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Gold:A correction before 2100?Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 1955 zone. fundamentally the market is expecting Fed to pivot in the next Quarter which is considered as bullish for Gold and Stocks in the long term. and considering also the Balance sheet that got more liquidity injected. we can also mention that the market is considering Gold as a safe haven due the bank crisis. Technically we have noticed that Gold is in a phase of correction that approaches the uptrend around 1955 Support zone so i will keep an eye on the price action over there. for my target i'm setting Monthly high. Feel free to ask any question in the comment section. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
18
Bullish Elliott Wave Outlook in Gold (XAUUSD)Gold (XAUUSD) ended wave (4) at 1803.84. From here, it rallies as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 1858.33 and pullback in wave ((ii)) ended at 1809. The metal then resumes higher in wave ((iii)) towards 1914.60. Pullback in wave ((iv)) ended at 1885.40. Final leg higher wave ((v)) ended at 1937.31 which completed wave 1. Wave 2 pullback is now in progress to correct cycle from 2.28.2023 low in larger degree 3, 7, or 11 swing before the rally resumes. Wave 2 is proposed to be unfolding as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 1907.1 and wave (b) rally ended at 1933.42. While below wave 1 at 1937.31, expect Gold to extend lower in wave (c) of ((w)). Afterwards, it should rally in wave ((x)) before turning lower again in 3 waves to end wave ((y)) of 2. If Gold breaks above 1937.31 instead, then that means Gold is still in the process of ending wave 1. Near term, as far as pivot at 1803.84 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
FX_IDC:XAUUSD
by Elliottwave-Forecast
1
Gold's strong bounce off long term moving averagesThe strong rebound from its long term moving averages continues to suggest the bull move remain in charge. Longer term targets are the 1960 recent high and the 2070/90 region, which is the high we got back in 2022 and also the top of a 12 year channel (see monthly chart). Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
FXOPEN:XAUUSDLong
by The_STA
XAUUSD: We're closing all buys, pull back expected on overboughtBoth targets are hit on Gold (see end of page for chart), turning the 4H time frame over extremely overbought (RSI =89.410, MACD = 16.990, ADX = 49.304) as the price is approaching the final Resistance, R1 (1,919). We are now out of every long position on XAUUSD and will buy again on the HH trend-line again at 1,870 and target R4 (TP = 1,960). P.S. Last week's buy: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
5
SILVER Bounce from Support?!Here we are looking at SILVER on the Weekly TF… As you can see, SILVER has been trading within a macro symmetrical triangle structure, which has clear and established support and resistance lines. Silver has been trading within this structure since March of 2020 (COVID—19 Crash). Since then, it has tested descending resistance 5 times on the weekly, and ascending support 3 times (so far). Currently, SILVER is on its way to that support, and I expect it to reach that line soon (relative to the weekly TF candles). While it’s still too early to definitively say, I do believe that SILVER will bounce from support, and make another run to resistance in another attempt to breakout to the upside. 
What do you think SILVER will do next? Let me know in the comments! Cheers!
TVC:SILVERLong
by GarethSolowayOfficial
4
SILVER Looking to Bounce Here we are looking at Daily on the Daily TF… We’ll keep this idea brief as it’s pretty simple in its nature. SILVER has seemingly began to bounce from its local support that it formed back in November of 2022. If SILVER can hold this support and continue bounce from here, we can expect further upside to follow… I will continue to update this chart as there are relevant developments for it. Let me know what you think SILVER is going to do next in the comments! Cheers!!
TVC:SILVERLong
by GarethSolowayOfficial
5
Key week reversal on the gold marketThe key week reversal and break of a 2-month uptrend all point to a deeper sell-off for the gold market short term. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
OANDA:XAUUSDShort
by The_STA
1
Will Gold Be Defeated?The previous all-time high from September 2011 at $1920 is playing a major role in price action yet again. Price reacted to this level in March 2022, where the high of that candle also tagged the current all-time high at $2075. Price failed at both resistance levels and went on a decline, creating a low at $1614 in September 2022. November 2022 through to the current month have been bullish, bringing us to where price is now. During the month, price has traded above $1920, but as we are nearing the end of the month, the sellers have pulled price down to this level where it could be acting as support on the daily timeframe. Despite the bullish impulsive moves over the last three months, remember that a long-term consolidation is still in play from September 2011. Until we see a trend emerge above the all-time high, expect turbulence and volatility along the way. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
2
Gold up move has lost momentum - and looks correctiveSignificant loss of upside momentum on the daily RSI suggests that the gold market is vulnerable to a correction short term, you may wish to tighten up those stops. The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
FXOPEN:XAUUSD
by The_STA
XAUUSD Time to start taking long term profitXAUUSD on the 1W chart is more straightforward. It crossed into the overbought zone technically (RSI = 69.498, MACD = 29.410, ADX = 36.625), approaching the top of the Channel Down where all full body 1W candles closed. Unless an extraordinary fundamental event takes place, Gold shouldn't deliver a wick similar to last time (March 2022 - Russia/ Ukraine war). Pay attention to the 1W RSI touching the Lower Highs line where it has been rejected 3 times in the past three and hald years. The downside at this point is huge and long term investors should start considering closing profits around the current levels. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
FX_IDC:XAUUSDShort
by InvestingScope
7
Gold Prices Break Below the EMA-200 Aiming for the 1780 Level OnOn the hourly chart, gold prices have completed a bearish breakdown by closing below the EMA-200. This breakdown occurred after a consolidation move with a seemingly three-tops pattern that formed after a bullish trend. The short-term target area for gold price is 1786.12-1782.90, with 1776.60-1773.50 as the next bearish targets below. In the contrary case, a close above the EMA-200 would invalidate the previous hypothesis and push gold prices back to 1808.12.
TVC:GOLDShort
by SamerHa
4
Gold Price Recovers a Major Support Level Targeting $1830 LevelAs for entering the year 2022, we witnessed at its beginning a rapid recovery in the price of gold and it almost recovered during its previous peak, to retreat from it later and enter into another deep bearish trend in which the gold price lost 22% of its value as it reached the bottom of the descending channel shown on the weekly chart. At the begging of November, Gold was able breakout the channel and restored the major support level of 1756 dollars and the EMA-25. Gold is currently trading at key levels. As the gold price approaches the resistance of the EMA-100, it reaches the EMA-50. While stability and closing above the EMA-100 may allow the gold price to reclaim the levels of $1879-1832 (green shaded area), the $98 level is also a bullish target. However, a pullback below the $1756 support level and failing to hold above it may invalidate the prior bullish premise, causing the gold price to resume its decline towards the $1682-1616 levels (dotted shaded in red).
TVC:GOLDLong
by SamerHa
$DXY uh oh.......1 Uh oh... $DXY US #Dollar seems to be waking up from slumber Needed rest after that huge since Mid 2021 Bull run actually started 2008! Today 1st day it's touched 20EMA Green line LOOK @ THE RSI! #currencies #stocks #gold #commodities #BTC 2 $DXY up & so are others that tend to diverge #GOLD gapped a bit Has been struggling in this area Volume lowering Forming Rising Wedge - Bearish RSI = Negative divergence $BTC also green but about to turn red #OIL gapped up & now lower #StockMarket #indices all red
TVC:DXY
by ROYAL_OAK_INC
1
🥇Gold Declines Ahead🥇🥇Gold Declines Ahead🥇 🥇It promises to be an interesting end to the year in front of us. 🥇Looking at gold's behaviour in recent weeks, I have no doubt about the possibility of a downward correction. 🥇Looking at price action we clearly have problems overcoming the resistance zone set around 1820. 🥇The last such attempt ended in a sharp downward slide. 🥇Looking at the technical environment, it will still take some time to generate 100% pro-declining signals but so far, in my opinion, there is nothing to count on for upside. 🥇The scenario that I am playing out is the continuation of declines to the vicinity of the support zone, I do not exclude the possibility of changing the scenario and if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🥇*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
OANDA:XAUUSDShort
by InvestMate
12