Sideway accumulation - XAU around 2500⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped on Tuesday as the US Dollar showed modest recovery. However, Jerome Powell’s hint at Jackson Hole about potential rate cuts could lend support to the precious metal, as lower interest rates make gold more attractive. Rising tensions in the Middle East may also boost gold’s appeal as a safe haven.
China's central bank (PBOC) paused gold purchases for the third consecutive month in July, raising concerns. Traders are eyeing August data for new clues, but worries over China's sluggish economy and declining demand for precious metals could weigh on gold prices.
On Tuesday, the US will release its Consumer Confidence and Housing Price Index data, with the focus later in the week on GDP and PCE figures.
⭐️ Personal comments NOVA:
Gold price is still in an Uptrend in the long term, still needs additional sideways accumulation to create force to reach a new higher ATH.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2494 - $2496 SL $2491 scalping
TP1: $2502
TP2: $2508
TP3: $2515
🔥BUY GOLD zone: $2484 - $2486 SL $2479
TP1: $2495
TP2: $2502
TP3: $2520
🔥SELL GOLD zone: $2545 - $2547 SL $2552
TP1: $2538
TP2: $2530
TP3: $2520
⭐️ 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
Xauusdsell
XAUUSD:If it cannot break through the 2525-2531 range, go short
Overall, gold's movement today hasn't been significant. After entering the resistance zone, it hasn't managed to break through. Currently, the 30-minute chart shows signs of turning bullish, while the 2-hour chart indicates that the bears are gaining momentum for an attack.
So in tomorrow's trading, if the price lingers around the resistance level without breaking through for an extended period, there's a high probability of a larger drop compared to today's intraday decline. The trading strategy is quite straightforward: focus on the strong resistance area between 2525 and 2531. If weakness appears, go aggressively short, targeting below 2500.
continued decline from the level continued decline from the level
Now the situation in the gold market is characterized by a high level of volatility. After the recent rise in gold prices, investors are starting to keep a close eye on the resistance level, which could become a key decision-making point. Against the backdrop of uncertainty in the global economy caused by rising interest rates and inflationary pressures, gold continues to retain its appeal as a safe-haven asset. Nevertheless, possible price fluctuations depending on macroeconomic news could create selling conditions at resistance levels. Investors should analyze the data to determine the optimal moment to trade.
XAUUSD Might be Bearish this week.XAUUSD has been following a trendline on the 30-minute time frame. Despite multiple attempts, it has been unable to break its all-time high. This suggests that there may be a shift toward a bearish trend for gold this week. A potential trade strategy could be to sell XAUUSD below 2518, with a stop loss at 2532 and a target of 2485.
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.
Short gold! Pointing to 2455-2450 areaBrothers, after gold broke through the 2500 mark, the rise and fall of gold have converged, and the continuity of long and short positions is not strong. But relatively speaking, there is still strong buying support below gold, so even if gold fell below 2480 yesterday, it can still recover and is currently running near 2500.
Gold generally maintained a narrow range today, and the market was looking forward to Powell's speech later. In fact, returning to the technical level, since gold hit the high point near 2532, the high point of gold has gradually decreased during the rebound process, and there are signs of building a downward channel. Moreover, since gold fell below 2510, the bullish momentum of gold has shown signs of decline; and yesterday's gold fell to around 2470, which is also a test of the short energy.
Therefore, for short-term gold trading, I think it is still possible to find a suitable opportunity to short gold, and the short-term resistance is around 2410. If gold falls below 2480 again, then gold may continue to fall and seek support in the 2455-2450 area.
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: 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: Rebound to 2500 met resistance, will it continue to fallYesterday, the price of gold fell rapidly after breaking the 2500-point integer mark, falling as low as 2470, with a range of 30$. This coincides with my previous point of view. Yesterday, we bought near 2500, stopped loss in time after breaking, and turned to chasing the decline, making up for the loss caused by the buy order and earning 4K.
Now the gold price is near the 2500 mark again. I think this is still a swing level. If it cannot break through, the price will fall again. If it can break through the resistance range of 2500-2508, then the price is likely to try to reach historical highs again.
Relatively speaking, I am more inclined to fall when encountering resistance, but the specific situation still needs to be judged based on the actual situation. If there are any changes, I will inform you as soon as possible.
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.
XAUUSD: Bullish Trend Faces Key Resistance; Short-Term Bearish Daily Chart Analysis:
Ascending Channel:
The price is moving within an ascending channel, indicating a bullish trend over a longer time frame.
The upper trendline acts as resistance, and the lower trendline as support.
Daily LQZ Levels:
Several daily liquidity zones (LQZ) are marked:
2,532.560: Acting as a key resistance level.
2,470.480: Another support level, closer to the current price.
2,416.392: The lowest support level in this view.
Price Action:
The price recently tested the upper trendline and showed signs of pulling back.
The price might test the lower levels, possibly towards 2,470.480 or even 2,416.392.
4-Hour Chart Analysis:
Rising Wedge Formation:
A rising wedge is forming, often considered a bearish pattern in this context.
The price is near the upper boundary of this wedge and the key resistance at 2,501.939.
Key Levels:
2,501.939: The current resistance level on the 4-hour chart, corresponding to the LQZ.
2,470.480: Support level aligning with the daily chart.
Expectations:
The rising wedge suggests a potential downside move, especially if the price fails to break above 2,501.939.
A break below the wedge could see the price testing the lower LQZ levels.
1-Hour Chart Analysis:
Descending Channel:
The price action shows a descending channel within the broader bullish context.
