Could Gold reverse from here?The price has reacted off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could potentially drop from this level to our take profit.
Entry: 2,392.46
Why we like it:
There is a pullback resistance that aligns with the 127.2% Fibonacci extension.
Stop loss: 2,409.47
Why we like it:
There is an overlap resistance level.
Take profit: 2,364.45
Why we like it:
There is a pullback support level which aligns with the 38.2% 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.
Xau-usd
XAUUSD - Gold DailySimple Trading - "W" Pattern
Gold has made its way back to 2390.
Gold will be looking to retest 2350-2360 to confirm new support. If gold manages to stay above this price, look to buy gold top 2415. (this should be the daily "W" pattern target)
*These are just my thoughts, not financial advice.
Could Gold fall from here?The price is currently reacting off the pivot and could drop to the pullback support.
Pivot: 2,392.08
1st Support: 2,364.99
1st Resistance: 2,413.42
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.
XAU/USD H1 Channel Formation The XAU/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:XAUUSD
Key Points:
Sell Entry: Consider entering a short position around the current price of 2357, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2328
2nd Support – 2309
Stop-Loss: To manage risk, place a stop-loss order above 2370. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GOLD Amid NFP movement scenarios (Sensitivity!!!)Technical Analysis: Gold
The price pushed up and reached our target we mentioned yesterday which is 2365, and already stabilized above it.
Current Outlook:
The trend remains bullish today, with the price stabilizing above 2356. As long as it stays above these levels, it is expected to reach 2378.
Bullish Scenario:
As long as the price trades above 2356, it is likely to maintain a bullish trend towards 2378. 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: 2361
- Resistance Levels: 2378, 2387, 2397
- Support Levels: 2356, 2342, 2320
Today's Expected Range:
The price is anticipated to move between the support at 2342 and the resistance at 2379, with a bullish tendency.
NOTE:
Today NFP will affect the GOLD market
NFP Scenarios:
- Previous Result: 272K
- Expectation: 191K
If the NFP release is less than 191K, the Gold Market will follow a bullish scenario. Conversely, a result exceeding 191K, particularly around 250K, would likely lead to a bearish scenario.
previous idea:
GOLD - Price can bounce from resistance area and continue riseHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price declined to support level, which coincided with support area, and at once started to grow.
In a short time, Gold reached $2360 level and even entered to resistance area, but soon bounced down.
Also, price entered to pennant, where it declined from resistance line to support line, after which started to rise.
Price broke $2310 level and later exited from pennant, after which in a short time reached $2360 level again.
A not long time ago Gold broke this level and now trades in resistance area, so, I think it can make little correction.
After this, price will turn around and continue to move up to $2395
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Buy XAUUSD 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 2326, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels :
1st Support – 2351
2nd Support – 2365
Stop-Loss: To manage risk, place a stop-loss order below 2316.50 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Gold (Xau/Usd) Triangle in H1The XAU/USD pair on the H1 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 2331
Target Levels:
1st Resistance – 2358
2nd Resistance – 2378
Stop-Loss: To manage risk, place a stop-loss order below 2317.50. This helps limit potential losses if the price falls back unexpectedly.
Thank you
Bearish reversal?XAU/USD is rising towards a resistance level which is an overlap resistance which aligns with the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,359.84
Why we like it:
There is an overlap resistance level which aligns with the 88% Fibonacci retracement.
Stop loss: 2,374.88
Why we like it:
There is an overlap resistance level.
Take profit: 2,334.54
Why we like it:
There is an overlap support level which aligns with the 38.2% 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.
Bearish drop?The Gold (XAU/USD) is rising towards the pivot which is an overlap resistance and could reverse to the overlap support.
Pivot: 2,361.02
1st Support: 2,334.64
1st Resistance: 2,387.93
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 can fall to $2280 points, breaking support levelHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price some days ago rebounded from the support level and made a strong impulse up to the trend line, thereby breaking the resistance level, which coincided with the resistance zone. After this movement, the price turned around from the trend line and in a short time declined lower than the 2385 level, breaking it one more time. Next, the price declined a little more, and then some time traded near the 2310 support level, after which turned around and in quickly rose to the resistance level. After this movement, the price made an impulse down from the resistance level and fell to the support zone, but soon turned around and rose higher than the support level, making a fake breakout. Later price also broke the trend line, but after this, GOLD rose a little and then made impulse down, breaking this line one more time. Price fell lower support level, but a not long time ago it rebounded from the support zone and rose higher than the 2310 level and trend line as well. Just now, the price trades near the trend line and I expect that XAUUSD will decline to a support level, breaking the trend line. After this, the price can break the support level and continue to fall, therefore I set my goal at 2280 points. If you like my analytics you may support me with your like/comment ❤️
Bearish drop?The Gold (XAUUSD) has reacted off the pivot and could potentially drop to the pullback support.
Pivot: 2,334.9
1st Support: 2,311.2
1st Resistance: 2,354.3
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 30/6/24The gold chart here shows a similar outlook to what we had last week. We played off the area of supply we marked, selling off nicely into the lower end of the range. After taking the liquidity across the lows, we saw a strong pullback with a large area of imbalance created, indicating upward momentum. However, it's important to remember that the overall ranges are bearish, and we expect the price action to move lower.
Our preferred option is for the price to run higher to the area of supply before selling off, sweeping the low marks below and heading to the demand zone marked in green. At this point, we would look for the price to either go bullish and move into the area of supply or break down through this zone and continue the bearish trend.
If the price breaks the 4-hour high, it would give us a new directional bias. Conversely, if the price breaks lower, it would align with our current bearish bias, so keep an eye on that if we start pushing in one direction or the other.
Trade safe and follow your plan.
GOLD (Bullish continuation...)Technical Analysis: Gold
The gold price reversal has successfully stabilized the price upwards from 2320, continuing its ascent towards 2337 and 2342.
Current Outlook:
The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337.
Bullish Scenario:
As long as the price trades above 2320 means will continue the bullish trend toward the first bullish station which is 2342,
Confirmation: closing 4h candle above 2342 means will get 2357 and above it will continue the bullish confirmation.
Bearish Scenario:
A drop in price and stabilization below 2320, confirmed by the close of a 4-hour candle, would indicate a downtrend towards 2302 and 2292.
Key Levels:
- Pivot Line: 2320
- Resistance Levels: 2342, 2357, 2365
- Support Levels: 2311, 2302, 2292
Today's Expected Range:
The anticipated trading range for today is between the support level at 2320 and the resistance level at 2357.
GOLD (Bullish with Key level 2320)Technical Analysis: Gold
The price reached our fully bearish support which is 2292 as we mentioned and reversed, again...
Current Outlook:
The trend remains bullish today, with the price stabilizing above 2302. As long as it stays above these level, it is expected to reach 2323 and 2337.
Bullish Scenario:
As long as the price trades above 2302, it is likely to maintain a bullish trend towards 2320. then to start the next bullish area should break 2323 to get 2338, A break above 2338 could extend the bullish trend to 2357.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2302 would indicate a downtrend, with the price expected to trade in the bearish zone between 2292 and 2278.
Key Levels:
- Pivot Line: 2302
- Resistance Levels: 2323, 2337, 2357
- Support Levels: 2292, 2278, 2260
Today's Expected Range:
The price is anticipated to move between the support at 2292 and the resistance at 2338, with a bullish tendency.
Gold Price Dynamics and Key Levels for TradingTechnical Analysis: Gold
The gold price reversal has successfully propelled the price upwards from 2302, continuing its ascent towards 2337 and 2342.
Current Outlook:
The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337.
Bullish Scenario:
For an uptrend to initiate, the price must remain stable above 2328 and 2320, potentially advancing towards 2337. Stability above 2342 would further support a bullish push, with potential fluctuations between 2342 and 2357.
Bearish Scenario:
A drop in price and stabilization below 2320, confirmed by the close of a 4-hour candle, would indicate a downtrend towards 2302 and 2292.
Key Levels:
- Pivot Line: 2328
- Resistance Levels: 2340, 2357, 2365
- Support Levels: 2320, 2311, 2302
Today's Expected Range:
The anticipated trading range for today is between the support level at 2320 and the resistance level at 2357.
previous idea:
Could Gold reverse from here?Price is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support.
Pivot: 2,334.91
1st Support: 2,311.24
1st Resistance: 2,354.31
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.
XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent formation 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 2321, positioned close to the top level of channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2296
2nd Support – 2281
Stop-Loss: To manage risk, place a stop-loss order above 2340. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
🔊 Support by leaving Likes & Comments.
Thank you.
Bullish bounce?The Gold (XAU/USD) is falling towards the pivot and could potentially bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 2,308.18
1st Support: 2,298.47
1st Resistance: 2,332.97
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.
GOLD Bearish Momentum with Key Levels to WatchTechnical Analysis: Gold
The price is poised to reach 2320 today and, if it breaks this level, it will likely continue its bearish trend towards 2311 and 2302.
Current Outlook:
The price is expected to consolidate between 2320 and 2337 until a breakout occurs. The initial movement is anticipated to target the 2320 level.
Bullish Scenario:
To initiate an uptrend, the price must break above 2342, potentially moving towards 2357. Stability above 2320 would also support a bullish push, with the price fluctuating between 2320 and 2337.
Bearish Scenario:
The current downtrend from 2335 and 2337 is expected to target 2320. A 4-hour or 1-hour candle closing below 2320 would confirm a bearish trend, with the price anticipated to trade in the bearish zone between 2302 and 2320.
Key Levels:
- Pivot Line: 2328
- Resistance Levels: 2337, 2342, 2357
- Support Levels: 2320, 2311, 2302
Today's Expected Range:
The price is anticipated to move between the support at 2311 and the resistance at 2342.
previous idea:
Bearish drop?The Gold (XAU/USD) is currently to the pivot and could potentially fall to the pullback support.
Pivot: 2,334.49
1st Support: 2,306.73
1st Resistance: 2,354.71
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.
Could Gold drop from here?XAU/USD is currently at the pivot which acts as an overlap resistance and could potentially fall to the 1st support which is a pullback support.
Pivot: 2,325.19
1st Support: 2,306.73
1st Resistance: 2,338.07
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.
GOLD - Price can bounce up from support line to $2380 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price broke resistance level, which coincided with resistance zone and rose a little higher.
But soon, Gold made downward impulse to $2295 support level and started trading in flat.
Later price exited from this pattern and entered to upward pennant, where it made strong upward impulse.
Gold reached resistance line of pennant, breaking $2375 level, but soon, turned around and in a short time declined back.
Price fell to support line of pennant and now continues to trades near this line, and I think XAU can bounce up.
Also, I think price can break resistance level and reach $2380 resistance line of pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️