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GOLD 4H / Bearish correction outlook before FED RateGold Technical Analysis - 16 Sep. 2024 Gold Rises on Softer U.S. Dollar, U.S. Rate-Cut Expectations GOLD recorded a new peak at 2589 and stabilized at a new bullish zone while above 2527 for the long term. Now the price should break 2578 to be a downtrend toward 2570 and 2553, but stabilizing above 2580 it will be sensitive to touch 2599 before dropping, we expect a bearish trend till the Fed rate Day, Key Levels: - Pivot Point: 2580 - Resistance: 2590, 2600, 2625 - Support: 2570, 2554, 2543 Trend: - Consolidation: 2570 - 2600 - Bullish: Above 2580 - Bearish: Below 2578
OANDA:XAUUSDShort
by SroshMayi
XAUUSD: Analysis and strategy before the Fed rate decisionYesterday's view on gold was still very accurate. In the article, I clearly stated that there would be a correction before the Fed's interest rate decision, and the window period was after the data was released. As expected, under the premise of multiple negative data and a large number of long orders being profited, the gold price fell all the way to 2560, which also gave us the opportunity to close the short positions we held last week. The Federal Reserve's interest rate decision will be announced today. My prediction for a rate cut is 25 basis points. The possibility of 50 basis points is not high in my opinion, but it has to be guarded against. In the context of the upcoming announcement of the interest rate cut, today's trading strategy must be based on the number of basis points of interest rate cuts to formulate a trading plan, so I give the following suggestions for your reference: In the case of a 25 basis point interest rate cut: I personally think that the gold price will rise first and then fall. First of all, the interest rate cut is definitely good for gold, but because of the continuous interest rate cut remarks for a month, the gold price has now reached a historical high of 2590, and has digested the impact of the interest rate cut in advance. The rise in gold prices from 2530-2590 is largely due to some investors' belief that the Fed will be concerned about employment issues, which greatly increases the probability of a 50 basis point rate cut. Therefore, once the announced value does not meet expectations, the price of gold will inevitably fall. In the case of a 50 basis point rate cut: There is no doubt that gold prices will continue to rise and set a new high again.
OANDA:XAUUSDShort
by AntonyTP
XAUUSD: 18/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2590, support below 2530 Four-hour resistance 2582, support below 2556 Gold accelerated its rise after breaking 2531 last week. It is still in a bullish pattern. Although the market fell under pressure around 2590 on Monday and Tuesday this week, it fell to 2560 at its lowest and still failed to fall below 2556. The short-term market is a high-level sideways shock trend. With 2556 as the stop loss position, you can continue to buy low and pay attention to the suppression of 2590 area. Before the Fed's news lands, both the long and short sides will not make too much movement, and the market will not fluctuate too much. You can just enter and exit quickly around the range in the short term. In terms of intraday short-term operations, the market generally expects the Fed to cut interest rates, but it is just a matter of how much the rate cut is. In theory, the rate hike is good for gold, but the news has been in the market for too long. Once the expectations of the bulls are met, the bulls will take profits and gold will fall sharply. Therefore, before the news is released, gold will continue to go long around the 2556 line, but a smaller SL must be set, and orders must not be held against the trend. Before the interest rate decision, if it reaches a new high near the 2590 area and then stagnates, you can go short. Try not to trade in the middle area, wait patiently for the layout at the boundary, and participate with a small stop loss. BUY:2560near SL:2556 SELL:2582near SL:2589 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Fed Rate: How to Trade Gold Amidst Market Uncertainty? The excitement is building as the Federal Reserve is about to announce its rate decision—whether it's a 25 or 50 basis point cut. Will gold reach new highs or begin a downward trend? Let’s wait and see. From a personal perspective, I'm not particularly concerned about the impact on trading. Whether the market moves up or down, it will eventually return to the current price levels. Especially after a surge, there’s no need to worry too much. For those trading today, do not set stop losses on short positions. If gold rises, simply add to your position or hedge by opening long trades. The 2600 level is a critical resistance point, and even if it breaks through due to the announcement, it won’t hold for long without a retracement. At that point, simply close your long positions and add more short positions. This trading strategy should be helpful for those looking to navigate the volatility. Feel free to ask any questions or leave comments!
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our chart idea playing out, as analysed. Yesterday after hitting the bearish target 2567, we stated that we need ema5 to cross and lock below 2567 to open the retracement range for a test and failure to lock below 2567 and we will see the Goldlturns above being re-tested. - No cross below 2567 confirmed the bounce and gave multiple bounces off this level of over 30 to 40 pips, just like we analysed and now left 2581 open for a re-test, which fell short by just a few pips. We will see price range between 2567 and 2581, until we see a cross and lock on either level to confirm breakout to the next range. 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 are taking extra caution with our buys in this new range, as bigger corrections are likely. 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 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 - 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
OANDA:XAUUSD
by Goldviewfx
8
9.19 Gold Short-term Operation StrategyThe Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction? On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support level. On the other hand, buyers want to see prices break higher to increase bullish bets and pursue new highs , if the Fed eventually chooses to cut interest rates by 25 basis points, the market may react quickly, causing the US dollar to rebound. But if the Fed is as dovish as the market expects, cuts interest rates by 50 basis points, and sends signals of more interest rate cuts in the future, the US dollar will weaken further, pushing gold prices higher again, even breaking through the $2,600/ounce mark. Although the market expects the Fed to cut interest rates, there is still uncertainty about the magnitude and subsequent policy guidance. If the rate cut is only 25 basis points, it may suppress the short-term demand for gold, and investors will turn to wait and see. If the Fed's policy tends to be cautious, the safe-haven demand for gold may weaken, leading to a short-term sell-off in the market. If the Fed eventually cuts interest rates significantly and signals further easing in the future, gold will benefit from the continued weakening of the dollar and break through historical highs. At the same time, global economic uncertainty and geopolitical risks will continue to provide long-term safe-haven demand support for gold.
TVC:GOLD
by David_strategy
1
Gold Fomc Movement Buy/SellGo through the analysis carefully, and do trade accordingly. Resistance- 2589-2591 Resistance-2612-2616 Support- 2571-2565 Support-2551-2555 Support-2541-2545 Strong support area- 2531-2535 Gold Signal Daiky for the week Current price- 2572.3 "if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618" Advice-For Buying Best buying area= 2535-2540 For selling Best selling area= 2600-2616-2630 -POSSIBILITY-1 If 2561 break and sustain then you can sell gold with retest target will be 2545-2535 -POSSIBILITY-2 If it breaks 2591 and sustains then you can sell gold with retest target will be 2616-2630
TVC:GOLD
by Goldsignaldaily
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
OANDA:XAUUSDLong
by ForexMasters2000
9.18 Technical Analysis of Gold Short-term OperationsToday, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all. Yesterday, the 2600 line was not kicked off, but fell back with a big negative. Technical points: (1) The European session bottomed out and rebounded, and the price continued to return to Monday's low, which broke our expectation of a strong and non-retracement. (2) The European session continued to retreat to 2386, but still did not break the high. Yesterday, the focus was on the European session rising. If the European session fell, the market would turn to volatility. (3) Before the US session, the intraday low continued to be broken, and the hourly line was negative, so the US session must be expected to fluctuate. The European session broke the bottom for the second time, and the US session pulled back to short. It is expected that the US session will continue to break the bottom. After all, the price is good, and everyone is afraid that the long orders will be stuck at the top of the mountain, so they are willing to go short. Operation strategy: 1. Before the meeting, continue to arrange according to the technical pattern. Short-term short position at 2575 can be shorted within the day, with a loss of 85, and look at 2555-50. 2. If it cannot be reached before the meeting, the price will remain the same. The Fed meeting will be closed for a break. If it can break the high before the meeting, hold it and look for a new high.
TVC:GOLDShort
by David_strategy
9.18 Gold Short-term Operation StrategyGold rebounded from a high level and built a top. Don't chase long easily. Gold rebound is an opportunity for shorts. The Fed's interest rate decision and the expectation of interest rate cuts are about to be fulfilled. The positive news for gold is fulfilled and it may rise and fall. Gold broke down after repeated fluctuations at a high level in 1 hour. The top structure is obvious. The gold 1 hour moving average also began to turn around. The gold 1 hour moving average formed a dead cross, so there is more room for gold to fall and adjust. Gold rebounded last night but did not break through the resistance of 2582. In the morning, it continued to go short at highs under the resistance of 2582. Strategy: SELL: 2575 stop loss; 2582
TVC:GOLDShort
by David_strategy
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OANDA:XAUEURShort
by Thief_Trader
Gold Fomc Movement! Gold Sell or Buy?Go through the analysis carefully, and do trade accordingly. Resistance- 2589-2591 Resistance-2612-2616 Resistance-2630-2650 Support- 2571-2565 Support-2551-2555 Support-2541-2545 Strong support area- 2531-2535 Gold Signal H4 for the week Current price- 2569.7 "if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618" Advice-For Buying Best buying area= 2535-2540 For selling Best selling area= 2600-2616-2630 -POSSIBILITY-1 If 2555 break and sustain then you can sell gold with retest target will be 2545-2535 -POSSIBILITY-2 If it breaks 2591 and sustains then you can sell gold with retest target will be 2616-2630-2650
TVC:GOLD
by Goldsignaldaily
GOLD ROUTE MAP UPDATEHey Everyone, Another ranging day with side by side movement for the most part of today, as the market looks for a blueprint in this new range. Yesterday we got the first Bullish target hit at 2581 and stated that we needed to also keep in mind the Bearish gap below at 2567. Today we got the bearish target 2567 hit and now ema5 is playing just above the level. If we see a cross and lock below 2567 then we will see the retracement range open up for a test. Failure to lock below 2567 and we will see the Goldlturns above being re-tested keeping in mind the open gaps above. 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 are taking extra caution with our buys in this new range, as bigger corrections are likely. 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 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 - 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
OANDA:XAUUSD
by Goldviewfx
9
XAUUSD: The decline is about to begin, have you sold?After gold rose to the high point of 2580-2590, it basically maintained a shock consolidation this week. So far, no new historical highs have been triggered this week. For now, most investors in the market believe that the Fed's interest rate decision will be a node, but in fact, it is not. I think today's data will be a window for a change. Because the closer the interest rate decision is, the more people will be eager to close the profitable long orders, which will quickly weaken the long force and give the short force an opportunity to take advantage of the situation. So I think there is a high probability that there will be a callback before the interest rate decision. Trading strategy: Sell in the 2580-2590 area, the target is first to look at the 2550 area, and the second is the previous high 2530 area. I personally still hold on to the short orders I held last week. After adding positions at high levels several times, the average price is now at 2567. As long as the gold price falls, our trapped orders can be closed at a profit.
TVC:GOLDShort
by AntonyTP
2
XAUUSD | Bearish DivergenceCurrently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows while moving within a parallel channel, supported by its trendline. Additionally, fundamental factors are pushing gold to reach new highs. However, on the 1-hour time frame, there is a hidden bearish divergence, suggesting a potential trend reversal into a downtrend. This indicates that we may soon see the formation of new lower highs (LH) and lower lows (LL), and the price could move towards a high-demand zone. Moreover, with high-impact USD news expected this week, we anticipate a potential retracement in price. After this pullback, we could expect an upward rally in gold. In summary: 1: Uptrend: Gold is making higher highs and higher lows, moving within a parallel channel. 2: Fundamentals: Support the uptrend and push for new highs. 3: Hidden Bearish Divergence: On the 1-hour chart, indicating a potential shift to a downtrend. 4: High-Impact USD News: Expected to cause a retracement, followed by a potential upward rally. Expectation: A short-term pullback, followed by a possible continuation of the uptrend. These factors suggest short-term downside potential before a likely continuation of the uptrend.
TVC:GOLDShort
by awaisulabdeen
Gold: Will start selling above 2590 Currently, the gold price is at 2584. I believe it should rise to the 2590-2596 range before starting to decline, with a significant drop likely to occur, potentially reaching the 2563 area. Therefore, I plan to initiate a sell position near 2590, with take-profit targets set in the 2573-2561 range. Gold's price movement could be influenced by market supply and demand, geopolitical risks, and economic data, so I will closely monitor market developments to adjust my strategy as needed.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
1
9.17 Technical Analysis of Gold Short-term OperationsGold prices did not fluctuate much during the day. It retreated to the lowest level of 2574.50 in the Asian session, and then turned positive and moved upward. However, the space has not been opened yet, and it is in the rhythm of range fluctuations. For the extremely strong trend in the past few days, the recent two days have been mainly corrections. At the same time, even if it retreats, it is difficult to have a continuous decline, so the European session continues to see a rebound. Recently, the market has paid close attention to the Fed's interest rate decision on Wednesday, and there are different views on how much to reduce. Before the announcement, the market trend is more cautious, which means that it is difficult to have a large operating space. Today's analysis 1. At present, in the process of consolidation at a high level, the ups and downs are high, and the space is difficult to open 2. After all, the overall trend is bullish, and there is still a demand for rebound after the correction 3. After the Asian market went sideways, it stepped back to the previous starting point of 2574.50, and then there was no strong pullback in the European session. Two consecutive positives tested the high point of the morning pullback near 2586.30 and did not continue to rise. Then the hourly line turned negative and continued to pull back. For a strong pattern, there is some lack of momentum, and the shock component has increased. Continue to follow the trend with long positions. In the previous trading day, we relied on 2578 to look up to 2590. In the morning, we continued to look up around 2576/1, and looked up to 2587, but failed to reach 2600. The dream of 2600 has not yet been realized! From the market point of view, the low point of the afternoon retracement is around 2574.50. The European session can continue to retrace, and even cross or break through, but it cannot deviate too much from the intraday low, otherwise it will limit the momentum of the evening pull-up. The position of the golden section line 236 is near 2571, which is also the support position of the lower trend line, so pay attention to the opportunity to continue to rebound below 2571 in the evening, and the upper resistance is near 2590.
TVC:GOLDLong
by David_strategy