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Xauusdidea

XAUUSD:Longs closed in the 2488-2496 range Gold started to rebound after touching the support near 2482-2473. It is still in the rebound stage. From the graph, the resistance of the rebound should appear near 2488-2496. At that time, we need to pay attention to the breakthrough of the resistance. I think the probability of a direct breakthrough is not high, because when it falls below 2500, it has become a strong resistance again. If you want to return to above it, you need to accumulate strength. Therefore, in the process of long trading, the TP setting should not be too high, and it can be controlled in the range of 2488-2496. Making money is not something that can be achieved overnight. You can't have the mentality of getting rich at once. A step-by-step trading method will reduce risks, and steady trading can allow us to survive in this market longer.
OANDA:XAUUSDLong
by Mia-Signal
XAUUSD: Bullish Trend Faces Key Resistance; Short-Term Bearish Daily Chart Analysis: Ascending Channel: The price is moving within an ascending channel, indicating a bullish trend over a longer time frame. The upper trendline acts as resistance, and the lower trendline as support. Daily LQZ Levels: Several daily liquidity zones (LQZ) are marked: 2,532.560: Acting as a key resistance level. 2,470.480: Another support level, closer to the current price. 2,416.392: The lowest support level in this view. Price Action: The price recently tested the upper trendline and showed signs of pulling back. The price might test the lower levels, possibly towards 2,470.480 or even 2,416.392. 4-Hour Chart Analysis: Rising Wedge Formation: A rising wedge is forming, often considered a bearish pattern in this context. The price is near the upper boundary of this wedge and the key resistance at 2,501.939. Key Levels: 2,501.939: The current resistance level on the 4-hour chart, corresponding to the LQZ. 2,470.480: Support level aligning with the daily chart. Expectations: The rising wedge suggests a potential downside move, especially if the price fails to break above 2,501.939. A break below the wedge could see the price testing the lower LQZ levels. 1-Hour Chart Analysis: Descending Channel: The price action shows a descending channel within the broader bullish context. This indicates a short-term bearish correction within the larger uptrend. Key Resistance and Support: 2,501.939: The key resistance here also aligns with the 4-hour chart. 2,470.480: Support level, likely to be tested if the bearish momentum continues. Possible Move: If the price remains below 2,501.939, it could continue its descent within the channel, testing the 2,470.480 level. 15-Minute Chart Analysis: Tight Consolidation: The price is consolidating within a very tight range near the 2,498.410 level. The consolidation is within the context of a larger descending channel visible in higher time frames. Potential for Breakout: Given the proximity to key resistance and support levels, a breakout from this range could lead to a sharp move. A downside breakout might lead to a test of 2,470.480, while an upside breakout could challenge 2,501.939. Short-Term Strategy: Traders might look for a breakout of this consolidation area to position themselves for a quick move towards the aforementioned levels. 5-Minute Chart Analysis: Short-Term Setup: The 5-minute chart shows the price attempting to break out of a very tight descending wedge. A bounce off the lower trendline might provide a short-term buying opportunity, while a break below could signal further downside. Immediate Levels: 2,498.600: Immediate resistance; a break above this level might lead to a quick rally to 2,501.939. 2,470.480: Remains the key support to watch on any downside move. Summary: The overall trend on the daily chart remains bullish, but shorter time frames show potential bearish setups, suggesting caution is needed. Key levels to watch include 2,532.560 on the upside and 2,470.480 on the downside. In the short term, price action within the 2,498-2,501 range will be crucial to determine the next significant move. This analysis should provide a comprehensive overview of the XAU/USD pair across different time frames. Let me know if you need further insights or specific strategies based on these charts.
OANDA:XAUUSD
by MommaPreneur
XAUUSD 23/8 has the uptrend started? Looking at H1 we see - Yesterday we saw a sharp decline after the PMI news, the price reached our BUY Entry, up to now we have a 190 pips victory, congratulations to all of us. - Now looking at the uptrend we see a 3-wave structure, on the other hand we see that yesterday's downtrend has the characteristic of sharp and fast movement, so we expect wave 3 to have formed and currently the price is correcting wave 4. - With the target of wave 4 I measured, wave 4 has reached the price target and now we are waiting for wave 5 to complete. - Wave 5 is confirmed when the price breaks through 2470.7 and the target is measured at the price zone of 2460 - 2457 - Because the price zone of 2470 is also the target price zone of wave 5 that we measured from the previous day's plan, we cannot rule out the possibility that the downtrend structure has been completed and it is confirmed if the price does not break through the 2470 zone. Then the price will continue the uptrend. Our trading plan will aim to BUY when the price breaks through 2470 BUY ZONE: 24600 - 2457 SL: 2450 TP1: 2470 TP2: 2486 TP3: 2498 SELL ZONE: 2499 - 2502 SL: 2509 TP1: 2486 TP2: 2479 TP3: 2470 SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2501 TP3: 2486
OANDA:XAUUSDShort
by DEEKOP
GOLD H8 further gains as it crosses $2,500The upcoming Jackson Hole symposium, scheduled for August 22-24, is expected to be a significant event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the gathering will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting Fed Chair Jerome Powell’s remarks, which could provide crucial insights into the Federal Reserve’s policy direction. Bank of America (BofA) strategists suggest that Powell may offer a clear assessment of the current economic situation, signaling that the Fed is “very close” to beginning an easing cycle. This would indicate confidence in controlling inflation, with a growing emphasis on maintaining a strong labor market. Powell may highlight the need to avoid “unexpected weakness” in employment, suggesting that job preservation could become a priority in 2024. The market is largely expecting a 25-basis-point rate cut in September, but strategists caution that more hawkish language from Powell could flatten the U.S. Treasury yield curve. Historically, rate volatility decreases following Jackson Hole as policy uncertainty eases. Recent inflation data, including the July Producer Price Index (PPI) and Consumer Price Index (CPI), showed signs of easing inflationary pressures. The CPI rose by 0.2% month-over-month and 2.9% year-over-year, supporting the potential for a rate cut. The market anticipates the Fed will begin easing rates in September if inflation continues to moderate. In addition to economic factors, escalating geopolitical tensions, particularly in the Middle East, have boosted demand for gold, a traditional safe haven. The ongoing conflict between Israel and Hamas, with potential Iranian involvement, has heightened fears of broader regional instability. The outlook for gold prices remains bullish in the short term, supported by a weakening U.S. dollar, expectations of an imminent rate cut, and ongoing geopolitical risks. Powell’s remarks at Jackson Hole will be pivotal, potentially influencing both gold prices and broader market sentiment.
FX:XAUUSDLong
by GOLDFXCC
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold is on fire! Central banks are scooping up gold at an unprecedented rate, fueling a massive bull run. In this video, we dive into the XAUUSD market, examining the fundamentals driving this surge, including: 🪙 Central bank demand: Learn why central banks are hoarding gold and how this impacts the market. 📉 Interest rate cuts: The Fed is hinting at rate cuts, and this is a major catalyst for gold. 🌎 Geopolitical tensions: Rising global instability is also bolstering demand for safe-haven assets like gold. We break down the impact of these fundamental factors on gold prices and analyze the price action on the XAU/USD chart to uncover potential trading opportunities for the upcoming week. XAUUSD Technical Overview: This week, we're focusing on the $2,475 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #XAUUSD #Gold #Trading #TechnicalAnalysis #MarketAnalysis #GoldPrice #CentralBanks #Fed #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by darcsherry
3
XAUUSD: 2500 points determine the next directionI have some personal matters today, so I don't have time to update you with detailed trading strategies. I will just briefly talk about it. At present, there is a risk of a correction in gold. If it cannot continue to break the previous high, I will not continue to be bullish. 2500 is a key point. If it breaks, it may adjust downward by 30-50$, so you need to pay special attention. The above paragraph is what I said in the channel. Now it seems that my guess has been confirmed. Gold does have the risk of falling. The lowest point of this decline is 2493, but it is not an effective break. Now the price is hovering around 2500 points, and there is indeed support near 2500 points. Now let's see the break near this support. If there is no break, then we will continue to look at the previous high, and if it breaks down, we will be bearish. Whether 2500 points can support or break is difficult to predict now, so I will give you a trading plan for your reference If 2500 points support, we will buy, and the target is near the historical high of 2531 If 2500 points break down, we will sell, and currently it is near the previous high of 2480
OANDA:XAUUSD
by AntonyTP
XAUUSD Gold Technical Analysis and Trade Idea 👀👉 Our focus is on the XAUUSD, which has exhibited strong bullish momentum on both the daily and 4-hour charts. However, with prices currently encountering a resistance level, we expect a potential retracement towards the Fibonacci 50% to 61.8% levels.
