GOLD - breakout ?? what's next?? #GOLD.. in yesterday we have 2635 as upside area and in today market breakout that area, if it is fresh breakout then keep close the supporting area and be ready for next ATH. good luck trade wiselyLongby AdilHussain731333Published 223
GOLD: Short Trade Explained GOLD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short GOLD Entry - 2615.7 Sl - 2639.9 Tp - 2565.7 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignalsPublished 1111
Gold: In case of breaking $2482In case of breaking $2482 $2654.15 is an important resistance in the daily time frame support will be around 2606(tomorrow)Shortby Defi_magicPublished 223
short gold when entry triggerwait for the entry in 15 min time fram wait for the candle closing below mark zone and then take entry for the sort side Shortby mohit24876Published 8
Gold's Upcoming Rally: A Safe Haven in Uncertain TimesGold is expected to have a significant rally to the upside. We have now been waiting 46 days for a weekly cycle low (10 days overdue). I believe we can confidently say that the drop on July 22nd was the WCL we have been anticipating. If this is correct, $2,386 should be the lowest price we see in the next 120 days. Evidence for this includes the fact that cycles often extend in bull markets. Personally, I will not wait any further and will extend my stop loss to $2,335. I believe this opportunity will be a great entry for a long position. I strongly believe in the left-translated cycle, and if this occurs, a significant bear market for stocks will follow after November, which will be a great catalyst for gold and the precious metal market. In the coming weeks and months leading up to November, I believe we will see a blow-off top for all markets as part of a final multi-decade cycle and the Fourth Turning. After November, I believe we will see a lot of fear in the market, and many will seek refuge in gold during uncertain times. Historically, gold has been a great investment. Widespread pessimism and falling confidence in the fiat market, as we see now around the world, will surely boost gold in Bitcoin's coming bull market over the next few weeks and months leading up to November. Longby martinxi5u4Updated 113
Gold: Calm Market Expected: Focus on Short Positions Yesterday's trades were very successful. I bought at 2552 and closed at 2578, then sold at 2588 and closed at 2572, resulting in solid profits. It's Friday, and with no significant news scheduled for release—aside from uncontrollable events like natural disasters—the market should remain calm today. A $20 range would already be considerable movement. An upward move is unlikely. On a day like this, relying purely on technical patterns, a breakout above 2600 is a pipe dream. Instead, the probability of dropping to 2572 is much higher. So, the strategy for today is to focus on selling. There's no need to consider bullish trades.Shortby Wealth_WavesPublished 113
Going Long On Xau/UsdTargets: 2646 & 2716 Stops: 2509 Risk to reward ratio : 1:2Longby Trader_97Updated 222
GOLD → Is it worth going up against knives? No trading history.. FX:XAUUSD continues to renew its high without any strong pullbacks. Buyers continue to behave quite aggressively before strong news. But everywhere there are risks and BUT!!! There is a lot of news ahead before the important Fed meeting on interest rates, where they are likely to be cut. The question of “by how much” remains open, as weaker data (25 basis points) could trigger an unexpected reaction in the market that could lead to a correction.... But before that we have to face retail sales, CPI, FOMC.... Volatility will be elevated in the week ahead.... BUT! For intraday trading right now, there is such a problem as lack of history. You need to build a strategy from the general technical and fundamental background, as well as from local levels and key zones. BUT! The market is strongly bullish and before the news there can be both profit-taking and continuation of the rally.... Resistance levels: 2588, 2600, 2610 Support levels: 2577, 2573, 2563 The local range 2588 - 2577 is being formed. Before the news, traders may go into a consolidation phase, but we should keep an eye on the dollar, if it starts its downward flight, gold will react accordingly. Accordingly, a breakout of the local range boundaries may trigger a move to one side or the other. REMEMBER! The market is bullish! Selling without proper reasons is the same as going against knives! Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!Longby RLindaUpdated 2525136
