Gold Surges Above 2600—Prepare for a Potential Reversal
After enjoying a pleasant weekend, we’re back to the action-packed market. Gold unexpectedly broke through 2600, reaching a high of 2631 today. Unfortunately, our short positions from Friday were caught in a trap.
However, there's no need to worry—trust me, a significant drop is inevitable, and it might be more dramatic than we anticipate.
Currently, the 15-minute chart indicates a potential for a small rebound, while the 2-hour chart signals bearish momentum. Based on this setup, it's likely that a head and shoulders pattern could form. Our strategy should be to increase our short positions above 2620 and patiently wait for the decline to unfold.
Xauusdsignals
SILVER (XAGUSD): Pullback From Resistance Confirmed
Silver looks quite bearish on a 4H time frame
after a test of a key daily resistance.
The price violated a support line of a symmetrical triangle formation
and closed below that.
The price may drop lower.
Next support - 30.1
❤️Please, support my work with like, thank you!❤️
XAUUSD There is no stopping it. Can breach $3000 by mid 2025.It was only a little over a month ago (August 05, see chart below) when we signaled a strong buy on Gold (XAUUSD), targeting at 3100:
Practically, we've been calling for Gold's new Bull Cycle since April 04 (see chart below):
As you can see the price action followed our projection closely and immediately broke higher making a new All Time High. According to the 2019 - 2020 Bull Phase, we are in the middle of the Cycle, assuming both fractals are similar in % rise terms (+85.42%) or the 3.0 Fibonacci extension.
Even if they don't, it is pretty clear that the long-term pattern is an 8-year Channel Up and most likely shouldn't top before the 1M CCI starts making Lower Highs. So far we have priced the first High (April 2024) and according to the 2020 fractal, the second should be at the end of the Bull Phase when the trend tops.
If that's not at 3100 by that time, we encourage you to take the long-term profit earlier like us. Also, this chart shows that since 2015, October isn't generally a bad month to buy at all, having failed as an entry only 2 times in 10 years.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GOLD (XAUUSD): 2 Important Vertical Resistances
Gold updated the all-time high again this week.
Here are the next potentially strong vertical resistances
to pay close attention on.
Both trend lines are based on a historical price action
and proved its significance by multiple strong bearish reactions to that.
With a high probability, a bearish reaction will follow from
these trend lines in future.
❤️Please, support my work with like, thank you!❤️
Gold Roadmap!!!After the announcement of the US Federal Funds Rate (The Federal Reserve lowered the US Federal Funds Rate by 0.5% to 5.00%.), Gold started to rise again after the bear trap from the Support zone($2,574-$2,560) .
Gold is currently moving near the Potential Reversal Zone(PRZ) and Resistance lines .
According to Elliott wave theory , Gold is completing microwave 5 of main wave 5 , which can be completed in the Potential Reversal Zone(PRZ) .
Also, Regular Divergence (RD-) between Consecutive Peaks .
I expect Gold to start falling from the Potential Reversal Zone(PRZ) , and the first target would be to break the Uptrend line and the Support zone($2,574-$2,560) .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD Gold Technical Analysis and Trade Idea👀 👉 XAUUSD Gold has broken its market structure to the downside. On the daily and 4-hour charts, we observe a pullback into equilibrium, presenting a potential buying opportunity. In this video, we discuss market structure, price action, and, most importantly, the trend. We also outline a possible trade setup if the price moves as outlined in the video.
Disclaimer: The information provided in this video is for educational purposes only and should not be taken as financial advice. Always perform your own analysis or consult a financial advisor before making any trading decisions. 📊✅
Gold Set to Decline After European Session
Today, the primary focus is on short positions after the European session. During the Asian session, there may be another test of the upper resistance, but the probability of a breakout is low. Therefore, after the European session, bearish momentum is expected to take control. Our trading strategy should align with this trend by initiating sell positions. In the near term, the market is likely to decline towards the 2550 level, with a medium-term target around the 2487 zone.
Gold: Will start selling above 2590
Currently, the gold price is at 2584. I believe it should rise to the 2590-2596 range before starting to decline, with a significant drop likely to occur, potentially reaching the 2563 area. Therefore, I plan to initiate a sell position near 2590, with take-profit targets set in the 2573-2561 range.
Gold's price movement could be influenced by market supply and demand, geopolitical risks, and economic data, so I will closely monitor market developments to adjust my strategy as needed.
XAUUSD Approaching the cyclical top. Be ready to sell.A little more than 2 months ago (July 08, see chart below) we signaled a strong buy on Gold (XAUUSD) as the start of the new Bullish Leg of the 2-year Channel Up was confirmed, and we set a long-term Target at 2600:
Now that the Target is about to get hit, we prepare for a new long-term peak at the top (Higher Highs trend-line) of the Channel Up. The previous rallies/ Bullish Legs of the pattern rose by a minimum of +15.74% and maximum of +24.12%. The latter rally however started very close to the bottom of the Channel Up, so we believe that the new top will be priced within a +15.74% and + 18.60% (second lowest) range.
This gives us a Bearish Range of 2635 - 2700, where the action is a Sell, certainly not the level to place any long-term buys. We will start considering this after the price approaches the 1D MA100 (red trend-line) again, which is a signal that only failed once in four times.
This time the top formation may be prolonged until November's U.S. elections but the bottom line is that near the top of the Channel Up, the action is to sell/ take profit.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GOLD (XAUUSD): The Next Strong Resistance Ahead
A sudden violation of the all time high
triggered a strong bullish rally on Gold last week.
Here is the next potentially strong resistance that I see:
it is based on a major rising trend line and 2600 psychological level.
With a high probability, we will see a retracement from that area.
❤️Please, support my work with like, thank you!❤️
XAU/USD "GOLD MINES" Bearish Robbery Plan to steal GoldHola 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 Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish 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 Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss : Recent Swing High 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.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
GOLD TO 2600$ HELLO TRADERS As,
GOLD just tested a strong resistance zone 1570$ on fib its a new ATH i can see a FVG near broken resistance 2533 which it have to fill and grab liquidity to make a new all-time high 2600$ which we had mention in our previous analysis friends its just a trad idea shares Ur thoughts it help many other traders
Stay tuned for more updates
XAUUSD: Makes a critical Bull Cross and aims at 2,650.Gold has turned completely bullish on its 1D technical outlook (RSI = 64.281, MACD = 19.680, ADX = 29.142) as it made a new All Time High today, extending the new bullish wave of the Channel Up. With the support of the 1D MA50, which is unbroken since July 3rd, we expect the extension of this wave as the 1D MACD is on its way to a Bull Cross. Since early June MACD Bull Crosses have come one after the other, the first priced Gold's bottom and the second confirmed it. Consequently, this is the most efficient level to buy and aim for a new +7.50% rise (TP = 2,650).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
XAUUSD 30M TRIANGE BREAKOUT PROJECTION 12.09.24Reason for Bullish In Gold
Any change in its demand anywhere in the world, either for jewellery or as an industrial input, affects the price of gold. The increase in the price of gold is directly proportional to the demand for gold and consumer goods. A crucial factor determining this demand-supply, is the production of gold.
GOLD (XAUUSD): Potential Scenarios Ahead of CPI
Ahead of US CPI data, Gold is stuck on a key daily resistance
based on the current All Time High.
Depending on the reaction of the price to the news, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above the resistance of the range on a daily,
a bullish continuation will be anticipated at least to 2550 level.
Bearish Scenario
The price has retraced from the underlined blue daily resistance
and is currently testing an intraday horizontal support.
If the market breaks and closes below that on a 4H, we can anticipate
a bearish continuation at least to 2508.
Patiently wait for the release of the news and then follow the market.
❤️Please, support my work with like, thank you!❤️
SILVER (XAGUSD): Long From Support
I see a nice buying opportunity on Silver.
The test of a key intraday/daily structure support triggered a strong bullish reaction.
A double bottom was formed, and we see a bullish movement above the neckline
this morning.
I think that the price will keep growing at least to 28.61
❤️Please, support my work with like, thank you!❤️
XAUUSD: Bearish Strategy Amid Resistance Levels
Today’s bullish trades have been relatively smooth, with the price now hovering near a key resistance zone. From a technical perspective, if a breakout occurs, the next upside target would likely range between 2510-2518. However, if the price fails to break through this level in the near term, there is a high probability that we will see a move towards the 2452 support area later this week.
Overall, the primary focus for this week remains selling at higher levels.
XAUUSD The 1D MA50 test is imminent.Three weeks ago (August 26, see chart below) we called that it was 'time to turn bearish short-term' on Gold (XAUUSD) as the price was approaching the top of its 3-month Channel Up:
Today we realize why as the price has turned sideways and can potentially one Bearish Leg to test the 1D MA50 (blue trend-line), which last time signaled the pattern's bottom (Higher Low).
This is why we keep our Sell Target unchanged at 2450, just above the 0.618 Fib and a revised Channel Up bottom line. After that, we will buy just before the 1D MACD forms its 2nd Bullish Cross, which as you can see, has been the most optimal confirmed Buy Signal within the Channel Up.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GOLd possible short for 2465 & 2440Last weekly bar of the month of August in Gold is Inside bar. Range confined within the range of the previously weekly bar. First weekly bar of the month of September is Insurance bar, broker below the Inside bar low which confirmed further weakness ahead. selling zone for gold is 2517-26. stop loss above the previous two weekly bars high i.e. 2534. Target: 2465 (price may reverse back from there as a correction before further fall), next target level is 2440.
GOLD (XAUUSD): Important Decision Ahead
The release of the today's fundamentals is favorable for bulls in the Gold market.
The price is now testing the resistance cluster based on the current All Time High.
As always, our strategy is to wait for is bullish breakout.
A daily candle close above that will confirm a violation.
A bullish movement to 2550 will be expected then.
❤️Please, support my work with like, thank you!❤️
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices dipped into the $2,500 zone on Friday after the US Department of Commerce revealed that inflation remains subdued. The Personal Consumption Expenditures (PCE) Price Index held steady at 2.5% year-over-year in July, falling short of market expectations. This aligns with the Fed’s potential move to ease monetary policy in September, though the size of the rate cut remains uncertain.
As we head into a busy week with the release of ISM Manufacturing and Services PMIs, jobs data, and the Balance of Trade, this video breaks down the potential for both buyers and sellers in the Gold market. Will the $2,500 level hold, or are we in for more volatility? Dive into the analysis to prepare for the week ahead!
XAUUSD Technical Overview:
This week, we're focusing on the $2,500 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#Gold #XAUUSD #Forex #FederalReserve #InterestRates #Inflation #TradingStrategy #MarketAnalysis #TechnicalAnalysis #Investing #ForexTrading #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Continued correction from the level. Time to sell from the levelContinued correction from the level. Time to sell from the level.
The gold market is currently characterized by high volatility and uncertainty. Gold is trading at levels that can serve as both support and resistance, depending on macroeconomic factors such as inflation, interest rates and global economic instability. Investors will turn to gold as a safe haven amid the risks associated with financial markets. Analysts are watching how gold prices react to news of changes in central banks' monetary policies, which could affect its value in the short and long term. There is also interest in gold as a hedge against a potential recession.