GOLD (XAUUSD): Important Key Levels to Watch This Week 🥇
Here is my latest structure analysis and important key levels to
watch on Gold.
Resistance 1: 2350 - 2357 area
Resistance 2: 2390 - 2405 area
Support 1: 2300 - 2305 area
Support 2: 2250 - 2280 area
Support 3: 2194 - 2222 area
Support 4: 2145 - 2155 area
Consider these structures for pullback/breakout trading.
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Xauusdsignals
XAUUSD: Perfect sniper ups and downs turning points
The multi-order near 2305 given yesterday has all left the market, we can wait for the correction to continue to do long, aggressive traders can also sell and buy first, provided that the SL is set up.
Today is the first day of this week's trading, our team is also successfully sniped to the turning point of ups and downs, opening positions began to make profits, is a very good start, I believe that this week will get very large profits, need to keep up friends can join me!
XAUUSD Bullish extension expected. Unless this level breaks.Gold (XAUUSD) has been trading within a very aggressive (blue) Channel Up, which today hit the top of the logarithmic (dotted) 6-month Channel Up. If it is indeed symmetric with the first Bullish Leg of that Channel Up, then it is close to completing a +10.60% rise which should call for a 4H MA50 (blue trend-line) pull-back.
As a result we expect a quick fall to 2305 and then sharp rebound targeting 2500, for a new Higher High on the (blue) Channel Up. If however the price closes below the 4H MA100 (green trend-line), which has been supporting since February 23 2024, and Support 1 (2270), we will sell for the medium-term and target 2150 (Support 2), near the bottom of the (dotted) 6-month Channel Up, which will be a very comfortable buy entry for the long-term.
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GOLD (XAUUSD): The Next 2 Resistances 🥇
I have identified 2 potentially important horizontal resistances for Gold,
applying harmonic movements analysis on a daily.
Resistance 1 will be 2350 - 2370 area.
Resistance 2 will be 2390 - 2410 area.
Watch carefully these those,
because we may see pullbacks from there.
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XAUUSD GOLD Technical Analysis and Trade IdeaThis video explores a potential trading opportunity in XAUUSD GOLD. Our analysis involves assessing the current trend, analysing price movements, evaluating market dynamics, and identifying a potential entry point under favourable conditions, as discussed in the video. It is essential to integrate effective risk management principles into your trading strategy. As always, it is important to underscore that this content is provided solely for educational purposes and should not be interpreted as financial advice.
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold prices surged to a record high last week, marking their most impressive monthly performance in over three years. This remarkable rally was primarily fueled by mounting expectations of U.S. interest rate cuts and robust safe-haven demand.
Furthermore, escalating geopolitical tensions on a global scale may drive investors towards gold as a preferred neutral reserve asset. While the potential for gold to extend its gains exists, particularly if market sentiments shift towards anticipating a more aggressive Fed-cutting cycle, caution is warranted as signs of buying fatigue are beginning to surface in the short term.
Moreover, concerns are arising regarding inflation running higher than desired by policymakers, underscoring the need for vigilance. Market participants eagerly await insights from the upcoming speech by the Fed's Chair, as it could offer valuable clues regarding the future path of interest rate decisions.
This video will outline our strategic preparations for the upcoming week, considering these critical factors shaping the gold market landscape.
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 behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,190 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, the appearance of a reversal pattern or a breach below the $2,190 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
#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.
Already earned 10K, target to earn another 10K todayToday’s gold trading situation is as follows:
1.Xauusd: @2292-2294 Sell, TP:2292, Profit: +$564
2.Xauusd: @2295-2300 Sell, TP:2291 Profit: +$ 9318
Today is the fourth consecutive day of profit in this week's trading. The profit so far today is $9882, which is an increase in profit compared to yesterday's profit. I think it is very meaningful to be able to make a little progress every day.
If you read my last article, you should know that I still hold a long position in gold in the 2285-2287 area. In fact, according to the current gold trend, if gold has tested the support near 2285 many times and confirmed that the support is effective, then gold will rise again to 2300 points or even higher. At present, gold buying support is strong. In the absence of major bad news, gold will not easily change its trend for the time being. Then gold will maintain a complete long pattern, so this is why I can always hold a long position in gold. If gold tests the 2285 area support again during its decline, it will still be an opportunity to go long gold.
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
GOLD (XAUUSD): Signals Of Slowing Momentum?! 🥇
Many of you asked me to share the updated analysis for Gold.
Analyzing a 4H time frame, we can see some signs of a slowing bullish momentum:
after a strong bullish impulse that the price formed last week,
we see a contracting price action within a rising wedge pattern.
The price managed to reach 2300 - an important psychological level.
After its test, the market found equilibrium and formed a doji candle.
Today we see a some pullback.
Weakening US Jobs data release may have a bearish effect of the market.
I believe that a bearish violation of a support of the wedge can be a confirmation
of an initiation of a correctional movement.
I do not recommend selling though because it is obviously too risky from a current perspective.
Not only that, but I would rather look for a pullback to then buy the market from a safe level.
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XAUUSD New Bull Cycle mapped! Approaching first Resistance Zone?Gold (XAUUSD) has technically started its new Bull Cycle after breaking above the Resistance and previous All Time High (ATH) into green overbought territory. Being overbought in such instances isn't necessarily bearish but suggests that even though the long-term trend is now heavily bullish (and should be for the next year or so), we should look for key Resistances to offer relief pull-backs.
As you can see on this 1W chart, there are strong similarities of the current Cycle (both Bear and Bull) with the previous one (June 2016 - August 2020). The Bear Cycle's come in the form of Cup patterns, while the Bull Cycles start on Channel Up patterns at the bottom of the Bear ones. During the previous Bull Cycle, the 1W MA50 (blue trend-line) has supported all the way from its bullish break-out (December 24 2018) until deep into the next Bear (February 01 2021).
Right now the 1W MA50 has been supporting since October 09 2023, which is shortly after the dashed Channel Up started. That is an important pattern as it currently has a maximum upside to 2350 for a Higher High. The dotted Channel Up on the contrary, which was initiated at the bottom of the Bear Cycle has already touched its Higher High.
This means that Gold's new Bull Cycle is facing its first significant Resistance Zone of the current run: 2300 - 2350. Relative to the previous Bull Cycle, Gold had it's first Resistance rejection on August 26 2019, making a Higher High and started to pull-back for almost 100 days (3 months). As the current bullish trend is significantly stronger than the 2019 one, the dashed Channel Up being narrower, I doubt that Gold will correct for that long, but on the next red 1W candle, we have to consider the possibility for a short-term correction.
The August 2019 one pulled as low as the previous High before the rejection (bold black line). This suggests that 2220 - 2200 is Gold's floor at the moment and shouldn't be broken. Back to its overbought status, the 1W RSI gives a clear indication of that. Once it starts reversing inside an Arc pattern, we will confirm the correction we're discussing now. And after it forms systematically Lower Highs on quarterly intervals, we can expect by the 3rd Lower High to be close to the Top of the Bull Cycle.
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🥇Gold Analysis🥇===>>🟡PRZ🟡🏃♂️ Gold is moving near the Support line .
🌊According to Elliott's wave theory , Gold is completing microwave 4 of the main wave 5 .
🔔I expect Gold to rise to at least 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold price dropsFrom the current market situation, gold peaked around 2275 before encountering resistance and retracement, with the current low point being around 2229. For now, it appears that the bullish momentum has somewhat eased after a strong breakthrough. Additionally, with the continued strength of the US dollar, a return to a bearish sentiment is quite normal. Gold remains theoretically capable of further testing the 2220 area. Gold's 4-hour chart shows signs of a bearish engulfing pattern forming as it retraces from highs, with a bearish bias two bars are emerging. If gold continues to decline, you should not buy at the current high level. During the decline, it is worth paying attention to the support zone around 2239 before making any decisions. If this level is breached, it could indicate that gold has peaked and any recovery could face further downside pressure. As for how low it could go, it's difficult to say, but it could be significant.
Gold Tuesday Trading Strategy
#XAUUSD 2024.4.2
📉Market Direction
Today, the opening price of the gold gate is above the pivot but below the POC. I like the direction of the POC better so my opinion is BEARISH. We have 2 untested virgin POC at 2214 and 2193 so I expect the price will come back here to test before returning to the main trend which is up.
📉Zone Analysis
- 2261: zone m15
- 2272: is resistance according to pivot
- 2283: is resistance according to pivot
So today we will look at SELL:
Entry Sell: 2261 - 2272 - 2283
Target: 2231 - 2214 - 2193
XAUUSD target hit. Now expect a 2100 reversal.Gold (XAUUSD) hit this morning our long-term 2260 Target, which we called for on our March 2021 (see chart below) idea:
That not only made a Higher High formation at the top of the 5-month Channel Up that started on the November 03 2023 Low but also hit the symmetrical 1.382 Fibonacci extension as the last Higher High on May 04 2023.
This has indeed been a long rise for Gold, which is now looking ahead of an equally lengthy correction, assuming the Channel Up and its top stay intact. If they do, we expect a 6-8 week pull-back below the 1D MA50 (blue trend-line) and towards the 0.618 Fibonacci extension from Gold's last Low.
That gives us a 2100 Target, which could make contact with the 1D MA200 (orange trend-line) for the first time since November 13 2023.
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GOLD (XAUUSD): The Next Potential Resistance 🏆
This week, Gold set a new All Time High again.
Executing a Fibonacci analysis, I found the next potential resistance.
Next week, pay attention to 2250 - 2255 area.
It is an important confluence zone and the market may at least retrace from that.
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Gold continues to be long and profitable, next week?Looking at the daily chart, after gold bottomed out at 2163, the price continued to rise. It broke through and rose sharply on Friday, with an increase of 50 US dollars on the day. The daily chart also closed with a real giant sun. This form also laid the foundation for the bull market in the first half of the year. , the market outlook continues to be optimistic about the performance of bulls. On 4 hours, after gold broke through the pressure of 2200, it closed 5 real big positive lines in a row, and drove the upper track to open upward. Each moving average system diverges upward, and bulls are extremely strong.
How will gold trend next week?
From a technical point of view, the bottom of the gold price continues to rise, the moving average is running in the same bullish arrangement, and the first support level of the moving average is at the 2202 line and the 2200 line platform support is close, the support is obvious
In the future market layout, the gold price once again fell back to the multi-position layout of multiple positions, and as long as it does not fall below the 2200 line, the fallback is an opportunity to go long. I will prompt you with specific operating strategies during the trading session next week, so pay attention in time.
27/3. Will gold prices drop significantly? No, it will continue
26/3. The trend of gold is very science fiction. Like a roller coaster. When it went up, it killed the short sellers. When it fell, it killed the bulls. Dual phase harvester. But I made some profits in both directions yesterday. Friends who are paying attention know it. Yesterday, the gold market once again shot up to 2200 points and then fell back quickly. The reason is a boost in risk aversion. USD pullback. and ECB talk. It gave gold a big boost. However, gold did not stabilize when it rose to 2200, but fell back quickly. It closed near 2177.
There is no particularly big trend at the beginning of today's Asian game. Maintained within a narrow range around 2177. Observed at the daily level, the market is still consolidating at a high level. Observing the hourly line, gold bulls are eager to try. Want to continue to rise. I am more optimistic about the continued rise of gold. News: The Gaza ceasefire agreement is like a bomb, which may explode at any time and increase risk aversion. This keeps the lower support at 2165-2171. Personally, I prefer to buy during day trading.
XUAUSD:2172-2174 BUY
TP:2186
SL:2163
Remember to close the order in time to make profits when operating.
XAUUSD Bullish unless this trend-line breaks.Gold (XAUUSD) is on a short-term uptrend on the 1H time-frame as it is supported by a Higher Lows trend-line since Friday's bottom. As long as this trend-line holds, we are bullish, targeting 2220 (marginally below Resistance 1).
If the price breaks and closes a 1H candle below the Higher Lows trend-line, we will see and target 2150 (marginally above Support 1).
We follow this break-out approach as it was exactly what Gold did on March 20, after it broke above the Lower Highs trend-line and turned aggressively bullish.
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The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY
Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action.
At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage.
Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Gold prices maintain range trading, a narrow range of 2172-2180Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high
Gold remains bullish above 2150Last week, after establishing a solid foundation in the 2150 zone, OANDA:XAUUSD experienced a rapid ascent, reaching a new all-time high at 2222.
However, profit-taking ensued, causing the price to retreat below 2200. Despite a 700-pip drop, the overall structure remains bullish above 2150.
Consequently, my strategy entails buying dips in anticipation of a retest of the 2200 figure.
How much profit can be made from 300k gold trading in one year?Can anyone tell me the actual situation?
I heard from friends that many people on TV don’t know how to trade. Let me take a look. Is this consistent with what my friend said?
I'm Jack. Join tradingview today. I just started posting my opinions. I don’t know what kind of sharing you like to see. You can leave a comment.
Is it technical, fundamental, market sentiment, or real-time trading?
Under the influence of news. Trend trading can be done following leading news. That means buying when the market is rising. Sell when the market falls. This requires some trading sense.
There is no news impact. Then rely on intraday range trading. Refer to technical indicators. Or market sentiment. This is relatively simple.
I believe many traders are experienced. So when I came here. We can talk more and learn from each other.
Of course, I still have good content to share with you.
Gold trading opportunities tomorrow. After opening higher. It will continue to reach a position near 2072-2080. If the position is not reached there is no stabilization. Gold can be sold. So this week will basically focus on selling. If it continues to rise. Then the short-term pullback should still be based on buying. This is what needs to be focused on tomorrow. Remember
London time: 3:16 pm. I'm Jack! See you next time.
GOLD (XAUUSD): Sticking to The Plan! 🏆
The structure support that we spotted earlier on Gold
remains respected and we saw a strong bullish movement from that this week.
Feels like this bullish spike is just a manipulation.
Next week, we will most likely see a test of an underlined blue support one more time.
As I previously said, its bearish breakout will be an important event
that will signify the initiation of a correction movement.
Daily candle close below that will confirm a violation.
A bearish continuation will be anticipated to 2090 support then.
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