Gold will be in bullish after making triangle patternHello 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
Goldprediction
XAUUSD: 2500 points determine the next directionI have some personal matters today, so I don't have time to update you with detailed trading strategies. I will just briefly talk about it.
At present, there is a risk of a correction in gold. If it cannot continue to break the previous high, I will not continue to be bullish. 2500 is a key point. If it breaks, it may adjust downward by 30-50$, so you need to pay special attention.
The above paragraph is what I said in the channel. Now it seems that my guess has been confirmed. Gold does have the risk of falling. The lowest point of this decline is 2493, but it is not an effective break. Now the price is hovering around 2500 points, and there is indeed support near 2500 points.
Now let's see the break near this support. If there is no break, then we will continue to look at the previous high, and if it breaks down, we will be bearish.
Whether 2500 points can support or break is difficult to predict now, so I will give you a trading plan for your reference
If 2500 points support, we will buy, and the target is near the historical high of 2531
If 2500 points break down, we will sell, and currently it is near the previous high of 2480
8.22 Gold Trend Operation AnalysisThrough the analysis of automatic trend lines and trend charts, we know that gold has rebounded from the 2499 line below in the early trading. It is still a little short of the first support level below. The short-term 2508 line has become the critical point between long and short positions. The short-term upper 2518 line is the first pressure level. In the short term, it will continue to fluctuate and consolidate in this 20 US dollar space. In terms of operation, we continue to focus on buying on dips with the idea of high-altitude and low-multiple.
Short gold at 2518, stop loss at 2526, take profit at 2500;
Long gold at 2498, stop loss at 2490, take profit at 2513.
What are your different views on gold? Welcome to like and comment
Gold Analysis 1 HR 8_21 Price did fall and I was able to take profits. I see sell side liquidity and Interesting to see
if gold still will make new highs while dollar falls or news will drop gold and bring back up the
dollar. I'm seller by nature so I'm waiting patiently for move. Looking for price to fall under 2508.
Good Luck Trading.
Check my Profile for more.
8.22 Gold Operation AnalysisFrom a technical perspective, the 4-hour candle trend of the gold K-line chart is stable and currently fluctuates sideways at 2508.
Operation suggestions for the short term
2505 long position, take profit at 2520, stop loss at 2497
2515 short position, take profit at 2505, stop loss at 2523
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts today with our analysis playing out perfectly.
After hitting targets yesterday we stated that we were seeing 2500 Goldturn providing support, which will likely follow with the upper levels being retested. We got the 2509 and 2519 re-tested, as analysed and then another rejection now into 2500 again. No ema5 cross and lock below 2500 provided support once again with the perfect bounce into 2509.
We are now seeing a range being established between 2500 and 2519/2533 and will need to see ema5 cross and lock on either weighted support or resistance level to determine the next move.
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
2509 - DONE
EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2519 - DONE
POTENTIALLY 2533
BEARISH TARGETS
2500 - DONE
EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2488 (DONE) - 2472
EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE
SWING RANGE
2458 - 2446
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
Gold Forecast for today 08/21/24Today, sharp fluctuations can be seen in gold, since there is FED commentary today, its impact will be seen on all types of commodities, but its major impact will be seen only on gold, we have presented the forecast of gold on technical basis. It is expected that this fluctuation can be seen from 2450 to 2532. You must also give your predictions in the comments.
Gold Futures Dip as Market Awaits Fed Chair's JacksonHole SpeechGold Futures Edge Lower on Profit-Taking as Market Awaits Fed Chair’s Speech
Gold markets remain relatively calm for now, but this is expected to change as the week progresses with the release of the latest Federal Reserve minutes and Fed Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday.
Technical Analysis: Gold
Current Outlook:
The price has retreated from the resistance level at 2,525 and continues to trade below this key line.
Bullish Scenario:
For the next bullish trend to begin, gold must break through 2,525, which could lead to a rally toward 2,543 and potentially 2,558.
Bearish Scenario:
While the overall bearish trend is distant, a strong correction could occur, driving the price down to 2,484 or 2,475. However, as long as the price remains above 2,475, the bullish trend is expected to resume.
Key Levels:
Pivot Line: 2,509
Resistance Levels: 2516, 2525, 2543
Support Levels: 2500, 2484, 2475
Expected Trading Range Today:
The price is expected to fluctuate between 2,525 and 2,484.
Trend: Bearish correction
Gold | H1 Long Term PositionGold | H1 Long Term Position
Hey guys .. Hope you are doing well
its been long time let start our day
Current point at 2512.00
- This Analysis based on Educational Purposes
- Trend line shows the clear path ways
- Resistance at 2519.00
- Support levels are at 2505 - 2499 - 2492 - 2486 - 2483.00
- Try to open small lots and hold until you matched your desire profit
- bearish cycle should have been completed Accordingly to our Analysis..
cheers and wait for our next update
XAUUSD: Buy again during the wait for the pullbackGold Market Fundamentals:
The current rise in gold prices reflects the market's intense focus on Fed policy. The market widely expects a rate cut in September, with a 77.5% chance of a 25 basis point cut and a 22.5% chance of a 50 basis point cut, which supports gold prices. This week's focus is on the Fed's policy minutes and Powell's speech at the Jackson Hole Symposium, which will provide crucial insights into future monetary policy and influence gold's direction.
Despite gold hitting new highs, several Asian banks have received new gold import quotas from central banks, indicating increased demand for safe-haven assets. The stalemate in negotiations between Israel and Hamas, along with Israel's attacks on Hezbollah in Lebanon, has escalated tensions in the Middle East, further boosting demand for gold.
Gold Market Technicals:
Gold has reached a new all-time high today, with no resistance above. As long as bullish momentum outweighs bearish pressure and there are no significant news events, prices are likely to continue rising. On the downside, focus on support near previous highs and the 2500 level.
Trading Strategy:
Based on the above analysis, maintain a bullish outlook today. Continue to approach high-level trading with caution, waiting for pullbacks to buy within the lower support range rather than chasing the rally.
Support Range: 2500-2508, 2460-2475
Resistance Range: No resistance at historical highs
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
USDJPY trading signalsUSD/JPY holds recovery from two-week lows of 144.95
USD/JPY is trading near 145.50 early Wednesday, sustaining the bounce from two-week lows of 144.95. The pair has recovered following a bigger-than-expected Japan's Merchandise Trade Deficit, which weighed on the Yen despite a risk-off mood. Fed Minutes eyed.
BUY USDJPY now zone 145.700-145.500
↠ Stoploss 145.200
→ Take Profit 1 146.100
→ Take Profit 2 147.000
Gold 3 Sellside to be taken• Gold Hits Record High: Gold rose above $2,520 per ounce on Tuesday, setting a new record high.
• Less-Restrictive Monetary Policies: Expectations of less-restrictive monetary policies by major central banks are driving the demand for safe-haven assets like gold.
• US Fed Rate Cut Expectations: Continued disinflation in the US has raised expectations of 100 basis points in rate cuts by the Federal Reserve this year.
• Global Central Banks Easing: Other major central banks, including the Swedish Riksbank, PBoC, ECB, and BoE, also lower rates, reducing the opportunity cost of holding non-interest-bearing assets like gold.
Gold Bugs Beware!Caution alert for gold enthusiasts! The price has encountered resistance at the channel top, a level that has consistently capped gains since 2022. This rejection suggests a short- to medium-term correction is imminent, potentially followed by a retest of support levels. While long-term fundamentals remain bullish, a near-term pullback is likely before gold resumes its upward trajectory.
8.21 Gold Trend Operation Analysis Short-termIn terms of the average daily fluctuation range, gold is currently in a fluctuating downward trend. The bullish momentum is obviously more difficult than before. The one-hour chart trend is basically sideways and the candle is weak.
Short-term operation points
2515 short, take profit 2505, stop loss 2522
2505 long, take profit 2520, stop loss 2500
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our analysis playing out perfectly.
Yesterday after hitting the retracement range we got the bounce and advised that it was heading for 2509.
- 2509 was hit perfectly followed with cross and lock opening 2519 and potentially 2533, should momentum allow. 2519 was also hit today and upto 2532 slightly short of 2533. Just beautiful how the analysis played out.
We are now seeing 2500 Goldturn provide support and will like to see new the upper levels retested. Failure to break into 2533 will follow with a stronger rejection. We are likely to see price range between these weighted levels to establish a range before breaking out. We will confirm the breakout with our cross and lock strategy above or below the weighted levels to confirm direction.
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
2509 - DONE
EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2519 - DONE
POTENTIALLY 2533
BEARISH TARGETS
2500 - DONE
EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2488 (DONE) - 2472
EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE
SWING RANGE
2458 - 2446
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
8.2 Analysis of gold trend operationAfter hitting the peak of 2530 on the 20th, gold fluctuated at a high level and finally quickly pulled back. Currently, it is 2505 points.
Yesterday, gold failed to hit 2530 several times. The last time it hit 30, it quickly fell back. This also shows that the bulls may continue to hit the high point after the pullback.
The key downward support point is 2500. If it falls below 2500, look at 2490 / 2480 below.
Resistance points are 2520, 2530, and 2550.
What do you think about gold? Welcome to like and comment.
Gold (20/8) sets new ATH around 2520Fundamental Analysis
Gold prices extended their bullish momentum with a new high just set around 2520. Traders now appear reluctant and want to wait for further signals on the Federal Reserve’s (Fed) interest rate cut roadmap before positioning for the next step of a directional move. Therefore, the focus will remain on the release of the July FOMC meeting minutes on Wednesday and Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium on Friday.
The risk of further escalation of geopolitical tensions in the Middle East and the protracted war between Russia and Ukraine will continue to support XAU/USD. This, in turn, warrants some caution for bearish traders.
Technical Analysis
From a technical perspective, the price action within the range has broken out of the bullish consolidation phase, After breaking out around the $2,509-2,510 area to set a new ATH, gold is now stabilizing around 2,520. Our SELL entries are focused on the round port areas and the best Fibonacci resistance around 2,533
On the other hand, the horizontal resistance of $2,472-2,470 now looks to protect the immediate downside. Any further declines could attract new buyers and remain limited to the $2,448-2,446 area.
Resistance 2533 2540
Support: 2494 - 2488 - 2481 - 2475
SELL price zone 2533 - 2535 stoploss 2539
BUY price zone 2477 - 2375 stoploss 2471
Gold is Roaming around , preparaing itself for bullish movementHello 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
8.20 Gold Operation AnalysisFrom the 4-hour chart, gold closed at the top of the candle at 2525 and hit the top. We just tested 2530 but pulled back to 2526 resistance and only made a profit of 3 points. It is currently hovering around 2525.
Buy point 2520, take profit 2520, stop loss 2515
Buy point 2528, take profit 2518, stop loss 2533
8.20 Gold Trend Analysis2500 Golden Era has officially stabilized and will move towards 2600 in the future
Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday
The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches the bottom, it can be bullish
In addition to the geopolitical situation, everyone is currently pinning their hopes on the trend of gold on Friday when Fed Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting
Support level 2515 2510 2500
Resistance level 2525 2535 2550