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Goldlong

Tuesday Market Analysis and SignalsIn the Asian market on Tuesday, gold fluctuated in a narrow range at high levels and is currently trading around $2,628 per ounce. Gold hit an all-time high of 2,634 during trading on Monday, up about 0.24%. The bullish market sentiment after the Fed's interest rate cut last week and geopolitical tensions pushed up the London gold price, but the US dollar index stabilized and rebounded. Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end", and investors need to beware of the risk of a short-term correction in gold prices. If the employment rate drops sharply, the market will believe that the Fed may be more active in cutting interest rates, which is very beneficial to gold prices. In addition, regional instability in the Middle East may further push gold prices higher. The growing tensions between Israel and Hezbollah have enhanced the appeal of safe havens, which may further boost demand for gold. As a traditional hedging tool for geopolitical and economic uncertainties, gold will have its best year in 14 years. There are relatively few economic data on this trading day. Investors will pay attention to the Reserve Bank of Australia's interest rate decision, the US Conference Board Consumer Confidence Index in September, speeches by Fed officials, and news related to the geopolitical situation. Yesterday, the historical high of 2634 was reached again, showing a continuous breakthrough of the bullish pattern. The MA7/10-day moving average and the 5-day moving average have moved up to 2605/2582, of which the 5-day moving average is above the 2600 mark, and the RSI indicator is close to the high value of 80. The upper rail resistance of the Bollinger Band channel is obvious. In the short term, the gold price faces certain suppression and technical indicator repair. The overall gold bull trend structure is intact. The small cycle indicator is overbought and the indicator needs further cycle repair. Look at the 2615/2635 range first, buy low and sell high. Trading strategy: 2613-2615 long, stop loss 2604, target 2635-2645; 2635-2638 short, stop loss 2647, target 2610-2600;
OANDA:XAUUSDLong
by Jun-goldFX
9.24 Technical Analysis of Gold Short-term OperationsThe bullish market sentiment after the Fed's rate cut last week and geopolitical tensions pushed up gold prices. Gold hit a new record high yesterday, reaching 2634, and then began to fall slightly, closing the daily line with a small positive. However, the US dollar index stabilized and rebounded, and Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end". Everyone still needs to beware of the risk of a short-term correction in gold prices. Gold hit a new high again, and the high point was constantly refreshed, from 2500 to 2634. In the short term, it is still dominated by a bullish trend. The weekly level broke through strongly last week. The current market is running on the upper track of the long-term channel. At present, it is necessary to focus on the support near 2600. The gains and losses of this position are related to the trend guidance of gold bulls and bears. If this position is broken, gold is likely to have a large retracement. It is still expected to fluctuate during the day. In the short term, if gold wants to completely get out of the strong pattern, it still needs time to exchange space. I have repeatedly emphasized that the current point chasing long profits and risks are not proportional. The operation is around the 2600-2635 range during the day. Detailed intraday operation strategy: Short gold at current price 2633, defense 2638, target 2620-2600 Long gold at 2600, defense 2594, target 2610-262
TVC:GOLD
by David_strategy
Dollar Index SellAs dollar index had expierenced waterfall during new on US session and it has stopped over its weekly support and is also forming a falling wedge pattern which is a Bearish Continuation pattern now and it has also completed ABCD waves and going to complete its last E wave if everything goes inline after E Waves it will break down its weekly to daily Support and will start falling again after a reset market sentiment is also indicating that DXY will continue falling also the confluence is price is trading in down trend on daily to H4 to H1 TF and bullish in weekly and monthly TF according to my anylisis DXY will keep falling till its weekly base acting as support on 98.00
TVC:DXYShort
by Wakeel_Saab
Gold Outlook Today we have experienced a new over purchase manager index PMI which has shown pretty much data that was the reason gold has moved up and USD has dropped now as the news is over and price is forming a resistance over 2630 physiological level also price is consolidating between 2615 to 2630 level which probably be making a flag pattern which is a bullish continuation pattern now we will wait for break above 2630 and break below 2615 then we will act accordingly Thanks
OANDA:XAUUSDLong
by Wakeel_Saab