 This analysis incorporates essential aspects of technical analysis, including trend identification, price action, and market structure. We'll also detail a potential trade setup and discuss strategies that could enhance the probability of success.
 Please keep in mind that this analysis is intended for educational purposes only and should not be taken as financial advice. The observations provided are speculative and do not guarantee future market outcomes. We highly recommend verifying current price actions before making any trading decisions.
 This presentation offers a comprehensive review of the prevailing trend, market structure, and price dynamics. However, it’s crucial to recognize that while the information is educational, it does not assure trading success. Trading in the foreign exchange market involves significant risks, and we strongly emphasize the importance of applying sound risk management techniques in all your trading endeavors.
 We encourage you to perform extensive research and carefully consider all factors before making any trading decisions. Stay informed, be cautious, and approach the markets with a well-crafted strategy. 📊✅
FOREXCOM:XAUUSD
by tradingwithanthony
4
XAUUSD 8/21/2024 has the price peaked? Looking at H1, we see that yesterday the Gold price peaked at 2532, which is a new ATH, then the price dropped sharply to the 2501 area, so it is very likely that the price has completed the 5-wave structure 1 2 3 4 5 and now the price is entering the 3-wave ABC correction structure. - The sharp drop to the 2501 area means that wave A is likely to have completed and so the price is in wave B - Our expectation is that the end zones of wave B are at 2521 - 2524. And the end target of wave C is at the price zones 2487 - 2484 and the price zone 2476 - 2473. These are our trading target price zones. Trading Plan SELL ZONE: 2521 - 2524 SL: 2531 TP1: 2509 TP2: 2499 TP3: 2487 SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2509 TP3: 2499 BUY ZONE: 2487 - 2484 SL: 2477 TP1: 2499 TP2: 2509 TP3: 2519 BUY ZONE: 2476 - 2473 SL: 2466 TP1: 2484 TP2: 2499 TP3: 2509
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 19/8/2024 price has created ATH?Last weekend we had a strong increase on Friday that broke the old peak to create a new ATH. This increase has caused the RSI indicator to enter the overbought zone. In my experience, when the price moves quickly and sharply while looking at the RSI entering the oversold zone, this is a sign of wave 3. - Currently we see the price falling to the 2500 zone, so we expect an ABC downtrend structure of wave 4. - I measured the wave 4 target at the 2485 - 2483 zone, after reaching the wave 4 target, we expect a wave 5 increase to complete the 5-wave uptrend structure. - I measured the wave 5 target at 2517 - 2520 and 2531- 2534 zones, these are the 2 target zones I expect to SELL down. Trading Plan BUY ZONE: 2467 - 2463 SL: 2457 TP1: 2493 TP2: 2500 TP3: 2517 BUY ZONE: 2485 - 2482 SL: 2475 TP1: 2500 TP2: 2509 TP3: 2517 SELL ZONE: 2517 2520 SL: 2527 TP1: 2506 TP2: 2500 TP3: 2484 SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2500 TP3: 2484
OANDA:XAUUSDShort
by DEEKOP
