Goldsetup
XAUUSDGold price (XAU/USD) gains strong positive traction for the seventh straight day on Thursday and sticks to its intraday gains, near the record high during the early European session. Growing acceptance that the Federal Reserve (Fed) will start cutting interest rates in June keeps the US Dollar (USD) bulls on the defensive and turns out to be a key factor driving flows towards the non-yielding yellow metal. Apart from this, a generally softer tone, persistent geopolitical tensions and China's economic woes lend additional support to the safe-haven commodity.
What will Gold do?Hello Traders!
We have an interesting graph when we look on Xau/Usd...
On D1 the trend (Swing) is bullish and price start a new impulse from demand.
On H4 the trend (Internal) is bearish and price reach an interesting daily supply.
On lower tf the price give us bullish signs (lower highs and higher highs).
What we expect? Bullish move because of the big trend or Bearish move because price could react from this supply and continue the internal trend?
Bullish scenario: I will look at price to break the D1 supply and continue the bullish signs for a bullish entry or maybe to break the internal high for a conservative scenario.
Bearish scenario: I will wait the price to break the low point from the daily supply and a retracement at the origin of the low impulse before I start selling.
For more info leave a comment!
Good luck and risk wisely!
GOLD H1 / Potential Short Trade / Valid Entry in Supply Area❗️💲Hello Traders!
This is my idea related to Gold. My previous forecast hit the target of 5R, now I expect a retracement, to the FVG and I will look for a confirmation in the supply area. The structure is still bearish, and my bias is for short entries.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD H1 / FVG TAKEN / GOOD OPPORTUNITY FOR A LONG TRADE ✅💲Hello traders!
This is my idea related to Gold H1. I see a very nice retracement from the resistance level. Also, the FVG on M15 was taken, and I expect a bullish move until the price of 2048, were we have a valid FVG.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
Looking to break fast highWe're looking for Gold to push up heights from Friday December 29th 2023 (7am EST) which was the short term latest high and we are looking for the candle to close above that area. The previous time during Friday failed to break that area despite multiple attempts to break on a 30m. I am looking for a close over our zone which is currently acting as a resistance area and as a confirmation i would like price to close above 2068.85. Very short term trade to potentially target 2070.74
Will Gold retrace to retest support then head to test ATH?Good afternoon traders,
Although the trend for Gold is bullish as the weakening US Dollar is seemingly more and more bearish with all the dovish signs from the FED, gold has met resistance at the 1945 area and may be showing signs that it is over extended and is going to need to retrace to the nearest support areas, (2035, 2030, 2015, 2005) before continuing up towards the ATHs. We will be looking for buying opportunities along the way.
My current target buying area is 2005-2020 obviously depending on how the precious metal decides to react. From there I will be looking at targets around 2060+ depending on if gold goes into price discovery from there. As of now this is my analysis on gold, but if the market changes then my analysis may also change. Remember we cannot guarantee where the market is going to move, but we can determine how we are going to react to it.
Anything I write and post is not financial advice, it is strictly my analysis on where I may personally place my trades. I will post updates as the trade moves forward.
Happy trading everyone have a wonderful Thursday!