The image is a candlestick chart of the price of gold (XAUUSD).The chart shows the price of gold from September 25th to October 1st. The price of gold is currently $2,658.550 per ounce. The chart also shows a downward trend line. Shortby laswaii4Published 4
Unlock Trading Success with These Proven Chart PatternsTechnical Analysis of the Trade: The chart you provided highlights several patterns and levels, which I'll break down into different components for a clear analysis: 1. Market Structure: Ascending Channel: The price is moving within an upward-sloping channel, indicating that the market is in a bullish structure. An ascending channel like this represents a controlled trend higher with occasional corrections, providing potential buying opportunities on pullbacks to the lower boundary of the channel. Trade Implication: As long as price remains within this channel, the overall bias is bullish. A break below the channel, however, would signal a shift in momentum, suggesting a potential sell-off. 2. Bull Flags: Bull Flag 1 (Lower on the chart): This flag formed after a strong upward move, followed by a tight consolidation, which is a classic bullish continuation pattern. The breakout from this flag has already occurred, leading to a further upward push. Bull Flag 2 (Upper on the chart): Similar to the previous one, this bull flag formed after another sharp move up, indicating a potential continuation. The price is currently in the process of consolidating in this flag, which makes this an area of interest for a potential entry on a breakout. Trade Implication : Both flags suggest that the market is in a bullish phase. You could consider entering on a breakout above the upper bull flag, aiming for continuation to the upside. 3. Support/Resistance Zones: 1-Hour Liquidity Zones (LQZ): The chart shows two 1-hour liquidity zones: Upper LQZ (Around 2660): Price is consolidating just below this area. This zone could act as short-term resistance but would be a strong area for a breakout and continuation move higher. Lower LQZ (Around 2640): Should the price reject from the upper bull flag, this area is the next potential support zone where price could find liquidity and buyers might step back in. 4-Hour Liquidity Zone (Around 2622): This lower level is a major support area. If price retraces significantly, this could be a high-probability area for a reversal or continuation of the overall bullish trend. Trade Implication: If the price breaks above the 1-hour LQZ (Upper), it could trigger a bullish continuation. If rejected, you might look for a retracement back to the lower LQZ or even the 4-hour LQZ for a potential buying opportunity. 4. Pattern Confirmation & Confluences: Multi-Touch Confirmation: The price has interacted with significant levels multiple times (ascending channel, bull flags, and liquidity zones), strengthening the idea that these levels are respected by the market. This gives added confidence in the patterns you are trading off of, such as bull flags and support levels. Trinity Rule: Before entering a trade, ensure you have at least three confluences. In this case, potential confluences include: Price staying within the ascending channel. Bull flag formation at the current level. Proximity to key liquidity zones. With these three factors, you can confidently look for a continuation to the upside. 5. Price Action Signals: Correction vs. Impulse: If the market continues to move upwards impulsively, it supports the bullish continuation thesis. However, if it begins to correct, expect a pullback towards the lower boundaries of the liquidity zones or the lower boundary of the ascending channel. Trade Implication: If you see a sharp impulse (breakout of the upper bull flag), it could be a signal to enter long positions, while a slow corrective move might indicate waiting for a better entry lower. 6. Risk Management: Stop Placement: Place your stop loss below the lower boundary of the second bull flag or below the most recent swing low. For a safer trade, consider setting the stop just below the lower 1-hour LQZ (2640), where price may likely find support. Trade Implication: This gives the trade room to breathe while protecting against a deeper pullback. Take Profit: Based on the bullish pattern, your first take profit should be just above the upper 1-hour LQZ around 2660, with the next take profit near the next liquidity zone or potential resistance levels further up. 7. Probable Scenarios: Bullish Scenario: If price breaks above the upper 1-hour LQZ and the current bull flag, it could rally towards the next significant resistance level (around 2670-2680). Bearish Scenario : If price rejects from the upper bull flag and falls below the lower 1-hour LQZ, it could retrace to the 4-hour LQZ around 2620. This area would then offer a high-probability long entry. Summary of the Trade: Bias: Bullish (based on the ascending channel, bull flags, and liquidity zones). Entry Strategy: Enter on a breakout above the upper bull flag, with the price moving above 2660. Alternatively, if the price retraces, enter near the 2640 (lower 1-hour LQZ) or 2622 (4-hour LQZ). Stop Loss: Below the lower 1-hour LQZ (2640) or the recent swing low within the bull flag consolidation. Take Profit: Around 2670-2680 (based on the next potential resistance and liquidity zones).Educationby Adlercon333Published 5
Tuesday Market Analysis and SignalsIn the Asian market on Tuesday, gold fluctuated in a narrow range at high levels and is currently trading around $2,628 per ounce. Gold hit an all-time high of 2,634 during trading on Monday, up about 0.24%. The bullish market sentiment after the Fed's interest rate cut last week and geopolitical tensions pushed up the London gold price, but the US dollar index stabilized and rebounded. Ukrainian President Zelensky said that the Russian-Ukrainian war was "close to the end", and investors need to beware of the risk of a short-term correction in gold prices. If the employment rate drops sharply, the market will believe that the Fed may be more active in cutting interest rates, which is very beneficial to gold prices. In addition, regional instability in the Middle East may further push gold prices higher. The growing tensions between Israel and Hezbollah have enhanced the appeal of safe havens, which may further boost demand for gold. As a traditional hedging tool for geopolitical and economic uncertainties, gold will have its best year in 14 years. There are relatively few economic data on this trading day. Investors will pay attention to the Reserve Bank of Australia's interest rate decision, the US Conference Board Consumer Confidence Index in September, speeches by Fed officials, and news related to the geopolitical situation. Yesterday, the historical high of 2634 was reached again, showing a continuous breakthrough of the bullish pattern. The MA7/10-day moving average and the 5-day moving average have moved up to 2605/2582, of which the 5-day moving average is above the 2600 mark, and the RSI indicator is close to the high value of 80. The upper rail resistance of the Bollinger Band channel is obvious. In the short term, the gold price faces certain suppression and technical indicator repair. The overall gold bull trend structure is intact. The small cycle indicator is overbought and the indicator needs further cycle repair. Look at the 2615/2635 range first, buy low and sell high. Trading strategy: 2613-2615 long, stop loss 2604, target 2635-2645; 2635-2638 short, stop loss 2647, target 2610-2600;Longby Jun-goldFXUpdated 2
gold uptrend viewgold will crash after this wave go up to 2600-2700 prices area!!!i think the last uptrend moves r reaching their termination and we will see a big crash in GOLD in next two years Shortby omidtrader1367Updated 2
Gold Analysis: Correction Ahead?Gold could be approaching a correction, with signs of overbought conditions emerging. The Relative Strength Index (RSI) is flashing above 70 on daily, weekly, and even monthly scales, a level not seen since the 2020 pandemic surge. Historically, this has indicated either a multi-day consolidation or a period of selling pressure as investors take profits. Despite these indicators, gold remains in a strong uptrend, with the precious metal recently breaching $2600 and showing potential to reach $2700 in the near term. Any pullback is likely to be viewed as an opportunity for dip buyers. Key support levels to watch include $2600, followed by $2530 and $2500, where this year’s bullish trend could be tested. While short-term weakness may arise, the long-term outlook for gold remains bullish, with a $3000 target still in sight. Factors supporting this view include global central banks accelerating rate cuts, ongoing geopolitical uncertainties, and sustained gold purchases by central banks. These conditions create a favorable environment for gold's continued strength, despite any potential profit-taking in the near future. By Fawad Razaqzada, market analyst at FOREX.com by FOREXcomPublished 2
XAUUSDPair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Symmetrical Triangle as an Corrective Pattern in Short Time Frame Demand Zoneby ForexDetectivePublished 2
XAUUSDPair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Symmetrical Triangle as an Corrective Pattern in Short Time Frame Demand Zoneby ForexDetectivePublished 2
XAUUSD | GOLDSPOT | New perspective | follow-up detailThe Federal Reserve delivered a surprise 50 basis point rate cut, sending gold prices skyrocketing past $2,600! 🤯 This larger-than-expected cut underscores the Fed's commitment to maintaining low unemployment as inflation continues to ease. 📉 🚨 Gold prices surged past $2,600, reaching all-time highs as speculation grows that the Fed will keep lowering borrowing costs. Along with rising geopolitical tensions in the Middle East, global central banks are now expected to follow the Fed's path of easing monetary policy and slashing interest rates. 🌍 The Fed’s December 2024 fund rate futures suggest another significant drop, with 53 basis points expected across the final two meetings this year. Markets are now pricing in a 25 bps cut in both November and December. 📅 What’s Next? Looking ahead to next week, key Fed figures like Atlanta Fed’s Raphael Bostic, Chicago’s Austan Goolsbee, and Minnesota’s Neel Kashkari will take center stage. Important data releases, including S&P Global Flash PMIs, housing data, and the Fed’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index, will also play a vital role in shaping the XAU/USD outlook. 🔍 In this video, we analyze the technical structure of the gold chart and key fundamental factors to prepare for next week's trading. XAUUSD Technical Overview: This week, we're focusing on the $2,590 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. 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! 📌 Follow my journey as I map out the next moves in this dynamic market! #GoldPrices #XAUUSD #FederalReserve #InterestRates #JeromePowell #RateCuts #MiddleEastTensions #GoldTechnicalAnalysis #FOMC #MarketAnalysis #Inflation #GoldTrading #ForexTrading📺🔔💼 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.13:24by darcsherryUpdated 1111
XAU/USD : Percée à $2,680 ou Correction vers $2,650 ?Le graphique XAU/USD révèle une bataille intense alors que le prix de l'or fluctue autour de $2,662.280. Deux niveaux clés influencent le marché : un solide support à $2,650.230 et une résistance robuste à $2,680.131. Les boucliers fournis par les EMA 34 à $2,659 et EMA 89 à $2,630.839 jouent un rôle crucial dans le maintien de l'élan haussier de l'or, empêchant des baisses plus profondes. Cependant, ce que les traders surveillent de près, c'est si le prix peut franchir la résistance à $2,680. Si ce n'est pas le cas, une correction à la baisse pourrait ramener le prix vers la zone de support à $2,650. Parallèlement, avec un RSI à 49.90, il y a un équilibre entre la pression d'achat et de vente, signalant que le marché est à un tournant crucial. Les nouvelles économiques des États-Unis et les actions de la Fed seront les principaux catalyseurs susceptibles de bouleverser toute la dynamique du marché.by Zola_HelloPublished 4
HelenP. I Gold can fall below trend line and then rebound upHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some time ago dropped below support 2, which coincided with the support zone, breaking it. Then price some time traded near this level and later even rebounded higher, but soon dropped back to the trend line. Then Gold started to grow near this line and soon broke support 2 one more time. Lare price reached support 1, which coincided with one more support zone, and some time traded near this level until it broke the trend line and fell a little below. After this movement, Gold turned around and made a strong impulse up to the trend line, breaking support 1, and then it made little correction movement. Then the price continued to move up and a not long time ago reached the trend line again and broke it. Just now, the price trades near this line and I expect that XAUUSD will decline below the trend line, making a correction movement, and then it rebound up. That's why I set my goal at 2710 points. If you like my analytics you may support me with your like/comment ❤️Longby FirstNameHelenPublished 338
XAUUSD bullishThis is how i see GOLD in friday, i think price is still going up, after getting reach to touch TP, next decisions will be on the way.Longby CryptoSeniorTradingPublished 1
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Short03:04by ForexWizard01Published 5
World gold may reach 2,700 USD this weekendHello everyone! Recently, gold prices have increased sharply, nearly 570 USD/ounce, after the US Federal Reserve decided to cut interest rates by another 0.5%. Currently, gold is on track to reach a new high, expected to reach 2,700 USD/ounce. The upcoming important event is the US presidential election, which can create many unpredictable fluctuations in the market, which will further promote gold as a safe haven channel that many investors prioritize.Longby Conann_Updated 2
15 MINUTES ELLIOT WAVE ANALYSISWe will see another all time high once this correction of 4th wave is over. by mamnunamalikPublished 2
XAU/USD 27 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge printing all time highs with price pulling back very minimally. Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range. You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish. Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic is price printed a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Intraday expectation was met with price printing bullish iBOS. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not be unexpected if price prints a bearish iBOS. M15 Chart: by Khan_YIKPublished 2
Gold is going to 2700 today Potential Bullish move Take profit: Around 2700 SL: 2659Longby Visionary_insightsPublished 2
Gold Price Analysis September 27Fundamental Analysis Gold (XAU/USD) attracted some sellers over the weekend and fell further from its all-time high, around the $2,685-$2,686 region hit on Thursday. The decline was financed by some buying of the US Dollar (USD), which tends to weaken demand for the commodity. In addition, the bullish market mood, fueled by China’s new stimulus measures, turned out to be another factor driving outflows from the safe-haven precious metal. That said, expectations of a more aggressive easing policy from the Federal Reserve (Fed) kept the USD confined to a familiar range that has been maintained for about two weeks and within striking distance of the YTD low set last week. This, coupled with the risk of further escalation of geopolitical tensions in the Middle East, should limit losses for Gold. Traders may also prefer to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index. Technical Analysis Currently, the trading range of gold is very wide. and Gold can make an ATH at any time during this period. The lower border area is focused on ports 2650 and 2640. The upper area of ATH is focused on the round ports 2690 and 2700. If gold holds above the 2662 hook until the middle of the US session, we can still set up buy orders in this area to the upper resistance areas, and if it breaks 2662, wait for retest and sell to 2650-2640 BUY XAUUSD 2651-2649 Stoploss 2646 BUY XAUUSD 2641-2639 Stoploss 2636 SELL XAUUSD 2688-2690 Stoploss 2693 SELL XAUUSD 2699-2701 Stoploss 2704by TVS-TraderPublished 3
Gold long Gold long targeting 1736/1749 go back to my month back post we were i think 2450 i had sent my analysis on gold that is my main target will be at 2749 I'm entering now around 2664 with risking 10$Longby ARCHREXPublished 3
Xauusd forecast Hi traders. We have an Engulf below of chart..it's sign of market direction. Forget last analysis because price remine orders it's not valid now.Shortby Market_MagazinePublished 3
Will Gold Break Resistance at $2,670?Hello everyone, Today, the price of gold (XAUUSD) continues to hold steady around the highs, with the resistance level of $2,670 on the 4-hour chart still intact. Currently, gold is hovering around $2,653, down slightly by 0.14% on the day. On the technical chart, it is worth noting that the resistance at $2,670 may be under pressure from profit-taking after yesterday's action. The RSI is trending down, although the price is still supported by the 34 and 89 EMAs, with a dynamic support level around $2,610. The rising DOW also suggests that the price of gold will continue to rise without any significant reversal signs. Based on the Fibonacci level, if the rally continues, the next recovery level could be $2,625 (0.618). New take profit level to watch: 2743 Support level to watch: 2625, 2611 What do you think about this assessment?Longby Conann_Published 10
Gold Approaching $3,000, But Short-Term Action Remains StagnantGold is pushing for the $3,000 per ounce mark, showing impressive strength. However, the price hasn't moved much this week. The reason is clear: the current risk-to-reward ratio is not ideal for new long positions. Bullish traders may find better opportunities between $2,545 and $2,594, with targets set at $2,629 and $2,680 if a dip occurs. This range offers more favorable conditions for upside potential. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.Longby ThinkMarketsPublished 5
GOLD PRICE PATH AND STRONG SUPPORT AT 2500Appears that Gold has run it's course on this leg and will need a healthy cool off into a retrace. I'm pitching 2500 support level as it showed the greatest consolidation. Once settles down for another buying opportunity which will be good for gold and establish further support for pushing higher highs. Shortby samhewsonPublished 2
Gold Slips but Holds Near Record Levels Amid Fed Policy EasingGold Technical Analysis – 23 September 2024 Gold price Slip But remains close to Record Levels on Fed Policy Easing As long as the price remains below $2,629, it is likely to test $2,615 and $2,605. In general, stability below $2,615 would signal a bearish move towards $2,588. Conversely, a sustained position above $2,630 would confirm a bullish trend targeting $2,640 and $2,655. Key Levels: Pivot Point: 2629 Resistance Levels: 2640, 2655, 2670 Support Levels: 2615, 2605, 2593 Trend: Bearish as long as the price remains below 2629 previous idea: Shortby SroshMayiPublished 2211