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XAUUSD trade ideas

CPI news: Will it reach a new peak or maintain a sideways range?Market analysis for XAUUSD trading on September 11, 2024: The trading session on September 10, 2024, continued the upward trend of gold, with corrective movements unable to change the direction. However, the H4 timeframe is currently in a sideways range; the area between 2525 - 2531 remains very strong. It is highly likely that during the Asian session, this resistance zone will not be broken. Today's trading trend is: BUY. Key price areas to note: BUY zone: 2500 - 2505 and 2510 - 2513. SELL zone: 2525 - 2531 and 2538 - 2542. Recommended orders: Plan 1: BUY XAUUSD zone 2510 - 2512 SL 2507 TP 2515 - 2520 - 2525 - 2530. Plan 2: BUY XAUUSD zone 2500 - 2502 SL 2497 TP 2505 - 2510 - 2515 - 2525. Plan 3: SELL XAUUSD zone 2525 - 2527 SL 2530 TP 2522 - 2517 - 2512 - 2505. Wishing you all a successful trading day.😘😘😘😘😘😘😘😘😘
OANDA:XAUUSDShort
by oakpotshy
Gold sell on rise , we will see 2456 in few days Avoid any buy 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
2
#XAUUSD/H1 Adjustment rhythm creates momentum, surpassing peaks.Analysis of XAUUSD gold trading trends for the European-American session on September 10, 2024: As noted on September 9, 2024, gold prices have increased at the beginning of the week. However, the upward momentum does not appear strong; a deeper correction is needed to build momentum for a breakout. Current expectations may target the 246x or 247x area. Today's trading trend: SELL. Key price levels to watch: SELL zone: 2511 - 2513 and 2518 - 2522. BUY zone: 2498 - 2501 and 2482 - 2486. Recommended orders: Plan 1: SELL XAUUSD zone 2511 - 2513 SL 2516 TP 2508 - 2500 - 2490 - 2475. Plan 2: SELL XAUUSD zone 2519 - 2521 SL 2524 TP 2516 - 2510 - 2500 - 2475. Plan 3: BUY XAUUSD zone 2471 - 2473 SL 2468 TP 2476 - 2485 - 2495 - 2565 - open.
OANDA:XAUUSDShort
by oakpotshy
XAUUSD 1H BUY PROJECTION Reason for Bullish Interest Rate Cuts and Economic Indicators Two Federal Reserve policymakers voiced their opinion on Tuesday, stating it would be “reasonable” to expect three interest rate cuts in the U.S. within the year. This perspective comes despite a backdrop of robust economic indicators, which have led some investors to question the feasibility of such moves. The anticipation of interest rate adjustments is a critical factor influencing financial markets and investment strategies. Surge in Gold Prices The price of gold has surged over 10% since the start of the year, cementing its status as a preferred hedge against inflation and a sanctuary amid political and economic uncertainty. This significant uptick is largely due to considerable purchases by central banks and a rising demand for safe-haven assets. Gold and Silver Prices Today As of April 5th, 2024, the precious metals market has observed noteworthy movements. Gold prices have reached new highs, driven by global trends and market dynamics, reflecting the continuous appeal of gold as an investment. U.S. Economic Outlook Recent data indicates a slowdown in the growth of the U.S. services industry for March, with a concurrent reduction in the prices businesses pay for inputs, hitting a four-year low. These developments suggest a potentially favorable outlook for inflation, influencing investment decisions and monetary policy.
FOREXCOM:XAUUSDLong
by kripsonfx97
XAUUSD 1H SELL PROJECTION 10.09.24Reason for Bearish Gold prices have continued to hit fresh highs in 2024 due to a wide range of factors — from escalating geopolitical risks and the interest rate outlook to budget deficit concerns, inflation hedging and central bank buying. Gold’s blistering rally this year was partly fueled by expectations the Federal Reserve (Fed) would cut interest rates as many as three times in 2024, as stubborn inflation started to ease. But current projections suggest only one rate cut is penciled in for the remainder of 2024. Traditionally, a weaker U.S. dollar and lower U.S. interest rates increase the appeal of non-yielding bullion. But a significant decoupling started to emerge in early 2022 and gold’s relationship with U.S. real yields has broken down even further this year. “Gold’s resurgence has come earlier than expected, as it further decouples from real yields. We have been structurally bullish gold since the fourth quarter of 2022 and with gold prices surging past $2,400 in April, the rally has come earlier and has been much sharper than expected. It has been especially surprising given that it has coincided with Fed rate cuts being priced out and U.S. real yields moving higher due to stronger labor and inflation data in the U.S,” said Gregory Shearer, Head of Base and Precious Metals Strategy at J.P. Morgan.
PEPPERSTONE:XAUUSDShort
by kripsonfx97
XAUUSD View!!The recent disinversion of the closely watched two-year, 10-year Treasury yield curve is a sign that an economic downturn is getting closer, a signal that investors shouldn’t dismiss on the belief that things are different this time, according to JPMorgan. “While inverting the curve sends a warning ~2y in advance of bad times, disinversion has been a more urgent signal, suggesting trouble is only a few months away,” JPMorgan analysts Thomas Salopek and Maggie Zhong said in a recent report.
FOREXCOM:XAUUSDShort
by FXBANkthe8055
XAUUSD 15M ASCENDING TRIANGLE BUY PROJECTION 09.09.24Reason for Bullish Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
FX:XAUUSDLong
by kripsonfx97
XAUUSD DowntrendIntro Gold Gold price hangs near daily low amid modest USD strength, cautious market mood lends support. Gold price drifts lower for the second straight day amid reduced bets for a larger rate cut by the Fed. An uptick in the US bond yields underpins the USD and further contributes to the intraday downfall. Worries about an economic downturn in the US and geopolitical tensions should limit further losses. Price Tag Sell Gold Near $2505-$2509 SL 2513 TP $2496 >>>>>>>>>$2490>>>>>>$2480
OANDA:XAUUSDShort
by AngelScalping
Gold Trend 09/09Spot gold price has remained sideway in the past 2 weeks, with both the PCE price index and US employment data failing to bring new momentum to the market. The OI data from CME's gold futures has stayed at around 510k for a while now, showing no significant changes in the numbers of long/short positions. This week’s focus is on Wednesday’s U.S. inflation data, no matter if it is good or bad, the market reaction should be like those major figures released previously. A week from the US interest rate meeting, it's not easy for gold to escape the current range without any new stimulus. The market should give us more chances this week to take advantage of the sideways market. Just need to be cautious towards the end of this week, when the market may start to price-in further the US Fed. cut next week, leading to an early breakthrough. 1-hr chart > Continue to operate in the 2480-2520(1) range until the price escape. Daily chart > The uptrend channel (2) is still dominating the gold market in M-T. S-T range remains in 2480-2530(3). If the price falls below 2480 before/after the Fed. meeting, a major consolidation will begin. a Please support with a like 🚀 and comment if you find it useful. P.To
TVC:GOLD
by 1uptick
Latest gold analysis☘️Fundamental Analysis Gold prices witnessed an intraday reversal from an all-time high and fell below the psychological $2,500 level after the release of key US monthly employment data on Friday. The mixed US employment report reduced the chances of the Federal Reserve (Fed) cutting interest rates by 50 basis points, which prompted some cover in the US dollar (USD) prices and weighed on the precious metal. That said, concerns about a US recession dampened investors’ appetite for riskier assets and acted as a driver for safe-haven Gold prices. Additionally, the lack of progress in ceasefire talks between Israel and Hamas became another factor supporting XAU/USD during the Asian session on Monday. This warrants caution for bearish traders amid the prospect of an impending Fed rate cut cycle. ☘️Technical Analysis Gold is below the 2500 round port level, in fact this port area is no longer strong enough to push gold prices lower. The area of ​​interest in today's European session is around the 2507 Fibonacci 0.5 retracement zone and the 2512 Fibonacci final extension zone. These are two areas of interest for a SELL plan. When 2512 is broken, the downtrend on Friday is reversed. The main candle h4 is broken and ATH comes early this week, the expected level is 255x. The 2331 area is no longer valuable when gold pushes up. The opposite direction is the 2470-2460 2433 area playing an important support role. 🌸Trading signal SELL zone 2505 - 2507 Stoploss 2511 BUY zone 2484 - 2482 Stoploss 2479 BUY zone 2473 - 2471. Stoploss 2467
OANDA:XAUUSD
by TVS-Trader