GOLD trade ideas
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.
$1,980: Another key resistance level where selling pressure has been observed
Gold Hits Record High Above 2,570 USDXAUUSD is trading around 2,578 USD after breaking through a key resistance level.
The upward trend remains strong with solid support at 2,560 USD.
There is a possibility of a pullback to this support zone before continuing the rise toward 2,612 USD.
In terms of news: The 10-year US Treasury yield remains in the red, below 3.7%, as markets reassess the likelihood of significant Fed rate cuts, which is boosting XAUUSD higher.
XAUUSDGold is at all time high , Now All ICT followers confuse why it did not clear lows before makes higher high again . It was in range and it has taken out high so buying is not worth at so much premium price . I will buy only when it come back to range and clear lows , I will follow what i told to do .
TRADE SETUP FOMC MINUTES XAUUSD new high again!!!???? We see a clear pull back. Don’t catch an egg while it’s flying. Go with the trend against the trend will lead your account to blow. Retailers it’s time for you to grab some information about XAUUSD follow us and subscribe our YouTube channel for more updates goal 1,000$ to 5,000$
TRADE SETUP FOMC MINUTES XAUUSD new high again!!!???? We see a clear pull back. Don’t catch an egg while it’s flying. Go with the trend against the trend will lead your account to blow. Retailers it’s time for you to grab some information about XAUUSD follow us and subscribe our YouTube channel for more updates goal 1,000$ to 5,000$
GOLD resistancegold fail to break 2586
now shoild turn down to 2566
divergance going low when the price witing on 2580s area
Gold next week buy above 2588 sell below 2556 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
SELL AND BUY ON GOLDIn my opinion, I am looking to both selling and buying , which are strong SUPPLY AND DEMAND ZONE. It is possible that there is a sell opportunity psychological level at 2600. We should wait for confirmation before entering. If the confirmation is negative, then we should exit the trade. If the confirmation is positive, then we can enter the trade.. It is not advisable to enter without confirmation from a lower TF.
XAUUSD BUY - First Line formedThe first line of the range has formed.
I have no idea where to take profit,
Set the SL at the nearest high when the price closes above it.
Enjoy your weekend!
The Chartist
XAUUSD 4H SWING SELL PROJECTION 13.09.24Technical Reason for Gold Sell
You're looking for technical reasons to sell gold. Here are a few:
1. Overbought conditions: If gold's Relative Strength Index (RSI) exceeds 70, it may be due for a correction.
2. Trend line break: A break below a key trend line, like the 50-day moving average, could signal a sell.
3. Chart patterns: A head and shoulders pattern or a double top could indicate a reversal.
4. Fundamental changes: A strengthening US dollar, rising interest rates, or improved economic conditions could reduce gold's appeal.
Keep in mind that technical analysis is not foolproof, and it's essential to combine it with fundamental analysis and market news. Would you like more information on gold trading?
#GOLD XAUUSD Analysis on(13/09/2024)#XAUUSD UPDATEDE
Current price - 2570
First rejection area (2571-2573)
Second rejection area (2582-2584)
Third rejection area (2595-2997)
fourth rejection area (2618-2628)
If price stay below 2584,then next target 2550,2530 and above that 2600
XAUUSD There’s no trade setup todayWait for a clear range to form, don’t predict.
Trade what you see, not what you think.
By the way, here’s my drawing of a cat—a “doing nothing” cat.
Update plan GOLD
"Gold has currently formed a Local Reaccumulation.
It has left a few LPS at levels: 2508 and 2520.
At the moment, gold might push a few more points with the purpose of sweeping SELL liquidity.
I expect wave 3 of this upward movement to extend to 2577 - 2580, followed by a short-term correction.
The condition to maintain the upward trend is to hold the key support at 2500!
On Friday, the 13th, trade carefully and manage your capital!"
Gold - 13/09/2024It broke strong resistance after few weeks sideways.
Upside momentum is strong.
Look for buy mostly based on 30m/15m bull flag pattern break.
Gold: Prices renew all-time high under $2,600, but expect bumpsGold prices hit a fresh record high around $2,570 early Friday as it extends the previous day’s upside break of a three-week-old resistance, now support around $2,525. This rise is fueled by increasing expectations of significant rate cuts from the US Federal Reserve and a push against a rising trend line from mid-July.
A bumpy road for the bulls ahead…
Despite the Fed's rate cut hopes supporting gold, an eight-week resistance line and an overbought RSI (Relative Strength Index) suggest a possible price pullback. Additionally, a potential bounce in the US Dollar, especially with upcoming reports on consumer sentiment and inflation expectations, might give gold buyers a temporary pause. Nevertheless, the breakout above resistance and bullish MACD signals keep the buyers optimistic.
Technical levels to watch…
To continue climbing, gold prices need to break above a two-month resistance line around $2,570. If successful, gold could quickly reach the 61.8% Fibonacci Extension (FE) level of the bullion’s late July to early September moves near $2,581 and then target $2,600. If gold surpasses $2,600, it could aim for the 78.6% and 100% FE levels around $2,610 and $2,650, respectively.
If prices pull back, they might first test the 50% and 38.2% FE levels near $2,560 and $2,540. A key support level at $2,525 could also come into play. If gold drops below $2,525, it might struggle to hold above $2,500 and $2,470, making those levels significant for potential declines.
What next?
Gold buyers are expected to remain strong, thanks to anticipated rate cuts from major central banks like the Fed. However, there might be a temporary dip in prices before the next rally.
