GOLD: Sell@2728-2734We closed our short position at a very opportune time. After taking profit at 2714, gold surged again, showing a strong bullish trend. Given this momentum, the market is likely to test 2730 after the next week’s opening. Therefore, I plan to hold my long position over the weekend, with my TP set at 2725. Once the price reaches the 2728-2736 range, I will consider selling again.
Xauusdsignal
XAUUSD GOLD Update PLUS Technical Analysis and New Trade Idea👀👉 XAUUSD has been in a sustained bullish trend, with price action extending into new all-time highs. Given the overextended nature of the move, my suggestion is to lock in profits on existing positions. I would then wait for a potential retracement into the imbalance highlighted in the video for a possible re-entry, should market conditions align as outlined. Disclaimer: This content is for educational purposes only and should not be considered financial advice. 📊✅
Gold: Sell in the 2719-2724 rangeToday, we successfully seized an opportunity in the gold market, capturing a downward movement from 2712 - 2703.
Currently, gold prices have rebounded to 2718, where we observe some consolidation. At this point, the MA5 presents resistance, indicating that it may be an opportune moment to initiate another sell position.
Our target for this trade is near the MA30 around
sell@2719-2724
tp 2714-2711
XAUUSD to 2700 level soon**Monthly Chart (BULLISH)**
XAUUSD (Gold) September candle closed bullish after recording a new historical high with no indication for reversal. This is mainly due to geopolitical instability in the Middle East and line with BRICS meetings.
XAUUSD continues to move higher creating new levels after breaking the consolidation range above the 2,000 level.
**Weekly Chart (BULLISH)**
Last week's candle closed bullish after creating a new record high at 2,685.64 level. Are we going to see a new record high created above 2,700 level soon?
** Daily Chart (BULLISH)**
XAUUSD continues to move higher. Daily trend is still bullish and we expect the price to tap 2,700 level soon. Find a good setup to buy on lower time frames.
XAU, what to do with this cool guyOkay, last time due to my goofy mistakes, XAU pulled off a sane move to my capital.
What now? I still expect it to go down to see if there'll be any buy opportunity or it suggest to go down further to take more liquidity.
With all the political issues, I won't suggest anyone to sell gold long term. but rather buy it and hold, for it is like a vault for our money to hide.
My view is neutral, if you see buying, you can buy.
Hope I can help.
Gold Prices on the Rise: What to KnowThe price of gold has hit a new record high, reaching $2,714.10 per ounce amid escalating geopolitical tensions and concerns about the global economy. The surge in gold prices has prompted investors to seek haven assets as they fear a potential recession.
The record high for gold prices comes as Russia continues its invasion of Ukraine, raising fears of a wider conflict in Europe. The war has disrupted global supply chains and led to a spike in energy prices, which has put pressure on businesses and consumers around the world.
In addition to geopolitical tensions, concerns about the global economy are also driving up gold prices. The International Monetary Fund (IMF) has warned that the world is facing a "polycrisis" of challenges, including inflation, rising interest rates, and debt distress. These factors have increased uncertainty and make investors more cautious.
The surge in gold prices has significantly impacted India, which is one of the world's largest consumers of gold. The Indian rupee has weakened against the US dollar, making gold more expensive for Indian buyers. As a result, gold prices in India have reached record highs in recent weeks.
The rise in gold prices has benefited gold miners and other companies in the gold industry. However, it has also put pressure on consumers and businesses that use gold in their products. For example, as prices have risen, jewelers and other retailers have seen a decline in demand for gold jewelry and other products.
The future of gold prices is uncertain. If geopolitical tensions and economic concerns continue to escalate, gold prices could rise further. However, if the situation improves, gold prices could fall.
Investors who are considering buying gold should be aware of the risks involved. Gold prices can be volatile, and there is no guarantee that they will continue to rise. It is important to do your research and to consult with a financial advisor before making any investment decisions.
Here are some of the factors that could affect gold prices in the future:
• The outcome of the war in Ukraine
• The state of the global economy
• The level of inflation
• The interest rate policy of the US Federal Reserve
• The demand for gold from India and other major consumers
It is important to stay informed about these factors and to monitor gold prices regularly. By doing so, you can make informed decisions about whether or not to invest in gold.
Gold Outlookcurrent week was almost a bullish week for Gold and we have seen New ATH (All time High) it was a situation gold was breaking its own Records Hour by Hour...
for next week we are expecting gold to see a new peak of 2725 to 2734 and the a Retracement for the previous ATH then new Highs can be seen as far the confluences are concerned we have Fibonacci extension of previous high to low move over the price discussed above also 50 SMA from Monthly to weekly to daily to H4 to H1 is the confluence for price remaining above and can see new high as we always mention trend is our friend so we are bullish with our higher TF trends
XAUUSD: Key support 2712-2707Gold faced significant resistance around 2720, with bullish momentum weakening, which may indicate that the current upward phase is nearing its end. If holding positions over the weekend, I believe short positions are the more prudent choice.
