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Goldtradingstrategy

XAUUSD:29/8 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2550, support below 2450 Four-hour resistance 2525/2550, support below 2494 Gold operation suggestions: Gold's downward momentum last night was very strong, but the energy of the early morning rebound was also relatively strong. At present, the low point of the medium-term trend of the gold hourly line has been in a continuous downward stage. The disk shows a trajectory of weak and oscillating decline, but it began to stabilize and rebound near 2493 yesterday. At present, the Asian session broke through the moving average pressure level and attacked 2521, and it is very close to the upper pressure level of 2526-2528! Need to wait patiently! Judging from the current trend of gold, the upper pressure remains around 2525-50, and the lower support remains around 2490-2494. Before the lower level fails to break, there may still be a period of range oscillation in the short term, and gold rebounds. If there is no breakthrough near 2525-30, you can go short. BUY:2494near SL:2490 BUY:2500near SL:2494 SELL:2528near SL:2533 ⚠️The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
OANDA:XAUUSD
by ActuaryJ
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices surged on Friday as the US Dollar and Treasury bond yields tumbled, driven by dovish comments from Federal Reserve Chair Jerome Powell. With the Fed signalling a policy shift and acknowledging that inflation is nearing the 2% target, the focus has turned towards achieving maximum employment. This backdrop has sparked renewed interest in gold among Western investors, especially as expected interest rate cuts could reduce the opportunity cost of holding the precious metal. In this video, we analyze the current market dynamics, showing why gold may not be overbought and why there’s potential for continued upward momentum. The CME FedWatch Tool indicates a 25 bps rate cut is fully priced in, with rising odds for a larger cut. We’ll dive into both the technical charts and fundamental factors that favor higher gold prices in the coming week. XAUUSD Technical Overview: This week, we're focusing on the $2,495 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #Gold #XAUUSD #Forex #FederalReserve #InterestRates #Inflation #TradingStrategy #MarketAnalysis #TechnicalAnalysis #Investing #ForexTrading #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
Gold analysis asian session august 29Gold structure in the Asian session on August 29. After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area. Pay attention to trading in the 2818-2511 zone in the Asian session
OANDA:XAUUSD
by TVS-Trader
GBPJPY trading signals✍️DCA stands for Dollar Cost Averaging - which means averaging the price, simply put, it is when a trader buys an asset many times at different prices. ✍️This is a very popular strategy in finance and cryptocurrencies. The main purpose of the averaging strategy is to effectively minimize investment risks. And increase profits when the market is trending. 🤑🤑In the GBPJPY signal, we had a positive DCA when the price broke out of the DOW zone and the resistance zone at 190.700. The DCA point went in the right direction and brought great profits for the two signals.
by TVS-Trader
XAUUSD: Buy bullish in 2500-2505 area, target 2530Gold fundamentals: The US dollar continued to fall, closing at a low of 100.55, and fell 3.2% in August, the largest monthly drop since November 2022, which significantly increased the attractiveness and demand for gold. The market's expectation of a rate cut in September is almost a foregone conclusion. The current focus is on the possibility of a 50 basis point rate cut. Rate cuts usually reduce the opportunity cost of holding gold, making gold more attractive as an interest-free asset. In addition, Powell's dovish signal at the Kansas City Fed meeting has boosted demand for non-US dollar wealth storage tools. Futures traders expect a cumulative rate cut of about 106 basis points in 2024, which further enhances the market's bullish expectations for gold. At the same time, the escalation of geopolitical conflicts in the Middle East and Russia-Ukraine has intensified the market's risk aversion and further promoted demand for gold. Gold technical aspects: In yesterday's gold analysis, I clearly mentioned the support strength of the 2500-2505 area, and this area has resisted the decline for many times without breaking, so we can still continue to believe in the support of this area. If it retreats to this area during the day, you can consider buying again. Of course, we still need to consider the precautionary actions after the break here. Combined with the above analysis, my trading strategy today is similar to yesterday, as follows: First of all, the main bullish, as long as the gold price retreats to the 2500-2505 area, you can consider buying, the target is 2530, 2550 On the contrary, if it effectively falls below 2500, you can choose to sell near 2500. What needs to be noted here is the effective break, not the false break If you have different opinions or questions, please speak up, let's discuss the latest ideas of GOLD together
OANDA:XAUUSDLong
by AntonyTP
2
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with a repeat of yesterdays action. We had another cross and lock above 2513 opening 2525, which was hit once again. This followed with no ema5 lock above 2525 confirming the rejection into the 2500 range, which once again gave multiple bounces, as analysed inline with our plans to buy dips. We will now once again look for another 2513 re-test and further cross and lock above to re-open the range above or a cross and lock below 2500 to open the full retracement range. Currently we are continuing to use the support above 2500 to buy dips. 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 2513 - DONE EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET 2525 - DONE 2535 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 EMA5 CROSS AND LOCK BELOW 2484 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
OANDA:XAUUSD
by Goldviewfx
7
XAUUSD: Today’s Market Analysis and StrategyGold technical analysis Daily resistance 2550, support below 2450 Four-hour resistance 2550, support below 2494 Gold operation suggestions: Gold retreated slightly after opening yesterday, and then retreated again, reaching a maximum of around 2527, approaching the previous high point, but unfortunately, the bulls did not break through the high point again, but retreated under pressure. The current market is still in a weak form, and we need to wait for the confirmation of the European session before we can confirm the long and short direction in the later period. From the current trend of gold, the upper pressure is maintained at around 2518-20, and the lower support is maintained at around 2494-2500. The current price is still in the middle, and the long and short still need to wait. The ideal entry time needs to wait for the European session to give a direction, and then trade in the US session. Before the lower position fails to break, it may continue to fluctuate in the short term. BUY:2494near SL:2490 BUY:2500near SL:2494 SELL:2518near SL:2523 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
OANDA:XAUUSDShort
by ActuaryJ
Gold Analysis August 28☘️Fundamental Analysis Gold prices lost steam amid a modest recovery in the US dollar (USD) on Wednesday. However, escalating geopolitical tensions in the Middle East could help limit losses. In addition, US Federal Reserve (Fed) Chairman Jerome Powell's speech at the Jackson Hole symposium last week, signaling that it was "time" to start cutting interest rates, could support the precious metal as it reduces the opportunity cost of holding non-interest-bearing assets. Investors will pay closer attention to speeches by Fed officials Christopher Waller and Raphael Bostic on Wednesday for some hints on the path of US interest rates. Attention will also turn to preliminary data on US annualised GDP for the second quarter (Q2) and the Personal Consumption Expenditures (PCE) price index, due on Thursday and Friday. Better-than-estimated results could lift the US Dollar (USD) and limit upside in USD-denominated Gold prices. ☘️Technical analysis Gold is retreating from the closing level of 2424, currently gold is approaching the important area of ​​2509. When breaking this area, lower areas can pay attention to trading in the European session around 2503-2495. Today, the main plan is to wait for buying to break ATH. On the contrary, if the price pushes to 09 and does not break, you can buy in the 09 area. If you cannot break this area in the European session, you can close the order. The candle closes above 2020 after the European session ends, consider finding a recovery point for DCA to buy the target to break ATH. Wish you a successful transaction. SELL scalp zone 2530 - 2532 stoploss 2536 SELL zone 2545 - 2547 stoploss 2551 BUY scalp zone 2496 - 2494 stoploss 2490 BUY zone 2485- 2483 stoploss 2480
OANDA:XAUUSD
by TVS-Trader
2
How I Nailed a Perfect Breakout Trade Using a Simple Strategy*The following Analysis is made by my Trading BOT* Analysis of Your Trade: Descending Channel: Formation and Breakout: The descending channel is well-defined, indicating a corrective phase following an impulsive move. The breakout above the channel suggests a potential reversal or continuation of the prior trend, which appears bullish. Entry Timing: You entered the trade after the breakout from the descending channel. This entry aligns with a strategy to buy at the break of a corrective pattern, capitalizing on the resumption of bullish momentum. Resistance Zone (Blue Area): Initial Resistance Encounter: The blue horizontal line represents a resistance zone where price consolidated and failed to break higher on the first attempt. This is a good spot to watch for confirmation of a breakout or reversal. False Breakouts: There are some upper wicks visible in this resistance zone, indicating possible false breakouts or liquidity grabs. This suggests that many traders might have been stopped out before the true breakout occurred. Price Action Post-Breakout: Sharp Move Down: After the breakout, price made a sharp move down to retest the previous resistance (now turned support), which aligns with the principles of market structure where old resistance becomes new support. Correction and Continuation: The downward move appears corrective in nature, forming a series of lower highs and lower lows within a descending channel, after which the price breaks out and moves upwards sharply. Risk and Reward Considerations: Stop Placement: If your stop loss was placed below the previous swing low or the bottom of the descending channel, this would be a strategic placement to avoid being stopped out by market noise. Take Profit: Your target seems to be well-placed, considering the previous highs or a key Fibonacci level. The green area likely represents the take-profit zone. Volume Analysis: Confirmation with Volume: The volume spike during the breakout from the descending channel and the subsequent move up indicates strong buying interest, which is a good confirmation signal. Key Takeaways for Future Trades: Pattern Recognition: Identifying descending channels and their breakouts is a strong skill that can be leveraged in various time frames. Risk Management: Your trade shows a good understanding of risk management, especially if stops were placed beyond significant levels to avoid market noise. Confirmation Signals: Waiting for volume confirmation during breakouts is an excellent strategy to avoid false moves. Suggestions: Multiple Time Frame Analysis: Ensure that your lower-time-frame trades are aligned with the higher-time-frame trends or setups to increase the probability of success. Post-Trade Analysis: Continue reviewing your trades like this to refine your entry and exit strategies, especially around key zones like support and resistance.
OANDA:XAUUSDEducation
by Adlercon333
8.28 Gold operation analysisGold hit the upper Bollinger Band in 4 hours, and the long orders at 2507 have made profits first. It is expected that gold will retreat to the vicinity of the middle band. Today, gold is likely to hit a new record high again. The daily line has three consecutive positives, and the bulls are ready to try to break the record high. The conservative approach is to wait for the gold price to fall back to the middle band again before we go long. In the strong upward trend of gold, do not buy the callback, and go long at will. Technology leads the direction, ideas lead the market, and accurate points are the key to success Trading strategy: Long gold near 2505, stop loss 2495, target 2540
TVC:GOLDLong
by David_strategy
1
XAU/USD 28 August 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 27 August 2024. -> Swing: Bullish. -> Internal: Bearish. As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS. Price has printed bullish CHoCH indicating bullish pullback phase initiation. Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK