Goldsignals
GOLD LONG !!!!!!My target is 1:3
Learn and do by yourself
Price has to move from these levels orelse
You might see a good correction and that gives opportunity for new buyers
One thing after fed announced rate cut market went up continuously so trapping scenario may start if this week bullishness fails.
Gold for the week 16th sep to 20th sep 2024.Gold is technically long above 2530.
Wait for a fall till 2560 and if it retraces and forms a green candle in 4hr time frame then buy above the high of the Candle
Sell below the low of the day candle close below 2530
Movement is based on FED's interest rate decision. My view is that FED may cut 0.50 basis point since the American economy is on the edge of falling into a recession.
Disclaimer.
The above views are my own and for educational purpose. You may do you own analysis before taking a position.
Golden indicator based Xauusd 23 pts targetCondition Buy above only 2491
Now price running 2488.70
Stoploss............2480.....11 pts
Tp-1................2498......7 pts
Tp-2...............2506......15 pts
Tp-3...............2514.... 23 pts
overall 1% gain chance oneside move only
This level based on Golden Indicator and Education purpose only
GOLD UPDATE INTRADAY TODAY
#Gold Range Prediction from Today 23/08/2024 is as under.
Gold Spot : 2480$-2530$
Gold INR : 71200-72250
It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price.
Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry.
These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
Gold Analysis August 16Fundamental Analysis
The US economic data was stronger than expected and the market is anticipating that these data could affect the extent of the Federal Reserve's interest rate cut. The US dollar and US bond yields rose, making it difficult for gold prices to rise.
The latest data released by the US showed that the core consumer price index (CPI) in July, which is a price index excluding food and energy costs, fell to its lowest level since early 2021 compared to the same period last year. This shows that inflationary pressures have eased, supporting the Federal Reserve to cut interest rates next month.
In particular, a report from the US Department of Labor showed that the number of new Americans filing for unemployment benefits last week fell to a one-month low.
As a non-interest-bearing asset, gold prices tend to rise when interest rates fall. As inflation slows, expectations of a Federal Reserve rate cut will increase, further boosting the appeal of gold. Additionally, gold purchases by central banks around the world have also become a reliable support for gold prices.
Apart from monetary policy, geopolitical uncertainty has also been a major factor driving demand for gold. Tensions in the Middle East and the conflict between Russia and Ukraine have increased the appeal of gold as a safe-haven asset.
Technical Analysis
From a technical perspective, the overnight failure near the $2,470 resistance level makes it prudent to wait for some follow-through buying before positioning for any further gains. With the daily chart oscillations holding in positive territory, Gold could then aim to break above the all-time highs around the $2,483-$2,484 zone hit in July and conquer the psychological $2,500 mark. A sustained strength above the latter would confirm a breakout above a month-old trading range and could be viewed as a fresh trigger for bullish traders, setting the stage for a further near-term upside move.
On the downside, the $2,447-2,445 horizontal zone now looks to protect the immediate downside ahead of the $2,430-2,429 zone and the weekly low, around $2,424. Some follow-through selling could leave Gold vulnerable to further weakness below $2,400.
Resistance: 2475 - 2488 - 2500 -2509
Support: 2438 - 2333 - 2426 - 2421
Price ranges to note:
SELL zone 2473 - 2475 stoploss 2479
SELL zone 2498 - 2500 stoploss 2504
BUY zone 2438 - 2436 stoploss 2432
BUY zone 2426 - 2324 stoploss 2420
21TH JUNE GOLD PREDICTIONHere are some factors that might explain the sharp rise in gold prices on June 20, 2024:
US Federal Reserve Decision: The Federal Reserve announced that it would pause interest rate hikes for the foreseeable future, citing concerns over economic growth and inflation stability. This decision led to a drop in bond yields and a weaker US dollar.
Inflation Concerns: The latest CPI report showed inflation rising faster than expected, increasing demand for gold as an inflation hedge.
Geopolitical Tensions: Rising tensions between the US and China over trade policies created uncertainty in the markets, prompting a flight to safe-haven assets.
