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Gold Wyckoff AnalysisGold's been on a stellar run with a strong campaign initiated at the start of September which broke out of a beautiful Wyckoff accumulation on the much higher time frame BUEC. Overall still very bullish for gold over the next 18-24months. In the current price action we've had a strong push up from $2,590 where we have found a new trading range. We had a potential spring event that failed to breakout which shows some weakness in the market right now suggesting more of a distribution/selling/profit taking event. Since this spring the range has tightened and tested both extremes of the range at the purple circles indicating no real support either way to rally further or sell of. The volatility is suggesting selling activity however we will not know until the range is completed. This smaller range can also be a test of the potential spring event Expecting the market to show us an answer over the coming days as price continues to contract in a bearish fashion however this can still always mean 2 things, that 1. sellers are exhausted or nearing the end of taking profits and demand is strong or 2. demand is weakening Now looking for another potential spring event that dips below the prior one, if this shows any weakness and fails its going to be a sharp quick drop to the next high volume node at $2,580. Trading opportunities to go long will be in the green circle in which will be a faster reversal given the location as this would also represent another higher time frame test of the consolidation breakout that happened at the start of September or At a successful spring event test back in the range. or The failure of a spring event not able to reclaim the range and going short to the next high volume node in the green circle.
ICMARKETS:XAUUSD
by littlebakes
2
10.8 Analysis of short-term gold operationsIn the early Asian session on Monday (October 7), spot gold fluctuated in a narrow range and is currently trading around $2,640/ounce. Gold prices fell slightly after violent fluctuations last Friday, closing at $2,652.64/ounce, as the stronger-than-expected US employment report poured cold water on the Fed's expectations of aggressive interest rate cuts in November, boosting the dollar to a high of more than one and a half months, and US bond yields also rose sharply to a high of nearly two months, overshadowing risk aversion concerns over the tense geopolitical situation in the Middle East. Technical level: 1: In 4 hours, BOLL shrinks, the range shrinks, and the range shrinks to the 70 range of 2642-26; in terms of indicators, the stochastic indicators and MACD indicators are all blunt, and the signals are unclear; in terms of form, it is a horizontal pattern, which is not the top high point; 2: In the daily K, the stochastic indicator crosses downward, which is a bearish adjustment signal; in terms of form, the time-for-space pattern, the market is relatively resistant to decline; the central axis gradually moves up, and the current track support of the central axis is around 2590, but it is expected to rise to around 2600;
TVC:GOLDShort
by David_strategy
1
Sideway - little volatility on the first Monday of the week⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) continues its decline for the fourth straight day, trading near $2,650 during early Monday’s Asian session. The stronger US Dollar, following Friday's upbeat Nonfarm Payrolls (NFP) data, is putting downward pressure on gold. The US added 254,000 jobs in September, exceeding August’s revised 159,000 and the market expectation of 140,000. The Unemployment Rate fell to 4.1% from 4.2%. These positive US data reduce hopes of deeper interest rate cuts by the Federal Reserve, boosting the USD and weighing on gold, which is priced in dollars. ⭐️Personal comments NOVA: There is not too much information and important economic news, sideway gold price on Monday at the beginning of the week: 2625 - 2660 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2628 - $2630 SL $2623 TP1: $2638 TP2: $2644 TP3: $2650 🔥SELL GOLD zone: $2670 - $2672 SL $2677 TP1: $2660 TP2: $2650 TP3: $2640 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 longest
OANDA:XAUUSDShort
by Nova-Scalper
4
Non-farm data is mixed, gold peaks in the short termThe non-agricultural data on Friday went up and down, and it was neither rising nor falling. The 4-hour moving average is sticking together, and it seems that it will break through this week and usher in a big market. Gold has not reached its peak at all, and the 4-hour cycle is still one wave higher than the other. The only bad signal is that the 60-day moving average of the 4-hour cycle has been broken. We can see that in the previous wave of $150 increase, gold did not touch this moving average at all. This signal must be paid attention to. The K-line signal is still bullish, and this wave of triangle consolidation is about to change. Technically, gold has not reached the top yet, and gold has one last rise. Intraday short-term trading strategy: Gold 2665 short stop loss 2670 target 2645---40 Gold 2633 long, stop loss 2623, target 2655---60
TVC:GOLD
by David_strategy
1
How to get rid of a sell order in hand ?If you make money, it's because of your good skills or luck. But how should you deal with orders that lose money? Stop loss or continue to hold? It depends on whether the market continues to rise or fall. I personally think that the market will continue to fall. The main reason is that there is a lot of pressure from above. CAPITALCOM:GOLD BITSTAMP:BTCUSD BINANCE:BTCUSDT For investors who hold short orders, I suggest you continue to hold and wait for a suitable time to close the order. After all, after the stop loss, the loss is huge. Many people cannot accept it. Moreover, many people have different selling timings and positions. Getting rid of the short orders in my hands is my only idea at present. Whether you are a novice or an investor who has been in the market for a long time, you will face this problem. OANDA:XAUUSD Judging from my more than ten years of trading experience, it is only a matter of time before the gold price falls. It is reasonable to mitigate the loss through other transactions in the short term. After all, as long as it reduces the loss, any method can be implemented. Starting next week, I will share my real-time views and operation strategies one after another. If you want to recover your losses, keep paying attention. In this way, while you continue to pay attention to me, you will definitely get help and the answers you want.
TVC:GOLDShort
by George_parse
Gold is in the bullish direction after correcting the supportHello 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
XAU continues sideways - accumulate waiting for new ATH 2705 ✍️ NOVA hello everyone, Let's comment on gold price next week from 10/07 - 10/11/2024 🔥 World situation: Gold prices pulled back after a stronger-than-expected US jobs report suggested that the labor market remains robust, indicating the Federal Reserve (Fed) may ease policy in smaller 25-basis-point increments. Currently, XAU/USD is trading at $2,643, down 0.40%. The US Bureau of Labor Statistics (BLS) reported strong job growth for September, easing concerns about the labor market. This reduced pressure on the Fed, which had previously cut interest rates by 0.50% in September amid concerns about reaching its maximum employment goal. 🔥 Identify: Gold price is sideways - accumulating in a large range of 2625 - 2681. The uptrend on the H4 frame is still stable and waiting for new momentum to reach the next new ATH. In the context of escalating Middle East tensions - gold price continues to increase strongly this year. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2671, $2685, $2705 Support : $2626, 2588 🔥 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 longest
OANDA:XAUUSDLong
by Nova-Scalper
1
XAUUSDHello Traders! What are your thoughts on GOLD ? Gold is currently oscillating between two key support and resistance zones Resistance Zone: A significant resistance level is identified around the $2,680 mark. The price has tested this level multiple times and bounced back. If this level is broken and the price stabilizes above it, we could see a further upward movement. You can consider entering a buy position after confirming the breakout. Support Zone: The key support level is around $2,630. If this support zone is broken and the price stabilizes below it, a drop toward the $2,576 level is likely. In this case, you might look for sell opportunities. As long as the price is fluctuating between these two zones, it's better to avoid entering trades and wait for a breakout. A break above the resistance signals a buy, while a break below the support signals a sell. If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
FOREXCOM:XAUUSD
by HAMED_AZ
3
Gold fluctuates and awaits non-agricultural data!!!For today, we need to divide the non-agricultural data into two parts. 1. Before the data, it rose in the morning. The European market rose and fell in the past two days. From the perspective of the daily line pattern, it tested 2664 4 times, and the resistance level was very small. This must be a breakthrough, but if this breakthrough continues to fall, it will not make much sense. So, either it is around 2658-60, with a loss of 50, and look at 2673=75 above, and arrive before the data. 2. Give up the intraday market and wait for non-agricultural data. Referring to Wednesday's ADP, the non-agricultural data is likely to bottom out and rebound, but this bottoming must be based on the breakthrough and rise in the European market, and the US market will see a bottoming and rebound. If it has been suppressed below 2664 during the day, then the bottoming and rebounding will not make much sense. The trend is not very strong. Only if it breaks through during the day and the US market bottoms out and rebounds, there is a risk of breaking high. If it is suppressed, it is likely to continue to fluctuate. So whether it is strong today depends on the strength of the breakthrough in the European market. If there is no breakthrough, look for shocks; if there is a breakthrough, look for strength
TVC:GOLDLong
by David_strategy
1
PMI - momentum for NF - prepares to increase prices⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remain supported by escalating Middle East tensions. On Tuesday, Iran fired over 200 missiles at Israel, and early Thursday, Israel launched airstrikes on central Beirut, Lebanon, increasing fears of a larger conflict. This ongoing instability boosts demand for safe-haven assets like gold. Meanwhile, traders are likely holding back from making strong moves, awaiting Friday's key US Nonfarm Payrolls (NFP) report for clearer direction. ⭐️ Personal comments NOVA: According to the H1 frame - gold prices form an upward trend - NF this week will determine the upcoming trend for Gold - NOVA leans towards upward price momentum thanks to middle east tensions - gold price has more upward momentum ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2644 - $2641 SL $2637 TP1: $2650 TP2: $2660 TP3: $2672 🔥SELL GOLD zone: $2672 - $2674 SL $2679 TP1: $2665 TP2: $2650 TP3: $2641 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 longest
OANDA:XAUUSDLong
by Nova-Scalper
8
Gold keeps hitting new highs, and today is the day to see a breaThe gold price moves perfectly along the trend line. It starts to rise when it approaches the trend line. Gold is accumulating strength at a high level. Today, the gold price may break through the historical high and start the rising mode. The gold price trend is very healthy. It starts to rise when it approaches the trend line and important moving average. The best operation is to follow the trend, because the risk of going long is much lower, just like the Chinese A-shares that are winning by doing nothing now. Shorting may burst at any time, and going long may reach the daily limit at any time. Today's data: The number of layoffs of challenger companies in the United States in September (10,000 people) The number of initial jobless claims in the United States as of the week ending September 28 (10,000 people) The final value of the S&P Global Services PMI in the United States in September Trading strategy: Gold 2640 more, stop loss 2630, target 2665--------2670
TVC:GOLDLong
by David_strategy
1
This Week’s Profit Doubling PlanNews: Today's U.S. market will have a sharp bearish gold on the ‘U.S. ADP employment numbers for September’, but gold did not fall in time. This is not difficult to understand. After all, many investors in the market do not buy short-selling accounts after the interest rate hike. But I think there will definitely be a wave of bearish trends in the future. At the same time, some international institutions will use this wave to increase shipments. After all, the U.S. economy is still recovering, so to a certain extent, it will suppress the rise of gold. Judging from the bearish gold in the US ADP data tonight, the US economy has also been developing for the better recently.Therefore, there is a high probability that the speech of the Fed governor later will be bearish on gold.Then this Friday's ’U.S. September quarter-adjusted non-farm payrolls' data will also bearish gold. So the overall gold trend this week is empty!Insist on short-selling! Today's strategy: Short the gold market near 2660, and add a position near 2665! Daily strategy, daily updates, remember to pay more attention,A lot of benefits!
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold OutlookAs Gold was consolidating from two days and have not given any clear direction ⬇️⬆️ now it seems like it has completed its consolidation phase and we can a All time High for this week as we are awaiting for Unemployment claims which can be distributing for TVC:DXY and Gold can fly as the forecast says it has higher ratio than previous week also we will be waiting for Institute of Supply managments data which can power up USD as forecast so we will careful at the time of news tomorrow we will have an important news of NFP which will crucial to decide the direction of Gold for next week As well as i am concerned what i am seeing through my technical data is Gold has formed a inverse head and shoulder pattern which is a bullish reversal pattern and as i have mentioned in my Chart gold has completed it 2nd shoulder after which i expecte a Boom in price here is important thing to remember is we have an ATH resistance waiting up there price can return from there for tomorrow Confluence is price is bullish over Monthly to weekly to Daily to H4 to H1 Previously Price has formed its bearish move on H1 but now it has got back to its bullish trend and following bigger time frames Wish u luck
OANDA:XAUUSDLong
by Wakeel_Saab
10.3 Gold short-term operation strategyAt present, gold continues to fluctuate. The hourly chart has formed a converging triangle. The short-term support is 2648, and the upper pressure is at 2670. From the daily chart, the "big positive front resistance line" pattern has been formed. Under the support of the big positive line of last week, after repeated short-term fluctuations, the market tends to choose to break down! ! ! Today's data: The number of initial jobless claims in the United States as of September 28 (10,000) Intraday operations: BUY: 2648 Stop loss: 2643 Target: 2655----2660 SELL: 2665 Stop loss: 2660 Target: 2630----2625
TVC:GOLDLong
by David_strategy
1
Huge border jam XAU 2625 - 2671! wait for ADP-NF⭐️Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) dipped during early European trading on Wednesday, giving back part of the previous day's 1% surge, which was driven by escalating tensions in the Middle East. Concerns of a wider conflict rose after Iran fired ballistic missiles at Israel, increasing demand for the safe-haven asset. However, reduced expectations for aggressive rate cuts by the Federal Reserve (Fed) limited further gains for gold. At the same time, the US Dollar held onto its recent recovery, supported by a resilient labor market, which also weighed on gold. Despite this, XAU/USD remains close to last week's record high, with the overall outlook still favoring bulls. Traders now await the US ADP employment report for direction, ahead of Friday's key Nonfarm Payrolls data. ⭐️ Personal comments NOVA: Gold prices rose sharply after yesterday's war news - but fell sharply afterwards - moving within a large range awaiting this week's ADP-NF and NF data ⭐️ SET UP GOLD PRICE: 🔥 BUY GOLD zone: $2635 - $2637 SL $2630 TP1: $2645 TP2: $2660 TP3: $2672 🔥 BUY GOLD zone: $2620 - $2622 SL $2615 TP1: $2635 TP2: $2645 TP3: $2660 🔥 SELL GOLD zone: $2681 - $2683 SL $2688 TP1: $2670 TP2: $2660 TP3: $2650 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 longest
OANDA:XAUUSDShort
by Nova-Scalper
7
10.2 Gold bottoms out and correction is made from high levelsGold daily line is still sideways at a high level, and the K line continues to deviate far from the moving average. This is an abnormal trend. The gold price will inevitably return to the moving average. This is inevitable. At the same time, there is an obvious double top pattern near 2670, and the upper shadow line continues to close. Gold fell under pressure from the high level in 4 hours. Gold continued to have a double top structure in 4 hours. Gold rose to 2673 last night and fell under pressure. The resistance is obvious. The tension in the Middle East is still an important factor affecting the gold price. This week will usher in non-agricultural data. Intraday operation: SELL: 2675 Target: 2660------2650 BUY: 2645 Target: 2665------2675
TVC:GOLDLong
by David_strategy
9
This week's gold trading strategyThis week's gold trading strategy, be able to understand and follow, there will be a 50% profit this week! News: Everyone knows that the US Federal Reserve cut interest rates some time ago, which added a fire to the entire gold market. In addition, the global geopolitical conflict has ignited the entire gold market, causing the price of gold to reach 2700!For all of us traders, what we want to know most is which direction the market should go next. First of all, the news is that the United States has cut interest rates, and the impact of geopolitical risks has been almost digested by the market, so it is a bit difficult for gold to hit the high point! In addition, after the U.S. interest rate cut, it will definitely focus on economic development, so the U.S. economy will improve next, so the dollar index will rise, and the price of gold will also fluctuate and fall! So I judge that in the next week or so, the gold market will fluctuate and fall! Technical aspects: You can see that the candlestick chart of gold is currently in a downtrend channel. Although it has broken through the top of the uptrend channel, it is not a real technical breakthrough. It is caused by today's US data ‘ISM Manufacturing PMI for September'. Gold will return to the trend next, so it is best to go short at a high level, but go long at a low level in the trend! News forecast: U.S. ADP employment in September (10,000 people)-bearish gold U.S. non-farm payrolls after September quarter-adjusted (10,000 people)-bearish gold This week's point strategy: 2670 short, 2675 increase position 2620 go long, 2615 increase position If you want to see specific trading signal strategies, please consult in the comments area!
OANDA:XAUUSDShort
by Falcon-Training-Camp
1