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Xauusdbullish

XAU/USD imminent buys or rally from 2,460.000I anticipate that gold is gearing up for another rally to sweep the liquidity pool formed along the trendline. Price could either break past the 10-hour supply zone, potentially reaching a new all-time high, or we might see a short-term decline from this zone, pushing the price down to the 19-hour demand level. If the price reaches this demand zone, I expect it to consolidate on the lower time frames, after which gold may expand to the upside. While we're currently seeing a reaction at the present demand zone, I believe it might eventually fail due to the significant liquidity on both sides. Confluences for GOLD Buys: - There is significant liquidity to the upside that remains untapped. - Price shows strong bullish momentum on both higher and lower time frames. - A clean, unmitigated 19-hour demand zone is present. - There are equal lows above the demand zone, suggesting a potential liquidity sweep before price expands. P.S. As the price has already reacted to the current demand zone, I will be holding off for now and either wait for a short-term sell from the supply zone or until the price reaches the 19-hour demand zone. Have a great trading week, everyone!
OANDA:XAUUSDLong
by Hassan_fx
1
XAUUSD Longs from 2,490.000 back upMy analysis for gold this week focuses on buying from the 17-hour demand zone, where I expect price to create a new impulsive move to the upside that could potentially take out the previous all-time high (ATH) again. Currently, we see price sweeping a lot of liquidity and family supply zones from last week, which may slow down price and lead it into my 30-minute supply zone. I will approach this zone cautiously, as it involves counter-trend selling from that point of interest (POI). However, it's an extreme zone at a premium price that remains unmitigated, so I'll watch the price action closely on Monday's open to see if price starts retracing or enters the supply zone. Confluences for GOLD Buys are as follows: - Liquidity above that needs to be taken. - The market is very bullish on both lower and higher time frames, making this a pro-trend trade idea. - Fundamental and sentiment-driven news also suggests that price will remain bullish. - Price failed to hold two new supply zones last week. - A 17-hour demand zone has been created, which looks promising for possible buys. P.S. If the ATH is taken out and my 30-minute supply zone fails, I will wait for a new demand zone to form closer to the price before looking for a new supply. Ideally, we get that retracement before continuing the bullish move. Have a great trading week, guys!
OANDA:XAUUSDLong
by Hassan_fx
2
XAU/USD Imminent gold buys from current price back upCurrently, gold remains very bullish, and this idea aligns with the pro-trend approach. I'm particularly interested in the 16-hour demand zone that caused a break of structure. I will be watching for a Wyckoff accumulation at this level or possibly at a lower demand zone. Regardless, we are approaching strong demand zones. The plan is to take the price back up to a newly marked supply zone on the 15-hour chart. From there, I might consider possible sells, but for now, I’m focused on buys. Confluences for GOLD Buys: Price has broken structure to the upside and is continuing a bullish trend. There is still a lot of imbalance and liquidity to the upside. The 16-hour demand zone has been mitigated, and I'm awaiting a Wyckoff accumulation. This is a pro-trend idea on both the higher and lower time frames. Price has completed a retracement and appears poised to make a new leg to the upside. P.S. If the price breaks this demand zone, I will expect it to mitigate a deeper demand level, such as the one on the 23-hour chart.
OANDA:XAUUSDLong
by Hassan_fx
GOLD Imminent buys towards 2390 sell idea This week, my analysis for GOLD involves seeking immediate buying opportunities from the 12-hour demand zone where price is currently situated. My strategy is to initiate buys with the aim of targeting the 6-hour supply zone above for potential selling opportunities. Despite the significant drop on Friday, price still appears bullish based on last week's performance, but we might anticipate a reversal in the near future. In case the current zone fails to hold, there's a demand zone below where we could consider another buying opportunity. This scenario is possible given the substantial liquidity present below my point of interest (POI). With ongoing news about geopolitical tensions, gold could potentially rally further, but we'll closely monitor unfolding events and adjust our approach accordingly this week. Confluences for GOLD Buys are as follows: - Price has been very bullish for the past couple of weeks and multiple BOS have taken place. - War news is happening and as we have seen before gold usually has a bullish reaction from it. - Price has recently broken structure and is now in a 12hr demand zone. - Price looking like it's slowing down on lower time frames could get a wyckoff accumulation. P.S. Gold may experience a decline from the 6-hour supply zone, given the substantial rejection indicated by the long wick on the higher time frame. This downward movement could signal the beginning of a potential bearish trend. Gold presents compelling opportunities for trading this week, with various potential entry points to capitalize on. Let's aim to seize these trading opportunities and capture profitable movements in the market!
