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Gold Futures Dip as Market Awaits Fed Chair's JacksonHole SpeechGold Futures Edge Lower on Profit-Taking as Market Awaits Fed Chair’s Speech Gold markets remain relatively calm for now, but this is expected to change as the week progresses with the release of the latest Federal Reserve minutes and Fed Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday. Technical Analysis: Gold Current Outlook: The price has retreated from the resistance level at 2,525 and continues to trade below this key line. Bullish Scenario: For the next bullish trend to begin, gold must break through 2,525, which could lead to a rally toward 2,543 and potentially 2,558. Bearish Scenario: While the overall bearish trend is distant, a strong correction could occur, driving the price down to 2,484 or 2,475. However, as long as the price remains above 2,475, the bullish trend is expected to resume. Key Levels: Pivot Line: 2,509 Resistance Levels: 2516, 2525, 2543 Support Levels: 2500, 2484, 2475 Expected Trading Range Today: The price is expected to fluctuate between 2,525 and 2,484. Trend: Bearish correction
OANDA:XAUUSDShort
by SroshMayi
Gold | H1 Long Term PositionGold | H1 Long Term Position Hey guys .. Hope you are doing well its been long time let start our day Current point at 2512.00 - This Analysis based on Educational Purposes - Trend line shows the clear path ways - Resistance at 2519.00 - Support levels are at 2505 - 2499 - 2492 - 2486 - 2483.00 - Try to open small lots and hold until you matched your desire profit - bearish cycle should have been completed Accordingly to our Analysis.. cheers and wait for our next update
OANDA:XAUUSDShort
by professionaltradersfx
XAUUSD: Buy again during the wait for the pullbackGold Market Fundamentals: The current rise in gold prices reflects the market's intense focus on Fed policy. The market widely expects a rate cut in September, with a 77.5% chance of a 25 basis point cut and a 22.5% chance of a 50 basis point cut, which supports gold prices. This week's focus is on the Fed's policy minutes and Powell's speech at the Jackson Hole Symposium, which will provide crucial insights into future monetary policy and influence gold's direction. Despite gold hitting new highs, several Asian banks have received new gold import quotas from central banks, indicating increased demand for safe-haven assets. The stalemate in negotiations between Israel and Hamas, along with Israel's attacks on Hezbollah in Lebanon, has escalated tensions in the Middle East, further boosting demand for gold. Gold Market Technicals: Gold has reached a new all-time high today, with no resistance above. As long as bullish momentum outweighs bearish pressure and there are no significant news events, prices are likely to continue rising. On the downside, focus on support near previous highs and the 2500 level. Trading Strategy: Based on the above analysis, maintain a bullish outlook today. Continue to approach high-level trading with caution, waiting for pullbacks to buy within the lower support range rather than chasing the rally. Support Range: 2500-2508, 2460-2475 Resistance Range: No resistance at historical highs If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
OANDA:XAUUSDLong
by AntonyTP
Gold 3 Sellside to be taken• Gold Hits Record High: Gold rose above $2,520 per ounce on Tuesday, setting a new record high. • Less-Restrictive Monetary Policies: Expectations of less-restrictive monetary policies by major central banks are driving the demand for safe-haven assets like gold. • US Fed Rate Cut Expectations: Continued disinflation in the US has raised expectations of 100 basis points in rate cuts by the Federal Reserve this year. • Global Central Banks Easing: Other major central banks, including the Swedish Riksbank, PBoC, ECB, and BoE, also lower rates, reducing the opportunity cost of holding non-interest-bearing assets like gold.
OANDA:XAUUSDShort
by wallstreetwolfx
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our analysis playing out perfectly. Yesterday after hitting the retracement range we got the bounce and advised that it was heading for 2509. - 2509 was hit perfectly followed with cross and lock opening 2519 and potentially 2533, should momentum allow. 2519 was also hit today and upto 2532 slightly short of 2533. Just beautiful how the analysis played out. We are now seeing 2500 Goldturn provide support and will like to see new the upper levels retested. Failure to break into 2533 will follow with a stronger rejection. We are likely to see price range between these weighted levels to establish a range before breaking out. We will confirm the breakout with our cross and lock strategy above or below the weighted levels to confirm direction. 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 2509 - DONE EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2519 - DONE POTENTIALLY 2533 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2488 (DONE) - 2472 EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE SWING RANGE 2458 - 2446 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
4
8.2 Analysis of gold trend operationAfter hitting the peak of 2530 on the 20th, gold fluctuated at a high level and finally quickly pulled back. Currently, it is 2505 points. Yesterday, gold failed to hit 2530 several times. The last time it hit 30, it quickly fell back. This also shows that the bulls may continue to hit the high point after the pullback. The key downward support point is 2500. If it falls below 2500, look at 2490 / 2480 below. Resistance points are 2520, 2530, and 2550. What do you think about gold? Welcome to like and comment.
TVC:GOLDLong
by David_strategy
Gold (20/8) sets new ATH around 2520Fundamental Analysis Gold prices extended their bullish momentum with a new high just set around 2520. Traders now appear reluctant and want to wait for further signals on the Federal Reserve’s (Fed) interest rate cut roadmap before positioning for the next step of a directional move. Therefore, the focus will remain on the release of the July FOMC meeting minutes on Wednesday and Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium on Friday. The risk of further escalation of geopolitical tensions in the Middle East and the protracted war between Russia and Ukraine will continue to support XAU/USD. This, in turn, warrants some caution for bearish traders. Technical Analysis From a technical perspective, the price action within the range has broken out of the bullish consolidation phase, After breaking out around the $2,509-2,510 area to set a new ATH, gold is now stabilizing around 2,520. Our SELL entries are focused on the round port areas and the best Fibonacci resistance around 2,533 On the other hand, the horizontal resistance of $2,472-2,470 now looks to protect the immediate downside. Any further declines could attract new buyers and remain limited to the $2,448-2,446 area. Resistance 2533 2540 Support: 2494 - 2488 - 2481 - 2475 SELL price zone 2533 - 2535 stoploss 2539 BUY price zone 2477 - 2375 stoploss 2471
OANDA:XAUUSD
by TVS-Trader
Gold is Roaming around , preparaing itself for bullish movementHello 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
OANDA:XAUUSDLong
by ForexMasters2000
8.20 Gold Trend Analysis2500 Golden Era has officially stabilized and will move towards 2600 in the future Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches the bottom, it can be bullish In addition to the geopolitical situation, everyone is currently pinning their hopes on the trend of gold on Friday when Fed Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting Support level 2515 2510 2500 Resistance level 2525 2535 2550
TVC:GOLDShort
by David_strategy
XAU/USD Gold has potential (Updated)Hi everyone, this post is written to improve and update my previous idea on Gold. You can check my previous idea... but this post will cover it all anyways. To skip the long read, I've summarized the idea at the end. I'll start with a broad overview to keep things clear... And as time passes, and gold plays out, I will update the post to include more solid ideas. This time, I've zoomed out the older snapshot from the other post since gold is trying to break out of this 10-year trend. In my understanding, recently politics are getting heated, more and more people are turning their capital into Gold. And given that it is already at an all-time high, it is possible that this trend can be broken. With that said, this post will solely investigate the technical analysis aspect of Gold. I'm writing this idea to predict whether the ongoing bullish behavior will continue or not, rather than to find an entry point. In my previous analysis, this was the general trend over the long term (almost 10-year trend). It showed resistance as I expected (2450). Of course, it is such a strong trend and sell pressure was expected. 1st time it got rejected at 2450 but after 1 months of recession, recently Gold fired back up to 2500 for the 2nd time. And as of right now, it is trying to break out of this 10-year trend. If it does continue going up, 2700$ is where I am expecting to see some actual resistance. To confirm this as a breakout I have looked at the possible uptrend driving the price which I've approximately shown as the pink trend, within the 10-year trend. Inside the pink trend, the trend shown with white is the bullish trend that started in 2023 and is going on since. This trend does also indicate that with the current momentum, reaching 2700$ is possible. But we have to keep track of the price as Gold may face some resistance between 2545-2575$ as stated on the next image. This is the YTD view. Within the white steep uptrend, I believe Gold is currently rising within the channel shown. Pink line shows approximately the upper boundary of the bigger trend from the previous view. Recently Gold gained pace and even broke out of this pink resistance zone, starting another uptrend after months of trying. We can't be certain of anything at the moment. For the time being, I won't go into more short-term analysis, because more information is needed and currently it has a clear upwards momentum. If we do indeed reach around ~2570 than a more detailed lower timeframe analysis can be helpful to see if it can continue moving up. I will update this post from time to time, as more information is necessary. Predictions, today, Aug 20, some resistance around 2530$ 2-3 day target 2545-2550$ overall target; if it does continue bullish 2700$, and in years target (~4000?) Just to keep in mind, If it fails to keep these levels and a reversal happens, It is possible that for months it can go back to 2200$ for a retest. Even though I think it is less likely, if a lot of sell pressure happens and the pink trend cannot be broken. More sell pressure will be added when Gold falls below 2400$ and eventually can end up following a trajectory like this. In either case Gold has huge potential on the long run, and I don't think it is wise to risk shorting Gold anytime soon. Please do your own research before taking any risks.
OANDA:XAUUSDLong
by Kivvwi
GOLD Analysis | Intraday Chart ForecastHi Traders! Gold prices rose to a record early on Friday as the dollar and yields fell on firming expectations the Federal Reserve is ready to begin lowering interest rates as U.S. inflation eases. Gold for December delivery was last seen up US$27.40 to US$2,519.80 per ounce, topping the record high of US$2,507.80 set on Tuesday. The rise follows on economic data this week showing inflation slowed last month while retail sales surged, easing recession worries while strengthening expectations the Federal Reserve can begin cutting interest rates, which are at a 23-year high, when its policy committee meets next month. "Gold's data dependency remains paramount, as jobs, inflation, and economic data all have the potential to clarify the Fed's path and future monetary policy," Christopher Louney, a commodities strategist at RBC Capital Markets, said in a note. The dollar moved lower, with the ICE dollar index last seen down 0.27 points to 102.71. Treasury yields also fell, with the U.S. two-year note last seen paying 4.056%, down 4.5 basis points, while the yield on the 10-year note was down 2.4 basis points to 3.891%. From technical point of view, Trend is bullish and if we look at 1H chart, Gold is forming impulsive structure 12345. If this analysis is correct, in the short term GOLD should trigger a corrective structure (Wave 4) before another bullish leg. Thank you for watching.
OANDA:XAUUSDLong
by TheAnonymousBanker
7
Gold's Explosive Breakout: Is $2,550 the Next Stop?Updated Technical Analysis: XAUUSD (Gold Spot) 1. Market Structure and Key Patterns Weekly Flag Pattern (Higher Time Frame) Formation: On the 4H chart, we observe a textbook weekly flag pattern where the price consolidated in a downward-sloping channel (flag) after a strong bullish move (flagpole). This consolidation usually represents a temporary pause in the overall bullish trend, with a potential breakout to the upside signaling a continuation. Breakout Confirmation: The price has broken out of this flag, aligning with the broader market's bullish sentiment. This is a key signal for continuation traders, suggesting that the previous consolidation phase is complete, and the market may be resuming its upward trend. Ascending Channel (Lower Time Frame) Channel Dynamics: On the 15M and 1H charts, the price has been moving within an ascending channel, which indicates a series of higher highs and higher lows—a sign of a bullish trend. This channel has been respected multiple times, indicating that the market participants are recognizing and trading off this structure. Channel Breakout: The breakout above the channel’s upper boundary is critical, as it suggests that the bullish momentum is accelerating. This breakout aligns with the breakout from the weekly flag, adding confluence to the bullish outlook. 2. Key Levels and Liquidity Zones (LQZ) Resistance Zone (Broken) Previous Resistance: The blue rectangle on the chart marks a significant resistance level where the price previously struggled to break above. After several attempts and consolidations near this zone, the recent breakout indicates that the sellers have been overwhelmed by buyers. Potential Retest Area: The broken resistance could now serve as a support level. A retest of this zone could provide a high-probability entry for traders looking to join the trend. This area is crucial for validating the strength of the breakout. Liquidity Zones (LQZ) LQZ at $2,485 and $2,477: These zones, identified on the 15M chart, are areas of high trading activity, often leading to significant price reactions when revisited. The price did not retrace deeply into these zones before the breakout, indicating strong bullish momentum. 3. Implications of the Breakout Momentum Shift: The breakout above the resistance zone at approximately $2,509-$2,510, followed by a rapid upward move to $2,520, indicates a shift in market sentiment. The rapidity of this move suggests a possible short squeeze or significant buying interest pushing the price higher. Potential Targets: Short-Term Targets: Immediate resistance can be anticipated near psychological levels like $2,525 and $2,530. These levels often act as short-term hurdles where some profit-taking might occur. Longer-Term Targets: Given the alignment with the weekly flag breakout, the price could aim for more distant targets around $2,550 or higher, depending on how momentum sustains. 4. Risk Management and Trade Execution Entry Strategy: Reduced Risk Entry: Awaiting a pullback to the broken resistance zone around $2,509-$2,510 for a long entry. This approach reduces the risk by confirming that the previous resistance has turned into support. Aggressive Entry: Traders could enter on any minor pullbacks within the ongoing momentum, with stops placed just below the breakout zone or recent swing lows. This is riskier but capitalizes on the strong momentum. Stop Loss Placement: Below Breakout Zone: Stops should be placed just below the $2,509 level to protect against a false breakout. Alternatively, more conservative stops could be placed below the previous swing low around $2,497-$2,500, depending on risk tolerance. Trailing Stops: As the price moves in your favor, consider trailing the stop loss below higher lows on lower time frames (15M or 1H) to lock in profits while allowing the trade to breathe. 5. Momentum and Volume Analysis Volume Confirmation: Look for volume spikes accompanying the breakout. Higher volume supports the legitimacy of the breakout, whereas a lack of volume could suggest a potential for a pullback. 6. Mass Psychology and Sentiment Sentiment Dynamics: The breakout could be driven by a shift in market sentiment, with traders and investors who were previously on the sidelines now entering the market. This FOMO (Fear of Missing Out) can fuel further buying. Contrarian Signals: While the breakout is bullish, be wary of excessive euphoria. A sudden surge in buying could be followed by a sharp pullback as early buyers take profits. Monitoring sentiment indicators and social media trends can offer additional insights into potential sentiment extremes. Conclusion The current technical setup for XAUUSD is strongly bullish, with the breakout confirming the potential for further upside. However, risk management remains crucial, particularly in ensuring that stop losses are placed appropriately and that any pullback is closely monitored for signs of support. The alignment of the weekly flag breakout with the shorter-term ascending channel breakout adds significant weight to the bullish case, making this a high-probability setup for continuation trades.
