XAUUSD preditionThe overall trend of XAUUSD is bearish but due to the FOMC price is ranging bu expecting price to crash from 2572.847, putting my sl @ 2576.034 Note: This is my personal trade and not in anyway mandatory by darcekid11116
KOG's RED BOXES - GOLDXAUUSD Todays Red boxes: Key level resistance 2588 needs to break for 2599 and above that 2605 Key level support 2576 needs to break for 2565 and below that 2555 As always, trade safe. KOG by KnightsofGoldUpdated 25
GOLD: Pullback in Short Term?Hi Traders! Gold prices rose early on Thursday as the dollar weakened ahead of next week's expected Federal Reserve interest-rate cut. Gold for December delivery was last seen up US$19.70 to US$2,562.10 per ounce. Hopes among gold bulls that the Federal Reserve's policy committee would offer 50 basis point rate cut at the end of its two-day meeting next Wednesday were dashed when data released yesterday showed the August U.S. Consumer Price Index rose by 2.5% down from 2.9% in July. "Gold dropped back on Wednesday after US inflation data dimmed the prospects for a 50-basis-point cut next week, but underlying strength prevails, with daily higher lows signaling continued appetite from investors," Saxo Bank noted. The dollar eased early, with the ICE dollar index last seen down 0.08 points to 101.61. Treasury yields were flat, with the yield on the U.S. two-year not unchanged at 3.648%, while the 10-year note was paying 3.658%, also steady. From a technical point of view, on the daily chart the trend is bullish (but has not yet reached our Target at the moment). That said, once the harmonic structure is completed, we do not exclude an interesting mid-term pullback. What do you think? Please support our idea for future updates. Thanks for watchingShortby TheAnonymousBanker111140
Bullish bounce off major pullback support?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 2,531.45 1st Support: 2,500.49 1st Resistance: 2,588.56 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets116
XAU/USD : First Long, Then SHORT ! (READ THE CAPTION)By analyzing the gold chart on the 4-hour timeframe, we can see that the price is currently trading around $2496. If the price manages to hold above $2485, I expect it to rise first to the $2507 to $2518 range to fill the existing liquidity gap. After that, we can anticipate further declines in gold, with potential targets at $2484, $2472, and $2460. 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 4444497
Gold: Will start selling above 2590 Currently, the gold price is at 2584. I believe it should rise to the 2590-2596 range before starting to decline, with a significant drop likely to occur, potentially reaching the 2563 area. Therefore, I plan to initiate a sell position near 2590, with take-profit targets set in the 2573-2561 range. Gold's price movement could be influenced by market supply and demand, geopolitical risks, and economic data, so I will closely monitor market developments to adjust my strategy as needed.Shortby Wealth_WavesUpdated 118
Gold => Targeting 2600 next week?Hey Traders, in the coming week we are monitoring XAUUSD for a buying opportunity around 2574 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2574 support zone. Trade safe, Joe.Longby JoeChampion1115
Trading Signals September 20Fundamental Analysis Bullish gold extended gains after recording losses on Wednesday following the Fed decision. Officials sided with the larger of the two cuts expected by Wall Street, justifying their decision by pointing to inflation progressing steadily toward the Fed’s 2% target. Fed Chairman Jerome Powell stressed that the Fed could maintain labor strength by adjusting policy. Meanwhile, US employment data is in focus after Powell’s speech at Jackson Hole, in which he shifted focus to achieving the maximum employment mandate. On Thursday, the US Department of Labor revealed that the number of people filing for unemployment benefits was lower than expected, indicating strength in the labor market. Meanwhile, US Treasury yields followed in Gold’s footsteps, with the benchmark 10-year Treasury yielding 3.74%, up three and a half basis points. However, this did not support the greenback, according to the US Dollar Index (DXY), which fell 0.31% to 100.62. Technical Analysis The price zone to watch in today's European session is 2610 new ATH peak. If the price fails to break this zone in the middle of the European session, Gold can be sold to the breakout zone when the European session is 2600-2595. When the US session fails to break the 2595 zone, BUY again and continue to hold long-term combined with the old BUY signals in the 254x 247x zone of the previous days, we have a long-term BUY signal up to 27xx Trading signal Breakout upper boundary: 2593 - 2600 -2605 - 2615 Upper resistance: 2593 - 2600 -2605 - 2615 Breakout lower boundary: 2580 - 2572 - 2565 - 2557 - 2550 Support: 2580 - 2572 - 2565 - 2557 - 2550 SELL 2613 - 2615. Stoploss 2619 BUY 2580 - 2578. Stoploss 2574 BUY 2567 - 2565. Stoploss 2561by TVS-Trader116
