Plan GOLD Short Term "I’m updating the gold plan.
I expect a short-term distribution phase, adjusted as in the chart. Currently, we are just at the UT phase (Phase B). We need to wait for gold to form a full range, which might complete by this Friday or the first half of next week.
In the smaller range (red zone), I’m also expecting a distribution phase to form (currently in Phase B, just beginning).
There might be UTAD moves (whether they happen or not). If not, we can get a SELL point around 81, 82. But if UTAD forms, it will likely hover around 92, 94.
For today’s trading, just trade within the red range (buy at the lower boundary, sell at the upper boundary).
The long-term trend is still up, I’m only expecting a short-term correction, not aiming for a SWING trade.
The desired zones to watch for opportunities: 2624 - 2560."
Xauusdshort
Plan trading XAU 23.09.20214➡️ Technical Analysis:
Over a long period of time, Gold has formed a reaccumulation structure, and based on cyclical timing, Gold has broken upwards, creating a SOS (Sign of Strength). I've discussed the cyclical nature of Gold in live sessions multiple times.
On the H4 chart, we can see that it has created a SOS, and currently, we have a Backup/LPS zone around 2523 - 2530 that hasn't been retested yet. It might not happen in the coming week, but Gold will soon return to retest this level.
On a smaller timeframe, like M15, Gold is also forming a reaccumulation range.
There is synchronization across timeframes, so I prioritize a BUY strategy with a full target for this week at 2644.
A key area to focus on is the Swap Point, which I’ve noted at 2600.
Pay attention as the price moves higher and breaks the ATH (All-Time High); there will be increasing selling pressure. If there are sharp drops with large volumes, avoid jumping in immediately. Wait for stable signals before entering trades!
Plan XAU 20.09.2024✔️ I think gold will move within a wide sideways range today. If you're looking to SELL, aim for the top at 2597 - 2598.
✔️ The lower points will be BUY zones. For these points, manage your capital carefully and gradually with every 1/2R, guys.
✔️ Gold's movement yesterday was quite surprising. Those who SOLD at the FOMC peak likely got stopped out, and the same for those who BOUGHT. This range is quite wide and difficult to trade, so make sure to trade with consistent and stable volume. Don’t double your position size out of frustration from a single stop-loss and let it affect your mindset!
✔️ It's Friday today, wishing you successful trading!
XAUUSD 1H SELL PROJECTION 19.009.24Reason for Sell
With the price reaching extreme levels, there may be a significant opportunity for sellers to capitalize on profit-taking and increased selling pressure. Traders may anticipate a decline as market sentiment shifts from bullish to bearish, especially if key resistance levels hold.
Update PLAN XAU After FOMCAs I have updated everyone on the Gold Plan through previous trading plans (check in the trading idea section). Currently, gold has reached the 2544 - 2548 zone and is showing a reaction, but I feel it is not very strong.
The FED's 0.5% interest rate cut could have a short-term impact.
At the moment, gold is forming a short-term distribution range, and for now, I will look for sell entries toward the BUY Swing zone - as shown in the chart!
"Update on the upcoming before the Fed - interest rate cutsMany people have asked me about my view on how the Fed's interest rate cuts will impact the market.
I have a few thoughts on this, but please note that these are just my personal opinions and should not be considered as trading recommendations!
In the chart, I’m displaying two lines:
- Red: Federal Funds Rate
- Blue: Unemployment Rate
If you look back at history, each time the Fed cuts rates, it typically coincides with economic troubles, although the signs may not be immediately apparent in the early stages.
Initially, Powell’s objective was to combat inflation and achieve a soft landing, but in his most recent speeches, the focus has shifted to stabilizing the economy. This indicates a change in the Fed's assessment of the economic situation, which concerns me as it suggests that we could be heading towards a recession.
History supports this perspective, as the unemployment rate is one of the clearest indicators of recession. Other accompanying metrics, such as GDP, also matter, but during this period, the CPI holds less value for assessing the economic landscape.
In my opinion, it’s just a matter of when the recession will occur. We’ll need to wait for a few key indicators over the next two to three months.
This article is meant for everyone to evaluate the current economic situation. The next article will update on asset classes like Gold, BTC, and stocks, and how they might perform during a recession."
Let me know if you need further assistance!
Update plan XAU before FOMC p.2"We can see that the level of 2560, which I identified yesterday, has been filled completely. Currently, the gold price is at...
Pay attention to the buy entry: 2544 - 2548, everyone! Stoploss: 2542.
If this order reacts strongly upwards, then move the stoploss to the entry point to break even and hold the position through today's FOMC."
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
Update PLAN XAU before FOMCCurrently, as I updated in last week's plan, gold is in a consolidation phase between the 2579-2590 zone. This is a fairly wide range, and it's highly likely that we will see continued sideways movement for the rest of today, potentially until the FOMC announcement.
I'm watching the following levels for scalping buy entries: 2548 / 2567.
In addition, there's a BUY swing entry at 2521
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.
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!"
CPI news: Will it reach a new peak or maintain a sideways range?Market analysis for XAUUSD trading on September 11, 2024:
The trading session on September 10, 2024, continued the upward trend of gold, with corrective movements unable to change the direction. However, the H4 timeframe is currently in a sideways range; the area between 2525 - 2531 remains very strong. It is highly likely that during the Asian session, this resistance zone will not be broken.
Today's trading trend is: BUY.
Key price areas to note:
BUY zone: 2500 - 2505 and 2510 - 2513.
SELL zone: 2525 - 2531 and 2538 - 2542.
Recommended orders:
Plan 1: BUY XAUUSD zone 2510 - 2512
SL 2507
TP 2515 - 2520 - 2525 - 2530.
Plan 2: BUY XAUUSD zone 2500 - 2502
SL 2497
TP 2505 - 2510 - 2515 - 2525.
Plan 3: SELL XAUUSD zone 2525 - 2527
SL 2530
TP 2522 - 2517 - 2512 - 2505.
Wishing you all a successful trading day.😘😘😘😘😘😘😘😘😘
XAUUSD DowntrendIntro Gold
Gold price hangs near daily low amid modest USD strength, cautious market mood lends support.
Gold price drifts lower for the second straight day amid reduced bets for a larger rate cut by the Fed.
An uptick in the US bond yields underpins the USD and further contributes to the intraday downfall.
Worries about an economic downturn in the US and geopolitical tensions should limit further losses.
Price Tag
Sell Gold Near $2505-$2509 SL 2513
TP $2496 >>>>>>>>>$2490>>>>>>$2480
XAUUSD/GOLD 30M BUY PROJECTION 09.09.24nternally, factors such as domestic demand, currency exchange rates, and government policies play a significant role in shaping gold's trajectory. For instance, a surge in demand for gold during cultural festivities or a weakening domestic currency can propel prices upwards
XAUUSD DOWNTRENDIntro Gold
Gold price continues to draw support from bets for a 50 bps Fed rate cut in September.
Falling US bond yields and softer USD also act as a tailwind for the non-yielding metal.
Bulls, however, seem reluctant and await the release of the US NFP report on Friday.
Price Tag
Sell at 2526 - 2530 SL at 2533
TP at 2440
XAUUSD 2560Golden Information
Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%.
Gold prices fall despite stronger US Dollar amid economic slowdown signs.
US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief.
Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473.
Price Tag
1. >>2440>>>
2. >>2535>>>
3. >>Short-term up>>2630
XAUUSD STRONGINTRO Current Status
1.Gold prices fall despite stronger US Dollar amid economic slowdown signs.
2.US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief.
3.Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473.
Gold price is upwardly biased, even though momentum shifted in sellers’ favor and opened the door for a drop to $2,470. The Relative Strength Index (RSI) hints that buyers are in charge, but in the near term the yellow metal could weaken.
In that event, if XAU/USD drops below $2,500, the next support would be the August 22 low at $2,470. Once surpassed, the next stop would be the confluence of the August 15 swing low and the 50-day Simple Moving Average (SMA) near the $2,427-$2,431 area.
GOLD SPOT/US DOLLOR OANDAENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.