Gold Conquers New HeightsHello everyone! How is the gold price doing at the moment? Let's analyze it with Alisa!
Global gold prices continue their impressive upward trend, with spot gold recording a gain of $2.3 compared to last weekend, reaching $2,723 per ounce. Last week witnessed one of the strongest and most sustained price increases for gold this year.
Gold is showing an extremely positive technical outlook. With the moving average pointing upward and technical indicators supporting the bullish trend, gold is ready to conquer new heights. The $2,607 support level acts as a solid cushion, allowing gold to easily break through the $2,730 resistance and move toward the $2,800 target.
So, what do you all think about today’s gold price? Will the upward momentum continue?
Xauuusd
#XAU Large sideways amplitude, accumulating for an upward cycle.Trading trend analysis for September 12, 2024:
As noted on September 11, 2024, gold prices have yet to break the resistance level of 2527 - 2531, and prices continue to move sideways within the H4 timeframe. Currently, this sideways range is quite broad: 2483 - 2531. However, the D and W timeframes indicate that this is a bullish accumulation phase.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2519 - 2524 and 2527 - 2531.
BUY zone: 2508 - 2511, 2500 - 2505, and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2519 - 2521
SL 2524
TP 2516 - 2510 - 2500 - 2495.
Plan 2: SELL XAUUSD zone 2527 - 2529
SL 2532
TP 2524 - 2515 - 2505 - 2495.
Plan 3: BUY XAUUSD zone 2493 - 2495
SL 2490
TP 2500 - 2510 - 2520 - 2525.
XAUUSDDetailed analysis of Gold XAUUSD
Past two days gold is in sell trend but can't break the weekly trend line so that trend has been changed....
AO (Awesome Oscillator) also indicates at...
Even chart on Lower Lower but AO is in Higher Higher formation so that buying will be happen....
Entry will be 1964-1968.
Stop Loss below 1933....
1st supply zone is 1952-1955
Resistance 1959....
4h trend line passing zone 1966-1976
2nd supply zone 1976-1985
Resistance 1989....
Once touch 2nd supply it may come to retracement on 4h trend line area.
Once got retracement.
3rd supply zone will be 2014-2019
Big sell zone is 2054-2066....
Notes:
ONLY EDUCATION PURPOSE....DO YOUR OWN ANALYSIS....
GOLD (XAUUSD) | The last chance to fall📝Hello traders, Gold in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
Based on the count we had, the main waves 1, 2 and 3 were counted and now we are inside wave 4.
Wave 4 is probably formed in the shape of a triangle and this triangle can be counted in two states of contraction and expansion.
For now, we prefer to consider this triangle as a contraction, and from this triangle, waves a, b, c, and d are over, and wave e is forming.
From wave e, the tiny wave a and b are probably over, and now we are inside wave c, and we think the descent for wave c will happen as it did in August 2021, and then the main uptrend will begin.
If the upper side of the triangle is broken, also the 1830 area of this analysis is fielded and the main ascent is probably started.
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Buy Gold at CMP 46000 sl 45777 tgt 46444 46555 46666 46777 46999The current trend in XAU/USD seems positive after bouncing off its long-term area of support (1752 – 1763) but gold is likely to struggle to find bullish momentum whilst below 1790 utill it cross and stay their.
A break above this area would place buyers in a good position to try and tackle 1800, at which point resistance is likely to be met on the way up to the 61.8% Fibonacci at 1834.