Stock Market Decline: The US stock market experienced a significant drop due to disappointing earnings reports from major companies, driving investors towards gold.
ETF Inflows: There was a notable increase in inflows into gold ETFs, reflecting heightened investor interest in gold.
Today we have strategy based on technical analysis
Sell zone: 2362- 2365
Stop Loss: above the zone
R:R = 1:3
Buy zone: 2330 - 2337
Stop Loss: Below the zone
R:R = 1:3
GOLD SETUP TRADE WIH 1:3 RISK REWARDGOLD SETUP TRADE WIH 1:3 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 30 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
GOLD SETUP TRADE WIH 1:3 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 30 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
GOLD IS BULLISH ABOVE 2325 till 2335 2340 2345.Good Morning Traders,
Till the time gold is moving above 2325
we can see more up levels 2335 22340 and 2345.
If Gold will break 2325 and sustain below then only
we can see 2310 2302 and 2298
Our preference is sell from high
Plan accordingly, Happy Trading 😉
19th JUNE GOLD PREDICTIONGiven the current market context where gold prices are influenced by China's buying patterns, and a forecasted decline in gold prices, the strategy will remain focused on selling within the specified zones. We will incorporate two sell zones with a unified stop loss point above both zones.
Sell Zone 1
Entry Point: 2336 - 2341
Sell Zone 2
Entry Point: 2348 - 2354
Risk Management
Calculate position size based on your risk tolerance and account size.
Use a maximum of 1-2% of your trading capital for each trade.
Monitor market conditions closely and adjust the strategy as needed.
17th JUNE GOLD PREDICTIONIntroduction:
This analysis focuses on a sell trade for gold, targeting the sell zone between 2336 and 2341. Our objective is to establish a trading plan with a risk-reward ratio of 1:1.5, ensuring disciplined and strategic trading decisions. Traders can enter a sell position anywhere within this zone.
Trade Setup:
We have identified a sell zone between 2336 and 2341. Traders are advised to enter a sell position at any point within this range, providing flexibility and allowing for market dynamics.
Sell Zone:
2336-2341
Risk Management:
Effective risk management is crucial for any successful trade. In this setup, we place our stop loss slightly above the upper limit of the sell zone to protect against adverse price movements. By setting the stop loss at 2343, we limit our risk regardless of the entry point within the zone.
11th JUNE GOLD PREDICTIONTo analyze the gold price scenario as described, with a focus on selling in the zone of 2325-2332 and a stop loss (SL) placed 5 points above this zone, it's important to consider several factors that influence gold prices, such as market trends, economic indicators, and geopolitical events. Here's a structured analysis:
Current Market Trends
Price Movement: As of your stated range (2325-2332), it seems you are looking at a relatively high point in recent price movements. It's crucial to examine the short-term and long-term trends to understand if the current price is at a peak or if it has potential to climb higher.
Volatility: The specified narrow selling zone and tight stop loss suggest that the market is possibly experiencing low to moderate volatility. However, it's essential to monitor volatility indices or historical price fluctuations to confirm this.
Technical Analysis
Resistance and Support Levels: The specified selling zone (2325-2332) should be assessed to determine if it aligns with key resistance levels identified through historical price analysis.
Gold price waiting for news tonight will increase sharply!Gold held at $2,370 per ounce on Friday, hovering at two-week highs, as investors await the US non-farm payrolls data due later in the day to assess the country’s economy’s health and seek cues on the Federal Reserve’s potential rate-cut timeline. The bullion is also set for its first weekly gain in three, as recent slew of labor market data bolstered expectations that the Fed might at least slash rates twice this year.
🔴SELL GOLD: 2399 - 2401, SL: 2405
🟢BUY GOLD: 2352 - 2350, SL: 2346
🔝Technical analysis: Yesterday, gold returned to test support + Trend H4 as expected and continued to increase strongly to the Sell area 2378-2380, in response falling another 10 prices.
