Sell XAUUSD Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2343, positioned close to the Top of Channel level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2320
2nd Support – 2311
Stop-Loss: To manage risk, place a stop-loss order above 2354. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Xau-usd
TRADE SETUP ON XAUUSDHey Trader,
Check out this analysis on XAUUSD.
A long entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
Bullish bounce off pullback support?XAU/USD is falling towards a support level which is a pullback support that is slightly below the 127.2% Fibonacci extension and could bounce from tis level to our take profit.
Entry: 2,307.18
Why we like it:
There is a pullback support level which is slightly below the 127.2% Fibonacci extension.
Stop loss: 2,286.32
Why we like it:
There is a pullback support level which is aligns with the 61.8% Fibonacci projection.
Take profit: 2,361.34
Why we like it:
There is a pullback resistance level.
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 (Toward 2327!!!) or yet... Technical Analysis of Gold
The price remains stabilized in the bearish area, as indicated by the closing of the 4-hour candle below the support line. The price is expected to move between 2348 and 2327. As long as it trades below 2347, a drop to 2327 is anticipated.
The bullish scenario will be activated if the price stabilizes above 2348, targeting 2364 and 2369.
Pivot Price: 2344
Resistance Levels: 2354, 2369, 2388
Support Levels: 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2302 and the resistance level at 2355.
previous idea:
GOLD (To 2369$) Fed's Inflation Measure Up 0.2% in AprilFed’s Preferred Inflation Measure Rises 0.2% in April, as Expected
According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline.
The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2% for the period, matching the Dow Jones estimate.
On an annual basis, core PCE rose by 2.8%, 0.1 percentage points higher than the estimate.
Including the volatile food and energy categories, PCE inflation was 2.7% annually and 0.3% from the previous month. These figures were also in line with forecasts.
Technical Analysis of Gold
The price has stabilized in the bullish zone, particularly after the PCE result came in at 0.2%.
The first bullish targets are 2364 and 2369. After reaching these levels, the price is expected to move between 2369 and 2354 until a breakout occurs.
Volatility is expected to remain high until the market closes.
Pivot Price: 2347
Resistance Levels: 2369, 2388, 2397
Support Levels: 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2335 and the resistance level at 2397
Gold is heading to 2260$ zone(3/31/2024)After reaching the 2450$ zone, xauusd OANDA:XAUUSD faced a huge sell pressure that led the gold price to fall into the 2326 zone sharply.
We believe the price has more room to fall more until it reaches the 2250-2260$ zone.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Gold has a strong bearish momentum, could it fall further?The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse from this level to the 1st support.
Pivot: 2,360.43
1st Support: 2,325.31
1st Resistance: 2,373.40
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.
Heading into overlap resistance, could it reverse from here?XAU/USD is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,373.83
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 2,396.28
Why we like it:
There is a pullback resistance level which is slightly below the 81.8% Fibonacci retracement.
Take profit: 2,328.59
Why we like it:
There is an overlap support level
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): Was it a Fakeout?We're currently back inside the dynamic rising trendline, I'm expecting a further push up and then a retest and then I'm getting back in.
I'll set TP's at:
2405 - resistance
2445 - just below previous high
2500 - 41% Fib Extension / Good target number
Not sure what's going on with USD ATM as per my earlier post, however geo-political tensions are growing significantly so I'm expecting more speculation on gold.
GOLD New Outlook (still bearish or reversed!)Technical Analysis of Gold:
The price reached our previous target of 2327 and then reversed.
Closing a 4-hour candle above 2344 suggests it will likely reach 2354, with the potential to touch 2369 as well. However, if the price remains below 2344, it indicates a drop back to 2327 as the first target.
Pivot Price: 2344
Resistance Levels: 2354, 2369, 2388
Support Levels: 2327, 2318, 2302
Today's anticipated trading range is between the support level at 2305 and the resistance level at 2369.
previous idea:
Heading into 38.2% Fibonacci resistance?The Gold (XAU/USD) is rising towards the pivot which has been identified as an overlap resistance and could potentially reverse to the 1st support.
Pivot: 2,372.52
1st Support: 2,325.45
1st Resistance: 2,397.30
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.
GOLD (interest rates would remain elevated for a longer period)Gold prices fell to a one-week low on Thursday, marking the third consecutive session of decline. This drop is attributed to profit-taking following the release of the Federal Reserve's latest meeting minutes, which suggested that interest rates would remain elevated for a longer period.
Technical Analysis of Gold:
The price of gold declined after breaching the 2410 level, hitting our previously mentioned targets.
Currently, gold maintains a bearish outlook, likely to reach 2354 and 2344 due to the ongoing high inflation rates addressed by the Federal Reserve.
However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388.
Pivot Price: 2369
Resistance Levels: 2388, 2397, 2410
Support Levels: 2354, 2328, 2308
Today's anticipated trading range is between the support level at 2344 and the resistance level at 2388.
Previous idea:
Could price bounce from here?Gold (XAU/USD) has just reacted off the pivot which has been identified as an overlap support and could potentially rise to the 1st resistance.
Pivot: 2,328.50
1st Support: 2,287.12
1st Resistance: 2,373.25
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.
Potential bullish rise off overlap support?XAU/USD has just bounced off the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and could potentially rise from this level to our take profit.
Entry: 2,375.22
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 2,357.98
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 2,407.98
Why we like it:
There is a pullback resistance level which is slightly below the 61.8% 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.
Potential bullish rise?Gold (XAU/USD) has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 2,409.34
1st Support: 2,372.23
1st Resistance: 2,474.46
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 will rebound of resistance zone and start fallHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the trend line, and even fell lower, breaking this line, but soon turned around and made impulse up to the 2275 support level, which coincided with the support zone. Soon, Gold broke this level, made a retest, and continued to grow to the resistance level, which coincided with the resistance zone too, after which rebounded and declined to the trend line. Then the price broke this line again and fell to the 2275 support level, where it some time traded and later rebounded and started to move up to the 2430 level. When Gold reached the resistance level, it even entered to resistance zone, but after it touched the trend line, XAU at once rebounded and declined below the 2430 level, making a fake breakout. Just now, the price continues to trades near this level and I expect that Gold will enter to resistance zone again and then start to decline. Therefore I set my goal at 2355 points. If you like my analytics you may support me with your like/comment ❤️
XAUUSD Bullish scenario - 4HRSimple trading - Cup and handle pattern
Watch gold to see if the handle will be filled. I have marked the probable retracement using the FIBB (purple lines) If gold manages to hold above .618 or 2340 we can look to continue buying.
With the DXY making its way back up after testing previous support (104.05) it is only a matter of time before GOLD gets the pullback it deserves. If GOLD wants to remain bullish on the macro level it needs to make a macro pullback to gain its momentum.
This week Powell gave the dollar a bullish outlook for the remaining quarters. With a natural dollar into Q2, start taking profits on buys and get ready for more sell pressure in the markets.
**Gold bearish scenario will come out this weekend if gold remains below 2400.
These are just my thoughts, not financial advice.
Potential bullish rise off 38.2% Fibonacci support?XAU/USD has just bounced off the support level which is an overlap support that lines up with the 38.2% and the 50% Fibonacci retracement and could potentially rise from this level to our take profit.
Entry: 2,374.74
Why we like it:
There is an overlap support level which lines up with the 38.2% and the 50% Fibonacci retracement.
Stop loss: 2,358.30
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 2,397.10
Why we like it:
There is a pullback resistance level.
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.
Could price drop from the 61.8% Fibonacci resistance?The gold (XAU/USD) has just reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support.
Pivot: 2,359.93
1st Support: 2,331.99
1st Resistance: 2,378.45
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.
Potential bullish bounce off 61.8% Fibonacci support?Gold (XAU/USD) has just bounced off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance.
Pivot: 2,331.93
1st Support: 2,306.80
1st Resistance: 2,377.03
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 12/5/24For this week on gold we're looking for price to play within the bullish range that it created on Friday price played pretty much perfectly within our bias that we gave out last Sunday. Following the same principle we have tapped into the 50% of the bearish auto block above meaning that we are expecting price to drop lower and break out of the range that we are in currently in or for this range to hold and take us to a new all time high which would be above the daily high that we have marked on our chart here.
Points to watch for this week are the order block we have marked which is the one responsible for taking us higher out of the trend line liquidity structure that we have marked, The lower 50% of the order block that created are new range and the fifty percent of the higher time frame water block that we are currently reacting off of. personally I am expecting price to drop down at the beginning of the week giving us eight possible bullish scenario midweek but of course the red folded news will determine this we are overall bullish on the major higher time frames for this pair so I am looking for bullish movements if we do maintain this range.
Read what price shows you and follow the trend! always trade with the correct risk!