trend line vs fed cutgold price are rising making higher high with lows price is making strong support on yellow trend line first static support $2530 fomo buyers are happy because trend is their friends until one day changes everythingShortby Sangam-Agarwal2
2024-09-18 XAUUSDTonight, the global financial market's attention will be focused on the Federal Reserve's interest rate decision, which is expected to have a significant impact on the gold market. The market generally expects the Federal Reserve to announce a rate cut at this meeting, but the magnitude of the cut -25 basis points or 50 basis points - remains uncertain. This decision will not only affect the value of the US dollar, but also indirectly impact the gold market through its impact on global economic expectations. Longby adolphs1
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.Longby syomking764182
XAUUSD: Institutional Price ActionIt has failed to create a new higher high and also break the support and has created new lower low. i think we can get sell opportunity from marking zone. its not financial advice just education purposes. by FXNEWSCLUB1
XAUUSD 30MIN BUY PROJECTIONXAUUSD is positioning really good for a buy here.. As we can see price is making higher highs and higher lows.. waiting for price to come to the O.B with other confluences before taking the trade.. see you all tomorrowby aanebi051
Gold , wilder than tiger ! Lebanon Pager's story leads to the addition of this support to my equations. Before this incident, I considered the support of 2450 as the target of its correction and knew that it could be touched. But Lebanese pagers changed my mind. But if the Federal Reserve delays interest rate reduction by one month, 2450 can be touched again. (Eleven hours left for this important decision of the Federal Reserve) The long-term goal for gold is still 3000.Longby mrata71
GOLD expected 2660!When analyzing Elliot waves with the daily frame, there is not much to do, observing and waiting rather than continuously trading is the right thing to do. I expect the first target of wave (5) - blue near the price level of 2660. -ON THE CHART: I built a DAVAS price box, with 2 price bases that are new ideas connected to Elliott waves. Wish you good luck!Longby tienluc1
XAUUSD - sell levelNext sell level is at 2587 area. There is FOMC tomorrow, price is little jumpy and erratic.. I would be extra careful!!Shortby BlueSec1
tomorrow monitoring 64 58 supportfor me the key of long term PA based on how low the drop from 2nd daily red candle as long 82 resistance strong and 4H keep making red candle momentum still bearish the problem with gold for months indicator keep floating sideway in mid zone but right now even with 82 retest still no bullish breakout signal either need above 85 as bullish breakout signal, or it still bearish which is why I make this chartShortby salvanost1
Commodities: Gold Holds the Olympic PodiumThe dollar has traded near its lowest levels of the year on Monday, with a 67% probability that the Federal Reserve will make a 50 basis point cut in interest rates. The move could weaken the dollar against other currencies, especially the yen. The euro has held at $1.1123, while the British pound has reached $1.3203. The Dollar Index has settled at 100.7, near its 2024 low. With these fluctuations, precious metals have benefited. We continue to see a Carry-trade strategy in the EURO/DOLLAR that appears to be looking for the top of the channel. • Energy: o Oil: Brent and WTI (LCrude) have been hovering around $70 per barrel, with Brent breaking through this barrier due to Hurricane Francine in the Gulf of Mexico. Despite the buying pressure, both have lost 5% and 1.60% respectively since the beginning of the year. The IEA has lowered its global demand forecasts, while OPEC projects an increase of 2.03 million barrels per day in 2023. o Gas (NGAS): has continued to move higher, breaking through resistance in mid-August, currently gas appears to be moving higher with the current buying pressure ahead of what is believed to be a potentially cold winter. • Metals: o Gold(GOLD): has traded at a new all-time high of $2,589. Gold remains a strong option and could move towards $2,700. o Silver(SILVER): It has traded at $31,188, after breaking through resistance on August 27. Silver could accompany gold in its ascent. o Copper(COPPERDEC24): It has traded at USD 9.308 in London, boosted by the falling dollar and expectations of support in China. It has broken the late August resistance in what looks like a strong bullish momentum and could turn into a Shoulder-Head-Shoulder figure depending on the evolution of Chinese demand for copper. o Palladium: It has traded at USD 991.90 in the US, having reached a high of USD 995.45 yesterday. Palladium is showing a possible climb towards December 2023 prices. • Agricultural Commodities: o Corn (CORNDEC24): Prices have been pressured by an upward revision to the U.S. crop, although weekly results remain positive. o Wheat(WHEATDEC24): Traded higher in Chicago, reaching 593 cents (December 2024 price). The current uptrend has fractured early August resistance and trades at what looks like the first shoulder from early July and appears to be forming a second shoulder which could send wheat back down regardless. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTrades2
D1 Reach Max Buyer Limit, Need To At Least RetraceBased on D1 Support Low Break, many looks for selling pressure for Gold to makes down trend. But seems like due to fundamental pressure that not a good condition for downtrend, Gold has been in consolidation for quite days, and has now break the D1 Resistance. Looking at current position, either it makes downtrend or uptrend, we have opportunity for sell at least until nearest High for RBS.Shortby sahniana2
