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Gold is Roaming around , preparaing itself for bullish movementHello 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
OANDA:XAUUSDLong
by ForexMasters2000
8.20 Gold Trend Analysis2500 Golden Era has officially stabilized and will move towards 2600 in the future Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches the bottom, it can be bullish In addition to the geopolitical situation, everyone is currently pinning their hopes on the trend of gold on Friday when Fed Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting Support level 2515 2510 2500 Resistance level 2525 2535 2550
TVC:GOLDShort
by David_strategy
XAU/USD Gold has potential (Updated)Hi everyone, this post is written to improve and update my previous idea on Gold. You can check my previous idea... but this post will cover it all anyways. To skip the long read, I've summarized the idea at the end. I'll start with a broad overview to keep things clear... And as time passes, and gold plays out, I will update the post to include more solid ideas. This time, I've zoomed out the older snapshot from the other post since gold is trying to break out of this 10-year trend. In my understanding, recently politics are getting heated, more and more people are turning their capital into Gold. And given that it is already at an all-time high, it is possible that this trend can be broken. With that said, this post will solely investigate the technical analysis aspect of Gold. I'm writing this idea to predict whether the ongoing bullish behavior will continue or not, rather than to find an entry point. In my previous analysis, this was the general trend over the long term (almost 10-year trend). It showed resistance as I expected (2450). Of course, it is such a strong trend and sell pressure was expected. 1st time it got rejected at 2450 but after 1 months of recession, recently Gold fired back up to 2500 for the 2nd time. And as of right now, it is trying to break out of this 10-year trend. If it does continue going up, 2700$ is where I am expecting to see some actual resistance. To confirm this as a breakout I have looked at the possible uptrend driving the price which I've approximately shown as the pink trend, within the 10-year trend. Inside the pink trend, the trend shown with white is the bullish trend that started in 2023 and is going on since. This trend does also indicate that with the current momentum, reaching 2700$ is possible. But we have to keep track of the price as Gold may face some resistance between 2545-2575$ as stated on the next image. This is the YTD view. Within the white steep uptrend, I believe Gold is currently rising within the channel shown. Pink line shows approximately the upper boundary of the bigger trend from the previous view. Recently Gold gained pace and even broke out of this pink resistance zone, starting another uptrend after months of trying. We can't be certain of anything at the moment. For the time being, I won't go into more short-term analysis, because more information is needed and currently it has a clear upwards momentum. If we do indeed reach around ~2570 than a more detailed lower timeframe analysis can be helpful to see if it can continue moving up. I will update this post from time to time, as more information is necessary. Predictions, today, Aug 20, some resistance around 2530$ 2-3 day target 2545-2550$ overall target; if it does continue bullish 2700$, and in years target (~4000?) Just to keep in mind, If it fails to keep these levels and a reversal happens, It is possible that for months it can go back to 2200$ for a retest. Even though I think it is less likely, if a lot of sell pressure happens and the pink trend cannot be broken. More sell pressure will be added when Gold falls below 2400$ and eventually can end up following a trajectory like this. In either case Gold has huge potential on the long run, and I don't think it is wise to risk shorting Gold anytime soon. Please do your own research before taking any risks.
OANDA:XAUUSDLong
by Kivvwi
GOLD Analysis | Intraday Chart ForecastHi Traders! Gold prices rose to a record early on Friday as the dollar and yields fell on firming expectations the Federal Reserve is ready to begin lowering interest rates as U.S. inflation eases. Gold for December delivery was last seen up US$27.40 to US$2,519.80 per ounce, topping the record high of US$2,507.80 set on Tuesday. The rise follows on economic data this week showing inflation slowed last month while retail sales surged, easing recession worries while strengthening expectations the Federal Reserve can begin cutting interest rates, which are at a 23-year high, when its policy committee meets next month. "Gold's data dependency remains paramount, as jobs, inflation, and economic data all have the potential to clarify the Fed's path and future monetary policy," Christopher Louney, a commodities strategist at RBC Capital Markets, said in a note. The dollar moved lower, with the ICE dollar index last seen down 0.27 points to 102.71. Treasury yields also fell, with the U.S. two-year note last seen paying 4.056%, down 4.5 basis points, while the yield on the 10-year note was down 2.4 basis points to 3.891%. From technical point of view, Trend is bullish and if we look at 1H chart, Gold is forming impulsive structure 12345. If this analysis is correct, in the short term GOLD should trigger a corrective structure (Wave 4) before another bullish leg. Thank you for watching.
OANDA:XAUUSDLong
by TheAnonymousBanker
7
Gold Trade : Bullish Momentum AheadXAUUSD has been making bullish trend through 2041 making higher highs and higher lows and is holding towards the liquidity zone 2506 2505.Price action and market structure also shows bullish trend and also a double bottom pattern is evident around the 2380 2385 level indicating a strong support area. there is also a news which would support us in bullish momentum Our technical analysis and market indicators suggest a positive trend for gold in the next trading session. Investor can expect a potentially lucrative opportunity to capitalize on the bullish momentum.
FOREXCOM:XAUUSDLong
by sabellaFX
XAU/USD Longs from 2,460.000 back up?As price has made new ATHs and swept that liquidity, I now expect price to retrace and come back down, as it seems like the bullish pressure will gradually die down. Once this happens, it will likely cause a correction, bringing the price back down to the 19-hour demand zone. Once price enters the zone, I will wait for a Wyckoff accumulation on the lower time frame, which will allow for a precise entry. If price breaks past the zone and enters the daily demand, then I will expect a major buyback, as it's a valid zone sitting at a cheap price. Confluences for GOLD Buys are as follows: - Price has taken ATHs, indicating that it is very bullish on both the higher and lower time frames. - A lot of liquidity has been swept, so price will likely retrace to continue its order flow. - There is a strong demand zone that has caused a break of structure to the upside. - Imbalance above the 19-hour demand zone needs to be filled before mitigating demand. - This is a pro-trend trade idea, and with ongoing wars, I only expect gold to become more bullish. P.S. If price changes character to the downside and leaves a significant supply, I will then wait for a short-term sell to take it back down toward my original POI (19-hour demand zone).
OANDA:XAUUSDLong
by Hassan_fx
8.19 gold operations analysisContinuing the trend of last Friday, gold has been above 2500 in the early trading and peaked at 2509. The next operation will mainly depend on the European trading session. At present, gold is still rising. If it can successfully break through 2510, then the upward trend of gold will be relatively large. Key points: Resistance level 2510 2520 2535 2550 If it falls below 2500, the key points are: 2490 2480 2475 2460 2450 Accurate signal I will notify you in the group in time, everyone remember to watch it on time
TVC:GOLDLong
by David_strategy
EURUSD BuyEurusd is consolidating over its 1 Hourly Resistance level and the volume is telling me that it will break above the resistance and will move to its daily Resistance level which is a clear buy but if it goes either way it will rally down to its Previous support but seems like it would rally up and break above the 1 Hourly Resistance level rally upwards to its daily global or physiological resistance level i would put my buys after breakabove retest and proper price action (bullish engulfing)
Long
by Wakeel_Saab
Gold Surges to New Highs: Will the Rally Continue or Reverse? By reviewing the latest #Gold chart on the 4-hour timeframe, we can see that on Friday, after reaching the target zone ($2471 to $2477), the price experienced only a brief negative reaction, which was quickly recovered, and finally managed to establish a new high, rising to $2509! Currently, there are no signs of a price reversal in this timeframe. To better predict and analyze gold's next move, we need to wait for a reversal pattern to emerge. Don’t rush into trading; wait for the price to stabilize! This analysis will be updated tomorrow before the New York session begins. This fast rise to $2509 relates to a prediction I made back on the 4th of December 2023, when gold was trading around $2067. At that time, I forecasted that gold might reach $2500 within the next five years. Yet, here we are, less than a year later, and gold has already hit that milestone! The speed at which this has happened has surprised even me. Over the months, we have seen several global events rapidly changing and increasing gold demand through: • Geopolitical Conflicts: Everlasting wars and increasing tensions shifted investors' interest to safe-haven assets like gold. • Political Instability: Shifting powers and unpredictable political landscapes make gold an attractive option. • Changes in Geographies: Global geopolitical realignments and territorial disputes have contributed to market vagaries. • High Global Inflation: The world has experienced great levels of inflation, making more and more people use gold to hedge their wealth. • Rising Consumer Prices: With prices soaring, gold has proven to be a favorite store of value. All these and more have combined to accelerate the rate of growth in gold well beyond our initial expectations. This is a very clear reminder of how uncertain the markets are and why we can only get ahead with constant updating of knowledge to new, adapting social and economic conditions; otherwise, we fall far behind. Let's continue to be well informed, adapt quickly, and catch the opportunities that are likely to come across us on our way. The future is so unpredictable, but with the correct mindset and strategy, for sure, we will certainly find our way through! For further context, check out my original analysis from December (2023) ! just click the chart below to dive in! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
OANDA:XAUUSD
by ArmanShabanTrading
1
Analysis of gold trend on August 19Last Friday, gold once broke through 2500 and finally closed above 2506. The overall price soared by more than 50 US dollars, setting a record high. This price surge is not just a jump in numbers, but also the result of the combined effect of market sentiment, macroeconomic data, geopolitical tensions and monetary policy expectations. In addition, central banks of various countries are also very enthusiastic about gold. Analysis of gold trends this week! There is not much data released in the international news this week. Except for the war between Russia and Ukraine, there is not much movement in the Middle East. Gold may rise and fall and then go sideways for a long time. The specific situation is of course subject to the trend of the market. My analyst team and I will announce the accurate signal in my channel.
TVC:GOLD
by David_strategy
Officially reached over 2500! NEW XAU ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/19 - 9/23/2024 🔥 World situation: Gold (XAU/USD) surged to a new record high above $2,490 on Friday during the US session as investors remain confident that the Federal Reserve (Fed) will cut interest rates in September, despite Thursday's stronger-than-expected Retail Sales data. Earlier in the day, gold had pulled back after testing a key resistance level around $2,470, a point it struggled with earlier in the week. The pullback was driven by the July US Retail Sales report, which showed a 1.0% month-over-month increase, far exceeding the 0.3% forecast and reversing June’s revised 0.2% decline. 🔥 Identify: Gold price hits all-time high of 2509. Optimism for all markets as September interest rates near 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2531, $2560 Support : $2490, $2465, $2430 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
1
XAUUSD Bullish momentum started again**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between the High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. Due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold. Last week, we saw a big selloff in XAUUSD for profit-taking after it reached a new record high. While the long-term outlook for the XAUUSD (Gold) is still bullish. **Weekly Chart** Last week's candle closed bearish after testing the midlevel of the previous week's key reversal. It has also tested the IPA of the 1st July 2024 week at 2,353.195 before moving higher. This has confirmed that the sell-off was completed and the buyers are entering the market as it pushed XAUUSD higher. **Daily Chart** Last week's move was a continuation of the previous weekly sell-off move and only tested the relative daily low at around the 2,353.19 level before it turned around and started a bullish move. For this week I expect to continue to be bullish and we will probably see a new high formed above 2,500 level in the coming weeks.
OANDA:XAUUSDLong
by PropSignals
Bitcoin's Golden Opportunity Lost? Bitcoin's price has been struggling to gain traction, even as traditional safe-haven assets like gold have surged to unprecedented heights. The yellow metal recently eclipsed the $2,500 per ounce mark for the first time ever, a testament to its status as a hedge against economic uncertainty and inflation. In stark contrast, Bitcoin has been trading sideways, raising questions about its suitability as a digital gold. The divergence between Bitcoin and gold is a stark reminder of the challenges facing the world's largest cryptocurrency. While often touted as a digital equivalent of gold, Bitcoin's price behavior has not mirrored the precious metal's performance. This disconnect has fueled skepticism among investors who once saw Bitcoin as a reliable store of value. Gold's rally is underpinned by a confluence of factors, including geopolitical tensions, inflationary pressures, and a weakening US dollar. These conditions typically drive investors towards safe-haven assets. However, Bitcoin has failed to capitalize on this trend, suggesting that it may not be as immune to broader market forces as many had hoped. Some analysts attribute Bitcoin's underperformance to a combination of factors, including regulatory uncertainty, the ongoing bear market, and the lack of clear catalysts for price appreciation. The cryptocurrency market has been plagued by volatility, and Bitcoin has not been immune to these fluctuations. Despite the recent price weakness, Bitcoin remains a divisive asset. Bullish investors continue to believe in the long-term potential of the cryptocurrency, citing its underlying technology and the growing adoption of digital assets. They argue that the current downturn is a buying opportunity and that Bitcoin will eventually resume its upward trajectory. However, skeptics contend that Bitcoin's price is largely driven by speculation and that the cryptocurrency lacks the intrinsic value of gold. They point to the fact that Bitcoin is a relatively new asset class with a limited track record, making it a risky investment. As the crypto market continues to evolve, the relationship between Bitcoin and gold will be closely watched. If Bitcoin fails to demonstrate its ability to function as a reliable store of value, it could face challenges in attracting institutional investors and gaining widespread acceptance as a legitimate asset class. Ultimately, the future of Bitcoin remains uncertain. While the cryptocurrency has the potential to disrupt the financial system, it must overcome significant hurdles to realize its full potential. Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
OANDA:XAUUSDLong
by bryandowningqln