XAUUSD SellThis is my idea on XAUUSD. Expecting price to fall to 1982.08.
After reaching TP1, capture half of the profits and set a stop loss at TP1, then follow the trend with a trailing stop.
What do you guys think?
Goldshort
XAUUSD CONFIRM UPCOMING MOVE (READ CAPTION)Gold price remains under some selling pressure for the second successive day on Monday. Reduced bets for a March Fed rate cut move and a modest USD uptick weigh on the metal.
What Do You Think About Gold Comment Down 👇
gold Possible 400+ pips trade setuphello traders .
afte last week candle my stance on gold is BEARISH .
last week the market was ranging due to nfp the price finally broke the range and closed below 2000s.
i think the price will retrace back to the fibb golden zone of the impulse can continue back down.
am gonna wait for confirmation on the yellow area and open a short position very very good risk reward
XAUUSD D1 Projection. Price break the bearish trendline and close below . Initiate sell positions after retest and confirmed by bearish price action structure.
Gold analysis 14 DEC 23After positive NFP news ,gold had bearish choch
I believe price will correct near 2040 to grab liquidity
Then, continue the bearish trend near 1980
Take care there are a lot of important news this week and FED interest rate decision at the 13 Dec.
Please leave a comment with your opinion.
Good luck , wish you a profitable week !
GOLD (XAUUSD): Trading Plan Ahead of NFP 🥇
Today we are expecting the US NFP report.
Here are the potential scenarios for Gold.
Bearish
If the price drops and closes below 1998 key daily structure support,
it will be a strong bearish signal and a further decline will be anticipated
at least to 1978
Bullish
The price formed an inverted head and shoulders formation on a 4H time frame.
Bullish breakout of its neckline - 4h candle close above 2041 will give you
a strong bullish confirmation.
A bullish continuation will be anticipated at least to 2060 level then.
Patiently wait for a breakout and then follow the market.
❤️Please, support my work with like, thank you!❤️
Possible gold short opportunity at level 2060 USD as previsous TOP , We notice some weak of bulls as we can see the divergence on CCI mixed with Pin Bare on Weekly timeframe
we expected a possible breaking uptrendline for the next three ou fours weeks.
TP and SL are clearly showing
XAU USD ForecastSo we have a bat that takes gold up to retest the trendline, then down to to 1930. This is what will happen, I'm very sure of it.
There is a very large bat that takes us down to 1888 but we don't need to worry about that for now.
Posted on 9 December 2023
GOLD WILL GO SELL CONFIRM CHARTToday’s Nonfarm Payroll report is expected to show 180k new jobs created in November compared to 150k in October, while the unemployment rate is expected to remain unchanged at 3.9%. A lower-than-expected number will underpin expectations that the Fed will start cutting interest rates at the end of Q1/start of Q2 next year. The latest CME Fed Fund probabilities see a total of 125 basis points of rate cuts in the US next year.
Gold Sell Confirm 2010 Target
XAUUSDHello traders ,what do you think about GOLD? The price of gold is fluctuating within a range.As investors await the release of U.S. NFP data on Friday that could provide more clues about the Fed's interest rate path.
From a technical point of view, the price is expected to fall to the specified level after growing to the specified resistance zone.
If this post was useful to you, do not forget to like and comment.❤️
XAUUSD CONFIRM CHART FOR NFPGold price is extending its range-play into the fourth straight trading day early Friday, as investors prefer to stay on the sidelines before the release of the all-important Nonfarm Payrolls data later in the day.
GOLD SELL CONFIRM ANALYSIS FOR TODAY Gold price (XAU/USD) attracts some buying for the second straight day on Thursday, albeit lacks follow-through and remains confined in a familiar range held over the past three days through the first half of the European session. The fundamental backdrop, meanwhile, seems tilted firmly in favour of bullish traders amid growing acceptance that the Federal Reserve (Fed) is done with its policy tightening campaign and will start cutting rates as early as March 2024. Furthermore, the recent dovish rhetoric from European Central Bank (ECB) officials, along with the Reserve Bank of Australia’s (RBA) and the Bank of Canada's (BoC) decision to hold rates steady, lifted hopes that interest rates have peaked globally. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal.
XAUUSDHello traders ,what do you think about GOLD? Gold has been fluctuating between the two zones of 2020 to 2040 for the past few days. Gold is waiting for the NFP data to break out of this range and move. The resistance of the 2040 zone is an important resistance for gold, which is expected when the price reaches this resistance Will drop at least to the specified level.
If this post was useful to you, do not forget to like and comment.❤️
XAUUSD SellThis is my idea on XAUUSD. Expecting price to fall to 2007.54.
After reaching TP1, capture half of the profits and set a stop loss at TP1, then follow the trend with a trailing stop.
What do you guys think?
Will gold hit a new record high after NFP? In recent days, gold has seen a remarkable surge, reaching an all-time high of $2070, fueled by growing speculation surrounding the Federal Reserve's potential monetary easing in 2024. This surge coincides with mounting signs of a cooling U.S. labor market, which has captured the attention of traders and investors alike.
Traders are currently factoring in a 60% probability of a rate cut by March of the following year, as indicated by CME's FedWatch Tool. This expectation is rooted in the belief that reduced interest rates could make zero-yield gold more appealing compared to alternative assets like bonds and the dollar.
This week's Labor Department report added weight to the notion of a shifting labor market, revealing a decline in job openings to 8.73 million in October— the lowest level since March 2021. As these indicators set the stage, all eyes now turn to the upcoming U.S. non-farm payrolls (NFP) data, scheduled for release on December 8. This data holds the potential to be the decisive factor shaping the future trajectory of both gold and silver prices.
Traders are now gearing up for the NFP report, anticipating it to confirm the softening of the U.S. employment market. The consensus forecast of +185K jobs added falls below the one-year average, setting the stage for a potential shortfall in job additions. This outcome could further amplify dovish expectations for the Federal Reserve in 2024, potentially paving the way for gold to hit new record highs in the aftermath of the NFP release.
GOLD BUY CONFIRM ANALYSIS FOR TODAY The gold market attempted to catch its breath after a phenomenal day of trading yesterday. Registering a 5.42% round trip, the price of gold obliterated the prior swing all-time-high around $2081 only to retrace the move and end the day significantly lower.
The RSI surged into overbought territory and has already recovered – highlighting the massive amount of volatility experienced yesterday. Today, however, trading has been more moderate, trading below the $2050 level but the uptrend remains well intact and well above the 200-day simple moving average (SMA).
Let's see how this gold chart plays out over the next six years!Here's a long-term perspective I have not seen and will be interested to follow.
I think bias needs to be removed. The bulls will see a potential shot to the MOON. The bears will see a likely hard spill.
NEWS FLASH: This is a new and crazy world! EVERYTHING IS IN PLAY!
If this gets above $2200 in 2024, it could be the start of something epic.
If we see the $1700s in 2024; then (eek) I'm nervous.
All I know for sure is I look fwd. to watching this every quarter for the next several years.
ADP Non-Farm! How does Gold price affect today?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold is currently stabilizing around $2,020 on Wednesday morning, after experiencing a two-day decline from its record high of $2,144 on Monday.
The increase in the value of gold is benefiting from a general retreat of the US Dollar, as buyers of the Greenback pause after its recent upward movement and in anticipation of the release of the significant US ADP Employment Change data.
⭐️ Personal comments NOVA:
One of the news that often greatly affects Gold today is ADP Non-Farm. The data supports the downtrend along with an adjustment to rebalance the market.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1990 - $1992 SL $1982
TP1: $2000
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2049 - $2051 SL $2060
TP1: $2040
TP2: $2032
TP3: $2020
⭐️ 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
Gold | Where is it headed next?Gold saw a massive spike at the once highest level gold has ever seen and has since then closed under this level (on the daily chart) and is further on the way down again.
Now I see a lot of people looking for longs on gold but I don't want you to forget that gold has been rejected 3 times in this zone before and went in a downtrend.
So before you load up your longs and look for new highs, don't forget that price just might reverse here.
Of course gold will someday see new highs but I don't think it will be for this year.
Let me know what you think!
Be patient and manage your risk!
Gold short position setupAfter the market made all time high now we have a CHoCH in 4H TF and a BOS in 1H TF, and now we're in the pull back.
I think this area has the most potential to look for a short entry setup.
As always, we can set a limit order or wait for a CHoCH in 5min TF and then go short.
Let see what will happen...
Good luck.
