Gold analysis short termGold looking short term correction possible downside 1:2 RR ATH position Shortby DNA_traderofficials0
gold price: target near 2660, and 2024 peak expected 2750(70).gold price: target near 2660 2024 peak expected 2750(70). with the ELLIOTT wave pattern for gold price i am planning. GOLD PRICE is in the strong days of wave 5 continuously expanding. look at the chart here, you can understand my idea and plan.Longby tienluc0
GOLD continuously sets new peaks, conditions for 2,600 USDEnd of last trading week, OANDA:XAUUSD Spots hit a new all-time record high, building on the strength and momentum received from Thursday, as the market bullishly priced in the possibility of a sharp interest rate cut by the Federal Reserve this week. . Gold prices have surged this year, driven by the Federal Reserve's loose monetary policy, central bank buying and strong safe-haven demand from conflicts in the Middle East and Ukraine. pushed up gold prices. Safe-haven demand has pushed gold up more than 24%, driven by geopolitical crises and economic uncertainty, as well as strong central bank buying. Last week, the World Gold Council said global physical gold exchange-traded funds saw capital inflows for the fourth consecutive month in August. As the Federal Reserve's next meeting on September 18 approaches, markets are paying close attention to the possibility of the US cutting interest rates for the first time since 2020. Low interest rates tend to support gold and creating pressure on the USD. The Chicago Mercantile Exchange's FedWatch tool shows investors now see a 50% chance of a 25 basis point cut and a 50% chance of a 50 basis point cut next week in US interest rates. Looking ahead, the gold market this week will focus on important events such as the Fed's interest rate decision and the revised Dotplot chart, comments by Fed Chairman Jerome Powell at the post-FOMC press conference, expected will create big fluctuations in the market. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold achieved the target increase sent to readers in the issue at the 0.618% trend-following Fibonacci extension and the upward momentum slowed, narrowing below this level. Looking at it comprehensively, gold is still completely capable of continuing to increase in price as the Relative Strength Index points up with a large slope but has not gone above the overbought level, showing that there is still room for upward momentum. still ahead. In the short term, as long as gold remains within the price channel and above the EMA21, its trend remains bullish and pullbacks that do not break these supports should only be considered technical corrections without change trend. In the immediate future, if the gold price is pushed above the 0.618% Fibonacci level, it will have enough conditions to continue to increase to the original price of 2,600 USD and more than the 0.786% Fibonacci price point of 2,612 USD. The uptrend of gold prices will be noticed again by the following technical levels. Support: 2,561 – 2,567USD Resistance: 2,590 – 2,613USD SELL XAUUSD PRICE 2601 - 2599⚡️ ↠↠ Stoploss 2595 →Take Profit 1 2594 ↨ →Take Profit 2 2589 BUY XAUUSD PRICE 2553 - 2555⚡️ ↠↠ Stoploss 2549 →Take Profit 1 2560 ↨ →Take Profit 2 2565Longby Xayah_trading18
GOLD ALERT WITH CASHTRAINFXThe XAUUSD (Gold) market is in a consolidation phase, with price action constrained between 2586 and 2546. This range suggests that a breakout could be imminent, depending on the next significant move. Bearish Outlook: A break below 2546 could signal a shift toward further downside. Immediate support could be found around 2518, and further momentum might lead to deeper corrections if market sentiment remains bearish. Bullish Outlook: A breakout above 2586 may ignite a bullish rally. The next target in this scenario would likely be around 2620, which could act as a resistance level if buying pressure continues.by cashtrainfxUpdated 2
New Plan! Buying MGC Contracts until the (DXY) Smoke Clearsthe markets opened up for the week and DXY - the US dollar index - immediately started selling off, down almost 0.5% within the first couple hours of trade.. i think its time to leave that market alone until it sees some stability. i will now be looking over to the gold marketLongby trader92241
Is Gold at Its Brightest?On the charts, gold prices are continuing their strong upward momentum, breaking through key resistance levels and moving towards testing new highs. This is supported by data from the Kitco News surveys, which show strong optimism from both professionals and retail investors on the outlook for gold. Technical analysis on the 4-hour chart shows that gold prices have broken through key resistance levels and are entering a “new price discovery zone”, a period that could see high price volatility due to the lack of resistance. The next resistance level on the chart is located at around $2,600/ounce, and this will be the next target that investors are aiming for. With the Fed expected to cut interest rates on September 18, along with ongoing geopolitical uncertainties, gold is expected to continue to receive attention as a safe-haven asset. Investors should closely monitor the Fed’s statements and the geopolitical situation to adjust their investment strategies accordingly. In addition, the demand for physical gold remains high in the context of devaluation of domestic currencies, showing that gold is not only an investment channel but also a means of protecting assets. The current growth in gold prices and the possibility of continued growth in the long term is a positive signal for those who are looking for safety in their investments.by Naoomi2
NQ Power Range Report with FIB Ext - 9/16/2024 SessionCME_MINI:NQU2024 - PR High: 19526.50 - PR Low: 19479.00 - NZ Spread: 106.0 No key scheduled economic events Holding inside Friday's close range - Advertising potential daily rotation below 19400 Session Open Stats (As of 10:55 PM 9/15) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 386.19 - Volume: 13K - Open Int: 199K - Trend Grade: Bull - From BA ATH: -6.9% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone by mv3trader50
GOLD BEARS ARE STRONG HERE|SHORT Hello, Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2,529.890 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals2210
Gold hits record high as USD/JPY drops nearly 150 pipsGold prices are on track for their biggest weekly gain since mid-August, rising 2.8% to a record $2,570 an ounce. The gains were fueled by a weaker dollar. Gold was last up 0.4% at $2,568 an ounce. The MSCI Asia Pacific ex-Japan Index rose 0.53%. US stock futures rose 0.1%, following gains in currency indexes on Thursday.by TrategySherpa2
XAU hits record high as USD falls"The market is currently pricing in a moderate FOMC rate cut outside of a recession. We, along with the majority of US economists, do not expect the US economy to fall into a recession." Global stocks rose for a fifth straight day, posting a 0.2% gain. This was helped by gains in European stocks, where the STOXX 600 index rose 0.4%, heading for a 2.6% weekly gain and its biggest one-month gain.by TrategySherpa1
!!! GOLD !!! - Up Up and Up!Hi, Will we close the ascending channel in the first days of the week... If that happens we will have this scenario. This is just an idea! Be careful!Shortby rogvirtualmoney0
Ready Signal live market trade 🔔GOLD SELL NOW! 💎 🔸 Entry Zone : 2586 🔹 TP1 : 2582 🔹 TP2 : 2577 🔹 Stop Loss : 2590 🔹 Risk Reward = 1:2 🔹 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.Shortby Forex4you01337
[Daily Bias] Gold - Thu 091612024 - Drop lowerThe price opened within Friday's value area, tested the value area high (VAH), and then dropped today. After a significant move, the price needs to stabilize before deciding on the next direction, especially with tomorrow's newsShortby zneo990
XAU price makes history in financial terms of price increaseThe consensus among analysts, economists, and market watchers is that a rate cut is almost certain. According to CME FedWatch, the market is currently pricing in a 73% chance of a 25 basis point cut and a 27% chance of a 50 basis point cut.by NicoTradingMaster7
XAUUSD - GOLD - Scalping Mode! 16th SeptLet's see what the market has to offer. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!by S-Fx_2
AFTER BREAKING ALL RECORDSIn a historic week for precious metals, gold futures broke past records to hit new highs. Markets are now turning their attention to next week’s Federal Open Market Committee (FOMC) meeting.by NicoTradingMaster116
Ready Signal live market trade 🔔GOLD SELL NOW! 💎 🔸 Entry Zone : 2584.50 🔹 TP : 2580 🔹 TP : 2575 🔹 Stop Loss : 2586 🔹 Risk Reward = 1:3 🔹 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.Shortby Forex4you012
Gold Breakout and Retest StrategyRecent Breakout: Gold has already broken through a strong resistance level and moved significantly higher. Pullback Scenario: Now, I’m watching for a potential pullback where the price could retest the new support level, which was the previous resistance. Bounce Opportunity: If the price successfully retests and holds the new support, we could see a bounce, providing a good entry point for a long position. Confirmation: Wait for signs of bullish momentum or candlestick patterns (e.g., bullish engulfing, hammer) at the support level to confirm the bounce before entering the trade. Risk Management: A stop-loss can be placed just below the new support to protect against a failed retest or further decline.Longby rebenga931
The first threshold surpassed 2,600 USD/ounce.Market are pivoting their interest to subsequent week`s Federal Open Market Committee (FOMC) meeting. This collecting is poised to be one of the year's maximum consequential, with full-size anticipation of the primary hobby price reduce on account that 2020. The consensus amongst analysts, economists, and marketplace observers is that a price discount is all however certain. markets are presently pricing in a 73% danger of a 25 bps reduce and a 27% danger of a 50 bps reduce, consistent with CME FedWatch. Early this week AngloGold Ashanti introduced it's far obtaining Egypt-targeted Centamin for $2.five billion in coins and stock. Anglogold dropped at the news, however recovered via way of means of the stop of the week. Shortby FalCol_TradingMaster3
DAILY ANALYSIS - XAUUSD (MON, 16th SEPTEMBER 2024)Bias: Bullish High Impact News: None Analysis: -Previous daily & weekly candle closed as strong bullish -Potential pullback on 1.618 fib extension level -Looking for BUY if there's confirmation on lower timeframe -Pivot point: 2660 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_fxtrading2
Ready Signal live market trade 🔔GOLD SELL NOW! 💎 🔸 Entry Zone : 2582 🔹 TP1 : 2578 🔹 TP2 : 2574 🔹 Stop Loss : 2584 🔹 Risk Reward = 1:3 🔹 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.Shortby Forex4you01111
Diamond Top formation still in effectwe are in an EWT Diamon d Top formation in every indices, every stock, bitcoin , and gold have all had similar diamond tops i feel the recession is finally here, FED be damned. They always cause the problems. all the FOMC does is screw up the market everything has had a diamond top, prepare for the bear blizzard This crazy rally reminds me of Custers last stand Shortby dryanhawley113
Gold largely bullish here but feds decision coming.Gold largely bullish here but feds decision coming. As on 19th,feds most probably chance to get rid off high monetary rates and start relaxing with .25 or .5 bps cuts. But now,traders are confused on wether it is big cut or small rate cut. So we r waiting for it.also a big rate cut decision will definitely pulled out gold from high range to ultra high range. Technical:- Gold is forming rising wedge pattern on a small scale this means any short covering possible and if this happen,support came @2430. Furthermore might go below $2390. On the upper side,gold continuous movement may cross to $2600+ to $2630-2660. Let's see.best of luck.Longby ktra_commodities2