Recap of my Gold trade, Fakeout high continuationGreat start into the week, with a very clean FOH H8 and day, taken with 1h time rotation into 3rd hour. Target pdVAH close to LOD01:58by TC8881
#XAUUSD 1HBased on the 1-hour analysis, if the price closes below the 2575.00 level, we should consider selling opportunities. The 2585.00 to 2587.00 range is a key zone for our sellers. However, avoid placing any advance orders at this time. Wait for strong bearish confirmation before entering a trade. #XAUUSDShortby PIPSFIGHTER6
GOLD-Strategy 12-hourly chart Heikin AshiWhen an asset class is overbought, and especially to the extreme, it appears as if we will go much further north. Gold is no difference, and we are very overbought, and the chances are we will correct at a minimum of $ 100-125 is my personal view point. Strategy SELL @ $ 2,575-2,600 and take profit below $ 2,490 for now. SL based on your own risk appetite. Shortby peterbokma1
Gold at Record Highs Breaks RecordsGold has reached record highs, surpassing $2,570 per ounce, driven by the expectation of interest rate cuts by the U.S. Federal Reserve and the recent tightening by the European Central Bank, which reduced rates by 25 basis points. This expansive monetary policy environment has favored gold, seen as a safe haven asset in times of economic uncertainty. In addition, silver and copper have registered increases, reinforcing a positive outlook for precious metals. Goldman Sachs projects a gold price of $2,700 per ounce by 2025, anticipating that a looser policy cycle will benefit the metal in the long term. However, risks linked to economic slowdown and geopolitical instability persist, strengthening the perception of gold as a hedge against currency depreciation and inflation. In the technical analysis, there is significant bullish strength that has broken the sideways movement that began in August, reaching new highs. The RSI index stands at 67.28%, indicating a slight overbought level that hints at a possible extension of the price to higher highs. With the checkpoint in the $2,325 area, it is possible that after reaching $2,600, the price will experience a pullback towards the last consolidated price structure of $2,500, being this the area where the current price is supported. Ion Jauregui - Analyst ActivTrades (13/09/2024) ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Longby ActivTrades2
!!! GOLD !!! - Up Up and Up!Hi, Will we close the ascending channel in the first days of the week... If that happens we will have this scenario. This is just an idea! Be careful!Shortby rogvirtualmoney1
Reversal Magnet to Key Support: Retracement to Wave 4 in XAUUSDIn this analysis, I'm highlighting a critical support level in XAU/USD, where the price is reversing and being drawn to the Wave 4 region of the previous impulse wave, according to the Elliott Wave Principle (EWP). This level often acts as a strong support zone, making it a key area to monitor. On higher timeframes, there is a possibility of a Head and Shoulders pattern forming, which would further confirm the likelihood of a reversal at this key level. Traders should watch this area closely for signs of bearish continuation patterns or additional confirmation signals.Shortby Tanakorn_Koomrampai_CMT_CFTeUpdated 3
Gold Analysis for Upcoming Week Monday 16.Sep.24Hi followers, I hope everyone is gearing up for a profitable week ahead. Here’s my analysis for the upcoming week based on the chart above: Gold has been trending upwards within a 15-minute channel. I anticipate that the price may test the bottom of this channel, which is around 2572-2575. Following this, I expect a potential increase to reach last week's high of 2586. Afterward, a retracement to approximately 2545 seems likely. Stay tuned for updates, and best of luck with your trades!by tanhaed2
Gold short term entries With gold ranging, we might see a double top signifying short term sells or general trend reversal for a retracement move. Risk management is key especially with the recent whipsaws that took out buyers and sellers at the same time.Shortby Gold_Street1
Precious metals updateOn Thursday, gold finally managed to break out of its month-long trading range as it surged above $2,530. It built on those gains on Friday to close at a new all-time high just under $2,580. It was firmer again overnight, although it had shed its gains at the time of writing. Time will tell whether the pull-back is simply a round of profit-taking or the beginning of a more protracted sell-off. Silver was also on a tear last week. Having started last Monday’s session below $28.00, buyers turned up to push it within a few cents of $31 by Friday’s close, an overall gain of 11%. It briefly topped $31 this morning, but, like gold, has since pulled back from its best levels. The sharp drop in the US dollar has helped both metals push higher. But, as with equities, where gold and silver go next, at least in the short term, will come down to Wednesday’s rate decision from the US Federal Reserve. This, along with the FOMC’s forecasts for inflation and the Fed Funds rate in its quarterly Summary of Economic Projections, has the potential to trigger a sharp rise in volatility for both metals. by TradeNation1
XAUUSD - Looking for a shortI am looking to short the gold at this level.. I think it's due for a little pullback, hopefully before the market opens!!Shortby BlueSecUpdated 113
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
XAUUSD - Sleeping @ ATH?Aiming for low hanging fruits here with $2,477 in my scopes. Shift below $2,471 will spark a shift in market structure Short05:13by LegendSinceUpdated 1