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Gold Analysis 12/06/24Analyzing the provided gold (XAU/USD) chart on a 4-hour timeframe, here are the potential scenarios based on the CPI data release: 1. *Positive CPI (Higher than expected inflation):* - *Interest Rate Hike Likely:* If CPI data is positive (indicating higher inflation), the Federal Reserve might consider raising interest rates to combat inflation. This scenario can lead to a strengthening US dollar and typically puts downward pressure on gold prices. - *Price Movement:* - *Key Level to Watch:* If gold price closes below the current support level of approximately 2,290.390, we can expect a downward movement towards the next support levels of 2,278 to 2,265, as marked on the chart. - *Technical Indicators:* The chart shows clean traffic below this level, suggesting potential for a more significant drop if this support breaks. 2. *Negative CPI (Lower than expected inflation):* - *Interest Rate Hike Unlikely or Rate Hold:* If CPI data is negative (indicating lower inflation), the Federal Reserve might hold off on raising rates or even consider rate cuts. This scenario can weaken the US dollar and generally supports higher gold prices. - *Price Movement:* - *Key Level to Watch:* If gold price closes above the resistance level of approximately 2,318.071, we can expect an upward movement towards the next resistance levels of 2,325 to 2,337. - *Technical Indicators:* The chart indicates clean traffic above this level, suggesting potential for further gains if this resistance is broken. *Scenarios Summarized:* - *If CPI is positive (high inflation):* Gold price could drop below 2,290.390, targeting 2,278 to 2,265. - *If CPI is negative (low inflation):* Gold price could rise above 2,318.071, targeting 2,325 to 2,337. In General im Bearish with Gold , i think gold might Drop way more But Not for long i'll explain why after posting i'll share some News that may help , i dont take trades based on News unless its confirmed those news might be wrong or right
OANDA:XAUUSDShort
by TraderFa9ir
Gold Analysis 12/06/24Analyzing the provided gold (XAU/USD) chart on a 4-hour timeframe, here are the potential scenarios based on the CPI data release: 1. *Positive CPI (Higher than expected inflation):* - *Interest Rate Hike Likely:* If CPI data is positive (indicating higher inflation), the Federal Reserve might consider raising interest rates to combat inflation. This scenario can lead to a strengthening US dollar and typically puts downward pressure on gold prices. - *Price Movement:* - *Key Level to Watch:* If gold price closes below the current support level of approximately 2,290.390, we can expect a downward movement towards the next support levels of 2,278 to 2,265, as marked on the chart. - *Technical Indicators:* The chart shows clean traffic below this level, suggesting potential for a more significant drop if this support breaks. 2. *Negative CPI (Lower than expected inflation):* - *Interest Rate Hike Unlikely or Rate Hold:* If CPI data is negative (indicating lower inflation), the Federal Reserve might hold off on raising rates or even consider rate cuts. This scenario can weaken the US dollar and generally supports higher gold prices. - *Price Movement:* - *Key Level to Watch:* If gold price closes above the resistance level of approximately 2,318.071, we can expect an upward movement towards the next resistance levels of 2,325 to 2,337. - *Technical Indicators:* The chart indicates clean traffic above this level, suggesting potential for further gains if this resistance is broken. *Scenarios Summarized:* - *If CPI is positive (high inflation):* Gold price could drop below 2,290.390, targeting 2,278 to 2,265. - *If CPI is negative (low inflation):* Gold price could rise above 2,318.071, targeting 2,325 to 2,337. In General im Bearish with Gold , i think gold might Drop way more But Not for long i'll explain why after posting i'll share some News that may help , i dont take trades based on News unless its confirmed those news might be wrong or right
OANDA:XAUUSDShort
by TraderFa9ir
LOREAL possible buyL'oreal, a French cosmetic giant is forming a possible buy position for investors. What am I looking at? 1. I am seeing forming of a Cup and Handle formation on a weekly time frame, which looks very nice. 2. Next important thing to consider, the price of the stock regained 50MA on weekly time frame , which is considered a nice bullish move and a chance to "get in" at a good price. Last time the price regained 50MA was on April 2020, and it has been rising ever since. 3. We have a small downtrend line which is about to be broken, price is sitting at 10EMA, priced around 404.4euros per share. I would like to see that level to be broken, before I enter with my first purchase. 4. The thing I liked, is that the price bounced hard from it's support level, sitting at 370.7 to 371.85 price level, and started making higher high's. This price movements are like a small cool off in trading, and market catching a break before the price makes new higher high. 5. My first entry point would be just above the current price, I would scroll down to H4 time frame, and wait for the down trendline to be broken before I enter. 6. Stop Loss for this first entry would be sitting 10-12 euros below the current price, price level 389 . Why there? On the H4 time frame, just above this price level is the 50MA. If this level gets broken I will consider that market doesn't have the necessary strength to continue it's move up. 7. Second entry point , if everything goes as planned, would between 429 and 435 price levels, I would consider that Cup and Handle was fully formed once price breaks above those price levels. As always, please do your due diligence before investing your hard earned cash, don't follow advice from a random guy on TradingView.
