Xauusdsignal
GOLD: The 2570-2580 area is likely to be a stage high pointGold finally ended the suppression of nearly a month yesterday, breaking through 2530 in one fell swoop, and the latest high reached 2572.
I mentioned in yesterday's article that if gold does not set a new high in the short term, it may go down, but I didn't expect the impact to be so strong, much more violent than I expected.
Yesterday, my Sell position was still held, with a small position at 2543 and an increase at 2550. Now the price has stabilized around 2570. I am going to add a little more, pull the average price appropriately, and continue to hold a bearish view.
In my opinion, it is impossible to keep setting new highs. From the previous high of 2530 to the current 2570, it has risen by more than 40 US dollars after setting a new high.
According to the previous rising pattern, each time the increase is 50$, so we can conclude that the high point of this rise is likely to be in the 2570-2580 area.
Therefore, we don’t have to worry too much about the short orders we hold. The price of gold is likely to start falling from the 2570-2580 area.
Next, I will continue to update my ideas in my channel for your reference. If you have any ideas, you can ask me directly.
Xauusd sell setupHi everyone.
As you can see we broke that consolidation to the down and now we have a CHoCH in 1H TF and even we have huge amount of divergence in TSI indicator that shows the sellers are coming in.
As this trade is against the direction of higher TF, so it's a risky trade and please set an order with 0.5% of your balance.
Please consider the risk management and let's see what happens...
Gold has not stopped increasing, long-term sell ordersI update you with the price levels to pay attention to when placing orders. For Sell Scalping orders, pay attention to the red levels at the price points 2595 - 2611 - 2620. For Buy points, 2575-2571- 2554 - 2545. These levels have a maximum SL of 3 prices. Never hold on to more than this level and the points around 2530-2526. This is a long-term swing order zone for Buy, which is expected to be received next week, because there will always be a correction wave. Looking at the market today, the daily and weekly frames are both strong forces for Buy to completely dominate. So if there is any Sell today, just scalp for a short time, and Buy is the main one to be safe. Because today, it is only scalping, so I will only show you the price levels on the Futures market because it has higher accuracy than CFD. Because if Buy holds for a long time, you are afraid of hitting the top, but Sell is afraid of being blocked by the ship. Because gold is at a new ATH peak, there will be no good resistance points. Where to Sell, most analysts currently only use Fibonacci as a price barrier, but it is also risky when the market's upward force is as strong as this, I am busy today and tomorrow I will be online in the market with you, so if you trade today, pay attention to the above price levels, these price zones will change every day and need to be updated the next day, I remind you again that if the price reaches the green liquidity points I marked, Buy is safer, and the red points Sell is high risk, if you do not have knowledge or are weak in knowledge, do not pay attention to the red points, because trading against the wave and trend has a very high possibility of loss, the wave is still expanding and has not shown any signs of stopping, so please pay attention.
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World market
At 06:18:28 09/17/2024, the world gold price stopped at 2,582.76 USD, up 3.73 USD/Ounce, (equivalent to 0.14%) compared to yesterday.
Converted according to the current exchange rate at Vietcombank, the world gold price is about 75,918 VND/tael (excluding taxes and fees).
At the beginning of the trading session on September 16 (US time), the world gold price set a new record at 2,588 USD/ounce. However, immediately after that, profit-taking activities of investors caused the gold price to decrease.
Precious metals received optimistic signals from the US Federal Reserve (Fed) at the monetary policy meeting taking place this week. The market is leaning towards the possibility that the Fed will decide to cut 25 basis points.
XAU/USD Correction Anticipation: Key Price Levels & Timing!I expect to see a correction occur when the price is between the two vertical lines or slightly after them. The horizontal price levels show the potential levels the price could reach. So, the two vertical lines indicate the probable time for the price correction.
Of course, there is a possibility that the correction started earlier.
Let’s see what happens!
SpaceIchimoku
Wait for gold to pull back, don’t chase longs for nowGold bulls are rising higher and higher, without any pullback. It's Friday now, so there's no need to chase the rise. Slow rises are often followed by sharp declines, so don't chase the longs easily. Gold is a bit stagnant, short at 2579.
Gold has limited room to rise further. The room for gold to rise further is limited. If you don’t chase the long position at the high level, you won’t be given the opportunity to go long if it doesn’t pull back. So once it pulls back, the magnitude will be huge.
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
XAU/USD "GOLD MINES" Bearish Robbery Plan to steal GoldHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist XAU/USD "GOLD MINES" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Is $2600 approaching XAU price?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) climbed for the third consecutive day, hitting a new all-time high of $2,589 during Monday’s Asian session. Traders are factoring in the possibility of a larger Fed rate cut due to signs of easing US inflation, which has weakened the US Dollar near its yearly low, boosting gold.
Additionally, US political uncertainty and ongoing geopolitical risks continue to support demand for the safe-haven metal. However, a positive tone in global equities limits further gains. Traders are cautious ahead of key central bank decisions from the Fed, BoE, and BoJ this week.
⭐️ Personal comments NOVA:
Gold price is still on the path to increase in price to reach a new ATH - Positive FOMO from the market before the news of interest rate reduction this week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2565 - $2563 SL $2558
TP1: $2572
TP2: $2580
TP3: $2590
🔥BUY GOLD zone: $2551 - $2549 SL $2544
TP1: $2557
TP2: $2563
TP3: $2570
🔥SELL GOLD zone: $2600 - $2602 SL $2607
TP1: $2590
TP2: $2575
TP3: $2560
⭐️ 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
#XAUUSD 15MINOn the lower timeframes, I’m personally looking for a buying opportunity around the support zone of 2580.00 to 2578.00.
Targets: 2585.00 / 2590.00
Avoid placing advance orders for now. Wait for solid bullish confirmation before entering a trade.
Keep in mind, if the price closes below the 2575.00 level, stay away from buying.
#XAUUSD
#XAUUSD 1HBased on the 1-hour analysis, if the price closes below the 2575.00 level, we should consider selling opportunities.
The 2585.00 to 2587.00 range is a key zone for our sellers.
However, avoid placing any advance orders at this time. Wait for strong bearish confirmation before entering a trade.
#XAUUSD
Is Gold HH confirmed ? 4H analysisGold is trading at record high with no sign of bearishness expecting Gold to go Higher High . But we have very important fed minute ahead FOMC , If Fed cuts rate by more than 0.5% will see atleast 2621-2650 and further even 2700.
This idea is valid only if it not breaks 2600 Levels
If rate cuts by only 0.25% we will see some correction but its a buy on every dips market .
Please do check b=my monthly analysis as well.
Don't forget to hit like , if you like my idea.
Disclaimer : Trading involves a significant risk of loss and is not suitable for all investors , This idea is meant for education purpose only , do your own research before risking your account.
Historical high for pullback target 2500Historical high for pullback target 2500
Fundamental Analysis of XAU/USD
US Federal Reserve Monetary Policy:
Interest Rates: Higher US rates make the dollar stronger and reduce the attractiveness of gold, as the precious metal does not pay interest. Lower rates, on the contrary, weaken the dollar and increase demand for gold.
Inflation: Gold is often used as a hedge against inflation. Rising US inflation could push gold prices higher.
Economic and Geopolitical Risks:
Gold has traditionally been a safe haven asset, which is in demand during times of economic uncertainty or geopolitical crises. Examples include global financial crises, military conflicts, and tensions between countries.
US Dollar Rate:
Since gold is quoted in dollars, the movement of the USD rate directly affects the price of gold. A weak dollar makes gold cheaper for foreign investors, which increases its demand.
Gold Demand:
Physical Demand: Industrial demand, jewelry demand, and investment demand (through gold ETFs) are also important for gold price dynamics.
Central Bank Stocks: When central banks buy or sell gold, it can have a significant impact on its price.
XAU/USD Technical Analysis
Technical analysis uses price charts and indicators. Some popular methods of analysis include:
Trend Lines:
Analyze the long-term trend (upward, downward, or sideways). If the trend is up, gold may continue to rise unless there are signs of a reversal.
Support and Resistance Levels:
Identify key levels where the price has bounced or held off previously. These levels can be used to decide when to enter or exit a position.
Indicators:
Moving Averages: Used to analyze the general direction of a trend. A crossover of a short moving average with a long moving average from top to bottom may indicate the beginning of a downtrend, and vice versa.
RSI (Relative Strength Index) indicator: Shows whether an asset is overbought or oversold. Values above 70 indicate overbought, below 30 indicate oversold.
MACD (Moving Average Convergence Divergence): Helps to assess changes in the strength and direction of a trend.
Candlestick patterns:
Some candlestick combinations, such as Hammer, Engulfing, or Doji, can signal a price reversal or continuation of the current trend.
FOMC - Special important information next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 9/16 - 9/20/2024
🔥 World situation:
Gold prices soared to a new all-time high of $2,586, driven by a weakening US Dollar on Friday. Expectations of a larger Fed rate cut are fueling the rally, with some predicting gold could reach $3,000. XAU/USD is currently trading at $2,582, up nearly 1%.
CME FedWatch Tool data shows increased bets on a 50-basis-point rate cut by the Fed, jumping from 27% to 43% after a Wall Street Journal article by Nick Timiraos and comments from former New York Fed President William Dudley. Meanwhile, odds for a 25 bps cut fell to 57%.
🔥 Identify:
Gold price officially created ATH 1 week before FOMC, this is the psychology that FED will almost certainly lower interest rates next week. The higher ATH target next week continues to take place but not too large. Expected new ATH zones: 2602, 2638
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2602, $2638, 2676
Support : $2559, $2531, 2505
🔥 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
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.
Gold outlookPreviously Gold has made a new high in previous week now its all time high for the week is archived now in upcoming week gold can consolidate for the time being but as Feds rate cut is expected and gold can go for new high in upcoming week now as i am analyzing the pair we can expect a pull back to to its newly formed physiological support levels and can go further but as i said fed rate cut is expected gold can fly high and make new levels
FOMO - reach higher ATH! XAU maybe reach 2590⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) held onto modest gains early Friday, trading near the record high of $2,565-$2,570. Thursday’s softer US Producer Price Index (PPI) report signaled easing inflation, boosting expectations of a larger Fed rate cut next week. This was supported by falling US Treasury yields and a weaker US Dollar, benefiting the non-yielding metal.
Geopolitical tensions in the Middle East and the Russia-Ukraine conflict also bolster gold's safe-haven appeal. The recent breakout from a multi-week range suggests further upside, though bulls may remain cautious ahead of next week’s key central bank decisions from the Fed, BoE, and BoJ.
⭐️ Personal comments NOVA:
Break old ATH 2531, fomo Gold price has huge buying pressure. Continue to expect the price range of 2590, the new ATH for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2547 - $2545 SL $2542
TP1: $2552
TP2: $2560
TP3: $2570
🔥BUY GOLD zone: $2530 - $2528 SL $2523
TP1: $2540
TP2: $2550
TP3: $2560
🔥SELL GOLD zone: $2590 - $2592 SL $2597
TP1: $2575
TP2: $2560
TP3: $2550
⭐️ 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
#XAUUSD: 900+ big move in making| Do not miss out| Setupsfx_OANDA:XAUUSD
Gold has been accumulating since past few weeks and it has now reached an exhaustion point where we expect a breakthrough taking out buy side liquidity and creating a record higher high. Since last three days we have been waiting for an outbreak since it did not happen last week even with help nfp. Now looking at how price is behaving we are confident enough that price is going to breakthrough the accumulation phase. As always this is not a guarantee and should only be used for secondary bias, do your own analysis before taking any trade on any instruments. Good luck.