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XAUUSD Trading for 12 Sep 2024 Didn't manage to post my trade idea earlier but this is a sell trade I took earlier today after price took out the buyside liquidity and reversed from the 50% level of the long wick marked by the dark red line. Have closed my sell trades and looking for new opportunities. Still prefer to see price drop all the way down to take out the ITL (intermediate term low below. Note how XAUUSD have been stuck in a tight range on the weekly/daily which presents good opportunities to buy at the bottom discount or sell at the top premium.
FOREXCOM:XAUUSD
by ffxfighter
Are you ready to short gold?Gold rose to 2520 as expected, even higher than I expected, and once reached around 2529. However, the highlight of the gold market today is the CPI data. To be honest, for the current gold market, I don't recommend chasing gold any further. Even if gold rises to the 2530-2535 area, I don't recommend chasing gold any further. Because the market expects the Fed to cut interest rates this month, but there are still differences on whether to cut interest rates by 25 basis points or 50 basis points. Once the market expects a 25 basis point cut, gold will continue to fall; even if the market expects the Fed to cut interest rates by 50 basis points, I think it will be difficult for gold to rise sharply based on CPI data alone, because if gold rises sharply based on a single CPI data, it will compress the room for growth of the interest rate decision on September 19, so even if the CPI data is bullish for gold, the room for gold to rise will be compressed, and gold is likely to rise first and then fall. So in terms of trading, I don't recommend chasing gold for the time being. On the contrary, if gold approaches the 2530-2535 area, I think you can start to short gold boldly! 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 Trading-Hawkeye
Stick to shorting gold!Today we have made good profits in both long and short gold transactions. First, we shorted gold near 2498, and gold perfectly hit TP: 2488 during the decline; then we longed gold near 2492 and manually closed the order above 2496. A total profit of 140pips was made in both long and short gold transactions, which is a very good trading result! Today, gold fell back to around 2485 again, and then rebounded. The downward momentum did not continue, and there were signs of building a double bottom structure in the short term, proving that the 2485-2480 area still has some support for gold in the short term; however, from the perspective of the gold rebound structure, the gold rebound potential is weak, and as gold falls, the resistance area also goes down. The current short-term resistance of gold is in the 2505-2510 area. If gold cannot recover this area, gold will most likely continue to test the support near 2470. So in terms of trading, the relatively safe way is to short gold at high levels. In short-term trading, we can boldly short gold with the 2505-2510 area as resistance. I believe there will be a good profit! 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 Trading-Hawkeye
XAU / USD ! 9/9 ! SIDEWAY continue to decreaseXAU / USD trend forecast September 9, 2024 According to the data, Fed interest rate probabilities fluctuated sharply. Based on CME FedWatch Tool data, at some point, traders priced a 50 bps cut with odds rising as high as 70%. Nevertheless, as the dust settled, market participants estimated that a 25 bps cut was more likely as the chances of it rose by 73%, while for a 50 bps cut they decreased to 27%. In the meantime, Fed policymakers crossed the newswire. New York Fed President John Williams said that lowering rates soon will help to keep the labor market balanced. Fed Governor Christopher Waller echoed some of his comments at a speech at the University of Notre Dame. He said, “The time has come” to begin easing policy and revealed that he was open to any size of easing. Based on H2, resistance and EMA 200 line to set up SELL signal /// SELL XAU : zone 2505-2507 SL: 2513 TP: 50 - 150 - 200 pips (2487) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
2
AUXUSDAlles is vrijdag uitgenomen aan liq boven aan op H1. Breek van structuur en we hebben een reactie gekregen op een demandzone. Op 2500 heb je een high die nog niet is uitnomen (wick) en op de bookmap liggen twee mooie strepen aan ordes. daarboven liggen nog nieuwe ordes tot aan 2510.5. Mooiste is als deze worden uitnomen en dat we daarna verder naar benenden gaan richting de 2473 omdaar de ordes uit te nemen plus de liq die er ligt van de laastet wick op 2470.8 Woensdag belangrijke dag voor de cijfers die uitkomen. Die bepalen het sentiment voor de komende maanden voor beleggers. -------- Everything was taken out on Friday at the top of H1. Break structure and we got a response to a demand zone. At 2500 you have a high that has not yet been taken (wick) and on the bookmap there are two nice lines of orders. above that there are new orders up to 2510.5. The best thing is if these are taken out and then we continue down towards 2473 to take out the orders plus the liq that is there from the last wick at 2470.8 Wednesday is an important day for the figures that come out. These determine the sentiment for investors in the coming months.
OANDA:XAUUSDShort
by Ghost-Feed
Go long gold!Today's NFP market is the highlight, and gold's performance in NFP is exactly in line with my expectations. First, I explained that I am optimistic about gold's rebound after the decline in the NFP market, and focus on the 2516-2512 support area and the 2505-2500 area. Before the release of the NFP data, gold just fell back to around 2512, and then rose to around 2518; after the release of the NFP data, gold instantly fell back to around 2508, and then rose sharply to around 2528. Basically, it meets my expectations that gold will fall back first and then rise. At present, gold has fallen back to the 2505-2500 area again, and the current lowest point has reached around 2503, retesting yesterday's rebound area of ​​2504. If the test support is effective, gold will rebound again. I expect gold to rebound to at least the 2515-2520 area. So I have decisively chosen to go long on gold. 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:XAUUSDLong
by Trading-Hawkeye
Gold may directly point to the 2465-2455 areaToday I made more gold near 2480 and around 2474, and then lock the profit at the nearby position near 2484. In fact, I have explained very clearly about the trading strategy in the short term. Because gold faces the resistance of 2486-2488 in the short-term, this is why I chose to close our bulls in 2484 in advance. And the shorts are relatively obvious at present, and we do more gold just to do the game gold will not fall below the support area near 2470. In addition, many people should have a plan to wait for the gold to rebound to short gold in the 2486-2490 area. Therefore, in order to lock the profit in time, I must choose to make a profit near 2484. At present, the golden short mood is strong. We first observe the performance of gold in the 2486-2490 area. If gold touches the area fall, then we can observe the support of the 2475-2470 region again, and consider making more gold with the support of the area; if the gold breaks through the area in the short term , or even the possibility of continuing to rebound to the 2505 area, then there is no doubt that we can take short gold again! The operation may be less profitable, but it is undoubtedly a safer operation strategy. Once the gold rebounds to the 2505 area, there is no doubt that the gold is short. If the gold falls and falls below the 2470 region, the gold will directly fall to the 2465-2455 area, pointing directly to our stage goals! 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 Trading-Hawkeye
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 Trading-Hawkeye
XAUUSD 4HR Analysis | The Bulls Are Taking a Breather | XAUUSD 4HR Analysis | The Bulls Are Taking a Breather | Gold has recently hit an all time high of 2530 and since has tested the breakage of this level a few times, in my last analysis I provided a detailed explanation of the current mining production status globally and JPY/USD economic data that could impact the price movements in the bulls favour however it seems that short term we may see a correction into the upper 2400's before any renewed price surges, with the bullish momentum volume slowing down and various bearish confirmations coming into play. Over the last few days Gold has broke below the dynamic support + resistance level whilst also dipping below the 200 EMA on smaller timeframes and the 50 on larger such as 4HR, with the recent completion of 25% to 75% quarters and a pivot off the upper bollinger band its likely that the precious metal could take a breather down to 2,460-70 where the 200 ema lies along with a key support and resistance level and the lower bollinger band matching 25% quarter level. With the US holidays in action today the start of the week has been sluggish with little to no volatility and price sticking in its range alongside not being able to break back above the 50 ema and dynamic s+r, the bears remain in favour until price can break this structure level back into the 2520's and thus i would not consider any long term buys with so many key psych resistance levels in between us and the ATH pivot level. I will be keeping close eye on the key support zone of 2460-70 for suitable long term buy entries and in the meantime trade intra on price structure and short term confirmations with my group.
