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XAUUSD trade ideas

XAU/USD : Gold will rise more? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price experienced a very slight correction before continuing its upward movement. In the past hours, gold reached $2710, which we previously identified as a supply zone. As a result, the price reacted to this level and corrected by over 100 pips, currently trading around $2700. After another minor correction, I believe gold could continue its upward trend. One of the key supply zones to watch is $2736 to $2738—keep an eye on it! 🚀 Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
62
GOLD ROUTE MAP UPDATEHey Everyone, A Piptastic start to the week with our 1H chart hitting targets just like we analysed. We started the day with our Bullish target hit at 2574. This followed with ema5 cross and lock above this weighted Goldturn, opening 2599, which was also hit!!!! We are now seeing 2599 cross and locked, leaving 2622 open. As long as we don't see a lock back down below 2599, 2622 will remain open. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up and knowing we have gaps above, allows us to safely buy from dips. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2574 - DONE EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET 2599 - DONE EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET 2622 BEARISH TARGETS 2551 EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET 2525 EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE 2638 SWING RANGE 2506 - 2484 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
27
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 2728 and a gap below at 2703. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2728 EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET 2743 POTENTIALLY 2759 EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET 2772 POTENTIALLY 2787 BEARISH TARGETS 2703 EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET 2684 EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE 2638 SWING RANGE 2638 - 2620 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
XAU/USD : More Fall Ahead ? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we notice that today’s market opened with a positive price gap between $2563 and $2566 . These types of gaps often act as magnets for price action, as markets tend to fill such gaps over time. Based on the current bullish momentum, I expect a price correction in the near future to fill this gap. Looking deeper into the structure, we can see that gold’s recent rally has managed to fill the Fair Value Gap (FVG) from the previous bearish move to a significant extent. However, it still has room to climb and fully fill the gap at $2606. This level could serve as a critical zone where we might observe a strong price reaction . Keep this level on your radar—it could either confirm a continuation of the bullish trend or trigger a reversal. From a broader perspective, the ongoing geopolitical tensions in the Middle East and the Ukraine-Russia conflict continue to provide a safe-haven bid for gold. These factors have been instrumental in driving demand, even as the US dollar shows signs of consolidation after its recent strength. On the macroeconomic front, recent data showed strong US retail sales for October , indicating resilience in the economy. However, there’s growing uncertainty around the Federal Reserve's policy direction. Markets currently price in a 65% probability of a 25bps rate cut in December, which could weigh on the dollar further and provide support for gold in the medium term. From a technical standpoint: 1. Gold remains in a bullish structure, but short-term corrections are expected due to overbought conditions and the need to fill the gap at $2563-$2566. 2. The $2606 level acts as a magnet for price, as it marks the full closure of the previous FVG. Monitor this level closely for signs of rejection or continuation. 3. In case of a rejection at $2606, a retest of support levels near $2545-$2550 could be on the cards, aligning with the gap fill. Key Levels to Watch : - Support: $2563 (gap low), $2545 - Resistance: $2606 (FVG top), $2620 To summarize, while gold’s rally has been impressive, the presence of both the unfilled gap below and the remaining FVG above suggests that the market could be at a pivotal point. Watch these levels carefully, as they are likely to guide gold’s next move. Previous Analysis : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
47
Lingrid | GOLD possible OPTIMAL Zone to SHORT the MARKETThe price perfectly fulfilled my last idea. It hit TP level. OANDA:XAUUSD is currently pulling back to the resistance zone at 2650 and the downward trendline. The price broke and closed above the 2600 level, suggesting that bears may not be interested in shorting at these levels. There is a possibility that the market could rally above to retest the previous week's low. I expect the price might remain within the range of the previous week, forming an inside bar pattern. This consolidation could lead to indecision among market participants as they await the impact of the upcoming news. My goal on is support zone around 2585 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
27
GOLD ROUTE MAP UPDATEHey Everyone, A Piptastic day on the charts today once again hitting our targets and playing out, as analysed. After completing our targets this week yesterday we stated that we had a cross and lock above 2622 opening 2649 and as long as 2622 holds and we don't see a cross and lock below 2622, 2649 will remain open. - This played out perfectly, as 2622 held without ema5 crossing and gave the support for our Bullish target at 2649 to be hit, completing this target!! We will now look for ema5 to cross and lock above 2649 to open the range above or failure to lock above will see price test the lower Goldturns for support. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up and knowing we have gaps above, allows us to safely buy from dips. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2574 - DONE EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET 2599 - DONE EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET 2622 - DONE EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET 2649 - DONE EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET 2678 BEARISH TARGETS 2551 EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET 2525 EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE SWING RANGE 2506 - 2484 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
19
GOLD ROUTE MAP MARKET REVIEWHey Everyone, A smashing finish to the week with our 1H chart idea playing out to perfection completing all our targets. After completing targets and updating throughout the week, yesterday we finished with a cross and lock above 2649 leaving a gap target open to 2678. - This target was hit today completing this chart idea and more . 4H CHART UPDATE Our 4H chart idea also completed all targets this week, with each level giving us cross and lock confirmation with plenty of time to get in for the action. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
16
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our chart idea playing out perfectly!!! Yesterday after completing both our Bullish targets at 2574 and 2599, we stated that we were now seeing 2599 cross and locked opening 2622 open. - This target was hit today just like we analysed followed with a new cross and lock leaving a gap to 2649. As long as 2622 holds as support and we don't see a cross and lock below 2622, 2649 will remain open. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up and knowing we have gaps above, allows us to safely buy from dips. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2574 - DONE EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET 2599 - DONE EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET 2622 - DONE EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET 2649GOOLD ROUTE MAP UPDATE BEARISH TARGETS 2551 EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET 2525 EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE SWING RANGE 2506 - 2484 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
19
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our analysis and plans to buy dips working out perfectly!! After completing our targets all week, yesterday we stated that we were now looking for ema5 to cross and lock above 2649 to open 2678. We got the cross and lock, which followed with a nice move up of over 200 pips so far but just short of the full target. The gap remains open however, buying dip is the safest way to chase open gaps. As long as support holds above 2649 with no lock below, we will continue to buy dips in this range until we see a failure above followed with a test and break and lock below 2649, which will open the lower Goldturn. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up and knowing we have gaps above, allows us to safely buy from dips. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2574 - DONE EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET 2599 - DONE EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET 2622 - DONE EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET 2649 - DONE EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET 2678 BEARISH TARGETS 2551 EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET 2525 EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE SWING RANGE 2506 - 2484 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
Lingrid | GOLD Bearish OPPORTUNITY from CONFLUENCE zoneOANDA:XAUUSD has moved higher, breaking and closing above the 2650 resistance zone. The market is now approaching the previous week’s high at 2686 and the psychological level at 2700. Additionally, there is a global upward trendline above that has held the price since the summer. What I see is a potential break and retest scenario. At this level, I anticipate some selling pressure, which may cause the price to bounce off these resistance levels, potentially forcing it to move sideways. I expect the market to grab liquidity above the previous week’s high before rolling back down. My goal is support zone around 2635. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
25
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price lay between two weighted levels with a gap above at 2736 and a gap below at 2694, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2736 EMA5 CROSS AND LOCK ABOVE 2736 WILL OPEN THE FOLLOWING BULLISH TARGET 2785 EMA5 CROSS AND LOCK ABOVE 2785 WILL OPEN THE FOLLOWING BULLISH TARGET 2821 EMA5 CROSS AND LOCK ABOVE 2821 WILL OPEN THE FOLLOWING BULLISH TARGET 2858 BEARISH TARGETS 2694 EMA5 CROSS AND LOCK BELOW 2694 WILL OPEN THE FOLLOWING BEARISH TARGET 2654 EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET 2611 EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE SWING RANGE 2565 - 2519 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
Hellena | GOLD (4H): Long to resistance area of 2711.Dear colleagues, the price continues its upward movement and it means that wave “C” is definitely formed. I believe that the price is forming a five-wave movement and we have 2 options for the development of events 1) Wave “1” is not formed yet and will continue the upward movement - this is a more risky entry into a long position. 2) Wave “1” is formed and I expect a correction in wave “2” to the area of 38.2-50% Fibo lvl (2605.5) and then an upward movement to the resistance area 2711. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
18
Gold can turn around in seller zone and start to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to upward channel, where it some time rose near the support line and later rebounded up to the 2570 support level, which coincided with the buyer zone. Then price made a retest and later continued to grow to a resistance line of the upward channel. When Gold reached this line, it turned around and made a correction movement to the support line, after which bounced and rose to the resistance level. Soon, the price broke this level, which coincided with the seller zone, and rose to 2790 points, after which turned around and started to decline. In a short time, XAU fell to the support line of the channel, and exited from it, breaking the 2705 resistance level as well. Then the price dropped to the buyer zone, where it some time traded and then turned around and made a strong impulse up. Price reached resistance level again and now it trying to break it one more time. In my opinion, Gold can enter to seller zone, turn around, and start to decline. For this case, I set my TP at 2630 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
10
Is XAUUSD Primed For A Pullback & Buy Opportunity?👀👉 The XAUUSD Gold market has recently experienced a pullback from a crucial liquidity zone and is now making its way back toward previous highs, sparking interest among traders about potential moves ahead. I am considering a buying opportunity, contingent upon a retracement to equilibrium and a bullish structural break. 📊 Disclaimer: This content is intended for educational purposes only and should not be construed as financial advice. Always perform your own research and trade responsibly.
FX:XAUUSDLong
by tradingwithanthony
11
GOLD → Why is the metal rising? A chance to upgrade ATH to 2800?FX:XAUUSD rallies and seeks to renew the local maximum. The fundamental background is changing in favor of the metal, to which aggressive buyers are running... Gold is not reacting to the dollar rally and hawkish Fed rate statements. Markets now rate the probability of a 0.25% Fed rate cut in December at 51%, up from 84% a week ago. The reason for the metal's rally is paramount to the escalating conflict in Eastern Europe. The US Democrats have untied the hands Ukraine, which has caused Russia to change its nuclear doctrine and lower its threshold for retaliatory decisions. The conflict, fundamentally, is taking a more serious side. Gold, as a hedge asset in times of crisis, is soaking up investor money and feeling strong buyer support Technically, we are getting a high probability that the metal can update ATH to 2800-2850. Resistance levels: 2710, 2731, 2750 Support levels: 2689, 2680, 2674 There is strong resistance ahead, which may trigger a correction to the nearest liquidity zones, but we are not talking about reversals. The correction may end quickly and the price will go into the bull run phase again. Medium-term targets are 2731-2750 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Lingrid | GOLD Weekly Market OUTLOOKOANDA:XAUUSD market has been in the bearish trend since the completion of the election. On the daily time frame, we have seen a clear break and a close below the previous support level at 2603, indicating a potential shift in market. However, I anticipate that the market will move sideways for the time being, unless it breaks through the 2470 support area. On Friday, the market rebounded from the 2550 support level, creating a false breakout. This resulted in a long-tailed bar, signaling a rejection at that level. Looking at the monthly time frame, the price is now approaching the August high, which could serve as significant support. Meanwhile, on the 4H timeframe, price action has formed an ABCD pattern. Typically, after this pattern completes, markets tend to pull back. Currently, on the daily time frame, the price is slowing as it nears the 2530 support area below. It's worth noting that the market struggled to break this level for over two weeks in August, indicating its importance. Overall, I expect the price to at least bounce back from these zones in the short term unless further price action shows otherwise. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
29
GOLD DAILY CHART UPDATEHey Everyone, Please see our updated daily chart idea that we updated last week. This chart is playing out perfectly, as we had the support test at 2560 weighted level with no ema5 cross confirming support for the rejection and bounce like we analysed. This followed with the bullish target gap at 2629 being hit with a cross and lock opening 2686. 2686 was hit perfectly completing this range. We now have candle body close above 2686 leaving a gap above at 2760 but ema5 cross and lock will further confirm this. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
GOLD (XAUUSD): Wait For ConfirmationUpdate on Gold 📈 The setup we posted earlier is no longer valid as the Gold price failed to break the neckline of the double top. Now it appears that Gold may be getting ready for a bullish trend. Analyzing the 4-hour time frame, we spotted a descending resistance trend line and a confirmed break above it. The key level for buyers to overcome is the support range of 2638 - 2655 on the 4-hour time frame. If this level is broken and closed above, it will indicate a strong bullish signal. Subsequently, a bullish trend could extend to at least 2700.
TVC:GOLD
by linofx1
6
Gold Resumes Upward MovementGold Resumes Upward Movement This analysis was detailed and posted on Friday. As I explained, the price needed to rise above the pattern to begin the bullish wave. During the early hours of the European morning, GOLD broke through the resistance zone at 2577.40, initiating a bullish wave. The price reached the first target at 2592.60 and is already up by +1.1%. The odds are that GOLD may continue to rise in the coming days. Gold prices were also higher due to intensified fighting between Russia and Ukraine over the weekend. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Previous video analysis:
FX:XAUUSDLong
by KlejdiCuni
8
GOLD → Market confirms downtrendFX:XAUUSD is testing resistance of a key descending channel. Bears continue to resist based on important fundamental aspects of the global economy Fears of further geopolitical escalation between Russia and Ukraine are likely to subside a bit. In addition, the Fed speech will help determine the U.S. central bank's future path on interest rates. Attention is focused on the December rate meeting.... Technically, the gold confirms the downtrend channel, so we have a key trend to follow in our trading decisions. A false breakdown of the local resistance at 2627 is forming. Consolidation of the price below this zone may provoke further decline Resistance levels: 2627, 2643 Support levels: 2694, 2560 Another resistance retest is possible. It will be possible to talk about buying after the price will be able to break 2643 and consolidate above this zone (additional scenario). But in priority I consider further decline from 2627 or from the channel resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
8
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, This is an update on the weekly chart idea we have been tracking for over a month now. This chart allowed us to project the long term corrections and direction. We were able to track our bullish targets until no ema5 lock to confirm rejection into the retracement range below for the correction. We have been suggesting over the last few weeks that we will be looking for the channel top and the retracement range to provide the support for a reaction. We also stated that we have a body close below the retracement range opening the swing range but will need ema5 cross and lock to further confirm this. No lock below confirmed the rejection. The new weekly candle this week also had the ema5 detachment to the top, which followed with the correction above to re-attach and now heading towards the 2729 axis target once again. Overall the channel top provided the support like we analysed. Although we saw candle body closes below the channel there was no ema5 break into the channel, which allowed us to identify the fake-out and confirm the support. This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. We will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps for the future. We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future.. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
GOLD → The fundamental backdrop is changing, as are the targets$FX:XAUSUD breaks local trend and makes sellers nervous. The fundamental background is changing despite the growth of the dollar, which is generally positive for gold as a safe asset in times of crisis The dollar rallied strongly on Wednesday as traders increased optimism on Trump's dealings, digesting hawkish comments from the Federal Reserve. Despite the hawkish shift in Fed expectations and the optimism of the overall market syuttaion on the dollar, the gold price held up and benefited from escalating geopolitical tensions between Russia and Ukraine. Against the backdrop of the escalating Russia-Ukraine conflict, the gold price is likely to be firm, but upcoming Fed comments could strengthen sellers. Technically, gold has all chances to test the previously broken channel boundary, but based on the technical and fundamentals, we can conclude that further growth may continue. Resistance levels: 2665, 2686, 2700 Support levels: 2643, 2627 The price is heading towards the zone of liquidity and interest, from which a correction may be formed, after which the market may resume the growth of gold, as the interest to the metal as a hedge asset has returned. Medium-term targets could be 2700-2750 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
8