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.
Goldtrade
XAUUSD 4HR Analysis + Trade Idea🚀💰 Gold's on a Roll ! 💰🚀
Last week, # XAUUSD hit an all-time high of $2529, only to take a dramatic dip back to the 2470-80 zone, finding strong support from the 50 EMA, dynamic trendline, and a key S+R order block. 📉🔄 But don't be fooled by this correction—gold is gearing up for its next big move! With factors pointing towards continued growth, we could see it break out of the $2500s in no time and aim for a whopping $3000 or even $5000! 📈✨
As we wait for tomorrow's statement from Jerome Powell, the market is buzzing with anticipation. Will gold continue its ascent? 🤔🔥 Keep your eyes on the charts! 📊👀
What's your next move? Let me know in the comments! ⬇️💬
First go long gold, then go short goldHello everyone, because I have been in the hospital for treatment and rehabilitation recently, I have not had time to update my trading ideas in recent days. I have completed all the procedures in the hospital today, and I can participate in the market again from today.
From the overall situation, after gold reached a high of around 2532, the bullish momentum slowed down, and gold showed signs of returning to the technical side, so gold has a need for correction and repair. However, according to the short-term rhythm, gold has been able to rebound in time after falling many times, and it has not effectively broken during the decline, so gold refuses to fall to a certain extent, and the buying force below is strong.
From the overall structure of gold, I currently divide gold into three areas as a whole. At present, gold is running in the first area. According to the profit and loss ratio, in terms of trading, I actually prefer to short gold at a high level; currently, gold has fallen to around 2485 in the short term, which is exactly at the dividing line between the first and second areas, and is also located in the short-term support area. Therefore, in terms of short-term trading, we can first consider going long gold in an appropriate amount; when gold rebounds to the middle and upper area of the first area, that is, after it is around 2510, we can then consider shorting 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. !
GOLD is Bullish.....Doesn't matter what you think at the end of the day, gold is still very much a bullish market and it will likely stay like that for sometime.
Yes It will probably come down a bit, but based on how the momentum is increasing I actually see, gold speeding up in terms of buys, but who knows right?
Have a good weekend guys, see you on monday
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
+718.00 USD Profit | Gold Creates New ATH (2500)I don't know anyone who would complain about making 700 usd in one day and I am not about to either, I'm quite happy with that as It is more than I asked for so I will be stopping here.
That being said, Gold continues to create new higher highs and break new boundaries.
I also would not be surprised if gold attempted to breach 2500 either
I did cover all of this live as well in my group BEFORE the fact and on the record so feel free to join that. Other than that, have a good one today guys
+$380 Dollars on Gold TodayYes gold is bullish, yes I sold gold, yes I took 2 losses, Yes I am still in profit at the end of the day.
The more I grow as a trader the more I realize that it is much more about what decisions you make as opposed to just what trades you take.
Yes the trades you take are important but ultimately you have to make a decision to take that trade in the first place right?
Have a great rest of your day guys
From 2475 to 2450, it is just the start!Brothers, gold fell back as expected. At present, gold has fallen below 2450 several times in the short term. The short-term short force is strong. At present, gold still has the potential to continue to fall. I am sure that gold will at least fall back to the 2435-2430 area, or even the 2420-2415 area.
In the past two days, I have been advocating and insisting on shorting gold in the 2470-2475 area, from shorting gold at the beginning, and then continuing to short gold. I am very much looking forward to a new round of gold decline. When most people are aiming at the 2500 position, I said that only by walking ahead of most people can we eat more cakes and make more profits.
So, have you followed my trading signals now?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. !
Continue to short gold and look forward to more returns!Although gold has been supported by the conflict in the geopolitical situation and market risk aversion has pushed up gold prices, it has never been able to touch the previous high near 2484, and even 2480 cannot be reached for the time being. Therefore, gold seems to be strong, but it is facing the resistance area of the previous high. , and it is difficult to cross easily.
Therefore, before gold breaks through the previous high, it is completely reasonable to fall back first to accumulate strength, which is more conducive to gold breakthrough. Therefore, I still don't recommend chasing gold directly at present. Regarding the risk of geopolitical situation, in order to avoid the outbreak of world war, I think all parties will effectively restrain themselves and the conflict will not escalate easily.
Therefore, in terms of trading, on the contrary, I still advocate shorting gold in the 2470-2475 area; if gold rebounds and touches the previous high area of 2480-2484, I will continue to increase my position to short gold, and then wait for a new round of gold decline. Only by walking ahead of most people can we eat more cake and make better 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. !
XAUUSD | Road to 2,500 PhasePrevious analysis has now near enough completed with a large bullish surge today making its way over 2 key quarter level phases with 2500 being the last of this phase section, after breaking through the previous days high gold now tests the all time high of 2,485 where there is a lot of pressure to break through already.
With various events happening this week such as the CPI, PPI + Retail Sales I think the final event on thursday could provide key insight into golds growth and how the precious metal stands out from the rest, it is noteworthy of paying attention to the upcoming PPI although only short term impact it can play important roles within the FED and further conditions.
What are your thoughts and ideas? Let me know below :)
Momentum, Timing and Probability - How to WinWinning Trades can be made easier when you learn to look at the market from a completely different perspective. We have to understand at some point that random strategies found on youtube and instagram aren't enough, there must be something else that we are missing.
Well this is it. I think most traders don't take in consideration.
Have a good rest of your day.
Gold Price MONDAY - Correction to Go Up⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on the gains from the past two days and traded within a narrow range during Monday's Asian session. A positive tone in the equity markets created some headwinds for the safe-haven metal, but several factors should prevent significant losses. The potential for escalating geopolitical tensions in the Middle East may temper market optimism. Additionally, dovish expectations for the Federal Reserve (Fed) are keeping US Dollar (USD) strength in check, which should offer support to gold.
⭐️ Personal comments NOVA:
Gold price at the beginning of the week was mainly sideways around the 2410 - 2440 range, slightly adjusted to continue the stronger uptrend during the week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2407 - $2409 SL $2402
TP1: $2415
TP2: $2422
TP3: $2430
🔥SELL GOLD zone: $2458 - $2460 SL $2465
TP1: $2450
TP2: $2440
TP3: $2430
⭐️ 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
Don’t worry, your short position will be profitable! .With certain buying support, gold was pushed up to around 2415, which was also the most positive day in the past two days. Do you still hold a short position in gold? What if the short position is in trouble?
In fact, I am not nervous about the rebound of gold. I think there is nothing logically wrong with holding a short position in gold, and I firmly believe that gold will fall back, at least around 2390. Do you think you will still be nervous about holding a short position in gold?
For the rebound of gold today, I think it is just a technical repair, and it is far from a strong reversal. In addition, gold is still facing suppression in the 2416-2420 area and the 2430-2435 area. Without the influence of major news, it is difficult for gold to form a technical support rise in a short period of time. Then the continuity of the gold rebound is not strong, and gold will fall again.
So I don’t think there is any need to worry about holding a short position in gold. On the contrary, we can’t easily chase more gold in trading.Are you still worried about your gold short position? If you don’t know how to solve the current difficulties, you can follow me.
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. !
Gold may still point to 2350, short gold!As of today, the high point of gold is near 2398, and it has not even crossed 2400. It is obvious that gold is still in a bearish trend. If gold cannot recover 2400, it has been confirmed that huang'jin has fallen below the last line of defense of the upward channel. In addition, in the 4-hour candle chart, there is a very obvious head and shoulders top pattern, and the current right shoulder position is near 2400. If gold cannot recover 2400-2405 in time, then gold will fall further. It may even touch the 2355-2350 area again.
Therefore, shorting gold is still the main trading strategy at present.
Are you facing the following difficulties now? You don’t know which point to choose to participate in the transaction. If you participate in advance, you are afraid of being too aggressive. If you participate too late, you are worried about missing the opportunity. If you try all these points, the market will face a very large retracement loss against the trend. If you are currently having trouble choosing,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.
Short gold using the 2410-2415 area as resistanceToday, gold rebounded to 2458, and then fell all the way, hitting the lowest point near 2365. We made a lot of profits in both long and short transactions today. First, we shorted gold near 2441, and gold hit TP: 2425 during the decline; when gold rebounded again, we shorted gold again near 2445 and 2452, and then we closed the position manually near 2439; then we chased short gold near 24117, and gold hit TP: 2398 during the decline; when gold fell to 2364 and showed signs of stopping the decline, we went long gold near 2366, and gold hit TP: 2380 again during the rebound. Then we chased long gold near 2390, and we closed the position manually near 2396.
At present, gold continues to rebound to around 2410. I think it is impossible for gold to form a strong reversal in a short period of time after a sharp decline. Gold will continue to fall after the rebound. At present, gold is facing short-term resistance in the 2413-2415 area. If gold cannot form an effective breakthrough, it will continue to fall!
So in terms of short-term trading, I still insist on shorting gold in the 2410-2415 area. What we have to do next is to wait for the rapid growth 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. !
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2458 Goldturn resistance and 2423, as Goldturn support.
We currently have a candle body close above 2438 leaving a gap open to 2458. However, ema5 above 2438 will further confirm this.
We also have 2438 and 2423 as bearish support targets and will need a cross and lock below 2423 to open 2407 and 2394. A further ema5 lock below 2394 will open the swing range for the extended swing.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET
2458
EMA5 CROSS AND LOCK ABOVE 2458 WILL OPEN THE FOLLOWING BULLISH TARGET
2475
POTENTIALLY 2491
BEARISH TARGETS
2438
2423
EMA5 CROSS AND LOCK BELOW 2423 WILL OPEN THE FOLLOWING BEARISH TARGET
2407
2394
EMA5 CROSS AND LOCK BELOW 2394 WILL OPEN THE SWING RANGE
SWING RANGE
2369 - 2359
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
In the NFP market, gold is expected to fall back, short gold!In the past two days, due to the expectation of the Fed's rate cut and the surge in risk aversion, the gold market has once again pushed up above 2460, and it is only one step away from the previous high of 2484. The rise looks particularly strong.
The bullish power of gold is relatively strong, but today NFP is the key to the short-term direction of the gold market. Compared with NFP, it may still be bullish for gold, but I think there is not much room for gold to continue to rise. It is obviously not advisable to directly chase gold now. So I think it is very likely that gold will rise and then fall in the future. If gold cannot break through 2480-2485 in the process of rising, then gold is expected to form an "M" top pattern and usher in a collapse and fall.
So in terms of trading, I would advocate shorting gold in batches in the 2460-2470 area and the 2480-2490 area, and then patiently wait for gold to fall back!
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. !
Choose to short gold firstAt present, gold has touched 2430 again. From a technical point of view, the candlestick chart is under pressure in the 2430-2435 area. Moreover, the Federal Reserve's interest rate decision will be announced soon, and gold may be in a bullish pattern before then. Moreover, the gold market has recently risen due to multiple speculations about interest rate cuts. Even if the Federal Reserve cuts interest rates as expected, gold will continue to fall after the good news is fully released. So in terms of short-term trading, first of all, I will still choose to short gold in an appropriate amount near 2430!
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. !
How Probabilities Help Me win Trades on GoldAs much as I want to tell you that there is some magic set up that works for me, Unfortunately I cannot because there isn't.
The more I look at my own trading over the many years that I've been doing this. It literally boils down to probabilities.
What is the probability that X will happen if Y happened. This is literally how I process everything and as you can see it works wonders.
In this video breakdown I show you even a new trade LIVE. Admittedly, I wouldn't have taken it because it would have been counter momentum but even GUESSING I could make it work because of probabilities.
The reality is that we overcomplicate what we do too much and this is really not needed.
K.I.S.S - Keep it stupid simple