EURONEXT:ORLong
by De_Banis
GOLD Prices Surge Amid Geopolitical Tensions, Dovish Fed...Gold Prices Surge Amid Geopolitical Tensions, Dovish Fed Gold price is showing strong momentum for its next upward move, targeting the $1,880 level. A weakening US Dollar, driven by dovish Federal Reserve expectations, combined with a positive market sentiment, sets the stage for Gold's ascent. As we analyze the technical setup over a 4-hour timeframe, it's evident that Gold is poised for a fresh upswing. In recent times, Federal Reserve policymakers have adopted a more dovish tone. Traders have adjusted their expectations, with the likelihood of another rate hike from the Fed before the end of the year now hovering at a mere 13%. Atlanta Fed President Raphael Bostic's statement that "we don't need to increase rates any more" and similar sentiments from other Fed officials reflect this cautious outlook. They believe that higher bond yields might reduce the need for the Fed to take further action. These dovish comments reinforce the belief that rising borrowing costs for both households and businesses could help alleviate inflationary pressures, potentially dissuading the Fed from further tightening its monetary policy. The expectation of a dovish Fed, combined with hopes of additional stimulus measures from China, has boosted risk appetite. Even amidst uncertainties arising from the Hamas-Israel conflict, China is reportedly considering issuing more than CNY1 trillion ($137.1 billion) in sovereign debt for infrastructure projects, aiming to meet its annual growth target. These factors have created a bearish scenario for the US Dollar and driven US Treasury bond yields lower. As a result, Gold buyers remain confident, keeping prices near weekly highs above $1,860. However, the potential for further gains in Gold price is currently held in check, as traders exercise caution ahead of significant events. Specifically, they are awaiting the release of the US Producer Price Index (PPI) inflation data and the Minutes from the Fed's September policy meeting, both scheduled for Wednesday. These events could contribute to the bearish sentiment surrounding the US Dollar and support Gold's recovery from seven-month lows. In the technical analysis, we find that Gold faces two important levels of interest today. These levels correspond to the 50% and 61.8% Fibonacci retracement levels, which align with a previous resistance area. This zone may act as a supply area, causing a temporary pullback in the direction of the prevailing bearish trend. Alternatively, Gold could continue to decline in the coming days, targeting the previous lower low. A critical level to watch is 1901.050, as any bullish notion will be reconsidered at this point. Short-Term Setup | Our preference: Short positions below 1901.050 with targets at 1850.000 & 1810.550 in extension.
OANDA:XAUUSDShort
by FOREXN1
28
GOLD Extends Declines in Moody Markets as Risk-Off Sentiment...Gold Extends Declines in Moody Markets as Risk-Off Sentiment Prevails Amidst turbulent market conditions characterized by risk-off sentiment, the price of gold continues its decline. The precious metal is facing headwinds primarily driven by concerns related to interest rates and the persistent rise in US Treasury yields. Gold spot prices are on the verge of challenging eight-month lows, with further downside potential looming. Gold's Recent Performance Gold spot prices have faced a consistent downturn, declining by $20 per ounce on Monday to reach $1,830.00 on the charts. This marks the sixth consecutive trading day of losses for gold, and the XAU/USD has closed either flat or bearish in nine of the last ten daily trading sessions. The decline in gold prices is largely attributed to market concerns about a potential global economic slowdown. As a result, investors have been seeking refuge in safer assets, contributing to the downward pressure on gold. Interest Rate and Yield Concerns One of the primary drivers behind gold's recent struggles is the rising interest rates and US Treasury yields. The continued ascent of these indicators has led to uncertainty and risk aversion in the market, prompting investors to reevaluate their portfolios. Investors have been closely monitoring the Federal Reserve's (Fed) stance on interest rates. While the Fed is expected to maintain higher interest rates for an extended period, it would require a significant increase in inflation expectations to trigger a new rate hike cycle. Investors are hopeful that the lack of significant shifts in the Fed's rate expectations, often referred to as the "dot plot," will help cap further losses for gold. Hawkish Fed and Elevated Yields The Fed's commitment to a "higher-for-longer" interest rate strategy has driven US Treasury bond yields to multi-decade highs. This has, in turn, bolstered the US Dollar (USD), which has contributed to the decline in gold prices. The market consensus is that the Fed will continue to pursue its hawkish stance, with expectations of at least one more rate hike by the end of the year. Cleveland Fed President Loretta Mester's remarks further reinforced these expectations. Mester emphasized that inflation risks remain skewed to the upside, and the central bank will need to maintain restrictive rates to achieve its 2% inflation target. This reaffirms the Fed's commitment to tightening monetary policy and diverts flows away from non-yielding assets like gold. Risk-Aversion vs. Safe-Haven Status Despite the generally weaker risk tone in the market, which typically favors safe-haven assets like gold, the precious metal has struggled to find support. Factors such as mixed Chinese Purchasing Managers' Indices (PMIs) and the passage of a US stopgap funding bill have failed to provide sustained backing for gold. Concerns about a deeper economic downturn have overshadowed these developments, highlighting the dominance of interest rate and yield concerns. In conclusion, gold's recent decline reflects a complex interplay of factors, including interest rate expectations, elevated US Treasury yields, and USD strength. While gold retains its safe-haven status, it remains under pressure due to prevailing market conditions. Investors will continue to closely monitor the Fed's stance on interest rates and other macroeconomic developments to gauge the future direction of gold prices. Our preference Short positions below 1841.00 with targets at 1815.00 & 1807.00 in extension.
OANDA:XAUUSDShort
by FOREXN1
19
New high coming? This is a very interesting view .. uptrend is really building up and if having those bands on its riding the bulls to push it up higher. New high? This is a maybe we should be able to see a new high, the recent is 1903.. will it surpass it? It might. 1830’s area is a good buy opportunity before the huge sell off. If new high is coming then I say about 2000, some others said 2050 or 2100.. we will see how it plays out if it chose to sell off it’ll sell off. But this seems like a buy in a longterm. Watch any reversals trade safe and if new Hugh is coming then we might see new high for Gold.
OANDA:XAUEUR
by JoyBoyVegae
IS THIS THE START OF THE BULL RUN?Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short calls on almost every exchange. I post short mid and long-term trade setups too. Let’s get to the chart! I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice. #BTC BTC is breaking out of this ascending triangle and also trying to break this symmetrical triangle pattern. All these confluences are showing bulls are back in action, and we'll witness a strong bullish rally in the market but RSI is in over boat range. For more conformation, we need a conform breakout of this symmetrical triangle pattern. Analysis - I have taken fractals from the past, 2019, from historical price action that we refer to as an 'echo bubble'. - According to the fractals, one possible scenario is that we tap $14k, before making a 100% move up to $28k. - This would be a completely reasonable trajectory to have in mind, considering that we have seen a case for Bitcoin moving from $4k to $14k - Eventually, we would peak around the summer of 2023, with everyone thinking that the macro bull market has resumed. - Personally, if this speculative scenario plays out, I would revert back to holding a massive cash position until the dust settles again. - People, including myself, thought we'd never get back below 20k, and here we are now, with people calling for $7k. Comment your view in the comment section and stay tuned, I will keep updating BTC in the different time frames. This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
by CRYPTOMOJO_TA
8
SHIB Triangle Waiting for Shib to make a move out of this triangle... I'm positioned for UP, but we never know. I'm not so confident about the Fibonacci yet, so don't take this too seriously.. I'm actually just half concentrated about this chart, but I figure if I can contribute something to the people, I prefer that rather than nothing... I think.. God bless yall, stay safe out there.. These are shark waters. And if you take this trade, you should wait for retest to get it, that means, wait for price to get out of the triangle, and if there's a sharp move, wait for price to come back sharply to retest, and get in there.. If it starts moving the other direction too much, then either change your direction, or let the trade go... Sorry that I'm not more confident, I will do better next time. I want to give props to Sheldon at Brypto Banter for teaching me some basics through his videos... Do a search on youtube for him. Stay safe, be careful. Best regards, ThomChris
by thomchris777
OR | Wave Analysis Mapping- Channel Breakout - Pullback TradePrice action and chart pattern trading > Elliottwave downtrend channel confirmed breakout crossover SMA200 heaven/hell line - RSI TFD already overbought - Pullback trade for medium-term is recommended > Target @ volume profile POC 1.618 extension zone and 2.618 zone for 2nd target > Stoploss @ Wave 5 zone Inverted Head or right Shoulders > RRR: 2:1 downside less than 10% Always trade with affordable risk and respect your stoploss
SET:ORLong
by dukeposh
2022-2026 BTCUSD Forecast Major Suprise On the Horizon can you guess what it is. BTC Dominance on the horizon.80% of all coins wiped out before the end of this year. Who will be left standing? Stay tuned in for what is to come. Hard Push for BTC how high will it go get the scoop right here. So called heavy weights made predictions and were off massively or where they? These are my predictions as you know many are underestimated. Sh$% Coins are somewhat hyped we all know it but take it as they come it speak volumes. See you on the flipside. Stay Blessed
COINBASE:BTCUSDLong
by SHakeTheTinCan
1