ATH XAU ! 2638 and adjusted DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold (XAU/USD) hit a record high on Monday, driven by a weaker US Dollar and expectations of deeper Federal Reserve rate cuts. Geopolitical tensions in the Middle East are also boosting demand for safe-haven assets like gold.
Traders are watching the US Purchasing Managers Index (PMI) data, due later Monday. A stronger-than-expected result could strengthen the USD, potentially pressuring Gold prices.
⭐️ Personal comments NOVA:
Buying pressure is still strong - wait for new ATH areas: 2638 then steadily reduce liquidity below
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2603 - $2601 SL $2596
TP1: $2610
TP2: $2620
TP3: $2630
🔥SELL GOLD zone: $2638 - $2640 SL $2645
TP1: $2630
TP2: $2615
TP3: $2602
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Xauusdsignal
Gold Surges Above 2600—Prepare for a Potential Reversal
After enjoying a pleasant weekend, we’re back to the action-packed market. Gold unexpectedly broke through 2600, reaching a high of 2631 today. Unfortunately, our short positions from Friday were caught in a trap.
However, there's no need to worry—trust me, a significant drop is inevitable, and it might be more dramatic than we anticipate.
Currently, the 15-minute chart indicates a potential for a small rebound, while the 2-hour chart signals bearish momentum. Based on this setup, it's likely that a head and shoulders pattern could form. Our strategy should be to increase our short positions above 2620 and patiently wait for the decline to unfold.
XAUUSD (GOLD) → JUST a perpectivehello guys.
let's talk about the potential!
Gold touched the top line of the main ascending channel and hunted a little bit!
on the other side, it touched the 1.61 line of the breaking channel as well!
so we can expect the price will start a downward movement but we have not any confirmation in this time frame!
the lower time frame shows a changing structure but we cannot count on it yet! So we will save this perspective until the short confirmation releases!
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
#XAUUSD 15MINThe lower timeframe shows the price consolidating within a range, presenting two scenarios:
1. If the price closes above 2633.00, we will look for a long opportunity.
2. If it closes below 2625.00, we will seek a selling opportunity down to the support area.
Avoid placing advance orders for now; wait for solid confirmations before entering.
#XAUUSD
XAUUSD: End of the bullish move? OANDA:XAUUSD
Price on today rose to 2589 which is the record all time high on gold, and rejected from that point. Since that price has been consolidating in range. After looking at how price have behaved now we are certain that price is likely to drop. We need to monitor the price in asian session and see if we can see a huge drop in price.
XAUUSD:Bearish intraday
Last Friday, gold made a strong breakout above resistance, stabilizing above 2600. Today’s opening continues to show slight consolidation at high levels. From a technical perspective, the short-term outlook is bearish, indicating that at least one retest of the 2600 support is needed to determine if there is further upward momentum.
In my personal view, a deeper pullback is more likely. By early October, there’s a high probability of a return to the 2550 level. Thus, my mid-term strategy will focus on short positions. For intraday trading, the key focus will be on the 2600 support area—if it holds, a long position around that level could be considered.
New ATH XAU above 2630 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 9/23 - 9/27/2024
🔥 World situation:
Gold prices surged past $2,600 to a new record high, fueled by expectations of further rate cuts from the Federal Reserve (Fed) and rising tensions between Israel and Hezbollah. XAU/USD is trading at $2,621, up 1.37%.
Risk aversion is evident as Wall Street's major indices posted slight losses. Fed Governor Christopher Waller supported a 50-basis-point rate cut, expecting low August PCE inflation data.
🔥 Identify:
FOMO to create new ATH for XAU is still very large - continue to expect higher price zones next week, before the market corrects again. New ATH target: 2643-2665
🔥 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: $2638, $2650, 2665
Support : $2584, $2558, 2529
🔥 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’s Rally Continues, Correction in Sight?After a brief correction at the start of last week, Gold rebounded strongly, setting new all-time highs (ATHs) daily, including earlier today. While it's clear that no asset rises indefinitely, and a correction is likely at some point, pinpointing the exact level from where this will occur is challenging.
On the flip side, 2590 now stands as strong support. In the event of a pullback to this level, it would likely present a buying opportunity.
Monday Market Analysis and SignalsGold fluctuated in a narrow range near its historical high in the Asian market on Monday, and is currently trading around 2628. Gold prices broke through the $2,600 mark for the first time last Friday, and once refreshed the historical high to 2625, continuing the rally boosted by further US interest rate cuts and increased tensions in the Middle East.
The Federal Reserve cut interest rates by 50 basis points last Wednesday, launching an easing cycle, which has added vitality to the latest rise in gold prices. Gold prices have risen 27% so far in 2024, and are set to hit the largest annual increase since 2010, as investors seek to hedge against uncertainties caused by long-term conflicts in the Middle East and other regions.
Investors need to continue to pay attention to changes in market expectations for future Fed rate cuts and news related to the geopolitical situation. This week, the US PCE data for August will also be released, which is the inflation data that the Federal Reserve focuses on monitoring. The manufacturing PMI data for September in the United States and other Western countries will be released on this trading day. In addition, several Federal Reserve officials will give speeches, which investors need to pay close attention to.
There is no major change in the technical aspect, and the strong bullish trend is still maintained. The daily MA10/7-day moving average is upward, moving up to 2571/2588, the price is running on the upper track of the Bollinger Band, and the RSI indicator is at a high of 70. The short-term four-hour chart shows that the price continues to run in a trend, and the moving average opens upward and increases in volume. The RSI indicator needs to pay attention to coming above the value of 70 again. Generally, it is considered overbought when it reaches above the value of 80. Technically, gold continues to run in a trend structure, and the layout is mainly low and long. The historical high is unknown.
Trading strategy:
2608-2610 long, stop loss 2600, target 2630-2640;
2635-2637 short, stop loss 2646, target 2610-2600;
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we plotted the potential range and play pre-event (FOMC) giving the resistance level above which we said would present the opportunity to short if targeted and held. This gave traders a fantastic trade into that range low where we gave the targets 2565 and 2555, which were both achieved. We then update traders with the FOMC KOG Report and again gave the levels for the short if resistance was targeted, which worked well. We had identified the same order region which is where price tapped and bounced, giving traders that long we suggested to break above the 2600 level to complete KOGs weekly bias level targets.
Once that trade was taken, we decided to call it a week and wait for the close, giving us another fantastic week in Camelot, not only on Gold but also the other pairs we trade and apply the algo to.
So, what can we expect in the week ahead?
For this week we will say play caution on going long unless we get a pullback! Ideally, we want to see price attempt that 2630-35 region, with the extension of 2640, and if we see signs of a reversal there, we feel an opportunity to short the market is available, initially into the 2610 region and below that 2595 as shown with the red arrows on the chart. We need to monitor this move carefully as there are initial signs we may see a deep pull back next week, so please monitor the levels and watch the red boxes for the breaks!
On the flip, if we do start the week with a move downside, we will be looking at the 2610 level first for a RIP, and if achieved and defended we feel the long trade is available into that 2635 region where again we will look for signs of a reversal.
In summary, unless we break above the 2640 level we want price to give us better opportunities as the last thing we want to do is start taking losses, even small ones while price is still finding it’s feet up here. Hope that is clear for everyone!
KOG’s bias for the week:
Bullish above 2595 with targets above 2630, 2635 and extension level 2640
Bearish on break of 2595 with target below 2570
RED BOXES:
Look for red box breaks above 2626 to confirm move higher
Look for red box breaks below 2613 to confirm lower
As usual, please look out for the red boxes, KOG’s bias of the day and the updated analysis which is posted for the wider community.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Gold is moving from an upward phase to a correction phase!!!It has completed 5 ascending waves and considering that the price has reached the ceiling of the channel, we can expect price correction from this point.
Previous Analysis
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
I'm sorry, I have been short againBros, you all know that I shorted gold some time ago. Although I was stuck for a few days, gold still gave me a chance to close the position near 2553, and finally closed the position with a profit of $90K.
At present, gold has risen above 2620 again. I think there should be many brothers chasing gold. I am sorry, I started shorting gold again and plan to hold it in the medium term. Bros, I calculated in advance that if gold can fall to 2575, I can make more than $50K in profit. If gold unexpectedly falls to 2550, there will be another huge profit! I am looking forward to such a result!
Bros, let's wait and see!
Bearish - weekend correction after reaching ATH $2600⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) gained for the second consecutive day on Friday, approaching the record high reached after the Federal Reserve's significant interest rate cut earlier this week. The Fed also hinted at more cuts, weakening the US Dollar and supporting gold.
Concerns about economic slowdowns in the US and China, along with geopolitical tensions in the Middle East, further boost gold’s appeal. However, the global stock market rally limits strong gains for the safe-haven metal, keeping upward momentum in check during the Asian session.
⭐️ Personal comments NOVA:
Gold price reached ATH this week: 2600, In the context of many concerns about the impending economic recession - the psychology of waiting will cause gold prices to quickly adjust downwards.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2580 - $2578 SL $2573
TP1: $2588
TP2: $2595
TP3: $2603
🔥BUY GOLD zone: $2567 - $2565 SL $2560
TP1: $2573
TP2: $2580
TP3: $2590
🔥SELL GOLD zone: $2613 - $2615 SL $2620
TP1: $2600
TP2: $2585
TP3: $2560
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
XAUUSD: As long as it doesn’t break 2600, boldly sellYesterday's gold market was really frightening. First, the Federal Reserve announced an interest rate of 50 basis points, which was higher than market expectations. The price of gold rose from 2567 to 2600, setting a new historical high again. Then Powell's speech showed hesitation and uncertainty, and pointed out that the Fed was not in a hurry to cut interest rates. It would proceed at a suitable pace or slow during the interest rate cut cycle. This dovish speech led to a decline in investors' attractiveness to gold. The gold price plummeted from 2600 by $50 and stabilized the decline in the 2550-2560 range.
However, since the 50 basis point interest rate cut is already on the table, the Federal Reserve has launched a monetary easing policy and the first rate cut is larger than before. This makes the market believe that there may be another 50-100 basis point interest rate cut before the end of this year. Therefore, gold is now back again The high area of 2590.
Although there is still the possibility of interest rate cuts before the end of the year, I think that is a long-term problem, and for us who are short-term traders, it is not the focus of attention.
From the market point of view, after yesterday's sharp decline that started at 2600, the shape of gold has changed, and it is in line with the short-term peak signal.
Therefore, my view on the current gold is that it is bearish in the short term and bullish in the long term.
Trading strategy:
Now the gold price has reached the high range of 2600-2590. As long as it does not set a new high again, you can boldly sell here
Gold Roadmap!!!After the announcement of the US Federal Funds Rate (The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%.), Gold started to rise again after the bear trap from the Support zone($2,574-$2,560) .
Gold is currently moving near the Potential Reversal Zone(PRZ) and Resistance lines .
According to Elliott wave theory , Gold is completing microwave 5 of main wave 5 , which can be completed in the Potential Reversal Zone(PRZ) .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Gold to start falling from the Potential Reversal Zone(PRZ) , and the first target would be to break the Uptrend line and the Support zone($2,574-$2,560) .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Analysis of gold price trend on FridayGold fluctuated at a high level on Friday and is currently trading around 2597. Gold prices rose more than 1% on Thursday, reaching an intraday high of 2594, approaching the historical high set on Wednesday. Although the performance of U.S. initial jobless claims was good, which once put pressure on gold prices during the session, the Federal Reserve launched a monetary easing cycle, which still attracted bargain-hunting buying to support gold prices, and data showed that the U.S. real estate market was still struggling; in addition, the escalation of the conflict between Israel and Lebanon attracted safe-haven funds to support gold.
The U.S. dollar fell in volatile trading on Thursday, providing support for gold prices. The U.S. dollar index, which measures the exchange rate of the U.S. dollar against a basket of six currencies, fell 0.38% to 100.64 on Thursday after reversing the early gains; the market struggled to digest the Federal Reserve's sharp 50 basis point interest rate cut and the shift to an accommodative monetary policy stance. If you combine geopolitical risks with our current deficits, coupled with a low-yield environment and a weaker U.S. dollar, the combination of all these factors is the reason for the sharp rise in gold.
It should be noted that data showed that the number of initial jobless claims in the United States last week fell to the lowest level in four months, and the number of people continuing to receive unemployment benefits fell to the level since early June, suggesting that employment growth in September was solid and confirming that the economy continued to expand in the third quarter. This may limit the upside of gold prices. Investors need to pay attention to the interest rate decision of the Bank of Japan on this trading day, pay attention to news related to the geopolitical situation and speeches of Federal Reserve officials.
Technical side, gold has experienced a roller coaster ride and then rose sharply on Thursday, with prices rushing back above 2590. The daily line pattern is quite ugly, forming a red and blue alternation. The daily chart ended with a strong positive, and the price once again stood above the MA7/10 daily moving average at 2574/55. The price stood on the middle of the Bollinger band again and was in the current upper track channel. The RSI indicator was adjusted above the middle axis. Considering the large amplitude of the adjustment range, Friday's trading reference 2570/2600 intraday shock layout
Asian trading strategy:
2570-2573 long, stop loss 2562, target 2590-2600;
2596-2600 short, stop loss 2609, target 2580-2570;