Buy Gold (Xau/Usd) Bullish ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined Bullish 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 2511, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2537
2nd Support – 2551
Stop-Loss: To manage risk, place a stop-loss order below 2499. 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.
Xau-usd
XAUUSD - Gold 4HRSimple Trading - Triangle pattern
Gold has broken from its bullish momentum and is now finding support in the triangle around 2505. Expect gold to continue to the previous low and make higher lows around 2490. If the Triangle pattern plays out correctly, the Price will break bullish above the recent highs and continue to the target. Keep in mind that 2 or more candles are already closed above the Triangle. This could either be a break and retest or could indicate more sell pressure.
*These are just my thoughts, not financial advice.
Could 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: 2,530.36
Why we like it:
There is a pullback resistance level
Stop loss: 2,556.10
Why we like it:
There is a resistance level at the 138.2% Fibonacci extension.
Take profit: 2,477.82
Why we like it:
There is an overlap 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 4H / Jackson Hole Symposium - Sensitive Movement Gold Technical Analysis:
Gold futures have regained some ground following Thursday's sharp selloff, the largest single-day decline in a month. Despite the recent dip, the precious metal remains up 17% year-to-date.
Current Outlook:
After a significant drop of over 250 pip, as anticipated in the previous analysis, gold remains under pressure. As long as the price trades below 2500, it is expected to consolidate within the 2500 to 2475 range. The 2475 level is a strong support zone, and a decisive break below this level could signal a bearish shift.
Bullish Scenario:
A sustained move above 2509 could push the price towards 2516 and 2526. For a new bullish trend to emerge, gold must break above 2525, potentially triggering a rally toward 2543 and 2558.
Bearish Scenario:
While the overall bearish trend is distant, a strong correction could occur, driving the price down to 2,484 or 2,475. However, especially stability under 2509 or 2516
The next bearish area will start by stabilizing under 2475
Key Levels:
Pivot Line: 2501
Resistance Levels: 2516, 2525, 2543
Support Levels: 2484, 2475, 2466
Expected Trading Range Today:
The price is anticipated to fluctuate between 2525 and 2475.
Trend: Bearish correction
previous idea:
Heading into 50% Fibonacci resistance?XAU/USD is rising towards the resistance level which is a pullback resistance that aligns with the50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,498.84
Why we like it:
There is a pullback resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 2,529.75
Why we like it:
There is a pullback resistance level.
Take profit: 2,463.56
Why we like it:
There is a pullback support level that is slightly below the 61.8% 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 ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a well-defined Bullish 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 2516, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2551
2nd Support – 2573
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 Pre\Post Analysis | Closing w\ $648.00 USD Profit TodayI do believe gold is going to continue to buy. As much as I know traders are interested in selling at the high, I don't think it is that probable to take that trade and the more you think of every trade in terms of probability, it saves you from taking some really shit trades, honestly.
Would you take a bet that you are either A. unsure you can win or B. know you will lose? Of course not, so why is it you take trades like that?
Take smarter trades.
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.