GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week with our multi timeframe chart analysis hitting targets completing all our chart ideas. We remained committed to the bull and it paid off!!
Yesterday we shared updates on the 1H and 4H chart ideas, with both ideas completed and here we have the daily chart update. This chart has been followed every week for a number of months and we have confirmed the close above 2521 leaving the gap open to 2566 for over two weeks. This was finally completed today, which also had a ema5 lock further confirming the gap before hitting it.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Goldtradingstrategy
XAUUSD - Gold Short Near Major Resistance of Trend Line here is my idea about short trade, I'm looking for a short entry expecting downside movement if the price continues to struggle below these levels.
Gold struggle to break trend line Resistance which is indicating me good idea for short
Entry Type: Short/Sale
Entry Price: 2565.556
Take Profit: 2556.176
Stop lose: 2574.973
Good Luck!
Gold Short Trade Idea - After All-Time Highs 1 Hour (1H)Gold has recently surged to new all-time highs (ATH) following a strong breakout during the New York session. The momentum carried through to the Asian session, where the price continued to climb. However, as we enter a potential exhaustion phase, there may be an opportunity to short gold.
Analysis:
• All-Time Highs: After reaching new ATHs, gold appears to be losing steam, suggesting that a retracement could be imminent.
• Momentum Loss: The recent price action shows signs of weakening, which could indicate that buyers are stepping back, providing a window for a short position.
• Technical Levels: The take-profit target is aligned with the 0.5 Fibonacci retracement level, a common area for price to pull back after a significant move.
• Price Discovery: Gold is currently in a “price discovery” phase, where the market is determining the true value after reaching unprecedented levels. This increases the potential for volatility and unexpected price movements.
Trade Management:
• Partial Profits: If the trade starts moving in our favor, it’s advisable to take partial profits along the way. This strategy minimizes risk and locks in gains, as waiting for the full target may be too optimistic in a volatile environment.
• Tight Stop-Loss: Given the current market conditions, it’s crucial to keep the stop-loss tight. The market is in uncharted territory, so protecting your capital is paramount.
This trade aims to capitalize on a potential pullback after a historic surge in gold prices. However, caution is essential due to the “price discovery” nature of the market at these levels. Manage your risk carefully and be prepared to adapt to the market’s movements.
Trade carefully, and good luck!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Gold Trading Strategy: A Professional Approach to XAUUSD 👀 👉 This comprehensive video presents a sophisticated trading plan for the XAUUSD (Gold/US Dollar) market, designed to maximize profitability through a structured approach. We delve into crucial aspects of technical analysis and leverage TradingView's advanced tools to gain a competitive edge in the markets.
Key topics covered include:
1. Trend identification and analysis
2. Entry and exit criteria
3. Market overextension assessment
4. Discount entry strategies aligned with institutional positioning
5. Higher timeframe trend analysis combined with 4-hour chart entry points
6. Price action and market structure interpretation
Our methodology emphasizes the importance of avoiding premium entries in bullish markets and instead focuses on identifying optimal discount entry opportunities. By aligning our strategy with institutional movements, we aim to enhance the probability of successful trades.
The video provides a detailed exploration of various technical analysis components, including:
- Trend analysis techniques
- Market structure interpretation
- Price action patterns
- Overextension indicators
- Traded Volume indicators
- Multi-timeframe analysis (higher timeframe trend combined with 4-hour chart entries)
This comprehensive approach to XAUUSD trading is designed to equip traders with the tools and knowledge necessary to navigate the gold market effectively and potentially increase their trading success.
Disclaimer: Trading in financial markets carries a high level of risk and may not be suitable for all investors. The information provided in this video is for educational purposes only and should not be construed as financial advice. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before making any investment decisions. Trade responsibly and use proper risk management techniques. 📉✅
GOLD TO 2600$ HELLO TRADERS As,
GOLD just tested a strong resistance zone 1570$ on fib its a new ATH i can see a FVG near broken resistance 2533 which it have to fill and grab liquidity to make a new all-time high 2600$ which we had mention in our previous analysis friends its just a trad idea shares Ur thoughts it help many other traders
Stay tuned for more updates
GOLD Trend-pullback Buy Off S&RI had a really good entry for this GOLD buy, but unfortunately, I decided to move my stop loss too soon after seeing the sell reaction from the top of the range (Previous High). If I had not moved my stops, the price would have reached my target, even though I exited with almost half of the profits on this trade.
