XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices surged 1% on Friday as U.S. Treasury yields fell, driven by optimism for a potential interest rate cut by the Federal Reserve in September. Data showed U.S. prices rose modestly in June, giving Fed policymakers fresh evidence of progress in their battle against inflation. The personal consumption expenditures (PCE) price index increased by 0.1% last month, pushing benchmark 10-year note yields to a one-week low.
In this video, we analyze the impact of these fundamental dynamics on the Gold market and explore the technical implications on the charts. With the Federal Reserve's monetary policy decision coming up next week, the central bank is expected to keep rates unchanged. However, this meeting could set the stage for the first rate cut in September.
What can we expect from the gold market in the coming week?
XAUUSD Technical Overview:
This week, we're focusing on the crucial $2,390 level. This is a big deal for gold traders - it could be a make-or-break point. If gold stays above $2,390: Bulls might take control, potentially pushing prices higher and setting up new highs. If gold maintains selling pressure below $2,390: Bears might gain the upper hand, and prices could head south respecting the descending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
#Gold #GoldPrices #FederalReserve #InterestRates #Forex #Trading #MarketAnalysis #TechnicalAnalysis #PCE #USInflation #TreasuryYields #Investing #Finance #EconomicData #ForexTrading #XAUUSD📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Xauusdforecast
#XAUUSD/GOLD breaks out, is it a long-term buying opportunity?After breaking through the resistance zone of 2430-2433, the current gold price is forming a peak around 245x, with the breakout at 2386 giving gold an upward momentum again.
The market is very difficult to trade, and the trading trend for the Europe - US session is BUY. Key price areas to watch are 2428-2432 and 2390-2400. If the price fills this liquidity area, it will be an opportunity for us to target the peak zone of 2480-2484.
Recommended orders:
Plan 1: BUY XAUUSD zone 2429 - 2432
SL 2426
TP 2435 - 2450 - 2373.
Plan 2: BUY XAUUSD zone 2390 - 2393
SL 2387
TP 2400 - 2430 - 2373.
Plan 3: SELL XAUUSD zone 2451-2453
SL 2457
TP 2448 - 2440 - 2432 (small volume).
Two major news are about to detonate the gold price market.
Two major news are about to detonate the gold price market.
Will the follow-up of the attack on the top leader of Hamas detonate the gold price market? Will gold continue to rise if the Fed cuts interest rates?
Senior analyst Eddy believes that gold will directly go long on gold prices before the two major news come. Waiting for the market to soar. Hamas's resistance is undoubtedly the fuse that leads to the rise in gold prices. The upcoming Fed interest rate will also drive gold prices up again. So now is still a great opportunity to buy. The current price is at 2421. The battle line is extended. Buy in the range of 2410-2420. Wait for the market to rise.
Investors with large funds can buy multiple orders in advance. If your funds are relatively small. Remember to go long in a small position at a stable position.
COMEX:GC1! FOREXCOM:XAUUSD TVC:GOLD TVC:DXY
Will the gold price continue to rise? Yes
London market: The attack on Hamas leaders has once again detonated the market. After the gold price fell back to 2405 in the Asian market, the gold price rose again to a high of 2422 because of the news. It is currently fluctuating at 2419.
Senior analyst Eddy believes that after the short-term gold price falls, it will continue to rise. Therefore, the main trading method is to buy at low levels. The stable position is 2410-2415. Friends with large funds can consider entering the market at 2419-2417 in advance.
TVC:GOLD FOREXCOM:XAUUSD COMEX:GC1!
XAUUSD: From our previous analysis, price did early mitigationIn our previous analysis we stated that price could reach 2330 region and reject from there as we though price is finally going to fill the gap. However, it did not work out as we expected and price mitigated from early key level where previously price reversed from. We anticipating price to grow from the current region, a safe entry can be at 2308 from where we can see price reversing strongly. Good luck.
XAUUSD - GOLD - Scalping Mode! 29thth JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD 7/29/2024 Is the uptrend over?
Looking at H1, we can see that the corrective uptrend may have ended.
- The price will continue to move in a downtrend to complete the purple wave C as shown on the chart.
During the move to the target price zone of wave C, we see that at the 2374 treble line, this is the previous breakout price zone and has not been retested, so there is still a very strong demand force in this price zone.
