!!! GOLD !!! - Classic H&SHi,
We have a head and shoulders classic in the next few hours
This is just an idea!
Take care!
Xau-usd
Gold - 4H , Are you ready for a dip correction?In the 4H and Daily chart, XAUUSD has exhibited three pushes, and today the price consolidated under the trend line. This formation is an ascending channel, which can break from the top, but the last bullish leg didn’t have enough pullbacks. It seems bulls are taking some profits now, indicating a potential fall from this area.
Could Gold bounce from here?The price is falling towards the support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,423.36
Why we like it:
There is a pullback support level which is slightly above the 50% Fibonacci retracement.
Stop loss: 2,391.64
Why we like it:
There is a pullback support level.
Take profit: 2,453.68
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Buy Gold (Xau/Usd) Triangle BreakoutThe XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2419.
Target Levels:
1st Resistance – 2446.50
2nd Resistance – 2462
Stop-Loss: To manage risk, place a stop-loss order below 2390. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
!!! GOLD !!! - TRUE ?Hi,
With the rapid advancement outside the main market we can now consider something bigger
This is just an idea.
Take care!
Gold (Xau/Usd) H4 Descending TriangleThe XAU/USD pair on the H4 timeframe Formation of Descending Triangle Pattern.
This suggests a shift in momentum towards the upside in this week.
Weekly Forecast - July 15 -19 :
Target Levels:
1st Resistance – 2494
2nd Resistance – 2540
Thank you.
XAUUSD 14/7/24XAU (Gold)
Following last week's markup, the hourly new bullish directional bias played perfectly into the bias we provided on Wednesday for the bullish hourly range to hold. We now have a new 4-hour high and low, which gives us another bullish range heading into this week.
The options we have for this week are:
The price liquidates our high, pulls back into the area of demand, and then goes bullish.
If the area of demand is contacted and fails, the price falls into the larger higher time frame area of demand.
If both areas of demand fail, we will look for a run of the liquidity built up last week, leading us into a bearish bias for this week. However, as it stands, we are looking for the bullishness to continue. Even if we pull down into the lower areas of demand, we will still look for bullishness once we get there.
Remember, the overall principle here is to focus on areas where the price could react and consider possible moves. Only if the price gets to these areas can we really begin to capitalize on them.
Gold (Xau/Usd) Triangle in H1The XAU/USD pair on the H1 timeframe Formation of Triangle Pattern.
1. Wait for Price Breakout with Strong Volume Candle and then Only take Entry.
Thank you
Falling towards 50% Fibonacci support?The Gold (XAU/USD) is falling towards the pivot and could potentially bonce to the 1st resistance.
Pivot: 2,367.73
1st Support: 2,355.13
1st Resistance: 2,391.09
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAUUSD - Gold 4hrSimple Trading - Head and shoudlers
Gold is still consolidating between 2350-2370. Expect gold to continue the range and let's take advantage of the sideways market.
Has new 2350 become new support?? If gold manages to stay above this price, look to buy gold to 2415. (this should be the daily "W" pattern target) - see previous daily chart below.
*These are just my thoughts, not financial advice.
No bigger driver for Gold than inflation this week? This week's economic calendar is dominated by US inflation data, with the Consumer Price Index (CPI) and Producer Price Index (PPI) set for release.
Expectations are for a further decline in inflation, potentially strengthening the case for multiple Federal Reserve interest rate cuts this year. Economists polled by Reuters forecast annual consumer price inflation to have eased to 3.1% in June, down from 3.3% in May.
An interesting development today: Federal Reserve Chair Jerome Powell, in his appearance before the Senate Banking, Housing, and Urban Affairs Committee, expressed concerns about the potential risks of maintaining high interest rates for an extended period, which could threaten economic growth, CNBC reported.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
Gold prices edged higher, with XAU/USD trading at $2,364, up over 0.25%. The first resistance level for gold could be July 5 high at $2,392. On the downside, if nearer support levels fail, the next support zone could be the May 3 low of $2,277.
GOLD - Price can exit from wedge and fall to $2320 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to pennant, where it bounced from resistance level and rose to resistance line of pennant.
After this, price made downward impulse lower $2375 level, breaking it and then rose to this level again.
Price fell to support line of pennant, after which in a short time rose to almost resistance level, exiting from pennant.
Then price started to trades inside wedge, where it first declined to support line and then bounced up to $2375 level.
Gold made a fake breakout of this level, after which started to decline, and now it trades near support line of wedge.
Possibly, Gold can rise to resistance level and then bounce down to $2320, exiting from wedge.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Gold can correct to support level and then rebound upHi folks today I'm prepared for you Gold analytics. A not long time ago price declined to support 2, which coincided with a support zone, and then at once rebounded up to support 1, which coincided with one more support zone. After this movement, the price turned around and made impulse down to support 2 and even lower than this level, thereby breaking it. Also, the price reached the trend line and then started to grow in an upward channel, where it broke support 2 one more time and later reached the resistance line of the channel. After this movement, the price made correction to the support line of the channel, which is the trend line also, and then rebounded up almost to support 1, thereby exiting from the channel. Later XAUUSD broke this level and continued to rise, until it reached 2392 points, after which it made a correction movement to one more support zone. Now, price trades near this area and I expect that XAUUSD will fall to the support level and then rebound up, therefore I set my goal at 2400 points. If you like my analytics you may support me with your like/comment ❤️
Could Gold reverse from here?The price has reacted off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could potentially drop from this level to our take profit.
Entry: 2,392.46
Why we like it:
There is a pullback resistance that aligns with the 127.2% Fibonacci extension.
Stop loss: 2,409.47
Why we like it:
There is an overlap resistance level.
Take profit: 2,364.45
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAUUSD - Gold DailySimple Trading - "W" Pattern
Gold has made its way back to 2390.
Gold will be looking to retest 2350-2360 to confirm new support. If gold manages to stay above this price, look to buy gold top 2415. (this should be the daily "W" pattern target)
*These are just my thoughts, not financial advice.
Could Gold fall from here?The price is currently reacting off the pivot and could drop to the pullback support.
Pivot: 2,392.08
1st Support: 2,364.99
1st Resistance: 2,413.42
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAU/USD H1 Channel Formation The XAU/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:XAUUSD
Key Points:
Sell Entry: Consider entering a short position around the current price of 2357, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2328
2nd Support – 2309
Stop-Loss: To manage risk, place a stop-loss order above 2370. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GOLD - Price can bounce from resistance area and continue riseHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price declined to support level, which coincided with support area, and at once started to grow.
In a short time, Gold reached $2360 level and even entered to resistance area, but soon bounced down.
Also, price entered to pennant, where it declined from resistance line to support line, after which started to rise.
Price broke $2310 level and later exited from pennant, after which in a short time reached $2360 level again.
A not long time ago Gold broke this level and now trades in resistance area, so, I think it can make little correction.
After this, price will turn around and continue to move up to $2395
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Buy XAUUSD Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2326, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels :
1st Support – 2351
2nd Support – 2365
Stop-Loss: To manage risk, place a stop-loss order below 2316.50 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Gold (Xau/Usd) Triangle in H1The XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2331
Target Levels:
1st Resistance – 2358
2nd Resistance – 2378
Stop-Loss: To manage risk, place a stop-loss order below 2317.50. This helps limit potential losses if the price falls back unexpectedly.
Thank you
Bearish reversal?XAU/USD is rising towards a resistance level which is an overlap resistance which aligns with the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,359.84
Why we like it:
There is an overlap resistance level which aligns with the 88% Fibonacci retracement.
Stop loss: 2,374.88
Why we like it:
There is an overlap resistance level.
Take profit: 2,334.54
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?The Gold (XAU/USD) is rising towards the pivot which is an overlap resistance and could reverse to the overlap support.
Pivot: 2,361.02
1st Support: 2,334.64
1st Resistance: 2,387.93
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
HelenP. I Gold can fall to $2280 points, breaking support levelHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price some days ago rebounded from the support level and made a strong impulse up to the trend line, thereby breaking the resistance level, which coincided with the resistance zone. After this movement, the price turned around from the trend line and in a short time declined lower than the 2385 level, breaking it one more time. Next, the price declined a little more, and then some time traded near the 2310 support level, after which turned around and in quickly rose to the resistance level. After this movement, the price made an impulse down from the resistance level and fell to the support zone, but soon turned around and rose higher than the support level, making a fake breakout. Later price also broke the trend line, but after this, GOLD rose a little and then made impulse down, breaking this line one more time. Price fell lower support level, but a not long time ago it rebounded from the support zone and rose higher than the 2310 level and trend line as well. Just now, the price trades near the trend line and I expect that XAUUSD will decline to a support level, breaking the trend line. After this, the price can break the support level and continue to fall, therefore I set my goal at 2280 points. If you like my analytics you may support me with your like/comment ❤️
