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GOLD H8 further gains as it crosses $2,500The upcoming Jackson Hole symposium, scheduled for August 22-24, is expected to be a significant event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the gathering will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting Fed Chair Jerome Powell’s remarks, which could provide crucial insights into the Federal Reserve’s policy direction. Bank of America (BofA) strategists suggest that Powell may offer a clear assessment of the current economic situation, signaling that the Fed is “very close” to beginning an easing cycle. This would indicate confidence in controlling inflation, with a growing emphasis on maintaining a strong labor market. Powell may highlight the need to avoid “unexpected weakness” in employment, suggesting that job preservation could become a priority in 2024. The market is largely expecting a 25-basis-point rate cut in September, but strategists caution that more hawkish language from Powell could flatten the U.S. Treasury yield curve. Historically, rate volatility decreases following Jackson Hole as policy uncertainty eases. Recent inflation data, including the July Producer Price Index (PPI) and Consumer Price Index (CPI), showed signs of easing inflationary pressures. The CPI rose by 0.2% month-over-month and 2.9% year-over-year, supporting the potential for a rate cut. The market anticipates the Fed will begin easing rates in September if inflation continues to moderate. In addition to economic factors, escalating geopolitical tensions, particularly in the Middle East, have boosted demand for gold, a traditional safe haven. The ongoing conflict between Israel and Hamas, with potential Iranian involvement, has heightened fears of broader regional instability. The outlook for gold prices remains bullish in the short term, supported by a weakening U.S. dollar, expectations of an imminent rate cut, and ongoing geopolitical risks. Powell’s remarks at Jackson Hole will be pivotal, potentially influencing both gold prices and broader market sentiment.
FX:XAUUSDLong
by GOLDFXCC
Gold Continues on ATH Bullish Path⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) saw slight losses on Monday as investors paused after the recent record high, waiting for more clarity on the Federal Reserve's (Fed) policy plans. Attention is now on the release of the July FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday. His comments will be key in guiding expectations for future interest rate cuts, which will influence the US Dollar (USD) and gold's next move. Meanwhile, the growing belief that the Fed will start easing rates in September, due to signs of cooling inflation, has pushed the USD Index (DXY) to its lowest level since January. Ongoing geopolitical tensions in the Middle East and the Russia-Ukraine war continue to support gold. However, a positive market sentiment and hopes for a Gaza ceasefire may limit significant gains for XAU/USD. Despite this, the overall outlook favors bulls, with any significant dip likely seen as a buying opportunity. ⭐️ Personal comments NOVA: Gold price is currently sideways around $2500, accumulating waiting for FOMC interest rate information on Wednesday. Still supporting the Uptrend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2478 - $2480 SL $2473 TP1: $2495 TP2: $2510 TP3: $2530 🔥SELL GOLD zone: $2530 - $2532 SL $2537 TP1: $2520 TP2: $2510 TP3: $2500 ⭐️ 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
12
1:5 risk to reward buy setup for GoldCore Analysis Method: Smart Money Concepts Here’s the analysis based on the Smart Money Concepts methodology: 😇 7 Dimension Analysis Time Frame: 5M Swing Structure: The market structure is strongly bullish with liquidity resting in a key area at the extreme POI. The Inducement has been taken, and the corrective swing move has reached its lowest levels, showing two pullbacks. The internal structure supports this corrective move, with Order Blocks (OB), Sell Order Blocks (SOB), Fair Value Gaps (FVG), and liquidity marked as Points of Interest (POI) in the Discounted zone, making this setup powerful. Support & Demand are also located in the POI zone, making this setup favorable for bullish momentum. Pattern: 🟢 Chart Patterns: A Rectangle pattern is forming, so patience is required to see how it plays out. 🟢 Candle Patterns: Candle patterns will be considered once the price reaches the POI. Volume: No notable volume observations at this point. Momentum RSI: Skipped for this analysis. Volatility Bollinger Bands: Skipped for this analysis. Strength ADX: Skipped for this analysis. Rating: ⭐⭐⭐ (3 Stars) Probability: 50% The probability is moderate, indicating a balanced risk/reward scenario. ✔️ Entry Time Frame: 5M ✅ Entry TF Structure: Bullish ☑️ POI: Extreme unmitigated OB 💡 Decision: Buy Limit 🚀 Entry: 2494 ✋ Stop Loss: 2484 🎯 Take Profit: 2545 😊 Risk to Reward Ratio: 5 RR 🕛 Expected Duration: 1 Day (D1) SUMMARY: This setup on the 5-minute timeframe suggests a potential buying opportunity as the market is in a bullish structure, and key Points of Interest align at the Discounted zone. The Rectangle chart pattern forming adds to the likelihood of a potential move. The trade setup has a moderate probability with a 5:1 risk-to-reward ratio. The entry is planned at 2494, with a tight stop loss at 2484 and a target at 2545. Given the lack of significant volume, momentum, volatility, and strength indicators, this trade is more speculative and should be monitored closely as the price approaches the POI.
OANDA:XAUUSDLong
by Optimum369
1
XAUUSD: Buy again during the wait for the pullbackGold Market Fundamentals: The current rise in gold prices reflects the market's intense focus on Fed policy. The market widely expects a rate cut in September, with a 77.5% chance of a 25 basis point cut and a 22.5% chance of a 50 basis point cut, which supports gold prices. This week's focus is on the Fed's policy minutes and Powell's speech at the Jackson Hole Symposium, which will provide crucial insights into future monetary policy and influence gold's direction. Despite gold hitting new highs, several Asian banks have received new gold import quotas from central banks, indicating increased demand for safe-haven assets. The stalemate in negotiations between Israel and Hamas, along with Israel's attacks on Hezbollah in Lebanon, has escalated tensions in the Middle East, further boosting demand for gold. Gold Market Technicals: Gold has reached a new all-time high today, with no resistance above. As long as bullish momentum outweighs bearish pressure and there are no significant news events, prices are likely to continue rising. On the downside, focus on support near previous highs and the 2500 level. Trading Strategy: Based on the above analysis, maintain a bullish outlook today. Continue to approach high-level trading with caution, waiting for pullbacks to buy within the lower support range rather than chasing the rally. Support Range: 2500-2508, 2460-2475 Resistance Range: No resistance at historical highs If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
OANDA:XAUUSDLong
by AntonyTP
#XAUConfirming the peak at 2531, adjustment or further increase?Gold analysis on August 21, 2024: After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still expected. The trading trend today remains SELL. Key price areas to note: SELL zone: 2520 - 2525 and 2529 - 2533; BUY zone: 2502 - 2507 and 2490 - 2495. Recommended orders: Plan 1: SELL XAUUSD zone 2521 - 2523 SL 2526 TP 2518 - 2510 - 2500 - 2490. Plan 2: SELL XAUUSD zone 2513 - 2515 SL 2518 TP 2510 - 2500 - 2490 - 2480. Plan 3: BUY XAUUSD zone 2490 - 2492 SL 2486 TP 2495 - 2500 - 2510 - 2520.
OANDA:XAUUSDShort
by oakpotshy
GOLD - Rockin' Higher (MACRO BULLISH!!!!)From a macro perspective, the bullish trend has just been confirmed. With the current worldwide uncertainty regarding monetary policies, the wars going on and the political conflicts people tend to swift towards safe havens like gold since their store of value does not deteriorate in an economic crisis, it's always on demand and easily convertible. History doesn’t repeat itself but it certainly rhymes. We have two active Time at Mode weekly bullish trends. First trend expires mid September with the highest target of $2,900. Second trend expires in November with the highest target of $3,100. Combining both short and longer term trends, we could easily expect price continuation toward $3,000's by the end of the year.
COMEX:GC1!Long
by ZelfTrade
XAUUSD: Confirm support at 2480 before deciding on tradingGenerally speaking, after a sharp rise, if there is no special news, it will repeatedly step back to the support to determine whether it is possible to continue to rise. On the other hand, the current price is at a historical high, and it is hard to say that it will not fall by about $100 like the last time it broke through the historical high, so our transactions must be treated with caution. If it continues to rise next, as mentioned above, it is necessary to determine where the support is. From the 1-hour chart, the support below is far away, and only 2480 is an important support level. This is the previous resistance area and near the previous high of last month. At the same time, this support was also verified when it was stepped back last Friday. In addition, from the Fibonacci retracement of this rise, 0.618 is also at 2480. After determining the support, we will know what to do next. Now the price is still at 2500. It is safe to wait for the support to be determined. If you are more aggressive, you can also make a small position Sell order before that. Once the support is determined, we can buy near 2480.
OANDA:XAUUSDLong
by AntonyTP
Make it easy to make money trading gold #xauusd Today is August 19, 2024. Monday. Last Friday, gold broke through a record high. I also circled the price for everyone before gold rose. It was perfect. Today, I still give you some trading prices for your reference: It will be profitable whether you sell or buy Sell: xauusd sell 1: 2418-2422 xauusd sell 2: 2429-2432 Buy: xauusd buy1: 2492-2396 xauusd buy2: 2477-2381 You can trade and profit according to these prices. Please don't be greedy. There are many trading opportunities. If you like my analysis and signals, or use the signals to make a profit. Please like me and join me
FX:XAUUSDLong
by MaudEvans
XAU/USD Gold Mines Robbery PlanMy Dear Robbers & Traders, This is our master plan to Heist XAU/USD Gold Mines Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Plan A & Plan B for Long and Short entry. Our target is Red Zone for Bullish Entry Traders / Rob and Green Zone for Bearish Entry Traders / Rob that the zone is High risk Dangerous level, market is Trap / Consolidation / Trend Reversal at the level Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers / Traders and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low for Bullish Setup and Swing High for Bearish Setup. Stop Loss : Recent Swing Low for Bullish Robbers/Traders & Recent Swing High for Bearish Robbers/Traders using 2h timeframe. Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
FXOPEN:XAUUSD
by Thief_Trader
Officially reached over 2500! NEW XAU ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/19 - 9/23/2024 🔥 World situation: Gold (XAU/USD) surged to a new record high above $2,490 on Friday during the US session as investors remain confident that the Federal Reserve (Fed) will cut interest rates in September, despite Thursday's stronger-than-expected Retail Sales data. Earlier in the day, gold had pulled back after testing a key resistance level around $2,470, a point it struggled with earlier in the week. The pullback was driven by the July US Retail Sales report, which showed a 1.0% month-over-month increase, far exceeding the 0.3% forecast and reversing June’s revised 0.2% decline. 🔥 Identify: Gold price hits all-time high of 2509. Optimism for all markets as September interest rates near 🔥 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: $2531, $2560 Support : $2490, $2465, $2430 🔥 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
XAUUSD Where it is going first?**Monthly Chart** Last month's XAUUSD (Gold) candle closed as a large bullish candle after creating a new record high shy of the 2,500 level (round number). This indicates that traders will try to push the price higher to break the record high. This is in line with geopolitical reasons happening in the Middle East at the current moment. This month's candle, which is still active, tested 50% of last month's candle and tried to push higher again after a large sell-off last week (Monday—5th August 2024). **Weekly Chart** The last weekly candle closed as a bullish fakey candle (or low test in the supply zone), indicating a solid buy around 2400 levels for 300 pips up. However, the price must still break the low at around 2360 levels before it pushes strongly upwards. This week, we will examine the price movement for a better entry setup to buy from the demand zone. **Daily Chart** Friday's candle closed as an indecision doji after testing the IPA (or FVG candle), indicating an indecision move after large buys from the previous day. This week, I would like XAUUSD to move lower first to test the liquidity pool generated around the 2,360 level. This level has created a great buying opportunity before the price moves higher and creates a new high.
OANDA:XAUUSDLong
by PropSignals
4
XAUUSD: Return to the support area and consider whether to buyFriends in the channel know that my strategy has a high accuracy rate, even if it is not 90%, it is at least 80%. We achieved good results with our two short sales of gold yesterday. At the end, I made it clear that if the gold price breaks through the resistance range, it will test new historical highs again. Now the gold price is moving towards this prediction. Let me first explain that although I am bullish, the price is at a high level now, and I will definitely not choose to chase the rise. On the one hand, there will be 4 data released today, which has high uncertainty, and the market is very sensitive to data after the bombardment of data in the previous few days. Once the data does not meet expectations, it will fluctuate greatly. On the other hand, today is Friday, and it is hard to say that it will not fall by tens of dollars again like the previous Friday. Therefore, we must respond carefully today, just like I said before, "Don't do uncertain market, forced trading is very easy to lose money." This sentence is also for everyone! From a technical point of view, the Fibonacci retracement 0.5-0.618 line is in the range of 2459-2464, so I think the best place to buy today is here, or even lower. If nothing unexpected happens, I will intervene in this range. Resistance: above 2476 Support: 2450, 2430
OANDA:XAUUSDLong
by AntonyTP
Adjusting to go up - waiting for Gold to breakout⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) experienced a sharp intraday drop of over 1.5% on Wednesday after coming close to the record high. This decline followed the release of US consumer inflation data, which showed a downward trend in inflation and reinforced expectations for the Federal Reserve (Fed) to begin cutting rates in September. However, investors reduced their expectations for aggressive rate cuts, leading to a modest rebound in the US Dollar (USD) from its recent multi-month low, which put pressure on gold. Despite this, concerns about a potential escalation of conflict in the Middle East helped limit gold's losses, providing support around the $2,438 level. The precious metal recovered about $10 from its daily low and gained some momentum during Thursday's Asian session, though continued USD buying is capping significant gains. For now, XAU/USD appears to have halted its two-day losing streak as traders await US Retail Sales data and other key economic reports later on Thursday for fresh direction. ⭐️ Personal comments NOVA: It is inevitable that liquidity is swept from the 2441 zone, sideways around the price zone of 2441 - 2461 to be able to increase strongly next. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2426 - $2424 SL $2419 TP1: $2435 TP2: $2450 TP3: $2462 🔥SELL GOLD zone: $2459 - $2461 SL $2464 TP1: $2455 TP2: $2448 TP3: $2440 🔥SELL GOLD zone: $2484 - $2486 SL $2491 TP1: $2478 TP2: $2470 TP3: $2460 ⭐️ 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
2