Goldprediction
Gold Thoughts - 28-AUG-2028Hello all, Kindly see my Gold thoughts for today. These videos are aimed at making you compare charts with mine if you are a price action trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Gold Analysis 8-28 Asia/LondonPrice has dropped from Asia Session. Found Rejection again on 2525 .
DXY is gaining strength and can has some room to upside to pump. Sell side liquidity at previous days low around 2500 and also lower around fridays lows. 2495
Looking for an area to enter at better discount. will wait for london / Ny session.
Good luck Traders
Risk Management#1
check my profile for more info
XAUUSD Sell XAUUSD took out buyside liquidity at 19:00 NY time today and dropped. Anticipating price to return to the volume imbalance and FVG during London session before taking out the sellside liquidity (Previous Day Low).
Nevertheless, price could do exactly the opposite and take out the Sellside first before moving further up.
XAUUSD: 2500 points will be tested again, what should we do?Can gold continue to rise and set a new high?
Yesterday, the price of gold fell first and then rose, continuing the upward trend of last Friday, and has been fluctuating at a high level, reaching a high of 2526 points. Our 2510-2515 buying range is just at the lowest point of the callback, and the profit margin at the highest point is more than ten US dollars, and I also made a small profit from it. I believe that friends who follow the trading strategy have gained something.
Today, the price of gold has shown a callback trend again. From the 1H chart, the support below is in the range of 2500-2505. If nothing unexpected happens, I will buy again in this range.
First of all, 2500 is an integer mark, and I believe everyone has seen the support strength in the previous trend.
In the trend from 2470 to yesterday's high of 2526, 2505 is exactly at the 0.618 support position of the Fibonacci retracement.
At the same time, there is support from the Bollinger Band lower rail and the upward trend line, and it is unlikely to fall below it.
Although the possibility of a breakthrough here is not great, this is only an analysis based on the technical aspects. External factors are still an uncertain factor, so we have to be prepared for both situations.
Trading strategy: Now it is at a lower position, you can open a position and buy first. If the price continues to fall back, you can choose to increase your position above 2500. If the gold price effectively breaks through 2500, then we must once again prevent the occurrence of a sharp correction like last Thursday.
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
Gold is in the Bearish Direction after Formation Manipulation Hello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GOLD - still valid short ? what's next??#GOLD - so far market perfectly holding our resistance region that was discussed in our video analysis.
and guys keep in mind that that is still valid short and until market holding our above resistance region.
IT WILL NEVER EVER BREAK OR CLEAR 2535 BEFORE ANY NEWS FROM WAR SIDE OR UNEXPECTED INTEREST RATE SIDE.
keep close and don't go for a long , yes you can do it for scalp or in shorter time frame.
stay sharp.
good luck
trade wisely
Gold’s Bullish Path: Will It Hold? What to Expect NextThis idea focuses on Gold's short-term potential based solely on technical analysis.
If you have a different perspective, please share your thoughts in the comments.
--Overview--
Gold has been on a bullish run since the beginning of July, successfully breaking through the $2,450 mark after multiple attempts. However, it is now encountering resistance around $2,530. If the current momentum weakens, there's a risk that Gold could retrace to the $2,420-$2,450 range. It's important to note that this potential short-term pullback doesn't impact the long-term outlook, which remains strongly bullish.
My reasoning is as follows,
In this view, Gold is currently attempting to break through the $2,450 resistance level, highlighted by the yellow trend line.
When Gold reached a new all-time high at $2,480, it reinforced the bullish sentiment, fueling further momentum. We can see the momentum shift clearly because after the new ATH Gold didn't fall back to 2300$ but instead kept its position at around the yellow circle.
Gold starts moving with the steeper bullish trend shown as blue.
This is what concerns me..
Gold already reached the top of this trend. If momentum doesn't increase further more, a short-term pullback seems likely.
I see two potential scenarios that could sustain the current short-term bullish momentum without a loss.
First, Gold could attempt to retest the upper boundary of the blue trend. If it gains additional momentum, possibly fueled by increased buying in anticipation of a new all-time high, this could extend the bullish move.
Alternatively, Gold might experience a slight pullback, falling to around the midpoint of the blue trend. If momentum shifts again creating a higher low inside the blue trend, this could spark a stronger bullish rally.
With that being said, I find both of these scenarios difficult as of Today.
What is possible then?
I have narrowed down the timeframe...
A retest of the upper boundary around ~2530$ or possibly ~2540$.
Or no retest at all, and a pullback to ~2420$ which is still very bullish on the weekly chart.
Beyond this level, it's difficult to make a fair assessment. We’ll need to wait and see how it plays.
I have included this perspective to better make sense on the sell pressure around the last weeks all-time high.
This idea is based on my opinions and expectations, please don't forget to do your own analysis before taking risks.
Gold Price Analysis August 27☘️Fundamental Analysis
Gold prices traded in negative territory amid a modest recovery in the US dollar (USD) on Tuesday. However, signals from US Federal Reserve (Fed) Chairman Jerome Powell at Jackson Hole that the central bank will begin cutting interest rates are likely to support the precious metal. Lower interest rates are generally beneficial for gold as they reduce the opportunity cost of holding non-interest-bearing assets. Moreover, rising geopolitical tensions in the Middle East could further boost gold, a traditional safe-haven asset.
The People’s Bank of China (PBOC) stopped buying gold in July, marking the third straight month of no purchases for its reserves. Traders will be watching August data for fresh impetus. Concerns about a slowing economy and demand for the precious metal in China could drag down gold prices as China is the world’s largest producer and consumer of gold. August Consumer Confidence Index and Price Index
☘️Technical Analysis:
Gold is trading around the 2516 resistance zone and heading towards today's most important hook around 2525. When the price closes above 2516 when the European session ends, gold will head towards 2525 and make a new high when the US session begins. If gold is pushed lower than the 2509 zone when the European session begins, the price will soon be pushed to 2502 and this is a notable level before finding today's BUY zone around 2495.
SELL zone 2525 - 25277 stoploss 2530
SELL price zone 2545 - 2547 stoploss 2551
BUY price zone 2496 - 2494 stoploss 2490
BUY price zone 2486- 2484 stoploss 2480
First short gold, then long goldBrothers, today is a new beginning, let's trade happily together! Currently, gold has risen to around 2526, approaching the previous high of around 2532 again. Obviously, the recent buying support below is strong, and the market is enthusiastic about going long. So gold has not seen a decent retracement.
However, I don’t think chasing gold is a wise choice now, so going long gold is not my first choice now. On the contrary, I will still choose to short gold in an appropriate amount to gain gold's retracement space. The short-term resistance above is located in the 2535-2540 area. However, in this market, I don't expect too much room for decline. The first support below is around 2510, followed by the 2495-2490 support area below.
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XAUUSD: 2531 high will definitely be refreshedGold market fundamentals:
Powell made a speech on interest rate cut last Friday. The September interest rate cut is a foregone conclusion, and the probability of a 50 basis point interest rate cut has increased.
The US dollar index and US Treasury yields continue to fall.
The Middle East and Russia-Ukraine geopolitical crises are intensifying, and risk aversion continues to rise.
Gold market technical aspects:
From the 4H chart, gold prices still maintain an upward trend. Last week's correction did not effectively fall below the Fibonacci retracement of 0.618. According to the wave theory, from 2380 to 2530, this is the rise of AB waves, and now it is the extension of C waves. According to the amplitude of each wave, the high point of 2531 will definitely be refreshed.
Trading strategy: Now it depends on when 2531 breaks through. If it breaks through directly, we will chase the rise. If there is no break, wait for the retracement to the 2510-2515 range to buy.
Support range: 2515, 2510, 2500
Resistance range: 2531
Daily risk data:
US durable goods orders monthly rate in July
US Dallas Fed business activity index in August
XAUUSD I Psychological level 2550 or 2600 Short Welcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
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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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Gold Price Analysis August 26☘️Fundamental Analysis
Gold prices traded above the 2520 resistance level after the European session. The gains came amid growing expectations that the US Federal Reserve (Fed) will start lowering borrowing costs in September. Lower interest rates are generally positive for Gold as they reduce the opportunity cost of holding non-interest-bearing assets.
Furthermore, escalating geopolitical tensions in the Middle East and economic uncertainty are likely to boost safe-haven demand, benefiting Gold prices. On the other hand, sluggish demand in the Chinese economy could weaken the yellow metal as China is the world’s largest producer and consumer of gold. Later on Monday, US Durable Goods Orders for July are due. The highlight of the week will be the US Preliminary Annual Gross Domestic Product (GDP) for the second quarter and the Personal Consumption Expenditures (PCE) Price Index for July, which will be released on Thursday and Friday.
☘️Technical Analysis:
With the current price increase, the technical structure has tilted to the upside. We will wait for the H1 candle to close above the 2520 port to confirm that gold will continue to move straight to the resistance zone of 2530. And in the US trading session, gold can completely create a new ATH. Retracement hooks are relatively unlikely at the moment. When the distance to 2509, the Asian session bottom this morning encountered quite a few barriers. The important technical support hook today will be 2495 to ensure the current market structure.
Resistance: 2525 - 2535 - 2547 - 2558 - 2568 - 2590
Support: 2509 - 2500 - 2494 - 2485 - 2472 - 2461 - 2454 - 2442
SELL zone 2528 - 2530 stoploss 2534
BUY zone 2496 - 2494 stoploss 2490
GOLD, Will it finally Hit Our Take Profit!? I think Yes.Hello Ladies and Gentlemen,
I present to you the continuation of our analysis of gold for last week.
Everything seems to be going right on track. I expect this profit to be hit.
EURUSD analysis week 35🌐Fundamental Analysis
EURUSD surged in the North American session after Federal Reserve Chairman Jerome Powell gave the green light to interest rate cuts, as he believes inflation is approaching the central bank's 2% target. The pair traded near 1.120, a recent month high.
The week ahead opens with a relatively quiet data schedule, however key inflation data points from both the EU and the US remain in the shadows. US Gross Domestic Product (GDP) growth figures will act as the precursor event on Thursday, but EURUSD traders will focus on a double headline on inflation scheduled for Friday next week.
The EU Harmonized Consumer Price Index (HICP) preliminary inflation figures for August are due out next Friday and are widely expected to show that the core EU inflation figures continue to cool towards the European Central Bank’s (ECB) 2% annual target. On the US side, the Personal Consumption Expenditures (PCE) price index will be released on Friday.
📊Technical Analysis:
EURUSD has formed a strong uptrend that is the highest in the past month following the latest Fed data. On the D1 timeframe, the EMA 34 is sloping up strongly against the EMA 89, suggesting that the market structure is tilted to the upside with the nearest trading range around 1.127-1.110. With such a strong rally, the upside could extend next week to the resistance at 1.14. Any pullback at the moment is seen as a good time to buy rather than a trend reversal. The best BUY level is around 1.100 strong resistance zone that EURUSD broke through and now forms a strong support zone when the pair price returns.
Resistance: 1.127-1.146
Support: 1.110-1.100
🕯Trading signals
BUY EURUSD zone 1.127-1.129 Stoploss 1.131
SELL EURUSD zone 1.100-1.098 Stoploss 1.096
GOLD - near to his most expensive region? What's next??#GOLD... Well guys market placed 2531 around as his ATH.
And according to technical point of view from 2531 to 2535 is market strong resistance zone.
So holding of that means ATH is placed for now so far and drop expected from here.
Only only selling will be invalidate above that region otherwise not.
Stay sharp
Good luck
Trade wisely
Gold Analysis 8-25 Price has pushed back into previous weeks price. Thursday gold took out Mon-Wed Lows and
into last Friday the 16th of August. Now doing the creepy trend back up. Quiet day for
Monday so anything can happen. CPI on Tuesday so that will be interesting. Price can either try to break the highs and make new ones or target sell side liquidity around 2469.00. Will see what London/NY session will do on Monday.
Check out my profile for more info.
Good Luck .
Plan . Plan. Execute.
risk management #1
Gold is in the bullish direction after breaking all time highHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold keeps the bid bias unchanged above $2,500The short-term technical outlook for Gold price remains in favor of buyers so long as the triangle resistance-turned-support, now at $2,470, holds.
Note that Gold price yielded a symmetrical triangle breakout last week while the 14-day Relative Strength Index (RSI) points north above 50.
These technical indicators suggest that the bullish potential remains well in place for Gold price.
On the upside, should Gold buyers recapture the record high of $2,532, the next relevant topside target is seen at the $2,550 level.
Acceptance above the latter could challenge the $2,600 round level en-route to the triangle target, measured at $2,660.
If the Gold price correction resumes, the immediate support is seen at the abovementioned triangle resistance-turned-support at $2,470.
A breach of the latter will call for a test of the. Further south, the $2,450 psychological barrier will come to the rescue of Gold optimists.
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GOLD NEW ATH COMING 2500$HELLO TRADERS
As you can see our previous analysis hit all given targets on #Gold and now after ATH it had done a nice retrace to 2300$ and now if we see the geopolitical issue around the world and US economy shirking down and down day by day Bricks and WW3 China trades and war seems not going to stop soon as we can US Gov Support and Funding all his allies and many other things els we expected that if #Gold hold above 2300$ then this is going to create a new all Time High if we see technically view GOLD is now trading above 2300$ levels after ATH it had retrace 1500+ pips this week NFP outcome can create volatility in markets I had Drawn a Fib retracement till last dip it show Gold perform well to the Golden Fib levels Friends this is just a trade idea Share Ur thoughts with us it help many other traders
Gold Sellas Gold is hovering over its physiological Resistance level and it seems like gold will follow its bearish Path so it will pull back and will run its bearish direction
