Could Gold reverse from here?The price is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,645.64
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,660.75
Why we like it:
There is an overlap resistance level that lines up with the 88% Fibonacci retracement.
Take profit: 2,652.48
Why we like it:
There is a pullback support level.
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Xau-usd
Pullback resistance ahead for Gold?The price is rising towards the pivot and could reverse to the 1st support level which is a pullback support.
Pivot: 2,545.34
1st Support: 2,624.97
1st Resistance: 2,660.47
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 break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. Some time ago price declined to the trend line (2500 points) and then at once rebounded and rose to support 2, which is located inside the support zone. After this movement, the price tried to rise more, but later it turned around and made a correction to the trend line (2547 points) again, which coincided with support 2. After this, Gold turned around, bounced, and started to grow to support 1, which coincided with one more support zone. When it reached this level, XAU broke it and made a retest, after which continued to move up. Some time later, when the price reached 2685 points, it turned around and in a short time declined to the support zone. But recently it started to move up, so, for this case, I expect that XAUUSD will make a small movement up and then start to decline to the trend line, breaking the support level. That's why I set my goal at 2620 points. If you like my analytics you may support me with your like/comment ❤️
XAUUSD 29/09/24This week on gold, we maintain a similar overall outlook, with the price action expected to continue moving upward. Take note of the previous high. If a pullback occurs due to any fundamental factors, particularly the potential conflict in the Middle East, there may be opportunities to go long from the highlighted areas. However, if no pullback occurs, expect the price action to continue rising.
If we move higher from the current levels, the recent high will likely be taken out. Conversely, if we move lower from our current position, the probability of reaching the high remains strong. Be sure to note the liquid lows, which are in line with both the short-term trajectory and the longer-term trajectory, aligned with higher timeframe demand.
Buy XAUUSD (Gold) Bullish FlagThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2660, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2681
2nd Support – 2696
Stop-Loss: To manage risk, place a stop-loss order below 2648. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bullish bounce off major pullback support?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 2,531.45
1st Support: 2,500.49
1st Resistance: 2,588.56
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 16/09/24This week for gold, we are building on the overall outcome of last week's price action, which was a new all-time high—a move we’ve been anticipating for the past few weeks. Price action remains clearly bullish and continues to maintain its upward bias across both higher and lower timeframes.
With this in mind, we need to wait for a clear high to form within the hourly to daily timeframes in order to determine where we expect the price to pull back to until the high of our range is established. For now, we are simply anticipating price action to continue moving upwards. Please refer to the chart for potential short-term price pullbacks if the current high is maintained.
We have a straightforward trajectory of institutional price action heading to the upside. There is a clear area of demand that broke the previous all-time high, so a pullback to these areas is possible. However, until a new high is established, we can’t form a solid short-term pullback bias.
Remember, when prices are reaching new all-time highs, the last thing you want to do is short the market. Therefore, our bias remains long, as it has been for the past several months.
Trade safely, stick to your risk management, and always follow your plan.
GOLD 1h Reversion Zone Fill ExpectedReturn and fill into the reversion zone range is expected.
Reversion zone range: 2.522 - 2.513
Key Resistance level: 2.527
Key Support level: 2.502
Key Support level 2: 2.488
⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
Gold Poised for Bullish Move Amid CPI Expectations & Softer US.DGold Technical Analysis - 11 Sep. 2024:
Gold Poised for Bullish Move Amid CPI Expectations and Softer U.S. Dollar
Gold has reached the previously mentioned target of 2526, moving up from 2500. For today, market volatility is expected, but the outlook leans bullish if the CPI comes in at 2.5% or lower, which could drive the price higher toward 2543 and 2557. However, if the CPI is released at 2.8% or higher, it could trigger a bearish move, pushing gold back toward 2500 and potentially down to 2475.
Key Levels:
Pivot Point: 2516
Resistance Levels: 2526, 2543, 2557
Support Levels: 2500, 2484, 2475
Expected Trading Range: 2500 - 2557
Trend: Bullish as long as the price remains above 2516. A break above 2526 would confirm strong bullish momentum.
Previous idea:
Could the Gold reverse from here?The price is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 2,525.81
Why we like it:
There is a pullback resistance level.
Stop loss: 2,541.92
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
Take profit: 2,478.10
Why we like it:
There is an overlap resistance level.
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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.
Sell Gold (Xau/Usd) H4 ChannelThe XAU/USD pair on the H4 timeframe presents a potential selling opportunity due to a Formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Days.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2500, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2440
2nd Support – 2400
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Buy Gold (Xau/Usd) ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2497, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2522
Stop-Loss: To manage risk, place a stop-loss order below 2489. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD | 15m ForecastThe market made a bearish Break of Structure (BoS) and then took buy-side inducement. The market is likely to grab sell-side liquidity and then make a bullish move until it completes an entire buy-side liquidity sweep. After that, it will likely move bearish.
can take positions(long, short) accordingly followed by 15m clear confirmations at Killzones
XAUUSD | Forecast | Day Time FrameThe daily time frame has already confirmed a bullish trend. The identified resistance zone is the current area of interest, likely to sweep the entire buy-side liquidity, and then the market may move into a bearish trend for a while until it grabs sell-side liquidity (at least until inducement).
Sell Gold (Xau/Usd) Ascending Triangle in H1The XAU/USD pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Ascending Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2513.
Target Levels:
1st Support – 2485
2nd Support – 2461.50
Stop-Loss: To manage risk, place a stop-loss order above 2530. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD 01/09/24Coming into this week on gold, we have a clear consolidation at the last major high. This suggests there is a significant amount of liquidity built above this high. We also saw a drop towards the end of last week, indicating that a sell-off may occur in the first sessions of this week. This is based on the principle that liquidity was starting to be taken, making a sell-off at the open more likely as buyers step in. This could lead to price action moving lower before rising back into the highs, ultimately targeting the liquid highs we have marked.
Please note the two areas of liquidity below and the two areas we’ve marked. These are the points where we are watching for price action to turn bullish, but we are primarily focused on a slight pullback before going long. Also, take note that the liquid low and overall trajectory of price action have changed, so a pullback seems logical in this scenario. Aim for the high and expect a new all-time high to be formed on gold. If we break down through the lows and do not see a positive reaction, I will look to go short in the new downward trend. However, this will be short-term, as our long-term bias remains bullish. Therefore, I will be more focused on finding a long position and holding onto any shorts.
Trade your plan and always stick to your risk management.
Trade your plan and always stick to your risk.