#XAUUSD/H1 Strong upward momentum, establishing a new peak.Trading trend analysis for September 9, 2024:
After creating a candle wick on the M timeframe, the gold price has closed with a strong wick on the D and W timeframes. The gold price has not yet surpassed the peak of 2531; however, it is certain that the gold price will exceed this peak to reach levels of 2538-2542, 2548-2553, or 2565-2570.
The trading trend will be BUY.
Key price zones to note:
BUY zone: 2482-2485 and 2494-2496.
SELL zone: 2505-2508 and 2522-2525.
Recommended orders:
Plan 1: BUY XAUUSD zone 2482 - 2484
SL 2479
TP 2490 - 2500 - 2510 - 2525.
Plan 2: BUY XAUUSD zone 2494 - 2496
SL 2491
TP 2500 - 2505 - 2515 - 2525.
Plan 3: SELL XAUUSD zone 2523 - 2525
SL 2528
TP 2520 - 2515 - 2505 - 2495.
Goldtradingstrategy
#XAUUSD/H1 Strong increase or continued adjustment?Analysis of the XAUUSD gold trading trend for the European-American session on September 6, 2024:
Currently, the gold price is in a sideways range of 2500 - 2530, and the trading trend will be determined once this range is broken. However, in the long term, the gold price is still in an upward trend. This could be an accumulation zone aiming for a price of 2700 by the end of 2024 and early 2025. If the area of 2526 - 2531 is broken, the price will create a new peak in the range of 2548 - 2552, or even 2563 - 2567; if it does not break, the price may adjust down to the range of 2499 - 2504 or 2490 - 2495.
Today's trading trend: BUY.
Recommended orders:
Plan 1: BUY XAUUSD zone 2501 - 2503
SL 2498
TP 2506 - 2512 - 2520 - 2565.
Plan 2: BUY XAUUSD zone 2490 - 2493
SL 2488
TP 2498 - 2505 - 2515 - 2565.
Plan 3: SELL XAUUSD zone 2527 - 2529
SL 2532
TP 2522 - 2515 - 2510 - 2500.
Wishing you successful trading😘😘😘😘😘
#XAUCreate a virtual peak, drop deeply, or surpass the old peak?Gold XAUUSD Analysis for the European - American Session on September 5, 2024:
The gold price on September 4, 2024, experienced significant fluctuations, yet it remains consistent with the previous bottom zone of 247x. After confirming the sell-off, gold rebounded strongly. However, the current upward momentum is still insufficient; a buildup is needed in the 245x - 246x area, or even 244x.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2512 - 2515, 2520 - 2524.
BUY zone: 2489 - 2494, 2477 - 2482, 2460 - 2466.
Recommended orders:
Plan 1: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2480 - 2460.
Plan 2: SELL XAUUSD zone 2524 - 2526
SL 2529
TP 2520 - 2510 - 2500 - 2460.
Plan 3: BUY XAUUSD zone 2457 - 2460
SL 2454
TP 2464 - 2475 - 2490 - 2565.
#XAU End of short-term adjustments, continuing the upward trend.XAUUSD Gold Analysis for September 4, 2024:
Yesterday, September 3, 2024, the gold price adjusted down as anticipated, currently forming a bottom at 2473, with two bottoms appearing on the H4 chart, indicating a high likelihood of creating a new peak and continuing the upward trend.
Tonight, there will be news on the "FED interest rate decision," which will support a rise in gold prices. (There is a 69% chance of a 25-point decrease and a 31% chance of a 50-point decrease).
Today's trading trend: BUY.
Key price levels to watch:
BUY zone: 2483 - 2486 and 2475 - 2478.
SELL zone: 2499 - 2503 and 2510 - 2513.
Recommended orders:
Plan 1: BUY XAUUSD zone 2484 - 2486
SL 2481
TP 2489 - 2495 - 2500 - 2511 - open.
Plan 2: BUY XAUUSD zone 2475 - 2477
SL 2472
TP 2480 - 2490 - 2500 - open.
Plan 3: SELL XAUUSD zone 2510 - 2512
SL 2515
TP 2505 - 2500.
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
#XAUUSD/H1 Adjust down or continue to move sideways?Gold XAUUSD trend analysis for September 3, 2024:
The gold price on September 2, 2024, did not break the previous sideways range. Currently, short-term investor confidence mostly predicts a deep correction towards the 243x - 244x area, followed by a continuation of the long-term upward trend. If the 248x area is broken, this correction will be officially confirmed. The PMI news tonight will determine whether there will be a downward adjustment.
Today's trading trend: SELL and wait to hold BUY at lower price levels.
Key price areas to pay attention to:
SELL ZONE: 2503 - 2508, 2517 - 2522, 2527 - 2531.
BUY ZONE: 2477 - 2482, 2460 - 2465, 2440 - 2444.
Recommended orders:
Plan 1: SELL XAUUSD zone 2503 - 2505
SL 2509
TP 2500 - 2495 - 2480 - 2440.
Plan 2: SELL XAUUSD zone 2517 - 2519
SL 2523
TP 2512 - 2500 - 2490 - 2440.
Plan 3: BUY XAUUSD zone 2440 - 2443
SL 2437
TP 2450 - 2480 - 2520 - 2565.
#XAUUSD/H4 Crossing the peak area, accumulating or adjusting?Trading trend analysis for the week of September 2 - September 6, 2024:
As per our daily analysis, the gold price is currently moving within the sideways range of 2490 - 2530, and there are no signs of a breakout from this area yet. However, the new week will bring the "FED interest rate decision," which could be significant news that helps break this sideways range. My prediction is that September will be a very challenging month for trading due to the poor W and M candle patterns.
The trading trend for next week will be BUY.
Key price areas to note:
BUY zone: 2480 - 2485, 2490 - 2495, 2510 - 2515.
SELL zone: 2526 - 2531, 2537 - 2542, 2548 - 2553.
Recommended orders:
Plan 1: BUY XAUUSD zone 2490 - 2492
SL 2487
TP 2495 - 2500 - 2515 - 2537.
Plan 2: BUY XAUUSD zone 2483 - 2485
SL 2480
TP 2490 - 2500 - 2515 - 2537.
Plan 3: SELL XAUUSD zone 2539 - 2541
SL 2544
TP 2535 - 2525 - 2500 - 2465.
Golden Indicator Level-XAUUSD 2524.50 to 2548....24 pts 1% Gainxauusd buy above only 2524.50
Stop 2520 .....4.50 pts ... if sl hit reenter same level applicable
Tp1..........2531....6.50 pts
Tp2..........2540....15.50 pts...all time high
Tp3..........2548+...24pts.... near 1% gains
This level based on Golden Indicatior and only for education purpose
Current Gold Movement AnalysisGold structure in the Asian session on August 29.
After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area.
Pay attention to trading in the 2818-2511 zone in the Asian session
Trading gold signals 28/8☘️Fundamental Analysis
Gold prices lost steam amid a modest recovery in the US dollar (USD) on Wednesday. However, escalating geopolitical tensions in the Middle East could help limit losses. In addition, US Federal Reserve (Fed) Chairman Jerome Powell's speech at the Jackson Hole symposium last week, signaling that it was "time" to start cutting interest rates, could support the precious metal as it reduces the opportunity cost of holding non-interest-bearing assets.
Investors will pay closer attention to speeches by Fed officials Christopher Waller and Raphael Bostic on Wednesday for some hints on the path of US interest rates. Attention will also turn to preliminary data on US annualised GDP for the second quarter (Q2) and the Personal Consumption Expenditures (PCE) price index, due on Thursday and Friday. Better-than-estimated results could lift the US Dollar (USD) and limit upside in USD-denominated Gold prices.
☘️Technical analysis
Gold is retreating from the closing level of 2424, currently gold is approaching the important area of 2509. When breaking this area, lower areas can pay attention to trading in the European session around 2503-2495. Today, the main plan is to wait for buying to break ATH. On the contrary, if the price pushes to 09 and does not break, you can buy in the 09 area. If you cannot break this area in the European session, you can close the order. The candle closes above 2020 after the European session ends, consider finding a recovery point for DCA to buy the target to break ATH.
Wish you a successful transaction.
