XAUUSD I Bearish USD Jolts Jobs Report I Bullish Breakout Welcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Goldtradingstrategy
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our analysis playing out, as planned.
Yesterday after completing the retracement range target at 2484 we stated a break below this level would open the swing range. This was open and hit perfectly today completing the first swing target at 2472. The swing range did exactly what it says on the tin by providing the extended bounce swing from 2472 into 2484 completing the swing.
We will now look for a 2498 weighted resistance re-test and a cross and lock above this level will re-open the range above. Failure to test and lock above this level will follow with another 2484 weighted support test and a further cross and lock below 2484 will this time open the full swing range for the extended swing bounce.
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
2509
EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2524
2535
BEARISH TARGETS
2498 - DONE
EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2484 - DONE
EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE
SWING RANGE
2472 (DONE) - 2461
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
78 Close the position with a profit of 13 points. Look for the s1: Fundamentals, the market is waiting for data, and the trend of waiting for data is very obvious. The Asian market is basically dominated by fluctuations; waiting for European market data, because the data will wash the market, and pierce, the trend of hitting stop loss makes the account and trading very difficult;
We can only wait for the data for 1-2 hours to see whether the market is stable,
2: Technical aspects:
A: In the small cycle, 1 hour, 30 minutes, it tends to the range of 2480-2500. In the range, you can take 2500-2495 short, and the following 2480-2485 range is long, and do small ranges;
B: 4 hours, the pattern oscillates downward, and the indicator oscillates upward. This is a contradiction. To solve this contradictory signal, there is only a wash up and down, and finally a certain degree of direction; 2470 is currently a double support, buying support, and will not break for the time being; unless capital selling knocks out the long buying at 2470;
C: In the daily K, the indicator crosses downward, which is a bearish signal, so short selling can be adopted, but 2470 has not been broken, and it needs external stimulation to break 2470; the high point pressure in the short term is around 2530, which is also the watershed position of the trend;
To sum up: short-term intraday short-term small range 2500-2495 short, 2480-2485 range long; US market 8:30 data, it is recommended to avoid; avoid risks, let the trend go by itself, there will be data on Thursday and Friday; after this week, the trend will be clear; in the vague trend, it is not recommended to force and force long and short exchanges
XAU/USD 04 September 2024 Intraday AnalysisH4 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
M15 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 03 September 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price is stuck within an internal range and is most probably awaiting a catalyst (macroeconomic or geopolitical)
Technically price should target weak internal low and is currently reacting at premium of internal 50% EQ, however, price has ben printing low volume bars with no clear internal range direction.
Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong internal high.
M15 Chart:
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
Gold price analysis September 4☘️Fundamental Analysis
Gold prices bounced from multi-day lows but remained below the $2,500 mark amid renewed buying in the US Dollar (USD) on Wednesday. However, ongoing geopolitical risks and the Federal Reserve’s (Fed) impending rate cut could support the yellow metal in the near term. Later on Wednesday, JOLTS Job Openings and the Fed Beige Book will be released. Investors will be closely watching Friday’s highly anticipated US Non-Farm Payrolls (NFP) for August, which could determine the size and pace of a potential rate cut at the Federal Reserve’s September policy meeting. If the report shows a weaker-than-expected reading, it could fuel speculation of a US recession and a faster rate cut by the Fed. This in turn could boost the precious metal further as lower interest rates reduce the opportunity cost of holding non-yielding Gold.
☘️Technical Analysis
At the end of the trading session, gold was booked by investors as it was pushed up from the beginning of the session, causing gold to fall from 2497 to 2487. The 2485 price zone became an important zone when the European session jumped in. The price is approaching this zone for those who can execute the BUY scalp signal. This week's trend will continue to decrease in price until the Nonfarm data is released to shape the current gold trend. A deep pullback to the lows is seen as an opportunity to buy long term when interest rates fall. Today, pay attention to the 2461 and 2472 zones for a BUY strategy.
Resistance: 2505 - 2509 - 2515 - 2524 - 2535
Support: 2491 - 2485 - 2472 - 2461 - 2454 - 2440
SELL price zone 2513 - 2515 stoploss 2518
SELL price zone 2505 - 2507 stoploss 2511
BUY price zone 2474 - 2472 stoploss 2469
BUY price zone 2460 - 2462 stoploss 2456
9.4 Gold short-term operation strategyGold 2480 broke as expected.
The US dollar rose 0.26% during the week, hitting a two-week high of 101.9. Affected by the surge in the US dollar index, the price of gold hit a new low of more than a week to around 2473 yesterday. However, the poor performance of the US ISM manufacturing PMI data dragged down the US bond yields, providing support for the gold price. It rebounded slightly in the late trading, and the daily line closed with a small negative column with a long upper and lower lead.
The market is waiting for the US non-farm employment data, which may determine the scale of the possible interest rate cut at the Federal Reserve's September policy meeting.
After the US holiday on Monday, gold finally broke out on Tuesday, breaking through 2480 all the way during the session and reaching the 2473 line. As we said, the market reached 2480. The 2502 short order given yesterday was basically the highest short order of the day, and once won 22 points of profit.
The recent market is actually a market for making money. As long as gold rebounds, you can short it. The current price is more stimulated by the news, and it will not be supported for long. At present, 2480 has been broken. The area of 2473-74 is a strong support. If it breaks down, it will go to the 2460 line. Based on the current trend, there is still a high probability. The 4-hour trend shows that the downward channel has been opened. If it rebounds around 2500 today, you can participate in short orders.
Detailed intraday operation strategy:
Short at 2505, defend at 2513, target 2490-2480
Buy at 2480, defend at 2473, target 2500-2505
9.4 Analysis of Short-term Gold OperationsThe U.S. market broke the bottom and reversed, with three negative daily lines, and the price completely broke the short-term 5-day and 10-day moving averages.
2490 did not hold, but this decline was not restless either.
1. They all fell first in the Asian market.
2. The European market is still rebounding and rising, forming an illusion of support.
3. The U.S. market fell 6-8 points before the intraday low, and the drop at this point basically determined the U.S. market to retreat.
4. The U.S. market continued to counterattack the 2502 line, which was considered a shock. It broke the intraday decline and rebounded 618, and also broke the top-bottom conversion level.
5. After the US market broke through the bottom, the difference was slightly 2470-1, the previous low.
6. It pulled back upward in the early morning, touching the intraday drop of 618 at the 2494 line.
From this we can see several points:
(1), it fell in a cycle in the morning.
(2) Oscillating retracement, the strength of the rebound is also OK. Although the decline is large, it can be closed up, and it is not an extremely weak decline.
(3) The daily rhythm is three Yin, reaching the edge of the maximum correction. Today's market should turn positive. This pattern, if there is a swallowing decline, the overall weakness will be weak, but this constitutes that it should still be a bull wash.
Therefore, in terms of operation:
You can get rid of the cycle and bet on the retracement first. The resistance level is 2492, which is the 618 position of yesterday's decline and rebound. If it breaks 2502, it will lose money and look at the 2483-4 line.
Pay attention to two points: if it falls in the morning, you should sell in the afternoon.
In addition, if the morning does not fall to the target level, it will break the high in the afternoon and the short will be evacuated.
There will be a cycle in the afternoon, and the European session will rise.
If the cycle in the afternoon is stuck, if it touches the 2483-4 line, it will be long, and the loss will be 73. Look for the intraday European session to pull up. The extreme retracement long position is 2481.5, which is the 618 position of the rebound and rise. But if the market resists the decline in the morning, it will be more aggressive in the afternoon, and the market will be above 2500.
GOLD SELL Idea | $2480-2435 expected- Gold prices remained close to their recent all-time highs last week, driven by strong market sentiment and expectations of an interest rate cut by the Federal Reserve in September. This optimism follows comments from Fed Chair Jerome Powell, who suggested a potential policy shift, fueling speculation that the Fed may reduce rates by 25 basis points, with some possibility of a 50-basis-point cut. This expectation has been a key factor in sustaining gold’s rally.
- On Friday, gold prices experienced a slight decline due to profit-taking after the release of U.S. inflation data. The Personal Consumption Expenditures (PCE) price index, which rose by 0.2% in July, met expectations and confirmed that inflation is no longer the Fed's main concern. Instead, the Fed is focusing on unemployment and economic growth, with revised Q2 GDP growth of 3% and declining jobless claims reducing fears of a recession.
