Gold Trading Strategy: Today's Gains and Future OutlookBefore Friday’s close, I chose to buy gold at 2719. Today, the opening price rose, and I closed positions at 2723 and 2725, selling within the 2723-2732 range.
Currently, the order at 2732 has closed at 2725. The price has dropped to MA30, showing support, though not strong. I believe it will find better support at MA60 (2715). Before that, if a rebound occurs, I consider MA5 (2728) as a reference for resistance.
Today has been another profitable day. I'm looking forward to the New York session, where market volatility will increase, and we’ll continue trading then!
Xauusdsignal
XAUUSD: +1100 pips move in making! Let's catch the big move? Dear Traders,
We have possibly a great chance to buy Gold as it is currently in a correction mode. After evaluating how price behaved in last two days we think there is a gap that price needs to filled before it continue the bullish momentum. Also there are big talk of ceasefire in ongoing conflict, if that happens the gold will likely to drop further than what we have identified. Please if there is sudden drop and price does come to our area, do not just enter wait for 4 hours or 2 hours candle to close before taking any entries. Also this is not a guaranteed chart analysis and this is just our view, you can use this as educational purposes. Good luck and trade safe.
XAUUSD: + 1000 PIPS Buying Opportunity; One not to miss! Dear Traders,
As we predicted price to fell to 2630 region and reverse from there in our last trade setups, price did exactly that. Currently price is gathering enough liquidity and volume before it continues going up. The notable thing that I would like to point out here is we have big news coming up this week. So keep that in mind.
#XAUUSD: Daily ViewPoint Will War Conflict Affect The Gold PriceDear Traders,
Gold has been in range at the moment the HH of day week it created when it reached 2670 and then dropped to 2645 level. Currently ranging between these two levels. What we are thinking here is that there is possibility that price continue the range until the friday when we have nfp. That will be crucial for the price to decide its future trend.
XAUUSD: $2740 Big Move In Making! Swing BuyDear Traders,
The price reached the 2603 region, where it was necessary to fill the Fair Value Gap (FVG). Since then, the price action has exhibited a remarkably bullish trend. Both technical and fundamental indicators suggest the potential for a bullish price movement toward 2700. As the price advances, we can establish strategic take-profit levels.
A potential new buying opportunity may arise in the 2640 region, where we observe a price reversal from the order block.
We extend our best wishes for a successful trading week.
Next Steps in the Gold Market: Are You Ready?Last week, we made significant profits in gold trading. As a new week begins, I’m eager to hear your thoughts on the gold market. Before the market closed on Friday, I bought gold at 2719, setting a take-profit target at 2725. This setup is based on my predictions of market trends.
I believe that after today’s opening, gold will experience a slight increase before starting to correct, testing the support strength of the recent upward trendline. Therefore, my plan is to buy first and then sell, with specific trading signals shared on Friday for your reference.
Throughout the trading session, I’ll keep a close eye on market movements and will promptly inform you of any changes, so stay tuned!
GOLD: Sell@2728-2734We closed our short position at a very opportune time. After taking profit at 2714, gold surged again, showing a strong bullish trend. Given this momentum, the market is likely to test 2730 after the next week’s opening. Therefore, I plan to hold my long position over the weekend, with my TP set at 2725. Once the price reaches the 2728-2736 range, I will consider selling again.
XAUUSD GOLD Update PLUS Technical Analysis and New Trade Idea👀👉 XAUUSD has been in a sustained bullish trend, with price action extending into new all-time highs. Given the overextended nature of the move, my suggestion is to lock in profits on existing positions. I would then wait for a potential retracement into the imbalance highlighted in the video for a possible re-entry, should market conditions align as outlined. Disclaimer: This content is for educational purposes only and should not be considered financial advice. 📊✅
Gold: Sell in the 2719-2724 rangeToday, we successfully seized an opportunity in the gold market, capturing a downward movement from 2712 - 2703.
