Get started

Xau-usd

XAUUSD Potential for Bearish Drop to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Price is currently retesting the overlap support at 1824.515. Looking for a sell stop entry at 1816.137, to ride the bearish momentum. Stop loss will be at 1844.870, where the overlap resistance is. Take profit will be at 1786.545, where the overlap support is. 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.
OANDA:XAUUSDShort
by VantageMarkets
1
XAUUSD Potential for Bearish Drop | 24th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. To add confluence to this bias, price is also along a descending trendline. Price is currently retesting the overlap support at 1824.515. Looking for a sell stop entry at 1816.137, to ride the bearish momentum. Stop loss will be at 1844.870, where the overlap resistance is. Take profit will be at 1786.545, where the overlap support is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:XAUUSDShort
by Rockqet
1
XAUUSD Potential for Bearish Drop | 23rd February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell stop entry at 1818.975, to ride the bearish momentum. Stop loss will be at 1844.870, where the overlap resistance is. Take profit will be at 1786.545, where the overlap support is. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
OANDA:XAUUSDShort
by Rockqet
1
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1854.9 Pivot: 1827.7 Support: 1787.2 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting price to possibly drop from the pivot at 1827.7 before heading towards the support at 1787.2, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 1854.9, which is the overlap resistance. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
XAUUSD Potential for bearish drop to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell stop entry at 1818.975, to ride the bearish momentum. Stop loss will be at 1844.870, where the overlap resistance is. Take profit will be at 1786.545, where the overlap support is. 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.
OANDA:XAUUSDShort
by VantageMarkets
1
XAUUSD Potential Forecast | Wednesday 22nd February 2023Hi everyone! Chern Yu back here again with another GOLD forecast/trade idea. This is based on smart money concepts and structure which forms the basis of technical analysis in FX. As you can see from the chart above, I have marked out the multiple break of structures present, signifying lower highs and lower lows being formed. Do take note that this week is still riddled with multiple news release such as the prelim GDP for USD and the upcoming FOMC meeting minutes publication. I am looking for potential short entries on GOLD. Fundamental context 1. Given the extremely strong economic data such as the NFP and inflation coming in more resilient, the Fed require a longer runway for their restrictive policy to take effect and I believe that this will prompt the Fed to take on a more hawkish tone to combat the resilient economy of US. 2. Preliminary GDP release looks set to print a positive figure. Technical context 1. Blue demand zone marked at 1828.5 odds is a potential point of target for short take profits. 2. GOLD is currently on a bearish market. 3. Price most recently cleared buyside liquidity and has since continued bearish. 4. Price also rejected a key H1 resistance level marked by the lighter blue zone. Personally, GOLD has further bearish potential to tap into the blue demand zone at 1828.5 which will give us a decent ~80 pips. Trade safe everyone! This week is full of important key news. Regards, Chern Yu
OANDA:XAUUSDShort
by Jon_Jones_Junior
4
XAUUSD potential Forecast | Tuesday 21st February 2023Hello, I rely on ICT concepts for my trading. I would like to share a trade idea for Tuesday, February 21st, 2023. Recap on yesterday 20th Feb Monday There wasn't much movement yesterday due to the bank holidays for US and CAD. I'm expecting volatility to pick up for today with more major news events coming up such as the USD Flash Services PMI. Idea I'm expecting price to possibly head towards the overlap resistance at 1850.710, which is in line with the 61.8% Golden Fibonacci ratio. For entries, it's important to use confirmations on smaller timeframes and to always exercise caution while trading. Thank you, Chen Yongjin
OANDA:XAUUSDLong
by DogeStonks
1
j.Hejazi | Gold CorrectionGold is currently in a corrective movement towards the 1850 level, which is a previous support level that has turned into resistance. Additionally, the upper trendline of the descending channel, the local trendline (in yellow), the 23.6% Fibonacci level, and the 50-period moving average on the 4-hour timeframe all converge in this area. It is possible to see a rebound towards the 1825 level from the current support zone, based on the factors mentioned above, such as the former support level turning into resistance and the convergence of multiple technical indicators. ------------------------------------------------------------------------- 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
Gold Futures ( GC1! ), H4 Potential for Bearish ContinuationTitle: Gold Futures ( GC1! ), H4 Potential for Bearish Continuation Type: Bearish Continuation Resistance: 1881.6 Pivot: 1863.5 Support: 1820.1 Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Expecting price to possibly drop from the pivot at 1863.5 which is the overlap resistance towards the support at 1820.1, where the overlap support is. Alternative scenario: Price may head back up towards the resistance at 1881.6, which is the overlap resistance and minor high. Fundamentals: There are no major news.
COMEX:GC1!Short
by Genesiv
1
XAUUSD Potential Forecast | Thursday 16th February 2023Hi guys, we are back on the charts again! Today I will be talking about GOLD and upon the recent fundamental backdrop that has taken place. Fundamental context 1. US data has came out very resilient and strong 2. Last month labour market and NFP data proves to be extremely resilient 3. CPI came out hot, signifying inflation has a longer runway for it to cool down 4. Yesterday's retail sales data m/m came out at a whopping 3.0% which is much better compared to forecast 5. Everything spells that the economy in the US is resilient and the Fed might need to increase the terminal rate or take on a more hawkish stance at the next FOMC meeting. Technical context 1. GOLD is in a bearish trend 2. Lower lows and highs are being formed 3. Point of target at 1823 odds for price to come lower to form a yearly lower wick 4. Anticipating for price to continue lower 5. Will only be looking for longs at our stipulated area (blue zone) Gold has the potential to continue bearish. Thanks alot for tuning in. Regards, Chern Yu
OANDA:XAUUSDShort
by Jon_Jones_Junior
5
XAUUSD M30: Bearish outlook seen, reversal below 1852.00On the M30 time frame, prices are approaching the resistance zone at 1852.00, in line with the 50% Fibonacci retracement, descending channel’s resistance and 78.6% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 1832.00, in line with the graphical low Prices are holding below the Ichimoku cloud, and stochastic is approaching resistance at 89.24, supporting the bearish bias.
FOREXCOM:XAUUSDShort
by T3-Consultancy