9.12 Gold Short-term AnalysisGold has been going up and down, but it still hasn't broken through the historical high. Gold is under pressure from the historical high resistance, so short at high, if it breaks through, follow up and go long, gold rebounds first under pressure
Gold's 4-hour moving average is still dead cross short arrangement, gold's 4-hour high point long structure, gold rebound high pressure historical high resistance, so continue to short, gold rebounded 2525 in the morning, continue to short, if it breaks through the new high, follow up and go long, the market is looking at the present, the market is also looking at what kind of operation is corresponding, gold has not broken through the new high in one fell swoop, the high point is reasonable, so it is reasonable to continue to short at high
Today's focus:
The main refinancing interest of the European Central Bank in the euro zone to September 12
The number of initial jobless claims in the United States for the week ending September 7
The annual rate of the US PPI in August
The monthly rate of the US PPI in August
Goldtradingstrategy
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Our 1H chart is once again representing level to level, inline with our plans to buy dips.
Monday we stated that 2495 support target was hit and we were seeing price bounce off the retracement range to head towards 2506 bullish target.
- This was hit perfectly followed with ema5 cross and lock above 2506 opening 2523, which was also hit perfectly. No further lock above 2523 confirmed the rejection back to 2506 weighted level now turned support, providing the bounce, as per our analysis.
We will now see price play between 2506 and 2523 and will need ema5 lock to confirm breakout or fadeouts
We will continue with our plans to buy dips and keep note of any unfilled gaps below, which helps us plan to buy dips accordingly.
However, as always each of our weighted levels gave the 30 to 40 pip bounces, as analysed and played out perfectly!
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
2506 - DONE
EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET
2523 - DONE
EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET
2535
POTENTIALLY 2547
BEARISH TARGETS
2495 - DONE
EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2482
EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE
SWING RANGE
2472 - 2461
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
A sharp reaction to the news A sharp reaction to the news
The XAU/USD market is driven by several macroeconomic factors, including interest rates, inflation expectations, geopolitical tensions, and overall risk sentiment in global financial markets. To understand how the price of XAU/USD might behave in the near term, let's examine the key factors at play:
1. Current Market Environment:
Global Inflation: Persistently high inflation typically supports gold prices as gold is considered a hedge against inflation. If inflation remains elevated, investors might continue to seek gold as a store of value.
US Dollar Strength: Gold prices are inversely related to the US dollar. A strong dollar can push gold prices lower as gold becomes more expensive for buyers in other currencies. Conversely, if the dollar weakens, gold prices can rise.
Interest Rates: Central bank policies, particularly the US Federal Reserve's stance on interest rates, play a significant role. Higher interest rates increase the opportunity cost of holding gold (which doesn’t pay interest), potentially leading to lower demand. On the other hand, a dovish stance or rate cuts support gold prices.
CPI blockbuster data hits, will it break through or fall again?At present, the controversy over whether the Fed will cut interest rates by 25 basis points or 50 basis points in September is still uncertain. Since March this year, the US CPI data has continued to decline, and this CPI is the last heavy data before the Fed's September meeting, and it is also the last chance to shake the expectation of interest rate cuts. As of now, the market expects a 69% probability of a 25 basis point rate cut in September and a 31% probability of a 50 basis point rate cut. Therefore, the results of today's CPI data release are likely to affect the sharp fluctuations in gold.
Regardless of the results of today's data release, we must be cautious in trading, because the results of large fluctuations are difficult to judge. At the same time, in addition to the direct impact on the economy, it will also affect the expectations of interest rate cuts. At that time, the large fluctuations in gold prices up and down also need to be prevented.
As can be seen from the 4H chart, there is a strong resistance near the 2530 line. So far, it has failed to break through 7 times. Whether it will fall again or set a new high depends on the results of the CPI release.
Here I give the following trading strategies for your reference:
The first option is to sell at a high level, with a target of around 2505.
The second option is to wait for the price to fall back to around 2505 and buy.
Analysis of 9.11 Gold Short-term Operation StrategyGold fell as expected and we entered the market to short sell 4 times, earning a total of 24,000U
When gold rebounded, we insisted that the high position would not break the historical high, so we would short sell. Gold was directly shorted at 2523, and the gold article also directly publicly suggested shorting at 2525. Gold fell sharply as expected and continued to build a top structure at a high level. It continued to short sell when it rebounded.
