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Gold 2500 sold Tp2480Last week we sold resistance positions and bought support positions as shown in the chart and scalped our profits to over $80! My friends who followed me all made super profits last week! Gold is currently under pressure at 2505 and I told you last Friday that if it breaks below 2500 then the price will continue to test the next support at 2480! This price will most likely arrive this week! So you can verify it The support for gold is 2485-2490 and the pressure position is 2500-2505 Divisionline 2500 Gold 2499-2505 sell! tp 2480
OANDA:XAUUSDShort
by CrazyPeter001
GOLD, raid for liqudity! Ver thik, her ek kom!Gold just took liquidity from the previous day's low (PDL) and previous week's low (PWL). It had the first market structure (MS) shift on the 15-minute chart, and now, after some consolidation and testing of the 15-minute order block (OB), it will most likely continue higher to take out liquidity from the equal highs (EQH) in the 2528-2531 area (which also includes the previous month's high (PMH) and previous week's high (PWH)). This aligns with the monthly theory that suggests price manipulation at the beginning of the month, followed by the real move during the 2nd and 3rd weeks of the month. I would wait until the price moves higher to the 2507 area, breaks above it, and closes on the 15-minute chart with the candle body above the London open high (LOH). Only then would I open a long position targeting the previous week's high (PWH). Always follow risk management: after a 1:1 risk-to-reward (RR) move, adjust the stop-loss to the entry point. At 1:2 RR, either take full profit (TP) or trim 80% of the position.
CAPITALCOM:GOLDLong
by Almenio
Long on Gold (XAUUSD) – 30-Minute Timeframe We’re entering a long position on Gold (XAUUSD) on the 30-minute timeframe after the price took out the previous low. This setup is targeting a move towards the 0.5 to 0.6 Fibonacci retracement levels, which often serve as significant resistance areas during a retracement. Key Levels: • Entry: Positioned after the recent low was taken out, signaling potential exhaustion of the downward move and a possible reversal. • Target: Aiming for the 0.5 to 0.6 Fibonacci retracement zone, which is a typical area where the price might encounter resistance and where profit-taking is expected. • Stop-Loss: Placed below the recent low to protect against further downside risk, ensuring a favorable risk-to-reward ratio. • Partial Profit: I will take partial profits at the support level, where the price might pause or react before continuing higher. Rationale: This trade capitalizes on the likelihood of a corrective move upward after the initial bearish momentum drove the price down to take out the previous low. The Fibonacci retracement levels provide a logical target for this bounce, offering a structured approach to capturing potential upside while managing risk effectively. Risk Management: To manage risk, the stop-loss is set tightly below the recent low, minimizing potential losses if the market continues to move downward. Additionally, partial profits will be taken at the support level to secure gains before the price potentially continues toward the higher Fibonacci retracement zones. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
Gold entered into a bearish structure after breaking channelHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
Gold forecast: What now for gold after scoring 7 monthly gain?I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Gold finished higher for the 7th consecutive month in August, meaning that the precious metal is now up a solid 21% year-to-date. Will it be able to rise further in September or take a breather? The gold forecast will now depend at least partly on incoming US data and interest rate expectations. I continue to maintain a bullish view on the metal thanks to a favourable macro backdrop and its steady-as-she-goes price action. Gold forecast: Can XAU/USD continue rising? I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Additionally, there are few fundamental reasons to short sell gold at the moment. In fact, some argue that gold is still undervalued, considering the significant devaluation and loss of purchasing power of fiat currencies worldwide due to high inflation, which remains persistent in some regions. While disinflation is evident in the US and other areas, it's not the same as deflation. Prices are still increasing, just not as rapidly as before. Demand for gold as an inflation hedge should continue to offer support. Moreover, the sharp decline in bond yields in the last couple of months, driven by expectations of rate cuts by the Federal Reserve, is likely to benefit low or zero-yield assets like gold. As long as we don’t see a reversal in the that trend, lower yields should argue against a sustained period of weakness for gold and silver. Dollar in focus ahead of busy week The US dollar is facing a key test this week with the release of several market moving data releases, including the August jobs report. Following today's US Labor Day holiday, the US data schedule becomes busier, featuring ISM manufacturing data on Tuesday, JOLTS job openings on Wednesday, ADP employment data, jobless claims, and ISM services on Thursday, and culminating with the key event of the week, the August jobs report on Friday. Out of all of these data releases this week, the nonfarm jobs report should be a key determinant of whether the dollar’s two-month dollar bear trend extends or whether range bound price action will return. Gold bulls will need to a weaker number to send the metal sharply higher. But if the consensus is correct regarding Friday's jobs report, which predicts 165,000 job gains and a decrease in the unemployment rate to 4.2% from 4.3%, then the market will likely solidify expectations for a 25-basis point rate cut to start the Fed's easing cycle on September 18. In this scenario, I would expect to see a modest weaker reaction in gold at least. However, if payrolls only increase slightly, say by around 100,000 or so, with the unemployment rate potentially rising too, then in this scenario, the dollar could resume lower, sending gold sharply higher as expectations shift back toward a 50-basis point Fed rate cut in September. China concerns linger Meanwhile we have had some mixed PMI readings from China’s manufacturing sector in the last couple of days, leaving investors guessing about the health of the world’s second largest economy. While the official manufacturing PMI fell further into contraction at 49.1 in August from 49.4 in July, the Caixin PMI improved to 50.4 from 49.8 the month before. Meanwhile, the official non-manufacturing PMI ticked up to 50.3, suggesting that perhaps the Chinese economy may have bottomed out. We will need to see further evidence of a Chinese recovery. If so, this will help raise hopes that elevated demand from the world’s top gold consumer nation can sustain precious metals prices at these levels or even push them higher. Gold forecast: technical analysis and trade ideas The steady grind higher is precisely what the bulls would like to see, keeping the technical gold forecast bullish. Shallow dips, higher highs, higher lows are characteristics of strong bullish trends. So, the trend is clearly bullish and will remain that way until we see a lower low form. Dips are likely to find support around broken levels such as around the old record high from July at $2483, where we also have the 21-day exponential moving average converging. The bullish trend line that has been in place since February, comes in around $2450, representing another short-term support level to watch. On the upside, there is only one prior reference point to watch given that the metal is trading near its all-time high. And that level is the all-time high itself, hit last month at $2531. -- Written by Fawad Razaqzada, Market Analyst
WHSELFINVEST:GOLDLong
by WHSelfInvest
Buy Gold (Xau/Usd) ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2497, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2522 Stop-Loss: To manage risk, place a stop-loss order below 2489. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
7
9.3 Gold short-term operation strategyAt the beginning of the Asian session on Tuesday (September 3), spot gold 4 hovered below the 2500 mark and is currently trading around 2495 US dollars per ounce. Due to the strengthening of the US dollar, the price of gold fell to the lowest point in more than a week near 2489 on Monday, but then rebounded to around 2507 yuan and closed at 2499, with a small negative column with upper and lower leads on the daily line. During the US holiday, the overall volatility of gold was small yesterday, and the intraday short-term was still dominated by fluctuations. Although the gold price fell below the 2493 support during the day, it quickly recovered, but the rebound strength was still weak, especially the hourly line. After a small rebound in the white plate, it fell all the way, with basically no rebound strength. In the morning, it came to 2495 again. This trend, from the perspective of the day, will definitely continue to decline, and 2480 is expected to be reached. Gold is now in a multiple top structure above, and the trend of the hourly line is obviously falling. The gold short has not ended yet. The rebound of gold is an opportunity for the short. Gold is now building a top structure. Once formed, the decline of gold has just begun. Today, we are still shorting near the rebound of 2505, which is the starting point of the hourly line decline. Detailed intraday operation strategy: Short gold at 2505, defense 2512, target 2490-2480
TVC:GOLDShort
by David_strategy
2
9.3 Gold short-term operation strategyGold fluctuates to welcome non-farm payrolls Gold fell in the Asian session on Monday, rebounded in the European session in the afternoon, rebounded slightly in the US session in the evening, closed early in the morning, and finally made profits twice. The daily line closed with a small cross Yin pattern. The daily line has been mainly oscillating in recent times Gold bottomed out and rebounded in the Asian session on Tuesday. The 4H closed with a small Yin at 10 o'clock. From the current pattern, gold still has the momentum to fall. In terms of operation, pay attention to the 2480-2482 range. Go long for the first time it touches and look for a rebound. Other positions are arranged on the spot. Today's PMI data will also be focused on On September 3, the upward point is 2480-2482, long, protect 2474, and target 2490, 2498 Downward point is 2510-2512, short, protect 2515, target 2500 2495
TVC:GOLD
by David_strategy
1
Gold Price Hover NearRecord Highs Ahead of Key Labor Market Data the price of gold is expected to continue its soft uptrend. According to recent analyses, gold is currently in a rising channel pattern, indicating a potential for further gains if it maintains its upward momentum. This soft uptrend is supported by factors such as geopolitical tensions and rising real inflation, which are considered favorable for gold as a safe-haven asset. The predictions suggest that gold might experience a slight increase, moving within a range of $2,491 to $2,643 per ounce throughout the day
OANDA:XAUUSDLong
by BELLATRIXFX
9.2 Gold short-term operation strategyGold fluctuates, short-term bullish ideas remain unchanged Today is currently successful. Due to the Labor Day in the United States, the market fluctuates in the range of 2490-2508. Go long in the morning and leave with a profit of 4 points. In terms of trend, the overall trend is still short-term bullish. After falling back, it stands on 2500 again. Bulls are dominant. Short-term bullish operations are still in place. Go long around 2496, stop loss at 2488, and stop profit at 2508-2516. Pay attention to risks. Trading ideas: Go long around 2496, stop loss at 2488, and profit at 2508/2516 The above suggestions are for reference only and are not used as a basis for trading
FXOPEN:XAUUSDLong
by David_strategy
2
gold outlook🟠 Gold Spot (XAU/USD) Analysis: Key Levels & Potential Movements The 4-hour chart for Gold Spot (XAU/USD) provides a comprehensive look at the market's behavior over the past few weeks. - 4H Upward Trendline: This trendline has been respected multiple times, with at least four price touches, indicating its significance in the market. However, keep in mind that even strong trendlines can break. - Sideways Market (20th Aug - 30th Aug): After a strong upward move, the market entered a consolidation phase, trading sideways within a defined range. This often indicates indecision, as buyers and sellers struggle for control. - Break of the Sideways Market (30th Aug): On the 30th of August, we saw a significant break below the sideways range, suggesting that the bears might be gaining control. Potential Movements: - Upward: If the market manages to recover above the broken trendline and retests the upper levels, this could signal a continuation of the previous upward trend. - Downward: Conversely, a failure to reclaim the trendline, coupled with continued selling pressure, might confirm a bearish movement, with the possibility of further decline. Remember, anything can happen in the market. It's crucial to wait for clear confirmations before entering a trade. Stay alert and be ready to adapt to the next move!
FX:XAUUSD
by THE-10
XAU/USD "GOLD" Robbery plan to steal the gold in long SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist XAU/USD "GOLD" Mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
PEPPERSTONE:XAUUSDLong
by Thief_Trader
2
XAU/USD (GOLD) Longs from 2,480.000 back upMy analysis for gold this week remains focused on identifying long opportunities to capitalize on the bullish pressure we've been seeing. The plan is to follow the trend as it develops. Last week's consolidation and the current slowdown suggest that the bullish momentum is waning and a retracement might be due. I've identified a 2-hour supply zone where the price might react and trigger a downward move. If this does not happen, I'll look for the price to decline towards the 17-hour demand zone, where I anticipate price accumulation and a potential rally continuation. Confluences for gold buy opportunities include: - Price has shown strong bullish behavior and recently took out the all-time highs. - A clear 17-hour demand zone remains, which caused a break of structure to the upside. -There's trendline liquidity to the upside that needs to be taken. - This move aligns with the higher time frame trend, which is currently very bullish. P.S. I particularly expect the price to sweep the Asian session low around 2484, where we might then see a slowdown. Additionally, there's also a significant 19-hour demand zone below to consider.
OANDA:XAUUSDLong
by Hassan_fx
Gold is in the bullish direction after correcting the support Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
VANTAGE:XAUUSDLong
by ForexMasters2000
Gold is in the Buy Direction after Using the Support LevelHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
Gold ideaAs we have seen gold has made a rally downards and meet us with great profits as we have entered on a confirmation on 2519 price on bearish side and got a profit on 2500 level of price the price can hover around this level of support and can eventually go higher to its price level of 2530 and higher than that if price breaks above 2530 and sustains price can go over 2550 of physiological Resistance level so we are watching price closely and keenly so that we can make profits
OANDA:XAUUSDLong
by Wakeel_Saab