Gold Price is starting to look weaker. Hourly Chart.

30 Sep 2024

https://www.tradingview.com/x/QQSpoWdC/

See in this hourly chart for XAU-USD earlier in the Asian Monday session price fell through an hourly trend line (yellow) and then falling straight through the Ichimoku Cloud.

30 Sep 2024

Dagangan aktif

Short Trade in Gold XAU USD
Sell Market Price 2630-2640
SL:2671

30 Sep 2024

Dagangan aktif

Everyone is buying up the USD today so shorting Gold cant be a bad thing

30 Sep 2024

Nota

30 Sep 2024

Dagangan aktif

Let's try for a Take Profit of 2613 which is also the Anchored Volume Weighted Price (Mean)

30 Sep 2024

Dagangan aktif

Price is inside a big falling wedge and price currently only retracing a bit.

30 Sep 2024

Nota

Gold still wanting to rally & probably due to stimulus measures announced recently in China.
I see the Gold price filling in the 'back-side' as shown in the chart below.
There is a fairly loose Stop loss on this trade 2671. So over the coming sessions and days I see this Short trade working down into the zone. Or take profit at around 2613

30 Sep 2024

Dagangan aktif

I will stay Short in trade of Gold. Price has not been able to rally much above 2630. Price will eventually test the mean which is the Anchored VWAP.
Here is the gold chart for the month of September.

4 Okt 2024

Dagangan aktif

Gold Trade: Sell XAUUSD 2652 to 2644
Stop Loss: 2662

4 Okt 2024

Nota

TP: 2615

4 Okt 2024

Nota

Another possible trade zone to Sell
Sell 2644 to 2647.50
SL: 2650
TP: 2615

4 Okt 2024

Nota

Im hearing it wont be a long Gold short. They will turn it around soon to go long. Take Profit, 2635

4 Okt 2024

Dagangan aktif

The non -farm payroll numbers were good for the American company, so it probably makes sense to be catching a LONG today. Apologies for that first mess of a trade.
BUY XAU USD 2641-2645

4 Okt 2024

Nota

American people' maybe sounds better.

4 Okt 2024

Nota

Stop loss: 2631.95

4 Okt 2024

Dagangan aktif

This is the current chart for Gold on a very low time frame 3 minute.

4 Okt 2024

Nota

4 Okt 2024

Nota

Price looks to be breaking out now.

4 Okt 2024

Nota

BUY 5704 to 5706
SL: 5699

4 Okt 2024

Nota

Take Profit:
Sell Half at 2744 to 2750.
Price will naturally test the previous high 2750.
Sell half and wait for a break through 2750.
Safest option. See the lot at about 2745

4 Okt 2024

Nota

4 Okt 2024

Dagangan aktif

That last leg down was an exact 50% retracement top to bottom. Expected with these higher high prices for gold, at the cheaper 50% price new buyers would've entered to keep this trade going. But lock in profits if you have them at any sign of weakness in the gold price.