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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 MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
OANDA:XAUUSDLong
by okako_trading
XAUUSD SHOWING A GOOD BULLISH MOVE WITH 1:10 RISK REWARD XAUUSD SHOWING A GOOD BULLISH 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
FX:XAUUSDLong
by tradergyan01
3
Nifty Intraday Levels | 1-OCT-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points: 1️⃣ Zones to Focus on: 👉Green Zone: Represents institutional support. 👉Red Zone: Indicates institutional resistance. 👉Gap Between Zones: Typically ranges from 100-200 points. 👉Zone Creation: Uses pivot points and Fibonacci levels. 👉Price Action: An advanced version for refined entries and exits. 👉Chart Reference: Trades are executed based on the Nifty futures chart. 2️⃣ Trade Execution: 👉Order Flow Data: Trades are triggered by tracking the market's order flow. 👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps. 👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2). 👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options. 👉Position Sizing: Customize based on personal risk tolerance. 3️⃣ House Rules: 👉Sharp Execution: Be ready at 9:15 AM for market open. 👉Risk Management: Always a priority. 👉Quick Trades: Fast execution "morning breakfast". 👉Strict Stop-Loss: Set at 10 points to limit losses. This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market. #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback! #FocusedScalping #RiskManagement #NiftyOptions
NSE:NIFTY1!
by ReviveTraders
Finnifty - Oct 1Price is consolidating after giving good fall. Sustaining above the current level is important to be bullish. Buy above 24720 with the stop loss of 24680 for the targets 24760, 24800, 24840 and 24880. Sell below 24640 with the stop loss of 24680 for the targets 24600, 24560, 24520, 24480 and 24400. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:FINNIFTY1!
by vanathi
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
Gold Price Drops as Investors Take ProfitsThe XAU/USD chart presents an interesting market scenario, with gold currently hovering around $2,636.120. Key support levels at $2,613.983 and $2,607.217 act as a "shield" for buyers, preventing deeper declines. The strong resistance at $2,677.741 has become the primary target. If gold surpasses this level, a continued upward momentum could occur, aiming for new highs. The breakdown of Middle East peace talks, weakening U.S. job market, a potential 0.5% rate cut by the Fed, and China's stimulus boost – these factors may drive gold prices higher in the future.
OANDA:XAUUSDLong
by Romio_pro
Gold : More room for correction/ DeclineSo finally gold entered into correction phase and seems like there is more room for decline in this correction cycle : Today CPR is descending and the last day candle is a good bearish candle and as discussed in yesterdays update the area around 2620-30 is a support zone with high volume and price is currently tested this zone and bouncing on Intra day but in Higher side we have descending CPR + Dynamic Trend Line resistance + FIB Resistance zone (2655-2662 for current cycle till last day), so under these resistance we can still look for sell opportunities towards weekly S1(2616) or low near 2600. Currently I am watching chart on FXCM data feed and there maybe difference in levels that I am sharing : Let me know in if you see some changes /difference.
FX:XAUUSDShort
by iambalramkashyap
Natural gas until 230 not break buy on dipDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:NATURALGAS1!Long
by JaiPrakashShuklaHarmonicTrader
Copper if break 844 then sell on rise 821 1st Target 858 slDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:COPPER1!
by JaiPrakashShuklaHarmonicTrader
Is this the end of gold's price rally?Hello everyone, today let's analyze the price movement of gold together! Will gold rise or fall? After a historic price increase driven by the U.S. monetary easing policy and escalating tensions in the Middle East, gold prices have dropped today. The reason is the recovery of the U.S. dollar and the more cautious sentiment among investors following gold's continuous upward trend. Looking at the technical chart, the fact that the EMA 34 line is below and the price has broken through the support level of 2,645 are strong signals confirming the downward trend of gold. Traders can take advantage of this opportunity to open sell positions, aiming to take profit as the price continues to fall. However, it is important to set stop-loss orders to manage risk effectively. These are Alisa's thoughts. What about you, do you agree with me?
OANDA:XAUUSD
by Alisa_Rokosz
Crude buy on dip until recent low not break Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:WTICOUSD
by JaiPrakashShuklaHarmonicTrader
Crude sell on rise ,on mcx but buy on dip on wti level on chartDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:CRUDEOIL1!
by JaiPrakashShuklaHarmonicTrader
Silver sell on rise support and resistance levels on chart Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:SILVER1!Short
by JaiPrakashShuklaHarmonicTrader
Silver support and resistance levels sell on rise Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAGUSDShort
by JaiPrakashShuklaHarmonicTrader
1