The 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...
Simple 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...
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...
After 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...
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...
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...
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.
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 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...
After 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...
Hi 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 $2385 level and exiting from pennant. Next, price bounced from...
XAU/USD is rising towards the resistance level which is a pullback resistance that aligns with the50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,498.84 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 2,529.75 Why we like it: There is a pullback resistance...
✅GOLD made a retest Of the horizontal support Level around 2480$ and we Are already seeing a bullish Reaction so as we are Bullish biased we will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Based on these powerful private trading indicators I am using, there is a clear indication that GOLD (XAUUSD) is heading upwards and is likely to continue. Great buy opportunity for GOLD!
Gold Future Slip But Holds Near Record Highs on Dollar Weakness Technical Analysis: Gold Current Outlook: The price has retreated from the resistance level at 2,526 and continues to trade below this key line. Bullish Scenario: Stability above 2509 will try to get 2516 and 2526. For the next bullish trend to begin, gold must break through 2,525, which could...
OANDA:XAUUSD has recently surged to the top of its ascending channel, reaching above the $2,500 level. This move, however, appears to be a liquidity hunt, where the market triggers stops above significant levels before reversing direction. After this liquidity grab, technical analysis suggests a strong possibility of gold retracing within the ascending...
Hello,Traders! GOLD is trading in an Uptrend but the pair Went down in a bearish Correction to retest The horizontal support Of 2474$ from where We will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
hi, Now we have a road up to follow This is just an idea! Be careful!