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Xauusdlong

Gold price recovers! Buyers dominate⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) struggled to build on Thursday's strong 2% gain and edged lower during the Asian session on Friday. A positive mood in global equity markets put some pressure on the safe-haven metal, but various factors should help prevent significant losses. Concerns over a potential Middle East conflict and expectations of larger rate cuts by the Federal Reserve (Fed) could support gold. Dovish Fed expectations are also weighing on US Treasury bond yields and pulling the US Dollar (USD) down from its weekly high. This environment favors bullish traders and suggests that gold's likely direction is upward. Any further dip might be seen as a buying opportunity, especially with no major US economic releases expected soon. The market's attention will turn to the upcoming US consumer inflation figures, due next Wednesday. ⭐️ Personal comments NOVA: Bulls dominate over the weekend - surpassing 2420, amid growing global military tensions ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2408 - $2406 SL $2402 scalping TP1: $2415 TP2: $2422 TP3: $2430 🔥BUY GOLD zone: $2388 - $2386 SL $2380 TP1: $2395 TP2: $2410 TP3: $2420 🔥SELL GOLD zone: $2441 - $2443 SL $2448 TP1: $2430 TP2: $2420 TP3: $2410 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2
Gold Rally – With Rate Cuts Near ✍️ NOVA hello everyone, Let's comment on gold price next week from 8/12 - 8/16/2024 🔥 World situation: Gold prices continued to rise for the second consecutive day as traders remain confident that the Federal Reserve (Fed) might start easing policy at the upcoming September meeting. Rising tensions between Israel, Lebanon, and Iran also support gold ahead of the weekend. XAU/USD is trading at $2,432, up by 0.22%. Recent US economic data indicates a slowing economy, though not enough to spark recession fears. Concerns following weak ISM Manufacturing PMI and July Nonfarm Payrolls (NFP) reports eased, as shown by the gains in US equities late in the New York session. 🔥 Identify: Gold price recovers - important motivation for FED interest rate cut is getting closer - waiting for attention resistance zones next week: 2448, 2480, 2500 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2448, $2480, $2500 Support : $2405, $2387, $2352 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
1
XAU/USD (GOLD) Long from 2.390.000 back up My bias on gold remains bullish. Price has been reacting strongly to demand zones and imbalances, producing solid bullish candles. However, since price left a clean demand zone, I expect a small pullback into that zone for reaccumulation. Once price gives a change of character to the upside in the 20-hour demand zone, I’ll look to buy back up to target the Asia high below the 45-minute supply zone. Confluences for GOLD Buys: - Price changed character to the upside, leaving a clean 20-hour demand zone. - Liquidity above in the form of an Asia high. - -Market structure is bullish on both higher and lower time frames. Economic news and ongoing conflicts support GOLD longs. P.S. After sweeping the Asia high below the supply, I expect a short-term sell opportunity around the 45-minute supply at 2,470.000. However, I’ll wait to see how price reacts.
OANDA:XAUUSDLong
by Hassan_fx
Flag Pattern Alert: Gold's Big Decision!Now that the title got your attention! Take some time to fully digest the market breakdown below where we cover this further in depth! 1. Price Structure: - Downtrend: The chart shows a significant downtrend from the left side, leading to a series of lower highs and lower lows, which is a classic bearish structure. - Consolidation/Flag Formation: After a strong bearish move, the price appears to be consolidating within a flag pattern, as indicated by the 15-minute and 1-hour flag formations. This is typically a continuation pattern, suggesting that the market might continue in the direction of the previous trend (downwards). 2. Key Levels: - Daily LQZ (2,474.774): This is a higher time frame liquidity zone. Price is currently below this level, indicating that there might be significant resistance here. - 4HR LQZ (2,459.094): This zone is also above the current price, acting as potential resistance. A move towards this zone might face selling pressure. - 1HR LQZ (2,445.648): This is a closer resistance level, just above the current price action, within the range of the flag pattern. A breakout above the flag might target this LQZ. - 15M LQZ (2,415.863): Price is currently hovering around this level, indicating that the market is at a critical point where it could either bounce or break lower. - 1HR LQZ (2,402.417): If the price breaks down from the current flag, this level could act as the next target/support. 3. Potential Scenarios: - Bullish Scenario (Green Arrow): - Breakout of the Flag: If the price breaks out upwards from the flag formation, it could signal a reversal or a correction within the larger downtrend. - Target Levels: The price might aim for the 1HR LQZ at 2,445.648 first, with potential further movement towards the 4HR LQZ at 2,459.094, and eventually towards the Daily LQZ at 2,474.774 if bullish momentum continues. - Bearish Scenario (Orange Arrow): - Breakdown from the Flag: If the price breaks down from the flag pattern, it would confirm the continuation of the bearish trend. - Target Levels: The immediate target would be the 1HR LQZ at 2,402.417, followed by the next lower Daily LQZ at 2,355.819. 4. Market Phases: - Impulsive and Corrective Phases:The downtrend before the flag can be considered an impulsive phase, while the flag pattern itself represents a corrective phase. Understanding these phases can help anticipate the next move. 5. Lower High Formation: - The chart also marks a “Lower High” within the flag formation. This suggests that the bulls are struggling to push the price higher, which is a bearish signal, reinforcing the likelihood of a breakdown. 6. Volume Analysis: - Volume Support: The volume seems to be lower during the flag formation compared to the preceding downtrend, which is typical in a consolidation phase. A breakout with strong volume would give more validity to the direction. 7. Conclusion: - Bullish Bias: If the price breaks out of the flag with strong momentum and volume, a short-term bullish move towards the higher LQZs can be expected. - Bearish Bias: The overall trend and the formation of a lower high suggest a bearish continuation. If the price breaks down from the flag, the bearish scenario could play out with targets towards the lower LQZs. This breakdown gives you a structured view of the current market conditions on this chart. As always, consider combining this technical analysis with other factors like market sentiment, fundamental analysis, and your risk management strategies.
OANDA:XAUUSDLong
by Adlercon333
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold took a tumble last Friday, reversing its upward trend after disappointing economic data from the US. We saw a near 1% drop following a two-week high of $2477, driven by concerns about the health of the US economy. The latest Nonfarm Payrolls figures fell short of expectations, adding only 114K jobs in July, a significant miss from the estimated 175K. This comes on the heels of a dismal ISM Manufacturing PMI report, raising concerns about the health of the US economy. Major banks like Bank of America, Citi, and JP Morgan have adjusted their forecasts, now anticipating more aggressive rate cuts by the Federal Reserve. While gold remains bullish in the current environment, the path forward isn't clear. What’s next for gold? With the market dynamics shifting, the path of least resistance for this safe-haven asset remains bullish. But which route will it take? In this video, I dive deep into my swing trading strategy and share how I plan to navigate the current market environment. Join me as I break down the latest developments and outline my approach to capitalize on potential opportunities in the gold market next week. XAUUSD Technical Overview: This week, we're focusing on the crucial $2,20 - $2,425 zone. This is a big deal for gold traders - it could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand, and prices could head south breaking down the support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #gold #goldprice #goldtrading #swingtrading #marketanalysis #fed #rates #economy #usdata #nonfarmpayrolls #tradingstrategy #technicalanalysis #investing #finance #goldinvestors #goldbugs #goldnews #marketupdate📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
XAUUSD Gold Technical Analysis and Trade Idea👉 🔍 In this video, we take a detailed look at XAU/USD Gold. Recently, it broke structure on the daily time frame with a strong bullish move toward previous resistance levels. However, the 4-hour chart is currently showing a pattern of lower highs and lower lows, suggesting a short-term downward trend. Despite this, the price seems to be holding steady, and I'm watching for a potential bullish breakout. If the price breaks resistance and retraces into the 50%-61.8% Fibonacci zone, it could present a buying opportunity. As always, this video is intended for educational purposes and should not be taken as financial advice. 📊 ✅
FOREXCOM:XAUUSDLong
by fxtraderanthony
3
Fed decision is coming!Another assassination attempt, this time it was not a light graze of the ear, but a successful sniper. On Tuesday, the top leader of Hamas, Haniyeh, was killed! At that time, Haniyeh was attending the latest Iranian presidential employment ceremony. As a result, he was killed as soon as he appeared. Israel's beheading operation directly angered Hamas, and the geopolitical conflict escalated again. This year, when Israel launched a raid on Gaza, it had already killed Haniyeh's three sons. This time, the father was also sniped. At present, the White House of the United States has not made a statement. It is certain, but it is not good news for the two sides to reach a ceasefire to reduce geopolitical risks. In addition, the Bank of Japan's policy committee today passed the decision to raise interest rates by 7 votes to 2. This time the interest rate was raised by 15 basis points, and the interest rate was raised to 0.15%~0.25%. It is planned to reduce the monthly bond purchase scale by 3 trillion yen from the first quarter of 2026. Next, today's July ADP employment data for the United States, the small non-farm data is expected to remain the same as the previous value of 150,000. In the past, the number of ADP employment has declined for three consecutive months. If the number of employment continues to decline, the market will increase the possibility of a rate cut in September. In fact, the heavy data is today's Federal Reserve interest rate decision and Powell's speech at the press conference. Regarding the rate cut from October last year to now, a full 10 months have passed. Whether Powell will reveal more about the plan for the September rate cut in his speech will directly affect the trend of gold in the future. However, yesterday, gold was consolidated at 2385 for a long time, especially after repeated tests in the US market, it broke through the high point of 2397, which led to the original adjustment turning into an increase. The frequency of long and short conversions during this period is very high, and it is easy to keep up with the rhythm. Gold, after two days of adjustment, did not continue downward, but broke upward with 2370 and 2385 as support points, especially last night, the US market rose to 2397, breaking through the upper track of the downward channel and closing at 2400 US dollars. Then, today, the support position of 2403 was retested. This position is the top and bottom conversion formed by the high point of Monday morning. At present, it is used as support to continue to rise. After breaking through 2413 in the morning, it will step back to this position and continue to rise. First look at the previous high point of 2425-2430. Today, gold Asia and Europe use 2403-00 as the dividing point, and then 2410-12 as the support area, and continue upward to the 2425-2430 area. The focus will be on the Fed's interest rate decision, and today's news will be the key.
OANDA:XAUUSDLong
by Alligator-King
Goldman Sachs expects interest rate cut in JulyLast night, Powell mentioned in his speech that he would not wait until inflation fell to 2% before cutting interest rates. The market was in a frenzy, and even the spot gold market rose to $2,439, then fell back, still not breaking the high of $2,449 in May. But the market's optimistic expectations were opened. Goldman Sachs even released a report predicting that the Federal Reserve would announce a rate cut at the July interest rate meeting, with three main reasons: First: The US core CPI rose only 0.06% in June, so it is expected that the US CPI will be further moderate in July and August. In particular, housing inflation data has begun to weaken. Goldman Sachs expects that the June core PCE price index to be released on July 26 will only increase by 0.19% month-on-month. Second: The unemployment rate in the United States is rising and is close to the turning point. If high interest rates continue to be maintained, the unemployment rate will soar sharply. Third: The market has fully digested the expectation of a rate cut in September. Now the interest rate market believes that the probability of the Federal Reserve cutting interest rates in September is more than 90%. If the rate cut is clear, it is better to cut interest rates early than late. However, I think the probability of the Federal Reserve cutting interest rates in July is not very sufficient, and this research report by Goldman Sachs is just to attract the attention of global investors. Because the interest rate meeting in July is on the 31st, the time is too tight. Such a hasty rate cut, without sufficient preparation for the market, may trigger greater fluctuations in the financial market, and the US dollar index may not be able to bear it in terms of exchange rate. The Federal Reserve will have four more interest rate meetings this year. It can be said that each interest rate meeting will bring some turmoil to the market, and there is no need to cut interest rates so hastily. At this stage, some people even believe that a 25BP interest rate cut in September is not enough, and a 50BP interest rate cut will reverse the decline in the job market and prevent a recession. This expectation is too radical, and the Federal Reserve will certainly not stimulate the market in this way, because the market's overreaction will stimulate inflation again. Under such strong expectations, the gold price may challenge 2450 again, but the selling pressure is still there, and physical gold investment does not care about the fluctuations of the adjustment again. But for gold spot traders, the volatility arbitrage space near this is very large. So in the short term, how will the gold price go? 1. From the daily K-line, the gold price has broken through the high point in May. Funds are mostly in a defensive position at this position. From some trading seats, many people are reducing their trading positions, waiting for a breakthrough, or waiting for a sharp decline. 2. At present, it continues to fluctuate at a high level. Today, you can pay attention to the pressure of 2450-55, and you can go short when it is touched for the first time. Pay attention to the support below 2420-15, and maintain a high range of fluctuations today.
OANDA:XAUUSD
by Alligator-King
Go long after XAUUSD pulls back.Today, the price of gold broke a new high, with the highest price rising to $2,482, and has fallen back after the high. Regarding the Fed's expectations for interest rate cuts, I have recently communicated with some professional investors. Everyone generally believes that the interest rate cut is expected in September, and even believes that the Fed will cut interest rates three times in September, November, and December. Unlike market expectations, Trump's speech last night shocked the overseas investment market. In an interview with Business Weekly, he revealed heavy information: First: If Trump is elected this year, he will continue to appoint Powell as chairman of the Federal Reserve until the expiration of his term in 2028. Second, he also warned Powell to avoid interest rate cuts before the November election to prevent excessive employment rates and economic boosts from Biden's approval rating in the next few months. The public speech is Trump's campaign for the election, and also a coercion and inducement to Powell. Because Trump's probability of winning this year's election has exceeded 70%, and Powell's position as chairman of the Federal Reserve was given by Biden or the Democratic Party. So Trump gave Powell a price: no interest rate cuts before September, in order to reduce the possibility of Biden's comeback in the November election. If Powell is obedient, then in the next four years, Powell may still be able to control this important department that can command the world. Although the gold price has broken through a new high today, if the expectation of interest rate cuts in the short term cannot be fulfilled, I think it will be very difficult to rise again. Powell must consider his career and the interest groups behind him. Therefore, instead of cutting interest rates in September, the probability of cutting interest rates after the November election is increasing, and it is not ruled out that the Fed's first interest rate cut will reach 50BP. So how should we deal with the gold market next? From the trend of gold prices, after breaking through the key pressure of 2450, gold prices rose again this morning, releasing a lot of long momentum in the short term, and more energy is needed to continue to impact upward. So next we should pay more attention to the position of the top and bottom conversion. In terms of operation, we need to pay attention to today's opening position at 2468-69, pay attention to the pressure of this position, and pay attention to the support of 2450-2442 below, which is the top and bottom conversion position.
OANDA:XAUUSD
by Alligator-King
4R intraday trade setup on GoldOne of the new strategies I am testing to give away for free in cleo platform just generated a BUY signal on Gold. It expects retracement into the overlaying M15, M5 and M1 FVGs and targets local high at 2407. Entry: 2397 Final TP: 2407 (4.2R) SL: 2394.6 Will update if we get triggered. Trade is invalidated if price moves too far in the trade's direction (around 2402 is the first resistance area, so if the price reaches there and rejects, that is not a good signal).
OANDA:XAUUSDLong
by CleoFinance
2
Gold Wednesday Trading Strategies and Signals #xauusd Today is Tuesday. August 7. Gold fluctuated smoothly yesterday. There were very strong rebounds at multiple previous resistances. So today our trading settings also continue yesterday's smooth gold settings. Whether buying or selling, we can participate and make profits when the resistance area is reached. Buy: 2380-2383 Yesterday's gold starting point 2368-2372 The rising position of multiple trading days 2349-2353 Buy and hold after reaching. Sell: 2402-2404 Try or don't try. The signal is very weak. 2412-2416 Yesterday's resistance area 2426-2430 Sell when the price is reached Trade according to this trading range, and make a profit of 30-60-90pips each time. You will slowly accumulate your principal. I wish you all a smooth transaction. If you make a profit according to my trading strategy, please give me a thumbs up and join me
FX:XAUUSDShort
by MaudEvans
Xauusd up trend XAU/USD is currently showing signs of an upward trend, moving from a price of 2383 to 2400. This bullish movement can be attributed to the latest data on initial jobless claims, which may have positively impacted market sentiment towards gold. Investors often turn to safe-haven assets like gold in times of economic uncertainty, and a decrease in jobless claims could hint at a stronger economy, driving demand for gold and pushing its price higher. As a result, XAU/USD is experiencing an upward momentum, reflecting the current market conditions influenced by the initial jobless claim data.
OANDA:XAUUSDLong
by Khalifapatrick
XAUUSD 4HR Analysis XAUUSD 4HR Analysis 📊 XAUUSD 4HR Analysis Update Following this week's massive stock market crash, which began in the JPY markets and spilled over to the US and other markets, we witnessed gold take a significant dive from 2450 to 2365 due to intense bearish pressure. 📉 Despite this, the bull trend remains intact as the price rebounded off the daily trend low of 2365 and corrected back into the 2400s. Currently, sitting just above the 200 EMA, gold is looking to complete its next quarter phase by surging up to the key level of 2425-2450. This would address the imbalances caused by this week's events. 📈 I'm still optimistic about seeing 2500 by the end of the year, considering gold's growth rate over the past several years. What are your thoughts? 🤔 #XAUUSD
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick