Crude Oil Start Bearish MovePrice fail to break last high after FOMC and EIA data yesterday.Shortby THELIQUIDITYSEEKERS0
Price Zones to Watch After FOMCFundamental Analysis Gold prices attracted some buying as prices fell in Asian trading on Thursday and now appear to have halted the decline from the $2,600 mark or a new all-time high hit the previous day. The US dollar (USD) pared some of its intraday gains to a one-week high, which turned out to be a key support for the commodity. Moreover, concerns about an economic slowdown in the United States (US) and China - the world's two largest economies - and geopolitical risks stemming from ongoing conflicts in the Middle East benefited the safe-haven precious metal. Meanwhile, fading hopes of a more aggressive easing policy from the Federal Reserve (Fed) continued to push US Treasury yields higher. This could act as a bullish impetus for the Greenback and hold back any meaningful upside move for non-yielding Gold. Technical Analysis Post FOMC bearish candle and key zone at 2573 Fibonacci 0.5. That zone converges with the corrective downtrend channel so we can set a SELL signal. Yesterday's low at 2545 could be the most reliable support zone today as the downtrend channel widens. Pay attention to the session timings to avoid a fall break. SELL scalp 2573 - 2575. Stoploss 2581 SELL scalp 2583 - 2585. Stoploss 2589 BUY 2547 - 2545. Stoploss 2541 BUY 2527 - 2525. Stoploss 2521by SHL_Trader160
XAGUSD Shorts to continue Patiently waiting for London to tap into a premium pricing.Potentially enter on 31:930 . For a juicy 1:3 .Shortby Mrwaters110
Will Gold Shine Again? Key Levels to Watch!Gold is currently trading at 2578, aligning precisely with the 61.8% Fibonacci retracement level. The RSI on the H4 chart stands at 76.36, indicating overbought conditions just before the market closed. Following the market reopening, gold may experience a short-term pullback towards the 2572/2573 range, with potential further decline to 2561, driven by market forces. However, a bullish reversal is possible leading up to the Fed Interest decision announcement. The price could break the 2602 resistance level. It is anticipated, though, that gold might retrace to the 2544 and 2522 levels after the US Fed Interest decision on Sept 19. If you are holding sell positions, it’s advisable to have risk management strategies in place up to the 2634 level.Longby AsifYeasinKabirUpdated 1
XAUUSD: Navigating Key LQZ 4 HIGH-PROBABILITY shortMulti-Timeframe Analysis of XAUUSD 1. 4-Hour Chart Key Structure: All-Time High (ATH) at $2,600.318: This level acts as a strong resistance. Price has rejected this zone, showing an initial failure to break higher. Corrective Channel: The price has formed a small ascending corrective channel after the ATH rejection, which often indicates a potential continuation move downwards. Key Liquidity Zones (LQZs): 4H LQZ at $2,522.172: This zone could act as the next support if the downtrend continues. Daily LQZ at $2,511.042: Deeper support that aligns with the broader timeframe. Implication: Based on the corrective channel and the rejection of ATH, a continuation down towards the 4H and Daily LQZ is likely unless a strong bullish push occurs. 2. 15-Minute Chart Bearish Momentum: The price formed a sharp drop after the ATH rejection, leading to a corrective structure forming. Ascending Channel: A bearish ascending channel (corrective) is visible, which may suggest further downside. A clean break below the lower boundary of this channel would confirm bearish continuation. 1H LQZ at $2,542.056: This zone is likely to be the first target if the breakout occurs. Implication: If the price breaks below the corrective channel, a potential short entry targeting the 1H LQZ is a strong play. A further drop to the 4H LQZ could follow if momentum continues. 3. 5-Minute Chart Current Reaction: The price is bouncing from the lower part of the small corrective structure. There is a minor bounce from the 5M LQZ at $2,562.855. Next Step: Monitor for price rejection or failure at the 5M LQZ. If it fails to sustain this level, a short opportunity arises. Implication: A break below the 5-minute structure could lead to a fast move down toward the 1H LQZ. Watch for strong rejections at this level. --- Trade Setup Suggestion: 1. Entry: Aggressive: If the price breaks the corrective channel on the 15-minute chart, you can enter short near $2,562-$2,564. Conservative: Wait for a confirmed break and retest of the lower channel boundary. 2. Stop Loss: Set above the corrective channel high, around $2,580, to protect against sudden bullish reversals. 3. Targets: First target: 1H LQZ at $2,542.056. Second target: 4H LQZ at $2,522.172. Third target: Daily LQZ at $2,511.042 if further downside persists. Conclusion: The price structure and liquidity zones indicate a bearish continuation is possible, especially if the corrective channel breaks down. Keep an eye on how price interacts with the liquidity zones to refine entries and exits. Educationby MommaPreneur0
XAUUSD ATH ManipulationWhen the MN Trend rises above 100 and then shifts to a downtrend, it suggests a potential selling opportunity. However, effective money management is crucial, as price manipulation can result in unexpected margin calls that could wipe out your account. An example of this is the all-time high of $2.600.Shortby Joekenstein71
