XAUUSD: Institutional Price ActionIt has failed to create a new higher high and also break the support and has created new lower low. i think we can get sell opportunity from marking zone. its not financial advice just education purposes. by FXNEWSCLUBPublished 1
Waiting on the FedOn Monday gold hit an all-time intra-day high, trading just a tad below $2,590. It pulled back a touch yesterday and was holding steady in early trade this morning. Gold’s behaviour is often tied to interest rates. It’s said that gold does best when interest rates are low as investors can’t earn interest from holding gold. So, when interest rates are high, gold is an unattractive investment, relatively. There’s some truth in this, although gold’s current behaviour suggests that gold benefits from the expectation of lower interest rates. It’s also said that gold is the ultimate protection against inflation. There’s truth in this too. But inflation is a long way below its peak from summer 2022, and yet gold seems to be doing fine. The problem is of course, that central banks raise interest rates to curb inflation so those two dynamics (rising inflation and rising interest rates) would appear to offset each other. Far better to consider gold on its own. It is currently in a bull market and there are no indications so far that it has peaked. But being in a bull market doesn’t mean that something simply goes higher all the time. There are dips, pull-backs and serious corrections. No one knows what the Fed will do tonight, or how what they do will affect gold. But with so much uncertainty around, now is a good time to overview risk parameters.by TradeNationPublished 2
XAUUSD preditionThe overall trend of XAUUSD is bearish but due to the FOMC price is ranging bu expecting price to crash from 2572.847, putting my sl @ 2576.034 Note: This is my personal trade and not in anyway mandatory by darcekid11Published 116
Gold analysis pre-FedGold is a mixed bias, under pressure while below lasty week's highs, but it will be make or break time, perhaps, with the Fed today. Let's see! Here are my levels for bulls and bears! 18:36by Ross-J-BurlandPublished 222
XAUUSD 18 September 2024Market Overview: Fractals: The 1D chart shows a continuation of the bullish structure after a breakout from previous resistance. The 1H chart shows fractals that indicate short-term consolidation after recent volatility. This might give a chance for price to retest the lower support before continuing the upward momentum. Trend Direction: The major trend on the daily chart is bullish, confirmed by the breakout above key levels. A retracement or consolidation on the 1H chart provides a good opportunity for an entry aligned with the trend. Trade Idea: Buy Position (in alignment with the overall uptrend) Entry Point: Entry: A limit buy order at $2,565.00. This price represents a retest of a strong support level and previous resistance on the 1H chart. It also aligns with a fractal point and the Fibonacci retracement level (38.2%) from the recent upswing. Stop Loss: Stop Loss: $2,555.00. This stop loss level is below the recent support on the 1H chart, providing enough room for price fluctuations without risking too much capital. Take Profit (Target): Target: $2,585.00. This target is slightly below the recent high. It represents an area where high liquidity and potential resistance may come into play, making it a logical point for an intraday profit. Risk/Reward Calculation: Risk: $10 per ounce (from $2,565.00 to $2,555.00). Reward: $20 per ounce (from $2,565.00 to $2,585.00). Risk-to-Reward Ratio: 1:2 — a solid risk-reward ratio for an intraday trade. Trailing Stop-Loss Adjustments: Initial Stop-Loss: $2,555.00. Move to Break-even: Once the price reaches $2,575.00, adjust your stop to $2,565.00 (your entry point). Trail Stop: As price approaches $2,580.00, trail your stop to $2,575.00 to lock in profits. Final Adjustment: When the price is near the $2,585.00 target, trail your stop to $2,580.00. Final Recommendation: Buy at $2,565.00 (limit order). Stop Loss: $2,555.00. Take Profit: $2,585.00. Trail stop loss for profit protection as outlined above. This trade is aligned with the bullish momentum seen on the higher timeframe and provides a strong risk-to-reward opportunity based on the intraday retracement. But take caution of the major FOMC event. Longby therabbittradesUpdated 226
XAUUSD Analysis D1 - Bullish Pair Name = Gold Timeframe = D1 Analysis = technical + fundamentals Trend = Bullish Pattern = Bullish Flag Details :- Gold Moved as we explained in Previous D1 update. Currently Volume is decreasing because of fear. this just bounce back for the market. Still Price Holding EMA5 that indicate still bullish trend. Expecting Price around 2600 in this Move.Longby Alpha-GoldFXPublished 2
Potential Buy for GOLD (XAUUSD)Hi All, New to publishing my trade ideas but looking to do this more often. Currently looking at a buy on XAUUSD. Take a look at my setup and tell me if your prediction is similar or close. Long03:22by sarenagPublished 112
Brace yourself! Gold is on the verge of SMASHING $2,590! Hello my friends, I hope you're having a great day! Right now, the price of gold (XAU/USD) is stable around $2,570, influenced by key factors like expectations of a rate cut by the U.S. Federal Reserve (Fed) and weaker retail sales data in the U.S. If gold breaks above the $2,589 resistance, we could see a strong rally toward $2,610. On the flip side, if it drops to the $2,530 support level, this could be a buying opportunity with hopes of a bounce back toward $2,580 and beyond. In the short term, gold may experience a slight correction as the RSI approaches overbought levels, but the medium-term uptrend remains intact. If inflation continues to rise and central banks struggle to control it, gold could break through current resistance and set new highs. With the right strategy, investors can take advantage of these fluctuations to profit from short-term corrections and gold's long-term upward trend. by JustinBladePublished 223
Gold price todayToday, gold price touched $2571 and did not change much from yesterday's trading session with stability above the highs in early Wednesday. Today there is no strong news and I will focus on the analysis on the 4-hour chart of #GOLD. From a close observation, the trend line and the price wedge both show an uptrend, however it is limited below the resistance of the uptrend channel. Based on previous reactions, I first expect the price to correct at the present time. My strategy today is to hold the short position until the specified target.Shortby BB_TradingFXPublished 1136
XAUUSD: Next target $2600, Swing Buy OnlyOANDA:XAUUSD Our last few trade setups have invalided on gold as price dropped further than what we had expected initially in our chart, however, our bias remain the same. We still think that price will grow or rise further. And there is high possibility of price reaching 2600$ region if the news support our idea on Friday Until then we wish you all the best and good luck in trading. Longby Setupsfx_Updated 2424106
Gold NFP potential corrections / retracement key levelsIf FED will not disappoints market with a 50bps market pricing in rate cut, then some key levels are plotted that is due for corrections / retracement. Later all eyes will focus on Powell speech whether he will take an aggressive approach for November FOMC.Shortby sharpie0319Published 1
Gold analysisExpecting price to break the recent High or low and form market structure to take an entryby twainjr2006Published 222
CPI News 11-9-24First step go down and up to supply 2522-2524 and down to demand 2501-2504 use a time more than 2 hour to target price 252002:07by jaraygPublished 220
XAUUSDXAUUSD price is near the support zone 2561-2558 If the price cannot break through the 2558 level, it is expected that there is a chance that the price will rebound. Consider buying the red zone. 🔥Trading futures, forex, CFDs and stocks carries a risk of loss. Please consider carefully whether such trading is suitable for you. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana2324Published 5
XAUUSD POSSIBLE BUY OPPORTUNITY Price maintains a bullish outlook and currently trade at 2574 level. A buy opportunity is envisaged from the current market price. Target is 2580Longby CartelaPublished 2
XAUUSD | SELLHi traders here is an idea for; - XAUSUSD Opportunity looking for: SellShortby ELCapitalFXPublished 5
Trading plan for Gold M15Waiting for pullback after breaking upper trendline and re entry buy back from breaking levelby YhueSacsPublished 224
Gold (XAU/USD) Short Setup on Daily Timeframe Gold (XAU/USD) is currently trading near a resistance zone on the daily chart, presenting a potential short setup. With key U.S. economic data, including the CPI (Consumer Price Index), set to be released today, there is a high probability of increased volatility, which could drive the price lower if the data supports USD strength. Technical Analysis: • Resistance Zone: The daily chart shows Gold testing a significant resistance level around 2,520. This level has previously acted as a strong barrier, making it an ideal spot for a potential reversal. • Bearish Candlestick Formation: The recent price action has formed a bearish rejection pattern, indicating that sellers may be stepping in at this level. • Downside Targets: The initial target for this short setup is around 2,500, where the next significant support lies. A further decline could see the price move towards 2,480 if the bearish momentum continues. Fundamental Analysis: • USD CPI Data: Today’s U.S. CPI release is critical, as it will provide insight into inflationary pressures and could influence the Federal Reserve’s monetary policy decisions. A higher-than-expected CPI could strengthen the USD, putting additional pressure on Gold prices. • Market Sentiment: The market may already be pricing in expectations for the CPI data, so it’s essential to watch the actual release closely. A stronger USD could lead to a significant selloff in Gold, validating this short setup. Risk Management: • Volatility Caution: Given the importance of the CPI data, expect increased volatility during and after the release. Ensure your position size reflects this potential risk. • Trailing Stop: Consider using a trailing stop if the trade moves in your favor to lock in profits while allowing the position to run if the decline continues. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.Shortby AR33_Updated 114
GOLD /Bearish Correction with Long-Term Bullish OutlookGold Technical Analysis – 16th September 2024 Gold Holds Steady Amid Upcoming Fed Decision Gold prices remain steady, hovering near record highs, buoyed by a weaker U.S. dollar and increasing speculation of a half-point rate cut by the Federal Reserve. Gold Reverses from its All-Time High, Poised for a Retest Before the Rate Decision GOLD Reversed from their ATH and looks to do some retest before the rate decision, the pivot line is 2570, so GOLD should break 2570 to continue the bearish correction toward 2553 by 4h volume, and then will prepare for the bullish during FED rate. Otherwise, stability above 2570 for Today's mean will try to touch 2580, and the bullish trend will be activated by closing 4h candle above 2580 to get 2599 and 2617. Key Levels: - Pivot Point: 2570 - Resistance: 2587, 2599, 2617 - Support: 2553, 2543, 2528 Trend Outlook: - Consolidation: 2580 - 2570 - Bullish: Above 2579 - Bearish: Below 2570 previous idea: by SroshMayiPublished 10
tomorrow monitoring 64 58 supportfor me the key of long term PA based on how low the drop from 2nd daily red candle as long 82 resistance strong and 4H keep making red candle momentum still bearish the problem with gold for months indicator keep floating sideway in mid zone but right now even with 82 retest still no bullish breakout signal either need above 85 as bullish breakout signal, or it still bearish which is why I make this chartShortby salvanostPublished 1
Sell order engaged / #2,527.80 TargetFundamental analysis: Symmetrical Triangle on Hourly 4 chart which had #2,552.80 Target is getting in tight range again as U.S. Treasury attempt to limit the weakness at all costs as their main aim is not to hyper-Inflate the economy. Inflation chart is up on a mere (# +8.00%, in the same time representing ATH values), but Gold is ignoring eminent reversal signs and remains Trading under violent Volatility (usual indecision candles within aggressive Bullish trend) and continuing the Neutral-to-Bearish Intra-day sequence. It is my belief that Investors are unwilling to commit before the full scale Support break, and as an result, Volatility kicked in and Gold didn’t offered anything in particular throughout the session. Personally, I am far from surprised regarding the today’s session turn of the events as Support break and Higher High’s Upper zone test was on the cards as Gold is critically Overbought and Selling opportunity appeared. No Daily changes so far after a very Bearish E.U. session opening on traditionally Volatile Hourly 4 chart’s candles. I can easily spot on Hourly 4 chart how the current slow falling consolidation is repeating the pattern of November #26 - December #5. As discussed, the statistics on how non-Technical sessions affect Gold are usually changeable. Technical analysis: One of the most Volatile Trading (Annual fractal) week was previous one, according to the Historical Data with a (#82.70%) point differential on Daily chart, also seen by the wide margin on mostly all Hourly charts. Gold remains isolated and seen Trading near local High's and in my book should reveal underlying Intra-day Bearish trend as today’s U.S. session approaches. Technical analysis cannot be immediately effective on such high Volatility levels however as I mentioned on my remarks, I was patiently waiting for breakout where I would Sell on spot again pursuing #2,552.80 benchmark first with my piercing Selling orders. Technically, Daily chart formed healthy Ascending Channel and got rejected near #2,600.80 psychological benchmark for #7-consecutive times in a row as Price-action is gradually building it’s way to Lower levels. My position: I have engaged Selling order with #2,578.80 entry point / optimal Target remains #2,552.80 benchmark first and if invalidated, #2,527.80 Support in extension. I do believe that Gold's reversal is showcasing signs of heavy exhaustion and correction downwards is ahead (all goes according to my plan / model as I maintain my strategy accordingly).Shortby goldenBear88Published 14
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.Longby syomking76418Published 5
Xauusd Gold (XAU/USD) plateaus in the $2,580s on Tuesday, ahead of the release of potentially market-moving US data later in the day and the Federal Reserve (Fed) meeting on Wednesday. Gold now buy 2572 Support 2600 Resistance 2550Shortby JohnHarry_7Published 7