XAUUSD: 7/8 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2401-2458, support below 2376
Four-hour upper resistance 2425, support below 2383
Gold operation suggestions: Yesterday, the technical side of gold surged in the shock, and fell again under pressure at the 2418 mark. The price in the Asian and European sessions first surged and pierced the 2418 mark, and fell into repeated shocks after being suppressed and retreated. The European session continued to fall further to the 2394 mark and stabilized and rebounded. The US session rebounded to the 2416 mark twice before being blocked. Finally, the gold price continued its downward trend in the US session and broke through the 2390 mark to reach a weak closing near 2380. The overall price showed a weak short adjustment pattern at the 2418 mark.
Judging from the current market trend, today's upper resistance is still focused on the 4-hour decline gap near 2410 yesterday. The intraday rebound relies on this position to continue to be bearish. The lower target is still focused on the new low. The short-term gold price long and short strength dividing line focuses on the 2425 line. Before the daily level breaks through and stands on this position, it is mainly sold.
SELL: 2425near SL: 2430
SELL: 2410near SL: 2415
SELL: 2401near SL: 2405
Technical analysis only provides trading direction!
Xauusdsignal
Gold Wednesday Trading Strategies and Signals
#xauusd Today is Tuesday. August 7.
Gold fluctuated smoothly yesterday. There were very strong rebounds at multiple previous resistances.
So today our trading settings also continue yesterday's smooth gold settings.
Whether buying or selling, we can participate and make profits when the resistance area is reached.
Buy:
2380-2383 Yesterday's gold starting point
2368-2372 The rising position of multiple trading days
2349-2353 Buy and hold after reaching.
Sell:
2402-2404 Try or don't try. The signal is very weak.
2412-2416 Yesterday's resistance area
2426-2430 Sell when the price is reached
Trade according to this trading range, and make a profit of 30-60-90pips each time. You will slowly accumulate your principal.
I wish you all a smooth transaction. If you make a profit according to my trading strategy, please give me a thumbs up and join me
The gold downtrend has begun, with the target below 2380From the hourly chart, we can easily see that the high point of gold is constantly moving down, which indicates that the overall downward trend is still continuing. In the previous article, I mentioned the decline of $95 on Monday. The Fibonacci retracement indicator shows that 0.382 is near the 2400 integer mark, and it also clearly mentions the bearish view here.
At present, it seems that the price of gold is running along the preset downward line. If it can break the support of the lower track of the Bollinger Band at 2380, then the head and shoulders top pattern mentioned above can be confirmed. By then, it is likely to continue to test the support of 2370 and 2350. If it falls below 2350, the downward space will be further expanded.
Now, traders who sell near 2400 can maintain their bearish beliefs. If there is no accident, this decline will most likely test the low of 2380. Let's wait and see.
If you have different opinions or questions, please speak up and let's discuss the latest ideas of GOLD together
XAUUSD/GOLD Deep correction rhythm - Opportunity for investorsGold market analysis for the US session on August 7, 2024:
Gold has formed a deep correction downtrend.
This is an opportunity for us to make some good entries for long-term positions.
Currently, gold has completed corrections from the m15 - H4 timeframe; a correction phase is seen at the D timeframe.
Key levels to watch are: 2408 - 2412, 2424 - 2427, and 2350 - 2355.
Recommended positions:
Plan 1: SELL XAUUSD zone 2408 - 2411
SL 2414
TP 2400 - 2390 - 2368 - open.
Plan 2: SELL XAUUSD zone 2425 - 2427
SL 2432
TP 2415 - 2400 - 2380 - open.
Plan 3: BUY XAUUSD zone 2352 - 2355
SL 2348
TP 2365 - 2380 - 2386.
XAUUSD Top-down analysis todayHello 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.
XAUUSD: 6/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2445, support below 2401
Four-hour resistance 2425, support below 2401
Gold operation suggestions: Yesterday, gold reached 2364 and stabilized and rebounded. Finally, the gold price rebounded further in the US market and closed above the 2400 integer mark. The overall price finally returned to the 2400 mark after a wide range of long and short tug-of-war around the 2364-2458 range and fluctuated. Judging from the current trend, the support below will focus on the 2400 mark today, and the pressure on the top will focus on around 2425-2434. During the day, we will rely on this range to sell high and buy low.
From the current trend, today's support below focuses on the 2400 mark, and the upper pressure focuses on the 2425-2434 area. Sell high and buy low in this range first.
BUY:2401near SL:2395
BUY:2425near SL:2422
BUY:2445near SL:2440
SELL:2470near SL:2474
Technical analysis only provides trading direction!
XAU in bearish range - holding below 2420⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is facing selling pressure for the fourth consecutive day on Wednesday, but it maintains a position above the weekly low. Recent sharp losses and signs of stability in global equity markets are affecting the appeal of gold as a safe haven. Additionally, slight strength in the US Dollar (USD) is putting more pressure on gold.
However, expectations for significant interest rate cuts by the Federal Reserve (Fed), coupled with ongoing recession concerns in the US, may prevent substantial gains for the Dollar. Moreover, worries about an economic slowdown in China and potential geopolitical tensions in the Middle East should continue to support gold prices and reduce the risk of further declines.
⭐️ Personal comments NOVA:
Gold price within range decreases H1 - sideway zone waiting for market stabilization within range 2370 - 2420
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2351 - $2353 SL $2346
TP1: $2365
TP2: $2378
TP3: $2385
🔥SELL GOLD zone: $2419 - $2421 SL $2426
TP1: $2410
TP2: $2400
TP3: $2390
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Gold Tuesday Trading Strategies and Signals
xauusd
The gold market swept up a lot on Monday.
The biggest drop was almost 1000pips
The rise was 400pips twice
Many people lost their principal in the sweep.
In the face of disorderly market sweeps, we need to be very flexible. Constantly change your trading strategy and use the best strategy to continuously and reasonably obtain profits.
Today's trading strategy for everyone is still a few reasonable trading areas:
Sell:
sell xauusd 2418-2423
sell xusssd 2427-2441
Buy:
buy xauusd 2382-2385
buy xauusd 2368-2372
buy xauusd 2352-2356
Trade according to this trading range, and make a profit of 30-60-90pips each time. You will slowly accumulate your principal.
I wish you all a smooth transaction. If you make a profit according to my trading strategy, please give me a thumbs up and join me
GOLD: 1 HR View, Let's see how it goes! Dear Traders,
We have two possible sell entries first one is risky where we can see price reversing from current trading price. However, it can be riskier, there is safe entry that you can take when price to small upside correction and then continue to drop.
Good luck and trade safe.
Gold vs. Yen Carry Trade: A Shifting Paradigm
For years, the yen carry trade has been a cornerstone of many investment portfolios. This strategy involves borrowing low-yielding Japanese yen to invest in higher-yielding assets, such as US Treasuries. However, a confluence of factors is making gold, represented by the XAU/USD pair, an increasingly attractive alternative.
The Yen Carry Trade Under Pressure
The yen carry trade has historically been a profitable strategy, fueled by Japan's ultra-low interest rate environment. However, recent developments have cast a shadow over its allure.
• Rising Interest Rates: Global central banks, including the Federal Reserve, have embarked on a tightening cycle to combat inflation. This has narrowed the interest rate differential between the US and Japan, reducing the potential profit from the carry trade.
• Yen Strength: The Japanese yen has shown unexpected resilience, countering the traditional trend of yen weakness. This is partly due to safe-haven flows as investors seek refuge from global economic uncertainties.
• Geopolitical Risks: Increased geopolitical tensions can disrupt carry trades. A sudden shift in risk appetite can lead to rapid yen appreciation, erasing potential gains and incurring significant losses.
The Allure of Gold
In contrast, gold has emerged as a compelling investment option.
• Safe-Haven Asset: Gold is often perceived as a safe-haven asset, providing a hedge against economic uncertainty, inflation, and geopolitical risks. As global economic conditions become increasingly volatile, investors may seek the security of gold.
• Inflation Hedge: With inflation concerns persisting, gold has historically been seen as an effective inflation hedge. As the price of goods and services rises, the purchasing power of fiat currencies declines, making gold an attractive store of value.
• Diversification Benefits: Gold can help diversify an investment portfolio. Its low correlation with traditional asset classes can reduce overall portfolio risk.
• Central Bank Demand: Central banks have been net buyers of gold in recent years, supporting its price. This ongoing demand can provide a bullish undercurrent for the gold market.
XAU/USD: A Closer Look
The XAU/USD pair, representing the price of gold in US dollars, offers investors exposure to the gold market.
• Dollar Dynamics: While gold is often seen as a safe-haven asset, the US dollar can also appreciate in times of uncertainty. Therefore, the performance of XAU/USD depends on the interplay between gold and the dollar.
• Interest Rate Sensitivity: Gold is generally inversely correlated with interest rates. Rising interest rates can put downward pressure on gold prices, as investors may prefer higher-yielding bonds. However, this relationship is not always straightforward, and other factors can influence gold's price.
Conclusion
The decision to invest in gold or continue with the yen carry trade is a complex one, influenced by individual risk tolerance, investment horizon, and market outlook. While the yen carry trade has historically been a profitable strategy, the changing interest rate environment and geopolitical risks have increased its challenges. Gold, with its safe-haven appeal and inflation-hedging properties, offers a compelling alternative. Investors should carefully consider the potential benefits and risks of both options before making a decision.
It's important to note that this article provides general information and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
Markets fear recession - XAU falls⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a one-week low on Monday, but managed to defend and bounce back from the 50-day Simple Moving Average (SMA) support around the $2,365-2,364 area. Softer incoming US macro data heightened concerns about a potential downturn in the world’s largest economy and increased expectations for more significant interest rate cuts by the Federal Reserve (Fed). This situation led to a recent decline in US Treasury bond yields, which, together with the escalating Middle East crisis, provides some support to the safe-haven precious metal.
However, a shift in risk sentiment, indicated by a relief rally in the equity markets, could pose a challenge for gold prices amid recovering US bond yields, which support the US Dollar (USD). Nonetheless, the overall fundamental backdrop seems to favor bullish traders, suggesting that the path of least resistance for XAU/USD is upward. Therefore, weakness below the $2,400 mark might continue to attract buyers and remain limited in the absence of significant US economic data releases.
⭐️ Personal comments NOVA:
The financial downturn on Monday, due to concerns about the US economic recession, caused the price of Gold to fall sharply, and there was still selling pressure from the bears when there was not much important economic news today.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2373 - $2375 SL $2368
TP1: $2382
TP2: $2390
TP3: $2400
🔥BUY GOLD zone: $2386 - $2384 SL $2380
TP1: $2392
TP2: $2400
TP3: $2410
🔥SELL GOLD zone: $2428 - $2430 SL $2435
TP1: $2420
TP2: $2410
TP3: $2390
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
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 / XAUUSD Money Heist Plan in gold minesMy Dear Robbers / Traders,
This is our master plan to Heist XAUUSD / GOLD mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on 2 plans. Our target is Green Zone for bearish market and red zone for Bullish Market that is High risk Dangerous level, market is Consolidation / Trend Reversal at the level 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.
Stop Loss : Recent Swing High for Bearish Traders & Swing Low for Bullish traders 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.
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sharp market sell-offtrying to find international gold rate index: it`s authentic that gold does not marvel us with a very good result, sweeping liquidity, making many hearts freeze, then returning, so the restoration segment makes many human beings not able to yawn, breathe oxygen. The mainstream fashion remains increasing, the sharks simply dance a bit bit.
*) these days, August 6, 2024: we are able to wait to shop for in step with the fashion, these days gold has back to the proper factor to begin a sturdy growth to the 2500 mark, with the Fed's hobby charge reduce earlier than the emergency meeting, encouraging traders to shop for.
- purchase immediately at modern-day rate
- wait to shop for round the brand new 2406-2408 place with the subsequent targets:
tp 1: 2422
tp 2: 2433
tp 3: 2445
=> the marketplace continually surprises us, we should comply with the order principle (sl-prevent five prices), area in buying and selling, affordable access and exit.
- desire all traders a success buying and selling and remarkable victory.
#XAUUSD/H4: Profit-taking area and trading trend of GOLDGold on Monday (8/5/2024) experienced a 1000pip drop, reflecting the common sentiment when the market takes profit and creates a downtrend.
Today's Asia-Europe session may see a slight recovery before continuing the drop.
The predominant trading trend today is SELL.
Key price levels to watch are: 2426-2434 and 2350-2355.
Recommended orders:
Plan 1: SELL XAUUSD zone 2428 - 2431
SL 2437
TP 2420 - 2400 - 2385 - 2355.
Plan 2: BUY XAUUSD zone 2351-2354
SL 2348
TP 2360 - 2370 - 2385.
SELLERS IN THE BUILDING 1H time frame is turning bearish and under equilibrium, there has being a bullish channel forming from the close of yesterday into today's Asian session, which spells continuation for sellers. am looking for price reaction @ 2415-2412. failure of price to rise above Asian high and a break of Asian low would mean more sellers in the market. looking to take profit at 2355 a 1 to 5 risk to reward trade. trade responsibly, never risk more than 1 % of account on any trade.