 10-day moving average price, and also close to the previously broken resistance support swap position near $2,530. As for resistance, Tuesday's small negative line high point of $2,586-2,587 is one place. If it breaks through, it may continue to test around $2,595-2,605.by d158kd158kUpdated 1
My thoughts, target and trailing method on the gold tradeHello, I have been a gold bull for a while and 6 months ago I posted a long idea. Last week the price has gone way past my target so I think it might be a good idea to post an update. I am going to divide this in 3 parts: - First taking a look back at this trade and the decisions I made - Second I'm going to check what analysts are saying and upwards versus downward potential - And last, based on the previous two points and TA I'll conclude with a trailing methodology 1- If you were able to get in this was a pretty good trade, easy to hold, but I found it really hard to add to it. In the 2300-2400 area I tried buying the pullback but it was too choppy and random for me, which does not happen that often, usual it's more clean. So in the end of all my winners this year this was the worst one, while the Yen was the best one. If you look at the trends it makes sense, the Yen was a "creeper trend" slow and steady with opportunities to add and on top of that it skyrocketed at the end of that trend, while gold was this skyrocket with a crazy correction that went in all directions. Slow and steady always wins in my opinion. The important thing to remember I think here is to not insist, if the market does not want to offer an opportunity, no point insisting and losing 10 times in a row. Fortunately I did not get chopped out. Opposed to that is the following examples on the Yen, it is choppy, but in a good way, there actually are bottoms, and higher lows, it is pretty clean actually when you look carefully. When the market offers gifts, keep pressing your advantage. That simple. 2- So what are the analysts saying and how far could it go? Permabear (and bull on gold) Peter Schiff is calling 10k, but I think we can dismiss this - not saying it won't happen. Analysts are claiming that the commodity to S&P ratio is quite low and we can prepare for a supercycle. The situation is the same that it was a year ago, only it got even better, countries are continuing to move further away from the USD and are looking to buy gold, stock markets just like currencies are still not very reassuring. Rates had increased but they seem to be going back down after all. I see plenty of reasons for the demand to be high, and little reasons for the price shooting down. It does not appear we are in the euphoria stage, or even close, so gold might still be underpriced and there could be a lot of upside left. The price being at all time high, there are no usual resistances, no bagholders that waited 10 years to breakeven, so logically the only wall I can think of is $3000. No reason for a major pullback till then, which does not mean it won't pullback before 3k as I have no crystal ball. All I know is I have thousands of hours of backtesting, experience, and my analysis. 3- From my knowledge this was a trade with a great risk reward and good likelihood of winning, was aiming for 2500 and since we went well past that price without a major pullback - we had minor ones and a moderate one in the 2300-2400 area - my rules say I must consider holding till the next target, which is 3000. A minor to moderate pullback would be 100ish of less, according to the chart below. Trailing my stop with hops of 100 will still give decent risk to reward (at 2700 I'll be risking 100ish to make 300 or better), and at 3000 a stop of 100-200 is worth it as it could go parabolic and I wouldn't be giving much back. But I have no reason to increase my stop size at 3k, the price might drop by a 3rd (1k in this case) like it did the first time it got to $1000, or by nearly 50% like it did the first time it reached $1900. If there is a major pullback I might as well exit and look for an opportunity to take a new trade. It is unlikely I just keep getting "poop patterns" like I have shown in figure 1 up there, and if we do get these choppy random looking patterns that is too bad, knowing when to sit on the sidelines is the name of the game. Longby MrRenev0
Successful Market Execution on XAUUSDIn this example, we see a perfect market execution on OANDA:XAUUSD . After the liquidity zone ( Asian market , also known as the " Asian Range " or ARZ for short) formed, the price dropped directly into the first order block . Considering the remaining liquidity to be cleared and the supply zone above, marking the current all-time high (ATH) , this was a clear buy signal for me ( long position ). In hindsight, I also noticed that my extension was spot on, although I hadn’t factored that in when entering the trade. This should be mentioned here as an additional confirmation. As you can see, the market quickly filled the ARZ , as usual, and just before the strong bullish move upward, it even dipped back into our order block , which almost knocked me out of the position. However, by that time, I had already secured and partially closed the position. In the end, the market respected all of the mentioned zones, and the trade was a complete success .Longby LucaAgatino0
Gold Intraday Trading Plan 9/19/2024After FOMC annoucing 50bps cut, gold almost touched 2600. After that, a strong reversal and closed the day with a large red bar. With such PA, short term correct will continue. I will sell from 2562-2567 level and targeting 2533.Shortby SteadyFund2
XAUUSD STRUCTUREThe results of the FOMC Statement gave a reaction to gold and made it align with market structure, we will be waiting for prices to mitigate into the 15 Min CHOcH OB before we look for sell entries, we will be opened to flexible changes and we will keep you guys updated, do well to like share and follow. stay tuned for more market structure analysis.Shortby Dr_Trade10
Short set up to sell side liquidity near C legIt's been awhile since I charted and traded oil. I'm noticing a similar bullish set up that the 20yr treasury yield had. If my wave count is correct, oil is showing a bearish 5th wave down. There is a set up for a desc. Triangle pattern which has a stealth ABC wave pattern. I have C wave near the sell liquidity around the 1st of October. Short term I'm bearish on oil particularly the 1hr/2hr time frame.. oil can invalidate this set up, by closing above the .50 fib level.. Not trading or financial advise. No position currently... will update chart once a trade is active or closed.Shortby moneyflow_trader1
XAUUSD market updatePrice came very close to taking us out before going in our direction with the help of FOMCby aanebi051
2024-09-18 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr Gold - Bull trap above the bull wedge as I wrote. Bears confirmed it with the close today. I look for shorts tomorrow and expect 2560 or lower to be hit tomorrow. Anything below 2540 would be a huge surprise and we could see an acceleration down to 2500. If bulls reverse this and trade back above 2610, bears will most likely give up until we hit 2700. comment: Another spike and new ath but huge rejection. I do think the rejection was strong enough to expect follow through and test the lower bull wedge trend line around 2550/2560. current market cycle: bull trend key levels: 2550 - 2630 bull case: Bulls tried to break above the bull wedge and failed. Odds now favor a retest of the lower trend line (daily ema is also there), where I expect buyers to step in more strongly again. If bears somehow fumble this again, bulls would need a reversal of the huge 1h bar and get back above 2600. The longer bulls can stay around 2600, the better. Invalidation is below 2540. bear case: Bears want to keep the momentum strong tomorrow (after the 50+ point rejection from the new ath) and test down to 2550. If they somehow manage to break below 2540, we could see an acceleration down to 2500/2520 but I highly doubt that. Since we had a spike up and then a huge spike down, the dominant pattern is still the bull wedge and there is not much more magic to it than what I described. Bears absolutely need to keep it below 2600 to have a chance of lower prices. Invalidation is above 2605. short term: Neutral until bears get follow through below 2570 or 2600 is clear resistance now. medium-long term: 7 consecutive months where Gold barely went below previous month’s low. Strong buying on the monthly chart but also the third push up we are currently in. I highly doubt bulls get another one so if it continues, it’s without me. I am waiting for a bigger correction. current swing trade: None trade of the day: How could you predict those spikes today? You can’t. How can you trade them? Only viable could have been shorting the spike above 2620 but those are hard to take. You would need a wide stop and scale in. One time you short it correctly and make the trade of the week and next time you blow your account if you are not humble enough. Today was no obvious good trade to be honest.by priceactiontds0
2024-09-18 - priceactiontds - daily update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment : Look at the daily chart and then you can’t be anything but neutral after yesterday and today. Consecutive doji bars with huge tails above and minor tails below. I don’t care about the new ath on the cash index since I trade the chart in front of me and that’s where the ath was in July and due to contract switch it’s now at 5782 while today hit 5756. The high was high enough to qualify as a tripple top now and we can sell off or make a new one above 5800. The dominant feature is the bull wedge and we are kinda closer to the middle than to the top or bottom. I can see this going either way to be honest. Ask yourself this, has the market a reason to sell off right now after the big rate cut? Answer was no before and definitely no after the cut. Does not mean it can not happen anyway. current market cycle: trading range (bull wedge) key levels: 5660 - 5800 bull case: Bulls made another higher high and a higher low. Does not look that good for bulls to buy the close 5680 but it sure as hell does not look bearish. As long as support and resistance are holding, I lean bullish and scalp long. Market is still trading above the 4h 20ema and obviously the daily, so bulls remain in control. Obvious targets above are 5782 and then 5800. Invalidation is below 5665. bear case: Bears need a lower low below 5665 and that’s they only target for now. Until they can achieve that, they have no good arguments on their side. I do think market will spend some more time in this area before we see another breakout. If bears would get below 5665, their next target is the daily 20ema at 5640 and below that is the bull trend line around 5570. Invalidation is above 5810. short term: Neutral between 5665 - 5782. Big range but that’s today’s range where we wildly went up and down multiple times. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Nope trade of the day: Buying 5690 and selling 5720 but you needed wide stops to trade this.by priceactiontds0
The 2550 target has been achieved, how to trade next? Currently, gold has fallen below 2550, and our short-term goal has been achieved. Due to the rapid and sharp decline, there is a need for a rebound and repair on the technical side. It is expected that there will be an increase in the intraday tomorrow. The transaction can be mainly based on low-level longs, and short again after rebounding to the resistance.Shortby Mia-Signal1
Gold to 2530From what we saw during the FOMC meeting I predict to see the price of Gold more lower than the Monthly opening;Shortby RanoTrading0
CRUDE OIL longthe price of Oil just reached a weekly demand level and formed a bullish weekly candle which means from my trading analysis perspective the Oil has to breath and hit the 74.10 , m expecting the next days to be bullish on Oil , keep ur eyes on it Longby OMAR123890
XauvsUsdHello my friends, I posted this to say we just got wind of interest rate cuts. If the possibility we may get the issues of the market. i got my 3 signals so i think this correction comes fast and a hero comes in on the election side. you know my model? Lets see how this gosShortby Noble1Legion0
Buy on the bottom Line of the canal and sell on the top Line…Buy on the low of the canal and sell on the high of the canalLongby stratman0
OHLC Statistical Mapping FOMCRinse & Repeat Bullish model: + Manipulation entry and I was targeting +Distributionby Keclikk1