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Sellers are determined not to let Gold reach a new ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 9/9 - 9/13/2024 🔥 World situation: Gold pulled back after failing to reach the all-time high of $2,531, dropping over 0.80% late in the North American session. Uncertainty over whether the Fed will cut interest rates by 50 or 25 basis points in September weighed on the metal, with XAU/USD now trading at $2,493 after peaking at $2,529. The US Nonfarm Payrolls (NFP) report for August missed expectations but showed improvement from July’s revised figures. The unemployment rate fell, and Average Hourly Earnings increased, adding complexity to the economic outlook. 🔥 Identify: 1 thing worth noting: 6 times the price of Gold touched the old peak area ATH 2527-2531, the price reacted very strongly. This shows that the momentum for price increase is still very strong, however, large funds and investors do not want the price of Gold to increase during this time, maybe after the interest rate cut Long-term time frames, technical aspects still show that Gold is developing stably, the main trend is Up We will soon see a new peak, a new ATH in late 2024 soon 🔥 Technically: Based on the resistance and support areas of the gold price according to the H2 frame, NOVA identifies the important key areas as follows: Resistance: $2505, $2530, 2559 Support : $2471, $2453 🔥 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
11
Strong level / best time to sell on correction from the level (all signals on real account ) The situation with gold (XAU/USD) is currently characterized by several key factors that affect its value. First, the gold price often reacts to changes in economic data and the political environment. The unpredictability of global financial markets, inflation, and changes in U.S. interest rates particularly affect the demand for gold as a safe haven. Second, there has been a recent increase in interest from central banks in gold holdings as they seek to diversify their foreign exchange reserves. This could lead to additional demand for gold in global markets. In addition, a strengthening US dollar usually has a negative impact on gold as it becomes more expensive for holders of other currencies. At the same time, geopolitical instability and conflict situations can contribute to the rise in prices for the precious metal as investors look for ways to protect their assets. At the moment, volatility in XAU/USD quotes can be observed, which creates both risks and opportunities for traders. Technical analysis shows important support and resistance levels that can influence further price movement.
FXOPEN:XAUUSDShort
by seventhlab
9.6 Gold summaryWe have always emphasized that if gold does not break the new high, it is short. Gold maintains the idea of ​​shorting today. Gold finally fell as expected. Gold has a bumper harvest overall. Gold fell sharply from a high position. The profit was 56K and the position was closed. Gold has multiple top structures in 4 hours. The 4-hour moving average of gold is still showing signs of turning downward. The positive news of non-agricultural gold has not been able to make gold break the historical high. It seems that it is still difficult for gold to directly break the historical high in the short term. A Friday full of surprises and a perfect weekend!
TVC:GOLDShort
by David_strategy
1
With the Non-Farm Payrolls coming, can gold reach a new high?Gold is approaching a record high again. Will it break through tonight with the help of non-farm payrolls? The August US non-farm payrolls report will be released at 20:30 tonight. This report will directly determine whether the Fed will cut interest rates by 25 basis points or 50 basis points in the September interest rate decision, and will also directly reveal whether the US economy has entered a recession as the market worries. Last month, US employment data was weak, especially the unemployment rate hit a new high since October 2021, which aroused market concerns about the US economy. This concern spread to the entire financial market, forming a chain reaction and triggering the Black Monday plunge. Fed Chairman Powell said at the August Global Central Bank Annual Meeting that he did not expect the August employment report to continue to be weak, and the September interest rate cut would not change due to the rebound in the employment market. The overly weak employment performance is not what the Fed wants to see. In addition, the number of non-farm payrolls in the United States on August 21 was revised down by 810,000, which means that the employment report in the past 12 months has been beautified, and the average number of jobs has decreased by 68,000 per month. It shows that the US economic performance is not as optimistic as the market expected. Due to the downward revision of past data, non-agricultural data will not have too much water, unlike the huge monthly difference in employment data in the previous few months, which made the investment bank's forecast of employment become a decoration. This time, the market expected 160,000 employment and 4.2% unemployment rate. Last month, 114,000 employment and 4.3% unemployment rate. Tonight's non-agricultural data mainly has two aspects: 1: The data performed better than market expectations, and the number of employed people rebounded further. It must be a low probability event if it is lower than 100,000. If it is between 110,000 and 160,000, it will cause the gold price to rise first and then fall. It is not as good as expected, but it is stronger than last month. 