"Gold's Danger Zones: Are You Prepared for the Next Move?"Gold Trading Analysis: Key Levels for Your Strategy
In this analysis, we focus on two critical levels for gold trading: 2665.624 and 2670.240. These levels are your danger zones, and you should only use them on the 15-minute timeframe.
Here’s how to approach it:
1. Breakout and Retest: Whenever you see a breakout at these levels on the 15-minute chart, wait for a retest before entering. This increases your chances of a successful trade.
2. Set Your Targets: After entry, aim for the next level as your profit target and enjoy the gains!
3. Avoid Large Candle Breakouts: If there’s a breakout with a large candle on the 15-minute timeframe, exercise caution. Such breakouts can lead to bigger stop-losses, increasing the risk of getting stopped out.
Your feedback is crucial! If you find my analysis helpful and are making profits by following these levels, please comment and let me know. Your support motivates me to provide more insights, so share how much profit you’ve made using these strategies!
Goldtradingstrategy
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.
XAUUSD SHOWING A GOOD BULLISH MOVE WITH 1:10 RISK REWARD XAUUSD SHOWING A GOOD BULLISH 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 Price Analysis September 25Fundamental Analysis
Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve.
Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors.
The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices.
Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal.
Technical Analysis
Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone
Trading signals
BUY GOLD zone 2650 SL 2645
BUY GOLD zone 2640 SL 2635
SELL GOLD zone 2670 SL 2675
SELL GOLD zone 2680 SL 2685
GOLD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:6 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 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 SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD XAUUSD 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
Is Gold HH confirmed ?Gold 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 .
Check my 4H analysis too which already shared.
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.
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
Gold for the week starting 9th September 2024Gold is on the downward trend in 1,2,3,4 hr time frame, but on uptrend in day time frame.
Seems to be in consolidation mode between 2460 & 2530. Break on either side will give 100 points.
Buy if one hour candle closes ABOVE 2511 for a target of 2522 to 2525
Sell around 2500 to 2505 for a target of 2465 to 2460.
Disclaimer: This is my own view and is only for educational purpose. please do your analysis before taking any position.
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
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.
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
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