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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
XAUUSD: As long as it doesn’t break 2600, boldly sellYesterday's gold market was really frightening. First, the Federal Reserve announced an interest rate of 50 basis points, which was higher than market expectations. The price of gold rose from 2567 to 2600, setting a new historical high again. Then Powell's speech showed hesitation and uncertainty, and pointed out that the Fed was not in a hurry to cut interest rates. It would proceed at a suitable pace or slow during the interest rate cut cycle. This dovish speech led to a decline in investors' attractiveness to gold. The gold price plummeted from 2600 by $50 and stabilized the decline in the 2550-2560 range. However, since the 50 basis point interest rate cut is already on the table, the Federal Reserve has launched a monetary easing policy and the first rate cut is larger than before. This makes the market believe that there may be another 50-100 basis point interest rate cut before the end of this year. Therefore, gold is now back again The high area of 2590. Although there is still the possibility of interest rate cuts before the end of the year, I think that is a long-term problem, and for us who are short-term traders, it is not the focus of attention. From the market point of view, after yesterday's sharp decline that started at 2600, the shape of gold has changed, and it is in line with the short-term peak signal. Therefore, my view on the current gold is that it is bearish in the short term and bullish in the long term. Trading strategy: Now the gold price has reached the high range of 2600-2590. As long as it does not set a new high again, you can boldly sell here
OANDA:XAUUSDShort
by AntonyTP
11
XAU/USD 20 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 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 did not meet yesterday's intraday with price printing a bullish BOS following reaction from discount of internal 50% EQ. Fed rate decision to increase rates by 50bps along with geopolitical tensions is supporting Gold prices. Price has not printed a bullish CHoCH, however, price has printed beyond internal 50% EQ and in to premium, therefore, I am happy to confirm internal range. Price is currently contained within a swing low and fractal high. CHoCH positioning is denoted with a blue dotted line. Intraday expectation: Price to indicate pullback phase intimation. First indication would be for price to print bearish CHoCH. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Proof Technical Analysis Reigns SupremeIn doing my multi-timeframe analysis from earlier in the evening I was bias long. However I wasn't sure if price wanted to make a deeper pullback to the 1H LQZ I had marked up or even come down for the 3rd touch of my trendline in the ascending wedge (reversal pattern). Dropping down to the 5m timeframe I saw price slowing and formed a hover. I could have set an entry using a lower lot size to build a buffer, confidence, and to be able to participate in the markets - but I didn't. I passed out lol. I knew my bias was still correct and I was confident in taking "another" long position. I saw a larger flag with the close of that flag above a resistance zone or LQZ however you want to label it, and knew my bias was still valid. I took my entry as I saw price stalling forming some 5m dojis. After the first big push up I was able to reduced my risk letting the trade play out. My TP was initially aiming for the high of the day. However I was mindful of NY taking longer to play out and I knew I wasn't able to really monitor my trade. So I "didn't get greedy" and snagged my profits at about 80 ticks on the futures chart. This was a huge lesson in trusting the story price tells us through market structure and patterns. Although I didn't participate in my first trade, the trade I did take would have been a great stack-in. I'm glad I was able to participate today as my best and only trading days are Thursdays and Fridays.
OANDA:XAUUSDEducation
by MommaPreneur
2
#XAUUSD 1DAYXAU/USD Daily Analysis: Sell Opportunity Market Overview: The XAU/USD pair is presenting a notable sell opportunity at the $2,600 level. As gold prices approach this resistance point, several technical indicators suggest a potential downward move, making this an ideal entry for short positions. Technical Analysis: 1Resistance Level: The $2,600 mark has historically proven to be a significant resistance zone, with recent attempts to breach it resulting in price reversals. 2.Moving Averages:The price is currently below the 50-day moving average, which is trending downward, indicating bearish momentum in the market. 3.Momentum Indicators: The Relative Strength Index (RSI) shows overbought conditions, suggesting that upward pressure may be waning, further supporting a potential decline. Market Sentiment: The broader market sentiment is leaning bearish for gold, driven by factors such as rising interest rates and a strengthening US dollar. These conditions typically exert downward pressure on precious metals. Strategy: Sell Level: Enter short positions at $2,600. Target Levels: Primary target at $2,550, where significant support has been previously identified. Secondary target at $2,450, aligning with lower support zones and providing an opportunity for further gains if momentum continues. Stop-Loss: Implement a stop-loss order above $2,620 to protect against adverse price movements. Conclusion: With strong resistance at $2,600, bearish technical signals, and unfavorable market sentiment, the XAU/USD pair presents a compelling sell opportunity. Traders should closely monitor price action and adjust their strategies as needed to maximize potential returns.
FX:XAUUSDShort
by PIPSFIGHTER