2: The employment data continued to be weak, even lower than 114,000 last month, and the unemployment rate rose by more than 4.3%, which is bullish for gold. From another perspective, from the perspective of the US economic recession, gold may not rise. Arbitrage transactions will be sold in large quantities, dragging down panic selling of other assets, and gold is no exception. That is to say, whether the employment data performs well or poorly tonight, it should be difficult for gold to rise. Good employment performance is bearish for gold, and poor employment performance indicates a hard landing of the US economy. Wasn’t last month’s non-farm data bullish, but gold fell sharply? Therefore, today, gold should pay attention to the risk of falling back after rising. Yesterday, gold broke through 2506 and turned bullish. I also reminded that 2506 is the dividing point between long and short positions this week. If it breaks through, you can no longer have illusions. Then 2518 was reversed to 2505, and a high-altitude profit was made. Pay attention to the dividing point between long and short positions at 2530 today. After a surge upward, be careful of the short-selling counterattack with the help of non-farm data tonight! Focus on 2505 below, and the breakout will continue, but pay attention to risk control.
TVC:GOLD
by David_strategy
1
9.6 Gold Short-Term Trading StrategySpot gold fluctuated in a narrow range in Asian trading on Friday (September 6), currently trading around 2520, holding on to most of its overnight gains. Gold prices rose to a near one-week high on Thursday as the dollar weakened and yields fell. Earlier signs of a loss of momentum in the labor market led investors to expect the Federal Reserve to make a super-large interest rate cut this month. According to a Reuters survey, job growth is expected to pick up in August, with non-farm payrolls expected to increase by 160,000 jobs that month, exceeding the 114,000 increase in July. The unemployment rate is expected to fall to 4.2% in August. Gold broke the deadlock of the first three days of this week during the day. As the US dollar index fell, gold chose to break upward. After a narrow range of fluctuations around 2495 in the early trading, it began to attack around the European trading session, breaking through the key suppression level of 2500, and breaking through the 2507 high that was broken in the previous few days. The US market accelerated to 2523 with the stimulation of ADP data, and finally fell back in the short term, with the daily line closing with a large positive column. So far this week, gold has tested the bottom support of 2470 twice. It can be seen that although it reached around 2470 twice, the real K-line basically closed above 2480, which is enough to prove that the bullish buying on dips in gold is still very strong. It is expected that before the arrival of non-agricultural and interest rate cuts, gold will continue to fluctuate at a high level. In terms of intraday operations, it is still sufficient to maintain range operations. Intraday short-term operation strategy: Short gold rebounds at 2525, defend 2532, target 2510-2500
TVC:GOLDShort
by David_strategy
1
9.5 Gold short-term operation strategyGold lacks direction in high-range wash Yesterday's gold trend once again proved that it is in a high-range oscillation pattern. As we imagined, gold first fell to test around 2472 and then received buying support, starting a rebound rhythm. The overnight US July job vacancy report dropped sharply, stimulating gold to continue to rise to test around 2500, and it is still running at a high level. Next, the market will focus on non-agricultural employment data, and the market hopes to get information from the Federal Reserve on the extent of the interest rate cut. At present, the high-range adjustment is obvious, with support around 2475 and resistance around 2527. The pressure point to watch during the day is the 2500 mark. If we stand above this level, we will continue to look at the opportunity of 2510-20. Otherwise, there is a possibility of a pullback under pressure. There is really no good idea. It is recommended to wait and see. From the analysis chart, 2507 is a big pressure. Now it is a bottoming out. Bulls pay attention to the small support of 2488. Today we will consider long opportunities at this position. If the bulls reach 2507, consider shorting. Note that it is only considered in the Asian session. If the European and American sessions go anywhere, the position may be broken. Today's idea is that both long and short positions can be taken. It is very important to find the rhythm and position. Support is around 2471-2473, small support is 2488, pressure is 2500 and 2507, and the watershed of strength and weakness in the market is 2493
TVC:GOLDShort
by David_strategy
1
9.5 Gold short-term operation strategy1: US debt. Since 2022, out of concern about US debt, central banks around the world have chosen to increase their gold holdings to balance the structure of foreign exchange reserves. In the past two years, the amount of gold purchased has doubled, and the scale is still expanding. 2: The Federal Reserve cut interest rates. After the interest rate cut, more US dollar liquidity will be provided to the market, and more funds will return to the gold market, which has never happened in the rise of gold in the past two years. 3: Risk hedging. As the best risk hedging tool, gold will increase significantly in asset allocation during the economic downturn. China is the largest consumer of gold. For every 10% drop in gold prices, China's gold demand will increase by 16%. Once gold falls sharply in September, the central bank may return to the market with a large number of orders. Regarding the theory of US economic recession, there have been whistleblowers one after another since August. The plunge in global stock markets on August 2 was Sam's Law, and the plunge in the Nikkei 225 index on Tuesday this week, and the decline in gold/crude oil all triggered the recession indicator of US economist Rosenberg. At this stage, the recession of the US economy is still in the imagination stage. The US August employment report will be released at 20:30 Beijing time on September 6. The market is overreacting to the unemployment rate. The unemployment rate rose to 4.3% in July. Once the unemployment rate rises in August, it may trigger the reduction of arbitrage trading funds and cause market stampede. Before that, the US will release the August ADP employment data today. The previous value was 125,000, and the market estimated 145,000. The number of initial jobless claims in the United States for the week ending August 31 will be announced at 20:30. The previous value was 231,000, which was not much different from the estimated 230,000. This is just the appetizer. The hard dish is the US non-farm employment data on Friday. Last month, the global market avalanche was triggered by the non-farm data. The sharp decline in non-farm data last month should be bullish for gold, but the market trend suddenly turned from the expected Fed rate cut to the US economic recession, causing indiscriminate panic selling. This time everyone's eyes are on the non-farm data. Today, we will pay more attention to the changes in the technical structure. The data only serves as a guide. Emotions will be reflected in the price in advance. On Wednesday, the gold price accelerated its decline in the European session, falling from a low of $2495 to $2471, a drop of nearly $25, but the continuity was extremely poor. The US session recovered and returned to the $2500 line. In recent times, the gold price has been on a roller coaster ride, and basically there is little continuity. After a sharp drop, there is a sharp rise, and after a sharp rise, there is a sharp drop. This morning, the price was at $2498. After the rebound in the US session last night, it closed above the support point of 2491. The upper pressure is still collectively at $2507. The break of this position will temporarily end this round of small-scale adjustment. From the 1-hour structure, the price rebounded after two dips to the 2470 USD line, forming a staged double bottom. There are two positions above that are of particular interest. One is the 2500 USD line with the pressure of 2507 USD as the boundary, that is, to hold 2506-07 and continue the weak shock. The support below is 2491. Only when it is lost here can it be opened for the second time. In addition, if the rebound is strong and breaks through 2507 USD, the rebound will further continue to the range of 2512-14. The rebound here should pay attention to the decline after the rapid pullback. Don't chase the market in the past few days. If you see a rise, you will have more callbacks. If you see a fall, you will often be shorted. If you see a rise, you will look for pressure positions to go short. If you see a fall, you will look for support positions to go long. Don't treat the box shock as a unilateral one. Therefore, my idea for gold today is to continue to look for a decline with 2507 Qingyuan as the pressure. First, pay attention to 2492 below, followed by 2485 USD and 2485 USD. The formation of this unilateral market will be postponed to the non-agricultural data tomorrow night or the Federal Reserve interest rate decision on September 17. Before that, it will mainly be a roller coaster wash.