AGE OF GOLD IS OVERLooks like the US & the French's bargaining power is over. Their ability to keep pumping gold prices up just to suck the yellow nation dry has come to an end. China will surely find a substitute to gold and proceed with production,henceforth gold prices will fall. Technically Gold has reached a triangle lock zone and might surely never taste the 2600.00 mark. we anticipate a drop in Gold prices as shown in the picture all the way down to the 2500.00 mark before further decisions are to be made. Use proper risk management and adhere to good trading practices. Best of luck. Shortby PIP-LEDGERUpdated 338
GOLD (XAUUSD): The Next Strong Resistance Ahead A sudden violation of the all time high triggered a strong bullish rally on Gold last week. Here is the next potentially strong resistance that I see: it is based on a major rising trend line and 2600 psychological level. With a high probability, we will see a retracement from that area. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTraderPublished 5515
XAUUSD There is no stopping it. Can breach $3000 by mid 2025.It was only a little over a month ago (August 05, see chart below) when we signaled a strong buy on Gold (XAUUSD), targeting at 3100: Practically, we've been calling for Gold's new Bull Cycle since April 04 (see chart below): As you can see the price action followed our projection closely and immediately broke higher making a new All Time High. According to the 2019 - 2020 Bull Phase, we are in the middle of the Cycle, assuming both fractals are similar in % rise terms (+85.42%) or the 3.0 Fibonacci extension. Even if they don't, it is pretty clear that the long-term pattern is an 8-year Channel Up and most likely shouldn't top before the 1M CCI starts making Lower Highs. So far we have priced the first High (April 2024) and according to the 2020 fractal, the second should be at the end of the Bull Phase when the trend tops. If that's not at 3100 by that time, we encourage you to take the long-term profit earlier like us. Also, this chart shows that since 2015, October isn't generally a bad month to buy at all, having failed as an entry only 2 times in 10 years. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShotPublished 8
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024 🔥 World situation: Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%. CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%. 🔥 Identify: Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2602, $2638, 2676 Support : $2559, $2531, 2505 🔥 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 longestLongby Nova-ScalperUpdated 6632
Bump and Run Pattern with Key Resistance and Pullback Zones!OANDA:XAUUSD Current Price: 2578.715 4H Chart 1 - Consolidation Support & Resistance Zone: • After breaking out of the Consolidation Zone, Gold has reached the All-Time High (ATH) of 2586.013, marking the high of the Lead-In Phase in the Bump and Run pattern. • Consolidation High Line: This line represents the price projection based on the height of the consolidation support and resistance zone. The price may move toward the target of 2594.126. In the Daily chart I published earlier, Gold is also within an ascending channel. Based on this, the price may rise to the upper trendline, which is close to 2600. 2 - Ultimate Level: The price is currently slightly above the Ultimate Level at 2578.125. If the price holds above this level, it is likely to revisit the new resistance at the ATH. Should it break through, the next target would be based on the projection line, with the price likely heading toward 2594. Given the Overbought Zone, a pullback from this level is possible, but if the strong bullish momentum continues, Gold may break through the price target and Overbought Zone. However, once it reaches the Extreme Overbought Zone, we expect significant pullback pressure. 3 - Major Correction: From the Extreme Overbought Zone, we anticipate the price will return to the Ultimate Level at 2578.125. While it may hold here temporarily, it is more likely to break below this level. In that case, the next target will be the Prime Reversal Zone at 2539.630, where the price may consolidate within the Consolidation Zone. 4 - Bump and Run Pattern: Following the Consolidation Phase, the Bump and Run pattern suggests that the price will likely break through the Prime Reversal Zone and approach the Breakout Line. After breaking this line, a throwback to retest the Breakout Line is expected, marking the beginning of the Run Phase. From there, the price could move toward the Major Turning Point. At this level, the price may either consolidate or experience a partial rise. However, the ultimate target is the Low of the Lead-In Phase, with a projected price of 2471, according to the Bump and Run pattern. • Additionally, if the price breaks the key psychological level at 2500, this would signal a bearish shift in the market. Conclusion: Gold is currently in a bullish trend, trading near important levels in the Overbought Zone. While a further rise toward 2617 is possible, a market correction is likely. Watch for a pullback to the Prime Reversal Zone at 2578 or the Breakout Line at 2543. A deeper retracement could target the Major Turning Point at 2500 or the Low of Lead at 2471. If the market holds above 2543, the bullish trend could resume with new highs.Shortby SpicyPipsUpdated 2211
XAUUSDConan, hello everyone! Gold (XAU/USD) maintained its bullish momentum and traded at a fresh record high above $2,610 on Friday. Rising expectations that global central banks will follow the Fed in easing policy and cutting interest rates have boosted XAU/USD. However, a close look at the short-term chart shows that the yellow metal is struggling to capitalize on the immediate support at $2,618 to break above the resistance at $2,625 ahead of the weekend. Both the short-term and medium-term outlooks suggest that the bears are gradually gaining strength. The Relative Strength Index (RSI) is trending down in the bullish zone, indicating a potential momentum shift and a resumption of the correction. Current support is at $2618, if this level is broken the price will drop rapidly towards the targets to watch at $2610 and $2605.Shortby Conann_Updated 12
Sorry about the gold bubble2651-2655sell pt1.2640 pt2.2630 pt3.2620 Operation idea: For intra-day operation, since the adjustment is in place, there is no doubt that the low bullish, but the only short-term resistance above 2670 at present, I expect the long test 2640 problem is not big, but 2640 can break, it remains to be seen, if it can break here, it will mean that the gold price needs to adjust the storage strength, which will also be conducive to the future market bulls continue to strengthen, of course, Even if 2640 can not break through, the space below is very limited, then the market can be treated with shock. And below the support Yang Chengfa believes that the need to focus on 2620 area, as long as the long stick here, more than the middle line holding ideas unchanged, if the bear strong break, may extend down to 2610-2607 areaShortby wcui2kUpdated 118
XAUUSD: Analysis and Strategy for Today 19/9Gold technical analysis Daily resistance 2600, support below 2500 Four-hour resistance 2600, support below 2566-2530 Gold operation suggestions: Yesterday, the Federal Reserve unexpectedly cut interest rates by 50 basis points and ushered in a high-level breakthrough of the 2600 mark, which was suppressed and fell back, and then fell and bottomed out. The overall price was blocked at the 2600 mark. Today, the decline was recovered but it did not break through 2600. Gold has generated periodic pressure above, and it may also form a large correction. From the current trend of gold, the upper pressure of the daily four-hour level is at the 2600 integer mark, and the lower support of the daily line is 2500, near 2530 for four hours, and near 2566 for the hourly level. Today, the NY market operation strategy is to buy on dips, and observe whether 2600 can stand firm above. BUY:2566near SL:2561 BUY:2530near SL:2526 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.Longby ActuaryJUpdated 8
Geopolitical tensions escalate, GOLD is heading to a new peakOn the Asian market on Tuesday (September 24), spot gold continued its recovery trend. The current gold price is at around 2,634USD/ounce, close to the historic high reached the previous trading day. According to CME's "Fed Watch" tool, the probability of the Fed cutting interest rates by 25 basis points in November is 48.6% and the probability of cutting interest rates by 50 basis points is 51.4%. The market is pricing in a higher likelihood of a 50bps interest rate cut by the Fed in November, which weakens the US Dollar and supports gold prices in terms of correlation. Additionally, ongoing geopolitical risks stem from ongoing conflicts in the Middle East, as well as U.S. political instability ahead of the November election and recession concerns. The economy will support the safe haven price of gold. Gold is known as a traditional safe haven whenever risks appear in the market, while currently political and economic instability appears. dense. Therefore, the basic trend of gold prices will still be upward. Israel launched airstrikes on so-called Hezbollah weapons sites in southern and eastern Lebanon on Monday, killing nearly 500 people and raising the risk of wider conflict in the Middle East. The Pentagon said Monday that the United States will send more troops to the Middle East as violence increases in the region, the Associated Press reported. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold is supported by the trend from the short-term price channel and is currently continuing to recover after a slight correction yesterday. Currently, gold is moving towards the initial target increase noticed by readers in the weekly publication at 2,645USD which is the confluence of the edge on the price channels and the 0.786% Fibonacci extension. At 2,645USD, it is expected that there will be certain adjustments but will not affect the main short-term trend of price increase. The relative strength index (RSI) is in the overbought area on the daily chart so there may not be much room left for the price to rise and is in line with expectations of a downward correction from the aforementioned confluence. Notable technical levels for the day are listed below. Support: 2,624 – 2,613 – 2,610 Resistance: 2,634 – 2,645USD SELL XAUUSD PRICE 2646 - 2644⚡️ ↠↠ Stoploss 2650 →Take Profit 1 2639 ↨ →Take Profit 2 2634 BUY XAUUSD PRICE 2586 - 2588⚡️ ↠↠ Stoploss 2582 →Take Profit 1 2593 ↨ →Take Profit 2 2598Longby Xayah_tradingUpdated 119
GOLD (XAUUSD): Support and Resistance Analysis Here is my latest structure analysis and important support and resistance levels to pay close attention to on Gold. Vertical Structures Vertical Support 1: Rising Trend Line Vertical Support 2: Rising Trend Line Horizontal Structures Resistance 1: 2648 - 2655 area Resistance 2: 2673 - 2680 area Resistance 3: 2692 - 2700 area Support 1: 2586 - 2601 area Support 2: 2525 - 2560 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTraderPublished 1110
O My Precious Gold: The Noble Pursuit of a 10:1 Reward-to-Risk OO, my precious gold, how you shimmer with the allure of wealth and power, yet test our patience with your unpredictable ways. One must tread carefully, for this most noble of assets is not to be trifled with. XAUUSD I find it prudent, dear friends, to wait before engaging in any hasty actions. We trade this long, and only long, as the sovereign trend commands it. Yet, we shall not enter the fray until the price gracefully touches upon the EMA50. It is from this point, and only then, that we anticipate the continuation of the trend toward an all-time high. The stop-loss, of course, will find its rightful place beneath the EMA100, ensuring we protect our coffers from undue harm. Let it be known, this opportunity to partake in such a royal trade presents itself but once every three to six months. Patience, as ever, is the virtue of the wise. With global geopolitics in such a precarious state, who can truly predict the winds that may buffet our precious gold? Yet, we stand ready, awaiting the retracement—a necessary pause before the next grand ascent. As the market corrects its overextension, we prepare to seize what is rightfully ours in the coming days or weeks.by MarkLeRoyPublished 112
*Alert Investors! XAUUSD Climb Watch!*Traders, take note! 🚀 XAUUSD is soaring, hitting new peaks with accuracy! 💫 Check this out: 🔍 XAUUSD Analysis: 📈 Battling within the 2642.9 to 2657.8 range. 🤔 Will it break through? 🔻 Bearish Alert: 🔻 Watch for potential declines if it falls below this level! 🎯 Targets: 2635, 2627 🔺 Bullish Alert: 🔺 Look for buying opportunities if it breaks above! 🎯 Targets: 2665, 2670. 💡 Join the Conversation: 💡 Share your insights as we explore this dynamic market! 🎤 Let’s reach new milestones together! 🌟🚀by HanaAdamUpdated 112
GOLD 15MINGold has formed a QM pattern on the 15-minute timeframe, as shown in the image, indicating a potential decrease in gold prices.Shortby Trading-HousePublished 8
XAUUSD Buy EntryThis would probably be the last chance for traders to buy this precious metal. The monthly candlestick for September is overall bullish and it will be full by the end of this month. Look to buy around 2610.00-2607.00. Happy trading fellow traders.Longby Technical_AnalystZARPublished 222
XAUUSD Gold Technical Analysis and Trade Idea👀 👉 XAUUSD Gold has broken its market structure to the downside. On the daily and 4-hour charts, we observe a pullback into equilibrium, presenting a potential buying opportunity. In this video, we discuss market structure, price action, and, most importantly, the trend. We also outline a possible trade setup if the price moves as outlined in the video. Disclaimer: The information provided in this video is for educational purposes only and should not be taken as financial advice. Always perform your own analysis or consult a financial advisor before making any trading decisions. 📊✅09:54by tradingwithanthonyPublished 9