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AUD/USDTechnical Analysis of AUD/USD (4-Hour Chart) On the 4-hour chart of AUD/USD, after a strong uptrend, the price has reached a significant resistance zone. This level has acted as a strong ceiling and has shown multiple price reactions in the past. At this point, signs of weakness in the bullish trend are visible, and with the formation of a divergence on the chart, there’s a chance the trend could reverse. Additionally, a divergence pattern is forming, which could indicate the start of a bearish trend. 📉 Entry Strategy: Wait for a bearish engulfing candle to form in this resistance zone for confirmation before entering a sell trade. Once you enter the trade, the initial target will be in the specified zone on the chart.
Short
by aminsmithfx
3
Gold may trade sideways at the end of the week☘️Fundamental Analysis Gold prices are struggling to capitalize on the previous day's positive move and are hovering between modest gains heading into Friday's European session. Upbeat US macro data on Thursday eased fears of a sharp slowdown in the world's largest economy and boosted investor confidence, undermining demand for the safe-haven metal. However, rising geopolitical tensions in the Middle East, coupled with bets on the imminent start of the Federal Reserve's (Fed) policy easing cycle, supported XAU/USD. In fact, the market has fully priced in a 25 basis point (bps) interest rate cut at the upcoming FOMC policy meeting in September. This prospect, in turn, triggered a fresh decline in US Treasury yields and attracted fresh sellers around the US Dollar (USD), which turned out to be another factor acting as a bullish driver for Gold ☘️Technical Analysis From a technical perspective, the overnight failure near the $2,470 resistance level makes it prudent to wait for some follow-through buying before positioning for any further gains. With the daily chart oscillators holding in positive territory, Gold could then aim to break above the all-time highs, around the $2,483-$2,484 zone hit in July, and conquer the psychological $2,500 mark. A sustained strength above the latter would confirm a breakout above a month-old trading range and could be viewed as a fresh trigger for bullish traders, setting the stage for a further near-term upside move. On the downside, the $2,447-2,445 horizontal zone now looks to protect the immediate downside ahead of the $2,430-2,429 zone and the weekly low, around $2,424. Some follow-through selling could leave Gold vulnerable to further weakness below $2,400. Resistance: 2475 - 2488 - 2500 -2509 Support: 2438 - 2333 - 2426 - 2421 Price ranges to note: SELL zone 2473 - 2475 stoploss 2479 SELL zone 2498 - 2500 stoploss 2504 BUY zone 2438 - 2436 stoploss 2432 BUY zone 2426 - 2324 stoploss 2420
OANDA:XAUUSD
by TVS-Trader
Gold Price Analysis August 13Fundamental Analysis Gold prices are struggling to capitalize on the previous day’s strong gain of more than 1% and attracted some intraday sellers near a retested monthly peak in the Asian session on Tuesday. The decline could be attributed to some repositioning ahead of key US inflation figures and a positive risk-on bias, which tends to dampen demand for the safe-haven precious metal. However, rising geopolitical tensions in the Middle East and concerns about a broader regional conflict could dampen market optimism. This, coupled with dovish expectations from the Federal Reserve (Fed), which put US Dollar (USD) bulls on the defensive, should provide some support to the lackluster Gold prices. Traders are now looking forward to the US Producer Price Index (PPI) for meaningful momentum. Technical Analysis From a technical perspective, the overnight breakout above the $2,448-2,450 horizontal resistance is seen as a fresh impetus for bullish traders. Furthermore, the oscillators on the daily chart have gained positive traction, further suggesting that the path of least resistance for Gold is to the upside. Hence, a further move back to challenge the record high, around the $2,483-2,484 region, looks like a clear possibility. Next up is the psychological $2,500 level, which if decisively cleared would set the stage for an extension of the upward trajectory. On the downside, the $2,450-2,448 resistance now looks to protect the immediate downside, below which, Gold could slide back to the overnight lows around the $2,424-2,423 region. The next relevant support level is anchored near the $2,412-2,410 zone ahead of the $2,400 round-figure mark. Pay attention to the support-resistance zone for the best trading strategy. Resistance: 2469 - 2475 - 2486 - 2492- 2500 - 2508 Support: 2459 - 2446 - 2434 - 2425 Sell 2485 - 2487, Stoploss 2491 Sell 2500 - 2502, Stoploss 2506 Buy 2435 - 2433, Stoploss 2429 Buy 2426 - 2424, Stoploss 2420
OANDA:XAUUSD
by TVS-Trader
GBP/AUD Short, NZD/JPY Short, USD/CAD Short and EUR/CAD ShortGBP/AUD Short Minimum entry requirements: • If area of value tapped into, risk entry after a 1 hour rejection from it. NZD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
GBP/AUD Short, USD/CAD Short, NZD/USD Long and GBP/CHF ShortGBP/AUD Short Minimum entry requirements: • If area of value tapped into, risk entry after a 1 hour rejection from it. USD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/USD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea and analysis. As stated last week, that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above. This played out perfectly with multiple attempts on the channel top and now we got the candle body close above 2434 opening the 2505 gap. However, ema5 cross and lock will further confirm this gap to solidify confirmation. The drop early last week was only to touch ema5 for the detachment correction, which immediately followed with the push up inline with our plans to buy dips. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
Gold price analysis September 8Fundamental Analysis Gold prices eased from a three-day high near $2,430 but held above the key support level of $2,400. The near-term outlook for the precious metal remains solid amid speculation that the Federal Reserve (Fed) will begin cutting interest rates in September. However, investors remain divided on whether the Fed will demonstrate its aggressiveness in its policy normalization by announcing a 50 basis point (bp) rate cut or a 25 bps cut. Technical Analysis Gold prices are in a strong bullish range with a narrow range around 2,418 and 2,434. Prices are trading strongly above the EMA and are poised to make further gains. The resistance levels of 2,454 and 2,404 act as key support and resistance, keeping gold prices steady over the weekend. Resistance: 2432 - 2448 - 2454 Support: 2412 - 2407 - 2396 - 2388 Price ranges to note: SELL scalp price range 2441 - 2443 stoploss 2447 SELL price range 2453 - 2455 stoploss 2459 BUY price range 2407 - 2405 stoploss 2400 BUY price range 2397 - 2395 stoploss 2391
OANDA:XAUUSD
by TVS-Trader
AUD/NZD Short, GBP/CHF Short, EUR/JPY Short and GBP/JPY ShortAUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CHF Short Minimum entry requirements: • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
EUR/USD Short, GBP/JPY Short, AUD/NZD Short and GBP/CHF ShortEUR/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/JPY Short Minimum entry requirements: • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
1
Fed will pick up the pace, but market pricing looks aggressive July's friendly jobs report led to market fears of a looming recession and the need for a strong Federal Reserve response. However, the latest ISM services report shows that the situation looks good with the economy growing The ISM Service Index shows no immediate inferred threat The ISM U.S. Manufacturing Products Index rose to 51.4 from 48.8, above the consensus of 51.0. New orders jumped to 52.4 from 47.3 while work returned to growth territory at 51.1 from 46.1. The Fed will cut interest rates faster but the current market price looks very positive We could see the Fed give in to some of the market demands and make at least one, maybe two 50 basis point moves
OANDA:XAUUSDShort
by FalCol_TradingMaster
GBP/NZD Short, USD/CAD Short and EUR/USD ShortGBP/NZD Short Minimum entry requirements: • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
Gold fluctuations in the new weekFundamental Analysis: Gold (XAU/USD) gained traction on Monday as the greenback weakened. The market is still digesting the dovish FOMC and a weaker US jobs report. Meanwhile, US Treasury yields and the US dollar (USD) are likely to remain under pressure, acting as a bullish driver for the yellow metal. Additionally, rising geopolitical tensions in the Middle East could continue to support traditional safe-haven assets like Gold. Looking ahead, Gold traders will be watching the US ISM Services Purchasing Managers’ Index (PMI) on Monday for fresh catalysts. The Services PMI is estimated to improve to 51.0 in July from 48.8 in June. In case the data is stronger than expected, the USD could rise and limit the upside in the precious metal. Technical Analysis: Gold after NF formed a fairly wide trading range. An upward price range was formed with the price range of 2475 and 2420. The h2 time frame gives an overview of the short-term fluctuations of gold during the day. The 2411 area on Friday formed a critical zone around it with a reaction of 30 prices. so it became a strong reaction zone when gold broke out of the price channel. Resistance: 2466 - 2475 - 2480 - 2491 - 2502 Support: 2423 - 2412 - 2405 - 2394 - 2385 SELL GOLD 2465 - 2467 Stoploss 2471 BUY GOLD 2415 - 2413 Stoploss 2408
OANDA:XAUUSD
by TVS-Trader
EUR/NZD Short and USD/CAD ShortEUR/NZD Short Minimum entry requirements: • 1H impulse down below area of interest. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • If tight 5 min continuation, reduced risk entry on the break of it. • If tight 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
Gold August 2. Approaching all-time high🌿Fundamental Analysis Gold prices showed absolute strength in the European session on Friday ahead of the US Non-Farm Payrolls (NFP) data for July. The official jobs data will indicate the current state of the labor market, which will influence market speculation about the US Federal Reserve (Fed) cutting interest rates in September. Investors will also focus on Average Hourly Earnings data, a key measure of wage growth that boosts consumer spending and ultimately drives price pressures. Meanwhile, the deepening risk of an all-out war between Iran and Israel has improved Gold’s appeal as a safe haven. Iran has vowed to retaliate for the assassination of Hamas leader Ismail Haniyeh with an Israeli airstrike in Tehran. 🌿Technical Analysis In terms of Elliot wave, Gold may have formed wave 5 and is trading in an abc recovery wave. or a recovery could occur after Nonfarm pushing gold prices to the 2442-2430-2422 support zone to continue to return to wave 5 to break the all-time high. The 14-day relative strength index (RSI) is rising to near 60.00. If RSI rises above that level, the momentum will continue to increase strongly. We will wait for recovery waves to buy gold today, or look for resistance zones to catch the recovery wave. SELL zone 2472 - 2474 SL 2478 SELL zone 2482-2484 SL 2487 BUY zone 2433 - 2431 SL 2427 BUY zone 2422 - 2420 SL 2416
OANDA:XAUUSD
by TVS-Trader
Gold benefits after FOMC announcement☘️Fundamental analysis Gold prices hovered around the $2,450 region on Thursday and are currently trading just below a two-week high. Traders were bullish amid the prospect of the Federal Reserve (Fed) rate-cutting cycle coming to a head, underpinning the yellow metal without yield. Bets were reaffirmed by the Fed’s relatively dovish outlook on Wednesday, which sent US Treasury yields to multi-month lows and boosted the US Dollar (USD). Geopolitical tensions in the Middle East also added to the upside. Positive Outlook for Safe-haven Gold That said, the risk-on tone is generally seen as a drag and cap on XAU/USD. ☘️Technical Analysis From a technical perspective, the breakout above the 2430 resistance last night has officially put gold in the bullish phase of wave 3 of the Elliot Wave pattern. Furthermore, if there is a move above 2450, a return to the old highs is not far away. Hence, some further strength towards the next relevant hurdle near the $2,468-2,469 region, en route to $2,483-2,484. On the other hand, today’s Asian low, around the $2,437 region, now seems to protect the immediate downside ahead of the $2,432 region. Any further declines can now be viewed as buying opportunities and remain capped near the resistance breakout point of $2,413-2,412. The RSI is in the overbought zone, indicating that buying interest is still high and the possibility of a push higher for gold remains in favor. The bullish channel is still holding strong with major support around 2422. The two EMAs are expanding with EMA 34 above EMA 89. Overall the market is still in a strong uptrend and we will wait for recovery points to BUY. Resistance: 2452 - 2459 - 2464 - 2475 Support: 2433 - 2425 - 2420 - 2412 SELL zone 2472 - 2474 stoploss 2478 BUY zone 2433 - 2431 stoploss 2427 BUY zone 2422 - 2420 stoploss 2416
OANDA:XAUUSD
by TVS-Trader
AUD/NZD Short, NZD/CAD Short and WTICO/USD ShortAUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. NZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:WTICOUSDShort
by StewySongs
AUD/NZD Short, AUD/CAD Short, WTICO/USD Short and NZD/CAD ShortAUD/NZD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. AUD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. WTICO/USD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
The Fed will reveal the possibility of cutting interest ratesWorld gold fees grew to become down with spot gold fees down 5.6 USD to 2,384.7 USD/ounce. Gold futures ultimate traded at $2,427.60 an ounce, down $1.70 from the brilliant spot. The dollar`s recuperation has positioned stress at the yellow metal. Accordingly, the United States Dollar Index rose best approximately 0.3% to its maximum stage in extra than 2 weeks, making gold extra bearish for holders of different currencies. Marex analyst Edward Meir, at the verge of recuperation for the greenback, records from China indicates that a lower in gold spending withinside the world's biggest gold customer additionally impacts the route of gold. The state-of-the-art document indicates that gold intake in China reduced through 5.6% withinside the first 1/2 of of 2024 as call for for gold earrings reduced through 26.7% amid excessive fees. However, call for for Lis gold and cash skyrocketed. Although gold is beneathneath stress from the greenback, specialists say that the treasured metal's decline has been "braked" way to issues approximately extended geopolitical tensions withinside the Middle East after the missile assault in Golan Heights.
OANDA:XAUUSDShort
by MrTrongVo