Get started

F-XAU

A Technical PerspectiveAfter a momentous breakout above its All-Time High (ATH) range of approximately $2,140 - $2,450, gold is flashing signals of a strong bullish uptrend. The consolidation just above the ATH manifests a potential bullish flag formation, indicative of a continuation pattern. Subsequent to the breakout, gold has retested the ATH, now turned support, before launching into a current rally. What's particularly interesting is the 'gap' that has emerged as a result of this surge. Gaps in forex, unlike their crypto counterparts, often signal areas of future price interest. As we stand, the price hovers around $2,393, and the gap we're observing hints at an underlying momentum. Yet, the nature of gold and forex suggests a more methodical movement compared to the rapid pumps of cryptocurrencies. This leads to the expectation that gold may see a retracement to the $2,200 level to fill the gap and solidify its base. Such a move would be healthy for the market, allowing gold to establish a confirmed support zone for potential future ascents. Technical Indicators: SMA is currently at 2349, serving as a near-term benchmark. Stochastic is trending in overbought territory (%K at 86.20), hinting at a possible pullback. RSI is also elevated at 77.20, aligning with overbought conditions. The MACD histogram shows a robust bullish phase, but a pullback could be imminent as the price diverges from the signal line. Outlook: While the bullish fervor is palpable, the technicals suggest that a retracement to fill the recent gap may be the market's next move. This could offer a firmer ground for gold's price to eventually build upon. Keep a close eye on the $2,200 zone, as this area could be key for the bulls to establish a strong foundation. As always, this analysis is provided for informational purposes only. It is not a call to action and should not be construed as financial advice. Markets are complex and influenced by many external factors; stay informed and trade wisely.
FOREXCOM:XAUUSD
by MonoCoinSignal
2
Gold might be in a late stage of the rallyGold saw a pullback of nearly $100 from a high of $2,431, followed by a slight rebound, dragging the price to $2,370 per troy ounce. This increasing volatility begs the question of the market’s state. To address this, we would like to note that the rising volume has been accompanying the increasing price, which is positive (and, indeed, quite impressive, considering how much gold has run up in the past year). In addition to that, silver and some of the mining stocks within the precious metals sector began to catch up with gold recently, which could indicate the shiny metal is entering a late stage of the rally. With that said, we think there is still a significant chance for gold to run higher (likely beyond $2,500). But then, we are also well aware that certain market developments (if they play out) might hold gold down for much longer (including the stock market downturn, steady or higher interest rates for longer, etc.). Illustration 1.01 Illustration 1.01 shows the daily chart of XAUUSD. Green arrows highlight a simultaneous rise in the price and volume. Illustration 1.02 The weekly graph of XAUUSD depicts two multi-year resistance levels from the past, which now act as critical support levels. Following a breakout above the first level in June 2019, gold rallied nearly 51% before forming another wall of resistance at $2,075. This level was first time broken (temporarily) in late 2023 and then again in late February 2024 (now with the price staying above it); when measuring from the second breakout level at $2,075 until the recent peak of $2,431, gold rallied slightly more than 17%, potentially leaving some more upside left (though, unlikely another 30% without a significant pullback to the base). Illustration 1.03 The daily chart of XAUUSD above shows alternative support levels derived from past peaks and troughs. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
HelenP. I Gold can make a small move up and fall to trend lineHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price some time ago entered to support zone, which coincided with support 2, and started to trades inside. Gold long time traded in this area, after which the price declined a little lower and then made impulse up higher level 2, thereby breaking it and exiting from the support zone, after which XAU in a short time rose to the trend line. When the price reached this line, it rebounded and little declined, after which Gold turned around and rose back to the trend line, which coincided with one more support zone. Later price repeated little correction movement and then made strong impulse up, higher support 1, thereby breaking this level and trend line also. After this, XAU continued to rise and recently in reached 2430 points, and then turned around and started to fall. For my mind, Gold will make a small move up and then continue to decline to the trend line, therefore I set my target at 2270 points, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
1
XAUUSD 14/4/24Really simple setup for gold here, we know we had a great move from last week creating severe new ATHs as well as the week before, i am not expecting this to stop any time soon! on the charts here you can see we have 3 ideas to watch, running higher from where we sit. dropping into and wicking the 4hr low to then go higher again or running lower from the sell off we had late Friday to then create a new swing high that will be targeted again for higher prices! As most of you know war is on the horizon and we know what gold likes to do when things get a bit rough, and that is climb higher then it has before... with the mixture of structure fundamentals and the overall price action i am looking at another ATH for gold this week! Read PA follow structure and stick to yours rules! have a great trading week!
FOREXCOM:XAUUSD
by rosshayes
HTF Markup 15-19 Apr 2024 W16- XAU, DXY, GBP, JPY, AUD, NAS, BTCThis is a Weekly post for several pairs showing HTF Markup only using Smart Money Concept (SMC) on Weekly, Daily and 4H Time Frames. Feedback will be highly appreciated. U.S. Dollar Index TVC:DXY Weekly: Daily: 4H: Gold Spot / U.S. Dollar OANDA:XAUUSD Weekly: Daily: 4H: British Pound / U.S. Dollar FX:GBPUSD Weekly: Daily: 4H: U.S. Dollar / Japanese Yen FOREXCOM:USDJPY Weekly: Daily: 4H: Australian Dollar / U.S. Dollar FOREXCOM:AUDUSD Weekly: Daily: 4H: US Nas 100 OANDA:NAS100USD Weekly: Daily: 4H: Bitcoin COINBASE:BTCUSD Weekly: Daily: 4H:
OANDA:XAUUSD
by Amr-Sadek
7
Gold Reaches New All Time High Amid ongoing geopolitical tensions, the price of gold ( OANDA:XAUUSD ) is continuing to surge to new record highs. Despite reduced bets on a Fed rate cut and a strong US dollar, the price of gold (XAU/USD) has seen a persistent bullish trajectory over the past three weeks, climbing to the $2,400 neighborhood and marking a fresh all-time peak during early trading on Friday. The current market conditions, which are prompting some profit-taking around the metal due to its extremely overbought state, do not seem to be affecting the strong bullish sentiment surrounding gold. Investors remain apprehensive about the geopolitical risks engendered by conflicts in the Middle East, which have been a key factor driving the ongoing positive momentum. Furthermore, the expectation that major central banks will cut interest rates this year offers additional support to the non-yielding yellow metal. Meanwhile, the US dollar (USD) has climbed to its highest level since November 14, buoyed by speculations that the Federal Reserve (Fed) may delay cutting interest rates. This expectation is underpinned by the hotter US consumer inflation figures released on Wednesday, which support elevated US Treasury bond yields and continue to boost the USD. However, this does not appear to have dampened the fervour surrounding the price of gold, suggesting that the path of least resistance for the XAU/USD is to the upside. In the latest market developments, heightened tensions in the Middle East – amid a possible Iranian retaliation over a suspected Israeli strike on its embassy in Syria – have lifted the safe-haven gold price to a fresh all-time high on Friday. The cooler-than-expected US Producer Price Index released on Thursday has kept alive hopes for an imminent interest rate cut by the Federal Reserve, providing an additional boost to the XAU/USD. According to the CME Group's FedWatch tool, traders see a greater chance that the Fed will not start its rate-cutting cycle before the September policy meeting and fewer than two rate cuts this year. New York Fed President John Williams has noted that inflation setbacks are not a surprise and that the central bank does not need to change policy in the near term, although it will eventually need to cut rates. Richmond Fed President Thomas Barkin has stated that the central bank is not yet where it wants to be on inflation, and that this week's CPI report did not increase his confidence that disinflation is spreading. The hawkish outlook has kept US Treasury bond yields elevated, allowing the US Dollar to remain near the YTD top, but it has done little to dampen the bullish sentiment surrounding the XAU/USD. On a technical level, the strong positive momentum remains uninterrupted despite the overbought Relative Strength Index (RSI) on the daily chart which sits at 66.83. Bulls, however, have taken some profits near the $2,400 mark heading into the weekend, suggesting a need for caution before positioning for any further appreciation.
OANDA:XAUUSD
by DEXWireNews
TD9 count, parabolic, MSM euphoria/ fear - Gold to Cool Offthe fundamentals on gold aren't good: 1. its a rock, King Midas can make the supply infinite 2. mining it is an environmental mess and energy waste 3. value is primarily speculative 4. ton of overhead bagholders from 1,500-2,000 days 5. crypto currency stealing new retail 6. being hoarded by fragile states/ regimes 7. regulatory risk during crisis times 8. massive derivatives & futures market pressure 9. new chemistry could obsolete its small set of utility applications 10. Peter Schiff, Rickards, Clif High, etc baby boomer ponzi crew 11. "Everyone Knows" its a good investment now right? Too Good to Be True pitfall 12. Its just a shiny metal from underground 13. Millennials are already post-gold, post-diamonds
TVC:GOLDLong
by noam_chom
2
Super Bullish Gold may reach 2500$(4//12/2024)In our last analysis, we had anticipated the OANDA:XAUUSD gold price to reach the 2300-2350$ zone. The price has reached our target and after a little correction, the price made a move to the 2400 area. With everything happening worldwide, the 2500$ zone is not far from reach. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
OANDA:XAUUSDLong
by fortunamarkets
Gold just made a big splash above this key pink trendlineXAUUSD made a big splash and just got a new ath recently as it broke above this pink horizontal trendline for the first time. We can see since then it has created a big bear wick however so not so sure it will be able to maintain this pink trendline as solidified support or not. Once it eventually does hod this pink trendline as solidified support for a weekly candle or 3, that should likely be enough to trigger the breakout from this trendline…at that point the target gets pretty bullish. A correction would not surprise me if this big bearwick on the current candle closes as such but for the medium turn I would say gold is having some very bullish developments here. We can also see the recent death cross threat has been confirmed a fakeout and quickly reversed back into the golden cross formation…a great sign for prolonging its bull cycle. *not financial advice*
OANDA:XAUUSD
by DrDovetail
Is gold finally ready to breakout from the pink channel/flag?You can see here on this chart how gold seems confidently above the pink trendline but you can also see to the left of that that we were above this line once before not too long ago and that resulted in a big wick and dip back below the trendline to correct for awhile, as is often the case whenever an any asset breaks above a key trendline like this for the 1st time…now that it is the second time above it and it seems to be holding much better support as of now the chances of this being the breach of the trendline that triggers the breakout is much better with a much higher probability, though there is still some lesser probability for it to go back below the trendline once twice or even thrice again. With each time it goes back below the trendline, the odds of the very next breach up above the trendline being the one that validates the breakout begin to increase exponentially. The current one looks confident enough that its very plausible we could see the breakout validated this go-around, so I’m going to post a chart of this idea with the measured move lines adjusted accordingly to reflect this current spot s the breakout point just so I can more easily keep tabs on it in the coming weeks ahead. *not financial advice*
OANDA:XAUUSD
by DrDovetail
$2,300 hit amid gold's steep riseShortly after the futures market opened, gold reached our long-time-awaited price target of $2,300 and established a new all-time high at $2,305 before retreating slightly lower. We continue to be bullish on gold in the long term and believe it can reach significantly higher price tags ($2,500 and higher) due to future rate cuts, sticky inflation, and a weak U.S. dollar. Nevertheless, despite our bullish beliefs, there are certain developments in the market to consider and watch out for. According to the World Gold Council's report earlier this year (and information from Metals Focus and ICE Benchmark Administration), gold total demand rose approximately 3% YoY in 2023. However, what is intriguing about this figure is that the majority of the mentioned sectors in the report experienced year-over-year declines in demand that same year, including electronics, dentistry, technology, jewelry fabrication, gold bars, central bank purchases, ETFs, and investment. In fact, only four sectors showed positive gains, with most of the demand coming from over-the-counter and other (recording a 753% rise YoY); the rest of the categories that gained include industrial demand, imitation coins, and jewelry consumption (these rises are notably smaller though). Now, with gold being up 26% merely in the past six months, the question stands as to whether there will be enough demand from over-the-counter (and other sectors, which seems unlikely) in the coming months as well because gold’s elevated price (perhaps coupled with slowing down economic activity in certain parts of the world) seems to be already taking some toll on the demand side. Besides that, while bullish and still leaving some room for the upside, multiple technical indicators on daily and weekly time frames show overbought conditions that should not be overlooked, especially with gold’s lengthy history of steep rises being shortly followed by volatile drops. Furthermore, as we outlined numerous times before, the stock market’s relentless rise and the growing odds of correction threaten gold’s performance with each step higher (in the case of a substantial correction or selloff in the stock market, gold will likely be negatively affected). Illustration 1.01 As gold’s price explores uncharted waters, volume continues to increase on the daily graph, which is positive; a declining volume and rising price would be questionable. Illustration 1.02 Illustration 1.02 shows the daily chart of XAUUSD and simple support/resistance levels derived from past peaks and troughs. Illustration 1.03 The price and RSI show the divergence on the daily chart. Technical analysis gauge Daily time frame = Bullish Weekly time frame = Bullish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
XAU/USD 11 April 2024 Intraday Analysis H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run following the Fed's dovish outlook. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Bearish CHoCH is now confirmed. Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: Bias/Analysis remains the same as yesterday's analysis dated 10 April 2024. -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bearish. Due to the range of internal structure I have mapped sub-internal to gain a micro-view of price action. Sub-internal structure is denoted in red with current sub-structure being bearish due to bearish iiBOS. Price has pulled back following bearish iiBOS and reacted at premium EQ of the sub-internal range. Current intraday expectation would be for price to target weak internal low of the sub-structure. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Rush 2.0: Will the Metal Continue its Climb?Gold has been on a tear in 2024 fueled by a confluence of global uncertainties, the precious metal has seen its price surge nearly 20% since mid-February, reaching a series of all-time highs.expand_more But according to macro fund managers interviewed by Bloomberg, this rally might just be getting started. The Allure of Gold: A Safe Haven in Tumultuous Times Gold has historically been a safe-haven asset, a reliable store of value during times of economic or political instability.expand_more Investors flock to gold when traditional investments like stocks and bonds become volatile.expand_more This is precisely what we're witnessing in the current market climate. • Geopolitical Tensions: The ongoing conflict in the Middle East and the simmering tensions between Russia and Ukraine are creating a sense of unease on the global stage. Investors seek the stability that gold offers during such periods.expand_more • Inflationary Pressures: Inflationary concerns are rising worldwide.expand_more As the purchasing power of fiat currencies erodes, gold, with its long history of holding its value, becomes a more attractive investment.expand_more • Central Bank Policy: The Federal Reserve's potential interest rate cuts this year are another factor driving investors towards gold.expand_more Lower interest rates decrease the opportunity cost of holding non-interest-bearing assets like gold, making them relatively more appealing.expand_more Macro Fund Managers See Further Upside Macro fund managers interviewed by Bloomberg are bullish on gold's future. They believe the factors currently driving the price increase are likely to persist, fueling further gains.expand_more Here's a closer look at their reasoning: • Persistent Geopolitical Tensions: Unfortunately, there's no clear resolution in sight for the ongoing geopolitical conflicts. These tensions are likely to continue feeding the demand for safe-haven assets like gold.expand_more • Inflationary Trajectory: Global inflation is expected to remain elevated for the foreseeable future.expand_more This will continue to push investors towards gold as a hedge against inflation. • Central Bank Dovishness: If central banks maintain a dovish stance on interest rates, it will further bolster the appeal of gold.expand_more Beyond the Bullish Sentiment: Examining the Landscape While the outlook for gold appears optimistic, there are other factors to consider: • Strength of the US Dollar: The US dollar, often seen as a competitor to gold, remains relatively strong.expand_more A significant weakening of the dollar could further accelerate gold's rise.expand_more • Stock Market Performance: A strong rebound in the stock market could potentially pull some investors away from gold. However, the current market volatility suggests that such a rebound might be unlikely in the near future. • Consumer Demand: Gold's allure extends beyond its role as an investment. Physical demand for gold in jewelry and other applications can also influence the price.expand_more Gold vs. Other Safe-Haven Assets: While gold is the traditional safe-haven asset of choice, investors also consider other options, such as: • Treasury Bonds: Investors seeking low-risk alternatives might favor US Treasury bonds, especially if they anticipate interest rate cuts. • Cryptocurrencies: Bitcoin, often touted as "digital gold," has seen increased adoption as a safe-haven asset in recent years.expand_more However, its inherent volatility may deter some investors. The Final Verdict: A Golden Opportunity or a Glimmering Bubble? The near-20% surge in gold prices since mid-February presents an intriguing opportunity for investors.expand_more However, the future trajectory remains uncertain. Carefully consider your risk tolerance, investment goals, and overall portfolio allocation before making any decisions. Investing in Gold: A Look at the Options There are several ways to invest in gold: • Physical Gold: Purchasing physical gold bars or coins offers direct ownership of the metal.expand_more However, storage and security costs need to be factored in. • Gold ETFs (Exchange-Traded Funds): These offer a convenient and cost-effective way to invest in gold without the hassle of physical storage.expand_more • Gold Mining Stocks: Investing in gold mining companies can offer leveraged exposure to gold price movements.expand_more However, this route comes with additional risks associated with the company itself.exclamation Conclusion: Weighing the Evidence Gold's recent price surge and the optimistic outlook from macro fund managers suggest that the yellow metal's ascent might not be over.expand_more However, a multitude of factors can influence its price.expand_more By staying informed about global events, economic data, and central bank policies, investors can make informed decisions about whether to include gold in their portfolios.expand_more Remember, diversification is key, and gold should be viewed as a complementary asset class rather than a standalone investment.expand_more
OANDA:XAUUSDLong
by bryandowningqln
What could stop gold’s bullish momentum? The end of the week brings a host of significant data releases, including the US Consumer Price Index (CPI), the FOMC minutes from the March meeting, and interest rate decisions from both the Bank of Canada and the European Central Bank (ECB). Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox (link below). A hot CPI print may provide support for the US dollar and potentially limit gold’s climbs, or at least give some pause (or pullback) to allow for an entry point. Yesterday the Bank of America raised its gold outlook, expecting the metal to average $2,500 an ounce by Q4. An interesting note came from the Former St. Louis Fed President James Bullard (note included in FOMC meeting minutes, but interesting nonetheless) who said that the US Fed could already justify a rate cut on the data it currently has, but because it has time on its side, it probably will probably wait. Based on the daily chart, overbought conditions could potentially start to exert pressure on XAU/USD. The 20-day Simple Moving Average (SMA) is positioned more than $100 below the current trading price, albeit still well ahead of the 50-, 100-, and 200-day SMAs.
BLACKBULL:XAUUSD
by BlackBull_Markets