$XAU successfully bounced from a key fib levelExpecting a pump for a bit since we bounced from a fib level.
GOLD.PRO.OTMS trade ideas
2660 USD once again buyers zone on demand backGold bounced back at the end of the week after US inflation data (PCE) came in lower than expected. This data suggests that the Federal Reserve will likely continue with its easier monetary policy, which is good for gold. However, gold's price fell earlier due to the possibility of fewer interest rate cuts and a stronger US dollar, both of which are negative for gold.
By Friday, gold prices recovered, trading around $2,660 per ounce after the inflation report missed expectations. The lower inflation numbers indicate that the Fed might keep lowering interest rates, which benefits gold since it doesn’t pay interest itself.
In August, the US Core Personal Consumption Expenditures (PCE) rose by 0.1%, which was lower than the expected 0.2%. Year-over-year, the Core PCE increased by 2.7%, slightly up from 2.6% in July.
Before the data was released, gold had been dropping because Chinese government stimulus effects were fading, and global central banks were becoming less likely to ease monetary policies. After hitting new record highs, gold leveled off. The impact of China’s 1 trillion CNY stimulus seemed to be priced in, and central banks like Sri Lanka, Switzerland, and Mexico only made minor rate cuts. In India, rate cuts are expected to be modest.
Additionally, recent positive US economic data, like lower jobless claims and solid GDP growth, has reduced expectations of a large interest rate cut by the Fed in November. The chance of a 50 basis points (bps) cut fell from over 60% to 50%. Meanwhile, geopolitical tensions in the Middle East, particularly between Israel and Hezbollah, remain high, but they have not escalated into a larger conflict yet.
Technically, after hitting an all-time high of $2,685, gold pulled back but remains in an overall uptrend across short, medium, and long-term periods. This suggests that gold prices may continue to rise, as trends in technical analysis often point to further gains.
XAUUSD SETP ( 15 MIN TF)XAUUSD VIEW
1.selling is slow so ight trap us
2.wait for a good candle formation on bigger timeframe
Xauusd trade idea A possible reversal may happen in new bussiness month for more bullish it needs more discount price to be so trade according to this zone price might get reverse from that POI high chances, Remember that we are still in strong bullish trend ! Risk 1to 3% max. Happy trading
Gold Moveim seen the clear lavel gold, to move strong support 2585-2590 zone .im plane to short if market open with rejections. and buy with good lots to this same zone.....
XAUUSD TRANDxauusd trand setup for upcomming week this is information purpose only
xauusd trade setup
xauusd
gold
Gold Pauses After a Hot Rally, but the Outlook Remains PositiveHello everyone! How are you all doing today? Let's analyze today's gold movements together!
The gold market is going through a correction phase after a hot rally. Technical selling pressure has emerged as some investors are concerned about a potential price adjustment. However, with ongoing support from geopolitical factors and monetary policies, gold is still forecasted to continue growing in the near future.
Looking at the technical chart, gold is still trading steadily within an upward price channel. With support at 2560 and resistance at 2670, there is a high likelihood that gold will continue testing this resistance level. If gold successfully breaks the 2670 resistance, we can expect an even stronger rally towards the next targets.
What do you think?
xauusd sentimentalOANDA:XAUUSD month end, weekends , not interested , globally booking profit partially.
correction expected 2661 area intrested sell area correction, monday fall or fly expecting.
tuesday intrest of trading for october month.
whats gonna do next week .test next week brain affects market gone sideways,
2530-2688 avg 2600 -2640 intrestig area buying , current supply area 2705 stp-2661
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 - LongThe chart analysis for Gold (CFDs on Gold, US$/Oz) shows a breakout pattern indicating a strong upward movement. Key observations include:
Long-term Ascending Triangle: The chart depicts a long-term ascending triangle, a bullish continuation pattern, indicating a potential further rise.
Breakout and Target: A breakout from the triangle suggests a target price of approximately $3,142.47, which represents a move of about 45.60% from the recent level of $2,648.66.
Support Levels: Historical support levels are clearly visible, with $720.67 and $250.23 as key areas where price consolidated in past decades.
This suggests that gold is in a strong upward trend with bullish sentiment, especially following the breakout from the long-term triangle. The price target and volume indicate possible further gains.
For deeper analysis, one could evaluate macroeconomic factors, such as inflation, central bank policies, and demand for safe-haven assets like gold.
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
XAUUSDWelcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Trendline based analysis Xauusd moving in the short term trenline from 2648 according to my trendline if this break and retest gold can fall from trendline starting points
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."
Gold forcast 10000 points to downsideGold 🪙 looking bearish as per the asto and imagination is it can be reaching to 2523 levels from here that is more than 10000 points downside
Gold approaches key upside hurdle ahead of US PCE InflationAfter hitting an all-time high, gold prices are losing momentum as buyers await the US September Core PCE Price Index, the Fed's favorite measure of inflation.
Bulls may slow down, but are still in the game
On Thursday, FOMC Chair Jerome Powell's reluctance to discuss monetary policy joined the market’s dovish bets on the US central bank to propel the Gold price, especially amid the rush for a haven amid uncertain markets. Technically, the bullish MACD signals add strength to the upside bias for the precious metal. However, the overbought RSI (14) and nearness to an upward-sloping resistance line from December 2023, close to $2,695 at the latest, challenge the bullion’s further advances.
Technical levels to watch
With the overbought RSI indicating a $2,695 hurdle for gold buyers, the $2,700 level serves as an additional barrier to monitor for better trading opportunities. Beyond that, a potential surge toward the 100% Fibonacci Extension (FE) of February-June moves, near $2,757, can’t be ruled out.
Gold sellers should watch for a clear break below the four-month resistance line at $2,620. If this occurs, the 61.8% and 50% Fibonacci Extension levels around $2,578 and $2,522 could draw in bears. Key targets below $2,522 include $2,467 and $2,399. That said, a break below the convergence of the 200-SMA and a year-long support line at $2,288 could signal a trend change for traders.
What next?
A positive surprise from the US Core PCE Price Index could spark the anticipated pullback in gold prices. However, the dovish Fed stance and strong technical support may prevent XAUUSD bears from gaining control.
XAUUSD BULLISH 2709A bullish price channel has formed.
The candle pattern is valid.
According to the financial insights and fundamental analysis I posted yesterday, XAU will reach 3k this year. The overall market is deteriorating slowly, but steadily
The Chartist
Will Gold Break a New Record?Hello everyone, Alisa here! Will gold prices maintain their upward momentum today? Let’s analyze it together!
Escalating tensions in the Middle East have raised concerns about a larger-scale conflict, prompting investors to turn to gold as a safe haven. Additionally, better-than-expected U.S. labor market data has increased expectations for the Fed to continue its loose monetary policy, thereby supporting the rise in gold prices.
Looking at the technical chart, gold is moving within an upward channel, indicating that the positive trend is still intact. The 2,540 support level serves as a solid foundation, providing momentum for a new rise. The stable alignment of the 34 and 89 EMAs further strengthens investor confidence. With these supporting factors, the short-term target of 2,700 is entirely feasible.
What about you? What do you think about gold prices today? Let me know your thoughts!
XAU/USD: Awaiting a Breakthrough at $2,720 or Correction?The XAU/USD chart on September 26 tells an exciting story of gold's bullish momentum. After hitting $2,661, gold is steadily advancing, shielded by two strong supports—EMA 34 at $2,540 and EMA 89 at $2,448.
These support levels act as fortresses, holding buyers firm and allowing gold to continue climbing.
However, all eyes are now on the key psychological resistance near $2,720, a critical barrier that, if broken, could pave the way for new highs.
Upcoming FOMC statements could significantly impact XAU/USD.
XAUUSD until 2621 not break uptrend will continue 2695,272TargtDisclaimer -
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
a strong positive delta ( representing positive outlook) for shoa strong positive delta ( representing positive outlook) for LONG term
we can clearly see a sharp increase in rise ( volume based) from 2600 Range. this rally has a pottential upside of 2750 $ on immediate weekly movement basis.
