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XAU/USD 11 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. On Tuesday 20 August 2024 price printed all time high. Thursday 22 August 2024 price printed a bearish CHoCH which indicated bearish pullback phase initiation. Printing of bearish CHoCH has also confirmed internal range. Thus far, over a period of 12-days, price has been unable break weak internal high which is an indicator that price may seek further liquidity before attempting to target weak internal high again. I would expect price to either react at discount of internal 50% EQ or Daily demand zone before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge. Nonetheless, I will continue with systematic rules of analysis. Technically price should target weak internal low, therefore, my bias will remain unchanged until M15 candle break and close above swing high. Price is currently reacting at an M15 supply zone. Intraday expectation: Price is close to extreme premium of internal 50% EQ. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong swing high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 11/9/2024 Is the uptrend over? Looking at H1 we see that we are currently expecting a purple abc wave structure to complete - With the target of wave C I identified at the 2525 - 2528 area, this is also our sell target price area - After the end of the abc correction wave I expect a 5-wave pattern in a downtrend to complete the larger orange correction wave 2. - At that time, I measured the end target of wave 2 orange at the price zone 2477 - 2474, which is also our BUY target - There is another case where wave 2 orange has completed at the price zone 2484, when the current trend will be a 5-wave uptrend structure and currently wave 1 in the new trend has a target of 2525 - 2528, then we will wait for the downtrend correction wave 2 to complete at the target of 2501 - 2498 and this is also our BUY target - I have listed all the possible plans for the current situation and now is today's trading plan SELL ZONE: 2525 - 2528 SL: 2535 TP1: 2520 TP2: 2508 TP3: 2500 BUY ZONE: 2501 - 2498 SL: 2491 TP1: 2508 TP2: 2520 TP3: 2529 BUY ZONE: 2477- 2474 SL: 2467 TP1: 2487 TP2: 2494 TP3: 2500
OANDA:XAUUSDShort
by DEEKOP
XAU/USD Outlook: Short-Term Bullish but Downside Risks LoomAs previously explained, I believe XAU/USD is poised for a significant decline, and I indicated my sell zone between 2505 and 2510. However, after the initial drop from this zone, Gold found strong support at the 2500 level, which led me to close my sell position. Looking ahead, at this moment, the price seems well-bid and is steadily rising within a channel. Channels often signify the final leg of a move before a reversal, but confirmation is needed. This confirmation would come from a drop below the established inflection zone around 2505 level. If this happens, the 2475 zone will likely be exposed again, with a potential move further down to 2440. Until then, in the short term, the price outlook remains bullish. Short-term traders may look to buy on dips, anticipating a potential new all-time high following today's inflation data release.
OANDA:XAUUSD
by Mihai_Iacob
7
Gold Short – Targeting Downside After Resistance Rejection Gold (XAU/USD) is currently facing resistance around the 2,518 area, where it has shown signs of rejection. This presents a potential short opportunity, aiming to capture downside movement as the price pulls back from this level. Technical Analysis: • Resistance Rejection: The price has tested and rejected the resistance level, indicating a potential reversal or pullback. • Downside Target: The initial target for this short setup is around the 2,500 level, where support may come into play. • Risk Management: Place a stop-loss above the recent high around 2,520 to protect against any further bullish breakout. Market Sentiment: • Bearish Bias: The rejection at resistance suggests that sellers are stepping in, increasing the likelihood of a downward move. • Key Levels: Watch for any break below 2,510, which could accelerate the move towards the target zone. This trade setup leverages the current rejection at resistance, aiming to capitalize on a potential pullback. As always, manage risk carefully and be prepared to adjust the strategy based on how the market evolves. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
