Goldtrade
Gold TodayGold may down more if go below 1815.
Trade with support as Buying with 1814 SL
and Sell Now with above resistance .
Happy Trading if you like my work support me for more ideas of sucessfull trading.
hold your support 1815 sofar, next ??#GOLD... market placed 1815 his supporting area that was mentioned in our last couple ideas and bounced back,
now it will dead cat bounce or trend change ??
it will decide 1841 42
if market placed 1841 42 and drop then it will retest his today, otherwise next buying ride will start above 1841
trade wisley
good luck
GOLD 4H OUTLOOK GOLD
reminding you that, consolidation under 1823 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1812 , 1801 , and 1793
As for renewing bullish attempts, consolidation above 1823 will support the price to rise up again and recover its positive momentum to retest again to 1838 , 1850 , and 1860
Support line: 1812, 1801 , 1793
Resistance line: 1838, 1850, 1860
The expected trading range for today is between support 1801 and Resistance 1850
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello 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
GOLD IntradayPivot : 1829.00
Our preference : short position below 1829.00 with targets at 1805.00 & 1798
Above 1829.00 look for further upside with 1842.00 & 1850.00 as targets.
Comment : RSI shows downside momentum.
Gold tends to increaseWorld gold spot price stands around 1,822.5 USD/ounce, down 7.5 USD/ounce compared to last night. Gold futures price for December delivery on Comex New York floor is at 1,838.9 USD/ounce
On the world market, spot gold price on Kitco on October 2 traded at 1,830 USD/ounce.
Everett Millman, market analyst at Gainesville Coins, said that according to the annual cycle, early October is the time when gold prices start to get hotter. The gold market will soon turn upward in price due to increased buying demand from China and India. The Diwali festival begins in November but many Indians will start accumulating gold from October.
TVC:GOLD BUY 1815 - 1817 🔽🔽
✔️TP1: 1822
✔️TP2: 1826
❌SL: 1810
Smoothly drop below your area , next?#GOLD... market smoothly droped below your area that was 1841 arround as you can see in my last idea.
Now market 2nd support is 1823 that is also very important in current overall move..
If market clear that area then it will leads you towards 1810 as first target..
Trade wisely
Good luck
GOLD Price Continues Losing Streak as US Dollar Seeks Demand ...Gold Price Continues Losing Streak as US Dollar Seeks Demand Amid Cautious Mood
Gold prices are experiencing their sixth consecutive day of losses on Monday, with the US Dollar seeking fresh demand in a cautious market environment. Despite the United States successfully averting a government shutdown, investor sentiment remains cautious.
The US Congress voted late on Saturday to pass a stopgap funding bill, gaining overwhelming Democratic support, thus preventing the federal government from experiencing its fourth partial shutdown in the past decade.
Over the weekend, China's business PMIs delivered mixed results, which had a dampening effect on investor sentiment, particularly in light of the Chinese Golden Week holiday leading to lighter trading activity. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) for September fell to 50.6 from the previous month's reading of 51.0, missing expectations of 51.2. The services index also declined to 50.2 in September compared to 51.8 in August, marking its lowest level since December.
However, official data released by China's National Bureau of Statistics (NBS) showed that the Manufacturing PMI and the Non-Manufacturing PMI exceeded expectations, coming in at 50.2 and 51.7, respectively, for September.
The persistently hawkish rhetoric from the US Federal Reserve (Fed) and the resilience of the US economy are contributing to a bullish sentiment around the US Dollar and US Treasury bond yields. Consequently, this environment has left non-yielding assets like gold struggling, with prices hitting seven-month lows.
The focus now shifts to critical job data from the United States. On Tuesday, the JOLTs Job Openings data will provide fresh insights into the country's labor market, particularly as inflation shows signs of cooling down. In August, the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, softened to 0.1% MoM and 3.9% YoY.
Additionally, market participants will closely monitor the US ISM Manufacturing PMI and a speech by Fed Chair Jerome Powell later in the day. These events could provide valuable hints regarding the state of the economy and the outlook for interest rates, potentially impacting the valuations of the US Dollar and the price of gold.
Our previous forecast during the recent trading week.
TODAY:
Our preference
Short positions below 1852.00 with targets at 1830.00
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold sellGold is in a sell trend and making lower lows as Dollar price is gaining power gold will fall as predicted as gold has broke its support level on 1850-48 price level and having a retest of broken support level on H1 time frame the confluance for trade is H1 support break with volume candle and 200EMA is above the price level which indicates that gold will fall
At Important supporting levels#GOLD... Further we have downside 2 areas for now .
1845 and 1841
Immediate supporting levels.
Keep in mind tomorrow is first working day of the week, month and quarter.
And these 2 areas will play key role
If market clear that area then next will be 1814 on table
Good luck
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello 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
KOG REPORT:KOG REPORT:
In last week’s KOG Report, we were expecting an aggressive week on the markets and that’s exactly what we got. Our ideal scenario on gold was for price to find support, push to the upside, grab the higher pool, and then make the drop into the first level 1908 where we expected a bounce, which didn’t arise, and then into our level 1890 which was achieved and surpassed. In all honesty, the first half of the move, until the level l was broken was missed by us, instead, we had to switch to the red box strategy and follow KOG’s daily bias to get in with the move from immediate resistance levels. Our last bias target was 1863, which again was achieved but that’s where we stopped for the week, only looking then for price to find some form of support.
It was a decent week overall, with numerous gold targets activating short and guiding us down on Gold, and further targets completing on many of the other pairs we trade in Camelot.
So, what can we expect in the week ahead?
The only targets we have remaining now are even further down on Gold, but we will start the week by monitoring the price action down here, only looking for support levels to go long at the moment. We can potentially expect some consolidation early session but we’re too low here to even consider shorting the market unless we get a retracement on price. We’re looking at the support levels below 1845-40 which if held, we feel would represent an opportunity to long the market back up initially into the 1865 level and above that 1875-80. Now, 1880-90 is an important level if targeted, this is where if broken, we can attempt to go higher. If not, rejection here forms the last leg of the structure and that’s the potential level for lower pricing in gold, initially 1830-35 and below that 1810-15.
As above, we’re too low to attempt shorting the market, so if it continues down, be patient and let it go, it’s not worth getting stuck down here in short trades just in case we start a recovery from the open. So, even though we’ve been short bias, for this week at least, we’ll only be looking for long trades from key levels, unless we get the move to the upside into that higher resistance level, where again we will attempt to short the market again.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
May Visit Level Of 1800 Before Continuing in Uptrend again a very hawkish language from Federal Bank that support dollar and Bond Yields May SUPPORT this vision.
GOLD Week 39 (25/09/23 to 29/09/23)Hi Traders,
What a week for the Gold traders was. Let us look how it went.
Monday
We open at1925. Sideways during the asian session open. Tested the supply area near to the London session. Created a support area at 1920. Tested again the supply area before start making the first BOS downwards of the week. Sideways till close.
Tuesday
Open at 1915. Had a supply area in that range. Price continue to drop slowly breaking a previous week key level support 1913. Reacted at 1909, testing the supply during London Open. From the Supply, It made a break of Structure to the downside. Closing at the 1899 range.
Wednesday
Open sideways. Ranging between 1899 and 1904. 1904 is a SBR area. (Support Become Resistance). Sellers continues to break more key levels and structures. Price closes at 1872 area. What a move.
Thursday
Sideways all the way till we are near the US Session open. Created a supply zone. Sellers continue to control. It went down close 220 pips in a single market session. Closing the day at the 1867 area.
Friday
Buyers attempted to take control. First Demand area appear for the week. Bullish movement starts before London session. Retested the 1879 supply area which is also a SBR key level area. Before killing all buyers making a 300 pips drop. Only to close the week at 1846.
This is a clear picture for us to learn. The Trend was really your true friend if you had respected it.
Thank you. Like and Follow me. Have a good weekend.
Gold/XAUUSD ~ 4H Swing Chart (Oct 2023)TVC:GOLD chart mapping/analysis for short-term swing trade strategies.
Gold/XAUUSD ~ Daily Swing Chart (Oct 2023)TVC:GOLD chart mapping/analysis for med-long term swing trade strategies.
🚨🥇Gold🥇 will continue to Fall🚨✅Gold managed to break the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and support line yesterday by Bearish Marubozu Candle .
🌊According to Elliott Wave theory , Gold is completing the Double Three Correction(WXY) .
🌊Currently, Gold is on the way to complete microwave C of the main wave Y after breaking the 🟢 Support zone($1,904.260-$1,886.49) 🟢.
🔔I expect Gold to fall to the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and the support line to the 🟡 Price Reversal Zone(PRZ) 🟡 after the pullback.
Gold Analyze ( XAUUSD ), Daily 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.
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GBPJPY buyas our last idea has not gone up to the mark and we have taken a long position as we have seen a double piercing patteren or failed bullish engulfing price is forming another bullish candle
