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Xauusdforecast

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. 📊✅
FOREXCOM:XAUUSD
by fxtraderanthony
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
OANDA:XAUUSDShort
by ShumbaFx07
XAUUSD GOLD trade Idea on 4-hr timeframe {18/07/2024}Educational Analysis says XAUUSD GOLD may move in this range for some time according to my technical. Broker - OANDA This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, it maybe long for the premium level in the 4-hour time frame. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this trade turned out. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
OANDA:XAUUSD
by VishalBudhrani
XAUUSD moving again to break a new record high**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold. **Weekly Chart** The last weekly candle closed as a big bearish high test. This happened after XAUUSD (Gold) reached a new record high. This created a large sell-off from buyers closing their positions at high prices and introduced sellers to short gold for quick profits. **Daily Chart** Last week XAUUSD closed near the previous equal low which was at some point the daily swing high. This has created a new demand zone for the price to push higher again after completing the sell-off. This week we will be looking for entry to move higher and create a new record high in line with fundamentals and geopolitical factors. Look for buy setups forming on lower time frames (ie. 4H and 1H).
OANDA:XAUUSDLong
by PropSignals
XAUUSD: What is the future of the Gold| $3000 or $2300?Dear Traders, OANDA:XAUUSD recently price reached to record high after hitting at $2484 and rejected there. After looking at the chart closely, we can see price rejecting at three point rejection buy side trendline. Where price previously dropped heavily after rejection at the point. Currently we have two options, firstly price might continue heading towards $3000 as we had described in our previous chart or it might drop to $2350 or lowest $2300. Please use this analysis as educational purposes, unlike our other analysis. Good Luck.
OANDA:XAUUSD
by Setupsfx_
13
XAUUSD | GOLDSPOT | New perspective | follow-up detail [15 - 19]In this video, we delve into the recent surge in Gold’s price, breaking above $2,400 on Friday, driven by speculation that the Federal Reserve (Fed) might start its easing cycle in September. But is this just a temporary spike, or the beginning of a powerful gold bull run? 🤔 To navigate this market, we need to have a deep insight into the market dynamics driving gold's recent surge: 📉 US Yields & Market Reactions US yields are collapsing, with the 10-year Treasury note yield dropping 10 basis points to 4.187%. This significant movement has set the stage for potential rate cuts by the Fed. 📊 Inflation & Employment Data Insights Data from the US Bureau of Labor Statistics (BLS) revealed deflation in consumer prices for June. Core prices, excluding volatile items like food and energy, also dipped, reigniting hopes for a Fed rate cut in 2024. The CME FedWatch Tool now shows an 85% chance of a quarter-point rate cut in September, up from 70% just days earlier. 👷 Robust Labor Market Despite inflation concerns, the labor market remains strong. Unemployment benefit claims came in lower than expected, presenting a balanced Goldilocks scenario where inflation decreases while employment stays robust, with no signs of an impending recession. 🎙️ Federal Reserve Signals Federal Chair Jerome Powell highlighted labor market risks, noting considerable softening. This, combined with ebbing inflation pressures, opens the door for potential rate cuts by the U.S. central bank in September. 🚀 Future Trends & Market Dynamics The path of least resistance for Gold is to the upside. But how will the upward momentum unfold? In this video, we provide a detailed understanding of the current market dynamics and a comprehensive plan to capitalize on upcoming opportunities. XAUUSD Technical Overview: We took a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is fixed on the key level at $2,390 for the upcoming week. This historically significant mark is poised to steer trading dynamics. If we see sustained momentum above this level, it could fuel further buying interest and potentially pave the way for fresh highs. Conversely, a move below $2,390 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights! #GoldAnalysis #ForexTrading #GoldMarket #FederalReserve #TradingStrategy #MarketInsights #USYields #InflationData #EmploymentData #FinancialMarkets #GoldPrice #Investing #TradingTips #ForexEducation📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries 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.
PEPPERSTONE:XAUUSD
by darcsherry
XAU/USD 18 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. I have been previously mentioning that price could be seeking further liquidity to fuel it's bearish pullback phase and price could create a higher high to bring CHoCH positioning closer to current price action to allow for a more realistic indication of pullback phase. This again, is precisely what happened. Price has printed all time high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line. 50% EQ for swing structure is denoted in black. 50% EQ for internal structure is denoted in blue. Price has printed a bearish CHoCH indicating bearish pullback phase initiation, however, price has been unable to sustain it's bearish pullback phase and seems to be targeting the weak internal high. Intraday expectation: Price has been unable to sustain it's bearish pullback phase. I would therefore stand aside an wait for price to confirm. It may be possible that price will print a higher high which would bring the internal low closer to current price action allowing for more realistic confirmation of bearish pullback phase initiation. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS which confirms swing pullback phase initiation of the swing structure and has also confirmed swing range, however, I will be monitoring this. Intraday expectation: Internal structure is bearish, swing and internal high are positioned the same making swing high weak but the internal high strong. I would therefore stand aside and wait to see how price reacts at M15 supply level before taking action. M15 Chart:
OANDA:XAUUSD
by Khan_YIK