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F-XAU

HelenP. I Gold can grow a small more and then make impulse downHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price some days ago rebounded from the support zone, which coincided with the support level and declined until to trend line, after which it started to rise. Later Gold in a short time rose back to the 2030 level, and soon price broke it and rose a little. After this, the price made a retest to the support level, which this moment coincided with the trend line, and then made an impulse up to the resistance level, which coincided with the resistance zone. But when XAU reached this level, it at once rolled down and then repeated impulse up to 2090 points, thereby breaking the 2070 resistance level. After this, the price in a short time declined to the trend line and then tried to back up. but failed and soon declined more, breaking the trend line too. Also, after breaking the trend line Gold made a retest and then rebounded down to the support level. As well a not long time ago XAU bounced from this level and started to rise. Now, possibly Gold will grow a little more and then make impulse down back to the 2030 support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
Elevated Inflation News Amplify Safe Haven Demand for Gold 🧈Abstract: Recent inflation data from the Federal Reserve has fueled concerns over persistent price pressures. In this environment, gold's inherent value as a haven asset stands to benefit. My open-source Adaptive MFT Extremum Pivots indicator, which can be applied across various markets, reveals support and resistance levels on the gold market. Based on these calculations, the nearest resistance zone lies around $2055, while the mathematical middle of all resistances is estimated to be around $2072. A potential trade setup involves purchasing gold upon breaching the nearest resistance level. Aim for a target price slightly above the resistance level, allowing for potential retracements. Establish a stop-loss order below the recent price consolidation zone. Alternatively, consider purchasing gold upon bouncing from the nearest support level. Aim slightly above the resistance level, again with a stop-loss order below the recent price consolidation zone. --- Dear Esteemed Readers, Fellow Analysts, I. News Catalyst: 1: Higher-Than-Expected Inflation Reading: The recent inflation data from the Federal Reserve suggests persistent inflationary pressures. Implications for Gold: 2: Safe Haven Demand Amplified: Gold's inherent value as a haven asset is further enhanced amidst heightened inflation. 3: Technical Outlook Optimistic: Gold's recent price trend and favorable technical indicators indicate potential upside movement. II. Chart Description: 1: Indicator: I've used my open-source Adaptive MFT Extremum Pivots indicator to autonomously compute the support and resistance levels. I tried to write this indicator, which you find among relevant publications, as general as I could. The gold market is only one of my choices where I deployed this script. You can try it on any of this and any other markets. If you've got feedback, I'd be happy to update what I've got or create a new branch to experiment with your unique approach. You can change the indicator without coding knowledge through the user configuration block like colors and precision (!) per the documentation I wrote. The script is "adaptive" because you'll always get a bit of different data on the same market depending on the moment you use this indicator. But that's good because you can monitor the data velocity between time points with this knowledge. As I mentioned, the script is general and in the following, I'll explain how it helped me to write this particular analytics on the gold market. 2: Data Explanation and Chart Elements: You can find the script's window in the bottom right corner of the chart. As you can see in the center of the table, the Pivot point is about $2044.948. The script computed this data from a monthly timeframe. In the upper half of the window, you find the monthly high ($2075.430), monthly low ($2033.940), weekly high ($2148.990), and weekly low ($2020.135) values on this market. The latter two data came from a weekly timeframe. So, you can consider this analytics to be a Multi-TimeFrame Analytics (MTF or MTFA, see the keywords. S1, S2, and S3 mean three support levels (green lines on the chart) and R1, R2, and R3 mean three resistance levels (red lines on the chart). I named the levels according to their distance from the pivot point. S1/R1 are the closest and S3/R3 are the most distant levels. The actual price is $2033.050. The price's a bit below the pivot point, which could be a bearish signal. In this context, however, I'd call it a retracement because it's above the double support levels of $2020 and $1998. The third support level is around $1971. If you remember my messages from the chat, you know I estimated the support zone around $2000, see the green zone on the chart, which aligns with the mathematical middle level of the support levels. I believe these computations could make a bit of sense because if you look to the left of the chart, you'll see how the price bounced repeatedly from either of these supports or got rejected at either of these resistances. I'd point out the interval between 19 April and 02 May 2023 to observe these price actions. With the price consolidating above all the support levels, I'd estimate an attempt to breach the resistances. The nearest resistance is around $2055 while the mathematical middle of all the resistances is around $2072, see the red zone on the chart. If the positive news persists on the market, I estimate the price could reach as high as $2055 (R1), $2087 (R2), and $2098 (R3). You find all these data with higher precision in the bottom half of the script's window, the bottom right corner of the chart. The dotted arrows depict various price scenarios that gold could follow. The more pronounced the bullish momentum, the less retracement we can expect. In the most optimistic scenario, gold could reach resistance R3 from its current support levels. However, if demand weakens, the price might briefly dip to support S2 or even S3. Still, a breakdown below S3 would be necessary to invalidate the bullish trend. As long as the bullish trend remains intact, resistances R1 and R2 remain attainable targets. Below, I propose some possible positions according to a support/resistance strategy. You can interpret the market in various ways and the sentiment dynamically changes. That's why I made the script adaptive. You can load to your chart any time and see the market dynamics. Furthermore, I'm open to all confirmation, conflicting, extending, or questioning opinions of yours. III. Trade Setup: Entry Point: Consider purchasing gold upon breaching the nearest resistance level. Target Price: Aim slightly above the resistance level, allowing for potential retracement. Stop-Loss: Establish a stop-loss order below the recent price consolidation zone. And: Entry Point: Consider purchasing gold upon bouncing from the nearest support level. Target Price: Aim slightly above the resistance level, allowing for potential retracement. Stop-Loss: Establish a stop-loss order below the recent price consolidation zone. IV. Risk Disclosure: Please note: This is solely a speculative outlook based on current economic developments and does not constitute investment advice. Trading in financial markets carries inherent risks, and past performance is not indicative of future results. Kind regards, Ely
OANDA:XAUUSDLong
by Elysian_Mind
3
Gold, Still unclearJust a quick snapshot of a SMALL piece of the previous analysis I did with one addition (yellow tag) Looking at gold as of present I'd be honest I cannot see why anyone would feel safe to buy at this time HOWEVER - I also cannot build a strong enough case for a SELL TRADE either as the momentum isn't that bearish to say that you can quickly enter and make some quick profits via a scalp type trade In my opinion looking at the turquoise zones (next zone where liquidity might be) I feel like I need gold to target and demolish those zones first before we see buy conditions return - and my reason for this is simple If gold had the liquidity to buy - IT WOULD BUY!, right? The fact that it isn't buying suggests that it doesn't have what it needs and is seeking it out. The real question is - "where might it find what it needs?" Enter turquoise zones lol - pay close attention to the bull trend over to the left (turquoise line). A bull trend in a bull market? It's almost like the dealer wants you to buy, it's so evil...it's genius! So induce buyers to buy, stop them out by selling below where they bought, and then actually buy? Maybe - What do you think? Downvote\Don't boost if you didn't try to take the time to read and understand this post OR Upvote\boost if you did try to take the time to read and understand this post If you genuinely disagree..I have no problem with a downvote, but please leave a comment as to why you think otherwise. This will allow all of us to grow and get better together Link to previous analysis is here - Godspeed folks
OANDA:XAUUSDShort
by Brandon_evo4
Gold can rebound down from seller zone to 2005 support lineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price after started to trades in the channel, firstly reached the 1935 support level, which coincided with the buyer zone, and a short time later broke it. Then Gold rose to the resistance line of the channel and at once rebounded back to the 1935 level, after which price made a strong upward impulse until to 2145 points, but soon it fell back, making a fake breakout of the channel. Also soon, XAU made a correction to support line of the upward channel, breaking the 2035 level too. But later price rebounded from this line and rose back to the resistance line of the channel, breaking the current support level again. As well recently, Gold rolled down to the seller zone, where it continues to trades, near the 2035 support level, at the moment. So, I think XAU firstly can a little rise and then will break the support level and at once make retest. After which, Gold will continue to decline to support line of upward channel, therefore I set my target at the 2005 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Gold likely to continue shining in 2024For over two years of publishing on TradingView, we have maintained a bullish stance on gold, which has been marching higher in tandem with our expectations. In 2024, our outlook remains unchanged, and we expect it to continue performing well amid the persistence of institutional interest, global economic slowdown, and geopolitical tensions. However, we also recognize a potential threat to its well-being, represented by the stock market weakness. This thesis is built upon the fact that gold has been climbing higher alongside stock market indices for several months, showing a positive correlation. Furthermore, we have seen a perfect example in 2022, when the stock market selloff forced investors to sell gold in order to cover losses elsewhere; we expect the same thing to happen in the case of prolonged weakness in market indices. Nonetheless, we do not have plans to sell our holdings; instead, we plan to accumulate more (if the opportunity arises). With that said, our long-term price target for gold stays at $2,300. Illustration 1.01 The image above shows the daily chart of XAUUSD and simple support/resistance levels derived from peaks and troughs. Technical analysis Daily = Bullish Weekly = Bullish 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
5
GOLD so far for 2024Hey guys good morning, what is up - happy New Year, I was supposed to produce an analysis yesterday but I had other business to attend to as I have other things I do to make money (let's be honest - it doesn't matter how good of a trader you are, it isn't safe to put all your eggs into THIS basket lol) That being said however I wish you nothing but success for 2024 and beyond. Let us begin the analysis on gold thus far Thus far on the m15 timeframe it seems that gold hasn't had much going on since my last trade mid December I will however say that gold in my opinion is still very much a bullish market - with this in mind however gold ISN'T buying - WHY? Let me explain.. So we know we cannot use the current monthly candle as there are literally 28 days left before that candle closes, anything can happen between now and the YEAR of January lol (for those of you who spent all their profits of last year over Christmas lol) The previous monthly candle however makes sense that it is consolidating because typically after a big push you will get the market go into a state of consolidation to begin the new cycle and by extension new trap Keep in mind however hold is still trading AT and I'd argue above the previous high that would have been broken (see image below) On the weekly timeframe we can see again we cannot yet trust the current weekly candle as it has a little while again before it closes - it does however suggest a bear move - I'd explain why I think this is possible shortly The previous weekly candle also speaks to a possible bear move - the fact that there is a heavy rejection on the previous weekly candle in a bull market doesn't make a lot of sense UNLESS the market CANNOT go up further without come back down for something first - maybe? right? Looking at the daily timeframe we can see that the last day for 2023 closed as a bearish day - why? maybe this is to induce sellers so that sellers can come in and push price lower But why? Why would the dealer want to have sellers become interested? Why would he want the seller to try to push price down? Because I believe there is something down below somewhere and the sell is to get price to achieve that level - that is the ONLY thing that makes sense to me The 4 hour is very interesting because looking at this green zone we can see over to the left there were a lot of sellers interested at that "resistance". They sold and sold until they were eventually stopped out - the buyers then quickly became interested. This makes sense as gold is a bullish market for sure. But then (presently) the buyers that recently became interested were stopped out by this bear push - I think however that gold isn't ready to resume buys yet because it is staying at this lower area a bit to long for my liking. Actually As I am typing this price is consistently pushing lower. The only thing would give me confidence that gold is ready to resume buys is if it heavily rejects the downside and in my opinion it hasn't arrived where the big chunk of liquidity is just yet (see next image) When you observe the 1 hour time frame we can see that there was a bull trend that formed over a few days - this would have surely induced buyers - in a bull market the market wants to buy (duhhh, obviously) but the question you have to ask is - "does the dealer want the buyer to win alongside him?" 11\10 times the answer to that question is a big FAT NO! So it makes sense to induce the buyer to buy then to stop them out by driving price lower back to hit their stop losses. The areas highlighted are where I think the next chunks of liquidity are trapped. We can possibly see price hit one of these areas before resuming the buy. The real question is - "do I think it is worth it to try to sell gold in hopes that it gets to one of these levels?" No, I don't think it is worth it. But not because of the market structure I have outlined here. More so due to the time of the year. I think the market is still pretty volatile from the holidays. I think waiting a few days to see what happens - at least if more momentum comes in first is the better play here. This shows not just I know what I want to see but it shows discipline as well. I am not to eager to find a trade. I prefer the trade to come to me Downvote\don't boost if you didn't take the time to read this entire post and you didn't try to understand OR Upvote\boost if you did take the time to read this entire post and you did try to understand Leave a comment telling me how you feel about the new year so far to let me know that you've read this entire post
