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XAUUSD 9/25/2024 gold price continues to increase? Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699. After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets - This adjustment will be very large and long to facilitate intraday trading I will choose target zones with a lot of demand so we can catch the recovery waves in this adjustment. - We have 2 target price zones with high demand concentration, which are the 2565 - 2562 zone and the 2594 - 2591 zone. These are the 2 target zones we choose to BUY up. Trading plan SELL ZONE: 2696 - 2699 SL: 2706 TP1: 2682 TP2: 2665 TP3: 2655 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2641 Tp2: 2655 TP3: 2670 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2614 TP2: 2625 TP3: 2641
OANDA:XAUUSDShort
by DEEKOP
Gold is just one step away, the Sell opportunity is comingIn today's Asian session, gold rose in the short term, and the historical high was refreshed again, reaching 2640. Driven by the Fed's expectations of a rate cut in November and the decline in US Treasury yields, the price of gold hit a new record high. The growing tension between Israel and Hezbollah has increased the appeal of safe havens, which may further boost demand for gold. From the 4-hour chart, we can see that referring to the rule that the price of gold rises by $50-60 each time, the price of gold is likely to have room for an increase of $10. This is almost the last short-term rise in gold. The high point of this time is likely to be around the range of 2640-2650. Trading strategy: Now chasing the rise, there is not much room above, and there is a risk of an imminent correction, so I don't recommend it. Go short now, because there may be more than ten dollars of room for growth above, and now is not a good selling position, so we can wait until the 2640-2650 range to sell, preferably at 2650. I personally did not close the sell order I held last week. If the gold price reaches 2650, I will continue to increase my position and pull the average price to 2615-2620
TVC:GOLDShort
by AntonyTP
XAU/USD 24 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish. Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile. From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line. Since previous analysis price has continued bullish, as a result, CHoCH positioning has been brought closer to recent price action. Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback by printing bearish CHoCH, therefore, I will be standing by. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. *CORRECTION* - I overlooked yesterday's analysis stating internal was bearish when it was in fact 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 positioned at the extreme of the strong internal low of internal 50% EQ and M15 demand zone. Currently strong internal low is holding. Intraday expectation: Technically price should target weak internal high. Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: 24/9 Today’s Market Analysis and StrategyGold technical analysis Daily resistance 2650, support 2584. Four-hour resistance 2650, support 2620-2600 Gold operation suggestions: Yesterday, the technical side of gold stabilized above 2613 and continued to fluctuate and consolidate with bulls. The bulls in the US market rushed to break through the 2634 mark and then fell back and fluctuated. Finally, it closed near the 2625 mark. The overall price maintained a high and strong consolidation. Although the increase was not large, the short-term bullish thinking was still the main focus. From the current market trend, today's support below is around 2620-2610, and the upper pressure continues to focus on 2645. Wait patiently for the key points to enter the market. BUY:2618near BUY:2604near Technical analysis only provides trading direction!
TVC:GOLDLong
by ActuaryJ
XAUUSD 9/24/2024 price increase continues? Looking at H1 we see wave 5 is completing - The target position of the end of wave 5 we have 2 target zones, the first zone is 2645 - 2648 and the second target zone is 2597 - 2700. For now we will choose the first target zone which is 2645 - 2648 as the target zone to SELL down - Below after the end of wave 5 we will have a correction according to 3 ABC waves. - We have the target zone of this correction at the price zone 2594 - 2591 and the second target zone at the price zone 2565 - 2562 we will choose these 2 target zones to BUY Trading plan SELL ZONE: 2645 - 2648 SL: 2655 TP1: 2625 TP2: 2606 TP3: 2593 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2606 TP2: 2616 TP3: 2645 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2570 TP2: 2589 TP3: 2603
OANDA:XAUUSDLong
by DEEKOP
