Xauusd chart Gold (XAU/USD) trades up into the $2,520s on Monday, as a combination of safe-haven demand sparked by rising geopolitical tensions in the Middle East, and increased confidence US interest rates will track lower in the medium-to-long term, make the non-interest paying asset more attractive to investors.
Gold buyers need to recapture the record high of $2,532 to take on the next key barrier at the $2,550 level.
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 now buy 2522
Support 2530
Support 2544
Resistance 2512
Resistance 2500
Xauusdshort
XAUUSD 1D FORECAST!● Here we see a classic pattern in the XAUUSD chart, the result of which is a price drop, which works very well !
● First, we have to be patient to see the third roof; Because this pattern usually has three roofs! You can decide to open a deal there!
●The next point is that these three roofs have a divergence, which is determined by the RSI indicator! We also see divergence!
● For more certainty and a less risky trade, you can wait until the red trendline breaks properly. That's when he was looking for an excuse for a sell deal in the pullback!
💬And in the end, I hope this view will work for you and improve your business! I will be happy to comment your opinions and ideas to me!
Be successful and profitable! 🤍🫶🏻🩷
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)
XAUUSD (GOLD), falling to support.Hi everybody. Gold bears waiting to start shorting process. They accumulated between 2500.0 - 2516.0 then sold some part and now waiting to sell again.
I mark all interesting market prices for you. Falling to 2487 in near time. Have a nice trading day and thanks for your boost!
PMI - revised, cumulative below 2500 ! XAU / USD ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) held firm above the $2,500 mark during the Asian session on Thursday, staying near the record high reached earlier this week. On Wednesday, data revealed that US job growth over the past year was weaker than initially estimated, and the July FOMC meeting minutes showed that several officials supported an immediate rate cut. This strengthened expectations for the Fed to start easing its policy in September, which pushed the US Dollar (USD) to a new low for the year and provided a boost to gold.
Investors are now seeking more clarity on whether the weaker US labor market might justify a larger rate cut next month. This makes Fed Chair Jerome Powell's upcoming speech at the Jackson Hole Symposium crucial for influencing the USD and gold's direction. Meanwhile, the risk-on sentiment is capping further gains for gold, though ongoing tensions between Israel and Hamas could limit any downside. Traders are also keeping an eye on global PMIs and US macro data for short-term opportunities.
⭐️ Personal comments NOVA:
almost 100% sure, in September 2024 the FED will cut interest rates, the sentiment is very optimistic about the market. Before the price continues to create ATH, it is necessary to get more liquidity in the area below 2450 - 2500
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2477 - $2475 SL $2470
TP1: $2485
TP2: $2500
TP3: $2510
🔥SELL GOLD zone: $2510 - $2512 SL $2516 scalping
TP1: $2505
TP2: $2500
TP3: $2490
🔥SELL GOLD zone: $2550 - $2552 SL $2557
TP1: $2540
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
XAUUSD: Bullish Momentum Meets Resistance; Key TP at 2495.88Descending Channel:
The price action was moving within a well-defined descending channel, indicating a short-term bearish trend.
The upper and lower boundaries of the channel have been respected multiple times, reinforcing the pattern's validity.
4H LQZ (Liquidity Zone) at 2,501.592:
The price reached the 4-hour Liquidity Zone around 2,501.592 and failed to break above it, indicating strong resistance at this level.
After touching this resistance, the price started to decline, suggesting that sellers are stepping in at this level.
Daily LQZ Support at 2,470.753:
The price is currently moving towards the Daily Liquidity Zone support at 2,470.753, which aligns with the lower boundary of the descending channel.
This level will be critical to watch, as a break below could lead to further downside.
Take Profit Consideration at 2,495.88
Previous 5-Minute Chart Analysis:
Based on your previous analysis, taking profits around 2,495.88 was recommended as it was the bottom of the ascending channel on the 5-minute chart.
This was a strategic level for profit-taking, given that the price has now moved below this level.
Post-Analysis:
After the price failed to sustain above the 4H LQZ at 2,501.592, it started to decline, confirming the decision to take profits at 2,495.88.
The price has now moved lower, validating the take-profit strategy and highlighting the importance of recognizing key levels in multiple time frames.
Immediate Outlook:
Short-Term Bearish Momentum:
Given the rejection at the 4H LQZ and the subsequent decline, the short-term outlook remains bearish.
The next key level to watch is the Daily LQZ at 2,470.753. If this level holds, it might provide a bounce opportunity; however, a break below could lead to further selling pressure.
Price Targets:
Downside: The immediate target would be the Daily LQZ at 2,470.753, which aligns with the lower boundary of the descending channel.
Upside: If the price manages to break above the 4H LQZ at 2,501.592, it could challenge the upper boundary of the descending channel.
Conclusion:
Taking profits at 2,495.88 was a prudent decision, given the subsequent price action. The chart shows that the bearish trend is intact, with key support levels to watch on the downside. It’s essential to monitor the price around 2,470.753 for potential reactions, as this will determine the next significant move in the XAU/USD pair.
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.
Will Gold Fall To 2450?Okay Here Is My Today Intraday Plan For Gold Today.
I Wanna Sell Gold Between 2501 - 2507 Zone.I'm Gonna Wait For Market Make The Move First For More Setup.
Currently Price At My First Sell Zone.But This Zone And Time Isn't Comfortable For Me.
So I'm Waiting 😌
If There Any Good Setup I'll Update 😎
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 H1Gold Price: Current Pricing, Prices Chart & Rate Graph
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 now buy 2499
Support 2510
Support 2525
Resistance 2490
Resistance 2480