- Geopolitical tensions, particularly in the Middle East with the ongoing conflict between Israel and Hamas, have also increased demand for gold as a safe haven. Central banks have continued to purchase gold, further supporting prices, with some analysts predicting that gold could approach $3,000 by the end of the year.
- Looking ahead, the upcoming U.S. non-farm payroll report will be crucial in determining the Fed's next move. A weaker-than-expected jobs report could increase the likelihood of a larger rate cut, potentially driving gold prices higher. However, traders should be cautious of potential risks, such as weak physical demand in major Asian markets like China and the fact that many investors are already heavily positioned in gold, which could limit further gains.
XAUUSD: 3/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2501, support below 2490
Gold operation suggestions: Yesterday, gold fell rapidly downward in the Asian session, pierced the 2500 mark and quickly rebounded near the 2490 mark, and fell into a shock consolidation. In the European session, it once rebounded upward and pierced the 2507 mark, suppressed and fell into a sideways shock. Because the NY market was closed yesterday, it ran in a narrow range. The overall price showed a shock consolidation below the 2515 mark. Gold still has a multiple top structure in 4 hours. The moving average resistance has now moved down to the line near 2507. Gold rebounded below 2507 and continued to be short at highs. Gold shorts have not ended yet. Gold rebounds are opportunities for shorts. Gold is now building a top structure. Once formed, the decline of gold has just begun.
From the 4-hour analysis, today's upper resistance focuses on the opening of yesterday's decline at 2507-12. The intraday rebound relies on this position to continue to fall back. The lower target continues to look at a new low. The short-term gold price long and short strength watershed focuses on the 2515 mark. Before the daily level breaks through and stands on this position, maintain a short-selling strategy.
BUY:2490near SL:2486
SELL:2508near SL:2511
SELL:2525near SL:2529
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 1H chart idea, which has been playing out level to level.
Yesterday on our 4H chart update we stated that our 1H chart had a lock below opening the lower range. This was the 2498 bearish target, which was hit and followed with a cross and lock opening the retracement range 2484. This was also hit perfectly and gave the perfect bounce, as part of our plans to buy dips from the weighted levels.
We currently still have a gap above at 2509 and will only target this if the lower weighted levels are rejected with no further locks. Otherwise we are happy to track the movement down and catch the buys from the weighted level bounces. We will also keep in mind that a cross and lock below the retracement range will open the swing range for the extended bounce.
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
2509
EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2524
2535
BEARISH TARGETS
2498 - DONE
EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2484 - DONE
EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE
SWING RANGE
2472 - 2461
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: Sell at 2505-2510 resistance zone, target 2490-2480Yesterday was Labor Day in the United States. The amplitude of gold was very small and we did not participate in any transactions. Today the market is back on track and it is time to open our transactions!
Gold fundamentals:
Tensions in the Middle East have escalated again, and risk aversion has rekindled.
Due to the recent positive economic data, the U.S. dollar index continues to rebound, and the ISM manufacturing PMI for August to be released today is expected to rise slightly to 47.5 from 46.8 in July, indicating that the manufacturing industry is recovering moderately, which will continue to support the U.S. dollar. rebound, gold falls.
In addition, the market expects that the United States will create 163,000 new jobs in August and the unemployment rate is also expected to rise to 4.2%. This reflects strong economic fundamentals and further boosts the dollar.
Gold technical aspect:
Judging from the Fibonacci retracement of the decline between the highest point of 2528 and the lowest point of 2490, 2505 is 0.618 and 2510 is 0.5, so this range is the resistance to gold's rebound.
Trading strategy:
Since the direction is clear now and 2505-2510 is the resistance area, we can sell in this range.
XAU/USD 03 September 2024 Intraday AnalysisH4 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price is stuck within an internal range and is most probably awaiting a catalyst (macroeconomic or geopolitical)
Technically price should target weak internal low and is currently reacting at premium of internal 50% EQ, however, price has ben printing low volume bars with no clear internal range direction.
Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong internal high.
M15 Chart:
Gold entered into a bearish structure after breaking channelHello 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
Gold Thoughts 02-Sept-2024Good morning, traders! I'm excited to share my Gold trading zones with you today, packed with potential trading opportunities. Dive in to uncover valuable insights for opening positions, but remember, these are merely guidance - not signals. Use them at your own discretion and risk. Happy trading!