Tuesday Market Analysis and SignalsIn the Asian market on Tuesday, gold fluctuated in a narrow range at high levels and is currently trading around $2,628 per ounce. Gold hit an all-time high of 2,634 during trading on Monday, up about 0.24%. The bullish market sentiment after the Fed's interest rate cut last week and geopolitical tensions pushed up the London gold price, but the US dollar index stabilized and rebounded. Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end", and investors need to beware of the risk of a short-term correction in gold prices. If the employment rate drops sharply, the market will believe that the Fed may be more active in cutting interest rates, which is very beneficial to gold prices. In addition, regional instability in the Middle East may further push gold prices higher. The growing tensions between Israel and Hezbollah have enhanced the appeal of safe havens, which may further boost demand for gold. As a traditional hedging tool for geopolitical and economic uncertainties, gold will have its best year in 14 years. There are relatively few economic data on this trading day. Investors will pay attention to the Reserve Bank of Australia's interest rate decision, the US Conference Board Consumer Confidence Index in September, speeches by Fed officials, and news related to the geopolitical situation. Yesterday, the historical high of 2634 was reached again, showing a continuous breakthrough of the bullish pattern. The MA7/10-day moving average and the 5-day moving average have moved up to 2605/2582, of which the 5-day moving average is above the 2600 mark, and the RSI indicator is close to the high value of 80. The upper rail resistance of the Bollinger Band channel is obvious. In the short term, the gold price faces certain suppression and technical indicator repair. The overall gold bull trend structure is intact. The small cycle indicator is overbought and the indicator needs further cycle repair. Look at the 2615/2635 range first, buy low and sell high. Trading strategy: 2613-2615 long, stop loss 2604, target 2635-2645; 2635-2638 short, stop loss 2647, target 2610-2600;
OANDA:XAUUSDLong
by Jun-goldFX
World gold prices continue to increase, reaching new ATH💵 XAUUSD 💵 ➡️GOLD yesterday continued to increase above 263x then decreased again and reacted around the 262x area from last night to the present. Today I will continue to watch Sell Gold Over 3x according to RSI's reaction. Buy on large frames and reaction patterns Resistance and Support above. ➡️ Everyone, please refer to the Plan for Today 💵Sell Gold 2631-2634 ❌SL 2637 ✔️TP 2624>261x ⚠️If Buy Today I will wait below 261x. ----- Forecast Gold continues to benefit from the Fed continuing to cut interest rates twice before Christmas; Unstable geopolitics, inflation... In addition to the Fed, central bank meetings in Switzerland and Sweden are expected to cut interest rates this week, when most global central banks will begin their easing cycle. liquid parallel to the Fed. Investors are now waiting for signals from the Fed and the US economy will report this week as a series of Fed members, most notably Chairman Jerome Powell, will speak in the coming days. PCE price index data - the Fed's favored inflation measure - will also be released on Friday and will likely influence the central bank's plans to cut interest rates further./.
OANDA:XAUUSDLong
by TheLeader_WOLF
XAUUSD:23/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2650, support 2550 Four-hour resistance 2650, support 2613-2604 Gold operation suggestions: The rise is boosted by the bets of further interest rate cuts in the United States and the intensification of tensions in the Middle East. Gold prices have risen by 27% so far in 2024, which is set to hit the largest annual increase since 2010. The market seeks to hedge the uncertainty caused by long-term conflicts in the Middle East and other regions. At present, the overall gold price has stood above the 2600 mark and entered a very strong unilateral pattern of bulls. Judging from the current market trend, gold is fluctuating at the 2630 level, and the bulls are in a slow bull market. Today we continue to see new highs above, and pay attention to the 2613-2604 support line below. The operation is still mainly based on retracement and long positions. Before the daily level falls below this position, the low-multiple rhythm remains unchanged. BUY:2611~2613 SL:2604 SELL:2649~2651 SL:2655 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
2
XAUUSD:Bearish intraday Last Friday, gold made a strong breakout above resistance, stabilizing above 2600. Today’s opening continues to show slight consolidation at high levels. From a technical perspective, the short-term outlook is bearish, indicating that at least one retest of the 2600 support is needed to determine if there is further upward momentum. In my personal view, a deeper pullback is more likely. By early October, there’s a high probability of a return to the 2550 level. Thus, my mid-term strategy will focus on short positions. For intraday trading, the key focus will be on the 2600 support area—if it holds, a long position around that level could be considered.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD: Analysis and Strategy for Today 19/9Gold technical analysis Daily resistance 2600, support below 2500 Four-hour resistance 2600, support below 2566-2530 Gold operation suggestions: Yesterday, the Federal Reserve unexpectedly cut interest rates by 50 basis points and ushered in a high-level breakthrough of the 2600 mark, which was suppressed and fell back, and then fell and bottomed out. The overall price was blocked at the 2600 mark. Today, the decline was recovered but it did not break through 2600. Gold has generated periodic pressure above, and it may also form a large correction. From the current trend of gold, the upper pressure of the daily four-hour level is at the 2600 integer mark, and the lower support of the daily line is 2500, near 2530 for four hours, and near 2566 for the hourly level. Today, the NY market operation strategy is to buy on dips, and observe whether 2600 can stand firm above. BUY:2566near SL:2561 BUY:2530near SL:2526 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
OANDA:XAUUSDLong
by ActuaryJ
XAU/USD 23 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish. Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile. From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line. Since previous analysis price has continued bullish, as a result, CHoCH positioning has been brought closer to recent price action. Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback, therefore, I will be standing by. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a double bullish iBOS since last analysis. Internal range is now established since price has printed a bearish CHoCH indicating bearing pullback phase initiation. Intraday expectation: Price to continue bearish and react at either discount of internal 50% EQ of M15 demand zone before targeting weak internal high. Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Monday Market Analysis and SignalsGold fluctuated in a narrow range near its historical high in the Asian market on Monday, and is currently trading around 2628. Gold prices broke through the $2,600 mark for the first time last Friday, and once refreshed the historical high to 2625, continuing the rally boosted by further US interest rate cuts and increased tensions in the Middle East. The Federal Reserve cut interest rates by 50 basis points last Wednesday, launching an easing cycle, which has added vitality to the latest rise in gold prices. Gold prices have risen 27% so far in 2024, and are set to hit the largest annual increase since 2010, as investors seek to hedge against uncertainties caused by long-term conflicts in the Middle East and other regions. Investors need to continue to pay attention to changes in market expectations for future Fed rate cuts and news related to the geopolitical situation. This week, the US PCE data for August will also be released, which is the inflation data that the Federal Reserve focuses on monitoring. The manufacturing PMI data for September in the United States and other Western countries will be released on this trading day. In addition, several Federal Reserve officials will give speeches, which investors need to pay close attention to. There is no major change in the technical aspect, and the strong bullish trend is still maintained. The daily MA10/7-day moving average is upward, moving up to 2571/2588, the price is running on the upper track of the Bollinger Band, and the RSI indicator is at a high of 70. The short-term four-hour chart shows that the price continues to run in a trend, and the moving average opens upward and increases in volume. The RSI indicator needs to pay attention to coming above the value of 70 again. Generally, it is considered overbought when it reaches above the value of 80. Technically, gold continues to run in a trend structure, and the layout is mainly low and long. The historical high is unknown. Trading strategy: 2608-2610 long, stop loss 2600, target 2630-2640; 2635-2637 short, stop loss 2646, target 2610-2600;
OANDA:XAUUSDLong
by Jun-goldFX
XAU/USD 23-27 September 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all time highs and surge with no indication of bearish pullback phase initiation. The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line. I have previously mentioned, for over one month, that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed. CHoCH positioning has been brought significantly closer to price. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price had printed a bullish iBOS and continued it's surge in price. After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of bearish pullback. First indication, but not confirmation of pullback is for price to print a bearish CHoCH. Since last week's analysis, CHoCH positioning has been brought significantly closer to price which allows for more realistic expectation of pullback indication. Bearish CHoCH positioning is denoted with a blue doted line. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish. Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile. From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback, therefore, I will be standing by. H4 Analysis:
OANDA:XAUUSD
by Khan_YIK
GBPUSD week 39 analysisFundamental Analysis The Bank of England (BoE) announced on Thursday that it kept its policy interest rates unchanged following its September meeting, as expected. In a hawkish surprise, only one policymaker voted in favor of a 25 basis point rate cut. Speaking later in the day, BoE Governor Andrew Bailey said he was optimistic that UK interest rates would fall but added that they needed to see more evidence of remaining inflationary pressures waning. Although GBP/USD fell slightly following the BoE’s announcement, it closed in positive territory on Friday. Fresh selling pressure around the US Dollar (USD) and upbeat UK data helped GBP/USD edge higher early Friday. Investors may overlook overbought conditions and allow the pair to move higher if risk-on flows continue to dominate financial markets heading into the weekend. Technical Analysis GBPUSD is rising at a two-year high around 1.332. The bullish momentum is likely to continue next week towards the resistance level of 1.342. The support zone of 1.327 forms a narrow price range where the pair will trade next week. When these two bands break, the levels to watch are 1.349 and 1.322. In terms of scenario, there is a high probability of a slight pullback to the support zone and the continuation of the uptrend in line with the main market trend. Trading Signals SELL GBPUSD zone 1.341-1.343 Stoploss 1.345 BUY GBPUSD zone 1.324-1.322 Stoploss 1.320
by TVS-Trader