XAUUSD BEARConfirmed If market drops below 2500 we are heading down to 2400Shortby elitetechfx-dailyUpdated 1
KOG's RED BOXES - GOLD XAUUSD 11/09/24 1H Support: 2525 / 2530 / 2536 / 2542 / 2548 / 2550 Resistance: 2520 / 2516 / 2510 / 2507 / 2504 / 2499 Price: 2524 Bullish above 2507 with targets above 2530 and above that 2540 Bearish on break of 2507 with target below 2490 As always, trade safe. KOG by KnightsofGold6635
GOLD - at today support? what's next??#GOLD.. perfect move as per our analysis and now again market at his today most important supporting area 2575 to 2577 around. keep close that region because if market hold it then again bounce expected from here. and keep in mind that its our cut n reverse region on confirmation of downside breakout. dont be lazy here. . good luck trade wiselyby AdilHussain7313331
Historical high for pullback target 2500Historical high for pullback target 2500 Fundamental Analysis of XAU/USD US Federal Reserve Monetary Policy: Interest Rates: Higher US rates make the dollar stronger and reduce the attractiveness of gold, as the precious metal does not pay interest. Lower rates, on the contrary, weaken the dollar and increase demand for gold. Inflation: Gold is often used as a hedge against inflation. Rising US inflation could push gold prices higher. Economic and Geopolitical Risks: Gold has traditionally been a safe haven asset, which is in demand during times of economic uncertainty or geopolitical crises. Examples include global financial crises, military conflicts, and tensions between countries. US Dollar Rate: Since gold is quoted in dollars, the movement of the USD rate directly affects the price of gold. A weak dollar makes gold cheaper for foreign investors, which increases its demand. Gold Demand: Physical Demand: Industrial demand, jewelry demand, and investment demand (through gold ETFs) are also important for gold price dynamics. Central Bank Stocks: When central banks buy or sell gold, it can have a significant impact on its price. XAU/USD Technical Analysis Technical analysis uses price charts and indicators. Some popular methods of analysis include: Trend Lines: Analyze the long-term trend (upward, downward, or sideways). If the trend is up, gold may continue to rise unless there are signs of a reversal. Support and Resistance Levels: Identify key levels where the price has bounced or held off previously. These levels can be used to decide when to enter or exit a position. Indicators: Moving Averages: Used to analyze the general direction of a trend. A crossover of a short moving average with a long moving average from top to bottom may indicate the beginning of a downtrend, and vice versa. RSI (Relative Strength Index) indicator: Shows whether an asset is overbought or oversold. Values above 70 indicate overbought, below 30 indicate oversold. MACD (Moving Average Convergence Divergence): Helps to assess changes in the strength and direction of a trend. Candlestick patterns: Some candlestick combinations, such as Hammer, Engulfing, or Doji, can signal a price reversal or continuation of the current trend.Shortby AG_Fund2
GOLD BAT FOMED SHORT OPPORTUNITYGOLD BAT FOMED SHORT OPPORTUNITY Gold has formed a Bat pattern, and the price reached the supply zone. There, if the price cannot breakthrough 2531, sell Gold SL: 2533 TP1: 2506 TP2: 2499Shortby tntsunrise18
XAUUSD, Get ready to risk free!OANDA:XAUUSD 🚨 Gold Trade Update: A New Long Position Established 🚨 The previous position has hit its stop, and after careful analysis, we are entering a new long position at a key Market Profile Level (MPL). While no major news is driving the market currently, the third dynamic chart presents a strong initial signal that suggests a powerful entry opportunity. 🔑 Risk Management & Precautions: - Limit your risk to 1% of your portfolio per trade. - Avoid over-leveraging, especially in uncertain market conditions. - Ensure stop-losses are in place to safeguard against potential losses. - Patience is key – wait for clear confirmations before adjusting positions. Discipline and strong risk management are your best defenses in these conditions. Stay focused and sharp! Longby masouj111
Gold vs US 10-year yield (Bearish and bullish divergence)Chart pattern Gold- CCI (50) Bearish divergence (Daily chart) US 10- year yield - CCI (50) Bullish divergence (Daily chart) The near–term support is around $2570, a break below the target of $2560/$2544/$2535/$2520. The yellow metal faces minor resistance around $2590 and a breach above will take it to the next level of $2622/$2650. Indicator (Daily chart) CCI (14)- Bullish CCI (50)- Bullish Average directional movement Index - Bullish It is good to sell on rallies around $2584-85 with SL around $2600 for TP of $2545/$2520. Shortby FxWirePro1
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 5
