Strong level / best time to sell on correction from the level (all signals on real account )
The situation with gold (XAU/USD) is currently characterized by several key factors that affect its value. First, the gold price often reacts to changes in economic data and the political environment. The unpredictability of global financial markets, inflation, and changes in U.S. interest rates particularly affect the demand for gold as a safe haven.
Second, there has been a recent increase in interest from central banks in gold holdings as they seek to diversify their foreign exchange reserves. This could lead to additional demand for gold in global markets.
In addition, a strengthening US dollar usually has a negative impact on gold as it becomes more expensive for holders of other currencies. At the same time, geopolitical instability and conflict situations can contribute to the rise in prices for the precious metal as investors look for ways to protect their assets.
At the moment, volatility in XAU/USD quotes can be observed, which creates both risks and opportunities for traders. Technical analysis shows important support and resistance levels that can influence further price movement.
Xauusdsell
XAUUSD: SELL@2514-2528
Gold has a significant support level around 2488. If it breaks this level again, the price is likely to fall further to around 2452. Tomorrow's NFP (Non-Farm Payrolls) data will be released, and given today's ADP data being bullish for gold, there is a high probability that tomorrow's NFP data will also be favorable for gold, barring any unexpected outcomes. However, it is important to watch the market before the data release—if there is an early rally, there is a possibility that the price may see a brief spike after the data release, followed by a sharp decline. If the data comes in surprisingly negative and is bearish for gold, a short position can be taken directly.
NFP Data: Key Trading Opportunities for Gold
Gold has returned to around 2520, with resistance still quite evident. With only one and a half hours left before the data release, market volatility is expected to remain limited. Based on yesterday's data, the likelihood of today’s data being bullish is higher.
There are two trading strategies to consider: The first is to go long before the data release, but keep a tight stop-loss to guard against a surprise bearish outcome. If there’s a profit, close the position promptly. I estimate that if the data is bullish, the price could rise by approximately $15.
The second approach is to wait for the data release and then enter a short position, aiming for a medium-term trade. Given that the current price is already at a relatively high level, even if there is a spike after the data release, it will be challenging for the price to maintain a sustained upward trend.
NF September! Opportunities or challenges for XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) are struggling to build on their recent recovery, hovering in a narrow range below the $2,525 mark during Friday's Asian session. Traders are cautious, awaiting the key US Nonfarm Payrolls (NFP) report. Meanwhile, expectations of a larger Fed rate cut later this month keep the US Dollar in check, supporting gold.
Mixed US employment data this week has raised concerns about the weakening labor market, further fueling demand for the safe-haven metal amid ongoing geopolitical tensions. As a result, gold is poised for a potential breakout and modest weekly gains, with its upside prospects looking favorable.
⭐️ Personal comments NOVA:
There will still be a bearish VIEW for XAU, before the news of FED's interest rate reduction. Today's NF is also expected to be good for the dollar
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2499 - $2497 SL $2494 scalping
TP1: $2503
TP2: $2508
TP3: $2515
🔥BUY GOLD zone: $2450 - $2452 SL $2445
TP1: $2460
TP2: $2470
TP3: $2480
🔥SELL GOLD zone: $2529 - $2532 SL $2536
TP1: $2520
TP2: $2510
TP3: $2500
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
GOLD At Perfect Res ,Can We Sell It To Get 500 Pips This Week ? This 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.
Long USOIL, short XAUUSD
It's Thursday, and today is expected to be a highly volatile day in the markets. OIL has the EIA data release, while gold will be affected by the ADP employment report and initial jobless claims data, both of which will likely have a significant impact on price movements.
Based on the already released API data, the upcoming EIA data is highly likely to be bullish for OIL. Therefore, the primary trading strategy today should focus on buying on dips. As I previously pointed out, both candlestick patterns and other indicators show clear signs of a bottom formation in oil prices. So, barring any unexpected events, today should be a day of gains.
As for gold, with two important data releases today, I expect one to be bullish and the other bearish, primarily setting the stage for Friday’s NFP report. Therefore, today's trading range is expected to widen, with resistance around the 2506-2514 zone and support in the 2468-2452 region.
From an overall perspective, short positions at higher levels offer better risk/reward potential. Hence, today's strategy should be to short first, then look for long opportunities on a pullback, and once the market rebounds, resume short positions after the upward move.
Gold may directly point to the 2465-2455 areaToday I made more gold near 2480 and around 2474, and then lock the profit at the nearby position near 2484. In fact, I have explained very clearly about the trading strategy in the short term.
Because gold faces the resistance of 2486-2488 in the short-term, this is why I chose to close our bulls in 2484 in advance. And the shorts are relatively obvious at present, and we do more gold just to do the game gold will not fall below the support area near 2470. In addition, many people should have a plan to wait for the gold to rebound to short gold in the 2486-2490 area. Therefore, in order to lock the profit in time, I must choose to make a profit near 2484.
At present, the golden short mood is strong. We first observe the performance of gold in the 2486-2490 area. If gold touches the area fall, then we can observe the support of the 2475-2470 region again, and consider making more gold with the support of the area; if the gold breaks through the area in the short term , or even the possibility of continuing to rebound to the 2505 area, then there is no doubt that we can take short gold again!
The operation may be less profitable, but it is undoubtedly a safer operation strategy. Once the gold rebounds to the 2505 area, there is no doubt that the gold is short. If the gold falls and falls below the 2470 region, the gold will directly fall to the 2465-2455 area, pointing directly to our stage goals!
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Gold At Very Interesting Res Area ,Are You Ready To Get 300 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.
XAUUSD: Sell at 2505-2510 resistance zone, target 2490-2480Yesterday was Labor Day in the United States. The amplitude of gold was very small and we did not participate in any transactions. Today the market is back on track and it is time to open our transactions!
Gold fundamentals:
Tensions in the Middle East have escalated again, and risk aversion has rekindled.
Due to the recent positive economic data, the U.S. dollar index continues to rebound, and the ISM manufacturing PMI for August to be released today is expected to rise slightly to 47.5 from 46.8 in July, indicating that the manufacturing industry is recovering moderately, which will continue to support the U.S. dollar. rebound, gold falls.
In addition, the market expects that the United States will create 163,000 new jobs in August and the unemployment rate is also expected to rise to 4.2%. This reflects strong economic fundamentals and further boosts the dollar.
Gold technical aspect:
Judging from the Fibonacci retracement of the decline between the highest point of 2528 and the lowest point of 2490, 2505 is 0.618 and 2510 is 0.5, so this range is the resistance to gold's rebound.
Trading strategy:
Since the direction is clear now and 2505-2510 is the resistance area, we can sell in this range.
GOLD +450 Pips 0 Drawdown , Free Long Trade Shared For Free !This 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.
Continued correction from the level. Time to sell from the levelContinued correction from the level. Time to sell from the level.
The gold market is currently characterized by high volatility and uncertainty. Gold is trading at levels that can serve as both support and resistance, depending on macroeconomic factors such as inflation, interest rates and global economic instability. Investors will turn to gold as a safe haven amid the risks associated with financial markets. Analysts are watching how gold prices react to news of changes in central banks' monetary policies, which could affect its value in the short and long term. There is also interest in gold as a hedge against a potential recession.
Boldly short goldDue to the cooling of the Fed's interest rate cut expectations, the strengthening of the US dollar index and the profit-taking of some chips, gold barely held the 2500 mark. During the day, gold fell back to around 2490. As gold fell, the upper resistance fell accordingly, and the current short-term resistance has dropped to around 2510.
If gold cannot recover above 2510 today, then gold will continue to fall. Since gold is already trying to test the 2490-2495 area. According to the current weakness of gold, the support in this area may be broken at any time. Therefore, it is entirely possible for gold to continue to fall and test the 2485-2480 area, and it may even continue to fall to around 2470, pointing directly to our staged target area.
So in today's trading, we are still mainly shorting. As long as gold cannot recover above 2510, we can boldly short gold in short-term trading! Now I continue to hold my short position and look forward to further expansion of profits!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: Wait for a rebound and choose to sell at a high levelLast Friday, as the performance of the US PCE data did not support the Federal Reserve's 50 basis point interest rate cut, the US dollar index rebounded and gold investors took profits, which caused the gold price to fall directly below the 2,500 round number mark. Considering that the U.S. market is closed today, the market fluctuations will not be too large, so we mainly do range-based sell-high and buy-low transactions.
Judging from the Fibonacci retracement indicator of this decline, the upper resistance is mainly in the 2504-2510 area. If the level is broken here, the gold price will return to the high area again and continue to try to set a new high, but this may be difficult today. Appear. The lower support is mainly in the early intensive support area 2470-2480.
So my strategy today is to sell high and buy low in this area. The gold price is now around 2500 points. If it continues to rise to the 2504-2510 area later, I will choose to sell first.
Today is not a major trading day because the U.S. market is closed. There will be multiple major data release days in the next few days this week. This is the key point. Everyone can relax today. We will trade if we have the opportunity. If there is no opportunity, we will not trade.
Resistance area: 2504-2510
Support area: 2480-2470
XAUUSD:Bullish resistance 2513-2527
This week features a significant amount of data with substantial impact, which is likely to lead to considerable market volatility. This presents both risks and opportunities—if managed well, doubling profits is achievable.
In Monday’s gold trading, start by taking long positions since the market is still consolidating within a flag pattern and has not broken below the support near 2488. Focus on the resistance levels at 2509-2515 and then around 2527. This resistance level is well-known and has been tested four times without an effective breakout, so it’s prudent to trade within this range for now.
Given the recent instability in the broader environment, there’s potential for gold bulls, but this assumes further deterioration in the situation. If the market remains indecisive, bulls may lack the strength to drive a significant rally. From a mid-term perspective, I personally believe that selling at higher levels may be more favorable.
Gold reversal zone. Selling with a correction Gold reversal zone. Selling with a correction
The situation in the gold market is currently at a level of heightened investor interest due to several factors: global economic uncertainty, inflation risks and political instability. Gold prices are showing steady growth and remain at high levels due to its status as a safe-haven asset. Central banks of some countries continue to accumulate gold in their reserves, which also supports its value. At the same time, rising interest rates may put pressure on the prices of gold assets, as investors may prefer higher yielding instruments. Analyzing changes in economic indicators and geopolitical situation becomes important for predicting further movement of gold prices.
GOLD H1 Analysis: Two Different Perspectives GOLD: Two Different Perspectives
Yesterday, I provided a broader time frame perspective on GOLD and detailed why it might move down again.
Given the market’s lack of clear direction, we should remain cautious as the price evolves.
This time, I am sharing my opinion on two possible scenarios, acknowledging that traders have different perspectives and the price is at a critical juncture.
Bearish Scenario:
The price is testing a strong zone near 2530 for the fourth time, as seen in the chart. If this zone holds, we could see GOLD moving down to 2504. A move below 2504 could push the price further down to 2483.
Bullish Scenario:
A move above 2530 today could push the price up to 2550, which might become the next resistance zone where we could see potential bearish momentum again.
However, I am more focused on the bearish move, as I have explained my opinion several times.
You may find more details in the chart!
Thank you and Good Luck!
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XAUUSD:Flag pattern consolidation, watch for the breakout direct
Gold continues to fluctuate at high levels. Keep an eye on the resistance. If it breaks through, we could see a significant rally next week. If it fails to break through, you can continue trading within the 2480-2520 range until the market decides on a direction.
If the support is broken, the next low could appear below 2450. If the resistance is broken, the high has a chance of reaching the 2543-2558 range.