Gold did not break through the new high many times in 4 hours, and there were multiple top structures at high levels. It can be seen that gold has heavy resistance at high levels and may fall back under pressure at any time. Gold rebounded in the US market and continued to short sell.
Going against the trend, if you don’t advance, you will retreat. Gold has risen and fallen many times, and there is nothing special. It should be difficult for gold to directly set a new high in a short time. Gold rebounds and short sells.
US trading operation ideas:
Gold 2515 short, stop loss 2525, target 2505--2500
XAUUSD: Before CPI is announced, buy if 2500 does not breakFrom the hourly chart, we can see that the 0.5 Fibonacci retracement is 2507, and the swing level of 2500-2505 has now formed a breakout pattern, so this range has now turned into support. Now as long as it can break through 2507, the gold price is likely to form a high again and try to touch the 2530 line.
So far this week, the volatility is not large. The market seems to be waiting for tomorrow's CPI data. Before the release of CPI, there is almost no data that can affect the trend of gold. Therefore, I think before CPI, the support below is solid.
The key is to look at the 2500 integer mark. As long as it is not broken, I will be bullish before CPI.
Analysis of 9.11 Gold Short-term Operation StrategyOn Tuesday, the US dollar index fluctuated above the 101 mark and finally closed up 0.03% at 101.67. US Treasury yields continued to fall, with the benchmark 10-year Treasury yield closing at 3.650%; the two-year Treasury yield, which is more sensitive to monetary policy, finally closed at 3.607%. The Dow Jones Industrial Average closed down 0.23%, the S&P 500 rose 0.45%, and the Nasdaq rose 0.84%. Major European stock indices closed down across the board, with the German DAX30 index closing down 0.96%; the British FTSE 100 index closed down 0.78%; and the European Stoxx 50 index closed down 0.66%.
Risk Warning on Wednesday
☆At 14:00, the UK will release the monthly GDP rate for the three months of July, the monthly rate of manufacturing output in July, the seasonally adjusted commodity trade account in July, and the monthly rate of industrial output in July;
☆At 20:30 Beijing time, the United States will release the August CPI data. The market expects its annual rate to fall from the previous value of 2.9% to 2.6%, and the monthly rate will remain unchanged at 0.2%; in terms of core CPI, the market expects the annual rate to be 3.2% and the monthly rate to be 0.2%, both consistent with the previous value;
☆At 22:30, the United States will release the EIA crude oil inventory for the week ending September 6, and the market expects an increase of 764,000 barrels of crude oil;
☆At 1:00 the next day, the United States will hold a 10-year Treasury auction until September 11.
The US CPI in August will rise by 0.2% month-on-month and 2.6% year-on-year, lower than 2.9% in July. If confirmed, this data is likely to strengthen market expectations that the Fed will cut interest rates by 25 basis points at its September 17-18 meeting.
The probability of a 25 basis point rate cut by the Fed at next week's meeting is 67%, and the probability of a 50 basis point rate cut is 33%. Although market expectations for rate cuts are divided, overall, investors generally believe that the Fed will make at least one super-large rate cut this year.
Traders in the U.S. interest rate options market are still betting that the Fed will make at least one super-large rate cut this year, although it may not be before the presidential election on November 5. Recent options activity related to the secured overnight financing rate shows that traders are increasingly positioning for a 150 basis point rate cut by the Fed before the January 29 policy decision.
Geopolitical factors have also had an important impact on the gold market. Recently, Ukraine launched drone attacks on several regions of Russia, and the Russian Federal Investigative Committee has initiated a criminal case. The escalation of this situation may lead to increased market concerns about the global economy, thereby driving demand for safe-haven assets such as gold.
In addition, tensions between Israel and Hamas continue to develop. Israel proposed that Hamas leader Yahya Sinwar leave Gaza safely in exchange for the organization releasing hostages. This change in the situation may have an impact on the stability of the Middle East, thereby causing fluctuations in global market sentiment.
Gold prices continued to rise on Tuesday, rising for two consecutive trading days. Currently, U.S. Treasury yields continue to weaken, hitting a 15-month low, providing momentum for gold prices to rise; the geopolitical situation remains tense, which also attracts safe-haven buying to support gold prices. Today's short-term focus is on the support area of the 1-hour rising trend line below, and go long on gold after the correction stabilizes. At the same time, investors need to pay close attention to the impact of the upcoming CPI data on the trend of gold.
Gold Analysis==>>Double Bottom Pattern==>>Short termGold is near the Heavy Support zone($2,484-$2,431) and moving Support lines .
In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Double Bottom Pattern .
Also, Regular Divergence (RD+) between Consecutive Valleys .
I expect Gold to rise to at least $2,518 .
Gold Analyze ( XAUUSD ), 15-minute 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Analysis of 9.11 Gold Short-term Operation StrategyCPI is coming, gold will break today
In the early Asian session on Wednesday (September 11), spot gold fluctuated in a narrow range and is currently trading around $2517.96/ounce, maintaining overnight gains. Gold prices continued to rise on Tuesday, closing at $2516.53/ounce, up about 0.42%, rising for two consecutive trading days. U.S. Treasury yields continued to weaken, hitting a 15-month low, providing momentum for gold prices to rise; the geopolitical situation remains tense, which also attracts safe-haven buying to support gold prices.
At present, market participants are preparing for the release of U.S. inflation data to find further clues to the extent of the Fed's interest rate cut next week.
Gold is still within the range we talked about yesterday. Short-term indicators are basically flat. In the short term, there is still no significant change. It is expected that the evening CPI data will be needed to break the range. The current range has been compressed to run in the small range of 2500-2520, and the space is getting smaller and smaller. In fact, the smaller the space fluctuation, the closer the time to open the situation later.
From the 4-hour chart, the gold price is in a high-level box oscillation. I prefer a downward breakthrough in the general direction. At present, gold has reached the top of the mountain. Going long is equivalent to chasing at the top of the mountain. The profit and risk are not proportional. Focus on the support position of 2500-2498 during the day. Yesterday, the lowest retracement reached 2499, so this can be used as the dividing point for today.
Detailed intraday operation strategy:
Short gold rebounds at 2525, defend at 2533, target 2515-2500
Go long gold at 2480, defend at 2472, target 2490-2500
XAUUSD H1 Time Frame Analysis.Greetings, traders! 🕰️
Here's a comprehensive analysis for the XAU/USD (Gold) pair on the H1 (Hourly) timeframe. We've identified three potential sell zones that could offer lucrative trading opportunities. Please review the levels and targets outlined below:
🔍 Sell Zones:
Zone 1: $2506.50 - This level has demonstrated resistance in previous price actions, making it a key area to watch for potential sell signals.
Zone 2: $2519.30 - A slightly higher resistance level that could act as a strong barrier. Be attentive to price behavior around this point.
Zone 3:
🚀 Targets:
Target A: $2485 - A significant support level where price could potentially find a bounce or show signs of a reversal. Monitor for any price action signals around this level.
Target B: $2473 - A deeper target where further downside potential could materialize. This level provides an extended profit-taking opportunity if the bearish trend continues.
📈 Risk Management:
Ensure to set appropriate stop-loss levels to protect your capital. Consider placing stop-loss orders just above the identified sell zones to manage risk effectively.
Adjust your position sizes based on your risk tolerance and trading strategy to maintain a balanced risk-to-reward ratio.
📉 Additional Notes:
Keep an eye on market news and economic events that could impact Gold prices. Volatility can significantly influence price movements, so stay informed and ready to adjust your strategy as needed.
Happy trading and may your trades be profitable! 🌟
Feel free to ask any questions or share your thoughts below.
Analysis of 9.11 Gold Short-term Operation StrategyGold, if it rebounds to 2520, go short directly. Don't wait until you see a decline before chasing it. It is easy to be buried at the low point. The top and bottom conversion pressure is at 2500-2505 US dollars.
The continuity of the short position is as bad as ever. It took less than two hours to end the battle from 2500 US dollars to 2485 US dollars yesterday.
After that, all rebounds are to lure shorts. As long as there is no participation in shorts in the Asian session, there will be no chance in the European and American sessions. It finally rose to 2507 US dollars, an increase of 20 US dollars.
Every decline that seems to be unfavorable factors quickly recovered the lost ground, including the panic selling on Tuesday last month after the non-agricultural data.
Gold is brewing a huge market. The volatility in the past few days is just confusing behavior. It won't be long before the unilateral market will come, especially the Federal Reserve's interest rate decision on September 19 and the US CPI inflation data for August on Wednesday.
The Federal Reserve is now in a "silent period". Behind the seemingly calm, as long as someone shouts: Fire. Then the whole market sentiment will be ignited instantly. Don't be too attached to the current range-oscillating market. Generally, it's good to hold 15-20 US dollars.
Now, the gold price is in a high-level box oscillation. I prefer an upward breakthrough in the general direction. The position of 2530 US dollars is not the top. Once it is broken, it will go straight to 2600 US dollars. However, the ideal position to participate is the area close to the lower track of 2480 oscillation, rather than chasing on the top of the mountain.
Today's focus is the annual rate of the US unadjusted CPI in August and the US EIA crude oil inventory for the week ending September 6.
Today, first pay attention to the support position of 2500-2498. Last night, the US market tested the support of 2493, so this can be used as the dividing point for today's day, and then participate in the short-term rebound upward and pay attention to 2515-2518,
XAUUSD - GOLD - Scalping Mode! 10th SeptLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the chart today with our 4H chart also playing out perfectly. We got our 1H chart 2506 target hit yesterday and now today we got our 4H chart target at 2517 hit perfectly with precision.
We are seeing price between two weighted levels. We have 2517 Goldturn resistance and we have 2493, as Goldturn support.
Both 2493 bearish and 2517 Bullish targets complete. We will now need to see ema5 cross and
lock either level to determine 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
2517 - DONE
EMA5 CROSS AND LOCK ABOVE 2517 WILL OPEN THE FOLLOWING BULLISH TARGET
2536
POTENTIALLY 2550
BEARISH TARGETS
2493 - DONE
EMA5 CROSS AND LOCK BELOW 2493 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2468
2438
EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE
SWING RANGE
2416 - 2389
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 2,538$, Sept 24'. Sharp Decline follows ContinuationHello Traders. This is my analysis of Gold for the medium term. We have CPI forecasted to decrease tomorrow and IR anticipated to be cut next week. We may observe heavy volatility and opportunity in the market.
CPI
Consumer Prices have been decreasing
/cooling all summer
24'
Labor Market began strong but has
progressively cooled though Summer 24'
Additionally, the Labor market began relatively
strong through Q1 and Q2 24' but has eased into
Q3
Interest Rates have remained the same through
the summer 24' and remain unchanged since Sept 23'
KOG's RED BOXES - GOLD KOG's RED BOXES
Expecting a choppy day with ranging price action.
Key levels 2512 resistance and 2500 support.
KOG's bias for the week:
Bullish above 2485 with targets above 2510, 2515 and above that 2530
Bearish on the break of 2485 with targets below 2477 and below that 2465
Please check our previous posts on RED BOXES for instructions on how to use them.
As always, trade safe.
KOG
XAUUSD 09102024 30mPrice is still ranging on the HTFs. The daily candle on September 9 closed bullish at 2506.94 .
On the LTFs, price is ranging between 2507.15 and 2500 . This is a high-risk range, so no trades will be executed within this zone.
I will wait for potential buys above 2507.15 , targeting the daily resistance at 2516 and the 30-minute resistance at 2522.35 .
I will look for potential sells below 2500 , targeting the 4-hour support at 2492 , with further downside targets at the 30-minute support of 2486 , or the previous daily low at 2485 .
9.10 Analysis of gold short-term operation strategiesIsrael airstrikes Syria, gold price regains 2500 mark: gold price may consolidate in the short term
On Monday (September 9), spot gold rebounded sharply after falling to $2485/oz, and finally closed above 2500, closing at $2506.04/oz. ,, Gold prices soared above $2500/oz on Monday as traders prepared for the release of the US August inflation report and looked for hints that the Federal Reserve would cut interest rates by 50 or 25 basis points. Gold traders ignored the overall strength of the US dollar. The US dollar index, which measures the performance of the US dollar against six currencies, rose by more than 0.30%.
