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POSSIBLE SCENARIO FOR XAUUSD THIS WEEK!As we know gold is still in a strong uptrend. When we look dating from 23/09/24 till 26/09/24 gold as hit several ATHs and retraced back down to its PREV BUY ZONE to continue its uptrend. With new data being released around the dollar and war conflicts in the Middle East gold has been unsure of its direction causing it to range between the BUY/SELL ZONE. The strong levels I would take from this are - 2625 - 2640 - 2670 I think if gold can continue its sudden bearish momentum its had after hitting its ATH then we can see 2625 being retested and if a sudden break of that we may see more down side. the other scenario is gold bounces off the 2625 for the third time in 3 weeks and continues its run in the bull market. This is just my analysis and not financial advice. Good luck trading Hit the rocket for more analysis’s for the rest of the year.
CAPITALCOM:GOLD
by goldmoneysignals
Gold fluctuates and awaits non-agricultural data!!!For today, we need to divide the non-agricultural data into two parts. 1. Before the data, it rose in the morning. The European market rose and fell in the past two days. From the perspective of the daily line pattern, it tested 2664 4 times, and the resistance level was very small. This must be a breakthrough, but if this breakthrough continues to fall, it will not make much sense. So, either it is around 2658-60, with a loss of 50, and look at 2673=75 above, and arrive before the data. 2. Give up the intraday market and wait for non-agricultural data. Referring to Wednesday's ADP, the non-agricultural data is likely to bottom out and rebound, but this bottoming must be based on the breakthrough and rise in the European market, and the US market will see a bottoming and rebound. If it has been suppressed below 2664 during the day, then the bottoming and rebounding will not make much sense. The trend is not very strong. Only if it breaks through during the day and the US market bottoms out and rebounds, there is a risk of breaking high. If it is suppressed, it is likely to continue to fluctuate. So whether it is strong today depends on the strength of the breakthrough in the European market. If there is no breakthrough, look for shocks; if there is a breakthrough, look for strength
TVC:GOLDLong
by David_strategy
1
PMI - momentum for NF - prepares to increase prices⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remain supported by escalating Middle East tensions. On Tuesday, Iran fired over 200 missiles at Israel, and early Thursday, Israel launched airstrikes on central Beirut, Lebanon, increasing fears of a larger conflict. This ongoing instability boosts demand for safe-haven assets like gold. Meanwhile, traders are likely holding back from making strong moves, awaiting Friday's key US Nonfarm Payrolls (NFP) report for clearer direction. ⭐️ Personal comments NOVA: According to the H1 frame - gold prices form an upward trend - NF this week will determine the upcoming trend for Gold - NOVA leans towards upward price momentum thanks to middle east tensions - gold price has more upward momentum ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2644 - $2641 SL $2637 TP1: $2650 TP2: $2660 TP3: $2672 🔥SELL GOLD zone: $2672 - $2674 SL $2679 TP1: $2665 TP2: $2650 TP3: $2641 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
8
XAU 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024 Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold. Gold price moves in large range - touches H2 downtrend trendline Upward view based on world war tension in the middle east /// BUY XAU : zone 2641-2644 SL: 2636 TP: 50 - 100 - 300 pips (2671) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
Gold is in the Bearish Direction after Formation ManipulationHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
XAU/USD technical analysis: Gold price creeps lower Gold rate is upwardly biased in spite of dropping a few steam as investors ee-e book profits, expecting the following section of the conflict. Momentum stays bullish as depicted via way of means of the Relative Strength Index (RSI) however is exiting from overbought conditions, sparking the retracement. If XAU/USD drops below $2,650, this will open the door to check the September 30 every day low of $2,624, observed via way of means of the September 18 top at $2,600. A breach of the latter will reveal the 50-day Simple Moving Average (SMA) at $2,513. On similarly strength, if it clears the all time excessive of $2,685, it can amplify its profits to $2,700. 💎 TVC:GOLD BUY 2645 - 2642💎 ✔️TP1: 2660 ✔️TP2: 2670 ✔️TP3: OPEN 🚫SL: 2635
TVC:GOLDLong
by FalCol_TradingMaster
Gold keeps hitting new highs, and today is the day to see a breaThe gold price moves perfectly along the trend line. It starts to rise when it approaches the trend line. Gold is accumulating strength at a high level. Today, the gold price may break through the historical high and start the rising mode. The gold price trend is very healthy. It starts to rise when it approaches the trend line and important moving average. The best operation is to follow the trend, because the risk of going long is much lower, just like the Chinese A-shares that are winning by doing nothing now. Shorting may burst at any time, and going long may reach the daily limit at any time. Today's data: The number of layoffs of challenger companies in the United States in September (10,000 people) The number of initial jobless claims in the United States as of the week ending September 28 (10,000 people) The final value of the S&P Global Services PMI in the United States in September Trading strategy: Gold 2640 more, stop loss 2630, target 2665--------2670
TVC:GOLDLong
by David_strategy
1
Thursday Market Analysis and SignalsIn the early Asian session on Thursday, gold fluctuated in a narrow range and is currently trading around $2,657 per ounce. Gold prices fluctuated slightly on Wednesday. The US ADP employment data for September was stronger than market expectations, helping the US dollar index to record three consecutive daily gains and rise to a nearly three-week high. US Treasury yields also rose. Gold fell to 2,641 during the session on Wednesday, but tensions in the Middle East still provided safe-haven buying support for gold prices, down about 0.18%. The market will continue to focus on news related to US economic data and the geopolitical situation in the Middle East. After Iran launched a missile attack on Israel on Tuesday, gold prices jumped more than 1%. But the strength of another safe-haven asset, the US dollar, makes gold denominated in US dollars more expensive for investors holding other currencies, further limiting the rise in gold prices. Currently, traders are waiting for Friday's non-farm payrolls data, while also paying attention to the speeches of Federal Reserve officials for any clues about the policy path. This trading day will also release the changes in the number of initial jobless claims in the United States, the September ISM non-manufacturing PMI in the United States, and the monthly rate of factory orders in the United States in August. Investors need to pay close attention to this, and continue to pay attention to news about the geopolitical situation and expected changes in market non-agricultural data. Gold continues to fluctuate around a wide range of adjustments. Yesterday, the 2660/2640 range was repeatedly reshuffled. After a sharp drop to 2641 in the late trading, it stopped falling and stabilized, forming a sharp rebound and pulled up close to the 2660 mark. The daily line is still a red and blue alternating sawing pattern, and the wide range of fluctuations will continue. Pay attention to 2668/2678 on the upper side and 2653/2643 on the lower side. The repeated fluctuations in the range will continue on Thursday. Before a new round of trend trading appears, the short-term layout of the shock idea is the main focus. Asian market trading strategy: 2645-2648 long, stop loss 2636, target 2670-2680; 2668-2670 short, stop loss 2680, target 2650-2640;
OANDA:XAUUSDLong
by Jun-goldFX
10/2 XAU | USD increased by war conflictXAU / USD trend forecast October 2, 2024 Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million. /// BUY XAU : zone 2635-2637 SL: 2629 TP: 50 - 100 - 300 pips (2665) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
10.3 Gold short-term operation strategyAt present, gold continues to fluctuate. The hourly chart has formed a converging triangle. The short-term support is 2648, and the upper pressure is at 2670. From the daily chart, the "big positive front resistance line" pattern has been formed. Under the support of the big positive line of last week, after repeated short-term fluctuations, the market tends to choose to break down! ! ! Today's data: The number of initial jobless claims in the United States as of September 28 (10,000) Intraday operations: BUY: 2648 Stop loss: 2643 Target: 2655----2660 SELL: 2665 Stop loss: 2660 Target: 2630----2625
TVC:GOLDLong
by David_strategy
1
Gold is also under pressure from the USDGold has been buying and selling inside an ascending broadening wedge and trending better. The average fashion stays upward, because the rate is above the 20-day and 50-day SMAs. However, gold is extraordinarily overbought withinside the quick term, because the RSI indicates. Therefore, the rate is correcting decrease towards the yellow dotted trendline, which intersects with the 20 SMA. Therefore, this rate correction is possibly to locate assist round 20 SMA, wherein the following purchase sign may also emerge. The gold stays upward trending so long as the rate stays above $2514. The gold marketplace additionally trended better at the 4-hour chart, forming an ascending channel pattern. The rate peaked at $2,685.sixty four on Thursday remaining week, achieving the resistance stage of this ascending channel. However, gold is presently locating assist on the midline of this channel and rebounded better on Tuesday. Two assist ranges are seen at the 4-hour chart: the midline assist at $2,630 and the decrease channel assist at $2,582. These assist ranges also are determined at the day by day chart above. 💎 TVC:GOLD BUY 2649 - 2647💎 ✔️TP1: 2660 ✔️TP2: 2668 ✔️TP3: OPEN 🚫SL: 2640
TVC:GOLDLong
by FalCol_TradingMaster
10.2 Gold bottoms out and correction is made from high levelsGold daily line is still sideways at a high level, and the K line continues to deviate far from the moving average. This is an abnormal trend. The gold price will inevitably return to the moving average. This is inevitable. At the same time, there is an obvious double top pattern near 2670, and the upper shadow line continues to close. Gold fell under pressure from the high level in 4 hours. Gold continued to have a double top structure in 4 hours. Gold rose to 2673 last night and fell under pressure. The resistance is obvious. The tension in the Middle East is still an important factor affecting the gold price. This week will usher in non-agricultural data. Intraday operation: SELL: 2675 Target: 2660------2650 BUY: 2645 Target: 2665------2675
TVC:GOLDLong
by David_strategy
9
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the chart today with price finding support just above the retracement level and then hitting 2650, as highlighted on the chart and now heading towards the 2674 Bullish target. We will need to wait for ema5 cross and lock above 2674 to confirm the range above or failure to lock above will see price test the lower Goldturns again and the weighted Goldturns for the bounces. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2674 EMA5 CROSS AND LOCK ABOVE 2674 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 POTENTIALLY 2716 BEARISH TARGETS 2650 - DONE EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2620 EMA5 CROSS AND LOCK BELOW 2620 WILL OPEN THE SWING RANGE SWING RANGE 2588 - 2558 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
XAUUSD:1/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2700, support below 2622 Four-hour resistance 2685, support below 2634-2622 Gold operation suggestions: Yesterday, gold rushed up and fell back. The price fell to the lowest 10-day moving average and then formed a support rebound, and finally closed at 2634.5. From the current market, the monthly line rushed up and fell back and still rose sharply. The price is far away from the moving average and needs to be corrected. The daily chart price fell below the 5-day moving average and supported by the 10-day moving average. The trend has not turned, but weak shorts have appeared. Today, it is expected to further decline after the correction of the 10-day moving average. From the short-term moving average dead cross downward, the auxiliary indicator MACD dead cross at a high level, the four-hour high of 2685 rushed up and fell to 2675 and officially turned short. It continued to go down yesterday, but the decline did not continue today. Judging from the current market trend, the short-term support below is 2634-2622, and the pressure above is 2650-2655. Continue to rely on this range to sell high and sell low, and wait patiently for key points to enter the market. BUY:2650near SL:2647 BUY:2634near SL:2630 BUY:2622near SL:2618 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