Tuesday Market Analysis and SignalsGold fluctuated in a narrow range on Tuesday, and the current price is around 2,500. Gold prices rebounded slightly on Monday, rising above the 2,500 mark. The rebound of U.S. Treasury yields was blocked, providing gold prices with a rebound opportunity, but the rebound of the U.S. dollar index limited the rise of gold. Investors are waiting for the U.S. inflation report to provide further clues to the scale of the Fed's possible rate cut. Investors are now paying attention to the U.S. consumer price data for August to be released on Wednesday and the producer price index on Thursday. A report released by the New York Federal Reserve on Monday showed that the U.S. public's expectations of inflation pressure in August did not change much as current price pressures continued to fall. Technical side Yesterday, gold formed a bottoming out and rebounded, and it turned to long and maintained a strong closing. The price once again stood above the 2,500 mark, and the RSI indicator remained above the central axis. The short-term four-hour chart once again stood above the middle track of the Bollinger band and the moving average, and the RSI indicator broke through the central axis and hooked upward. The hourly moving average opened upward, and the Bollinger band opened upward. Gold technically formed a bottoming out and rebounded strongly at the end of the day, and the intraday trading callback was low and long. The overall rhythm is expected to rise first and then fall. Trading strategy: 2488-2490 long, stop loss 2479, target 2510-2520; 2518-2520 short, stop loss 2529, target 2500-2490; For more signals and analysis, please check my profile
OANDA:XAUUSDLong
by Jun-goldFX
XAU/USD 10 September 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 05 September 2024. -> Swing: Bullish. -> Internal: Bearish. Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge. Nonetheless, I will continue with systematic rules of analysis. Technically price should target weak internal low, therefore, my bias will remain unchanged until M15 candle break and close above swing high. Price has targeted weak internal low but the move was not sustained which indicates that price may be seeking further liquidity. We are seeing a secondary reaction to previous M15 supply zone. Intraday expectation: Price is in premium of internal 50% EQ. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong swing high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold (XAU/USD) Short Setup on 1-Hour ChartGold Short Setup – Targeting 2,480-2,470 Area Following Friday’s Selloff After a significant selloff in Gold (XAU/USD) on Friday, we are looking to continue the bearish trend into the new week. The market has shown weakness, and we aim to capitalize on this by targeting the 2,480-2,470 area if the opportunity presents itself. If market conditions change, we will adjust our strategy accordingly. Technical Analysis: • Continuation of Downtrend: The recent selloff suggests strong bearish momentum, with Gold breaking through several support levels. We expect this trend to continue as the market digests Friday’s moves. • Target Zones: The 2,480-2,470 area represents the next logical support level, where we anticipate potential profit-taking or a reversal if the market reaches this zone. • Entry and Risk Management: Enter short positions with an initial stop-loss above the recent swing high. As the trade progresses, consider moving the stop-loss to breakeven or into profit to protect gains. Fundamental Analysis: • Market Sentiment: The current market sentiment is bearish for Gold, driven by a stronger USD and potential tightening monetary policy. This is likely to continue pressuring Gold prices. • News and Events: Keep an eye on any economic data or news that might impact USD strength or Gold demand, as these could influence the trade. This short setup leverages the ongoing bearish momentum in Gold, with a clear target in mind. As always, stay flexible and ready to adjust based on how the market evolves. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
XAU/USD Weekly Analysis: A Challenging Market AheadIt's been a challenging few weeks for XAU/USD traders, especially for those of us who prefer swing trading with larger targets. As a directional trader, I usually aim for 400-500 pips per trade, but the recent market conditions have tested my strategy. With the total range being only around 600 pips over the past couple of weeks, volatility has been limited from my point of view, making it tough to find those big moves. NFP Data and Gold’s Reaction: On Friday, the NFP data came in at 143K, lower than the market's expectations. This weaker-than-expected jobs number suggests that the Federal Reserve could feel more comfortable cutting interest rates in the near future, as economic data softens. Immediately after the release, gold initially rallied, touching a key resistance level at its previous all-time high. However, the bullish momentum didn't hold. Gold soon dropped after hitting this level, signaling significant resistance. Key Levels and Market Sentiment: As I’ve mentioned in previous analyses, the resistance zone that gold initially touched after the NFP release was critical for any continuation of the uptrend. Despite some initial volatility, the price fell below an interim support zone around 2505, and by the end of Friday's session, gold had dipped below the critical 2500 level. Technical Outlook: Bearish Signs on the Horizon? Looking at the daily chart, Friday's session closed with a bearish engulfing pattern, a strong bearish indicator. As I mentioned, it also closed below both the 2505 interim support and the 2500 key level. Zooming out to the weekly chart, we see the formation of a doji pattern, a classic sign of market indecision and potential reversal. This topping formation aligns with the bearish sentiment seen in shorter timeframes. Strategy for the Upcoming Week: With these factors in mind, I stayed out of the market on Friday, believing we are at a critical juncture. Moving forward, I plan to look for sell opportunities on rallies. The 2505 resistance zone, which previously acted as support, could offer ideal selling opportunities if gold retests this level. If the price continues to move lower and approaches the 2475 support zone, my expectation is that this level will eventually give way. In fact, my target for the next significant move in gold is between 2430 and 2440, where I believe the next major support lies. Conclusion: As we move into next week, the key will be to watch how gold reacts at these critical resistance and support zones. If bearish momentum continues, we could see further downside. As always, I’ll provide an updated analysis once the market opens on Monday. Stay tuned, and enjoy the weekend! Mihai Iacob
OANDA:XAUUSDShort
by Mihai_Iacob
3
XAU/USD Correction Nears End: Preparing for Further Downside?In my weekend analysis and yesterday’s video, I expressed the view that XAU/USD has turned bearish in the mid-term, with the potential for a drop below the 2475 support zone. After initially pulling back to the NFP low, the price rebounded and returned to my sell zone between 2505-2510 (as previously explained). However, this recovery from 2485 seems more corrective and overlapping in nature, lacking strong momentum. After reaching a local high near 2507, the price began to roll over again. Confirmation of a lower high and the end of this correction would come with a drop below 2500, which would once again expose the 2475 support zone. Additionally, a retest of this level could potentially lead to a break, bringing my mid-term target of 2440 into focus. At this point, I maintain my bearish outlook on gold and for the short term 2475 is my target.
OANDA:XAUUSDShort
by Mihai_Iacob
3
The world is optimistic, gold bounces strongly to the 2500 areaGold Price Forecast Experts expect that the opportunity of the Fed reducing hobby costs through 25 foundation factors is increasing, that could make gold charges prone withinside the close to time period. Ole Hansen, head of commodity method at Saxo Bank, predicts that the August jobs variety isn't always sufficient for the Fed to reduce through 50 foundation factors on September 18. This is not going to assist gold attain new highs. Christopher Vecchio, an analyst at Tastylive, predicts that regardless of short-time period volatility, withinside the lengthy time period, the treasured metallic will continue to be an appealing funding as worldwide authorities debt rises and hobby costs fall. --- XAUUSD sell 2515-2520 SL 2532 TP 2500 TP 2490 TP 2480 TP 2470 --- Buy/Sell Scenario: 🟢 Buy: * Break above 2529.27 with a full body candle close. * Retest of the bearish OB resistance line that failed on the 1-hour timeframe. * Formation of a bullish engulfing candle in the 5/15-minute timeframe to take advantage of a Buy opportunity towards 2550 and potentially higher. 🔴 Sell: * Retest of the bearish OB resistance line on the 1-hour timeframe at 2508.26. * Formation of a bearish CHOCH candle in the 5/15-minute timeframe with a full body candle close. * Retest of a bearish CHOCH candle to take advantage of a Sell opportunity towards 2470 and potentially lower.
OANDA:XAUUSDShort
by TheLeader_WOLF
XAUUSD: Bearish Strategy Amid Resistance Levels Today’s bullish trades have been relatively smooth, with the price now hovering near a key resistance zone. From a technical perspective, if a breakout occurs, the next upside target would likely range between 2510-2518. However, if the price fails to break through this level in the near term, there is a high probability that we will see a move towards the 2452 support area later this week. Overall, the primary focus for this week remains selling at higher levels.
OANDA:XAUUSDShort
by Mia-Signal
1
XAUUSD: 2505-2500 resistance is not broken, boldly sellThe August NFP data released by the United States last Friday was 142,000, lower than the expected 160,000 and higher than the previous value of 89,000. At the same time, although the unemployment rate was in line with market expectations, it was actually the first decline in 5 months, which caused the gold price to rebound to 2529 and then fall to 2485. From the daily chart, the K-line decline this time is very similar to the previous decline. If we calculate the next three trading days according to the previous rules, it will fluctuate in the range of 2470-2505. We can sell high and buy low during this period. And after 3 trading days, it happens to be the node when CPI is announced. Therefore, from the perspective of trend and time, the probability of copying the previous market is also very high. Now the gold price is close to the resistance of 2500-2505. I have mentioned the support and resistance of this range countless times before. Everyone knows its importance. Therefore, if nothing unexpected happens today, I will sell near this range.
TVC:GOLDShort
by AntonyTP
Monday Market Analysis and SignalsGold fluctuated in a narrow range in the Asian market on Monday, now around 2497. Gold prices rose and fell last Friday, because the number of new non-agricultural jobs was lower than expected. Gold prices hit a three-week high of around 2529, approaching the historical high, but soon gave up the gains because the unemployment rate fell and the Fed's "No. 3" did not send a signal of a 50 basis point interest rate cut to the market, which made the market doubt the extent of the Fed's interest rate cut later this month. The lower-than-expected employment growth in August, in addition to the reduction in job vacancies indicating weakening demand, may also reflect a seasonal anomaly, that is, August employment growth is often lower than consensus expectations at first, and will be revised upward later. Affected by the decline in new jobs and Waller's speech, the US 10-year Treasury yield fell last Friday, hitting a 15-month low in volatile trading earlier in the session, which still provides some support for gold. This week will usher in the US August CPI data, investors need to focus on the performance of the data and pay attention to changes in market expectations. This week will also usher in the European Central Bank's interest rate decision, which investors also need to pay attention to. The vast majority of economists expect the European Central Bank to cut interest rates by 25 basis points at its meeting on September 12, and cut interest rates again in December. This may provide some support for gold prices, as rate cuts will reduce the cost of holding gold. Technically, the daily line fell again, and the weekly and daily RSI indicators still remained above the central axis. Secondly, the moving average system did not appear to cross and open downward. Overall, gold continued to fluctuate widely at high levels at the beginning of this week. In terms of operation, high-altitude is the main focus, and low-long is only short-term participation at this high level. Be careful of gold diving at any time. Trading strategy: 2478-2480 long, stop loss 2468, target 2500-2510; 2512-2514 short, stop loss 2519, target 2490-2480; Check out my profile for more free sharing and profits.
OANDA:XAUUSDShort
by Jun-goldFX
XAU/USD 09 September 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 05 September 2024. -> Swing: Bullish. -> Internal: Bearish. Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge. Nonetheless, I will continue with systematic rules of analysis. Technically price should target weak internal low, therefore, my bias will remain unchanged until M15 candle break and close above swing high. Price has targeted weak internal low but the move was not sustained which indicates that price may be seeking further liquidity. We are seeing a secondary reaction to previous M15 supply zone. Intraday expectation: Price is in premium of internal 50% EQ. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong swing high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
XAUUSD 9/9/2024 Is the Downtrend Over? Looking at H1 we see a 5-wave structure has ended and then the price has decreased to the 2491 area. - Looking at the current price structure, we expect the price to create a new bullish structure larger than the current structure, which I denote as the orange structure - So with the 5-wave orange structure, we expect wave 1 to be completed - And now wave 2 I measure the target at the price zone of 2481 - 2479, this will be the target for us to BUY - I still do not rule out that the adjustment process is not yet complete because the adjustment process is only confirmed when the price surpasses 2532, so I still calculate the possibility that the price is still adjusting - At that time, the target price zone ends the adjustment at the price zone of 2435 - 2432, this will be our BUY target when the price breaks through 2471 Regarding the SELL zone, I see that there is a very large supply at the price zone of 2511 - 2514 This zone is determined by the Volume profile tool when the price touches this zone, there must be a supply absorption phase before it can continue to increase, so this will be our SELL target Trading plan BUY ZONE: 2477 - 2474 SL: 2467 TP1: 2487 TP2: 2497 TP3: 2510 BUY ZONE: 2435 - 2432 SL: 2425 TP1: 2453 TP2: 2471 TP3: 2410 SELL ZONE: 2511 - 2514 SL: 2521 TP1: 2499 TP2: 2487 TP3: 2477
