XAUUSD 1H BUY PROJECTION 17.09.24XAUUSD can be influenced by global news and economic data releases, but its price does not fluctuate as rapidly as that of stocks, cryptocurrencies and other risky assets. In times of economic uncertainty, investors use gold to save their funds. Knowing their funds are safe.
Xauusdlong
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?
Update plan GOLD
"Gold has currently formed a Local Reaccumulation.
It has left a few LPS at levels: 2508 and 2520.
At the moment, gold might push a few more points with the purpose of sweeping SELL liquidity.
I expect wave 3 of this upward movement to extend to 2577 - 2580, followed by a short-term correction.
The condition to maintain the upward trend is to hold the key support at 2500!
On Friday, the 13th, trade carefully and manage your capital!"
Golden Indicator based 1%gain Xauusd 2520 to 2550...30pts TargetBuy Condition
Xauusd buy above 2520
stoploss 2513...........7 pts
Tp1.......................2530.....10pts
Tp2.......................2546.....26pts 1 % gain...All time high
Tp3.......................2550......30 pts
This level based on Golden Indicator and education purpose only
Current mkt price : 2513
Golden Indicator based signals Xauusd 2499 to 2515..16 pointsXauusd buy above only 2499.25
stoploss 2493.50.....6 points
Tp-1................2503.....4points
Tp-2................2509.....9.50 points
Tp-3.................2515.....16 points
This level based on Golden Indicator and education purpose only
Golden Indicator level Xauusd New All Time Hig 2519.50 to 2540++Buy Condition above only 2519.50
Current price running 2513.70
Buy above...... 2519.50
Stoploss........ 2512......7 pts
Tp-1..............2523.50......4 pts
Tp-2...............2528.50......9 pts
Tp-3................2535.........14 pts
Tp-4................2540.........20 pts
This level based on Golden Indicator and education purpose only
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.
XAUUSD/GOLD 1H BUY PROJECTION 06.09.24The behavior of gold around the 20-Day line, along with the bull breakout of the triangle, the accompanying long-term bull trend breakout to new record highs, followed by a minor pullback that holds above key support, are all bullish technical signs. They point to an eventual continuation of the bull trend
XAUUSD/GOLD 1H SELL PROJECTION 05.09.24Reason For Sell
Whether it's gold jewellery, coins, or bullion passed down through generations, selling inherited gold can provide immediate financial flexibility. This cash can be used for various purposes, such as paying bills, investing in other assets, or simply building up savings
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
XAUUSD 1H SELL PROJECTION 04.09.24The Union Budget's decision to reduce import duties on gold and silver has led to a significant drop in gold prices in India. While this presents challenges for existing investors who might face unrealized losses, it also opens opportunities for new investors to purchase gold at lower prices.6 Aug 2024
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.
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