XAUUSD DAILY ANALYSIS SHORT TERM TARGETS
"We've observed a prolonged accumulation phase in gold before the recent rally, indicating a healthy price run. Gold has the potential to reach $2321 as per standard deviation. We may witness a retracement to 2123$ and it is a good spot for short term long also in the Fibonacci levels from 0.5 to 0.7, which would constitute a healthy retracement. If we aim to see another price rally to the first standard deviation, as I've outlined in the chart. Good luck to all traders."
Xauusdsignals
🎯 Be ready for Gold new record 2222 ✈️✈️✈️Gold price trend to continue buy during
Session
It is expected that price will continue
In the buy trend and can approach
The price range of 2177
Gold buy from 2177-2175
Target zone 2200
Note:
Always wish you to manage your
Capital safe
Take small lots which suits your capital
The winner is the who sticks with the market
Give us like and support
Worryingly, gold has had an excessive increasePersonal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer to.
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Gold follows the trend around the price range 2176>2180
Sl 2175
TP 2186>2195
Continue spreading Sell GOLD small vol from 2>4 prices on the 219x area.
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Many analysts consider that, despite the fact that gold has skilled a sturdy week of will increase and could in all likelihood keep to boom withinside the close to future.
However, investors are involved that if the United States purchaser charge index record for February posted on March 12 will increase, expectancies of hobby charge cuts with the aid of using the United States Federal Reserve (Fed) will keep. keep to prolong.
Some specialists are expecting that inflation can also additionally upward thrust quicker than predicted as a right away end result of the spike in electricity costs. Experts warn that gold traders have to be cautious, a moderate boom withinside the inflation index may even motive gold expenses to lower withinside the quick term.
President Kevin Grady of Phoenix Futures and Options predicts that the approaching record will create fundamental fluctuations withinside the gold marketplace. Data will assist traders recognize extra virtually approximately whilst the Fed will reduce hobby rates.
According to the CME FedWatch tool, the marketplace is forecasting a 97% hazard that the Fed will hold the modern-day hobby charge thru the stop of March and a 70.5% hazard in May. However, the opportunity of the primary hobby charge reduce continues to be high. in June is extraordinarily high, presently at 71.5%.
Gold charge forecast
Last week, 14 analysts participated in Kitco News`s gold survey. Of which 43% of analysts are expecting that gold expenses will boom withinside the close to future. Another 14% of specialists consider that gold expenses will lower, whilst the ultimate 43% are expecting that treasured metallic expenses will circulate sideways.
Meanwhile, 296 votes have been forged in Kitco's on line polls, with the bulk of Main Street traders predicting similarly profits in gold expenses. Specifically, 173 retail investors, equal to 58%, assume gold to boom withinside the close to future. Another sixty seven people, equal to 23%, anticipated that gold expenses could lower, whilst the ultimate fifty six people, equal to 19%, had the view that treasured metallic expenses could cross sideways.
GOLD (XAUUSD): When Will It STOP?! 🥇
Bullish rally on Gold in unstoppable.
Here are the next important resistance to watch for a potential market reversal.
Resistance 1: 2236 - 2267 area
Resistance 2: 2295 - 2315 area
Pay close attention to these structures next week.
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GOLD (XAUUSD): Bullish Confirmation Again 🥇
Gold broke and closed above the ATH level yesterday.
Retesting the broken structure today,
the price started to consolidate within a horizontal range on a 4H.
Bullish breakout of the resistance of the range is one more strong bullish confirmation.
We can expect a further growth now at least to 2185
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XAUUSD Is it starting the new cyclical Mega Rally?Gold (XAUUSD) broke the previous All Time High (ATH) yesterday as expectations over a June rate cut intensified. In order to determine our short-term strategies on Gold we often tend to look at the long-term time-frames for trend recognition.
This time we look at the 1W chart and in particular how Gold's previous Cycle compares to today. We could look at those from a 1M (monthly) standpoint but we are particularly interested in making a case of the 1W RSI as it plays a critical role here.
As you can see Gold's previous Cycle from 2013 - 2020 is so far highly similar and symmetrical with the recent Cycle of 2020 - 2024. The current ATH break is slightly diverging from the September 04 2017 High as Gold didn't make an ATH then but so did the December 04 2023 High, which was priced purely on fundamentals (geopolitical unrest).
You can clearly see the RSI's key role here as despite Gold's new ATH, the RSI has only entered its 4-year Resistance Zone. On those terms, it is no different than the September 04 2017 High. As a result, if we don't see a considerable extension of the current rally, for example a 1M candle closing above the Resistance Zone, it is more likely to see a correction back to the 1W MA50 (blue trend-line). If not and the rate cut expectations prevail, the Mega Rally Phase should start earlier on this Cycle. And as always it will be brutally bullish with the 1W MA50 in support.
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🥇Gold🥇Roadmap🗺️🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,174-$2,107) 🟡
🌊In terms of Elliott wave theory , it seems that Gold has completed wave 3 , and we should wait for a correction to the Fibonacci levels and the 🟢 Support zone($2,070-$2,054) 🟢.
