GOLD ROUTE MAP UPDATEHey Everyone,
And another PIPTASTIC finish to the week, completing all our Bullish targets!!
After completing the first round of targets yesterday, we stated that we will now look for ema5 cross and lock above 2591 to open 2603 and 2615.
We got the lock above 2591 and then followed with the perfect hit on 2603 and 2615 completing the targets to perfection.
BULLISH TARGET
2581 - DONE
EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET
2591 - DONE
EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET
2603 - DONE
POTENTIALLY 2615 - DONE
BEARISH TARGETS
2567 - DONE
EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2554 (DONE) - 2538
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Goldtradingstrategy
9.20 Gold Short-term Operation StrategyAfter the price easily broke through 2600 today, it is difficult to move very strongly and will continue to run in a pattern with a fluctuating component.
Following the principle of bullish trend, even if you want to make a second bullish operation at night, you need to rely on the intraday high of yesterday and the low point of the hourly big positive line of 2595 as support, and the upper resistance is around 2618/2623
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.
GOLD – PREPARE FOR BATTLE - BREAKOUT AND RETESTTeam, GOLD PRICE is currently at 2609.83
We await the GOLD price to confirm and break out, then retest at 2604-.30-2603.32.
Then we will SHORT.
Target at 2594.88
Target 2 at 2584.88
Target 3 at 2580.80
Once the price hit first target bring stop loss to BE, it will be a fast sell off
XAUUSD M30 ANALYSIS | LOOKING FOR SELL MEAL!Hi, everyone! I hope you’re all doing great and geared up for today’s trading prospects. I’m eager to share my insights on XAUUSD and explore a potential setup that I believe could be quite beneficial for us.
Looking at the current market conditions, it’s evident that XAUUSD has recently tapped into all buy-side liquidity. This movement hints at a possible change in market sentiment and suggests the emergence of bearish momentum. With that in mind, I’m contemplating a short position on XAUUSD, targeting an entry point at 2600.
Here’s my thorough analysis:
Market Overview: The recent price action indicates that buyers may have reached their limit. With liquidity being exhausted, we could see sellers take charge, driving prices down. Historical trends and current patterns align with this bearish perspective, making it a prime opportunity to leverage potential declines.
Target Levels: For this trade, I’ve set my first target at 2685, with aspirations for further movement down to around 2675. These levels have previously demonstrated significant support, and I believe they will be pivotal during this trading session.
Risk Management: To safeguard our investment, I’ll be placing a stop loss at 2608. This provides a comfortable 80-pip cushion, allowing for some market fluctuations while protecting our capital. It’s crucial to implement a solid risk management strategy, especially in the dynamic environment of XAUUSD.
Trade Execution: I encourage each of you to evaluate this setup according to your own strategies and risk tolerance. Ensure that your trade aligns with your overall trading plan. If you’re considering this trade, I recommend staying alert for confirmation signals before making your move.
Community Interaction: I want to take a moment to thank you all for the amazing support and engagement you’ve shown towards my ideas. Your feedback inspires me and enhances our community. If you have insights, alternative viewpoints, or questions about this setup—or anything else—please share in the comments! I’m excited to discuss and learn from all of you.
Looking Ahead: As we navigate today’s trading session, let’s stay focused and flexible. Markets can shift quickly, and being prepared to adjust our strategies is essential for success. Remember, trading isn’t just about profits; it’s also about continuous learning and growth as traders.
Thank you all once again for being such a fantastic community! Together, let’s seize today’s trading opportunities. Here’s to a successful day ahead—let’s go for those profits! 🚀💰✨
Happy trading, everyone!
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;
Gold Thoughts 20-Sept-2024GOOD MORNING Everyone! Please find my Gold market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
9.20 gold short-term operation technical analysis Gold reversed in a deep V yesterday. Gold fell back to support and then rose again. It seems that gold bulls still have the momentum to continue to rise for the time being. Go long first when gold falls back in the early trading.
Gold's 30-minute moving average entered the golden cross pattern. Gold rose after falling yesterday. Gold bulls once again accumulated momentum to rise. It is still expected to continue to challenge new highs. Gold fell to 2569 last night and then rose directly.
Gold is currently high. After the Fed's interest rate decision, it adjusted deeply. Gold rose again. After the adjustment, gold fell back to support and continued to rise. There was no further decline, indicating that it is still in the stage of bull accumulation. Gold is expected to continue to rise; after breaking through the new high, it will accelerate.
Today's operation strategy
2595 short stop loss 2600. Target 2580-2570
2572 long, stop loss 2562, target 2590-2600;
Unlock the Market's Hidden Rollercoaster: How to Ride the WavesXau/Usd Review with my trading personality
As a Whimsical Rollercoaster Enthusiast, your trading style is likely driven by the excitement of quick market movements and the thrill of capturing early trades. You're probably someone who thrives on dynamic entries, enjoys the fast-paced action, and may have a more intuitive approach to the market. Let’s blend that with risk management to balance your adventurous spirit while still keeping a solid trading plan.
Technical Review for a Whimsical Rollercoaster Trader:
1. Key Levels to Watch:
2,595 (Resistance) and 2,580 (Support) are your playgrounds right now. You’re drawn to the thrill of what might happen at these zones.
If price pushes toward 2,595, you might feel an urge to jump in, expecting an immediate reaction. However, I encourage you to:
Embrace your adventurous nature but temper it with tactical precision.
Let the level hit and then wait for a quick confirmation (like a wick rejection or a mini pullback). This gives you both the excitement of early entry and higher probability without losing your edge.
Scenario: Price pushes toward 2,595. Here, your Risk Entry could be triggered:
Risk-Entry Plan:
Enter short at the first rejection of 2,595.
Set a tight stop-loss just above the liquidity zone (2,600), respecting your love for quick moves but protecting from being shaken out too soon.
Target the 2,580 area first, knowing the ride might be wild but worth it.
Why it suits you: It’s a quick decision, satisfying your need for speed, while the tight stop-loss aligns with managing risk. You get that thrill, but within guardrails.
2. Confirmation Entry – Building Momentum:
Confirmation Entries might feel a bit “slow” to you, but they can help ensure you stay in the game longer. Consider them when you want to ride bigger moves, not just quick scalp trades.
Scenario: If price breaks through 2,595, wait for a retest to confirm this zone is now support. Here’s where you bring in your whimsical nature: instead of waiting too long, spot a smaller timeframe pattern, like a bullish engulfing candle or a rejection wick, and go long.
Confirmation-Entry Plan:
Enter long at the retest of 2,595 after a clear rejection pattern. Think of it as waiting for the next loop on the rollercoaster — the bigger move is coming, and you want to be on board for it.
Set a slightly wider stop-loss, maybe under 2,580, to allow the trade to develop without getting knocked out early.
Aim for the next higher liquidity zones, like 2,600 or 2,615.
Why it suits you: This method still lets you catch the excitement of a momentum breakout, but the confirmation gives you more confidence. You still get the rush but with less risk of getting thrown out before the big move.
3. Patterns Within Patterns – Your Playground:
As a Whimsical Rollercoaster Enthusiast, you probably love when the market shows intricate patterns — they're like hidden rollercoaster tracks, revealing sudden twists and turns.
Scenario: If price breaks above 2,595, zoom into lower time frames and look for miniature patterns within the broader trend. You might find a bull flag within a larger ascending channel. Entering on these small corrective patterns can satisfy your need for fast-paced decision-making while riding the overall trend.
Plan:
Use these smaller patterns for quick entries. Set your stops just outside the pattern, and take profits quickly as the price breaks out.
Think of it as riding the small waves, but always looking for the bigger momentum move to follow.
Why it suits you: You’re jumping in on short-term opportunities while always keeping an eye on the next big move. This keeps you engaged and allows you to take action when you feel that burst of adrenaline without losing sight of the bigger picture.
4. Managing Whimsical Risk:
Stop-loss flexibility: As someone who enjoys spontaneity, a tight stop might feel restrictive but necessary. Here’s the compromise:
Set initial stops tight (like just above 2,595 if shorting), but allow yourself room to evolve the trade based on market action. If the trade moves in your favor, quickly move the stop to breakeven.
Mental Resilience: Losses will happen, but you need that mental discipline to jump back in without chasing every tick. Treat each trade like a separate rollercoaster ride — whether it’s a good or bad one, there’s always another one coming.
Use your intuition and excitement to recognize evolving setups. But keep a few rules in place to avoid the pitfalls of impulsivity (e.g., no more than 3 trades per day on a single idea to avoid over-trading).
5. Incorporating the Rule of Three:
For the rollercoaster trader, the Rule of Three is your ultimate guide. This rule asks you to identify at least three confirming factors before entering a trade:
Scenario: Price reaches 2,595:
You see a rejection (touch #1).
The lower time frame shows consolidation or a mini bear flag (touch #2).
Momentum begins to fade (touch #3).
Action: This triple confirmation allows you to short confidently, knowing you have the right mix of signals to back your bold entry.
Why it suits you: The Rule of Three still gives you the excitement of quickly entering trades but ensures they are high-probability setups. It prevents you from overtrading out of sheer excitement while still letting you capture those thrilling moves.
Summary Action Plan for a Whimsical Rollercoaster Trader:
Risk Entry: When you feel the market is ready to react at key levels (like 2,595), dive in! But do it smartly — use tight stop-losses and a quick decision-making process. Think of it as jumping onto the coaster right before it starts moving.
Confirmation Entry: Use this when you're looking for a bigger, smoother ride. Wait for the breakout-retest combo, then get in for the larger trend move. Stay patient here; it’s worth the wait.
Patterns within Patterns: Zoom into the mini rollercoasters inside the bigger structure. Catch the small waves but keep your eyes on the longer ride.
Trinity Rule : Ensure three factors align before entering. This rule keeps you disciplined while still embracing your whimsical nature.
STRONG BULLISH MOMENTUM Today, the technical analysis for XAU/USD (Gold against the US Dollar) indicates a strong bullish momentum. The price is hovering around $2,585, with upward momentum supported by various technical indicators:
RSI : 60.59, indicating a strong Buy .
MACD: Positive at 4.42, reinforcing the buying sentiment.
Moving Averages: The majority of moving averages (MA5, MA10, MA20, MA100) are signaling a Buy.
Take profit level: $2,592 and $2,600.87
entry Levels: $2,577.55 and $2,574.33
Overall, the short-term trend for gold seems bullish, driven by demand for safe-haven assets and technical buy signals. Traders should watch for resistance at the $2,620 level
Gold: Calm Market Expected: Focus on Short Positions
Yesterday's trades were very successful. I bought at 2552 and closed at 2578, then sold at 2588 and closed at 2572, resulting in solid profits.
It's Friday, and with no significant news scheduled for release—aside from uncontrollable events like natural disasters—the market should remain calm today. A $20 range would already be considerable movement.
An upward move is unlikely. On a day like this, relying purely on technical patterns, a breakout above 2600 is a pipe dream. Instead, the probability of dropping to 2572 is much higher.
So, the strategy for today is to focus on selling. There's no need to consider bullish trades.
What's Next For Gold?Thursday's Daily candle formed an inside bar, there are a lot of long positions being held by buyers at the lows of yesterday's candle.
I expect price to rally above yesterday's high to allow buyers to take profit and then dump into yesterday's lows .
Price points are on the chart as well as directional bias.
Gold's Wild Ride: Rebound Completed, Time to Short Again
Crazy gold! The market has regained all of yesterday’s losses in today’s rally. This market is always full of surprises!
Now it's clear that the resistance at 2600 is very strong. Since it couldn't break through, it's time to switch back to short positions. What rose from here is likely to fall back down to the same level.
Sell, with a target profit (TP) at 2572.
We are preparing GOLD. Team, we will wait for another 5 minutes to confirm the trade if it drops low toward 2585.30
Once the short is taking place, please stop loss at 2592.92
If the market pulls back toward 2588-2590, we will have another short, but our stop loss will be at 2595.63
Target 1 at 2580.49
Target 2 at 2576.10
NOTE: if you do a small volume, you can stop loss in the safe zone.
XAUUSD SELL NOW ! WEEKLY CLOSING DAY!Go through the analysis carefully, and do trade accordingly.
Resistance- 2591-2594
Resistance-2612-2616
Support- 2571-2565
Support-2551-2555
Support-2541-2545
Strong support area- 2531-2535
Gold Signal Daily for the week
Current price- 2587.9
"if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618"
Advice-For Buying
Best buying area= 2530-2535
For selling
Best selling area= 2600-2616-2630
-POSSIBILITY-1
If 2571 break and sustain then you can sell gold with retest target will be 2545-2535
-POSSIBILITY-2
If it breaks 2600 and sustains then you can sell gold with retest target will be 2616-2630
GOLD ROUTE MAP UPDATEHey Everyone,
What can I say.....Another PIPTASTIC day on the charts today!!
We got the break below 2567 opening the retracement range, which gave the perfect bounce into the upper Goldturns 2581 and then 2591, completing our open Bullish target that we highlighted earlier this week. - BOOOOOM!!
We will now look for ema5 cross and lock above 2591 to open the range above or failure to lock will follow with a rejection into the lower Goldturns for support and bounce on the weighted levels.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2581 - DONE
EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET
2591 - DONE
EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET
2603
POTENTIALLY 2615
BEARISH TARGETS
2567 - DONE
EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2554 (DONE) - 2538
EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE
SWING RANGE
2516 - 2506
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD ANOTHER SETUP IN M30 IS READY | BEAR IN CONTROLHello, everyone! I hope you’re all doing well and ready to dive into today’s trading opportunities. I’m excited to share my analysis on XAUUSD and discuss a potential setup that I believe could be quite rewarding for us.
As we assess the current market landscape, it’s clear that xauusd has recently grabbed all buy-side liquidity. This movement indicates a potential shift in market sentiment and opens the door to bearish momentum. With this in mind, I’m considering a short position on xauusd, with my entry point at 2575.
Here’s my detailed outlook:
Market Analysis: The price action we’ve seen suggests that buyers have exhausted their strength. With liquidity being tapped out, we’re now likely to see sellers take control, pushing prices lower. Historical patterns and current trends support this bearish outlook, making it an opportune moment to capitalize on potential downward movement.
Target Levels: For this trade, my first target is set at 2562, and I’m aiming for further downside to around 2548. These levels have shown significant support in the past, and I anticipate they will be crucial in this trading session.
Risk Management: To protect our investment, I’m implementing a stop loss at 2595. This provides us with a comfortable buffer, allowing for some market fluctuation while safeguarding our capital. It’s essential to have a clear risk management strategy in place, especially in volatile markets like xauusd.
Trade Execution: I encourage everyone to analyze this setup based on your own strategies and risk tolerance. Always ensure that your trade aligns with your overall trading plan. If you’re considering this trade, I recommend staying vigilant and watching for confirmation signals before entering.
Community Engagement: I want to take a moment to express my heartfelt gratitude for the incredible support and engagement you’ve shown for my ideas. Your feedback not only motivates me but also enriches our community. If you have insights, alternative perspectives, or questions about this setup—or if there’s anything else on your mind—please share in the comments! I’m eager to discuss and learn from all of you.
Looking Ahead: As we navigate today’s trading session, let’s remain focused and adaptable. The markets can change rapidly, and being prepared to adjust our strategies is key to success. Remember, trading is not just about making profits; it’s also about continuous learning and growth as traders.
Thank you all once again for being such a fantastic community! Together, let’s make the most of today’s trading opportunities. Here’s to a successful day ahead—let’s aim for those profits! 🚀💰✨
Happy trading, everyone!
SHORT GOLD AT 2593.17Team, this morning we went long on gold at 2558, and we successfully got out of our target
We were waiting patiently for the price to be calculated for the shorting.
Our shorting price at 2593.16
our stop loss at 2602.30
Our first target at 2584.46
and 2580.51
PLEASE NOTE: once the price hit below 2590, trail stop loss to BE.
Gold is still in Bull TrendAs u can see, daily Gold is basically above SMA 24, pulling Moving Averages above and above.
Stop Loss: Three consecutive Daily close below that SMA 24.
Otherwise, Increase position everyday Gold above SMA 24.
Fundamentals: Fed start rate cutting cycle by 50bps, as well as geopolitical uncertainties all benefits gold.
Gold: Corrective Rebound Expected Before Further Decline
Yesterday, gold experienced extreme volatility, surging before a sharp sell-off. Today, the market should see less fluctuation as much of the news has been priced in. However, another key report is expected during New York trading hours, and I believe short positions will be more favorable following its release.
Before the data comes out, a long position could be effective, given the steep decline yesterday. There is likely to be a corrective bounce as buyers step in to capitalize on the sharp drop, so I see going long ahead of the news as a good move.
Will Gold Shine Again? Key Levels to Watch!Gold is currently trading at 2578, aligning precisely with the 61.8% Fibonacci retracement level. The RSI on the H4 chart stands at 76.36, indicating overbought conditions just before the market closed.
Following the market reopening, gold may experience a short-term pullback towards the 2572/2573 range, with potential further decline to 2561, driven by market forces. However, a bullish reversal is possible leading up to the Fed Interest decision announcement.
The price could break the 2602 resistance level. It is anticipated, though, that gold might retrace to the 2544 and 2522 levels after the US Fed Interest decision on Sept 19. If you are holding sell positions, it’s advisable to have risk management strategies in place up to the 2634 level.