XAUUSD:23/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2650, support 2550 Four-hour resistance 2650, support 2613-2604 Gold operation suggestions: The rise is boosted by the bets of further interest rate cuts in the United States and the intensification of tensions in the Middle East. Gold prices have risen by 27% so far in 2024, which is set to hit the largest annual increase since 2010. The market seeks to hedge the uncertainty caused by long-term conflicts in the Middle East and other regions. At present, the overall gold price has stood above the 2600 mark and entered a very strong unilateral pattern of bulls. Judging from the current market trend, gold is fluctuating at the 2630 level, and the bulls are in a slow bull market. Today we continue to see new highs above, and pay attention to the 2613-2604 support line below. The operation is still mainly based on retracement and long positions. Before the daily level falls below this position, the low-multiple rhythm remains unchanged. BUY:2611~2613 SL:2604 SELL:2649~2651 SL:2655 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
2
Gold short-term operation strategyThe four-hour lifeline, the hourly double-line upper track, the acceleration starting point, the top and bottom conversion position, and the position along the channel line are superimposed at 2584-2590, which is used as a support area for sweeping. The price squats and steps back to determine the support, or look at the upward movement The Asian session breaks the high, the European session breaks the low, and the sprint action needs to be handed over to the US session Pay attention to 2612-2610 in the European session, pay attention to 2622 upwards, and then look at 2630-2632
TVC:GOLDLong
by David_strategy
Is gold reaching 2700 possible?After americaA Federal Reserve (Fed) decreased primary hobby costs for the primary time seeing that 2020, international gold costs constantly set new records. Good advantages for gold, this tool does now no longer pay constant hobby. This morning, every ounce of gold for instant transport accelerated to 2,630 USD Forecasts from the international`s main banks all percentage a membership angle on valuable metals. Accordingly, 2700 USD could be accomplished this 12 months or early subsequent 12 months. In particular, the primary using pressure for the boom in valuable metals is the Fed's hobby fee cuts, plus assisting elements consisting of geopolitical instability and gold shopping energy from significant banks. 💎GOLD Sell Scalp 2625 - 2627💎 ✔️TP1: 2620 ✔️TP2: 2610 ✔️TP3: OPEN 🚫SL: 2635
CAPITALCOM:GOLDShort
by FalCol_TradingMaster
9.23 Gold Short-term Operation Analysis StrategyGold's daily and weekly lines are both up, setting new highs. Gold once again stood firmly on the 2600 line. The daily and weekly lines closed directly with big positive lines, with basically no leads. Judging from the current trend, gold will continue to rise in the long run, and the technical forms are undoubtedly strong. There are currently a lot of short-term supports below, 2610-2600 in the short term, and the upper short-term suppression is at 2635. No one can predict where the final high point will be. As gold repeatedly breaks through new highs and madly refreshes historical highs, new highs also hide the risk of falling back. Intraday operation strategy: Short at 2635, defend at 2641, target 2620-2600 Buy at 2605, defend at 2600, target 2620-2630
TVC:GOLDLong
by David_strategy
3
XAUUSD: Analysis and Strategy for Today 19/9Gold technical analysis Daily resistance 2600, support below 2500 Four-hour resistance 2600, support below 2566-2530 Gold operation suggestions: Yesterday, the Federal Reserve unexpectedly cut interest rates by 50 basis points and ushered in a high-level breakthrough of the 2600 mark, which was suppressed and fell back, and then fell and bottomed out. The overall price was blocked at the 2600 mark. Today, the decline was recovered but it did not break through 2600. Gold has generated periodic pressure above, and it may also form a large correction. From the current trend of gold, the upper pressure of the daily four-hour level is at the 2600 integer mark, and the lower support of the daily line is 2500, near 2530 for four hours, and near 2566 for the hourly level. Today, the NY market operation strategy is to buy on dips, and observe whether 2600 can stand firm above. BUY:2566near SL:2561 BUY:2530near SL:2526 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
OANDA:XAUUSDLong
by ActuaryJ
Gold Shines as Dollar Dips: A New All-Time High in SightHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD . In the daily timeframe, gold has formed a symmetrical triangle followed by a breakout above the upper trendline. Recently, the price retested this trendline and continued to move upward. Analyzing the trend, gold remains above the EMA34 line, indicating a bullish trend. Additionally, the MACD has made a bullish crossover, signaling upward momentum. With these technical indicators aligning, we are looking at a potential continuation of this upward movement toward Target Area 1 at 2,625 or even Target Area 2 at 2,739. However, bears might find some hope if the price manages to break below the support level at 2,426. The bullish trend is also supported by fundamental factors, as Federal Reserve Chairman Jerome Powell recently confirmed that interest rate cuts are likely in the near future. This has weakened the dollar compared to other currencies and commodities, further boosting the appeal of gold. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. " Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OANDA:XAUUSDLong
by financialfreedomgoals101
Monday Market Analysis and SignalsGold fluctuated in a narrow range near its historical high in the Asian market on Monday, and is currently trading around 2628. Gold prices broke through the $2,600 mark for the first time last Friday, and once refreshed the historical high to 2625, continuing the rally boosted by further US interest rate cuts and increased tensions in the Middle East. The Federal Reserve cut interest rates by 50 basis points last Wednesday, launching an easing cycle, which has added vitality to the latest rise in gold prices. Gold prices have risen 27% so far in 2024, and are set to hit the largest annual increase since 2010, as investors seek to hedge against uncertainties caused by long-term conflicts in the Middle East and other regions. Investors need to continue to pay attention to changes in market expectations for future Fed rate cuts and news related to the geopolitical situation. This week, the US PCE data for August will also be released, which is the inflation data that the Federal Reserve focuses on monitoring. The manufacturing PMI data for September in the United States and other Western countries will be released on this trading day. In addition, several Federal Reserve officials will give speeches, which investors need to pay close attention to. There is no major change in the technical aspect, and the strong bullish trend is still maintained. The daily MA10/7-day moving average is upward, moving up to 2571/2588, the price is running on the upper track of the Bollinger Band, and the RSI indicator is at a high of 70. The short-term four-hour chart shows that the price continues to run in a trend, and the moving average opens upward and increases in volume. The RSI indicator needs to pay attention to coming above the value of 70 again. Generally, it is considered overbought when it reaches above the value of 80. Technically, gold continues to run in a trend structure, and the layout is mainly low and long. The historical high is unknown. Trading strategy: 2608-2610 long, stop loss 2600, target 2630-2640; 2635-2637 short, stop loss 2646, target 2610-2600;
OANDA:XAUUSDLong
by Jun-goldFX
XAU/USD Sell to buy idea, from 2,590 or 2,560This week’s analysis for gold suggests that the price will slow down and begin to distribute. Once the price corrects and retraces to one of my nearby points of interest (either the 10-hour or 5-hour demand zone), I'll be looking for re-accumulation to occur on the lower time frames. Once this re-accumulation is confirmed, I’ll be looking for buying opportunities to continue the upward trend. I expect this move to happen later in the week, depending on the volume and how long it takes for the price to consolidate and break out. Key confluences for gold buys: - The price has been bullish on both lower and higher time frames. - Two clean demand zones have triggered the recent break of structure. - A bullish move is pending a pullback. - The dollar is bearish, which supports gold’s upward movement. P.S. If the price starts to decline and shifts in character, I’ll be looking for a supply zone to potentially catch a short-term sell down toward the demand level.
OANDA:XAUUSDLong
by Hassan_fx
XAUUSDHello Traders! What are your thoughts on GOLD ? Gold has maintained its upward momentum in recent weeks, and it is expected to continue this week after some fluctuations and price corrections from the identified levels. If you are looking for a safer entry with less risk, it's advisable to wait for the price to reach the second support level, which provides a more reliable buying opportunity. If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDLong
by HAMED_AZ
4
XAUUSD OUTLOOK - September 21 2024Technical Analysis Gold remains in a bullish stance, with prices holding firmly around the $2,600 mark. Last week's price action showed resilience, bouncing off the $2,560 support level. The key resistance remains at $2,630, and a clear break above this could open a path toward $2,650–$2,700. The RSI is near overbought territory, suggesting a potential short-term correction, while the 50-day and 200-day moving averages indicate continued upward momentum, with the golden cross reinforcing the bullish outlook. Support Levels: $2,550 (primary), $2,515 (secondary) Resistance Levels: $2,630 (primary), $2,650-$2,700 (extended) Fundamental Analysis Gold's fundamental outlook remains strong due to a confluence of macroeconomic factors. Inflationary pressures continue to drive demand for gold as a hedge, particularly with expectations of a dovish stance from the Federal Reserve. This could lead to a weaker U.S. dollar, further boosting gold prices. Geopolitical uncertainties, such as tensions in Ukraine and ongoing U.S.-China trade issues, are increasing gold's safe-haven appeal. Additionally, central banks continue to accumulate gold reserves, providing strong underlying demand and supporting the metal’s upward trajectory. Overall, sentiment for gold remains heavily bullish and expectations continue to grow which may see some severe short turn cuts while maintaining the upward momentum. Summary Gold is expected to maintain its bullish trajectory, with a potential consolidation phase due to technical factors like the RSI indicating overbought conditions. Fundamentally, inflation, dovish Fed policies, and geopolitical uncertainties are likely to drive further demand for gold. A key level to watch is $2,630, and if this resistance is broken, gold could head toward the $2,700 mark. However, a pullback to $2,560 would offer a strong support level for renewed buying.
OANDA:XAUUSDLong
by KingsFX_official