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Xauusdtechnicalanalysis

Keep making money by shorting goldYesterday, I remained firmly committed to shorting gold from start to finish, and as anticipated, gold retraced to my two target zones: 2930-2925 and 2920-2910. Today, gold has pulled back to around 2916, breaking Wednesday’s low, which has, to some extent, opened up downside potential and strengthened expectations for further downside acceleration toward the 2900-2880 region. Additionally, from a short-term technical perspective, a head and shoulders pattern has formed, further supporting the likelihood of a sharper decline. Therefore, in today’s trading, I continue to favor short positions in gold. As gold’s price action shifts lower, overhead resistance levels are also adjusting downward. This calls for a more conservative expectation of gold’s rebound potential. For short-term trading, we can consider scaling into short positions in the 2930-2940 zone. Bros, are you optimistic about the continued decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Be bold and short goldBrothers, did you short gold? As I mentioned in my previous article, I have already entered short positions in the 2930-2940 zone. Today, gold has broken below Wednesday’s low, which has to some extent opened further downside potential and strengthened the probability of continued decline. Moreover, under the pressure of the head and shoulders pattern, I believe gold is highly likely to retest the 2920-2910 support zone today. I have followed my trading plan and am currently in profit on my short positions. We can continue to hold and wait for further profit expansion. Did you follow me in shorting gold?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Short gold againAs I mentioned in my previous article, I anticipated that gold might pull back to the 2930-2925 region, or even extend to the 2910 region, during today or tomorrow's New York trading session. Clearly, gold has retraced as expected and hit my target zone of 2930-2925. Our short position around 2954 has once again yielded a very favorable profit, totaling 270 pips. Currently, gold has experienced a slight rebound, but it’s evident that the bullish momentum is weakening while bearish control is strengthening. After the accelerated short squeeze phase, 2955 may become the high for this stage. Moreover, as geopolitical risks decrease, the bullish momentum for gold further weakens, making it likely that gold could further dip and test the 2920-2910 support zone. Therefore, for current short-term trading, I believe it might be a good idea to consider shorting gold again in the 2935-2940 region.Bros, will you follow me and short gold again? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Sorry, I'm shorting gold againYesterday, gold retraced to a low near 2919, but it didn’t reach my expected target zone of 2915-2910, so I didn’t have the opportunity to go long on gold. Currently, gold has rebounded again and extended above 2950. To be honest, while gold maintains its strong bullish position, as long as it stays above 2930, I still don’t recommend chasing long positions. With gold currently trading near 2954, I am even less inclined to go long. On the contrary, the accelerated rally in gold has a short squeeze potential, so at this level, I am more inclined to short gold. From a cyclical perspective, gold has been prone to showing “Black Thursday” and “Black Friday” patterns recently, so there is a possibility that a reversal could occur today or tomorrow. Therefore, I still recommend continuing to try shorting gold in the short term. I tend to think that gold may pull back to the 2930-2925 area during the New York trading session today or tomorrow, and may even extend to the area around 2910.Bros, have you followed me to do more gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
What to do if you hold a short position?Dear Traders, Gold has continued its upward movement, supported by strong buying interest, pushing above 2930, with bullish momentum regaining control. However, at this stage, I do not believe it is wise to chase further long positions in gold. I am currently still holding short positions in gold, and despite its apparent strength, I am not concerned about my short positions. This is because gold is once again facing resistance at previous highs, and according to the trendline, the 2936-2940 region remains a key resistance zone. Therefore, it is likely that gold will pull back upon reaching this zone and test support in the 2915-2910 region. In terms of short-term trading, I will continue to short gold in batches above 2930, using the 2936-2940 resistance zone, and expect a retracement towards the 2915 area. Bros, do you have the courage to short gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
