PRemium Buyers Zone under creationPOsitive delta formation under small volume being accumulated over the past 5 candles which last for 15 min time frame. NO serious selling observed as net of buying result is positive.
GOLDCFD trade ideas
Gold is going down nowGold is going down right now because it has just started a downtrend and it can go down to the support zone and can come up from there
Leave support zone 2638/2634
Gold since war started so buy every dip until 2620 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
GoldGold - I am looking for Bullish Butterfly.
Resistance = 2650, Supports 2642, 2636, 2631, 2619 and 2613.
XAUUSD ENTRY 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.
XAUUSDWelcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis
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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gold chart falling on chart see and sell current levelsPlease check the gold dollar spot chart. Notice the price initially breaking the support point, then retesting levels before falling again. The price is retesting and awaiting a potential fall. Fibonacci extension on the charts indicates the price may fall to 2638-2633.
XAUUSD 4H BUY PROJECTION|02.10.24Reason for Gold Bullish
Gold is seen as a strong hedge against economic uncertainty, and Goldman believes its price is likely to increase soon. One key factor behind this prediction is the expectation of upcoming interest rate cuts by the US Federal Reserve
sell active in gold dollar chartdear all we can sell and hold sellin in gold for a handsome target .. so we can sell gold and hold our position till 2 days
Gold remains close to record high Gold remains close to record high and yesterday gold price rallied over 1% and the main reason for this rise is geopolitical uncertainty, driving risk aversion and boosting safe-haven demand for OANDA:XAUUSD
ongoing tensions keep bullish momentum alive for new record highs, An escalation of the Middle East conflict could pave the way for higher prices. Although momentum favors buyers, also daily CPR moving into ascending side and also price trading above weekly pivot: but the Higher Time frame looks like in Sideways (2685-2630).
🔵 For Intra day Buy : Wait for breakout on 2670-72 area towards 2685 or higher level if breakout from recent ATH level.
🔵 For Intra day sell : Very risky to sell as due to geopolitical scenario but technically if price drops below 2,652-50 (breakdown CPR on H1 or H4) , the door opened to testing the recent low around 2630.
🔵 For Swing trade : Buy the dip is still valid
Iran Attacks Israel, Investors Flock to GoldHello everyone, it’s Alisa here again. I’m happy to share with you today’s gold price updates.
Today, gold prices have unexpectedly surged after a period of "rest," driven by safe-haven demand amid concerns over escalating tensions in the Middle East, following Iran's launch of a series of ballistic missiles at Israel in retaliation for Israel's campaign against Hezbollah. This event has caused investor sentiment to panic, leading them to rush towards safe-haven assets like gold, pushing the precious metal to new highs
Technical analysis shows that the upward trend in gold is still being maintained. With solid support at 2,630, the precious metal has the potential to gain new momentum. If it can break through the key resistance level of 2,666, gold will open the opportunity to set new highs and continue its strong upward momentum in the
What do you think, how will gold prices fluctuate today?
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON
A. its following a rectangle pattern that stocked the marketwhich 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 breakC. 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
Buy GoldIn my opinion, I am looking to gold which is a good demand zone.
Entry price = 2658.39
SL = 2647.08
TP = 2700
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
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.
XAUUSD 01.10.2024Descending H4 Channel to hit low at Daily ascending channel to make a new high.
Technical analysis only. Channel trend lines should be monitored closely to find confirmations for entries.
XAUUSD 1H BUY PROJECTION 01.10.24Reason for gold bullish
However, geopolitical tensions, inflation concerns, and market uncertainty are among the major triggers that have helped yellow metal maintain an uptrend in 2024. They said that gold prices are expected to remain bullish and touch $2,640 and $2,660 per troy ounce soon.
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.
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
XAUUSD SETUP1.We can see a good move to downside
2.wait for level to be tested and rejected
3.if broke to upper side then we can see a move to next upper level
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.
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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.
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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.
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Silver Bullion. "Top 5 Countries That Were Net Buyers of Gold in 2023."
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.
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.
