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XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart XAUUSD formed a bullish Engulfing pattern. General outlook XAUUSD has been under selling pressure within the last day.now the price display a bullish Engulfing pattern.The price ready to rise. Possible scenario The best way to use this opportunity is to place a buy order at 2,736. Set your stop loss at 2,728. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,755. ($19.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.
TVC:GOLD
by CHRLEEEXPERT
XAU/USD: Today's Support, Resistance, and TargetsMarket Overview: Today, I conducted a detailed analysis of the XAU/USD pair, focusing on key support and resistance levels that will guide my trading decisions. 📊 Key Levels: **📉 Support Level: 2722 This is a critical level where buying interest is likely to emerge. **📈 Resistance Level: 2747 This level may present challenges for upward movement, potentially leading to selling pressure. 🎯 Trading Targets: Target 1: 2733 This is my initial target, where I expect price action to react. Target 2: 2725 This secondary target represents another opportunity for profit taking. 🔒 Risk Management: Stop Loss: 2748 A prudent stop loss to protect against unexpected market movements beyond the resistance level. 📈 Summary: Today's analysis indicates a cautious but strategic approach to trading XAU/USD. The identified support and resistance levels, along with clear targets and a stop loss, are designed to optimize trading performance while managing risk effectively.
OANDA:XAUUSD
by BinSalmanFundsReal
XAUUSD Short Position Today is the U.S Presidential Election Day. With the moving averages on a 1 hour timeframe curving downwards, there is an 80 percent chance of Donald Trump winning the election, thus strengthening the U.S Dollar and drastically reducing the price of Gold to as low as 2685.Gold could reach the Resistance zone at 2746 before a waterfall later in the day. XAUUSD Plan day (5/11/2024) SET UP GOLD PRICE: Sell GOLD zone: $2746 - $2748 SL $2751 TP1: $2735 TP2: $2725 TP3: $2710 Buy GOLD zone: $2695 - $2697 SL $2690 TP1: $2705 TP2: $2715 TP3: $2720 Buy GOLD zone: $2685 - $2687 SL $2680 TP1: $2690 TP2: $2700 TP3: $2710
FX:XAUUSDShort
by Godfrey481
1
Gold trading strategy analysis for next weekFundamental analysis 1: Gold prices fell on Friday, weighed down by a stronger dollar and higher bond yields, but weak job growth data in the world's largest economy prompted analysts to increase bets on a Fed rate cut, limiting some of the losses. Conclusion: I personally think there is a 100% chance that the Fed will cut interest rates by 25 basis points next week 2: The upcoming US election this week is also seen as one of the key factors affecting gold's trend Conclusion: I personally think that next week's interest rate meeting is scheduled just after the US election, so the gold market may use the results of the US election to reach new highs. 3: The market has different views on the future trend of gold prices, but in the long run, gold's position as a safe-haven asset and reserve currency remains solid. Especially in the current context of increasing global economic uncertainty and intensified geopolitical risks, the attractiveness of the gold market will be further enhanced. Conclusion: There may be short-term fluctuations this week, but the long-term outlook remains optimistic Technical analysis In the context of macroeconomics, we still need to undergo rational technical analysis and accurately categorize and sort out the gold trend chart. Combined with the market's volume and price sentiment, we can draw the following conclusions: 1: The short-term trend of gold has developed to the end of the graph, and it is bound to have a big market next week. 2: The current key price consolidation range is: 2730-2735. From this, we can judge the next direction, bull market? Bear market? Or oscillating trend? 3: The current high probability price oscillation range is: 2712-2760 4: Long strategy: 2730 is used as an important trend support point reference 5: Short strategy: Continue our analysis last week and use 2760 as an important pressure point. 6: The important signal of the bull market breakthrough is the breakthrough of 2760. If it can be broken, it is likely to continue to rise 7: The important signal of the bear market breakthrough is the breakthrough of 2710. If it can be broken, it is likely to continue to fall Next, I will continue to organize and share the corresponding trading signals for you, and investors should also grasp the rhythm. Thank you for your attention.
OANDA:XAUUSD
by GoldFxTradingPioneer
Gold's Next Move: Key Levels to Watch for Bulls and Bearshello guys. Let's dive into FOREXCOM:XAUUSD analysis! Channel Support: Gold is currently trading within an upward channel, showing steady bullish momentum. Correction Point: The price appears to be correcting, aiming to test the 50% retracement level of the last upward spike, around $2,721.50. This area aligns with strong support, often referred to as the "last hunting area." Scenarios to Watch: Bullish Scenario: If gold finds support at the $2,721 zone and reverses, it could rally back up to challenge the previous resistance near $2,770–$2,780, maintaining the bullish trend. Bearish Scenario: A break below the $2,721 support could indicate a deeper correction, potentially targeting the lower boundary of the channel.
