XAUUSD 4hr Long 4hr Long
XAUUSD has been breaking into new highs on our Weekly, Daily and now our 4hr entry time frame. and surfing above our 50/200 EMAs. Price has now had a pullback followed by a valid engulfing pattern. That makes this a good example of the 50ema Valid Engulfing Strategy.
🎯 Entry - 2512.250
💰 Take Profit - 2567.576
❌ Stop Loss - 2493.830
Xauusdsignal
ENDING DIAGONAL ! CORRECTION OR KEEP PUSHING UP ? Last Friday Gold Make The History Again By Making New ATH And That The Psychology Level Of 2500 , And All The Way Up To 2509.8 Marking As New ATH (For Now) By Closing Above 2500 Weekly/Daily And 4H Candles Strongly.
What drives Gold Now ?
No Any Good Resistance
Fundamentals Are Good For Gold
War Is Still Going On
But As My Simple Elliot Wave Annualize Gold Has Make A Ending Diagonal Pattern Here. Ending Diagonal Is Indicating A Reversal Sing Of Gold If Follow Technicals. But Have A Doubt About That Because Of The Behavior Of The Gold Is So High Demand As Same Time. If The Diagonal Break Is Solid Gold Can Again Make A Motive Until Price Reach 2650 .
Will See On Next Week What Will Happen.
Wait For More Update
XAUUSD: 2500 is not broken, so it can continue to be bullishGold Market Fundamentals:
Investors are largely convinced that a rate cut will happen in September, with the U.S. Dollar and Treasury yields continuing to decline, providing strong support for gold prices. Revised data from the U.S. Department of Labor reflects growing Fed concerns over the labor market, reinforcing expectations of a rate cut. Escalating geopolitical tensions in the Middle East and the stalled ceasefire negotiations in Gaza are also supporting gold prices.
Fundamentally, the market remains optimistic. Global economic slowdown, trade tensions, and geopolitical risks are all factors supporting gold prices. Meanwhile, increasing expectations of a Fed rate cut are likely to further weaken the U.S. Dollar, creating favorable conditions for gold.
Gold Market Technicals:
On the 1-hour chart, gold prices have repeatedly tested the 2500 level as a key support, and it appears strong, with multiple pullbacks failing to break through. Additionally, the MACD indicator has formed a double golden cross pattern, indicating the potential for further price increases.
Trading Strategy:
Based on the above analysis, we maintain a bullish outlook today. However, close attention should be paid to the 2500 support level. If this level is broken, the pullback could intensify. Therefore, monitor the 2500 support closely, and I will update the strategy in the channel if any changes are needed.
Support Range: 2500-2488, 2460-2475
Resistance Range: 2520, 2531
Intraday Risk Data:
U.S. Initial Jobless Claims
U.S. August PMI Data
U.S. July Existing Home Sales
Focus on Powell's speech tomorrow
First go long gold, then go short goldHello everyone, because I have been in the hospital for treatment and rehabilitation recently, I have not had time to update my trading ideas in recent days. I have completed all the procedures in the hospital today, and I can participate in the market again from today.
From the overall situation, after gold reached a high of around 2532, the bullish momentum slowed down, and gold showed signs of returning to the technical side, so gold has a need for correction and repair. However, according to the short-term rhythm, gold has been able to rebound in time after falling many times, and it has not effectively broken during the decline, so gold refuses to fall to a certain extent, and the buying force below is strong.
From the overall structure of gold, I currently divide gold into three areas as a whole. At present, gold is running in the first area. According to the profit and loss ratio, in terms of trading, I actually prefer to short gold at a high level; currently, gold has fallen to around 2485 in the short term, which is exactly at the dividing line between the first and second areas, and is also located in the short-term support area. Therefore, in terms of short-term trading, we can first consider going long gold in an appropriate amount; when gold rebounds to the middle and upper area of the first area, that is, after it is around 2510, we can then consider shorting gold!
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. !
XAU/USD Monthly Chart Analysis: and Future Target 3000?On the monthly chart of XAU/USD, a classic Cup and Handle formation has developed, with a significant breakout occurring on March 1, 2024. Following this breakout, the price rallied by approximately 24.62%.
To project future price targets, I employed a method of measuring the depth of the cup and adding it to the breakout level. This calculation resulted in a potential price target range of $2,915.24 to $3,000, reflecting a total expected increase of around 42.39%. As of today, August 22, the price has already moved up by 18.81%, leaving a potential upside of 16% to reach the target.
The time projection for achieving this target was derived from the duration taken to complete the Cup pattern, which spanned 108 bars. By dividing this time period by two, I arrived at 54 bars, pinpointing a potential target date of September 1, 2028. Interestingly, there's a coincidental alignment between the breakout date of March 1 and the projected target date of September 1.
However, it’s important to note that financial markets are highly sensitive to news and events, leading to dynamic price movements. The prices are not static and can experience various phases, including uptrends and downtrends. The intention behind this analysis is to identify and track high-time-frame patterns, providing a basis for future projections.
I’ll also be tagging my previous Ethereum prediction, where I forecasted a price movement from $1,500 to $3,500 based on similar logic.
Disclaimer: This analysis is for educational purposes only and reflects my personal study and predictions. It is not intended as financial advice. Please conduct your own research or consult with a professional before making any investment decisions.
XAUUSD - 4H Gold’s Potential DownturnOANDA:XAUUSD has recently surged to the top of its ascending channel, reaching above the $2,500 level. This move, however, appears to be a liquidity hunt, where the market triggers stops above significant levels before reversing direction. After this liquidity grab, technical analysis suggests a strong possibility of gold retracing within the ascending channel.
Fundamentally, several factors are contributing to the potential downside. The recent easing of tensions in the Israel-Palestine conflict has reduced demand for safe-haven assets like gold. Additionally, the de-escalation in geopolitical risks generally leads to a pullback in gold prices as investors shift towards riskier assets. Moreover, the broader market sentiment is leaning towards a stronger dollar, especially with expectations of continued monetary tightening by central banks, which could also pressure gold prices downward.
Given these technical and fundamental factors, gold is likely to face a correction back within the channel, with potential support levels around $2,350-$2,400. This retracement would align with the overall market dynamics and investor sentiment shifting away from gold.
Gold Analysis 8_21 Gold has turned bearish and news helped pushed price down . Dollar gaining some strength
and reaching previous days high. Price has taken all the lows of the week and into last Friday.
We could see it touch weekly low but a lot of bearish pressure is in the market.
I'm really focusing on gold now I'm trying to watch it and gain a feel for it more. So far its
rewarding and a learning experience. lol
Looking to see a rally back up to a zone then push back down towards sell side liquidity areound 2451.00
I'm a seller by nature so I'm able to see those much easier. I took my profits and watching the rest until London/NY session.
Follow me for more info.
Risk Mngt #1
XAUUSD:22/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2500-2450
Four-hour resistance 2514, support below 2500-2494
Gold operation suggestions: Gold fluctuated in the range yesterday and was shot down again at 2519. The slight rebound in the Asian and European sessions was under pressure at the 2519 mark, forming multiple suppressions. The European session fell down and broke through the 2500 integer mark to reach 2493 and stabilized and rebounded. After the news was released, the gold price quickly rose and pierced the 2519 mark and fell back.
From the current market trend, the support below continues to focus on the vicinity of 2494, and the pressure above focuses on the vicinity of 2514-2530. Continue to rely on this range to sell high and buy low during the day. If it breaks through, trade with the trend.
BUY:2494near SL:2490
BUY2500near SL:2494
BUY:2514near SL:2510
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold Trading Strategy: Resistance at 2520 Reinforces Bearish OutIn my analysis yesterday, I mentioned that Gold could start correcting, and that rallies should be sold. This prediction played out as expected: after attempting to rise above the 2520 mark, the price began to decline, reaching an intraday low just below the critical 2500 level.
Although the bulls tried to regain control, they faltered again around the 2520 level, indicating a strong resistance at this point.
This suggests that a solid ceiling has formed at 2520, and further declines in Gold's price are likely.
As of now, the price is hovering just above 2500, and my strategy remains unchanged: sell during rallies.
The first target for the bears could be the support zone around 2485.
However, in my opinion, if the price decisively breaks below 2500, a more appropriate target would be 2460. This bearish outlook would be negated by a daily close above 2520.
XAUUSD: 2500 points determine the next directionI have some personal matters today, so I don't have time to update you with detailed trading strategies. I will just briefly talk about it.
At present, there is a risk of a correction in gold. If it cannot continue to break the previous high, I will not continue to be bullish. 2500 is a key point. If it breaks, it may adjust downward by 30-50$, so you need to pay special attention.
The above paragraph is what I said in the channel. Now it seems that my guess has been confirmed. Gold does have the risk of falling. The lowest point of this decline is 2493, but it is not an effective break. Now the price is hovering around 2500 points, and there is indeed support near 2500 points.
Now let's see the break near this support. If there is no break, then we will continue to look at the previous high, and if it breaks down, we will be bearish.
Whether 2500 points can support or break is difficult to predict now, so I will give you a trading plan for your reference
If 2500 points support, we will buy, and the target is near the historical high of 2531
If 2500 points break down, we will sell, and currently it is near the previous high of 2480
XAUUSD:21/8 Today's Market Analysis and StrategyGold technical analysis:
4H resistance 2530, support below 2485
1H resistance 2520, support below 2500
The Fed's September rate cut expectations have greatly boosted gold prices. Investors expect the Fed to cut interest rates by 25 basis points, which puts pressure on U.S. Treasury yields and the U.S. dollar, pushing gold prices to a record high on Tuesday. From a technical point of view, gold prices have been blocked from rushing up to the $2,520 mark many times, and the upward momentum has weakened. Investors need to beware of the possibility of gold prices fluctuating at high levels and building a peak. However, from the daily chart, gold prices are still in the rising stage, and technical indicators have not shown signs of falling, and the overall upward performance remains strong. Pay attention to the support of the 2480 long-short dividing line in the short term.
Gold operation suggestions for the evening:
BUY: 2482-2485, SL: 2475
SELL: 2520-2525, SL: 2530
Technical analysis only provides trading direction!
Gold Continues on ATH Bullish Path⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) saw slight losses on Monday as investors paused after the recent record high, waiting for more clarity on the Federal Reserve's (Fed) policy plans. Attention is now on the release of the July FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday. His comments will be key in guiding expectations for future interest rate cuts, which will influence the US Dollar (USD) and gold's next move.
Meanwhile, the growing belief that the Fed will start easing rates in September, due to signs of cooling inflation, has pushed the USD Index (DXY) to its lowest level since January. Ongoing geopolitical tensions in the Middle East and the Russia-Ukraine war continue to support gold. However, a positive market sentiment and hopes for a Gaza ceasefire may limit significant gains for XAU/USD. Despite this, the overall outlook favors bulls, with any significant dip likely seen as a buying opportunity.
⭐️ Personal comments NOVA:
Gold price is currently sideways around $2500, accumulating waiting for FOMC interest rate information on Wednesday. Still supporting the Uptrend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2478 - $2480 SL $2473
TP1: $2495
TP2: $2510
TP3: $2530
🔥SELL GOLD zone: $2530 - $2532 SL $2537
TP1: $2520
TP2: $2510
TP3: $2500
⭐️ 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
XAUUSD Gold Technical Analysis and Trade Idea 👀👉 Our focus is on the XAUUSD, which has exhibited strong bullish momentum on both the daily and 4-hour charts. However, with prices currently encountering a resistance level, we expect a potential retracement towards the Fibonacci 50% to 61.8% levels.
This analysis incorporates essential aspects of technical analysis, including trend identification, price action, and market structure. We'll also detail a potential trade setup and discuss strategies that could enhance the probability of success.
Please keep in mind that this analysis is intended for educational purposes only and should not be taken as financial advice. The observations provided are speculative and do not guarantee future market outcomes. We highly recommend verifying current price actions before making any trading decisions.
This presentation offers a comprehensive review of the prevailing trend, market structure, and price dynamics. However, it’s crucial to recognize that while the information is educational, it does not assure trading success. Trading in the foreign exchange market involves significant risks, and we strongly emphasize the importance of applying sound risk management techniques in all your trading endeavors.
We encourage you to perform extensive research and carefully consider all factors before making any trading decisions. Stay informed, be cautious, and approach the markets with a well-crafted strategy. 📊✅
1:5 risk to reward buy setup for GoldCore Analysis Method: Smart Money Concepts
Here’s the analysis based on the Smart Money Concepts methodology:
😇 7 Dimension Analysis
Time Frame: 5M
Swing Structure:
The market structure is strongly bullish with liquidity resting in a key area at the extreme POI. The Inducement has been taken, and the corrective swing move has reached its lowest levels, showing two pullbacks. The internal structure supports this corrective move, with Order Blocks (OB), Sell Order Blocks (SOB), Fair Value Gaps (FVG), and liquidity marked as Points of Interest (POI) in the Discounted zone, making this setup powerful.
Support & Demand are also located in the POI zone, making this setup favorable for bullish momentum.
Pattern:
🟢 Chart Patterns:
A Rectangle pattern is forming, so patience is required to see how it plays out.
🟢 Candle Patterns:
Candle patterns will be considered once the price reaches the POI.
Volume:
No notable volume observations at this point.
Momentum RSI:
Skipped for this analysis.
Volatility Bollinger Bands:
Skipped for this analysis.
Strength ADX:
Skipped for this analysis.
Rating: ⭐⭐⭐ (3 Stars)
Probability: 50%
The probability is moderate, indicating a balanced risk/reward scenario.
✔️ Entry Time Frame: 5M
✅ Entry TF Structure: Bullish
☑️ POI: Extreme unmitigated OB
💡 Decision: Buy Limit
🚀 Entry: 2494
✋ Stop Loss: 2484
🎯 Take Profit: 2545
😊 Risk to Reward Ratio: 5 RR
🕛 Expected Duration: 1 Day (D1)
SUMMARY:
This setup on the 5-minute timeframe suggests a potential buying opportunity as the market is in a bullish structure, and key Points of Interest align at the Discounted zone. The Rectangle chart pattern forming adds to the likelihood of a potential move. The trade setup has a moderate probability with a 5:1 risk-to-reward ratio. The entry is planned at 2494, with a tight stop loss at 2484 and a target at 2545. Given the lack of significant volume, momentum, volatility, and strength indicators, this trade is more speculative and should be monitored closely as the price approaches the POI.
XAUUSD 1H BUY PROJECTIONThe allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gol
Gold Analysis==>>CorrectionGold has managed to break the Heavy Resistance zone($2,484-$2,431) and the Resistance line and is currently moving in an Ascending channel .
According to Elliott's wave theory , Gold seems to be completing the main wave 5 .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to drop from the Potential Reversal Zone(PRZ) to at least the lower line of the Ascending channel.
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.
Gold Hits New ATH Amidst Volatility: Preparing for a Correction?If you’ve been following my analyses over the past 10 days, you’ll know that I’ve maintained a bullish outlook on gold, anticipating a rise above 2500.
Although last week was marked by strong volatility, and two of my long trades didn’t hit their targets—one closing at break-even and the other with a modest 40-pip profit—the overall outcome has been quite satisfactory, with gains totaling around 600 pips.
Looking ahead, while the overall trend remains strongly bullish, I now expect some correction. As shown on the posted chart, the price reached the resistance of the channel in which gold has been trading recently.
After hitting a new ATH yesterday at 2530, the price encountered significant volatility, likely due to profit-taking, which often signals a temporary top.
As I highlighted in an update during yesterday’s trading session, the key level for bulls to watch is around the 2505 zone. A break below this level could lead to a decline towards the crucial support at 2480.
With this in mind, I’m looking to sell rallies against yesterday’s high, targeting the 2480 level.
XAUUSD: Buy again during the wait for the pullbackGold Market Fundamentals:
The current rise in gold prices reflects the market's intense focus on Fed policy. The market widely expects a rate cut in September, with a 77.5% chance of a 25 basis point cut and a 22.5% chance of a 50 basis point cut, which supports gold prices. This week's focus is on the Fed's policy minutes and Powell's speech at the Jackson Hole Symposium, which will provide crucial insights into future monetary policy and influence gold's direction.
Despite gold hitting new highs, several Asian banks have received new gold import quotas from central banks, indicating increased demand for safe-haven assets. The stalemate in negotiations between Israel and Hamas, along with Israel's attacks on Hezbollah in Lebanon, has escalated tensions in the Middle East, further boosting demand for gold.
Gold Market Technicals:
Gold has reached a new all-time high today, with no resistance above. As long as bullish momentum outweighs bearish pressure and there are no significant news events, prices are likely to continue rising. On the downside, focus on support near previous highs and the 2500 level.
Trading Strategy:
Based on the above analysis, maintain a bullish outlook today. Continue to approach high-level trading with caution, waiting for pullbacks to buy within the lower support range rather than chasing the rally.
Support Range: 2500-2508, 2460-2475
Resistance Range: No resistance at historical highs
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
#XAUConfirming the peak at 2531, adjustment or further increase?Gold analysis on August 21, 2024:
After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still expected.
The trading trend today remains SELL.
Key price areas to note:
SELL zone: 2520 - 2525 and 2529 - 2533;
BUY zone: 2502 - 2507 and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2521 - 2523
SL 2526
TP 2518 - 2510 - 2500 - 2490.
Plan 2: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2490 - 2480.
Plan 3: BUY XAUUSD zone 2490 - 2492
SL 2486
TP 2495 - 2500 - 2510 - 2520.