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#XAUUSD Medium-term GOLD trends, new peaks, opportunities, risksGold analysis 19/08-23/08/2024: Last week, gold broke through the previous peak at 2484 and closed the candle at 2508. The likelihood of gold creating a new peak around 251x is very high. After forming the peak, gold will likely experience a significant correction. The price has a high chance of returning to the 242x area, which serves as a momentum-building phase to continue the uptrend. The main trading direction for this week will be BUY. Key price areas to watch: 2510 - 2520, 2477 - 2481, 2498 - 2505, 2424 - 2435. Recommended orders: Plan 1: SELL XAUUSD zone 2515 - 2518 SL 2521 TP 2507 - 2500 - 2490 - 2480. Plan 2: BUY XAUUSD zone 2477-2480 SL 2474 TP 2485 - 2495 - 2505. Plan 3: BUY XAUUSD zone 2424 - 2427 SL 2421 TP 2432 - 2450 - 2480 - 2567.
OANDA:XAUUSD
by oakpotshy
2
Next stop 2400 for GoldMy last gold TA has played out, the RSI is currently oversold on the weekly and it is likely to retrace a bit, however the bullish trend and the rising bullish volume indicate it will probably keep going until about 2400 sat, which will meet a top end trend line as well as a higher lvl on a bullish Fib. If it dips, which it likely will, it should be a good time to buy it. I expect due to the overall bullishness 1750 would be my dip target, I expect it might finger down below this but not for any sustained amount of time. The simplest strategy would be to HODL, however there are likely some profitable trades you can take advantage of here. Fundamentally with the USD printer going Brrrrr , Gold is the safest bet.
FX:XAUUSD
by CatShark
3
Solana Likely To Test The Low $100 Area - Great Long OpportunityDespite greatly outperforming most of the crypto market recently and getting a higher high, Solana obviously couldn't avoid the global selloff that has been happening across all markets for the past week. The sell pressure might force Solana to a lower low in the $100-110 region, maybe even wick below $100 as stop losses get hunted and people get liquidated. There are several factors that make me believe this could be the bottom of the range we've been trading at for many months, and we'll be heading to new highs starting around September/October. The low $100 area has previously shown to have high liquidity, and has a positive volume delta since the low of January, indicating there's more buying than selling interest at that price. There's also the October anchored VWAP which has now reached $108. The upper 0.5 standard deviation band has acted as a support level for pretty much every dip so far this year, but we could see a test of the VWAP now that it has risen close to the local trading range. The Fib extension using the pivot highs and low of the trading range gives us the 1 level at $107, aligning with the VWAP. The ideal entry points which I'm looking for are $107.5, $102.5 and $97.5, as there's a high chance that there will be a lot of stops around these prices. Also be aware that there might be a double bottom first before price goes up again, which is often the case for major trend reversals, and has been for Solana's previous 2 dips. These usually also have a bullish RSI divergence which is good to keep an eye out for. Profit targets for this trade shorter term could be around like $180-$200, longer term would be at some future new ATHs, which might be around some of the Fib levels in the previous chart I published.
Long
by NoLimit_777
1
Short idea for XAU/USD (GOLD)Okay so we can see on the chart that the price is moving into a zone that we got some resistance in the past at. What I want to do now here is see if we could get a chance to go short here if we do get a hit at that level. Entry: (Around) 2471.854 SL: 2488.787 TP1: 2444.464 TP2: 2397.153 TP3: 2362.293 Once we get a hit of the TP1 we will be moving our SL to entry and let the trade run. I will be looking to close it all at around the percentage. So each TP will be around 33% of the trade closed.
OANDA:XAUUSDShort
by MaBaCapital2
Gold Analysis==>FallingGold is moving in the Heavy Resistance zone($2,484-$2,431) and Resistance line . According to the theory of Elliott waves , Gold seems to have succeeded in completing a Zigzag Correction(ABC/5-3-5) near the resistance line . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to GO down to at least the Support line . Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
1