XAUUSD: Risk aversion heats up, continues to be bullishGold Market Fundamentals:
Yesterday, gold prices surged by over $40 due to escalating tensions in the Middle East, driving safe-haven inflows. Israel’s military actions in Gaza, potential Iranian retaliation, and Ukrainian attacks on Russia’s Kursk region have all heightened investor demand for gold. Additionally, the market's heightened sensitivity to geopolitical risks has increased gold’s appeal as a safe-haven asset. The market now sees a 49% chance of a 50 basis point rate cut by the Fed in September. Falling U.S. Treasury yields are also supporting gold prices.
Gold Market Technicals:
Technically, the uptrend remains strong. After yesterday's rapid price increase, gold is facing resistance at previous highs. According to Fibonacci retracement, the 0.786 level is at 2456, which has shown some support but not strongly. The next strong support area is significantly lower than the current price.
Trading Strategy:
I have bought at 2461, targeting 2480 and 2500
Support Range: 2456, 2435
Resistance Range: Around 2480
Intraday Risk Data: U.S. July PPI
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
Xauusdlong
PPI - Waiting for Gold's new ATH⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) surged over 1% on Monday, driven by safe-haven demand due to concerns about escalating conflicts in the Middle East and Ukraine's unexpected offensive against Russia. Additionally, dovish expectations for the Federal Reserve (Fed) weakened the US Dollar (USD), helping gold move closer to its monthly high during Tuesday's Asian session.
However, the positive market sentiment led to some selling pressure on gold in the same session. Bulls appear cautious, waiting for the upcoming US inflation data before making further moves. Despite this, gold remains near the all-time high reached in July and is likely to break out of the short-term range it has held for the past month.
⭐️ Personal comments NOVA:
Gold price increased back to the highest resistance zone 2475-2480. There was an adjustment in the Asian and European sessions to expect to create a new ATH this week: over 2500
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2440 - $2442 SL $2435
TP1: $2455
TP2: $2470
TP3: $2500
🔥SELL GOLD zone: $2518 - $2520 SL $2525
TP1: $2510
TP2: $2500
TP3: $2490
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
Price moves steadily on all 3 EMA lines, Uptrend expected to break ATH
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD: Updated View, Safe Heaven is on the rise! Dear Traders,
Our previous analysis that we had anticipated price to drop, however, price were accumulating during that time and we failed to idefitfy the pattern. However, now we expect price to reach and touch previous HH point, which will be a key area for most of the traders, whether price will be reversing back to the 2300$ region or 2500$.
Good luck and trade safe.
Tuesday's Profit Signals and Strategies
#xauusd
Yesterday, gold rose violently by 2423-2476=530pips
The several areas I gave rose violently after only a small profit.
Then it broke through the red area of my chart and rose along the arrow.
Today I give several trading areas:
buy xauusd1 2451-2454 is at the 0.5 line of the rising channel. (Gold rebounded once at 2458. Next observation)
buy xauusd2 2442-2445 0.618 line. Today's most suitable price range for buying and rising.
buy xauusd23 2431-2435 If gold is at this price. You can buy directly.
sell xauusd 2481-2485 The highest price in history. If the gold price reaches this range. You can sell. If it breaks through the line in my chart, then gold may continue to rise violently
Please refer to my resistance and support area trading. This way you can get some safe profits. Don't be greedy. Trading opportunities always exist.
If you trade profitably with my signals or you like my analysis, then please give me a thumbs up and join me.
XAUUSD Gold Technical Analysis and Trade Idea👉 🔍 In this video, we take an in-depth look at XAU/USD (Gold). Recently, it broke structure on the daily time frame with a strong bullish move toward previous resistance levels. However, on the 4-hour chart, we're seeing a pattern of lower highs and lower lows, indicating a short-term downward trend. Despite this, the price appears to be holding steady, and I'm monitoring for a potential bullish breakout. If the price breaks resistance and retraces into the 50%-61.8% Fibonacci zone, it could present a buying opportunity.
As always, this video is for educational purposes only and should not be considered financial advice. It's important to understand that these insights are speculative and not a guaranteed forecast. Confirm specific price actions before making any trades, as discussed in the video. The analysis covers the current trend, market structure, and price behaviour in detail. Remember, this content is educational and doesn't guarantee success. Trading carries significant risks, so always use strong risk management strategies. 📊✅
XAUUSD | Road to 2,500 PhasePrevious analysis has now near enough completed with a large bullish surge today making its way over 2 key quarter level phases with 2500 being the last of this phase section, after breaking through the previous days high gold now tests the all time high of 2,485 where there is a lot of pressure to break through already.
With various events happening this week such as the CPI, PPI + Retail Sales I think the final event on thursday could provide key insight into golds growth and how the precious metal stands out from the rest, it is noteworthy of paying attention to the upcoming PPI although only short term impact it can play important roles within the FED and further conditions.
What are your thoughts and ideas? Let me know below :)
XAUUSD 4HR Update XAUUSD 4HR Update
Following the previous analysis we correctly identified the market pivot off the key psych quarter zone and saw a bullish surge back up into the 2400s where price now sits at 2427.45, Going forwards I foreseeing price to make a push for the key level of 2450 and complete the next phase section of 2500 target.
Check out my last update analysis to see how we progressed and leave a comment with your thoughts and ideas below :)
Gold Price Advances to Amid Rising Middle East Tension
Gold prices have surged to a one-week high, buoyed by a confluence of factors that have ignited investor interest in the safe-haven asset. For the third consecutive day, the precious metal has experienced upward momentum, driven primarily by geopolitical tensions in the Middle East and mounting expectations of interest rate cuts by the Federal Reserve.
The escalating conflicts in the Middle East have cast a shadow over global markets, prompting investors to seek refuge in gold. As a traditional safe-haven asset, gold tends to appreciate during periods of heightened uncertainty and geopolitical instability. The ongoing tensions in the region have heightened concerns about potential disruptions to oil supplies and the broader economic implications, thereby bolstering gold's appeal.
Simultaneously, growing speculation about a potential pivot by the Federal Reserve towards a more dovish monetary policy stance has also supported gold prices. As economic growth concerns persist, market participants are increasingly betting on interest rate cuts later this year. Lower interest rates typically benefit gold, as they reduce the opportunity cost of holding the non-yielding asset.
However, the upside potential for gold prices may be tempered by the overall positive risk sentiment in the market. While geopolitical tensions and rate cut expectations have provided a solid foundation for gold's rally, a generally upbeat market mood could limit gains. Investors are also likely to adopt a cautious stance ahead of the release of crucial US inflation data this week. The inflation figures will provide valuable insights into the trajectory of the US economy and the Federal Reserve's monetary policy path.
As the market digests the evolving geopolitical landscape and awaits key economic indicators, gold prices are expected to remain volatile in the near term. While the underlying fundamentals remain supportive, the potential for profit-taking and shifts in investor sentiment could introduce some headwinds.
Going forward, the interplay between geopolitical tensions, interest rate expectations, and overall market sentiment will be crucial in determining the direction of gold prices. Traders and investors will be closely monitoring developments in the Middle East, as well as economic data releases, for clues about the metal's future trajectory.
2460 WILL PROBABALY HIT IN NEXT WEEK 2460 WILL PROBABALY HIT IN NEXT WEEK
As The View Of The Simple Price Action I Can See That Gold Need To Touch 2460 First Before Decide The Further Direction Move.
As The Pattern That Has Formed Is A Bullish Trend Pattern (Bullish Pennant) This Pennant Must Breck To the Up side. And After Conformed Pullback maybe A Good Buy Opportunity.
But If Price Couldn't Breck The Upper Trendline Gold Will Fall Again Back To 2410 Zone At Least.
Will See On Next Week What Will Happen And Fore More LTF Analyze Wait Till Market Move First Next Monday.
Also Wait For More Updates On Elliot Wave And Simple And Quick Price Action Analyze
Important resistance levels were broken, and gold soared.If we continue to maintain the trend of buying above the middle track of the daily line, the big market will come. Because the important resistance level of 2450 has been broken, the next target is 2468, or even a record high.
According to news reports, Iran is likely to directly attack Israel in the next few days in retaliation for the assassination of Hamas' political leader in Tehran. It may happen. In the bullish trend, we should follow the trend.
Technically, gold is running above the moving average, which is a necessary condition for the outbreak of a unilateral market. The important resistance level has been broken, so we should follow the trend and buy more.
XAUUSD: Buy when it falls back to the support rangeGold market fundamentals:
Affected by this week's US economic data, according to the CME FedWatch Tool, the market currently has a 55.5% probability of the Federal Reserve cutting interest rates by 50 basis points in September, down from the previous 70%.
The increase in geopolitical risks in the Middle East has led to an increase in safe-haven demand (it is not convenient to explain in detail here, you can learn about the latest Middle East conflicts on your own)
Gold market technical aspects:
Yesterday I said that once the dense resistance range of 2411-2422 is broken, the potential for growth will increase. Now that the gold price has come above the resistance range, the dense resistance area has also turned into a dense support area. At the same time, this rebound has now formed an upward trend. If it can break through 2430-2440, then the gold price is likely to test the historical high again.
Trading strategy:
In the figure, 2416 is the previous high and the support of the lower track of the Bollinger Band. 2422 is the support of the middle track of the Bollinger Band and the Fibonacci retracement of 0.618. Therefore, I will buy if it falls back to the support range of 2416-2422 today, and I am bullish on 2430-2440.
Support range: 2410-2400
Resistance range: 2430-2440
Daily risk data: Canada's July employment (little impact)
BUY TRADE ON XAUUSDPotential Trade Setup on XAUUSD
The price broke out of a strong resistance zone and a long-used Trendline but yet to retest the broken structure.
The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Buy Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2394, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2470
2nd Support – 2500
Stop-Loss: To manage risk, place a stop-loss order below 2362. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold BuyTomorrow we are expecting a Bull move in Gold and Gold will move toward its Previous significant Resistance level of 2458 level so we will have a buy trade over gold to this level of resistance also gold is following its channel to the Upside so we will be relying on gold to the upside momentum
Gold price recovers! Buyers dominate⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on Thursday's strong 2% gain and edged lower during the Asian session on Friday. A positive mood in global equity markets put some pressure on the safe-haven metal, but various factors should help prevent significant losses. Concerns over a potential Middle East conflict and expectations of larger rate cuts by the Federal Reserve (Fed) could support gold.
Dovish Fed expectations are also weighing on US Treasury bond yields and pulling the US Dollar (USD) down from its weekly high. This environment favors bullish traders and suggests that gold's likely direction is upward. Any further dip might be seen as a buying opportunity, especially with no major US economic releases expected soon. The market's attention will turn to the upcoming US consumer inflation figures, due next Wednesday.
⭐️ Personal comments NOVA:
Bulls dominate over the weekend - surpassing 2420, amid growing global military tensions
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2408 - $2406 SL $2402 scalping
TP1: $2415
TP2: $2422
TP3: $2430
🔥BUY GOLD zone: $2388 - $2386 SL $2380
TP1: $2395
TP2: $2410
TP3: $2420
🔥SELL GOLD zone: $2441 - $2443 SL $2448
TP1: $2430
TP2: $2420
TP3: $2410
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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