9.24 Technical Analysis of Gold Short-term OperationsThe bullish market sentiment after the Fed's rate cut last week and geopolitical tensions pushed up gold prices. Gold hit a new record high yesterday, reaching 2634, and then began to fall slightly, closing the daily line with a small positive. However, the US dollar index stabilized and rebounded, and Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end". Everyone still needs to beware of the risk of a short-term correction in gold prices.
Gold hit a new high again, and the high point was constantly refreshed, from 2500 to 2634. In the short term, it is still dominated by a bullish trend. The weekly level broke through strongly last week. The current market is running on the upper track of the long-term channel. At present, it is necessary to focus on the support near 2600. The gains and losses of this position are related to the trend guidance of gold bulls and bears. If this position is broken, gold is likely to have a large retracement.
It is still expected to fluctuate during the day. In the short term, if gold wants to completely get out of the strong pattern, it still needs time to exchange space. I have repeatedly emphasized that the current point chasing long profits and risks are not proportional. The operation is around the 2600-2635 range during the day.
Detailed intraday operation strategy:
Short gold at current price 2633, defense 2638, target 2620-2600
Long gold at 2600, defense 2594, target 2610-262
Goldsell
Gold short-term operation strategyThe four-hour lifeline, the hourly double-line upper track, the acceleration starting point, the top and bottom conversion position, and the position along the channel line are superimposed at 2584-2590, which is used as a support area for sweeping. The price squats and steps back to determine the support, or look at the upward movement
The Asian session breaks the high, the European session breaks the low, and the sprint action needs to be handed over to the US session
Pay attention to 2612-2610 in the European session, pay attention to 2622 upwards, and then look at 2630-2632
New ATH XAU above 2630 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 9/23 - 9/27/2024
🔥 World situation:
Gold prices surged past $2,600 to a new record high, fueled by expectations of further rate cuts from the Federal Reserve (Fed) and rising tensions between Israel and Hezbollah. XAU/USD is trading at $2,621, up 1.37%.
Risk aversion is evident as Wall Street's major indices posted slight losses. Fed Governor Christopher Waller supported a 50-basis-point rate cut, expecting low August PCE inflation data.
🔥 Identify:
FOMO to create new ATH for XAU is still very large - continue to expect higher price zones next week, before the market corrects again. New ATH target: 2643-2665
🔥 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: $2638, $2650, 2665
Support : $2584, $2558, 2529
🔥 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
9.23 Gold Short-term Operation Analysis StrategyGold's daily and weekly lines are both up, setting new highs. Gold once again stood firmly on the 2600 line. The daily and weekly lines closed directly with big positive lines, with basically no leads. Judging from the current trend, gold will continue to rise in the long run, and the technical forms are undoubtedly strong. There are currently a lot of short-term supports below, 2610-2600 in the short term, and the upper short-term suppression is at 2635. No one can predict where the final high point will be.
As gold repeatedly breaks through new highs and madly refreshes historical highs, new highs also hide the risk of falling back.
Intraday operation strategy:
Short at 2635, defend at 2641, target 2620-2600
Buy at 2605, defend at 2600, target 2620-2630
Gold Next Move Bull/Bear? I thik he is going downGo through the analysis carefully, and do trade accordingly.
Resistance- 2628-2631
Resistance-2643-2646
Support- 2651-2655
Support-2595-2588
Support-2571-2568
Strong support area- 2550-2555
Gold Signal Daily for the week
Current price- 2621.6
Advice-For Buying
Buying area= 2588-2580
For selling
Best selling area= 2631-2643-2651
-POSSIBILITY-1
If 2628 break and sustain then you can sell gold with retest target will be 2643-2646
-POSSIBILITY-2
If it breaks 2595 and sustains then you can sell gold with retest target will be 2571-2568
I'm sorry, I have been short againBros, you all know that I shorted gold some time ago. Although I was stuck for a few days, gold still gave me a chance to close the position near 2553, and finally closed the position with a profit of $90K.
At present, gold has risen above 2620 again. I think there should be many brothers chasing gold. I am sorry, I started shorting gold again and plan to hold it in the medium term. Bros, I calculated in advance that if gold can fall to 2575, I can make more than $50K in profit. If gold unexpectedly falls to 2550, there will be another huge profit! I am looking forward to such a result!
