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XAUUSD: Wait for gold to rebound and continue sellingThese past few days, I've been consistently pointing out that gold has reached its peak, and today is no exception. I'm preparing to sell again at the rebound high around 2342-2340. From a technical perspective, the current hourly moving average for gold has started to turn, and the MACD indicator has formed a death cross pattern. Additionally, it has already broken below the support of the dual moving averages and is being suppressed by a downward trendline. The fact that it rebounded this morning to 2346 and then fell under pressure again indicates a high likelihood of continued oscillation and decline. So, we shouldn't rush; instead, we should patiently wait for the rebound to around 2340 before selling again. After each market movement, it's a baptism for those involved. Some are overjoyed, while others are once again taught a lesson by the market. Market trends change in an instant; sometimes, within a second, the trend can shift. That's why it's crucial not to be stubborn. If you're wrong, don't stick to it stubbornly. As the saying goes, "If you leave with a green mountain, you won't worry about firewood." Lately, gold has been oscillating within a large range without a clear one-sided trend. In the past few days, gold has been fluctuating back and forth. Since it can't break new highs, it's likely forming a topping pattern at high levels. Additionally, short-term indicators are starting to turn bearish. After the market's turbulence settles, a major trend will emerge. Once the major trend is established, we'll continue to thrive with the prevailing trend.
OANDA:XAUUSDShort
by Golden-Strategy-Master
3
XAU/USD 11 April 2024 Intraday Analysis H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run following the Fed's dovish outlook. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Bearish CHoCH is now confirmed. Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: Bias/Analysis remains the same as yesterday's analysis dated 10 April 2024. -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bearish. Due to the range of internal structure I have mapped sub-internal to gain a micro-view of price action. Sub-internal structure is denoted in red with current sub-structure being bearish due to bearish iiBOS. Price has pulled back following bearish iiBOS and reacted at premium EQ of the sub-internal range. Current intraday expectation would be for price to target weak internal low of the sub-structure. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: 9/4 Today’s Analysis and StrategyGold was helped by central bank buying and geopolitical tensions, with strong economic data failing to dampen the metal's appeal. In recent times, the price trend of gold has attracted much attention, and today the price of gold hit a new high again. Gold has had a meteoric rise over the past two weeks or so. Still, a generally positive tone for equities amid easing geopolitical tensions in the Middle East limited further gains for the safe-haven metal amid extreme jitters on the daily chart. Ahead of this week's U.S. CPI data and the Federal Reserve meeting minutes, some bulls may choose to take profits and trigger a short-term correction in gold prices. Now that the gold price has strongly exceeded the 2350 mark, it is expected to rise towards the 2380-2400 area. There are few economic data on this trading day. We will focus on the market’s expectations for the U.S. CPI data for March that will be released on Wednesday, and pay attention to the situation in the Middle East. gold analysis Daily resistance is 2400, support below is 2300-2280 Four-hour resistance is 2370, support below is 2342-2330 ✅Gold operation suggestions: Judging from the current market trend, focus on the strong support of 2328-2330 below, and the short-term long and short dividing line of 2328. Go long when reaching strong support, gold breaks through history again, short sellers will not participate for the time being BUY:near 2330 BUY:near 2340 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
GOLD SELL | Idea Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
1
XAUUSD:CPI is coming, what should we do? two strategiesFirst, let’s take a look at the current situation of gold: At present, the 30-minute moving average of gold has begun to turn, and the strength of the rise has gradually become insufficient. In the past two days, gold has begun to no longer be unilaterally strong, and has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and failed to break through new highs. Due to The rebound highs of gold are successively lower. If the rebound does not break new highs, you should be bearish on it. On the contrary, if it breaks new highs, you should adjust the direction in time and wait for opportunities to be bullish. Therefore, combined with the current market resistance and support, I give the following operational views for your reference! The soon-to-be-released CPI data is important data, and gold will fluctuate greatly by then. The short-selling strategy is that if the data does not break through to a new high after the data is released, then short gold in the range of 2365-2360, the high point, or you can set a limit order in advance. . If the CPI data exceeds expectations and directly breaks through the historical high, do not chase the rise and just look for the right buying opportunity. The above are all my thoughts for today, I wish you all good luck!