This is my analysis for Gold 1. If the current candle stick closes below the support key level area as a simple rejection block(RB)(the RB indicates that volume is entering the market. This gives the the probability that subsequent candle will continue the movement.) then I can possibly enter the trade and sell down to next support key level expecting the price to continue the subsequent move downwards. NOTE: It is expected of the RB to close below the key level therefore performing what we call sweeping liquidity. But in a case it closes within the area of interest which is above the key level I will patiently wait for the next candle to determine my entry. 2. Once the market touches my FVG zone it is important to me the price does not close below the lower boundary, once this happens I will go LONG again since the market is Bullish. NOTE: DO NOT NEGLECT THE PRICE REACTION WHEN AN ORDER BLOCK IS TESTED THERE IS ALWAYS A STOP LOSS SWEEP ALONG THIS AREAby PIASKA1
XAUUSD 4H, ShortHai, long time no see. How re u all guys? i hope u're all blessed by profits... hehe... ima go short for now. SL : 2,581.57 - 2,582 TP 1 : 2,523 TP 2 : 2,461 Maybe there will be spike to 2590 then drop. the most probability it will be drop first to TP 1 zone, then go up again (Maybe new ath if USD cut 25 bps twice this year) Who knows, always follow the market. dont switch)Shortby Dissy_ArdjaniUpdated 2
Important data, GOLD traded quite narrowly ahead of FOMCOANDA:XAUUSD there are many fluctuations but still maintain the main uptrend, on this trading day the market will receive US retail sales data, this data will have a certain influence on the decision of the Federal Reserve (FED) this week. Today (Tuesday), the US Census Bureau will release retail sales data for August. Economists expect US retail sales to fall 0.2% monthly in August, after rising 1% in July. US retail sales data typically has a greater impact on financial markets, potentially influencing the trend of assets such as the US dollar and gold. August data is expected to be lower than July's positive data and is expected to guide the extent of the Fed's interest rate cuts, favoring a 50 basis point cut instead of a 25 basis point cut. copy. Of course, this is negative for the US Dollar and positive for gold. While retail sales data will be the primary focus today, the focus this week is on the Federal Reserve's interest rate decision due to be announced on Wednesday. According to CME's "Fed Watch" tool, the probability of the Federal Reserve cutting interest rates by 50 basis points in September has jumped to 67.0%. Less than a week ago, the market believed the Fed would cut interest rates by 25 basis points, while only 25% believed the Fed would cut interest rates by 50 basis points. This is a signal that the possibility of a 50bps cut on Wednesday is becoming more solid. Since gold does not yield interest, a low interest rate environment can reduce the opportunity cost of investing in gold, which is more beneficial for gold. Analysis of technical prospects for OANDA:XAUUSD Temporarily, gold is still trading in a fairly narrow range but the main uptrend has not changed technically with the price channel as the main trend and the EMA21 moving average as the main support. Gold's short-term uptrend is limited by the 0.618% Fibonacci extension, which readers noticed in the weekly publication on Sunday. For gold to have enough conditions to increase in price further, it needs to bring price activity above 2,582 USD, and this is also the current closest resistance level. Even if gold has not been able to break the $2,582 level to reach the next short-term target level at the original price point of $2,600 and beyond the 0.786% Fibonacci level, it still has a bullish bias. However, corrections can still occur because the technical principle is that the market will not be able to move in a straight line, and the immediate correction in the short term will be limited by the Fibonacci 0.50% price point of 2,561. USD, this is considered the closest support level currently. During the day, gold's uptrend may encounter short-term corrections with notable price levels listed below. Support: 2,575 – 2,561USD Resistance: 2,600 – 2,612USD SELL XAUUSD PRICE 2606 - 2604⚡️ ↠↠ Stoploss 2610 →Take Profit 1 2599 ↨ →Take Profit 2 2594 BUY XAUUSD PRICE 2544 - 2546⚡️ ↠↠ Stoploss 2540 →Take Profit 1 2551 ↨ →Take Profit 2 2556by Xayah_trading5
time for buystopmy buy from 10 days ago still open you can see on daily cgart we have pinbar and on 4hour we have support on 2533 ,if that support break gold can start up trend , so put buystop is good idea ALERT = gold can go to 2650 area but i predict we will see mini crash to 2350 after it if you have open sell , you must put buystop on last high wish you win Longby ramin_trader20069
Gold Sep/20/2024Gold chart as i predict by today, let see will it rally up or geting short in NY session todayLongby DV961
XAU at 2586, very high price at the time of waiting for FEDThe US CPI in August increased by 2.5% compared to the same period last year, lower than the forecast of 2.6% and down significantly from 2.9% in July. According to experts, the CPI report in August shows that the US core inflation is still high, not enough to make the Fed decide to cut interest rates by 50 basis points.by NicoTradingMaster4
BUY THIS AREA BUY 2575-2577 SL ---2574 Tp-1---2588 Tp-2---26500 BUY 2569-2573 sl---2568 Tp-1---2588 Tp-2---26500 Buy---2565-2567 Sl---2562 Tp-1---2588 Tp-2---26500 Longby Aadikesh1
GOLD Bullish ContinuationGOLD price is bouncing from a credible support zone. A potential new ALL TIME HIGH seems in formation as the price action seems to be forming a credible Higher Low on key Fibonacci levels. Trade Plan Entry @ 2551.25 OR CMP Stop Loss @ 2492 TP1 @ 2612 TP1.8 - 2 @ 2660 - 2672 No. of Trades: 2 Move SL to Break Even if TP1 hits.Longby SalaarBT1
XAUSD- Possible setup on 1 Hour timeframeKey Details: Entry Point: The suggested entry point appears to be after a minor pullback from the recent high. This typically indicates a possible rejection from a resistance level before a bearish movement. It looks like the entry is close to 2578 (as displayed on the chart). Stop Loss: The stop loss is placed above the recent highs, around 2582, protecting the position in case the market moves upward. Take Profit Levels: Take Profit 1: Around 2565, which is near the immediate support level. Take Profit 2: Further down, at 2532, indicating a deeper retracement or bearish movement. This level corresponds to a broader support zone visible on the chart. The setup shows a clear risk-reward ratio, where you are risking a small amount (difference between entry and stop loss) to gain a larger potential profit (difference between entry and take profit). This strategy can be effective when anticipating a correction from recent highs in a bearish setup. Shortby factoryforex011
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2506 Goldturn resistance and 2495, as Goldturn support. We currently have a gap above on market open at 2506 and below at 2495 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. 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 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 GoldViewFX by Goldviewfx2020489
PARALLEL CHANNEL STRATEGYIn this chart we are analysing 4H time frame for Xauusd. Here we are using parallel channel along with priceaction. I'm looking for potential sell today at the key level (2600). let's wait and analyze more deeply when market price reached at our level and which opportunity market will give us. Always use proper risk to reward ratio.Shortby BullionbuzzUpdated 2
Long on GoldA long position was entered upon breakout and retest of a broadening wedge pattern. Entry, take profit and stop loss are as seen in the trade idea. Stay safe and happy trading guys!!Longby Jo-Blow_get_moneyUpdated 2
Gold - 2h ChartGold has recently surged to new heights, in line with my predictions from almost a year ago. I wanted to share some of my current observations regarding the market. A large megaphone pattern appears to be forming, and within this structure, I’ve identified an ascending triangle. Additionally, candlestick patterns suggest the potential for a decline. If this pattern plays out, gold could drop either to the lower boundary of the megaphone or further down to the support zone around 2525-2530. However, if gold maintains its current levels, it may rise toward the upper side of the megaphone, near 2650, before potentially declining again. We’ll have to wait and see how the situation unfolds. Disclaimer: The above analysis is based on technical chart patterns and is not financial advice. Market conditions can change rapidly, and all investments carry risks. Please conduct your own research or consult with a professional financial advisor before making any investment decisions.by AktieAI1
Possible buy position is commintDue to bounce of the support at 1H I expect XAUSD to come near ATH or possibly again touching it. Longby pluciorx112
Is Gold HH confirmed ? 4H analysisGold is trading at record high with no sign of bearishness expecting Gold to go Higher High . But we have very important fed minute ahead FOMC , If Fed cuts rate by more than 0.5% will see atleast 2621-2650 and further even 2700. This idea is valid only if it not breaks 2600 Levels If rate cuts by only 0.25% we will see some correction but its a buy on every dips market . Please do check b=my monthly analysis as well. Don't forget to hit like , if you like my idea. Disclaimer : Trading involves a significant risk of loss and is not suitable for all investors , This idea is meant for education purpose only , do your own research before risking your account. Shortby Solomon_King47881