GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Xauusdforex
xauusd: Will gold reach 1900?Hello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Gold has continued its downward trend this week, with further pressure expected due to the renewed rise in DXY. Personally, I anticipate another decline in gold, so my trading advice for the near term is to wait for an upward movement before continuing to short.
Key resistance levels to watch are 2040-2050-2060. Scaling in short positions can be considered upon reaching this area, with target zones focused on 1980-1960-1940.
I update market analysis daily and also send accurate trading signals within Luke's group to help ensure the long-term stability and profitability of your account. Don't miss out!
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame. Completed Impulse and Correction as Symmetrical Triangle in Short Time Frame. " 12345 " Impulsive Waves and " A " Corrective Wave Completed. Triple Top Pattern in Short Time Frame.
Gold still has potential to fall back to 2020-2015 zoneDear friends, after hitting near the 2019 position, gold then rebounded and is currently trading near the 2029 position. Has gold stopped falling, stabilized, and started rising again?
In fact, compared to the current gold, before gold breaks through the 2040-2045 range, gold as a whole is still in a short pattern. Only when gold rises and breaks through the 2040-2045 range, will gold completely get rid of the short pattern. For the short-term level, the short-term level of gold is currently suppressed by the intraday high in the 2030-2032 range, so gold is relatively weak during the rebound. In addition, from the perspective of the US dollar, the US dollar index is supported by the 103.15-103 area, which limits the room for the US dollar to fall and also puts certain pressure on the gold market. Therefore, after gold rebounds, it still has the potential to fall back to the 2020-2015 area.
Therefore, in short-term trading, we cannot see that gold has risen for the time being, so we start to chase gold in large quantities. At present, gold has rebounded to near the 2029 position and faces short-term resistance in the 2030-2032 area, so I think we can continue to short gold around the 2028-2030 area. I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the channel at the bottom of the article to get detailed trading signals, trading lots, and TP and SL.
XAUUSD Gold Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed Impulsive Waves ( Bearish ) Below Demand Zone Completed the Break of Structure will make its Correction to Complete the Retracement. The Previous Support can now React as the Resistance wait until it Completed its Retracement or Reject with Strong Price Action
Technical Analysis of Gold Prices: Current Trends and Potential Gold experienced a significant decline on Tuesday, completely erasing the previous month's gains and edging closer than ever to the 50-day simple moving average, a crucial support indicator just above the $2,010 level. Bulls must diligently defend this technical floor, as failure to do so could trigger a downward momentum towards $1,990, followed by $1,975.
On the flip side, if buyers stage a comeback and initiate a reversal in the upward trend, resistance is likely to emerge around the $2,045-$2,050 range. Overcoming this formidable barrier might pose a challenge, but a decisive breakthrough could set the stage for a favorable rally towards $2,085, the peak observed in late December. With further strength, XAU/USD could be on track to retest its all-time high.
Drawing insights from the available content, it's evident that the gold market is delicately poised between critical support and resistance levels. Traders and investors alike will be closely monitoring the market dynamics to discern whether the current technical indicators will pave the way for a renewed upward trajectory or if further declines are imminent. The $2,045-$2,050 range emerges as a pivotal battleground, making it crucial to observe how market participants respond to potential price movements in the coming sessions.
XAUUASD Gold 16/01Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves at Strong Support Zone. We have Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. We have Break of Structure and Strong Divergence
Gold Surges to $2,055 as US Interest Rates DeclineGold extends its three-day rally, reaching $2,055 per troy ounce in Asian trading on Monday. The surge is fueled by risk aversion from Middle East political tensions and speculation about a March interest rate cut by the Federal Reserve (Fed).
Escalating Israel-Gaza conflict, especially after an Iranian-led Houthi missile attack on the USS Laboon, boosts Gold demand as a traditional safe-haven asset. Concerns linger over potential disruptions in the Hormuz Strait, and Iran's response to recent political developments is closely watched.
The US Dollar (USD) hovers around 102.40, influenced by declining US Treasury yields, possibly triggered by weak Producer Price Index (PPI) data. The US Dollar Index (DXY) trims gains as US Treasury bond yields decrease, with the 2-year and 10-year yields at 4.14% and 3.94%, respectively.
Barclays' Friday revision anticipates a March Fed rate cut, shifting market sentiment towards Fed monetary policy easing, pressuring the Greenback. Barclays analysts expect a 25 basis points reduction at the March Federal Open Market Committee (FOMC) meeting.
XAUUSD Longs from 2030.000 back upI find Gold intriguing, and I'll share my current perspective on this pair. Given my bullish bias, this trade idea is in alignment. The recent price movement, with a shift in character and substantial liquidity sweep, has formed a compelling demand zone on the 16-hour chart. I'm now waiting for a re-accumulation within this zone, coupled with a liquidity sweep around 2030.000, before considering buy positions.
Alternatively, if price continues its ascent toward the 4-hour supply zone without an immediate retracement, I'll anticipate a bearish reaction. In this scenario, I'll be interested in sell opportunities to ride the price down towards a demand zone and align with the overall trend.
My confluences for Gold Buys are as follows:
- A 16hr demand zone below triggered a new CHOCH to the upside.
- The overall short-term and long-term trend is bullish, aligning with this idea.
- Imbalance above the demand signals a favourable reaction at my POI.
- Abundant liquidity above, including trend lines and untouched Asian highs.
- Price needs to dip to a significant demand level for an upward rally to persist.
- After a CHOCH I'm expecting a pullback and retracement for price to keep going up.
- There is an untouched asian low inside my zone once swept could expect a reaction.
- I also expect the dollar to keep dropping indicating that gold will keep going up.
P.S. As these are the two closest opportunities to the current price, I acknowledge that price might surpass these zones to reach a more favourable one, such as the significant daily demand below the 16-hour chart. Can't stress enough that adaptability enables a comprehensive perspective in navigating the markets so always weigh up other possibilities.
Have a great week ahead traders!
XAUUSD Gold BUY / SELL ?Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame. It has completed " 12345 " Impulsive Waves and Making its " A " Corrective Wave. We have Break of Structure and Completed the Retracement and we have Strong Divergence.
Gold Price Forecast and Analysis Today Examining the recent daily chart, the downward trend channel forming in the XAU/USD gold prices lacks the strength to indicate a reversal of the overall trend. It is evident that a true trend reversal is unlikely unless the price transitions to key support levels at $2,000 and $1,985 per ounce, respectively. Additionally, the possibility of this shift exists if the United States unveils more economic data than anticipated, potentially supporting a tightening of the country's monetary policy.
On the contrary, if today's released U.S. economic indicators fall below expectations, there may be a higher chance for an upward gold price trend. From a technical standpoint, the immediate resistance levels for this scenario could be at $2,048 and $2,070.
In a broader context, it is crucial to note that I still favor buying gold across all intensities. This preference stems from the metal's resilience, fueled by heightened global geopolitical tensions and increased gold purchases by central banks as a risk mitigation strategy.
This unique analysis takes into consideration the evolving market dynamics, emphasizing the potential impact of economic indicators on gold prices, while reinforcing the rationale for a positive stance on gold investment.
XAUUSD: Gold continues to shake, focusing on 2015-2042
Yesterday's gold can be said to be ups and downs, after the opening of 2030, the shock operation, the highest reached 2040, the lowest in the second half of the night to explore 2020, the overall maximum amplitude is also close to 20 large points, but in yesterday's Asian and European trading hours, the trend of gold is not obvious, can not give trend guidance, but also let a lot of short friends, in between long and short constantly trial and error.
Today's operation, before the data comes tonight, maintain the shock idea, light position bold to do no problem, gold is currently running range 2015-2040, then in this range, the United States before the high short, low long, continue 2035-2038 layout short, stop loss 2042-2043, target 2020, If gold goes further down near 2015, it can also try more light positions, stop losses in 2009, and look at 2025 near the target first.
