GOLD is Bullish.....Doesn't matter what you think at the end of the day, gold is still very much a bullish market and it will likely stay like that for sometime.
Yes It will probably come down a bit, but based on how the momentum is increasing I actually see, gold speeding up in terms of buys, but who knows right?
Have a good weekend guys, see you on monday
Goldlong
Gold (XAUUSD) Monthly Chart BULLISHThere is a great BULLISH setup on the Gold Monthly chart. It's a long-term trading opportunity.
There has been a descending trend line which has been broke to the upside and re-tested. The market has bounced off this trend line with force.
A strong area of resistance has been re-tested many times. The price moved strongly above this area and is about to close out the month, making it a support area moving forward.
ENTRY = 1990
TAKE PROFIT = 2500
STOP LOSS = 1790
XAUUSD H12 Idea BULLISH 2500 PotentiallyGold Prices — Anticipation of U.S. Inflation Data and Geopolitical Tensions
- Gold prices edged higher on Monday, driven by anticipation of U.S. inflation data and the potential for a Federal Reserve rate cut. Investors are closely watching the upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) reports, which are expected to show modest increases in wholesale prices and a continued decline in consumer inflation.
- The data will be crucial in shaping the Fed's monetary policy decisions, with market sentiment currently suggesting a nearly 50% chance of a 50 basis points rate cut in September.
- Geopolitical tensions, particularly near Ukraine's border and in the Middle East, are also supporting gold prices, reinforcing its status as a safe-haven asset. U.S. Treasury yields rose slightly on Monday as the market braces for the impact of the inflation data, which could signal the Fed's next move on interest rates.
Technical View
- From a technical perspective, gold is solidifying above the support level at $2,440, with major support at the 50-day moving average of $2,373.23. The daily chart suggests that the market could soon test resistance at $2,483 and $2,490. However, if the 50-day moving average fails to hold, a significant price drop of up to $100 could occur. The overall outlook remains bullish, with the potential for gold to challenge previous record highs if inflation data aligns with market expectations.
Gold is Ready For Bull after testing the major support areaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
+718.00 USD Profit | Gold Creates New ATH (2500)I don't know anyone who would complain about making 700 usd in one day and I am not about to either, I'm quite happy with that as It is more than I asked for so I will be stopping here.
That being said, Gold continues to create new higher highs and break new boundaries.
I also would not be surprised if gold attempted to breach 2500 either
I did cover all of this live as well in my group BEFORE the fact and on the record so feel free to join that. Other than that, have a good one today guys
Will gold prices continue to be short?There is definitely an opportunity to short the gold price. But you need to wait.
My current view is to continue buying. Then wait for the right opportunity to sell. Then make a good short trade.
I have made good profits continuously. I share it in real time every day. If you don’t know how to trade yet. Want to recover losses or expand profits. Remember to leave me a message.
Analysis of gold trend on August 16If you only make orders based on data and don’t understand the market logic behind it, your transactions will always be slower than before.
From the 4-hour chart, gold has also reached the middle Bollinger Band and the downward trend is more obvious. Referring to international information, the support power of gold in the later period is obviously insufficient. The US dollar seems to be rising strongly. Gold is currently in high volatility.
Personal Operation Analysis
2440 Buy 2455 Take Profit Stop Loss 2435
2463 Short selling 2450 Take profit Stop loss 2470
Gold roller coaster marketOscillating trend, long positions take profits!
The US data has mixed impacts on both long and short positions. The US retail sales data for July was impressive, triggering a series of market fluctuations.
Personal operation analysis:
Support level: 2445 2435 2425
Resistance level: 2470 2477 2490
The above data can be used for reference. Comments are welcome
+$380 Dollars on Gold TodayYes gold is bullish, yes I sold gold, yes I took 2 losses, Yes I am still in profit at the end of the day.
The more I grow as a trader the more I realize that it is much more about what decisions you make as opposed to just what trades you take.
Yes the trades you take are important but ultimately you have to make a decision to take that trade in the first place right?
Have a great rest of your day guys
Gold is set to rise - Bullish Momentum Ahead!Welcome to another analysis, where we dive into the latest market trend and chart the potential path ahead for GOLD !
So is gold a good long-term investment? In my view, the short answer is YES .
