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Goldbullish

XAU/USD potential Longs from 2990 back up to 3,100This week, I’m considering both short- and long-term opportunities on gold. We’ve recently seen a change of character to the downside, and there’s a clean 1-hour supply zone that could trigger a short-term bearish reaction. That said, there’s also a lot of nearby liquidity resting below, which I expect price to sweep first. If that happens, I’ll be watching the 20-hour demand zone—a strong area that could spark a new bullish rally from the lows. Confluences for GOLD Buys: - Price has recently cleared a new all-time high (ATH), indicating continued bullish strength. - Market structure remains overall bullish, suggesting this move down may be a temporary correction. - The 20-hour demand zone sits just below key liquidity and looks highly valid. - Untouched Asia session highs remain above, which price is likely to target. - The DXY is moving bearish, aligning with a bullish outlook on gold due to their inverse correlation. Note: If price reacts from the current demand zone (which is also valid), we could see Scenario B play out first—a rally followed by a short move to clear liquidity before heading higher. Stay patient and trade safe, everyone!
OANDA:XAUUSDLong
by Hassan_fx
GOLD Long opportunity from 3,050 or 3,020 back to ATH'sThis week, my outlook on gold remains strongly bullish. Price has once again reached its all-time high (ATH) and broken structure to the upside, leaving behind new demand zones that present potential buying opportunities. The first key area of interest is the nearby 6-hour demand zone. While not the most ideal setup, I will be monitoring how price reacts once it mitigates this level. Additionally, there is a 15-hour demand zone positioned lower, offering a more favorable entry at a discounted price. This zone was responsible for the break of structure to the upside, making it a strong area of interest. If price reaches this level, I expect a slowdown followed by a buildup of bullish momentum. Confluences for XAU/USD Buys: Price has broken structure to the upside on the higher timeframes. Clean 6-hour and 15-hour demand zones remain unmitigated. Gold has been consistently bullish across both lower and higher timeframes. DXY is trending bearish, reinforcing gold’s bullish bias due to their inverse correlation. Note: There is some liquidity resting below in the form of an equal low and a small trendline. I will wait for confirmation in these areas before making any decisions.
OANDA:XAUUSDLong
by Hassan_fx
6
Breakout Confirmed! Gold’s Next Target Could Be $3,500+Gold has reached a new all-time high (ATH), signaling strong bullish momentum. The breakout above the long-term rising trendline, which previously acted as resistance, indicates a shift in market structure. The resistance zone has now turned into support, confirming buyers' dominance. A minor pullback or retest of this breakout level could be expected before a stronger continuation to the upside. If the price sustains above this zone, potential targets lie at $3,100-$3,200 in the short term and $3,500+ in the medium term.
TVC:GOLDLong
by unichartz
XAUUSD BUY it 3000....Resistance Rejection: The price is nearing a strong resistance zone (~$3,004). If it fails to break through and forms a bearish pattern (e.g., triple top, bearish engulfing), a downward move could occur. 2. False Breakout: The chart suggests an expected breakout above resistance, but a fake breakout (bull trap) could lead to a sudden reversal, trapping long positions 3. Double Top Confirmation: A double top pattern is forming. If the price fails to maintain higher highs, this could confirm the pattern and trigger a bearish move. 4. Break of Trendline Support: A critical trendline support is marked. If this level breaks, buyers may lose control, leading to increased selling pressure. 5. Market Sentiment & News Events: Any major economic news (interest rate decisions, inflation data) could disrupt the technical setup, causing unexpected volatility. Bearish Scenario If Disrupted: If price fails at resistance and breaks below $2,996, we could see a sharp decline towards $2,988 or lower
FOREXCOM:XAUUSDShort
by mrsamfx81
Gold buy Target 3050 on this analysis Contrarian Perspective (Bearish Case) Instead of a breakout, the price could fail to sustain above the resistance and reverse downward. The double top formation suggests a potential bearish reversal rather than a continuation. If price breaks below the support level, it could invalidate the bullish setup and lead to a decline towards 2,900 or lower 2. Fundamental Disruptions Macroeconomic factors like interest rate hikes, inflation data, or geopolitical instability could change the trend unexpectedly. Unexpected news (such as central bank decisions on gold reserves) could cause volatility, disrupting the predicted movement. 3. Market Manipulation Risks Whale activity or institutional traders might push the price in the opposite direction to trap retail traders. False breakouts could occur before the actual move, stopping out early traders. 4. Alternative Technical Patterns Instead of following the expected support bounce, price might consolidate in a range. The resistance zone might turn into a supply zone, leading to a prolonged sideways movement
FOREXCOM:XAUUSDLong
by mrsamfx81
XAU/USD Gold Buys from 2,900 back upGold has been in a strong bullish uptrend for the past few weeks, so I’m not surprised that price has once again reached all-time highs. As anticipated, price mitigated the demand zone and continued pushing upward. For this week, I expect price to accumulate and retrace back down to my 11-hour demand zone, where I anticipate signs of weakening before a new bullish move to the upside. Since this demand zone was responsible for the recent break of structure, it has become my point of interest (POI). Confluences for Gold Buys: ✅ Price remains in a strong bullish trend, consistently forming higher highs and higher lows. ✅ The clean 11-hour demand zone that initiated the last upside move remains unmitigated. ✅ There is liquidity resting above, including the newly formed trendline, which is likely to be taken. ✅ This setup aligns with the overall bullish trend, reinforcing my long bias. Alternative Scenario: If price fails to hold at the 11-hour demand zone and breaks the major low, we could see a temporary bearish phase or a potential reaction from the 7-hour demand zone instead. Wishing everyone a great trading week! 🔥📈
OANDA:XAUUSDLong
by Hassan_fx
Continue to buy goldDear traders, From the gold candlestick chart, it is evident that the bulls are still in control. However, after reaching 2943 today, gold experienced a sharp pullback, indicating either a bearish counterattack or profit-taking by long positions. As gold prices rise and external factors come into play, market volatility has intensified, leading to an increasingly fierce battle between bulls and bears, making short-term trading more challenging. Currently, gold has retraced from the 2943 high but has not yet disrupted its overall bullish structure. Based on the current price action, as long as gold holds above the 2905-2895 support zone, there are no clear technical signals indicating a trend reversal. At least until the release of CPI data, gold is unlikely to shift its trend decisively. With no confirmed topping signals, gold still holds the potential for further upside. For short-term trading, if gold retraces to the 2905-2895 region and holds above this level, long positions can be considered. However, traders should remain cautious—if gold breaks below this support zone, a deeper correction toward the 2870-2860 area could be expected. Bros, would you choose to be long gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
GOLD ROUTE MAP UPDATEHey Everyone, What an amazing finish to the week smashing all our chart ideas across all our multi timeframe analysis. After completing all our targets yesterday; we stated that we now needed to see ema5 lock above 2797 for a continuation into 2808. This was hit perfectly today completing all our targets for a perfect finish to the week. BULLISH TARGET 2778 - DONE EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET 2787 - DONE EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 - DONE EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET 2808 - DONE BEARISH TARGETS 2768 - DONE EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET 2757 - DONE EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET 2746 - DONE EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET 2732 - DONE EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWING RANGE SWING RANGE 2707 - 2697 We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
22
XAU/USD Longs from 2,696.000 back upMy analysis for GOLD this week focuses on the continuation of the strong bullish trend. GOLD has shown impulsive movement and reacted perfectly to the demand zone I marked out last week. This reaction led to a break of structure to the upside, further confirming the bullish direction. Now, with new demand zones formed, I’ll be waiting for the price to retrace back to either the 1-hour or 3-hour demand zone before the next bullish rally. From there, I plan to buy up to the Asian high, which is positioned just above the nearest supply zone. Confluences for GOLD Buys: - Price reacted strongly off last week’s demand zone and remains bullish. - Both the short-term and long-term trends are bullish. - Price has broken structure to the upside again, confirming direction. - An Asian high above needs to be taken, providing a clear target. Note: If the price moves up first, I may consider a quick sell from the 1-hour supply zone. However, I’ll wait for additional confirmations before taking any counter-trend trades.
OANDA:XAUUSDLong
by Hassan_fx
1
XAU/USD Longs from 2,630 or 2,610 back upThis week, my GOLD analysis focuses on the continuation of the bullish trend. Last week, GOLD showed significant bullish momentum, and we can expect the price to retrace into an unmitigated demand zone before resuming its upward direction. I’ll be watching for the price to tap into either the 7-hour or 4-hour demand zone below. Once it does, I’ll closely monitor lower time frames for confirmation. If the setup aligns, I’ll look to take buy trades with the trend, aiming to clear liquidity resting above. Confluences for GOLD Buys: - Recent and overall bullish momentum. - Unmitigated demand zones near the current price. - A confirmed break of structure to the upside. - Significant liquidity above, including Asia highs and imbalances. Note: As the price approaches a key supply zone, we might see some bearish pressure. This could present an opportunity for a potential counter-trend trade.
OANDA:XAUUSDLong
by Hassan_fx
XAUUSD Strong Bullish Momentum1. Trend Uptrend: The price is trending upwards within the ascending channel, with higher highs and higher lows, indicating a bullish market sentiment. 2. Support and Resistance Support: The lower boundary of the channel acts as dynamic support, where price has bounced multiple times. If the price continues to move within this channel, it may find support around the 2,680-2,700 USD range. Resistance: The upper boundary of the channel acts as resistance. If the price reaches this level, it could face resistance near 2,750-2,760 USD in the near term. 3. Price Action Bearish Candle: The recent candle shows a significant drop (-1.11%), indicating bearish pressure. The price is testing the lower channel boundary, which could be a critical support zone. Potential Reversal: There seems to be a projection for a bullish bounce off the lower boundary, suggesting a possible upward move back towards the mid-to-upper range of the channel, as shown by the zigzag projection on the chart. 4. Projections Bullish Scenario: If the price holds at the lower boundary and rebounds, it could aim for a move back towards the upper channel line, targeting around 2,760-2,780 USD. Bearish Scenario: If the price breaks below the lower boundary of the channel, it could signal a shift in the trend, potentially targeting support levels below 2,680 USD. 5. Key Levels Immediate Support: 2,700 USD (channel support) Immediate Resistance: 2,750 USD (upper channel resistance) Potential Targets: A bounce could aim for 2,760-2,780 USD, while a breakdown may push the price down to 2,660 USD or lower. In summary, the XAU/USD pair is in an overall uptrend but is currently facing a pullback near channel support. The next few sessions are critical to see if the price respects the channel or breaks downwards. If the support holds, a bullish continuation is possible.
FX:XAUUSDLong
by YogaID
Gold's divergence from lows & a leap back to the high sky today? As I now know that Cryptocurrency has broken upwards & out of its tight ranges, well for now at least as it's a very volatile beast, Crypto, & the whole lot of it; my focus has swapped to Gold and Silver prices and I see that both have upside potential of their own, especially during Tuesday Asian trading when I was watching both at the bottom of their 15m triangle patterns and both ended with dignity taking a leap upwards in price. There are 15M Buy-order blocks that extend down to 2636.30 approximately, but I would not expect price to break-down that much more, given gold's general supremacy and standing in the world at present. The Gold price has pretty much been in a slightly corrective and smallish price-range for the past 4 weeks. I think another leg-up might commence soon.
EIGHTCAP:XAUUSDLong
by Easy_Explosive_Trading
XAU/USD longs from 2,620.000 back up The outlook for Gold looks promising as we are now aligned with the pro trend. I’ve observed a clear character change to the upside, along with accumulation on the higher time frame, signaling that price is ready for a potential rally. Currently, I’ll be waiting for price to retrace slightly, sweeping the untouched Asia low and tapping into my marked demand zone. At this level, I’ll be looking for confirmation on the lower time frames before targeting the trendline liquidity, particularly near the all-time highs (ATHs). Confluences for Gold Buys: - Market Structure: Both higher and lower time frames are strongly bullish. - Wyckoff Accumulation: Price has formed a Wyckoff accumulation pattern on the higher time frame, indicating a trend shift. - CHOCH: A change of character (CHOCH) has occurred on the 4-hour chart, confirming a directional shift. - Liquidity: Significant upside liquidity in the form of trendline liquidity, with ATHs in view. - Key Demand Zone: A strong daily demand zone caused the structure shift, making it my primary point of interest (POI) for the week. P.S. If this demand zone fails, I’ll be looking for a potential long setup forming around the 10-hour demand zone. New ATHs possible?
OANDA:XAUUSDLong
by Hassan_fx
9
XAU/USD getting ready for another rally?Gold appears to be generating significant liquidity, suggesting a potential setup for another rally to the upside. We’re seeing liquidity engineering, which points toward the possibility of gold making a push to retest all-time highs. I’m watching for a chance to capitalize on this move. There’s a 1-hour demand zone just below a pool of liquidity that has recently triggered a change of character (CHOCH) to the upside. I’ll be looking for price to mitigate that demand zone before taking liquidity higher. Confluences for Gold Buys: - Gold is consolidating, likely preparing for a breakout. - Trendline liquidity to the upside still needs to be taken. - The 1-hour demand zone has caused a CHOCH to the upside. - Gold remains bullish, aligning with the overall trend. - The US Dollar Index (DXY) is showing signs of bearishness from its supply zone, supporting the bullish outlook for gold. Note: If price continues to drop and fails to hold at the 1-hour demand zone, I’ll anticipate it to fill the imbalance below and mitigate the 10-hour demand zone. This area is another point of interest where a potential bullish rally for gold could form.
OANDA:XAUUSDLong
by Hassan_fx
XAU/USD Sell to buy idea, from 2,590 or 2,560This week’s analysis for gold suggests that the price will slow down and begin to distribute. Once the price corrects and retraces to one of my nearby points of interest (either the 10-hour or 5-hour demand zone), I'll be looking for re-accumulation to occur on the lower time frames. Once this re-accumulation is confirmed, I’ll be looking for buying opportunities to continue the upward trend. I expect this move to happen later in the week, depending on the volume and how long it takes for the price to consolidate and break out. Key confluences for gold buys: - The price has been bullish on both lower and higher time frames. - Two clean demand zones have triggered the recent break of structure. - A bullish move is pending a pullback. - The dollar is bearish, which supports gold’s upward movement. P.S. If the price starts to decline and shifts in character, I’ll be looking for a supply zone to potentially catch a short-term sell down toward the demand level.
OANDA:XAUUSDLong
by Hassan_fx
Bullish on Gold and Silver | Long-Term As I mentioned in the previous post on DXY, my bias on the US Dollar index is bearish for the first half of September. Also, as the seasonality of Gold and Silver suggests, September is a negative month for these two cousins. So, in my opinion (not investment advice), in the last week of September and the first week of October, we might see good lows on Gold and Silver. Remember, we cannot time the market, for now, I anticipate the lows to form at the end of September because the seasonality and the price action support this narrative for me. Also, the market is expecting the first rate cut on September 18, which, I believe, Gold and Silver already priced in that sentiment to some degree. We can expect Gold to go as low as 2450$ before it attacks 2600$, and silver to revisit the 25$ - 26$ area after 4 months (the red scenario). I like the chart formation on Silver as it formed a very bullish structure on monthly and weekly charts. That's why I also put the yellow scenario which suggests Silver would dance around the 28$ level before it breaks out the 30$ and continue its journey towards 36$.
OANDA:XAGUSDLong
by SamanFx0
Gold forecast: What now for gold after scoring 7 monthly gain?I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Gold finished higher for the 7th consecutive month in August, meaning that the precious metal is now up a solid 21% year-to-date. Will it be able to rise further in September or take a breather? The gold forecast will now depend at least partly on incoming US data and interest rate expectations. I continue to maintain a bullish view on the metal thanks to a favourable macro backdrop and its steady-as-she-goes price action. Gold forecast: Can XAU/USD continue rising? I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Additionally, there are few fundamental reasons to short sell gold at the moment. In fact, some argue that gold is still undervalued, considering the significant devaluation and loss of purchasing power of fiat currencies worldwide due to high inflation, which remains persistent in some regions. While disinflation is evident in the US and other areas, it's not the same as deflation. Prices are still increasing, just not as rapidly as before. Demand for gold as an inflation hedge should continue to offer support. Moreover, the sharp decline in bond yields in the last couple of months, driven by expectations of rate cuts by the Federal Reserve, is likely to benefit low or zero-yield assets like gold. As long as we don’t see a reversal in the that trend, lower yields should argue against a sustained period of weakness for gold and silver. Dollar in focus ahead of busy week The US dollar is facing a key test this week with the release of several market moving data releases, including the August jobs report. Following today's US Labor Day holiday, the US data schedule becomes busier, featuring ISM manufacturing data on Tuesday, JOLTS job openings on Wednesday, ADP employment data, jobless claims, and ISM services on Thursday, and culminating with the key event of the week, the August jobs report on Friday. Out of all of these data releases this week, the nonfarm jobs report should be a key determinant of whether the dollar’s two-month dollar bear trend extends or whether range bound price action will return. Gold bulls will need to a weaker number to send the metal sharply higher. But if the consensus is correct regarding Friday's jobs report, which predicts 165,000 job gains and a decrease in the unemployment rate to 4.2% from 4.3%, then the market will likely solidify expectations for a 25-basis point rate cut to start the Fed's easing cycle on September 18. In this scenario, I would expect to see a modest weaker reaction in gold at least. However, if payrolls only increase slightly, say by around 100,000 or so, with the unemployment rate potentially rising too, then in this scenario, the dollar could resume lower, sending gold sharply higher as expectations shift back toward a 50-basis point Fed rate cut in September. China concerns linger Meanwhile we have had some mixed PMI readings from China’s manufacturing sector in the last couple of days, leaving investors guessing about the health of the world’s second largest economy. While the official manufacturing PMI fell further into contraction at 49.1 in August from 49.4 in July, the Caixin PMI improved to 50.4 from 49.8 the month before. Meanwhile, the official non-manufacturing PMI ticked up to 50.3, suggesting that perhaps the Chinese economy may have bottomed out. We will need to see further evidence of a Chinese recovery. If so, this will help raise hopes that elevated demand from the world’s top gold consumer nation can sustain precious metals prices at these levels or even push them higher. Gold forecast: technical analysis and trade ideas The steady grind higher is precisely what the bulls would like to see, keeping the technical gold forecast bullish. Shallow dips, higher highs, higher lows are characteristics of strong bullish trends. So, the trend is clearly bullish and will remain that way until we see a lower low form. Dips are likely to find support around broken levels such as around the old record high from July at $2483, where we also have the 21-day exponential moving average converging. The bullish trend line that has been in place since February, comes in around $2450, representing another short-term support level to watch. On the upside, there is only one prior reference point to watch given that the metal is trading near its all-time high. And that level is the all-time high itself, hit last month at $2531. -- Written by Fawad Razaqzada, Market Analyst
WHSELFINVEST:GOLDLong
by WHSelfInvest