Currently, gold prices have rebounded to 2718, where we observe some consolidation. At this point, the MA5 presents resistance, indicating that it may be an opportune moment to initiate another sell position.
Our target for this trade is near the MA30 around
sell@2719-2724
tp 2714-2711
XAUUSD to 2700 level soon**Monthly Chart (BULLISH)**
XAUUSD (Gold) September candle closed bullish after recording a new historical high with no indication for reversal. This is mainly due to geopolitical instability in the Middle East and line with BRICS meetings.
XAUUSD continues to move higher creating new levels after breaking the consolidation range above the 2,000 level.
**Weekly Chart (BULLISH)**
Last week's candle closed bullish after creating a new record high at 2,685.64 level. Are we going to see a new record high created above 2,700 level soon?
** Daily Chart (BULLISH)**
XAUUSD continues to move higher. Daily trend is still bullish and we expect the price to tap 2,700 level soon. Find a good setup to buy on lower time frames.
XAU, what to do with this cool guyOkay, last time due to my goofy mistakes, XAU pulled off a sane move to my capital.
What now? I still expect it to go down to see if there'll be any buy opportunity or it suggest to go down further to take more liquidity.
With all the political issues, I won't suggest anyone to sell gold long term. but rather buy it and hold, for it is like a vault for our money to hide.
My view is neutral, if you see buying, you can buy.
Hope I can help.
Gold Prices on the Rise: What to KnowThe price of gold has hit a new record high, reaching $2,714.10 per ounce amid escalating geopolitical tensions and concerns about the global economy. The surge in gold prices has prompted investors to seek haven assets as they fear a potential recession.
The record high for gold prices comes as Russia continues its invasion of Ukraine, raising fears of a wider conflict in Europe. The war has disrupted global supply chains and led to a spike in energy prices, which has put pressure on businesses and consumers around the world.
In addition to geopolitical tensions, concerns about the global economy are also driving up gold prices. The International Monetary Fund (IMF) has warned that the world is facing a "polycrisis" of challenges, including inflation, rising interest rates, and debt distress. These factors have increased uncertainty and make investors more cautious.
The surge in gold prices has significantly impacted India, which is one of the world's largest consumers of gold. The Indian rupee has weakened against the US dollar, making gold more expensive for Indian buyers. As a result, gold prices in India have reached record highs in recent weeks.
The rise in gold prices has benefited gold miners and other companies in the gold industry. However, it has also put pressure on consumers and businesses that use gold in their products. For example, as prices have risen, jewelers and other retailers have seen a decline in demand for gold jewelry and other products.
The future of gold prices is uncertain. If geopolitical tensions and economic concerns continue to escalate, gold prices could rise further. However, if the situation improves, gold prices could fall.
Investors who are considering buying gold should be aware of the risks involved. Gold prices can be volatile, and there is no guarantee that they will continue to rise. It is important to do your research and to consult with a financial advisor before making any investment decisions.
Here are some of the factors that could affect gold prices in the future:
• The outcome of the war in Ukraine
• The state of the global economy
• The level of inflation
• The interest rate policy of the US Federal Reserve
• The demand for gold from India and other major consumers
It is important to stay informed about these factors and to monitor gold prices regularly. By doing so, you can make informed decisions about whether or not to invest in gold.
Gold Outlookcurrent week was almost a bullish week for Gold and we have seen New ATH (All time High) it was a situation gold was breaking its own Records Hour by Hour...
for next week we are expecting gold to see a new peak of 2725 to 2734 and the a Retracement for the previous ATH then new Highs can be seen as far the confluences are concerned we have Fibonacci extension of previous high to low move over the price discussed above also 50 SMA from Monthly to weekly to daily to H4 to H1 is the confluence for price remaining above and can see new high as we always mention trend is our friend so we are bullish with our higher TF trends
XAUUSD: Key support 2712-2707Gold faced significant resistance around 2720, with bullish momentum weakening, which may indicate that the current upward phase is nearing its end. If holding positions over the weekend, I believe short positions are the more prudent choice.
Selling can be executed in the 2719-2726 range, with support expected in the 2712-2707 range.
If the market shows strong support during the pullback, it could be an opportunity to re-enter with long positions.
XAUUSD will reach 2800 in the short termCurrently, the XAUUSD price has further ascended after three consecutive days of gains, reaching a historic high of $2711. At the same time, the price has touched $2727, nearing the $2730 threshold! The ongoing interest rate cuts by several global central banks, combined with heightened tensions in the Middle East and uncertainties in U.S. politics, provide robust support for the rise in gold prices. Recently, the risk-averse sentiment driven by U.S. political developments and conflicts in the Middle East, along with the accommodative monetary policies of major economies, have continuously supported buying in the XAUUSD market.
In this context, the dollar's pullback has further enhanced the appeal of XAUUSD, becoming one of the key drivers of gold's rise this week. It is anticipated that this momentum will carry into the first half of next week, leading to a predominant focus on long positions in XAUUSD today and throughout the latter half of the week.
However, technical analysis indicates that XAUUSD may experience some adjustments during its upward trajectory. The resistance level around $2720 could serve as a short-term target. If the gold price corrects, support may emerge in the $2700 region; a breach below this level could lead to a further retracement towards $2680. The $2680 area is viewed as critical support, expected to attract significant buying interest, making it a strategic point for bullish positions.
In summary, from a short-term perspective, if the gold price pulls back to the $2700 region, it remains a viable opportunity for continued long positions.
XAUUSD: Sell@2710-2720 Gold has broken above 2700, followed by a slight retracement. Currently, a potential double-top pattern is emerging. Mid-term indicators still show bullish momentum, but short-term factors favor the bears. The trade strategy is to continue shorting. If the price reaches the 2718-2724 range, increase short positions, with a target near 2700.
Double-Top Pattern: This is a potential bearish reversal signal, especially if the price fails to break above the previous high and begins to decline, signaling a possible trend change.
What's going on with xauusd rn.xau reaching ath, extreme premium, turtle soup, i can smell the curve going for sell.
Yeah but it's just my sensation, it can be wrong, it can go straight up who knows if anything crazy happen tmr.
i caught a goofy long but my video show my credential so i gotta delete it.
Hope i could help.
XAU increased sharply! Continued bullish FOMO⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rises for the fourth consecutive day, marking six positive days out of seven, and surpasses the $2,700 mark to reach a new record high during Friday's Asian session. Key factors driving this upward trend include anticipated rate cuts by major central banks, Middle East tensions, and uncertainty around the US Presidential election.
Thursday's strong US data reinforced expectations of moderate rate cuts by the Federal Reserve (Fed), which boosted the US Dollar to its highest level since early August. However, this hasn't dampened the bullish momentum for Gold, which is set for strong weekly gains.
⭐️Personal comments NOVA:
Gold prices show a crazy bull run in 2024 - continuing the crazy uptrend. Above the $2700 zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2733 - $2735 SL $2740
TP1: $2725
TP2: $2715
TP3: $2700
🔥BUY GOLD zone: $2684 - $2686 SL $2679
TP1: $2692
TP2: $2700
TP3: $2710
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 Analysis==>>Correction!!!Gold moved as I expected✅ in the previous post .
In this post, I also use the Bollinger Bands Indicator , it seems that Gold reacts well to the lines of this indicator. So as long as Gold reacts to these lines, you can use this indicator .
Gold is currently moving in the Resistance zone($2,686-$2,670) and managed to break the Uptrend line .
According to the theory of Elliott waves, gold seems to have completed wave 5 .
The Gold chart shows three Regular Divergences(-RDs) . One of the most reliable is the Regular Divergence(RD-) in Bollinger Bands Indicator ( Divergence sell signals mostly form at the end of an upward trend, where the price chart forms a peak above the Bollinger upper band and another peak after, below the upper band. )
I expect Gold to drop to at least $2,652 after breaking the Support line .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour 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.