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Xauusdlong

This Rising Wedge can lead the gold price to 2275(08/20/2024)GOLD is moving upward unstoppable. just a glimpse on the chart shows the price is going higher and higher. by looking at the gold chart we can easily identify the Rising wedge pattern. So are we going to sell gold? no. not right now, we need confirmation. For now, we will stay out and watch. Our technical view has been shown in the chart. If you like it then Support us by liking, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
OANDA:XAUUSDShort
by fortunamarkets
XAU/USD Gold has potential (Updated)Hi everyone, this post is written to improve and update my previous idea on Gold. You can check my previous idea... but this post will cover it all anyways. To skip the long read, I've summarized the idea at the end. I'll start with a broad overview to keep things clear... And as time passes, and gold plays out, I will update the post to include more solid ideas. This time, I've zoomed out the older snapshot from the other post since gold is trying to break out of this 10-year trend. In my understanding, recently politics are getting heated, more and more people are turning their capital into Gold. And given that it is already at an all-time high, it is possible that this trend can be broken. With that said, this post will solely investigate the technical analysis aspect of Gold. I'm writing this idea to predict whether the ongoing bullish behavior will continue or not, rather than to find an entry point. In my previous analysis, this was the general trend over the long term (almost 10-year trend). It showed resistance as I expected (2450). Of course, it is such a strong trend and sell pressure was expected. 1st time it got rejected at 2450 but after 1 months of recession, recently Gold fired back up to 2500 for the 2nd time. And as of right now, it is trying to break out of this 10-year trend. If it does continue going up, 2700$ is where I am expecting to see some actual resistance. To confirm this as a breakout I have looked at the possible uptrend driving the price which I've approximately shown as the pink trend, within the 10-year trend. Inside the pink trend, the trend shown with white is the bullish trend that started in 2023 and is going on since. This trend does also indicate that with the current momentum, reaching 2700$ is possible. But we have to keep track of the price as Gold may face some resistance between 2545-2575$ as stated on the next image. This is the YTD view. Within the white steep uptrend, I believe Gold is currently rising within the channel shown. Pink line shows approximately the upper boundary of the bigger trend from the previous view. Recently Gold gained pace and even broke out of this pink resistance zone, starting another uptrend after months of trying. We can't be certain of anything at the moment. For the time being, I won't go into more short-term analysis, because more information is needed and currently it has a clear upwards momentum. If we do indeed reach around ~2570 than a more detailed lower timeframe analysis can be helpful to see if it can continue moving up. I will update this post from time to time, as more information is necessary. Predictions, today, Aug 20, some resistance around 2530$ 2-3 day target 2545-2550$ overall target; if it does continue bullish 2700$, and in years target (~4000?) Just to keep in mind, If it fails to keep these levels and a reversal happens, It is possible that for months it can go back to 2200$ for a retest. Even though I think it is less likely, if a lot of sell pressure happens and the pink trend cannot be broken. More sell pressure will be added when Gold falls below 2400$ and eventually can end up following a trajectory like this. In either case Gold has huge potential on the long run, and I don't think it is wise to risk shorting Gold anytime soon. Please do your own research before taking any risks.
