XAU 1M Gold price formation history and future expectationsGold , or as denote the main trading pair XAUUSD , has been gaining a lot of attention around itself in recent years.
As soon as major analysts or hedge fund top-managers begin to say that the next crisis is near, investors immediately start buying gold as a defensive asset, and its price, accordingly, goes up.
Let's walk a little through the history of the Gold price.
We finished drawing the graph, to what exists on tradingview.com, based on the data that is freely available.
1) In 1933, to overcome the crisis after the "Great Depression", US President Roosevelt issued a decree on the confiscation of gold from the population. The price for an ounce of gold is set at $20.66.
2) In 1971, a real rise in the value of gold begins. After decoupling the US dollar rate from the "gold standard", which regulated the cost of 1 troy ounce of gold at $35 for a long period from 1934 to August 1971.
3) 1973 - "The First Oil Crisis" and the rise in the value of gold from $35 to $180 - as the main anti-crisis instrument, a means of hedging investment risks.
4) 1979-1980 Islamic Revolution in Iran (Second Energy Crisis). The cost of gold, as the main protective asset, in a short period of time grows more than 8 times and sets a maximum at around $850
5) During 1998-2000, the world swept through: the "Asian economic crisis", defaults in a number of countries, and the cherry on the cake - the "Dotcom Bubble". During this period, the price of gold was twice aggressively bought out by investors, from the level of $250. It was a clear signal - there will be no lower, next, only growth!
6) And so it happened, from 2001 to 2011 there was an increase in the value of gold from $250 to $1921 . Even the mortgage crisis of 2008 could not break the growth trend, but only acted as a trigger for a 30% price correction.
Looking at the XAUUSD chart now, one can assume that large investors were actively buying gold in the $1050-1350 range during 2013-2019.
It is hard to believe that investors who have been gaining long positions for 6 years will be satisfied with such a small period of growth in 2019-2020.
For ourselves, we establish a Gold purchase zone in the range of $1527-1600 per troy ounce, from where we expect the growth trend to continue to the $3180-3350 region
What are your views on the future price of gold? Share them in the comments!
Xauforecast
XAU/USD 07-11 October 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all-time highs and surge, with no indication of bearish pullback phase initiation.
The first sign of a pullback would be price printing a bearish Change of Character (CHoCH), which is marked with a blue dotted line.
Price has continued higher, and CHoCH positioning remains unchanged from the analysis dated 22 September 2024.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish Internal Break of Structure (iBOS) and continued its upward surge, driven by soft U.S. macroeconomic data and increasing geopolitical tensions.
Following bullish iBOS, a bearish pullback is anticipated, though there are currently no signs of it materialising.
The first indication, though not a confirmation of a pullback would be price printing a bearish Change of Character (CHoCH). Since last week's analysis, CHoCH positioning has remained unchanged.
The bearish CHoCH level is marked with a blue dotted line.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low.
Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase.
Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone.
Intraday Expectation: Price is expected to target weak internal low.
H4 Chart:
XAU - H4 (Short Term) is BullishTechnical Analysis:
- Gold (XAU) has just now made a new high since July, 2020
- It has a Weekly and H4 Bullish Structure
- Now the wave (2) in blue is about to complete
- H1 and H4 is turning up
Technical Information:
- If you're swing trader you can buy when the wave (2) is completed
- Do't sell XAU now
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Gold: monthly timeframe now points to 1670-80sGold have shown bit but not convincing reversal signal. If gold is to be found below 1700 again the next target should be at 1695-80s which once broken comes 1677 a move to 1660s not ruled out. If the downpart of the yellow uptrend holds that keeps gold hopeful of move back to 1878 and year high. Break below 1660s to limit upside potential and kill dream of move up to 1878 and year high. At 1660s we start looking for buy to keep opportunity if hold another option down is 1640s. At the mean time we keep looking for convincing reversal signal.
Gold: can Chair Powell kill the boredom? Gold keep struggling to find comfort below 1823. Beside that the market has been choppy which is not fun to trade. And we all hoping on Fed Chair speech to be the next catalyst to kill the boredom. I see Powell,Lagarde and Bailey speech scheduled same time which means they're all be featured in one programme. I pray that that do the needful because personally I prefer their solo speech than joined. At the mean time gold is getting zoned out of 1819-14 for the fourth time which another rejection might not be good for sellers but we stay hopeful. Any move up to 1830 I resell with my risk management but my preferred mini upswing selling opportunity is 1832-34 zone that might be hard to reach due to the downside pressure. Targets now at 1810 with possible breakout to 1805-01. Gold upside still limited I'll see any move above 1838 as nothing but trend expansion. Gold is really fighting a good fight though that might reduce the downside risk.
GOLD NEAR FUTURE PREDICTION(4H Chart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color which we have currently BROKEN
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GOLD NEAR FUTURE PREDICTION(Dailychart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in yellow color I added only for explanation purposes to show where the downtrend was broken.
We have 2 Uptrend in green color (Internal Uptrend and Long Term Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GOLD(XAU)1HOURLY NEAR FUTURE PREDICTIONTechnical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1Downtrend in red color (Long Term and Internal Trend)
We have 2 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
XAU NEAR FUTURE PREDICTIONS (4HCHART)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 2 Uptrend in green color (Internal Uptrend and Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
XAU NEAR FUTURE PREDICTIONS (4HCHART)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
XAUUSD Daily TimeframeSo as you can see I gave you entry price and targets for gold for daily timeframe.
This is something magical believe me:
This is my SNIPER STRATEGY and I will guarantee it will work like a clock although I have to say it can not predict pullbacks but it will give you a huge profit.
so stay tuned for more
GOLD ANALYSISXAUUSD in the daily time frame, descending channel and we can see that resistance under of 200 daily ma & we can assume 1854 is a supply zone.
personally I am looking for leg down and if we get rejected off here we can see a bearish momentum. either, breakout will take us back to above 2000 level.
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
Gold Shows Us a Fantastic LONG Opportunity - By Trading-GuruSometimes it can be as easy as buy low and sell high, and within this technical analysis I will walk you through what low and high means for gold at the moment. Everything should be easily available on the chart and self-explanatory. If you have any questions, feel free to drop a comment or DM me.
Gold Has Reached The BUY ZONE - Buy Now Before It Goes Up AgainIn this technical analysis I will discuss in-depth how you can prepare for some gold trades this week.
From my previous ideas you can see why I decided to add certain horizontal levels to the chart and how to use them. You might also have seen that I have been quite bullish on gold and that I was surprised how much it has dropped recently.
That's why this time I am doing things slightly differently. Instead of highlighting a specific price zone, I am highlighting the entire area between $1750 and $1800. This is a zone where the price might fluctuate but if you can still get a buy in anywhere here (obviously the lower the better) you'd be in a great position for the coming week.
If you buy anywhere in this zone I'd say you probably got a great price for Gold. Knowing you can buy it now at between $1750 and $1800 while it has been $2080 just recently seems like a great deal.
The price of gold is already moving upwards if you look close on the 1h and seems to get close to the first zone of resistance. This will be a major test to see if the bulls are strong enough to push gold up again or whether the bears prevail and we test the $1750 levels once again.
In any case I this retracement as a fantastic buy opportunity. And if you're in doubt because you see the negative sentiment on the lower timeframes, make sure to zoom out one time and look at the gold chart on the weekly or monthly time frame. You'll see that on average it has a great tendency to go up over time, so a retracement this big I think is a great buy opportunity.
-Trading-Guru