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Analysis of gold trend on August 19Last Friday, gold once broke through 2500 and finally closed above 2506. The overall price soared by more than 50 US dollars, setting a record high. This price surge is not just a jump in numbers, but also the result of the combined effect of market sentiment, macroeconomic data, geopolitical tensions and monetary policy expectations. In addition, central banks of various countries are also very enthusiastic about gold. Analysis of gold trends this week! There is not much data released in the international news this week. Except for the war between Russia and Ukraine, there is not much movement in the Middle East. Gold may rise and fall and then go sideways for a long time. The specific situation is of course subject to the trend of the market. My analyst team and I will announce the accurate signal in my channel.
TVC:GOLD
by David_strategy
Officially reached over 2500! NEW XAU ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/19 - 9/23/2024 🔥 World situation: Gold (XAU/USD) surged to a new record high above $2,490 on Friday during the US session as investors remain confident that the Federal Reserve (Fed) will cut interest rates in September, despite Thursday's stronger-than-expected Retail Sales data. Earlier in the day, gold had pulled back after testing a key resistance level around $2,470, a point it struggled with earlier in the week. The pullback was driven by the July US Retail Sales report, which showed a 1.0% month-over-month increase, far exceeding the 0.3% forecast and reversing June’s revised 0.2% decline. 🔥 Identify: Gold price hits all-time high of 2509. Optimism for all markets as September interest rates near 🔥 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: $2531, $2560 Support : $2490, $2465, $2430 🔥 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
Accumulating price zone - Gold has great momentum to increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) struggled to build on the previous day's gains, edging lower during Friday's Asian session. However, the downside appears limited. The positive mood in global equity markets is putting some pressure on the safe-haven metal. Even so, concerns about a potential Middle East conflict and expectations of an upcoming rate cut from the Federal Reserve (Fed) should help keep gold's losses in check. Dovish Fed expectations have led to a slight pullback in US Treasury yields, preventing the US Dollar (USD) from fully capitalizing on Thursday's strong US economic data. This supports gold prices. Despite the dip, XAU/USD is still on track for modest weekly gains as traders await US macro data, including Building Starts, Housing Permits, and the Preliminary Michigan Consumer Sentiment Index, for further cues. ⭐️ Personal comments NOVA: Gold price stuck in short-term sideways range 2425 - 2475, accumulating until September interest rate announcement ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2438 - $2436 SL $2433 scalping TP1: $2442 TP2: $2450 TP3: $2460 🔥BUY GOLD zone: $2424 - $2422 SL $2417 TP1: $2430 TP2: $2440 TP3: $2450 🔥SELL GOLD zone: $2498 - $2500 SL $2505 TP1: $2490 TP2: $2480 TP3: $2470 ⭐️ 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
XAUUSD H12 Idea BULLISH 2500 PotentiallyGold Prices — Anticipation of U.S. Inflation Data and Geopolitical Tensions - Gold prices edged higher on Monday, driven by anticipation of U.S. inflation data and the potential for a Federal Reserve rate cut. Investors are closely watching the upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) reports, which are expected to show modest increases in wholesale prices and a continued decline in consumer inflation. - The data will be crucial in shaping the Fed's monetary policy decisions, with market sentiment currently suggesting a nearly 50% chance of a 50 basis points rate cut in September. - Geopolitical tensions, particularly near Ukraine's border and in the Middle East, are also supporting gold prices, reinforcing its status as a safe-haven asset. U.S. Treasury yields rose slightly on Monday as the market braces for the impact of the inflation data, which could signal the Fed's next move on interest rates. Technical View - From a technical perspective, gold is solidifying above the support level at $2,440, with major support at the 50-day moving average of $2,373.23. The daily chart suggests that the market could soon test resistance at $2,483 and $2,490. However, if the 50-day moving average fails to hold, a significant price drop of up to $100 could occur. The overall outlook remains bullish, with the potential for gold to challenge previous record highs if inflation data aligns with market expectations.
