Again ATH Or 2475 Tomorrow? In This 4H Scenario I Only See These Levels As For Tomorrow.
Either Another ATH Or Will Reach Again To 2475.
Still Couldn't Break Daily Resistance And Fib 0.7 So Potentially A Fall Can Be Happen. But If Gold Stable Above The Current Level Of High Volume Zone (2510 - 2514) Gold Will Push up like Nothing Hold It.
For More Conformations Gold Need To Move.
1H TF Will Update After Market Move.
Happy Hunting guys
Xauusdlong
XAUUSD - will a new ATH appear after 5 wave correction?👉Now let's go to the most standard trading points for today, guys, looking at the large frame wave, I don't dare to Buy high and hold long, because I'm seeing a liquidity structure according to ICT, the candle is also a bit short for long Buy orders, looking at the wave, I also see 5 waves, so today we only scalping liquidity, now the price has gone up to 2523, I'm considering entering a continued sell scenario
👉Sell long, today Monday only bet on liquidity within the range, when betting on liquidity, SL is maximum 3 prices, TP is also from 3-6 prices, the liquidity milestones you should pay attention to for scalping today are as follows,
👉Buy Scalping pay attention to the area: 2503 SL 2500
Sell Scalping: 2517.50-2518 SL 2520
Sell Swing: 2523 SL 2527. Long-term TP
👉This is my prediction for today's direction, we still have to consider the real time, but the price zones I give above are the zones that need to be considered when entering orders or applying
RSI to catch Entry.
Strong level for sale Gold is now at a resistance level, which makes it more attractive for selling. This is happening against the backdrop of fluctuations in financial markets and expectations of changes in monetary policy in major economies. If the price fails to overcome this level, a reversal or correction is likely, which may lead to favorable conditions for asset sales. Therefore, selling gold in the current situation may be strategically justified.
Translated with DeepL.com (free version)
XAU end of August, still expecting new ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/26 - 8/30/2024
🔥 World situation:
Gold prices rose by over 1% on Friday, reaching $2510, as the US Dollar and Treasury bond yields fell after Federal Reserve Chair Jerome Powell's dovish comments. Powell expressed confidence that inflation is moving towards the 2% target and suggested that rate cuts are on the horizon. The price of XAU/USD rebounded from a daily low of $2484 following Powell's remarks, where he emphasized the need for policy adjustments and highlighted the Fed's focus on maximizing employment.
🔥 Identify:
The correction down to the 2472 zone (BREAK AND RETEST) happened very quickly. Gold price continued to be excited by the market, increasing above the 2500 zone, still optimistic about the price at the end of August 2024.
🔥 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, $2559, 2592
Support : $2498, $2472, $2450
🔥 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.
Xauusd weekly chart Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold continues to test the mid-July all-time high at $2,484/oz. and is likely to do so again but slightly further out. The daily chart remains technically bullish - short-term higher lows and supportive simple moving averages – with initial support off the 20-dsma at $2,417/oz. followed by $2,400/oz. A break below $2,380/oz. would negate the short-term bullish outlook.
Gold confirm signal weekly chart
GOLD IS GONNA HIT 2600 SOONHello Guys Hope You Are Doing Great.
So Let's Dive In The GOLD.As My Expectation On Gold Elliot Wave Analise That I Publish Last Week Is Still The Same For The Rest Of the market Structure. As My Expectations Gold Has Bounce Back From The Nearest Daily Resistance (Daily RBS) After Making The ATH Last Week And Now Again At The Level Of Last Daily Resistance.
There's A Higher Chance To Break The Daily Resistance On Monday Or Tuesday Next Week. If Only Break this Daily Resistance Gold Will Push Up Maybe Without A Pullback Fore At Least 500 - 1000 Pips On Straight. Because Powell Show A Green Light For The All Markets With Last Week Speech That Indicate That In The Near Future The Will Be Interest Rate Cuts But If Not Gold Will Touch The SWAP Zone Faster Then Ever.
So This Is My Next Week Expectation On Gold.
Wait For More LTF Analise Soon.
XAUUSD GOLD Mines Bullish Robbery Plan To steal the GoldMy Dear Robbers / Traders,
This is our master plan to Heist XAUUSD GOLD MINES based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish 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 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 Swing Low
Stop Loss : Recent Swing Low 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
Gold to $2820 by Jan 2025?Hello traders,
I'm sharing my analysis of the gold chart (XAUUSD) on a monthly logarithmic scale, which helps provide a clearer perspective on the broader trend and avoid confusion.
I'm suggesting a long position or investment targeting the $2820 to $2870 range. Here’s why:
Cup & Handle Pattern: I’ve identified a cup & handle pattern that points to a target range of $2820 to $2870, indicating a potential upward move.
Uptrend Wave Study: Analyzing the current uptrend wave from 2016 to now, we can observe a semi-flag pattern from August 2020 to November 2023. This pattern recently broke out, signaling a continuation of the upward trend towards the $2.8K area.
Daily Chart Analysis: On the daily chart, I've analyzed and marked a flag pattern with a cyan rectangle, targeting $2825 by January 2025. To determine this, I measured the time from the 0% to the 61.8% Fibonacci level (143 bars) and applied the same period (143 bars) from the 38.2% to the 100% Fibonacci level, as shown in the chart below.
Please check my previous analyses on NVDA and BTC to see how useful the logarithmic scale is when dealing with large numbers and charts that show a steep upward trajectory.
As always, I recommend conducting your own research and analysis before making any trading decisions.
XAUUSD Longs from 2,490.000 back upMy analysis for gold this week focuses on buying from the 17-hour demand zone, where I expect price to create a new impulsive move to the upside that could potentially take out the previous all-time high (ATH) again. Currently, we see price sweeping a lot of liquidity and family supply zones from last week, which may slow down price and lead it into my 30-minute supply zone.
I will approach this zone cautiously, as it involves counter-trend selling from that point of interest (POI). However, it's an extreme zone at a premium price that remains unmitigated, so I'll watch the price action closely on Monday's open to see if price starts retracing or enters the supply zone.
Confluences for GOLD Buys are as follows:
- Liquidity above that needs to be taken.
- The market is very bullish on both lower and higher time frames, making this a pro-trend trade idea.
- Fundamental and sentiment-driven news also suggests that price will remain bullish.
- Price failed to hold two new supply zones last week.
- A 17-hour demand zone has been created, which looks promising for possible buys.
P.S. If the ATH is taken out and my 30-minute supply zone fails, I will wait for a new demand zone to form closer to the price before looking for a new supply. Ideally, we get that retracement before continuing the bullish move.
Have a great trading week, guys!
XAUUSD Strong Bullish Bias**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 on Monday—5th August 2024.
August monthly candle is still bullish and recorded an all-time high at 2,531.76
**Weekly Chart**
Last week, the candle closed as an indecision doji candle, after recording a new high on 20th August. However, the long-term bias is still bullish, and there is a high probability that XAUUSD will reach a new high in the coming weeks. The price tested 50% of FVG candle of the previous week at around 2,470 then pushed higher after the Fed Chair Power's speech during the Jackson Hole Symposium on Friday.
**Daily Chart**
Last Friday's candle closed as a bullish manipulation candle (or Order Block candle), after testing the IPA (FVG) the previous day and moved higher.
All time frames are aligned, and a higher move for XAUUSD is suggested. I will only look to buy at retracement with good risk parameters for a target above the 2540 level.
Look for entry points from lower time frames such as 4H and 1H.
XAUUSD: Gold prices will continue to reboundGold price can be bought when it retreats to 2496-2491. Investors with large funds can enter the market in advance.
tp2510.
sl2480
Risk events continue to ferment. Gold prices hit a new low of 2470 and then continued to rebound sharply. It has now risen by 30 US dollars.
Many people are often blind in their operations. But members who continue to pay attention will know the accuracy of my signals. This week is another week of big profits.
The trend of buying high and selling low is always correct. Don't scalp trading. That's very risky. Especially for novice friends.
At the same time, trading mentality is often a major reason for everyone's trading failure. So if your trading mentality is not good, then your trading will fail.
But here, whether you are a novice or a person with rich trading experience, or a person with a bad mentality, you can get my precise guidance to make better transactions. Because trading is to make greater profits, rather than to expand losses in anxiety. Follow me. Make trading easier.
XAUUSD 4HR Analysis UpdateGolds Bull Run
Following my recent analysis post where I identified a key pivot zone leading into the next price impulse surge we are now running profit with momentum in our favour and the first phase of the analysis completed, going forwards I am looking for price to push a little further into the 2520's where I will await a suitable correction followed by various conformations affirming the continuation of golds ascent and another long opportunity.
As suggested todays powell speech and other red flag events helped surge the price off the floating ema support, dynamic support and resistance and key order block pivot S+R level, with further jackson symposium events on saturday and durable goods orders on monday we could see price continue the bullish favour heading into the opening of next week.
What is your thoughts on the future of price movement for this precious metal ? Let me know in the comments below.
XAUUSD 4HR Analysis + Trade Idea🚀💰 Gold's on a Roll ! 💰🚀
Last week, # XAUUSD hit an all-time high of $2529, only to take a dramatic dip back to the 2470-80 zone, finding strong support from the 50 EMA, dynamic trendline, and a key S+R order block. 📉🔄 But don't be fooled by this correction—gold is gearing up for its next big move! With factors pointing towards continued growth, we could see it break out of the $2500s in no time and aim for a whopping $3000 or even $5000! 📈✨
As we wait for tomorrow's statement from Jerome Powell, the market is buzzing with anticipation. Will gold continue its ascent? 🤔🔥 Keep your eyes on the charts! 📊👀
What's your next move? Let me know in the comments! ⬇️💬
XAUUSD:Longs closed in the 2488-2496 range
Gold started to rebound after touching the support near 2482-2473. It is still in the rebound stage. From the graph, the resistance of the rebound should appear near 2488-2496. At that time, we need to pay attention to the breakthrough of the resistance.
I think the probability of a direct breakthrough is not high, because when it falls below 2500, it has become a strong resistance again. If you want to return to above it, you need to accumulate strength. Therefore, in the process of long trading, the TP setting should not be too high, and it can be controlled in the range of 2488-2496.
Making money is not something that can be achieved overnight. You can't have the mentality of getting rich at once. A step-by-step trading method will reduce risks, and steady trading can allow us to survive in this market longer.
Gold W Formation on H1 @Relevant Levels for HTF InvestorsHello Ladies and Gentlemen,
I took this long at the price that you can see on the video, the stop loss is quite large with $130+ of room, however you may make yours larger or smaller.
A larger one would of course mean higher probability but less risk to reward.
ENDING DIAGONAL ! CORRECTION OR KEEP PUSHING UP ? Last Friday Gold Make The History Again By Making New ATH And That The Psychology Level Of 2500 , And All The Way Up To 2509.8 Marking As New ATH (For Now) By Closing Above 2500 Weekly/Daily And 4H Candles Strongly.
What drives Gold Now ?
No Any Good Resistance
Fundamentals Are Good For Gold
War Is Still Going On
But As My Simple Elliot Wave Annualize Gold Has Make A Ending Diagonal Pattern Here. Ending Diagonal Is Indicating A Reversal Sing Of Gold If Follow Technicals. But Have A Doubt About That Because Of The Behavior Of The Gold Is So High Demand As Same Time. If The Diagonal Break Is Solid Gold Can Again Make A Motive Until Price Reach 2650 .
Will See On Next Week What Will Happen.
Wait For More Update
XAUUSD: 2500 is not broken, so it can continue to be bullishGold Market Fundamentals:
Investors are largely convinced that a rate cut will happen in September, with the U.S. Dollar and Treasury yields continuing to decline, providing strong support for gold prices. Revised data from the U.S. Department of Labor reflects growing Fed concerns over the labor market, reinforcing expectations of a rate cut. Escalating geopolitical tensions in the Middle East and the stalled ceasefire negotiations in Gaza are also supporting gold prices.
Fundamentally, the market remains optimistic. Global economic slowdown, trade tensions, and geopolitical risks are all factors supporting gold prices. Meanwhile, increasing expectations of a Fed rate cut are likely to further weaken the U.S. Dollar, creating favorable conditions for gold.
Gold Market Technicals:
On the 1-hour chart, gold prices have repeatedly tested the 2500 level as a key support, and it appears strong, with multiple pullbacks failing to break through. Additionally, the MACD indicator has formed a double golden cross pattern, indicating the potential for further price increases.
Trading Strategy:
Based on the above analysis, we maintain a bullish outlook today. However, close attention should be paid to the 2500 support level. If this level is broken, the pullback could intensify. Therefore, monitor the 2500 support closely, and I will update the strategy in the channel if any changes are needed.
Support Range: 2500-2488, 2460-2475
Resistance Range: 2520, 2531
Intraday Risk Data:
U.S. Initial Jobless Claims
U.S. August PMI Data
U.S. July Existing Home Sales
Focus on Powell's speech tomorrow