Gold is likely to continue rising in the coming years due to several fundamental factors. Firstly, ongoing global economic uncertainty, including inflation concerns and geopolitical tensions, often drives investors toward gold as a safe-haven asset. Central banks around the world are also increasing their gold reserves, reflecting confidence in its long-term value.
If we examine the consolidation period between 2016 and 2019, we can see that the breakout from this consolidation initiated Elliott Wave 3.
What's particularly noteworthy is how well the technical indicators have aligned throughout this process.
The Fibonacci extension tool accurately predicted where gold would peak in 2020. After reaching that peak, gold entered a new period of consolidation and sideways movement as we moved into the new years.
Once again, it appears we've entered another phase of Elliott Wave 3 and will probably soon have a minor correction or sideways time period before going into wave 5.
Looking ahead, my long-term projection for gold suggests a potential peak between $3,200 and $3,500, likely around 2026.
Only time will tell!
Thanks for reading, and make sure to follow me here on tradingview and on X for more updates as we progress: @PuppyNakamoto
CAPITALCOM:GOLD TVC:GOLD MCX:GOLD1!
Gold is set to rise - Bullish Momentum Ahead!Welcome to another analysis, where we dive into the latest market trend and chart the potential path ahead for GOLD !
So is gold a good long-term investment? In my view, the short answer is YES .
Gold is likely to continue rising in the coming years due to several fundamental factors. Firstly, ongoing global economic uncertainty, including inflation concerns and geopolitical tensions, often drives investors toward gold as a safe-haven asset. Central banks around the world are also increasing their gold reserves, reflecting confidence in its long-term value.
If we examine the consolidation period between 2016 and 2019, we can see that the breakout from this consolidation initiated Elliott Wave 3.
What's particularly noteworthy is how well the technical indicators have aligned throughout this process.
The Fibonacci extension tool accurately predicted where gold would peak in 2020. After reaching that peak, gold entered a new period of consolidation and sideways movement as we moved into the new years.
Once again, it appears we've entered another phase of Elliott Wave 3 and will probably soon have a minor correction or sideways time period before going into wave 5.
Looking ahead, my long-term projection for gold suggests a potential peak between $3,200 and $3,500, likely around 2026.
Only time will tell!
Thanks for reading, and make sure to follow me here on tradingview and on X for more updates as we progress: @PuppyNakamoto
CAPITALCOM:GOLD TVC:GOLD MCX:GOLD1!
Gold Price XAU-USD I am closely monitoring W-bottom on 1m & 2m Breakout imminent on Gold XAU-USD need to break the top of W...'neck-line'
XAUUSD_2024-08-16_00-07-49_01a01.png
Plan of trade: Buy the break-out of price action past neck-line.
The market-makers love to pull price back before it breaks.
Good luck!
Cheers
Chris
Be aware that Silver is probably the better buy today and platinum...chart analysis. Either way lets wait for the break.
8.15 Gold Trend AnalysisThe newly released industrial unemployment claims and retail sales did not meet expectations, which led to a significant negative impact on gold. Gold fell from 2469 to 2450 in an instant. This also happened to apply the short-selling stop-profit signal I sent in the group to be set at 2450.
In the data released in the past two days, gold has been mainly shorted, which also happened to be in line with the predictions of me and my team
In the future, I will also release the latest news every day. I hope everyone will pay more attention to the comments
I wish everyone can make their own profits in the market
If you have order losses and are not familiar with the market, please pay attention to me
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.
Gold recovers from the decline of the news☘️Fundamental Analysis
Gold prices regained momentum in Asian trading on Thursday, reversing some of the previous day's sharp decline from a record high. The risk of a wider conflict in the Middle East, along with growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting cycle in September, became key factors providing some support to the precious metal.
Meanwhile, expectations of a July rise in US consumer prices have forced investors to scale back their expectations for more aggressive policy easing. This has led to a further recovery in US Treasury yields, supporting the US dollar (USD) on an overnight rebound from a monthly low and could act as a drag on gold prices amid a generally positive risk-on sentiment.
☘️Technical Analysis
From a technical perspective, the overnight low, around the 2,438-2,436 region, now looks to protect the downside ahead of the $2,424 region or the weekly low hit on Monday. Some follow-through selling could leave Gold vulnerable to further weakness below the $2,400 level.
Meanwhile, the oscillators on the daily chart are holding in positive territory and supporting the bullish outlook. That said, any further upside move is likely to face some resistance near the $2,471-2,472 region ahead of the $2,483-2,484 region or the all-time high hit in July. A further rally above the psychological $2,500 mark would confirm a breakout through the wide trading range.
You should pay attention to the EMA critical zone around 2420, and pay attention to the zones for long-term gold BUY signals in the context of many economic and political fluctuations. Although gold has decreased, the RSI index is still in the positive zone and shows that the buyers are ready to return at any time.
SELL zone 2459 - 2461 stoploss 2465
SELL zone 2469 - 2471 stoploss 2475
BUY zone 2443 - 2441 stoploss 2437
BUY zone 2426 - 2324 stoploss 2420
xauusd long FUNDAMENTALLY;
persistent inflation concerns drive investors to gold
geopolic tensions make gold as a safe haven
cpi came as negative which devalue from the dollar
technically ;
BULLISH TREND
BREAK OF THE SUPPLY AND DEMAND ZONE
A DEEP RETEST ON THE DAILY zone
PRICE ABOVE THE SMAES
HIGH BULLISH VOLUME
PRICE IS ON A MONTHLY S/D ZONE
M LOOKING FOR SHRINKING CANDLES
MULTIPLE REJECTIONS
FEB RETRACEMENT EITHER 368 OR 50
A LONG WICK DOji CANDLE ON THE 4H FOR my ENTRY SIGNAL
1H DOUBLE BOTTOM
30M ENGULFING OR A VARIATION CANDLE
RM;
1%RISK
4.1 RRR
SCALING IN USING BOH setup while trailing in my stops
ps advice :
follow your plan and only
think of the setup itself not the money
manage risk vs reward
XAU/USD: Don’t chase the highs, beware of retracement risksGold market fundamentals:
The market believes that the Fed will definitely cut interest rates in September, but the uncertainty is whether it will be 25 basis points or 50 basis points.
The decline in U.S. bond yields and the low dollar index make gold more attractive to investors holding other currencies, providing some support for gold prices.
In addition, the geopolitical situation in the Middle East remains tense, which also provides safe-haven support for gold prices.
Technical aspects of the gold market:
With the rise of today's Asian and European sessions, the gold price is now above 2440 points, and the resistance of 2430-2440 has been broken. The nearest resistance above is the previous high of 2458. From the trend of the daily chart, the 4-hour chart and the 1-hour chart, it is an upward trend, so it is sufficient to continue to be bullish in the general direction. In the short term, due to the pull-up of today's Asian and European sessions, the price is at a high level. I think it is very likely to rise again after a correction in the short term.
Trading strategy:
I will not chase the rise today, but consider buying when waiting for the pullback support.
Support range: 2425-2435
Resistance range: above 2458
Daily risk data: US New York Fed 1-year inflation expectations in July
8.14 Gold Market AnalysisThe market trend is well controlled and the market ends perfectly.
The CPI annual interest rate report just released is lower than expected, which is a positive for gold. However, gold has fallen sharply, which is beyond the expectations of most people!
This also confirms my previous guess that if the resistance point of 2480 is not broken, gold will fall all the way. I will short sell decisively in the later stage and leave the market perfectly.
Today's profit is 7000+
Buy Gold (Xau/Usd) Bullish FlagThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2474, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2496
2nd Support – 2506
Stop-Loss: To manage risk, place a stop-loss order below 2450. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD: 13/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2418-00
Four-hour resistance 2500, support below 2459-2439
Gold operation suggestions: There are too many uncontrollable news about gold in the near future. Yesterday's Middle East news stimulated risk aversion, and gold reached 2477.
From the current market trend, the support below is moved up to the previous highs of 2459-2439. If the bulls are established for the second time, this position is also likely to get the top and bottom conversion effect again. The focus is still on the strength of today's European session. If the European session is relatively strong, the upward trend can still continue before the US session. The upper target is the previous high, and the previous high is maintained near 2483 and 2477. This wave of upward movement is also likely to form a triple top pattern, thereby reshuffling the market on a large scale for longs and shorts, and the key suppression area above will also be maintained near the high point.
Key point: You can try to go long at the one-hour 2459 and four-hour 2439 supports, but you must set a small SL for going long. Beware of extreme market declines like waterfalls.
BUY:2459near SL:2455
BUY:2439near SL:2434
BUY:2401near SL:2397
Technical analysis only provides trading direction!