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XAUUSD: NFP data and trading strategies for the next two weeks Yesterday's gold movement largely aligned with expectations, with relatively limited fluctuations. However, today is unlikely to be as calm, as the market now faces two sharply contrasting scenarios: If the Non-Farm Payroll (NFP) and unemployment data are bullish for gold, and the price remains within its current range, we could see a rebound, testing or even breaking the previous high before retreating to current levels. Alternatively, before or shortly after the data release, gold may retest the resistance near its previous high (or consolidate below the 2668 level) and then begin a significant decline, potentially forming a double-top pattern (with a break below 2620). Disregarding the data, from a technical standpoint, the daily chart (D1) shows that gold is at a critical juncture. Recent price movements have hovered near key support levels, with some indicators clearly signaling weakness. A decisive move is imminent. Scenario 1: Gold consolidates near support, gathering momentum and bolstering bullish sentiment, leading to a second upward push—similar to the rally initiated around the 2500 level. If the market demonstrates strength, prices could challenge the 2700-2710 zone, followed by a weekly close showing weakness. A significant pullback of no less than $100 could then ensue. Scenario 2: Bullish momentum fades, and the bears start to take control. A double-top formation would likely emerge, targeting the 2625-2611 support zone. If bulls fail to hold these levels, the next bearish targets would be in the 2590-2570 region. I hope this analysis provides valuable insight for your upcoming trades. Wishing you all the best of luck!
OANDA:XAUUSDShort
by Mia-Signal
PMI - momentum for NF - prepares to increase prices⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remain supported by escalating Middle East tensions. On Tuesday, Iran fired over 200 missiles at Israel, and early Thursday, Israel launched airstrikes on central Beirut, Lebanon, increasing fears of a larger conflict. This ongoing instability boosts demand for safe-haven assets like gold. Meanwhile, traders are likely holding back from making strong moves, awaiting Friday's key US Nonfarm Payrolls (NFP) report for clearer direction. ⭐️ Personal comments NOVA: According to the H1 frame - gold prices form an upward trend - NF this week will determine the upcoming trend for Gold - NOVA leans towards upward price momentum thanks to middle east tensions - gold price has more upward momentum ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2644 - $2641 SL $2637 TP1: $2650 TP2: $2660 TP3: $2672 🔥SELL GOLD zone: $2672 - $2674 SL $2679 TP1: $2665 TP2: $2650 TP3: $2641 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
8
Uncertainty in Gold: Is a New Leg of Correction on the Horizon?Yesterday, OANDA:XAUUSD exhibited significant volatility, with sharp fluctuations both upward and downward. However, by the close of the session, the price remained relatively unchanged, lacking a clear directional trend. The current price movement suggests a phase of consolidation, indicating that a more definitive direction may emerge soon. Traders are now observing key levels that could guide future moves. On the upside, the 2663-2665 zone is seen as a resistance level, which could signal a bullish breakout if breached. Conversely, the 2645-2650 range serves as a support zone, indicating a potential bearish move if the price falls below this level. From a personal perspective, I anticipate that gold might break to the downside, leading to a new corrective phase that could potentially drive the price toward the 2600 level. That said, this is merely my view, and there is always the possibility of being wrong. Therefore, my invalidation point for this bearish scenario would be a break above the established resistance zone, which would signal the need to reassess the situation. In conclusion, while the market remains in a state of indecision, these key levels provide traders with important reference points to monitor for potential breakouts or reversals in the near future.
OANDA:XAUUSDShort
by Mihai_Iacob
9
XAUUSD must be shorted today and tomorrow!News: As I said in the past two days, although the United States today 'the number of people applying for unemployment benefits in the United States to the beginning of the week on September 28th‘ has a lot of gold, the gold market does not rise but falls. This shows that the strength of the bulls in the gold market is insufficient, and many investors are not optimistic about the rise of gold when the U.S. economy has recovered. Therefore, tomorrow the release of the US‘September quarter-adjusted non-farm payrolls’ data will explode the entire gold market, and gold will choose its direction again. Judging from the current various news, the U.S. economy is recovering, and tomorrow's ’U.S. September quarter-adjusted non-farm payrolls' data will be bearish for gold, so the trend of gold today and tomorrow will be dominated by empty heads! Therefore, the strategy of gold in the past two days is still mainly shorting: continue to short the gold market near 2655! Need more trading signals and strategies, welcome to the comment area!
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAU/USD: Is the 2650 Break Sustainable or Driven by Emotion?Yesterday, OANDA:XAUUSD (Gold) broke back above the 2650 level, a point of significant psychological and technical importance. This level is critical due to the confluence of a horizontal support line and the falling trendline of the down-channel pattern. While this upward break may seem promising, I believe it is not likely to be a sustainable move. In my view, this breakout appears to be driven more by emotional reactions rather than genuine market demand. As a result, I believe the current correction for Gold is not yet complete, and we could see another downward move in the near future. From a technical perspective, the 2650 level acts as a critical "line in the sand." Should the price drop back below this level, the first target would likely be the recent low, with the potential for an extended decline towards the next major support zone around 2590. This area marks an important technical level that could offer stronger support if the downtrend continues. At the time of writing, I am currently out of the market, and waiting for further clarification. I am particularly looking for a decisive drop back below 2650, which would reinforce my bearish outlook and provide confirmation for a potential short trade.
OANDA:XAUUSDShort
by Mihai_Iacob
5
XAU 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024 Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold. Gold price moves in large range - touches H2 downtrend trendline Upward view based on world war tension in the middle east /// BUY XAU : zone 2641-2644 SL: 2636 TP: 50 - 100 - 300 pips (2671) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold trimmed its weekly gains on Friday as traders assessed recent US economic data and its potential impact on Federal Reserve policy. With disinflationary trends suggesting steady rate cuts, Gold continues to shine. However, expectations for a 50 basis point cut in November have eased following strong US macroeconomic data. Key reports like the decline in Initial Jobless Claims to 218K, solid Q2 GDP growth at 3.0%, and stronger-than-expected Durable Goods Orders have sparked debate about a possible economic soft landing. In this video, I break down how these factors could shape price action in the Gold market, and explore trading strategies for both buyers and sellers. With the probability of a 50 bps rate cut now down to 50%, I have analyzed potential scenarios and how I plan to capitalize on the upcoming opportunities. Make sure to watch till the end for my technical analysis and outlook for the coming week. XAUUSD Technical Overview: This week, we're focusing on the $2,640 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #GoldMarket #FedRateCuts #USData #GoldTrading #ForexAnalysis #GoldForecast #EconomicOutlook #TradingStrategies #InvestingInGold #MarketUpdates📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
EIGHTCAP:XAUUSD
by darcsherry
1
Gold Price Analysis October 3Fundamental Analysis The US dollar (USD) extended its recovery from its lowest level since July 2023 and advanced to a three-week high amid fading prospects of more aggressive easing by the Federal Reserve (Fed). This, in turn, was seen as a major factor undermining demand for the non-yielding yellow metal, although continued tensions in the Middle East helped limit losses. Iran launched more than 200 ballistic missiles at Israel on Tuesday, while Israel conducted a precision airstrike and bombed the center of Beirut in Lebanon early Thursday. This raised the risk of a full-blown war in the region and dampened investor appetite for riskier assets, which was reflected in the generally weaker tone in equity markets and acted as a boost to safe-haven gold prices. The US economic agenda on Thursday could provide some impetus for XAU/USD, although the focus will still be on the US Non-Farm Payrolls (NFP) report on Friday. Technical Analysis Technically, the trading range is still maintained around the 2643 and 2671 areas. There is no strong movement yet, gold is still having difficulty breaking out of this price range. The main BUY SELL entry that we are waiting for is still in the 2683-2685 and 2624-2622 areas. There is a small resistance in the 2645 - 2642 area, stoploss is placed at 2640 only. This resistance is a bit thin, move gently. Resistance 2636 - 2635 stoploss 2630 catch up a beat before the US session. Wait until the US, the margin is further, if the price falls, you can only catch it at 2622 - 2620, stoploss 2616. Break point 2664, then wait for 2672 - 2674 to sell lightly again, stoploss 2678 Sell point 2683 - 2685, stoploss 2689 Round resistance 2690 is not expected much but note here to pay attention to how it is. Focus on the 2700 area.
OANDA:XAUUSD
by TVS-Trader
2
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
This Week’s Profit Doubling PlanNews: Today's U.S. market will have a sharp bearish gold on the ‘U.S. ADP employment numbers for September’, but gold did not fall in time. This is not difficult to understand. After all, many investors in the market do not buy short-selling accounts after the interest rate hike. But I think there will definitely be a wave of bearish trends in the future. At the same time, some international institutions will use this wave to increase shipments. After all, the U.S. economy is still recovering, so to a certain extent, it will suppress the rise of gold. Judging from the bearish gold in the US ADP data tonight, the US economy has also been developing for the better recently.Therefore, there is a high probability that the speech of the Fed governor later will be bearish on gold.Then this Friday's ’U.S. September quarter-adjusted non-farm payrolls' data will also bearish gold. So the overall gold trend this week is empty!Insist on short-selling! Today's strategy: Short the gold market near 2660, and add a position near 2665! Daily strategy, daily updates, remember to pay more attention,A lot of benefits!
OANDA:XAUUSDShort
by Falcon-Training-Camp
This week's gold trading strategyThis week's gold trading strategy, be able to understand and follow, there will be a 50% profit this week! News: Everyone knows that the US Federal Reserve cut interest rates some time ago, which added a fire to the entire gold market. In addition, the global geopolitical conflict has ignited the entire gold market, causing the price of gold to reach 2700!For all of us traders, what we want to know most is which direction the market should go next. First of all, the news is that the United States has cut interest rates, and the impact of geopolitical risks has been almost digested by the market, so it is a bit difficult for gold to hit the high point! In addition, after the U.S. interest rate cut, it will definitely focus on economic development, so the U.S. economy will improve next, so the dollar index will rise, and the price of gold will also fluctuate and fall! So I judge that in the next week or so, the gold market will fluctuate and fall! Technical aspects: You can see that the candlestick chart of gold is currently in a downtrend channel. Although it has broken through the top of the uptrend channel, it is not a real technical breakthrough. It is caused by today's US data ‘ISM Manufacturing PMI for September'. Gold will return to the trend next, so it is best to go short at a high level, but go long at a low level in the trend! News forecast: U.S. ADP employment in September (10,000 people)-bearish gold U.S. non-farm payrolls after September quarter-adjusted (10,000 people)-bearish gold This week's point strategy: 2670 short, 2675 increase position 2620 go long, 2615 increase position If you want to see specific trading signal strategies, please consult in the comments area!
OANDA:XAUUSDShort
by Falcon-Training-Camp
1
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
XAU correction - market balance ! DOWN ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/30 - 10/04/2024 🔥 World situation: Gold dropped to a three-day low below $2,650 after the US Bureau of Economic Analysis (BEA) reported that September inflation is moving closer to the Federal Reserve's (Fed) target. Despite expectations for more Fed rate cuts, gold struggled as traders likely took profits. Currently, XAU/USD is trading at $2,657, down nearly 0.50%. Earlier, the BEA announced that the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index, showed progress toward the 2% goal in August. Core PCE also rose slightly compared to July’s data. 🔥 Identify: Gold price completed 5 elliott waves, H4 frame uptrend. Waiting for gold correction chip to decrease in the near future 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2685, $2702 Support : $2643, $2628, 2571 🔥 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
OANDA:XAUUSDShort
by Nova-Scalper
3
XAU | USD! sideway downtrend 10/1/24XAU / USD trend forecast October 1, 2024 Gold price (XAU/USD) holds modest gains in early European trading on Tuesday but remains below last week's record high. Fed Chair Jerome Powell's hawkish remarks on Monday led investors to reduce expectations of aggressive rate cuts. This supported the US Dollar, which continues to recover from its lowest level since July 2023, creating a headwind for gold. Based on M30, price adjustment h1 frame, XAU down /// BUY XAU : zone 2624-2626 SL: 2618 TP: 50 - 100 - 150 pips (2639) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
Gold’s Correction Phase: Key Levels and What to Watch NextIn yesterday’s post, I discussed the possibility of a new leg in the ongoing correction for gold, pinpointing the 2630 zone as a potential area for this decline to materialize. As it stands, XAU/USD has indeed dropped to that level and is currently showing signs of recovery. However, there are two key takeaways from yesterday’s price action that need to be highlighted: 1. The correction fits within the broader bullish trend: Despite the pullback, it is essential to recognize that the movement appears corrective rather than a reversal of the overall bullish structure for gold. 2. Caution regarding the end of the correction: While gold is recovering from the 2625 level, it is premature to declare the correction complete. For confirmation that this phase has ended, the price needs to break above the 2650 zone and, crucially, close the day above that level. This would signal stronger momentum and increase the likelihood of further upward movement. With this in mind, the strategy for swing traders remains focused on buying the dips. Until we see a decisive break and daily close above 2650, low volume is advised. If that level is successfully breached, it would serve as confirmation that the recovery is gathering steam and could potentially open the door for gold to target the 2700 level in the near term. In conclusion, while the current correction may have created an opportunity to enter at lower levels, traders should remain cautious and await a clearer signal before committing high volume long positions. The 2650 zone remains the key level to watch for further bullish confirmation.
OANDA:XAUUSDLong
by Mihai_Iacob
5
XAU bearish sideway - waiting for NF this week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION : Gold prices (XAU/USD) ticked up slightly during the Asian session on Tuesday, halting a two-day decline and pausing the recent pullback from last week’s all-time high. However, the increase lacks strong momentum due to modest US Dollar strength, supported by Federal Reserve Chair Jerome Powell's hawkish comments on Monday and optimism around China's stimulus efforts, both limiting gains for the safe-haven asset. That said, significant declines in gold remain unlikely, given ongoing geopolitical tensions in the Middle East. Additionally, expectations of further US rate cuts amid slowing inflation and hopes for China's stimulus to boost physical demand should continue to support XAU/USD. Traders are now awaiting US macroeconomic data and Fed commentary for further direction. ⭐️Personal comments NOVA: Gold price clearly shows a downward adjustment trend in the H1 frame - sideway price range 2625 - 2648 waiting for NF this week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2628 - $2626 SL $2620 TP1: $2633 TP2: $2640 TP3: $2648 🔥SELL GOLD zone: $2648 - $2650 SL $2655 TP1: $2640 TP2: $2633 TP3: $2625 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
5