Xau-usd
XAUUSD 19/8/24Our gold chart this week shows that price action is moving to the upside, as we expected. We reached our high time frame target from last week, which was a new all-time high for gold. We’re now looking for price action to create significant liquidity to the upside to push for another all-time high. If a pullback occurs and price moves lower, we will begin focusing on the current trajectory, which could lead us into the highlighted areas of demand below. One area is within the lower 50% of the current short-term range, and the other is within the lower 50% of our overall swing range. If price hits these areas and pushes higher, we will, of course, look for overall longs to continue with the higher time frame trend. We expect the trend to continue with relative strength, but if a sell-off starts, we can look at the areas of supply left behind. If the current trajectory breaks, there is potential for a short-term sell-off, but we remain overall bullish on this pair. Please note that we only have one high time frame target for now, as gold is at a new all-time high.
If price begins to sell off, don’t become attached to your bias. Remember, the higher time frame is bullish. Trade safely, stick to your risk management, and follow your rules.
HelenP. I Gold will make correction movement, after impulse upHi folks today I'm prepared for you Gold analytics. Some time ago price declined to the trend line and at once rebounded and quickly rose to support 2, which coincided with the support zone. Soon, XAU broke this level and then made impulse up to support 1, which coincided with one more support zone, but when it entered to this area, it at once turned around and dropped to the trend line. Then the price broke this line and fell to the support zone, after which turned around and rebounded up higher than the trend line to support 1. But later, the price dropped back, breaking the trend line one more time, after which it almost declined to support 2 and then started to grow. In a short time, the price rose to support 1, broke it and some time traded inside the support zone, but then fell a little below. A not long time ago Gold repeated movement up, broke the support level again, and the trend line later too. At the moment, I expect that XAUUSD will rise a little more and then make a correction movement to the support level, breaking the trend line again. For this case, my goal is a 2465 support level. If you like my analytics you may support me with your like/comment ❤️
Gold Futures Rebound, Eyeing Key Levels Amid Dollar WeaknessGold Futures Rise, Recovering Some Losses on Weaker Dollar
Gold retreated from near-record highs on Wednesday after U.S. inflation data, while positive, suggested that the Federal Reserve might implement smaller-than-anticipated interest rate cuts in September.
Technical Analysis: Gold
Current Outlook:
The price hit our target perfectly and has since reversed. It is now attempting to reach 2,466, with a focus on the bullish volume above 2,475. Stability above this level could drive the price higher towards 2,493 and 2,525.
Bullish Scenario:
The price is currently attempting to reach 2,466. A break above this level could activate a bullish trend, leading to 2,475, and further gains towards 2,493.
Bearish Scenario:
As long as the price trades below 2,466 and 2,460, it remains in a bearish zone, potentially declining towards 2,442 and further down to 2,428.
Key Levels:
- Pivot Line: 2,460
- Resistance Levels: 2475, 2484, 2493
- Support Levels: 2442, 2430, 2420
Today's Expected Trading Range:
The price is anticipated to fluctuate between 2,428 and 2,475.
Tendency: Consolidation between 2,466 and 2,442, with a bearish bias.
previous idea:
Could Gold reverse from here?The price is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 2,431.92
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement.
Stop loss: 2,412.83
Why we like it:
There is a pullback support level.
Take profit: 2,460.29
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
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.
Buy Gold (Xau/Usd) 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 2474, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2496
2nd Support – 2506
Stop-Loss: To manage risk, place a stop-loss order below 2450. 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.
Food and Liquidity - An Uncanny Relationship (USD CPI NEWS)I hope that this video finds you well, I really want you to sit and listen to what it is I have to say in this video, I could be absolutely wrong as I have been before but that doesn't mean that what I am saying doesn't make sense (at least to me) lol.
Anyway I wish you a safe CPI News event.
Could Gold reverse from here?The price is rising towards the resistance level which is a pullback resistance and could potentially reverse from this level to our take profit.
Entry: 2,482.47
Why we like it:
There is a pullback resistance level.
Stop loss: 2,509.10
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
Take profit: 2,441.80
Why we like it:
There is a pullback support level.
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.
Gold Futures Poised for Gains as Uptrend Stabilizes Above 2428Gold Futures Rise as Long-Term Outlook Remains Positive
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 and 2466 due to the high bullish volume with a correction till 2428
Bullish Scenario:
The price will touch 2450, and then should break 2450 to be a bullish trend till 2466,
Bearish Scenario:
Stabilization below 2450 could support a decline to 2428
Key Levels:
- Pivot Line: 2444
- Resistance Levels: 2454, 2466, 2475
- Support Levels: 2428, 2420, 2397
Today's Expected Trading Range is between 2428 and 2466
Tendency: Bullish trend above 2428
BUY TRADE ON XAUUSDPotential Trade Setup on XAUUSD
The price broke out of a strong resistance zone and a long-used Trendline but yet to retest the broken structure.
The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Sell Gold (Xau/Usd) wedge BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2427, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2403
2nd Support – 2388
Stop-Loss: To manage risk, place a stop-loss order above 2440. 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.
Could Gold reverse from here?The price is reacting off the pivot which acts as an overlap resistance and could reverse to the 61.8% Fibonacci support.
Pivot: 2,432.17
1st Support: 2,402.82
1st Resistance: 2,451.17
Risk Warning:
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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.
Gold Spot / U.S. Dollar | Short Position | 15mfor time being, we can take 15m sell position when there is a clear confirmation
15m : Took local inducement with 15m bearish confirmation
1m : OF mitigated with bearish confirmation , took bearish market order entry
Target :
15m sell-side lq spot
15m sell-side valid inducement point
Buy Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel 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 2394, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2470
2nd Support – 2500
Stop-Loss: To manage risk, place a stop-loss order below 2362. 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.
GOLD 4H / Bullish Volume...Gold Futures Rise as Long-Term Outlook Remains Positive
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume
Bullish Scenario:
Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466
Bearish Scenario:
Stabilization below 2420 could support a decline to 2408 and should break 2397
Key Levels:
- Pivot Line: 2428
- Resistance Levels: 2441, 2450, 2466
- Support Levels: 2420, 2408, 2379
Today's Expected Trading Range is between 2420 and 2466
Tendency: Bullish trend above 2428 - 2420
previous idea: