Xauusdlong
Holding Strong: Why It's Time to Bet on Gold's Decline
There isn't much to add—I'm currently stuck in a short position on gold, but I remain convinced that a downturn is imminent. The 4-hour chart shows a clear bearish divergence, and I don’t believe it will break through the $2700 mark easily. As a result, I’m consistently increasing my short positions, waiting for the profit window to open.
Trust me, buying in at this level is as foolish as selling below $2610.
If you're holding short positions, stay firm. If you're holding long, it might be time to take profits. Greed rarely rewards anyone in the long run in the markets.
XAU ! price increase ATH 2691 ! 9/26XAU / USD trend forecast September 26, 2024
The US Dollar is struggling to maintain Wednesday's recovery gains due to expectations of a dovish Federal Reserve, which supports Gold prices. Despite efforts from Fed officials to downplay the chances of aggressive easing, markets are still expecting a 50 basis point rate cut in November. Fed Chair Jerome Powell’s speech on Thursday will be closely watched for signals on future rate cuts and the direction of XAU/USD. Key US data, including Q2 GDP, Weekly Jobless Claims, and Durable Goods Orders, along with speeches from other FOMC members, could also impact the outlook.
Based on M30, break resistance 2670 , ATH new
/// BUY XAU : zone 2653-2650
SL: 2645
TP: 50 - 150 - 300 pips (2680)
Safe and profitable trading
GDP ! Opportunities for Gold to continue rising this week⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) continues its sideways movement for the second day on Thursday, staying close to the recent record high. Traders are holding off ahead of Federal Reserve (Fed) Chair Jerome Powell's speech, which could offer insights into future interest rate cuts and influence gold’s next direction.
Meanwhile, expectations of another significant rate cut by the Fed haven't helped the US Dollar (USD) recover from its recent low. Additionally, escalating tensions in the Middle East and concerns about China's economic recovery, despite stimulus efforts, support gold as a safe-haven asset. However, with gold slightly overbought, caution is advised before betting on further gains.
⭐️ Personal comments NOVA:
Uptrend is still the main trend - Today there continues to be US GDP news, waiting for the FOMO price increase to continue for Gold, a green week for XAU / USD
⭐️SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2643 - $2641 SL $2638 scalping
TP1: $2648
TP2: $2652
TP3: $2660
🔥 BUY GOLD zone: $2627 - $2625 SL $2620
TP1: $2635
TP2: $2645
TP3: $2660
🔥 SELL GOLD zone: $2683 - $2685 SL $2690
TP1: $2670
TP2: $2655
TP3: $2640
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold is in the bullish direction after correcting the supportHello 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
XAUUSD: Are We Heading Towards $2700?Dear Traders,
XAU touched $2400 region and then left a strong wick, the fundamental site has strong support for the gold to continue the bullish move due to the current war like scenario happening in the world. However we can enter a buy entry at our target area and target 500 pips at least from the entry. Good luck
XAUUSD: +400 PIPS Intraday Opportunity! Dear Traders
Gold has created a record higher high after touching 2670, price has made a minor correction after that, however, in our opinion it was a small correction due to liquidity emerged as the London Session opened. We think from current trending price we can see a clean move towards 2700$. Good luck.
Buy XAUUSD (Gold) Bullish FlagThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2660, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2681
2nd Support – 2696
Stop-Loss: To manage risk, place a stop-loss order below 2648. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD: How long can the bull market sustain its momentum?
Amid escalating geopolitical tensions and the Federal Reserve’s rate cuts, gold has been on a persistent upward trajectory. After breaking through the key 2600 level, it is now approaching the 2700 mark. Over the past couple of days, it has consolidated above 2650, leaving short positions severely pressured. While bulls celebrate, bears are licking their wounds. I believe that after enduring this challenging phase, bears will stage a strong, retaliatory comeback.
Thus, the best strategy now is patience. Wait for the right moment—if you’ve missed the bull's rally, don’t miss the bear’s counterattack.
9/25 ! XAU increased strongly ! New ATH 2682XAU / USD trend forecast September 25, 2024
Following the data release, US Treasury yields fell slightly, with the 10-year note dropping to 3.73%. The US Dollar Index (DXY) also declined by 0.42%, hitting a two-day low of 100.48. Fed Governor Michelle Bowman, known for her hawkish stance, emphasized significant inflation risks and supported a gradual approach to rate cuts to avoid reigniting inflation.
Based on M30, NEW ATH to set up SELL signal
/// SELL XAU : zone 2681-2684
SL: 2689
TP: 50 - 150 - 300 pips (2654)
Safe and profitable trading
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD: What Should You Do If Your Short Position Is Trapped?
Recently, I've maintained a short position in gold, admittedly missing out on the recent upward momentum. However, at the current levels, I have no intention of chasing the rally. Instead, I will continue to hold my bearish outlook, waiting for a pullback to the 2580-2550 zone.
Chasing the price at this stage poses unnecessary risks, as technical indicators suggest the potential for a retracement. The focus remains on capturing profits as the price corrects, reaffirming my commitment to the short strategy.
XAUUSD WEEKLY ANALYSIS 4HRS TIMEFRAMEXauusd is likely to keep moving up but there is a probalilty to make a pull back before continue going upward so is very important to keep watch the market till is make a strong support before considering of buying . So entry level for buy should like 2584.690 - 2569.669 with a traget profit of 2610.374 and 2650.453. Use money management
XAU is up strongly! 2640XAU / USD trend forecast September 24, 2024
On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines.
Based on M45, NEW ATH to set up SELL signal
/// SELL XAU : zone 2639-2642
SL: 2647
TP: 50 - 150 - 250 pips (2617)
Safe and profitable trading
Gold - A Reversal Will Happen SoonOANDA:XAUUSD | Gold is still in a bullish market:
After the strong breakout which we saw in the beginning of 2024, Gold started another major bullish market cycle. This cycle is definitely not over soon, but Gold might create a short term correction, which would perfectly line up with the upper resistance of the rising channel.
Levels to watch: $2.650
Click chart above to see the detailed analysis👆🏻
Keep your long term vision,
Philip (BasicTrading)
XAU/USD UpdateGold prices are pushing higher, defying expectations amid the strengthening U.S. dollar. Despite the dollar's growth, the precious metal continues to climb, hitting new highs with no visible resistance in sight. The geopolitical landscape is providing a strong tailwind, further fueling its upward momentum.
Currently, gold is trading close to its all-time peak, as buyers maintain their bullish stance. The backdrop of recent Federal Reserve statements, China’s aggressive economic stimulus (with the People's Bank of China launching an unprecedented wave of support), and heightened geopolitical tensions in the Middle East are all supporting the rally. As the largest consumer of gold globally, China's economic moves add a significant layer of influence to the metal’s trajectory.
Gold traditionally benefits during times of geopolitical instability, and the current situation is no exception. Moreover, the Federal Reserve continues to hint at a potential 0.5% rate cut, adding more fuel to the bullish sentiment.
Key resistance levels are marked at 2634 and 2640, while support can be found at 2623, 2614, and 2602. The broader outlook suggests that gold’s upward trend is poised to persist. Should it manage to consolidate above the previous day's peak, a further advance toward 2650-2660-2675 becomes likely in the medium to short term. However, with significant news on the horizon, a brief correction may occur before the next leg up.
XAUUSD: 24/9 Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2650, support 2584.
Four-hour resistance 2650, support 2620-2600
Gold operation suggestions: Yesterday, the technical side of gold stabilized above 2613 and continued to fluctuate and consolidate with bulls. The bulls in the US market rushed to break through the 2634 mark and then fell back and fluctuated. Finally, it closed near the 2625 mark. The overall price maintained a high and strong consolidation. Although the increase was not large, the short-term bullish thinking was still the main focus.
From the current market trend, today's support below is around 2620-2610, and the upper pressure continues to focus on 2645. Wait patiently for the key points to enter the market.
BUY:2618near
BUY:2604near
Technical analysis only provides trading direction!
World gold prices continue to increase, reaching new ATH💵 XAUUSD 💵
➡️GOLD yesterday continued to increase above 263x then decreased again and reacted around the 262x area from last night to the present.
Today I will continue to watch Sell Gold Over 3x according to RSI's reaction. Buy on large frames and reaction patterns Resistance and Support above.
➡️ Everyone, please refer to the Plan for Today 💵Sell Gold 2631-2634
❌SL 2637
✔️TP 2624>261x
⚠️If Buy Today I will wait below 261x.
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Forecast
Gold continues to benefit from the Fed continuing to cut interest rates twice before Christmas; Unstable geopolitics, inflation...
In addition to the Fed, central bank meetings in Switzerland and Sweden are expected to cut interest rates this week, when most global central banks will begin their easing cycle. liquid parallel to the Fed.
Investors are now waiting for signals from the Fed and the US economy will report this week as a series of Fed members, most notably Chairman Jerome Powell, will speak in the coming days.
PCE price index data - the Fed's favored inflation measure - will also be released on Friday and will likely influence the central bank's plans to cut interest rates further./.