The probability of a 25 basis point rate cut by the Federal Reserve in September is 73%, while the probability of a 50 basis point cut is 27%.
At the end of the Asian market on Monday, spot gold fell to $2485.48/oz, hitting an intraday low. Gold prices then continued to rebound. As of the close of Monday, spot gold climbed $8.84, or 0.35%, to $2,506.09 per ounce.
The situation in the Middle East remains tense, which provides momentum for gold prices to rebound.
Israel's air strikes on central Syria on September 8 local time killed at least 14 people. The Iranian Foreign Ministry spoke out on September 9 local time, condemning the Israeli army for launching a "criminal attack" and calling on Israel's supporters to stop arming it.
According to the Israeli Times, citing Syrian media reports, Israel launched a series of attacks on several areas in central Syria on the night of August 8 local time, killing at least 14 people and injuring 43 people
This may become a trigger for the gold trend!
How to trade gold?
Gold prices resumed their upward trend and broke through $2,500 per ounce, but gold prices are still below $2,510 per ounce, and buyers seem to have failed to accumulate momentum.
Momentum remains bullish, but gold may consolidate in the short term before resuming its upward trend or turning downward. The relative strength index (RSI) is almost flat, indicating that neither buyers nor sellers are in control of the situation.
If gold climbs above its year-to-date high of $2,531/oz, it could push it to challenge $2,550/oz. If it breaks through the latter, the next target will be the psychological level of $2,600/oz.
If gold falls below $2,500/oz, the next support level will be the August 22 low of $2,470/oz.
If gold falls below $2,470/oz, the next support area will be the confluence of the May 20 high (which has turned into support) and the 50-day simple moving average (SMA), between $2,450-2,440/oz
The possibility of the Fed cutting interest rates by 25 basis At the beginning of the trading session in the US market, world gold prices increased, and consultants strongly bought gold. The US August jobs report was bullish, giving the US Federal Reserve's (Fed) main currency comfort expectations increasingly high.
Experts say that the number of new jobs in August reached 142,000, lower than the 160,000 jobs previously expected. This has important implications for the Fed's monetary policy.
Furthermore, the unemployment rate decreased slightly from 4.3% to 4.2% but remained high compared to the 3.8% rate recorded a year earlier. The total number of failures has increased from 6.3 million to 7.1 million in the past year, a radical index over the past 3 years, which is building up the Fed's impending interest rate cut.
Experts say that the direction of gold in the near future still depends mainly on the Fed's interest rate policy. If the next US economic data is still good, it will cause the Fed to cut more. This helps gold prices reach new heights.
GOLD Buy Off 2504 S&RLast week NFP pushed the price further down than I had expected. I had missed the initial push-up, and fortunately, I canceled my buy order and went on standby. But as with recent developments, the sell failed to go lower, even with volume, so I decided to do a second attempt at the buy, at my earlier price level.
Gold (XAU/USD) Short Setup on 1-Hour ChartGold Short Setup – Targeting 2,480-2,470 Area Following Friday’s Selloff
After a significant selloff in Gold (XAU/USD) on Friday, we are looking to continue the bearish trend into the new week. The market has shown weakness, and we aim to capitalize on this by targeting the 2,480-2,470 area if the opportunity presents itself. If market conditions change, we will adjust our strategy accordingly.
Technical Analysis:
• Continuation of Downtrend: The recent selloff suggests strong bearish momentum, with Gold breaking through several support levels. We expect this trend to continue as the market digests Friday’s moves.
• Target Zones: The 2,480-2,470 area represents the next logical support level, where we anticipate potential profit-taking or a reversal if the market reaches this zone.
• Entry and Risk Management: Enter short positions with an initial stop-loss above the recent swing high. As the trade progresses, consider moving the stop-loss to breakeven or into profit to protect gains.
Fundamental Analysis:
• Market Sentiment: The current market sentiment is bearish for Gold, driven by a stronger USD and potential tightening monetary policy. This is likely to continue pressuring Gold prices.
• News and Events: Keep an eye on any economic data or news that might impact USD strength or Gold demand, as these could influence the trade.
This short setup leverages the ongoing bearish momentum in Gold, with a clear target in mind. As always, stay flexible and ready to adjust based on how the market evolves.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.