XAUUSD SELL NOW ! WEEKLY CLOSING DAY!Go through the analysis carefully, and do trade accordingly. Resistance- 2591-2594 Resistance-2612-2616 Support- 2571-2565 Support-2551-2555 Support-2541-2545 Strong support area- 2531-2535 Gold Signal Daily for the week Current price- 2587.9 "if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618" Advice-For Buying Best buying area= 2530-2535 For selling Best selling area= 2600-2616-2630 -POSSIBILITY-1 If 2571 break and sustain then you can sell gold with retest target will be 2545-2535 -POSSIBILITY-2 If it breaks 2600 and sustains then you can sell gold with retest target will be 2616-2630Shortby Goldsignaldaily226
XAUUSDXAUUSD The main trend is up. Now the price is near the 2600 resistance zone. If the price cannot break through the 2600 level, it is expected that there is a chance that the price will go down in the short term. Consider selling the red zone. 🔥Trading futures, forex, CFDs and stocks carries a risk of loss. Please consider carefully whether such trading is suitable for you. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Shortby Serana2324338
GOLD NEXT POSSIBLE FOR THE NEXT WEEKKeep you trading chart simple for better understanding. I am expecting sharp downside move next week...what do you say guys ❗️Shortby ForexVenom0007116
GOLD LONG TO $2,800Within my Account Management service (The Gold Fund), I have been buying Gold since $1,600's for my investors. We have been holding for nearly 2 years now & cashed out partials profits along the way. We still have much more upside to go towards our $2,800 target. We will look for a TEMPORARY retracement, then look to buy more.Longby BA_Investments5510
FOMO - reach higher ATH! XAU maybe reach 2590⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) held onto modest gains early Friday, trading near the record high of $2,565-$2,570. Thursday’s softer US Producer Price Index (PPI) report signaled easing inflation, boosting expectations of a larger Fed rate cut next week. This was supported by falling US Treasury yields and a weaker US Dollar, benefiting the non-yielding metal. Geopolitical tensions in the Middle East and the Russia-Ukraine conflict also bolster gold's safe-haven appeal. The recent breakout from a multi-week range suggests further upside, though bulls may remain cautious ahead of next week’s key central bank decisions from the Fed, BoE, and BoJ. ⭐️ Personal comments NOVA: Break old ATH 2531, fomo Gold price has huge buying pressure. Continue to expect the price range of 2590, the new ATH for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2547 - $2545 SL $2542 TP1: $2552 TP2: $2560 TP3: $2570 🔥BUY GOLD zone: $2530 - $2528 SL $2523 TP1: $2540 TP2: $2550 TP3: $2560 🔥SELL GOLD zone: $2590 - $2592 SL $2597 TP1: $2575 TP2: $2560 TP3: $2550 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 longestLongby Nova-ScalperUpdated 101035
XAUUSD: Next target $2600, Swing Buy OnlyOANDA:XAUUSD Our last few trade setups have invalided on gold as price dropped further than what we had expected initially in our chart, however, our bias remain the same. We still think that price will grow or rise further. And there is high possibility of price reaching 2600$ region if the news support our idea on Friday Until then we wish you all the best and good luck in trading. Longby Setupsfx_Updated 2424105
GOLD OUTLOOKThe weekly chart shows gold in a clear uptrend, consistently respecting the lower trendline, which has been touched four times. As the price approaches the fourth touchpoint, it suggests the uptrend may be nearing its peak. However, there could still be some room for an upward move towards the upper trendline. If a rejection occurs after reaching this level, it would signal a potential sell opportunity, with a likely target around 2300. Shortby PotentFXUpdated 2214
Lets short the beast!Gold touches another high today. I'M shorting it now, when clear 2600, 2525 would be next.Shortby safdaruetian115
Gold will go shortgold will go short if the price closes below 2590 at daily frame, but if closed above this price the gold will achieve new prices in my point of view, if price does some correction will hit 2500 Trade : Sell Entry Price : 2578:2580 Stop Lose : close above 2590 at daily frame Take Profit :2500Shortby Anubis94115
