GOLD short now Long laterI could see Gold falling back to the EMA50 of the 4hr timeframe. It seems like risky assets are in favor right now so Gold will decline a little bit, but continue the trend to the upside long term.Shortby reports20netrustPublished 1
GOLD Whats next After it reached it 2670?GOLD: What's next after it reached 2670? From our yesterday's analysis GOLD reached two of our targets by creating a new all time high near 2670.The war between Israel and Lebanon just began and it will not make the things better. Despite the fact that gold is taking a pause is because of the fear from the unknown because all this situation is getting ridiculous .Not we are watching only which will be the next country in the list for Israel to attack for the gold price to rise further. Given that the current situation is not good at all and the situation from the media source is expected to escalate further we should not expect any deep pullback from Gold. Every price decline now will be a buy opportunity on deep or small pullbacks. On the other hand the market is still speculating about FOMC and interest rates and the effect it has on gold but if we take the past in consideration it doesn't make sense at all to be involved in gold price in my opinion gold price is more manipulated rather than it is growing from normal market participants but this is another topic. Technical Analysis; A normal correction before Gold Moves up To 2700 could be near 2637.50 a deep correction before Gold Moves to 2700 could be near 2617.00 It's a big reversal zone overall but it can be tested profits. You may find more details in the chart. PS Support with like or comment if you find this analysis useful for your Trading day ❤️Longby MrCharlie1Updated 1142
Gold bulls are strong and aiming at 2700!At present, the support for the continuous rise of gold prices is still the strong demand of the Federal Reserve and other European countries for gradually loose monetary policies; coupled with the tension in Middle East relations, economic downturn and geopolitical relations, gold prices continue to rise. In terms of technical forms, the room for gold prices to retrace is limited, and the time for correction is also very short. The momentum of continuous rise is very strong, and the upward space is expected to continue to open up. The Asian session is corrected by the conversion of the hourly Yin and Yang lines. The European session began to rise. Even if economic data is released, it does not affect the bullish trend. There is not much room for recent corrections, especially in the European session. There is basically no retracement, and it continues to rise after the middle cross K pattern. Based on the above situation, even if the retracement relies on the top of the previous hourly line Yang line 2675, it will continue to be bullish. Resistance level: 2683 2690. Break to see 2700Longby David_strategyPublished 113
GOLD - BULLISH TREND TRIGGERED!!!!!Bullish Time at Mode trend on the 3 day chart has just been triggered. If you missed our long entry signal at $2,490’s, any retrace to previous highs of $2,520’s is a buy. Targets of $2,590’s, $2,650’s and $2,700’s are on play.Longby ZelfTradeUpdated 112
DeGRAM | GOLD channel boundary pullbackGOLD is moving in an ascending channel between the trend lines. The price has reached the upper boundary of the channel, which has already acted as a reversal point. We expect a pullback after a retest of the channel boundary. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAMUpdated 171743
XAU/USD 26 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis/bias remains the same as yesterday's analysis dated 25 September 2024 Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile. Price has printed a bearish CHoCH, we therefore have established an internal range. Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday analysis is currently underway, therefore, my analysis/bias shall remain the same as yesterday's analysis dated 25 September 2024. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS. M15 Chart: by Khan_YIKPublished 1
9.26 Technical Analysis of Gold Short-term OperationsYesterday, gold continued to break highs in the US market, performing extremely strongly. The early trading price was 2661. Yesterday, it rose by 30 US dollars and continued to rise to the 2670 line. There is no doubt that with the frequent breakthrough of high points, the rising gold bulls are coming, and the upward trend will accelerate. Bulls will be the main theme in the future; the correction action is presented in the form of shocks. "Although it has set new highs many times this year and outperformed major stock indexes, in the long run, gold still has room for further growth. Pay attention to the correction in the short term." In a low interest rate environment and geopolitical turmoil, interest-free gold is often the preferred investment. Today's operation: BUY: 2650 stop loss 2640 target: 2665-2675 SELL: 2680 stop loss 2685 target: 2660-2655Longby David_strategyPublished 113
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
XAU 2 LEG up trendwe are in buy side until the 2 Leg ended. if we have lost the resistance we can enter into a sell stop trade until 50% of last leg.Longby Benyamin_cryptoPublished 2
Gold Prices Edge Up on PPI Data, Interest Rate DecisionGold prices edged up in the US session, reacting to the latest PPI inflation data. The US Labor Department said the PPI rose 0.2% in August, beating expectations for a 0.1% increase. The core PPI also rose 0.3%, but annual wholesale inflation came in at 1.7%, below the 1.8% forecast. The move reflects concerns about inflation and expectations that the Fed will be more flexible in monetary policy, especially after the ECB cut interest rates, contributing to the appeal of gold as a safe-haven investment. Gold prices closed at $2,534.60 an ounce, up $24.10. Gold is in a strong recovery phase after hitting a low of $2,486.019. The bounce from the 0.618 Fibonacci level of gold shows a strong bullish trend, and this level is being viewed by the market as key support. After breaking above the 0.618 level, gold is now looking towards the 1.618 Fibonacci level ($2,543.422). A successful break above this level could lead to further upside towards the 1.618 Fibonacci level at $2,578.897, which would strengthen the case for a stronger uptrend. The immediate resistance to watch is at $2,578.897, an area that has seen resistance in the past. If the price fails to break above this level, a correction or trend reversal could occur. In the event of a correction, the next important support level to watch is at $2,486.019, where the price has reacted strongly in the past and could continue to be a strong bounce point for the price.by NaoomiUpdated 119
Gold Price Analysis September 25Fundamental Analysis Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve. Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors. The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices. Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal. Technical Analysis Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone Trading signals BUY GOLD zone 2650 SL 2645 BUY GOLD zone 2640 SL 2635 SELL GOLD zone 2670 SL 2675 SELL GOLD zone 2680 SL 2685by TVS-TraderPublished 2
GOLD LONGS ??A significant hourly support level has been tested and is holding which might indicate potential bullish momentum. An hourly bullish range trend is holding and the overall trend from 18 Sept is upward. ONLY TIME WILL TELLLongby Izzy_AaronsonPublished 3
XAUUSD : ROAD TO 3K GOOD LUCK ALL **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal** Thanks a lot for your supportLongby mytw0centsUpdated 5
XAUUSDEntering the short position with 3 completions in a short period of time.I think we are in the 4th wave, we may be in a longer time frame (3) yet to be completed. It was quite a wide extension from 2.261-2.274%.Shortby onurkurtulduPublished 2
XAUUSD: Should turn sideways for the rest of the year.Gold is highly overbought on its 1D technical outlook (RSI = 75.774, MACD = 45.540, ADX = 41.502) while at the same time it is approaching the top of the one year Channel Up. The two bullish waves of the pattern reached their HH after +22.50% and +18.50% rises and then turned sideways into a consolidation Rectangle. So even though the price can extend some more to reach a +22.50% rise, we are close to the +18.50% one and as mentioned the top of the Channel Up. This tells us that this isn't the time to buy at all but rather wait for the price to cross under the 1D MA50, which was the buy signal in the two consolidation Rectangles. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##by InvestingScopePublished 4
*Attention Investors! Watch for a strong rally in XAUUSD as goldToday, the gold chart on the 5-minute timeframe displayed a clear supply zone ranging from 2664 to 2665. 📈 As soon as the market tapped this supply level, it surged toward the first target of 2654, achieving an impressive 100+ pips move! 🚀💰 The second target is set at 2649. This demonstrates the effectiveness of monitoring supply levels and reinforces the potential for significant short-term gains in the gold market. Traders should remain vigilant for further opportunities as the dynamics continue to unfold! 🔍✨by HanaAdamUpdated 3
Gold Analysis on the H4 27/09/2024 - Macro Overview Gold prices surged early yesterday but retreated following strong U.S. economic data, only to recover later in the day. Lower gold import duties in India could drive physical demand during the upcoming wedding season in December and January. Meanwhile, the Federal Reserve continues to signal potential rate cuts, though it has yet to commit to a clear future path. - Technical Analysis XAUUSD continues its strong upward trend, reaching new all-time highs. The formation of higher highs, along with bullish EMAs, reinforces this momentum. Should XAUUSD continue to rise, the price could challenge the potential resistance level at $2,700 before targeting $2,750. However, if XAUUSD corrects downward before resuming its rise, the price might retest the $2,630 level.Shortby Golden-Fund-ForexPublished 5
Gold Shines as Dollar Dips: A New All-Time High in SightHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD . In the daily timeframe, gold has formed a symmetrical triangle followed by a breakout above the upper trendline. Recently, the price retested this trendline and continued to move upward. Analyzing the trend, gold remains above the EMA34 line, indicating a bullish trend. Additionally, the MACD has made a bullish crossover, signaling upward momentum. With these technical indicators aligning, we are looking at a potential continuation of this upward movement toward Target Area 1 at 2,625 or even Target Area 2 at 2,739. However, bears might find some hope if the price manages to break below the support level at 2,426. The bullish trend is also supported by fundamental factors, as Federal Reserve Chairman Jerome Powell recently confirmed that interest rate cuts are likely in the near future. This has weakened the dollar compared to other currencies and commodities, further boosting the appeal of gold. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. " Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.Longby financialfreedomgoals101Updated 9
Ending Diagonal Long term: Gold is completing the fifth wave of the 5th wave of a five-wave rally. Short term: Short ($ 2615- $ 2630) Target-1= $ 2575 Target-2= $ 2515 Stop = $ 2660 Gold- (1833-2024) Related idea: Shortby BTC-XLMUpdated 171723
Get Ready for Sell Off?Dear Traders, Gold Reached First Target of wave 3 : (2616-2623)- Second Target :(2638-2658) According to my last analysis and gold now moving to complete Wave cycle , reversal is coming soon ! i Expect price will start downward movement to Target 2500-2400-2250 Reversal would be very Fast , and Panic ! Dont Forget Like&Comment please !Shortby alirezakUpdated 3838136
Gold failed to break new highsGold's 4-hour moving average is still in a dead cross short position. Gold's 4-hour high has multiple top structures. Gold has rebounded from high levels and is under pressure from historical highs. Resistance still continues to be short. Gold rebounded in early trading around 2525 and can continue to short. Shortby Donald-tradingUpdated 3
GOLD Potential Short! Sell! Hello,Traders! GOLD is trading in a strong Uptrend and it is locally Overbought so as the price Is about to hit a rising resistance Line we will be expecting a Potential local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignalsPublished 224
Bearish opportunity in GOLDGold price (XAU/USD) struggles for a firm intraday direction on Thursday and oscillates in a range below the all-time peak touched the previous day. Bets for another oversized interest rate cut by the US Federal Reserve (Fed) fail to assist the US Dollar (USD) to capitalize on the previous day's solid recovery from the vicinity of the YTD low and lend support to the non-yielding yellow metal. Apart from this, rising tensions in the Middle East and concerns over China's economic recovery, despite the latest stimulus plans, act as a tailwind for the safe-haven precious metal. Bullish traders, however, seem reluctant and prefer to wait for more cues about the Fed's rate-cut path before placing fresh bets around the Gold price. Hence, the focus will remain glued to speeches by influential FOMC members, including Fed Chair Jerome Powell, which, in turn, will play a key role in influencing the near-term USD price dynamics. Apart from this, the US macro data – the final Q2 GDP print, the usual Weekly Initial Jobless Claims and Durable Goods Orders – should contribute to producing short-term trading opportunities around the XAU/USD. Selling is advised for target of 2550.... [/b ]Shortby FOREX-MASTER1Published 8812