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Xauusdsetup

CPI blockbuster data hits, will it break through or fall again?At present, the controversy over whether the Fed will cut interest rates by 25 basis points or 50 basis points in September is still uncertain. Since March this year, the US CPI data has continued to decline, and this CPI is the last heavy data before the Fed's September meeting, and it is also the last chance to shake the expectation of interest rate cuts. As of now, the market expects a 69% probability of a 25 basis point rate cut in September and a 31% probability of a 50 basis point rate cut. Therefore, the results of today's CPI data release are likely to affect the sharp fluctuations in gold. Regardless of the results of today's data release, we must be cautious in trading, because the results of large fluctuations are difficult to judge. At the same time, in addition to the direct impact on the economy, it will also affect the expectations of interest rate cuts. At that time, the large fluctuations in gold prices up and down also need to be prevented. As can be seen from the 4H chart, there is a strong resistance near the 2530 line. So far, it has failed to break through 7 times. Whether it will fall again or set a new high depends on the results of the CPI release. Here I give the following trading strategies for your reference: The first option is to sell at a high level, with a target of around 2505. The second option is to wait for the price to fall back to around 2505 and buy.
TVC:GOLD
by AntonyTP
XAUUSD CORE CPI NEWS FORCAST 11.09.24REASON FOR FALL Core inflation is the change in the costs of goods and services, but it does not include those from the food and energy sectors. This measure of inflation excludes these items because their prices are much more volatile. It is most often calculated using the consumer price index (CPI), which is a measure of prices for goods and services. Key Takeaways Core inflation is the change in the costs of goods and services but does not include those from the food and energy sectors. Food and energy prices are exempt from this calculation because their prices can be too volatile or fluctuate wildly. Core inflation is important because it's used to determine the impact of rising prices on consumer income.
FOREXCOM:XAUUSD
by kripsonfx97
XAUUSD: Before CPI is announced, buy if 2500 does not breakFrom the hourly chart, we can see that the 0.5 Fibonacci retracement is 2507, and the swing level of 2500-2505 has now formed a breakout pattern, so this range has now turned into support. Now as long as it can break through 2507, the gold price is likely to form a high again and try to touch the 2530 line. So far this week, the volatility is not large. The market seems to be waiting for tomorrow's CPI data. Before the release of CPI, there is almost no data that can affect the trend of gold. Therefore, I think before CPI, the support below is solid. The key is to look at the 2500 integer mark. As long as it is not broken, I will be bullish before CPI.
TVC:GOLDLong
by AntonyTP
XAUUSD: 2505-2500 resistance is not broken, boldly sellThe August NFP data released by the United States last Friday was 142,000, lower than the expected 160,000 and higher than the previous value of 89,000. At the same time, although the unemployment rate was in line with market expectations, it was actually the first decline in 5 months, which caused the gold price to rebound to 2529 and then fall to 2485. From the daily chart, the K-line decline this time is very similar to the previous decline. If we calculate the next three trading days according to the previous rules, it will fluctuate in the range of 2470-2505. We can sell high and buy low during this period. And after 3 trading days, it happens to be the node when CPI is announced. Therefore, from the perspective of trend and time, the probability of copying the previous market is also very high. Now the gold price is close to the resistance of 2500-2505. I have mentioned the support and resistance of this range countless times before. Everyone knows its importance. Therefore, if nothing unexpected happens today, I will sell near this range.
TVC:GOLDShort
by AntonyTP
Key Levels and Targets for Gold Trading Following Friday's significant decline, gold's technical indicators are showing signs of recovery, suggesting a short-term buying opportunity at lower levels. The upper resistance zone is between 2508 and 2514, which appears strong based on current market conditions. The probability of a direct breakout above this zone is low. Therefore, if the price reaches this resistance area, consider short-selling opportunities. For this week, the initial short-term target for the downside is in the 2478-2472 range.
OANDA:XAUUSDLong
by Mia-Signal
Bold Maverick vs. Cautious Rabbit: XAUUSD Wedge Breakout BattleMaverick Approach: As a Maverick, you're always looking for opportunities to make aggressive moves when the risk/reward seems enticing. Here's what stands out: Retracement into a Key Support Zone: The price is pulling back near the lower support channel and hovering around 2,498.860, just above the earlier consolidation zone. A Maverick would see this as a potential buying opportunity, betting that price will bounce off this support level and move back toward the previous high around 2,531.861. Given the structure, it's a chance to enter a long trade while the market is still within the rising wedge. Action: Jump in for a quick buy at this level, looking to ride the bounce. Your bold side may put a take-profit target near the ATH or just shy of it, around 2,525 to avoid getting caught in the resistance zone. Stop-Loss Strategy: To protect from a breakdown, you'd want to place a tight stop-loss just below the wedge, around 2,490. The Maverick thrives on action, but with controlled risk in case the price falls. Rabbit Approach: The Rabbit focuses on digging deeper into the structure, ensuring everything is aligned before taking a position. Here’s how the analytical approach works: Rising Wedge and Bearish Implications: The rising wedge pattern you're trading within is typically a bearish signal. This pattern suggests a potential breakdown, especially if the price doesn't hold the current support level. The Rabbit would want to see multiple confirmations that buyers are stepping in before entering long. Waiting for a strong reaction or a higher low at the wedge boundary (around 2,490-2,495) would be ideal before considering a position. Caution: Be wary of a break below the wedge, which could signal a bearish continuation back down to 2,470.907 or even lower. Consolidation Zones for Reentry: The Rabbit would focus on the previous consolidation zone around 2,470.907, treating this as a potential re-entry point for longs if the price breaks the wedge support. That zone has shown strong buying pressure, making it a safer play. Plan: If price revisits this zone with a strong bounce, it would offer a much lower-risk buy with a greater reward potential, aligning with the Rabbit’s need for precision. Combined Strategy: Aggressive Entry (Maverick): Buy at the current level (2,498), targeting a bounce back toward 2,525 or higher, with a stop-loss under the wedge (2,490). This setup is more for short-term profits before any wedge breakdown occurs. Conservative Entry (Rabbit): Wait for confirmation at 2,498 or for a break below to re-enter near the 2,470 support. Ensure that the wedge pattern doesn’t break down entirely before committing to a long trade. Conclusion: For the Maverick: Act now if you see this as a low-risk bounce trade, aiming for quick profits near the ATH, but with the understanding that momentum could shift fast. For the Rabbit: Be patient, observe price action at key levels, and avoid chasing a move that doesn't align with the bigger structure. Waiting for a retest of 2,470 or a clear bounce is your higher-probability play. Whichever archetype you're channeling, stay sharp, and don’t let emotions get in the way!
OANDA:XAUUSD
by MommaPreneur
Aussie Gold Holds Up UP, Okay. Not For Long Baby! Please, below. As the saying goes in Australia, 'the bigger they are - the harder they fall'. Aussie Gold-hat-wearers & officials, might like to think their 'dinki-di-oze-gold' is an exception to panic heavy short-selling. Did I just say panic? Well, the plan is to take Aussie Gold & it's hanging M_TOP on the weekly chart right down to the neckline for some serious scratching & hold onto your hat once it breaches the itchy neckline. I don't think the VIX index, the Gold-god's or the market-makers' are going to let us bid up the Gold-price much at all in the lead-up to Thursday the 19th, less than 2 weeks away now. That is why I wouldn't be surprised to see the Gold-price explode upwards 20% or 30% on the big day for Jerome H. Powell FED Chair Boss, that is if they keep a lid on the Gold-price from rising in the meantime. So, in the meantime, I am gonna Short the Cripes out of XAUAUD because I'm a loyal & patriotic Aussie who's only trying to make a buck or 2 from the markets. Seriously, but I was serious, I see the USDX coming out of hibernation next week. I will post a couple of charts below & you will see where I am coming from. Please, in the interests of the trading sport, see also my methodology below. Cop ya later, Chris * First below is the Weekly-Chart: XAUUSD
EIGHTCAP:XAUAUDShort
by Easy_Explosive_Trading
2
XAUUSD: SELL@2514-2528 Gold has a significant support level around 2488. If it breaks this level again, the price is likely to fall further to around 2452. Tomorrow's NFP (Non-Farm Payrolls) data will be released, and given today's ADP data being bullish for gold, there is a high probability that tomorrow's NFP data will also be favorable for gold, barring any unexpected outcomes. However, it is important to watch the market before the data release—if there is an early rally, there is a possibility that the price may see a brief spike after the data release, followed by a sharp decline. If the data comes in surprisingly negative and is bearish for gold, a short position can be taken directly.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD: NFP data is coming, how to make a trading plan?Yesterday's ADP data showed an increase of 99,000 jobs, the lowest since January 2021, significantly lower than the expected 145,000 and the previous value of 122,000. This provided a significant positive for gold. Fortunately, the subsequent initial jobless claims and two PMI data were negative, which suppressed the rise of gold and prevented the expectation of a consistent recession in all economic data. It is precisely because of this that the price of gold fell to our buying range of 2500-2505 and then rose again, giving us the opportunity to buy at 2505 and take profits at 2516. There are less than two weeks before the Fed's September rate cut, whether it is a 25 basis point or 50 basis point cut. Today's NFP data will play a decisive role. Everyone must pay attention to it. The fluctuation may be very large at that time. Everyone knows the importance of the monthly NFP data, and I don't need to explain too much. Therefore, today's technical reference is not as significant as the data. Everything has to wait for the results of the data release, so it is difficult to judge. Given the uncertainty in today's market, I can't give you a specific trading strategy in advance, because it needs to be adjusted according to the actual market conditions. But I prefer to wait for a pullback and buy bullish, or make a trading plan based on the data performance after the data is released. I hope the above strategy is useful to everyone. In fact, you can be more cautious and give up today's trading, or make a trading plan based on the specific market trend after the data is released.
TVC:GOLDLong
by AntonyTP
21
XAUUSD: The most likely time to set a new high is comingIn yesterday's article, we pointed out the importance of the support area of ​​2470-2480, and the trend of this decline is almost the same as that in August, so we bought bullish in this range, and the result was very good. Judging from the strength of the last rebound, the highest gold price tried to break through 2532. Similarly, I am optimistic that gold will test new highs again this time. In addition, there are many important economic data released today, and there will be a monthly NFP tomorrow. Once the data is good for gold, this time is most likely to refresh the historical high. From the 1H chart, we can see that yesterday's strong rebound has broken the downward trend, and today's Asian and European sessions have broken through the key resistance of 2500-2505 again. Now this range has turned from resistance to support. Trading strategy: Although we are very optimistic about gold today, we still cannot take the risk of chasing the rise, because once the gold price falls back to the support, there is a room for a decline of 10-15$. Therefore, today we'd better wait for the gold price to pull back to the 2500-2505 support area before buying. The target can be seen at 2520-2530, and after a new high, it can be seen at 2550.
TVC:GOLDLong
by AntonyTP
XAUUSD: The recent low has been confirmed, buy boldlyYesterday, the price of gold bottomed out and rebounded after falling to 2473. Now the price of gold has come here again. I think the low point of this decline is likely to be here. From the 4H chart, we can see that the range of 2470-2480 is the key resistance level that has not been broken in the previous many attacks. After breaking, it has turned into support. At the same time, during the correction last month, it also played a key supporting role, and its support strength has been verified yesterday and just now. In addition, the important data ADP and NFP data this week will not be released until the next two days, so it is unlikely to fall below this key support level before the data. Trading strategy: Since we have determined the short-term low, the choice for us is very clear. Buy in the range of 2470-2480. The first target is 2500-2505, and the second is 2520-2530. I have bought at 2480 and added positions at 2475. Now I can wait for the rise with peace of mind.
OANDA:XAUUSDLong
by AntonyTP
4
GOLD, raid for liqudity! Ver thik, her ek kom!Gold just took liquidity from the previous day's low (PDL) and previous week's low (PWL). It had the first market structure (MS) shift on the 15-minute chart, and now, after some consolidation and testing of the 15-minute order block (OB), it will most likely continue higher to take out liquidity from the equal highs (EQH) in the 2528-2531 area (which also includes the previous month's high (PMH) and previous week's high (PWH)). This aligns with the monthly theory that suggests price manipulation at the beginning of the month, followed by the real move during the 2nd and 3rd weeks of the month. I would wait until the price moves higher to the 2507 area, breaks above it, and closes on the 15-minute chart with the candle body above the London open high (LOH). Only then would I open a long position targeting the previous week's high (PWH). Always follow risk management: after a 1:1 risk-to-reward (RR) move, adjust the stop-loss to the entry point. At 1:2 RR, either take full profit (TP) or trim 80% of the position.
CAPITALCOM:GOLDLong
by Almenio
XAU/USD "GOLD" Robbery plan to steal the gold in long SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist XAU/USD "GOLD" Mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
PEPPERSTONE:XAUUSDLong
by Thief_Trader
2