Price has made new all-time highs, which was expected, but I was skeptical of holding on because we had quite a few impactful news that would have affected USD strength and hence GOLD strength.
BULLISH GOLD PROJECTIONWe've been completely bullish with the current market structure failing to make a shift
2600 Price reach could be seen in no time and we should follow the psychological levels to note our resting points when there are no Resistance to look up to.
at Fxbleem Academy we strive to impact positively in a way that traders become independent of themselves. join us to learn more on telegram or use the comments section to learn more
9.13 Gold Short-term AnalysisGold prices rose more than 1% on Thursday, hitting a record high of $2,559.98 per ounce and closing at $2,558.54 per ounce, 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 European Central Bank's rate cut also reduces the opportunity cost of holding gold, and geopolitical concerns continue to provide safe-haven buying support for gold prices. Considering the possibility of profit-taking on Friday, we will patiently pay attention to the strength of profit-taking in gold today.
Market expectations have increased that the Federal Reserve will cut interest rates by 25 basis points at its September 17-18 meeting. The probability of a 25 basis point cut is 73%, and the probability of a 50 basis point cut is 27%. This expectation has driven gold's rise because the low interest rate environment makes gold more attractive as a non-yielding asset.
The European Central Bank announced another rate cut on Thursday, lowering the deposit rate to 3.50%. This decision is closely related to the background of weak economic growth and slowing inflation in the eurozone. The ECB's rate cut reduces the opportunity cost of holding gold, further enhancing its attractiveness.
In addition to economic data, geopolitical tensions also have an important impact on gold prices. Russian President Vladimir Putin said on Wednesday that Moscow may restrict exports of uranium, titanium and nickel in retaliation against Western countries. The statement has raised market concerns about the global supply chain, further boosting safe-haven demand for gold.
Gold thoughts 13-Sept-2024GOOD MORNING Everyone! Please find my Gold market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
SET UP SHORT ON GOLD. Team, Gold current price is 2564.09 PLEASE NOTE: gold are very risky, ensure when you set stop loss, it will tell you how much you are going to lose.
We will wait for 2561.37 to short. Wait until the pullback confirms.
Stop Loss at 2572-76
Target 1 at 2549.77
Target 2 at 2533.65
Please note: Once it hit our first target, take 70% profit and trail your stop loss to BE.
9.13Technical Analysis of Gold Short-term OperationsLast night, inflation data fell beyond expectations, while the core inflation monthly rate rebounded slightly to 0.3%. Gold plummeted to around $2,500 after the $2,529 data in the Asia-Europe session.
This week's market, as long as you follow it after seeing it, you will basically be slapped in the face. On Monday, I saw the decline from $2,500 to $2,485 before I rebounded and went short. Then on Tuesday, I saw the decline from 2,507 to 2,500 in the early trading and rebounded and went short. On Wednesday, I saw the Asia-Europe session continue to rise to $2,529 and started to sing a new high. All of these were "counter-killed".
Yesterday, I clearly said that we must prevent fake falls and the sudden counterattack of shorts. Not only will the August CPI be announced, but the price will be close to $2,530. There is no need to do any callback here. Unless it is a rapid plunge, the cost performance is too poor.
From the non-agricultural data to now, both long and short positions have been accurately stepped on, without exception. The non-agricultural data clearly stated that no matter whether the data is good or bad, the rise is an illusion, and the fall is the purpose. On Monday, the market opened directly at 2500 US dollars and shorted. After the decline, it stopped chasing shorts. After the decline, it fell to 2485 US dollars and rebounded to break through 2500. It decisively went long at 2500-01 and left the market at 2515. On Wednesday, the price was near 2505 and emphasized that it was also 2520 to go long at 2500 first. Yesterday, it was directly short at 2523, without considering chasing long near the historical high, and arranged long after the plunge.
Today, I think a large number of people have begun to stand on the side of the shorts, which is just the opposite of yesterday. The plunge in gold prices from 2530 to 2500 after the CPI data and the current rebound are in line with the logic of shorts.
However, I think if it is a continuation of the short position, there will not be such a large rebound. The continuous rebound of 2500, the higher the price seems to be, the greater the probability of digging a pit, especially the rebound from 2510 in the morning as support. Unless it returns to below this position, I will not short today.
Soon, gold will go unilaterally. It has closed the cross K line for three consecutive weeks. The daily BOLL closed at a high level. Now it is waiting for a suitable opportunity to directly break the range, and I am optimistic about the upward breakthrough. The bulls will soon challenge $2,600 this time.
At present, the gold price is constantly rising from the lows of $2472, $2485, and $2500. The first rebound target is $2522-23, followed by $2528-30, and then $2538-40. The recent market should be prepared to get on the bus and wait for the market to start at any time.
Today, gold uses $2,500 as the dividing point and $2,510 as the support area. Go long after the pullback, that is, change from yesterday's short thinking to low long. The rebound after the plunge is too big. This rebound is often not an opportunity to go short, but a slow rise to force shorts.
GOLD 1H AND 4H CHART ROUTE MAP UPDATEHey Everyone,
We totally smashed our 1H and 4H chart ideas today!!!
Eme5 cross and lock above 2517 confirmed 2536 and 2550 on this 4h chart idea, which was completed perfectly. We will now look for ema5b cross and lock above 2550 to open the range above.
Please see our 1H chart idea below;
This chart had ema5 cross and lock above 2523 opening 2534 and 2547, which were both hit perfectly today completing this chart idea.
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
2517 - DONE
EMA5 CROSS AND LOCK ABOVE 2517 WILL OPEN THE FOLLOWING BULLISH TARGET
2536 -DONE
POTENTIALLY 2550 - DONE
BEARISH TARGETS
2493 - DONE
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
Gold (XAU/USD) Short Setup on Daily Timeframe Gold (XAU/USD) is currently trading near a resistance zone on the daily chart, presenting a potential short setup. With key U.S. economic data, including the CPI (Consumer Price Index), set to be released today, there is a high probability of increased volatility, which could drive the price lower if the data supports USD strength.
Technical Analysis:
• Resistance Zone: The daily chart shows Gold testing a significant resistance level around 2,520. This level has previously acted as a strong barrier, making it an ideal spot for a potential reversal.
• Bearish Candlestick Formation: The recent price action has formed a bearish rejection pattern, indicating that sellers may be stepping in at this level.
• Downside Targets: The initial target for this short setup is around 2,500, where the next significant support lies. A further decline could see the price move towards 2,480 if the bearish momentum continues.
Fundamental Analysis:
• USD CPI Data: Today’s U.S. CPI release is critical, as it will provide insight into inflationary pressures and could influence the Federal Reserve’s monetary policy decisions. A higher-than-expected CPI could strengthen the USD, putting additional pressure on Gold prices.
• Market Sentiment: The market may already be pricing in expectations for the CPI data, so it’s essential to watch the actual release closely. A stronger USD could lead to a significant selloff in Gold, validating this short setup.
Risk Management:
• Volatility Caution: Given the importance of the CPI data, expect increased volatility during and after the release. Ensure your position size reflects this potential risk.
• Trailing Stop: Consider using a trailing stop if the trade moves in your favor to lock in profits while allowing the position to run if the decline continues.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
XAUUSD | GOLDSPOT | New perspective | follow-up detailLast week, Gold (XAU/USD) remained range-bound, trading within the $2,510 and $2,530. This followed a rebound fueled by weak Nonfarm Payrolls data, which showed a significant slowdown in US hiring.
Traders reacted quickly, with Fed interest rate cut probabilities fluctuating. At one point, a 50 bps cut was priced in with 70% odds, but by the end of the week, a 25 bps cut became the most likely scenario.
Adding to the dovish sentiment, several Fed policymakers, including John Williams, Christopher Waller, and Austan Goolsbee, have signalled their openness to easing monetary policy.
With the Fed leaning towards rate cuts, what does this mean for Gold's price in the coming week?
Join me in this video as I analyze the latest developments and discuss the potential path for Gold.
XAUUSD Technical Overview:
This week, we're focusing on the $2,485 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#GoldPrice #XAUUSD #Forex #MarketAnalysis #FedRateCut #GoldOutlook #TechnicalAnalysis #NonfarmPayrolls #CMEFedWatchTool📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
GOLD: Pullback in Short Term?Hi Traders!
Gold prices rose early on Thursday as the dollar weakened ahead of next week's expected Federal Reserve interest-rate cut.
Gold for December delivery was last seen up US$19.70 to US$2,562.10 per ounce. Hopes among gold bulls that the Federal Reserve's policy committee would offer 50 basis point rate cut at the end of its two-day meeting next Wednesday were dashed when data released yesterday showed the August U.S. Consumer Price Index rose by 2.5% down from 2.9% in July.
"Gold dropped back on Wednesday after US inflation data dimmed the prospects for a 50-basis-point cut next week, but underlying strength prevails, with daily higher lows signaling continued appetite from investors," Saxo Bank noted.
The dollar eased early, with the ICE dollar index last seen down 0.08 points to 101.61. Treasury yields were flat, with the yield on the U.S. two-year not unchanged at 3.648%, while the 10-year note was paying 3.658%, also steady.
From a technical point of view, on the daily chart the trend is bullish (but has not yet reached our Target at the moment). That said, once the harmonic structure is completed, we do not exclude an interesting mid-term pullback. What do you think? Please support our idea for future updates.
Thanks for watching
Gold Analysis==>> Attack to Support lines==>Short termThe Gold moved and hit the targets as I expected in the previous post .
Gold is currently moving near a Heavy Resistance zone($2,532-$2,523) and broke the Uptrend line .
According to the Elliott Waves theory , Gold has successfully completed the Zigzag Correction(ABC/5-3-5) in the 15-minute time frame.
I expect Gold to attack the Heavy Support zone($2,484-$2,431) and Support lines in the coming hours.
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
9.12 Technical Analysis of Gold Short-term OperationsIn the 4-hour period, the stochastic indicator is a dead cross downward, which is a bearish signal; however, the BOLL interval is obvious, forming an interval that has never been broken; in addition, the support bands of 2500-2490-2480-2470 have not all fallen through;
2: In the daily K, the stochastic indicator is in a state of blunt top divergence; bearish signal; the indicator is in a state of bluntness at a high level, waiting for stimulation; in terms of form, the market is resistant to falling, sideways, and since the high break, it is the second wave of rising break; it is expected that there will be a third wave of BOLL upward break upward trend later;
Comprehensive Get up: In terms of thinking, priority is given to the trend thinking; in terms of support, the middle axis support position is near 2495, the lower axis track support is near 2445; the transition support position is near 2470; sideways support, then consider sideways; sideways support position is near 2508 and 2490 in the small range;
War risk aversion is still continuing; therefore, short positions cannot be arranged at present; in terms of form, 2530 is not the peak high point of the form, so it is not recommended to arrange; breakout is handled according to the breakout of 2530/32
Today's focus: the number of initial jobless claims in the United States as of the week of September 7 (10,000 people)
Gold Analysis September 12Fundamental Analysis
Gold prices rose on an overnight rebound from the psychological $2,500 mark and gained some positive momentum on Thursday. Growing acceptance that the Federal Reserve (Fed) will begin its policy easing cycle and lower borrowing costs next week turned out to be a major factor acting as a boost for the non-yielding yellow metal. That said, bearish bets on a larger Fed rate cut at the end of the September 17-18 policy meeting have pushed the US Dollar (USD) closer to its monthly peak and should limit gains for the commodity.
In addition, a generally positive tone around the equity markets is likely to undermine traditional safe-haven assets and deter traders from placing aggressive bullish bets around Gold prices. Furthermore, the recent range-bound price action and repeated failures to find acceptance above the $2,530-2,532 zone or the all-time high reached in August, make it prudent to wait for strong follow-through buying before positioning for further gains. Traders are now looking forward to the US Producer Price Index (PPI) for fresh impetus.
Technical Analysis
Gold prices pushed up to 2521 in the late Asian session and as the European session began, prices are being pushed back down. The area of interest is the 2512 zone as prices failed to break through until mid-European session, then BUYing back up to 2528 before the US. Breaking 2528 holds until the 2555.xx peak. In the opposite direction when the 2512 zone is broken, wait for retest to sell to 2500 and 2595. In case gold does not push to 12 but flies away, sell again in the 2528-2530 zone.
SELL 2543 - 2545 Stoploss 2549
BUY 2503 - 2501. Stoploss 2498
BUY 2496 - 2494. Stoploss 249
Analysis of 9.12 Gold Short-term Operation StrategySpot gold is currently trading around $25,118.46/oz, with a narrow range of fluctuations on Thursday (September 12). Gold prices rose and fell on Wednesday, supported by safe-haven buying. Gold prices rose to around $2,529 earlier in the session on Wednesday, approaching historical highs, but after the U.S. CPI data, gold prices gave up gains and fell to around the 2,500 mark, closing at $2,511.33/oz, as U.S. inflation data prompted investors to scale back expectations for the Fed's super-large rate cut next week, and the U.S. dollar and Treasury yields strengthened.
First: Data, wash; before large data, gold prices have no external stimulation and it is difficult to form range fluctuations; what is large data, such as the mid-month interest rate meeting, such as the U.S. election in October, such as the Middle East war, the risk aversion of the Russian-Ukrainian war; therefore, these small data, like "ants shaking a big tree", are difficult to change the trend of the market; but they will form a wash trend;
Second: On the market, the overall market is consolidating in the large range of 2470-2530; and it is controlled by bulls; this is the core; after several weeks of trend, the market is resistant to decline and it is difficult to form a sharp drop; without the emergence of strong negative fundamentals, it is not enough to change this high-range consolidation and high-range resistance to decline trend;
In terms of data, small data are mainly for washing; on the market, it is high-range consolidation and high-range oscillation; understand this, at least it will not be very wrong; grasp the market trend, it will be relatively easy to do
Detailed intraday operation strategy:
Gold rebounds to 2522 short, defend 2530, target 2510-2500
Gold falls back to 2480 to go long, defend 2472, target 2490-2500
9.12 Gold Short-term AnalysisGold has been going up and down, but it still hasn't broken through the historical high. Gold is under pressure from the historical high resistance, so short at high, if it breaks through, follow up and go long, gold rebounds first under pressure
Gold's 4-hour moving average is still dead cross short arrangement, gold's 4-hour high point long structure, gold rebound high pressure historical high resistance, so continue to short, gold rebounded 2525 in the morning, continue to short, if it breaks through the new high, follow up and go long, the market is looking at the present, the market is also looking at what kind of operation is corresponding, gold has not broken through the new high in one fell swoop, the high point is reasonable, so it is reasonable to continue to short at high
Today's focus:
The main refinancing interest of the European Central Bank in the euro zone to September 12
The number of initial jobless claims in the United States for the week ending September 7
The annual rate of the US PPI in August
The monthly rate of the US PPI in August
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Our 1H chart is once again representing level to level, inline with our plans to buy dips.
Monday we stated that 2495 support target was hit and we were seeing price bounce off the retracement range to head towards 2506 bullish target.
- This was hit perfectly followed with ema5 cross and lock above 2506 opening 2523, which was also hit perfectly. No further lock above 2523 confirmed the rejection back to 2506 weighted level now turned support, providing the bounce, as per our analysis.
We will now see price play between 2506 and 2523 and will need ema5 lock to confirm breakout or fadeouts
We will continue with our plans to buy dips and keep note of any unfilled gaps below, which helps us plan to buy dips accordingly.
However, as always each of our weighted levels gave the 30 to 40 pip bounces, as analysed and played out perfectly!
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
2506 - DONE
EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET
2523 - DONE
EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET
2535
POTENTIALLY 2547
BEARISH TARGETS
2495 - DONE
EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2482
EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE
SWING RANGE
2472 - 2461
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