OANDA:XAUUSDLong
by DEEKOP
XAUUSD:5/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2550, support below 2450 Four-hour resistance 2506, support below 2450 Gold operation suggestions: Yesterday, gold bulls did not rise further strongly, and the upside was limited after the news release in NY time. The hourly moving average of gold is still a dead cross downward short arrangement, and there is no sign of turning. The gold moving average resistance is around 2500-2507. In the short term, gold continues to be under pressure from the 2500-2507 line. It has not broken through in one fell swoop, indicating that the resistance is still valid. Gold still continues to be bearish and fall back. The rebound of gold is not a reversal. Although it seems strong on the surface, it still cannot change the form of gold topping at a high level. Gold is already bearish in the short term. Without data stimulation, it is difficult for gold to break through resistance. Do not expect a big rise before NFP on Friday. From the 4-hour analysis, the current upper resistance is 2500-2507. The pullback relies on this position to continue the main bearish trend. The short-term gold price long and short strength watershed focuses on the 2515 mark. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend. SELL:2494near SL:2500 SELL:2508near SL:2511 SELL:2525near SL:2529 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Weekly Summary of Gold Market AnalysisSummary of Gold Market Analysis Monthly Chart Analysis • Volume: Ultra-high, with a bullish candle closing at the high. • Key Levels: o Support: Break below recent low could signal sell-off. o Resistance: Breakout above recent high signals continued bullishness. ________________________________________ Weekly Timeframe Trend: Bullish • Key Levels: 2450-2460 (Range) • Market Structure: Bullish breakout • Forecast: Gold is expected to continue trading within the 2450-2460 zone. • Range: Prices have been ranging for three weeks, with visible selling pressure. • Key Levels: o Support: Break below 2470 current low confirms selling. o Resistance: Breakout above the monthly high2530 resumes bullish trend. • Recent Movements: Gold has been trading in the same range for three weeks. ________________________________________ Daily Timeframe • Trend: Bullish with potential sideways movement • Key Levels: 2475, 2530, 2550-2560 (Resistance) • Market Structure: Bullish with strong resistance at 2550-2560 • Forecast: Ranging movement with potential spikes, followed by price drops. • Key Levels: o Support: 2470 (previous resistance turned support) o Resistance: 2500, 2505, 2516 • Volume Analysis: Suggests possible bullish pullback if strong volume candles appear. ________________________________________ Four-Hour Timeframe • Support and Resistance Zones: Established • Key Levels: Resistance at 2550-2560, support at lower zones • Trading Opportunity: Buy above resistance, sell below support • Forecast: Bullish target of 2550-2560, but bearish scenario if key levels are breached. ________________________________________ Short-Term (H4/H1) Analysis • Rejection Candles: Formed on high volume, indicating potential buying. • Key Levels: o Support: 2497, 2500, 2505 o Resistance: 2510, 2514, 2516 ________________________________________ Trading Plan • Sell Zone Confirmation: sell were confirmed twice from the upper trigger line (H4). • Structure and Trend: o Bullish: Stay bullish as long as the structure is bullish. o Bearish: Switch to bearish if structure changes. • 2470 Level: Critical support; bullish stance remains unless price closes below it. • Long-Term Buy: Expected if a breakout occurs, with potential for thousands of pips. • Bullish Target: 2550-2560 • Bearish Scenario: Reversal possible if resistance holds, leading to downward spikes. ________________________________________ Important Price Levels and Their Importance: • 2450-2460: Critical range on the weekly chart; represents current bullish zone. Strong resistance zone; target for bullish moves, with bearish potential if price reverses. • 2470: Key support level; critical to maintaining a bullish stance. • 2497, 2500, 2505: Support levels on short-term charts; key for maintaining upward momentum. • 2510, 2514, 2516: Resistance levels on short-term charts; indication for possible price rejection. These price levels are crucial for traders to watch for potential entry and exit points in both bullish and bearish scenarios.
OANDA:XAUUSD
by mrshafaq