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Xauusd(w)

Gold : Buy the dip is now ON...Gold finally breakdown the consolidation range in yesterday trading session and now trading under the support level (2640) which is going to act as resistance for now ...this is the correction that everyone was expecting, but retailer started crying early and now saying that the trend is reversed ,but higher time frame is still bullish , for any deep correction or reversal price need to breakdown 2550 on daily close. On price action ,price is now moving towards the weekly S2 (Near psychological support level :2600); If we watch the Volume distribution on daily time frame we can see a good support at 2570-90 area, so we can plan buy the dip at current price or on test of that high volume area. For Today the Focus is now shifts to the FOMC Minutes and we have to wait the market reaction on FOMC minutes also.
OANDA:XAUUSDLong
by iambalramkashyap
Warning: Gold may continue to declineHello everyone, it’s me, Alisa, again. Let’s analyze today’s gold price movements together! Gold has dropped to $2,640 per ounce. This decline occurred after U.S. employment data was released more positively than expected, raising investor concerns about the possibility of the U.S. Federal Reserve (FED) continuing to ease monetary policy. According to the 1-hour technical analysis, Alisa observes that gold is in a downward trend. If no factors support a reversal, the key support level of $2,640 could be broken. Investors need to closely monitor market developments to make timely decisions. What do you think about today’s gold price? Let me know!
OANDA:XAUUSD
by Alisa_Rokosz
EURUSD SHORT - 1H TIMEFRAMEFOREXCOM:EURUSD - 1H Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
2
Gold Losing Momentum: Is the Gold Rush Cooling Down?Hello everyone! A new week has begun. Today, let's join Alisa to forecast the gold price! The gold market today has recorded a slight decline after the U.S. September jobs report exceeded expectations. Specifically, the spot gold price dropped by 0.4% to $2,642.78 per ounce. The unexpected improvement in the U.S. labor market has reduced expectations that the Federal Reserve (Fed) will soon ease monetary policy, putting pressure on gold prices. This is considered one of the main factors influencing gold price movements in today’s trading session. Technical analysis shows that the 34.89 EMA has shifted to a downward trend. With the nearest support at 2,640, gold is currently attempting to recover and retest the resistance level at 2,647. However, if selling pressure continues to increase and gold closes below the support level of $2,640 per ounce, the downtrend is likely to be reinforced, opening up the possibility for deeper declines toward the next support zones. And you, what do you think about today’s gold price? Will gold rise or fall?
OANDA:XAUUSD
by Alisa_Rokosz
Gold : on Hold from last week ..What next?Last week gold printed a indecisive candle on weekly time frame ..the current price action formation is a tringle and price will remain indecisive under this formation ..For Intra day we have to wait for breakout (on confirmation) and then we can trade in direction of breakout...Last week we have seen a good bullish candle on DXY , and we have seen that gold remained under pressure due to that ...For this week also we can expect more higher level on DXY which can push the gold price in lower side ...In lower side we can plan buy trade near weekly S1 (2626) or at weekly S2 (2600 area). (Overall it's a buy the Dip scenario on Higher TF )
FX:XAUUSDShort
by iambalramkashyap
#XAUUSD:Will Further Escalation In Middle East Support The BullsGold was retested on Friday after USD data came out in support of the USD. The DXY rose back strongly, leading many USD pairs to melt heavily. Furthermore, the gold price dropped to the 2633 region and then retested a few more times before ranging between 2633 and 2658. Now, since the last three daily candles closed with strong wick rejections, we believe the price is likely to continue going up, up until 2730. Fundamentals and technical analysis support our view since the ongoing conflict in the Middle East is likely to worsen in the coming days. That will likely raise concerns among investors worldwide. If you like the idea, please like and comment. Let's discuss the idea in the comment box.Gold was reassessed on Friday following the release of USD data that favored the USD. The DXY experienced a significant increase, causing several USD pairs to decline sharply. Furthermore, the gold price fell to the 2633 region and underwent multiple retests before fluctuating between 2633 and 2658. Given that the last three daily candles closed with notable wick rejections, we anticipate a continued upward trend in the price, potentially reaching 2730. Our perspective is supported by both fundamental and technical analyses. The ongoing conflict in the Middle East is expected to escalate in the coming days, potentially generating increased investor apprehension worldwide. If you find this analysis valuable, please indicate your approval by liking and commenting. We encourage a constructive discussion of this concept in the comment section.
OANDA:XAUUSDLong
by Setupsfx_
2
XAU/USD Analysis: Sideways Range and Awaiting BreakoutGold (XAU/USD) is currently in a sideways consolidation phase on the H4 timeframe, with price oscillating between key levels. After reaching a recent high near $2,685, the price has now settled around the $2,640 - $2,650 range. The market is awaiting significant catalysts, including key US labor market data later this week, which could trigger a breakout from this tight range. Key Levels to Watch: Support : $2,630 - $2,640. This zone has acted as a floor, where buyers have previously stepped in. Resistance : $2,665 - $2,685. A breakout above this level could pave the way for further upside momentum. Strategy : While Gold is currently moving sideways, traders should wait for a confirmed breakout either above resistance for a long position or below support for a potential short. A bullish breakout could target $2,700, while a break below $2,630 could signal further downside towards $2,600. Trade Plan: Buy: On breakout above $2,665, targeting $2,685 and potentially $2,700. Sell: On breakdown below $2,630, targeting $2,600. With important economic data ahead, it's critical to monitor both technical setups and fundamental news, as they will likely influence the next move. OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD
FOREXCOM:XAUUSD
by Trading_Zone_3773
Gold : Still Sideways Gold is stuck in sideways range this week, Price wants to go in higher side and getting help from the middle east war but DXY limiting the upside potential and currently running with good pullback and seems like going to close the week with good gain and targeting 103 now.....gold also extends its sideways consolidative price move in a familiar range held since the beginning of the current week and trading with no clear direction ... Today is week closing and we have High impact data (NFP) Nonfarm Payrolls (NFP) report might influence expectations about the pace of the Fed rate-cutting cycle. This, in turn, will play a key role in driving the US Dollar demand in the near term and provide some meaningful impetus to the gold price ; and with the continues war news gold price remains within striking distance of the all-time peak touched last week. From a technical perspective, the range-bound price action might still be categorized as a bullish consolidation phase against the backdrop of the recent strong runup to the record peak.On the flip side, the weekly low, around the 2,630-2,624 area, which coincides with a short-term ascending channel resistance breakpoint, might continue to offer support and act as a key pivotal point. A convincing break below might prompt aggressive technical selling and drag the Gold price below the 2,600 mark : For today it's better to wait and watch till we see a range breakout (Broad range 2630-2670-72) after data and then we can open position accordingly.
FX:XAUUSD
by iambalramkashyap
Gold: “Bullish Pennant” lures XAUUSD buyers on US NFP DayGold prices are starting to rise, reducing weekly losses on the first positive day in three. This reflects a market shift toward the traditional safe-haven asset as investors remain cautious ahead of the US employment report for September, particularly the Nonfarm Payrolls (NFP) data. Buyers remain in control Even though gold has lacked momentum over the past two weeks, it is holding above the late September breakout from a four-month trend line resistance, which now acts as support. The XAUUSD also forms a “Bullish Pennant” pattern, attracting buyers. The rising RSI (14) indicates strength, but the sluggish MACD and pre-NFP jitters are holding back immediate movement in the precious metal. Key technical levels to watch Gold's immediate focus is on the bullish pennant's resistance line, currently near $2,665, which poses a challenge for intraday buyers. Above that, the recent all-time high of $2,685 and the $2,700 mark will attract bulls. If gold trades successfully above $2,700, it could target around $2,735, which is the theoretical goal of the pennant. On the downside, support levels are set at $2,638 and $2,635, thanks to the pennant's bottom line and a long-term resistance-turned-support. Further down, an upward-sloping support line from early August and the 200-SMA will provide additional support for XAUUSD near $2,580 and $2,560, respectively. Gold bulls can overlook pullbacks Although US employment data may pose challenges for gold buyers, several strong support levels make it tough for sellers to regain control. This suggests that bulls can stay confident, even if prices experience a pullback—unless there’s a significant drop below the 200-SMA.
OANDA:XAUUSD
by MTradingGlobal
Gold Maintains Its Upward Momentum Despite Inflation Concerns Hello everyone! How are you today? Let's join Alisa in analyzing the gold price! Although gold is showing signs of cooling down as some Federal Reserve (FED) leaders unexpectedly announced that bringing inflation back to the 2% target might take longer than expected, the safe-haven demand for the precious metal, amid escalating tensions in the Middle East, remains intact. Therefore, gold continues to maintain its stable upward momentum. The 1-hour technical chart analysis reveals a clear bullish reversal in the 34 and 89 EMA moving averages, reinforcing short-term bullish expectations for gold. The strong support level at 2,655 further solidifies this trend. With these positive technical signals, I predict that gold prices will continue to surge and aim for higher price targets during today's trading session. What about you? What do you think about the gold price today?
OANDA:XAUUSD
by Alisa_Rokosz
XAUUSD 1H BUY PROJECTION 03.10.24Reason for Bullish Several media outlets reported that Israel delivered a harsh response to the recent Iranian attack by bombing central Beirut in the early hours of Thursday. Lebanese security officials said that three missiles also struck the southern suburb of Dahiyeh, the place of Hezbollah leader Hassan Nasrallah's killing. Lebanese health officials also reported that multiple people were injured following Israel’s strike in Beirut. Iranian forces on Tuesday used hypersonic Fattah missiles for the first time and 90% of its missiles successfully hit their targets in Israel. Tehran said this attack was in response to Israeli killings of militant leaders and aggression in Lebanon against the Iran-backed armed movement Hezbollah and in Gaza. Despite the increasing risks of the Israel-Iran conflict turning into a wider regional war in the Middle East, Gold price is struggling to capitalize on the risk-off flows, as diminishing odds of a 50 basis points (bps) interest rate cut by the Fed in November keep the sentiment around the US Dollar underpinned at the expense of the non-interest-bearing Gold price.
FOREXCOM:XAUUSDLong
by kripsonfx97
Gold "Cools Down" After a Hot RallyHello everyone. Let’s analyze today’s gold price together! Gold prices have slightly decreased today, pausing after gaining more than 1% in the previous session. The upward momentum of gold appears to be stalling, and the market is now "waiting" for U.S. labor data and speeches from several Federal Reserve (Fed) officials to gain more insight into the agency's policy stance. Looking at the technical chart, selling pressure on gold is steadily increasing. Gold is fluctuating around $2,655 per ounce and showing signs of weakening. Support at $2,647, which was once expected to be a strong point for gold's recovery, has now become fragile. The 34 and 89 EMAs are forming a significant barrier, preventing gold from rising. In fact, the possibility of gold breaking below the $2,647 support level and dropping further in the short term is entirely plausible. Gold prices are currently in a tug of war with many influencing factors. What do you think about today’s gold price?
OANDA:XAUUSD
by Alisa_Rokosz
Gold remains close to record high Gold remains close to record high and yesterday gold price rallied over 1% and the main reason for this rise is geopolitical uncertainty, driving risk aversion and boosting safe-haven demand for OANDA:XAUUSD ongoing tensions keep bullish momentum alive for new record highs, An escalation of the Middle East conflict could pave the way for higher prices. Although momentum favors buyers, also daily CPR moving into ascending side and also price trading above weekly pivot: but the Higher Time frame looks like in Sideways (2685-2630). 🔵 For Intra day Buy : Wait for breakout on 2670-72 area towards 2685 or higher level if breakout from recent ATH level. 🔵 For Intra day sell : Very risky to sell as due to geopolitical scenario but technically if price drops below 2,652-50 (breakdown CPR on H1 or H4) , the door opened to testing the recent low around 2630. 🔵 For Swing trade : Buy the dip is still valid
FX:XAUUSD
by iambalramkashyap
Iran Attacks Israel, Investors Flock to GoldHello everyone, it’s Alisa here again. I’m happy to share with you today’s gold price updates. Today, gold prices have unexpectedly surged after a period of "rest," driven by safe-haven demand amid concerns over escalating tensions in the Middle East, following Iran's launch of a series of ballistic missiles at Israel in retaliation for Israel's campaign against Hezbollah. This event has caused investor sentiment to panic, leading them to rush towards safe-haven assets like gold, pushing the precious metal to new highs Technical analysis shows that the upward trend in gold is still being maintained. With solid support at 2,630, the precious metal has the potential to gain new momentum. If it can break through the key resistance level of 2,666, gold will open the opportunity to set new highs and continue its strong upward momentum in the What do you think, how will gold prices fluctuate today?
OANDA:XAUUSD
by Alisa_Rokosz
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 marketwhich 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 breakC. 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
FX:XAUUSDShort
by tradergyan01
Real Reason of gold spike by 18 $ pre USA news release.As the news broke out by American new agencies, that Iran might be planning to strike down ISRAEL with ballistic missile, this led to investor hussle and seek either hedge their investments or seek alternative investments rather than being invested in dollars. Also NFP strikes up coming friday... so we need to keep our buy positions in line with current development. currently Gold is very high, so we need to wait for gold for seek a v shape depth fall and we should seek buying at lower lows. Gold clinched its third consecutive week of gains, reaching a fresh all-time high on Thursday. If bullish momentum persists, immediately to the upside emerges the $2,700 mark. Fed rate cut bets, geopolitical tensions continue to support the yellow metal. Gold (XAU/USD) extended its positive performance this week, hitting all-time tops in levels just shy of the $2,700 mark per ounce troy on Thursday. The rally in the precious metal remained propped up by, firstly, steady expectations of extra interest rate reductions by the Federal Reserve (Fed) in the upcoming couple of meetings and well into 2025, and secondly, incessant geopolitical concerns stemming mainly from the Middle East, while the Russia-Ukraine conflict also adds to the matter. Last but not least, contributing to the uptrend in bullion, also emerged the equally persevering offered stance of the US Dollar (USD). Next on tap… $3,000? As the US Dollar approaches its third consecutive week of losses, Gold prices are set to mark their third straight week of gains. Since late June, traders have continued to shift towards the non-yielding metal pari passu growing expectations of Fed interest rate cuts, which culminated in a significant 50-basis-point (bps) reduction at the Fed’s meeting on September 18. However, market participants did not seem quite satisfied with the Fed's outsized move. That said, investors still expect around 75 bps of easing by the central bank for the remainder of the year, according to the CME FedWatch tool. Looking at the longer run, investors expect between 100 and 125 bps of interest rate reductions by the end of 2025. Against this backdrop, it is not surprising that the yellow metal could have already embarked on a probable visit to the key $3,000 level, which will apparently hit sooner rather than later. However, the current overbought market conditions might call for some common sense, allowing some short-term corrective decline. At this point, and in light of the strong rally observed in Gold prices, a “purge” would be more than welcomed by those afraid of entering the market at current levels, at the same time giving another chance to those part of the fear of missing out (FOMO) space. Geopolitical effervescence continues to support the uptrend Another driver of the important move higher in the precious metal is the unabated geopolitical jitters surrounding the Israel-Hamas crisis, as well as the Russia-Ukraine conflict, which will likely enter its third year in February. The flight-to-safety adage comes to the fore every time news hits the wires about the deterioration of any of these scenarios, which unfortunately do not appear to be over any time soon. And the US Dollar? The Greenback has been on a firm bearish leg since July, accompanied by increasing speculation of extra monetary policy easing by the Fed. Now that the central bank has started its rate cut cycle, and with inflation kind of firmly navigating towards the 2% target, hopes for a sustained recovery of the US Dollar seem to dim on a daily basis, at least in the near future. Gold technical outlook As we mentioned above, Gold’s current overbought conditions, as per the daily RSI around 75, leave the door open for a near-term correction. However, the constructive outlook appears to be everything but abated. That said, there is an immediate up-barrier at the record peak of $2,685 (Thursday’s high) and the round-level of $2,700. Once this level is surpassed, the Fibonacci extensions of the 2024 uptrend emerge at $2,876, seconded by $2,975 and then $3,119. Let’s say sellers regain some initiative. In this scenario, there is an initial contention at the weekly low of $2,546 (September 18), which comes ahead of the September low of $2,471 (September 4) and precedes the transitory 100-day SMA at $2,428. From a technical perspective, the metal’s positive outlook should remain unchanged as long as it trades above the key 200-day SMA at $2,288. Economic Indicator Nonfarm Payrolls The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics (BLS). The monthly changes in payrolls can be extremely volatile. The number is also subject to strong reviews, which can also trigger volatility in the Forex board. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish, although previous months' reviews ​and the Unemployment Rate are as relevant as the headline figure. The market's reaction, therefore, depends on how the market assesses all the data contained in the BLS report as a whole. Next release: Fri Oct 04, 2024 12:30 Frequency: Monthly Consensus: 145K Previous: 142K Source: US Bureau of Labor Statistics
FX_IDC:XAUUSD
by XAUUSDANALYST
2
Gold Still Holding the Ground Gold return/Bounced from the first Re-loading area that I Marked in Monday update , the recent bounce also triggered due to war news: In today's morning update I was expecting more correction but bulls getting help from ongoing war news: Now if we watch the H4 timeframe we can see that the current correction is turning the chart into sideways range (2685-2630) and we have to wait for breakout from this range for clear direction : Shorting on war news can be dangerous so we have to wait for a breakout from support area or resistance area for next move.
OANDA:XAUUSD
by iambalramkashyap
XAUUSD 1H SELL PROJECTION 01.10.24Reason for sell Central banks hold paper currencies and gold in reserve. As central banks diversify their monetary reserves (away from the paper currencies they accumulate and into gold) the price of gold typically rises. Many of the world’s nations have reserves that are composed primarily of gold. Bloomberg reported that global central banks have been buying the most gold since the United States abandoned the gold standard in 1971, with 2019 figures dipping just modestly from 2018’s 50-year record. 4 After a downtick in central bank gold purchases in 2020, the pace picked up again in 2021 and surpassed the 50-year record again in 2022. 2023 also saw a significant growth in central bank gold reserves. 5 6 7 The top gold buyer in 2022 was the central bank of Türkiye, followed by Uzbekistan, India, and Qatar. The top gold buyers in 2023 were China, Singapore, and the Czech Republic. 7 8 9 Silver Bullion. "Top 5 Countries That Were Net Buyers of Gold in 2023."
FXOPEN:XAUUSDShort
by kripsonfx97