3rd September GOLD PREDICTION GOLD is sideway around 2504-2490 after Wyckoff. I expect it will break out to the strong liquidity at 2485-2482 to continue the UP trend.
My Plan For GOLD :
BUY 2485-2482
SL 2478
TP1 2492
TP2 2498.5
TP3 2505
XAUUSD trade ideas
#XAUUSD/H1 Adjust down or continue to move sideways?Gold XAUUSD trend analysis for September 3, 2024:
The gold price on September 2, 2024, did not break the previous sideways range. Currently, short-term investor confidence mostly predicts a deep correction towards the 243x - 244x area, followed by a continuation of the long-term upward trend. If the 248x area is broken, this correction will be officially confirmed. The PMI news tonight will determine whether there will be a downward adjustment.
Today's trading trend: SELL and wait to hold BUY at lower price levels.
Key price areas to pay attention to:
SELL ZONE: 2503 - 2508, 2517 - 2522, 2527 - 2531.
BUY ZONE: 2477 - 2482, 2460 - 2465, 2440 - 2444.
Recommended orders:
Plan 1: SELL XAUUSD zone 2503 - 2505
SL 2509
TP 2500 - 2495 - 2480 - 2440.
Plan 2: SELL XAUUSD zone 2517 - 2519
SL 2523
TP 2512 - 2500 - 2490 - 2440.
Plan 3: BUY XAUUSD zone 2440 - 2443
SL 2437
TP 2450 - 2480 - 2520 - 2565.
XAUUSD 3/9/2024 Downtrend is over?
Looking at H1 we see that the price has reached the target of wave 4 that we expected and then decreased near TP3. Once again I would like to congratulate all of us on continuing to have a big win near Full TP3.
- So now the price is completing the down wave 5 to then continue to increase
- Looking at the overall correction, we can easily identify that this is a complex correction with many intertwined correction structures.
- In a complex correction trend, it is difficult for us to determine when the new trend starts. But with real trading, we only care about the setups that qualify for our trading, I will not try to predict each wave accurately
- Currently, I expect the target of wave 5 to end at the price zone of 2487 - 2484 and this is also our BUY target
- Above, I see 2 large supply concentration zones, which are the 2507 - 2510 zone, this zone is the target zone, the last time the price approached this zone, it was pushed down very quickly, and the 2525 - 2528 zone, looking at the chart, we see that the price was pushed down very deeply after approaching this zone last Friday. and these 2 zones are also our SELL target zones
BUY ZONE: 2487 - 2484
SL: 2477
TP1: 2499
TP2: 2507
TP3: 2518
BUY ZONE: 2471 - 2469
SL: 2461
TP1: 2485
TP2: 2499
TP3: 2510
SELL ZONE: 2507 - 2510
Sl: 2517
TP1: 2500
TP2: 2487
TP3: 2470
SELL ZONE: 2525 - 2528
SL: 2535
TP: 2518
TP2: 2510
TP3: 2500
XAUUSD Facing Resistance Pressure, Clear DowntrendThe 4-hour (H4) chart of XAUUSD shows a strong resistance at $2,500, where the price has repeatedly failed to break through, indicating dominant selling pressure.
The 34-day EMA at $2,506, close to the current resistance, reinforces the short-term downtrend if the price cannot surpass this level.
Current candlestick patterns also support the short-term bearish trend, especially as the price has tested and failed to break the $2,500 resistance multiple times.
Regarding news: International economic and political factors, particularly U.S. labor data this week, will be key influencers on gold prices. If employment data is positive, the USD may strengthen, putting further downward pressure on XAUUSD.
US NFP: Gold Faces USD PressureGold is fluctuating within an upward channel but shows signs of adjustment from the upper resistance area.
On the H4 chart, EMA 34 is above EMA 89, indicating a slight upward trend. However, the continuation of this trend depends on whether the price can bounce back from the support level.
Gold may test the support area at $2,480. If this level holds, the price could recover to the resistance level of $2,530. Otherwise, it may continue to decline to $2,500.
Regarding news: The US NFP report could significantly impact XAUUSD. If NFP is better than expected, the USD will strengthen, putting pressure on gold prices.
BUY XAUUSDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE. It is not advisable to enter without confirmation from a lower TF.
Disclaimer:-
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
GOLD: Bullish - FLAG detected + Breakout of the range.GOLD: Bullish - FLAG detected + Breakout of the range.
1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$.
2- When we break a range the Take profit should be the Height of the range.
Then the TP2 is expected around 2 518$.
3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is expevted around 3 030$
The red horizontals are retracements regarding ICHIMOKU levels .
However a retracement Fibonacci gives a target lower around 2 100$.
Be careful
XAUUSD 9/2/2024 price continues to decrease?
Looking at H1, we see a sharp decline on Friday last week to the 2494 area, signaling that this is wave 3 in the red 5-wave trend above.
- According to the 5-wave structure, the price is currently completing wave 4 and then the price will continue to move in a downward trend to complete wave 5. The target is measured for wave 4 at the price range of 3507 - 2510, this will be our SELL target price range.
- After reaching the target of wave 4, the price continues to move to complete the target of wave 5. Then we measure the target of wave 5 at the range of 2487 - 2484, this is our BUY target price range.
