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Analysis of gold market trend on August 14The release of CPI will determine whether gold can reach a new historical high, whether it can hit 2500 points or even higher In the early Asian session, gold fluctuated in a narrow range and is currently hovering around 2460 points. According to the 4-hour chart, it is currently going downhill, but the decisive factor will still be the US CPI July quarterly annual rate released at 20:30 Beijing time today If the data is lower than expected, then gold, as the traditional safest safe-haven asset, will have the hope of hitting the historical high. On the contrary, it may fall below 2400 points Before the release of this data, what do you think of gold? Everyone is welcome to actively express your views
TVC:GOLD
by David_strategy
GOLD to continue in the upward move?XAUUSD - 24h expiry Price action continues to trade around the all-time highs. Preferred trade is to buy on dips. Yesterday's Marabuzo is located at 2451. Risk/Reward would be poor to call a buy from current levels. The primary trend remains bullish. We look to Buy at 2451.5 (stop at 2435.5) Our profit targets will be 2491.5 and 2501.5 Resistance: 2477.7 / 2483.7 / 2500.0 Support: 2458.5 / 2445.0 / 2430.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
PPI - Waiting for Gold's new ATH⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) surged over 1% on Monday, driven by safe-haven demand due to concerns about escalating conflicts in the Middle East and Ukraine's unexpected offensive against Russia. Additionally, dovish expectations for the Federal Reserve (Fed) weakened the US Dollar (USD), helping gold move closer to its monthly high during Tuesday's Asian session. However, the positive market sentiment led to some selling pressure on gold in the same session. Bulls appear cautious, waiting for the upcoming US inflation data before making further moves. Despite this, gold remains near the all-time high reached in July and is likely to break out of the short-term range it has held for the past month. ⭐️ Personal comments NOVA: Gold price increased back to the highest resistance zone 2475-2480. There was an adjustment in the Asian and European sessions to expect to create a new ATH this week: over 2500 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2440 - $2442 SL $2435 TP1: $2455 TP2: $2470 TP3: $2500 🔥SELL GOLD zone: $2518 - $2520 SL $2525 TP1: $2510 TP2: $2500 TP3: $2490 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. Price moves steadily on all 3 EMA lines, Uptrend expected to break ATH ⭐️ 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
3
GOLD → a possible bullish scenario Hello guys. - Bullish Trend: The chart shows an overall bullish trend with higher lows forming after a correction. - Key Resistance Levels: - QML (Quasimodo Level): A significant resistance zone that could influence the price movement. - Engulfed Zone: Another resistance area where sellers previously took control. - Support Level: - Flip Area: A strong support zone where buyers stepped in to push the price back up. - Potential Movement: - The chart suggests a bullish projection, with potential targets around 2,452.55 USD - Market Sentiment: The chart indicates a bullish bias, with the flip area being crucial for maintaining this outlook. Overall, the chart suggests a bullish scenario with the potential for further upward movement, contingent on the price action around key resistance levels. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDLong
by melikatrader94
11
Gold (XAU/USD) new ATH After Breaking Key The 30-minute chart shows a strong upward momentum, with the price currently trading above several key support levels. The recent breakout above $2,469.76 has paved the way for further gains, and the price is now targeting the psychological resistance level of $2,500. If the price continues to follow the projected path, we could see a short-term retracement to retest the $2,474.51 or $2,482.67 levels, providing potential entry points for traders. The overall trend remains bullish, and a sustained break above $2,500 could signal a continuation towards higher levels, with $2,505 and $2,510 being the next areas of interest. Traders should monitor for potential consolidation or pullbacks near $2,485, as this could serve as a launchpad for the next leg higher.
OANDA:XAUUSDLong
by TopGBanks
Gold Price Advances to Amid Rising Middle East Tension Gold prices have surged to a one-week high, buoyed by a confluence of factors that have ignited investor interest in the safe-haven asset. For the third consecutive day, the precious metal has experienced upward momentum, driven primarily by geopolitical tensions in the Middle East and mounting expectations of interest rate cuts by the Federal Reserve. The escalating conflicts in the Middle East have cast a shadow over global markets, prompting investors to seek refuge in gold. As a traditional safe-haven asset, gold tends to appreciate during periods of heightened uncertainty and geopolitical instability. The ongoing tensions in the region have heightened concerns about potential disruptions to oil supplies and the broader economic implications, thereby bolstering gold's appeal. Simultaneously, growing speculation about a potential pivot by the Federal Reserve towards a more dovish monetary policy stance has also supported gold prices. As economic growth concerns persist, market participants are increasingly betting on interest rate cuts later this year. Lower interest rates typically benefit gold, as they reduce the opportunity cost of holding the non-yielding asset. However, the upside potential for gold prices may be tempered by the overall positive risk sentiment in the market. While geopolitical tensions and rate cut expectations have provided a solid foundation for gold's rally, a generally upbeat market mood could limit gains. Investors are also likely to adopt a cautious stance ahead of the release of crucial US inflation data this week. The inflation figures will provide valuable insights into the trajectory of the US economy and the Federal Reserve's monetary policy path. As the market digests the evolving geopolitical landscape and awaits key economic indicators, gold prices are expected to remain volatile in the near term. While the underlying fundamentals remain supportive, the potential for profit-taking and shifts in investor sentiment could introduce some headwinds. Going forward, the interplay between geopolitical tensions, interest rate expectations, and overall market sentiment will be crucial in determining the direction of gold prices. Traders and investors will be closely monitoring developments in the Middle East, as well as economic data releases, for clues about the metal's future trajectory.
OANDA:XAUUSDLong
by bryandowningqln
2460 WILL PROBABALY HIT IN NEXT WEEK 2460 WILL PROBABALY HIT IN NEXT WEEK As The View Of The Simple Price Action I Can See That Gold Need To Touch 2460 First Before Decide The Further Direction Move. As The Pattern That Has Formed Is A Bullish Trend Pattern (Bullish Pennant) This Pennant Must Breck To the Up side. And After Conformed Pullback maybe A Good Buy Opportunity. But If Price Couldn't Breck The Upper Trendline Gold Will Fall Again Back To 2410 Zone At Least. Will See On Next Week What Will Happen And Fore More LTF Analyze Wait Till Market Move First Next Monday. Also Wait For More Updates On Elliot Wave And Simple And Quick Price Action Analyze
EIGHTCAP:XAUUSDLong
by Mr_Scalper_117
Important resistance levels were broken, and gold soared.If we continue to maintain the trend of buying above the middle track of the daily line, the big market will come. Because the important resistance level of 2450 has been broken, the next target is 2468, or even a record high. According to news reports, Iran is likely to directly attack Israel in the next few days in retaliation for the assassination of Hamas' political leader in Tehran. It may happen. In the bullish trend, we should follow the trend. Technically, gold is running above the moving average, which is a necessary condition for the outbreak of a unilateral market. The important resistance level has been broken, so we should follow the trend and buy more.
TVC:GOLDLong
by Alligator-King
Newmont Corp | NEM | Long at $48.00While gold prices have soared recently, gold mining stocks have lagged. Newmont Corp NYSE:NEM , the world's largest gold mining corporation, may be undervalued if the miners take off to catch up to the gold demand/price. Currently sitting near $48.00 and at a historical moving average that it will need to break to show a true trend reversal, NYSE:NEM is in a personal buy zone. Now, the price may break down at the simple moving average and test the patience of shareholders, but the long game may benefit those who can tolerate the volatility. Target #1 = $57.00 Target #2 = $71.00
NYSE:NEMLong
by WorthlessViews
Gold Futures Poised for Gains as Uptrend Stabilizes Above 2428Gold Futures Rise as Long-Term Outlook Remains Positive Technical Analysis: Gold Current Outlook: Stabilization above 2428 means an uptrend toward 2450 and 2466 due to the high bullish volume with a correction till 2428 Bullish Scenario: The price will touch 2450, and then should break 2450 to be a bullish trend till 2466, Bearish Scenario: Stabilization below 2450 could support a decline to 2428 Key Levels: - Pivot Line: 2444 - Resistance Levels: 2454, 2466, 2475 - Support Levels: 2428, 2420, 2397 Today's Expected Trading Range is between 2428 and 2466 Tendency: Bullish trend above 2428
OANDA:XAUUSDLong
by SroshMayi
Gold Buys!!! ### **Analysis:** - The chart shows a bullish scenario where the price has broken out above a descending trendline, indicating a potential reversal to the upside. - The price has retraced to the 0.618 Fibonacci level around 2,440, a strong area of support that aligns with the 200 EMA (black line). - The 50 EMA (red line) is turning upwards, suggesting bullish momentum is building. - There is a clear bullish flag or pennant pattern forming, which typically precedes a continuation of the uptrend. ### **Trade Idea:** **Direction:** Buy (Long) #### **Entry:** - **Buy Entry:** Consider entering a long position around the current price level of 2,440, as it is bouncing off the 0.618 Fibonacci level, which is a strong support zone. #### **Stop Loss:** - **Stop Loss:** Set the stop loss just below the 0.5 Fibonacci level and the recent swing low around 2,429.60. This area should provide enough room for the trade to develop while protecting against a potential reversal. - **Stop Loss Price:** 2,429.60 #### **Take Profit:** - **Primary Target (TP1):** The first take profit target can be set at the 0.786 Fibonacci level around 2,457.13. This aligns with the next resistance level. - **Secondary Target (TP2):** The ultimate target is set at the 1.618 Fibonacci extension around 2,537.83, which represents a significant bullish continuation. #### **Price Levels:** - **Entry:** 2,440.00 - **Stop Loss:** 2,429.60 - **Take Profit 1:** 2,457.13 - **Take Profit 2:** 2,537.83 ### **Conclusion:** - **Buy:** Enter long around 2,440 with targets at 2,457.13 and 2,537.83. - **Risk Management:** Ensure that your position size is appropriate for your risk tolerance, aiming for a favorable risk-reward ratio of at least 1:2. This setup is based on the technical indicators and patterns observed in the chart. It's essential to monitor the trade closely, especially around key support and resistance levels, and adjust your strategy as the market evolves.
OANDA:XAUUSDLong
by Sthesh_Don_Billiato
Buy Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined 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 2394, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2470 2nd Support – 2500 Stop-Loss: To manage risk, place a stop-loss order below 2362. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
49
Gold Rally – With Rate Cuts Near ✍️ NOVA hello everyone, Let's comment on gold price next week from 8/12 - 8/16/2024 🔥 World situation: Gold prices continued to rise for the second consecutive day as traders remain confident that the Federal Reserve (Fed) might start easing policy at the upcoming September meeting. Rising tensions between Israel, Lebanon, and Iran also support gold ahead of the weekend. XAU/USD is trading at $2,432, up by 0.22%. Recent US economic data indicates a slowing economy, though not enough to spark recession fears. Concerns following weak ISM Manufacturing PMI and July Nonfarm Payrolls (NFP) reports eased, as shown by the gains in US equities late in the New York session. 🔥 Identify: Gold price recovers - important motivation for FED interest rate cut is getting closer - waiting for attention resistance zones next week: 2448, 2480, 2500 🔥 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: $2448, $2480, $2500 Support : $2405, $2387, $2352 🔥 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