- We expect the price to bounce back to the 2374 zone, so we will place a BUY order in this zone.
Trading plan
BUY ZONE: 2376 - 2373
SL: 2366
TP1: 2382
TP2: 2400
TP3: 2410
SELL ZONE: 2314 - 2417
SL: 2424
TP1: 2401
TP: 2382
TP3: 2365
GOLD Shooort!Based on the previous analysis, using a longer timeframe (1D), I anticipated that the price might be looking to test the support zone at 2286 i.e if today's daily candle stick closes above 2405.
Now the price has broke out of the rising channel, retested it (which was a fake out) and looks like it will continue with the bearish momentum.
My entry position is at 2383, SL at 2395 and Target at 2286.
XAUUSD - GOLD - Scalping Mode! 26th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD | GOLDSPOT | New perspective | follow-up detail [22 - 26]Gold prices took a tumble on Friday, dropping over 2% as the US Dollar strengthened and investors took profits after last week's record highs. The precious metal extended its losing streak to three days, closing around the $2,400 level.
What drove the dip?
📈 Strong US Dollar: A surge in the USD, fueled by speculation about a Republican victory in the US elections, weighed on gold.
📈 Rising Bond Yields: Increasing bond yields also contributed to the decline, making gold less attractive.
But hold on, the story doesn't end there! 🤔
Analysts remain optimistic about gold's long-term prospects:
📉 Fed Rate Cuts: The Federal Reserve is expected to cut interest rates in September, which is bullish for gold.
📈 Market Sentiment: According to the CME FedWatch Tool, markets are pricing in a 98% chance of a U.S. rate cut in September.
🌎 Geopolitical Instability & Central Bank Demand: Ongoing global tensions and central bank buying provide further support for the precious metal.
🔍 What's Next?
Gold prices took a hit last week, but is this just a temporary dip or a sign of things to come? This video dives deep into the technical aspects of XAUUSD, offering insights into what to expect in the coming week!
Don't miss out on this comprehensive analysis!
XAUUSD Technical Overview:
This week, we're focusing on the crucial $2,400 level. This is a big deal for gold traders - it could be a make-or-break point. If gold stays above $2,400: Bulls might take control, potentially pushing prices higher and setting up new highs. If gold falls below $2,400: Bears might gain the upper hand, and prices could head south. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
#GoldAnalysis #ForexTrading #GoldMarket #FederalReserve #TradingStrategy #MarketInsights #USYields #InflationData #EmploymentData #FinancialMarkets #GoldPrice #Investing #TradingTips #ForexEducation #TrumpPolicies #JeromePowell #GeopoliticalStability #CentralBankDemand 📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
XAUUSD: +2000 Pips Price is Forming AB=CD PATTERNDear Traders,
After looking at how price behaved since last week, we think there is a chance for price to drop to 2330$ which remain a crucial area where we can see reversal and potential a big buy opportunity. Wait for pattern to be completed once the pattern has been formed, we can see strong buying pressure kicking in the market. We wish you all the best and trade safe.
Good luck and trade safe!
XAUUSD Gold Technical Analysis and Trade Idea👉🔍 We can observe that XAUUSD (Gold) has been in a strong bullish trend recently. However, it has experienced a significant retracement into a key support zone. In the video, we discuss market structure, price action, the trend, and the fact that this has moved into a significant liquidity pool. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
Gold seeks new buyers to trim rapid downfall SHORT.....Gold found fresh buying interest after its aggressive pullback from a record high of 2,483 paused at 2,383. The precious metal is currently looking to gain more ground following its close above the 20-period simple moving average (SMA) and the 38.2% Fibonacci retracement of the latest upleg at 2,410. From a technical perspective, the risk is skewed to the upside as the RSI is set to cross above its 50 neutral mark and the MACD, although negative, is showing some recovery above its red signal line. Nevertheless, with the stochastic oscillator nearing its previous highs in the overbought region, any potential rises may
XAUUSD - GOLD - Scalping Mode! 24th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD: 400+ Pips Buying Big Opportunity! Swing BuyOANDA:XAUUSD
Price has turned bullish as we suggested in our previous analysis, now we have strong confirmation that price will likely to hit the area of 2460 to 2470 where a huge number of sell volume would likely to reverse for a big swing selling entry. Good Luck.