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Xauusdforecast

#XAUUSD: 1 HR updated view 800+ pips buying opportunity. Gold created all time high when it reached $2424 region, however, big investors close their positions and they sold gold strong, taking price to $2330 area. Price since then has been in recovery process, going forward, price can create another Higher High going above $2440. In one hour timeframe price behaved strongly bullish, giving us an hint of upcoming price move. Taking a risk entry at current price can give you 800+ pips in take profit. However, we advise you to wait for price to fall 2380 if it does a entry at that area with stop loss of 150 pips may become more suitable. Good Luck and Trade Safe. Always remember, there will be hundreds of good opportunities but in order for you to take most of it, you will need capital. So always protect your capital first, do not gamble everything. In fact, do not gamble at all, use proper analysis. Do your own research too.
OANDA:XAUUSDLong
by Setupsfx_
8
Gold bulls are making perfect profits again!Dear friends, in addition to being exciting, it is still so good. Today we went long gold at 2370 and 2365, all of which hit TP and made considerable profits! Today, gold has retreated to the 2365-2360 area many times. When the gold adjustment is over, a new round of upward movement is inevitable. After gold has deeply stepped back to the 2363 position, the candle chart continues to rise along the moving average, all the way up! The current highest level is near 2398. Of course, this is not the end. I think we will definitely meet again at 2400! For trading, I will still maintain the rhythm of falling back and doing long, and focus on the short-term support area of 2380-2375 below. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
OANDA:XAUUSDLong
by MagicTrader_Manuel
2
Gold bulls are too strong, can we go long?Gold once reached the 2325 line, but then the big positive line directly pulled up 70 US dollars to around 2395. This is obviously a strong performance of the bulls. The four-hour line is also obviously stepping on the moving average and soaring directly. The K line just falls back to the position of the moving average, and then takes off directly relying on the moving average. The low point keeps moving up, and the slope is obviously upward. Trading strategy: Gold 2378 long, stop loss 2370, target 2404
TVC:GOLDLong
by Donald-king
Yesterday gold prices plummeted despite Middle East tensionsYesterday the price of Gold ran virtual. After sweeping down, increase sharply again. > Currently, Gold price has returned to the 238x area. With this rhythm, Gold will likely continue to increase due to war news. > Asian session Today, anyone who follows can go to Canh Buy scalp GOLD 2376>2380 SL 2374 TP 2386>239x At this temporary rate, I will not sell Gold but wait for GOLD's reaction and then enter the right trend. Still hoping that gold will collapse first to cut Hoa a few sell entries and then look for good entries to buy -------------------------------- World gold expenses expanded sharply with spot gold growing through 41.three USD to two,382 USD/ounce. Gold futures expenses closing traded at 2,four hundred USD/ounce, up 39.nine USD in comparison to the day before today morning. Safe-haven call for because of worries approximately escalating tensions withinside the Middle East persevered to offer a lift to the yellow steel withinside the first buying and selling consultation of the week. Gold expenses rose sharply whilst the greenback and Treasury yields rose after stronger-than-anticipated US retail income records in March raised worries that the United States Federal Reserve (Fed) may also ought to postpone the coverage pivot. Following the retail income records, the greenback rose 0.2% and the 10-yr Treasury yield hit a five-month high. This is in addition proof that the economic system ended the primary sector on a strong note. The marketplace has now decreased its forecast for the wide variety of hobby charge cuts this yr to two instances in preference to three instances previously. Market analyst Tim Waterer of KCM Trade predicts that the aggregate of geopolitical dangers and the chance that the Fed will loosen economic coverage withinside the 2d 1/2 of of this yr will maintain to growth secure haven appeal. complete of gold. “In many respects, gold is being taken into consideration an `asset for all scenarios` way to its outstanding resilience.
