Xauusdsignal
Gold- Correction or continuation?Yesterday, gold corrected Friday's strong upward move and dropped precisely into my buy zone. A recovery followed, with the uptrend resuming; however, the price was unable to surpass the recent all-time high (ATH) and began to decline again.
While there is a possibility that a double-top pattern could be forming, this has not been confirmed, and the overall trend remains strongly bullish.
In my opinion, bulls have little to worry about as long as the price stays above the 2480-2485 zone.
Buying on dips should continue to be the strategy.
Gold is Ready For Bull after testing the major support area
Hello 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
XAUUSD: 20/8 bullish trend continues today,NY market 1H support: 2505/4H support 2496
Gold bulls continue to hit new highs. Focus on the last high point of 2510!
It is expected that the NY market will continue its upward trend, rising higher and falling back. Personal suggestion: mainly long on the pullback.
BUY:2505~2510 SL:2498 TP:2530~2540
Sleeping Giant Awakes: Gold's Path to $2,800If you haven`t bought Gold before the previous breakout:
Now I am optimistic that GOLD is on the cusp of reaching a new all-time high, with a target of $2,800 by year's end, driven by a significant breakout.
The bullish sentiment is clearly reflected in the options chain for major gold miners!
Provided that gold maintains its position above the crucial support level of $2,428, the bullish trajectory remains intact. We foresee gold not only surpassing its historical high of $2,483 in the near future but also advancing to $2,800.
After lying dormant for many years, this sleeping giant appears ready to awaken and exhibit remarkable growth.
Monday - slight adjustment down XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) surged to a new record above the $2,500 mark on Friday, supported by several factors. The US Dollar (USD) faced renewed selling pressure, dropping near its lowest level since January, which boosted gold. Additionally, ongoing geopolitical risks from the Middle East conflicts and the prolonged Russia-Ukraine war further lifted the safe-haven metal.
On Monday, easing recession fears in the US supported a risk-on sentiment, putting some pressure on gold during the Asian session. Traders are also cautious, waiting for more clarity on the Federal Reserve's (Fed) policy direction before making significant moves. Attention now turns to the release of the FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium.
⭐️ Personal comments NOVA:
Gold has made new progress in the price increase, over 25xx. The possibility of new ATH price zones appearing is very high, in the context of military tension and upcoming interest rate cuts.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2488 - $2490 SL $2485 scalping ( Asian and European trading sessions )
TP1: $2495
TP2: $2502
TP3: $2510
🔥BUY GOLD zone: $2474 - $2476 SL $2469
TP1: $2485
TP2: $2500
TP3: $2510
🔥SELL GOLD zone: $2530 - $2532 SL $2537
TP1: $2520
TP2: $2510
TP3: $2500
⭐️ 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
XAUUSD: Confirm support at 2480 before deciding on tradingGenerally speaking, after a sharp rise, if there is no special news, it will repeatedly step back to the support to determine whether it is possible to continue to rise. On the other hand, the current price is at a historical high, and it is hard to say that it will not fall by about $100 like the last time it broke through the historical high, so our transactions must be treated with caution.
If it continues to rise next, as mentioned above, it is necessary to determine where the support is.
From the 1-hour chart, the support below is far away, and only 2480 is an important support level. This is the previous resistance area and near the previous high of last month. At the same time, this support was also verified when it was stepped back last Friday. In addition, from the Fibonacci retracement of this rise, 0.618 is also at 2480.
After determining the support, we will know what to do next. Now the price is still at 2500. It is safe to wait for the support to be determined. If you are more aggressive, you can also make a small position Sell order before that. Once the support is determined, we can buy near 2480.
Gold Testing Rising Wedge Upper Trendline, will Dump frm Here???in this analysis , i m analysing gold chart on daily and 4hr. on daily there is rising wedge pattern gold yesterday tested upper trendline on the chart pattern. on lower-timeframe we can see reaction bt as we seen gold is going parabolic frm few months, things may go very wild frm here
Gold could continue its riseLast week was marked by significant volatility in gold prices, with fluctuations amounting to hundreds of pips. However, on Friday, the bulls took full control, driving the price above the important milestone of 2500.
Currently, the price is undergoing a minor correction and consolidation phase. I expect it to resume its upward trend once this period concludes. The 2480 zone offers strong support, and any dips into this area should be considered buying opportunities.
The first target could be set at Friday's high of 2510, with a second target at the 2520 zone, which aligns with the measured target for the recent small triangle pattern.
XAUUSD: Continue to go long after the gold price pulls back.Strong support position 2458-2464.
The first buying point is around 2370.
The second buying point is around 2464
The third buying point is around 2458.
The upper space. Without the influence of the dominant news, the target is 2480. If there is a positive impact of the dominant news, the target is 2500. COMEX:GC1! OANDA:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
Gold short If the new record high of $2,510 is reclaimed on a sustained basis, the next relevant topside target is seen at the $2,550 level. Acceptance above the latter could challenge the $2,600 round level en route to the triangle target, measured at $2,660.
In light of the dovish Fed expectations, Gold price rallied to a fresh record high of $2,509 on Friday, further supported by rife tensions in the Middle East. An imminent Iranian attack on Israel loomed, as Hamas mulled over ceasefire talks with the latter.
Gold now buy 2501
Target 2510
Target 2530
SL 2480
Make it easy to make money trading gold
#xauusd
Today is August 19, 2024. Monday.
Last Friday, gold broke through a record high. I also circled the price for everyone before gold rose. It was perfect.
Today, I still give you some trading prices for your reference:
It will be profitable whether you sell or buy
Sell:
xauusd sell 1: 2418-2422
xauusd sell 2: 2429-2432
Buy:
xauusd buy1: 2492-2396
xauusd buy2: 2477-2381
You can trade and profit according to these prices. Please don't be greedy. There are many trading opportunities.
If you like my analysis and signals, or use the signals to make a profit. Please like me and join me
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RALLY BASE RALLY GOLD IS STILL RUNNING ON BULLISH 2650?RALLY BASE RALLY GOLD IS STILL RUNNING ON BULLISH
There Will Be A Small Correction Gold Next Week And Again Will Fly High As The Price Action. Gold Has Break The Major Resistance Level Last Friday So Potentially Gold Can Reach 2650 Level Before Fall.
Daily Candle Has Closed Strongly And Also The Weekly Candle.
Xauusd long Target Gold retreats after setting a new record high of $2,500
Gold stages a technical correction and trades below $2,490 after setting a new record high of $2,500 earlier in the day, boosted by falling US Treasury bond yields. Profit-taking could ramp up the volatility heading into the weekend.
Gold is pulling back from the range ceiling it was pushing up against for most of the earlier part of the week. The short-term trend is probably sideways and, given “the trend is your friend”, is more likely than not to extend in that direction – oscillating within its range.
Gold appears to have begun a fresh down leg within the range. It will probably now move down to $2,400, perhaps even reaching the range floor in the $2,390s. Due to the fact the range is tapering slightly, it might also be seen as a triangle pattern in the latter stages of development. A break below $2,432 (August 15 lows) would help provide additional bearish confirmation the down leg was evolving.
Gold now sell 2506
Target 2495
Target 2480
Target 2450
SL 2530
Will gold rise to 2530 today?
If gold breaks through 2498, then the price that gold will gradually break through is
1/2505-2507 (if the price does not stop rising, it will continue to break through)
2/2518-2523, you can try to sell a small amount at this price
3/2530-2533 I think the highest point of the price if it continues to rise today
You can trade according to this price range
Bitcoin's Golden Opportunity Lost? Bitcoin's price has been struggling to gain traction, even as traditional safe-haven assets like gold have surged to unprecedented heights. The yellow metal recently eclipsed the $2,500 per ounce mark for the first time ever, a testament to its status as a hedge against economic uncertainty and inflation. In stark contrast, Bitcoin has been trading sideways, raising questions about its suitability as a digital gold.
The divergence between Bitcoin and gold is a stark reminder of the challenges facing the world's largest cryptocurrency. While often touted as a digital equivalent of gold, Bitcoin's price behavior has not mirrored the precious metal's performance. This disconnect has fueled skepticism among investors who once saw Bitcoin as a reliable store of value.
Gold's rally is underpinned by a confluence of factors, including geopolitical tensions, inflationary pressures, and a weakening US dollar. These conditions typically drive investors towards safe-haven assets. However, Bitcoin has failed to capitalize on this trend, suggesting that it may not be as immune to broader market forces as many had hoped.
Some analysts attribute Bitcoin's underperformance to a combination of factors, including regulatory uncertainty, the ongoing bear market, and the lack of clear catalysts for price appreciation. The cryptocurrency market has been plagued by volatility, and Bitcoin has not been immune to these fluctuations.
Despite the recent price weakness, Bitcoin remains a divisive asset. Bullish investors continue to believe in the long-term potential of the cryptocurrency, citing its underlying technology and the growing adoption of digital assets. They argue that the current downturn is a buying opportunity and that Bitcoin will eventually resume its upward trajectory.
However, skeptics contend that Bitcoin's price is largely driven by speculation and that the cryptocurrency lacks the intrinsic value of gold. They point to the fact that Bitcoin is a relatively new asset class with a limited track record, making it a risky investment.
As the crypto market continues to evolve, the relationship between Bitcoin and gold will be closely watched. If Bitcoin fails to demonstrate its ability to function as a reliable store of value, it could face challenges in attracting institutional investors and gaining widespread acceptance as a legitimate asset class.
Ultimately, the future of Bitcoin remains uncertain. While the cryptocurrency has the potential to disrupt the financial system, it must overcome significant hurdles to realize its full potential.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
Gold- Strong volatility, no trend change thoughYesterday was another highly volatile day for Gold. After initially breaking above the 2460 resistance and reaching a high of around 2470, the price dropped sharply to a low of 2433. Following an hour and a half of intense fluctuations, the price settled in the middle of the range.
Despite these strong moves, the overall trend remains bullish, and I still anticipate a new all-time high and a break above 2500. However, this scenario could be delayed if there is a daily close below 2430.
ATH Again? 2500 With Fundamentals?ATH Again? 2500 With Fundamentals?
On Going Situation Is Clearly A Strong Bullish Scenario On Gold Yesterday Gold Has Rose The Price Again Back To 4H Supply Zone. But As I Can See Gold Will Not Stop Now. Maybe With PPUI There Will Be A Manipulated Selloff And A Massive Gain On Gold.
IRAN Has Call For A WAR Against Israel And Israel In On High Alert This News Will Be A Massive Volatile On Today US Session