Up, up, up. Can't stop at allThe situation in the Middle East is still tense, and there is still no sign of easing. Before the Fed's signal of rate cuts, gold has broken through a new high again.
I don't recommend chasing shorts. People are afraid that they will enter at the top and then be trapped. So people are afraid, and we should be more greedy.
As long as gold does not fall below 2490, any downward trend is an opportunity for us to go long.
Xauusdlong
Sleeping Giant Awakes: Gold's Path to $2,800If you haven`t bought Gold before the previous breakout:
Now I am optimistic that GOLD is on the cusp of reaching a new all-time high, with a target of $2,800 by year's end, driven by a significant breakout.
The bullish sentiment is clearly reflected in the options chain for major gold miners!
Provided that gold maintains its position above the crucial support level of $2,428, the bullish trajectory remains intact. We foresee gold not only surpassing its historical high of $2,483 in the near future but also advancing to $2,800.
After lying dormant for many years, this sleeping giant appears ready to awaken and exhibit remarkable growth.
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.
Gold Testing Rising Wedge Upper Trendline, will Dump frm Here???in this analysis , i m analysing gold chart on daily and 4hr. on daily there is rising wedge pattern gold yesterday tested upper trendline on the chart pattern. on lower-timeframe we can see reaction bt as we seen gold is going parabolic frm few months, things may go very wild frm here
XAU/USD Longs from 2,460.000 back up?As price has made new ATHs and swept that liquidity, I now expect price to retrace and come back down, as it seems like the bullish pressure will gradually die down. Once this happens, it will likely cause a correction, bringing the price back down to the 19-hour demand zone.
Once price enters the zone, I will wait for a Wyckoff accumulation on the lower time frame, which will allow for a precise entry. If price breaks past the zone and enters the daily demand, then I will expect a major buyback, as it's a valid zone sitting at a cheap price.
Confluences for GOLD Buys are as follows:
- Price has taken ATHs, indicating that it is very bullish on both the higher and lower time frames.
- A lot of liquidity has been swept, so price will likely retrace to continue its order flow.
- There is a strong demand zone that has caused a break of structure to the upside.
- Imbalance above the 19-hour demand zone needs to be filled before mitigating demand.
- This is a pro-trend trade idea, and with ongoing wars, I only expect gold to become more bullish.
P.S. If price changes character to the downside and leaves a significant supply, I will then wait for a short-term sell to take it back down toward my original POI (19-hour demand zone).
XAUUSD: Continue to go long after the gold price pulls back.Strong support position 2458-2464.
The first buying point is around 2370.
The second buying point is around 2464
The third buying point is around 2458.
The upper space. Without the influence of the dominant news, the target is 2480. If there is a positive impact of the dominant news, the target is 2500. COMEX:GC1! OANDA:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
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.
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
XAU/USD Gold Mines Robbery PlanMy Dear Robbers & Traders,
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Gold buyLast week gold was in a downward 👇 momentum then at the end of the week gold has turned up to bullish momentum as you can see on my chart gold can go to its extended fibbonaci level of 38.2 which is marked as 2519 level and next resistance can be 2530 but the the chances to see gold moving back from 2519 tp 30 level so till now for the next week we can a consolidation on this level and gold can move back too
RALLY BASE RALLY GOLD IS STILL RUNNING ON BULLISH 2650?RALLY BASE RALLY GOLD IS STILL RUNNING ON BULLISH
There Will Be A Small Correction Gold Next Week And Again Will Fly High As The Price Action. Gold Has Break The Major Resistance Level Last Friday So Potentially Gold Can Reach 2650 Level Before Fall.
Daily Candle Has Closed Strongly And Also The Weekly Candle.
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
Xauusd long Target Gold retreats after setting a new record high of $2,500
Gold stages a technical correction and trades below $2,490 after setting a new record high of $2,500 earlier in the day, boosted by falling US Treasury bond yields. Profit-taking could ramp up the volatility heading into the weekend.
Gold is pulling back from the range ceiling it was pushing up against for most of the earlier part of the week. The short-term trend is probably sideways and, given “the trend is your friend”, is more likely than not to extend in that direction – oscillating within its range.
Gold appears to have begun a fresh down leg within the range. It will probably now move down to $2,400, perhaps even reaching the range floor in the $2,390s. Due to the fact the range is tapering slightly, it might also be seen as a triangle pattern in the latter stages of development. A break below $2,432 (August 15 lows) would help provide additional bearish confirmation the down leg was evolving.
Gold now sell 2506
Target 2495
Target 2480
Target 2450
SL 2530
XAUUSD Bullish momentum started again**Monthly Chart**
XAUUSD monthly candle closed as doji due to the sideway movement of this pair between the High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. Due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades.
XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold.
Last week, we saw a big selloff in XAUUSD for profit-taking after it reached a new record high. While the long-term outlook for the XAUUSD (Gold) is still bullish.
**Weekly Chart**
Last week's candle closed bearish after testing the midlevel of the previous week's key reversal. It has also tested the IPA of the 1st July 2024 week at 2,353.195 before moving higher. This has confirmed that the sell-off was completed and the buyers are entering the market as it pushed XAUUSD higher.
**Daily Chart**
Last week's move was a continuation of the previous weekly sell-off move and only tested the relative daily low at around the 2,353.19 level before it turned around and started a bullish move. For this week I expect to continue to be bullish and we will probably see a new high formed above 2,500 level in the coming weeks.
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.
Will gold rise to 2530 today?
If gold breaks through 2498, then the price that gold will gradually break through is
1/2505-2507 (if the price does not stop rising, it will continue to break through)
2/2518-2523, you can try to sell a small amount at this price
3/2530-2533 I think the highest point of the price if it continues to rise today
You can trade according to this price range