OANDA:XAUUSDLong
by TheLeader_WOLF
Gold will continue its bearish trend.Continue to short goldGold continued to fall after hitting an intraday high near 2372, with the lowest hitting around 2345. So far, although gold still has some rebound, it is difficult to continue its strength. Judging from the current market reaction, gold did not rise as strongly as before due to the surge in risk aversion over the weekend, but showed an inability to rebound. Then the short-term bulls may come to an end, and the short-term will be controlled by the power of sellers! Currently, all short-term technical resistance is concentrated around the 2365 position, so the trading plan I shared today is also centered around shorting gold around the 2365 position. Although the current short-term level of gold has found support in the 2345-2340 area, we need to focus on the 2310 and 2270 positions below. Why pay special attention to these two locations? The reason these locations exist is simple. Because the vicinity of 2310 serves as a platform for the subsequent rise of the non-agricultural market. If it falls below this point, it will return to 2270. At least the probability is very high. Secondly, the 2270 position is the low point where the non-agricultural market will fall first. Once the 2270 position is broken below, Then the bears will completely control the market, and the space below will be completely opened! Therefore, in the next transactions, I will still focus on shorting on rallies, and focus on the resistance in the 2365-2370 area.I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDShort
by Trader_Manuel
Gold is bound to fall after gapping highDear friends, tomorrow will start a new week of trading journey! Let’s first summarize this week’s trading results. Personally, my overall profit this week was over $68K, which I feel is a very good trading result. Although I occasionally suffered losses in this week's transactions, I was able to seize 95% of the trading opportunities and successfully make profits. I think this is a very good result! Hopefully we can keep up the good work next week! For the gold market next week, due to the escalation of conflicts in the Middle East, gold may have the conditions to jump short and open higher on Monday, or gold may be the first to rebound with the support of safe-haven assets. If gold rebounds as expected, we will first focus on the resistance in the 2365-2370 area above. In addition, on Friday night, gold fell back from its highest position near 2431 to its lowest position near 2334, a correction of almost $100. This is a sharp correction that has never occurred recently. I think this may intensify market panic to a certain extent and cause a certain range of selling, which is detrimental to gold. In addition, from a technical perspective, gold has undergone a deep correction, which has consumed the momentum of bulls and also destroyed the bull pattern to a certain extent. There may be a peaking signal in the short term, so gold may continue its correction trend. Therefore, I predict that gold will stage a trend of rising first and then pulling back in the trend next week. Therefore, in terms of trading, in terms of the main trading rhythm, I will focus on shorting on rallies, and first focus on the resistance in the 2365-2370 area above. Of course, I will adjust the specific trading strategy according to the real-time intraday market conditions. No matter what, I wish us to achieve greater success in trading next week! I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
OANDA:XAUUSDShort
by MagicTrader_Manuel
1
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
After gold plummets, how to participate in short-term trading?Dear friends, gold is crazy today. During the day, gold rose by $59 from around 2372, reaching a maximum of around 2431, and then fell by $70, with a minimum of around 2361. It's a crazy roller coaster ride. I think some people must be happy and some are worried in today's market! At present, there is no reliable technical reference for gold in the short term. As for why gold has plummeted, whether it is due to technical overbought. In the final analysis, one is because the main force in the market wants to kill most of the long funds, and the other is because most people cash out their profit-making funds and follow the trend of selling. This led to a sharp decline in gold. Gold is currently trading near the 2361 position. Can we go long gold again? I don’t think we should rush into market trading for the time being. Because the current sharp decline in gold will cause market panic and easily trigger a wave of gold selling, gold may still fall with inertia. Therefore, we need to wait for the market to return to calm and then intervene in market transactions. Although we may miss some profits, our accounts will be safer! I think it's reasonable. Then we will focus on the 2350-2345 area, which is a relatively important support area. If gold slows down in this area, perhaps we can consider trying to do long gold in small batches around this area. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
OANDA:XAUUSDShort
by MagicTrader_Manuel
XAU/USD | GOLDSPOT | New perspective | follow-up detailsIn this video on XAUUSD, we delve into the recent surge in Gold prices, which soared to a new all-time high above $2,330. This bullish momentum was driven by various factors, including a robust March Nonfarm Payrolls report in the United States, which tempered expectations of an imminent rate cut by the Federal Reserve. Gold's price movement continues to be influenced by fundamental drivers such as the US Dollar, geopolitical tensions, and physical demand. The unexpectedly strong Nonfarm Payrolls figures for March, surpassing both estimates and February's numbers, led to a decline in market expectations of a June rate cut by the Fed. Federal Reserve Chair Jerome Powell's cautious stance on rate cuts, echoed by other Fed officials throughout the week, further contributed to this sentiment. Despite acknowledging eventual rate cuts, concerns about inflationary risks tilted towards the upside were voiced by Fed Governor Michelle Bowman and Richmond Fed President Thomas Barkin. In our analysis, we navigate these fundamental factors to anticipate the potential trajectory of price action in the upcoming week. XAUUSD Technical Overview: In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities. Our focal point for the week is the $2,190 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, the appearance of a reversal pattern or a breach below the $2,190 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 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
6
2340 short gold fell as expected, continue to shortDear friends, this morning we shorted gold at 2340, and successfully touched TP: 2328, thereby winning our first win today and making a huge profit! According to the current trend of gold, as gold fell below the rising trend line multiple times yesterday, the momentum of gold bulls gradually declined, and gold currently maintains a volatile downward trend in the short term. On a technical level, candle lines continue to test lows and are suppressed by short-term moving averages. Even after touching support, the rebound strength is much weaker than before, so in the short term, relatively speaking, I still focus on shorting gold on highs. . On the whole, gold has been oscillating back and forth in a large range recently, with no real unilateral trend. So even if I focus on shorting gold on rallies in gold trading, we must also pay attention to the trading rhythm, once the trading rhythm cannot be accurately grasped, it is easy to suffer losses in long and short transactions. At present, we focus on the resistance area of 2340-2345 at the top and the support area at 2320-2315 at the bottom. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
OANDA:XAUUSDShort
by MagicTrader_Manuel
Gold Price Hits Record HighGold price continued its upward trajectory, reaching a record high of $2,3545 in the Asian trading session on Monday. However, it later retreated below the $2,335 mark as market sentiment shifted, dampening the demand for gold. Before resuming its upward trend, gold price dipped to a low of $2,305, coinciding with the 20-day Simple Moving Average (SMA) touching. If gold price breaks below this level, it may trigger a short-term price decline. If subsequent support levels are also breached, it could signal a prolonged period of downward movement. This indicates that the gold market is experiencing volatility and uncertainty.
FOREXCOM:XAUUSD
by LiLy_Happy
Gold Continues to Rise Despite USD Cooling OffGold prices continued their upward trend today, reaching around $2347 USD per ounce, with a 0.261% growth for the day, even as the USD index showed signs of cooling off. However, after several consecutive sessions of gains, gold prices are facing profit-taking pressure. Nevertheless, the precious metal is believed to still receive significant support due to three main reasons driving its record-breaking surge: Firstly, political turmoil is driving investors towards gold. Conflicts in Ukraine and Gaza persist, with the risk of escalation to other nations lingering in the market. Investors and governments alike are wary of the consequences of these conflicts, and gold is seen as one of the most effective hedge assets against such concerns. Secondly, central banks continue to buy gold. Data from the World Gold Council shows that global central bank gold reserves increased by 19 tons in February. Thirdly, gold is considered a hedge against inflation. Gold often sees a resurgence when inflation tends to rise, thereby preserving the value of money. In terms of news, this week sees relatively few economic data releases. The highlights include the US Consumer Price Index (CPI) report for March, expected on Wednesday (April 10), followed by the Producer Price Index (PPI) and weekly initial jobless claims data from the US on Thursday (April 11).
OANDA:XAUUSD
by CaterinaGoldTrading
Gold Price Analysis: Technical Indicators and Trading SignalsOne technical indicator that can help identify potential reversal points for a trend is the Parabolic SAR (Stop And Reversal). The Parabolic SAR places dots on the chart to indicate potential reversal points. From the above figure, you can see the dots change from being below the candlesticks in an uptrend to being above the candlesticks when the trend reverses to a downtrend.When the Stochastic rises above 80, it signals that the market is entering an overbought condition. When the Stochastic falls below 20, it signals that the market is entering an oversold condition.
OANDA:XAUUSD
by CaterinaGoldTrading
Gold sets an all-time recordYou can see waves 1, 3, and 5 formed from smaller impulsive 5-wave patterns, while waves 2 and 4 are formed from smaller corrective 3-wave patterns. Always remember that each wave is formed from smaller wave patterns. This model repeats itself indefinitely. On the daily chart, I see wave 4 forming. The RSI is rising high, indicating strong buying pressure. Using Fibonacci, I see wave 4 likely to retrace to the 0.382 or 0.236 level before running wave 5 to the 0.618 level.
OANDA:XAUUSD
by Rachel_FX
XauUsd- Will CPI trigger a 500 pips drop?Fundamentals: Given the persistent challenge of downshifting inflation within the U.S. economy this year, market participants eagerly await the release of March Consumer Price Index (CPI) figures by the U.S. Bureau of Labor Statistics on Wednesday. This report carries significant potential to induce volatility across various asset classes, necessitating traders to brace themselves for potentially volatile market conditions, particularly if the incoming data deviates from expectations. Projections indicate that the headline CPI is expected to have risen by 0.3% monthly, which would elevate the yearly reading to 3.4% from the previous 3.2%. Similarly, the core CPI, excluding food and energy, is anticipated to exhibit a 0.3% increase on a seasonally adjusted basis. However, the 12-month rate is forecasted to moderate to 3.7% from the prior 3.8%, marking a modest but encouraging step toward addressing inflationary concerns. While recent hotter-than-anticipated CPI and employment figures have prompted a shift in Fed interest rate expectations towards a more hawkish stance in recent weeks, investors still perceive a greater than 50% probability that policymakers will maintain their current stance at the June meeting. Nonetheless, this sentiment could be subject to change if price pressures exhibit signs of reacceleration, jeopardizing progress toward disinflation. Potential scenarios (in theory): 1. CPI report exceeds projections: Should the CPI report surpass expectations, market participants are likely to interpret this as a signal that inflationary pressures are resurging. This would challenge the notion that earlier price spikes observed this year were transitory, thereby reinforcing the likelihood of a prolonged struggle to restore price stability. Consequently, the Fed may reconsider its policy outlook, potentially deferring the commencement of its easing cycle. This scenario is anticipated to be supportive for the U.S. dollar but unfavorable for XauUsd. 2.Inflation figures fall below expectations: Conversely, if the inflation numbers come in below expectations, markets are expected to respond positively, particularly if the deviation is substantial. This outcome could prompt traders to bolster their expectations of the Fed initiating rate cuts in June, potentially amounting to at least 75 basis points of easing this year, aligning with the central bank's prior dot plot projections. A dovish repricing of interest rate expectations is likely to exert downward pressure on Treasury yields, thereby dampening the U.S. dollar while bolstering XauUsd. Technicals: From a technical standpoint, XAUUSD has been on a constant upward trajectory since March 25th, with only one red daily candle observed thus far. Additionally, since April 1st, XAUUSD has achieved an all-time high each day, signaling a potential correction on the horizon. Looking at resistance levels, we have encountered one significant resistance point indicated by yesterday’s intraday double top at 2365. On the downside, key support levels begin at 2330 and are further reinforced by the important zone around 2300. Putting aside the fundamentals outlined earlier, in my personal opinion, I anticipate XAUUSD to correct by at least 500 pips this week, regardless of the outcome of the Consumer Price Index data. I am inclined to sell in the event of a new all-time high.
OANDA:XAUUSDShort
by Mihai_Iacob
7