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9.23 Gold Short-term Operation Analysis StrategyGold's daily and weekly lines are both up, setting new highs. Gold once again stood firmly on the 2600 line. The daily and weekly lines closed directly with big positive lines, with basically no leads. Judging from the current trend, gold will continue to rise in the long run, and the technical forms are undoubtedly strong. There are currently a lot of short-term supports below, 2610-2600 in the short term, and the upper short-term suppression is at 2635. No one can predict where the final high point will be. As gold repeatedly breaks through new highs and madly refreshes historical highs, new highs also hide the risk of falling back. Intraday operation strategy: Short at 2635, defend at 2641, target 2620-2600 Buy at 2605, defend at 2600, target 2620-2630
TVC:GOLDLong
by David_strategy
3
XAUUSD: Analysis and Strategy for Today 19/9Gold technical analysis Daily resistance 2600, support below 2500 Four-hour resistance 2600, support below 2566-2530 Gold operation suggestions: Yesterday, the Federal Reserve unexpectedly cut interest rates by 50 basis points and ushered in a high-level breakthrough of the 2600 mark, which was suppressed and fell back, and then fell and bottomed out. The overall price was blocked at the 2600 mark. Today, the decline was recovered but it did not break through 2600. Gold has generated periodic pressure above, and it may also form a large correction. From the current trend of gold, the upper pressure of the daily four-hour level is at the 2600 integer mark, and the lower support of the daily line is 2500, near 2530 for four hours, and near 2566 for the hourly level. Today, the NY market operation strategy is to buy on dips, and observe whether 2600 can stand firm above. BUY:2566near SL:2561 BUY:2530near SL:2526 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
Gold Shines as Dollar Dips: A New All-Time High in SightHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD . In the daily timeframe, gold has formed a symmetrical triangle followed by a breakout above the upper trendline. Recently, the price retested this trendline and continued to move upward. Analyzing the trend, gold remains above the EMA34 line, indicating a bullish trend. Additionally, the MACD has made a bullish crossover, signaling upward momentum. With these technical indicators aligning, we are looking at a potential continuation of this upward movement toward Target Area 1 at 2,625 or even Target Area 2 at 2,739. However, bears might find some hope if the price manages to break below the support level at 2,426. The bullish trend is also supported by fundamental factors, as Federal Reserve Chairman Jerome Powell recently confirmed that interest rate cuts are likely in the near future. This has weakened the dollar compared to other currencies and commodities, further boosting the appeal of gold. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. " Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OANDA:XAUUSDLong
by financialfreedomgoals101
Monday Market Analysis and SignalsGold fluctuated in a narrow range near its historical high in the Asian market on Monday, and is currently trading around 2628. Gold prices broke through the $2,600 mark for the first time last Friday, and once refreshed the historical high to 2625, continuing the rally boosted by further US interest rate cuts and increased tensions in the Middle East. The Federal Reserve cut interest rates by 50 basis points last Wednesday, launching an easing cycle, which has added vitality to the latest rise in gold prices. Gold prices have risen 27% so far in 2024, and are set to hit the largest annual increase since 2010, as investors seek to hedge against uncertainties caused by long-term conflicts in the Middle East and other regions. Investors need to continue to pay attention to changes in market expectations for future Fed rate cuts and news related to the geopolitical situation. This week, the US PCE data for August will also be released, which is the inflation data that the Federal Reserve focuses on monitoring. The manufacturing PMI data for September in the United States and other Western countries will be released on this trading day. In addition, several Federal Reserve officials will give speeches, which investors need to pay close attention to. There is no major change in the technical aspect, and the strong bullish trend is still maintained. The daily MA10/7-day moving average is upward, moving up to 2571/2588, the price is running on the upper track of the Bollinger Band, and the RSI indicator is at a high of 70. The short-term four-hour chart shows that the price continues to run in a trend, and the moving average opens upward and increases in volume. The RSI indicator needs to pay attention to coming above the value of 70 again. Generally, it is considered overbought when it reaches above the value of 80. Technically, gold continues to run in a trend structure, and the layout is mainly low and long. The historical high is unknown. Trading strategy: 2608-2610 long, stop loss 2600, target 2630-2640; 2635-2637 short, stop loss 2646, target 2610-2600;
OANDA:XAUUSDLong
by Jun-goldFX
XAU/USD Sell to buy idea, from 2,590 or 2,560This week’s analysis for gold suggests that the price will slow down and begin to distribute. Once the price corrects and retraces to one of my nearby points of interest (either the 10-hour or 5-hour demand zone), I'll be looking for re-accumulation to occur on the lower time frames. Once this re-accumulation is confirmed, I’ll be looking for buying opportunities to continue the upward trend. I expect this move to happen later in the week, depending on the volume and how long it takes for the price to consolidate and break out. Key confluences for gold buys: - The price has been bullish on both lower and higher time frames. - Two clean demand zones have triggered the recent break of structure. - A bullish move is pending a pullback. - The dollar is bearish, which supports gold’s upward movement. P.S. If the price starts to decline and shifts in character, I’ll be looking for a supply zone to potentially catch a short-term sell down toward the demand level.