XAU/USD Gold Mines Robbery PlanMy Dear Robbers & Traders, This is our master plan to Heist XAU/USD Gold Mines Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Plan A & Plan B for Long and Short entry. Our target is Red Zone for Bullish Entry Traders / Rob and Green Zone for Bearish Entry Traders / Rob that the zone is High risk Dangerous level, market is Trap / Consolidation / Trend Reversal at the level Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers / Traders and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low for Bullish Setup and Swing High for Bearish Setup. Stop Loss : Recent Swing Low for Bullish Robbers/Traders & Recent Swing High for Bearish Robbers/Traders using 2h timeframe. Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
FXOPEN:XAUUSD
by Thief_Trader
Gold Teeters on the Edge: Major Reversal or Breakout?The charts provided for XAU/USD (Gold Spot) on various time frames present a comprehensive analysis scenario where several key patterns and zones align across different time frames. Analysis Breakdown: 1. **Daily Time Frame (1st Chart):** - Rising Wedge Pattern: This is typically a bearish reversal pattern, especially when it forms after a significant uptrend. The price is nearing the upper boundary of this wedge. - Daily Liquidity Zone (LQZ) at ~2,484, The price is within a critical liquidity zone. This zone often acts as a magnet for price action, where significant buying or selling can occur. A reaction here could signal a reversal, particularly since it aligns with the top of the wedge. 2. 4-Hour Time Frame (2nd Chart): - Continuation of the Rising Wedge: The 4-hour chart mirrors the daily chart, emphasizing the wedge pattern's significance. The price is testing the upper boundary of this wedge, which could result in a breakout or a reversal. - Confluence at LQZ: The price is closely interacting with the daily LQZ, reinforcing its importance. Multiple touches near this area might suggest either absorption of liquidity before a breakout or a potential exhaustion leading to a pullback. 3. 1-Hour Time Frame (3rd Chart): - Bearish Flag Structures: Two bearish flags are visible, which are typically continuation patterns indicating the possibility of a downward move. These have occurred within the broader rising wedge. - Approach to Key Resistance: The price is at a critical juncture where the rising wedge's upper boundary coincides with a strong resistance level. 4. 15-Minute Time Frame (4th Chart): - Breakout and Retest Scenario: On the lowest time frame, a breakout from the bearish flag is evident, with the price retesting the structure's top. This may indicate either a continuation to the upside or a failure and reversal, depending on how it interacts with the liquidity zone above. Potential Trading Scenarios: - Reversal Scenario: Given the rising wedge pattern and its bearish implications, combined with the proximity to a significant liquidity zone, there's a strong potential for a reversal. Watch for a clear bearish signal on the 4-hour or daily chart, such as a bearish engulfing candle, which could confirm the reversal. A break below the wedge's lower boundary would be a stronger confirmation. - Breakout Scenario: If the price breaks above the wedge's upper boundary and holds, especially on the daily chart, it could signal a continuation of the uptrend. However, be cautious of potential false breakouts, especially around such strong resistance and liquidity zones. - Entry Considerations: If considering a short entry, look for a rejection from the LQZ on the 4-hour or 1-hour chart, ideally supported by bearish confirmation patterns (e.g., engulfing candles, pin bars). A reduced-risk entry could be taken on a lower time frame after the breakout and retest of the wedge or flag structure.
OANDA:XAUUSD
by Adlercon333
4
XAU/USD 19-23 August 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all time highs with no indication of bearish pullback phase initiation. The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line. I have previously mentioned that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed. CHoCH positioning has been brought close to current price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS. After bullish iBOS we expect bearish pullback. First indication, but not confirmation of bearish pullback phase initiation is for price to print a bearish CHoCH. Bearish CHoCH positioning, which is denoted with a blue dotted line, and 50% internal EQ are almost identical. We currently do not have any indication of price pulling back. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Bearish CHoCH positioning is denoted with a blue dotted line. H4 demand zone is positioned the same as bearish CHoCH positioning. Intraday expectation: On a candle-to-candle view since iBOS, price is printing higher highs, therefore, wait until price indicates pullback. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
#XAUUSD Medium-term GOLD trends, new peaks, opportunities, risksGold analysis 19/08-23/08/2024: Last week, gold broke through the previous peak at 2484 and closed the candle at 2508. The likelihood of gold creating a new peak around 251x is very high. After forming the peak, gold will likely experience a significant correction. The price has a high chance of returning to the 242x area, which serves as a momentum-building phase to continue the uptrend. The main trading direction for this week will be BUY. Key price areas to watch: 2510 - 2520, 2477 - 2481, 2498 - 2505, 2424 - 2435. Recommended orders: Plan 1: SELL XAUUSD zone 2515 - 2518 SL 2521 TP 2507 - 2500 - 2490 - 2480. Plan 2: BUY XAUUSD zone 2477-2480 SL 2474 TP 2485 - 2495 - 2505. Plan 3: BUY XAUUSD zone 2424 - 2427 SL 2421 TP 2432 - 2450 - 2480 - 2567.
OANDA:XAUUSD
by oakpotshy
2
XAUUSD GOLD Technical Analysis and Trade Idea👀👉 In this video, we dive into the XAUUSD pair, which has recently shown bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am watching to see if the price holds below the current range low. If we get a breakout, I plan to enter a sell position, as explained in the video. If the price action doesn't set up as discussed, there’s no trade. However, it's important to understand that these insights are speculative and not guaranteed forecasts. It's crucial to confirm specific price actions before making any trades, as highlighted in the video. The analysis provides a detailed look at the current trend, market structure, and price behavior. Remember, this content is for educational purposes and doesn't guarantee success. Trading carries significant risks, so always use strong risk management strategies. 📈✅
FOREXCOM:XAUUSD
by tradingwithanthony
1
Gold Small Correction To 2430Ok Guys Here Is My Today Mapping Just As The Price Action.If Breck The First Setup I Need To re Adjust The Mapping. As On The Price Action Gold Couldn't Stable On The Trendline After the Breakout. So I's Expecting Gold Will Touch 2430 Or More 2417 For Grab Liquidity. Fundamentals Are Strong For The Gold. But Major Players Don't Play Like that. They need The Fuel To Pump. So Let's See What Will Happen Today On Gold. I'm Monitoring 🔰 2454 - 2457 As Sell Zone 🔰 2441 - 2438 As A Scalp Buy Zone 🔰 2448 - 2451 As A Sell Zone ‼️ This Is My Personal Idea Don't Follow It Blindly ‼️
FX:XAUUSDShort
by Mr_Scalper_117
XAUUSD 16/8/2024 Has the Uptrend Started? Yesterday after the PPI news, we saw a strong shakeout and the price came close to the 2nd BUY target zone that I had given and then bounced strongly. But I did not expect such a strong downtrend, so the price zone of 2445 - 2442 did not set a BUY order. Today I expect a correction wave to the 2447 - 2444 zone to complete wave 2 in red and then continue the uptrend according to wave 3. During the price increase according to wave 3, we pay attention to large supply zones such as the 2476 zone, the 2484 zone and the 2500 zone, these are the zones I choose as targets to SELL down Trading plan BUY ZONE: 2447 - 2444 SL: 2437 TP1: 2458 TP2: 2468 TP3: 2476 SELL ZONE: 2484 - 2487 SL: 2494 TP1: 2476 TP2: 2468 TP3: 2458 SELL ZONE: 2497 - 2500 SL: 2507 TP1: 2484 TP2: 2476 TP3: 2468
OANDA:XAUUSDLong
by DEEKOP