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Goldforecast

GOLD is in buy zone!!GOLD ( 4H ) has created strong bullish price action. The price has just broken out of weekly resistance and has formed a Doji ( Middle man ). There is another confluence for GOLD to rise is that the price has made a fake breakdown previously and created a double bottom and started the move in the direction of the trend, which is basically liquidity grabbing. A buying opportunity from the support shown in the image. Thank you for visiting the idea. Press the like button if you find value in it :)
TVC:GOLDLong
by ForexWizard01
Gold analysis: Is the tide rising now? Gold has risen 5.5% from its July 21 low of $1,680 per troy ounce, as market sentiment suddenly shifted to safe-haven assets in the aftermath of a slew of recession-risk events and rising geopolitical tensions between the United States and China over Taiwan. According to the latest Commodity Futures Trading Commission (CFTC) weekly Commitments of Traders (COT) report, gold net speculative positions increased by 34% to 124.3K contracts on the week ending August 2, up from 92.7K the previous week. This marks the largest weekly increase in gold net speculative positions this year. Speculators' positioning on gold has consistently declined from a peak of 274.4K in the first week of March to 92.7K at the end of July, the lowest level since May 2019. Despite this uptick, gold's positioning still remains quite weak, implying that a shift in sentiment toward gold could result in significant upside price pressures. Looking at technical indicators, the 14-day RSI recently broke above the 50 mark, also rising from severely oversold levels, indicating that bulls have gained the upper hand in the short-term momentum. Last Friday, however, the release of the US labour market report weakened gold's price momentum slightly, as both non-farm payroll (528,000 vs. 250,000) and hourly wages (5.2% yoy vs. 4.9% yoy) soared far above expectations, causing a repricing of Federal Reserve rate expectation to the upside. However, unlike past Fed rate repricing episodes in May and July, this one did not result in a massive gold's sell-off. Consequently, this could be an early sign that the negative relationship between gold and the Fed's expected interest rates is beginning to dwindle. If this narrative gained further traction, gold would resume its traditional function as a hedge against inflation. Another print above expectations (8.7 percent year-over-year) would certainly prompt Fed rate responses, but also raise further doubts that this inflation can be tamed through rate hikes, potentially weighing on the dollar and favouring gold.
TVC:GOLD
by Capitalcom
GOLD LONGmy confluences; d; the big trend is bearish 4h; bullish ( for a quick intraday trade imma follow the 4h trend) broke the range zone price broke above resistance broke the previous HH with high momentum above 50/20emas 1h long wick rejection . 15m my entry was on the close of an engulfing candle sl; previous swing tp; nearest s/r a quick one price may reverse on me at any moment cus its a counter trend trade RM; risk; always 1% or less rrr; the mini target 3.1 PSY; protect capital first then make money second always manage ur risk vs reward be patient on ur setups advice; when the position is on profit trailing stops and scaling onto the trade while letting previous once risk free.
FOREXCOM:XAUUSDLong
by Ily14
GOLD (XAUUSD): Important Zone to Watch 🥇 Hey traders, I spotted a peculiar confluence zone on Gold. The price is currently approaching a major falling daily trend line. It matches perfectly with a completion point of a harmonic ABCD pattern on 4H time frame. I will expect a pullback from the underlined yellow zone next week. Target - 1745 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
14
Gold Forecast/Idea XauUsdTwo Scenario The first scenario with a probability of 55%: Breaking the daily resistance in the price range of 1800 and hitting the price range of 2075-2080. The second scenario with a probability of 45%: Hitting the resistance of 1800 and returning to the daily and weekly support in the price range of 1680 and 1600. 80% of the reasons for the upward movement of the price of gold and its fluctuations in the next weeks ( like the last 6 months, of course ) are influenced by the news and in general, fundamentals, which are mainly news like; The war between Russia and Ukraine is the decisions of the central banks for the financial, energy and food crises around this war and the exit from the Covid-19 epidemic recession, of course. Undoubtedly, price changes and fluctuations in energy (oil and gas indexes) have a direct impact on precious metals and gold, So be aware that sudden movements due to news and fundamental analysis have a high impact on your trades in this period of time, and you should pay special attention to the News. Good luck P.S Dear Friends; Write any suggestions for currencies analysis or stocks in the forex and cryptocurrency market in the comments so that we can publish their analysis. sincerely
OANDA:XAUUSD
by Arash-RK
1