OANDA:XAUUSDLong
by Hassan_fx
1
Bullish Outlook on XAUUSD - 13 OctoberOn the H4 timeframe, price is exhibiting bullish order flow, forming higher lows and higher highs, which manifested itself as an ascending channel. Price has recently tapped into a key resistance-turned-support level at 1869, which is in line with the 50% fibonacci retracement. A throwback to this level will provide the bullish acceleration towards the next support-turned-resistance level at 1902.50, which coincides with the 100% fibonacci extension. Price is hovering above Ichimoku cloud and 20 EMA, supporting our bullish bias.
OANDA:XAUUSDLong
by Salzworth
"Gold's Battle at 1944: A Crossroads"#XAUUSD On September 1st, encountered a formidable resistance barrier at 1950 and subsequently began its descent toward the established support level at 1885. Interestingly, the downward trajectory was interrupted as gold found a reversal point around the 1900 mark. Currently, the precious metal is in the process of retesting the 1944 resistance level. Should gold successfully breach the resistance at 1944, it could signal a potential bullish move, with the price poised to ascend towards higher levels, possibly reaching 1985. However, if the resistance at 1944 holds firm, there remains the possibility of a downward correction in the gold market. Sell Entry - 1942 TP1 - 1900 TP2 - 1885 Buy Entry - 1946 TP1 - 1980 TP2 - 2015 SL - Join Our Channel
FOREXCOM:XAUUSDLong
by FKW-Millions
1
XAUUSD | Price Action | New Week perspective | follow-up detailsWelcome back to another episode where we dive deep into the dynamic world of Gold. The bulls' recent positive traction lifted Gold's price on Friday; Breaking a four-day losing streak, it surged from its lowest point since March, hovering above the pivotal $1,885 zone. Adding to the intrigue, the US macro data paints a portrait of an exceptionally resilient economy, lending strength to the Federal Reserve's hawkish stance. This fortifies the US Dollar (USD), holding it near its peak for over two months, thus constraining Gold's ascent. Beyond these nuances, traders exhibit a certain caution, likely opting to wait on the sidelines as the momentous Jackson Hole Symposium looms on the horizon next week. Brace yourselves for market volatility as central bankers' comments wield their influence. As the anticipation builds, US bond yields emerge as the juggernauts shaping USD dynamics in the absence of significant domestic economic data. The broader risk sentiment becomes a compass that will be guiding our trading decision toward short-term opportunities. Stay tuned as we navigate through the intricate tapestry of Gold's journey, dissecting trends, patterns, and possibilities. XAUUSD Technical Analysis: In this video, we delve into XAUUSD's price action, decoding accumulation, and distribution patterns. By analyzing historical price moves, market behaviors, and buyer-seller dynamics, we extract insightful cues. The strategic approach? Waiting for compelling follow-through buying signals to confirm a potential near-term bottom for the USD-linked Gold before diving into bullish ventures. The $1,895 and $1,885 zones take center stage. Its historical significance makes it a crucial point. If the reversal set-up sustains and the price breaks out both the descending trendline and the $1,895 level, a bullish week could unfold. However, the breakdown of the $1,895 level can trigger a USD-favored sell-off. Stay tuned for more thrilling updates on the Gold market! Remember, trading involves risks, and I always recommend exercising caution and seeking advice from financial professionals. Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry