Get started

Xauusdtrade

Gold may directly point to the 2465-2455 areaToday I made more gold near 2480 and around 2474, and then lock the profit at the nearby position near 2484. In fact, I have explained very clearly about the trading strategy in the short term. Because gold faces the resistance of 2486-2488 in the short-term, this is why I chose to close our bulls in 2484 in advance. And the shorts are relatively obvious at present, and we do more gold just to do the game gold will not fall below the support area near 2470. In addition, many people should have a plan to wait for the gold to rebound to short gold in the 2486-2490 area. Therefore, in order to lock the profit in time, I must choose to make a profit near 2484. At present, the golden short mood is strong. We first observe the performance of gold in the 2486-2490 area. If gold touches the area fall, then we can observe the support of the 2475-2470 region again, and consider making more gold with the support of the area; if the gold breaks through the area in the short term , or even the possibility of continuing to rebound to the 2505 area, then there is no doubt that we can take short gold again! The operation may be less profitable, but it is undoubtedly a safer operation strategy. Once the gold rebounds to the 2505 area, there is no doubt that the gold is short. If the gold falls and falls below the 2470 region, the gold will directly fall to the 2465-2455 area, pointing directly to our stage goals! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Gold falls below 2500 !! XAU ! 9/2/24XAU / USD trend forecast September 2, 2024 Protests erupted across Israel after the military recovered the bodies of six hostages allegedly killed by Hamas in Gaza. Israel's largest labor union has called for a nationwide strike, threatening to shut down the entire economy on Monday. Meanwhile, China's NBS Manufacturing PMI dropped to 49.1 in August from 49.54 in July, missing expectations of 49.5, while Non-Manufacturing PMI improved slightly to 50.3 from 50.2, surpassing forecasts of 50.0. In the US, the PCE Price Index increased by 2.5% year-over-year in July, slightly below market expectations of 2.6%. Sideway below 2500 is a good signal for Gold in the near future, waiting for interest rate cut in September 2024 Based on M30, resistance and EMA 200 line to set up SELL signal /// SELL XAU : zone 2508-2510 SL: 2516 TP: 50 - 150 - 300 pips (2480) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
After the gold rebound, continue to short gold!Brothers, today we use the 2525-2530 area as resistance and continue to short gold near 2520. Obviously, with the help of the initial jobless claims data, our profits have grown rapidly! Because gold has certain buying support in the 2505-2500 area, we choose to manually close the position near 2507 to lock in profits in time. Congratulations to all the brothers who followed my trading signals and ended their short positions with profits again! At present, gold has received support from the 2505-2500 area as expected, and has rebounded in the short term. It has now rebounded to around 2513. So how do we find opportunities next? In fact, from the candlestick chart, although gold continues the triangle consolidation trend, it has been under pressure in the 2525-2530 area many times, which has consumed the bullish momentum to a certain extent; and as gold falls back, the upper resistance area is gradually moving down, which is also conducive to the decline of gold; and the strong counterattack of the US dollar has also brought certain pressure to gold. In addition, if gold fails to break upward, there may be a certain amount of profit chips cashed out. Once a large number of chips are cashed out, it may even cause a certain amount of selling. So in terms of trading, if gold continues to rebound, then I will also consider continuing to short gold after the rebound. First, observe the performance of gold in the 2516-2520 area. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
5
Go long gold first, then go short goldFirst of all, let me reiterate that our interim target is in the 2460-2450 area, so we have been shorting gold around 2525 recently and have made good profits in short-term trading. At present, gold is mainly running around 2500, but it has never effectively fallen below the 2500-2490 support area. So overall, gold still maintains high-level fluctuations. On the other hand, the buying support below gold is strong, and new funds may buy after the decline of gold, limiting the decline of gold. So even if I am optimistic about the decline of gold and set the interim target as the 2460-2450 area. But gold will not fall to the right place all at once, so I will not advocate shorting gold directly around 2500. On the contrary, for short-term trading, we can appropriately go long on gold around the 2500-2490 support area, and after gold rebounds, we will re-enter the gold short trade! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
XAUUSD Teeters on Edge: Multi-Timeframe Wedge & Channel ShowdownDaily Timeframe Analysis- Pattern: Rising Wedge Description: The daily chart shows a rising wedge pattern. This pattern typically suggests a potential bearish reversal, especially if it appears after a prolonged uptrend. The wedge is narrowing as it moves upwards, indicating a possible weakening of bullish momentum. Implication: If the price breaks below the lower trendline of the wedge, it could signal a significant downward move. Conversely, a breakout above the upper trendline might invalidate this bearish pattern, leading to a continuation of the uptrend. 4-Hour Timeframe Analysis- Pattern: Rising Channel within the Wedge Description: The 4-hour chart also reveals a rising channel pattern. This channel aligns with the broader wedge on the daily chart, but it's more refined, offering a closer look at price movement within the larger structure. Implication: The price is near the upper boundary of the channel, indicating a potential reversal point. A break below this channel would likely confirm the bearish scenario from the daily wedge. 1-Hour Timeframe Analysis- Pattern: Descending Channel and Liquidity Zone Description: On the 1-hour chart, there’s a descending channel forming, along with a liquidity zone just below the current price level. This suggests that the market is in a corrective phase after a previous upward move. Implication: This setup suggests two potential outcomes: Bullish Scenario: If the price breaks above the upper boundary of the descending channel, it could signify a resumption of the upward trend, targeting the upper boundary of the rising wedge on the daily chart. Bearish Scenario: If the price fails to break above and instead drops below the liquidity zone, it could trigger a downward move toward the lower boundary of the rising wedge, potentially leading to a breakout. 15-Minute Timeframe Analysis- Pattern: Flat Flag within the Descending Channel Description: The 15-minute chart shows a flat flag pattern forming within the descending channel. This is a continuation pattern, often signaling that the price may continue in the direction of the preceding trend after a brief consolidation. Implication: The immediate direction could be determined by whether the price breaks above or below this flat flag: Bullish Continuation: A breakout above the flag and descending channel could lead to a strong upward movement. Bearish Continuation: A breakdown below the flag would align with a continuation of the downward trend within the descending channel. Key Takeaways and Strategy Multi-Touch Confirmation: The trendlines have been touched multiple times across the timeframes, especially on the daily and 4-hour charts, which strengthens the validity of these patterns​. Liquidity Zone: The 1-hour chart's liquidity zone is a crucial area to watch. A decisive move away from this zone could confirm the next significant price direction​. Entry Types: Given the patterns, traders might consider a risk entry at the current levels within the descending channel on the 1-hour chart, looking for a breakout. Alternatively, waiting for a reduced risk entry after confirmation of a breakout or breakdown could be more prudent​. In summary, the charts present a potential turning point for XAUUSD, with significant implications depending on whether the price breaks out of the descending channel on the 1-hour chart. Monitoring the key levels identified across these timeframes will be essential for making informed trading decisions.
OANDA:XAUUSD
by MommaPreneur
First short gold, then long goldBrothers, today is a new beginning, let's trade happily together! Currently, gold has risen to around 2526, approaching the previous high of around 2532 again. Obviously, the recent buying support below is strong, and the market is enthusiastic about going long. So gold has not seen a decent retracement. However, I don’t think chasing gold is a wise choice now, so going long gold is not my first choice now. On the contrary, I will still choose to short gold in an appropriate amount to gain gold's retracement space. The short-term resistance above is located in the 2535-2540 area. However, in this market, I don't expect too much room for decline. The first support below is around 2510, followed by the 2495-2490 support area below. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Short gold! Pointing to 2455-2450 areaBrothers, after gold broke through the 2500 mark, the rise and fall of gold have converged, and the continuity of long and short positions is not strong. But relatively speaking, there is still strong buying support below gold, so even if gold fell below 2480 yesterday, it can still recover and is currently running near 2500. Gold generally maintained a narrow range today, and the market was looking forward to Powell's speech later. In fact, returning to the technical level, since gold hit the high point near 2532, the high point of gold has gradually decreased during the rebound process, and there are signs of building a downward channel. Moreover, since gold fell below 2510, the bullish momentum of gold has shown signs of decline; and yesterday's gold fell to around 2470, which is also a test of the short energy. Therefore, for short-term gold trading, I think it is still possible to find a suitable opportunity to short gold, and the short-term resistance is around 2410. If gold falls below 2480 again, then gold may continue to fall and seek support in the 2455-2450 area. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
3
XAUUSD: 2500 points determine the next directionI have some personal matters today, so I don't have time to update you with detailed trading strategies. I will just briefly talk about it. At present, there is a risk of a correction in gold. If it cannot continue to break the previous high, I will not continue to be bullish. 2500 is a key point. If it breaks, it may adjust downward by 30-50$, so you need to pay special attention. The above paragraph is what I said in the channel. Now it seems that my guess has been confirmed. Gold does have the risk of falling. The lowest point of this decline is 2493, but it is not an effective break. Now the price is hovering around 2500 points, and there is indeed support near 2500 points. Now let's see the break near this support. If there is no break, then we will continue to look at the previous high, and if it breaks down, we will be bearish. Whether 2500 points can support or break is difficult to predict now, so I will give you a trading plan for your reference If 2500 points support, we will buy, and the target is near the historical high of 2531 If 2500 points break down, we will sell, and currently it is near the previous high of 2480
OANDA:XAUUSD
by AntonyTP
Officially reached over 2500! NEW XAU ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/19 - 9/23/2024 🔥 World situation: Gold (XAU/USD) surged to a new record high above $2,490 on Friday during the US session as investors remain confident that the Federal Reserve (Fed) will cut interest rates in September, despite Thursday's stronger-than-expected Retail Sales data. Earlier in the day, gold had pulled back after testing a key resistance level around $2,470, a point it struggled with earlier in the week. The pullback was driven by the July US Retail Sales report, which showed a 1.0% month-over-month increase, far exceeding the 0.3% forecast and reversing June’s revised 0.2% decline. 🔥 Identify: Gold price hits all-time high of 2509. Optimism for all markets as September interest rates near 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2531, $2560 Support : $2490, $2465, $2430 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
1
From 2475 to 2450, it is just the start!Brothers, gold fell back as expected. At present, gold has fallen below 2450 several times in the short term. The short-term short force is strong. At present, gold still has the potential to continue to fall. I am sure that gold will at least fall back to the 2435-2430 area, or even the 2420-2415 area. In the past two days, I have been advocating and insisting on shorting gold in the 2470-2475 area, from shorting gold at the beginning, and then continuing to short gold. I am very much looking forward to a new round of gold decline. When most people are aiming at the 2500 position, I said that only by walking ahead of most people can we eat more cakes and make more profits. So, have you followed my trading signals now?I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
4
#XAUUSD/H4 CPI today determines the long-term trend of GOLD.Analysis of the European - US session on August 13, 2024: On the second day, we have seen a strong increase in all sessions. Gold has approached the old peak area. Today's CPI news will determine whether a triple peak pattern will form and whether there will be a deep correction. A reversal creating a peak has appeared on H4. The trading trend today is mainly BUY. But caution is required in sensitive price zones like this. Price areas to watch: Zones 2430-2434; 2444-2447 and 2481-2486. Recommended orders: Plan 1: BUY XAUUSD zone 2430-2433 SL 2427 TP 2440 - 2450 - 2470. Plan 2: BUY XAUUSD zone 2444 - 2447 SL 2441 TP 2452 - 2460 -2470. Plan 3: SELL XAUUSD zone 2483 - 2486 SL 2492 TP 2475 - 2450 - 2430 - open.
FX:XAUUSD
by wetdyerap
Don’t worry, your short position will be profitable! .With certain buying support, gold was pushed up to around 2415, which was also the most positive day in the past two days. Do you still hold a short position in gold? What if the short position is in trouble? In fact, I am not nervous about the rebound of gold. I think there is nothing logically wrong with holding a short position in gold, and I firmly believe that gold will fall back, at least around 2390. Do you think you will still be nervous about holding a short position in gold? For the rebound of gold today, I think it is just a technical repair, and it is far from a strong reversal. In addition, gold is still facing suppression in the 2416-2420 area and the 2430-2435 area. Without the influence of major news, it is difficult for gold to form a technical support rise in a short period of time. Then the continuity of the gold rebound is not strong, and gold will fall again. So I don’t think there is any need to worry about holding a short position in gold. On the contrary, we can’t easily chase more gold in trading.Are you still worried about your gold short position? If you don’t know how to solve the current difficulties, you can follow me. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer