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HelenP. I Gold can break resistance level and continue to growHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the support level, which coincided with the support zone, and at once bounced and tried to grow, but failed and dropped lower this level, breaking it. Then in a short time, Gold rose higher than the 2320 level, breaking it again and some time traded near, after which fell back to the trend line, After this movement, the price rebounded from this line and started to grow and in a short time rose 2391 points, after which made small correction movement. Then price reached the resistance level, which coincided with the resistance zone, broke it, and rose to 2483 points, but soon turned around and dropped to the trend line, thereby breaking the resistance level one more time. But now, XAUUSD trades close to this level and I expect that the price will make a small movement down to almost the trend line and then rebound up higher than the resistance level, breaking it and continuing to move up. That's why I set my goal at 2460 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
Bearish reversal?The Gold (XAU/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support level which is also an overlap support. Pivot: 2,419.86 1st Support: 2,386.65 1st Resistance: 2,439.80 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:XAUUSDShort
by ICmarkets
1
XAUUSD - Gold DailySimple Trading - Cup and Handle pattern Gold has made a break from its bullish momentum and is now finding support at 2380. Expect gold to continue to reject the previous low and continue to make higher lows. If the Cup and Handle pattern plays out correctly, 2380 should be the lowest gold should go before reaching TP1. How to trade the pattern: Entry 1 is the 50% fib retracement from the previous impulse. In our case, gold has dropped perfectly to the 50% fib Entry 2 is the breakout. BULLS: Pay attention to the previous week's candle close. the high of last week was 2480. We are currently in a 1000pips range or 100 points. If gold fails to remain bullish over the next couple of days gold may surpass the previous high and reach target 1. BEARS: we can see the market may consolidate shown in ZOOM 4HR. If strong sell pressure keeps gold under the next daily FVG which is around 2445-2451, we may look to take some profits. if gold remains bearish and breaks below 2380 we look to change our basis and look for more sells in the short term. *These are just my thoughts, not financial advice.
CITYINDEX:XAUUSDLong
by nikdobii
XAUUSD 23/7/24This week’s gold markup is looking very similar to EUR/USD. We have trendline liquidity sitting under the current lows. We have taken some obvious liquidity, so this could be an early sign that price action may be shifting bearish for a longer-term move. Bear in mind, we have taken all-time highs on gold, as we have across the higher timeframes, meaning that our higher timeframe bias is bullish, and we must, of course, respect that. However, this does not mean we are not going to have a pullback that could last for several days or several sessions, so keeping this in mind is key. Now, if you see on the chart in front of you, there are three separate scenarios that I have marked: 1. Scenario one: We break the bearish 4-hour high, bringing us back into a bullish directional movement. I am looking at the trendline area and the higher timeframe area of supply for possible sell-offs into the lows we have marked on our chart. If we break the 4-hour high, we will be back into a bullish directional bias. This does not mean that the price is 100% going to sell off, as we will be bullish if we do not react at the trendline area and the supply area. I will be looking for the previously created all-time high to be taken and price action to continue the bullish delivery. 2. Scenario two: We continue bearish within the 4-hour selling range that we are currently in. This causes price action to break down, and we will look for the liquidity lows to be taken. This will, of course, give us a deeper pullback on the higher timeframe, and I will then be looking for longs if we shift structure. Stick to your plan and trade what the price is showing you. I hope you all have an amazing week.
OANDA:XAUUSD
by rosshayes
GOLD to find sellers at market price?Gold - 24h expiry Posted a Double Top formation. Short term bias has turned negative. 5 negative daily performances in succession. 20 4hour EMA is at 2411.5. We look for a temporary move higher. We look to Sell at 2411.5 (stop at 2427.5) Our profit targets will be 2371.5 and 2361.5 Resistance: 2404.0 / 2412.2 / 2420.0 Support: 2383.9 / 2370.0 / 2350.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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OANDA:XAUUSDShort
by OANDA
6
Could Gold rise from here?The price is currently reacting off the pivot which is an overlap support and could potentially rise to the 1st resistance. Pivot: 2,392.79 1st Support: 2,371 1st Resistance: 2,419.04 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
1
After breakout of support line, Gold can continue to declineHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some time declined to the buyer zone, which coincided with the support level and started to grow inside the wedge, where it at once rebounded from the support line to the resistance line. When the price reached the resistance line of the wedge, which is located in the seller zone, it turned around and made a downward movement, breaking the resistance level. After this, Gold tried to grow, but failed and dropped to the support line of the wedge, after which turned around and bounced back to the resistance line of the wedge. Then the price declined to support line again and then started to grow, after which soon exited from the wedge. Price continued to grow near the support line and later reached the 2430 level, broke it, and rose even higher than the seller zone to 2483 points. But some time ago it turned around and made impulse down to the support line, breaking the resistance level one more time, and now Gold tried to break the support line too. So, I think that the price can finally break this line and then make a retest, after which continue to decline. Therefore I set my TP at 2340 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Sell Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2465, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2425 2nd Support – 2403 Stop-Loss: To manage risk, place a stop-loss order above 2487. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
35
GOLD - Price can bounce down from pennant to $2340Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from $2375 level and tried to grow, but soon turned around and made downward impulse. Price broke $2375 level and entered to flat, where it little later made fake breakout of $2375 level and bounced down. Then Gold rose almost to top part of flat and then corrected, after which started to grow inside pennant. Some time later price exited from flat, made small movement down to support line of pennant, and then bounced up. Gold broke $2375 level and rose to resistance line of pennant, but not long time ago corrected to support line. Possibly, price can make little move up and then bounce down to $2340, breaking support level and exiting of pennant too. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
Gold (XAUUSD): Bearish Signals Hint at Possible Drop to $1000!Upon examining the monthly gold chart, it appears there could be a significant price drop, a secondary scenario in our analysis. We don't foresee a 50% decrease in the near future, though it's not impossible, especially if the market downturn affects all sectors, including gold. It's crucial to consider all possibilities due to market unpredictability, even a drop to $1000 per ounce. This view is backed by a bearish RSI divergence since 1966 and signs that we might be completing the first 5-wave cycle, which could reach up to $3000 per ounce but should not exceed this level. Currently, the apparent breakout seems to be a fake-out. Surpassing $3000 would mean our analysis underestimates the bullish potential. Elliott Wave Theory suggests Wave 5 might break out from the trendline formed by Waves 1 and 3, create a fake-out, then sharply decline, aligning with our secondary scenario for gold. We plan to further explore and outline our primary scenario in the next section. Anyway, when closely examining the 12-hour gold chart, we primarly anticipate a continued upward movement rather than a sharp downturn. We believe that the minor Wave 1 has concluded, and we should see a retracement to the 50-61.8% Fibonacci level, where we expect to find support at the High-Volume Node. The recent upward trend has been quite extreme. Therefore, we predict finding support between $2,200 and $2,130, before potentially breaking through the $2,500 mark, which we expect to coincide with the completion of the major Wave (3) or minor Wave 3.
OANDA:XAUUSDLong
by freeguy_by_wmc
GOLD / Strong Reversal from Pivot LineGold Price Analysis: Strong Reversal from Pivot Line Gold prices have reversed sharply from the pivot line at 2475, now serving as a strong resistance level. The price has also breached the 2420 mark, continuing the bearish trend towards 2397. Consolidation is expected between 2397 and 2420 until a breakout or next week's movement occurs. Bullish Scenario: The price should break above 2420 and stabilize to enter a bullish trend. This would open the path towards 2428 and potentially 2450. Bearish Scenario: As long as the price trades below 2420, it is likely to drop to 2397. A further decline below 2397 would target 2378. Key Levels: - Pivot Line: 2420 - Resistance Levels: 2428, 2440, 2450 - Support Levels: 2397, 2378, 2356 Today's Expected Range: The price is anticipated to fluctuate between the support at 2397 and the resistance at 2428, with a bearish inclination. previous idea:
OANDA:XAUUSDShort
by SroshMayi
Could Gold bounce from here?The price is falling towards the support level which is a pullback support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 2,423.36 Why we like it: There is a pullback support level which is slightly above the 50% Fibonacci retracement. Stop loss: 2,391.64 Why we like it: There is a pullback support level. Take profit: 2,453.68 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. 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
Gold Surges to New All-Time High Amid Fed Rate Cut Optimism Technical Analysis: Gold Gold prices recently broke through the all time-high, recording a new peak at 2482, hitting our target perfectly. Bullish Scenario: For a sustained bullish trend, the price should stabilize above 2475. If this level holds, the price could reach 2488 and gradually move towards 2500 and 2526. There is also a possibility of a retest if the price stabilizes below 2466, confirmed by closing an hourly candle under this level. Bearish Scenario: For a bearish trend, the price must stabilize below 2466. If this occurs, the price could potentially fall to 2450 and then to 2440. Key Levels: - Pivot Line: 2466 - Resistance Levels: 2475, 2488, 2502 - Support Levels: 2458, 2450, 2440 Today's Expected Range: The price is anticipated to fluctuate between the support at 2450 and the resistance at 2502, with a bearish inclination. Previous idea: Rising US Rate Cut Optimism Steers Gold to All-Time High Gold prices hit a record high on Wednesday, driven by increased expectations of a September interest rate cut in the U.S. Traders see a 100% chance of this cut, according to the CME FedWatch Tool. Fed officials, including Chair Jerome Powell, have expressed confidence that inflation is nearing the Fed's target, hinting at potential rate cuts. Key Drivers: Federal Reserve's Rate Cut Expectations: Traders are confident of a rate cut in September, boosting gold's appeal. Inflation Target: Fed officials are optimistic that inflation is approaching the 2% target, which supports the case for rate cuts. Geopolitical Risks and Recession Threats: These factors could drive gold prices further to $2,600-$2,700 by the second half of 2024. Alex Ebkarian of Allegiance Gold highlights that the anticipation of rate cuts and central banks purchasing more gold over U.S. Treasuries are key catalysts driving current price highs. However, he warns of potential volatility as the market confirms these trends.
OANDA:XAUUSDLong
by SroshMayi
1
GOLD - Price can make small movement up and then start fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to rising channel, where it firstly some time traded near $2320 support level. After this, price bounced and in a short time rose to resistance line of channel, but at once made correction. Price fell to support line of channel and then continued to grow near this line, and little later bounced up to support area. Then Gold made little correction movement from this area, after which turned around and made upward impulse. Gold broke $2425 level and recently even exited from rising channel and at the moment it continues to rise. In my mind, price can make one more movement up and then make correction to $2425 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
1
Gold shows signs of continued upward trend todayTrading Signal For Trading Setup: There is a Trading Signal to Buy in Gold XAUUSD h1 Currency Pair. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 2458.1 ⭕️SL @ 2436.0 🔵TP1 @ 2505.0 🔵TP2 @ 2545.0 🔵TP3 @ 2589.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSDLong
by pullbacksignal
2