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XAUUSD: 13/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2590, support below 2530 Four-hour resistance 2575, support below 2544 As the saying goes, the longer the horizontal line, the higher the vertical line. After a long period of box consolidation, the gold price broke upward and refreshed the historical high of 2531. It is emphasized that after the break of 2531, it is time to go all out to be bullish on gold. Don't have any more empty thoughts. The current market is bullish in multiple cycles. Whether it is the weekly, daily, or 4-hour lines, it is an absolute bullish trend. There is no doubt that we will continue to go long during the day. There is nothing to say. Just don't think about guessing where the top is for the time being. As for the intraday long position, after accelerating higher yesterday, it still maintained a strong upward trend today. The overnight low was at 2544, and today's Asian session low was at 2556. Pay attention to these two support points during the day. If you want to maintain an extremely strong long position, the starting point of 2556 cannot be broken. You can try to go long when it falls back during the day to near 2556. Today's bullish thinking can be maintained until 10 am in the U.S. market. Technical profit-taking may occur after 10 am, the last trading day of this week, but remember to only go long and not short, and follow the trend! BUY:2556near BUY:2544near SELL:2590near Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
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 2550
TVC:GOLDShort
by David_strategy
9.17 Gold Short-term Operation GuideAfter gold hit the high point of 2580-90 last week, it basically maintained a consolidation trend at the opening of this Monday. As of now, it is still above 2582 as the high point, and it is consolidating in the range of 70-90. At present, many people think that the interest rate decision on Thursday will be a node, but not. I think the GDP data will be a window for a change. Then, institutions may take advantage of the opportunity to buy and pull up again. 2580 is also a support in the 4-hour chart of gold. If it falls below the moving average support here, it is likely to test 2855-50 later.
TVC:GOLDShort
by David_strategy
3
Waiting for Gold's correction! XAU downXAU / USD trend forecast September 16, 2024 Traders lifted bets for an oversized interest rate cut by the Federal Reserve amid signs that inflation in the US is subsiding, which continues to act as a tailwind for the non-yielding yellow metal. According to the CME Group's FedWatch Tool, the current market pricing indicates over a 50% chance that the US central bank will lower borrowing costs by 50 basis points later this week. The expectations were fueled by the softer US Consumer Price Index (CPI) and the Producer Price Index (PPI) reports last week, which provided further evidence of easing inflationary pressures. Based on M45, TRENDLINE to set up SELL signal, wait FOMC news /// SELL XAU : zone 2603-2606 SL: 2611 TP: 50 - 150 - 200 pips (2586) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
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
9.16 Gold Short-term Operation GuideOn Friday, gold rose directly along the 2556 line in the early trading, rose to the 73 line in the European trading, and then fell back. In the evening, it rose again to the 80 line and then fell back. It hit a high of 86 in the late trading and then fell back slightly. Finally, the daily chart closed at 2579 with a big positive line. Looking back at Friday, the price basically went up in a step-by-step manner. There were corresponding adjustments at each suppression point, but the overall trend was still dominated by bulls. The cyclical double positive continued in terms of form. From the current market, the trend remains unchanged, but the market does not only rise but not fall. If we look at the symmetrical cycle of the form, today's expected rise and fall will close in the negative. However, the market broke through the big positive line last week, and it is not realistic to directly reverse the trend in the short term. The previous platform consolidation has become an important support for the re-upward movement. The daily chart reaches the upper acceleration line suppression area, followed by the oblique pressure of 2597. After the four-hour shock to the breakthrough of the upper line and the acceleration line, the short-term indicators have been seriously overbought, so today I am optimistic about the rise and fall, and the lower 30-minute lower line on Friday formed support for the upward movement. Today, the key support is here on the hourly chart lower line, followed by the four-hour upper line, so today's operation is long first and then short. Short term operations: BUY 2567, loss 2561, target 2582-92-97. SELL2597, loss 2603, target 2573-67-62-55
TVC:GOLD
by David_strategy
1
9.16 Gold Short-term Analysis GuideLast Friday, an article from the "Federal Reserve's mouthpiece" once again fueled speculation that the Fed might cut interest rates by 50 basis points at this week's policy meeting. The dollar index continued to fall and once lost the 101 mark, but recovered some of its losses during the U.S. trading session and finally closed down 0.13% at 101.10. U.S. Treasury yields fell slightly, with the benchmark 10-year Treasury yield closing at 3.657%; the two-year Treasury yield, which is more sensitive to monetary policy, finally closed at 3.595%. The Dow Jones Industrial Average closed up 0.72%, the S&P 500 closed up 0.54%, and the Nasdaq closed up 0.65%. Trump Media closed up 7.62%. Today's focus: The eurozone will release the seasonally adjusted trade account for July; The United States will release the New York Fed Manufacturing Index for September; ☆ Closed reminder: Today, the Tokyo Stock Exchange, Seoul Stock Exchange, Shanghai, Shenzhen and Beijing Stock Exchange The market's expectations for the Fed's upcoming interest rate cut continue to heat up. , the market currently expects the Fed to cut interest rates by 50 basis points at the September 18 meeting to reach 43%, while the probability of a 25 basis point cut is 57%. This is the first possible rate cut by the Fed since 2020. The driving effect of the expectation of rate cuts on gold prices is obvious. The lower interest rate environment reduces the holding cost of gold and increases its attractiveness as a non-yielding asset. Before the Fed meeting, gold prices usually show a trend of fluctuating higher. However, after the rate cut, gold prices may experience adjustments. Therefore, investors need to be vigilant about possible market reactions. Monetary policy changes by major central banks around the world have an important impact on the gold market. The ECB's rate cut decision last Thursday reduced the opportunity cost of holding gold and further strengthened market expectations for loose policies. At the same time, U.S. inflation data has stabilized, providing the Fed with more room to consider rate cuts. With the easing policies of the Federal Reserve and the European Central Bank, the bullish sentiment in the gold market has significantly increased. In addition, the depreciation of the U.S. dollar against the yen has further increased market interest in gold. The strong performance of the gold market was also driven by fund inflows. Data shows that the holdings of SPDR Gold Trust, the world's largest gold-backed ETF, have reached their highest level since January this year. The World Gold Council (WGC) reported that global physical gold ETFs attracted inflows for the fourth consecutive month in August, which further supported the rise in gold prices. In addition, geopolitical risks are also an important factor in the rise in gold prices. Geopolitical tensions in major economies around the world have increased market uncertainty and further boosted demand for gold as a safe-haven asset. These factors, including the Russian-Ukrainian conflict and tensions in the Middle East, have prompted investors to put their money into gold to avoid potential risks.
TVC:GOLDLong
by David_strategy
1
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.
TVC:GOLDLong
by rebenga93
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.
TVC:GOLDLong
by Cha-Zee-ZESA
GOLD M15 route mapIn this analysis we are focusing on 15M time frame for GOLD. Here we are using CRT range concept in this concept we consider that each single candle has a range, so today I'm looking for potential sell according to CRT concept. After confirmation we will take any step. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and risk to reward ratio. #XAUUSD 15M Technical Analysis Expected Move. This is just my analyze or prediction.
OANDA:XAUUSD
by Bullionbuzz
Xauusd long Target Gold preserves its bullish momentum and trades near $2,580 after setting a new record-high slightly above this level. The 10-year US Treasury bond yield stays in the red below 3.7% as markets reassess the odds of a large Fed rate cut, helping XAU/USD push higher. Gold (XAU/USD) breaks out of its multi-week sideways range and surpasses the previous record highs of $2,531. The precious metal has met its previous target at $2,550, generated after the original breakout from the July-August range on August 14, and now sets its sights on the next target at around $2,590. Gold now sell support 2550 Resistance 2621 Confirm signal Don't miss my chart Follow my chart
OANDA:XAUUSDLong
by JohnHarry_7
1
XAU/USD - BULLISH ENTRY When looking at the D1 chart of Gold, the market has broken structure to the upside, creating a new higher high (HH) and validating a new higher low (HL). The market rallied, consolidated, and further rallied. Now, we anticipate the market to retrace into the Consolidation Base, which is the blue zone also known as the order block. We plan to look for buying opportunities between Tuesday, Wednesday, and Thursday during the New York session. SL should be placed below the blue zone and the TP at the high.
OANDA:XAUUSDLong
by MarcusWillpower
The historic high in the value of gold. Where to next? The historic high in the value of gold. Where to next? At the moment, the situation on the XAUUSD (gold vs. US dollar) market is showing interesting and volatile movements. In recent weeks, we have seen price fluctuations due to a number of factors such as changes in the monetary policy of the US Federal Reserve, global economic instability and increased interest in safe assets amid geopolitical risks. Gold prices often react to news about inflation and interest rates. When expectations of rising interest rates increase, this can put pressure on gold prices as precious metals do not generate interest income. However, when uncertainty in the economy or risks increase, investors seek safe haven assets such as gold, which usually drives prices higher.
CAPITALCOM:GOLDShort
by seventhlab
Bitcoin Zip LineI’ve been tracking the course of bitcoin for the last 5 years. I think we are in for some major volatility soon! Scenario 1: The bitcoin price will rally as elections are heating up, and more people are sponsoring bitcoin and other meme coins in this period, in addition the tension in the Middle East . Consequently, the US market seems to have some underlying affect on the price of bitcoin. It is connected to the dollar. De-dollarization is a reality. But, you can’t back out on currency yet, too many people would be affected. People presently and people how will. So I expect the fed to cut rates hard, and quickly, without a doubt saving the economic bubble waiting to pop soon. Leading to a red swan event. No I did not say black. Red swan would be a global market chain reaction. Bitcoin would break upward toward the resistance area $68,387- 69,000which has been building since November 10th, 2020. If that occurs bitcoin could fall and complete a long striking falling wedge buying opportunity with a target of $42,000 and a liquidity pool around $37,600. Bitcoin could continue with selling pressure, or the big institutions will buy back bitcoin leading to an all time high price in a parabolic move toward $79,000, $100k, 150k, and $200k. Why so high? In short summary banks, coin IPO’s, Mining Harvests, Ripple, and AI This would be the greatest buy opportunity for either any retail trader or institutional investors. Maybe even private owned firms, government agencies, and owners of any equity. Scenario 2: A test of the $68’387-$69,000 area and a breakout to $73,000 could lead the price to $79,000. If this price is reached, bitcoin will either decide to test shaky hands and liquidate. As a matter of fact, new hands coming in, can squeeze toward $90,000 above 100k before deciding a true bullish path. Same rules apply on the buy opportunity. This would be parabolic as well which would make $42,000 the main support zone in a long term situation drawback. This is just a prediction, good luck ;)
BITSTAMP:BTCUSD
by R2CTrading
XAU / USD ! Upward price trend awaits ! 4th quarter 2024🔔🔔🔔🔔 NOTE XAU/USD overview: in September 2024 🔥One thing worth noting: ✅7 resistance tests: 2528-2531 ✅3 times support testing: 2472-2470 Another very important price zone at the end of 2024. Decide the future trend for Gold 🔥With 7 resistance tests: shows that buyers have the majority - overwhelming. However, it cannot be overcome. NOVA thinks the main reason is because large funds - coordination of countries want to adjust prices to reach ATH at the appropriate time (for example: September interest rate reduction, November US presidential election). 🔥Technical H4 frame: supports a very nice Uptrend 🦋🦋Technical - economic / political combination. To decide the appropriate trend and time ---------- NEW ATH: 2560 - 2590 - 2650 ----------- ⭐️ 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
1
GOLD - Bullish BreakoutGOLD has recently broken the RANGE it has been in for the last couple of weeks. As you can see via the labels on the chart, GOLD initially produced multiple REJECTIONS from the RESISTANCE. Eventually, the RESISTANCE was BROKEN, changing from high volume resistance bounces to low volume RANGING. WE were in this RANGE for a couple of weeks, where I believe that GOLD was accumulating, ready to perform a BIG VOLUME move. This has now come to fruition as the RANGE has been broken BULLISH, where it's begun to produce HIGH VOLUME candles. I will be watching to see where it creates a rejection zone as GOLD is currently trading at ALL TIME HIGHS.
TVC:GOLDLong
by I3ig_Trades
9.14 Gold Short-term Analysis StrategyThe daily and 4-hour lines closed with big positives, overlooking the 2530 line that was tested many times in the early stage. Therefore, only by following the trend under the bullish trend can there be greater profit space. The price relies on the MA moving average to go up, and the trend is very clear that the bulls have an advantage. On the one hand, it is a bullish trend. On the other hand, whether it is the hourly line or the 4-hour line, the strength of the retracement and the coordination of time after continuous pull-up, the gold price retreated to around 2545 in the early morning, and then the hourly line continued to attack the 2560 line. In other words, it is still constantly refreshing the historical high in the early morning, and there is no room for correction. The shape is relatively strong. There is no room for even retracement, which shows that the bulls are full of momentum, and there is still room for continued rise today. Today's operation plan: In the bullish pattern, what position should be used to plan for long positions? The market with oscillating components uses the low point of the retracement correction as support to rebound again. Today's ideas are similar to those of yesterday, and need to be combined with time. The lower support is near 2549, which is the upper track of the previous upward channel. After breaking through, it is bullish. The upper resistance is near 2580,2588.
TVC:GOLD
by David_strategy
Friday market analysis, continue to see new highsGold held near its all-time high on Friday, now at $2,570. Gold prices rose more than 2% on Thursday, hitting a record high, driven by expectations of a rate cut by the Federal Reserve next week, after data showed a slowdown in the U.S. economy. In addition, the ECB's rate cut also reduces the opportunity cost of holding gold, and geopolitical concerns continue to provide safe-haven buying support for gold prices. Gold prices soared to a record high after U.S. initial jobless claims and producer inflation data further indicated that the Federal Reserve may cut interest rates next week. The European Central Bank cut interest rates again on Thursday and hinted that borrowing costs will be on a "downward path" in the coming months. Currently, inflation in the eurozone is slowing, and the ECB's further rate cut has raised expectations that many central banks around the world will cut interest rates multiple times in the future, increasing the attractiveness of gold. Pay attention to the U.S. import price index in August, the preliminary value of the U.S. University of Michigan Consumer Confidence Index in September, the eurozone finance ministers' meeting, and news related to the geopolitical situation during this trading day. Technical aspect Technical aspect: Gold hit a new record high, breaking the wide range of 2530~500 this week. The daily increase is close to 50 US dollars. The MACD momentum column of the short-term four-hour chart is large, and the RSI indicator is close to 80, close to the overbought zone. The price runs along the upper track of the Bollinger Band, and the moving average golden cross opens upward. Technically, the structure of gold's bullish trend is intact. It is expected that there will be at least one bullish sprint to a new high on Friday. The trading idea is to go long at a low price. In short, don't guess the top. You will find that trading will be simple and easy if you follow the trend. Trading strategy: 2548-2550 long, stop loss 2539, target 2570-2580; 2577-2579 short, stop loss 2588, target 2550-2540;
OANDA:XAUUSDLong
by Jun-goldFX