FX:XAUUSDLong
by GOLDFXCC
Analysis of gold trend on August 16If you only make orders based on data and don’t understand the market logic behind it, your transactions will always be slower than before. From the 4-hour chart, gold has also reached the middle Bollinger Band and the downward trend is more obvious. Referring to international information, the support power of gold in the later period is obviously insufficient. The US dollar seems to be rising strongly. Gold is currently in high volatility. Personal Operation Analysis 2440 Buy 2455 Take Profit Stop Loss 2435 2463 Short selling 2450 Take profit Stop loss 2470
TVC:GOLD
by David_strategy
Gold SellAs we were watching gold very closely and it has broken down its bullish channel and also its global Resistance became Support lately now it has become support become resistance , we have also exprienced heavy news day today and seems like gold has decided it direction as we have seen a Bearish Momentum candle which has broken the support below now we are waiting for a proper price action as retest is almost complete over gold and we will be Bearish again for next week in gold so fingers crossed lets wait and watch
OANDA:XAUUSDShort
by Wakeel_Saab
1
8.15 Gold Trend AnalysisThe newly released industrial unemployment claims and retail sales did not meet expectations, which led to a significant negative impact on gold. Gold fell from 2469 to 2450 in an instant. This also happened to apply the short-selling stop-profit signal I sent in the group to be set at 2450. In the data released in the past two days, gold has been mainly shorted, which also happened to be in line with the predictions of me and my team In the future, I will also release the latest news every day. I hope everyone will pay more attention to the comments I wish everyone can make their own profits in the market If you have order losses and are not familiar with the market, please pay attention to me
TVC:GOLD
by David_strategy
Thursday's profit signals and strategies #xauusd Today is Thursday, August 15, 2024. Gold has insufficient upward momentum after the release of yesterday's CPI data. It fell from 2480 to 2438. Combined with Monday's gold rise from 2423 to 2477. The fluctuations in the past few days are huge. Today we still adopt segmented trading. Buy and sell at specific prices. There are considerable profits. Sell gold: #xauusd sell1 2456-2452 sell2 2464-2468 sell3 2480-2484 Buy gold buy1 2433-2438 buy2 2420-2424 buy3 2408-2412 Combined with the chart. When the price reaches a specific area. We can try to trade and make a profit. Note: Two red areas are marked in the figure. If the price breaks through the area, we should trade with a light position. And the price of gold will have greater momentum. If you make a profit according to my trading price. Or my trading analysis is helpful to you, please like me and join me. I wish you all a smooth trading
FX:XAUUSD
by MaudEvans
CPI - Can Gold Price Surpass ATH?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) faced fresh selling after a brief rise to the $2,472-2,473 area during the Asian session and fell for the second consecutive day on Wednesday. A positive mood in the equity markets is drawing investors away from the safe-haven metal. Additionally, some traders are adjusting positions ahead of the key US consumer inflation data, set to be released later today. However, concerns about a broader Middle East conflict and expectations of a dovish Federal Reserve (Fed) should help limit further losses. Tuesday's data indicated that inflation is slowing, increasing the likelihood of deeper Fed rate cuts, which keeps the US Dollar (USD) near a one-week low and could provide some support to gold, making aggressive bearish moves risky. ⭐️ Personal comments NOVA: Need to surpass ATH 2482, Gold price needs to create more liquidity, needs an adjustment period to continue increasing. CPI today, experts' expectations for Gold to decrease more ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2441 - $2439 SL $2434 TP1: $2455 TP2: $2470 TP3: $2485 🔥SELL GOLD zone: $2485 - $2487 SL $2490 scalping TP1: $2480 TP2: $2470 TP3: $2460 🔥SELL GOLD zone: $2500 - $2502 SL $2507 TP1: $2490 TP2: $2480 TP3: $2470 ⭐️ 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
8
XAU/USD 15 August 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per previous intraday expectation, price was approaching internal high, however, due to US CPI data, and traders trimming rate-cut bets due to US CPI data, price had a bearish reaction, nonetheless, bullish structure remains intact. Intraday expectation: Price to continue to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was not met due to US CPI data release and traders trimming rate-cut bets which saw XAU print bearish price action. Price has printed bullish CHoCH to indicate bullish pullback initiation. Price has also reacted at 50% EQ of the internal structure. Intraday expectation: Price to target weak internal low, however, we need to be mindful H4 TF remains bullish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
4
Analysis of gold market trend on August 15 (Thursday)From a long-term perspective, there is a lot of room for gold to rise! Yesterday's CPI data was lower than expected. Gold was slightly bullish but plummeted 1% from a peak of 2476 to 2437 and closed at 2447. In early trading today, gold fluctuated within a narrow range, with slight signs of recovery compared to yesterday. It is currently fluctuating at 2453. In addition, there are several factors that you must consider! 1 Political situation in the Middle East: Tensions between Iran and Israel may have eased recently, and conflicts between Ukraine and Russia may further intensify. 2 The U.S. interest rate cut in September is a certainty, whether it will be 25% or 50% The motivation for gold’s rise today on the daily chart is a bit lacking Support level 2448 2438 2420 Resistance level 2460 2467 2480
TVC:GOLDLong
by David_strategy
8.14 Gold Market AnalysisThe market trend is well controlled and the market ends perfectly. The CPI annual interest rate report just released is lower than expected, which is a positive for gold. However, gold has fallen sharply, which is beyond the expectations of most people! This also confirms my previous guess that if the resistance point of 2480 is not broken, gold will fall all the way. I will short sell decisively in the later stage and leave the market perfectly. Today's profit is 7000+
TVC:GOLDShort
by David_strategy
Gold Price Analysis. August 2024. Today, gold is trading near the upper boundary of its ascending channel. Traditionally, this level acts as a critical resistance point, and most oscillators would suggest the market is overbought, signaling a potential selling opportunity. However, the situation may be more complex than it appears. Above the current price, two significant levels loom: the historical high and the psychologically important $2,500 per ounce mark. From a market behavior perspective, which often seems designed to lead retail traders astray, it would not be surprising to see a false bullish breakout above these levels. Such a move could trigger FOMO (Fear of Missing Out) buying among investors and force sellers to close their positions via stop-loss orders. This scenario could be exacerbated by a spike in volatility, driven by geopolitical tensions or today’s critical U.S. inflation data (with further significant reports expected tomorrow). Cycle Analysis by Fintechzoom An overlay of active gold price cycles presents a projection line (shown in red), indicating a potential peak on Friday, followed by a downturn. Given this outlook, it would not be surprising if we witness an attempt to breach the historical high within the next 10 days. Gold Price Forecasts Analysts, including those from Commerzbank, suggest that a new record high for gold is likely, as inflation data could provide additional momentum. Strategists at JPMorgan have set a year-end target of $2,500 for gold in 2024.
OANDA:XAUUSDShort
by fintechzoom
Gold price analysis August 14Fundamental Analysis Gold prices attracted some follow-through selling for the second consecutive day on Wednesday and moved further away from the monthly peaks retested earlier this week. A generally positive tone around equity markets dampened demand for the safe-haven precious metal, although geopolitical tensions stemming from ongoing conflicts in the Middle East helped limit losses. In addition, expectations of further rate cuts by the Federal Reserve, bolstered by signs of continued subdued inflation, acted as a catalyst for non-yielding gold prices. Traders also appeared reluctant to place positive bets, preferring to wait for further cues on the Fed’s policy path. As a result, the market’s focus remained on US consumer inflation data. Technical Analysis From a technical perspective, the recent bounce from the 50-day Simple Moving Average (SMA) support and the positive oscillators on the daily chart favor the bullish traders. Therefore, any meaningful decline can still be viewed as a buying opportunity and remains limited. Gold prices appear to be preparing to retest the record high, around the $2,483-2,484 region and target the psychological $2,500 mark. Sustained strength above the latter would mark a fresh breakout through the wider trading range maintained over the past month or so and set the stage for a further near-term upside move. On the downside, the $2,450-2,448 resistance level now looks to protect the immediate downside, below which gold could slide back to the weekly lows around the $2,424-2,423 region touched on Monday. The next relevant support level is anchored near the $2,412-2,410 region ahead of the $2,400 round-figure mark. Canh Sell scalp 2485 - 2487, stoploss 2491 Canh Sell 2500 - 2502, stoploss 2506 Canh Buy scalp 2435 - 2433, stoploss 2429 Canh Buy 2426 - 2424, stoploss 2420
OANDA:XAUUSD
by TVS-Trader