XAUUSD 1H SELL i am going to sell gold with the given sl and tp, let see what happenes , i will update u if some thing changes
GOLD.PRO.OTMS trade ideas
Gold Price Surges UnexpectedlyHello everyone, this is Alisa. Today, let's join me in updating the latest developments in gold!
The gold price surged significantly, reaching 2,644.18 USD/ounce. The main driving force came from the U.S. inflation data released this morning. Specifically, the U.S. Consumer Price Index (CPI) increased by 0.2% in September, which was lower than expected. This eased inflationary pressure and prompted investors to pour money into gold as a safe-haven asset.
Observing the 1-hour technical chart, Alisa noticed that the price within the channel had gained strong upward momentum. This was truly a rebound after a brief period of decline for the metal. With support at 2,628, gold’s upward trend has resumed. Additionally, technical indicators like RSI and Stochastic are also giving buy signals.
What a volatile day! How about you all? Do you think gold will rise or fall?
XAUUSDENTRY 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.
Gold: Bulls seek $2,647 breakout and US data validationGold prices continue to recover after the US inflation data, despite staying within a two-week bearish trend. Early Friday, buyers look forward to the first readings of the University of Michigan Consumer Sentiment Index and Consumer Inflation Expectations for October, along with the September Producer Price Index (PPI).
Bulls brace for fresh record high
Whether it's the US Dollar's muted reaction to better-than-forecast Consumer Price Index (CPI), optimism around potential stimulus from China, or expectations of softer US data, gold prices aim for a fresh all-time high. Technically, the recent breakout above the 100-SMA, bullish MACD signals, and a positive RSI (14) reinforce the upward momentum.
Technical levels to watch
Among the key technical levels, $2,647 gains immediate attention as it comprises the top of the bearish channel, a break of which will defy the fortnight-long bearish chart pattern. Following that, the precious metal’s quick jump toward the all-time high surrounding $2,685 can’t be ruled out. Moreover, a clear breakout past $2,685 would signal strong momentum for gold buyers, potentially paving the way for a rise beyond the $2,700 mark.
On the downside, the 100-SMA at $2,636 provides immediate support for gold prices, alongside an upward-sloping trend line from early August near the $2,600 mark. If XAUUSD falls below $2,600, the focus will shift to the bottom of the bearish channel and the 200-SMA, which are near $2,595 and $2,580, respectively. Notably, if prices break below $2,580, gold could enter a short-term bearish trend, potentially targeting the $2,540-$2,530 range.
Upside looks promising
With expectations of lower Fed rates and potential softness in upcoming US data, combined with bullish technical indicators, gold prices seem poised for upward movement. This bullish outlook could change only if the US statistics challenge the likelihood of two more rate cuts from the Federal Reserve, which would negatively impact the US Dollar—an outcome that appears unlikely.
Gold : Ready for another rallyAs discussed since the beginning of this week that every Dip is a buying opportunity on gold, gold seems to following that and yesterday trading session after CPI numbers gold printed a good positive day closing and now trading above weekly S1 , Weekly S1 was acting as resistance on Intra day.
For today the daily CPR relation is positive and price opened with a little gap on CPR (Virgin CPR) this is indication that price is in good bullish momentum right now and if price hold above weekly S1 (2626) then bulls can target weekly pivot on Intra day (2650). .
GOLD with delta of 1.2K on 15 min time frame what does it mean ?What is Delta?
Delta = Buying Volume – Selling Volume. It is used to measure the net buying or selling pressure during a specific time period.
A positive delta, like 1.2k, means more aggressive buying (market orders hitting the ask price) compared to selling (market orders hitting the bid price).
Implication of 1.2k Delta on a 15-Minute Chart:
This strong positive delta suggests that buyers were aggressively pushing the price upward in that 15-minute window. It reflects significant demand for gold, with more buyers willing to take action at market prices.
If this delta occurred around a key level, such as $2600 or after a significant bullish pattern like the bullish engulfing you mentioned earlier, it reinforces the strength of the move.
Why Does Delta Matter?
Order Flow Insight: Delta provides insight into the underlying order flow, showing whether buyers or sellers are more dominant. A 1.2k delta in a short time frame is considered quite large, meaning there was a clear imbalance between buyers and sellers in favor of buyers.
Momentum Confirmation: When combined with price action, such a large delta could signal a continuation of the current trend or a breakout. In this case, if the price was already rising, the large delta supports the idea that the upward momentum will likely continue.
Context with Price Action:
If the price of gold was rising from $2600 to $2627, as you previously mentioned, this 1.2k delta would confirm that the rally was supported by actual buying pressure, not just a lack of selling. This makes the upward move more sustainable.
If this delta occurred near the beginning of the $27 rally, it might have signaled the start of the price breakout.
Conclusion:
The 1.2k delta on a 15-minute gold chart indicates that there was a strong influx of buying during that period. This is a clear signal of bullish momentum, especially if it coincided with the price moving upward, as it shows buyers were aggressively pushing the market higher. This kind of volume imbalance often precedes or accompanies sharp price moves in the direction of the prevailing trend.
2600 $ Defence Levels 1) The bullish engulfing at $2600 on the daily chart signals a potential reversal or continuation of the upward trend, making $2600 a critical support level.
2) The rally from $2600 to $2627 on the 15-minute chart shows that once $2600 was confirmed as support, buyers aggressively pushed the price higher within a short time frame.
{ Scalping Opportunity: For short-term traders or scalpers, this intraday rally provides a significant opportunity, especially in fast-moving markets. The 15-minute time frame would be ideal for entering trades after confirming the trend on a larger time frame like the daily chart.}
3) This movement indicates strong bullish sentiment and could lead to further upside in the short to medium term.
Daily Confirmation: Since the pattern is on the daily chart, it holds significant weight, suggesting a possible larger move in the upward direction.
Significance at $2600: If this pattern occurred at the $2600 level, it indicates that buyers are defending this key support level. The strong bullish momentum implies that $2600 is a demand zone, where buyers stepped in after a period of selling pressure.
XAUUSD : Some more pain but will ready for big move...
XAUUSD is running with 4th wave zigzag correction which may end near 2580-2560 zone... then after we expect a 5th wave starts which will start the last-up move... so stay bullish on deep and keep SL below 2550 for the long position..
Gold Analysis October 10Fundamental Analysis
Gold prices attracted some buyers on Thursday and now appear to have snapped a six-day losing streak to a near three-week low around the $2,605-2,604 region tested the previous day. However, the rally lacked bullish conviction and is likely to run out of steam amid growing bets that the Federal Reserve (Fed) will cut its benchmark interest rate by 25 basis points (bps) in November. This has helped the US Dollar (USD) maintain its recent strong gains to an eight-week high and will act as a drag on the non-yielding yellow metal.
Traders may also prefer to stay on the sidelines and wait for the release of key US consumer inflation figures later in the North American session. The important US CPI report could influence expectations for the size of the Fed rate cut next month, which would boost demand for USD and provide some meaningful impetus to Gold prices. In addition, developments surrounding the ongoing conflicts in the Middle East will be looked at to capture short-term opportunities around the safe-haven precious metal.
Technical Analysis
The price range to watch for CPI trading strategies. The upper price range of 2626 and 2638 became one of the first major SELL zones in the Asian session yesterday. The 2638-2640 area is the critical zone of the EMA.
The lower price range is focused on the US session around 2605 and the important breakout zone of 2594 will be notable in today's US session. This short-term downtrend is not over yet as the gold price has not been able to close the day above the 263x area. Wishing everyone a successful trading.
Gold at supply zoneGold international chart is at supply zone .. if consolidate and reverse then we can keep target as Demand zone. Consider gold mcx chart before taking any trade m as there is a room for supply zone in mcx chart .
Gold after FOMC and before CPIYesterday, Gold traded Sideways to bearish and closed the day in the red zone near the price of 2610. On Hourly chart price seems to be forming a new sideways range near to psychological support. On the hourly chart, gold is still trading below the weekly pivot and bulls need to claim this level to see higher price .
The FOMC’s Minutes published yesterday showed that some officials would’ve preferred a 25 bps cut, though all participants favored lowering interest rates. Regarding the Fed’s dual mandate in both cases, almost all officials saw inflation risks tilted to the downside, while risks to the labor market were on the upside. Following the data, the CME FedWatch Tool shows odds for a 25 bps interest rate cut were lowered from 85.2% a day ago to 75.9%. This means that some market participants positioned themselves toward the Fed holding rates unchanged, with odds at 24.1%, up from 14.8% on Tuesday. and for fundamentals now we have to shift focus to release of the US Consumer Price Index (CPI).
For Intra day price is trading near to weekly pivot( Watch weekly S2 and S3 for possible reversal )and it is a good idea to look for buy for a swing trade with calculated risks.
Gold Prices Decline for 6 Consecutive Sessions, Facing ResistancGold prices fell for the sixth consecutive session on Wednesday (October 9), driven by a stronger USD and diminished expectations for a more aggressive rate cut in November 2024.
Gold is currently hovering around $2,608.880, after hitting a key support level at $2,575.921. This is a crucial support zone that buyers need to defend to prevent further declines.
At present, gold is facing strong resistance at $2,648.815 and $2,624.834. If these levels cannot be surpassed, gold is likely to continue correcting down to the nearest support at $2,575.985. However, if buyers manage to push prices past the current resistance, the market could see a short-term rally.
The RSI indicator is currently at 36.19, suggesting that bearish momentum still dominates and warning of a potential deeper correction.
The USD Takes the Lead, Gold Loses GroundHello everyone. Today, Alisa will share her perspective on the current situation of gold. Let’s join in the discussion with Alisa!
Even before superstorm Milton made landfall, the gold market had already "sunk" in a storm of sell-offs. The USD, acting as a "lighthouse" of safety amidst uncertainty, continues to attract capital inflows. The recovery of "Wall Street" has further boosted the allure of the greenback, pushing gold prices to new lows.
Looking at the 4-hour chart, we can clearly see that the downward trend in gold is being reinforced. Although there is support at the 2,608 level, it seems unable to help gold recover as it faces resistance at 2,621. Given the current situation, Alisa believes that gold is likely to continue its downward trajectory, potentially dropping even further.
Today has been another day of significant fluctuations. What do you think about the gold price?
what to expect from FOMCAs the FOMC (Federal Open Market Committee) releases its minutes today, the impact on gold prices is expected to be significant. Currently, gold is trading in a tight range, as markets are awaiting clarity on the Fed's future monetary policy stance. If the FOMC minutes hint at continued hawkishness, signaling higher or persistent interest rates, gold may face downward pressure due to the stronger U.S. dollar and rising yields, making non-yielding assets like gold less attractive.
Conversely, if the FOMC minutes suggest a more dovish outlook—indicating a potential slowdown in rate hikes or even rate cuts—gold could see an upward move as lower interest rates tend to benefit safe-haven assets like gold. Additionally, geopolitical tensions and strong demand from central banks are providing medium- to long-term support for gold(
So, if today's minutes suggest easing monetary policy in the near future, you could expect a rebound in gold prices. However, a more aggressive stance by the Fed could result in further gold price declines. Keep an eye on the broader market reaction to get a clearer direction.
BTC & Gold Price Action Analysis | Key Levels & Trading StrategiDiscover the latest price action analysis for Bitcoin (BTC) and Gold in today's market. In this video, we break down key levels, chart patterns, and potential trading opportunities for both assets. Whether you're a Forex trader, crypto enthusiast, or looking to diversify your portfolio, our expert insights will help you navigate the markets. Don't miss out on crucial support and resistance levels, trend reversals, and strategies to trade BTC and Gold effectively.
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Gold Reversed from the target zone.Gold taken support at Demand zone & Reversed.
now the target is Supply Zone . Zone to Zone trading.
for commodities we check International market chart along with MCX chart to get proper Entry and Exit.
GOLD LONG !!!!!!My target is 1:3
Learn and do by yourself
Price has to move from these levels orelse
You might see a good correction and that gives opportunity for new buyers
One thing after fed announced rate cut market went up continuously so trapping scenario may start if this week bullishness fails.
BUY GOLDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE. It is not advisable to enter without confirmation from a lower TF.
Xau/usd bearish Xau/usd forming double top bearish pattern sell at 2610 ,1 st target 1590
2 nd 1570 .Observe for for rejection at neck point which is 2624 .
Gold XAUUSD sell given at 2648 ,made low 2604 enjoy huge profit 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
Will Gold Prices Reverse?Hello everyone, it's Alisa here. Today, let's update the situation of gold together!
The U.S. release of September's job data far exceeding forecasts has shocked the gold market. With 254,000 new jobs created and the unemployment rate dropping, the chances of the Fed easing monetary policy have significantly decreased, pushing gold prices down to $2,615.9 per ounce as the USD index rises.
Looking at the technical chart, gold prices are moving within a descending price channel. With the support level at $2,608, gold has tested this channel and declined further. Increasing selling pressure, along with the continued strengthening of the USD, is putting significant pressure on gold prices. If there are no surprises, gold prices may continue to drop in the short term.
I advise investors to closely monitor market developments and be ready to adjust their investment strategies accordingly.
What do you think will happen to gold prices today?
Gold : Buy the dip is now ON...Gold finally breakdown the consolidation range in yesterday trading session and now trading under the support level (2640) which is going to act as resistance for now ...this is the correction that everyone was expecting, but retailer started crying early and now saying that the trend is reversed ,but higher time frame is still bullish , for any deep correction or reversal price need to breakdown 2550 on daily close. On price action ,price is now moving towards the weekly S2 (Near psychological support level :2600); If we watch the Volume distribution on daily time frame we can see a good support at 2570-90 area, so we can plan buy the dip at current price or on test of that high volume area.
For Today the Focus is now shifts to the FOMC Minutes and we have to wait the market reaction on FOMC minutes also.
XAUUSDENTRY 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.
