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Xau-usd

XAUUSD - Gold DailySimple Trading - Cup and Handle pattern Gold has made a break from its bullish momentum and is now finding support at 2380. Expect gold to continue to reject the previous low and continue to make higher lows. If the Cup and Handle pattern plays out correctly, 2380 should be the lowest gold should go before reaching TP1. How to trade the pattern: Entry 1 is the 50% fib retracement from the previous impulse. In our case, gold has dropped perfectly to the 50% fib Entry 2 is the breakout. BULLS: Pay attention to the previous week's candle close. the high of last week was 2480. We are currently in a 1000pips range or 100 points. If gold fails to remain bullish over the next couple of days gold may surpass the previous high and reach target 1. BEARS: we can see the market may consolidate shown in ZOOM 4HR. If strong sell pressure keeps gold under the next daily FVG which is around 2445-2451, we may look to take some profits. if gold remains bearish and breaks below 2380 we look to change our basis and look for more sells in the short term. *These are just my thoughts, not financial advice.
CITYINDEX:XAUUSDLong
by nikdobii
XAUUSD 23/7/24This week’s gold markup is looking very similar to EUR/USD. We have trendline liquidity sitting under the current lows. We have taken some obvious liquidity, so this could be an early sign that price action may be shifting bearish for a longer-term move. Bear in mind, we have taken all-time highs on gold, as we have across the higher timeframes, meaning that our higher timeframe bias is bullish, and we must, of course, respect that. However, this does not mean we are not going to have a pullback that could last for several days or several sessions, so keeping this in mind is key. Now, if you see on the chart in front of you, there are three separate scenarios that I have marked: 1. Scenario one: We break the bearish 4-hour high, bringing us back into a bullish directional movement. I am looking at the trendline area and the higher timeframe area of supply for possible sell-offs into the lows we have marked on our chart. If we break the 4-hour high, we will be back into a bullish directional bias. This does not mean that the price is 100% going to sell off, as we will be bullish if we do not react at the trendline area and the supply area. I will be looking for the previously created all-time high to be taken and price action to continue the bullish delivery. 2. Scenario two: We continue bearish within the 4-hour selling range that we are currently in. This causes price action to break down, and we will look for the liquidity lows to be taken. This will, of course, give us a deeper pullback on the higher timeframe, and I will then be looking for longs if we shift structure. Stick to your plan and trade what the price is showing you. I hope you all have an amazing week.
OANDA:XAUUSD
by PipSurfingSociety
Could Gold rise from here?The price is currently reacting off the pivot which is an overlap support and could potentially rise to the 1st resistance. Pivot: 2,392.79 1st Support: 2,371 1st Resistance: 2,419.04 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.
ICMARKETS:XAUUSDLong
by ICmarkets
1
After breakout of support line, Gold can continue to declineHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some time declined to the buyer zone, which coincided with the support level and started to grow inside the wedge, where it at once rebounded from the support line to the resistance line. When the price reached the resistance line of the wedge, which is located in the seller zone, it turned around and made a downward movement, breaking the resistance level. After this, Gold tried to grow, but failed and dropped to the support line of the wedge, after which turned around and bounced back to the resistance line of the wedge. Then the price declined to support line again and then started to grow, after which soon exited from the wedge. Price continued to grow near the support line and later reached the 2430 level, broke it, and rose even higher than the seller zone to 2483 points. But some time ago it turned around and made impulse down to the support line, breaking the resistance level one more time, and now Gold tried to break the support line too. So, I think that the price can finally break this line and then make a retest, after which continue to decline. Therefore I set my TP at 2340 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Sell Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel 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 2465, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2425 2nd Support – 2403 Stop-Loss: To manage risk, place a stop-loss order above 2487. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
35
GOLD / Strong Reversal from Pivot LineGold Price Analysis: Strong Reversal from Pivot Line Gold prices have reversed sharply from the pivot line at 2475, now serving as a strong resistance level. The price has also breached the 2420 mark, continuing the bearish trend towards 2397. Consolidation is expected between 2397 and 2420 until a breakout or next week's movement occurs. Bullish Scenario: The price should break above 2420 and stabilize to enter a bullish trend. This would open the path towards 2428 and potentially 2450. Bearish Scenario: As long as the price trades below 2420, it is likely to drop to 2397. A further decline below 2397 would target 2378. Key Levels: - Pivot Line: 2420 - Resistance Levels: 2428, 2440, 2450 - Support Levels: 2397, 2378, 2356 Today's Expected Range: The price is anticipated to fluctuate between the support at 2397 and the resistance at 2428, with a bearish inclination. previous idea:
OANDA:XAUUSDShort
by SroshMayi
Could Gold bounce from here?The price is falling towards the support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 2,423.36 Why we like it: There is a pullback support level which is slightly above the 50% Fibonacci retracement. Stop loss: 2,391.64 Why we like it: There is a pullback support level. Take profit: 2,453.68 Why we like it: There is a pullback resistance level that 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.
VANTAGE:XAUUSDLong
by VantageMarkets
Buy Gold (Xau/Usd) Triangle BreakoutThe XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2419. Target Levels: 1st Resistance – 2446.50 2nd Resistance – 2462 Stop-Loss: To manage risk, place a stop-loss order below 2390. This helps limit potential losses if the price falls back unexpectedly. Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
18
GOLD / Approaching All-Time Highs...Gold Technical Analysis Based on the provided chart, the following analysis can be made: Current Outlook: - The price is currently approaching the all-time high (ATH) of 2450 and is consolidating within a narrow range. - There is a breakout zone that the price is approaching, which could signal further upward momentum if breached. Bullish Scenario: - If the price stabilizes above 2450, it is expected to continue its bullish trend. - The next target after a breakout above 2450 would be 2466. - Stability above this level would indicate a continuation towards even higher resistance levels. Bearish Scenario: - If the price fails to break and stabilize above 2450, it may consolidate or pull back. - Immediate support levels to watch are 2440 and 2428. - A break below 2428 could indicate a further decline, targeting support at 2398. Key Levels: - Pivot Line: 2440 - Resistance Levels: 2450, 2466, 2475 - Support Levels: 2428, 2420, 2398 Technical Indicators: - The indicator on the chart shows a combination of short-term and long-term moving averages, indicating that the price is currently in a strong uptrend as it approaches the ATH. - The bands are widening, suggesting increasing volatility and potential for significant price movement. Today's Expected Range: - The price is anticipated to fluctuate between the support at 2428 and the resistance at 2466, with a general bullish tendency given the current momentum. Summary: Gold is currently in a bullish trend, approaching its all-time high. The key levels to watch are 2450 for potential breakout and continuation of the bullish trend, and 2428 for potential support in case of a pullback. The market is showing signs of increased volatility, so traders should be prepared for significant movements.
OANDA:XAUUSDLong
by SroshMayi
1
Gold Nears Record High Amid US Rate Cut OptimismTechnical Analysis: Gold The price is approaching its all-time high of 2450 and is expected to consolidate between 2450 and 2428 until a breakout occurs. Bullish Scenario: If the price continues its bullish trend to reach the all-time high of 2450, closing a 1-hour or 4-hour candle above this level will support further increases towards 2466. Bearish Scenario: For a bearish trend, the price should stabilize below 2450, potentially falling to 2440 and 2428. A strong bullish volume is required to break through the 2450 level. Key Levels: - Pivot Line: 2440 - Resistance Levels: 2450, 2466, 2475 - Support Levels: 2428, 2420, 2398 Today's Expected Range: The price is anticipated to fluctuate between the support at 2428 and the resistance at 2466, with a bearish tendency. Previous idea: Gold Rises with US Rate Cut Optimism, Approaching May Record High Gold prices rose on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut. Investors are keenly awaiting more U.S. economic data for further monetary policy cues. Powell remarked on Monday that the three U.S. inflation readings over the second quarter of this year "add somewhat to confidence" that the pace of price increases is returning to the Fed's target in a sustainable fashion. U.S. retail sales data due at 1230 GMT on Tuesday is expected to provide further direction. Gold hit multiple new highs in April and May, then retreated in June when U.S. interest rate cut forecasts were postponed, and physical demand softened in response to the high prices. In July, increased optimism for a September rate cut has driven the non-yielding bullion higher again. Combining this with the technical analysis: Bullish Outlook: Powell’s comments and the anticipation of a rate cut in September are likely to support the continuation of the bullish trend. If gold can break above 2450 and stabilize, it is expected to move towards 2466 and potentially higher. Bearish Outlook: If the economic data does not favor a rate cut, or if there is a shift in market sentiment, gold might fail to break above 2450. In this case, prices could stabilize below this level and target support zones at 2440 and 2428. Overall, while the market awaits further cues from U.S. economic data, the technical indicators combined with the current market sentiment suggest that gold is poised for significant movements, with a bullish bias given the rate cut optimism.
OANDA:XAUUSDLong
by SroshMayi
2
XAUUSD / Bearish Trend Below Key Level 2420Technical Analysis: Gold The price exhibits a bearish trend as long as it trades below 2420, targeting 2397. Stability above 2420 would indicate a continuation of the bullish trend while remaining below this level suggests a further decline. Bullish Scenario: The price needs to break above 2420 to enter an uptrend, with targets at 2429 and 2439. Bearish Scenario: As long as the price trades below 2420, it is expected to drop towards 2408 and 2397. A break below 2397 would further confirm a bearish trend, potentially reaching 2387. Key Levels: - Pivot Line: 2420 - Resistance Levels: 2429, 2439, 2450 - Support Levels: 2408, 2397, 2387 Today's Expected Range: The price is anticipated to fluctuate between the support at 2387 and the resistance at 2429, with a bearish tendency.
OANDA:XAUUSD
by SroshMayi
XAUUSD 14/7/24XAU (Gold) Following last week's markup, the hourly new bullish directional bias played perfectly into the bias we provided on Wednesday for the bullish hourly range to hold. We now have a new 4-hour high and low, which gives us another bullish range heading into this week. The options we have for this week are: The price liquidates our high, pulls back into the area of demand, and then goes bullish. If the area of demand is contacted and fails, the price falls into the larger higher time frame area of demand. If both areas of demand fail, we will look for a run of the liquidity built up last week, leading us into a bearish bias for this week. However, as it stands, we are looking for the bullishness to continue. Even if we pull down into the lower areas of demand, we will still look for bullishness once we get there. Remember, the overall principle here is to focus on areas where the price could react and consider possible moves. Only if the price gets to these areas can we really begin to capitalize on them.
OANDA:XAUUSD
by PipSurfingSociety
GOLD / Key Levels and Political ImpactGold Price Analysis (4-Hour Candle Timeframe) Based on the provided chart: 1. Resistance Levels: - Immediate Resistance: $2,420 - Next Resistance: $2,439 - Key Resistance: $2,450 2. Support Levels: - Immediate Support: $2,397 - Next Support: $2,387 3. Current Price Action: - The price is currently around $2,410, testing the pivot line at $2,420. - There is a potential bullish scenario if the price breaks above $2,420, aiming towards $2,439 and possibly $2,450. - A bearish scenario could unfold if the price fails to hold above $2,410, leading to a potential drop towards $2,397 and further down to $2,387. 4. Market Sentiment: - The chart indicates a consolidation phase with key support and resistance zones that could determine the next direction. - The recent bullish move suggests that traders might anticipate positive momentum, but caution is advised around resistance levels. Impact of Political Events on Financial Markets The attempted assassination of former President Donald Trump is likely to impact financial markets in several ways: 1. US Dollar (USD): - Short-term Strength: The US Dollar is likely to see short-term strength as investors seek safety amidst political uncertainty. - Investors typically flock to the USD during times of political turmoil due to its status as a global reserve currency. 2. Gold: - Price Surge: Gold prices may surge due to increased demand for safe-haven assets. - Political instability often drives investors to seek refuge in gold, which is considered a stable store of value during uncertain times. Summary Given the current technical levels on the gold chart and the potential political impact: Bullish Scenario: If gold breaks above $2,420, we could see a rally towards $2,439 and possibly $2,450. Bearish Scenario: Failure to maintain above $2,410 could lead to a drop towards $2,397 and further down to $2,387. Political Impact: The attempted assassination of former President Trump is expected to cause a surge in gold prices and short-term strength in the USD as investors seek safe-haven assets. PREVIOUS IDEA:
OANDA:XAUUSDLong
by SroshMayi
Falling towards 50% Fibonacci support?The Gold (XAU/USD) is falling towards the pivot and could potentially bonce to the 1st resistance. Pivot: 2,367.73 1st Support: 2,355.13 1st Resistance: 2,391.09 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.
ICMARKETS:XAUUSDLong
by ICmarkets
GOLD (Bullish continuation above Pivot Line)Technical Analysis: Gold The price pushed up and reached our target we mentioned which is 2387, and then dropped. Current Outlook: The trend should stabilize above 2358 to be a bullish trend toward 2365, but stabilized under 2356.6 means will touch 2342 Bullish Scenario: As long as the price trades above 2356, it is likely to maintain a bullish trend towards 2364. A break above 2378 could extend the bullish trend to 2392. Bearish Scenario: A 4-hour or 1-hour candle closing below 2356 would indicate a downtrend, with the price expected to trade in the bearish zone between 2343 and 2337 Key Levels: - Pivot Line: 2358 - Resistance Levels: 2365, 2378, 2397 - Support Levels: 2342, 2320, 2311 Today's Expected Range: The price is anticipated to move between the support at 2342 and the resistance at 2379, with a bullish tendency. previous idea:
OANDA:XAUUSDLong
by SroshMayi
No bigger driver for Gold than inflation this week? This week's economic calendar is dominated by US inflation data, with the Consumer Price Index (CPI) and Producer Price Index (PPI) set for release. Expectations are for a further decline in inflation, potentially strengthening the case for multiple Federal Reserve interest rate cuts this year. Economists polled by Reuters forecast annual consumer price inflation to have eased to 3.1% in June, down from 3.3% in May. An interesting development today: Federal Reserve Chair Jerome Powell, in his appearance before the Senate Banking, Housing, and Urban Affairs Committee, expressed concerns about the potential risks of maintaining high interest rates for an extended period, which could threaten economic growth, CNBC reported. For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. Gold prices edged higher, with XAU/USD trading at $2,364, up over 0.25%. The first resistance level for gold could be July 5 high at $2,392. On the downside, if nearer support levels fail, the next support zone could be the May 3 low of $2,277.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD - Price can exit from wedge and fall to $2320 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to pennant, where it bounced from resistance level and rose to resistance line of pennant. After this, price made downward impulse lower $2375 level, breaking it and then rose to this level again. Price fell to support line of pennant, after which in a short time rose to almost resistance level, exiting from pennant. Then price started to trades inside wedge, where it first declined to support line and then bounced up to $2375 level. Gold made a fake breakout of this level, after which started to decline, and now it trades near support line of wedge. Possibly, Gold can rise to resistance level and then bounce down to $2320, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
3