Get started

Goldupdate

I will only say a single word: Gold!I will only say a single word: Gold. Yes, just gold. Do not forget; "Madness only comes to those who think the most" Gold is at its highest high in history. We know that the metal in question is considered a protective reserve for our fiat currencies. But what explains this sudden rise? Is this increase linked to the "wars" that are taking place around the world, which directly affects the economies of countries considered developed, spilling over directly to the rest of the world, the so-called emerging countries, causing "investors to stay away from investments" and keep your rich money in American bonds that are paying attractive rates? However, something else comes to mind. But if American debt also increases at the same speed as gold, is it really wise to put our money in bonds (of any country) that are directly linked to fiat currencies and not in the precious metal? We have many questions that must be weighed in order to truly make a decision. I feel like we're at a moment that I can call more or less like this: "If we run, the animal will catch us, if we stay, the animal will eat." People want to find a way out, unfortunately there is no way out, there are only paths that we must choose to prepare ourselves for any eventuality that may happen in the future! According to the previous analysis and graphically speaking, gold is in a region of resistance as indicated by the SETUP used. This unknown region (resistance) in 2422 is imposing a less appetizing pace for the metal, setting precedents for us to have a correction until 2210. But it is clear that if the SETUP used is correct, where today we have resistance at 2422 (exact place where prices are respecting), and there is such a correction at 2410, this leads me to think only of a pattern called "pull back " bullish continuation. What a thing, right? I make it clear in the image below; prices fully respected the upward channel suggested by SETUP, therefore, I trust the chart pattern more than the current market. And as I always say, and I've said it for a long time thanks to years of observation: "THE SETUPS DON'T LIE, BUT THE MARKET YES-or- DOES!". Check out all my previous analyzes on gold by clicking here, and see if the SETUP'S lie! Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes below.
OANDA:XAUUSD
by MacD_Bollinger
XAU/USD 26 March 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains unchanged since last analysis dated 22/03/2024 -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low. Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS. As mentioned on 22/03/2024, Intraday expectation is for price to react H4 POI to then target fractal high, which is currently underway. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bullish. Price printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates last week. Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's Analysis on 22/02/2024 was for price to indicate initiation of pullback by printing a bearish CHoCH which was denoted with a blue dotted line. Price printed this. Due to the size of the internal range I plotted sub-internal range, which is denoted in red, to gain a micro-view of price action. Sub-internal structure has now switched bullish in-line with internal and swing structure. Intraday expectation is for price to target weak internal high which is denoted by blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD Shorts from 2052.000 or 2072.000 back downMy outlook for gold this week leans towards a potential retracement following its recent upward bullish momentum. I anticipate a temporary sell-off from the 15-hour supply zone I've identified, or a scenario where the equal highs gets taken and reaches the 4-hour supply zone above. Additionally, there's a trendline forming below, coupled with numerous untouched Asian lows. While this temporary bias diverges from my overall outlook, I'm particularly intrigued by the possibility of a significant buying opportunity around the 1990.000 level. Should the price not reach that point, I'll patiently await for a new, clear demand zone to consider as a potential buying opportunity. Confluences for Gold Sells are as follows: - Price swept liquidity and formed a 15-hour supply zone that's been unmitigated. - Nice trendline liquidity has been building below that needs to get taken. - Lots of Asian lows below as well as a daily demand that needs to be mitigated. - Price has been moving very bullish and is due for a pullback/retracement. P.S. Given that this is a counter-trend concept, I'll exercise extra caution and ensure that all my confirming factors align before proceeding. Additionally, I'll reduce my risk accordingly. The objective is to initiate sells aiming towards a better demand zone. HAVE A GREAT WEEK TRADERS!
OANDA:XAUUSDShort
by Hassan_fx
2
XAUUSD:30/10 Today’s Trading StrategyThe three positive lines of the Golden Week rose strongly. After a long period of consolidation last week, at the end of the day, heavy volume broke through the high point and stood firmly above the 2000 mark. After the daily line continued to consolidate and gain momentum, it closed the positive line again and continued to rise. The daily line is bullish. The weekly positive trend has been strong. The previous retracement low serves as the critical point for bulls this week, and the short-term rise will further continue. The next goal is most likely to challenge the previous high. ​ The 4-hour chart gathers momentum around the middle track, and then cooperates with the big positive line to pull up and close at a high level. The bulls consolidated strongly to replace the callback. The previous low of 1953 served as the rising low of the second wave. After pushing through the high, it formed the rising trend of the second wave. The high of 1990-1995 was converted into today's support. The high trend will continue at the beginning of the week. It is expected that Asia If the market pulls back slightly, the European market will move higher. The 1-hour chart consolidated and corrected after a wave of positive gains, pulling up and closing at a high level. It is recommended to go long on dips today. BUY:1994~1996 SL:1989 TP1:2001 TP2:2006 SELL:2016~2018 SL:2021 TP1:2010 TP2:2004
OANDA:XAUUSDLong
by ActuaryJ
🟡GOLD UPDATE. Unclear again, wait for development.🟡On gold, entering a period of unclear back and forth, possible reaccumulation before moving up again, best to step away and wait for clear development of the price Check previous ideas for more context. Good luck. ☝️Dear traders, no one here has superpowers, and I'm as well just a human. Please take everything with a degree of doubt and critique. I'm just sharing my view and one of the possible scenarios of price action. When I enter I try to predict as little as possible and actually follow what the market is doing, joining the market and not arguing with it or forcing my will. Have good trading, keep a constant flow of self-awareness, and do your best. 🙌 ☝️Disclaimer: ALL ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
OANDA:XAUUSD
by Yelli_trades
25
Bitcoin, GOLD, and SLV Rose Sharply from Israel-Hamas WarCommodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. GOLD had a bullish bounce off the light blue trend line at $1,808 on Friday October 6 (marked by the orange circle). The Israel-Hamas conflict started on Saturday, and on Monday GOLD opened with very bullish price action that started the rally. Key Price Levels: GOLD has breached a key $1,989 yellow resistance level on this move up, and $2,073 is the next key resistance target if GOLD continues to trend upwards. The $1,989 resistance level has been suppressing GOLD's price since May 2023, and GOLD managed to finally breach this level in just a few weeks. It seems that the war is contributing to bullish price action for GOLD, SLV, and Bitcoin.
TVC:GOLD
by realchartchamp
XAUUSD:20/10 Today’s Trading StrategyDuring the Asian trading session on Monday, gold opened at 1964.81 after opening sharply lower at about $15. Last Friday, gold prices closed at 1980.24. However, the rebound in gold prices was blocked after a sharp gap and opened low, hitting a low of 1964.23. Regarding the trend of the gold market, we can see that the price of gold fell significantly in Monday's trading. This decline is related to concerns about the global economic recovery and declining investor demand for safe-haven assets. In addition, the recent uncertainty of the domestic political situation in the United States has also had a certain impact on the trend of gold. Gold opened lower today and showed a downward trend, stabilizing and fluctuating after hitting $1,964. A small Yang line with an upper shadow line appeared at the daily level, and gold broke through upward for five consecutive days, starting a new upward trend. Gold is looking for support after today's lower open. From a four-hour perspective, gold is currently running in a strong upward channel. After breaking through the high of $1964 for the first time last Wednesday, gold experienced a correction and subsequently broke through to the high of 1997. The original resistance level was converted into a support level. The starting point below 1950 is also a relatively strong support level. Therefore, in terms of intraday operations, it is recommended to consider placing long orders as the main option during the retracement and short orders as the supplement. At the bottom, we need to pay attention to the support level of 1964-1950. If the stop loss of 1964 breaks downward, then the bottom can continue to increase near 1950. The top needs to pay attention to the break of 1997. If this position is broken, then 2000 will definitely form a short-term support, and it will continue to rise. Break through the 2020 position. SELL:1982-1984 SL:1889 TP1:1976 TP2:1970 BUY:1964-1966 SL:1960 TP1:1972 TP2:1978
OANDA:XAUUSD
by ActuaryJ
🛑Will gold fall again?🛑🔔As geopolitical issues escalate, gold and oil have experienced a very short period of alarming growth! 🛑At the same time, the prospect of the U.S. Federal Reserve keeping interest rates on hold further accelerates gold's rise... 🛑Inflation in the United States remained relatively stable and inflation excluding fuel and food fell in line with forecasts, bringing the central bank's policy forecast to 89.1%. 🔔Speculation that the U.S. Federal Reserve may leave interest rates unchanged in November could push gold even higher. 🔔MAYBE NEW ALL TIME HIGH?🔔
OANDA:XAUUSDLong
by BullishTraders88
6
GOLD : New week GOLD New forecast Gold achieved with us all the downward targets mentioned in my analyzes last week, and I mentioned that the movement would be strong to contradict the general downward channel, and this is what actually happened, so prices fell to the price equilibrium levels for gold, which extend from levels to 1845. Last week, gold formed a weekly peak at the 1927 level, and gold breaking the 1916 level facilitated the downward path for gold to form a weekly bottom at the 1846 level. As for the basic level: 1- The US dollar after the green light from the Federal Reserve on the possibility of raising the interest rate in the coming months of the current year, and the data supporting its rise against metals and other currencies. 2- A record rise in the rate of most US Treasury bond futures, which is considered a graveyard for gold. 3- The rise in oil prices this month and the US stockpile is days away from running out. (Will we witness a rise in prices if the US government decides to buy oil at current prices? This will inevitably lead to a rise in the inflation rate and thus a definite rise in the US interest rate) We have important news this week ISM Manufacturing PMI (September) Federal Reserve Chairman Powell speaks Job Opportunities (JOLTs) (August) Unemployment complaints rates Private sector employment report (September) Unemployment rate (September) Technical abstract : In the 4H time frame The price of gold continued to decline, breaking the 1873 level and closing the daily candle below it, as it succeeded in touching our new expected target at 1845. We expect the decline to continue once the 1845 level is broken and stabilize below it to achieve additional negative targets starting at 1825 and extending to 1810. Therefore, the downward trend will remain valid and effective for the coming period, supported by the negative pressure formed by the downward channel and the strength of the dollar during this period, keeping in mind that breaching 1873 will stop the expected decline and lead the price to begin recovery attempts in the immediate term. in the weekly time frame As we see the price formed a strong support zone at 1800 - 1810 ,so we expect the price will try to touch it and then will bounces from that area and build a positive momentum to rise up and and reach to 1873 to coming out from under negative pressure ,keeping in mind that breaching 1800 the price will be continue at the bearish trend until 1772. support line : 1810 , 1800 resistance line : 1873 , 1894 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSD
by Arazmajeed
4
GOLD forecast 18June2023I have two options for analyzing the movement of GOLD. The first option is that the price is in a bearish channel and is trying to retest the trendline before finally going down to the SnD area. Or maybe the second option is that the price is in a sideways trend, where the price will move up to the resistance, if the blue box resistance is indeed responded positively, then the price should go back down. sometimes we are placed in several choices, when this happens we should still wait for confirmation in the form of patterns, candles or maybe indicators, after there is confirmation we can react better.
OANDA:XAUUSD
by Hokusai_FX