XAUUSD - Longs only for nowThere are couple of long levels I will be watching closely!! 2570 & 2559.. Currently, 2578 level is holding.. There is also a possibility that it may not break below 2578, and goes higher from here!!
Gold is due for a little pullback, but not until this weeks FOMC. I will try to look for selling opportunity only after the FOMC meeting..
Xauusdlong
Gold has not stopped increasing, long-term sell ordersI update you with the price levels to pay attention to when placing orders. For Sell Scalping orders, pay attention to the red levels at the price points 2595 - 2611 - 2620. For Buy points, 2575-2571- 2554 - 2545. These levels have a maximum SL of 3 prices. Never hold on to more than this level and the points around 2530-2526. This is a long-term swing order zone for Buy, which is expected to be received next week, because there will always be a correction wave. Looking at the market today, the daily and weekly frames are both strong forces for Buy to completely dominate. So if there is any Sell today, just scalp for a short time, and Buy is the main one to be safe. Because today, it is only scalping, so I will only show you the price levels on the Futures market because it has higher accuracy than CFD. Because if Buy holds for a long time, you are afraid of hitting the top, but Sell is afraid of being blocked by the ship. Because gold is at a new ATH peak, there will be no good resistance points. Where to Sell, most analysts currently only use Fibonacci as a price barrier, but it is also risky when the market's upward force is as strong as this, I am busy today and tomorrow I will be online in the market with you, so if you trade today, pay attention to the above price levels, these price zones will change every day and need to be updated the next day, I remind you again that if the price reaches the green liquidity points I marked, Buy is safer, and the red points Sell is high risk, if you do not have knowledge or are weak in knowledge, do not pay attention to the red points, because trading against the wave and trend has a very high possibility of loss, the wave is still expanding and has not shown any signs of stopping, so please pay attention.
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World market
At 06:18:28 09/17/2024, the world gold price stopped at 2,582.76 USD, up 3.73 USD/Ounce, (equivalent to 0.14%) compared to yesterday.
Converted according to the current exchange rate at Vietcombank, the world gold price is about 75,918 VND/tael (excluding taxes and fees).
At the beginning of the trading session on September 16 (US time), the world gold price set a new record at 2,588 USD/ounce. However, immediately after that, profit-taking activities of investors caused the gold price to decrease.
Precious metals received optimistic signals from the US Federal Reserve (Fed) at the monetary policy meeting taking place this week. The market is leaning towards the possibility that the Fed will decide to cut 25 basis points.
What's Next For Gold?Getting back to the charts after a lot of travel. Here is a gift to trading community from me while I get back into the grind. Gold is setting up a tricky move after a lot of sharp repricing. I expect yesterday's high to be taken and then a movement lower. Prices listed on the chart.
GOLD M30 Analysis 100%Hello traders,
GOLD is expected to experience a very minor correction, presenting a buying opportunity.
NO BEARISH OPPORTUNITY!
Selling Is Risky!
Bullish Opportunities:
We are anticipating a possible scenarios for gold prices;
Gold may experience a minor downturn to the $2578-$2572 range, where we will seek confirmation and consider entering a long position.
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Wait for gold to pull back, don’t chase longs for nowGold bulls are rising higher and higher, without any pullback. It's Friday now, so there's no need to chase the rise. Slow rises are often followed by sharp declines, so don't chase the longs easily. Gold is a bit stagnant, short at 2579.
Gold has limited room to rise further. The room for gold to rise further is limited. If you don’t chase the long position at the high level, you won’t be given the opportunity to go long if it doesn’t pull back. So once it pulls back, the magnitude will be huge.
Gao Jin breaks through new highs, how to trade?Gold soared yesterday and is currently in the 2568 area. Today, the rising speed has obviously slowed down. According to the current trend, pay attention to the 2570-0575 area on the top. Don't blindly chase the rise. It is recommended to rely on this area to short once, and the target is the 2550 area. If it does not break 2550, then you can continue to go long. If it breaks 2550, then be careful of gold reversal
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Waiting for Gold's correction! XAU downXAU / USD trend forecast September 16, 2024
Traders lifted bets for an oversized interest rate cut by the Federal Reserve amid signs that inflation in the US is subsiding, which continues to act as a tailwind for the non-yielding yellow metal.
According to the CME Group's FedWatch Tool, the current market pricing indicates over a 50% chance that the US central bank will lower borrowing costs by 50 basis points later this week.
The expectations were fueled by the softer US Consumer Price Index (CPI) and the Producer Price Index (PPI) reports last week, which provided further evidence of easing inflationary pressures.
Based on M45, TRENDLINE to set up SELL signal, wait FOMC news
/// SELL XAU : zone 2603-2606
SL: 2611
TP: 50 - 150 - 200 pips (2586)
Safe and profitable trading
Is $2600 approaching XAU price?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) climbed for the third consecutive day, hitting a new all-time high of $2,589 during Monday’s Asian session. Traders are factoring in the possibility of a larger Fed rate cut due to signs of easing US inflation, which has weakened the US Dollar near its yearly low, boosting gold.
Additionally, US political uncertainty and ongoing geopolitical risks continue to support demand for the safe-haven metal. However, a positive tone in global equities limits further gains. Traders are cautious ahead of key central bank decisions from the Fed, BoE, and BoJ this week.
⭐️ Personal comments NOVA:
Gold price is still on the path to increase in price to reach a new ATH - Positive FOMO from the market before the news of interest rate reduction this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2565 - $2563 SL $2558
TP1: $2572
TP2: $2580
TP3: $2590
🔥BUY GOLD zone: $2551 - $2549 SL $2544
TP1: $2557
TP2: $2563
TP3: $2570
🔥SELL GOLD zone: $2600 - $2602 SL $2607
TP1: $2590
TP2: $2575
TP3: $2560
⭐️ 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
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Broke The Res , Best Place To Buy Clear Now To Get 500 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Historical high for pullback target 2500Historical high for pullback target 2500
Fundamental Analysis of XAU/USD
US Federal Reserve Monetary Policy:
Interest Rates: Higher US rates make the dollar stronger and reduce the attractiveness of gold, as the precious metal does not pay interest. Lower rates, on the contrary, weaken the dollar and increase demand for gold.
Inflation: Gold is often used as a hedge against inflation. Rising US inflation could push gold prices higher.
Economic and Geopolitical Risks:
Gold has traditionally been a safe haven asset, which is in demand during times of economic uncertainty or geopolitical crises. Examples include global financial crises, military conflicts, and tensions between countries.
US Dollar Rate:
Since gold is quoted in dollars, the movement of the USD rate directly affects the price of gold. A weak dollar makes gold cheaper for foreign investors, which increases its demand.
Gold Demand:
Physical Demand: Industrial demand, jewelry demand, and investment demand (through gold ETFs) are also important for gold price dynamics.
Central Bank Stocks: When central banks buy or sell gold, it can have a significant impact on its price.
XAU/USD Technical Analysis
Technical analysis uses price charts and indicators. Some popular methods of analysis include:
Trend Lines:
Analyze the long-term trend (upward, downward, or sideways). If the trend is up, gold may continue to rise unless there are signs of a reversal.
Support and Resistance Levels:
Identify key levels where the price has bounced or held off previously. These levels can be used to decide when to enter or exit a position.
Indicators:
Moving Averages: Used to analyze the general direction of a trend. A crossover of a short moving average with a long moving average from top to bottom may indicate the beginning of a downtrend, and vice versa.
RSI (Relative Strength Index) indicator: Shows whether an asset is overbought or oversold. Values above 70 indicate overbought, below 30 indicate oversold.
MACD (Moving Average Convergence Divergence): Helps to assess changes in the strength and direction of a trend.
Candlestick patterns:
Some candlestick combinations, such as Hammer, Engulfing, or Doji, can signal a price reversal or continuation of the current trend.
Gold Breakout and Retest StrategyRecent Breakout: Gold has already broken through a strong resistance level and moved significantly higher.
Pullback Scenario: Now, I’m watching for a potential pullback where the price could retest the new support level, which was the previous resistance.
Bounce Opportunity: If the price successfully retests and holds the new support, we could see a bounce, providing a good entry point for a long position.
Confirmation: Wait for signs of bullish momentum or candlestick patterns (e.g., bullish engulfing, hammer) at the support level to confirm the bounce before entering the trade.
Risk Management: A stop-loss can be placed just below the new support to protect against a failed retest or further decline.
GOLD Will Remain Bullish Tomorrow As Well 100%!Hello traders,
GOLD is expected to experience a very minor correction, presenting a buying opportunity.
NO BEARISH OPPORTUNITY!
Bullish Opportunities:
We are anticipating two possible scenarios for gold prices;
Scenario 1: Gold may experience a minor downturn to the $2576-$2573 range, where we will seek confirmation and consider entering a long position.
Scenario 2: Alternatively, gold prices may extend their decline to the $2568-$2565 range. While this scenario has a lower probability due to the current buying momentum, it still presents a potential buying opportunity
XAUUSD M30 IdeaGold Prices Record High Amid Fed Rate Cut Speculation
- Gold reached an all-time high of $2,586 per ounce last week, rising over 3.25% as speculation grows about a potential U.S. Federal Reserve rate cut.
- Traders are betting on a larger-than-expected cut, potentially 50 basis points, to stimulate the economy, which has been impacted by inflation concerns and global uncertainty. This surge marks gold’s strongest weekly gain since mid-August.
• Rate Cut Expectations Drive Gold’s Rally
- The likelihood of a 50-basis-point rate cut has grown to 50%, up from just 14% earlier in the week.
- Speculation surrounding aggressive Fed action has boosted gold’s appeal, as lower interest rates make non yielding assets like gold more attractive.
• Support from U.S. Dollar, Bond Yields, and Global Easing
- Despite gold's rise, the U.S. Dollar Index saw a slight gain, while bond yields fell, with the 10-year Treasury dropping 2.1 basis points. Lower bond yields decrease the opportunity cost of holding gold, further driving its appeal. Meanwhile, global monetary easing, including a rate cut by the European Central Bank (ECB), and increased gold reserves by central banks, especially in emerging markets, have added to the metal's strength.
• Looking Ahead: — Gold’s Outlook
- All attention is now on the Fed’s upcoming meeting, where a rate cut is widely expected.
- The market anticipates a 25-basis-point reduction, though there’s a 49% chance of a larger 50-basis-point cut. A larger cut could push gold prices above $2,600 per ounce. The Fed will also provide projections on future rate cuts, which could suggest further easing in 2024, supporting gold’s bullish trend.
- In the short term, gold prices are likely to remain strong, with the possibility of testing new highs depending on the Fed’s actions.
- If the central bank continues to ease monetary policy and inflation moderates, gold could remain a favored asset, particularly if bond yields remain low.
Xauusd long Target Gold preserves its bullish momentum and trades near $2,580 after setting a new record-high slightly above this level. The 10-year US Treasury bond yield stays in the red below 3.7% as markets reassess the odds of a large Fed rate cut, helping XAU/USD push higher.
Gold (XAU/USD) breaks out of its multi-week sideways range and surpasses the previous record highs of $2,531.
The precious metal has met its previous target at $2,550, generated after the original breakout from the July-August range on August 14, and now sets its sights on the next target at around $2,590.
Gold now sell support 2550
Resistance 2621
Confirm signal
Don't miss my chart
Follow my chart
XAU/USD - BULLISH ENTRY
When looking at the D1 chart of Gold, the market has broken structure to the upside, creating a new higher high (HH) and validating a new higher low (HL). The market rallied, consolidated, and further rallied. Now, we anticipate the market to retrace into the Consolidation Base, which is the blue zone also known as the order block. We plan to look for buying opportunities between Tuesday, Wednesday, and Thursday during the New York session. SL should be placed below the blue zone and the TP at the high.
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024
🔥 World situation:
Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%.
CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%.
🔥 Identify:
Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638
🔥 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: $2602, $2638, 2676
Support : $2559, $2531, 2505
🔥 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
The historic high in the value of gold. Where to next? The historic high in the value of gold. Where to next?
At the moment, the situation on the XAUUSD (gold vs. US dollar) market is showing interesting and volatile movements. In recent weeks, we have seen price fluctuations due to a number of factors such as changes in the monetary policy of the US Federal Reserve, global economic instability and increased interest in safe assets amid geopolitical risks.
Gold prices often react to news about inflation and interest rates. When expectations of rising interest rates increase, this can put pressure on gold prices as precious metals do not generate interest income. However, when uncertainty in the economy or risks increase, investors seek safe haven assets such as gold, which usually drives prices higher.
XAU / USD ! Upward price trend awaits ! 4th quarter 2024🔔🔔🔔🔔 NOTE
XAU/USD overview: in September 2024
🔥One thing worth noting:
✅7 resistance tests: 2528-2531
✅3 times support testing: 2472-2470
Another very important price zone at the end of 2024. Decide the future trend for Gold
🔥With 7 resistance tests: shows that buyers have the majority - overwhelming. However, it cannot be overcome. NOVA thinks the main reason is because large funds - coordination of countries want to adjust prices to reach ATH at the appropriate time (for example: September interest rate reduction, November US presidential election).
🔥Technical H4 frame: supports a very nice Uptrend
🦋🦋Technical - economic / political combination. To decide the appropriate trend and time
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NEW ATH: 2560 - 2590 - 2650
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⭐️ 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
FOMO - reach higher ATH! XAU maybe reach 2590⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) held onto modest gains early Friday, trading near the record high of $2,565-$2,570. Thursday’s softer US Producer Price Index (PPI) report signaled easing inflation, boosting expectations of a larger Fed rate cut next week. This was supported by falling US Treasury yields and a weaker US Dollar, benefiting the non-yielding metal.
Geopolitical tensions in the Middle East and the Russia-Ukraine conflict also bolster gold's safe-haven appeal. The recent breakout from a multi-week range suggests further upside, though bulls may remain cautious ahead of next week’s key central bank decisions from the Fed, BoE, and BoJ.
⭐️ Personal comments NOVA:
Break old ATH 2531, fomo Gold price has huge buying pressure. Continue to expect the price range of 2590, the new ATH for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2547 - $2545 SL $2542
TP1: $2552
TP2: $2560
TP3: $2570
🔥BUY GOLD zone: $2530 - $2528 SL $2523
TP1: $2540
TP2: $2550
TP3: $2560
🔥SELL GOLD zone: $2590 - $2592 SL $2597
TP1: $2575
TP2: $2560
TP3: $2550
⭐️ 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