Bros, let's wait and see!
9.20 Gold Short-term Operation StrategyAfter the price easily broke through 2600 today, it is difficult to move very strongly and will continue to run in a pattern with a fluctuating component.
Following the principle of bullish trend, even if you want to make a second bullish operation at night, you need to rely on the intraday high of yesterday and the low point of the hourly big positive line of 2595 as support, and the upper resistance is around 2618/2623
XAUUSD M30 ANALYSIS | LOOKING FOR SELL MEAL!Hi, everyone! I hope you’re all doing great and geared up for today’s trading prospects. I’m eager to share my insights on XAUUSD and explore a potential setup that I believe could be quite beneficial for us.
Looking at the current market conditions, it’s evident that XAUUSD has recently tapped into all buy-side liquidity. This movement hints at a possible change in market sentiment and suggests the emergence of bearish momentum. With that in mind, I’m contemplating a short position on XAUUSD, targeting an entry point at 2600.
Here’s my thorough analysis:
Market Overview: The recent price action indicates that buyers may have reached their limit. With liquidity being exhausted, we could see sellers take charge, driving prices down. Historical trends and current patterns align with this bearish perspective, making it a prime opportunity to leverage potential declines.
Target Levels: For this trade, I’ve set my first target at 2685, with aspirations for further movement down to around 2675. These levels have previously demonstrated significant support, and I believe they will be pivotal during this trading session.
Risk Management: To safeguard our investment, I’ll be placing a stop loss at 2608. This provides a comfortable 80-pip cushion, allowing for some market fluctuations while protecting our capital. It’s crucial to implement a solid risk management strategy, especially in the dynamic environment of XAUUSD.
Trade Execution: I encourage each of you to evaluate this setup according to your own strategies and risk tolerance. Ensure that your trade aligns with your overall trading plan. If you’re considering this trade, I recommend staying alert for confirmation signals before making your move.
Community Interaction: I want to take a moment to thank you all for the amazing support and engagement you’ve shown towards my ideas. Your feedback inspires me and enhances our community. If you have insights, alternative viewpoints, or questions about this setup—or anything else—please share in the comments! I’m excited to discuss and learn from all of you.
Looking Ahead: As we navigate today’s trading session, let’s stay focused and flexible. Markets can shift quickly, and being prepared to adjust our strategies is essential for success. Remember, trading isn’t just about profits; it’s also about continuous learning and growth as traders.
Thank you all once again for being such a fantastic community! Together, let’s seize today’s trading opportunities. Here’s to a successful day ahead—let’s go for those profits! 🚀💰✨
Happy trading, everyone!
9.20 gold short-term operation technical analysis Gold reversed in a deep V yesterday. Gold fell back to support and then rose again. It seems that gold bulls still have the momentum to continue to rise for the time being. Go long first when gold falls back in the early trading.
Gold's 30-minute moving average entered the golden cross pattern. Gold rose after falling yesterday. Gold bulls once again accumulated momentum to rise. It is still expected to continue to challenge new highs. Gold fell to 2569 last night and then rose directly.
Gold is currently high. After the Fed's interest rate decision, it adjusted deeply. Gold rose again. After the adjustment, gold fell back to support and continued to rise. There was no further decline, indicating that it is still in the stage of bull accumulation. Gold is expected to continue to rise; after breaking through the new high, it will accelerate.
Today's operation strategy
2595 short stop loss 2600. Target 2580-2570
2572 long, stop loss 2562, target 2590-2600;
Gold: Calm Market Expected: Focus on Short Positions
Yesterday's trades were very successful. I bought at 2552 and closed at 2578, then sold at 2588 and closed at 2572, resulting in solid profits.
It's Friday, and with no significant news scheduled for release—aside from uncontrollable events like natural disasters—the market should remain calm today. A $20 range would already be considerable movement.
An upward move is unlikely. On a day like this, relying purely on technical patterns, a breakout above 2600 is a pipe dream. Instead, the probability of dropping to 2572 is much higher.
So, the strategy for today is to focus on selling. There's no need to consider bullish trades.
Gold's Wild Ride: Rebound Completed, Time to Short Again
Crazy gold! The market has regained all of yesterday’s losses in today’s rally. This market is always full of surprises!
Now it's clear that the resistance at 2600 is very strong. Since it couldn't break through, it's time to switch back to short positions. What rose from here is likely to fall back down to the same level.
Sell, with a target profit (TP) at 2572.
We are preparing GOLD. Team, we will wait for another 5 minutes to confirm the trade if it drops low toward 2585.30
Once the short is taking place, please stop loss at 2592.92
If the market pulls back toward 2588-2590, we will have another short, but our stop loss will be at 2595.63
Target 1 at 2580.49
Target 2 at 2576.10
NOTE: if you do a small volume, you can stop loss in the safe zone.
Gold On mid termsGold has reached all its bullish targets, especially after the publication of the latest U.S. interest rates. It should continue its ascent, but not before a correction that is clearly visible on the bullish channel. Therefore, it's important to monitor the descent at the 2305 level and then consider buying in case of a bullish confirmation.
XAUUSD ANOTHER SETUP IN M30 IS READY | BEAR IN CONTROLHello, everyone! I hope you’re all doing well and ready to dive into today’s trading opportunities. I’m excited to share my analysis on XAUUSD and discuss a potential setup that I believe could be quite rewarding for us.
As we assess the current market landscape, it’s clear that xauusd has recently grabbed all buy-side liquidity. This movement indicates a potential shift in market sentiment and opens the door to bearish momentum. With this in mind, I’m considering a short position on xauusd, with my entry point at 2575.
Here’s my detailed outlook:
Market Analysis: The price action we’ve seen suggests that buyers have exhausted their strength. With liquidity being tapped out, we’re now likely to see sellers take control, pushing prices lower. Historical patterns and current trends support this bearish outlook, making it an opportune moment to capitalize on potential downward movement.
Target Levels: For this trade, my first target is set at 2562, and I’m aiming for further downside to around 2548. These levels have shown significant support in the past, and I anticipate they will be crucial in this trading session.
Risk Management: To protect our investment, I’m implementing a stop loss at 2595. This provides us with a comfortable buffer, allowing for some market fluctuation while safeguarding our capital. It’s essential to have a clear risk management strategy in place, especially in volatile markets like xauusd.
Trade Execution: I encourage everyone to analyze this setup based on your own strategies and risk tolerance. Always ensure that your trade aligns with your overall trading plan. If you’re considering this trade, I recommend staying vigilant and watching for confirmation signals before entering.
Community Engagement: I want to take a moment to express my heartfelt gratitude for the incredible support and engagement you’ve shown for my ideas. Your feedback not only motivates me but also enriches our community. If you have insights, alternative perspectives, or questions about this setup—or if there’s anything else on your mind—please share in the comments! I’m eager to discuss and learn from all of you.
Looking Ahead: As we navigate today’s trading session, let’s remain focused and adaptable. The markets can change rapidly, and being prepared to adjust our strategies is key to success. Remember, trading is not just about making profits; it’s also about continuous learning and growth as traders.
Thank you all once again for being such a fantastic community! Together, let’s make the most of today’s trading opportunities. Here’s to a successful day ahead—let’s aim for those profits! 🚀💰✨
Happy trading, everyone!
#XAUUSD 1DAYXAU/USD Daily Analysis: Sell Opportunity
Market Overview:
The XAU/USD pair is presenting a notable sell opportunity at the $2,600 level. As gold prices approach this resistance point, several technical indicators suggest a potential downward move, making this an ideal entry for short positions.
Technical Analysis:
1Resistance Level: The $2,600 mark has historically proven to be a significant resistance zone, with recent attempts to breach it resulting in price reversals.
2.Moving Averages:The price is currently below the 50-day moving average, which is trending downward, indicating bearish momentum in the market.
3.Momentum Indicators: The Relative Strength Index (RSI) shows overbought conditions, suggesting that upward pressure may be waning, further supporting a potential decline.
Market Sentiment:
The broader market sentiment is leaning bearish for gold, driven by factors such as rising interest rates and a strengthening US dollar. These conditions typically exert downward pressure on precious metals.
Strategy:
Sell Level: Enter short positions at $2,600.
Target Levels:
Primary target at $2,550, where significant support has been previously identified.
Secondary target at $2,450, aligning with lower support zones and providing an opportunity for further gains if momentum continues.
Stop-Loss: Implement a stop-loss order above $2,620 to protect against adverse price movements.
Conclusion:
With strong resistance at $2,600, bearish technical signals, and unfavorable market sentiment, the XAU/USD pair presents a compelling sell opportunity. Traders should closely monitor price action and adjust their strategies as needed to maximize potential returns.
Gold: Corrective Rebound Expected Before Further Decline
Yesterday, gold experienced extreme volatility, surging before a sharp sell-off. Today, the market should see less fluctuation as much of the news has been priced in. However, another key report is expected during New York trading hours, and I believe short positions will be more favorable following its release.
Before the data comes out, a long position could be effective, given the steep decline yesterday. There is likely to be a corrective bounce as buyers step in to capitalize on the sharp drop, so I see going long ahead of the news as a good move.
I doubled short gold around 2589.Bros, I know that some short sellers are very anxious because gold has already reached around 2590, and it is only one step away from 2600. As long as my friends who follow me know, I hold a short position, but I am not particularly worried. If you still hold a short position in gold, please be sure to read the following content carefully.
Today, gold basically maintained a consolidation trend. As of now, gold has not broken through 2590. Since yesterday, I have been emphasizing that the 2580-2590 area is likely to become a short-term top area, and it still holds true now. Gold has failed to break through 2590 many times, and it is very likely to copy the trend of gold near 2530 some time ago. It has failed to break through many times, and it has built a short-term top structure and then fell under pressure. I think this possibility is very high!
In addition, the Federal Reserve is going to cut interest rates, and I firmly stand in the camp of expecting a 25 basis point interest rate cut. Once the Federal Reserve cuts interest rates by 50 basis points below market expectations, gold will inevitably fall. Moreover, gold rose before the interest rate cut, which is likely to reserve room for decline after the interest rate cut.
Last point, in fact, what I focus on now is not market fluctuations, but market sentiment. Even if I continue to be bullish on gold, the transaction risk is very high, so I prefer to start shorting gold when the market's bullish sentiment is high. So I am not worried about the short positions in my hands. On the contrary, I doubled my short positions on gold near 2589 today. I believe that time will eventually give us rewards!
Sorry, I have already shorted gold!Stimulated by the news, gold has risen rapidly to around 2552. Obviously, gold has seen a very obvious squeeze and rise. After the rapid rise of gold, there must be a technical demand for a fall. I expect 2552 to be the high point of gold in the day, so when you all want to chase the rise of gold, I have already started to short gold!
Brothers who are shorting gold, you are definitely not alone, I am here with you!
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. !
Fed Rate: How to Trade Gold Amidst Market Uncertainty?
The excitement is building as the Federal Reserve is about to announce its rate decision—whether it's a 25 or 50 basis point cut. Will gold reach new highs or begin a downward trend? Let’s wait and see.
From a personal perspective, I'm not particularly concerned about the impact on trading. Whether the market moves up or down, it will eventually return to the current price levels. Especially after a surge, there’s no need to worry too much.
For those trading today, do not set stop losses on short positions. If gold rises, simply add to your position or hedge by opening long trades. The 2600 level is a critical resistance point, and even if it breaks through due to the announcement, it won’t hold for long without a retracement. At that point, simply close your long positions and add more short positions.
This trading strategy should be helpful for those looking to navigate the volatility. Feel free to ask any questions or leave comments!
Gold 2573 buy! tp 2589-2605Gold has been weak since the resistance level of 2,588, but the pattern of today's pullback is also weak, which is a very important key point! Because today we have the Fed's interest rate outcome and economic expectations briefing and Powell's speech! The impact of these data will have a big impact on gold crude oil!
At present, from the trend point of view, the support level of gold is 2560, the pressure level is 25888, and the strength level of the disk is 2573!
If it stabilizes above 2,573 then the upside will be strong
All in all, today's data will cause huge volatility in the market. If you have trapped orders at the moment or you don't know how to trade tonight, you can ask for my help! I don't want you to burn your account tonight
Gold 2573 buy! tp 2589-2605