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XAUUSD major support and resistance for the daysupport: 2348 2337 2327 2322 2312 2306 Resistance: 2365 2374 2388 2395 2404 2412 2421 The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week. like boost follow us for more market updates
OANDA:XAUUSD
by realmillionairefx
xauusd high volatilityFundamentals Over the past six months, despite the Fed holding off on rate cuts, high US bond yields, and a strong dollar, both gold and silver have set multiple records. Even skeptics must acknowledge the impressive performance of these metals. Much of this resilience is attributed to sustained central bank buying, with further purchases expected to characterize the second half of the year. Notably, central bank purchases are coming from various countries, enhancing gold's relevance as a reserve asset. Should the Fed and other major central banks initiate rate cuts, it would improve the overall sentiment for gold by year-end. Meanwhile, broader risks that could stimulate safe-haven demand remain, including the US presidential elections, escalations in Middle Eastern or Russo-Ukrainian conflicts, and potential volatility in globally bullish stock markets if their robust performance falters. Can Gold Prices Continue to Rise Despite Repeated Pressure on Bulls?_1 Technical Analysis Gold prices edged slightly higher on Wednesday, but remained below the critical resistance level of $2,345. While further upside is constrained, bulls continue to maintain positive momentum. Technical studies on the daily chart indicate bulls have successfully held above the upper boundary of a triangle consolidation pattern, suggesting any price retracements in the short term will find support at this level. Meanwhile, the sideways consolidation is expected to sustain upward momentum from this level. On the flip side, breaking below $2,324 could open the path to retesting support near the lower Bollinger Band around $2,306. A drop below $2,286 could trigger a stronger downward acceleration, as this would complete a failed swing pattern and an asymmetric head-and-shoulders pattern. Overall, bulls face repeated pressure but the upward structure remains intact. We continue to anticipate opportunities for bulls to push higher before bears take control. Buying on dips remains the preferred trading strategy
OANDA:XAUUSD
by realmillionairefx
XAUUSD ANALYSIS OF THE WEEKLast week market has seen major volatile movements and this week the market will be more volatile due to abundant economic events that are about to happen. last week we have seen fall to major support area of 2322 and again market trying to breach the support and go to area of 2310 and from there a down fall to even 2281. The major moving averages both smoothed and exponential are in areas of 2344 to 2347 area. Breach above the area will meet major resistance of 2355 2367 2374 2383 2397. BULLISH AND BEARISH TARGET : BULLISH: 2335 2343 2347 2355 2367 2376 2398 BEARISH; 2321 2312 2298 2287 2282
OANDA:XAUUSD
by realmillionairefx
1
XAUUSD recent updatexauusd is moving so deep down after various FED talks Gold slumps amid strong US Dollar, high US Treasury yields Gold prices slump on Wednesday amid rising US Treasury yields, boosting demand for the Greenback due to hawkish comments by a Federal Reserve (Fed) official. our recent analysis founds 2330-2328 is a strong support area and 2344 act as major pivot due to simple moving average passing through the point and mayor retracement from that area many times yesterday. above 2344 its a buy like share subscribe
OANDA:XAUUSD
by realmillionairefx
xauusd analysis for the week 27/52024- 31/07/2024the last week we have witnessed the biggest fall in a week in last 5 months. what will be going to happen in the coming week is much anticipated thing for traders. our viewpoint is there will be an upward correction in the trend and the retracement zone for the market is from 2327-2333 area and the growing geopolitical tension in the middle east will also be an add on factor for this correction. if the market goes below 2321 area of support then we can see a downfall till 2275 extended up to 2253. bullish targets: 2343 2355 2363 2376 like share and follow us post your comments to enlighten us with your view points
OANDA:XAUUSDLong
by realmillionairefx
xauusd weekly reviewxauusd faced the largest one week drop in last 5 months. the exact reason for this can be elicited as many. 1) soon there will be no change in interest rate of us dollar and its decided as it is may happen by september not in june 2) strong us job data 3) lot of positive economic news from usa which powered dollar 4) in last two months xauusd was over brought and now a correction is happening in that price. 5) market manipulation. What you feel please comment us
OANDA:XAUUSD
by realmillionairefx
2
XAUUSD ANALYSIS FOR MONDAYour last prediction for gold xauusd was perfect as we stated once it breached the 2397 it touched both 23408 and 23420 targets. next week we find a strong rejection in 2419-2422 area if the target is breached the gold will fly to next resistance of 2434 and 2445 . and if rejected from 2419 we can find a down fall to 2376 by following supports in 2397 and 2382. BULLISH TARGETS : 2397 ✔️✔️✔️ 2408 ✔️✔️✔️ 2420 ✔️✔️✔️ NEW BULISH TARGETS : 2434 2445 BEARISH TARGETS : 2397 2388 2382 2376 #XAUUSD #SINGNAL #FOREX #ANALYSIS #CHART #MARKET #TRADE #TECHNICAL #CANDLESTICK #GOLD
OANDA:XAUUSD
by realmillionairefx
Gold prediction interval 1915~1930Gold Layout Analysis: U.S. Treasury yields consolidated their weekly gains on Friday as U.S. yields edged higher on growing expectations of tightening policy from the Federal Reserve. The 2-year U.S. Treasury bond yield is 4.99%, and the 5-year and 10-year yields are 4.40% and 4.26% respectively. The yields on government bonds of these three different maturities all rose modestly, limiting the rise in gold prices on the day. Investors are eagerly awaiting U.S. consumer price index (CPI) and retail sales data for August to be released this week to continue betting on the Federal Reserve's next policy decision. Currently, the market expects another 25 basis points (bps) rate hike for the rest of this year, but the market is unsure whether the rate hike will occur in November or December. For gold traders, the most important economic data in the coming week is the U.S. August CPI and PPI, which will be released on Wednesday and Thursday respectively. Market participants will also be watching U.S. retail sales data for August and the European Central Bank's interest rate decision, both due on Thursday. Optimism has faded from precious metals markets as less than half of retail investors expect gold prices to rise this week, while most market analysts have returned to a bearish bias. the The golden daily line is in the peaking and falling stage, the MA5-MA10 moving average maintains the trend of dead cross, and the MACD green column can start to increase the volume; the weekly line is also in a concussive downward pattern, the Bollinger middle track under pressure continues to fall, and the three Bollinger Bands tracks open downward at the same time. , the decline is expected to go lower. At present, the 1930 mark has been tested many times and it has fallen back. The pressure above is obvious, so continue to maintain the bearish thinking. Focus on the key watershed of 1915. Once it clearly falls below, the downside risk will further intensify and it is expected to test near the 1900 mark. For a rebound, just focus on around 1928.
OANDA:XAUUSDLong
by Short-termTaurus
Gold Detail Analysis | XAUUSD ForecastHI people ! Currently we are in 5th wave of Elliot wave (A,B,C,D,E) gold Cycle and we soon should see correction So here are quite Possible scenarios BULLISH SCENARIOS :- 1- The price can pull back to 1778-1782 Area and move the next leg up Targets ( 1835 1856 1920 1972 2070) . 2- The price can break 1810 and Target the levels ( 1835 1856 1920 1972 2070) . 3- The price can move Deep pull back to 1748-1752 Area and target same area ( 1835 1856 1920 1972 2070) . BEARISH SCENARIOS :- 1-There is a "M" formation on 4H,Daily ( M formation is a complex type of Double top ). 2- ON - 2 Day TF we have Bearish divergence ( Divg is in stoch RSI ) . 3- ON - 1 Day TF we have Bearish divergence ( Divg is in volume and and MACD indicator). 4- The wave C can give a pull back which i think is likely. 5-We also are on top of weekly BB & at Weekly supply level . 6-We have a "SMALL" rising wedge with in a "LARGE" RISING" wedge which usually breakout " ABOUT RISING WEDGE" 1-Breakout :- 60% of time it correct downwards. 2-confirmation :- when price break trend line and retest with good volume . FUNDAMENTAL & MACRO VIEW :- 1- ) Ok so all know China & Russia is biggest producer of Gold , Recently G7 put limit on Russia to sell OIL only at 60$ per barrel we also know OPEC is currently looking to cut off supply on OIL (This will increase the inflation also ,As greater oil prices = Higher inflation ) ,So more inflation =More interest Rates hence more pressure on Markets. 2-) secondly, We know US control most of world because of "USD" So Russia looking to sell OIL against GOLD rather than USD , with the backing of China At last in Recent Growth of 20% rally of "DXY" we only see 7.5% Decline in GOLD ( Where as stocks crypto and other Assets decline alot ) This shows relative strength CONCLUSION :- In my opinion we may see little pull back soon but over all i am bullish that we will Even break ATH soon in 2023 because simply Who control more Gold control World ( This refer to change in world order) From "US" TO " China + Russia" . "More demand =High Prices"
EIGHTCAP:XAUUSD
by DECRYPTERS
GoldViewFX - MARKET UPDATEHey Everyone, Another FANTASTIC day of trading!! We called the retracement yesterday to about 1927 and then targets to 1931, 1940 and 1944, which played out perfectly. We waited patiently for the drop and took the buys to a perfect EXIT at 1944 safely before the drop. Executed perfectly start to finish!! (SEE LINK TO RELATED POST BELOW) We are now sharing the 4h CHART, which highlights a candle body close below 1919 Goldturn, which opens another 1896 challenge. Although my overall direction and setups remain Bullish, I cannot ignore the gap below at 1896. Considering we have FOMC tomorrow, the potential momentum can break 1896 for deeper corrections and therefore we have moved the swing range down to 1875 to manager our risk. We will carefully consider taking BUY positions from deeper intraday support levels but again only take 20 to 30 pips at a time to allow safe exits. If we see negative pressure on Gold, I will only pick sells from re-tested resistance levels and again playing 20 to 30 pips at a time. The chart highlights a roadmap for the potential movement we will track. As always we will keep you updated with any changes to our setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
57