XAUUSD | 10.09.2024SELL 2505.00 | STOP 2535.00 | TAKE 2475.00 | Trading in the XAUUSD pair is growing within the medium-term dynamics, but at the moment a downward correction is expected.Shortby ProPhiTradeUpdated 2
Gold is flying. Macroscopic 3 Month zoom.The Gold party is still healty? 15 days are left for this 3M session to close and still has not found Its ATH high. lets see where this candle close. Taking a look at this giant timeframe trying to give some insightful notations. The big bullflag breakout has been impressive, since it broke the last all time high in Friday 07 August 20' at $2,075 price has not looked back. Giving outstanding returns from its last 3M higher low at $1,810 with a stairstep fashion during almost 12 months the top is not in sight and the uptrend is the best example of a strong one! How high can we go? Answer is very high! Twelve days are left for an entire year cicle favoring the bulls and It seems like the party has not finished. Gold started a 3 Month uptrend, It broke a 3M triple top at $2,075 shaped by the bullflag. Spawned as the last All Time High four years ago and staying in play for 45 months. The last time Gold started a 3M uptrend, It happened at Thursday 20 Jun '19 around $1,375. Counting the candles for this 3M timeframe, from the last swing higher low at $1,160 the result is 7 consecutive sessions favoring convincingly the bulls. That is 21 months or almost two years. How long this current Gold bull market will last? Answer is I dont know. I will be looking for clues and hints for temporary tops in lower timeframes. Longby hectordsd1
Gold Bullish Gold has completed the 4th wave of of the 12345 Elliot wave pattern and is set to break new bounds with mounting bullish pressure. I see a strong bullish push to get to the 5th wave and complete the pattern. Longby CME4444881
GOLD - Price can fall from top part of flat to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it at once fell to support line, breaking $2385 level. Soon, price rose higher than $2385 level, breaking it again, and then rose to resistance line of channel, and made a fake breakout. Next, price declined to $2385 level and later bounced up to $2475 level and soon broke it, exiting then from channel too. After this, Gold started to trades inside flat, where it some time traded between top and bottom parts. Now, price trades near top part of flat and I think it can rise a little more and then bounce down to $2465 support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon5
Ready Signal live market trade 🔔GOLD SELL NOW! 💎 🔸 Entry Zone : 2529 🔹 TP : 2513 🔹 Stop Loss : 2534 🔹 Risk Reward = 1:3 🔹 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 Forex4you01111
Ready Signal live market trade 🔔GOLD BUY NOW! 💎 🔸 Entry Zone : 2517 🔹 TP : 2524 🔹 TP : 2529 🔹 Stop loss : 2513 🔹 Risk Reward = 1:3 🔹 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.Longby Forex4you01114
Trading plan for Gold M15Waiting for pullback after breaking upper trendline and re entry buy back from breaking levelby YhueSacs114
Gold coiling up ahead of another bullish breakout?Gold has been coiling under the record highs for a while now, constantly testing and bouncing from uptrend support over the past two weeks. While momentum indicators have yet to turn bullish, the upward bias in the price suggests we should be on alert for a bullish breakout. Traders keen to take on the long trade have two potential options. The first is to buy here with a stop below the uptrend, possibly just under $2500. To make the trade work from a risk-reward perspective, you’d need to target a move beyond the record high of $2531.81. The second option is to wait for the potential breakout above the record high. If it occurs, you could buy with a stop below the level for protection. As we’re talking uncharted territory, round numbers may provide potential targets; think $2550 and $2600. It’s only a line running from two former highs, but keep an eye out for possible resistance around $2567. Good luck! DS Longby FOREXcom3
Gold analysisExpecting price to break the recent High or low and form market structure to take an entryby twainjr2006112
XAUUSD CORE CPI NEWS FORCAST 11.09.24REASON FOR FALL Core inflation is the change in the costs of goods and services, but it does not include those from the food and energy sectors. This measure of inflation excludes these items because their prices are much more volatile. It is most often calculated using the consumer price index (CPI), which is a measure of prices for goods and services. Key Takeaways Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly. Core inflation is important because it's used to determine the impact of rising prices on consumer income.by kripsonfx973
Lingrid | GOLD in Consolidation. Weekly Price Action AnalysisOANDA:XAUUSD market remains overall bullish; however, recent price action indicates a consolidating trend. The weekly timeframe showed three consecutive three doji candles, highlighting indecision within the market. As a result, it seems logical to anticipate continued consolidation between the 2470 and 2525 levels. On Friday, the market experienced a sharp decline, closing below the psychological level of 2500. Notably, there appears to be accumulation occurring at this level, with the price oscillating back and forth. Looking ahead to next week, I expect the sideways movement to continue within this respected swap zone, especially given the limited economic data catalysts on the horizon. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻 Longby LingridUpdated 88102
GOLD SHORTGOLD SHORT PLEASE DON’T BE GREEDY ENTRY POINT : yellow point TP : blue lines SL : below red line for LONG POSITION above red Line for SHORT POSITION INSTRUCTIONS: FOR risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20 like, boost, be followers PLEASE DON’T BE GREEDYShortby RODDYTRADING4
Gold price continues sideways waiting for tomorrow's CPI⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) struggled to build on Monday's gains and edged lower during Tuesday's Asian session, weighed down by continued US Dollar strength. After Friday's mixed jobs report, investors reduced expectations of a larger Fed rate cut in September, boosting the USD and pressuring gold. Additionally, a positive sentiment in equity markets further dampened demand for the safe-haven metal. XAU/USD remains within a multi-week trading range as investors await more clarity on the Fed’s rate decision. Focus now shifts to US inflation data due Wednesday, with the potential rate-cut prospects limiting aggressive bearish positions on gold. ⭐️ Personal comments NOVA: There was no important news on Tuesday, Gold prices continued sideways in the price range of 2480-2520 waiting for important data of the week: CPI, PPI,... ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2486 - $2484 SL $2479 TP1: $2495 TP2: $2505 TP3: $2520 🔥SELL GOLD zone: $2519 - $2521 SL $2526 TP1: $2510 TP2: $2500 TP3: $2490 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longestShortby Nova-ScalperUpdated 9946
GOLD Local Short!GOLD has hit a horizontal Resistance level of 2527.38$ And we are already seeing a Bearish reaction so we will Be expecting a further Bearish correction !Shortby kacim_elloitt5
Gold analysis september 11Fundamental Analysis The steady rise continued throughout the early part of the European session and took the commodity to a fresh weekly high, with buyers now looking to build on the upside momentum beyond the $2,525-2,526 supply zone. The US Dollar (USD) is struggling to capitalize on the gains recorded over the past three days and retreated from the monthly top amid dovish expectations from the Federal Reserve (Fed). This, in turn, is seen as a key factor driving flows towards the non-yielding yellow metal. Meanwhile, a weaker risk-on sentiment in general has prompted some safe-haven flows and lifted Gold closer to its all-time high in the last hour. However, bulls may refrain from positioning for any further upside moves and prefer to pause ahead of the release of the latest US consumer inflation figures. The key US CPI report will play a key role in influencing market expectations on the size of the Fed’s September rate cut and determine the next leg of the directional move for the precious metal. Technical Analysis Gold’s push to 2529 in European trading promises a breakout of all-time highs early today. The current key zone around 2529 in European trading could push prices back to 2540. The top is a push to the psychological port zone which is also the Fibonacci level of 2555. Conversely, if 2029 fails to break, prices could soon push to the 2517 zone before the CPI data and also the US session. and revisit the 2495 support zone and 2555 resistance when the news is released. because if the news pushes up, there will be no good entry to sell until the 2540 and 2555 areas. Resistance above: 2535 - 2540 - 2550-2555… Support: 2512 - 2506 - 2499 - 2493 - 2485 SELL 2537 - 2529 Stoploss 2442 SELL 2554 - 2556 Stoploss 2559 BUY 2508 - 2506 Stoploss 2503 BUY 2496 - 2494. Stoploss 2491by TVS-Trader3
GOLD SHORT OPPORTUNITYGOLD SHORT OPPORTUNITY The price of gold retouched the 0.786 point at 1H chart, which is also the supply zone. Therefore, Short Gold around 2505.5 SL: Above 2508 TP1: 2493 TP2: 2487Shortby tntsunrise3322
Scalping Gold Using Supply & DemandImagine, not giving a flying F about anything and just taking trades where you think the market is likely to react. Well you don't have to imagine because that is quite literally exactly what I do using this scalp system I've created. Truth be told I've created this scalp system many years ago but I only recently (within the last few months or so) perfected this particular system. Most of you who know me know me to be a very avid swing trader as my analysis are usually pretty detailed and good. This system is a stark contrast of my swing style and such a simple change of pace to be frank. That being said, so long as you understand the general concept of this method you'd be surprised as to how consistent it is despite its simplicity. Have a good one guys, see you real soon =)Long08:38by Brandon_evo4337
Xauusd The daily chart for XAU/USD offers a neutral-to-bullish stance, with the pair still meeting intraday buyers around a bullish 20 Simple Moving Average (SMA). Technical indicators, in the meantime, lack directional strength, with the Momentum indicator stuck around its 100 line and the Relative Strength Index (RSI) indicator consolidating at around 58. Finally, the 100 and 200 SMAs keep grinding higher, far below the current level, limiting the bearish potential in the wider perspectiv Gold now sell 2516 Support 2500 Resistance 2525Shortby JohnHarry_7226
Gold consolidatesGold broke above $2,500 in mid-August and has been trading either side of this level ever since. On one hand, this looks quite constructive from a bullish standpoint as the to-and-fro on the daily chart suggests a period of consolidation. This is entirely reasonable given the run-up from $2,300 at the end of June. It’s also encouraging that gold hasn’t yet experienced one of those sharp and deep sell-offs which have occurred monthly since April. On the flip side, it could be argued that gold has stalled at current levels and finds itself unable to build enough momentum to break out of its orbit around $2,500. It certainly needs a catalyst to get it moving again, and hopefully that will emerge over the next week or so. Could silver be weighing on gold prices? At current levels, silver is up around 20% so far this year which is pretty much in line with gold’s own gains of 21%. But silver has been much higher, as it was trading a touch north of $32 per ounce as recently as May this year. And while gold has made a succession of record highs this year, silver remains a long way below its own all-time high of $50 from April 2011. Time to play catch-up?by TradeNation2
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12 " Impulsive Waves Break of Structure and Retracement Demand Zone Bullish Channel as an Corrective Pattern in Short Time Frame CHOCHby ForexDetective4
Gold Potential UpsidesHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2485 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2485 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 1120
GOLD NEXT MOVE (bulls entered again) (05-09-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (05-09-2024) Current price- 2516 "if Price stays below 2532, then next target is 2506 and 2495 and above that 2542". buying area= 2501-2504 (buying opportunity) resistance area= 2522-2526 (selling opportunity) -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 2626459
XAU/USD : BIG Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price has once again reached the supply zone at $2523, and after reacting negatively to this level, it dropped as low as $2504! Now, the price has climbed back to the $2515 area, and with the NFP data set to be released in about 20 minutes, we must be cautious. If the NFP report exceeds the forecasted numbers, it will favor the dollar and hurt gold, potentially leading to a drop below $2500. However, keep in mind what I mentioned over the past few days: since this is the sixth consecutive time that gold has reached this level, it might first break above $2532 to collect liquidity before the main drop occurs. So, be careful not to get stop-hunted and turned into liquidity! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban Shortby ArmanShabanTradingUpdated 2222131