🔔I expect Gold to rise again after the completion of wave 4 (at least to the Yearly Resistance(1) ).
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GOLD (XAUUSD): All Time High Soon?! 🥇
Gold successfully broke and closed above a key horizontal daily resistance yesterday.
Our next strong resistance is based on the All Time High.
I believe that the market will keep growing to 2140 level.
I really want to see a pullback first though, to buy the market on a retest
of a broken structure.
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GOLD (XAUUSD) Important Key Levels & Your Trading Plan 🥇
Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily.
The market closed on a key horizontal daily resistance.
Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation.
Wait for a confirmed breakout to buy.
Alternatively, we may see a pullback from the underlined structure.
I will monitor a price action on Monday and look for a confirmation to catch a pullback trade.
Let's see how it unfolds!
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Gold- Rise above 2060 zoneAfter a particularly frustrating week marked by the OANDA:XAUUSD price fluctuating within a tight range of around 100 pips, the price finally broke above the 2040 resistance level. At this juncture, bulls have taken control and are likely to maintain dominance as long as the price remains above yesterday's low.
The initial target for this upward movement is the 2060 zone, with a subsequent target at 2080.
Gold short at the fibs level with the descending trendline.?As per the previously shared idea gold exactly hit 2050 , Is it right time to short.?
As per the Fibs and descending trendline gold looks like on the resistance now but any news can spark it to 2065 too.
Resistance level : 2050 ,2057, 2065 ,2088
Support level : 2041 , 2033 ,2026, 2015
Disclaimer : Plan your trade accordingly before risking your account .
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GOLD (XAUUSD): Technical Outlook & Important Things to Watch 🥇
Gold remains very weak for 2 weeks.
Analysing a daily time frame, we can see that the market is consolidating and trading
within a very narrow range.
The last 4 daily candles are even trading within the range of a strong bullish candle.
That is a perfect example of inside bar formation.
Depending on the reaction of the price to the boundaries of that range,
I see 2 potential scenarios.
If the price breaks and closes below a 2015 level - the support of the range,
for us, it will be a strong bearish confirmation.
A bearish continuation will be expected at least to 1992 level then.
Alternatively, bullish breakout of 2044 will be a strong bullish signal,
that will push the prices at least to 2054.
Following my previous analysis, I remain bearish biased on Gold and bearish scenario
is more highly probable, but let's see.
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XAUUSD One more bearish leg left to 1930.Gold (XAUUSD) maintains its Channel Down status since last December and so far has established the 1W MA50 (blue trend-line) as the current Support having been nearly tested 2 weeks ago. The current analysis is on the 1W time-frame, which offers a highly reliable long-term outlook.
As you can see Gold has been on a highly symmetrical 4-year Channel Up pattern (since December 2019) with the recent top (week of December 04 2023) being the latest Higher High. Even though the natural technical target on such pattern is the bottom of the Channel (0.236 Fibonacci retracement level), it is more likely for the downtrend to stop on the 1D MA200 (orange trend-line), which is headed straight for the 0.786 horizontal Fib, which has also been a standard target within this pattern.
For us, since there is a Higher Lows trend-line coming straight from the October 31 2022 bottom involved, we will initially target that on the medium-term, on a 193 target and then see if we can short again upon a rebound if the downtrend remains intact.
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GOLD (XAUUSD): Support & Resistance Levels For Next Week 🥇
Here is my latest structure analysis for Gold.
Horizontal Structures:
Resistance 1: 2054 - 2065 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1984 - 1992 area
Support 2: 1965 - 1977 area
Support 3: 1932 - 1938 area
Vertical Structures:
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout trading next week.
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XAU/USD | GOLDSPOT | New perspective | follow-up detailsAt the close of last week's trading, Gold has shown resilience by surpassing the $2,000 mark. Recent US economic indicators hint at persistent inflation, despite signals of potential policy adjustments from the Federal Reserve. Notably, Producer Price Index (PPI) data exceeded expectations, underscoring the Fed's ongoing efforts to manage inflation. Additionally, a positive shift in Consumer Sentiment reflects American optimism towards economic conditions. Considering these factors, Gold's trajectory remains intertwined with US economic prospects. Potential upticks in inflation could drive up US Treasury bond yields, leading to anticipated XAU/USD downside movements. Conversely, if inflation aligns with the Fed's targets, the possibility of rate cuts may weaken the US Dollar, potentially supporting XAU/USD upside potentials. This video delves into dissecting the current market landscape to help navigate strategic positioning for upcoming market movements.
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 $1,985 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 $1,985 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.
Gold Is Ready to Fall Again!!!🏃♂️Gold is moving in the 🔴 Resistance zone($2,035_$2,027) 🔴 and reacted well to the Resistance line .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to fall to at least the 🟢 Support zone($2,010_$2,002) 🟢 after the Uptrend line break.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.