Gold rebounds and continues to shortGold's 4-hour moving average is still turning. If it goes down, then the downside of gold will increase. The resistance of gold's 4-hour moving average is now around 2407. Gold rebounds and continues to be under pressure from the moving average resistance. Gold continues to be short. Gold is just rebounding now. Don't mistake the rebound for a reversal. Gold shorts are not over yet. Gold rebounded in the afternoon, but did not break through yesterday's high, and it fell under pressure. There are still many resistances above. Gold rebounded to 2505-07 and went short directly!
From the 4-hour analysis, today's upper resistance is focused on yesterday's opening point of 2507-12. Intraday pullbacks will rely on this position to continue to focus on shorts and look for a decline. The lower target will continue to break the bottom. In the short term, the dividing line between the long and short strength of gold prices will focus on the 2515 mark. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity, and the main tone of participating in the trend should be maintained.
Xauusdsignal
Gold- Is crucial for bulls to maintain 2480 intactYesterday was another relatively quiet day for gold traders, with the price fluctuating within a narrow 100-pip range and ending with an indecisive daily close.
As I mentioned in yesterday's outlook, despite the recent weeks of range-bound trading, the overall trend remains bullish, and a new all-time high is likely on the horizon.
However, for this bullish momentum to continue in the near term, the 2480 level must hold.
As shown in the posted chart, this zone has acted as both support and resistance since mid-August.
My strategy for a swing trade is to buy on dips, ideally near the 2480 level, with a target of reaching the top of the range around 2530.
GOLD (XAUUSD): Consolidation Trading
I see a perfect horizontal range on Gold on an hourly time frame.
After a test of its support, a tiny cup and handle pattern was formed.
Bullish breakout of its neckline gives a perfect bullish confirmation.
We can expect growth to 2506 now.
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Boldly short goldDue to the cooling of the Fed's interest rate cut expectations, the strengthening of the US dollar index and the profit-taking of some chips, gold barely held the 2500 mark. During the day, gold fell back to around 2490. As gold fell, the upper resistance fell accordingly, and the current short-term resistance has dropped to around 2510.
If gold cannot recover above 2510 today, then gold will continue to fall. Since gold is already trying to test the 2490-2495 area. According to the current weakness of gold, the support in this area may be broken at any time. Therefore, it is entirely possible for gold to continue to fall and test the 2485-2480 area, and it may even continue to fall to around 2470, pointing directly to our staged target area.
So in today's trading, we are still mainly shorting. As long as gold cannot recover above 2510, we can boldly short gold in short-term trading! Now I continue to hold my short position and look forward to further expansion of profits!
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XAUUSD: Wait for a rebound and choose to sell at a high levelLast Friday, as the performance of the US PCE data did not support the Federal Reserve's 50 basis point interest rate cut, the US dollar index rebounded and gold investors took profits, which caused the gold price to fall directly below the 2,500 round number mark. Considering that the U.S. market is closed today, the market fluctuations will not be too large, so we mainly do range-based sell-high and buy-low transactions.
Judging from the Fibonacci retracement indicator of this decline, the upper resistance is mainly in the 2504-2510 area. If the level is broken here, the gold price will return to the high area again and continue to try to set a new high, but this may be difficult today. Appear. The lower support is mainly in the early intensive support area 2470-2480.
So my strategy today is to sell high and buy low in this area. The gold price is now around 2500 points. If it continues to rise to the 2504-2510 area later, I will choose to sell first.
Today is not a major trading day because the U.S. market is closed. There will be multiple major data release days in the next few days this week. This is the key point. Everyone can relax today. We will trade if we have the opportunity. If there is no opportunity, we will not trade.
Resistance area: 2504-2510
Support area: 2480-2470
GOLD possible sell for 2472 & 2462last weekly bar of the month of August is inside bar, range confined within the range of previous bar. 2517-24 supply zone area for sell which is 0.608%-0.79% fib levels. stop above the previous week high i.e. 2532, first target: 2473, price may bounce up from there again. then next possible target after correction is 2462
XAUUSD: 30/8 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2550, support below 2494
Gold operation suggestions: Gold has now formed a four-top pattern. Yesterday's daily line also rose sharply, but the NY market fell again. Today, Friday, is still a critical time point for the European session. The day is also the last trading day of the month and the key time point for the month-end closing. The market may reverse at any time, and stop loss must be strictly enforced.
Judging from the current gold trend, the hourly line continues to fall, and the target of this round of decline has not yet been reached. The support below is still to continue to pay attention to the dense trading area near 2494. Gold rebounds near 2525-30 and does not break through, so it can be shorted.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2525near SL:2529
Technical analysis only provides trading direction!
Gold- Drop to 2480 before reversal?In my Friday analysis, I mentioned that a break above 2530 could trigger an upward acceleration, especially since gold had been trading within a tight range throughout the week. However, this breakout did not occur. Instead, XAU/USD ended the week just above the key 2500 level.
As of this writing, the price is slightly below 2500, currently at 2496, and it may continue to decline. However, there's strong support at 2480, a level that has previously acted as resistance three times—in mid-July, early August, and mid-August. If the price reaches this level, I anticipate a reversal.
In conclusion, I'm looking to buy on dips, targeting a reversal that would push the price back above 2500.
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Stop Loss : Recent Swing Low using 2h timeframe
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XAUUSD:Bullish resistance 2513-2527
This week features a significant amount of data with substantial impact, which is likely to lead to considerable market volatility. This presents both risks and opportunities—if managed well, doubling profits is achievable.
In Monday’s gold trading, start by taking long positions since the market is still consolidating within a flag pattern and has not broken below the support near 2488. Focus on the resistance levels at 2509-2515 and then around 2527. This resistance level is well-known and has been tested four times without an effective breakout, so it’s prudent to trade within this range for now.
Given the recent instability in the broader environment, there’s potential for gold bulls, but this assumes further deterioration in the situation. If the market remains indecisive, bulls may lack the strength to drive a significant rally. From a mid-term perspective, I personally believe that selling at higher levels may be more favorable.
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we would be looking for the high to confirm which worked well, to then short into the lower support levels which we got nearly to the pip. We then said we would long looking for price to attempt the ATH to finish off the week, this move completed half way. During the week, we said traders should look for an undercut low which was again achieved and gave us another opportunity to long back up. On Thursday we suggested traders protect trades and take a majority as price seemed to struggle at resistance. Fortunately, that was the perfect time as we then witnessed the attempt at rage low again which is where we closed.
A fantastic week on not only gold, but the numerous other pairs we trade hitting targets and completing another phenomenal month in Camelot.
So, what can we expect from the week ahead?
For this week we have to keep in mind we’re still in that range and price is accumulating. That entails these swings up and down as they’re simply gathering orders before a potential breakout. We have a US Holiday tomorrow so volume during that session should be low and on Friday we have NFP, so we can expect a lot of movement Tuesday into Thursday pre-event.
We’ve plotted the potential range we feel price may play but that’s based on it remaining below the 2515 region. Ideally, on open we would like to see this attempt the resistance level and fail, if that is confirmed, we feel an opportunity to short into the lower support levels are available with the initial level being 2480-85.
It’s these lower levels we want to monitor as the tap and bounces can come from below if reached taking this back up. We have to be mindful this week due to NFP which is likely to cause the whipsaw, and if they do want to attack that ATH again, we feel this is when it come.
Please keep an eye out for KOG’s bias of the day together with the red boxes we share. These have proved to help traders in stay the right side of the markets and work extremely well with the target levels we post across all the pairs we trade.
We’ll say this report is applicable until mid-week, we’ll then prepare for NFP.
KOG’s bias of the week:
Bearish below 2515 with target below 2485
Bullish on break of 2515 with target above 2540
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Gold reversal zone. Selling with a correction Gold reversal zone. Selling with a correction
The situation in the gold market is currently at a level of heightened investor interest due to several factors: global economic uncertainty, inflation risks and political instability. Gold prices are showing steady growth and remain at high levels due to its status as a safe-haven asset. Central banks of some countries continue to accumulate gold in their reserves, which also supports its value. At the same time, rising interest rates may put pressure on the prices of gold assets, as investors may prefer higher yielding instruments. Analyzing changes in economic indicators and geopolitical situation becomes important for predicting further movement of gold prices.
GOLD H1 Analysis: Two Different Perspectives GOLD: Two Different Perspectives
Yesterday, I provided a broader time frame perspective on GOLD and detailed why it might move down again.
Given the market’s lack of clear direction, we should remain cautious as the price evolves.
This time, I am sharing my opinion on two possible scenarios, acknowledging that traders have different perspectives and the price is at a critical juncture.
Bearish Scenario:
The price is testing a strong zone near 2530 for the fourth time, as seen in the chart. If this zone holds, we could see GOLD moving down to 2504. A move below 2504 could push the price further down to 2483.
Bullish Scenario:
A move above 2530 today could push the price up to 2550, which might become the next resistance zone where we could see potential bearish momentum again.
However, I am more focused on the bearish move, as I have explained my opinion several times.
You may find more details in the chart!
Thank you and Good Luck!
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XAUUSD: Today will be the last chance to set a new highYesterday we sold at 2525 and closed at 2515. Just now, the gold price rebounded to 2525 again. I notified in the channel that I had done such a transaction again, and now it has been closed with profit. I believe that friends who have followed my trading strategies have made huge profits. Congratulations to everyone.
The 2525-2530 area has not broken for 5 consecutive times, which will obviously have a negative impact on the strength of the bulls.
However, I observed that in the 1H chart, the recent lows of gold prices are constantly moving up, which shows that gold prices are moving upward. Although the highs have been stuck in the 2525-2530 area, the upward movement of the lows indicates that there is already an idea of breaking through the resistance range.
In addition, there are multiple data to be released today, among which the important data PCE price index will be the top priority of the market. Once several of these data are bullish, coupled with the current high global risk aversion, I think gold is likely to break through the resistance.
Therefore, based on the above information, I give the following trading strategy:
Buy bullish when the price falls back to the 2500-2510 area
Or wait for the PCE data to be released and make other plans based on the data performance
I prefer the former because I have a feeling that the gold price will hit a new high today
XAUUSD:Flag pattern consolidation, watch for the breakout direct
Gold continues to fluctuate at high levels. Keep an eye on the resistance. If it breaks through, we could see a significant rally next week. If it fails to break through, you can continue trading within the 2480-2520 range until the market decides on a direction.
If the support is broken, the next low could appear below 2450. If the resistance is broken, the high has a chance of reaching the 2543-2558 range.
ATH XAU is getting closer !! will it reach 2550 ??⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is under pressure on Friday due to a stronger US Dollar (USD). Positive US growth data and lower Initial Jobless Claims have reduced expectations for a significant rate cut by the Federal Reserve (Fed) in September, weighing on gold. However, rising geopolitical tensions in the Middle East and the ongoing Russia-Ukraine war may increase safe-haven demand, supporting gold prices.
Investors are watching US inflation data for clues on the Fed's rate cut decision. The core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, is expected to rise 2.7% YoY in July, slightly up from 2.6% in June. A softer-than-expected PCE could prompt the Fed to begin a rate-cutting cycle, which would be favorable for XAU/USD.
⭐️ Personal comments NOVA:
The bulls are still dominant, trying to surpass the old 2531 ATH zone. NOVA is still waiting for September - the end of August will continue to sideway and adjust downwards.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2507 - $2509 SL $2503 scalping
TP1: $2515
TP2: $2522
TP3: $2531
🔥BUY GOLD zone: $2483 - $2485 SL $2478
TP1: $2495
TP2: $2502
TP3: $2510
🔥SELL GOLD zone: $2548 - $2550 SL $2555
TP1: $2540
TP2: $2530
TP3: $2520
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD: Price will likely to continue rising up towards 2558$! Dear Traders,
Price is likely to continue rising up towards 2558$ as price has been consolidating since last few days. Sellers tried to take the price down but they failed to do it so and it reversed back from our previous buying entry point. We will having big news in coming days which will likely to shape the market and trend. Good luck.
Gold- ready for up break and new ATH?Gold has experienced a very quiet week, with prices fluctuating between approximately 2500 and 2520.
While we haven't seen a decisive move in either direction, I believe the odds favor an upward breakout, potentially leading to new all-time highs.
I will maintain my bullish outlook as long as Gold remains above 2500.
After the gold rebound, continue to short gold!Brothers, today we use the 2525-2530 area as resistance and continue to short gold near 2520. Obviously, with the help of the initial jobless claims data, our profits have grown rapidly! Because gold has certain buying support in the 2505-2500 area, we choose to manually close the position near 2507 to lock in profits in time. Congratulations to all the brothers who followed my trading signals and ended their short positions with profits again!
At present, gold has received support from the 2505-2500 area as expected, and has rebounded in the short term. It has now rebounded to around 2513. So how do we find opportunities next? In fact, from the candlestick chart, although gold continues the triangle consolidation trend, it has been under pressure in the 2525-2530 area many times, which has consumed the bullish momentum to a certain extent; and as gold falls back, the upper resistance area is gradually moving down, which is also conducive to the decline of gold; and the strong counterattack of the US dollar has also brought certain pressure to gold. In addition, if gold fails to break upward, there may be a certain amount of profit chips cashed out. Once a large number of chips are cashed out, it may even cause a certain amount of selling.
So in terms of trading, if gold continues to rebound, then I will also consider continuing to short gold after the rebound. First, observe the performance of gold in the 2516-2520 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. !