GOLD (XAUUSD): Support & Resistance Levels For Next Week Here is my latest structure analysis for Gold for next week. Vertical Structures Vertical Support 1: Rising Trend Line Horizontal Structures Resistance 1: 2786 - 2790 area Support 1: 2718 - 2732 area Support 2: 2689 - 2698 area Support 3: 2655 - 2663 area Support 4: 2614 - 2635 area Support 5: 2596 - 2605 area Support 6: 2583 - 2585 area Consider these structures for pulback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
2
GOLD (XAUUSD): Your Trading Plan Ahead of FED Ahead of FED Powell Speech today, Gold finally stopped falling. For now, a key daily support that the price tested earlier holds. To catch a pullback trade from that, pay attention to an inverted cup & handle pattern on an hourly time frame. Wait for a bullish breakout of its neckline - an hourly candle close above that will give you a strong bullish signal. A pullback will be excepted at least to 2580 level then. Alternatively, a daily candle close below the underlined daily support will be a strong bearish signal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
3
XAUUSD I Technical Analysis & Trading PlanWelcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
FOREXCOM:XAUUSDLong
by BKTradingAcademy
1
GOLD (XAUUSD): Detailed Support & Resistance Analysis Here is my latest structure analysis and important support and resistance levels to pay close attention to on Gold. Vertical Structures Vertical Resistance 1: Rising Trend Line Horizontal Structures Support 1: 2470 - 2484 area Support 2: 2431 - 2448 area Support 3: 2364 - 2381 area Resistance 1: 2517 - 2532 area Resistance 2: 2545 - 2552 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
XAUUSD I Do not SHORT too soon! Welcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
FOREXCOM:XAUUSD
by BKTradingAcademy
1
XAUUSD | GOLDSPOT | New perspective | follow-up detail [22 - 26]Gold prices took a tumble on Friday, dropping over 2% as the US Dollar strengthened and investors took profits after last week's record highs. The precious metal extended its losing streak to three days, closing around the $2,400 level. What drove the dip? 📈 Strong US Dollar: A surge in the USD, fueled by speculation about a Republican victory in the US elections, weighed on gold. 📈 Rising Bond Yields: Increasing bond yields also contributed to the decline, making gold less attractive. But hold on, the story doesn't end there! 🤔 Analysts remain optimistic about gold's long-term prospects: 📉 Fed Rate Cuts: The Federal Reserve is expected to cut interest rates in September, which is bullish for gold. 📈 Market Sentiment: According to the CME FedWatch Tool, markets are pricing in a 98% chance of a U.S. rate cut in September. 🌎 Geopolitical Instability & Central Bank Demand: Ongoing global tensions and central bank buying provide further support for the precious metal. 🔍 What's Next? Gold prices took a hit last week, but is this just a temporary dip or a sign of things to come? This video dives deep into the technical aspects of XAUUSD, offering insights into what to expect in the coming week! Don't miss out on this comprehensive analysis! XAUUSD Technical Overview: This week, we're focusing on the crucial $2,400 level. This is a big deal for gold traders - it could be a make-or-break point. If gold stays above $2,400: Bulls might take control, potentially pushing prices higher and setting up new highs. If gold falls below $2,400: Bears might gain the upper hand, and prices could head south. 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! #GoldAnalysis #ForexTrading #GoldMarket #FederalReserve #TradingStrategy #MarketInsights #USYields #InflationData #EmploymentData #FinancialMarkets #GoldPrice #Investing #TradingTips #ForexEducation #TrumpPolicies #JeromePowell #GeopoliticalStability #CentralBankDemand 📺🔔💼 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
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate retaliation. Meanwhile, US front, robust US Retail Sales figures from last week triggered a reevaluation of interest rate expectations, propelling the US 10-year note yield to levels not seen since November 2023, reaching a peak of 4.696%. Atlanta Fed’s Raphael Bostic cautioned against persistently high inflation, signalling a challenging path ahead for the central bank. Yet, New York Fed President John Williams struck a more measured tone, highlighting the Fed's data-driven approach and its current stance on monetary policy. As market sentiment fluctuates, the CME FedWatch Tool hints at a shift in sentiment for potential rate cuts, with September earmarked as a likely window for action. Against this backdrop, this video delves into the technical intricacies of the XAUUSD chart. Through the lens of price action analysis, we unravel the behavioural patterns driving market dynamics and offer insight into potential price movements for the week ahead. XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities. Our focus for the upcoming week centres around the $2,365 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,365 level, accompanied by ongoing selling pressure, may indicate 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.
EIGHTCAP:XAUUSD
by darcsherry
1
GOLD (XAUUSD): Important Key Levels & Structure Analysis 🥇 Here is my latest structure analysis for Gold. Vertical Structures Vertical Support 1: Rising trend line Horizontal Structures Horizontal Support 1: 2009 - 2014 area Horizontal Support 2: 2001 - 2006 area Horizontal Support 3: 1965 - 1977 area Horizontal Resistance 1: 2055 - 2065 area Horizontal Resistance 2: 2077 - 2088 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
3
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored. But the last day all those ECONOMIC INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. Anyway, we expect GOLD to go UP to 1915 LEVEL. Before that, GOLD may go down to the 1830 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
XAUUSD - GOLD CURRENT SITUATION - As we can see, GOLD is still going down since the last few days. The reason was that the US10Y was constantly strengthened by MARKET UPDATES. But as soon as there is an opportunity in the future, GOLD can be BUY as per the MARKET STRUCTURE. But yet there is no reason or incident to make GOLD MARKETS FUNDAMENTALLY UP yet. - By now, GOLD must go to 1675 LEVEL. After that, at 1832, the PRICE must go up, definitely a STRUCTURE BREAK If one comes. Definitely follow the STRUCTURE we have given. CPI DATA further DOWN GOLD PRICE. Wait until the TREND LINE on the PRICE CHART BREAKS. - Currently, US 10Y is slightly UP. Also, DXY is going up a bit. For this reason, GOLD is going down now.
OANDA:XAUUSD
by benny_marshall
XAUUSD - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for the this to correct and then give us these opportunities as shown on this instrument. Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments respectful. Thanks for your support....
OANDA:XAUUSDShort
by Tradelikemee
XAUUSD - GOLD CURRENT SITUATION- US10Y is currently slightly up to 2.84% LEVEL. Like we said before, it was a little CORRECTION just like we thought. So far, we have seen the POSITIVE SENTIMENT for USD being similarly very POSITIVE for DXY. The POWER of USD is still very strong in GOLD. Now DXY has been DOWN very fast for the last few days. We look forward to hearing from DXY. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. DXY is getting a bit down but now it's getting a bit UP up with the MARKET RISK OFF. Also, when we look at DXY, it has moved to DXY 101.68 LEVEL. - GOLD PRICE is currently moving above DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS but may be more DOWN under the influence of DOLLAR in the future. So currently UP can be before SELL. - Currently the OVERALL MARKET is RISK OFF. STOCKS is currently showing a NEUTRAL BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD can definitely be DOWN in the future. Also JPY CHF can be UP. - GOLD PRICE can be UP again before DOWN until 1918 LEVEL. So GOLD is more likely to go back to the 1918 LEVEL. Then you can definitely DOWN GOLD price up to 1783 LEVEL. If the TREND LINE is BREAK, you can go up to GOLD 1765 LEVEL DXY or US10Y if there is a UP TREND again. - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
XAUUSD - GOLD CURRENT SITUATION- US10Y is currently slightly up to 2.92% LEVEL. Like we said before, it was a little CORRECTION just like we thought. The POSITIVE SENTIMENT for USD has also been very positive for DXY in the past. The POWER of USD is still very strong in GOLD. Now DXY has been DOWN very fast for the last few days. We look forward to hearing from DXY. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. DXY is currently down a bit with the MARKET RISK ON. Also, when we look at DXY, we have moved to DXY 103.814 LEVEL. - GOLD PRICE is currently moving below DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS but another WAVE can be DOWN under the influence of DOLLAR. So currently GOLD can be SELL before UP. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - GOLD PRICE can be DOWN again before UP. So GOLD can go back to 1798 LEVEL. After that you can definitely go up to GOLD price 1918 LEVEL. If the RESISTANCE LINE is BREAK, GOLD can travel up to 1966 with a DXY or US10Y CORRECTION. - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall
XAUUSD - GOLD CURRENT SITUATION- As mentioned earlier, a very important event took place at the FOMC MEETING yesterday. The US Federal Reserve has increased their rates by 50bps. Before that there was some talk among the traders about it. So after raising their rates, the US dollar weakened. This is because the USD has been BUY in the past due to the sentiment of traders on the rates they are raising. Other economic indicator data released yesterday also remained weak. UNEMPLOYMENT CLAIMS DATA is due to be released for the US dollar today. - US10Y is currently down to 2.97% LEVEL. It was a CORRECTION just like we thought. The POSITIVE SENTIMENT for USD has also been very positive for DXY in the past. Now DXY seems to be a bit CORRECTION after FOMC. We look forward to hearing from you. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. Also when we look at DXY it has moved up to DXY 102.885 LEVEL. - GOLD PRICE is currently moving above DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS. But currently GOLD can be SELL before UP. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. But American STOCKS are going down a bit. And VOLATILITY is DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON BIAS on the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - GOLD PRICE can be DOWN again before UP. So GOLD can go back to 1876 LEVEL. After that you can definitely go up to GOLD price 1966 LEVEL. If the RESISTANCE LINE is BREAK, GOLD can travel up to 1966 with a DXY or US10Y CORRECTION. - However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
OANDA:XAUUSD
by benny_marshall