BLACKBULL:XAUUSDShort
by OfficialKieranTrewick
Continue to hold a bulls in the 2515-2516 areaBrothers, although gold once rebounded to around 2526, I explained six reasons in my private domain that gold cannot be shorted, and gold may challenge the previous high again or even set a new high. So I refused to short gold. Gold once retreated to around 2515, brothers! Although I did not short gold, it is obvious that I seized the opportunity to go long on gold in the 2515-2516 area! I cannot guarantee that gold will reach a new high, but I think gold will challenge the resistance in the 2525-2530 area at least once. Once it breaks through this resistance area, gold may continue to rise and touch the 2540-2550 area. So I still hold my long position now, let us look forward to the performance of gold together! 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:XAUUSDLong
by Trading-Hawkeye
After the gold rebound, continue to short gold!Brothers, today we use the 2525-2530 area as resistance and continue to short gold near 2520. Obviously, with the help of the initial jobless claims data, our profits have grown rapidly! Because gold has certain buying support in the 2505-2500 area, we choose to manually close the position near 2507 to lock in profits in time. Congratulations to all the brothers who followed my trading signals and ended their short positions with profits again! At present, gold has received support from the 2505-2500 area as expected, and has rebounded in the short term. It has now rebounded to around 2513. So how do we find opportunities next? In fact, from the candlestick chart, although gold continues the triangle consolidation trend, it has been under pressure in the 2525-2530 area many times, which has consumed the bullish momentum to a certain extent; and as gold falls back, the upper resistance area is gradually moving down, which is also conducive to the decline of gold; and the strong counterattack of the US dollar has also brought certain pressure to gold. In addition, if gold fails to break upward, there may be a certain amount of profit chips cashed out. Once a large number of chips are cashed out, it may even cause a certain amount of selling. So in terms of trading, if gold continues to rebound, then I will also consider continuing to short gold after the rebound. First, observe the performance of gold in the 2516-2520 area. 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 Trading-Hawkeye
5
Go long gold first, then go short goldFirst of all, let me reiterate that our interim target is in the 2460-2450 area, so we have been shorting gold around 2525 recently and have made good profits in short-term trading. At present, gold is mainly running around 2500, but it has never effectively fallen below the 2500-2490 support area. So overall, gold still maintains high-level fluctuations. On the other hand, the buying support below gold is strong, and new funds may buy after the decline of gold, limiting the decline of gold. So even if I am optimistic about the decline of gold and set the interim target as the 2460-2450 area. But gold will not fall to the right place all at once, so I will not advocate shorting gold directly around 2500. On the contrary, for short-term trading, we can appropriately go long on gold around the 2500-2490 support area, and after gold rebounds, we will re-enter the gold short trade! 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 Trading-Hawkeye
Short gold! Phased target: 2460-2450!After gold broke through last Friday's high yesterday, the market was expecting gold to rise further or hit the previous historical high. However, gold only rebounded and hit around 2526 before falling under pressure. Obviously, we shorted gold near 2525 yesterday and successfully hit our TP: 2510. Many people laughed at me for shorting gold in the chat room yesterday, but time once again proved that I was right. This is the charm of market trading! Although gold is currently at a high level and seems strong on the surface, as the bullish momentum weakens, the resistance area is gradually moving down, while the support is gradually being broken. Today, gold continued to fall from around 2518, and the gold short momentum is gradually strengthening. Therefore, I expect the adjustment range of gold may continue to expand. Therefore, in terms of trading, I still maintain the idea of ​​shorting gold on rallies. At present, the 2518-2520 area is regarded as a short-term resistance, and the further resistance area is located in the 2525-2530 area. The retracement target is first bearish on falling below the 2500 mark; if you want to look at the band, then the retracement stage target can be the 2460-2450 area. 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 Trading-Hawkeye
XAUUSD 4HR Analysis UpdateFollowing my last few analysis depictions we have seen the bullish momentum surge bounce off the identified level followed by a small correction down to the key psych level of 2500-08 where price was once again met by the dynamic trendline, 50 ema and order block pivot zone along with 25% quarter section all acting as key support pivot levels which helped price respect and keep its bullish momentum in tact, following this I am now looking as my target the next all time high as the upper 2500s primarily between 2550 - 2575 to match the second phase of the 50% quarters section with 75% being on 3000.
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
2
XAU shows positivity above $2500⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) show a slight downward trend near the $2,500 mark on Monday. However, the potential for further decline may be limited due to growing expectations that the US Federal Reserve will start lowering interest rates in September, which typically supports Gold by reducing the opportunity cost of holding it. Additionally, rising geopolitical tensions in the Middle East and ongoing economic uncertainty are likely to increase demand for the safe-haven asset, supporting Gold prices. However, weak demand in the Chinese economy, the world's largest gold producer and consumer, could weigh on the metal. Later today, the US July Durable Goods Orders are set to be released. This week's key events include the preliminary US GDP for Q2 and the PCE Price Index for July, due on Thursday and Friday, respectively. ⭐️ Personal comments NOVA: Gold prices are still positive after the FED's statements, Gold prices continue to maintain above the 2500 zone, stable in the second session of the week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2496 - $2494 SL $2489 TP1: $2505 TP2: $2515 TP3: $2530 🔥SELL GOLD zone: $2528 - $2530 SL $2535 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ 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
3
XAUUSD 4HR Analysis UpdateGolds Bull Run Following my recent analysis post where I identified a key pivot zone leading into the next price impulse surge we are now running profit with momentum in our favour and the first phase of the analysis completed, going forwards I am looking for price to push a little further into the 2520's where I will await a suitable correction followed by various conformations affirming the continuation of golds ascent and another long opportunity. As suggested todays powell speech and other red flag events helped surge the price off the floating ema support, dynamic support and resistance and key order block pivot S+R level, with further jackson symposium events on saturday and durable goods orders on monday we could see price continue the bullish favour heading into the opening of next week. What is your thoughts on the future of price movement for this precious metal ? Let me know in the comments below.
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick