GOLD WILL FALL DOWN|SHORT|
✅GOLD was trading in a
Narrowing wedge and now
We are seeing a bearish
Breakout so we are locally
Bearish biased and we will
Be expecting a further
Move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
D-XAU
GOLD Bearish Breakout! Sell!
Hello,Traders!
GOLD broke out of the
Narrowing wedge pattern
And the breakout is confirmed
So despite the fact that we
Are bullish biased mid-term
We will be expecting a
Local bearish move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
XAU USDtaking sell trade for (xau/usd) from (entry) 2520.975$ to (target) 2504.200$ knowing that my stop loss is 2527.120$
SMC : CHOCH AND IMB
SK + price action : Negative reaction to gold and the beginning of the formation of negative scions on the SK analysis system from the price action areas according to the school of price behavior.
Where we notice the price rebounding from the Fibo 0.5 areas.
When closing with a candle below $2515.08, we will go to the target of $2504.2, and we may witness some upward corrections with the aim of giving second opportunities to enter sell.
HelenP. I Gold will grow a little and then drop to support levelHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price rebounded from support 2 and dropped to the trend line, after which at once started to grow. After this, Gold quickly rose to support 2, which coincided with the support zone, some time traded in this area, and then broke support 2. Next, the price entered to consolidation, where it corrected once, and then rebounded up to the top part of the range and even entered to one more support zone. But soon, XAU turned around and dropped to support 2, making a fake breakout of support 1 and breaking the trend line. After this movement, XAU started to grow between the trend line, and a short time later it reached support 1 again, breaking the trend line one more time. Gold broke support 1 and continued to move up near the trend line. Now, I expect that XAUUSD will rise one more time and then drop to a support level, breaking the trend line. For this reason, my goal is the 2470 support level. If you like my analytics you may support me with your like/comment ❤️
XAUUSD - 1H Bearish signsOANDA:XAUUSD is showing clear signs of weakness after struggling under resistance at $2,525. The recent break of trendline support, followed by a pullback, sets the stage for a significant drop. A logical stop loss above the resistance and a target near the bottom of the trading range could offer a solid risk-reward opportunity. Expect a move below $2,500 soon.
Gold shows signs of exhaustion at its record highGold may have reached a record high on Tuesday, but it then handed back more than half of the day's gains to leave a long upper wick. The ATH met resistance at the weekly R2 pivot and the daily RSI (2) has formed a bearish divergence in the overbought zone.
A momentum shift can be seen at the ATH on the 1-hour chart. A bearish divergence has also formed on this timeframe. The bias is to fade into retracements within yesterday's range to target the 2540/45 range, near the 50-bar EMA and HVN (high-volume node).
Can Gold’s Uptrend Survive Friday’s PCE Data? Can Gold’s Uptrend Survive Friday’s PCE Data?
Gold prices slipped over 0.7% on Wednesday as the U.S. dollar rebounded, setting the stage for a pivotal close to the month with key inflation data on the horizon.
Markets are bracing for the upcoming Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation. The PCE data, due on Friday, is expected to show a slight uptick, according to consensus estimates. If the U.S. economic data continues to show signs of weakness, it could bolster gold’s recent uptrend, fueling speculation that the Fed might consider a larger rate cut in September.
Despite Wednesday's dip, gold's upward trajectory possibly remains largely intact. The metal briefly dipped below $2,500 but quickly rebounded. If prices remain above this level, the next significant resistance lies at the all-time high of $2,531.
GOLD Will Go UP! Buy!
Hello,Traders!
GOLD is trading in an
Uptrend and the price
Is likely to make a local
Retest of the horizontal
Support of 2480$ but
From there we will be
Expecting a rebound and
A further move up to
Retest the resistance of 2530$
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Gold can start to grow from support line of upward channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some time ago started to grow inside the upward channel and soon reached the 2440 support level, which coincided with the buyer zone and broke it. Then it rose a little higher and then made a correction movement back to the 2440 support level, which moment coincided with the support line and then at once rebounded up. Gold reached a resistance level, which coincided with the seller zone, and made a fake breakout of this level, after which in a short time declined almost to support line of the channel. Next, XAU continued to grow and later reached the 2525 resistance level one more time and some time traded near. But recently Gold rebounded from this level and dropped, so, I think that the price can fall to the support line and then start to grow to the resistance line, breaking the resistance level. For this case, I set two TP, first at the 2525 resistance level, and second - at the 2555 level, near the resistance line of the channel. Please share this idea with your friends and click Boost 🚀
GOLD - Price can make small move up and then bounce downHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price bounced from $2385 level and then entered to triangle, where it fell to support line.
Then price made a strong upward impulse to $2475 level, thereby breaking $2385 level and exiting from triangle.
After this movement, Gold entered to wedge, where it at once fell to support line, but then started to grow.
In a short time, price rose to $2475 level, broke it, and then reached resistance line of wedge, after which fell.
Price declined to $2475 level, which coincided with support zone and recently it started to grow.
Now, I think that Gold can make one more movement up and then fall to $2475 support level, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GOLD BULLISH BIAS|LONG|
✅GOLD is trading in an
Uptrend along the rising
Support and the price made
A nice rebound and is going
Up now so we are bullish
Biased and we will be
Expecting a further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Buy Gold (Xau/Usd) Bullish ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2511, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2537
2nd Support – 2551
Stop-Loss: To manage risk, place a stop-loss order below 2499. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD - Gold 4HRSimple Trading - Triangle pattern
Gold has broken from its bullish momentum and is now finding support in the triangle around 2505. Expect gold to continue to the previous low and make higher lows around 2490. If the Triangle pattern plays out correctly, the Price will break bullish above the recent highs and continue to the target. Keep in mind that 2 or more candles are already closed above the Triangle. This could either be a break and retest or could indicate more sell pressure.
*These are just my thoughts, not financial advice.
Gold's Uptrend Intact? ATH Remains Unbroken Gold extended its rally on Monday as mounting expectations for a Federal Reserve rate cut in September fueled demand for the safe-haven asset. Powell gave the green light on interest rate cuts during his speech at Jackson Hole last Friday.
San Francisco Fed President Mary Daly echoed Powell, saying “It's hard to imagine anything could derail a September rate cut.”
Traders are closely eyeing next week’s Nonfarm Payrolls report, which could play a crucial role in determining the magnitude of the rate cut. An abysmal number could raise the likelihood of a 50bps cut. Lower rates reduce the opportunity cost of holding gold, and thus increases its appeal.
Adding to bullion’s appeal, escalating tensions in the Middle East, particularly the intensifying conflict between Israel and Hezbollah, provided an additional boost to prices.
Despite the bullish momentum, gold has yet to reclaim its all-time high of $2,531. Technical indicators show some loss of upward momentum, though they remain well above neutral levels, suggesting the uptrend remains intact.
XAUUSD 26/8/24After calling another all-time high on gold last week, we were expecting more upside from this pair. Now, the one thing that shifts us toward a sell-side bias is the fact that we broke the last significant structural low that led to the new high. This indicates that a pullback is in progress, but with liquidity building above the significant high, the probability of further upside remains the most likely scenario. With this in mind, the level below the current price, where we reacted last week, is where we expect the price to come down and interact again. We also have a demand area below. If the price drops into this area, I will look for longs back toward the highs, potentially creating another new all-time high for gold. However, if we break below the trajectory level we’ve identified and pass the demand area we've marked, we’ll anticipate a deeper pullback, similar to what we projected on EUR/USD.
Using the same principles here, we have two points of interaction for potential upside moves, but for sell-side moves, we don’t yet have any areas to reference. If the price drops lower, new areas will be left behind, and we can begin to consider them. Until then, we are focusing solely on the upside areas. This aligns with our overall bias, supported by the daily timeframe, which is showing very strong moves to the upside. We do not expect this to change abruptly.
Trade safely, follow your plan, and stick to your risk management.
Gold : will be bullish this week
OANDA:XAUUSD Gold will be bullish until the uptrend line is broken on the higher time-frame
We have now entered a buy position due to the breakout of the neckline of the reverse head and shoulders pattern
We also placed a buy limit order in the Pull-Back (1% of the trading account).
We hope everyone has a good week
Trading Setup:
Gold XAUUSD 1h
⬆️ Buy Now or buy on 2507.9
⭕️SL @ 2489.8
🔵TP1 @ 2550.8
🔵TP2 @ 2600.0
🔵TP3 @ 2649.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
Could Gold reverse from here?The price is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 2,530.36
Why we like it:
There is a pullback resistance level
Stop loss: 2,556.10
Why we like it:
There is a resistance level at the 138.2% Fibonacci extension.
Take profit: 2,477.82
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
!!! GOLD !!! - UP UP and UP !Hi,
The beginning of the week will be about finding a new top.
Continue buying until a new correction.
This is just an idea
be careful.
XAUUSD (GOLD), falling to support.Hi everybody. Gold bears waiting to start shorting process. They accumulated between 2500.0 - 2516.0 then sold some part and now waiting to sell again.
I mark all interesting market prices for you. Falling to 2487 in near time. Have a nice trading day and thanks for your boost!
GOLD 4H / Jackson Hole Symposium - Sensitive Movement Gold Technical Analysis:
Gold futures have regained some ground following Thursday's sharp selloff, the largest single-day decline in a month. Despite the recent dip, the precious metal remains up 17% year-to-date.
Current Outlook:
After a significant drop of over 250 pip, as anticipated in the previous analysis, gold remains under pressure. As long as the price trades below 2500, it is expected to consolidate within the 2500 to 2475 range. The 2475 level is a strong support zone, and a decisive break below this level could signal a bearish shift.
Bullish Scenario:
A sustained move above 2509 could push the price towards 2516 and 2526. For a new bullish trend to emerge, gold must break above 2525, potentially triggering a rally toward 2543 and 2558.
Bearish Scenario:
While the overall bearish trend is distant, a strong correction could occur, driving the price down to 2,484 or 2,475. However, especially stability under 2509 or 2516
The next bearish area will start by stabilizing under 2475
Key Levels:
Pivot Line: 2501
Resistance Levels: 2516, 2525, 2543
Support Levels: 2484, 2475, 2466
Expected Trading Range Today:
The price is anticipated to fluctuate between 2525 and 2475.
Trend: Bearish correction
previous idea:
GOLD - 1H Sell OpportunityAfter yesterday’s significant drop, OANDA:XAUUSD saw a rise, pushing up to the resistance block order zone. Given the strength of this resistance, there’s a high likelihood that gold could face a strong downward movement from this level, potentially leading to a substantial fall. This setup suggests that the recent uptick might just be a temporary retracement before the next bearish leg.
GOLD - Price can continue to move up inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price started to decline inside pennant, where it fell to support line, breaking support level.
Soon, price turned around and made upward impulse to resistance level, breaking $2385 level and exiting from pennant.
Next, price bounced from resistance level and fell to support area, after which started to grow in rising channel.
Inside channel Gold reached $2470 level, at once fell below, and then rose to resistance line of channel, breaking $2470 level.
After this movement, price corrected to $2470 level, and a not long time ago started to move up.
In my mind, Gold can fall to support area and then continue to move up inside rising channel to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Heading into 50% Fibonacci resistance?XAU/USD is rising towards the resistance level which is a pullback resistance that aligns with the50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,498.84
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 2,529.75
Why we like it:
There is a pullback resistance level.
Take profit: 2,463.56
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
