GOLD Reversal? Sunday when the market opens. I'm looking for this lower high point to hold. Or the highest point of resistance at 2626 to hold. Using 5 min chart pattern for entry. Tight SL at 2627. TP around last high volume area 2600.
XAUUSD_LMAX trade ideas
Plan trading XAU 23.09.20214➡️ Technical Analysis:
Over a long period of time, Gold has formed a reaccumulation structure, and based on cyclical timing, Gold has broken upwards, creating a SOS (Sign of Strength). I've discussed the cyclical nature of Gold in live sessions multiple times.
On the H4 chart, we can see that it has created a SOS, and currently, we have a Backup/LPS zone around 2523 - 2530 that hasn't been retested yet. It might not happen in the coming week, but Gold will soon return to retest this level.
On a smaller timeframe, like M15, Gold is also forming a reaccumulation range.
There is synchronization across timeframes, so I prioritize a BUY strategy with a full target for this week at 2644.
A key area to focus on is the Swap Point, which I’ve noted at 2600.
Pay attention as the price moves higher and breaks the ATH (All-Time High); there will be increasing selling pressure. If there are sharp drops with large volumes, avoid jumping in immediately. Wait for stable signals before entering trades!
XAUUSD long trade plan 110% effective level for Gold for upcoming week.
1.4hr demand
2.$$ sweep
3.fib zone
4.market trend
the support and resistance levels for Goldthe support and resistance levels for Gold
Support Levels:
1. Support Level 1: $1775 per troy ounce
2. Support Level 2: $1750 per troy ounce
Resistance Levels:
1. Resistance Level 1: $1800 per troy ounce
2. Resistance Level 2: $1825 per troy ounce
Wave 5 in Progression for Gold2700 2750 could see some Decent profit booking for Gold, as it would mark the end of Impulse wave 5 of This Elliott that started at 1600.
Gold Awaits Fed's MoveXAUUSD is currently trading at $2,586, near the critical resistance level of $2,588.972.
The upward momentum is still supported by the EMA 34 ($2,561.747) and EMA 89 ($2,536.316). However, if this resistance is not broken, the price may retrace to the support zone at $2,554.101.
If the price holds above this level, gold could continue rising, aiming for the $2,614 mark.
With the FOMC meeting scheduled for later today, the market is awaiting key interest rate decisions, which could cause significant short-term volatility in gold prices.
Traders should closely monitor macroeconomic news signals to make informed trading decisions.
Gold "explodes," setting a new historical peak!Hello everyone! It’s me again, Alisa. Let’s dive into today’s gold prices together!
Just as I predicted yesterday, gold has surpassed the $2,600 mark, setting a new historical high. This precious metal has surged over $35/ounce compared to the previous session’s close, equating to a 1.37% increase. Tensions in the Middle East and investors’ bets that the Fed will continue lowering interest rates have fueled this rise in gold prices.
Looking at the chart, we can see the gold price channel is sloping upwards at a significant angle, indicating that the upward momentum remains strong. With support hovering around $2,577 and stability in the EMA 34 and 89 lines, gold is likely to continue climbing.
And you, what are your thoughts on XAU/USD today?
Gold if 2585 not break on daily closing basis 2697-2700 come 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 Long from 2600 Range.The potential upside is strongly indicating that gold prices are no way going to settle below 2600 $ on immediate basis.
The fundamental cause for this rise is was already portrayed last year on 4th December 2023.
The sharp drop in gold prices on December 4, 2023, was the result of a few key factors converging to drive significant market volatility.
Profit Taking: Gold had reached an all-time high in early December due to geopolitical tensions, especially in the Middle East, which drove safe-haven demand. When gold touched this high, it triggered a wave of profit-taking, as many investors sought to lock in gains, leading to a sell-off. This marked a major pivot from the price surge(
Interest Rate Expectations: Around that time, there were shifting market expectations regarding U.S. interest rates. The U.S. Federal Reserve had previously hinted at potential interest rate cuts in 2024, which initially supported gold prices. However, as markets began reassessing the timeline and pace of those rate cuts, sentiment changed. Investors became more cautious, and the anticipation of delayed cuts led to a stronger U.S. dollar, which inversely impacts gold prices, contributing to the fall
Economic Data: Economic indicators released around the same period were not showing signs of the expected weakness. This further dampened investor optimism about an imminent rate-cutting cycle, causing a reassessment of risk positions and leading to additional selling pressure on gold.
The combination of profit-taking, shifting interest rate expectations, and economic data that did not support continued bullish sentiment drove the significant decline in gold prices starting on December 4.
Now as we are today at Sept 20th, 2024, we can see the first interest rate cut from Fed has clearly been on rise for GOLD. Gold is currently on the rise due to fresh investing and this may continue for a pottential longer time than usual previous movements.
Gold forcast for short Gold is reached its all levels and not it may change the trend to downside as per the scenario, Let's see how it will be reaching to the targets
BUY GOLDIn 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.
GOLD trade MTF setup active now 19-09-2024 18:22 IST1,2,3 MARKET FLOW
D1 CS/ H4 structure SELL (1),
H4 CS/H1 structure SELL (2),
H1 CS/ M15 structure SELL (3)
This 1,2,3 set the Daily sell ready. target next daily until you see 1,2,3 again.
Let's catch and win together, setup invalid if H1 (2) is broken by opposite candle.
#GOLD XAUUSD Analysis on(20/09/2024)#XAUUSD UPDATEDE
Current price - 2607
If price stay below 2618,then next target 2580,2550 and above that 2618
Plan;If price break 2607-2612 area,and stay below 2600,we will place sell order in gold with target of 2580 and 2550 & stop loss should be placed at 2618
Fed Cuts Interest Rates, Gold Expected to SurgeHello everyone, I’m Alisa. Today, let’s update you on the latest information about gold prices!
After the U.S. Federal Reserve decided to cut rates by half a percentage point on September 19th, gold prices reversed and surged significantly.
According to the 4-hour chart, gold is currently fluctuating around $2,590. The outlook leans towards a continued strong increase, aiming for levels above $2,600.
Overall, after the Fed's move combined with news of the U.S. experiencing trade and budget deficits, we can expect more rate cuts in the future. The U.S. dollar will likely decline, creating favorable conditions for gold to rise further. Therefore, I believe we can sell gold today.
What about you? What are your thoughts on gold prices today?
psychological level at 2600 perfectly work on goldAs I discussed in my last analysis, I have predicted that gold will move 500 pips and reach my TP
Gold - 20/09/2024Only buy.
If you see good buy momentum, go for trade.
because It may give sideways.
If 4H timeframe shows strong bullish candle at London market open, Go for buy.
GOLD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which 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 break
C. 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
Plan XAU 20.09.2024✔️ I think gold will move within a wide sideways range today. If you're looking to SELL, aim for the top at 2597 - 2598.
✔️ The lower points will be BUY zones. For these points, manage your capital carefully and gradually with every 1/2R, guys.
✔️ Gold's movement yesterday was quite surprising. Those who SOLD at the FOMC peak likely got stopped out, and the same for those who BOUGHT. This range is quite wide and difficult to trade, so make sure to trade with consistent and stable volume. Don’t double your position size out of frustration from a single stop-loss and let it affect your mindset!
✔️ It's Friday today, wishing you successful trading!
xauusd analysis onlypull back
wait for high broken pure price action will come short, buy, profit booking
gold is geo
wait real action . recent price can easily prediction.
long term price can not be predict. they have too many strategies! ltf vs htf'.
hint ; inside candle high low protect
if if??
Multi Time Fram Setup example GOLD (XAUUSD) 10-09-2024 16:30 ISTPreviously I posted one MTF setup in NIFTY, but was unable to add snaps in the chart.
I am posting now one setup in forex Gold. wich I recently found.
TIME Frames in Play : H4 and H1, and M15
1 Daily CS (candle stick) represents H4 structure or Trend.
1 H4 CS represent H1 structure or Trend.
1 H1 Cs represent M15 structure or trend.
H4 Breakout was Buy Direction,
Price came pull back by breaking H1 low,
again gave H1 break high. (Control) confirmation of continuation of Direction.
After confirmation price came back and gave M15 break, for entry. Price came twice to entry point and flew.
Hope you can understand . Let win together!!
GOLD ( XAUUSD) Premium Zone .As per yesterdays life time high Gold was taken down with a serious of hard selling almost 60$ downfall. The current swing high and swing low zone is approx. 50 $ price gap.
Gold is yet to test higher highs and we expect the Gold to hit 2800$ in coming 2 months.
Gold Analysis September 19Fundamental Analysis
Gold prices regained positive momentum after yesterday’s pullback from an all-time high and continued their steady intraday gains heading into Thursday’s European session. The US dollar (USD) saw an intraday reversal from a one-week high and now appears to have stalled its recovery from its lowest since July 2023 hit the previous day. This, coupled with concerns over a recession in the United States (US) and China, along with the risk of further escalation in tensions in the Middle East, prompted some safe-haven flows into the precious metal.
With Thursday’s positive move, Gold now appears to have snapped a two-day losing streak, although the possibility of more aggressive easing by the Federal Reserve (Fed) could limit any further gains. In fact, the US central bank decided to start its policy easing cycle by cutting borrowing costs by 50 basis points on Wednesday. However, the Fed has lowered market expectations for excessive rate cuts in the future. This still supports a modest increase in US Treasury yields, which could limit the USD's losses and limit the gains of the non-yielding yellow metal.
Technical analysis
Gold has recovered very strongly from the Fibonacci retracement level of 2547-2545. At the moment, we need to understand what it wants each session and how it pushes the price. So Gold can absolutely continue to push higher in 3 sessions when Asia and Europe have not had any significant declines. The important price zone is 2588. If this zone breaks when the US enters, do not sell and wait for 2600 SELL to react. It is easy to have a false break, so the beautiful BUY point in the area I determined yesterday at 254x will be held until 263x. Today is a difficult day to trade. If the US session at 19:30 cannot break the 2588 area, it is possible to SELL to the destination area at 2565 - 2545
SELL attention zone 2588-2600-2612-2618
BUY attention zone 2565-2545
XAUUSD Hits Resistance, Awaiting Fed SignalXAUUSD is currently trading around $2,573, approaching a key resistance level at $2,587.
If it fails to break through, the price may correct towards the support zone at $2,536 before a potential strong recovery.
The EMA 34 ($2,557) and EMA 89 ($2,530) continue to support the uptrend, but with the RSI at 67.87, the market shows signs of being overbought, increasing the likelihood of a correction.
Gold has attracted some dip-buying on Wednesday as rising bets on a 50 bps rate cut from the Fed test the recovery of the US dollar.
