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Xauusdsetup

The Calm Before the Storm: A Waterfall-like Decline is Coming... Today is Thursday, and with key data releases scheduled for New York trading hours and tomorrow’s much-anticipated NFP and unemployment figures, the market is far from quiet. My advice for today is to focus on selling, despite the possibility of some upward movement. However, from a daily chart perspective, the likelihood of a downturn is much stronger. The 5-day moving average (MA5) has already turned downward, and it’s just a matter of time before the bearish trend takes hold. When it does, this won’t be just a simple correction like we saw last time. I’m predicting a waterfall-like decline. Here’s my anticipated price action: a drop to around 2600, followed by a short rebound to approximately 2630, and finally, a deeper plunge to the 2570 region.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
1
XAUUSD: The bears are about to strike back In the past few days, I lost my grandmother, and it has been a deeply sad time. After attending her funeral today, I found myself reflecting on many things. Life is short, and whether we pursue fame or wealth, nothing is as important as the health and happiness of our loved ones. I sincerely hope that everyone here can live a healthy and joyful life, with all your wishes coming true. Turning back to the gold market, after a significant rally, we’ve seen a pullback to test support before another rebound to resistance, followed by another decline. We’re now at a critical turning point. From the 30-minute chart, we can observe a pattern resembling a double top. If it breaks the trendline, a decline to the $2600 level seems inevitable—there’s no need to doubt it. My mid-term target remains $2568-$2490, and I believe we may see this play out sooner than expected.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD: Swing Buy Reversal is Coming! From 2450 to 2560! Dear Traders, WE have an important entry coming up on Gold, possibly the one which will shape the gold market. After creating a record high and touching the 2530 for the first time, price exhausted and started dropping and ranged between the area. However, if we look into it with areas that gold may reverse from, the area that we find attracting is 2440 to 2450 in which we may see a large volume of buy volume kicking in the market. Good luck.
OANDA:XAUUSDLong
by Setupsfx_
17
XAUUSD: Lows not yet seen, continue to sell at high levelsYesterday, the US dollar index began to rise after Powell's speech, reaching 100.9, and US bond yields also rebounded collectively. Affected by the rise of the US dollar and US bond yields, as well as the influx of a large amount of profit-taking funds into the Chinese stock market, gold has continued to fall recently, and yesterday's lowest point reached 2624 US dollars. So is this the low point? I think gold is currently in a downward trend and has not yet formed a bottom pattern. It will only rebound but not reverse. From the trend in the hourly chart, we can see that the gold price is running along the downward trend channel. Now it is again above the trend channel of 2645, so I think the possibility of a breakthrough is not great, so I am going to short around 2645.
OANDA:XAUUSDShort
by AntonyTP
XAUUSD: How long can the bull market sustain its momentum? Amid escalating geopolitical tensions and the Federal Reserve’s rate cuts, gold has been on a persistent upward trajectory. After breaking through the key 2600 level, it is now approaching the 2700 mark. Over the past couple of days, it has consolidated above 2650, leaving short positions severely pressured. While bulls celebrate, bears are licking their wounds. I believe that after enduring this challenging phase, bears will stage a strong, retaliatory comeback. Thus, the best strategy now is patience. Wait for the right moment—if you’ve missed the bull's rally, don’t miss the bear’s counterattack.
OANDA:XAUUSDShort
by Mia-Signal
XAU/USD 25 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile. Price has printed a bearish CHoCH, we therefore have established an internal range. Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold is just one step away, the Sell opportunity is comingIn today's Asian session, gold rose in the short term, and the historical high was refreshed again, reaching 2640. Driven by the Fed's expectations of a rate cut in November and the decline in US Treasury yields, the price of gold hit a new record high. The growing tension between Israel and Hezbollah has increased the appeal of safe havens, which may further boost demand for gold. From the 4-hour chart, we can see that referring to the rule that the price of gold rises by $50-60 each time, the price of gold is likely to have room for an increase of $10. This is almost the last short-term rise in gold. The high point of this time is likely to be around the range of 2640-2650. Trading strategy: Now chasing the rise, there is not much room above, and there is a risk of an imminent correction, so I don't recommend it. Go short now, because there may be more than ten dollars of room for growth above, and now is not a good selling position, so we can wait until the 2640-2650 range to sell, preferably at 2650. I personally did not close the sell order I held last week. If the gold price reaches 2650, I will continue to increase my position and pull the average price to 2615-2620
TVC:GOLDShort
by AntonyTP
Gold Rally Slows, Pullback Imminent Since yesterday, gold has been fluctuating within the 2615-2635 range, with the bullish momentum clearly slowing down. In my view, it is likely to decline to 2606 by Friday at the latest. Why 2606? This level serves as a key support in the ongoing upward trend. A healthy trend relies on robust technical support levels, which is the foundation of my prediction. Continue to sell, and patiently wait for the price to drop, allowing the profits to materialize.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
XAUUSD: Mid-Term Target Set Below 2550 Gold's upward trend has noticeably slowed as it approaches the 2630 level, which is likely to act as a new resistance zone. Before confirming any further upside potential, it is crucial to see a retest of the 2600 support level. Until this support is validated, the recommended strategy is to focus on high-level sell trades. If the 2600 support is confirmed, it may present a buying opportunity. However, if the support is breached, selling into any rebound should continue to be the dominant strategy, with long positions only used as a secondary approach. In the medium term, I maintain a bearish bias, with downside targets in the 2530-2500 range.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD:Bearish intraday Last Friday, gold made a strong breakout above resistance, stabilizing above 2600. Today’s opening continues to show slight consolidation at high levels. From a technical perspective, the short-term outlook is bearish, indicating that at least one retest of the 2600 support is needed to determine if there is further upward momentum. In my personal view, a deeper pullback is more likely. By early October, there’s a high probability of a return to the 2550 level. Thus, my mid-term strategy will focus on short positions. For intraday trading, the key focus will be on the 2600 support area—if it holds, a long position around that level could be considered.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD: As long as it doesn’t break 2600, boldly sellYesterday's gold market was really frightening. First, the Federal Reserve announced an interest rate of 50 basis points, which was higher than market expectations. The price of gold rose from 2567 to 2600, setting a new historical high again. Then Powell's speech showed hesitation and uncertainty, and pointed out that the Fed was not in a hurry to cut interest rates. It would proceed at a suitable pace or slow during the interest rate cut cycle. This dovish speech led to a decline in investors' attractiveness to gold. The gold price plummeted from 2600 by $50 and stabilized the decline in the 2550-2560 range. However, since the 50 basis point interest rate cut is already on the table, the Federal Reserve has launched a monetary easing policy and the first rate cut is larger than before. This makes the market believe that there may be another 50-100 basis point interest rate cut before the end of this year. Therefore, gold is now back again The high area of 2590. Although there is still the possibility of interest rate cuts before the end of the year, I think that is a long-term problem, and for us who are short-term traders, it is not the focus of attention. From the market point of view, after yesterday's sharp decline that started at 2600, the shape of gold has changed, and it is in line with the short-term peak signal. Therefore, my view on the current gold is that it is bearish in the short term and bullish in the long term. Trading strategy: Now the gold price has reached the high range of 2600-2590. As long as it does not set a new high again, you can boldly sell here
OANDA:XAUUSDShort
by AntonyTP
11
XAUUSD Gold Technical Analysis and Trade Idea👀 👉 XAUUSD Gold has broken its market structure to the downside. On the daily and 4-hour charts, we observe a pullback into equilibrium, presenting a potential buying opportunity. In this video, we discuss market structure, price action, and, most importantly, the trend. We also outline a possible trade setup if the price moves as outlined in the video. Disclaimer: The information provided in this video is for educational purposes only and should not be taken as financial advice. Always perform your own analysis or consult a financial advisor before making any trading decisions. 📊✅
FX:XAUUSD
by fxtraderanthony