Get started

Xau-usd

Gold: Buying OpportunitiesGold broke out of a bullish flag pattern targeting $2026. However, profit-taking and the need for liquidity may push it to $2060. I suggest buying between $1996-$1980, which has many support levels. If the price rises before correcting past $2030, it may continue to rise without correction. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:XAUUSDShort
by Candlestick_OB
2
XAUUSD Potential Forecast | 10th April 2023 Technical Confluences 1. GOLD is reached the 2k regions. 2. Important psychological level/ all time highs at 2067. 3. Bullish trend on GOLD with HH and HL forming. 4. Price has rejected the H4 support at 1989 and is currently showing bullish PA. Idea We are looking for price continue heading bullish to tap into the nearest swing high at 2032. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAUUSDLong
by OlympusLab
XAUUSD...DTPB (45m)TP1 @ 2020 conservative BLO @ 1968 SL @ 1945 ADDITIONAL INFO: — The BIG PICTURE for this instrument is an UT — However, I'm anticipating being able to capture this UT at a lower price point — Expect ALL NEW HIGHS over the years, due to the UT formation on the 4D — Due to ALL NEW HIGHS, you'll have to monitor your positions with a Trailing Stop (Manual) — This will be a long term investment BLO = Buy Limit Order DTPB = Downtrend Pullback SL = Stop Loss TP = TAKE PROFIT UT = Uptrend
OANDA:XAUUSDLong
by ProfessorCEWard
Gold Outlook 3 April 2023Gold traded with choppy price action on Friday as it reach the 1985 price level but failed to sustain a continual move to the upside. With the price breaking the short term bullish trendline, and currently trading at the 1952 level, Gold could continue trading lower to retest the near term support level of 1936, especially if the DXY continues to regain in strength. Look for Gold to continue trading within the wide range of 1936 and 2000 in the medium term.
OANDA:XAUUSDShort
by JinDao_Tai
1
Gold Outlook 30th March 2023Similar to the DXY, Gold has been trading with no clear directional bias with the price fluctuating along the 1965 price level Anticipating further downside on the DXY and as Gold maintains supported by the upward trendline, look out for a possible breakout to the upside. A confirmation of the move to the upside would be signaled if the price breaks above 1980, but the key resistance level of 2000 is likely to hold strong. However, anticipate choppy price action as the market adopts a risk-on sentiment, which is likely to lead to some shift away from Gold.
OANDA:XAUUSDLong
by JinDao_Tai
Gold Outlook 29 March 2023Gold continues to trade with no clear directional bias as the 1970 resistance level continues to limit significant upward moves. As the DXY consolidates between 102 and 102.50, Gold is likely to maintain within the current range of 1936 and 1970. Although the longer term view of the US Dollar is for further weakness, the current retracement on the DXY is presenting some downside potential for Gold. Look for Gold to trade down to the 1936 key support level in the short term.
OANDA:XAUUSDShort
by JinDao_Tai
Gold Outlook 28 March 2023The double top chart pattern discussed yesterday on the H4 and H1 timeframe worked out nicely as Gold broke below 1970 to trade down, pausing at the 1945 price level. Although the price retraced slightly higher, Gold is likely to continue trading within the wide range of 1936 and 2000 (1970 the mid way mark), with the key resistance level proving very hard to break beyond. Only a significant move on the DXY could see Gold develop a stronger directional bias, with a move to the upside the more likely scenario. In the short term, look for the price to retest the 2000 key resistance level.
OANDA:XAUUSDLong
by JinDao_Tai
Gold: Key levels to watchGold FOREXCOM:XAUUSD formed a double top pattern and broke below the neckline. I will wait for confirmation of a rebound from the neckline area at 1985.35, which is the 23.60% Fibonacci retracement level and the 50-period moving average on the hourly timeframe. If the price stays below this level, it is a sell signal targeting 1963 and 1954. However, if the price continues to rise and breaks above 2003, it is a buy signal, and the price can be bought at this level or on a retest. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:XAUUSDShort
by Candlestick_OB
Gold Outlook 27 March 2023On the H4 timeframe, Gold forms a double top chart pattern (20th March & 24th March) as the 2000 level holds strong resisting further upside moves. On the H1 timeframe, a similar double-top formation is formed on the 24h of March. It is likely that the recent strength of the DXY and the formation of these chart patterns led to Gold trading lower, to the 1970 price level. If the price of Gold breaks below 1970, this would not only signal a confirmation of the double-top formation on the H4 timeframe, it could indicate further downside for Gold, with the next support level at 1936. However, while the uptrend on Gold is still strong, in the longer term , look for potential buying opportunities.
OANDA:XAUUSDShort
by JinDao_Tai
1
Gold Outlook 24 March 2023Gold approaches 2000 again. But it looks like Gold could reject 2000 again. The last time when Gold reach the 2000 level (and breached it slightly by forming a new high of 2008) the price retraced down to the 61.8% fib level, which was 1940 price area. A confirmation of a stronger retracement to the downside would be signaled if the price trades below the 1977 price level which coincides with the 38.2% Fibonacci retracement level. However, anticipating further downside for the DXY, it is likely that Gold could continue with the uptrend. Therefore, look for buying opportunities on retracements of Gold, with the key resistance levels at 2000 and 2070
OANDA:XAUUSD
by JinDao_Tai