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Goldweeklyanalysis

XAU/USD 28 October - 01 November 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued its surge, reaching new all-time highs with no signs yet of bearish pullback phase initiation. The initial indication of a pullback would be a bearish Change of Character (CHoCH), marked by a blue dotted line. Price's ongoing ascent has now positioned CHoCH significantly closer to most recent price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has sustained its upward surge since printing a bullish Internal Break of Structure (iBOS), driven by softer U.S. macroeconomic data and heightened geopolitical tensions. Following bullish iBOS, a bearish pullback is anticipated, though there are currently no signs of it materialising. The first indication, though not a confirmation, of a potential pullback would be price printing a bearish Change of Character (CHoCH), which is marked by a blue dotted line. Price could potentially achieve new highs, bringing the bearish CHoCH positioning significantly closer to current price action. This proximity would provide a realistic opportunity for price to signal the initiation of a bearish pullback phase. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists amid the Fed’s dovish tone and heightened geopolitical tensions, solidifying its safe-haven appeal. Price has printed a bearish Change of Character (CHoCH), signaling—but not yet confirming—the start of a bearish pullback phase. Intraday Expectation: Despite the bearish CHoCH, price has yet to pull back into the internal 50% EQ discount. We could see a reaction at the H4 supply level before any confirmation of bearish pullback initiation. Technical Note: The strong high at 2,758.525 is anticipated to remain protected. However, with CHoCH positioning on the daily timeframe somewhat distant, price may print a bullish iBOS in the near term to align with the daily timeframe’s movement. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 14-18 October 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all-time highs and surge, with no signs of bearish pullback phase initiation. The first indication of a pullback would be price printing a bearish Change of Character (CHoCH), marked by a blue dotted line. Price has continued to rise, and CHoCH positioning remains unchanged from the analysis dated 22 September 2024. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish Internal Break of Structure (iBOS) and continued its upward surge, driven by soft U.S. macroeconomic data and increasing geopolitical tensions. Following the bullish iBOS, a bearish pullback is anticipated, though there are no current signs of it materializing. The first indication, but not a confirmation, of a pullback would be price printing a bearish Change of Character (CHoCH). Since last week's analysis, CHoCH positioning has remained unchanged. The bearish CHoCH level is denoted by a blue dotted line. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As mentioned in my analysis dated 09 October 2024, price could print lower to bring CHoCH positioning closer to current price action, as the previous CHoCH positioning was quite distant. This is exactly how price has moved. Price is currently positioned in the premium above the 50% equilibrium (EQ). Intraday Expectation: Price is expected to react at the premium of the 50% EQ or H4 supply zone before targeting weak internal low. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 07-11 October 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all-time highs and surge, with no indication of bearish pullback phase initiation. The first sign of a pullback would be price printing a bearish Change of Character (CHoCH), which is marked with a blue dotted line. Price has continued higher, and CHoCH positioning remains unchanged from the analysis dated 22 September 2024. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish Internal Break of Structure (iBOS) and continued its upward surge, driven by soft U.S. macroeconomic data and increasing geopolitical tensions. Following bullish iBOS, a bearish pullback is anticipated, though there are currently no signs of it materialising. The first indication, though not a confirmation of a pullback would be price printing a bearish Change of Character (CHoCH). Since last week's analysis, CHoCH positioning has remained unchanged. The bearish CHoCH level is marked with a blue dotted line. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low. Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone. Intraday Expectation: Price is expected to target weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 30 September - 04 October 2024Weekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all time highs and surge with no indication of bearish pullback phase initiation. The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line. Price has continued higher with CHoCH positioning remaining the same as last week's analysis dated 22 September 2024. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS and continued it's surge in price lead by soft US macroeconomics and increasing geopolitical tensions. After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of printing. First indication, but not confirmation of pullback is for price to print a bearish CHoCH. Since last week's analysis, CHoCH positioning has remained unchanged. Bearish CHoCH positioning is denoted with a blue doted line. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge in price printing all time highs with price pulling back very minimally. Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range. You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish. Although price has tapped in to strong internal low, price has been unable to close below Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic if price prints a bearish iBOS. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 15-19 April 2024 Weekly AnalysisWeekly Analysis: Price has been printing further all time highs. Below analysis remains the same as last week's weekly analysis dated 07 April 2024 -> 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: Price has continued to print all time highs. CHoCH has been repositioned closer to most recent price action. Remainder of analysis/bias remains unchanged since last daily analysis dated 07 April 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 relentless bullish run and continues to print all time 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. Price has now printed a bearish CHoCH. 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:
OANDA:XAUUSD
by Khan_YIK
2
GOLD (XAUUSD) - Weekly forecast and analysis 🎯Welcome 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
#GOLD Weekly Major Support & Resistance Levels.Providing Weekly Support and Resistance levels for next coming week based on Central Pivot Range and its major support & resistance levels of week, where price can take support and face resistance. Three black lines indicating weekly Central Pivot Range. Previous week high & low also performs as a major support and resistance levels. Can take long & short positions according to how price perfoms at particular given support & resistance levels.