OANDA:XAUUSDLong
by Hassan_fx
XAUUSDHello Traders! What are your thoughts on GOLD ? Gold has maintained its upward momentum in recent weeks, and it is expected to continue this week after some fluctuations and price corrections from the identified levels. If you are looking for a safer entry with less risk, it's advisable to wait for the price to reach the second support level, which provides a more reliable buying opportunity. If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDLong
by HAMED_AZ
4
XAUUSD OUTLOOK - September 21 2024Technical Analysis Gold remains in a bullish stance, with prices holding firmly around the $2,600 mark. Last week's price action showed resilience, bouncing off the $2,560 support level. The key resistance remains at $2,630, and a clear break above this could open a path toward $2,650–$2,700. The RSI is near overbought territory, suggesting a potential short-term correction, while the 50-day and 200-day moving averages indicate continued upward momentum, with the golden cross reinforcing the bullish outlook. Support Levels: $2,550 (primary), $2,515 (secondary) Resistance Levels: $2,630 (primary), $2,650-$2,700 (extended) Fundamental Analysis Gold's fundamental outlook remains strong due to a confluence of macroeconomic factors. Inflationary pressures continue to drive demand for gold as a hedge, particularly with expectations of a dovish stance from the Federal Reserve. This could lead to a weaker U.S. dollar, further boosting gold prices. Geopolitical uncertainties, such as tensions in Ukraine and ongoing U.S.-China trade issues, are increasing gold's safe-haven appeal. Additionally, central banks continue to accumulate gold reserves, providing strong underlying demand and supporting the metal’s upward trajectory. Overall, sentiment for gold remains heavily bullish and expectations continue to grow which may see some severe short turn cuts while maintaining the upward momentum. Summary Gold is expected to maintain its bullish trajectory, with a potential consolidation phase due to technical factors like the RSI indicating overbought conditions. Fundamentally, inflation, dovish Fed policies, and geopolitical uncertainties are likely to drive further demand for gold. A key level to watch is $2,630, and if this resistance is broken, gold could head toward the $2,700 mark. However, a pullback to $2,560 would offer a strong support level for renewed buying.
OANDA:XAUUSDLong
by KingsFX_official
XAUUSDHello Traders! What are your thoughts on GOLD ? After several weeks of consolidation, gold has successfully broken through its previous resistance level and escaped its narrow trading range, hitting a new high. Given the recent momentum, it is expected that gold will set a new high next week after a brief correction. A key point to watch is that gold is nearing the overbought zone, which increases the likelihood of a price reversal after reaching the new high. Exercise caution when entering long positions, as the market may experience a correction after hitting new highs. If you found this analysis helpful, don’t forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSD
by HAMED_AZ
14
Gold Favors Beyond $2,600Technically, the $2,600 round - number level, which is also the all - time high reached on Wednesday, may present some resistance before the $2,613 - 2,615 zone. This $2,613 - 2,615 zone represents the upper edge of a short - term ascending trend channel that has been in existence since June and should function as a crucial pivot. Since the oscillators on the daily chart are firmly in positive territory and are still far from the overbought area, a continuous strength above this mentioned level will be considered a new incentive for the bulls and will prepare for a further short - term upward movement of the gold price. On the contrary, the $2,551 - 2,550 area currently seems to guard against the immediate downward movement before the $2,532 - 2,530 horizontal resistance break - point. Some continuous selling could expose the psychological level of $2,500. If the gold price drops below this level, it could speed up its decline towards the $2,476 convergence point, which consists of the 50 - day Simple Moving Average (SMA) and the lower edge of the channel. A definite break below this point will imply that the XAU/USD has peaked in the near - term, leading to a decline towards the 100 - day SMA, around the $2,412 area, on the way to the $2,400 mark.
OANDA:XAUUSDLong
by Tekapo-Invest
9.20 gold short-term operation technical analysis Gold reversed in a deep V yesterday. Gold fell back to support and then rose again. It seems that gold bulls still have the momentum to continue to rise for the time being. Go long first when gold falls back in the early trading. Gold's 30-minute moving average entered the golden cross pattern. Gold rose after falling yesterday. Gold bulls once again accumulated momentum to rise. It is still expected to continue to challenge new highs. Gold fell to 2569 last night and then rose directly. Gold is currently high. After the Fed's interest rate decision, it adjusted deeply. Gold rose again. After the adjustment, gold fell back to support and continued to rise. There was no further decline, indicating that it is still in the stage of bull accumulation. Gold is expected to continue to rise; after breaking through the new high, it will accelerate. Today's operation strategy 2595 short stop loss 2600. Target 2580-2570 2572 long, stop loss 2562, target 2590-2600;
TVC:GOLD
by David_strategy
1
STRONG BULLISH MOMENTUM Today, the technical analysis for XAU/USD (Gold against the US Dollar) indicates a strong bullish momentum. The price is hovering around $2,585, with upward momentum supported by various technical indicators: RSI : 60.59, indicating a strong Buy . MACD: Positive at 4.42, reinforcing the buying sentiment. Moving Averages: The majority of moving averages (MA5, MA10, MA20, MA100) are signaling a Buy. Take profit level: $2,592 and $2,600.87 entry Levels: $2,577.55 and $2,574.33 Overall, the short-term trend for gold seems bullish, driven by demand for safe-haven assets and technical buy signals. Traders should watch for resistance at the $2,620 level
OANDA:XAUUSDLong
by BELLATRIXFX
Gold: Calm Market Expected: Focus on Short Positions Yesterday's trades were very successful. I bought at 2552 and closed at 2578, then sold at 2588 and closed at 2572, resulting in solid profits. It's Friday, and with no significant news scheduled for release—aside from uncontrollable events like natural disasters—the market should remain calm today. A $20 range would already be considerable movement. An upward move is unlikely. On a day like this, relying purely on technical patterns, a breakout above 2600 is a pipe dream. Instead, the probability of dropping to 2572 is much higher. So, the strategy for today is to focus on selling. There's no need to consider bullish trades.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
1
XAUUSD SELL NOW ! WEEKLY CLOSING DAY!Go through the analysis carefully, and do trade accordingly. Resistance- 2591-2594 Resistance-2612-2616 Support- 2571-2565 Support-2551-2555 Support-2541-2545 Strong support area- 2531-2535 Gold Signal Daily for the week Current price- 2587.9 "if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618" Advice-For Buying Best buying area= 2530-2535 For selling Best selling area= 2600-2616-2630 -POSSIBILITY-1 If 2571 break and sustain then you can sell gold with retest target will be 2545-2535 -POSSIBILITY-2 If it breaks 2600 and sustains then you can sell gold with retest target will be 2616-2630
TVC:GOLDShort
by Goldsignaldaily
2