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Goldtrend

Gold price in early February, sideway, stable accumulation ✍️ NOVA hello everyone, Let's comment on gold price next week from 5/2 - 9/2/2024 🔥 Identify: After the information that interest rates will continue to remain the same and not decrease in March. Selling pressure has increased, Gold prices have not been able to have strong growth and continue to sideway above the $2000 price range. Some important news worth noting this week are: Fed Chair Powell Speaks, PMI, Unemployment Claims,.. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2050, $2060 Support : $2001 🔥 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
OANDA:XAUUSDShort
by Nova-Scalper
3
XAU/USD Shorts from 2052.000 or 2072.000 back downMy outlook for gold this week leans towards a potential retracement following its recent upward bullish momentum. I anticipate a temporary sell-off from the 15-hour supply zone I've identified, or a scenario where the equal highs gets taken and reaches the 4-hour supply zone above. Additionally, there's a trendline forming below, coupled with numerous untouched Asian lows. While this temporary bias diverges from my overall outlook, I'm particularly intrigued by the possibility of a significant buying opportunity around the 1990.000 level. Should the price not reach that point, I'll patiently await for a new, clear demand zone to consider as a potential buying opportunity. Confluences for Gold Sells are as follows: - Price swept liquidity and formed a 15-hour supply zone that's been unmitigated. - Nice trendline liquidity has been building below that needs to get taken. - Lots of Asian lows below as well as a daily demand that needs to be mitigated. - Price has been moving very bullish and is due for a pullback/retracement. P.S. Given that this is a counter-trend concept, I'll exercise extra caution and ensure that all my confirming factors align before proceeding. Additionally, I'll reduce my risk accordingly. The objective is to initiate sells aiming towards a better demand zone. HAVE A GREAT WEEK TRADERS!
OANDA:XAUUSDShort
by Hassan_fx
2
Gold price encounters resistance, current price is 2056SellThe price of gold is still in a volatile trend. Yesterday, it fell rapidly to the support of the trend line. Although the trend line was broken, it was in fact an inertia break and was not effective. The subsequent rapid rise has caused the gold price to return to the volatile range again, and we also made a very good profit by buying at 2032 yesterday. It is currently in the upper range of the volatility, so we can sell it at the current price of 2056! From a technical point of view, the current negative line of the one-hour K-line is reversed, and the short-term trend is weak. The support of the bottom moving average and the trend line deviates too much from the gold price. In the short-term, the gold price has a need to fall back. The short-selling trend reaches the bottom of 2040 and then the trend line support is reached. Make further layout! Specific strategy: Gold 2056Sell, target 2042-2040 Good luck to everyone
OANDA:XAUUSDShort
by Golden-Strategy-Master
GOLD-Wait for the trend to become apparent Today we need to pay attention to the US non-farm payroll data, which will affect the market trend. Gold reached a maximum of 2065 yesterday, and now it has been hovering around 2055. This means that the market has not yet chosen a good direction. What we need now is not aggressive trading, but waiting patiently, waiting for the data to be released, and then trading with the trend. As can be seen from the 4H chart, if the data is not conducive to gold, it may fall again to 2030, or even near 2020 If the data is favorable for gold and it breaks through yesterday's high of 2065, I think gold will test the previous high around 2078-2080 Join me as I share my strategies every day so you know how to trade
TVC:GOLD
by UnknownUnicorn64321080
NFP target On the flip side, the $2,042-2,040 strong horizontal resistance breakpoint now seems to protect the immediate downside ahead of the 50-day Simple Moving Average (SMA), currently pegged near the $2,033-2,032 zone. A convincing break below the latter could drag the Gold price to the $2,012-2,010 area en route to the $2,000 psychological mark. Failure to defend the said support levels might shift the bias in favour of bearish traders and expose the 100-day SMA support near the $1,982 region, before the XAU/USD drops to the very important 200-day SMA, near the $1,965 area. Gold sell 2055 Target 2016
OANDA:XAUUSDShort
by Gold_Analysis1
Buy gold at current price in 2032 and wait for the riseThe Federal Reserve's interest rate decision early last night triggered violent fluctuations in the gold market. The price of gold showed a wide range of fluctuations. The lowest reached the support level of the 2030 trend line and stabilized. The current upward trend remains intact, and the bulls are still in the advantageous stage, so I think You can buy, and the intraday target will continue to be towards last night’s high point of 2053! Technical analysis shows that gold prices are still in a volatile and rising pattern, with lows rising and highs setting new highs! At present, the moving average golden cross continues to run. Under the influence of the double support of the bottom trend line and the moving average, the gold price obviously cannot fall. After a slight adjustment within the day, it will rise again! Specific strategy: Gold 2032Buy, TP1:2048, TP2:2053 Good luck to everyone
OANDA:XAUUSDLong
by Golden-Strategy-Master
Wipeout Possible for NFPLet me explain why I think this -for FOMC on Wednesday I expected a big buy as if the sell wanted to occur it would have (it neither bought or really sold) -the move for FOMC wasn't as aggressive as you would think from a news event (especially the first major one for the year) -(in yellow) this would have been the last high before the current highest high - sellers would have been interested here -(in red) the sellers from the yellow zone would have been taken out and buyers would have become induced on the break out -(in red) not long after that move the buyers would have also been taken out with the bear push after the fact -(blue square) price went into a heavy consolidation the last part of yesterday's trading day and to present (time of me typing this) -(in orange) sellers being induced at the high of that consolidation -(in turquoise) buyers being induced at the low of that consolidation -(in purple) we have NFP in about an hour (from me typing this) I expect due to the consolidation it makes sense to take out traders in both directions before continuing bullish Gold clearly is prioritizing bull momentum, as I would have mentioned if it wanted to sell it would - there were many times gold took out the sellers and made it safe for sells to occur, yet it didn't sell - why? As per usual - I do not trade news events so I will not be attempting to trade it, however I do love trying to analyze it (this is really engaging for me, if that isn't clear by now lol) I can type for hours and hours about what I see My system is actually very simple, at its core it is 3 simple questions I am attempting to answer 1. Who is interested? - Buyers and Sellers 2. Where are their stops? Below and above the areas of induction 3. Have those stops been taken out? No, which means I think a whipsaw is likely Downvote\don't Boost if you didn't read and didn't attempt to understand OR Upvote\Boost if you did read and did attempt to understand If you disagree, you can downvote but please leave a comment as to why you disagree, not doing so doesn't help either of us
OANDA:XAUUSDLong
by Brandon_evo4
1
Gold price is in an increasing trend!! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting some buying interest for the fourth consecutive day on Thursday and is moving closer to a two-week high around the $2,056 level reached the previous day. The US Dollar (USD) is struggling to take advantage of the rebound after the Federal Open Market Committee (FOMC) meeting, as US Treasury bond yields continue to decline. Additionally, ongoing geopolitical tensions in the Middle East and China's economic challenges are providing support to the safe-haven commodity. However, the Federal Reserve's less dovish stance on interest rates may limit the gains in gold. Investors are now focusing on Thursday's busy economic calendar, which includes the release of flash Eurozone consumer inflation data and the US ISM Manufacturing PMI, for potential market-moving events. Furthermore, the monetary policy decision from the Bank of England (BoE) could introduce volatility into the markets. Factors such as US bond yields, the movement of the US Dollar, and overall risk sentiment will also play a role in creating short-term trading opportunities in the gold market. Following these events, attention will shift towards the highly anticipated US monthly employment report. ⭐️ Personal comments NOVA: Gold prices continue to be in a long-term uptrend, with selling pressure following the result that interest rates will not be reduced in March, but war tensions in the world are still supporting Gold. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2008 TP1: $2022 TP2: $2030 TP3: $2040 🔥BUY GOLD zone: $2039 - $2041 SL $2036 Scalping TP1: $2044 TP2: $2048 TP3: $2053 🔥SELL GOLD zone: $2058 - $2060 SL $2065 TP1: $2053 TP2: $2048 TP3: $2040 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
OANDA:XAUUSDLong
by Nova-Scalper
7
XAUUSD: 1/2 Today’s Market Analysis and StrategyGold technical chart, daily pressure 2040-2053, lower support 2000-1966 Four-hour pressure is 2053, support below is 2033 One-hour pressure is 2053, support below is 2033 Operational suggestions: Judging from the daily trend, today's upper pressure will continue to focus on the 2050-2055 area where the US market opened yesterday, and the lower support will focus on 2029-33. Overall, rely on this range to sell high and buy low. Cyclic participation will continue to see shocks, and the middle position Always look more and move less. Pay attention to the 2053 long and short dividing line SELL:near 2053 SELL:near 2040 SELL:near 2020 BUY:near 2053
OANDA:XAUUSD
by ActuaryJ