A TRADE FOR BUY SIDE LIQUIDITYAs the market consolidates, we plan a long trade to the next BSL, aiming to target gold at the current price.
XAUUSD trade ideas
Gold Trend 07/10The upward momentum of gold slowed down last week, with prices trading in a narrow range near the record high. The US employment figures released much better than market expectations last Friday, causing gold prices to drop by $30 within the first half an hour. However, the recent Middle East tension led to a rebound in gold prices as the market price in the risk premium over the weekend.
The risk premium naturally eased back from the weekend, the gold prices fell below 2650 early in the Asian session. We need to closely monitor the developments in the Middle East this week. On the other hand, following the US employment data last Friday, the latest CME Fed. Watch is now showing a 97.9% chance of a 1/4-point rate cut in November, while the chance of a 1/2-point cut has dropped to zero. As the market sentiment turns hawkish for the USD, It's unlikely for the gold price to make a new high this week. Pay attention to Thursday's US inflation data; initial market expectations suggest a continued slowdown in September's overall inflation, which should provide temporary support for gold prices before the release.
1-hour chart(above) > 2670(1) has shown significant resistance after the momentum slowed down last week and the support line(2) originated from Sept. 9 remains effective. Before Thursday's US inflation data, watch for the consolidating triangle (2.1). Later this week, if gold prices can break below the sideway range (3), the downside target could be set at 2600(4)."
Daily chart(above) > Before the November Fed interest rate meeting, continue to use the horizontal range mentioned last week (6) as a trading blueprint. If expectations for US rate cuts slow further, there is a chance for gold to undergo a deeper correction."
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Today Trend of Gold is bearishMy Analyze all things i calculate here today trend is gold and many things i anlayze with last closing of gold with NFP data monday today trend is weak my level of Gold sell around 2645.00
and stock loss 2652.00 taarget around 2628.00.
SELL NOW 2645.00
TP 1 2640.00
TP 2 2635.00
TP 3 2628.00
SL 2652.00
Gold Losing Momentum: Is the Gold Rush Cooling Down?Hello everyone! A new week has begun. Today, let's join Alisa to forecast the gold price!
The gold market today has recorded a slight decline after the U.S. September jobs report exceeded expectations. Specifically, the spot gold price dropped by 0.4% to $2,642.78 per ounce. The unexpected improvement in the U.S. labor market has reduced expectations that the Federal Reserve (Fed) will soon ease monetary policy, putting pressure on gold prices. This is considered one of the main factors influencing gold price movements in today’s trading session.
Technical analysis shows that the 34.89 EMA has shifted to a downward trend. With the nearest support at 2,640, gold is currently attempting to recover and retest the resistance level at 2,647. However, if selling pressure continues to increase and gold closes below the support level of $2,640 per ounce, the downtrend is likely to be reinforced, opening up the possibility for deeper declines toward the next support zones.
And you, what do you think about today’s gold price? Will gold rise or fall?
Gold : on Hold from last week ..What next?Last week gold printed a indecisive candle on weekly time frame ..the current price action formation is a tringle and price will remain indecisive under this formation ..For Intra day we have to wait for breakout (on confirmation) and then we can trade in direction of breakout...Last week we have seen a good bullish candle on DXY , and we have seen that gold remained under pressure due to that ...For this week also we can expect more higher level on DXY which can push the gold price in lower side ...In lower side we can plan buy trade near weekly S1 (2626) or at weekly S2 (2600 area).
(Overall it's a buy the Dip scenario on Higher TF )
Gold Sideways Zone Until Broken Above Or Down These LevelsUpside 2478 is the nearest resistance.
And downside we have around 2639.
Gold showing new numbersgold on daily you got a QM SELL
pushing the price close opend area
down
but if the price pull back hard break the top price
we will dive into 70s area
XAUUSD TRADE FOR TOMMOROW 6-10-2024"Tomorrow's Gold Analysis: A detailed breakdown of potential price movements and key levels to watch. I'll be covering the latest market trends, important support and resistance zones, and what to expect based on recent data. Whether you're a trader or investor, this analysis will help you stay informed and prepared for the day ahead."
#XAUUSD:Will Further Escalation In Middle East Support The BullsGold was retested on Friday after USD data came out in support of the USD. The DXY rose back strongly, leading many USD pairs to melt heavily. Furthermore, the gold price dropped to the 2633 region and then retested a few more times before ranging between 2633 and 2658. Now, since the last three daily candles closed with strong wick rejections, we believe the price is likely to continue going up, up until 2730.
Fundamentals and technical analysis support our view since the ongoing conflict in the Middle East is likely to worsen in the coming days. That will likely raise concerns among investors worldwide.
If you like the idea, please like and comment. Let's discuss the idea in the comment box.Gold was reassessed on Friday following the release of USD data that favored the USD. The DXY experienced a significant increase, causing several USD pairs to decline sharply. Furthermore, the gold price fell to the 2633 region and underwent multiple retests before fluctuating between 2633 and 2658. Given that the last three daily candles closed with notable wick rejections, we anticipate a continued upward trend in the price, potentially reaching 2730.
Our perspective is supported by both fundamental and technical analyses. The ongoing conflict in the Middle East is expected to escalate in the coming days, potentially generating increased investor apprehension worldwide.
If you find this analysis valuable, please indicate your approval by liking and commenting. We encourage a constructive discussion of this concept in the comment section.
XAU/USD Analysis: Sideways Range and Awaiting BreakoutGold (XAU/USD) is currently in a sideways consolidation phase on the H4 timeframe, with price oscillating between key levels. After reaching a recent high near $2,685, the price has now settled around the $2,640 - $2,650 range. The market is awaiting significant catalysts, including key US labor market data later this week, which could trigger a breakout from this tight range.
Key Levels to Watch:
Support : $2,630 - $2,640. This zone has acted as a floor, where buyers have previously stepped in.
Resistance : $2,665 - $2,685. A breakout above this level could pave the way for further upside momentum.
Strategy :
While Gold is currently moving sideways, traders should wait for a confirmed breakout either above resistance for a long position or below support for a potential short. A bullish breakout could target $2,700, while a break below $2,630 could signal further downside towards $2,600.
Trade Plan:
Buy: On breakout above $2,665, targeting $2,685 and potentially $2,700.
Sell: On breakdown below $2,630, targeting $2,600.
With important economic data ahead, it's critical to monitor both technical setups and fundamental news, as they will likely influence the next move.
OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD
Gold next week upside breakout possible 2705-2725 Target 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
GOLD IDEA FOR UPCOMING WEEK "i have shared info in video pls check dont miss.. gold is trapping buyers collecting liquidity for going down to the liquidity present below.. good momentum dont miss"
Gold XAUUSD bought at 2639 booked at 2663 we get 24 pointsprofitDisclaimer -
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
Gold : Before a Bull run a correction or reversalAfter a good sharp rally profit booking may drag it down to 2570 but if gold closes below 2510 then uptrend will be halted or reversed
Short Gold @2647-2660 with stoploss 2686 tgt1 2570, tgt2 2510
Put Stoploss on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important).
These are levels are generated on the basis on Fibonacci Series
NOTE : I am not SEBI registered advisor in capital market.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss.
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Thank you.
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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BUY GOLDIn my opinion, I am looking for both buying and selling in areas of strong supply and demand.
Sebi's F&O Regulation May Hit 30% of Zerodha's OrdersMarkets regulator Sebi's decision to impose stricter regulations in the F&O segment could affect up to 60% of overall F&O trades and approximately 30% of Zerodha's total orders, according to CEO Nithin Kamath. He noted that if traders don't shift from weekly to monthly trades, the impact could be significant. Zerodha has not yet altered its pricing structure and will evaluate the need to increase brokerages once the new regulations take effect on November 20.
Share your views on the comments.
Gold : Still Sideways Gold is stuck in sideways range this week, Price wants to go in higher side and getting help from the middle east war but DXY limiting the upside potential and currently running with good pullback and seems like going to close the week with good gain and targeting 103 now.....gold also extends its sideways consolidative price move in a familiar range held since the beginning of the current week and trading with no clear direction ... Today is week closing and we have High impact data (NFP) Nonfarm Payrolls (NFP) report might influence expectations about the pace of the Fed rate-cutting cycle. This, in turn, will play a key role in driving the US Dollar demand in the near term and provide some meaningful impetus to the gold price ; and with the continues war news gold price remains within striking distance of the all-time peak touched last week.
From a technical perspective, the range-bound price action might still be categorized as a bullish consolidation phase against the backdrop of the recent strong runup to the record peak.On the flip side, the weekly low, around the 2,630-2,624 area, which coincides with a short-term ascending channel resistance breakpoint, might continue to offer support and act as a key pivotal point. A convincing break below might prompt aggressive technical selling and drag the Gold price below the 2,600 mark : For today it's better to wait and watch till we see a range breakout (Broad range 2630-2670-72) after data and then we can open position accordingly.
Gold: “Bullish Pennant” lures XAUUSD buyers on US NFP DayGold prices are starting to rise, reducing weekly losses on the first positive day in three. This reflects a market shift toward the traditional safe-haven asset as investors remain cautious ahead of the US employment report for September, particularly the Nonfarm Payrolls (NFP) data.
Buyers remain in control
Even though gold has lacked momentum over the past two weeks, it is holding above the late September breakout from a four-month trend line resistance, which now acts as support. The XAUUSD also forms a “Bullish Pennant” pattern, attracting buyers. The rising RSI (14) indicates strength, but the sluggish MACD and pre-NFP jitters are holding back immediate movement in the precious metal.
Key technical levels to watch
Gold's immediate focus is on the bullish pennant's resistance line, currently near $2,665, which poses a challenge for intraday buyers. Above that, the recent all-time high of $2,685 and the $2,700 mark will attract bulls. If gold trades successfully above $2,700, it could target around $2,735, which is the theoretical goal of the pennant.
On the downside, support levels are set at $2,638 and $2,635, thanks to the pennant's bottom line and a long-term resistance-turned-support. Further down, an upward-sloping support line from early August and the 200-SMA will provide additional support for XAUUSD near $2,580 and $2,560, respectively.
Gold bulls can overlook pullbacks
Although US employment data may pose challenges for gold buyers, several strong support levels make it tough for sellers to regain control. This suggests that bulls can stay confident, even if prices experience a pullback—unless there’s a significant drop below the 200-SMA.
Gold Maintains Its Upward Momentum Despite Inflation Concerns
Hello everyone! How are you today? Let's join Alisa in analyzing the gold price!
Although gold is showing signs of cooling down as some Federal Reserve (FED) leaders unexpectedly announced that bringing inflation back to the 2% target might take longer than expected, the safe-haven demand for the precious metal, amid escalating tensions in the Middle East, remains intact. Therefore, gold continues to maintain its stable upward momentum.
The 1-hour technical chart analysis reveals a clear bullish reversal in the 34 and 89 EMA moving averages, reinforcing short-term bullish expectations for gold. The strong support level at 2,655 further solidifies this trend. With these positive technical signals, I predict that gold prices will continue to surge and aim for higher price targets during today's trading session.
What about you? What do you think about the gold price today?
XAUUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDXAUUSD SHOWING A GOOD UP 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
