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Xau-usd

FNV, GOLD-Mine GEM to Complete Historical Triangle-EXPANSION!Hello There! Welcome to my newest idea about FNV from the gold market perspective. In recent times, the gold market is approaching severe developments that could lead to major price-action disruptions in any case, especially with the important underlying dynamics to consider as I am doing it within the market. Major innovations and implementations within the gold market sector have the potential to accelerate the price-action dynamic so that stocks like gold mine stock have the potential to move on with historical breakouts like never seen in the gold market history. I have mentioned the gold market developments already in previous ideas and with FNV I have spotted a new gem within the market that can unfold its whole potential with the major gold-backed currency-system implementation developments ongoing. Historical Gold Market Developments and What Should be Derived for Today´s Market: Throughout history, gold rushes have shown that the market had the ability to convert the gold market into exponential growth rates almost overnight. Today, with the appropriate technology and innovation provided by a fourth industrial evolution development such measurements within the gold market can top everything seen before in the gold market history. An implementation of a gold-backed currency system even in a small or medium-sized economy field is going to accelerate the demand for gold and therefore also gold mines as it is the case with FNV in such a manner that a major breakout of the established price action will almost be inevitable. Major Formation to Increase the Potential for a Massive Trend-Acceleration Simultaneously With a Gold-Backed Currency-System Implementation. FNV is forming this gigantic epic ascending triangle formation with several bullish bouncing within the whole trend direction and the major bullish wave already established before. Furthermore, FNV has major support zones within the whole structure determined by the triangle boundary, the 65-EMA, and the horizontal supports. Now as FNV already penetrates the upper boundary of the major ascending wedge formation this means that a final breakout of the triangle formation above the upper boundary is not far away and especially in this case the full acceleration and implementation of the new gold-backed currency system could be one of the primary triggers of such a final breakout. Upcoming Perspectives, Determinations, Targets, and Underlying Dynamics as well as the Overall Gold Market to Consider for a Conversion-Breakout Wave-Expansion: Within my analysis, I spotted the most important metrics, key factors, and price levels to watch out for within the current development, and therefore the finalization of the final breakout and acceleration of the price dynamic is not far away. Once a breakout above the upper boundary of the paramount triangle formation has shown up this is going to mark the origin setup of the huge expansion wave to accelerate within the whole chart. In this case, FNV is going to mark a target zone of at least a 180% continuation. Especially, when the gold-backed currency-system implementation appropriately moves forward simultaneously with the breakout and expansion wave C this is going to accelerate the dynamic even above the levels of the upper target zones. Especially, today we should look at history and see how innovations and important market changes could transform a market such as the gold market into epic price actions with growth rates above average. Taking this into the perspective of the market today this could be the origin of a major transformational market like never seen before. Therefore, it is necessary that the necessary technology is implemented to actually realize the full potential that results from a gold-backed currency system and the acceleration of gold mines. In this case, I am going to re-analyze the developments with the major key metrics to estimate the trend ongoing within the gold market. It will be an important development. In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated. VP
NYSE:FNV
by VincePrince
15
XAUUSD (GOLD): Why I'm still Bullish...Gold underpins the Chinese Yuan, it's underpinning the BRICS movement full-stop. Chinese economy is on the move... Recently, despite USD strength, Gold has maintained a HL, and I now see a reverse H&S forming. I expect FOMC to pause this week, and often FOMC is not the best for USD. I believe Gold has been forming a bull flag (which I calculate has been broken out of and retested), rather than a reversal of the current movement, at the very least it will re-challenge the ascending channel it broke out of. Gold seems ultra resilient despite dollar strength, a moment of dollar weakness (that I think we'll see this week) and I think it'll pump.
OANDA:XAUUSDLong
by Finchcliffe
XAUUSD 24/9/23XU is currently sitting in a monster range, we have tracked this thing bearish for the best part of last week, while we expect a bullish move we do have a few blocks stopping us from possibly shifting up into our upper 50% of this range. firstly we have a minor SWH that will act as an internal protected high that could let us find an entry to go higher if we break it, we could also see it shift price deeper towards our low giving us a run of the lows overall iam looking for a break of this high leading us to the untradable POI we have marked. open entries and watching out high is the key for an entry here on gold. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by PipSurfingSociety
XAUUSD, long- and shortterm TA, 17/09/2023 The amount of money that is now used in gold, is high compared to the last time we reached the 2050 range. Last time we went down much faster and touched a bottom around 1600 range, which was a lower low after a higher high at the time. The retest on 2050 was last May and since then little volume has been lost, which means that we may even experience a new ATH this year or early next year. In recent years, the amount of circulating money in stocks, currencies, etc. has increased tremendously and it has become normal to invest. Both long term, which mainly forms a foundation against lower lows and short term which ensures that we can break ATH. In addition, we must not forget that, for example, Bitcoin also affects how much money goes around in FXOPEN:XAUUSD , it is therefore known as the digital gold for a reason. Also, because there's a lot going on in the world that affects everything that has to do with money, I think we need to be careful with trading and analyze what they're going to do. Think of: Massive inflation everywhere, which could cause us to have another financial crisis. War between USA and Russia (and China?) Digital currency that creeps into our lives, think also of digital currencies that governments release. Brics countries that will trade their commodities in their own currencies. Corona that keeps letting you know it still exists. Environmental things that are apparently very important to governments while we can't change that. And probably a few more items that have an impact. On the 4 hour chart, we're still in a falling wedge pattern. A falling wedge means that there is a high probability of an uptrend when there is a breakthrough of the trend. When this breakthrough will happen is hard to say. Personally, I think it will happen in late September or October. Further in my technical analysis, I will try to explain why I think that. The 1 hour chart shows that a head and shoulder pattern has been formed. After the last shoulder is formed, it is clear that there is a downtrend towards 1900. At the end of June, this range was also a bottom, after which the price went up again. This means that there is a strong support around 1900. Personally, I don't think we're going to get below 1900. If that is going to happen, I expect at least bottom of 1880. After touching the price of 1900, it rose to a price of 1930 within 1 day, reaching the same high as the right shoulder. Next week could possibly be a beginning breakout to 2050, but I expect a strong resistance between 1935 and 1945 range. For now it has to break the 1930-1935 range. If that doesn't happen, we'll continue the downtrend and make a breakout later in the Falling Wedge.
FOREXCOM:XAUUSD
by bohole123
XAU / USD – HTF JOURNAL - WEEKLY SERIESThis is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the > FX:XAUUSD < We focus on the technical KEY points and KEY areas that will be relevant in the coming weeks & months. As soon as candlestick closes emerge that suggest a temporary direction for the price intra-day, I create a separate post below. This post will be under a similar name, which is as follows: " XAU / USD - JOURNAL - ACTIVE SERIES " (Includes: entries, stop loss & take profit levels) Once published, it will be added as a comment, and when this post is saved, you will receive a notification about it. How do I save an idea so that I receive a notification when it’s updated? MARKED POINTS OF INTENTION (POI) The all-time high from 2011 has been attempted to turn into support since 2020, which has been unsuccessful to date. At this moment, we are above this all-time high, running it for a retest. A 3-year RANGE has formed under this POI, which will serve as additional support. We are also in a downtrend channel whose upper trend line continues to be contested. Momentum indicators in the weekly TFs and higher are not meaningful; however, a small bearish divergence can be seen in the daily TFs. There are a lot of support areas standing in the way of a serious sell-off, which would have to be broken through first - both scenarios can thus not be ruled out | LONG / SHORT. Z - You have to understand the big picture to not drown in the noise of the small one - Z | ZielIstDieAutarkie | If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOST very much. Thank you and happy trading! Z
OANDA:XAUUSD
by ZielIstDieAutarkie
5
XAUUSD 17/9/23XU we have another clear example of a bullish swing range but overall, we know gold loves to take liquidity, so we could see the reversal from our unmitigated POI at our SWH but of course if we hit our swing low POI first then we go bullish it means most likely we are going higher. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by PipSurfingSociety
2
✨ NEW: XAUUSD ✨ BIG PICTURE (3D/1D) ✨ COUNTER-TRENDISR @ 2030.34 RESISTANCE @ 1970 TP1 @ 1860 TP2 @ 1760 (near major support) TP3 @ 1690 (aggressive) TP4 @ 1580 (aggressive) SUPPORT @ 1553.75 IBR @ 1490 FUNDAMENTAL ANALYSIS: It is important to keep in mind the current state of the US dollar. With its value decreasing, it is crucial to manage our short positions accordingly. We must be vigilant and keep a close eye on price action, as it can quickly return to the upside. It is important to note that unless the anchor @ 1451.43 is broken, XAUUSD remains bullish. This means that we should be prepared to take advantage of any potential opportunities that arise in the market. WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
OANDA:XAUUSDShort
by ProfessorCEWard
XAUUSD 27/8/23XU is the first of our USD correlated pairs and from this you will see a very similar markup for all of the USD related pairs. This setup is showing you we are looking for sell moves overall, BUT this range was created by a news events (Jackson hole) so we don't want to blindly follow the bias down when we know the news event ranges often prove many traders wrong, this is exactly why we don't jump in as we would with a normal trend move. So as it stands we are looking at a news range that tells us we want to run the sw low, we will wait for price to tap into our POI if it is willing to deliver to it, once we get to the POI we are only entering if we see a clear confirm and breakdown in our favour. Lets keep and open mind for this as we are fully aware of the probability of this playing out fully. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by PipSurfingSociety
XAUUSD 13/8/23XU here with another USD correlated setup which of course is showing us a downside bias, but of course we will stay tuned in and see where this really wants to go, overall we are a looking for shorts from to carry on lower into a new range. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by PipSurfingSociety
GOLD (XAUUSD): Expecting a strong reaction from hereIn my view we're getting to the end of Gold's sell-off, testing the weekly support, testing the daily descending fall line, coming to the end of a falling wedge. We're oversold on the lower timeframes, what's not to like about this buying opportunity! DXY is hanging on in there, with CPI tomorrow, like the news on Friday, I still don't expect DXY to break the falling resistance line, this should catapult gold. So, I'm waiting to get in on gold for a big move up!!
OANDA:XAUUSDLong
by Finchcliffe
5
GOLD (XAUUSD): Channel boundary test before the up?Gold, this is what I'm thinking for this week and longer term: On the LTF (4HR) I think we'll fall at the start of the week due to: DXY strength Reducing momentum (MACD) Rejection at 1963.5 Localised LHLL's EMA7 and EMA20 crossing below EMA50 If I see a suitable entry around the current level then I'll be in, looking for a first TP around 1940 and then on to the channel around 1931. This rising parallel channel border is major support, that 'should' carry Gold back to the ATH region of 2075. We've hit the ATH region 3 times: August 2020 - Pandemic March 2022 - War May 2023 - USD softening The current impulse move (from Nov 2022) is looking strong with solid monthly bull candles, limited (comparatively) rejection from 2067 (May 2022), so we 'may' well get a new ATH soon - my theory being 3 failed attempts to break 2075 makes the fourth more likely to do it, especially with the frequency between attempts increasing: August 2020 - March 2022 - 18 months March 2022 - May 2023 - 13 months May 2023 - > 7 months ?? (looking at my charts if it's going to happen it will be by November 2023) If this is going to happen, I think we need to see some push down onto the ascending channel boundary to create momentum; things are getting very squeezed in the upper corner of this triangle now, a lot of upward pressure. Fundamentally there's loads of reasons for gold to be strong: Interest rates set to fall USD / DXY unlikely to see highs of last year based on my other analysis India and China hold value in Gold Likelihood of other global disasters, war, global-warming etc Really interested to hear your opinion on this too, what do you think?
OANDA:XAUUSDShort
by Finchcliffe
2