Ready Signal live market trade 🔔GOLD SELL NOW! 💎 🔸 Entry Zone : 2564 🔹 TP1 : 2560 🔹 TP2 : 2550 🔹 Stop Loss : 2566.70 🔹 Risk Reward = 1:5 🔹 50% trade position close 30/40 Pips Profit and Other 50% Trade Position hold tp Use proper money management 💸 Notice‼️ Max to max 5% risk per setup.by Forex4you01220
Gold Analysis on the H4 19/09/2024- Macro Overview Gold prices stabilized and surged to a new record high around $2,600 per troy ounce after the Fed implemented a 0.50% rate cut. However, Fed Chairman Powell's press release caused gold prices to decline shortly afterward, closing lower than the previous day. The market's strong expectation of further rate cuts compared to the Fed's updated dot plot could lead to gold price volatility as future meeting results are announced. - Technical Analysis XAUUSD retreated to 2558, breaking the support at 2570. While the price remains in a strong uptrend within the ascending channel, it has slipped below the EMA21, signaling a potential decline. If XAUUSD fails to hold above the EMA78, the price may break below the lower boundary of the channel. Conversely, if XAUUSD breaks through EMA21 and 2570, the price could surge towards the 2600 high. Shortby Golden-Fund-Forex1
XAUUSD: In balance tradingGreen === If it break and hold above YPOC looking for buy and target at upper rim of 5 day range. Red === If it hold below YPOC looking for sale down to trend line (lower rim of 5 day range)by chaorua0
Gold finds a bottom price following sell! Gold and even more so Silver were very overbought in the Daily & Weekly Timeframes, triggering their sell-offs within an hour of FOMC reducing interest rates. I was aware that Gold / Silver were very overbought in these higher-time-frames but I was not watching the indicators so I was also caught off-guard as the Gold-price slides very fast. The Gold-price has recently found a bottom price and has rebalanced and corrected the overbought condition.by Easy_Explosive_Trading0
XAUUSD ATH at $2,6000 caused by FOMC!XAU/USD reached an all-time high of $2,600 due to the FOMC announcement while I was sleeping at 2 AM. The Moving Average is still at 100%, and there are no signs of it dropping to $2,500 just yet. The MN Trend is above 100, with the price currently at $2,560, suggesting a potential downtrend soon. The FOMC (Federal Open Market Committee) is a branch of the Federal Reserve that makes key decisions about interest rates and monetary policy in the United States. They meet regularly, usually eight times a year, to assess economic conditions and decide on policy actions, which can significantly influence financial markets, including currencies, stocks, and commodities. Shortby Joekenstein71
fibonacci pivots gold hit 2600 must hold 2543 if we break short look to take profits or break even 2520 if we hold green candle close above 2543 or 2558 buy take profits 2591 by dlafave260
XAUUSD SELL TRENDLINE BREAKOUT Here on Xauusd price has broken trendline and went down so there is a need for retracement for entry sell so going for SHORT is needed if the price reach level of 2567.073 - 2576.449 and expected targeting profit should be around level 2532.982. Use money managementShortby FrankFx140
Daily gold analysisHello traders, Today was absolutely crazy due to the FOMC meeting, with the market reacting strongly to the news. I'll keep it short for today. For higher levels : -2568 -2577 -2588 -2598 For lower levels : -2548 -2537 -2528 -2519 Now, for the hot zones : 2583-2588 2563-2568 2544-2548 2536-2539by Golden_Target0
Gold Eyes $4,000Gold has been in a strong uptrend since its breakout from the accumulation range in December 2023, a move I anticipated and shared with traders (check the link below for my chart call). The recent 50 basis point rate cut by the Federal Reserve has injected fresh momentum into gold’s rally, setting the stage for a potential surge towards $2,700 to $3,000 USD in the coming months as part of a new market buy program. However, the long-term picture remains even more bullish, with Fibonacci extension projections suggesting that gold could eventually test $4,000 USD. That said, we must bear in mind that gold’s history suggests periods of reaccumulation between major breakouts, which could last for a few years depending on market sentiment and the overall economic outlook. Fed’s Rate Cut and the Market Buy Program The Federal Reserve’s recent 50 basis point rate cut has created the perfect environment for further gains in gold. With interest rates dropping, the opportunity cost of holding non-yielding assets like gold decreases. At the same time, a weaker U.S. dollar, resulting from the rate cut, makes gold more attractive to foreign buyers, further boosting demand. This shift in monetary policy is likely to lead to a market buy program, where investors increase their gold holdings as a hedge against inflation, currency devaluation, and economic uncertainty. With these factors in play, gold looks set to climb higher in the near term. Target Range: $2,700 to $3,000 USD for Reaccumulation In the short to medium term, I’m projecting gold to reach $2,700 to $3,000 USD, where we may see a reaccumulation phase. Here’s why: Historical Patterns of Accumulation and Reaccumulation: Gold has a history of moving through accumulation and reaccumulation phases before breaking out to new highs. For example, the original accumulation phase for gold lasted about six years, and following that, there was a 3.6-year reaccumulation phase before the next major move upward. Once gold reaches $2,700 to $3,000 USD, I expect a similar reaccumulation phase that could last for a few years before the next breakout. Fibonacci Extension Projections: Based on Fibonacci extensions, there is a strong case for gold reaching $4,000 USD in the longer term. These extensions are often used to identify potential future price targets in trending markets, and the current trend in gold is setting up for a move towards this key level. However, as mentioned, we could see a reaccumulation around the $3,000 USD mark before gold pushes higher. Why Gold Consolidates Before Major Breakouts Gold’s past price movements have demonstrated that the metal typically undergoes periods of consolidation (reaccumulation) before making its next big move. These phases allow the market to absorb supply, shake out weak hands, and build a stronger foundation for the next leg up. At $3,000 USD, gold could enter another one of these phases, consolidating for a few years before breaking out towards $4,000 USD. The length of this consolidation will depend on various factors, including global economic conditions, inflation trends, and how central banks adjust their monetary policies. Outlook: $4,000 USD in the Long Term While the immediate focus is on gold’s move to $2,700 to $3,000 USD, the longer-term projection points toward $4,000 USD. This price target is based on Fibonacci extension levels, which have been reliable indicators in trending markets like gold. Achieving this level will depend on how the macroeconomic landscape unfolds over the next few years. Factors such as continued dollar weakness, inflation concerns, and geopolitical risks will play key roles in driving demand for gold. However, given the history of accumulation and reaccumulation phases, it’s reasonable to expect a period of consolidation at $3,000 USD before gold embarks on its next major upward move. Factors to Watch Moving Forward Market Sentiment: Investor sentiment towards risk assets and safe-haven investments like gold will heavily influence the price trajectory. Increased uncertainty or global economic instability will likely accelerate demand for gold. Fed’s Future Policies: Any further rate cuts or signs of dovish monetary policies could fuel more demand for gold, pushing prices higher. Inflation Trends: Persistent inflationary pressures would enhance gold’s appeal as a hedge, further driving up demand and shortening the reaccumulation phase at $3,000 USD. Conclusion Gold’s breakout in December 2023 marked the beginning of a powerful uptrend, and the Fed’s recent rate cut has only added fuel to the fire. I’m projecting that gold will hit $2,700 to $3,000 USD in the near term, where we may see a reaccumulation phase lasting a few years. However, based on Fibonacci extension projections, gold could eventually reach $4,000 USD in the longer term. Keep a close eye on market sentiment and macroeconomic developments, as these will be critical in determining how quickly gold moves through its next phases. — Lord MEDZ Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The opinions expressed are solely those of the author, Lord MEDZ, and do not guarantee any specific outcome. Investing in gold or any financial instrument involves risks, and readers should consult with a financial advisor before making any investment decisions. Long16:41by Skinwah110
DAILY ANALYSIS - XAUUSD (THURS, 19th SEPTEMBER 2024)Bias: Bullish High Impact News: -Unemployment Claims Analysis: -Price corrected the FOMC move after ATH liquidity sweep -FOMC imposed ratecut -Looking for BUY if there's confirmation on lower timeframe -Pivot point: - Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.Longby HM_fxtrading0
GOLD (XAUUSD) Waiting for confirmation on GOLD entryWe are looking at gold (1:3 reward) Please refer to the chart as we are waiting for the price to form and confirmation of the long entry. Entry price at 2558.30 - CURRENT price is 2557.61 STOP LOSS at 2554.7 Target 1 at 2563.20 Target 2 at 2572.81 PLEASE NOTE: once the price hit 1st target, bring stop loss to BELongby ActiveTraderRoom2
Gold levels for today. Hi gold look weak unless it sustains above $2568. If gold breaks todays low go shortShortby priyank71910
Mid-Week Market Report: Post-FOMC Results, Forecast UPDATES!Wednesday, Sept. 18, 2024 This video will cover the updates to the Weekly Forecasts videos posted last Saturday. With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve! Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end of the video! If you like the video, leave a like/boost. I appreciate your comments, as well. I respond to all of my viewers. May profits be upon you. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.14:16by RT_Money0
U.S. Michigan Consumer Sentiment Index.Today's key levels for gold indicate a bearish outlook. Technical analysis shows that gold has recently completed a growth structure, reaching around $2,509 per ounce, with current consolidation patterns forming below this peak. Expectations suggest a potential downward movement targeting levels like $2,468 and possibly down to $2,426 S1: $2,581.10 S2: $2,578.05 S3: $2,575.40 R1: $2,586.80 R2: $2,589.45 R3: $2,592.50 These levels can act as critical points where price action might either bounce back or break through.Shortby BELLATRIXFX2
Silver 91824About to make a push up to 35 as gold holds its strength. Gold could still pull back quite a bit and still remain bullish af. I want to see alot of volume and momentumby BrandonrG0
Gold Vision full targetGold Vision Mind After Open = After Market Mind More info contact me to share idea by Youssefagga11110