XAUUSD: 2531 high will definitely be refreshedGold market fundamentals:
Powell made a speech on interest rate cut last Friday. The September interest rate cut is a foregone conclusion, and the probability of a 50 basis point interest rate cut has increased.
The US dollar index and US Treasury yields continue to fall.
The Middle East and Russia-Ukraine geopolitical crises are intensifying, and risk aversion continues to rise.
Gold market technical aspects:
From the 4H chart, gold prices still maintain an upward trend. Last week's correction did not effectively fall below the Fibonacci retracement of 0.618. According to the wave theory, from 2380 to 2530, this is the rise of AB waves, and now it is the extension of C waves. According to the amplitude of each wave, the high point of 2531 will definitely be refreshed.
Trading strategy: Now it depends on when 2531 breaks through. If it breaks through directly, we will chase the rise. If there is no break, wait for the retracement to the 2510-2515 range to buy.
Support range: 2515, 2510, 2500
Resistance range: 2531
Daily risk data:
US durable goods orders monthly rate in July
US Dallas Fed business activity index in August
Xauusdsignal
XAU shows positivity above $2500⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) show a slight downward trend near the $2,500 mark on Monday. However, the potential for further decline may be limited due to growing expectations that the US Federal Reserve will start lowering interest rates in September, which typically supports Gold by reducing the opportunity cost of holding it.
Additionally, rising geopolitical tensions in the Middle East and ongoing economic uncertainty are likely to increase demand for the safe-haven asset, supporting Gold prices. However, weak demand in the Chinese economy, the world's largest gold producer and consumer, could weigh on the metal. Later today, the US July Durable Goods Orders are set to be released. This week's key events include the preliminary US GDP for Q2 and the PCE Price Index for July, due on Thursday and Friday, respectively.
⭐️ Personal comments NOVA:
Gold prices are still positive after the FED's statements, Gold prices continue to maintain above the 2500 zone, stable in the second session of the week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2496 - $2494 SL $2489
TP1: $2505
TP2: $2515
TP3: $2530
🔥SELL GOLD zone: $2528 - $2530 SL $2535
TP1: $2520
TP2: $2510
TP3: $2500
⭐️ 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: 26/8 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2550, support below 2450
Four-hour resistance 2550, support below 2494
Gold operation suggestions: Gold opened today with a slow rise and shock pattern, and today's trend should be consistent with the trend at the end of Friday. Today we follow the trend to go long, but we are not in a hurry to enter, waiting for the opportunity to enter.
Judging from the current trend, today we will focus on the short-term support of 2501 below, and focus on the suppression of last week's high of 2531 above. Continue to go long after the retracement. The market is changing rapidly, so observe the reaction of gold.
BUY:2494near SL:2490
BUY:2500near SL:2494
BUY:2507near SL:2500
Technical analysis only provides trading direction!
This signal is not a real-time trading guide, so please use a small SL to test the signal
waiting for new ATH XAU !! 8/26 The Gold price (XAU/USD) trades with mild losses near the $2,500 psychological support on Monday. However, the downside of the precious metal might be limited amid rising expectations that the US Federal Reserve (Fed) will begin lowering borrowing costs in September. Lower interest rates are generally positive for Gold as it reduces the opportunity cost of holding the non-interest paying asset.
Furthermore, the escalating geopolitical tensions in the Middle East and the economic uncertainty are likely to boost the safe-haven demand, benefiting Gold price. On the other hand, the sluggish demand in the Chinese economy might undermine the yellow metal as China is the largest producer and consumer of gold worldwide. Later on Monday, the US July Durable Goods Orders are due. The highlights for this week will be the preliminary US Gross Domestic Product Annualized (GDP) for the second quarter and the Personal Consumption Expenditures-Price Index (PCE) for July, which will be released on Thursday and Friday, respectively.
2024 will be the year of the strongest increase of Gold: old ATH 2531 and continue the upward trend
According to the M30 trendline, wait for the price to retest the supply zone. then increase again
BUY XAU: ZONE 2517 - 2515
SL: 2511
TP: 40 - 80 - 150 PIPS ( 2530 )
Safe and profitable trading
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Again ATH Or 2475 Tomorrow? In This 4H Scenario I Only See These Levels As For Tomorrow.
