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Xaulong

XAU blueprint In accordance to my last publish on the xau Daily time frame analysis, we all agree that the (long term) foresight of the xau market is bullish, all I've done in the 4hour time-frame is highlighting all possible zones of a possible reaction leading to a minor sell. Note that any of those zones highlighted which causes a market reaction resulting in a sell/bearish movement is merely a retracement as the foresight is bullish 👍 Follow me for more updates on the analysis and market turnarounds....
FXOPEN:XAUUSDLong
by Nuelz007
XAUUSD Bullish (11/05/2023 to 11/10/2023 prediction)In the higher timeframe, we are still in a bullish structure so we will look for buys for intra-day swing setups as the price never closed in the 1962 - 1953 range or below. It may give us some valid sells, but I would feel a lot more comfortable rejecting the 2010 key level before thinking anything intraday at that point. I am nowhere near comfortable in the middle of the range where we are or trying to guess the price drop below 1970 without major catalysts affecting price. With that being said, we also did not create any new highs. We are in a consolidation zone as we gather orders for the next breakout. It wouldn’t be too unusual to slowly make our way to the top of the range if no new catalysts happen as we are light on news this week. Due to lingering war tensions all over the world, doveish federal reserve sentiment lingering from last week, and a softening economy from lagging increase of interest rates and a shady banking industry that may see some failures soon, it will be hard to say with some confidence so see Gold Bears really gain momentum with full force. Those are strong fundamentals that will be lingering for months. We need to see a major catalyst to really see Gold drop. There is a very high chance we will create all-time highs within the next six months. We could see some retracement to 1980-1975, but we will still look for buys as we haven’t broken the bullish market structure on the higher time frame. We have a light week with economic news with mostly fed speakers, including Jerome Powell, who speaks on Tuesday and Wednesday. Initial jobless claims are coming out on Thursday, and we expect 215K first-time people filing for their state’s unemployment insurance. Last month was 217K, so we are actually expecting fewer people to file for the insurance. After last week and the reports showing the economy softening a bit faster than expected, it is hard to see that number respected. If it comes out way higher, dollar bears will kick in. Dollar bulls if it comes out way lower as that will indicate there is still too much steam in the economy. If it comes out as expected, expect nothing to happen as it will likely already be priced in. We close the week with Michigan Consumer Sentiment and 5-year consumer inflation expectations. Not heavy reports to affect price but it is good to know how the customers feel as they were taken 2 days before. I expect their reactions to be neutral to negative and a bit lagging as credit cards have been going up while retail sales have stayed the same. The reports indicate that the covid stimulus money will be spent by the end of Nov 2023 with payments on mortgages and student loans expected to start back up. December 2023 may be a blood bath, which will be starting in 2024 on a really bad note. For the smaller banks, commercial properties and auto loans are the things I am looking at going forward in the future Trade Idea 1: We see price go bullish and slowly make it’s way up to the 2005 area. That will confirm bulls as that will have made a new high. We could see 2010 by the end of the week, maybe 2020 if fed turns hawkish or new fundamentals. Trade Idea 2: We continue our bear pressure from the start of the week and retest lower levels of 1976. We start going lower and Bullish bias is in jeopardy. I expect a retest and slowly make it’s way back up to 1997… maybe 2010. Trade Idea 3: We start off with the same as Idea 1 but instead of breaking higher from the wedge, we break lower to test 1981 level before bulls taking over.
FX:XAUUSDLong
by MrMunni
Road to 2000 Back On...Fuelled by the Middle East, CHF, CAD & JPRoad to 2000 Back On...Fuelled by the Middle East, CHF, CAD & JP Following the start of some unfortunate events this October gold has seen a sharp ascent back to the late 1900s where it now stands at the gate of 2000 once again. With the recent push came with many imbalanced technicals and with some inaction in the middle east today we have seen tensions fall a little and dollar stand back on its legs whilst the dust settles I am expecting a little pullback to balance out most technicals before continuing the bull run up to and past 2000, hopefully for good this time :)
EIGHTCAP:XAUUSDLong
by OfficialKieranTrewick
GOLD BULLISH OUTLOOK After breaking through the $1,900 support level in the latter half of the year, gold accelerated its descent, reaching an ideal correction level at approximately $1,810, as per the Fibonacci 0.618 retracement. In tandem with the rise in risk perception leading to increased demand for commodities, the gold market witnessed a gap-up opening. The price per ounce of gold commenced the week with a 1% gain, hovering around the $1,850 mark. Should this demand persist, the $1,870 range will emerge as the initial resistance zone, followed by the critical juncture at the $1,900 mark, which will determine the trend for gold. The gold market has faced pressure in recent months due to heightened demand for the dollar in a climate of global uncertainty. However, the resurgence of geopolitical risks could potentially reverse this trend. Such a development might rekindle demand for gold in the final quarter, diminishing the allure of the currently overbought dollar. Consequently, it's conceivable that the pricing dynamics of this week may be driven more by geopolitical risk than economic data, which could exert a more pronounced influence in the forthcoming periods. If gold decides to revert though, it might close the gap and return to 1829. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
OANDA:XAUUSDLong
by legacyFXofficial
Gold: Today’s rise is within my expectations After hitting a new high again today, it began to fluctuate. If it is no longer strong, it will become weaker! The current price of US market 1950 is short, bearish callback! Gold's current rise has touched the early intensive trading pressure area and encountered resistance! There is a need for a callback! The U.S. market is bearish and has pulled back, with support below the 1940 area! More after getting support! Gold is now in a concussive trend at the bottom of the daily line. It will move between the upper and lower Bollinger rails if it rises or falls! Now that the upper pressure area has been touched, start shorting! The recent market is concentrated in the US market, waiting for the dive! Gold is what I expected Strategy: Gold 1940, buy 1950, short buy, you can buy at any time when the points are reached.
FX:XAUUSDShort
by Dylan-Jones
Gold: 1890 is more supported today! The decline of gold is over, and the bottoming or rebound trend is starting! Today started to be more bullish, relying on the support of 1885, stepping back to more low, more around 1890! Looking at the hourly chart, gold has fluctuated all the way down before, and is suppressed by the moving average. Every time it touches the moving average, it will break a new low! However, the market has been supported by 1885 in the last two days, not only did not continue to break new lows, but also broke through the suppression of the short-term moving average! The market has changed! Today's gold starts to be low and bullish. The first pressure above is to focus on the 1900 mark, which is also the pressure position where the rebound encounters resistance. The second target is the long-term moving average 1905 pressure! Whether it is a rebound or a bottom shock, pay attention to whether 1905 breaks through!
FX:XAUUSDLong
by Dylan-Jones
Gold bugs to reclaim 1950?We suspect gold has printed an important swing low at $1925, and are now seeking a move towards the $1950 - $1953 zone. The bullish engulfing candle on the 1-hour chart was accompanied with heavy trading volume to show demand around $1930. Yet the prior consolidation area has heavy volume around $1935, which means it is a potential level for support for dip buyers to focus on. Prices have already retraced overnight, so we're now seeking evidence of a swing low for a potential move to $1950 / $1953.
FX_IDC:XAUUSDLong
by CityIndex
More downside for gold?In tandem with our expectations, gold broke below $1,900 yesterday and established a new low slightly above $1,893. That is normally described as a bearish development. However, we previously emphasized that the declining volume accompanying the declining price raises questions about decreasing selling pressure. With volume ticking up near yesterday's low and subsequent rebound in the price, we think that some investors might be already getting back to the market. Despite that, technical indicators on the daily time frame point to the downside. As a result, we are not yet turning bullish on gold in the short term (though, in the long term, we stay very bullish). There is still potential for gold to drift below its yesterday’s low and continue lower, toward $1,875. What we would be looking at in such a scenario is how quickly new dips would get bought by investors. In our opinion, gold below $1,890 will attract new buyers, which might finally halt the selling pressure completely. Consequently, we continue to think that it would be rational to wait a little bit longer before adding more gold to our portfolio. Illustration 1.01 Illustration 1.01 portrays the daily chart of XAUUSD and two simple moving averages in a bearish constellation. Below the gold’s graph is RSI. It can be seen developing a bearish structure; if it continues and breaks below 30 points, that will be very bearish for gold. In such a case, we might expect these developments to be accompanied by a strong selloff. Although if RSI starts flattening and the price begins retracing toward its 20-day and 50-day SMA, it will be a slightly positive sign. Technical analysis Daily = Bearish Weekly = Bearish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
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