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XAU/USD Outlook ICT ConceptsGold (XAU/USD) Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: After sweeping the previous month's high and the buy-side liquidity (BSL) above it, the price displaced lower. 📍 Current Market Overview: The current price is around 2393.475. We need one of the key levels, such as the previous week's high or low, to be taken to discuss the big picture trend. 🔍 Identifying Key Levels: PMH: Previous Month High PWL: Previous Week Low PWH: Previous Week High BSL: Buy-Side Liquidity Minor BSL: Minor Buy-Side Liquidity EQL: Equal Lows Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe 4H FVG: 4-Hour Fair Value Gap, highlighting areas of imbalance on the 4-hour timeframe 📊 Key Considerations: Current Price Position: The price is trading around 2393.475, with a recent sweep of the previous month's high and the BSL. Key Levels Swept: The price displaced lower after sweeping the previous month's high and BSL. Potential Retracement: We can expect the price to sweep the Minor BSL and tap into the 4H FVG, then continue lower. If the 4H FVG fails to hold, we wait for the previous week's high for confirmation. 📈 Bearish Scenario: Given the current price action and key considerations, a bearish scenario is possible if the following conditions are met: Sweep of Minor BSL: After sweeping the Minor BSL and tapping into the 4H FVG, we can expect the price to continue lower. Failure of 4H FVG: If the 4H FVG fails to hold, wait for the previous week's high to be taken before reassessing. 📉 Bullish Scenario: A bullish scenario is likely if the following conditions are met: Sweep of PWL: The previous week's low needs to be taken, or at least a lower time frame resistance sell-side liquidity should be taken, to consider long positions. 📊 Chart Analysis Summary: Bearish Expectation: The expectation is for the price to potentially sweep the Minor BSL and tap into the 4H FVG, then continue lower. If the 4H FVG fails to hold, wait for the previous week's high. Bullish Expectation: For a bullish scenario, the previous week's low needs to be taken, or at least a lower time frame resistance sell-side liquidity, before considering long positions. 🙏 Thank you for joining us! Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
OANDA:XAUUSD
by RealArmin
XAUUSD - 1H a modest rise before more fallOANDA:XAUUSD I anticipate a modest rise in gold prices from the current support levels, which should serve as a pullback before a further decline. The technical analysis indicates strong support at the bottom of the trading range and the current support level, suggesting a temporary upward movement. In the political arena, recent news that President Joe Biden has dropped out of the presidential race has significant implications. Vice President Kamala Harris has been introduced as his successor, altering the dynamics of the upcoming election. This shift has also led to a decrease in former President Donald Trump’s chances of reclaiming the White House. These political developments add a layer of uncertainty that typically benefits gold, a traditional safe haven asset.
OANDA:XAUUSDLong
by Sober_Trading
XAU/USD Outlook ICT ConceptsGold Analysis (XAU/USD) 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡Previous Analysis Review: In the previous analysis, we expected the price to expand higher, which it did, followed by a strong sell-off. 📍Current Market Overview: Currently, the price is around 2,401.075. We can foresee the price potentially sweeping the previous week low and tapping into the daily Fair Value Gap (FVG) below. After this, a retracement higher to fill out the imbalances left after the sell-off is likely. 🔍 Identifying Key Levels: The chart highlights several significant levels and zones influencing the current market behavior: ATH (PWH): All-Time High (Previous Week High) PWH: Previous Week High PWL: Previous Week Low PML: Previous Month Low BSL: Buy-Side Liquidity SSL: Sell-Side Liquidity Daily FVG: Daily Fair Value Gap BRK: Breaker MSS: Market Structure Shift 📊 Key Considerations: Current Price Position: The price is trading around 2,401.075, after sweeping the previous week high and experiencing a strong sell-off. Daily FVG: The Daily Fair Value Gap is expected to act as a significant support zone if the price reaches it. SSL Levels: These levels below the current price are significant areas to watch for a potential retracement and liquidity grab. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: Sweep PWL: The price may sweep the previous week low (PWL). Daily FVG Tap: A potential tap into the Daily Fair Value Gap (FVG) could provide support. Retracement Higher: After sweeping the PWL and reacting at the Daily FVG, we can expect the price to retrace higher to fill out the imbalances left from the sell-off. 📉 Bearish Scenario: A bearish scenario should be considered if the following conditions are met: Minor Buy-Side Liquidity Taken: For any short case scenario, we need minor buy-side liquidity (swing points) to be taken first. Continuation Lower: After taking out the buy-side liquidity, the price may continue lower. 📊 Chart Analysis Summary: Bullish Expectation: The expectation is for the price to potentially sweep the PWL, tap into the Daily FVG, and then retrace higher to fill imbalances. Bearish Expectation: For a bearish scenario, we need minor buy-side liquidity to be taken out first before considering short positions. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 Thank you for joining us! Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
OANDA:XAUUSD
by RealArmin
GOLD Heading to the 2500$ zone(7/16/2024)After a long and intense Correction, Gold made a Lower high and finally broke the correction trendline and made some upward moves. In this way, NFP and CPI data helped the price reach higher. Right now, the price will move a little higher, after some corrections, Gold will head for the 2500$ zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
OANDA:XAUUSDLong
by fortunamarkets
XAU/USD Outlook ICT ConceptsGold Spot (XAU/USD) Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 🔍 Identifying Key Levels The chart highlights several significant levels and zones that influence the current market behavior: • PMH & PML: Previous Month High and Low, serving as significant resistance and support levels. • PWH & PWL: Previous Week High and Low, critical for understanding recent market structure. • Daily FVG: Daily Fair Value Gap, indicating areas of market imbalance. • IFVG: Inversion Fair Value Gap, indicating a shift in market sentiment. • BSL: Buy-side Liquidity, areas where buy orders are placed. • Key Fibonacci Levels: Important retracement levels that align with Daily FVG. 📊 Key Considerations • Discount Zone: Currently, the price is in a discount zone, indicating a potential sell-off area. • IFVG Hold: The Inversion Fair Value Gap is holding the price, showing it as a significant support level. • Daily FVG: The price can retrace back into the Daily Fair Value Gap and then continue higher, targeting the previous week high. • Fibonacci Levels: The Fibonacci retracement levels (0.5, 0.62, 0.705, and 0.79) align with the Daily FVG, providing strong confluence for potential long scenarios. 📈 Bullish Scenario Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Retracement to FVG: The price retraces back into the Daily Fair Value Gap, aligning with the key Fibonacci levels. • Continuation Higher: After the retracement, the price continues higher, targeting the previous week high (PWH). • Lower Time Frame Confirmation: Look for bullish price action on lower time frames, such as a breakout above minor resistance or bullish candlestick patterns, to confirm entry points. 📉 Bearish Scenario A bearish scenario should also be considered if the following conditions are met: • PWH Taken: The price takes out the previous week high, indicating a potential exhaustion of the upward move. • Minor Buy-side Liquidity (BSL): On a lower time frame, look for the price to take out a short-term high, which acts as a minor buy-side liquidity level. • Continuation Lower: After taking out the BSL, the price may start a downward move, potentially revisiting support levels such as the Daily FVG or lower Fibonacci levels. 🔄 Lower Time Frame Confirmation For both bullish and bearish scenarios, using lower time frame confirmations can enhance the trade setup: • Creating Low Resistance Liquidity: Look for the creation of low resistance buy-side or sell-side liquidity zones on lower time frames (e.g., 1-hour or 15-minute chart). 📊 Chart Analysis Summary The price is currently in a discount zone, suggesting a potential sell-off. However, the Inversion Fair Value Gap (IFVG) is holding the price, indicating significant support. The expectation is for the price to potentially retrace back into the Daily Fair Value Gap, which aligns with key Fibonacci levels, and then continue higher, targeting the previous week high. For a bearish scenario, we need to see the previous week high taken out or a minor buy-side liquidity level on a lower time frame. Understanding these key levels and the current market behavior helps in making informed trading decisions. 🙏 Thank you for joining us! Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
OANDA:XAUUSD
by RealArmin
Will gold decrease or increase when US politics is tense?The assassination not only increased Mr. Trump's chances of victory but also increased the Republican Party's chances of a sweep. If Republicans gain control of the White House and both houses of Congress, they could enact tax cuts that would increase the budget deficit. That's how things work. When one party takes control, it's either Republicans cutting taxes or Democrats spending more. Both cases resulted in higher deficits, while a divided Congress barely passed anything. When the budget deficit increases, bonds will be sold off due to concerns about increased supply and accelerating inflation. The Fed will therefore have to maintain interest rates at higher levels for longer. How does this affect the market? Higher yields from US government bonds will make gold less attractive. Stock investors love low interest rates, and higher interest rates can make the market less attractive. The biggest beneficiary is probably the USD. The USD benefits from both higher yields and a safe-haven environment. Political violence is bad news, and in tough times, the world's reserve currency is the winner. Overall, the assassination of former President Donald Trump could cause gold and stocks to decline, while boosting the USD. Polls and ongoing information will determine how long this story lasts and how it impacts the markets.
TVC:GOLD
by SantaTradeGold
GOLD to continue in the upward move?Gold - 24h expiry Yesterday's Marabuzo is located at 2393.5. Price action continues to trade around the all-time highs. The primary trend remains bullish. Dips continue to attract buyers. 20 4hour EMA is at 2388.4. We look to Buy at 2390.5 (stop at 2374.5) Our profit targets will be 2430.5 and 2438.5 Resistance: 2415.0 / 2424.6 / 2431.4 Support: 2405.5 / 2400.0 / 2380.0 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
1
GOLD - Demand for fills on orders above 2400 is increasing!FYI - If you haven't been following the recent asset updates, please see profile or review the related ideas linked below. XAUUSD GOLD Despite a Timer TL breakdown and activation by a notable action candle, the asset has been unable to trade below the Timer TL action candle for over three weeks. This suggests a possible failure of the outgoing bear market takeover. Only an unexpected and drastic downslide can salvage the takeover. Without such a move, the market may gain confidence to attempt trading above 2400, where significant profit-taking is currently expected, in my opinion. In the next sessions, traders will be looking for longs on the asset as long as there is no sudden decline and the market does not trade below 2296. Coincidentally, prices are currently at the bottom level of the focused price range, inviting buyers again while being mindful of possible shakeoffs. For the price to target the top of our 'range in focus' around 2370, it must first surpass 2041, then 2389, and ultimately reach the 2416 area. At that point, a new bear market takeover scenario could be anticipated. In conclusion, the bear market takeover appears to be in its failing stages. If sellers fail to find additional resources around the red box on the chart as a last-ditch attempt to reorganize, the path of least resistance will favor the upside. It is suspected that the next significant staging levels for an assault will be above 2400 (measured at 2416). Heed your due diligence!
FXOPEN:XAUUSDLong
by FroggyFX
2
GOLD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GOLD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello 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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
1
GOLD Hits $2,300 Support Zone as Fed Officials Maintain Hawkish 🟡 Gold pushed lower to around $2,300 on Wednesday as investors weighed comments from Federal Reserve (Fed) officials, who remain hesitant to cut interest rates amid persistently high inflation. This reluctance by the Fed to reduce rates has exerted downward pressure on gold prices. However, the Commitment of Traders (COT) report reveals strong institutional interest in gold, indicating a substantial long position. Additionally, the price has reached a significant demand area that aligns with the 78.6% Fibonacci retracement level at the $2,300 support zone. This convergence of factors is further supported by a divergence, suggesting a potential bullish reversal. Given these conditions, we are considering adding another long position in gold from this point, anticipating a rebound from the current support level.
OANDA:XAUUSDLong
by FOREXN1
1
GOLD to form another higher low?XAUUSD - 24h expiry Our short term bias remains positive. Offers ample risk/reward to buy at the market. Price action continues to trade around significant highs. 50 1day EMA is at 2317.8. Trend line support is located at 2318. Setbacks should be limited to yesterday's low. The primary trend remains bullish. We look to Buy at 2319.0 (stop at 2303.0) Our profit targets will be 2359.0 and 2367.0 Resistance: 2327.3 / 2340.0 / 2355.0 Support: 2316.8 / 2306.5 / 2295.6 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
XAUUSD - Sell PositionSomeone asked how I took this position. Let me explain the different reasons: 1. Two Bullish Legs: During the Asia session, XAUUSD formed two bullish legs. This suggested a pullback to the previous pivot level, even if it continues to rise in the London and NY sessions. 2. Bearish Flag Pattern: The trading range resembled a bearish flag, indicating a likely reaction and decline from this resistance zone. 3. Weakening Momentum: In the 5m chart, the three pushes up at the end of the second leg showed signs of weakening momentum, pointing to increased selling pressure. This signaled a high probability of a pullback. These observations combined led me to anticipate a decline, making this position a strategic move based on technical analysis.
FX:XAUUSD
by Sober_Trading
4
GOLD to form a higher low?XAUUSD - 24h expiry The trend of higher lows is located at 2304. Trend line support is located at 2303. The primary trend remains bullish. We are trading at overbought extremes. Preferred trade is to buy on dips. We look to Buy at 2306.5 (stop at 2292.5) Our profit targets will be 2341.5 and 2347.5 Resistance: 2325.0 / 2341.7 / 2354.5 Support: 2316.8 / 2305.0 / 2295.6 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
1
GOLD heading for under 2300$(06/18/2024)bears in the gold market still have the upper hand and selling pressure on gold still dominates the market. we believe the current price market will reach under 2300$ (likely 2285$ and 2266$) before doing a proper correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
OANDA:XAUUSDShort
by fortunamarkets
XAUUSD - 15m Sell ScalpOn the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels. Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward movement in the gold price. Monitoring the price action closely around current levels could provide insight into whether the bearish trend will continue or if a short-term consolidation might occur before any recovery attempts.
FX:XAUUSDShort
by Sober_Trading