XAUUSD trade ideas
XAUUSD elliott wave analysis.. Buy on DipYesterday ISM Manufacturing PMI data given a dip near 2473
where it seems that xauusd completed its last leg of 5th wave of Y.
Now breaking out from the channel and 2-4 trendline will give more strength for
upmove..
Important level to watch 2496.. bulls need to sustain
upside immediate resistance 2507-09 and 2532
downside support 2473-2470
Disclaimer : study is for educational purpose
XAUUSD DOWNTRENDIntro Gold
Gold price continues to draw support from bets for a 50 bps Fed rate cut in September.
Falling US bond yields and softer USD also act as a tailwind for the non-yielding metal.
Bulls, however, seem reluctant and await the release of the US NFP report on Friday.
Price Tag
Sell at 2526 - 2530 SL at 2533
TP at 2440
Power of Golden Indicator Xauusd 2496 to 2517...20 pts done This Golden Indicator based levels only for purpose only
XAUUSD buying setupXAUUSD analysis
1.we can see buying from that level
2.market may break all time high
#XAUCreate a virtual peak, drop deeply, or surpass the old peak?Gold XAUUSD Analysis for the European - American Session on September 5, 2024:
The gold price on September 4, 2024, experienced significant fluctuations, yet it remains consistent with the previous bottom zone of 247x. After confirming the sell-off, gold rebounded strongly. However, the current upward momentum is still insufficient; a buildup is needed in the 245x - 246x area, or even 244x.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2512 - 2515, 2520 - 2524.
BUY zone: 2489 - 2494, 2477 - 2482, 2460 - 2466.
Recommended orders:
Plan 1: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2480 - 2460.
Plan 2: SELL XAUUSD zone 2524 - 2526
SL 2529
TP 2520 - 2510 - 2500 - 2460.
Plan 3: BUY XAUUSD zone 2457 - 2460
SL 2454
TP 2464 - 2475 - 2490 - 2565.
Gold Analysis September 5Fundamental Analysis
Gold prices edged up in Asian trade on Thursday. A US jobs report showed on Wednesday that employment fell to a three-and-a-half-year low in July, raising expectations that the Federal Reserve will cut interest rates further in September, which in turn acted as a boost for the non-yielding yellow metal. Moreover, concerns about the health of the US economy dampened investor appetite for riskier assets, further supporting the safe-haven precious metal.
However, gold prices lacked strong buying interest as traders appeared reluctant to place strong bullish bets, preferring to wait for key details on the US monthly employment report - commonly known as the Non-Farm Payrolls (NFP) report - due on Friday. Meanwhile, the US economic agenda on Thursday - including the ADP report on private sector employment, the weekly jobless claims and the ISM services PMI - will be looked at for short-term opportunities. However, expectations of the imminent start of the Fed's policy easing cycle could continue to support Gold.
Technical Analysis
Gold is moving back in the sideways range of 2490-2505. After an old liquidity sweep to 2472. The Asian session's upside momentum is not strong enough to break the technical level of 2508. When the European session pushes up to 2508 without breaking through, we can set up a SELL signal at this area. The sell trend may extend further than there is still a way to move up to ATH. Today, when the US session enters, pay attention to the resistance zone of 2512-2514 for a SELL strategy. And the push to the low zone this week and next week could create momentum for the FOMC to push gold to a new ATH.
Resistance: 2505 - 2509 - 2515 - 2524 - 2535
Support: 2491 - 2485 - 2472 - 2461 - 2454 - 2440
SELL price zone 2513 - 2515 stoploss 2518
BUY price zone 2460 - 2462 stoploss 2456
BUY price zone 2480 - 2478 stoploss 2475
XAUUSD/GOLD 1H SELL PROJECTION 05.09.24Reason For Sell
Whether it's gold jewellery, coins, or bullion passed down through generations, selling inherited gold can provide immediate financial flexibility. This cash can be used for various purposes, such as paying bills, investing in other assets, or simply building up savings
5th September GOLD PREDICTIONAfter touched trend line and EMA 200 at 2499, GOLD has a correction. I expect that it can grab liquidity at 2487-2484 and keep the buying momentum to 2506.
My plan for Gold :
BUY 2487-2484
SL 2480
TP1 2494
TP2 2497.5
TP3 2501
TP4 OPEN
Gold buy on dip until 2470 not break upside 2509,2534, 2555 TargDisclaimer -
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
XAU/USD ideaSell XAU/USD
2488.00
tp 2471.80
sl 2498.00
educational purpose only i not suggest anyone ..
Golden indicator based Xauusd 23 pts targetCondition Buy above only 2491
Now price running 2488.70
Stoploss............2480.....11 pts
Tp-1................2498......7 pts
Tp-2...............2506......15 pts
Tp-3...............2514.... 23 pts
overall 1% gain chance oneside move only
This level based on Golden Indicator and Education purpose only
XAUUSD View!!Gold held steady above $2,490 per ounce on Wednesday, after retreating in previous sessions, as investors assessed new economic data and its impact on the Federal Reserve’s interest rate outlook.
ISM data showed that US manufacturing activity fell more than expected in August, highlighting the sector's weakness and challenging the notion that the US economy remains resilient to higher borrowing costs.
Meanwhile, expectations for a dovish shift were tempered by a sharper-than-expected rise in prices for goods producers.
XAUUSD Holds Strong Support: Breakout Target 2,523On the 4-hour chart, XAUUSD is currently in a strong support zone around 2,470 - 2,480, a level that has been tested multiple times in the past.
The downward trendline is acting as resistance, but there are signs of a potential breakout above this trendline.
The breakout target could reach 2,523, but it's important to note that the price may retest the support zone before moving higher.
If the price breaks above the resistance trendline, consider opening a buy position with a take profit target at 2,523.
At the moment, U.S. economic reports such as NFP data and FED speeches on interest rate policy are key factors directly impacting gold prices.
gold made double bottom now more analysis edu. pur.Gold spot stya blw 2472-73$ react as double bottom support If blw trade than looks dwn fall 2462--55$++++ in mcx blw 71000 looks 70828-770++++++ where hurdle 71300 in mcx 2497$ spot hurdle let see.
#GOLD XAUUSD Analysis on(04/09/2024)#XAUUSD UPDATEDE
Current price - 2495
If price stay blow 2509,then next target 2480,2470 and above that 2520
Plan1;If price break 2495-2500 area,and stay below,2495,we will place sell order in gold with target of 2480 and 2470 & stop loss should be placed at 2520
Plan2; If price break 2509-2513 area,and stay above 2513,we will place buy order in gold with target of 2520 and 2530 & stop loss should be placed at 2496
Trading tips:(Accuracy 85%)
XAUUSD 4/9/2024 complex correction has ended?
Looking at H1, the complex correction process will create very difficult conditions for determining the specific structure of the wave. In such a situation, we will rely on the Fibonacci measure to determine the target price zones for the end of the entire correction process based on the previous up wave.
- With such an approach, I will determine the target price levels for this correction downtrend.
- Looking at the chart, we have a temporary 5-wave structure formed. We will rely on this combined with Fibonacci to set up trading zones
- Case 1 if wave 5 has ended, then we expect the price zone 2482 - 2479 to BUY
Case 2 if the price breaks below 2473, then the price zone ending wave 5 will be the price zone 2464 - 2467
- Above the strong supply zone 2510 - 2507 has not been broken yet, so this is still our target to SELL
- Next is the zone 2515 - 2518, this is the strong supply zone above that we choose to place a SELL order/
Trading plan
BUY ZONE: 2482 - 2479
SL: 2472
TP1: 2492
TP2: 2582
TP3: 2499
BUY ZONE: 2464 - 2467 SL: 2454 TP1: 2478 TP2: 2492 TP3: 2499 SELL ZONE: 2510 - 2507 SL: 2520 TP1: 2510 TP2: 2491 TP3: 2482 SELL ZONE: 2515 - 2518 SL: 2525 TP1: 2510 TP2: 2491 TP 3: 2482
XAUUSD 2560Golden Information
Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%.
Gold prices fall despite stronger US Dollar amid economic slowdown signs.
US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief.
Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473.
Price Tag
1. >>2440>>>
2. >>2535>>>
3. >>Short-term up>>2630
#XAU End of short-term adjustments, continuing the upward trend.XAUUSD Gold Analysis for September 4, 2024:
Yesterday, September 3, 2024, the gold price adjusted down as anticipated, currently forming a bottom at 2473, with two bottoms appearing on the H4 chart, indicating a high likelihood of creating a new peak and continuing the upward trend.
Tonight, there will be news on the "FED interest rate decision," which will support a rise in gold prices. (There is a 69% chance of a 25-point decrease and a 31% chance of a 50-point decrease).
Today's trading trend: BUY.
Key price levels to watch:
BUY zone: 2483 - 2486 and 2475 - 2478.
SELL zone: 2499 - 2503 and 2510 - 2513.
Recommended orders:
Plan 1: BUY XAUUSD zone 2484 - 2486
SL 2481
TP 2489 - 2495 - 2500 - 2511 - open.
Plan 2: BUY XAUUSD zone 2475 - 2477
SL 2472
TP 2480 - 2490 - 2500 - open.
Plan 3: SELL XAUUSD zone 2510 - 2512
SL 2515
TP 2505 - 2500.
