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Xauusdbuy

Gold anchors at peak, experts neutral on gold prices this weekCome up with ideas and wave trends for today, 10/7, 2024. In my opinion, tomorrow there will be a short-term wave during the day that pushes the price up to the 2662 zone, so tomorrow you can watch for the correction wave and then watch for Buy. To watch for Buy at this wave, pay attention to the price zone of 2650 - 2647. Here, find the Buy factor, SL below the foot of the previous small wave. Because the price is within the Wyckoff boundary of the value zone, last week you can see that all your entries and trends are only within the boundary. Do not go too far to avoid the case where the entry is finished and the price goes sideways and then returns to liquidity to sweep the entry. Longer-term views from the 30-50 price range will be established when the price breaks out of the Wyckoff boundary when forming the cause and returning the result. Here, I can click and calculate the P&F of the target price to find, so avoid trading with high expectations and over-predictions. Finally, all transactions must always comply with capital management and SL. This is The most important thing that the channel always tells you is to not get too excited when you win and when SL loses, feel lucky because you lose only a part of your account, so that your mentality is comfortable and you are not afraid of losing or holding on to negative too much. --- Jesse Colombo, an independent precious metals analyst and founder of BubbleBubble Report, believes that the price of this precious metal will trade in the range of 2,650-2,700 USD/ounce and notes that investors can buy when the price drops. 16 Wall Street experts participated in the latest Kitco News Gold Survey. Of which, 7 experts (equivalent to 44%) said that gold prices will increase this week. 3 experts (19%) predicted that gold prices will decrease. The remaining 6 (37%) believe that gold will trade sideways. In addition, 104 retail investors, or 59%, of the 176 Main Street investors surveyed expect gold to continue its upward trend. Another 36, or 20.5%, said the yellow metal would trade lower, and the remaining 38, or 20.5%, were neutral on gold prices this week.
OANDA:XAUUSD
by TheLeader_WOLF
XAU/USD getting ready for another rally?Gold appears to be generating significant liquidity, suggesting a potential setup for another rally to the upside. We’re seeing liquidity engineering, which points toward the possibility of gold making a push to retest all-time highs. I’m watching for a chance to capitalize on this move. There’s a 1-hour demand zone just below a pool of liquidity that has recently triggered a change of character (CHOCH) to the upside. I’ll be looking for price to mitigate that demand zone before taking liquidity higher. Confluences for Gold Buys: - Gold is consolidating, likely preparing for a breakout. - Trendline liquidity to the upside still needs to be taken. - The 1-hour demand zone has caused a CHOCH to the upside. - Gold remains bullish, aligning with the overall trend. - The US Dollar Index (DXY) is showing signs of bearishness from its supply zone, supporting the bullish outlook for gold. Note: If price continues to drop and fails to hold at the 1-hour demand zone, I’ll anticipate it to fill the imbalance below and mitigate the 10-hour demand zone. This area is another point of interest where a potential bullish rally for gold could form.
OANDA:XAUUSDLong
by Hassan_fx
XAU continues sideways - accumulate waiting for new ATH 2705 ✍️ NOVA hello everyone, Let's comment on gold price next week from 10/07 - 10/11/2024 🔥 World situation: Gold prices pulled back after a stronger-than-expected US jobs report suggested that the labor market remains robust, indicating the Federal Reserve (Fed) may ease policy in smaller 25-basis-point increments. Currently, XAU/USD is trading at $2,643, down 0.40%. The US Bureau of Labor Statistics (BLS) reported strong job growth for September, easing concerns about the labor market. This reduced pressure on the Fed, which had previously cut interest rates by 0.50% in September amid concerns about reaching its maximum employment goal. 🔥 Identify: Gold price is sideways - accumulating in a large range of 2625 - 2681. The uptrend on the H4 frame is still stable and waiting for new momentum to reach the next new ATH. In the context of escalating Middle East tensions - gold price continues to increase strongly this year. 🔥 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: $2671, $2685, $2705 Support : $2626, 2588 🔥 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
1
Gold Nearing Major Support at 2667 - Bullish ReversalGold is approaching a crucial support level at 2667 on the 4-hour chart, signaling a potential bullish reversal. This level holds significant importance due to its confluence with technical indicators that suggest a possible upward move. Let’s break down the key elements of the current setup: 2667 is a well-established major support level where buyers have historically stepped in, making it a critical zone to watch. RSI (Relative Strength Index) has crossed above 50 multiple times, which is a strong signal of increasing bullish momentum. This suggests that, despite recent price consolidation, there is underlying strength in the market. The fact that RSI is sustaining above the midline indicates that the market sentiment is shifting towards bullishness. On the 4-hour chart, the most recent candle formed a Hammer, a classic bullish reversal pattern. This suggests that the market is rejecting lower prices, with buyers defending the support level. Gold closed the weekend at 2667.80, sitting right on this major support level, further confirming the importance of this zone. All these technical indicators point towards a potential bullish setup for Gold, with the RSI's multiple crossings above 50 strengthening the case for upside movement. If the price bounces from this support, we could see a rally in the near term. However, it's essential to recognize that Gold's price action is also influenced by global events, particularly geopolitical tensions such as the Russia-Ukraine conflict and unrest in the Middle East. These developments could introduce volatility and sudden shifts in sentiment. Traders should closely monitor price behavior around the 2667 support level and look for further confirmations of a bullish reversal, such as continued RSI strength, bullish candlestick formations, and breaks above resistance levels. If the support holds and these signals align, Gold could be poised for a significant upward move. However, a failure to maintain this level may lead to further downside, so caution is advised. Stay updated on global events, as they can heavily impact Gold's trajectory in the days ahead.
COMEX:GC1!Long
by Sudhir-Sirohi
2
BREAK - NF create new ATH 2700 ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Department of Labor reported a slight rise in unemployment claims to 225K for the week ending September 28, up from 218K. This follows stronger-than-expected private-sector job growth in September and an unexpected increase in job openings in August, signaling a resilient labor market. Additionally, the ISM Non-Manufacturing PMI rose to 54.9 in September, its highest since February 2023, indicating solid economic performance in the third quarter. ⭐️ Personal comments NOVA: Gold price begins to break the downtrend in H1 frame - expect NF to push gold price to continue increasing today ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2625 - $2623 SL $2618 TP1: $2632 TP2: $2640 TP3: $2650 🔥SELL GOLD zone: $2698 - $2700 SL $2705 TP1: $2690 TP2: $2680 TP3: $2670 ⭐️ 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
3
10/4/24 wait news ATH from XAU ! NF XAU / USD trend forecast October 4, 2024 Gold price (XAU/USD) continues trading within a narrow range, as traders await a new catalyst to determine the next directional move. Attention is focused on the upcoming US Nonfarm Payrolls (NFP) report, set to be released later on Friday. The data could shape expectations about the pace of the Federal Reserve's rate cuts, impacting US Dollar demand and influencing gold prices. NF and war tensions are the main drivers for gold prices to continue to rise - creating new ATH /// SELL XAU : zone 2698-2700 SL: 2706 TP: 50 - 100 - 200 pips (2680) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
The Calm Before the Storm: A Waterfall-like Decline is Coming... Today is Thursday, and with key data releases scheduled for New York trading hours and tomorrow’s much-anticipated NFP and unemployment figures, the market is far from quiet. My advice for today is to focus on selling, despite the possibility of some upward movement. However, from a daily chart perspective, the likelihood of a downturn is much stronger. The 5-day moving average (MA5) has already turned downward, and it’s just a matter of time before the bearish trend takes hold. When it does, this won’t be just a simple correction like we saw last time. I’m predicting a waterfall-like decline. Here’s my anticipated price action: a drop to around 2600, followed by a short rebound to approximately 2630, and finally, a deeper plunge to the 2570 region.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
1
PMI - momentum for NF - prepares to increase prices⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remain supported by escalating Middle East tensions. On Tuesday, Iran fired over 200 missiles at Israel, and early Thursday, Israel launched airstrikes on central Beirut, Lebanon, increasing fears of a larger conflict. This ongoing instability boosts demand for safe-haven assets like gold. Meanwhile, traders are likely holding back from making strong moves, awaiting Friday's key US Nonfarm Payrolls (NFP) report for clearer direction. ⭐️ Personal comments NOVA: According to the H1 frame - gold prices form an upward trend - NF this week will determine the upcoming trend for Gold - NOVA leans towards upward price momentum thanks to middle east tensions - gold price has more upward momentum ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2644 - $2641 SL $2637 TP1: $2650 TP2: $2660 TP3: $2672 🔥SELL GOLD zone: $2672 - $2674 SL $2679 TP1: $2665 TP2: $2650 TP3: $2641 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
8
XAU 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024 Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold. Gold price moves in large range - touches H2 downtrend trendline Upward view based on world war tension in the middle east /// BUY XAU : zone 2641-2644 SL: 2636 TP: 50 - 100 - 300 pips (2671) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
XAUUSD: The bears are about to strike back In the past few days, I lost my grandmother, and it has been a deeply sad time. After attending her funeral today, I found myself reflecting on many things. Life is short, and whether we pursue fame or wealth, nothing is as important as the health and happiness of our loved ones. I sincerely hope that everyone here can live a healthy and joyful life, with all your wishes coming true. Turning back to the gold market, after a significant rally, we’ve seen a pullback to test support before another rebound to resistance, followed by another decline. We’re now at a critical turning point. From the 30-minute chart, we can observe a pattern resembling a double top. If it breaks the trendline, a decline to the $2600 level seems inevitable—there’s no need to doubt it. My mid-term target remains $2568-$2490, and I believe we may see this play out sooner than expected.
OANDA:XAUUSDShort
by Mia-Signal
10/2 XAU | USD increased by war conflictXAU / USD trend forecast October 2, 2024 Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million. /// BUY XAU : zone 2635-2637 SL: 2629 TP: 50 - 100 - 300 pips (2665) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAUUSD: Swing Buy Reversal is Coming! From 2450 to 2560! Dear Traders, WE have an important entry coming up on Gold, possibly the one which will shape the gold market. After creating a record high and touching the 2530 for the first time, price exhausted and started dropping and ranged between the area. However, if we look into it with areas that gold may reverse from, the area that we find attracting is 2440 to 2450 in which we may see a large volume of buy volume kicking in the market. Good luck.
OANDA:XAUUSDLong
by Setupsfx_
17
XAU ! 9/27 waiting for 2700 increaseXAU / USD trend forecast September 27, 2024 The US Dollar is struggling to extend Wednesday's recovery due to dovish Fed expectations, which continue to support Gold prices. Although some Fed officials have pushed back against aggressive easing, markets are still anticipating a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for guidance on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Jobless Claims, and Durable Goods Orders, along with comments from other FOMC members, may also influence the market. Based on M30, Uptrend still dominates long-term frames H1, H4 /// BUY XAU : zone 2655-2652 SL: 2647 TP: 50 - 150 - 300 pips (2682) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
2
2702 ! XAU/USD offers the most positivity ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) edged lower during Friday’s Asian session but remains close to the recent record high. The US Dollar (USD) recovers some of its previous losses as traders adjust positions ahead of the US Personal Consumption Expenditure (PCE) Price Index release. This, combined with a positive market sentiment and overbought signals, creates pressure on gold. However, expectations of more aggressive rate cuts from the Federal Reserve (Fed) may limit any significant USD gains. Additionally, ongoing geopolitical tensions in the Middle East continue to support safe-haven assets like gold, helping to cushion its decline. Traders await the US inflation data, which could impact the Fed's rate-cut plans and drive gold’s next move. ⭐️Personal comments NOVA: Friday with PCE news brings gold's strongest week of gains - ATH target reaches 2702 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2655 - $2653 SL $2650 scalping TP1: $2660 TP2: $2670 TP3: $2680 🔥BUY GOLD zone: $2642 - $2640 SL $2635 TP1: $2655 TP2: $2662 TP3: $2670 🔥SELL GOLD zone: $2701 - $2703 SL $2708 TP1: $2690 TP2: $2680 TP3: $2660 ⭐️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
5
Holding Strong: Why It's Time to Bet on Gold's Decline There isn't much to add—I'm currently stuck in a short position on gold, but I remain convinced that a downturn is imminent. The 4-hour chart shows a clear bearish divergence, and I don’t believe it will break through the $2700 mark easily. As a result, I’m consistently increasing my short positions, waiting for the profit window to open. Trust me, buying in at this level is as foolish as selling below $2610. If you're holding short positions, stay firm. If you're holding long, it might be time to take profits. Greed rarely rewards anyone in the long run in the markets.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
2