Selling can be executed in the 2719-2726 range, with support expected in the 2712-2707 range.
If the market shows strong support during the pullback, it could be an opportunity to re-enter with long positions.
XAUUSD will reach 2800 in the short termCurrently, the XAUUSD price has further ascended after three consecutive days of gains, reaching a historic high of $2711. At the same time, the price has touched $2727, nearing the $2730 threshold! The ongoing interest rate cuts by several global central banks, combined with heightened tensions in the Middle East and uncertainties in U.S. politics, provide robust support for the rise in gold prices. Recently, the risk-averse sentiment driven by U.S. political developments and conflicts in the Middle East, along with the accommodative monetary policies of major economies, have continuously supported buying in the XAUUSD market.
In this context, the dollar's pullback has further enhanced the appeal of XAUUSD, becoming one of the key drivers of gold's rise this week. It is anticipated that this momentum will carry into the first half of next week, leading to a predominant focus on long positions in XAUUSD today and throughout the latter half of the week.
However, technical analysis indicates that XAUUSD may experience some adjustments during its upward trajectory. The resistance level around $2720 could serve as a short-term target. If the gold price corrects, support may emerge in the $2700 region; a breach below this level could lead to a further retracement towards $2680. The $2680 area is viewed as critical support, expected to attract significant buying interest, making it a strategic point for bullish positions.
In summary, from a short-term perspective, if the gold price pulls back to the $2700 region, it remains a viable opportunity for continued long positions.
XAUUSD: Sell@2710-2720 Gold has broken above 2700, followed by a slight retracement. Currently, a potential double-top pattern is emerging. Mid-term indicators still show bullish momentum, but short-term factors favor the bears. The trade strategy is to continue shorting. If the price reaches the 2718-2724 range, increase short positions, with a target near 2700.
Double-Top Pattern: This is a potential bearish reversal signal, especially if the price fails to break above the previous high and begins to decline, signaling a possible trend change.
What's going on with xauusd rn.xau reaching ath, extreme premium, turtle soup, i can smell the curve going for sell.
Yeah but it's just my sensation, it can be wrong, it can go straight up who knows if anything crazy happen tmr.
i caught a goofy long but my video show my credential so i gotta delete it.
Hope i could help.
XAU increased sharply! Continued bullish FOMO⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rises for the fourth consecutive day, marking six positive days out of seven, and surpasses the $2,700 mark to reach a new record high during Friday's Asian session. Key factors driving this upward trend include anticipated rate cuts by major central banks, Middle East tensions, and uncertainty around the US Presidential election.
Thursday's strong US data reinforced expectations of moderate rate cuts by the Federal Reserve (Fed), which boosted the US Dollar to its highest level since early August. However, this hasn't dampened the bullish momentum for Gold, which is set for strong weekly gains.
⭐️Personal comments NOVA:
Gold prices show a crazy bull run in 2024 - continuing the crazy uptrend. Above the $2700 zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2733 - $2735 SL $2740
TP1: $2725
TP2: $2715
TP3: $2700
🔥BUY GOLD zone: $2684 - $2686 SL $2679
TP1: $2692
TP2: $2700
TP3: $2710
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 Analysis==>>Correction!!!Gold moved as I expected✅ in the previous post .
In this post, I also use the Bollinger Bands Indicator , it seems that Gold reacts well to the lines of this indicator. So as long as Gold reacts to these lines, you can use this indicator .
Gold is currently moving in the Resistance zone($2,686-$2,670) and managed to break the Uptrend line .
According to the theory of Elliott waves, gold seems to have completed wave 5 .
The Gold chart shows three Regular Divergences(-RDs) . One of the most reliable is the Regular Divergence(RD-) in Bollinger Bands Indicator ( Divergence sell signals mostly form at the end of an upward trend, where the price chart forms a peak above the Bollinger upper band and another peak after, below the upper band. )
I expect Gold to drop to at least $2,652 after breaking the Support line .
🔔Be sure to follow the updated ideas.🔔
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD Market Dynamics: Strategy AnalysisToday, XAUUSD (Gold/US Dollar) exhibited a robust upward momentum, successfully breaking through the upper trend line. From a candlestick technical analysis perspective, XAUUSD still possesses upward momentum and a continuing bullish trend. Additionally, the uncertainties surrounding the U.S. presidential election and conflicts in the Middle East are driving investors to seek safe-haven assets. Coupled with a loose monetary policy environment, this will further support gold prices at elevated levels.
Following the Federal Reserve's decision to cut rates by 50 basis points last month, the market anticipates the potential for further rate cuts. The ongoing geopolitical uncertainties have collectively propelled gold prices up over 30% year-to-date, with the possibility of reaching new historical highs. Therefore, under the current market conditions, we recommend a proactive approach to building long positions at lower levels.
Today's Trading Strategy: Establish long positions in XAUUSD around the 2700 level, with a profit target set at 2710.
Golden Investment Strategy: Opportunities Amidst TensionThe current international situation is indeed tense, leading to a continuous rise in gold prices, which are now nearing $2700, compared to under $2000 last year. It is striking that "when the cannon fires, gold weighs heavy."
Until international relations stabilize, a significant drop in gold prices seems unlikely, so our investment strategy should favor a bullish approach.
Based on current conditions, MA30 will serve as a crucial support level; as long as this level holds, we can pursue long trades. However, a slight adjustment is expected today, potentially dropping to around $2684.
For the highs, we should look towards the $2704-$2712 range—if we reach that point, a decisive sell is advised. If $2700 remains unbroken for an extended period, consider a small short position, and upon a pullback to MA30, execute a minor long trade to see if a breakthrough occurs.
If a breakthrough happens, significant selling should take place, aiming to close positions around $2688.
Gold Soars Past 2700: Key Levels to Watch for BuyingAs anticipated and detailed in this week's analysis, OANDA:XAUUSD has reached a new all-time high and is now trading comfortably above the 2700 mark.
The bullish momentum remains exceptionally strong, with no signs of a potential reversal at this point.
Despite the recent leg up exceeding 1000 pips, it remains extremely risky to attempt selling in the face of such a powerful uptrend, especially when there is no resistance level to use as a reference.
Fighting against this momentum could result in unnecessary risk.
With that in mind, my strategy is to look for opportunities to buy on dips. A potential buying zone could emerge around the 2680 level, which may provide a more favorable entry point for those looking to join the bullish trend.
After making a profit, how to plan the next strategyWe strategically positioned ourselves a few hours ago ahead of the U.S. data release, successfully capitalizing on a significant profit wave. Following the data-driven volatility, we anticipate a transition to a more technical-driven market.
Analyzing the hourly candlestick chart, we observe that XAUUSD remains in an upward trend; however, the potential for further gains is diminishing, indicating an impending shift in market momentum. Key resistance is identified at 2700, with support around 2688. Absent any major news or data releases, the trading range appears constrained, making it essential to accurately gauge market movements to achieve profitable outcomes.
Our forthcoming trading strategy is as follows:
XAUUSD: Short near 2700; Long near 2688.
Sorry, I've already started shorting goldAt present, gold has risen strongly to around 2689, and is only one step away from 2700. Although the gold market is hot at present, I do not advocate chasing gold now. To be honest, as long as gold remains above 2675, I will not advocate going long on gold.
Now that gold is approaching 2700, it has basically reached the short-term expectations of bulls. Now that gold is approaching 2700, it has basically reached the short-term expectations of the bulls. Some of the profit-making chips may be cashed in for shipment. This is why I do not recommend chasing gold. In the short term, since gold rose near 2638, there has been basically no decent correction. So when facing the psychological pressure of 2700, gold is likely to have a round of correction, retesting the 2670-2665 area, and may even retest the 2660-2655 area.
So, bros, while you are keen on chasing gold, I am now shorting gold in batches! Let us look forward to the next results!
XAUUSD: Key Resistance at 2698-2708Yesterday, gold successfully held the support level between 2668 and 2663 during its pullback and subsequently began a consolidation and upward trend. As highlighted in my previous analysis, the strategy was clear: if the price held above this support, we would go long; if it broke below, we would wait for a rebound to go short. If you followed this analysis, I trust you captured significant profits from this movement.
Currently, the price is approaching the crucial resistance level of 2700, where substantial selling pressure is anticipated. It's possible that the price may either break through and subsequently pull back or begin to retreat as it nears this level. Therefore, the prudent approach is to adopt a short position initially and then reassess the situation based on support levels to determine whether to transition into a long position.
Gold on the Verge – Breakout to 2,705 or Drop Back to 2,673?Alright, folks, Gold (XAU/USD) is flirting with a breakout. If the bulls push it past 2,705, we could see some real upside momentum. But if it runs out of steam, we might dip back toward the 2,673-2,667 support zone for a reset.
Key Levels:
Resistance: 2,705 – A breakout here could spark a rally higher.
Support: 2,673 – Bulls need to hold this line to avoid more downside.
Fallback Zone: 2,667 – If this level cracks, we’re likely heading lower.
Right now, we’re at a pivotal moment. Will buyers keep the momentum alive, or are we headed for a quick pullback? Keep a close eye on the next move—there’s opportunity on both sides.
What do you think—are we breaking higher or taking a breather? Drop your thoughts, follow, and share if this helped you get prepped for the next move.
Mindbloome trader
Trade what you see