GOLD BULLISH TO $2,604 - $2,630 (UPDATE)The 4HR FOMC candle highlighted in red is the candle I am targeting. I am looking for the high to get taken out, due to the liquidity sitting above it. Wave IV completed, now waiting for Wave V towards $2,620 - $2,640. Looking for 3 Sub-Waves in Wave V. Longby BA_Investments4
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 TradeNation2
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out inline with our plans to buy dips. We were seeing price between two weighted levels and had 2506 Goldturn resistance target and 2495, as Goldturn support target. 2495 support target was hit and now we are seeing price bounce off the retracement range to head towards 2506 bullish target. We need to keep note that ema5 has locked and left a gap below at 2482 and just fell short of completing this gap. We will continue with our plans to buy dips and keep note of any unfilled gaps below, which helps us plan to buy dips accordingly. However, as always each of our weighted levels gave the 30 to 40 pip bounces, as analysed and played out perfectly! We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2506 EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET 2523 EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET 2535 POTENTIALLY 2547 BEARISH TARGETS 2495 - DONE EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2482 EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx1717284
XAUUSD Oversold! High probability of the price reversal SHORTThis idea is based on the main technical indicators (4h interval) - RSI, EMI high reversal 4h candle, and Strong Buy technical indicator hence high probability of the price reversal Heading for reversal of the price. S/L and T/P as indicated This is just an idea not a trading advise! Protect your capital have a s/l that won't ruin youShortby lb-countsUpdated 1113
#100 - #150-point decline ahead on GoldTechnical analysis: The Hourly 4 chart’s Neutral Rectangle has currently taken a pause and was Trading sideways following aggressive uptrend (# +1.92% Weekly change) only to tank even more. Based on the Weekly chart’s (#1W) candles since May #1, it is not uncommon to see one more (straight green) candle as I typically expect very High / violent Volatility as Volumes rise. Even if late April's Bottom isn't tested since an August Low’s was set at #2,452.80 - #2,462.80 a minor rally towards recent High's was Natural, healthy reaction before another #100 - #150-point decline ahead. I remain fully Bearish and will continue Shorting every High’s which Gold delivers. All goes according to the Medium-term plan as the Price-action is approaching #2,600.80 benchmark possibly for rejection (Daily chart turned Overbought sessions ago under current readings). Note that Gold will be closing first week of strong gains since the #2,472.80 - #2,482.80 local Low's. As I mentioned on my latest remarks, #2-consecutive Bearish week’s on Gold are messenger of #3rd consecutive one so Sellers can pursue values even below #2,452.80 psychological benchmark. DX lost Buying momentum on Intra-day basis however Bond Yields are on spiral uptrend where Gold attempted to find equilibrium between the two (of course correlation with DX is much stronger). My position: I am waiting patiently on sidelines for Gold to max out another Fundamentally driven uptrend with my set of Selling orders ready to deliver / achieve #100 - #150-point decline ahead on Gold as every record High's that Gold delivers, Price-action reverses into aggressive parabolic decline (my re-Sell zones intact).Shortby goldenBear889
#100 - #150-point decline ahead on GoldTechnical analysis: The Hourly 4 chart’s Neutral Rectangle has currently taken a pause and was Trading sideways following aggressive uptrend (# +1.92% Weekly change) only to tank even more. Based on the Weekly chart’s (#1W) candles since May #1, it is not uncommon to see one more (straight green) candle as I typically expect very High / violent Volatility as Volumes rise. Even if late April's Bottom isn't tested since an August Low’s was set at #2,452.80 - #2,462.80 a minor rally towards recent High's was Natural, healthy reaction before another #100 - #150-point decline ahead. I remain fully Bearish and will continue Shorting every High’s which Gold delivers. All goes according to the Medium-term plan as the Price-action is approaching #2,600.80 benchmark possibly for rejection (Daily chart turned Overbought sessions ago under current readings). Note that Gold will be closing first week of strong gains since the #2,472.80 - #2,482.80 local Low's. As I mentioned on my latest remarks, #2-consecutive Bearish week’s on Gold are messenger of #3rd consecutive one so Sellers can pursue values even below #2,452.80 psychological benchmark. DX lost Buying momentum on Intra-day basis however Bond Yields are on spiral uptrend where Gold attempted to find equilibrium between the two (of course correlation with DX is much stronger). My position: I am waiting patiently on sidelines for Gold to max out another Fundamentally driven uptrend with my set of Selling orders ready to deliver / achieve #100 - #150-point decline ahead on Gold as every record High's that Gold delivers, Price-action reverses into aggressive parabolic decline (my re-Sell zones intact).Shortby goldenBear8816
Gold Analysis==>>Double Bottom Pattern==>>Short termGold is near the Heavy Support zone($2,484-$2,431) and moving Support lines . In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Double Bottom Pattern . Also, Regular Divergence (RD+) between Consecutive Valleys . I expect Gold to rise to at least $2,518 . Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Longby pejman_zwinUpdated 6657
THE KOG REPORT - UpdateEnd of day update from us here at KOG: We wanted 2530 and managed 2529 early session then suggested traders look for the 2513 level for short trades. We had a bias level 2507 and with a slight extension managed to capture something from the bounce. Not a bad day but very choppy! Now we would like to see how this resistance levels holds the price, if it does we can expect a pullback into the 2510 region which is the level that needs to be monitored. We will say, unless you're already long from below, don't risk it here as we're still in the range and there is a reversal in play. If they break below that 2510 level we'll see this take out all the BE traders before then attempting that high again. We'll stick with the bias level and the target for now based on support holding. As always, trade safe. KOGby KnightsofGoldUpdated 101058
GOLD: The 2570-2580 area is likely to be a stage high pointGold finally ended the suppression of nearly a month yesterday, breaking through 2530 in one fell swoop, and the latest high reached 2572. I mentioned in yesterday's article that if gold does not set a new high in the short term, it may go down, but I didn't expect the impact to be so strong, much more violent than I expected. Yesterday, my Sell position was still held, with a small position at 2543 and an increase at 2550. Now the price has stabilized around 2570. I am going to add a little more, pull the average price appropriately, and continue to hold a bearish view. In my opinion, it is impossible to keep setting new highs. From the previous high of 2530 to the current 2570, it has risen by more than 40 US dollars after setting a new high. According to the previous rising pattern, each time the increase is 50$, so we can conclude that the high point of this rise is likely to be in the 2570-2580 area. Therefore, we don’t have to worry too much about the short orders we hold. The price of gold is likely to start falling from the 2570-2580 area. Next, I will continue to update my ideas in my channel for your reference. If you have any ideas, you can ask me directly.Shortby AntonyTPUpdated 118
GOLD Will Go Higher! Long! Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2,585.002. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,655.358 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider113
Opportunity to trade Gold-price today Short Gold was strong today Monday up until the London session started when value at its very high price was questioned. I got Short up at about 2588 and I am still in the trade as I see this as a retrace.Shortby Easy_Explosive_TradingUpdated 113
Prediction & Analysis worked 100% ( Gold Hit ATH (2600) As per my previous chat of prediction and analysis about gold price movement, it worked 100% with my strategy. the Gold Hit ATH 2600 and it get correction. Same FED interest rates are reduced 50BPS point as already mentioned strongly with my previous chat which no one expected 50 point and mostly all expected .25 point only expect few of the depth economic knowledge people. this is the power of fundamental skills, experiences and perdition. So who all needs perfect entry follow my ideas..... Great! by kingtraders-Liyan3
xauusdgold is getting crazy many ppl must have blown account who got trapped into sell as thinking of may fall from here coz of sell high and buy low strategy, but the truth is trading is not on hope or luck its about patientc and education, as we see gold made anew ath as i pridicted on my previous video well what i see gold from here clear vesion on d1 chart. if you still have any qustion leave a comment in the comment.Shortby Time-Win3
XAUUSD: 13/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2590, support below 2530 Four-hour resistance 2575, support below 2544 As the saying goes, the longer the horizontal line, the higher the vertical line. After a long period of box consolidation, the gold price broke upward and refreshed the historical high of 2531. It is emphasized that after the break of 2531, it is time to go all out to be bullish on gold. Don't have any more empty thoughts. The current market is bullish in multiple cycles. Whether it is the weekly, daily, or 4-hour lines, it is an absolute bullish trend. There is no doubt that we will continue to go long during the day. There is nothing to say. Just don't think about guessing where the top is for the time being. As for the intraday long position, after accelerating higher yesterday, it still maintained a strong upward trend today. The overnight low was at 2544, and today's Asian session low was at 2556. Pay attention to these two support points during the day. If you want to maintain an extremely strong long position, the starting point of 2556 cannot be broken. You can try to go long when it falls back during the day to near 2556. Today's bullish thinking can be maintained until 10 am in the U.S. market. Technical profit-taking may occur after 10 am, the last trading day of this week, but remember to only go long and not short, and follow the trend! BUY:2556near BUY:2544near SELL:2590near Technical analysis only provides trading direction!Longby ActuaryJUpdated 2
Break Below the 2570 Support Level Could Trigger a DropIf the 2570 support level is breached, it could signal a potential for more downside movement. This level often acts as a key threshold where buyers typically step in to prevent further losses. However, once broken, it may indicate that selling pressure is intensifying, which could lead to a more significant decline in price. Traders should watch for a strong break below this level, as it could open the door for even lower targets, potentially accelerating bearish momentum. Shortby FXTradingAnalysisUpdated 2
gurantee scalp tradeeverything explained in the chart take profit for big lot at 2587 and leave other trade stop at break even Shortby IRAQI_FX223
XAUUSD on the 15 Minute timeframe:Price is following a powerful uptrend making a series of higher highs & lows. I am looking to see if price will revisit the last higher low structure support once more, which also aligns with the 3rd touch to the ascending channel bottom. From this zone I would be looking for a lower timeframe reaction, and a potential continuation of the uptrend for a new potential higher high aimed towards the top of the channel. A great setup I am looking at which could provide a high Reward to Risk ratio. Waiting for confirmation in the zone below to look for a long setup. Have a great week traders!Longby Profound_Ambition2
GOLD short time BUY now..... AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.Longby AronnoFx3
Uptrend Considering the price reaction in the green support range, it is expected that the continuation of the upward trend will be formed up to the specified resistance levels. If the price can cross the green support zone, the uptrend will endLongby STPFOREX2
XAUUSD Bullish momentumXAUUSD is currently testing last week's high, with a potential for a short-term pullback. On the 4H timeframe, the market closed bullish, reflecting strong momentum. After bouncing off the 2550 support zone, it may continue rising, potentially surpassing the 2600 level, as resistance appears minimal aside from key round numbers. Following the FED rate cut, the price could eventually target the 3000 level. Any short-term pullback presents a buying opportunity. The immediate target is resistance at 2605Longby RTED_Investing112
Gold Price Forecast: Key Support at 2563 and Upside to 2588If gold breaches the 2563 support level , it may signal increased selling pressure, opening the possibility for a more downward movement toward the next key support area around 2545. However, if buyers step in and the price holds above the 2563 support , it could lead to a rebound, with potential upside movement toward the 2588 level . Traders will be watching to see if the support at 2563 can hold; if it does, the market may shift its focus to a possible rally.by FXTradingAnalysisUpdated 2
Gold in nuance with EU!!My views on EU is in the same ideology as of Gold. 2570 was entry which held nicely until I was kicked 0ut by a pullback after trailing my SL. For reentry I'll wait for a pullback in NY session overlap. I'll continue buying Gold. As it's now in a non referral chat space , I will be patient until it draws a clear picture within a favorable session. Wish you'll a happy 😊 trading! Longby propitical172
Correction and more upside for goldHi traders, Last week XAUUSD did exactly what I've said in my outlook. So did you profit from my analysis? Next week we could see a correction down and more upside for this pair. But be careful because it could drop from here too. Let's see what price does and react. Trade idea: Wait for the (corrective) move down to decide if you trade longs or shorts. If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! EduwaveLongby EduwaveTrading2