OANDA:XAUUSD
by Adlercon333
3
Gold Price Analysis August 19Fundamental Analysis Gold prices remained on the defensive in early European trading on Monday, although they held above $2,500 and remained within striking distance of their record highs. Growing expectations that the Federal Reserve (Fed) will begin lowering borrowing costs in September triggered a fresh decline in US Treasury yields. This, in turn, dragged the US Dollar (USD) to its lowest level since January and acted as a boost for the non-yielding yellow metal. In addition, the risk of escalating geopolitical tensions in the Middle East and the protracted Russia-Ukraine war contributed to limiting the decline in the safe-haven commodity. However, traders appeared reluctant to place fresh bets on Gold prices, preferring to wait for further signals on the Fed’s rate cut path. Therefore, the focus remains on the release of the FOMC meeting minutes on Wednesday and Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium. Technical Analysis From a technical perspective, Friday’s breakout above the $2,470-2,472 horizontal barrier and subsequent strength above the previous all-time high is seen as a fresh impetus for bullish traders. Furthermore, the oscillators on the daily chart are holding in positive territory and are still far from overbought territory, suggesting that the path of least resistance for Gold prices is to the upside. That said, the failure to build momentum above the psychological $2,500 mark warrants some caution for the bulls. Therefore, it would be prudent to wait for some follow-through buying above Friday’s time-allowed top, around the $2,509-2,510 region, before positioning for any further gains. On the other hand, the $2,472-2,470 resistance level currently seems to protect the immediate decline. Any further decline is likely to attract fresh buyers and remain limited in the $2,448-2,446 zone. The latter will act as a key pivot for short-term traders, a decisive break of which will open the way for deeper losses. Resistance: 2509 - 2519 - 2533 Support: 2495 - 2488 - 2475 - 2470 SELL scalp price zone 2508 - 2510 stoploss 2514 SELL price zone 2532 - 2534 stoploss 2538 BUY price zone 2477 - 2375 stoploss 2471
OANDA:XAUUSD
by TVS-Trader
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1h chart idea playing out perfectly, as analysed. We got the cross and lock below 2500 opening the retracement range, which was hit perfectly. This followed with the perfect bounce for a nice catch and now heading for 2509. We currently have a gap above at 2509 and will need a cross and lock above this level to open the range above. Failure to test and break 2509 level will follow with a rejection for another retracement test to the full retracement. 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 2509 EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2519 2533 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2488 (DONE) - 2472 EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE SWING RANGE 2458 - 2446 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
16
XAUUSD: Confirm support at 2480 before deciding on tradingGenerally speaking, after a sharp rise, if there is no special news, it will repeatedly step back to the support to determine whether it is possible to continue to rise. On the other hand, the current price is at a historical high, and it is hard to say that it will not fall by about $100 like the last time it broke through the historical high, so our transactions must be treated with caution. If it continues to rise next, as mentioned above, it is necessary to determine where the support is. From the 1-hour chart, the support below is far away, and only 2480 is an important support level. This is the previous resistance area and near the previous high of last month. At the same time, this support was also verified when it was stepped back last Friday. In addition, from the Fibonacci retracement of this rise, 0.618 is also at 2480. After determining the support, we will know what to do next. Now the price is still at 2500. It is safe to wait for the support to be determined. If you are more aggressive, you can also make a small position Sell order before that. Once the support is determined, we can buy near 2480.
OANDA:XAUUSDLong
by AntonyTP
XAU/USD Longs from 2,460.000 back up?As price has made new ATHs and swept that liquidity, I now expect price to retrace and come back down, as it seems like the bullish pressure will gradually die down. Once this happens, it will likely cause a correction, bringing the price back down to the 19-hour demand zone. Once price enters the zone, I will wait for a Wyckoff accumulation on the lower time frame, which will allow for a precise entry. If price breaks past the zone and enters the daily demand, then I will expect a major buyback, as it's a valid zone sitting at a cheap price. Confluences for GOLD Buys are as follows: - Price has taken ATHs, indicating that it is very bullish on both the higher and lower time frames. - A lot of liquidity has been swept, so price will likely retrace to continue its order flow. - There is a strong demand zone that has caused a break of structure to the upside. - Imbalance above the 19-hour demand zone needs to be filled before mitigating demand. - This is a pro-trend trade idea, and with ongoing wars, I only expect gold to become more bullish. P.S. If price changes character to the downside and leaves a significant supply, I will then wait for a short-term sell to take it back down toward my original POI (19-hour demand zone).
OANDA:XAUUSDLong
by Hassan_fx