TP HIT ON GOLDAs I discussed in my last analysis, I have predicted that gold will move 100 pips and reach my TP
GOLD.PRO.OTMS trade ideas
XAUUSD 1H BUY PROJECTION 17.09.24XAUUSD can be influenced by global news and economic data releases, but its price does not fluctuate as rapidly as that of stocks, cryptocurrencies and other risky assets. In times of economic uncertainty, investors use gold to save their funds. Knowing their funds are safe.
Gold: Pullback remains elusive beyond $2,570, US data, Fed eyedGold snaps three-day winning streak while retreating from an all-time high, marked the previous day, as traders await the US Retail Sales and monetary policy announcements from the Federal Reserve (Fed), scheduled for Tuesday and Wednesday respectively. In doing so, the precious metal eases from the 61.8% Fibonacci Extension (FE) of its July-September moves.
Buyers remain optimist
Gold’s recent dip comes as the RSI (14) moves back from the overbought zone and marked failure to break through the 61.8% Fibonacci Extension level on prices. Sellers are also eyeing a potential bear cross on the MACD. Despite this, gold remains above the two-month-old resistance line near $2,570, keeping buyers hopeful with dovish expectations from the Fed.
Technical levels to watch
For intraday sellers, the $2,570 level is key as it has turned into support. If gold continues to decline, the 50% and 38.6% Fibonacci Extension levels around $2,560 and $2,540 could be next obstacles. Below these, the bears might target the month-old resistance line and an upward trend line from early August, near $2,525 and $2,515, respectively. However, gold buyers will stay optimistic unless the price clearly falls below the 200-SMA level at $2,487.
On the flip side, if gold breaks above recent peaks around $2,590, it could target the $2,600 level before approaching the 78.6% Fibonacci Extension at $2,610. If gold buyers push past $2,610, the focus will shift to the 100% Fibonacci Extension near $2,650 and then the $2,700 mark.
Sellers need a strong motive to retake control
Overall, gold remains bullish despite the recent pullback. For sellers to gain control, they would need not only a drop below the 200-SMA but also strong US data and a hawkish stance from the Fed.
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
Gold sell sl 2596 Target 2560-2540 if break 2596 then buy 2616 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
TP HIT ON GOLDAs I discussed in my last analysis, I have predicted that gold will move and reach my TP
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.
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.
Gold for the week 16th sep to 20th sep 2024.Gold is technically long above 2530.
Wait for a fall till 2560 and if it retraces and forms a green candle in 4hr time frame then buy above the high of the Candle
Sell below the low of the day candle close below 2530
Movement is based on FED's interest rate decision. My view is that FED may cut 0.50 basis point since the American economy is on the edge of falling into a recession.
Disclaimer.
The above views are my own and for educational purpose. You may do you own analysis before taking a position.
#GOLD XAUUSD Analysis on(16/09/2024)#XAUUSD UPDATEDE
Current price - 2585
If price stay above 2572,then next target 2595,2610 and below that 2550
Plan1;If price break 2580-2585 area,and stay above 2585,we will place buy order in gold with target of 2596 and 2610 & stop loss should be placed at 2572
Plan2;If price break 2570-2565 area,and stay below 2565,we will place sell order in gold with target of 2550 and 2530 & stop loss should be placed at 2580
Trading tips:(Accuracy 85%)
Xauusd just analysis only, it not predictiocurrent high is 2586 ltf confirmed. but higher time is not confirming.
dxy lower bottom 100.800-101 700 h4
gold day trading 15m 2564 demand area (day trading).
i mention chart inside.
happy trading for earn money!!!!!!!!!!!!! not making, making only operators
Gold correction on the wayGold may be rapidly retest its level of 2532. So my suggestion is not to make long positions wait for dip
Gold is About to Explode In 5 min chart frame There is a OrderBlock formation in Xauusd @2565.273-2563.771 , There is a Possibility That Gold Can mitigate this OrderBlock and can Go Upto 2600 level . So be Careful On Monday London Session
XAUUSD** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy are met.
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XAUUSD HEADING TOWARDS 2627 Xauusd gold heading towards 2627 expansion of 2641.34.
Buying area 1 2568.98
Buying area 2 2552.33
Aggressive BUYING AREA 2575-2577
Targets are 2587, 2592, 2606, 2612 , 2627
KINDLY REFER TO YOUR OWN STUDY .
Gold is a totally save stock to invest money for long timeGold is a totally save stock to invest money for long time
Support and resistance levels are important concepts in technical analysis,
commonly used by traders to make informed
decisions about buying and selling assets
Here are the current support and resistance levels for gold (XAUUSD):
Support Levels:
$1,910: This level has shown strong buying interest recently.
$1,880: Another significant support level where buyers have stepped in.
Resistance Levels:
$1,950: This level has been a strong resistance point.
$1,980: Another key resistance level where selling pressure has been observed
Gold Hits Record High Above 2,570 USDXAUUSD is trading around 2,578 USD after breaking through a key resistance level.
The upward trend remains strong with solid support at 2,560 USD.
There is a possibility of a pullback to this support zone before continuing the rise toward 2,612 USD.
In terms of news: The 10-year US Treasury yield remains in the red, below 3.7%, as markets reassess the likelihood of significant Fed rate cuts, which is boosting XAUUSD higher.
XAUUSDGold is at all time high , Now All ICT followers confuse why it did not clear lows before makes higher high again . It was in range and it has taken out high so buying is not worth at so much premium price . I will buy only when it come back to range and clear lows , I will follow what i told to do .
