buy from 2626no sells until 2617 pmi might be good for usd we wait for the break there is unstability in the middle east feds rate cut central banks buying gold in a bullish trendby amrhosesmPublished 110
Gold Rises Ahead of Next Fed Rate Cut ExpectationsOn the 4-hour chart, gold is showing an impressive uptrend, with successive rallies taking it to the resistance zone near $2,634.202/ounce. This level could be a key test point for the upcoming trading sessions. Gold has rallied past Fibonacci levels, with the nearest support at the 0.618 retracement level ($2,600.955) and 0.5 retracement level ($2,590.685). This level not only reflects strong support but also signals the possibility of a continuation of the uptrend if positive developments in monetary policy continue to support. The market’s positive reaction to economic reports and the latest statements from Fed officials on the possibility of a rate cut continue to be the main drivers pushing gold higher. This raises expectations that gold could soon break above the current resistance and head towards higher levels. For investors and traders, a reasonable stop loss could be placed at $2,550,000 to protect against unexpected volatility, while a take profit target should be considered near $2,650,000 as a profit point in case the rally continues.by CallmeJollibeePublished 221
GOLDGold sell and buy position. Only 5m analysis. RR1:3.7 and RR:1:6.45 I use only fibanocci tool. OANDA:XAUUSD XAUUSD / Andy Strategy /Shortby AndyGoldStrategyPublished 220
Closing my Selling order with Profit / #76 Profits rowAs discussed throughout my yesterday's session commentary: "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)." I have closed my Selling order (#2,578.80 - #2,563.80) on a fine #15-point run extending my results range to #76 Profits and #15 Stop-loss hits regarding December - September cycle. I am Highly satisfied with returns on my traditional re-Sell orders. Technical analysis: Gold is Buying every dip successfully however I have spotted increasing Resistance level seen Trading at #2,582.80 - #2,592.80 configuration and as Doji Star Bearish reversal candle was delivered, it was possible to extend the Selling sequence below #2,552.80 psychological benchmark as Buying pressure was easing, and if there isn't Fed Rate decision ahead, Gold would Trade significantly Lower. Volume remains relatively High and Fundamental side relatively strong so downside attempts should remain very limited. I have now updated the main correlation shift from Bond Yields to DX (Intra-day basis), so take that into consideration prior to positioning. One of the reasons why Gold stays ranged and not losing more is DX on spiral downtrend, testing it's Daily chart's Support zone which is applying Buying pressure on Gold. Keep in mind that previous Selling attempts were rejected however current configuration points that if Short-term switch occurs (Bearish), Selling potential will be here to stay. My position: As stated above, if there wasn't Fed Rate decision throughout the session, I would Sell Gold on spot towards #2,527.80 Selling extension, however as all High-impact Fundamentals had critically Bullish after-effect on Gold regardless of the outcome, I don't see why Fed Rate decision will arise Gold's Sellers. #50 BPS cut signals for Inflation, #25 in Recession so Fed has tough decision tonight. I will comfortably stay aside and observe the Price-action from sidelines with my capital well preserved. Shortby goldenBear88Published 553
It has not reached the reliable floor !By checking the 4-hour chart of gold in the coming day, I expect a correction from the market because it has not even touched a valid bottom, after the number 2594.95 to 2590.60, I am a seller. For the final and optimistic goal, I hope for the next 24 hours 2533 and 2531 reach these goals. be profitable Shortby pvf1313Published 114
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we would like to see price attempt an undercut low and then start the incline into the higher levels. We gave KOG’s bias of the week as bullish above 2385 with the targets for the week 2510, 2515 and 2530, which we all completed. We then continued with the path shown in the updates while Excalibur tracked price taking us up into our final take profit target at 2580. Please have a look at the previous reports to see how the algo has tracked the price from the highs to the lows, lows to highs, no matter where it goes we've traded it and moved with the market. Hats off to the team! A phenomenal week on Gold as well as the other pairs we trade. So, what can we expect in the week ahead? We have FOMC this week so shall await more choppy price action as well as the potential per-event range that may form from Tuesday onwards. We’re a little high to long at the moment which is what most traders will be thinking but sentiment is strong now so there is a chance they open and stretch this a little higher. For that