GOLD is Testing Recent Highs!Ladies and Gentlemen,
We are approaching our target from last nights close.
Goldlong
Gold is in the Bearish Zone Hello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Strategic Moves by Institutional Buyers Signal Bullish ProspectsGold commenced 2024 on a strong footing, exhibiting significant upward momentum during the first quarter. The accumulation phase initiated by institutional buyers stretched from January to mid-February, beginning at the S3 support level of $2,075 per troy ounce. The upward movement propelled gold prices to the R5 resistance level of $2,503 per ounce by the second week of April, marking the onset of the second quarter. This peak prompted profit-taking, stabilizing the price within a range between $2,365 and $2,503 per ounce.
Throughout this period, it appears that institutional buyers were actively building positions, likely in anticipation of driving prices higher. This strategic positioning is evident from the price consolidation between the R3 and R4 resistance levels for nearly five weeks during the third quarter. The persistence of prices within this range underlines a robust buying interest.
A critical breakout occurred when prices surpassed the R4 level at $2,503, which had previously acted as a formidable resistance point for several months. This breakout is a strong indication of continued dominance by institutional buyers in the gold market. Currently, with prices holding above the R4 level, the market is poised to target the R5 level at $2,605 for the third quarter, with potential for further ascension in Q4 of 2024.
Given these dynamics, traders are advised to capitalize on any pullbacks towards the R4 level, as these dips present favorable buying opportunities within a bullish gold market framework.
Gold W Formation on H1 @Relevant Levels for HTF InvestorsHello Ladies and Gentlemen,
I took this long at the price that you can see on the video, the stop loss is quite large with $130+ of room, however you may make yours larger or smaller.
A larger one would of course mean higher probability but less risk to reward.
Gold Short-Term Dip with Long-Term Bullish PotentialGold presented an excellent opportunity for traders today, with the market favoring the bears. Despite this short-term bearish momentum, the long-term pattern for gold remains bullish when considering the broader fundamentals.
Notably, gold has recently created an all-time high (ATH), which further strengthens its bullish outlook in the long run. Currently, gold is trading around the $2,480 level, where it has found a key support zone. The price action at this level suggests a potential rebound.
I anticipate that gold will bounce back from this support and make its way towards the $2,500 level, where it will likely retest the resistance. Traders should keep a close eye on this support level, as a successful rebound could signal a continuation of the long-term bullish trend.
However, if the bears manage to break this support, we could see the market fall to the $2,445 level. Keep your eyes open when the market opens, as it may provide hints about the next move for gold. Caution is advised, as market dynamics can shift quickly, and it’s essential to stay updated with the latest market developments.
Gold is at Record Highs!Ladies and Gentlemen, Gold has recently reached new record breaking peaks.
As we can see Gold is currently hovering between 2470 and 2485, which is just below the 2500.
We have broken and closed above the 2500 on the weekly, which puts our probability of going to another record high.
Gold entered into a bearish structure after breaking channelHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold will be in bearish after Breaking triangle patternHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold will be in bullish after making triangle patternHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
8.22 Gold Trend Operation AnalysisThrough the analysis of automatic trend lines and trend charts, we know that gold has rebounded from the 2499 line below in the early trading. It is still a little short of the first support level below. The short-term 2508 line has become the critical point between long and short positions. The short-term upper 2518 line is the first pressure level. In the short term, it will continue to fluctuate and consolidate in this 20 US dollar space. In terms of operation, we continue to focus on buying on dips with the idea of high-altitude and low-multiple.
Short gold at 2518, stop loss at 2526, take profit at 2500;
Long gold at 2498, stop loss at 2490, take profit at 2513.
What are your different views on gold? Welcome to like and comment
Gold sell ideaGold could be a huge sell as gold has shown weakness on Resistance level now gold is going to fill up an FVG which is almost done so we will be selling gold over 2510 level that is a great physiological level to sell gold
Will the revision of the NFP help support the Gold price?Macro theme:
- At the Jul meeting, most policymakers suggested easing policy in Sep would be appropriate if the data aligned with expectations.
- Bets on more rate cuts grew after US Nonfarm Payrolls were revised down to 820K, raising doubts about the labor market's resilience to higher rates.
- Investors are now waiting for Fed Chair Powell's speech on Friday for guidance on the interest rate outlook, keeping markets stable for now.
- Meanwhile, geopolitical tensions in the Middle East continue to drive gold prices higher.
Technical theme:
- XAUUSD is still trading above the EMA21, indicating solid upward momentum persists.
- If XAUUSD extends its gain, we can watch the 2.0 Fibonacci extension, which is around 2555.
- On the contrary, if XAUUSD retraces before continuing, we must watch for 2480 and a lower level at 2431 before attempting any go-with-trend trades.
XAU/USD: Correction to Support?Upside Momentum Slowing on the Monthly Chart
Despite the yellow metal working with a clear uptrend and shaking hands with fresh record highs, momentum to the upside has noticeably decelerated. This can be observed through price action and the Relative Strength Index (RSI) on the monthly scale, which tests overbought conditions and exhibits the possibility of negative divergence.
Breakout in Play
On the daily timeframe, gold recently ventured north of a consolidation between US$2,363 and US$2,470 late last week and also broke through the upper boundary of an ascending channel extended from the high of US$2,450. Consequently, before buyers attempt to take things higher, a textbook correction and retest of the breached boundary (black circle) could be seen to potentially deliver support. Dip buying?
H1 Technicals Converging with Daily Structure
Following the recent all-time high, H1 flow has pencilled in the beginning of an early short-term downtrend (lower low, lower high and subsequent lower low). What jumps out on the H1 chart, however, is support coming in at US$2,477, which happens to converge with H1 trendline support, taken from the low of US$2,381, and the breached resistances on the daily chart.
This H1 area of support is also located just south of the higher low at US$2,485 formed on 19 August (black circle). Since traders often position protective stop-loss orders beneath swing lows like US$2,485, whipsawing beneath this boundary could attract larger buyers looking to hit the offer from the noted H1 support on the back of the fresh liquidity.
Price Direction?
While upside momentum is slowing on the longer-term monthly chart, a correction on the daily chart to the recently breached resistance could be seen. This move may prompt dip buying, particularly from H1 support around US$2,477, which shares chart space with daily structure.
8.22 Gold Operation AnalysisFrom a technical perspective, the 4-hour candle trend of the gold K-line chart is stable and currently fluctuates sideways at 2508.
Operation suggestions for the short term
2505 long position, take profit at 2520, stop loss at 2497
2515 short position, take profit at 2505, stop loss at 2523
Gold $GC $GLDNice SCTR score and retrace to the 1HR fib. Has already bounced. SET:GC targets 2563/78 on this move.
Gold Forecast for today 08/21/24Today, sharp fluctuations can be seen in gold, since there is FED commentary today, its impact will be seen on all types of commodities, but its major impact will be seen only on gold, we have presented the forecast of gold on technical basis. It is expected that this fluctuation can be seen from 2450 to 2532. You must also give your predictions in the comments.
XAUUSD buy above 2513 to 2528--15 points21/08/2024
Xauusd strong buy above 2513
Stop loss 2507....6 pts
Target 1......2518.....5 pts
Target 2......2522....9 pts
Target 3......2528.....15 pts+++
This level only for education purpose only
GOLD4-hour time frame gold analysis
Gold is bullish in the 4-hour time frame and by seeing the confirmation in the specified areas, you can look for buying deals for higher targets.
Buy Gold (Xau/Usd) Bullish ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a 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 2516, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2551
2nd Support – 2573
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Best Regards, KABHI FOREX TRADING
Thank you.
GOLD - Rockin' Higher (MACRO BULLISH!!!!)From a macro perspective, the bullish trend has just been confirmed. With the current worldwide uncertainty regarding monetary policies, the wars going on and the political conflicts people tend to swift towards safe havens like gold since their store of value does not deteriorate in an economic crisis, it's always on demand and easily convertible. History doesn’t repeat itself but it certainly rhymes.
We have two active Time at Mode weekly bullish trends.
First trend expires mid September with the highest target of $2,900.
Second trend expires in November with the highest target of $3,100.
Combining both short and longer term trends, we could easily expect price continuation toward $3,000's by the end of the year.
8.21 Gold Trend Operation Analysis Short-termIn terms of the average daily fluctuation range, gold is currently in a fluctuating downward trend. The bullish momentum is obviously more difficult than before. The one-hour chart trend is basically sideways and the candle is weak.
Short-term operation points
2515 short, take profit 2505, stop loss 2522
2505 long, take profit 2520, stop loss 2500
GOLD Pre\Post Analysis | Closing w\ $648.00 USD Profit TodayI do believe gold is going to continue to buy. As much as I know traders are interested in selling at the high, I don't think it is that probable to take that trade and the more you think of every trade in terms of probability, it saves you from taking some really shit trades, honestly.
Would you take a bet that you are either A. unsure you can win or B. know you will lose? Of course not, so why is it you take trades like that?
Take smarter trades.
