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Gold Trend 26/08Gold price carried forward the upward momentum from the breaking of 2480 in the previous week, hitting a fresh record high of 2531 early last week. But the buying has reversed after the Fed. Meeting minutes were released during the US session on Wednesday. The price fell to the lowest of the week at 2470, and the week ended at 2510. There was no important US economic data last week, and Powell's speech scheduled on Friday has controlled the market's overall movement during the week. Although the final remarks were dovish, the market had already priced in the 0.25% rate cut in September, and in the absence of any new progress failed to stimulate the gold price to rise higher. In the next two weeks until the Fed meeting in mid-September, unless those economic figures during this period can drive the market to speculate on the half-percent interest rate cut in September, the rate-cutting factor will no longer be able to push up the gold price significantly in the short term. This week, pay attention to the US 2Q GDP on Thursday and the PCE price indexes on Friday. 1-hour chart(above)> The upward trend has slowed down to (1.1) after the gold price escaped channel(1). The current S-T resistance is at 2520-30(2). The range bound of 2480-2510 3) can be used as the operating range at the beginning of this week, until the next breakout. Daily Chart(above)> It will be the first sign for gold prices to break upward if it one day closes above 2513 on the daily chart. 2480 is the key support at the downside. Please give me a boost🚀 if you like my work.🙏 P.To
TVC:GOLD
by 1uptick
We are holding sell trade from Friday sl 2532 Target 2495,2480Disclaimer - 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
OANDA:XAUUSDShort
by JaiPrakashShuklaHarmonicTrader
XAUUSD 26/8/2024 Will the uptrend continue? Last week we saw a special increase on Friday. - This increase confirmed the completion of the ABC correction wave and the price continued to increase. - Looking at the current uptrend, we see a structure of short candles with weak momentum. So this could be a big wave 1 in the uptrend structure. Looking at the bullish wave structure, we see that there are 5 black waves - Currently, I am leaning towards the black ABC correction structure - Looking at the chart, we see that the black wave A has been completed and the price is currently completing the black wave B - The target for completing the black wave C is I predict at the price range of 2500 - 2497 or the price range of 2489 - 2486, this will be my BUY target - Above, we see that there is still a very strong supply zone at the price range of 2531 - 2534, this is the old peak, so if the price wants to surpass the old peak, it needs to absorb all of this supply. So I will set the SELL target down here Trading plan: SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2509 TP3: 2500 BUY ZONE: 2500 - 2407 SL: 2400 TP1: 2509 TP2: 2519 TP3: 2530 BUY ZONE: 2489 - 2486 SL: 2479 TP1: 2499 TP2: 2509 Tp3: 2530
OANDA:XAUUSDLong
by DEEKOP
Gold (XAUUSD) Weekly Technical Chart Analysis 26-30 Aug., 24📈 Gold (XAUUSD) Technical Chart Analysis 📊 Range Trigger Point: 2512.50 📉 Weekly Range: 60.91 📅 Level Type: Weekly 📅 Valid For: 26 Aug to 30 Aug, 2024 📈 Buy Above: 2508.50 💼 Average Position: 2501.31 🎯 Buy Target 1: 2550.14 🎯 Buy Target 2: 2573.41 🛑 Stoploss: 2488.20 📉 Sale Below: 2494.12 🎯 Sale Target 1: 2474.84 🎯 Sale Target 2: 2451.57 🛑 Stoploss: 2514.42 ✨ Follow and engage for more insightful updates. Your engagement fuels our dedication to providing top-notch content! 🚀❤️ #Gold #XAUUSD #Commodities #Trading #TechnicalAnalysis #StockMarket #Investment #TradingTips #MarketAnalysis
OANDA:XAUUSD
by NumroTrader
XAUUSD(Gold)- Trend Analysis For Next Monday Gold rose rapidly to around 2518 during the US trading session on Friday due to risk aversion, but the overall one-hour trend showed that although the rebound was strong, the gold price has not really turned to long. The most intuitive signal is that gold prices failed to effectively break through the 2520 line and the historical high of 2531, indicating that there is still strong resistance above. To form a complete downward trend, the gold price must first fall below the previous round of lows of 2470. This is not only a test of the continuity of short orders, but also a test of firm bearish beliefs. From a technical perspective, gold prices encountered resistance at 2518 after rising on Friday. The operation strategy for next week is still based on this point and short selling based on this resistance. The short-term decline is only the beginning of this round of short selling. The medium-term target is 2480-2470, and it may even go further down. At this stage, patience is particularly important. Staying calm and rational is the key to the success of mid-line short sellers. In summary, the short-term operation suggestion for gold next Monday is still to focus on rebound shorting, supplemented by callback longs. The upper side needs to focus on the resistance range of 2518-2520, and the lower side needs to focus on the support area of 2485-2470.
OANDA:XAUUSDShort
by Aurum_Capital
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.
OANDA:XAUUSDShort
by okako_trading
XAUUSD LONGDescription: 🚀 Long on Gold: Strategic Entry from 4-Hour FVG 🚀 Hello traders! I’m taking a long position on gold, targeting a significant move up. My entry is strategically placed at a 4-hour Fair Value Gap (FVG), which could act as a strong launchpad for this trade. 📈 🔍 Why This Entry? Technical Analysis: Gold has recently formed a 4-hour FVG between 2507 and 2501, creating an ideal entry point for a long position. This gap signifies a potential imbalance in the market, with buyers likely to step in and drive prices higher. Fundamental Analysis: With ongoing economic uncertainties and inflation concerns, gold remains a go-to safe-haven asset. This adds additional confidence to the bullish technical setup. Risk/Reward Ratio: Manage your risks 1:3 🔥 Join the Journey! Follow me for more detailed trading strategies and real-time setups! I’ll keep you updated on this gold trade and others as they develop. Let’s make the most of these market opportunities together! 💪 💬 What’s Your Take? How do you see this gold trade playing out? Let’s discuss in the comments!
OANDA:XAUUSDLong
by absidheeqm94
Gold XAUUSD sell on rise SL 2532 ATH Target 2480, 2445, 2420Disclaimer - 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
OANDA:XAUUSDShort
by JaiPrakashShuklaHarmonicTrader
XAUUSD(Gold)- Short Below 2520$ Today, Fed Chairman Powell delivered an important speech, which led to a rise in risk aversion and pushed gold prices up in the short term. However, gold prices still failed to effectively break through the 2520 pressure platform, and the momentum of the short-term rebound failed to continue. At present, the gold price is still running below 2520. We maintain a bearish view and will only adjust our thinking when the gold price breaks through 2520 substantially. Next, we will continue to arrange short orders based on the 2520 line, and the short-term target is around 2485. Considering that there is still a large resistance above 2517, it is not recommended to chase the rise for the time being. Before the upper resistance is effectively broken, the gold price may fall back at any time. The bullish trend has come to an end for the time being, and the rebound in the US market in the evening is still dominated by short selling.
OANDA:XAUUSDShort
by Aurum_Capital
Be ready for volitilty, fall expected after power speach 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
OANDA:XAUUSDShort
by JaiPrakashShuklaHarmonicTrader