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Goldsignal

Gold Analysis==>>Correction!!!Gold moved as I expected✅ in the previous post . In this post, I also use the Bollinger Bands Indicator , it seems that Gold reacts well to the lines of this indicator. So as long as Gold reacts to these lines, you can use this indicator . Gold is currently moving in the Resistance zone($2,686-$2,670) and managed to break the Uptrend line . According to the theory of Elliott waves, gold seems to have completed wave 5 . The Gold chart shows three Regular Divergences(-RDs) . One of the most reliable is the Regular Divergence(RD-) in Bollinger Bands Indicator ( Divergence sell signals mostly form at the end of an upward trend, where the price chart forms a peak above the Bollinger upper band and another peak after, below the upper band. ) I expect Gold to drop to at least $2,652 after breaking the Support line . 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
11
Gold Analysis==>>Bollinger Bands!!!Gold ( OANDA:XAUUSD ) moved, as I expected in my previous post . Gold is moving near the Resistance zone($2,686-$2,670) and within the Bollinger Bands Indicator ( we can consider the upper and lower lines as Support and Resistance ). What is Bollinger Bands Indicator!? Bollinger Bands is a technical indicator used to measure market volatility. It consists of three lines: Middle Band: A simple moving average . Upper Band: Two standard deviations above the moving average. Lower Band: Two standard deviations below the moving average. When prices hit the upper band, the asset might be overbought; hitting the lower band suggests it could be oversold. Tight bands indicate low volatility, while wide bands show high volatility. It helps identify potential entry and exit points in the market. According to the Elliott wave theory , Gold seems to have completed 5 impulsive waves . We should expect the Corrective waves to finish and Gold to start increasing again. I expect Gold to start rising again after hitting the lower line of the Bollinger Bands or 50% Fibonacci line and attacking the Resistance lines . 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
1
DeGRAM | GOLD pullback from the channel boundaryGOLD is moving in a descending channel between the trend lines. The chart maintains the descending structure. After reaching the upper boundary of the channel, the price reacted with a pullback and is now trading under the resistance level, which coincides with the 62% retracement level. We expect a continuation of the decline from the resistance. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
4
DeGRAM | GOLD testing of the upper channel boundaryGOLD is moving in a descending channel between the trend lines. The price has descended, reaching the upper boundary of the channel. The chart maintains the descending structure. The resistance level coincides with the retracement level, which the price will have to overcome to continue the growth. We expect that the chart will continue to decline after retesting the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
3
Gold (XAU/USD) - Potential Bearish Continuationhello guys. let's analyze gold! Price Action: The chart shows gold is currently trading within a descending wedge. The price has been rejected from the upper boundary of the wedge, indicating a potential reversal. There’s a clear lower high formation, which suggests a shift towards a bearish trend. Key Levels: A significant support zone exists around 2,585 USD to 2,590 USD, marked by the purple highlighted area. The price is likely heading toward this support if the bearish momentum continues. The current resistance lies near 2,667 USD, which acts as the upper boundary of the wedge. Bearish Scenario: The chart indicates a potential downward move if the price breaks below 2,627 USD. The next target for the bearish movement is the 2,590 USD area. If this level fails to hold, a deeper correction could follow.
OANDA:XAUUSDShort
by melikatrader94
13
Gold Analysis==>>Ready to PumpToday, on October 10, 2024 , key U.S. economic data were released, including Core CPI m/m , CPI m/m , CPI y/y , and Unemployment Claims . These reports provide insights into inflation and the labor market, which have significant implications for financial markets, including gold. Impact of Today’s Parameters on Gold : Core CPI m/m : Increased by 0.3%, indicating persistent inflationary pressures. This could prompt the Fed to maintain high interest rates, which generally puts downward pressure on gold prices. CPI m/m and CPI y/y : Both show easing inflation, which might reduce expectations of aggressive rate hikes, benefiting gold, as lower interest rates reduce the opportunity cost of holding non-yielding assets like gold. Unemployment Claims : Rose to 258,000, signaling weakness in the labor market, which could increase demand for safe-haven assets like gold. Overall Impact : Easing inflation and rising unemployment support gold prices, but persistent inflation could lead the Fed to keep interest rates high, limiting gold’s upward potential. Now, let's go to the Technical Analysis of the Gold chart in the 1-hour time frame . First, I must say that Gold moved very well according to the previous analysis ✅. Gold ( OANDA:XAUUSD ) is moving near the Descending Channel's upper line and the Resistance zone($2,640-$2,620) . I expect Gold to break the Resistance zone($2,640-$2,620) after breaking the descending channel and rise to at least $2,640 . ⚠️Note: If gold goes below the Potential Reversal Zone(PRZ), there is a possibility of breaking the Support line and the Support zone($2,600-$2,580).⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
Gold Analysis==>>Symmetrical TriangleGold seems to have succeeded in breaking the Uptrend line and has also formed a Symmetrical Triangle pattern . According to the Elliott wave theory , Gold has succeeded in completing the main 5th wave . I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle . ⚠️Note: Tensions in the Middle East can directly affect the trend of Gold, so pay more attention to capital management.⚠️ Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
9
Gold Spot (XAU/USD): Bulls Target Higher Groundshello guys. most important points: Weak Quasimodo (QM) Resistance: The price hit a weak QM resistance of around 2,655 but failed to drop significantly. This shows the bears don’t have much power here, making it a softer resistance level. Liquidity Grab & Reversal: We can clearly see a liquidity grab below the previous lows, where the market wicked down to trigger stop-losses of buyers. After this, the price reversed sharply, which is a common signal of strong buyer interest. Support at Quasimodo Line (QML): The price touched the QML support level at 2,640 almost perfectly, respecting this key level. This sharp reaction suggests that this area is acting as a firm base for the next bullish leg. Bullish Momentum Building: After hunting the stops, the price started a steady climb. Buyers are starting to step in with confidence, and the momentum looks bullish. Target in Sight: With the current momentum, the price is likely to test the next target level around 2,679, as indicated by the arrow pointing upward. If buyers maintain control, this level will be the next resistance zone. Conclusion: Bullish Bias: After grabbing liquidity, the market seems ready to move upward. As long as the 2,640 QML holds, bulls are likely to push toward the 2,679 target. What to Watch: Look for continued support above the QML area and any signs of exhaustion near 2,679, which could signal another reversal or continuation pattern. ___________________________ ✓✓✓ 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
OANDA:XAUUSDLong
by melikatrader94
11
What will happen given the tensions?The price is in an ascending triangle and an upward channel, and with the tensions, this will cause us to touch the previous price ceiling again. As tensions rise in the Middle East, TVC:USOIL and CAPITALCOM:GOLD prices will rise. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDLong
by CobraVanguard
1