XAUUSD H4 - Sell SignalXAUUSD H4
Here is an update on Gold. We are approaching this $2,640/oz support price, and interim trading support zone indicated on the H4 and H1 timeframe. If we are able to break this convincingly, we should see price trade closer towards that $2,624/oz price in the near term.
However, we may well see price bounce from this zone as indicated before gearing up for shorts. The preferred play here is to sell from $2,670/oz and buy from $2,625/oz. Simply buying from the lowest area of support, and selling from highest area of resistance.
Xauusdsignals
GOLD (XAUUSD): Important Support & Resistance Levels
Here is my latest structure analysis
and support & resistance levels on Gold for next week.
Vertical Structures
Vertical Support 1: Rising trend line
Vertical Support 2: Rising trend line
Horizontal Structures
Resistance 1: 2685 - 2700 area
Support 1: 2624 - 2633 area
Support 2: 2587 - 2601 area
Support 3: 2525 - 2560 area
Consider these structures for pullback/breakout trading.
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XAUUSD 15M BUY PROJECTION 04.10.24Reason for Gold Bullish
It is known to be a “safe-haven” asset, it is expected to increase its value in times of volatility and economic uncertainty. The XAU/USD pair tells the trader how many US Dollar (the quote currency) are needed to purchase one Gold Ounce (the base currency).
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.
XAUUSD / UNDER TENSTION IN THE MIDDLE EAST - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
The conflict between Iran and Israel has caused a rise in gold prices by 1.80%. Gold, often seen as a safe haven asset, tends to rise in response to global instability.
Prices are currently attempting to reach $2,637 and $2,614.
The all-time high (ATH) price is mentioned as $2,686, with a supply zone extending to $2,720. The text suggests that if prices break above this ATH, they might enter a new supply zone between $2,700 and $2,720.
If gold fails to stay above the supply zone between $2,686 and $2,675 , a decline is expected, possibly reaching the demand zone of $2,637 and $2,614. If prices stabilize below these levels, further declines are predicted.
Despite short-term fluctuations and potential declines
the overall sentiment is bullish, indicating that gold prices are under upward pressure in the long term.
Supply Zone : 2,675$ and 2,686$.
Demand Zone : 2,637$ and 2,624$.
Accumulation Zone : 2,527$ and 2,474$.
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!
XAUUSD Gold Technical Analysis and Trade Idea👀 👉 XAUUSD (Gold) is currently retracing into a potential buy zone. In the video we discuss what to look for and how to get involved when the next opportunity presents itself. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we wanted to short from the 2630-35 region into the lower levels, which worked but we only managed to get 2613 when we wanted 2610. Ideally, we wanted lower to then access the price action and look for the long, however, that long came early and we managed to capture the move both down and then up completing our bias target levels plus the extra pip capture into the highs to end the week.
A great week not only on gold but we completed 32 targets giving our traders a phenomenal pip capture across the markets. Nice, easy, clean trading!
So, what can we expect in the week ahead?
We've had some more geopolitical news over the weekend so there is a chance that we will see some opening gaps on the markets. We also have NFP this week, so towards the end of the week can expect the usual pre-event price action and ranging to form.
Now, due to us expecting these potential gaps, best practice is to let Monday early session do what it needs to do, instead plot the levels and look for the RIPs to capture the scalps, ideally on the red boxes.
We have the immediate levels above at 2665/7 resistance, which is a crucial level price needs to reject to continue the move downside! For that reason, we are giving a bias level of bearish below 2670 provisionally with an extension of the move into 2675 which is the flip. If we attack these levels, and get the reaction we need, we feel these levels will represent opportunities to short into the lower levels 2650-55 and below that 2630-35.
If broken above, we get that flip and we’ll be looking to target that 2701 level and above that we have 2707, which is where we may get further opportunities to attempt the short again.
Important: There is an extension of this downside move, and it’s below our bias level bullish above 2630-35. Oddly enough, we also have an Excalibur target sitting down there active! We will want to see how the market opens and what they do in the early session before we make up our minds on that move. NFP could through a spanner in the works for traders!
For now, we’ll stick with the above and as usual we’ll update traders through the week.
Look out for KOG’s bias of the day, KOG’s red boxes and the indicator levels which are published for the wider community.
KOG’s Bias for the week:
Bearish below 2670 with targets below 2650 and below that 2635
Bullish on break of 2675 with target above 2685 and above that 2701
RED BOXES:
2665 break above for 2672 / 2685 / 2701 / 2707
2650 break below for 2635 / 2624 / 2620
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
XAUUSD Top of Channel Up. Small correction possible.Gold (XAUUSD) has reached the top (Higher Highs trend-line) of the 2-month Channel Up. The trend also shows a top on the Sine Waves sequence and the 1D MACD a potential Bearish Cross. This has been the most consistent sell signal in the past 4 months.
As a result, we turn bearish on Gold short-term, targeting a new Higher Low at the bottom of the Channel Up, a little over the 0.382 Fibonacci retracement level as the September 03 Low. Our Target is 2615.
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GOLD (XAUUSD): Important Support & Resistance Levels
Here is my latest structure analysis and important
vertical and horizontal supports and resistances to pay close
attention to on Gold next week.
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
XAUUSD | GOLDSPOT | New perspective | follow-up detailThe Federal Reserve delivered a surprise 50 basis point rate cut, sending gold prices skyrocketing past $2,600! 🤯 This larger-than-expected cut underscores the Fed's commitment to maintaining low unemployment as inflation continues to ease. 📉
🚨 Gold prices surged past $2,600, reaching all-time highs as speculation grows that the Fed will keep lowering borrowing costs. Along with rising geopolitical tensions in the Middle East, global central banks are now expected to follow the Fed's path of easing monetary policy and slashing interest rates. 🌍
The Fed’s December 2024 fund rate futures suggest another significant drop, with 53 basis points expected across the final two meetings this year. Markets are now pricing in a 25 bps cut in both November and December.
📅 What’s Next? Looking ahead to next week, key Fed figures like Atlanta Fed’s Raphael Bostic, Chicago’s Austan Goolsbee, and Minnesota’s Neel Kashkari will take center stage. Important data releases, including S&P Global Flash PMIs, housing data, and the Fed’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, will also play a vital role in shaping the XAU/USD outlook.
🔍 In this video, we analyze the technical structure of the gold chart and key fundamental factors to prepare for next week's trading.
XAUUSD Technical Overview:
This week, we're focusing on the $2,590 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!
#GoldPrices #XAUUSD #FederalReserve #InterestRates #JeromePowell #RateCuts #MiddleEastTensions #GoldTechnicalAnalysis #FOMC #MarketAnalysis #Inflation #GoldTrading #ForexTrading📺🔔💼
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.
GOLD (XAUUSD): Support and Resistance Analysis
Here is my latest structure analysis and important
support and resistance levels to pay close attention to on Gold.
Vertical Structures
Vertical Support 1: Rising Trend Line
Vertical Support 2: Rising Trend Line
Horizontal Structures
Resistance 1: 2648 - 2655 area
Resistance 2: 2673 - 2680 area
Resistance 3: 2692 - 2700 area
Support 1: 2586 - 2601 area
Support 2: 2525 - 2560 area
Consider these structures for pullback/breakout trading.
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Gold Surges Above 2600—Prepare for a Potential Reversal
After enjoying a pleasant weekend, we’re back to the action-packed market. Gold unexpectedly broke through 2600, reaching a high of 2631 today. Unfortunately, our short positions from Friday were caught in a trap.
However, there's no need to worry—trust me, a significant drop is inevitable, and it might be more dramatic than we anticipate.
Currently, the 15-minute chart indicates a potential for a small rebound, while the 2-hour chart signals bearish momentum. Based on this setup, it's likely that a head and shoulders pattern could form. Our strategy should be to increase our short positions above 2620 and patiently wait for the decline to unfold.
SILVER (XAGUSD): Pullback From Resistance Confirmed
Silver looks quite bearish on a 4H time frame
after a test of a key daily resistance.
The price violated a support line of a symmetrical triangle formation
and closed below that.
The price may drop lower.
Next support - 30.1
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XAUUSD There is no stopping it. Can breach $3000 by mid 2025.It was only a little over a month ago (August 05, see chart below) when we signaled a strong buy on Gold (XAUUSD), targeting at 3100:
Practically, we've been calling for Gold's new Bull Cycle since April 04 (see chart below):
As you can see the price action followed our projection closely and immediately broke higher making a new All Time High. According to the 2019 - 2020 Bull Phase, we are in the middle of the Cycle, assuming both fractals are similar in % rise terms (+85.42%) or the 3.0 Fibonacci extension.
Even if they don't, it is pretty clear that the long-term pattern is an 8-year Channel Up and most likely shouldn't top before the 1M CCI starts making Lower Highs. So far we have priced the first High (April 2024) and according to the 2020 fractal, the second should be at the end of the Bull Phase when the trend tops.
If that's not at 3100 by that time, we encourage you to take the long-term profit earlier like us. Also, this chart shows that since 2015, October isn't generally a bad month to buy at all, having failed as an entry only 2 times in 10 years.
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GOLD (XAUUSD): 2 Important Vertical Resistances
Gold updated the all-time high again this week.
Here are the next potentially strong vertical resistances
to pay close attention on.
Both trend lines are based on a historical price action
and proved its significance by multiple strong bearish reactions to that.
With a high probability, a bearish reaction will follow from
these trend lines in future.
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Gold Roadmap!!!After the announcement of the US Federal Funds Rate (The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%.), Gold started to rise again after the bear trap from the Support zone($2,574-$2,560) .
Gold is currently moving near the Potential Reversal Zone(PRZ) and Resistance lines .
According to Elliott wave theory , Gold is completing microwave 5 of main wave 5 , which can be completed in the Potential Reversal Zone(PRZ) .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Gold to start falling from the Potential Reversal Zone(PRZ) , and the first target would be to break the Uptrend line and the Support zone($2,574-$2,560) .
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.
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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. 📊✅
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: 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.
XAUUSD Approaching the cyclical top. Be ready to sell.A little more than 2 months ago (July 08, see chart below) we signaled a strong buy on Gold (XAUUSD) as the start of the new Bullish Leg of the 2-year Channel Up was confirmed, and we set a long-term Target at 2600:
Now that the Target is about to get hit, we prepare for a new long-term peak at the top (Higher Highs trend-line) of the Channel Up. The previous rallies/ Bullish Legs of the pattern rose by a minimum of +15.74% and maximum of +24.12%. The latter rally however started very close to the bottom of the Channel Up, so we believe that the new top will be priced within a +15.74% and + 18.60% (second lowest) range.
This gives us a Bearish Range of 2635 - 2700, where the action is a Sell, certainly not the level to place any long-term buys. We will start considering this after the price approaches the 1D MA100 (red trend-line) again, which is a signal that only failed once in four times.
This time the top formation may be prolonged until November's U.S. elections but the bottom line is that near the top of the Channel Up, the action is to sell/ take profit.
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GOLD (XAUUSD): The Next Strong Resistance Ahead
A sudden violation of the all time high
triggered a strong bullish rally on Gold last week.
Here is the next potentially strong resistance that I see:
it is based on a major rising trend line and 2600 psychological level.
With a high probability, we will see a retracement from that area.
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