reason, we will be waiting to see how last week’s high and the levels of 2580-83 react to the price if attacked in the early session. If rejected we feel an opportunity toto short is available into the lower levels of 2565 and below that 2555. Many traders will now be looking for the 2600 level so please be careful as breaking above the 2585 level will make it a lot easier to be achieved during the early part of the week. Ideally, we want the pullback into the lower support regions and then want to assess the price action before attempting to go long and take this above 2600. Due to FOMC this week this report will be provisional as we’ll update the idea specifically for FOMC before the release. KOG’s bias for the week: Bullish above 2550 with targets above 2600 and above that 2610 Bearish on break of 2550 with target below 2535 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG by KnightsofGoldUpdated 3383
Ready Signal live market trade 🔔GOLD SELL NOW! 💎 🔸 Entry Zone : 2590 🔹 TP : 2550 🔹 TP : 2530 🔹 Stop Loss : 2593 🔹 Risk Reward = 1:5 🔹 50% trade position close 30/40 Pips Profit and Other 50% Trade Position hold tp Use proper money management 💸 Notice‼️ Max to max 5% risk per setup.Shortby Forex4you01Published 226
GOLD BREAKTHROUGH UPWARDSGOLD BREAKTHROUGH UPWARDS The gold breakthrough the high pitch Therefore, Buy gold when the price pull back around 2595-2601 SL: below 2587 TP1: 2610 TP2: Higher priceLongby tntsunrisePublished 11
Gold 1HR Intra-Day Chart 20.09.2024it has been a very good day in the markets and all our targets have been met and closed out! Next week I am looking for a dip into $2,590 region for price to find support. We will then look to buy from there into $2,630-40 region. Longby BA_InvestmentsPublished 12
XAUUSD - 4H Higher targetsFX:XAUUSD prices are currently in a strong upward trend, having broken past the $2,600 resistance level. Based on the technical analysis, this surge opens up a path toward the $2,650 target, supported by the recent bullish movement. The chart clearly indicates that a pullback to the $2,600 zone would present a solid buying opportunity. Traders are encouraged to stay calm during any temporary declines and consider adding to their positions in anticipation of further gains. Fundamentally, escalating geopolitical tensions in the Middle East, particularly the ongoing Israel-Hamas conflict, have significantly boosted gold prices as investors seek safe-haven assets. Gold’s role as a hedge against global uncertainty has become even more pronounced with concerns of the conflict escalating across the region, leading to increased demand. Additionally, broader fears of economic instability, inflation, and potential recessionary pressures have further driven this bullish sentiment in gold markets. As both technical and fundamental factors align, CAPITALCOM:GOLD is well-positioned to reach the $2,650 target. Traders should remain vigilant for any price dips, as these may offer prime opportunities for further entry into the market.Longby Sober_TradingUpdated 116
Here is the setup for short in GoldAs we all know, gold is at its all-time high, so for those who couldn’t buy it during the dip, there is now a short opportunity. In the current situation, follow this setup and short gold at 2637.Shortby ARSLAN_SHAHIDPublished 115
Gold chart analysis!!I feel bearish from the gold chart because the ceilings are lower except for this last ceiling which may be used to fill orders from large financial institutions and this is what I analyzed.Shortby MR-Reza138Updated 13
#2 re-Sell orders engaged / #2,600.80 benchmark TargetTechnical analysis: Gold is on undisputed Bullish trend and total Buying domination however I do believe that it is time for more significant reversal. I mentioned on my remarks #2,638.80 - #2,642.80 Resistance zone significance, if this zone breaks, Gold might test #2,652.80 and above period. If mentioned variance didn't occurred, I would patiently await for contact with Resistance belt (Hourly 4 chart’s Higher High’s limit) for a Short entry. It would be very useful after observing into the Monthly chart (#1M) and the #2014 / #2015 Bear cycle for similarities with current fractal. After settling way above the Neutral Rectangle, I do expect an #1 - #2 Neutral leg before further Short-term Selling resumes. Of course until then, as normal I will be updating on Daily basis with more up-to-date data. Fundamental analysis: Gold manages to maintain High levels despite the classic Fibonacci reversal and stabilization on DX, in addition as well very decisive recovery attempt (Fundamental numbers surprise aftermath) on DX was quickly rejected near Short-term Resistance zone as Buying intent (on DX) does not go well with current market sentiment. Especially the fact that the DX invalidated last Support, isolated within Descending Channel (which was a good sign for Gold’s Buyers), made Gold very Bullish on the Short-term, with it's own Hourly 4 chart having regained complete Bullish status for the first time in #14-session horizon. These side Swings that you are witnessing are consolidation candles. Furthest line of the defense is #2,638.80 once again, if broken, could result as an aggressive slide with a Bottom below #2,600.80 psychological benchmark. As long as that line is intact (due to Inflation on ATH’s and DX struggling to make Bullish comeback), Price-action may constantly pressure for Resistance test (unless one of Support benchmarks break), in line with the developments on Yields, especially DX. Every Support rejection, Gold will have visible Buying pressure and Buyers accumulation on the aftermath. My position: Even though this is undisputed Bullish trend, do not forget that Gold delivered more than #400 re-Sell points (to the downside of course) within current relief rally lasting almost #12-Months (started on mid-October) however it takes to be a professional on Gold to deliver re-Sell positions within mega Bullish trend. I have re-Sold twice, on #2,665.80 and on #2,656.80 / both of my current re-Sell orders are Targeting #2,600.80 benchmark. Shortby goldenBear88Published 115
XAU/USD Lets watchoutXAU/USD Lets watchout the small drop on GOLD FOREXCOM:XAUUSD The pressure is a big thing..by msageer_kPublished 117
Sell order engaged / #2,600.80 TargetTechnical analysis: As Sellers expected and anticipated for too long, Gold broke into the new Bull cycle with more force than any other previous phase (in regards to more recent ones). On (1W) Weekly chart’s phase, it appears to be methodically Targeting the Resistance zones (#2,627.80, #2,632.80 and #2,652.80 benchmark) which were the former extensions of Higher High’s Upper zones of Bull market's main body before late September’s final parabolic decline. I expect Gold to Trade sideways within #2,600.80 - #2,632.80 in preparation for the current Fundamentals (and how all market classes will digest it, mostly metals / Gold) that currently pumped the Price that High to take effect. This will be the final distribution stage before the #2,450’s re-test which represents optimal Target for Gold’s Sellers. I am well aware I posted a very Long horizon regarding Medium to Long-term Selling reversal, however as my seasoned / experienced Traders probably know, there is no other way to Trade Gold recently rather than strict Risk management. Or to put it better, Longer time-frames offer very High accuracy since I am rarely wrong regarding Gold’s Medium to Long-term. It was due to pattern behavior like these that enabled me to call a Top too early this Year and start accumulating. Regardless my projections are based on the assumption that late-September’s fractal worked as an Higher High’s Lower zone on Hourly 4 chart’s Neutral Rectangle, then it can be re-used as an possible Target within current model (once Gold reverses into new Bear leg down). Friday's session Daily chart’s rejection (Engulfing Bearish candle) at #2,632.80 - #2,642.80 (near the Resisting trend-line) further enhances my view. There is High Risk ahead, so be prepared to take Profit at will. My position: I have engaged my Selling order with #2,623.80 entry point, optimal Target remains #2,600.80 benchmark. I do believe that Gold is on Overbought numbers and ready to deliver Selling opportunity.Shortby goldenBear88Published 116
Gold is about to hit 2700?2602-2605buy pt1.2615 pt2.2625 pt3.2635 Gold extended gains after falling on Wednesday following the Fed decision. Officials backed the larger of the two rate cuts Wall Street had expected and pointed to inflation moving steadily toward the Fed's 2 percent target as a way to justify their decision. Federal Reserve Chairman Jerome Powell stressed that labor intensity can be maintained through policy adjustments. Powell, meanwhile, shifted his focus to achieving maximum employment after his Jackson Hole speech, focusing on U.S. jobs data. On Thursday, the Labor Department reported that fewer people applied for unemployment benefits than expected, indicating a strong labor market. Us Treasury yields, meanwhile, tracked gold, with the benchmark 10-year note yielding 3.74 per cent, up 3.5 basis points. However, this does not support the dollar, The dollar index against a basket of major currencies (DXY) was down 0.31 percent at 100.62. Technical analysis The price area to watch in European markets today is the new ATH peak at 2610 points. If the price fails to break through this area in the middle of the European session, it can continue to buy gold when it reaches 2610, responding that 2650 May break through 2700Longby b82deb82deUpdated 19
After Powell's speech, GOLD prices plummetedAfter the Federal Reserve cut interest rates by 50 basis points, OANDA:XAUUSD Spot delivery soared to 2,600.15 USD/ounce, reaching a new era record high. But after Powell's speech, gold prices plummeted, currently trading around 2,563 USD/ounce. Powell said at the press conference that the 50 basis point rate cut “is not a fixed pace of new rate cuts.” On Wednesday local time, the US Federal Open Market Committee (FOMC) announced a 50 basis point interest rate cut at the end of its two-day policy meeting in Washington, lowering its target range. target the federal funds rate down to 4.75%-5%. This is the first time the Federal Reserve has cut interest rates since March 2020. Fed officials expect interest rates to fall to 4.4% by the end of 2024 and to 3.4% in 2025. This decision to cut interest rates was not supported by all FOMC members. The statement shows that one person voted against the 50 basis point rate cut and Fed Governor Bowman, who voted against it, supported the 25 basis point rate cut. Thus, Bowman became the first Fed governor since 2005 to vote against the decision of a majority of FOMC members at the FOMC interest rate meeting. Summary of Jerome Powell's speech Powell said: "We are recalibrating our policy stance; nothing in our (economic) forecasts suggests that we are rushing to act; Fed economic forecasts are basic forecasts; the actual actions we take will depend on how the economy develops. If appropriate, we can speed up or slow down the pace of interest rate cuts , or even choose to pause; this 50 basis point cut does not mean we are rushing to act.” “I don't see any signs right now that the likelihood of a recession has increased,” Powell said. I don't see that. You will see the economy growing at a steady pace, see inflation decreasing. You'll see the workforce, the market remain at a very stable level, so I don't see that right now." Powell's indication that if appropriate, the Fed could speed up or slow down the pace of rate cuts, or even choose to pause this 50 basis point rate cut, does not indicate the Fed is ready to act. This has damaged market sentiment that the Fed will cut interest rates more aggressively in the future, which has weakened gold prices. But it does not mean a basic trend because the basic trend will still be bullish, because the path to cutting interest rates by the Fed is still very long and data will continue to be the next catalyst. The reason to say that the path to cutting interest rates is still very long is that readers can pay attention to the details that "in the shortest term", Fed officials expect interest rates to drop to 4.4% by the end of 2024. and down to 3.4% by 2025. Analysis of technical prospects for OANDA:XAUUSD Although gold corrected significantly on yesterday's trading day after renewing its all-time high in the $2,600 area, this was also the target increase that readers noticed in the weekly publication. Technically, the adjustment from the original price level is not an unusual sign of the trend. The current trend of gold price is still bullish with the price channel as the main trend and the EMA21 as the main support. As long as gold remains within the price channel, the technical outlook remains bullish. Meanwhile, the Relative Strength Index is pointing up, showing that momentum and room for price growth are still ahead. Once gold breaks above the 0.618% Fibonacci extension it will be in position to retest the all-time high once again and gold sustaining price activity above the 0.50% Fibonacci extension is a positive signal for the trend. short-term upward trend. During the day, the uptrend of gold prices will be noticed by the following price points. Support: 2,561 – 2,546 – 2,540USD Resistance: 2,582USD SELL XAUUSD PRICE 2586 - 2584⚡️ ↠↠ Stoploss 2590 →Take Profit 1 2579 ↨ →Take Profit 2 2574 BUY XAUUSD PRICE 2524 - 2526⚡️ ↠↠ Stoploss 2520 →Take Profit 1 2531 ↨ →Take Profit 2 2536by Xayah_tradingUpdated 1113
Gold Weekly Summary and Trading Plan 9/21/2024Gold indeed posted a positive candle this past week. It now entered a dangerous zone. Any time, a strong selling off will take place. From Elliott wave analysis, goldy is now at the final leg. It is highly overbought from Monthly and Weekly TF. Where to sell will depend on PA. Let's see what the market will give us next week.Shortby SteadyFundPublished 114
GOLD BEARS ARE STRONG HERE|SHORT Hello, Friends! Bearish trend on GOLD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 2,550.918. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsPublished 1110
GOLD: Market Is Looking Down! Sell! Welcome to our daily GOLD prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,628.339$ Wish you good luck in trading to you all!Shortby XauusdGoldForexSignalsPublished 226
GOLD BEST PLACE TO SELL FROM|SHORT Hello, Friends! We are going short on the GOLD with the target of 2,612.943 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsPublished 225
GOLD may fly to the moon!With sudden news on War, we may see sudden move on GOLD to the Moon?Longby ForexWizard01Published 114
GOLD BULLISH TO $2,604 - $2,630 (UPDATE)- 600 PIPS Profit Secured🎯 - £22,000 Profit Closed 🎯 - Holding Period: 2 Days🎯 - Called LIVE For You All🎯Longby BA_InvestmentsPublished 115