Currently, the price range of 2380-2355 seems to be kept until Nonfarm tonight
⛔️Breakout:
📈 Breakout on: 2380 - 2400 - 2414
📉 Breakout below: 2350
🔼Support: 2351 - 2345 - 2340 - 2330
🔽Resistance: 2390 - 2400 - 2405 - 2414
GOOD LUCK EVERYONE👍
31ST MAY GOLD ANALYSISTo analyze the gold price scenario where it corrects before rising to target levels of $2,357 to $2,362, where a selling strategy could be implemented with a stop-loss (SL) of 5 points below the entry price, we need to consider several factors that influence gold prices. This includes technical analysis and market sentiments.
Technical Analysis
Trend Analysis: If gold prices are trending upwards, the correction might be a retracement in a larger bullish trend. Tools like Fibonacci retracement levels can help identify potential support levels during corrections.
Resistance Levels: The specified target prices ($2,357 to $2,362) must be analyzed within the context of historical resistance levels. If these prices have previously acted as resistance, they may do so again.
Volume and Momentum: Volume during the rise should be observed; increasing volume can confirm the strength behind the upward movement. Momentum indicators like the Relative Strength Index (RSI) or the MACD can provide insights into whether the gold price is overbought or oversold during these phases.
Moving Averages: Using moving averages (like the 50-day or 200-day) can help smooth out price data to identify the general direction of the market trend and potential reversal points.
Market Sentiments
Geopolitical Events: Events like economic sanctions, elections, or military conflicts can affect market sentiment and influence gold prices.
Economic Data: Releases such as inflation reports, employment data, and GDP growth can impact investor behavior towards safe-haven assets like gold.
Central Bank Actions: Decisions on interest rates or comments from central bank officials can lead to market movements.
Strategy Implementation
Entry Point: Determining the entry point during the correction phase is crucial. It should ideally be at a significant support level where the price is expected to rebound.
Stop-Loss (SL): Placing the SL at a price 5 points below the entry level is a risk management technique to minimize potential losses should the market move against your position.
Take Profit (TP): Setting the selling point at $2,357 to $2,362 based on prior resistance levels allows for profit realization before potential pullbacks.
Risk Management
Risk/Reward Ratio: Ensure that the potential reward justifies the risk being taken. A common approach is to aim for a risk/reward ratio of at least 1:2.
Position Sizing: Calculate the appropriate position size based on how much of your total capital you are willing to risk on a single trade.
Conclusion
Implementing this strategy requires monitoring the market closely for signs that support the hypothesis of a correction followed by a rise. Always be prepared to adjust the strategy based on new market data and economic indicators.
23rd May Analysis of Gold Price Overview
On May 22nd, the price of gold experienced a notable decline, falling from $2415 to $2375. This sharp movement could be attributed to various market factors, including economic data releases, changes in investor sentiment, or geopolitical events. As we look at the price action on May 23rd, gold is anticipated to retest the $2397-$2400 zone. However, there is a prediction that it may fail to establish a head and shoulders pattern, indicating potential future movements.
Technical Analysis
Price Decline on May 22nd:
Support and Resistance Levels: The sharp decline from $2415 to $2375 suggests that there was a strong resistance at the $2415 level, which sellers capitalized on, pushing the price down to $2375, a significant support level.
Volume and Momentum: It's crucial to analyze the trading volume during this decline. High volume on the way down indicates strong selling pressure, which might suggest a continuation of the downtrend if the buyers do not step in.
Retest of $2397-$2400 Zone:
Importance of the Zone: The $2397-$2400 zone is a critical area. If gold manages to break above this zone, it could signal a potential reversal or continuation of the uptrend. Conversely, if it fails to break through, it might indicate that the downtrend will persist.
Indicators to Watch: Pay attention to key technical indicators such as the Relative Strength Index (RSI), Moving Averages, and the Moving Average Convergence Divergence (MACD). These will provide insights into the strength and momentum of the price movement.
Head and Shoulders Pattern:
Pattern Characteristics: The head and shoulders pattern is a classic reversal pattern that signals a potential change in trend direction. A successful pattern consists of a peak (head) between two lower peaks (shoulders) and a neckline that connects the lows.
