Gold, is rally over?Gold Market Analysis:
Gold has been in a strong rally since the beginning of the year, with only one minor negative month interrupting an otherwise consistent upward trend. Over the past year, the rally has been quite aggressive, but given the current market conditions, I would refrain from considering long-term positions at this point. Instead, short-term scalping or intraday trades seem to offer better opportunities for this instrument.
Technical Outlook:
From a technical perspective, XAU/USD appears to be in a range-bound market. Recently, we’ve seen a deviation from the bottom of this range, and the price has moved into a 1-hour Fair Value Gap (FVG). If there’s no significant reaction within this area, the next target will likely be the 4-hour Order Block (OB).
At that point, it will be crucial to monitor the market’s reaction. If the price breaks above the 4-hour OB, we could see gold rally towards the top of the range. However, I’d be anticipating a potential reversal at that level if the price is rejected by the OB. Should the price dip below the 2652 level, the market could experience a continued downward trajectory, signaling a deeper correction.
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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.
Gold to push up further? And what to expect next!We could be looking at Gold exceeding $2700 this week!!!
With no sign that gold wants to slow down and continual parabolic movement to the upside I have laid out two clear scenarios of what price could do this week.
Scenario A:
We have seen a clear Choch and Bos to the downside on the 1H leaving us with a nice 18h supply to the upside which price will push up to in order to completely fill the 4H IMB to the downside and possibly continue further in order to take more liquidity before reacting from a zone that follows price structure like the 3H demand or further down where we can see a 14h demand.
Scenario B:
Price has already tapped into the 1H demand and shown a LTF Choch which gives a possibility of price reacting from the LTF 10min zone to simply continue pushing up what we already see as a strong bullish move. Further confluence to support this move is the EQH at the top of the 18H supply which is a strong indication that price will not respect this zone.
What we are seeing here are both likely possibilities. the question remains is golds upwards push exhausted or does it need to grab liquidity in order to continue this upwards push?
what we do now is gold continues to surprise us all and possibilities are endless....
Gold OutlookAs gold was bullish all the week and we are also bullish for gold all the week but today it has shown us bearish move today we are still bullish but as due to fundamentals gold broke its support level to the downwards and seems and also has retested the same if gold sustains the downwards move after price action candle 🕯️ we will be bearish to 2630 level of support and then we are Bullish after taking support over 2630 as i am saying in all my anylisis that gold is bullish over Monthly to Weekly to Daily to H4 to H1 TF so we are bullish will be bullish over next week too hope for the good 👍😊
Can Bulls Muster the Strength for Another Rally?In yesterday’s video, I mentioned a high probability of Gold reaching a new all-time high (ATH) before undergoing a significant correction. As anticipated, the price pushed higher, with the new ATH now standing at 2685.
After hitting this high, the price experienced a quick drop, but bulls held strong around the 2650 support zone.
Since then, the price has rebounded to 2670 and has entered a phase of consolidation.
This consolidation is forming a symmetrical triangle, which often signals a continuation of the prevailing trend.
Considering today is Friday, and with the end of the month approaching, a push to test levels above 2700 is possible.
That said, it’s important to remember the saying: “Trade what you see, not what you think.” What we currently see is solid support at 2650.
As long as this support holds, the trend remains strongly bullish, making it risky to attempt to predict a market top.
Short-term traders could search to buy dips against 2650.
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.
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.
XAU/USD 27 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge printing all time highs with price pulling back very minimally.
Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range.
You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish.
Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic is price printed a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Intraday expectation was met with price printing bullish iBOS.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not be unexpected if price prints a bearish iBOS.
M15 Chart:
Holding Strong: Why It's Time to Bet on Gold's Decline
There isn't much to add—I'm currently stuck in a short position on gold, but I remain convinced that a downturn is imminent. The 4-hour chart shows a clear bearish divergence, and I don’t believe it will break through the $2700 mark easily. As a result, I’m consistently increasing my short positions, waiting for the profit window to open.
Trust me, buying in at this level is as foolish as selling below $2610.
If you're holding short positions, stay firm. If you're holding long, it might be time to take profits. Greed rarely rewards anyone in the long run in the markets.
XAUUSD: Are We Heading Towards $2700?Dear Traders,
XAU touched $2400 region and then left a strong wick, the fundamental site has strong support for the gold to continue the bullish move due to the current war like scenario happening in the world. However we can enter a buy entry at our target area and target 500 pips at least from the entry. Good luck
XAUUSD: +400 PIPS Intraday Opportunity! Dear Traders
Gold has created a record higher high after touching 2670, price has made a minor correction after that, however, in our opinion it was a small correction due to liquidity emerged as the London Session opened. We think from current trending price we can see a clean move towards 2700$. Good luck.
Consolidation could lead to new ATH. Still wanted to sell thoughGold remains in consolidation, and a new all-time high could be on the horizon.
However, I still anticipate a significant correction.
For now, I'm staying out of the market, looking for opportunities to fade the current move, with the expectation of at least a 500-pip target.
Rate Cut Expectations Boost Gold TO 2700$ NEW ATHHELLO TRADERS!
As I can see market participants now see a nearly 50% chance of a 50-basis-point rate cut, up from 14% earlier in the week. Comments from former Fed officials and the market’s appetite for deeper cuts have intensified speculation that the Fed may take more aggressive action. This has fueled gold’s rally, with lower rates generally increasing the appeal of non-yielding assets like gold.
U.S. Dollar and Bond Yields Support Gold’s Rise
Despite the rally in gold, the U.S. Dollar Index gained slightly this week, closing at 101.114 with a 0.07% increase. However, the expectation of future rate cuts tempered the dollar’s momentum, keeping gold prices strong. Additionally, bond yields fell, with the 10-year Treasury dropping 2.1 basis points. As bond yields decline, the opportunity cost of holding gold diminishes, bolstering its attractiveness as a safe-haven asset.
Global Monetary Easing and Central Bank Demand Drive Gold Higher
The European Central Bank (ECB) also cut interest rates this week, contributing to global monetary easing and reinforcing gold’s strong uptrend. Central banks, particularly in emerging markets, have been increasing their gold reserves, further supporting prices. With the Fed likely to follow suit, the demand for gold is expected to remain robust in the short term.
Next Week’s Forecast: Fed Meeting in Focus
Looking ahead, all eyes are on the Federal Reserve’s policy meeting scheduled for next Tuesday and Wednesday. The market widely expects a rate cut, marking the Fed’s first reduction since 2020. While the consensus is for a 25-basis-point cut, there remains a significant 49% chance of a larger 50-basis-point reduction. A larger cut would likely drive gold prices higher, potentially pushing them towards $2,600 per ounce.
Moreover, the Fed will provide updated projections on future rate cuts, which could signal further monetary easing through 2024. The Fed’s success in bringing inflation near its 2% target while avoiding a severe recession will be pivotal in determining its next moves. If inflation continues to moderate and the labor market weakens, additional cuts could be on the horizon, further supporting gold’s bullish outlook. technically chart is also crystal clear its just a trade idea
Dear traders Support the idea it will help many other traders and share ur thoughts with us in comment Stay Tuned for more updates ....
Strong breakthrough, 2700 may be reached at any timeDaily resistance 2700, support below 2650
Four-hour resistance 2700, support below 2650
In the face of the trend, any counter-trend force will be disintegrated. As retail investors, the only thing we have to do is to follow the trend. We can't change anything, we can only change ourselves, and we can only survive in the market by improving our trading awareness and ability. Short sellers are wailing, and long sellers are making money all the way. Now gold is bullish, keep going long with the trend, don't go against the market, don't think about guessing the top, followers must be happy all the way, guessing the top and shorting all the way will only be stopped continuously, or even blow up.
In terms of intraday operations, the idea is still very clear, "bullish", "long", participate in the trend, do not be afraid of heights and do not guess the top. I said not to be afraid of heights but how many people remember it? As long as there is a stop loss, there is no need to be afraid of heights. Let me emphasize again, and fear of heights is not a reason to short against the trend. The intraday support is at the 2650 mark, and the low point of last night's decline was also near this. This is the defensive position of the intraday bulls. The entry position is inferred from the stop loss position. As long as the stop loss can be placed around 2650, it is perfect. You may as well be bold and actively follow the trend. Now it has broken through the historical high. Today's low near 2655 has become our defensive position for BUY. Just BUY on the trend.
Wait patiently for the opportunity to go long. Now it has broken through strongly and 2700 may be reached at any time.
XAUUSD: 25/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2650-12
Four-hour resistance 2700, support below 2650-20
Gold operation suggestions: Yesterday, gold technically retreated around the 2620 mark twice and then stabilized and rebounded. After the US market, it accelerated and broke through and stood above the 2640 mark, and continued to strengthen to above 2650 and reached 2664. The overall gold price continued to maintain a strong unilateral upward rhythm around the 5-day moving average support. Gold has new breakthroughs every day and continues to create historical highs. According to the current trend, 2700 is just a recent thing.
Today's support below is short-term focus on the 2650-48 area. If it falls back during the day, it will continue to be bullish and follow the trend. The upper target is still concerned about breaking the high. The short-term bullish strong dividing line moves up to the 2630 mark. The daily level stabilizes above this position and continues to follow the trend of low-price longs. Be cautious when shorting against the trend. I will prompt the specific operation strategy in the VIP signal.
BUY:2657near
BUY:2650near
BUY:2640near
Technical analysis only provides trading direction!
Gold's Aggressive Rally. Still looking for correction thoughWith Gold making new all-time highs every day since Friday and no resistance levels in sight, it's challenging to time and find an entry point for a short trade.
Although my short position from yesterday hit the stop-loss, my view remains the same: Gold should correct by at least 500 pips.
Technically, since the low last Thursday, Gold has surged by 1,200 pips, with this move contained within a very aggressive uptrend channel, which is often a sign of a final leg in a rally.
Currently, the price is testing the median support, but more confirmation is needed before entering a short position.
This could happen with a daily close below 2630 or if there's a failed attempt to reach a new ATH during the day.
In conclusion, while I remain bullish in the medium term, at this moment, I am focused on identifying a strong entry point for a short trade, expecting a 500 pips correction.
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.
XAUUSD: What Should You Do If Your Short Position Is Trapped?
Recently, I've maintained a short position in gold, admittedly missing out on the recent upward momentum. However, at the current levels, I have no intention of chasing the rally. Instead, I will continue to hold my bearish outlook, waiting for a pullback to the 2580-2550 zone.
Chasing the price at this stage poses unnecessary risks, as technical indicators suggest the potential for a retracement. The focus remains on capturing profits as the price corrects, reaffirming my commitment to the short strategy.
XAU/USD 25 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
Price has printed a bearish CHoCH, we therefore have established an internal range.
Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS.
Price is now contained within an internal range and is in discount of internal 50% EQ.
Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone.
Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS.
M15 Chart: