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GOLD EXTENDED RETRACEMENT - NEW LAUNCHPADLooking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm. I am waiting for a retest of the resistance around the $2400 price. I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries. First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven. Full take profit at $2072.50. Once the final take profit level has been hit, I will be looking for buy positions to continue moving higher. This will be the my new launchpad for Gold. Let me know your thoughts, are you looking for buys or sells?
OANDA:XAUUSDShort
by TheLionsShare
Oh My Gold!- Everything is in graph. - maybe Gold will start a new rise after BTC Halving. " In a bearish market, investors typically prefer to buy gold, and at times of high inflation and market volatility, gold is considered by many as a 'safe haven' asset. " - This was the definition of a safe heaven i found in Google, but this have no more sense in 2022.. - if you bought GOLD in 2011 ATH and sold in 2022, you would have made somehow zero benefits or lose your money because of lack of patience. - How much money you would have made buying Bitcoin in 2018 ? ( no need to push the date to 2011..) if you really want to know what is happening now, it's really simple and logic : - The New Generation is impatient, they buy BTC and Cryptos, they take risks. - They make much more money and faster money than buying a corrupted metal controlled by Governments ( Thanks to Nixon's Team in 1971 ). - When Cryptos Bull runs burst to new ATH, smart peoples drop Cryptos to buy Gold, Rolex, Graphic Cards, and Lambos or RS7 ( a joke for my friend Baba ) - in a worst case of world war, it's much more simple to have a Ledger in the pocket than move with 50 Kgs of Gold in a bag. - The New Money is in the Blockchain. Happy Tr4Ding !
TVC:GOLD
by thecryer
22
GOLD MORE BULLISH MOVE IN THIS YEAR 2024!!HELLO TRADERS.. As i can see gold has break strong resistance level which is now turn in to a support zone and also tested 61.8 Golden Fibo level on Monthly TF we can see fundamentally issue around the world is signing to investors and big boys are moving to safe haven so load ur bags for this new bull run friends its just and trade idea do a proper analysis before taking any trade and kindly share ur thoughts on Gold with us in comments so it will help us all Traders For more updates Stay Tuned ....
OANDA:XAUUSDLong
by APEX_TRADING_ACADMEY
GOLD → Measured Move Complete!? Pullback to $2,200? Let's AnswerGold had a strong breakout above $2,075 on March 24th, 2024, leading to a measured move target of roughly $2,400. Gold overshot to $2,430 and ended last week with a strong sell signal at the target. Should we short here? How do we trade this? 🤔 This is an optimal time to short on the lower timeframes given we see a confirmation candle on the hourly chart. I would remain bullish on Gold given the macro trend on the higher timeframes like the Daily and Weekly. After three pushes up post-breakout, hitting the measured move target, and the Daily RSI being overbought for about 6 weeks, we should wait for the price to pullback from the breakout, likely a standard 50% pullback toward the price of the first push up; $2,200.00. Look for a buy signal candle and confirmation off of this area to enter a 1:2 long trade targeting a take profit around the measured move high of $2,350. Taking half profits at this target is reasonable then swing the latter half of the position until we see a sell signal. After the completion of that measured move target, I would be cautious that the price wants to go any higher before hanging around in this area of price via trading range. 💡 Trade Idea 💡 Long Entry: $2,225.00 🟥 Stop Loss: $2,162.50 ✅ Take Profit: $2,350.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Breakout of long-standing $2,075 resistance 2. Three pushes up to complete the measured move target 3. Strong sell signal after hitting that target, look for 50% pullback to Push #1 Support area 4. Look for a strong buy signal and confirmation bar, targeting a 1:2 Risk/Reward ratio trade 5. RSI at 72.00 and below the Moving Average. Has been overbought for 6 weeks on the Daily timeframe, supports pullback. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
TVC:GOLDLong
by TraderEngineering
GOLD Price Prediction: NEW PARADIGM OR EXIT SCAM?!Here is the 14 years of GOLD price history and action. Looking at it we can locate a lot of triangle shaped during its movement. 📌 Nowadays we facing resistance zone of $1860 (2011-high) and this is important zone for the whole world. Here is the chart of GOLD (XAUUSD) as pic: Price consolidate in triangles over and over from 2007 and this is quite interesting. Now price in the upward triangle shape, which can be broken down according to 2011 same shape of triangle. In 2011 we faced European Debt Crisis and price of gold surged down to 1000 low in 2015. So now, price in upward triangle and what it will do next? I see very high possibility to breakdown at see small retracement, before breakout from 2011 highs $1860 reistance zone. But there is a chances for bullish breakout now, so be careful. There is a quite good chances for price rise over next 5-10 years to $3000. Thanks for attention This is Artem Crypto
COMEX:GC2!
by ArShevelev
9
Gold Sell Today Confirm Gold price (XAU/USD) struggles to capitalize on the overnight modest gains and oscillates in a narrow trading band through the early part of the European session on Tuesday. Traders opt to wait on the sidelines ahead of the release of the US Personal Consumption and Expenditure (PCE) Price Index on Friday. The crucial data might influence expectations about the Federal Reserve's (Fed) rate cut path and provide a fresh directional impetus to the non-yielding yellow metal.
OANDA:XAUUSD
by Forex_Master-
1
XAU/USD 26 March 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains unchanged since last analysis dated 22/03/2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low. Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS. As mentioned on 22/03/2024, Intraday expectation is for price to react H4 POI to then target fractal high, which is currently underway. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bullish. Price printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates last week. Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's Analysis on 22/02/2024 was for price to indicate initiation of pullback by printing a bearish CHoCH which was denoted with a blue dotted line. Price printed this. Due to the size of the internal range I plotted sub-internal range, which is denoted in red, to gain a micro-view of price action. Sub-internal structure has now switched bullish in-line with internal and swing structure. Intraday expectation is for price to target weak internal high which is denoted by blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD H1 / Potential Small Retracement / Looking for a Long 💡Hello Traders! This is My idea related to Gold H1. The bearish sentiment is still strong for short positions, that's why I will look for a long entry after I see a small retracement. I expect a confirmation of closing a FVG on a smaller timeframe. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDLong
by GoodTradeST