Short gold near 2640 in the London marketShort gold at the opening of the market, waiting to verify the profit
2640 -2638 Sell
tp2630-2628
The transaction has been executed. Waiting for verification of profit.
OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! CAPITALCOM:GOLD
Just personal operation. For reference only.
Goldtradingstrategy
10,8 Technical Analysis of Gold Short-term OperationsAt the end of the Asian session on Tuesday (October 8), spot gold maintained its intraday decline, and the current gold price fell to around $2,627/ounce. Spot gold closed down 0.41% on Monday at $2,642.28/ounce.
There was no important data released from Monday to Wednesday to guide the market, but the speeches of several Fed officials need special attention, and then there is the September CPI data on Thursday, the initial jobless claims data for the week, and the minutes of the Fed meeting at 2 a.m.
From the daily level, a small negative column was recorded yesterday, and the price remained below the short-term moving average. The moving averages of other cycles were arranged upward. The Bollinger overall intended to close, the MACD double-line dead cross probed downward, and the green kinetic energy column increased in volume, which was in line with the K-line trend. The primary pressure above was around $2,650, which was close to the previous high. Below this, the daily line still tended to be short.
$2,650 is the first resistance, and further resistance upwards is near 2,660 (three points above and below). If the intraday rebound does not break through and there is no geopolitical situation to increase risk aversion to support it, the technical retracement and repair demand will continue. Further support below is $2,630. After breaking through, it can extend to the $2,620-2,618 range. In other words, today's trend is expected to retrace first. If it can retrace to the expected range, you can participate in the bullish trend.
xauusd / gold ideawe can see near 2653 there have a FVG market have to trigger that entry for sell side dip so once market trigger the area go for lower time frame minimum 5m so you can see a CHOCh on that area once you get CHOCh go for a sell fly
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GOLD / 2661 Key level...GOLD OUTLOOK
The price remains in a bearish trend towards 2,647 and 2,638 as long as it stays below 2,661.
For a bullish trend to take hold, stability above 2,667 is required, with a potential target of 2,680. and above it will get 2698
Key Levels:
Pivot Point: 2661
Resistance Levels: 2670, 2680, 2699
Support Levels: 2647, 2638, 2624
Trend:
- Bearish while below 2661
- Bullish above 2664
previous idea:
Gold May Fall to 2615.00 - 2625.00 (READ DESCRIPTION)Gold May Fall to 2615.00 - 2625.00
Pivot Point: 2650.00 – This level acts as key resistance, capping potential upside moves. A sustained break above it would indicate a shift in momentum.
Primary Strategy (Our Preference):
Entry Point: Short positions below 2650.00.
Target Levels:
2625.00: This serves as the initial downside target, indicating a potential decline from the pivot point.
2615.00: If bearish momentum continues, further downside towards this level is likely.
Alternative Scenario:
Entry Point: If the price moves above 2650.00, consider long positions.
Target Levels:
2659.00: A move higher could test this resistance level first.
2670.00: Further bullish momentum may drive Gold toward this higher resistance.
Technical Outlook:
RSI Indicator: Likely indicates bearish sentiment, suggesting a risk of further declines as long as resistance at 2650.00 holds.
MACD Indicator: May be below its signal line, reinforcing the bearish momentum.
Moving Averages: Gold is likely trading below its 20- and 50-period moving averages, suggesting continued short-term weakness.
Market Dynamics:
As long as 2650.00 remains resistance, further price declines are anticipated, targeting 2625.00 and potentially 2615.00.
A break above 2650.00 could shift momentum to the upside, with targets at 2659.00 and 2670.00, indicating a reversal of the current bearish trend.
Gold price analysis October 8Fundamental analysis Gold prices attracted some selling for the fifth consecutive day on Tuesday, falling to their lowest in more than a week, close to the $2,630 trading range support level in the first half of the European session. Friday’s upbeat US jobs report provides further evidence of a resilient labor market and forced investors to trim their bets on another aggressive rate cut by the Federal Reserve. This, in turn, was seen as a major factor undermining demand for the non-yielding yellow metal.
That said, a softening US dollar (USD), coupled with the risk of further escalation of geopolitical tensions in the Middle East, could provide some support to safe-haven gold prices. Traders may also refrain from placing aggressive bets ahead of the release of the FOMC meeting minutes on Wednesday. Additionally, the US Consumer Price Index (CPI) and the US Producer Price Index (PPI), scheduled for release on Thursday and Friday, will provide fresh impetus to XAU/USD.
Technical analysis
Gold price is pushed up to 2647 before the US session. Attention price zone 2649-2651. When the US session enters, the price cannot break this zone, we sell to 2622-2611. In case this zone breaks, we wait for retes BUY in the 2643-2645 zone, target today 2660. Wish you successful trading with the strategy and important price zones that I have noted.
Gold fluctuates at high levels, bullish resistance is still largGold intraday trend:
1. It is still likely to fall below 2640 during the day. If it reaches, it will easily break through and support the previous low of 2632.
2. The volatility has not changed. The market is not likely to continue. Both long and short positions can participate.
3. The upper resistance is still at 2660. There were 4-5 negative daily corrections in the previous volatility. The correction time has not reached the limit, so don’t worry about over-adjustment. In terms of price, the high point has only retreated 40-50 US dollars, which is a small range.
Short-term operation:
BUY: 2640 Target: 48---50
SELL: 2660 Target: 2645----40
Gold Wyckoff AnalysisGold's been on a stellar run with a strong campaign initiated at the start of September which broke out of a beautiful Wyckoff accumulation on the much higher time frame BUEC. Overall still very bullish for gold over the next 18-24months.
In the current price action we've had a strong push up from $2,590 where we have found a new trading range. We had a potential spring event that failed to breakout which shows some weakness in the market right now suggesting more of a distribution/selling/profit taking event.
Since this spring the range has tightened and tested both extremes of the range at the purple circles indicating no real support either way to rally further or sell of. The volatility is suggesting selling activity however we will not know until the range is completed. This smaller range can also be a test of the potential spring event
Expecting the market to show us an answer over the coming days as price continues to contract in a bearish fashion however this can still always mean 2 things, that
1. sellers are exhausted or nearing the end of taking profits and demand is strong
or
2. demand is weakening
Now looking for another potential spring event that dips below the prior one, if this shows any weakness and fails its going to be a sharp quick drop to the next high volume node at $2,580.
Trading opportunities to go long will be in the green circle in which will be a faster reversal given the location as this would also represent another higher time frame test of the consolidation breakout that happened at the start of September
or
At a successful spring event test back in the range.
or
The failure of a spring event not able to reclaim the range and going short to the next high volume node in the green circle.
Ultra-short-term buying. Quick trading guideThe position of 2641 may serve as a short-term rebound support. In the ultra-short term, you can buy with a small order. If the market reaches the position of 2635, you can add a second order. There is no major news to disrupt the market. Sell high and buy low is a suitable strategy for ultra-short-term operations. CAPITALCOM:GOLD OANDA:XAUUSD CAPITALCOM:GOLD COMEX_MINI:MGC1! COMEX:GC1! BINANCE:BTCUSDT
10.8 Analysis of short-term gold operationsIn the early Asian session on Monday (October 7), spot gold fluctuated in a narrow range and is currently trading around $2,640/ounce. Gold prices fell slightly after violent fluctuations last Friday, closing at $2,652.64/ounce, as the stronger-than-expected US employment report poured cold water on the Fed's expectations of aggressive interest rate cuts in November, boosting the dollar to a high of more than one and a half months, and US bond yields also rose sharply to a high of nearly two months, overshadowing risk aversion concerns over the tense geopolitical situation in the Middle East.
Technical level:
1: In 4 hours, BOLL shrinks, the range shrinks, and the range shrinks to the 70 range of 2642-26; in terms of indicators, the stochastic indicators and MACD indicators are all blunt, and the signals are unclear; in terms of form, it is a horizontal pattern, which is not the top high point;
2: In the daily K, the stochastic indicator crosses downward, which is a bearish adjustment signal; in terms of form, the time-for-space pattern, the market is relatively resistant to decline; the central axis gradually moves up, and the current track support of the central axis is around 2590, but it is expected to rise to around 2600;
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed.
We got the Bullish target hit at 2655 and then no ema5 cross and lock above the level confirming the rejection. You can see the ema5 turning just before the level to perfection confirming the rejection foe the move down.
We are looking for support above 2633 to confirm rejection for another re-test above at 2655 or a cross and lock below 2633 will open the range below.
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 for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2655 - DONE
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2674
BEARISH TARGETS
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE
SWING RANGE
2586 - 2558
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
Gold: May fall to 2625.00 - 2632.00 (READ DESCRIPTION)Gold: May fall to 2625.00 - 2632.00
Pivot Point: 2658.00
This level serves as a key resistance. As long as Gold remains below this point, the downside is expected to dominate.
Primary Strategy (Our Preference):
Entry Point:
Take short positions below 2658.00 with the following downside targets:
Target 1: 2632.00
The first support level where the price might find temporary relief.
Target 2: 2625.00
A continuation of bearish momentum could push the price towards this lower support level.
Alternative Scenario:
Entry Point:
If Gold breaks above 2658.00, expect the following upside targets:
Target 1: 2664.00
The price may rally toward this level if bullish pressure picks up.
Target 2: 2670.00
A further break above 2664.00 could lead to an extension toward this higher level.
Technical Outlook:
Resistance:
The resistance at 2658.00 is a key level. As long as it holds, there is a high probability that Gold will continue to move lower.
RSI Indicator:
The RSI is below 50%, indicating bearish momentum. As long as the RSI stays below this neutral zone, the downside risk is elevated.
Market Sentiment:
The overall sentiment suggests a bearish bias. As long as 2658.00 remains intact as resistance, look for downward pressure towards 2632.00 and possibly 2625.00.
Non-farm data is mixed, gold peaks in the short termThe non-agricultural data on Friday went up and down, and it was neither rising nor falling. The 4-hour moving average is sticking together, and it seems that it will break through this week and usher in a big market.
Gold has not reached its peak at all, and the 4-hour cycle is still one wave higher than the other. The only bad signal is that the 60-day moving average of the 4-hour cycle has been broken. We can see that in the previous wave of $150 increase, gold did not touch this moving average at all. This signal must be paid attention to.
The K-line signal is still bullish, and this wave of triangle consolidation is about to change. Technically, gold has not reached the top yet, and gold has one last rise.
Intraday short-term trading strategy:
Gold 2665 short stop loss 2670 target 2645---40
Gold 2633 long, stop loss 2623, target 2655---60
Sell gold in the ultra-short term. The room for decline is about $6 or more.
The price range of 2655-2652 is the top of the triangle pressure. Selling is the main method in the ultra-short term.
If you hold a loss order for a long time a CAPITALCOM:GOLD OANDA:XAUUSD nd don’t know how to deal with it, leave me a message.
Gold Price Analysis July 10Fundamental Analysis
Gold (XAU/USD) traded negative for the fourth consecutive day on Monday, despite no follow-through selling, remaining confined within a familiar range that has held for the past week or so amid mixed fundamental signals. Friday’s upbeat US jobs report dashed market expectations for more aggressive easing by the Federal Reserve, helping the US Dollar (USD) rise to near seven-week highs and weighing on the non-yielding yellow metal.
In addition, the underlying bullish tone across global equity markets further undermined safe-haven Gold. However, any meaningful corrective pullback remains elusive amid persistent geopolitical risks stemming from ongoing conflicts in the Middle East, which tend to favor the precious metal. Traders may also want to wait for the FOMC meeting minutes to be released this Wednesday and the US consumer inflation data on Thursday.
Technical analysis
Gold has bounced strongly from the session support zone of 2640. At the moment, the trading range of gold is relatively wide and the NF has not been able to help gold form a new specific trend. In the h4 or h2 time frame, the trading range is clearly seen at 2635 and 2670. When this range is broken, the price will form a new trend. Besides, we pay attention to the areas that are prone to fake 2625 and 2685.
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XAUUSD: 7/10 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2634-22
Gold operation suggestions: Gold fell slightly after violent fluctuations last Friday, closing at $2652.64, because the stronger-than-expected US employment report poured cold water on the Fed's expectations of aggressive interest rate cuts in November, boosting the dollar to a high of more than one and a half months, and US Treasury yields also rose sharply to a high of nearly two months, overshadowing the risk aversion concerns over the tense geopolitical situation in the Middle East. U.S. job growth accelerated in September, and the unemployment rate fell to 4.1%, further easing the pressure on the Fed to cut interest rates by another 50 basis points at the November 6-7 policy meeting. The overall technical aspects of gold prices continued to fluctuate in a wide range of long and short positions in volatile trading.
From the current short-term perspective, the upper 2675-85 area still forms a strong resistance and suppression area. At the same time, the 2634 area where it fell and stabilized last week is still effective. The lower 2622 daily level support is still bullish. In the short term, gold prices continue to maintain a wide range of long and short fluctuations before there is no news stimulus in the market.
BUY:2650near SL:2647
BUY:2634near SL:2630
BUY:2622near SL:2618
SELL:2666near SL:2671
Technical analysis only provides trading direction!
How to get rid of a sell order in hand ?If you make money, it's because of your good skills or luck. But how should you deal with orders that lose money?
Stop loss or continue to hold? It depends on whether the market continues to rise or fall. I personally think that the market will continue to fall. The main reason is that there is a lot of pressure from above.
CAPITALCOM:GOLD BITSTAMP:BTCUSD BINANCE:BTCUSDT
For investors who hold short orders, I suggest you continue to hold and wait for a suitable time to close the order. After all, after the stop loss, the loss is huge. Many people cannot accept it. Moreover, many people have different selling timings and positions.
Getting rid of the short orders in my hands is my only idea at present. Whether you are a novice or an investor who has been in the market for a long time, you will face this problem.
OANDA:XAUUSD
Judging from my more than ten years of trading experience, it is only a matter of time before the gold price falls. It is reasonable to mitigate the loss through other transactions in the short term. After all, as long as it reduces the loss, any method can be implemented.
Starting next week, I will share my real-time views and operation strategies one after another. If you want to recover your losses, keep paying attention. In this way, while you continue to pay attention to me, you will definitely get help and the answers you want.
Monday Market Analysis and SignalsGold prices fluctuated in a narrow range in early Asian trading on Monday and are currently trading around $2,647 per ounce. Gold prices closed slightly lower after a sharp fluctuation last Friday, as a stronger-than-expected US jobs report poured cold water on expectations of aggressive interest rate cuts by the Federal Reserve in November, boosting the dollar to a more than one-and-a-half-month high, and US Treasury yields also rose sharply to a nearly two-month high, overshadowing risk aversion concerns over the tense geopolitical situation in the Middle East.
Last week, gold prices struggled to make decisive moves in either direction as the strength of the US dollar offset the growing safe-haven demand for gold. Developments surrounding the Middle East conflict and US inflation data may drive gold prices this week. On the other hand, if the minutes reflect that policymakers are open to further significant rate cuts when data show a recession or a deteriorating labor market outlook, the dollar may come under pressure and drive gold higher.
This week, global financial markets will usher in a series of major events, with the release of the Federal Reserve minutes, US September inflation data, and the earnings reports of major banks all becoming the focus of investors. US stocks are hovering at high levels, and the future direction depends on the performance of these key data. In addition, the return of the Asia-Pacific market, Tesla's important activities, gold's safe-haven demand and geopolitical risks in oil prices will also play an important role in driving market volatility.
Gold triangle consolidation, range oscillation. After the release of NFP on Friday, gold fluctuated widely and closed above the middle position of 2650. A wide range of fluctuations was formed in the range of 2670-2630. It is expected to be adjusted in this range at the beginning of the week. Technically, the daily MA10/7-day moving average is glued at the current position of 2653, the four-hour chart Bollinger band closing moving average is glued, and the RSI indicator is adjusted in the middle axis. Gold maintains a wide range of fluctuations. Sell high and buy low in operation!
Asian trading strategy:
2631-2633 long, stop loss 2622, target 2650-2660;
2667-2670 short, stop loss 2679, target 2630-2640;
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 in a new rage but just like last time we were able to generate accurate levels to use for the coming week.
We are seeing price between two weighted levels. We have 2674 Goldturn resistance and 2650, as Goldturn support.
We currently have a gap above on market open at 2655 and below at 2633 and will need ema5 cross and lock on either weighted level to determine the next range.
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 for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2655
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2674
BEARISH TARGETS
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE
SWING RANGE
2586 - 2558
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
POSSIBLE SCENARIO FOR XAUUSD THIS WEEK!As we know gold is still in a strong uptrend.
When we look dating from 23/09/24 till 26/09/24 gold as hit several ATHs and retraced back down to its PREV BUY ZONE to continue its uptrend.
With new data being released around the dollar and war conflicts in the Middle East gold has been unsure of its direction causing it to range between the BUY/SELL ZONE.
The strong levels I would take from this are
- 2625
- 2640
- 2670
I think if gold can continue its sudden bearish momentum its had after hitting its ATH then we can see 2625 being retested and if a sudden break of that we may see more down side.
the other scenario is gold bounces off the 2625 for the third time in 3 weeks and continues its run in the bull market.
This is just my analysis and not financial advice.
Good luck trading
Hit the rocket for more analysis’s for the rest of the year.