NQ longLooking for longs below the relative equal lows expecting higher prices since we got so close to those old highs would expect to see price reach for those before moving lower.Longby SayonaraSan0
Monday Market Analysis and SignalsGold fluctuated at a high level on Monday, and the current price is around 2586. Gold prices rose sharply last Friday, hitting a record high of 2586, with the largest weekly increase since early April. Optimism about the Fed's upcoming rate cut has driven gold prices higher, and capital inflows and the decline of the US dollar have also played a catalytic role. The latest data shows that market expectations for the Fed's 50 basis point rate cut in September have also heated up. Gold has been one of the best performing commodities among major commodities this year. So far this year, gold has risen by more than 20%, thanks to expectations of Fed rate cuts, strong central bank purchases and strong purchases in Asia. The safe-haven demand brought about by the increased geopolitical risks and uncertainty before the US election in November has also supported gold's record gains this year. Super central bank week will debut this week, and the Federal Reserve, the Bank of Japan and the United Kingdom will release their September interest rate decisions. The market generally expects this to be the starting point of the Fed's easing cycle. According to historical trends, gold prices tend to fluctuate higher before the Fed cuts interest rates, but after the Fed cuts interest rates, gold prices will usher in a wave of declines, and investors need to be vigilant. Technical aspect Technical aspect: The gold daily and weekly structure maintains a bullish trend. The MA10/7-day moving average of the daily chart maintains a golden cross and opens upward. The MACD kinetic energy column increases in volume. The price of the short-term four-hour chart forms 8 consecutive positives and ushered in a new historical high again. The price is running in the upper and middle track of the Bollinger band, and the moving average opens upward. However, the RSI indicator of the hourly and four-hour charts touches above 80 values, entering overbought, and beware of the short-term correction demand for gold prices. The trading idea at the beginning of the week is to follow the trend and go long at low prices. Trading strategy: 2570-2572 long, stop loss 2560, target 2590-2600; 2598-2600 short, stop loss 2610, target 2580-2570;Longby Jun-goldFX5
More Upside For XAUUSDAs Gold approaches the 2600 level, I'm anticipating some volatility around this resistance level before a continuation higher. FED cutting rates this week could push gold higher, especially if we see the DXY lose ground. However, volatility is could be high, with choppy price action around this resistance level. Look for short term upside scalps or to buy on retracement.Longby JinDao_Tai3
XAUUSD / TRADING BELOW RESISRTANCE TRENDLINEXAUUSD / 4H TIME FRAME HELLO TRADERS overall trading under downward pressure , until trading ATH prices below 2,589$ . Prices remain under bearish pressure as long as they are trading below the all-time high (ATH) of $2,589. Sustained trading beneath this critical resistance level indicates a continued downward trend, with an expected decline first targeting $2,570. If the price breaks below this level, the next support could be found at $2,551. However, should the price break above the $2,589 resistance level, confirmed by a 4-hour candle close above this threshold, a bullish reversal is likely. In this scenario, the price may rise to test $2,600 as the next resistance level. Further upside potential could push prices higher, possibly reaching $2,620 if buying momentum strengthens. UPWARD TARGET : 2,600$ , 2,620$. DOWNWARD TARGET : 2,570$ , 2,551$. Shortby ArinaKarayi5
Gold 16/9/2024Current Trend: Gold is in a strong uptrend across multiple timeframes, confirmed by breakouts and higher highs and lows. Buy Strategy: Look for buying opportunities as long as the 30-minute chart maintains its bullish structure: Wait for Bullish BOS: Look for a bullish Break of Structure (BOS) on the 30-minute chart to confirm continuation. Stay Above 20 MA: Ensure the price remains above the 20-period Moving Average (MA) on the 30-minute chart. Signal for Deeper Correction: Breakdown Below 20 MA or BOS 30 min down: If the 30-minute price closes below the 20-period MA, it may signal a deeper correction. Watch for further lower highs (LH) and lower lows (LL) for confirmation of a trend reversal. Longby hadi_a_hobballah1
Falling towards 50% Fibonacci support?USOUSD is falling towards the support level that is an overlap support that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 67.83 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Stop loss: 66.26 Why we like it: There is a pullback support level. Take profit: 70.43 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets6
silver on crucial resistance zonesilver again testing 90000 zone, this zone will clarify further direction of silver.by marketdetective0
9.16 Gold Short-term Analysis GuideLast Friday, an article from the "Federal Reserve's mouthpiece" once again fueled speculation that the Fed might cut interest rates by 50 basis points at this week's policy meeting. The dollar index continued to fall and once lost the 101 mark, but recovered some of its losses during the U.S. trading session and finally closed down 0.13% at 101.10. U.S. Treasury yields fell slightly, with the benchmark 10-year Treasury yield closing at 3.657%; the two-year Treasury yield, which is more sensitive to monetary policy, finally closed at 3.595%. The Dow Jones Industrial Average closed up 0.72%, the S&P 500 closed up 0.54%, and the Nasdaq closed up 0.65%. Trump Media closed up 7.62%. Today's focus: The eurozone will release the seasonally adjusted trade account for July; The United States will release the New York Fed Manufacturing Index for September; ☆ Closed reminder: Today, the Tokyo Stock Exchange, Seoul Stock Exchange, Shanghai, Shenzhen and Beijing Stock Exchange The market's expectations for the Fed's upcoming interest rate cut continue to heat up. , the market currently expects the Fed to cut interest rates by 50 basis points at the September 18 meeting to reach 43%, while the probability of a 25 basis point cut is 57%. This is the first possible rate cut by the Fed since 2020. The driving effect of the expectation of rate cuts on gold prices is obvious. The lower interest rate environment reduces the holding cost of gold and increases its attractiveness as a non-yielding asset. Before the Fed meeting, gold prices usually show a trend of fluctuating higher. However, after the rate cut, gold prices may experience adjustments. Therefore, investors need to be vigilant about possible market reactions. Monetary policy changes by major central banks around the world have an important impact on the gold market. The ECB's rate cut decision last Thursday reduced the opportunity cost of holding gold and further strengthened market expectations for loose policies. At the same time, U.S. inflation data has stabilized, providing the Fed with more room to consider rate cuts. With the easing policies of the Federal Reserve and the European Central Bank, the bullish sentiment in the gold market has significantly increased. In addition, the depreciation of the U.S. dollar against the yen has further increased market interest in gold. The strong performance of the gold market was also driven by fund inflows. Data shows that the holdings of SPDR Gold Trust, the world's largest gold-backed ETF, have reached their highest level since January this year. The World Gold Council (WGC) reported that global physical gold ETFs attracted inflows for the fourth consecutive month in August, which further supported the rise in gold prices. In addition, geopolitical risks are also an important factor in the rise in gold prices. Geopolitical tensions in major economies around the world have increased market uncertainty and further boosted demand for gold as a safe-haven asset. These factors, including the Russian-Ukrainian conflict and tensions in the Middle East, have prompted investors to put their money into gold to avoid potential risks.Longby David_strategy113
XAUUSD 9/16/24💹 Commodities: 👁️ Outlook 30m Context Time Frame: Price has been breaking bullish all last week. This week I am expecting price to definitely have some type of re-accumulation before another continuation because we are overextended on every time frame. Daly Bias: Waiting for re-accumulation before another continuation Keeping an eye on this. 👁️by angelvalentinx2
Gold, turn downIn my opinion, at the level of 2525 there was a price reversal on gold. It is confirmed by MACD and other indicators. I expect price movement down to the local line trends (watch the schedule) and further, in case of its overcoming, the movement to the purpose about 2160. Information provided is only educational and should not be used to take action in the market.Shortby Yuriy_KuznetsovUpdated 8
GOLD Will Go Higher! Long! Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2,585.002. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,655.358 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider113
Xtiusd analysis shortly Usoil looking one more downfall possible 1:3 RR Friday analysis got nice move Today we saw about another fall Overall trend down side stillShortby DNA_traderofficials1
Gold analysis short termGold looking short term correction possible downside 1:2 RR ATH position Shortby DNA_traderofficials0
gold price: target near 2660, and 2024 peak expected 2750(70).gold price: target near 2660 2024 peak expected 2750(70). with the ELLIOTT wave pattern for gold price i am planning. GOLD PRICE is in the strong days of wave 5 continuously expanding. look at the chart here, you can understand my idea and plan.Longby tienluc0
GOLD continuously sets new peaks, conditions for 2,600 USDEnd of last trading week, OANDA:XAUUSD Spots hit a new all-time record high, building on the strength and momentum received from Thursday, as the market bullishly priced in the possibility of a sharp interest rate cut by the Federal Reserve this week. . Gold prices have surged this year, driven by the Federal Reserve's loose monetary policy, central bank buying and strong safe-haven demand from conflicts in the Middle East and Ukraine. pushed up gold prices. Safe-haven demand has pushed gold up more than 24%, driven by geopolitical crises and economic uncertainty, as well as strong central bank buying. Last week, the World Gold Council said global physical gold exchange-traded funds saw capital inflows for the fourth consecutive month in August. As the Federal Reserve's next meeting on September 18 approaches, markets are paying close attention to the possibility of the US cutting interest rates for the first time since 2020. Low interest rates tend to support gold and creating pressure on the USD. The Chicago Mercantile Exchange's FedWatch tool shows investors now see a 50% chance of a 25 basis point cut and a 50% chance of a 50 basis point cut next week in US interest rates. Looking ahead, the gold market this week will focus on important events such as the Fed's interest rate decision and the revised Dotplot chart, comments by Fed Chairman Jerome Powell at the post-FOMC press conference, expected will create big fluctuations in the market. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold achieved the target increase sent to readers in the issue at the 0.618% trend-following Fibonacci extension and the upward momentum slowed, narrowing below this level. Looking at it comprehensively, gold is still completely capable of continuing to increase in price as the Relative Strength Index points up with a large slope but has not gone above the overbought level, showing that there is still room for upward momentum. still ahead. In the short term, as long as gold remains within the price channel and above the EMA21, its trend remains bullish and pullbacks that do not break these supports should only be considered technical corrections without change trend. In the immediate future, if the gold price is pushed above the 0.618% Fibonacci level, it will have enough conditions to continue to increase to the original price of 2,600 USD and more than the 0.786% Fibonacci price point of 2,612 USD. The uptrend of gold prices will be noticed again by the following technical levels. Support: 2,561 – 2,567USD Resistance: 2,590 – 2,613USD SELL XAUUSD PRICE 2601 - 2599⚡️ ↠↠ Stoploss 2595 →Take Profit 1 2594 ↨ →Take Profit 2 2589 BUY XAUUSD PRICE 2553 - 2555⚡️ ↠↠ Stoploss 2549 →Take Profit 1 2560 ↨ →Take Profit 2 2565Longby Xayah_trading18
GOLD ALERT WITH CASHTRAINFXThe XAUUSD (Gold) market is in a consolidation phase, with price action constrained between 2586 and 2546. This range suggests that a breakout could be imminent, depending on the next significant move. Bearish Outlook: A break below 2546 could signal a shift toward further downside. Immediate support could be found around 2518, and further momentum might lead to deeper corrections if market sentiment remains bearish. Bullish Outlook: A breakout above 2586 may ignite a bullish rally. The next target in this scenario would likely be around 2620, which could act as a resistance level if buying pressure continues.by cashtrainfxUpdated 2
New Plan! Buying MGC Contracts until the (DXY) Smoke Clearsthe markets opened up for the week and DXY - the US dollar index - immediately started selling off, down almost 0.5% within the first couple hours of trade.. i think its time to leave that market alone until it sees some stability. i will now be looking over to the gold marketLongby trader92241
Is Gold at Its Brightest?On the charts, gold prices are continuing their strong upward momentum, breaking through key resistance levels and moving towards testing new highs. This is supported by data from the Kitco News surveys, which show strong optimism from both professionals and retail investors on the outlook for gold. Technical analysis on the 4-hour chart shows that gold prices have broken through key resistance levels and are entering a “new price discovery zone”, a period that could see high price volatility due to the lack of resistance. The next resistance level on the chart is located at around $2,600/ounce, and this will be the next target that investors are aiming for. With the Fed expected to cut interest rates on September 18, along with ongoing geopolitical uncertainties, gold is expected to continue to receive attention as a safe-haven asset. Investors should closely monitor the Fed’s statements and the geopolitical situation to adjust their investment strategies accordingly. In addition, the demand for physical gold remains high in the context of devaluation of domestic currencies, showing that gold is not only an investment channel but also a means of protecting assets. The current growth in gold prices and the possibility of continued growth in the long term is a positive signal for those who are looking for safety in their investments.by Naoomi2
NQ Power Range Report with FIB Ext - 9/16/2024 SessionCME_MINI:NQU2024 - PR High: 19526.50 - PR Low: 19479.00 - NZ Spread: 106.0 No key scheduled economic events Holding inside Friday's close range - Advertising potential daily rotation below 19400 Session Open Stats (As of 10:55 PM 9/15) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 386.19 - Volume: 13K - Open Int: 199K - Trend Grade: Bull - From BA ATH: -6.9% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone by mv3trader50
GOLD BEARS ARE STRONG HERE|SHORT Hello, Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,529.890 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals2210
Gold hits record high as USD/JPY drops nearly 150 pipsGold prices are on track for their biggest weekly gain since mid-August, rising 2.8% to a record $2,570 an ounce. The gains were fueled by a weaker dollar. Gold was last up 0.4% at $2,568 an ounce. The MSCI Asia Pacific ex-Japan Index rose 0.53%. US stock futures rose 0.1%, following gains in currency indexes on Thursday.by TrategySherpa2
XAU hits record high as USD falls"The market is currently pricing in a moderate FOMC rate cut outside of a recession. We, along with the majority of US economists, do not expect the US economy to fall into a recession." Global stocks rose for a fifth straight day, posting a 0.2% gain. This was helped by gains in European stocks, where the STOXX 600 index rose 0.4%, heading for a 2.6% weekly gain and its biggest one-month gain.by TrategySherpa1
!!! GOLD !!! - Up Up and Up!Hi, Will we close the ascending channel in the first days of the week... If that happens we will have this scenario. This is just an idea! Be careful!Shortby rogvirtualmoney0