SELL scalp zone 2530 - 2532 stoploss 2536
SELL zone 2545 - 2547 stoploss 2551
BUY scalp zone 2496 - 2494 stoploss 2490
BUY zone 2485- 2483 stoploss 2480
POSSIBLE GOLD MOVE WITH 1:10 RISK REWARD AT SUPPLY ZONEGOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
ALL THE SETUPS ARE JUST FOR EDUCATIONAL PURPOSE
A. Volumes showing buyers are showing intrest .
and shock zone going to break
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
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.
#XAUUSD/H1 Weekend trading trends. Opportunities and risks ?Forecast for 8/23/2024:
Gold is expected to continue its correction, with a high likelihood of further adjustment. Frame D has shown a reversal, presenting an opportunity for short selling and preparing for a strong rise after the completion of gold's momentum.
The trading trend for today is SELL.
Key price levels to watch:
SELL zones: 2497 - 2500 and 2508 - 2511. BUY zones: 2473 - 2476 and 2450 - 2454.
Recommended orders:
Plan 1: SELL XAUUSD zone 2497 - 2499
SL 2503
TP 2494 - 2485 - 2475 - 2450.
Plan 2: SELL XAUUSD zone 2509 - 2511
SL 2515
TP 2500 - 2490 - 2480 - 2450.
Plan 3: BUY XAUUSD zone 2473 - 2475
SL 2469
TP 2480 - 2490 - 2495.
Is it still possible to adjust to 2435 and 2450 beats per minuteAnalysis of the gold trend in the Europe - America session on August 22, 2024:
The analysis from yesterday was completely accurate as gold has confirmed the current peak at 2531. The deep correction trend continues, albeit slowly, due to political situations and investor sentiment. Today, there will be news affecting USD and GOLD, leading to the possibility of establishing new peaks before further adjustments.
The trading trend for today is SELL.
Key price areas to watch:
SELL zone: 2517 - 2523, 2525 - 2527, and 2538 - 2541.
BUY zone: 2500 - 2503 and 2494 - 2497.
Recommended orders:
Plan 1: SELL XAUUSD zone 2517 - 2519
SL 2523
TP 2514 - 2505 - 2495 - 2450.
Plan 2: SELL XAUUSD zone 2525 - 2527
SL 2531
TP 2520 - 2510 - 2500 - 2450.
Plan 3: BUY XAUUSD zone 2500 - 2502
SL 2496
TP 2507 - 2515 - 2520.
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:20 RISK REWARDGold trying to break the rectangle zone to Down side
With huge sellers power
A short term 15m tradeing setup showing on gold
Selling setup
With a risk reward ratio of 1:20
The setup giving clarity to SELL
Selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
BTCUSD SHOWING A GOOD D
UP MOVE WITH 1:20 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
GOLD SHOWING A GOOD UP MOVE WITH 1:10RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
#XAUUSD/H1 Confirm the two-peak model or continue to increase?Gold XAUUSD analysis on August 20, 2024:
Following the start of the trading week on Monday, prices remain sideways in the 2500 - 2510 range. This correction phase is likely forming a double top pattern at H1; breaking through the 2477-2480 range would confirm the pattern. Currently, there is a small overbought area at 2508 - 2513.
Today's trading trend is SELL.
Key price levels to note:
SELL zone 2510 - 2516, 2526 - 2530;
BUY zone: 2490-2493, 2477 - 2482.
Recommended orders:
Plan 1: SELL XAUUSD zone 2514 - 2516
SL 2522
TP 2508 - 2500 - 2590 - 2435.
Plan 2: BUY XAUUSD zone 2490-2492
SL 2486
TP 2495 - 2500 - 2510.
Plan 3: BUY XAUUSD zone 2480 - 2482
SL 2476
TP 2488 - 2495 - 2510.
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
A decending triangle patterns showing on XAUUSD WITH 1:10 RRA decending triangle patterns showing on XAUUSD
A short term 15m tradeing setup showing on gold
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
A decending triangle patterns showing on XAUUSD
A short term 15m tradeing setup showing on gold
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SEUP
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD CPI NEWS SETUPSURESHOOT SETUP CPI news tradeing
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
CPI NEWS SETUP
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you