OANDA:XAUUSDLong
by Kivvwi
Gold's Explosive Breakout: Is $2,550 the Next Stop?Updated Technical Analysis: XAUUSD (Gold Spot) 1. Market Structure and Key Patterns Weekly Flag Pattern (Higher Time Frame) Formation: On the 4H chart, we observe a textbook weekly flag pattern where the price consolidated in a downward-sloping channel (flag) after a strong bullish move (flagpole). This consolidation usually represents a temporary pause in the overall bullish trend, with a potential breakout to the upside signaling a continuation. Breakout Confirmation: The price has broken out of this flag, aligning with the broader market's bullish sentiment. This is a key signal for continuation traders, suggesting that the previous consolidation phase is complete, and the market may be resuming its upward trend. Ascending Channel (Lower Time Frame) Channel Dynamics: On the 15M and 1H charts, the price has been moving within an ascending channel, which indicates a series of higher highs and higher lows—a sign of a bullish trend. This channel has been respected multiple times, indicating that the market participants are recognizing and trading off this structure. Channel Breakout: The breakout above the channel’s upper boundary is critical, as it suggests that the bullish momentum is accelerating. This breakout aligns with the breakout from the weekly flag, adding confluence to the bullish outlook. 2. Key Levels and Liquidity Zones (LQZ) Resistance Zone (Broken) Previous Resistance: The blue rectangle on the chart marks a significant resistance level where the price previously struggled to break above. After several attempts and consolidations near this zone, the recent breakout indicates that the sellers have been overwhelmed by buyers. Potential Retest Area: The broken resistance could now serve as a support level. A retest of this zone could provide a high-probability entry for traders looking to join the trend. This area is crucial for validating the strength of the breakout. Liquidity Zones (LQZ) LQZ at $2,485 and $2,477: These zones, identified on the 15M chart, are areas of high trading activity, often leading to significant price reactions when revisited. The price did not retrace deeply into these zones before the breakout, indicating strong bullish momentum. 3. Implications of the Breakout Momentum Shift: The breakout above the resistance zone at approximately $2,509-$2,510, followed by a rapid upward move to $2,520, indicates a shift in market sentiment. The rapidity of this move suggests a possible short squeeze or significant buying interest pushing the price higher. Potential Targets: Short-Term Targets: Immediate resistance can be anticipated near psychological levels like $2,525 and $2,530. These levels often act as short-term hurdles where some profit-taking might occur. Longer-Term Targets: Given the alignment with the weekly flag breakout, the price could aim for more distant targets around $2,550 or higher, depending on how momentum sustains. 4. Risk Management and Trade Execution Entry Strategy: Reduced Risk Entry: Awaiting a pullback to the broken resistance zone around $2,509-$2,510 for a long entry. This approach reduces the risk by confirming that the previous resistance has turned into support. Aggressive Entry: Traders could enter on any minor pullbacks within the ongoing momentum, with stops placed just below the breakout zone or recent swing lows. This is riskier but capitalizes on the strong momentum. Stop Loss Placement: Below Breakout Zone: Stops should be placed just below the $2,509 level to protect against a false breakout. Alternatively, more conservative stops could be placed below the previous swing low around $2,497-$2,500, depending on risk tolerance. Trailing Stops: As the price moves in your favor, consider trailing the stop loss below higher lows on lower time frames (15M or 1H) to lock in profits while allowing the trade to breathe. 5. Momentum and Volume Analysis Volume Confirmation: Look for volume spikes accompanying the breakout. Higher volume supports the legitimacy of the breakout, whereas a lack of volume could suggest a potential for a pullback. 6. Mass Psychology and Sentiment Sentiment Dynamics: The breakout could be driven by a shift in market sentiment, with traders and investors who were previously on the sidelines now entering the market. This FOMO (Fear of Missing Out) can fuel further buying. Contrarian Signals: While the breakout is bullish, be wary of excessive euphoria. A sudden surge in buying could be followed by a sharp pullback as early buyers take profits. Monitoring sentiment indicators and social media trends can offer additional insights into potential sentiment extremes. Conclusion The current technical setup for XAUUSD is strongly bullish, with the breakout confirming the potential for further upside. However, risk management remains crucial, particularly in ensuring that stop losses are placed appropriately and that any pullback is closely monitored for signs of support. The alignment of the weekly flag breakout with the shorter-term ascending channel breakout adds significant weight to the bullish case, making this a high-probability setup for continuation trades.
OANDA:XAUUSD
by Adlercon333
3
XAUUSD 2.502.70 -0.06 % WEEKLY MULTI TF ANALYSIHELLO TRADERS Hope everyone is doing great 📌 A look at GOLD from HTF - MULTI TIME-FRAME ANALYSIS GOLD WEEKLY TF * We closed the week with a new high on GOLD. * last week saw strong bullish momentum coming into play, looking for some cont. of this move. * The weekly & daily TF show signs of bullish continuation on Gold sentiments are the same o that regard. GOLD DAILY TF * The strong bullish candle puts me in doubt of a deep pull back. * But on the Daily we see a +FVG that could serve as IRL for optimal entries. * With PO3 the weekly could have already played a JUDAS SWING so chance of BULL rallying are high. 4H TF * On the 4H we are range bound we saw an agressive in & out of this range on the bearish side * Break above could see us in a rally of new high. * break below could mean we might see the 4h FVG mitigated. 1H TF * Breakout will give the perfect sentiment on GOLD. * CONTINUATION / RETRACEMENT 🤷‍♂️😉 * We will see what does the market dishes. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,BOOST & LETS TAKES SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT SOPPORT BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
OANDA:XAUUSDLong
by PULEMokhothu
4
Sleeping Giant Awakes: Gold's Path to $2,800If you haven`t bought Gold before the previous breakout: Now I am optimistic that GOLD is on the cusp of reaching a new all-time high, with a target of $2,800 by year's end, driven by a significant breakout. The bullish sentiment is clearly reflected in the options chain for major gold miners! Provided that gold maintains its position above the crucial support level of $2,428, the bullish trajectory remains intact. We foresee gold not only surpassing its historical high of $2,483 in the near future but also advancing to $2,800. After lying dormant for many years, this sleeping giant appears ready to awaken and exhibit remarkable growth.
COMEX:GC1!Long
by TopgOptions
1
XAUUSD: Confirm support at 2480 before deciding on tradingGenerally speaking, after a sharp rise, if there is no special news, it will repeatedly step back to the support to determine whether it is possible to continue to rise. On the other hand, the current price is at a historical high, and it is hard to say that it will not fall by about $100 like the last time it broke through the historical high, so our transactions must be treated with caution. If it continues to rise next, as mentioned above, it is necessary to determine where the support is. From the 1-hour chart, the support below is far away, and only 2480 is an important support level. This is the previous resistance area and near the previous high of last month. At the same time, this support was also verified when it was stepped back last Friday. In addition, from the Fibonacci retracement of this rise, 0.618 is also at 2480. After determining the support, we will know what to do next. Now the price is still at 2500. It is safe to wait for the support to be determined. If you are more aggressive, you can also make a small position Sell order before that. Once the support is determined, we can buy near 2480.
OANDA:XAUUSDLong
by AntonyTP
XAU/USD Longs from 2,460.000 back up?As price has made new ATHs and swept that liquidity, I now expect price to retrace and come back down, as it seems like the bullish pressure will gradually die down. Once this happens, it will likely cause a correction, bringing the price back down to the 19-hour demand zone. Once price enters the zone, I will wait for a Wyckoff accumulation on the lower time frame, which will allow for a precise entry. If price breaks past the zone and enters the daily demand, then I will expect a major buyback, as it's a valid zone sitting at a cheap price. Confluences for GOLD Buys are as follows: - Price has taken ATHs, indicating that it is very bullish on both the higher and lower time frames. - A lot of liquidity has been swept, so price will likely retrace to continue its order flow. - There is a strong demand zone that has caused a break of structure to the upside. - Imbalance above the 19-hour demand zone needs to be filled before mitigating demand. - This is a pro-trend trade idea, and with ongoing wars, I only expect gold to become more bullish. P.S. If price changes character to the downside and leaves a significant supply, I will then wait for a short-term sell to take it back down toward my original POI (19-hour demand zone).
OANDA:XAUUSDLong
by Hassan_fx
Make it easy to make money trading gold #xauusd Today is August 19, 2024. Monday. Last Friday, gold broke through a record high. I also circled the price for everyone before gold rose. It was perfect. Today, I still give you some trading prices for your reference: It will be profitable whether you sell or buy Sell: xauusd sell 1: 2418-2422 xauusd sell 2: 2429-2432 Buy: xauusd buy1: 2492-2396 xauusd buy2: 2477-2381 You can trade and profit according to these prices. Please don't be greedy. There are many trading opportunities. If you like my analysis and signals, or use the signals to make a profit. Please like me and join me
FX:XAUUSDLong
by MaudEvans
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