MCX:GOLD1!
by Jha_Nidhi
Gold weekly analysis: FED will hike rate next week.(14-18 March)The gold price fell from an all-time high to about 1,100 pips last week. Though last week's start was good, the gold dropped nearly 1100 pips in the last three days of the last week. This is why gold prices had dropped. First, there was some news at the meeting between Ukraine and Russia. As long as both sides agreed to make some concessions, they could work things out even though the meeting didn't work out. 2. The 10-year yield on U.S. Government Bonds has gone up from 1.6% to 2%. If the price of bonds goes up, the price of gold will go down. Bonds and gold are both safe-havens. Bonds pay interest, but gold doesn't. So, the gold price drops if the bonds' interest rate goes up. When bond rates went up, gold prices fell. 3. Many Fed members said positive things last week; I mean, they delivered the hawkish statement. The price of bonds went up a lot because of the hoax. And the dollar stays strong because the Fed is still in a "hawkish" mode. Because gold always moves against the dollar, it makes sense that gold will be weak if the dollar is strong. As I said in my last weekly forecast, it must happen after the Gold All-Time High Prize has been hit. And so it was. Gold has come back down almost 1100 pips after hitting a record high rate of $2070. These are the things that happened to gold last week. Now, what could happen to gold next week? Wednesday, the 16th, is the date of the FOMC meeting. It's almost certain that the Fed will raise the 25 bp rate. However, there was talk that the Fed might raise the rate by 50 bp in March. In this case, raising the rate by just 25 bp doesn't mean that gold prices will go down. In other words, if the 50 bp rate rises, the bond rate will also rise. If the bond rate rises, the gold price will fall. Russia and Ukraine are in a war right now, which means that the demand for gold is high. It could also fall if Jerome Powell raises the rate by 50 bp and makes an aggressive statement on the 16th of March. This could make gold fall to 1950/1900 dollars per ounce, which would be very bad for the gold market for a short time. Even so, there's no point in wearing more than that because gold prices won't go down in the long run until the Russia-Ukraine war is over. The study of technical things Gold H1 Chart Until the gold is above $1950, it will keep going up. In gold, $1950 is where the trend line support is identified. There is a solid barrier to the $2020 price from the present rates. If the Gold Prize closes above the $2020 area, gold will return to the all-time high of $2075. On the other hand, if the gold closes below $1950, the uptrend will be broken for a short time, and the gold will fall apart. There are three places I want to go if gold closes below $1950. My first target is $1930, my second target is $1885, and my last target is $1830. I think gold is not yet on a downtrend. As long as gold is above the trendline support level of $1950, it will keep going up. Please like, comment, share and follow me if you like my analysis.
Editors' picks
OANDA:XAUUSD
by Gold_Trading_Expert
56
Gold Weekly Forecast: Gold is heading to uncertainty. The strengthening of the US dollar and the narrowing of the yield differential between US T-bonds have fueled the rise of XAU/USD. Furthermore, in response to Jerome Powell's comments on Friday regarding high inflation, the gold price rose to its highest level since early September at $1 815.50 before falling again shortly after. Before this weekend's holiday festivities and tomorrow's FOMC Chairmen Powell addressed Friday at a Bank for International Settlements seminar. "Inflation will linger longer than predicted," he said, adding, "the tools available." However, with 2022 so close, there seemed to be less fear about an eventual fall down to earth. What happened last week? The market's defeatist attitude was exacerbated by China's weak growth figures, which boosted the dollar. POSITIVE EARNINGS STATISTICS LIFTED large US banks' equities on Monday, helping the major Wall Street indexes gain traction. This allowed risk flows into financial markets to restrict XAU/USD losses once more, as USD weakness drove them up (and rising Treasury bond yields). This trend persisted on Tuesday, with no significant macroeconomic reports supporting commodities like gold mining shares. The S&P 500 Index closed at an all-time high this week, as gold rose to new weekly highs. On Thursday morning, initial unemployment claims fell below 290K for the first time since March 2020, adding to the evidence that things are looking up in the West. With the recent interest rate hikes by the Fed in December, they have increased the opportunity to return capital through traditional lending markets while still keeping rates low enough that people won't notice much impact if any. What About The Next week? Investors stay on the sidelines ahead of major events, so the market is unlikely to react substantially. What will include these figures in a US economic docket on Tuesday, but they could impact the future because of how soon they come out. While you may have had a lot going on in your brain, including fear or excitement, the tone of your output should stay nice. We will get our first estimate of third-quarter GDP growth from the Bureau of Economic Analysis. Given that the lackluster September Nonfarm Payrolls data did not change the Fed's tapering plans. We could see another leg upward in T-bond yields in the coming weeks. A breach above 1.75 percent for the benchmark 10-year Treasury yield would open the door to new prospects for dollar strength. If you've been struggling financially because your income isn't quite enough longer, these figures may be able to help you get back on track. On the one hand, if the Federal Reserve delays its planned reduction in asset purchases to cool down the markets, it might generate significant investor issues. Anything might happen in the market next week, given how unpredictable it currently is. Several pieces of news will be released that could have an impact on the direction stocks take. Facebook's earnings report will be released on Wednesday (in which they forecast $5 billion in revenue). Amazon's quarterly results after trading hours on Thursday evening EST/Wednesday afternoon PST. They are expecting to generate more than $55 billion this time around. Still, it depends on whether there was any disruption from last month when one of its distribution centers experienced an overflow during Prime Day, which caused some shipments to be delayed. XAU/USD Technical Analysis Technically market is on an uptrend in a short time frame. But along bearish candle may send the gold lower, as I have seen many times before. Last Friday, Powell didn't send any strong message; instead, he was a bit dovish. Still, gold dropped from the rising trend line. As two weeks back, average earnings rose, and next week some big tech company will release their earnings report. So it is supposed to have good earnings reports. So, fundamentally there is a chance that gold may drop again. from the present rate, $1780/1775 will play as a strong support zone. Breaking below $1775 gold may test the $1760/1763 price zone. Breaking below $1760, testing the $1745/1750 price zone won't be hard. Absolutely $1745/1750 will act as solid support. And we have seen some upward correction nearly $1780 price zone again from $1745/1750. Finally, if we see gold price breaks below $1745, we will set our last target at the $1720/1725 price zone. On the other hand, $1808 is the immediate resistance from the present rate, and the swing area is identified at the $1715 price level. So, we may go for but if the gold price breaks above the $1715 price zone. $1730/1735 has been acting as an acritical resistance for a long time. So, if we buy above the $1715 price zone, we must close it to nearly the $1730 price zone. If gold price can break above #1735 price, we must think for a long term buy at least almost $1900 price zone.
TVC:GOLD
by Gold_Trading_Expert
XAU/USD weekly analysisIn this post, we will analyze the weekly Forex gold with the symbol XAU/USD. Fundamental analysis According to a previous analysis of the EUR/USD , fundamental news will be released next week, which could cause strong volatility. At the beginning of the week, when the OPEC meeting takes place and US banks are closed, we expect investors to pay attention to gold. They probably prefer to buy gold over dollars and oil, which creates an uptrend to near the previous floor. Crossing the previous floor If the previous floor, the 1790 range, is broken, this analysis will be incorrect and the gold trend will be bullish, otherwise it is still in a bearish trend. Also, if it goes according to the analysis, the gold will fall close to the trend line and react to this range. Signal Within 1 hour, we see a cup and handle pattern. Of course, I agree that these patterns are old and unreliable, but they can be identified as a signal for the growth of gold near the site.
OANDA:XAUUSDLong
by mohamadrezaKhorsand
3
Could This Week Be In Favor Of The Bears?The monthly chart on gold is showing that we have created a big doji in an overbought zone. This may be signaling for the sell. Currently, price looks like it's consolidating on a higher time frame. So what I'm waiting to see is will it break the overall bullish trendline for the short, or will it bounce off the 1924.42 zone to continue up into unknown territory. If we break the trendline, it's gonna be a hell of a drop back to the monthly 1805.30 area that I have. Maybe longer if the US can behave with its economy and the virus. Let's see. What is also signaling the sell in favor of the USD is, of course, the DXY chart. The DXY has hit a major key level zone on the weekly and it looks to be signaling that it's going to go up. So I'm actually crossing fingers to have a very nice swing trade sell with this pair. BEAR TPS: • 1931.37 • 1890.45 • 1846.39 • 1811.89 BULL TPS: From the trendline… • 1974.53 • 2008.74 • 2073.64
FX:XAUUSD
by NikaJourney
1
Looking Bullish To Start Off The Week After PullbackBack from a brief hiatus due to illness. So let's continue. Gold is looking bullish for the start of the week. But I'm not sure if it will hold. When the move is confirmed, I'll be taking it to the weekly 1757.72 area and awaiting which direction it'll continue for the remainder of the week. So this is why you're seeing two directions indicating where the short may happen. If the Coronavirus readings get worse here in the U.S. (and it's looking like it will be), we'll be bullish all week. So here are your TPs for now: BULL • 1754.14 • 1779.64 BEAR (from the weekly area) • 1739.48 • 1733.84 • 1722.97 • 1701.69
FX:XAUUSD
by NikaJourney