Trading Plan
SELL ZONE: 2507 - 2510
SL: 2517
TP1: 2499
TP2: 2493
TP3: 2487
BUY ZONE: 2487 -2484
SL: 2477
TP1: 2494
TP2: 2499
TP3: 2509
XAUUSD GOLD AT MAKE OR BREAK LEVEL!!FOREXCOM:XAUUSD
XAUUSD (GOLD) Analysis
Current Market Price (CMP): 2503.44
Time Frame: 15 minutes
Market Outlook:
Gold is currently positioned near a critical level, with potential for further upward movement. A key resistance level at 2505 may be tested. If the price holds above this level, there is potential for further gains towards 2510, 2515, 2520, 2525, 2530, and 2545.
Key Levels to Watch:
Resistance Levels: 2505, 2510, 2515, 2520, 2525, 2530, 2545
Support Zone: 2499 - 2497
Potential Buying Opportunity: Around 2499 to 2497
Major Support Level: 2495
A break below this level could lead to a bearish move towards 2487.
If 2487 is broken, the setup may turn bearish for the upcoming week.
Conclusion:
Traders should mark these levels on their charts and be prepared for both bullish and bearish scenarios. Consider buying near the support zone between 2499 and 2497 for potential upside gains, while keeping an eye on 2487 as a crucial level for potential bearish reversal.
Disclaimer:
This analysis is for educational purposes only and is not financial advice. Please conduct your own research before making any trading decisions.
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.
Gold XAUUSD Weekly Technical Chart Analysis 2-6 Sept., 24📈 Gold XAUUSD Technical Chart Analysis
📅 Weekly Range: 2nd - 6th September, 2024
📊 Range Trigger Point: 2503.40
📉 Weekly Range: 35.47
🟢 Buy Above: 2515.59
💼 Average Position: 2511.40
🎯 Buy Target 1: 2525.32
🎯 Buy Target 2: 2538.87
🔵 Stoploss: 2503.77
🔴 Sell Below: 2507.21
🎯 Sell Target 1: 2481.48
🎯 Sell Target 2: 2467.93
🔵 Stoploss: 2519.03
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#XAUUSD/H4 Crossing the peak area, accumulating or adjusting?Trading trend analysis for the week of September 2 - September 6, 2024:
As per our daily analysis, the gold price is currently moving within the sideways range of 2490 - 2530, and there are no signs of a breakout from this area yet. However, the new week will bring the "FED interest rate decision," which could be significant news that helps break this sideways range. My prediction is that September will be a very challenging month for trading due to the poor W and M candle patterns.
The trading trend for next week will be BUY.
Key price areas to note:
BUY zone: 2480 - 2485, 2490 - 2495, 2510 - 2515.
SELL zone: 2526 - 2531, 2537 - 2542, 2548 - 2553.
Recommended orders:
Plan 1: BUY XAUUSD zone 2490 - 2492
SL 2487
TP 2495 - 2500 - 2515 - 2537.
Plan 2: BUY XAUUSD zone 2483 - 2485
SL 2480
TP 2490 - 2500 - 2515 - 2537.
Plan 3: SELL XAUUSD zone 2539 - 2541
SL 2544
TP 2535 - 2525 - 2500 - 2465.
Gold for the week starting 02sep 2024Gold is on the down trend in one hour chart. Break below 2494 will bring down the price till 2460 levels.
It may retrace and move higher up to 2513 before it moves down.
on the other hand if it closes above 2414 in one hour time frame, it may move higher.
GOLD XAUUSD Analysis on (29/08/2024)#XAUUSD UPDATEDE
Current price - 2523
If price stay below 2535,then next target 2500 and 2484 and above that 2545
Plan1;If price break 2525-2530 area and stay below 2525 area,we will place sell order in gold with target of 2500 and 2484 & stop loss should be placed at 2538
Plan2;If price break 2533-2538 area and above 2538 area,we will place buy order in gold with target of 2545 and 2555 & stop loss should be placed at 2527
Trading tips:(Accuracy 85%)
forex and gold forecast for this week 1/09/2024 to 6/09/2024
Hey there!
It sounds like you’re ready to dive into the markets next week. Here are some key points to consider for your trading strategy:
Gold (XAU/USD)
Trend: Gold is in a consolidative phase around $2,500. Watch for a breakout above $2,532 for potential bullish momentum.
Support/Resistance: Key support at $2,470 and resistance at $2,532. A break above $2,532 could target $2,550 and $2,600.
Factors: Keep an eye on US PCE inflation data and geopolitical tensions, especially between Russia and Ukraine.
Forex (USD)
US Dollar: The USD might face bearish pressure. Focus on employment data and Federal Reserve decisions.
Key Influences: Potential Fed rate cuts and economic data like retail sales and employment figures will be crucial.
Trading Direction
Gold: If gold breaks above $2,532, consider long positions. If it falls below $2,470, short positions might be favorable.
USD: With bearish pressure, look for opportunities to short the USD against stronger currencies.
Gold XAUUSD buy above 2510 sell below 2493 Still in uptrend Gold buy above 2510 sell below 2493 both side Target levels mention on chart
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