OANDA:XAUUSDShort
by Golden-Strategy-Master
Gold Rush 2.0: Will the Metal Continue its Climb?Gold has been on a tear in 2024 fueled by a confluence of global uncertainties, the precious metal has seen its price surge nearly 20% since mid-February, reaching a series of all-time highs.expand_more But according to macro fund managers interviewed by Bloomberg, this rally might just be getting started. The Allure of Gold: A Safe Haven in Tumultuous Times Gold has historically been a safe-haven asset, a reliable store of value during times of economic or political instability.expand_more Investors flock to gold when traditional investments like stocks and bonds become volatile.expand_more This is precisely what we're witnessing in the current market climate. • Geopolitical Tensions: The ongoing conflict in the Middle East and the simmering tensions between Russia and Ukraine are creating a sense of unease on the global stage. Investors seek the stability that gold offers during such periods.expand_more • Inflationary Pressures: Inflationary concerns are rising worldwide.expand_more As the purchasing power of fiat currencies erodes, gold, with its long history of holding its value, becomes a more attractive investment.expand_more • Central Bank Policy: The Federal Reserve's potential interest rate cuts this year are another factor driving investors towards gold.expand_more Lower interest rates decrease the opportunity cost of holding non-interest-bearing assets like gold, making them relatively more appealing.expand_more Macro Fund Managers See Further Upside Macro fund managers interviewed by Bloomberg are bullish on gold's future. They believe the factors currently driving the price increase are likely to persist, fueling further gains.expand_more Here's a closer look at their reasoning: • Persistent Geopolitical Tensions: Unfortunately, there's no clear resolution in sight for the ongoing geopolitical conflicts. These tensions are likely to continue feeding the demand for safe-haven assets like gold.expand_more • Inflationary Trajectory: Global inflation is expected to remain elevated for the foreseeable future.expand_more This will continue to push investors towards gold as a hedge against inflation. • Central Bank Dovishness: If central banks maintain a dovish stance on interest rates, it will further bolster the appeal of gold.expand_more Beyond the Bullish Sentiment: Examining the Landscape While the outlook for gold appears optimistic, there are other factors to consider: • Strength of the US Dollar: The US dollar, often seen as a competitor to gold, remains relatively strong.expand_more A significant weakening of the dollar could further accelerate gold's rise.expand_more • Stock Market Performance: A strong rebound in the stock market could potentially pull some investors away from gold. However, the current market volatility suggests that such a rebound might be unlikely in the near future. • Consumer Demand: Gold's allure extends beyond its role as an investment. Physical demand for gold in jewelry and other applications can also influence the price.expand_more Gold vs. Other Safe-Haven Assets: While gold is the traditional safe-haven asset of choice, investors also consider other options, such as: • Treasury Bonds: Investors seeking low-risk alternatives might favor US Treasury bonds, especially if they anticipate interest rate cuts. • Cryptocurrencies: Bitcoin, often touted as "digital gold," has seen increased adoption as a safe-haven asset in recent years.expand_more However, its inherent volatility may deter some investors. The Final Verdict: A Golden Opportunity or a Glimmering Bubble? The near-20% surge in gold prices since mid-February presents an intriguing opportunity for investors.expand_more However, the future trajectory remains uncertain. Carefully consider your risk tolerance, investment goals, and overall portfolio allocation before making any decisions. Investing in Gold: A Look at the Options There are several ways to invest in gold: • Physical Gold: Purchasing physical gold bars or coins offers direct ownership of the metal.expand_more However, storage and security costs need to be factored in. • Gold ETFs (Exchange-Traded Funds): These offer a convenient and cost-effective way to invest in gold without the hassle of physical storage.expand_more • Gold Mining Stocks: Investing in gold mining companies can offer leveraged exposure to gold price movements.expand_more However, this route comes with additional risks associated with the company itself.exclamation Conclusion: Weighing the Evidence Gold's recent price surge and the optimistic outlook from macro fund managers suggest that the yellow metal's ascent might not be over.expand_more However, a multitude of factors can influence its price.expand_more By staying informed about global events, economic data, and central bank policies, investors can make informed decisions about whether to include gold in their portfolios.expand_more Remember, diversification is key, and gold should be viewed as a complementary asset class rather than a standalone investment.expand_more
OANDA:XAUUSDLong
by bryandowningqln
XAU/USD 10 April 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as yesterday's analysis dated 09 April 2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run following the Fed's dovish outlook. Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bearish. Due to the range of internal structure I have mapped sub-internal to gain a micro-view of price action. Sub-internal structure is denoted in red with current sub-structure being bearish due to bearish iiBOS. Price has pulled back following bearish iiBOS and reacted at premium EQ of the sub-internal range. Current intraday expectation would be for price to target weak internal low of the sub-structure. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: 8/4 Today’s Analysis and StrategyDaily resistance is 2354, support below is 2300-2276 Four-hour resistance 2342-54, support below 2300-2276 Gold operation advice: From the perspective of the general cycle trend of gold, the gold weekly maintains an upward trend, with high points being refreshed again and again, with the target targeting 2400. Although there is hope that it will continue to break through, it will take time. The weekly trend has been rising in recent weeks. Large fluctuations, but the general direction remains unchanged On Monday, gold opened lower and hit a low near 2304. Today, focus on the 2300 integer and 2276 support below. The upper resistance is 2342 and 2354. The short-term long-short dividing line is 2305. Fall back to this position and continue to go long. BUY:2305 near BUY:2276 near SELL:2354 near
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD:Trading ideas for next Monday Today's NFP data is bearish for gold. After a rapid decline, it rebounded and reached a new high near 2330. The 30m chart has already diverged, and there is a need for repair. Therefore, after the market opens next week, the idea is to go short first and observe the support in the 2318-2312 range. If it falls below, consider around 2305, followed by around 2286. Under normal circumstances, the Asian market will not fluctuate much, so the probability of falling to around 2286 is not high. Just observe around 2305.
FOREXCOM:XAUUSDShort
by Allen_Ex
XAU/USD 08 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook. Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS since weekly analysis dated 07 April 2024 where price continues to print all time highs. Price is once again trading within internal low and fractal high. First structural sign, but not confirmation that pullback is about to initiate is a bearish CHoCH, which is positioned at the same level as the internal low. Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high. Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report, what can we said during the early part of the week we wouldn’t be looking to long the market, instead, we would look for a high to form and then short the market back down in to 2230 and below that 2220. We got the short into the initial levels which is where we suggested during the week that traders take the trades and wait for a RIP. We gave the bias level targets as bullish above 2220 and long trades to be take into 2250 and above that 2286 on the bounces, which as you can completed. Then came NFP and the long trade from the support level, again giving us a great capture enabling us to have traded this down and then up again level to level almost pip to pip entry and exit. Please be aware, these levels are not small captures, you only need to look at the chart posted to see the distance that has been covered in this play. Great week for us in Camelot, not only on Gold, but on the numerous other pairs we trade. Hit rate was amazing, pip capture through the roof! So, what can we expect in the week ahead? Quick and simple KOG Report this week. Caution again on going long too high up as any movement like we’ve seen in the opposite direction will not give you time to manage your trades. Keep your lot sizes in check and make sure you're risk model is up to scratch. This is no normal market, we're in unprecedented times and markets reacting in extremes! For this week, we’re looking at a potential stretch on gold so please be careful! These levels are to be tested, but one more little move to the upside to get the ideal entry would be perfect for us. So, we have the initial resistance right here on the close 2230-35, if held there is an opportunity to short the market back down into support regions 2310-05 which is where we want to see what happens and look for a potential RIP. A break here is what is needed for the price to continue downside, otherwise one more swing higher into the order region 2345-50 could be available which is where the ideal short may come from! Longs higher up are risky as the turn can be sudden and will leave traders left hanging a region where data is lacking, so caution please unless you’re scalping for quick captures from the intra-day levels we posts as well as the red boxes. Use the levels on the chart and use the intra-day levels, don't marry the trade, don't marry the position. When you trade like this, it doesn't matter where the market goes, you trade it, take what it gives and come back again when your set up is right. It’s really as simple as that this week, price goes up into our levels, we want to test the shorts, comes down we’ll either test the longs, or wait for the potential stretch and then short it from higher up. KOGs bias for the week: Bearish below 2350 with targets below 2310 and below that 2280 Bullish again on break of 2350 with targets above 2365 and above that 2372 Range in play – Support 2255 / Resistance 2372 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
XAUUSD: 3/4 Today Analysis and StrategyGold continued its gains on Wednesday and then began to fall after reaching 2288. Traders snapped up safe-haven assets amid rising tensions in the Middle East. Largely ignored, a stronger U.S. dollar and bets on U.S. interest rate cuts have sent gold prices to another record high. Data released on Monday showed that U.S. manufacturing activity expanded in March for the first time in a year and a half, and the dollar jumped in response. After the data was released, traders saw the probability of a rate cut in June falling to 58% from around 60% previously. However, speeches by Fed officials and a mild slowdown in employment data on Tuesday pushed expectations for a rate cut by the Fed in June back up slightly to around 64%. Gold continues to break historical records after news of an Israeli airstrike on the Iranian embassy in Syria was released. Investors seeking a safe haven as geopolitical risks intensified rushed to pursue gold. At the same time, gold prices have risen 14% since mid-February this year on signs that a much-anticipated U.S. Federal Reserve policy shift is nowhere in sight. This week, investors will focus on the U.S. non-farm payrolls (NFP) data for March, which will be released on Friday. Labor market data could provide clues as to when the Federal Reserve will begin cutting interest rates. Daily resistance is 2300, support below is 2229 Four-hour resistance is 2290, support below is 2270-46 Gold operation suggestions: Yesterday, the gold price received support at the 2250 mark and ushered in a strong effort to break the all-time high. The short-term support is 2070-60 below. The dividing line between long and short is currently around 2246 below. Pay attention to the situation of breaking new highs and 2300 above. BUY:2267~2270 BUY:2260~2255 BUY:2246~2250 SELL: near 2290 SELL:near 2230
OANDA:XAUUSDLong
by ActuaryJ
XAU/USD 08-12 April 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level. Price is now trading within a fractal high and internal low. Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level. Weekly Chart: Daily Analysis: Analysis/Bias remains unchanged since last daily analysis dated 20/03/2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line. As mentioned on 31 March 2024, price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent as the CHoCH has been brought considerably closer. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook. Price has printed further highs since last Friday's analysis dated 5 April 2024 where we continue to trade within a fractal high and internal low. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case. Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD (GOLD) Analysis I Pullback and more growthWelcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSDLong
by BKTradingAcademy
1
Extension Bull Fibs on Gold show 2250 Target In ReachGold: 60 Minute, Fibonacci . . . I have much better bearing as to where and why this market is moving. All Month of March we have been trading an extension at the 38.2% line. We hit it's target on March 20th. Extension rules generally mean we trade the same anchor to new highs to get the retracement. We traded the retracement on March 23-24 and have been going up ever since. The objective for this new anchor is still higher, 2254.30.
OANDA:XAUUSDLong
by CeresTrader
XAU/USD 05 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook. Price has printed further highs since yesterday's highs (04-04-2024) where we continue to trade within a fractal high and internal low. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case. Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS where it continues to print all time highs. Price is trading within internal low and fractal high. First structural sign, but not confirmation that pullback has initiated is a bearish CHoCH, which is denoted by a blue dotted line. Yesterday's intraday expectation was met again. Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high. Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
THE KOG REPORT - NFP (Are we going higher?)The KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. We’ve done well on Gold so this NFP we’re really not looking for get involved in the play unless we see price approach extreme levels! We’ve managed a long, we’ve managed a short but with this move, it’s likely we’re going to see some stop loss hunt activations and swings in both directions, so please play defence. We have the immediate resistance levels above 2305-8 which if targeted and held would be the first reaction point we can see on the chart, that’s if the support level 2270-65 manages to hold up the price on the release. Ideally, we want to see that level above break higher and tap into that extreme level above 2230-37 which is where, if we see a decent set up and clean reversal, we feel the opportunity to short the market will come from. On the flip, looking below, again the support level 2270-65 could be the swoop, and if broken, we will be looking to hold any runners from above down into the 2230-35 region and below that 2220-25 as per the KOG Report on Sunday where, if price is held, supported and we see a clean set up, we feel an opportunity to long the market again is on the cards. It’s a simple one this time, not going to risk getting into the market for cheap pips with the way they have been behaving lately. Look for the extreme levels or stay away and come back on Monday. Remember, the trade comes after the event! Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
10
Get in on the Gold Rally as China and India Horde Supply!As many of you may know, China and India have been hoarding gold supply, causing a surge in demand and driving up prices. This is a clear sign that now is the perfect time to invest in gold and take advantage of this rally! Gold has always been a safe haven asset, especially during times of economic uncertainty. With the global economy facing challenges from the ongoing pandemic and geopolitical tensions, gold is a smart investment choice to protect your wealth and diversify your portfolio. So, don't miss out on this golden opportunity to capitalize on the current gold rally. Take action now and invest in gold to secure your financial future. Let's ride the wave of this gold rally together and see our investments grow!
OANDA:XAUUSD
by bryandowningqln
XAU/USD 04 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low. Further new high has meant location of ChoCH has been brought closer to current price. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case. Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS where it continues to print all time highs. Price is now contained within bullish internal structure after confirmation of bearish ChoCH. First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed. It would be useful to note previous iBOS and bearish CHoCH which eventually lead to a further bullish iBOS as opposed to pullback initiation. This is primarily why the CHoCH should not be used as confirmation, rather weak indication. Yesterday's intraday expectation was met. Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high. Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Above 2260, gold will continue its bullish patternDear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the expansion of the situation in the Middle East and the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have made up for the rise, boosting the upward trend of gold. Judging from the current gold trend pattern, gold breaks through new highs each time, then pulls back to determine support, and then climbs upward again to set a new high. In other words, during the rise, it is accompanied by a correction of sweeping space. However, according to the current trend,gold remains on a strong upward trend. For current trading, due to the irrational market, technical analysis is lagging behind, and market sense and flexibility have become the most important. At present, for gold, I think there are profit opportunities for long gold or short gold. The key is to grasp the trading rhythm. First, the current short-term support is located in the 2268-2266 area, and secondly, it is located in the 2260-2258 area. Therefore, in short-term trading, we can do long gold in batches around these two areas. The top currently reaches the highest level near 2288, and is facing psychological pressure at the 2300 integer mark. Therefore, in the short term, we can short gold in batches in the 2290-2300 area and make mid- and long-term plans. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDLong
by Trader_Manuel
XAU/USD 03 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low. further new high has meant location of ChoCH has been brought closer to current price. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case. Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS where it continues to print all time highs. Price is now contained within bullish internal structure after confirmation of bearish ChoCH. First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed. Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ (which price is currently doing) of the internal structure before price targets weak internal high. Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate. M15 Chart:
OANDA:XAUUSD
by Khan_YIK