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Xauusdlong

XAUUSD: NFP data and trading strategies for the next two weeks Yesterday's gold movement largely aligned with expectations, with relatively limited fluctuations. However, today is unlikely to be as calm, as the market now faces two sharply contrasting scenarios: If the Non-Farm Payroll (NFP) and unemployment data are bullish for gold, and the price remains within its current range, we could see a rebound, testing or even breaking the previous high before retreating to current levels. Alternatively, before or shortly after the data release, gold may retest the resistance near its previous high (or consolidate below the 2668 level) and then begin a significant decline, potentially forming a double-top pattern (with a break below 2620). Disregarding the data, from a technical standpoint, the daily chart (D1) shows that gold is at a critical juncture. Recent price movements have hovered near key support levels, with some indicators clearly signaling weakness. A decisive move is imminent. Scenario 1: Gold consolidates near support, gathering momentum and bolstering bullish sentiment, leading to a second upward push—similar to the rally initiated around the 2500 level. If the market demonstrates strength, prices could challenge the 2700-2710 zone, followed by a weekly close showing weakness. A significant pullback of no less than $100 could then ensue. Scenario 2: Bullish momentum fades, and the bears start to take control. A double-top formation would likely emerge, targeting the 2625-2611 support zone. If bulls fail to hold these levels, the next bearish targets would be in the 2590-2570 region. I hope this analysis provides valuable insight for your upcoming trades. Wishing you all the best of luck!
OANDA:XAUUSDShort
by Mia-Signal
PMI - momentum for NF - prepares to increase prices⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices remain supported by escalating Middle East tensions. On Tuesday, Iran fired over 200 missiles at Israel, and early Thursday, Israel launched airstrikes on central Beirut, Lebanon, increasing fears of a larger conflict. This ongoing instability boosts demand for safe-haven assets like gold. Meanwhile, traders are likely holding back from making strong moves, awaiting Friday's key US Nonfarm Payrolls (NFP) report for clearer direction. ⭐️ Personal comments NOVA: According to the H1 frame - gold prices form an upward trend - NF this week will determine the upcoming trend for Gold - NOVA leans towards upward price momentum thanks to middle east tensions - gold price has more upward momentum ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2644 - $2641 SL $2637 TP1: $2650 TP2: $2660 TP3: $2672 🔥SELL GOLD zone: $2672 - $2674 SL $2679 TP1: $2665 TP2: $2650 TP3: $2641 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
8
XAU 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024 Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold. Gold price moves in large range - touches H2 downtrend trendline Upward view based on world war tension in the middle east /// BUY XAU : zone 2641-2644 SL: 2636 TP: 50 - 100 - 300 pips (2671) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
Gold is in the Bearish Direction after Formation ManipulationHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
XAUUSD: The bears are about to strike back In the past few days, I lost my grandmother, and it has been a deeply sad time. After attending her funeral today, I found myself reflecting on many things. Life is short, and whether we pursue fame or wealth, nothing is as important as the health and happiness of our loved ones. I sincerely hope that everyone here can live a healthy and joyful life, with all your wishes coming true. Turning back to the gold market, after a significant rally, we’ve seen a pullback to test support before another rebound to resistance, followed by another decline. We’re now at a critical turning point. From the 30-minute chart, we can observe a pattern resembling a double top. If it breaks the trendline, a decline to the $2600 level seems inevitable—there’s no need to doubt it. My mid-term target remains $2568-$2490, and I believe we may see this play out sooner than expected.
OANDA:XAUUSDShort
by Mia-Signal
10/2 XAU | USD increased by war conflictXAU / USD trend forecast October 2, 2024 Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million. /// BUY XAU : zone 2635-2637 SL: 2629 TP: 50 - 100 - 300 pips (2665) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
Gold OutlookAs Gold was consolidating from two days and have not given any clear direction ⬇️⬆️ now it seems like it has completed its consolidation phase and we can a All time High for this week as we are awaiting for Unemployment claims which can be distributing for TVC:DXY and Gold can fly as the forecast says it has higher ratio than previous week also we will be waiting for Institute of Supply managments data which can power up USD as forecast so we will careful at the time of news tomorrow we will have an important news of NFP which will crucial to decide the direction of Gold for next week As well as i am concerned what i am seeing through my technical data is Gold has formed a inverse head and shoulder pattern which is a bullish reversal pattern and as i have mentioned in my Chart gold has completed it 2nd shoulder after which i expecte a Boom in price here is important thing to remember is we have an ATH resistance waiting up there price can return from there for tomorrow Confluence is price is bullish over Monthly to weekly to Daily to H4 to H1 Previously Price has formed its bearish move on H1 but now it has got back to its bullish trend and following bigger time frames Wish u luck
OANDA:XAUUSDLong
by Wakeel_Saab
XAUUSD: Swing Buy Reversal is Coming! From 2450 to 2560! Dear Traders, WE have an important entry coming up on Gold, possibly the one which will shape the gold market. After creating a record high and touching the 2530 for the first time, price exhausted and started dropping and ranged between the area. However, if we look into it with areas that gold may reverse from, the area that we find attracting is 2440 to 2450 in which we may see a large volume of buy volume kicking in the market. Good luck.
OANDA:XAUUSDLong
by Setupsfx_
17
Monday Market Analysis and SignalsSpot gold fluctuated in a narrow range in the Asian market on Monday, and is currently trading at $2,653 per ounce. Gold prices fell 0.5% last Friday. After the release of the US PCE data, some bulls took profits, dragging down the price of gold. As the United States began to implement loose monetary policies to boost the attractiveness of gold, gold prices have set new historical highs in recent trading days, and the weekly line still closed higher, with three consecutive weekly gains. The third quarter is expected to be the best quarter in more than eight years. In addition, the escalation of conflicts in the Middle East also provides safe-haven support for gold. Several historical highs were set last week, highlighting investors' strong expectations for future interest rate cuts by the Federal Reserve. Investors' interest has been rekindled as lower interest rates have weakened the transaction costs of gold. As an interest-free asset, gold is more attractive in an interest rate cut environment, pushing gold prices up by about 14% this quarter, the best quarterly performance since 2016. The US September NFP report will be released this week, and investors need to pay close attention. In addition, they need to pay close attention to news related to the geopolitical situation, pay attention to the performance of global stock markets and changes in risk aversion. This trading day needs to focus on the speech delivered by Federal Reserve Chairman Powell at the National Association for Business Economics. However, it should be reminded that this trading day is the last trading day in September and the last trading day in the third quarter. Investors also need to beware of the possibility of abnormal market fluctuations caused by dealer position adjustments. Technical aspect Technically, the gold daily and weekly lines still maintain a good trend bullish structure, and the price runs around the bullish rising trend channel. At present, the daily line rises above 2685, and the long volume is released, and the indicator is stagnant and overbought, forming a short-term correction and repair, and the daily line forms a red and blue alternating closing. The price continues to maintain the MA10/7-day moving average at 2650/2627, opening upward and gradually moving up. The short-term four-hour chart retreated to the lower track of the Bollinger band on Friday to form a bottoming rebound. The technical trading ideas of gold remain unchanged and the trend is mainly low and long! Use 2643 as a long stop loss to participate in long positions, and the upper suppression points are 2675 and 2685
OANDA:XAUUSDLong
by Jun-goldFX
Gold XAU/USD Rejection from Resistance with Potential RebounceOn the 15-minute chart, Gold is currently facing rejection from a key resistance level. If the price retraces back to the support level, there is potential for a rebound. This support has previously acted as a strong zone, and we could see a bounce if it holds again. However, it’s important to watch for confirmation signals before entering a position, as a break below this support could invalidate the bullish scenario.
CAPITALCOM:GOLDLong
by rebenga93
A bull just hit a bear under the chin with its horns.This chart represents a 4-hour analysis of the gold (XAUUSD) price, highlighting key support and resistance levels. The resistance points are marked at 2720 and 2740, labeled as "Resistance 1" and "Resistance 2" respectively. An important pivot is located between these levels, acting as a key area for decision-making. On the other hand, support levels are identified at 2630 and 2600, marked as "Support 1" and "Support 2." These points indicate potential zones where the price might react if it drops, possibly resuming an upward movement. Based on this analysis, for trading decisions, if the price nears the support levels (2630 and 2600), it could be a buying opportunity. Conversely, if the price approaches the resistance levels (2720 and 2740), it might be a good time to consider selling.
CAPITALCOM:GOLDLong
by pvf1313
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000