GOLD XAUUSDI am looking for Long position in #XAUUSD #GOLD Take profit and Stop loss are mention and Also follow the Risk ManagementLongby callmemudassar2
Gold possible buy As seen from yesterday we traded uptrend, going for 1:2 RR, today we'll do the same thing by trading continuation trend, here we goby MadsTheGoldminer2
Incoming Bears??Although on a higher timeframe price is consolidating, it is rejecting off previous resistance. If the rejection continues, we could see price continue down. First target- 4hr previous high (2506.50). Second target -4hr low, (2488.00). SAFE TRADING! PATIENCE, Wait for confirmation here. The market will do ANYTHING!by KJfx923
XAUUSD Outlook 11/09/2024The chart is detailed, for a clear understandng to as why the trade setup and bias is Sell Setup N:B is not a holy grail just DYORShortby Caesar6tus12
xauusd shortthe monthly timeframe of gold spot shows harmonic reversal expectations.its a ABCD harmonic pattern with D as the reversal point.it is expected to test the same level of point BShortby vigneshkumar8221
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.by Mihai_Iacob7717
Gold is ready for downtrend Hey fellow traders, this is my view on Gold for the next coming months. We might revisit early 2000 and that should for last for about 6 monthsby Nhest-Trading6
XAUUSD 12 September 2024 **Market Overview:** - **1D Chart**: The price is around **$2,513.65**, in a range, and it’s approaching a minor resistance zone near **$2,518-$2,520**. - **1H Chart**: There’s a support level at **$2,510** based on recent fractal lows and possible accumulation. **Trade Setup**: **Order Type**: - **Buy Limit**: If the price retraces back to the **$2,510** support zone. - **Market Execution Buy**: If the price stays above **$2,513** and starts to break above **$2,518** (showing momentum). **Entry Price**: - **$2,510.00** (if the price dips back to this level for a low-risk entry) - **$2,518.00** (for market execution if it breaks above the resistance) **Stop Loss**: - **$2,505.00** (a safe buffer just below the recent support/fractal low at **$2,510**). **Take Profit**: - **$2,530.00**: A high liquidity zone where price tends to react, also near previous resistance levels, providing a reasonable risk/reward ratio. **Risk-to-Reward Ratio** : - **Risk**: $5 per ounce - **Reward**: $20 per ounce (from $2,510 to $2,530) - **Risk-to-Reward Ratio**: **4:1** **Trailing Stop Strategy**: 1. **Initial Stop Loss**: Place the stop at **$2,505**. 2. **Move to Break-Even**: If the price moves above **$2,520**, adjust the stop to **$2,510** (break-even). 3. **Trail Stop**: If the price hits **$2,525**, adjust the stop to **$2,518** to lock in profits. **Idea Recommendation**: - **Primary Trade**: Buy limit around **$2,510.00** with a stop loss at **$2,505.00** and take profit at **$2,530.00**. - **Alternative**: If the price breaks above **$2,518**, you can execute a market buy with the same stop-loss strategy.Longby therabbittradesUpdated 449
Daily gold analysisHello traders, What a day yesterday! Gold reached an all-time high, and once again, our key zones were incredibly precise. The market respected these levels perfectly, offering clear opportunities for those who followed the analysis. As we move forward, the precision of these zones continues to be a valuable tool in navigating the market's movements. Stay focused and let’s see what today brings! From now on, I will start giving out my numbers a little different. If you do not understand feel free to contact me. From the top we have : -2568 -2578 -2587 -2600 From the bottom we have : -2548 -2538 -2525 -2516 These levels represent possible targets that the market might move towards, depending on how the market develops. Now, for the key zones, I have found these following key zones : 2537-2539 2545-2548 2567-2570 2587-2590 Buying view : Rebound from 2545-2548 or breaking 2570 Selling view : Rebound from 2567-2570 or breaking 2545by Golden_Target2
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 IacobShortby Mihai_IacobUpdated 3323
Gold Spot / U.S. DollarTrend Analysis : Uptrend Continuation: The price has been in an overall uptrend since early 2024, marked by a series of higher highs and higher lows, especially prominent from late January to mid-May. Recent Consolidation: Since July, the price has shown signs of consolidation between approximately $2,500 and $2,550. The range suggests indecision in the market after the strong uptrend. Bollinger Bands : The chart shows Bollinger Bands, which measure volatility: Upper Band: The price has touched the upper band multiple times during the uptrend, signaling that momentum was strong. Current Position: The price is hovering near the middle of the bands, indicating a neutral stance with balanced buying and selling pressure. Volatility: The bands are relatively wide, indicating higher volatility. Support and Resistance : Support: Strong support is visible around $2,480, as evidenced by several tests of this level during consolidation. Resistance: The upper boundary of the range at $2,550 represents a key resistance level. A break above this would indicate a possible continuation of the uptrend. Volume Analysis : The volume bars show decreasing trading volume since the end of August, indicating reduced market participation and suggesting that traders are awaiting a breakout. Overall Outlook : Bullish: As long as the price remains above the 50-day SMA and continues to respect the support near $2,480, the outlook remains cautiously bullish. A breakout above $2,550 would further strengthen this view. Bearish Risk: A break below the 50-day SMA could signal a shift to a bearish phase, with potential downside targets around $2,400 or even $2,360, where previous lows were established. Longby SahrinUpdated 1
GOLDAccording to the waves analysis we can expect that price rise again to the green zone Shortby jalalnf8
Gold going to sell tomorrow!hello traders, bearish entreis: 2562 - 2565 TP : 2554 TP : 2548 TP : 2542 (if the weak demand breaks and retests) SL : 2568 dont forget to support by liking or followingShortby sabellaFX114
GOLD - BULLISH TREND TRIGGERED!!!!!Bullish Time at Mode trend on the 3 day chart has just been triggered. If you missed our long entry signal at $2,490’s, any retrace to previous highs of $2,520’s is a buy. Targets of $2,590’s, $2,650’s and $2,700’s are on play.Longby ZelfTrade112
XAUUSD: Makes a critical Bull Cross and aims at 2,650.Gold has turned completely bullish on its 1D technical outlook (RSI = 64.281, MACD = 19.680, ADX = 29.142) as it made a new All Time High today, extending the new bullish wave of the Channel Up. With the support of the 1D MA50, which is unbroken since July 3rd, we expect the extension of this wave as the 1D MACD is on its way to a Bull Cross. Since early June MACD Bull Crosses have come one after the other, the first priced Gold's bottom and the second confirmed it. Consequently, this is the most efficient level to buy and aim for a new +7.50% rise (TP = 2,650). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope5
FLAT WXY CORRECTION ON GOLD BEFORE FED'S RATE CUTAs i mentioned on my previous post that Gold would move on it's consolidation and ranging area before decide the next direction, it is probably in line with the big fundamental event ahead which is the FOMC Rate Decision. In technical perspective i can see Gold is now potentially test again the support in order to complete its wave Y. I will keep buy on support and sell on resistance as long as Gold staying in this area. CHEERS!Shortby steveivan1
HEADS & TAILS OF GOLDAppears that our previous gold analysis was correct to a certain extent but due to unforeseen circumstances the trade had gone against us. Smart enough we had already taken some of the profits and defended our trades in place. We had also broken trade view house rules . . .apologies for that. anyway . . . We currently anticipate a bounce off at the top of the channel as depicted and take profits to be reached as shown in the picture. Values and precautions are to be shared on the update of this analysis as soon as we have them confirmed. Please be advised that these are market forecasts and analysis NOT signals. Feel free to DM me privately Shortby PIP-LEDGER220
XAUUSD updateAs expected XAUSD reached near 2560 If this pattern valid we need choch conformation on 15min time frame then only we can go for sell side If sell action we can expect a target 🎯 T1 2490 to T2 2440 Without conformation dont fall into trap Happy trading 🥰Shortby TRADING_MASTER_DAVIS3
Gold hits a new all-time highGold hit a new record high today after breaking the August's all-time high finally. A small dip now should not come as major surprise. But essentially the bullish trend will remain in place until the charts tell us otherwise. The metal has been driven higher by falling bond yields lately, and weakness in US dollar. This is all thanks to expectations that the Fed is going to accelerate its rate cuts later in the year and into early 2025 amid weakness in US labour market data. The yellow metal is also finding support from multiple other sources: interest rate cuts and expectations of further rate cuts from central banks around the world, like the ECB, continued physical buying by central banks, haven demand amid heightened geopolitical risks, and momentum buying by traders trying to take advantage of rising prices. If inflation returns to target sooner, then the current state of the world economy requires much loose policy. Thus, any acceleration in the rate cuts could further propel gold in the months ahead. The prospect of gold reaching $3,000 is not unrealistic, although the potential road to that target could be a bumpy one as is often the case in a rising trend. For me, a more realistic near-term target is now around $2,600 – the next round handle now that $2,500 has been taken out. The latter is now key support. By Fawad Razaqzada, market analyst at FOREX.com by FOREXcom114
XAUUSD - possibly breaking higher!!There is a possibility that the gold may break higher !! I am taking longs here, hoping it to break previous highs and go beyond!!Longby BlueSecUpdated 2
BUY TARGET HIT 2550 |TIME TO SELL SELLING GOLD NOW WITH TARGET 2530 AND BELOW.. stay tunned for more update Shortby ForexVenom00072
XAUUSD- Wekly plan Weekly plan for gold. i have uploaded this chart for my observation so i can update my hourly or intradey charts. by factoryforex01Updated 1
Gold Bullish move Till end of the week As we well saw last week with velocity bullish move the Commodity made that past week its my Guess that also this week will see first a bearish reversal @2472 that would be the price retesting the new range @ my fvp of 50% or if we break the zone then we would be testing my extreme discount zone @2446 but as of now am awaiting to see a bullish reversal on this zone before i can enter the trade to the upside its will be quick an interesting week Longby queUpdated 4