This indicates a short-term bearish correction within the larger uptrend.
Key Resistance and Support:
2,501.939: The key resistance here also aligns with the 4-hour chart.
2,470.480: Support level, likely to be tested if the bearish momentum continues.
Possible Move:
If the price remains below 2,501.939, it could continue its descent within the channel, testing the 2,470.480 level.
15-Minute Chart Analysis:
Tight Consolidation:
The price is consolidating within a very tight range near the 2,498.410 level.
The consolidation is within the context of a larger descending channel visible in higher time frames.
Potential for Breakout:
Given the proximity to key resistance and support levels, a breakout from this range could lead to a sharp move.
A downside breakout might lead to a test of 2,470.480, while an upside breakout could challenge 2,501.939.
Short-Term Strategy:
Traders might look for a breakout of this consolidation area to position themselves for a quick move towards the aforementioned levels.
5-Minute Chart Analysis:
Short-Term Setup:
The 5-minute chart shows the price attempting to break out of a very tight descending wedge.
A bounce off the lower trendline might provide a short-term buying opportunity, while a break below could signal further downside.
Immediate Levels:
2,498.600: Immediate resistance; a break above this level might lead to a quick rally to 2,501.939.
2,470.480: Remains the key support to watch on any downside move.
Summary:
The overall trend on the daily chart remains bullish, but shorter time frames show potential bearish setups, suggesting caution is needed.
Key levels to watch include 2,532.560 on the upside and 2,470.480 on the downside.
In the short term, price action within the 2,498-2,501 range will be crucial to determine the next significant move.
This analysis should provide a comprehensive overview of the XAU/USD pair across different time frames. Let me know if you need further insights or specific strategies based on these charts.
First go long gold, then go short goldHello everyone, because I have been in the hospital for treatment and rehabilitation recently, I have not had time to update my trading ideas in recent days. I have completed all the procedures in the hospital today, and I can participate in the market again from today.
From the overall situation, after gold reached a high of around 2532, the bullish momentum slowed down, and gold showed signs of returning to the technical side, so gold has a need for correction and repair. However, according to the short-term rhythm, gold has been able to rebound in time after falling many times, and it has not effectively broken during the decline, so gold refuses to fall to a certain extent, and the buying force below is strong.
From the overall structure of gold, I currently divide gold into three areas as a whole. At present, gold is running in the first area. According to the profit and loss ratio, in terms of trading, I actually prefer to short gold at a high level; currently, gold has fallen to around 2485 in the short term, which is exactly at the dividing line between the first and second areas, and is also located in the short-term support area. Therefore, in terms of short-term trading, we can first consider going long gold in an appropriate amount; when gold rebounds to the middle and upper area of the first area, that is, after it is around 2510, we can then consider shorting gold!
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 1H BUY PROJECTIONThe allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gol
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
XAU/USD Gold Mines Robbery PlanMy Dear Robbers & Traders,
This is our master plan to Heist XAU/USD Gold Mines Market based on Thief Trading style Technical Analysis..
kindly please follow the plan I have mentioned in the chart focus on Plan A & Plan B for Long and Short entry.
Our target is Red Zone for Bullish Entry Traders / Rob and Green Zone for Bearish Entry Traders / Rob that the zone is High risk Dangerous level, market is Trap / Consolidation / Trend Reversal at the level 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 / Traders 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 / Nearest Swing Low for Bullish Setup and Swing High for Bearish Setup.
Stop Loss : Recent Swing Low for Bullish Robbers/Traders & Recent Swing High for Bearish Robbers/Traders 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.
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Gold rebounds to resistance zone and continues to sellGold market fundamentals:
Yesterday's CPI data adjusted the market's expectations for the Fed's September rate cut, from 50 basis points to 25 basis points (bad for gold)
The ceasefire negotiations between Israel and Hamas will be held in Doha, which will have an important impact on the situation in the Middle East (bad for gold)
Although the Ukrainian army's advance to the Kursk region of Russia was counterattacked by the Russian army, the complexity of this situation has increased market concerns about security (good for gold)
Gold market technical aspects:
Referring to the Fibonacci retracement of yesterday's decline, 0.5 is 2459, 0.618 is 2464, today we can sell around two retracement levels
Trading strategy: The multiple US data just released are bad for gold. Combined with the above factors, we mainly short today, in the retracement range of 2459-2459
Support range: 2440, 2430
Resistance range: 2476-historical high
XAUUSD: A small correction before going ATH! OANDA:XAUUSD
We may see price correction on XAUUSD before it continue moving up, price has been extremely bullish since the beginning of the week. However, we may now see price dropping towards 2440 which area remain a strong hold for swing buyers. Good Luck.
What Happen To The Gold 2430 To Retest AgainWhat Happen To The Gold 2430 To Retest Again
Yesterday Gold Make A Fake out On Upper Trendline And With CPI Data Release Gold Make It's Move To bearish With Strong Move Of 400 Pips Fall In 4H.And Re Bound From the Daily RBS Zone. So Gold Can Potentially Reach To 2430 To Sweep The Liquidity Or More Down Side.
I Would Like To Sell From The First SBR Zone @ 2458 - 2461 Zone. But Is Breck The Zone I Would Sell Again @ 2464- 2467 Zone. But All Are Probabilities
Will See What's Happening
Gold Analysis==>FallingGold is moving in the Heavy Resistance zone($2,484-$2,431) and Resistance line .
According to the theory of Elliott waves , Gold seems to have succeeded in completing a Zigzag Correction(ABC/5-3-5) near the resistance line .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to GO down to at least the Support line .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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