Either Another ATH Or Will Reach Again To 2475.
Still Couldn't Break Daily Resistance And Fib 0.7 So Potentially A Fall Can Be Happen. But If Gold Stable Above The Current Level Of High Volume Zone (2510 - 2514) Gold Will Push up like Nothing Hold It.
For More Conformations Gold Need To Move.
1H TF Will Update After Market Move.
Happy Hunting guys
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.
GOLD IS GONNA HIT 2600 SOONHello Guys Hope You Are Doing Great.
So Let's Dive In The GOLD.As My Expectation On Gold Elliot Wave Analise That I Publish Last Week Is Still The Same For The Rest Of the market Structure. As My Expectations Gold Has Bounce Back From The Nearest Daily Resistance (Daily RBS) After Making The ATH Last Week And Now Again At The Level Of Last Daily Resistance.
There's A Higher Chance To Break The Daily Resistance On Monday Or Tuesday Next Week. If Only Break this Daily Resistance Gold Will Push Up Maybe Without A Pullback Fore At Least 500 - 1000 Pips On Straight. Because Powell Show A Green Light For The All Markets With Last Week Speech That Indicate That In The Near Future The Will Be Interest Rate Cuts But If Not Gold Will Touch The SWAP Zone Faster Then Ever.
So This Is My Next Week Expectation On Gold.
Wait For More LTF Analise Soon.
GOLD (XAUUSD): Bullish Movement to All Time High
Gold closed in a very strong bullish mood this week.
The price retested a recently broken horizontal resistance,
bounced and violated a resistance line of a bullish flag pattern on a 4H time frame.
Probabilities are high that the market will continue growing next week.
Next goal for buyers will be the resistance based on a current All Time High.
❤️Please, support my work with like, thank you!❤️
XAUUSD GOLD Mines Bullish Robbery Plan To steal the GoldMy Dear Robbers / Traders,
This is our master plan to Heist XAUUSD GOLD MINES based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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XAU Upcoming Analysis Analysis:
1. Trend Change: The chart shows a sharp rise followed by a pullback, indicating that the strong bullish momentum has paused. The price then experienced some volatility, with lower highs forming after the peak.
2. Support Levels:
• The price tested the 2483.25 area, where it found support before attempting to move back up.
• The price is now approaching the 2497.15 level, which could act as a potential resistance or pivot point.
3. Resistance Levels:
• The peak near 2530.05 marks a significant resistance level.
• Intermediate resistance may be observed around 2506.80 and 2512.50
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.
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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.
Gold Analysis==>> More DumpsAs I expected in the previous post , Gold started its correction from the Potential Reversal Zone(PRZ) .
Gold has already managed to break the lower line of the ascending channel .
Also, Sell Signal is created by EMA(100) and SMA(100) .
I expect Gold to continue to correct and, at least, fall to the Targets I have outlined on the chart.
Note: We should wait for the Gold pump if Gold can break the Resistance zone($2,501-$2,493) and Downtrend line.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD: Rebound to 2500 met resistance, will it continue to fallYesterday, the price of gold fell rapidly after breaking the 2500-point integer mark, falling as low as 2470, with a range of 30$. 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.
XAUUSD:23/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2514, support below 2470
Gold operation suggestions: Gold was under pressure around 2515 yesterday, and retested to 2470. It broke the previous day's starting point of 2485. The strong market broke the low and turned into a volatile consolidation market.
The overall price showed a stage head pattern at the 2530 mark. The daily level was suppressed below the 2520 mark for two consecutive trading days, showing a weak oscillation and decline. Today, the upper strong resistance pressure focuses on the 2500 integer mark. The intraday pullback relies on this position to continue to be short and follow the trend to fall. The lower target continues to focus on breaking the new bottom.
BUY:2484near SL:2480
SELL:2500near SL:2505
SELL:2514near SL:2519
Technical analysis only provides trading direction!
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 😎
GOLD - 1H Sell OpportunityAfter yesterday’s significant drop, OANDA:XAUUSD saw a rise, pushing up to the resistance block order zone. Given the strength of this resistance, there’s a high likelihood that gold could face a strong downward movement from this level, potentially leading to a substantial fall. This setup suggests that the recent uptick might just be a temporary retracement before the next bearish leg.
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.