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Gold prices can be long now. Yesterday, before the gold price closed, I suggested to continue going long on gold today. Today, the gold price market is in line with expectations again. At the same time, the market released a signal that is good for gold. The gold price hit the position near 2397 again. It has not yet broken through 2400. But Eddy believes that it is only a matter of time before it breaks through 2400. At present, the gold price remains around 2390. Short-term long positions can be carried out below 2386. Investors with sufficient funds can consider entering the market in advance. COMEX:GC1! FOREXCOM:XAUUSD TVC:GOLD TVC:DXY
TVC:GOLDLong
by Eddy_Wealth
xauusd:It will rise again next week!All the strategies I sent this week are profitable. Shorting gold after the release of NFP data today has made huge profits again. But I predict that gold will rise again after reaching the support position next week, because DXY will continue to fall, which will further drive gold up. If your current account is still facing losses or there are orders to be processed, you can leave me a message and I can help you solve it. I will send more accurate strategies in the future to help you make greater profits. Keep paying attention to me, there will be accurate signals every day!
TVC:GOLDLong
by Eddy_Wealth
XAUUSD 5/8/2024 correction is over? Looking at H1 we see the ABC correction wave structure. Looking at the ABC correction model, we see that we are likely to have an unusual correction model, when wave C does not exceed wave A. - So now we need to observe to confirm whether the correction wave has ended - The confirmation condition is that if this downtrend closes above the 2413 zone, then we have the price entering the uptrend wave and then the target price zone is the 2500 zone. Currently we have a trading plan SELL ZONE 2456 - 2459 SL 2466 TP1: 2447 TP2: 2442 TP3: 2433 BUY ZONE: 2426 - 2423 SL: 2416 TP1: 2433 TP2: 2442 TP3: 2455
OANDA:XAUUSDLong
by DEEKOP
1
XAU/USD 05 August 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as yesterday's analysis dated 04 August 2024. -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high. Alternative scenario, price to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS. Although price has not yet print a bullish CHOCH, price has pulled back into premium of 50% EQ, therefore, I am happy to mark the current low as an internal low thereby giving us an internal range. Intraday expectation: Technically price should target weak internal low, however, we have had two failed attempts which could mean price is seeking liquidity to fuel it's drive down, therefore, price to react at premium of 50% or M15 supply level before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
4
Gold Faces Critical Resistance: Will the Bull Run Continue?Chart Overview Timeframe: 1-hour chart Exchange: OANDA Current Price: 2444.100 Key Levels and Zones 4HR LQZ: 2474.524 1HR LQZ: 2370.122 Support Level: 2348.660 Key Low: 2287.754 Patterns and Channels Descending Channel: The price moved within a descending channel before breaking out. Lower Highs (LH) and Lower Lows (LL) formed within this channel. Ascending Channel: The price moved into an ascending channel after breaking out of the descending channel. Higher Lows (HL) and Higher Highs (HH) are visible, indicating a potential upward trend. Current Price Action Recent Higher High (HH): Price reached a higher high at the top of the ascending channel. Potential Lower High: There is a possibility of forming a new lower high, as indicated by the recent price action near the 4HR LQZ. Rejection at 4HR LQZ: The price touched the 4HR LQZ and showed signs of rejection, pulling back slightly. Inset Chart: DXY The inset chart displays the DXY (US Dollar Index), which shows a descending pattern, potentially indicating USD weakness. This is relevant because gold often inversely correlates with the USD. Market Sentiment Bullish Signs: The breakout from the descending channel. Formation of the ascending channel with higher highs and higher lows. Bearish Signs: Rejection at the 4HR LQZ. Potential formation of a new lower high, indicating possible weakness or a reversal in the uptrend. Summary The XAUUSD chart shows a recent breakout from a descending channel and the formation of an ascending channel, suggesting a short-term bullish trend. However, the price faced rejection at the 4HR LQZ and is showing signs of forming a potential new lower high, which could indicate a reversal or consolidation phase. Monitoring key levels and market sentiment (especially USD movements) will be crucial for future price action.
OANDA:XAUUSD
by Adlercon333
4H Time Frame Did A Pullback? Or Potentials Sell?As For The 4H TF I Can See After The Adjustment Gold Has Broke The Parallel Channel And Make A Massive Pullback Last Friday With NFP And Now Again Heading Back Up Side .But The Same Scenario Showing A MSS And LH In Same Period Of Time .Will See With The Best Conformation After Market Make The Move. With The Ongoing Geo Political Situation On Middle East Gold Has A Strong Demand As A Safe haven Asset. As Investors Seeking For A Safe Background On There Asset. Last Friday Was A All Red Day For The STOCK/CRYPTO/COMODITY And All The Trading Assets. Upcoming Weeks Will Be Bit Tough To Find A EDGE To Get Accurate Entry's I Suggest You to Go With Fixed RR With 1:2 Or 1:3 Don't Get Greedy With Your Positions Get The Best Profit As You Can i'll Try My Best To Give You Most Probability Setups .Will Me One Or Two Setups Per day.
EIGHTCAP:XAUUSD
by Mr_Scalper_117
Weekly Bias Is Still Strong Bullish 2500 Is A Easy Target?As I Can See Gold Has Break The Weekly Resistance Zone Last Week By Close The Weekly Candle Above The Weekly Resistance While NFP News Release. After The News Release Gold Had Strong Volatile Move Up And Couldn't Breck 2475 - 2478 Zone. But Hunt Back All The Buy Side Liquidity By A Strong Move Down Side 660+ Pips Crazy Move. i Think No One Would Expect that Move With NFP Data. Because NFP Data Was Negative For USD. 😅 So This Is My Weekly Bias Not Forecast. Wait For Next Update.
EIGHTCAP:XAUUSDLong
by Mr_Scalper_117
XAU/USD 05-09 August 2024 Weekly AnalysisWeekly Analysis: Last week's weekly analysis missed as I was on holiday. Since my last weekly analysis price has print further all time highs, which, as a result, as brought the CHoCH positioning closer to more recent price action. Price has, as yet, failed to indicate bearish pullback following bullish BOS and iBOS. The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line. However, price could print further highs which would bring CHOCH positioning closer to current price. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. Price indicated bearish pullback phase initiation once it printed a bearish CHoCH. Price then continued bearish, reacting at discount of internal 50% EQ denoted in blue. Price has, thus far, failed to break and close above the weak internal high which could be an early indication that price will continue with it's bearish pullback phase in order to seek more liquidity. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high. Alternative scenario, price to target weak internal high. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD FORECAST 2MWelcome to this new page, we're a team of experts working 24/7 on metals and cocoa really detailed forecasts. Our main resources are based on news, technicals and our 3 year experience gives us a true credibility that you will see as long as we keep posting. Please keep in your mind that : - we're no professionals/counselors/financial advisers - you shall not place money that you should not if you can't live without it - we reject any kind of responsibility in case of a loss, this account only gives indications and further information regarding XAUUSD and COCOA, you and you only are in charge of your money and don't have to trust us This is and will be a short series about XAUUSD, our team has come to the conclusion that for the next month nothing much will happen, some kind of fall between the big rally to the 3000s.
OANDA:XAUUSD
by edl75