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Gold Market Outlook: Analyzing Buy Signals and ATH PossibilitiesA great purchase opportunity is indicated by our current market analysis , which shows a tested support level at 2735-2730 . Given these indicators, the market might hit a new all-time high (ATH) . My research suggests that XAUUSD is a good buy , especially as fundamentals imply that the dollar may depreciate , likely strengthening gold’s value. Additionally, we can expect selling pressure around the supply level of 2773-2780 , but I’m also confident that NFP (Non-Farm Payroll) shows a compelling buying opportunity . A* boost would be greatly appreciated if you found this analysis useful; it’s always encouraging to know my observations are understood!
FOREXCOM:XAUUSDLong
by bluechipfx
XAUUSD: NFP data and trading strategies for the next two weeks Yesterday's gold movement largely aligned with expectations, with relatively limited fluctuations. However, today is unlikely to be as calm, as the market now faces two sharply contrasting scenarios: If the Non-Farm Payroll (NFP) and unemployment data are bullish for gold, and the price remains within its current range, we could see a rebound, testing or even breaking the previous high before retreating to current levels. Alternatively, before or shortly after the data release, gold may retest the resistance near its previous high (or consolidate below the 2668 level) and then begin a significant decline, potentially forming a double-top pattern (with a break below 2620). Disregarding the data, from a technical standpoint, the daily chart (D1) shows that gold is at a critical juncture. Recent price movements have hovered near key support levels, with some indicators clearly signaling weakness. A decisive move is imminent. Scenario 1: Gold consolidates near support, gathering momentum and bolstering bullish sentiment, leading to a second upward push—similar to the rally initiated around the 2500 level. If the market demonstrates strength, prices could challenge the 2700-2710 zone, followed by a weekly close showing weakness. A significant pullback of no less than $100 could then ensue. Scenario 2: Bullish momentum fades, and the bears start to take control. A double-top formation would likely emerge, targeting the 2625-2611 support zone. If bulls fail to hold these levels, the next bearish targets would be in the 2590-2570 region. I hope this analysis provides valuable insight for your upcoming trades. Wishing you all the best of luck!
OANDA:XAUUSDShort
by Mia-Signal
NFP Data: Key Trading Opportunities for Gold Gold has returned to around 2520, with resistance still quite evident. With only one and a half hours left before the data release, market volatility is expected to remain limited. Based on yesterday's data, the likelihood of today’s data being bullish is higher. There are two trading strategies to consider: The first is to go long before the data release, but keep a tight stop-loss to guard against a surprise bearish outcome. If there’s a profit, close the position promptly. I estimate that if the data is bullish, the price could rise by approximately $15. The second approach is to wait for the data release and then enter a short position, aiming for a medium-term trade. Given that the current price is already at a relatively high level, even if there is a spike after the data release, it will be challenging for the price to maintain a sustained upward trend.
OANDA:XAUUSD
by Mia-Signal
#NFP/USDT#NFP We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $0.400 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 0.4848 The first target is 0.5800 The second goal is 0.6840. The third goal is 0.7824
Long
by CryptoAnalystSignal
Profited $14K, NFP is expected to rise and then fall backThis morning, I shorted gold near 2326.31, and as gold fell back to hit TP: 2315, I profited and left the market; I added positions and went long gold near 2296 and 2286, and as gold bottomed out, it hit TP again: 2300 profit and exit. The total profit exceeded GETTEX:14K , which was another good profit for several days in a row! Tomorrow will usher in a golden highlight moment, because NFP will be released tomorrow, which will definitely intensify short-term fluctuations and even guide the short-term direction of gold. It is a challenge but also an opportunity. In my opinion, gold is likely to rise first and then fall under the influence of NFP market! Judging from the recent economic data in the United States, the U.S. economy is strong, which limits gold’s upside to a certain extent. Moreover, high inflation has not yet been completely resolved, so the market’s expectations for the Federal Reserve to cut interest rates are decreasing, which is also negative for gold to a certain extent. In addition, gold has also confirmed the validity of the 2430 top at the technical level, so the overall short trend of gold has been established.At least gold has demand to extend its decline. So why does gold rise before falling? Because gold has been weak recently and shorts have gradually gained the upper hand, the market is likely to need to use NFP data to kill a batch of short positions first and harvest some funds;In addition, gold has fallen ahead of schedule in the past two days, touching the 2285-2280 area many times, which is likely to reserve room for growth in the NFP market in advance. In the short-term structure, gold's technical bottom-out rebound creates a double-bottom structure in the short-term structure, which is helpful for gold's short-term rise. Therefore, in the NFP market, gold is very likely to rise and fall, and continue its decline. Judging from the current trend, if gold rebounds first, we will first focus on the 2325-2330 area and the 2350-2355 area above. If gold rebounds first with the help of NFP data, I predict that gold is likely to touch the 2325-2330 area during the rebound, and may even try to touch the 2350-2355 area, and then fall back or even continue to fall to the 2270-2260 area. Therefore, in this process, there is a good opportunity to participate in gold trading, and the profit is definitely not small. I will definitely not miss this good opportunity once a month.After all, there are always markets, but opportunities are hard to come by! 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. !
OANDA:XAUUSDLong
by Trading-Hawkeye
EURUSD,🔴Is it bearish...?🔴(Details on caption) Well, first I must say the whole scenario is a low probability because NFP data will be released today, so stick to your money management system. By examining the daily and hourly EURUSD chart we can figure out, that the price grabbed the buy side liquidity and created the bearish breaker with bearish FVG, also this breaker aligns with the 50% of daily candle shadow. So we can expect the price to move higher to FVG and breaker then fall to sell-side liquidity. 💡Wait for the update! 🗓️05/04/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
XAUUSD:NFP trading strategy Regarding yesterday's data, my view is to go short, with the target near 2269, and we finally succeeded in making a profit. After the market fell sharply, there was a small rebound. When it was near 2270, I also reminded everyone that there will be a rebound, and the resistance level is 2279-2286. As I expected, it was blocked near 2279. Now I continue to observe the resistance, and the trading idea is to maintain high short selling. Now the technical indicators show that the rebound is not over yet, so there should be a chance to touch around 2286. In this range, if you want to go long, you can do a small amount and close it in time when there is profit. I am still bearish on the general direction. At the same time, there is NFP data today, which has a great impact on gold. I think the probability of eventual decline today is greater than that of rise, so regarding data trading, my thinking is mainly short selling. Because the impact of data is relatively large, market fluctuations will also be correspondingly large. If your account does not have much funds, try not to gamble before the data is released. If you do, you should also pay attention to risk control, trade in small quantities, and set SL. Otherwise, once the market finally does not match our expectations, your account may not be able to withstand it and will be directly blown. This is not what I want to see, and I believe you must not want to see this happen. If the data is in line with expectations, then there is a high probability that it will fall to around 2233 today. This space is still relatively large, and the profits it can bring us will also be very good. If you can grasp it, try to grasp it. If the actual situation does not allow it, do not force the transaction. Everything is based on account safety. There are many trading opportunities later. At all times, please put risk management first. Our profits must be based on the fact that the account will not be blown away. good luck!
FOREXCOM:XAUUSDShort
by Allen_Ex
Yemi_Fx1 | BEARISH SETUP ON AUDJPY Maintaining a sell bias on AUDJPY based on the presence of a well-defined sell structure. On the 1-hour timeframe (1HTF) shows the bearish bias is further supported by a potential continuation pattern in the form of an ascending wedge, with price currently testing resistance. Be aware that today's high-impact Non-Farm Payroll (NFP) data release could cause price to break out of the ascending wedge resistance before moving in it main direction. I anticipate a potential third touch of the ascending wedge's resistance. If price rejects this level, we can look for a confirmation shorting signal(A flag )on a lower timeframe (e.g., 15-minute chart) to enter the trade. If you found this helpful please support your fellow trader with a like .
Short
by Yemi_Fx1
USDJPY The Dollar Looks UnstoppableHi Traders! USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation. Here are the details: After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808. The fundamental news also supports our bullish view. Earlier today, the NFP announcement came in at a staggering 353K, which was surprising and much better than the expected forecast of 187K. Traders will read this as massive strength for the US dollar. We are now looking for a break and a close above the yearly high at 148.808. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
GOLD GOOSEBUMPS ON NFP Numbers Gold is now moving on $2054 - $2056 area. Technically, $2070- $2072 is the Ultimate Top's , as Selling on such Bullish s is not advisable if the our ultimate top is broken. yesterday the numbers was in favors of Gold however the bullish cycle was not expected but 73% of total numbers of traders were in Bull run however price action was just sudden dropped from $2066.At moment we are looking a drop of NFP and a relief to sellers . keep in mind a huge volatility will be seen on U.S session today. For your Record Last month 5-1-2024 on NFP price action was Dropped first and then move up .
TVC:GOLDShort
by Forexmaestro121
Non-Pay Form | Gold Expected to be drop Non-Pay Form | Gold Expected to be drop Hey Traders .. Welcome back ! Todays after 2 hours Big news going to happen We Structured data from past history gold expected to move 50 pips above then probably hit the targets and touched our trend line which were seen in charts we are waiting for break out of support 2051-2050.00 then next point at 2042-2041-2040.00 if you guys knew how to trades you will catch up our idea tight target sets dropping 100+ pips cheers for the next update..
OANDA:XAUUSDShort
by professionaltradersfx
NFP trading strategy There is NFP data to be released today. After yesterday's narrow range, the market will experience another huge shock today. Are you ready? Judging from the current trend, resistance is concentrated around 2049. Focus on this position before today's data is released. If it breaks through, the upper resistance will appear near 2058. If it cannot break through, it is highly likely that it will fall back to around 2032. There is a high probability that today’s data will be beneficial to gold shorts, so when trading, shorts will dominate, and market fluctuations will be relatively large. Be careful to strictly control risks. If you have any questions, please leave me a message in time! Good luck, everyone!
FOREXCOM:XAUUSDShort
by Allen_Ex
2
EURUSD The trend will be determined after the news (NFP).Hello traders. The trend will be determined after the news (NFP). There are many fluctuations, I think anything can happen. before the news is released and even half an hour after that. If the data is as expected, the dollar will gain strength and the euro can touch 1.066. If the data is weak, everyone is betting on an interest rate cut in the first quarter of next year and even sooner, and the euro could touch 1.1 in next weak. What do you think? Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** Check out my latest analysis on the dollar index.
by Mehdi_Ha
1
BluetonaFX - EURUSD Pre NFP ReportHi Traders! Ahead of the NFP announcement later, EURUSD is trading near its weekly high in anticipation of possible weak jobs data coming out of the US.   Price Action 📊 The market's price action is currently bearish, largely due to the double-top pattern. The market recently had price rejections at the weekly high of 1.06750. That being said, we are currently still above the 20 EMA and must be wary of this. Fundamental Analysis 📰 The US recently posted weaker than expected PMI figures and ADP Non-Farm employment change, and with the Fed not committing to further interest rate hikes, traders may back to being nervous about the US dollar again if the NFP number is weak. Support 📉 1.06149: 20 EMA 1.05166: WEEKLY LOW Resistance 📈 1.06750: WEEKLY HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
by BluetonaFX