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Xau-usd

Buy XAUUSD Channel PatternGold (XAU/USD) might be gearing up for a climb, showcasing a bullish channel pattern on its H1 chart. This pattern suggests a gradual increase in buying pressure, potentially leading to a breakout towards higher prices. Bullish Channel: The price has been oscillating within a channel with rising support and resistance lines, forming a Shape. This often indicates building buying pressure as the price range narrows. Buy Entry: Consider entering a long position around the current price of 2023, which offers a potential entry point near the channel support. Target Levels: Initial bullish targets lie at the resistance levels of 2043 and 2054, marking the upper boundaries of the channel. Stop-Loss: To manage risk, place a stop-loss order below the channel support at 2013. Key Points: Weakening US Dollar: A potential slowdown in US interest rate hikes and concerns about the American economy could weaken the greenback, benefiting gold prices. Geopolitical Tensions: Rising tensions in various regions like the Middle East and Ukraine could trigger risk aversion, driving investors towards safe-haven assets like gold.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
13
GOLD - Price can little correct and then continue to move upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to support line of triangle from support level, which coincided with support area. Then Gold made strong upward impulse to resistance level, which coincided with resistance area, breaking $1980 level. But price turned around and soon fall to $1980 level, after which XAU repeated movement up to resistance area. Gold made fake breakout and in a short time declined to support line, and also tried to grow again, but failed. A not long time ago, Gold bounced from this line and started to grow, so I think that price can first make correction to $2030 points. After correction, price will turn around and continue to move up to $2075 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
HelenP. I Gold can break trend line and then continue to growHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price not long time ago made an impulse downward from the resistance zone, which coincided with the resistance level to the support level. After this, the price tried to rise, but failed and declined even below the 2020 support level, which coincided with the support zone, but soon XAU turned around and made a strong impulse up to the trend line, breaking the 2050 resistance level again. Next, the price bounced from this line and in a short time declined to 2000 points, thereby breaking 2050 and 2020 levels one more time. After this movement, Gold turned around and rose higher than the support level, breaking the 2020 level again and some time traded near this level. But when XAU made a fake breakout of the trend line it made impulse down to the support zone, and even fell lower, but recently price rose back and now trades close to the support level. I expect that Gold will make a correction to the support level and then rise to the trend line. After this movement, XAU can try to break this line, after which the price will continue to move up. Therefore I set my target at the 2040 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
1
XAU/USD 22 Jan 2024 Daily Analysis-> Swing: Bullish. -> Internal: Bearish -> Has reached EQ. Price pulled back following bearish iBOS and is reacting to 50% EQ of the internal structure marked in green and daily demand zone. Price is currently trading within internal high and fractal low. Expectation: Price to target weak internal low. Current demand zone to be respected. In the event price continues to trade bullish the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow.
OANDA:XAUUSD
by Khan_YIK
XAU/USD 19 Jan 2024 Intraday Analysis -> Swing: Bullish. -> Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Currently price has printed a bearish iBOS where we are now in the pullback phase. Price has printed a bullish CHoCH which is the first sign (but not confirmation) that internal pullback has initiated. Internal EQ is marked in green. Expectation is for price to continue bullish and react at M15 and H4 POI's, which it currently is. Price anticipated to target weak internal low.
OANDA:XAUUSD
by Khan_YIK
XAU/USD H4 ANALYSIS-> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. First structural sign of pullback initiation was the bearish iBOS. Price pulled back to beyond EQ where we saw reaction at POI's. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure is bearish. After iBOS we expect pullback which is underway Price is trading near extreme internal low and reacting at H4 POI. Expectation is for price to target weak internal low priced at 2013.390.
OANDA:XAUUSD
by Khan_YIK
Gold can make upward impulse from support line to 2060 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price recently rebounded from the 2030 support level, which coincided with the support line of the pennant and made a strong upward impulse to the resistance line, breaking the 2060 resistance level, which coincided with the seller zone. After this, Gold bounced from the resistance line and made a downward impulse to the seller zone, exiting from the pennant, and soon the price broke the 2060 level too and declined lower. Also then, the price started to decline in a downward channel, where it fell below even the 2030 support level, which coincided with the buyer zone. Later Gold bounced from the support line of the channel and rose to the resistance line, breaking the 2030 support level again. At the short time later price exited from the channel and started to trades in one more upward pennant, where it continues to trades near the support line at the moment. Possibly, Gold can rebound from the support line and rise to the resistance line of the pennant. After this, XAU can make a little correction, after which it continues to move up to the resistance level, thereby exiting from the pennant. So, I set my target at the 2060 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
Gold plunges as investors await fresh cues about Fed rate cutsGold price has been hit hard amid uncertainty over US Retail Sales and Industrial Production data. A strong US Retail Sales data would provide more room for the Fed to maintain higher interest rates. •Further escalation in Middle East tensions could bring some revival in the gold price. Gold price (XAU/USD) witnesses a sell-off after failing to reclaim the weekly high above $2,060. The precious metal drops as investors reconsider the timeframe in which the Federal Reserve (Fed) may reduce interest rates. This comes after the release of the sticky Consumer Price Index (CPI) report for December, as well as hawkish comments from European Central Bank (ECB) officials recalibrating broader market expectations. While markets continue to lean towards a rate cut decision in March, policymakers are in no hurry to endorse a dovish stance on interest rates. The consumer price inflation in the United States economy is almost double the required rate of 2%, labor demand is steady and the chances of a recession are low despite interest rates remaining in the range of 5.25-5.50%. This would allow Fed policymakers to maintain a restrictive monetary policy stance for the time being. Going forward, monthly US Retail Sales, the Industrial Production data and the Fed's Beige Book are expected to provide fresh cues about the interest rate outlook. Daily Digest Market Movers: Gold price falls sharply as US Dollar, yields recover Gold price corrects to near the crucial support of $2,040 as the US Dollar Index (DXY) has recovered sharply ahead of crucial United States economic data for December. A strong run-up in the precious metal that was propelled by firm bets in favor of early rate cuts by the Federal Reserve and deepening Middle East tensions, has stalled for now. • As per the CME Fedwatch tool, chances in favor of an interest rate cut in March have eased nominally to 66% against 70% recorded earlier. A gradual decline has come as investors are reconsidering strong optimism for Fed starting the rate-cut cycle from March after getting mixed cues from stubbornly higher headline consumer price inflation and softer factory gate price data. Investors would get more cues about when the Fed could plan rate cuts after the release of the monthly US Retail Sales and Industrial Producer data, which are due to be released on Wednesday. • Retail Sales are expected to have grown at a higher pace of 0.4% against 0.3% increase in November. Consumer spending excluding automobiles is estimated to have grown at a steady pace of 0.2%. • The Industrial Production data is seen stagnant against 0.2% growth in November on a monthly basis. Upbeat economic data would comfort Fed policymakers for maintaining a restrictive monetary policy stance while a soft report will firm the case of rate cuts in March. • Before that, commentary from Fed Governor Christopher Waller will be keenly watched by market participants. Investors are eager to know how the Fed is considering the timeframe for the rate-cut cycle after the release of sticky consumer price inflation data. • The appeal for the gold price has not been impacted on a broader basis as crises in the Middle East region have deepened after the airstrikes from the US and the United Kingdom. Iran-backed Houthi rebels have threatened to retaliate for attacking groups in Yemen, which will keep risk sentiment on its toes. • The US Dollar Index has broken to a new high slightly above 103.00 as investors hope that other central banks will also start reducing interest rates earlier than previously projected. Meanwhile, the 10-year US Treasury yield has rebounded swiftly above 4.0%. Technical Analysis: Gold price corrects to near 20-day EMA Gold price has faced a sharp sell-off after failing to recapture the weekly high of $2,062. The precious metal has dropped to near $2,040 and is expected to remain on tenterhooks before getting fresh cues about the timing of rate cuts from the Fed. The yellow metal has surrendered entire gains generated on Monday and has corrected to near the 20-day Exponential Moving Average (EMA), which trades around $2,039. More downside could appear in the gold price if it fails to defend the January 3 low of $2,030, which will expose it towards the psychological support of $2,000.
OANDA:XAUUSDShort
by sniper_2022
XAU/USD H4 ANALYSIS-> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. First structural sign of pullback initiation was the bearish iBOS. Price pulled back to beyond EQ where we saw reaction at POI's. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure is bearish. After iBOS we expect pullback which is underway Price reached internal EQ and reacted at a POI. Expectation is for price to target weak internal low.
OANDA:XAUUSD
by Khan_YIK
XAU/USD 15-19 Jan 2024 Weekly Analysis This is my weekly analysis for XAU/USD: -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. As price has not yet reached 50% EQ and price is still in pullback phase in the premium swing/internal, therefore, I would be looking to short. Price has rejected the Weekly weak Swing High but respected the weekly strong internal high. Price wicked in excess of Weekly Swing high but failed to close above. This presumably was to sweep liquidity above the strong internal high. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated. As mentioned last week, request to LTF's would be to shift bearish.
OANDA:XAUUSD
by Khan_YIK
1
Gold - 4H bullish signalsHey everyone! Let's dive into what's going on with gold after the CPI news. We saw a spike, followed by a channel formation. But after losing channel support, I'm expecting gold to enter a trading range, starting with the first pullback post-spike. Notice how gold experienced three bearish pushes, each weaker and shallower than the last, barely breaking the previous lows. So, what's next? I'm predicting a rise. This could be further fueled by the delay in rate cuts amid ongoing inflation and the looming recession.
FX:XAUUSDLong
by Sober_Trading
XAUUSD H4 Triangle PatternEconomic Data: US Non-Farm Payrolls (NFP): Released on Friday, January 6th, the NFP report showed stronger-than-expected job growth, potentially raising concerns about inflation and future interest rate hikes. This could push investors towards the safe-haven gold, providing it with some support. US Consumer Price Index (CPI) (Jan 11, 2024): Inflation remains a key concern, and a higher-than-expected CPI could boost the dollar and put downward pressure on gold. Geopolitical Events: Tensions between Russia and Ukraine: The ongoing conflict in Eastern Europe continues to be a source of uncertainty for financial markets. Any escalation in tensions could lead to a flight to safety and boost gold prices. Weekly Forecast (Jan 8 to Jan 12) : XAU/USD - H4 Chart - Triangle Formation Price must need to break Triangle and Retest, then only able to take Entry. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
OANDA:XAUUSDShort
by KABHI_TA_TRADING
17
GOLD - Price can make a small movement down and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it in a short time reached $1975 level, which coincided with support area and broke it. Then Gold made retest and after this it made impulse up to resistance line of channel, but soon made little correction. After correction, XAU bounced up to resistance line of wedge, thereby exiting from channel and breaking $2065 level. But soon, price bounced of resistance line and made downward impulse to support line, breaking $2065 In wedge, price made fake breakout of this level and after this, it fell to support line, where Gold trades now. Possibly, price can fall lower than support line and bounce up to $2085 resistance line, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5