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XAUUSD 4H SWING SELL PROJECTION 13.09.24Technical Reason for Gold Sell You're looking for technical reasons to sell gold. Here are a few: 1. Overbought conditions: If gold's Relative Strength Index (RSI) exceeds 70, it may be due for a correction. 2. Trend line break: A break below a key trend line, like the 50-day moving average, could signal a sell. 3. Chart patterns: A head and shoulders pattern or a double top could indicate a reversal. 4. Fundamental changes: A strengthening US dollar, rising interest rates, or improved economic conditions could reduce gold's appeal. Keep in mind that technical analysis is not foolproof, and it's essential to combine it with fundamental analysis and market news. Would you like more information on gold trading?
OANDA:XAUUSDShort
by kripsonfx97
2
XAUUSD/GOLD NFP NEWS FORCAST 06.09.24The Non-Farm Payrolls (NFP) report is a monthly US labor market indicator that measures the number of jobs added or lost in the previous month. The NFP report is released by the Bureau of Labor Statistics and is usually available on the first Friday of each month. The NFP report is a significant economic indicator that can have a big impact on the global financial markets. Here are some reasons why the NFP report is important: Forex market The NFP report is one of the most significant news announcements in the foreign exchange (forex) market, causing large movements in the market. Interest rate policy The Federal Reserve pays close attention to the NFP report when setting interest rate policy. Economic expansion Increasing NFP numbers may indicate economic expansion, but they may also be a sign of inflation. Economic concerns Decreasing NFP numbers may indicate broader economic concerns. There are two ways to trade the NFP report: Before the release Use deductive reasoning to predict the market's direction before the NFP number is released.
FXOPEN:XAUUSD
by kripsonfx97
XAUUSD GOLD AT MAKE OR BREAK LEVEL!!FOREXCOM:XAUUSD XAUUSD (GOLD) Analysis Current Market Price (CMP): 2503.44 Time Frame: 15 minutes Market Outlook: Gold is currently positioned near a critical level, with potential for further upward movement. A key resistance level at 2505 may be tested. If the price holds above this level, there is potential for further gains towards 2510, 2515, 2520, 2525, 2530, and 2545. Key Levels to Watch: Resistance Levels: 2505, 2510, 2515, 2520, 2525, 2530, 2545 Support Zone: 2499 - 2497 Potential Buying Opportunity: Around 2499 to 2497 Major Support Level: 2495 A break below this level could lead to a bearish move towards 2487. If 2487 is broken, the setup may turn bearish for the upcoming week. Conclusion: Traders should mark these levels on their charts and be prepared for both bullish and bearish scenarios. Consider buying near the support zone between 2499 and 2497 for potential upside gains, while keeping an eye on 2487 as a crucial level for potential bearish reversal. Disclaimer: This analysis is for educational purposes only and is not financial advice. Please conduct your own research before making any trading decisions.
FOREXCOM:XAUUSDLong
by ThirstyBull
Gold Moving to All Time High.Hello everyone! Please see our updated 4H chart Levels and targets for the up coming week. We are seeing price between 2513 resistance and 2500 as support. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. we will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. BULLISH TARGET 2530-2550 WILL OPEN THE FOLLOWING BULLISH TARGET 2570 2600 BEARISH TARGET 2500 AND OPEN BEARISH TARGET 2470 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr GOLD MrHappiness FOREXCOM:XAUUSD
FOREXCOM:XAUUSDLong
by MrHappiness
3