Gold Price Analysis📣GOLD Price Analysis Gold reached new record highs on Friday, with the market interpreting part of this move as an opportunity cost amid decreasing interest rates by major central banks. Additionally, falling real yields are driving gold prices higher. The ongoing conflict in the Middle East is another significant factor supporting gold’s strength. Technical analysis: On the 60 Minute chart the price broke our the strong resistance area near 2600 established during the FOMC meeting. With the price creating a new all time high it is likely to rise further to 2520 and 2630 in the short term Bearish Scanerio: Excise caution If the price moves below 2600 it could indicate a false bullish breakout potentially leading to w decline towards 2550. This scenario requires carefully attention as it could trap you in long position at an all time high zone. PS: always use a stop loss in every trade you take unexpected moves can occur at any Time.Longby MrCharlie1Updated 3320
Bump and Run Pattern with Key Resistance and Pullback Zones!OANDA:XAUUSD Current Price: 2578.715 4H Chart 1 - Consolidation Support & Resistance Zone: • After breaking out of the Consolidation Zone, Gold has reached the All-Time High (ATH) of 2586.013, marking the high of the Lead-In Phase in the Bump and Run pattern. • Consolidation High Line: This line represents the price projection based on the height of the consolidation support and resistance zone. The price may move toward the target of 2594.126. In the Daily chart I published earlier, Gold is also within an ascending channel. Based on this, the price may rise to the upper trendline, which is close to 2600. 2 - Ultimate Level: The price is currently slightly above the Ultimate Level at 2578.125. If the price holds above this level, it is likely to revisit the new resistance at the ATH. Should it break through, the next target would be based on the projection line, with the price likely heading toward 2594. Given the Overbought Zone, a pullback from this level is possible, but if the strong bullish momentum continues, Gold may break through the price target and Overbought Zone. However, once it reaches the Extreme Overbought Zone, we expect significant pullback pressure. 3 - Major Correction: From the Extreme Overbought Zone, we anticipate the price will return to the Ultimate Level at 2578.125. While it may hold here temporarily, it is more likely to break below this level. In that case, the next target will be the Prime Reversal Zone at 2539.630, where the price may consolidate within the Consolidation Zone. 4 - Bump and Run Pattern: Following the Consolidation Phase, the Bump and Run pattern suggests that the price will likely break through the Prime Reversal Zone and approach the Breakout Line. After breaking this line, a throwback to retest the Breakout Line is expected, marking the beginning of the Run Phase. From there, the price could move toward the Major Turning Point. At this level, the price may either consolidate or experience a partial rise. However, the ultimate target is the Low of the Lead-In Phase, with a projected price of 2471, according to the Bump and Run pattern. • Additionally, if the price breaks the key psychological level at 2500, this would signal a bearish shift in the market. Conclusion: Gold is currently in a bullish trend, trading near important levels in the Overbought Zone. While a further rise toward 2617 is possible, a market correction is likely. Watch for a pullback to the Prime Reversal Zone at 2578 or the Breakout Line at 2543. A deeper retracement could target the Major Turning Point at 2500 or the Low of Lead at 2471. If the market holds above 2543, the bullish trend could resume with new highs.Shortby SpicyPipsUpdated 2211
GoldI expect gold to be in a long-term downward trend from the range of 2730 to 2800 dollars and to continue this downward trend until at least the level of 1700 dollars.Shortby alirezaamirian224
Gold price todayToday, gold price touched $2571 and did not change much from yesterday's trading session with stability above the highs in early Wednesday. Today there is no strong news and I will focus on the analysis on the 4-hour chart of #GOLD. From a close observation, the trend line and the price wedge both show an uptrend, however it is limited below the resistance of the uptrend channel. Based on previous reactions, I first expect the price to correct at the present time. My strategy today is to hold the short position until the specified target.Shortby BB_TradingFX1136
XAUUSD BUY NOW TRIANGLE PATTERN Xauusd form triangle pattern Buy set Stoploss 2575.304 set Take profit1 2604.998 and Take profit2 2620.366 . Use money maagementLongby FrankFx14Updated 226
GOLD (XAUUSD): Time For Pullback A sudden breach of the previous record high sparked a significant uptrend in the price of Gold last week, pushing it to a crucial resistance level at 2600. Following a test of this level, the market began to consolidate and formed a head and shoulders pattern on the hourly chart. A break below the neckline of this pattern will be a strong bearish indicator, suggesting a potential retracement from the resistance. To short with confirmation, wait for a breakout of the neckline/support of the range. Targets for this retracement are set at 2569 and 2564.Shortby linofx11112