OANDA:XAUUSD
by melikatrader94
6
Gold stays strong amid the US election and Fed rate cuts.Early on Tuesday morning, the latest developments surrounding the U.S. presidential election showed that former President Donald Trump is leading Vice President Kamala Harris in each of the seven swing states, although the margin is very narrow. A survey by AtlasIntel revealed that Trump holds the widest margin in Arizona, with 52.3% compared to Harris's 45.8%. This update seems to have helped the U.S. dollar halt its decline, keeping gold prices in USD at a low level. Furthermore, expectations of a less aggressive easing cycle from the U.S. Federal Reserve (Fed) have also supported the dollar. Personal opinion: Gold prices remain steady, fluctuating between $2,730 and $2,748, with no catalyst pushing them outside this range. While the RSI still indicates bullish momentum, buying pressure seems to be easing. For continued gains, gold buyers need to reclaim the key $2,750 level, which could lead to a target of $2,790. However, a daily close below $2,750 could signal further weakness. Pay attention to the price range: Buy Zone: 2715 - 2713 SL: 2708 Sell Zone: 2747 - 2749 SL: 2754 Sell Zone: 2761 - 2763 SL: 2768
OANDA:XAUUSDLong
by Chana-Trading
1
Bullish bounce?XAU/USD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection and could bounce from this level to our take profit. Entry: 2,714.83 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement and the 78.6% Fibonacci projection. Stop loss: 2,685.84 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Take profit: 2,759.77 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDLong
by VantageMarkets
XAUUSD Hits the “Shield” of Resistance: Correction or Rebound?Currently, XAUUSD is facing a strong resistance zone at 2,748 USD/oz, with the 34 EMA acting as a “shield” that deflects buyers' recovery efforts. If the price fails to break through this resistance, it may correct down to the support zone at 2,720 USD/oz, with a potential further dip to 2,705. This area could offer buyers a chance to "get back in the game." The latest news adds fuel to the fire: Expectations that the Fed will maintain high interest rates are strengthening the USD, putting pressure on gold prices. However, pre-election uncertainty in the U.S. is boosting demand for safe-haven assets, which could trigger an unexpected rebound if tensions escalate. Suggested Strategy: Stay calm and observe price reactions as they approach support or resistance levels. This is a moment to exercise patience, waiting for clear opportunities, ready to seize the “wave of opportunity” when the market gives a clearer signal.
OANDA:XAUUSDShort
by Zola_Hello
1
Could the price reverse from here?WTI oil (XTI/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 38.2% Fibonacci support. Pivot: 72.44 1st Support: 70.26 1st Resistance: 75.15 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XTIUSDShort
by ICmarkets
Could the Gold bounce from here?The price is falling towards the pivot and could bounce to the pullback resistance level. Pivot: 2,722.29 1st Support: 2,685.29 1st Resistance: 2,758.83 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
WTI, back at major order block support -- BOUNCE expectedWTI is currently sitting at below 0.5 FIB level on a weekly data -- a key area where most buyers converge. $65-70 area has been quite a solid order block support. It has been tested many times and oil keeps bouncing up from this range. A bounce is expected from current price range. Accumulation has notably started increasing at the present levels. Spotted at 69.0 TAYOR. Safeguard capital always. -------- RELATED NEWS: Reuters Oil prices settle more than 3% higher after China rate cut By Stephanie Kelly NEW YORK, June 13 (Reuters) - Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months, boosting crude prices after steep losses the previous session. The rate cut is aimed at adding momentum to a hesitant post-pandemic recovery in the world's second-largest economy and biggest crude importer. Brent crude futures settled up $2.45, or 3.4%, to $74.29 a barrel. U.S. West Texas Intermediate (WTI) crude gained $2.30, or 3.4%, at $69.42 a barrel.
BLACKBULL:WTILong
by JSAL
25
NG, prepping for a multi weekly gain come December 2023NG based on monthly data is registering very significant net buy volume at the current price range. Seller's strength is certainly fading out based on thinning price volatility this past few days / weeks -- as shown on yellow price lines on chart. NG is currently sitting at a strong major support at 2.0 to 2.5 area, a 1.0 FIB discount level -- this is where most buyers converge. Initial trend shift has been spotted at the present price range. Spotted at 2.50 TAYOR Safeguard capital always.
NYMEX:NG1!Long
by JSAL
9
Adjustment - gold price drops! Waiting for the new US president⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) remains positive on Monday as US election risks and Middle East tensions continue to support the safe-haven asset. However, stronger demand for the Greenback and rising US bond yields could limit Gold’s gains, as higher yields make non-yielding assets like Gold less appealing. Investors are focused on Tuesday's US presidential election, with the market’s attention shifting to the Federal Reserve’s rate decision on Thursday. Given the election uncertainty, it’s anticipated that the Fed will opt for a standard 25 basis point rate cut, rather than a larger half-point easing. ⭐️Personal comments NOVA: Gold price officially decreased - legalized adjustment with the US presidential election. The US economy will have a new breeze - boosting the economy and other investment areas. Gold will wait for the next interest rate information ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2757 - $2759 SL $2762 scalping TP1: $2750 TP2: $2740 TP3: $2730 🔥SELL GOLD zone: $2771 - $2773 SL $2778 TP1: $2765 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2732 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1
GOLD 1H CHART ROUTE MAP UPDATE: FORECAST BEFORE THE ELECTION.Hi everybody, Identifying Support and Resistance Zones: Based on the chart, the key support zone is found near the 2,730 level, where the price has repeatedly rebounded. The resistance zone is around 2,750 – 2,760, where the price encounters selling pressure. Current Trend: It is evident that the price is in a slight downtrend following an unsuccessful recovery. Recent trading volume has not spiked significantly, indicating caution in the market. Short-Term Forecast: If the price breaks below the 2,730 support level with high volume, the downtrend could continue. Conversely, if the price holds and moves above the resistance level, a recovery rally may occur.
OANDA:XAUUSD
by Ademha
GOLD heads up into $ 2,700: long term target and possible "Top"Follow-up to my previous $2700 call (click). The uptrend has continued exactly as "expected". We are now approaching a "natural endpoint". Natural as in a Wave 5 that does not "extend". Even if 2700 is not the top, expect a pullback. Commodities are known for extended wave 5s. So very possible we go higher after a dip maybe. $ 2695.15 is a Golden Genesis fib, a BIG deal. $ 2710.21 is a local Golden and Wave ender. $ 2762.41 is the medium-term Wave ender. =========================================== .
OANDA:XAUUSD
by EuroMotif