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Xauusdforecast

XAUUSD TO PUSH LOWER TO 2017.10 HANDLE then LONGS TO 2070.00Hi All Has been a long time since I actually posted my last trade, the reasons for this trade is based on several confirmation factors. We have firstly technicals, entry price is exactly pinpoint accuracy on 61.8% fibonacci level, RSI and Stochastics which are both reverse engineered algorithms that I personally use to help me identify points of entry (These are my own code, so they are not laggy. Been using them for 9 years) as well as an area of importance and a whole psychological price point being 2017.10. Areas of importance that line up with the fibonacci are areas in the market where banks and financial institutions use to enter as well as capitalise on maximum profit. Not only does the 61.8% fib line up on an area of importance, as well as the RSI + Stoch both will show an abundance of oversold data but this also aligns with the 50 moving average on the daily timeframe, which acts as a support to the blind eye. (Generally areas that the market rejects). ^ 3 - 4 solid technicals confirmations.. Now we have the fundamental data... ------ The USA has recently had a tough back and forth with Iran who are situated amongst the triangle. This being China and Russia are also involved which they came to announce that they will do anything to help their neighbouring country. They've already announced this as well as Iran fighting back in an announcement "Iran's UN envoy warns any attacks will be met with response" - Source: ForexLive. Everyone knows that whenever there is uncertainty in the world, investors flood the XAUUSD market and USDJPY drops heavily. Based on the uncertainty in the market, I believe that the market is yet to drop with todays NEWYORK session we will see an absolute rocket of a climb from XAUUSD given that price enters as I believe financial banks and institutions will drive price down... Slowly... for then when announcements hit XAUUSD will sky rocket... Now this is only my opinion and this is in no way shape or form financial advise. Please take trades at your own risk and do not come to me afterwards. LOL. My entries: 2017.10 Stop loss: 2014.00 (31 pips) Take profit: 2070.00 (529 pips) Thanks all. Saif
FX:XAUUSDLong
by MoneyMaliks
XAU/USD 05-09 Feb 2024 Weekly AnalysisWeekly Analysis: Outlook/bias for this coming week remains unchanged. -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line) As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback. Anticipate structure to indicate start of pullback phase once price prints CHoCH. Weekly Chart : Daily Analysis: -> Swing: Bullish. -> Internal: Bearish -> Has reached EQ. Price pulled back following bearish iBOS as per expectation. Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range. Price remains, as last week, to be trading within internal high and fractal low. Expectation: Price to target weak internal low. As per analysis of last week, In the event price continues to trade bullish, which it did, the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. Price has once again to reacted to Daily and H4 nested supply levels where we saw a noticeable reaction. Price wicked above high of internal structure but failed to close above. Expectation remains as H4 analysis dated 02/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD-Next move. Short idea!Gold sell idea. Entry: 2046.30 Stop loss: 2052.50 Take profit: 2020.00 Explanation: Given the outcomes of the Wednesday's Fed and Friday's NFP, Dollar set the bullish sentiment for the month of February. I'll be looking for shorts for the whole month ahead, starting with Monday 2046.30 sell limit. Reason for entry: Retracement from Friday to create a new weekly high tomorrow, 61.8% fib which is also Friday NY retracement zone.Stop loss is put above the 78.6% fib, if I get taken out, I'll look for shorts at 2053.00-2055.00. Take profit is the first fibonacci target, which is 2020.00, a little below where volume is sitting at (2025.00). The trade is 4.3 RR. There will be no high impact news this week, only some Fed member speeches and Today's Powell discussion on Inflation and Interest Rates. Cheers!
OANDA:XAUUSDShort
by jg12345gj
XAU/USD | GOLDSPOT | New perspective | follow-up detailsOver the past week, the price of Gold has been fluctuating between $2,000 and $2,035. This is because buyers seem to be taking a break, indicating a neutral to bullish outlook on the daily chart. Furthermore, the USD's recovery, driven by market adjustments related to the Federal Reserve and the resilience of the US economy, is putting pressure on the price of Gold. Despite soft Personal Consumption Expenditures (PCE) figures from the US in December not causing a significant market reaction, there is anticipation surrounding the Fed's upcoming meeting. Currently, the markets have shifted their expectations for the start of the easing cycle from March to May, but the Fed's stance could alter these expectations. While US economic data remains strong, the Fed could use trends in core PCE to justify implementing rate cuts. The Gold price (XAU/USD) is expected to see changes following the release of the US Core Personal Consumption Expenditure – Price Index (PCE) report for December, which indicates a slower pace of price growth than anticipated by market participants. Annual underlying inflation data has slowed to 2.9% from an expected 3% and a previous reading of 3.2%. Fed policymakers are facing a balancing act, considering robust economic indicators such as consumer spending, the labor market, and Gross Domestic Product (GDP). These factors could support arguments for higher interest rates in the first half of 2024. Given the uncertainties, how do we plan to strategically position ourselves for the upcoming week? I have a strong sense that we may experience significant market movement in the coming 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 behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities. Our focal point for the week is the $2,000 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, a breach below the $2,000 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment. Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions. #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