OANDA:XAUUSDShort
by Brandon_evo4
GOLD - Price can correct to support level and then start to riseHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price declined from $1985 support level, it some time traded in support area, after which price made impulse up to $2045 level. Thereby Gold broke $1985 level and entered to rising channel, where it made at once a correction to support line. After this, price continued to move up and later it broke $2045 level, and then rose to resistance line but then started to decline. Price fell to support line, and broke it, thereby exiting from channel, and at the moment XAU trades close. In my mind, Gold can decline to $2045 level and then bounce, and start to rise to $2085 level, breaking support line again. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2
GOLD Soars to Three-Week Highs Amid Geopolitical Uncertainties..Gold Soars to Three-Week Highs Amid Geopolitical Uncertainties and Fed Rate Cut Speculations As the Asian session unfolds on Thursday, the price of gold is basking in its three-week high, hovering around $2,088 per troy ounce. This surge can be attributed to the improved risk appetite stemming from the possibility of Federal Reserve (Fed) rate cuts in the first quarter of 2024, amplifying the allure of the precious metal. Geopolitical Dynamics and Shipping Firms' Return: A notable development contributing to market dynamics is the return of major shipping firms to the Red Sea. This tentative normalization hints at potential stabilization, possibly influenced by the deployment of a multinational task force in the region. However, the specter of uncertainty looms, notably with concerns surrounding the potential closure of the Gibraltar Strait by Iran. The intricate geopolitical landscape in the Middle East remains complex and dynamic, impacting market sentiments and bolstering demand for safe-haven assets, with gold emerging as a prime beneficiary. Gold's Resilience and Upward Trajectory: Despite the modest rebound in US Treasury bond yields, gold continues its upward trajectory in Asian trading on Thursday. The precious metal's resilience underscores its status as a reliable safe-haven asset, sought after in times of geopolitical turbulence and economic uncertainty. Bullish Forecast: Looking ahead, our forecast for gold remains strongly bullish, with key targets set at $2,100 and the extended area of $2,135. The combination of geopolitical concerns and the potential for Fed rate cuts creates a favorable environment for gold to thrive. Investors and traders are closely monitoring these factors as they navigate through the evolving landscape of global markets. Our preference Long positions above 2040.00 with targets at 2100.00 & 2135.00 in extension.
OANDA:XAUUSDLong
by FOREXN1
2
XAUUSD 4HR Analysis + Potential Trade IdeasPositive metals on the fresh weeks year open, with rising oil prices and increasing tensions across the world safe haven assets become more appealing to offsetting investors with our potential short idea invalidated for now i am now waiting for price action to reach 2075-87 before considering an entry for gold Once reaching the designated zone area I will be watching out for key volume exaustion to show potential signs of reversals with other confirmations such as overbought conditions, EMA crossovers, bearish price action and pivot OB creation along with quarter changeovers and key eco events. Then with the correct rejection off the key S+R we could catch some shorts to 2031 - 57 my projected pullback area
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
Gold can break support line, make retest, and decline to 2025Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days ago broke the support level, which coincided with the buyer zone, and in a short time declined to 1935 points. After this movement, the price started to rise in the upward channel, where it rose to the 1980 support level, broke it again, and continued to rise to the resistance line of the channel. Then XAU exited from the channel and even rose to the seller zone, but soon made a downward impulse to the support level, which coincided with the support line, thereby making a fake breakout of the 2080 resistance level. After this, the price rebounded from the support level and started to rise near the support line to the resistance level. When XAU reached the 2080 level, it made a fake breakout again and soon declined to support line, where it continues to trades to this days. In my mind, Gold can break the support line and at once make a retest, after which it will continue to decline lower, therefore I set my target at the 2025 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
5