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XAU/USD 04 October 2024 Intraday AnalysisH4 Analysis: intraday expectation remains unchanged from yesterday's analysis (02 October 2024). -> Swing: Bullish. -> Internal: Bearish. Price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low. Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase. Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ). Intraday Expectation: The expectation is for price to target a weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price did not meet yesterday's intraday expectation, as the internal structure flipped from bearish to bullish, with the price printing a bullish Internal Break of Structure (iBOS). A bearish Change of Character (CHoCH) has been printed, indicating the initiation of a bearish pullback phase, and an internal range has been established. It is expected that the price will trade down to the premium zone of the 50% internal equilibrium (EQ) or the M15 demand zone. Intraday Expectation: Technically, the price is expected to target the weak internal high. Given that the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum is likely to be short-lived. With rising geopolitical tensions, coupled with a dovish stance from the Fed, Gold is expected to remain highly volatile in the short term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
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
XAUUSD must be shorted today and tomorrow!News: As I said in the past two days, although the United States today 'the number of people applying for unemployment benefits in the United States to the beginning of the week on September 28th‘ has a lot of gold, the gold market does not rise but falls. This shows that the strength of the bulls in the gold market is insufficient, and many investors are not optimistic about the rise of gold when the U.S. economy has recovered. Therefore, tomorrow the release of the US‘September quarter-adjusted non-farm payrolls’ data will explode the entire gold market, and gold will choose its direction again. Judging from the current various news, the U.S. economy is recovering, and tomorrow's ’U.S. September quarter-adjusted non-farm payrolls' data will be bearish for gold, so the trend of gold today and tomorrow will be dominated by empty heads! Therefore, the strategy of gold in the past two days is still mainly shorting: continue to short the gold market near 2655! Need more trading signals and strategies, welcome to the comment area!
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold gonna bust a move for Q4 || 04.OCT.2024 - FOMC?!Goooood Morning Tradingview!! I am back! I'm glad to be back! I have missed y'all!! Let's dive right in!! Ok, starting from our bad mama-jamma, Monthly timeframe we can see XAUUSD is taking off! We are in an obvious bullish momentum creating new ALL TIME HIGHS each month, meaning we are in uncharted territory... YET Each week I have presented ideas that have played out more times than not. HOWEVER, Mistakes were made in my trade management. Alongside my business partner we've created a game plan that made sense to me and my trading style according to my trading personality or archetype - pretty INSANE I know! Buuuuuuuut back to today's trade. I am going to sit patiently and see which way price wants to move and when she does get ready for a big ol' heavy hitter *POW! I have my bias' for sure...PIPS OVER PROFITS!! If you've made it this far, thank y'all! Shout Out to the new follows! I am truly blessed! God bless y'all *Peace!
OANDA:XAUUSDShort
by MommaPreneur
XAU/USD 03 October 2024 Intraday AnalysisH4 Analysis: intraday expectation remains unchanged from yesterday's analysis (02 October 2024). -> Swing: Bullish. -> Internal: Bearish. Price has continued its surge, reaching all-time highs with minimal pullbacks. The bearish swing pullback phase has been confirmed by a bearish Internal Break of Structure (iBOS), which has also established the current swing range. At present, we are trading between the swing high and internal low. Price has now printed a bullish Change of Character (CHoCH), suggesting, but not confirming initiation of a bullish pullback phase. Additionally, the price has reacted from the premium zone above the 50% internal equilibrium (EQ). Intraday Expectation: The expectation is for price to target a weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price met expectations by targeting a weak internal low and printing a bearish Internal Break of Structure (iBOS). As previously mentioned, price action remains erratic, driven by ongoing macroeconomic data and heightened geopolitical tensions. Since last analysis, price has printed a double bearish iBOS, aligning with the H4 bearish pullback phase as expected. An internal range has been established, with the price reacting from the extreme high of this range. Intraday Expectation: The price is expected to target a weak internal low. With rising geopolitical tensions, Gold is likely to remain highly volatile in the short term. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
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
This Week’s Profit Doubling PlanNews: Today's U.S. market will have a sharp bearish gold on the ‘U.S. ADP employment numbers for September’, but gold did not fall in time. This is not difficult to understand. After all, many investors in the market do not buy short-selling accounts after the interest rate hike. But I think there will definitely be a wave of bearish trends in the future. At the same time, some international institutions will use this wave to increase shipments. After all, the U.S. economy is still recovering, so to a certain extent, it will suppress the rise of gold. Judging from the bearish gold in the US ADP data tonight, the US economy has also been developing for the better recently.Therefore, there is a high probability that the speech of the Fed governor later will be bearish on gold.Then this Friday's ’U.S. September quarter-adjusted non-farm payrolls' data will also bearish gold. So the overall gold trend this week is empty!Insist on short-selling! Today's strategy: Short the gold market near 2660, and add a position near 2665! Daily strategy, daily updates, remember to pay more attention,A lot of benefits!
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAUUSD- More of the same today?Gooooood Morning Tradingview 🌄 So for today, no surprise to anyone, I am staying patient 😌 what I would like to see is price reach back up to the orange 5m LQZ, preferably creating some form of structure like a flag, before entering. I do see more of the same, bearish momentum towards the Daily LQZ that never got touched this week. If I "miss" my entry no bjg deal. We have news for the rest of the week with FOMC this Friday- yay! 🤗 As we can see price is inside of a nice descending (parallel) channel - inside of a larger descending parallel channel. I can see price possibly pushing up to create that 3rd touch before melting, but this is a lot of speculation and (educated) guess work on my part. This is a good thing, knowing what to look for before entering. However, I am happy to stay out of the market today if need be to allow price to truly pick a direction. 🌟 As always PIPs Over Profits 💰 I love y'all ✌🏾
OANDA:XAUUSD
by MommaPreneur
1
This week's gold trading strategyThis week's gold trading strategy, be able to understand and follow, there will be a 50% profit this week! News: Everyone knows that the US Federal Reserve cut interest rates some time ago, which added a fire to the entire gold market. In addition, the global geopolitical conflict has ignited the entire gold market, causing the price of gold to reach 2700!For all of us traders, what we want to know most is which direction the market should go next. First of all, the news is that the United States has cut interest rates, and the impact of geopolitical risks has been almost digested by the market, so it is a bit difficult for gold to hit the high point! In addition, after the U.S. interest rate cut, it will definitely focus on economic development, so the U.S. economy will improve next, so the dollar index will rise, and the price of gold will also fluctuate and fall! So I judge that in the next week or so, the gold market will fluctuate and fall! Technical aspects: You can see that the candlestick chart of gold is currently in a downtrend channel. Although it has broken through the top of the uptrend channel, it is not a real technical breakthrough. It is caused by today's US data ‘ISM Manufacturing PMI for September'. Gold will return to the trend next, so it is best to go short at a high level, but go long at a low level in the trend! News forecast: U.S. ADP employment in September (10,000 people)-bearish gold U.S. non-farm payrolls after September quarter-adjusted (10,000 people)-bearish gold This week's point strategy: 2670 short, 2675 increase position 2620 go long, 2615 increase position If you want to see specific trading signal strategies, please consult in the comments area!
OANDA:XAUUSDShort
by Falcon-Training-Camp
1