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Goldtradingstrategy

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.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
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.
CAPITALCOM:GOLDLong
by AsifYeasinKabir
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