Gold Holds Above $2,020 With Limited DirectionGold is developing below its 20-day simple moving average (SMA), which is providing dynamic resistance around $2,040. Meanwhile, the gently rising 100-day SMA is crossing above the flat 200-day SMA, both situated around $1,960. Finally, technical indicators are mildly decreasing in neutral territory, not enough to confirm another leg down.
The near-term picture tilts risks to the downside as the XAU/USD pair develops below all its moving averages. Moreover, the declining 20-day SMA is cutting below the 200-day SMA, while the 100-day SMA remains directionless above them. At the same time, the Momentum oscillator fluctuates around its 100-line, while the Relative Strength Index (RSI) is gathering downside traction in negative territory, supporting another push towards the weekly low at $2,016.61.
Support Levels: $2,016.60 $1,998.65 $1,987.20
Resistance Levels: $2,040.30 $2,052.30 $2,065.45
Gold's Consolidation Continues with Limited MomentumThe daily XAU/USD chart shows a slight uptick as it finds buyers around the 20-day Simple Moving Average (SMA) for the second consecutive day, indicating a lack of clear directional strength. The convergence of SMA 100 and 200 around $1,950 without a distinct slope suggests a stagnant market. Technical indicators remain neutral, with the RSI moving sideways and Momentum showing a slight downward trend. Overall, the potential for a price decline seems constrained as long as the precious metal holds its ground near $2,030.
In the short term, the 4-hour chart depicts a neutral stance. XAU/USD trades below the declining SMA 20 but above the sideways-moving SMA 100. Technical indicators remain in negative territory but display a slight upward turn, hinting at a potential advantage for buyers.
Support Levels: $2,031.00, $2,015.50, $1,998.65
Resistance Levels: $2,040.20, $2,052.30, $2,065.45
XAUUSD BULLSBuyers are currently in control of the market as the dollar and the yieds drop.this has pushed the safe haven demand as we've seen that the gold market keeps climbing.
This is my perspective on the market I will be looking for buys Strictly unless price could break below my support (marked red)
Trust your own analysis.make a plan and trade your plan..this is mine 📌
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD 10.12.23 SELL & BUY PROJECTIONReason For Bearish
1.Bearish Engulfing Formed
2.Breaked 2012 and waiting for retest 2012
3. Approaching Next Support @ 1980
Reason For Bullish
1.Obey Strong Support @ 1980
2. Obey Golden Ratio 0.631 Fibonacci retracement
Overall Possible Outcomes
XAUUSD SELL@ 2010-15
SL 2022
TP1 1980
XAUUSD BUY @ 1980
SL 1960
TP1 2000
TP 2 2020
XAUUSD: Gold Analysis Today
Gold can be described as two days of ice and fire, the weekend Powell speech is still lingering, gold directly hit a record on Monday, as high as 2144.
Due to Powell's dovish speech in the early hours of Saturday morning, the market has become more certain about the expectation of the peak of the US Reserve rate hike, and has deepened the expectation of interest rate cuts beginning next year. So buy the expected to sell the fact, gold yesterday morning opened directly showed, but yesterday morning rose, then directly opened the negative fall situation, the lowest hit 20201 line, a one-day drop of up to 124 dollars, all the support below basically did not play a role, directly below the trend line support. This time, the multi-idling exchange is very urgent, the daily line directly large Yin close long lead, the price back to the short-term average support, meaning that the gold stage bottoming signal appeared, yesterday's surge fell first out of the market, today's volatility may not be too large, first look at the bearish adjustment.
This morning took the rebound correction, above the focus on 2050 to 20531 line pressure to look bearish, look at the 2020 low point break, below the support in 2011 to 2013 line, touch can be considered more.
XAUUSD 03.12.23 SELL PROJECTIONReason Behind XAUUSD Sell Projection
1. Obey Strong Resistace @ 2071-80 & No other Technical Reason For Fall
2. Fundamentally Dxy make the retest the Weekly High @ 105
3. In DXY we founded the Bulllish Spinning Top which Makes the XAUUSD further Sell
Overall Possible Outcomes
XAUUSD SELL @ 2071-80
SL 2095-2100
TP 1 @ 2040
TP 2 @ 2010