Gold Thoughts 18-Sept-2024Good morning everyone. Kindly find my trading zones for trading opportunities on Gold today, I hope this gives you some position opening insights for today. Remember these are not signals and you use them at your own risk.08:57by DrBtgar1
XAUUSD H1: The Fed Interest Rate DecisionAhead of the Fed's interest rate announcement, in my analysis, XAUUSD tends to move toward the 50% level, where there is also an imbalance (FVG) at the 2535-2541 level. After the interest rate announcement, the candle is expected to move to take liquidity at the 2410 level, then reverse.Shortby VoxNexus2
Gold Expected Correction in Coming Weeks!!Gold breaches September opening- rallies more than 3.6% month-to-date XAU/USD approaching up trend resistance- risk for exhaustion / price inflection- Fed on tap Resistance 2643/71 (key), 2743, 2804- Support 2565, 2524 (key), 2469/83Shortby setrader331
Bullish Gold Trading: A Clear Uptrend Confirmed by Indicators.As we analyze the current gold market, we see a strong bullish trend. The moving averages provide clear signals that support this upward momentum. ### Key Observations: 1. **Moving Averages Alignment**: The short-term moving average (e.g., 50-day) is consistently above the long-term moving average (e.g., 200-day), indicating a solid bullish crossover. This alignment suggests that the recent price action is supported by strong buying interest. 2. **Support Levels**: Recent price dips have found solid support at key moving average levels, reinforcing the bullish sentiment. Each bounce off these averages indicates buyers are stepping in, further solidifying the uptrend. 3. **Volume Confirmation**: The increase in trading volume during upward price movements adds credibility to the bullish trend. Higher volume often signifies stronger conviction among traders, a positive sign for continued upward movement. 4. **Technical Indicators**: Additional indicators, such as the Relative Strength Index (RSI), show bullish momentum, suggesting that gold is not overbought yet and still has room to grow. ### Trading Strategy: - **Entry Points**: Consider entering long positions on pullbacks to the moving averages, as these levels have proven to be strong support. - **Stop Loss**: To manage risk effectively, set stop-loss orders just below the recent swing lows or below the moving averages. - **Target Levels**: Identify key resistance levels for potential profit-taking while also monitoring overall market sentiment and economic factors that could influence gold prices. ### Conclusion: The bullish trend in gold is well-supported by moving averages and other technical indicators. As traders, staying informed and adapting our strategies to capitalize on this upward momentum is crucial. Keep an eye on the charts and trade wisely! Happy trading! 🟡📈by jhaynsf1
GOLD Correction Downwards#trading_idea #Gold 💡 👑# Gold- Correction Downwards May Continue According our yesterday trading idea, we may see the confirmation of downward movement after 🚀 hitting ATH 2590. On the 4H chart, despite strong bullish momentum, price slides to the midline of Bollinger. The MACD is pointing to potential slowdown. Bull Bear Power confirming the slowness buyers in the market. Candle analysis is also not in favor of growth yet. Fundamental: "While we see some tactical downside to gold prices under our economists' base case of a 25bp Fed cut on Wednesday, we reiterate our long gold trading recommendation and our price target of $2,700/toz by early 2025," Goldman Sachs. 🔽If the price breaks down support 2570, next target might be at 2552 and lower. 🔼However, if the price rebounds retest of resistance 2590 may occur. 🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall. ➡️GET $20,000 JUST FOR $99Shortby sabiotrade2
9.17 Technical Analysis of Gold Short-term OperationsAfter rising for three consecutive trading days, the price of gold rose again yesterday to a record high of $2,589 per ounce, close to the $2,600 mark, but it did not break through again. After encountering resistance and retreating, the final price closed at around $2,582. Overall, it still maintained a high level of consolidation. There is no doubt that the rise in gold prices for three consecutive trading days has already indicated that the Federal Reserve will start to cut interest rates, and it also indicates that the expectation of further interest rate cuts is in place. The market is concerned about how many basis points the interest rate cut will be, which is not so important because the trends of various varieties are digested in advance. Yesterday, the price of gold rose to $2,589, and then encountered resistance and retreated. The daily line recorded a small positive cross star. The current price remains above the upper track of the Bollinger Bands. The moving averages of each period are arranged in a bullish pattern. The Bollinger Bands remain open as a whole. The MACD double lines rise, and the red kinetic energy column increases, which is in line with the development of the K-line. At present, the daily line still tends to be bullish. Since technical indicators have a lag, it will be too late to wait until the price retreats or turns to short. Yesterday's high of $2589 is effective pressure. Looking further up is the $2600 mark, $2606. It is uncertain whether it can be reached. If it can be reached, you can intervene to short and wait for a retracement. The primary support below (short-term target) is $2560. Today's short-term operation strategy; Sell at 2585, stop loss at 2590 Buy at 2555, stop loss at 2550Shortby David_strategy2
Ready Signal live market trade 🔔GOLD SELL NOW! 💎 🔸 Entry Zone : 2586 🔹 TP : 2578 🔹 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 Forex4you01221
XAUUSD ANALYSIS PRICE IS ABOUT TO HIT RESISTANCE LEVEL Xauusd has made a significant impact to climb up but now try to reach at resistance . There is a probability to fall if 2599.189 reach and start going up again in the level of about 2568.063 -2562.655 so further go down to level of 2552.256 -2543.814 there is also high chance of rising up again. Buy GOLD zone: 2568.063 - 2562.655 SL 2558.028 TP1: 2575.034 TP2: 2583.579 TP3: 2593.715 Buy GOLD zone 2: 2552.256 - 2543.814 SL 2536.928 TP1: 2556.102 TP2:2559.955 TP3: 2563.780 Sell GOLD zone : 2599.189 - 2604.674 SL 2612.138 TP1: 2595.277 TP2:2591.372 TP3: 2578.914 Trader should use money management Longby FrankFx141
Gold, turn downIn my opinion, at the level of 2525 there was a price reversal on gold. It is confirmed by MACD and other indicators. I expect price movement down to the local line trends (watch the schedule) and further, in case of its overcoming, the movement to the purpose about 2160. Information provided is only educational and should not be used to take action in the market.Shortby Yuriy_KuznetsovUpdated 8
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
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
GOLD: Buy, only a small retracement for current momentumWith the MACD having just crossed above the signal line on TVC:GOLD daily chart, there is little chance of the week starting off with any strong selling direction. I am holding and entering Buy positions. I believe any meaningful retracement this week will be before Tuesday's Core Retail data and the market will look to position itself early in anticipation of major FED activity on Wednesday evening. Support this week >=$2,530 Forecasted High of <$2,620 Trend to be more sensitive to ascending channel's mean that the support level indicated above. I am very bullish this week. Longby Cha-Zee-ZESA1
Gold Market Update- Strong Bullish momentum could be continueAfter three weeks of consolidation, Gold saw a significant bullish rally last week, with prices reaching an all-time high of 2586. The upward trend looks strong and could continue, with projections pointing towards 2625 - 2630 in the upcoming days. However, a possible downside correction to 2550 might follow. 🔑 Key events to watch this week include Retail Sales, FOMC meeting, and Unemployment Claims, which could impact market dynamics. Stay informed and trade smart! #Gold #XAUUSD #Bullish #ForexTrading #TechnicalAnalysis #ConnexarCapital #FOMC #RetailSales #UnemploymentClaims #GoldTrading #MarketTrends #ForexMarket #InvestSmart #TradeForex Disclaimer - Analysis only for education purpose, not a recommendation real money tradingLongby Akfx3691
Sell An acceptable trade in gold, of course, the SL must be taken. Enter with caution and respect the SL and volume.Shortby elevenXWeeklytrader1
Gold to Target @2,700 mark as Bulls take advantage of fed cutFundamental Influence of Fed Rate Cut: Impact on Gold: Bullish target for the week @2,700 mark When the Federal Reserve cuts interest rates, especially by a significant margin like 50 bps, it generally weakens the U.S. dollar. Being priced in dollars, gold often benefits from a weaker dollar as it becomes cheaper for foreign investors, leading to increased demand. Additionally, lower interest rates reduce the opportunity cost of holding non-yielding assets like gold, making gold more attractive as a safe-haven asset. that being said, there is bullish momentum for gold, which aligns well with the broader macroeconomic impact of the Fed’s interest rate cut. Key levels like 2,541 and 2,530 should be monitored for reversals or pullbacks, with further upside possible if gold maintains its momentum. The rate cut enhances the attractiveness of gold, and we could see continued upside movement in the near term. Current Market Action: The price appears to be trending higher, breaking through several resistance zones. The "Ask" price around 2,613.57 shows that the market is trading relatively high, with the recent price action suggesting bullish momentum. my long target for this week and the coming end of the month will be targeting the 2,700 mark as my 1st Tp before we can see another pullback but for now am with the bulls on this one Longby que1
Bull I see that the market is literally bouncing off my green trend line and going back up . So I believe it will do just that to end this Friday . It’s going to go down to my green trend line , respect it and maybe go to 2620Longby ShyGirlTheTrader2
XAUUSD 9/20/24💹 👁️ Outlook 30m Context Time Frame: Gold had a nice run to new highs and is currently over extended. I would want price to meet the 10/20 before making a run higher for a continuation. Daly Bias: Bullish but needs a pullback to theh 10/20 Keeping an eye on this. 👁️Longby angelvalentinx2
XAUUSD (H4) : BULLISH STRONG FOR NEW RECORD OF $2600.00XAUUSD (H4) : BULLISH STRONG FOR NEW RECORD OF $2600.00 The price of the Gold is increasing in the best way, recently the Gold price create a new record in the month of the August 2024 while hitting $2500.00. Now I am looking that Gold will reach to $2600.00 new record in the few coming weeks. LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.by Ali_ExplorerUpdated 16
IDEA for Intraday entries!Hello traders, for information you can check my last idea in this idea i only give some level to sell and buy as of now market has no volume but as it gets volume it will sell immidiatly so add sell for sniper entry less pips sell from 2587 - 2588 to 2579 - 2575 and if this level breaks then we can add more entries for today i think gold will drop! or if 2600 breaks then add buy from 2605 (rare case) cuz sellers getting to much power! follow or like this idea to support for more idea like this!Shortby sabellaFX3
POST FOMC PRICE PROJECTION FOR GOLD IN NEXT 15 DAYS Gold prices have hit a fresh all-time high of $2600 per ounce due to Fed rate cut. The recent inflation data, including moderate increases in the consumer price index (CPI) and producer price index (PPI), has "set the stage" for a 25-basis-point cut in December 2024🏆 Michael Armbruster from Altavest noted that these inflation metrics, aligned with forecasts, support the likelihood of a moderate rate cut. Investors are flocking to gold as a safe-haven asset, leading to its 34th all-time high this year. 📈 Analysts suggest that further gains are possible if the Fed opts for a larger cut(Expected Range Could be: $2640-$2680)?. As lower rates reduce the opportunity cost of holding gold(Expected Range Could be :$2499-$2430)?, making it more attractive to investors seeking stability. Sell at : $2599-$2619-$2638-$2650 Buy at :$2525-$2480-$2460-$2440Shortby sagaahhelite1
trend line vs fed cutgold price are rising making higher high with lows price is making strong support on yellow trend line first static support $2530 fomo buyers are happy because trend is their friends until one day changes everythingShortby Sangam-Agarwal2
2024-09-18 XAUUSDTonight, the global financial market's attention will be focused on the Federal Reserve's interest rate decision, which is expected to have a significant impact on the gold market. The market generally expects the Federal Reserve to announce a rate cut at this meeting, but the magnitude of the cut -25 basis points or 50 basis points - remains uncertain. This decision will not only affect the value of the US dollar, but also indirectly impact the gold market through its impact on global economic expectations. Longby adolphs1