TVC:GOLD
by David_strategy
1
78 Close the position with a profit of 13 points. Look for the s1: Fundamentals, the market is waiting for data, and the trend of waiting for data is very obvious. The Asian market is basically dominated by fluctuations; waiting for European market data, because the data will wash the market, and pierce, the trend of hitting stop loss makes the account and trading very difficult; We can only wait for the data for 1-2 hours to see whether the market is stable, 2: Technical aspects: A: In the small cycle, 1 hour, 30 minutes, it tends to the range of 2480-2500. In the range, you can take 2500-2495 short, and the following 2480-2485 range is long, and do small ranges; B: 4 hours, the pattern oscillates downward, and the indicator oscillates upward. This is a contradiction. To solve this contradictory signal, there is only a wash up and down, and finally a certain degree of direction; 2470 is currently a double support, buying support, and will not break for the time being; unless capital selling knocks out the long buying at 2470; C: In the daily K, the indicator crosses downward, which is a bearish signal, so short selling can be adopted, but 2470 has not been broken, and it needs external stimulation to break 2470; the high point pressure in the short term is around 2530, which is also the watershed position of the trend; To sum up: short-term intraday short-term small range 2500-2495 short, 2480-2485 range long; US market 8:30 data, it is recommended to avoid; avoid risks, let the trend go by itself, there will be data on Thursday and Friday; after this week, the trend will be clear; in the vague trend, it is not recommended to force and force long and short exchanges
TVC:GOLDLong
by David_strategy
1
9.4 Gold short-term operation strategyGold 2480 broke as expected. The US dollar rose 0.26% during the week, hitting a two-week high of 101.9. Affected by the surge in the US dollar index, the price of gold hit a new low of more than a week to around 2473 yesterday. However, the poor performance of the US ISM manufacturing PMI data dragged down the US bond yields, providing support for the gold price. It rebounded slightly in the late trading, and the daily line closed with a small negative column with a long upper and lower lead. The market is waiting for the US non-farm employment data, which may determine the scale of the possible interest rate cut at the Federal Reserve's September policy meeting. After the US holiday on Monday, gold finally broke out on Tuesday, breaking through 2480 all the way during the session and reaching the 2473 line. As we said, the market reached 2480. The 2502 short order given yesterday was basically the highest short order of the day, and once won 22 points of profit. The recent market is actually a market for making money. As long as gold rebounds, you can short it. The current price is more stimulated by the news, and it will not be supported for long. At present, 2480 has been broken. The area of ​​2473-74 is a strong support. If it breaks down, it will go to the 2460 line. Based on the current trend, there is still a high probability. The 4-hour trend shows that the downward channel has been opened. If it rebounds around 2500 today, you can participate in short orders. Detailed intraday operation strategy: Short at 2505, defend at 2513, target 2490-2480 Buy at 2480, defend at 2473, target 2500-2505
TVC:GOLDShort
by David_strategy
1
9.4 Analysis of Short-term Gold OperationsThe U.S. market broke the bottom and reversed, with three negative daily lines, and the price completely broke the short-term 5-day and 10-day moving averages. 2490 did not hold, but this decline was not restless either. 1. They all fell first in the Asian market. 2. The European market is still rebounding and rising, forming an illusion of support. 3. The U.S. market fell 6-8 points before the intraday low, and the drop at this point basically determined the U.S. market to retreat. 4. The U.S. market continued to counterattack the 2502 line, which was considered a shock. It broke the intraday decline and rebounded 618, and also broke the top-bottom conversion level. 5. After the US market broke through the bottom, the difference was slightly 2470-1, the previous low. 6. It pulled back upward in the early morning, touching the intraday drop of 618 at the 2494 line. From this we can see several points: (1), it fell in a cycle in the morning. (2) Oscillating retracement, the strength of the rebound is also OK. Although the decline is large, it can be closed up, and it is not an extremely weak decline. (3) The daily rhythm is three Yin, reaching the edge of the maximum correction. Today's market should turn positive. This pattern, if there is a swallowing decline, the overall weakness will be weak, but this constitutes that it should still be a bull wash. Therefore, in terms of operation: You can get rid of the cycle and bet on the retracement first. The resistance level is 2492, which is the 618 position of yesterday's decline and rebound. If it breaks 2502, it will lose money and look at the 2483-4 line. Pay attention to two points: if it falls in the morning, you should sell in the afternoon. In addition, if the morning does not fall to the target level, it will break the high in the afternoon and the short will be evacuated. There will be a cycle in the afternoon, and the European session will rise. If the cycle in the afternoon is stuck, if it touches the 2483-4 line, it will be long, and the loss will be 73. Look for the intraday European session to pull up. The extreme retracement long position is 2481.5, which is the 618 position of the rebound and rise. But if the market resists the decline in the morning, it will be more aggressive in the afternoon, and the market will be above 2500.
TVC:GOLD
by David_strategy
1
Gold Analysis==>>Adam & Adam Double Top PatternGold failed to form a new All-Time High (ATH) at the beginning of the week. Gold has successfully formed the Adam & Adam Double Top Pattern in the Potential Reversal Zone (PRZ)($2,539-$2,515) and breaking the Support lines . Credit terms of Adam & Adam Double Top Pattern: 🔸The Adam & Adam Double Top Pattern has the most credibility among the Double Top Patterns after the Eve & Eve Double Top Pattern . 🔸 Regular Divergence(RD-) between two Tops. 🔸The slope of the second top is higher than the slope of the first top towards the Neckline . I expect Gold to decline to at least the target of the double top pattern and attack the lower support line . Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
3
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
Boldly short goldDue to the cooling of the Fed's interest rate cut expectations, the strengthening of the US dollar index and the profit-taking of some chips, gold barely held the 2500 mark. During the day, gold fell back to around 2490. As gold fell, the upper resistance fell accordingly, and the current short-term resistance has dropped to around 2510. If gold cannot recover above 2510 today, then gold will continue to fall. Since gold is already trying to test the 2490-2495 area. According to the current weakness of gold, the support in this area may be broken at any time. Therefore, it is entirely possible for gold to continue to fall and test the 2485-2480 area, and it may even continue to fall to around 2470, pointing directly to our staged target area. So in today's trading, we are still mainly shorting. As long as gold cannot recover above 2510, we can boldly short gold in short-term trading! Now I continue to hold my short position and look forward to further expansion of profits! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
September , XAU/USD price correction , ZONE 2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) continued to drop on Monday, falling below the $2,500 mark as a stronger US Dollar, following July's Personal Consumption Expenditures (PCE) Index, pressured the metal. Additionally, concerns over China's sluggish economy, the world’s largest gold buyer, added to the decline. However, expectations of an interest rate cut by the US Federal Reserve (Fed) in September could help limit Gold’s losses, as lower rates reduce the opportunity cost of holding non-yielding assets like gold. Looking ahead, key US economic data are due this week, including the ISM Manufacturing PMI on Tuesday, the Services PMI on Thursday, and employment data on Friday, which includes Nonfarm Payrolls (NFP), the Unemployment Rate, and Average Hourly Earnings for August. ⭐️ Personal comments NOVA: Gold price has a slight decrease adjustment in early September 2024, but is still within the sideway price range of 2480 - 2530, accumulating for the Uptrend. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2483 - $2485 SL $2478 TP1: $2492 TP2: $2500 TP3: $2510 🔥SELL GOLD zone: $2509 - $2511 SL $2516 TP1: $2500 TP2: $2490 TP3: $2482 ⭐️ 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
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
XAU/USD "GOLD MINES" Bearish Robbery Plan to steal GoldHola 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 Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish 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 Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 1h 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. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
VELOCITY:GOLDShort
by Thief_Trader