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. 📊✅
Xauusdsignal
FOMC! The most important news in September 2024⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) found support from buyers during the Asian session on Wednesday, halting the previous day's pullback near record highs. Expectations of aggressive rate cuts by the Federal Reserve have kept the US Dollar from fully recovering, helping to support gold prices. Additionally, concerns over potential conflict escalation in the Middle East and political uncertainty in the US ahead of the November elections continue to boost the safe-haven appeal of gold.
However, investors are likely to remain cautious ahead of key central bank meetings this week. The Fed will announce its decision on Wednesday, followed by the Bank of England on Thursday and the Bank of Japan on Friday, which could drive market volatility and impact gold prices.
⭐️ Personal comments NOVA:
Gold price decreased slightly - sideway around 2560-2590 before FOMC, Lower interest rates brought positivity to XAU. Waiting for the new ATH to reach 2603 and then drop sharply to gain liquidity below
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2564 - $2562 SL $2557
TP1: $2570
TP2: $2580
TP3: $2590
🔥BUY GOLD zone: $2545 - $2547 SL $2540
TP1: $2550
TP2: $2560
TP3: $2570
🔥SELL GOLD zone: $2603 - $2605 SL $2610
TP1: $2595
TP2: $2580
TP3: $2570
⭐️ 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
I doubled short gold around 2589.Bros, I know that some short sellers are very anxious because gold has already reached around 2590, and it is only one step away from 2600. As long as my friends who follow me know, I hold a short position, but I am not particularly worried. If you still hold a short position in gold, please be sure to read the following content carefully.
Today, gold basically maintained a consolidation trend. As of now, gold has not broken through 2590. Since yesterday, I have been emphasizing that the 2580-2590 area is likely to become a short-term top area, and it still holds true now. Gold has failed to break through 2590 many times, and it is very likely to copy the trend of gold near 2530 some time ago. It has failed to break through many times, and it has built a short-term top structure and then fell under pressure. I think this possibility is very high!
In addition, the Federal Reserve is going to cut interest rates, and I firmly stand in the camp of expecting a 25 basis point interest rate cut. Once the Federal Reserve cuts interest rates by 50 basis points below market expectations, gold will inevitably fall. Moreover, gold rose before the interest rate cut, which is likely to reserve room for decline after the interest rate cut.
Last point, in fact, what I focus on now is not market fluctuations, but market sentiment. Even if I continue to be bullish on gold, the transaction risk is very high, so I prefer to start shorting gold when the market's bullish sentiment is high. So I am not worried about the short positions in my hands. On the contrary, I doubled my short positions on gold near 2589 today. I believe that time will eventually give us rewards!
The 2550 target has been achieved, how to trade next?
Currently, gold has fallen below 2550, and our short-term goal has been achieved. Due to the rapid and sharp decline, there is a need for a rebound and repair on the technical side. It is expected that there will be an increase in the intraday tomorrow. The transaction can be mainly based on low-level longs, and short again after rebounding to the resistance.
Sorry, I have already shorted gold!Stimulated by the news, gold has risen rapidly to around 2552. Obviously, gold has seen a very obvious squeeze and rise. After the rapid rise of gold, there must be a technical demand for a fall. I expect 2552 to be the high point of gold in the day, so when you all want to chase the rise of gold, I have already started to short gold!
Brothers who are shorting gold, you are definitely not alone, I am here with you!
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: Sell@2577-2590
Have a nice day. I was away on a business trip Tuesday, and just got back today—I hope everyone is doing well.
Gold did not follow my initial expectation of a decline. Instead, after breaking through resistance, it experienced a significant rally. Today, it broke past 2580, setting a new all-time high. Based on current indicators, the market still has upward momentum, and we can't rule out the possibility of testing 2600. However, before that happens, there will likely be a test of support.
Thus, my trading approach is to short gold in the 2577-2590 range for now.
Gold Set to Decline After European Session
Today, the primary focus is on short positions after the European session. During the Asian session, there may be another test of the upper resistance, but the probability of a breakout is low. Therefore, after the European session, bearish momentum is expected to take control. Our trading strategy should align with this trend by initiating sell positions. In the near term, the market is likely to decline towards the 2550 level, with a medium-term target around the 2487 zone.
GOLD H1 Analysis rate cuts decision today big move expected GOLD H1 Analysis rate cuts decision today big move expected
Sell Zone
Buy Zone
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Gold Forms Triangle Consolidation, Double Top Reversal in Sight?
Yesterday, gold made its first pullback to test support and has now formed a triangle consolidation pattern. I anticipate that today will begin with an upward movement, followed by another test of resistance. However, I believe the resistance will hold, leading to another decline. Eventually, gold is likely to break below the trendline, forming a double top at the highs and triggering a significant bearish reversal.
Is Gold Predicting a 50-Point Rate Cut? Gold surged to an all-time high before pulling back, as investors await the Federal Reserve’s first move to ease monetary policy in over four years.
Traders are pricing in a 67% chance of a 50-basis-point rate cut, according to CME’s FedWatch Tool. Yet, despite growing expectations of an aggressive start to the policy easing, gold has slipped 0.5%, paring last week’s gains to 2.9%.
Could we see more downside in gold if a 25-basis-point eventuates from the Fed? $2,530 could be a potential level of support in this scenario.
Technical indicators, including the Relative Strength Index (RSI), have eased from near-overbought levels but perhaps not enough to suggest a more significant decline in gold prices is imminent.
XAUUSD: The decline is about to begin, have you sold?After gold rose to the high point of 2580-2590, it basically maintained a shock consolidation this week. So far, no new historical highs have been triggered this week.
For now, most investors in the market believe that the Fed's interest rate decision will be a node, but in fact, it is not. I think today's data will be a window for a change.
Because the closer the interest rate decision is, the more people will be eager to close the profitable long orders, which will quickly weaken the long force and give the short force an opportunity to take advantage of the situation.
So I think there is a high probability that there will be a callback before the interest rate decision.
Trading strategy:
Sell in the 2580-2590 area, the target is first to look at the 2550 area, and the second is the previous high 2530 area.
I personally still hold on to the short orders I held last week. After adding positions at high levels several times, the average price is now at 2567. As long as the gold price falls, our trapped orders can be closed at a profit.
Gold Nearing Peak: Time to Short Ahead of Expected Pullback
Gold has reached a high level, and technical indicators are starting to show signs of weakening. I anticipate that we are about to see the final short-term push upward, followed by a return to a downward consolidation trend. Prices are expected to drop below 2550.
The current trading strategy is to initiate short positions, gradually adding more as the price fluctuates, and holding until the downward trend begins.
Gold Stagnates at Resistance: A Breakdown Imminent?
Gold has been consolidating at its high levels for some time, with the resistance zone clearly defined. As long as this resistance remains unbroken, the primary focus should be on short positions. The longer the price consolidates, the sharper the eventual decline is expected to be.
Gold: Will start selling above 2590
Currently, the gold price is at 2584. I believe it should rise to the 2590-2596 range before starting to decline, with a significant drop likely to occur, potentially reaching the 2563 area. Therefore, I plan to initiate a sell position near 2590, with take-profit targets set in the 2573-2561 range.
Gold's price movement could be influenced by market supply and demand, geopolitical risks, and economic data, so I will closely monitor market developments to adjust my strategy as needed.
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