Prediction of Failure: If the price fails to break above the $2397-$2400 zone and does not complete the head and shoulders pattern, it could indicate that the bears are still in control. This failure might lead to further declines, potentially testing lower support levels such as $2350 or $2300.
Conclusion
The price action on May 23rd is crucial for understanding the future direction of gold. The retest of the $2397-$2400 zone will be a significant indicator of whether gold can regain its upward momentum or continue its recent downtrend. Traders should closely monitor the price action, volume, and technical indicators to make informed decisions. A failure to break through the critical zone and establish a head and shoulders pattern could signal further bearishness in the gold market.
GOLD ON 17TH MAY 2024Current Market Situation
Gold prices have been experiencing a bullish trend, recently approaching the resistance zone of 2397-2400. This movement is significant as it indicates a potential test of this critical resistance level.
Scenario 1: Immediate Upward Movement
In the first scenario, gold continues its upward trajectory and tests the 2397-2400 resistance zone. This scenario is plausible due to several factors:
Global Economic Uncertainty: Ongoing economic uncertainties, including inflation concerns, geopolitical tensions, and fluctuating interest rates, often drive investors towards safe-haven assets like gold.
Weakening Dollar: A weaker US dollar makes gold cheaper for investors holding other currencies, thus increasing demand and pushing prices higher.
Technical Indicators: Technical analysis may show bullish signals such as rising moving averages or positive momentum indicators, supporting the case for an immediate test of the resistance zone.
If gold successfully breaches the 2397-2400 resistance, it could signal a continuation of the bullish trend, potentially leading to new highs.
Scenario 2: Retracement to 2370 Before Rising
In the second scenario, gold experiences a retracement to 2370 before resuming its upward movement. This scenario can occur due to the following reasons:
Profit-Taking: After a significant rise, investors may take profits, causing a temporary pullback in prices.
Technical Resistance: The 2397-2400 zone may act as a strong resistance, leading to a short-term correction as the market digests recent gains.
Market Sentiment: Changes in market sentiment, such as positive economic data or policy shifts, could cause a brief decline in gold prices.
If gold finds support at 2370 and holds, it would likely attract buyers looking for an entry point, leading to a rebound and another attempt to test the 2397-2400 resistance zone.
Strategic Implications
For traders and investors, both scenarios offer potential opportunities:
Scenario 1: A break above 2397-2400 could be seen as a buying signal, with potential for further gains.
Scenario 2: A pullback to 2370 could be an opportunity to buy at a lower level, anticipating a rebound.
Risk management is crucial in both scenarios, with stop-loss orders and position sizing helping to mitigate potential losses.
Conclusion
Gold's price movement is influenced by a complex interplay of economic factors, technical indicators, and market sentiment. Monitoring these elements closely will be essential for making informed trading decisions. Whether gold continues to rise immediately or retraces to 2370 before moving up, both scenarios present potential trading opportunities in the current market environment.
XAUUSD SHORTFirst up all Thank you to everyone..,
now i fully completed SMC course with successful strategy...
We done a back test on that almost97% SUCCESS RATE...
Upcoming analysis based on that...
In GOLD we got weekly BUY CHOCH @01dec2023 (in Daily we got buy BOS)
And we got a HEAD AND SHOULDER formation @28dec2023(Daily)
1st buy correction 4H- sell CHOCH @17jan2024
2nd 4H-sell BOS @13feb2024
now the market @ 50% fibo of weekly of that sub-swing
In here we got 2 entry
2029(flip entry)
2031-2035 is the main sell entry
We took this entry bcz of our strategy works here..
IF THIS CROSS 2044
Next strong zone will be 2054(Flip entry)-2064(main entry)
i think it will RED ROSE soon
bcz 2044.5 is the H&S -trendline retracement
so this 2029-2032-2035 entry will be more strong one for sell
Targets based H&S (head top to neckline)
1st target 1986
2nd 38% target 1975
3rd 50% target 1950
4th 100% target 1860
BECARE FUL
DAILY sell CHOCH will be 1973 if cross and close down then only sell trend will be confirm in daily