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❓ New ATH for GOLD? Multitimeframe context ❓Bullish confluence for GOLD on MTF, LTF and HTF Expecting new ATH next week ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
OANDA:XAUUSDLong
by Yelli_trades
4
XAU/USD Intra Day/Week Play - 27/05/2024With gold being at all time highs our analysis on this week's play was carried out on the Daily and 4hr to set a respectable tone to price action and what we anticipate seeing over the coming day(s) / week. On the daily we see that price has finally exhaused itself to complete its upward move to the extreme supply zone of 2,440.372 and has now started to retrace back to key demand levels leaving behind it some imbalances on the daily and 4 hour. Overall the ema's all support a bullish direction to which I believe we will continur but not before tapping into the unmitigated bullish order block at 2,317.065 and then heading upwards to seek out the extreme supply zone levels of 2,432.198 This all supports the inverse corrolation we anticipate happening with the greenback on this week's analysis also which can be seen below. We are aware that CPI and Unemployment claums will greatly impact this technical analysis so it will be interesting to see how this week plays out. Let me know your thoughts on this. Hope you have a great week ahead. Happy Trading. The FX Capital Club.
OANDA:XAUUSD
by FXCapitalClub
Xauusd confirm sell Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold now sell 2338 Target 2330 Target 2318 Target 2305
OANDA:XAUUSDShort
by JohnHarry_7
1
GOLD (interest rates would remain elevated for a longer period)Gold prices fell to a one-week low on Thursday, marking the third consecutive session of decline. This drop is attributed to profit-taking following the release of the Federal Reserve's latest meeting minutes, which suggested that interest rates would remain elevated for a longer period. Technical Analysis of Gold: The price of gold declined after breaching the 2410 level, hitting our previously mentioned targets. Currently, gold maintains a bearish outlook, likely to reach 2354 and 2344 due to the ongoing high inflation rates addressed by the Federal Reserve. However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388. Pivot Price: 2369 Resistance Levels: 2388, 2397, 2410 Support Levels: 2354, 2328, 2308 Today's anticipated trading range is between the support level at 2344 and the resistance level at 2388. Previous idea:
OANDA:XAUUSDShort
by SroshMayi
1
XAUUSD Forecast - Short Term SellThe chart shows the 4-hour candlestick pattern for Gold Spot (XAUUSD) against the US Dollar on the OANDA platform, with the current price at approximately $2340.26. Key Observations: 1. Current Price and Recent Movement: - The current price is $2340.26. - The recent price action shows a decline of 1.16%, indicating a short-term bearish trend. 2. Trendline and Support Levels: - There is a clear ascending trendline that has been acting as support since early April. - The price has recently broken below this ascending trendline, suggesting potential further downside. 3. Support and Resistance Levels: - Immediate Resistance: Around $2397.515, where the price has previously encountered resistance. - Immediate Support: At approximately $2279.895, a previous low and potential support level. 4. Possible Scenarios: - Bullish Scenario: - If the price manages to hold above the immediate support at $2279.895 and breaks back above the ascending trendline, it could retest the resistance at $2397.515. - Bearish Scenario: - If the price continues to fall and breaches the support at $2279.895, it could see further declines. 5. Volume and Market Sentiment: - The recent drop below the trendline with a significant decline suggests a bearish sentiment in the market. - Monitoring volume and any potential reversal patterns around support levels will be crucial for determining future price movements. Summary: The 4-hour chart for XAUUSD shows that gold is currently experiencing a bearish trend, having recently broken below a significant ascending trendline. The price is facing immediate resistance at $2397.515 and has support at $2279.895. The breach of the trendline suggests potential further downside unless the price can reclaim this trendline and move higher, targeting the resistance. Traders should watch for a possible rebound at the support level or a continuation of the bearish trend if support fails to hold.
OANDA:XAUUSDShort
by The90sTraderOfficial
GOLD (Continuation of Bearish Trend )Technical Analysis of Gold: Continuation of Bearish Trend with Key Levels The price maintained its bearish trend from yesterday, as indicated in our previous analysis starting from 2369, successfully hitting all our targets. The downward pressure remains intact, aiming for 2327 and 2304, provided the price continues to trade below 2354. A retest up to 2354 is possible, after which the bearish trend is expected to resume. However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388. Pivot Price: 2344 Resistance Levels: 2354, 2369, 2388 Support Levels: 2327, 2318, 2302 Today's anticipated trading range is between the support level at 2305 and the resistance level at 2369. Previous idea:
OANDA:XAUUSDShort
by SroshMayi
Gold Going In Sell TodayGold prices dropped to around $2,370 per ounce on Thursday, extending its decline, after investors pulled back their expectations of rate cuts amid hawkish tones from the Federal Reserve. Minutes from the latest Fed meeting showed that policymakers generally felt that it would take longer than previously anticipated to gain greater confidence that inflation is moving towards 2%. This was broadly consistent with the recent comments from several Fed officials advocating policy caution despite recent data suggesting an easing of US inflation. Higher rates decrease the appeal of gold, yet increasing price pressures boost its attractiveness as a hedge against inflation.
OANDA:XAUUSDShort
by Forex_Master-
1
Is gold or silver the trade to make this week? This week's trade could be a decision between gold and silver. The former might be swayed by the seven fed officials that are planned to speak this week, while the latter could be influenced by the #SilverSqueeze movement that is tangentially related to the meme stock frenzy that reignited last week. Gold Technical Gold (XAU/USD) prices rose at the end of the week but did not quite test the all-time high around $2,431. Gold is trading well above the 20 Simple Moving Average (SMA), with the 100 and 200 SMAs maintaining bullish slopes much below it. Renewed buying pressure beyond $2,413 might push prices above the $2,420 mark. Silver Technical Silver (XAG/USD) is nearing the multi-year high at $31.40. A significant break at the end of the week saw Friday's sharp rise validate the break above the multi-year trendline. The challenge for the coming week is whether silver can maintain this bullish momentum despite entering overbought territory. The frenzy we saw in meme stocks might be dampening down too, with 2 days of declines following the surge. But it might be premature to count anything out yet. The 14-period Relative Strength Index (RSI) is in the range of 70.00, possibly suggesting bullish momentum. The next resistance level is $31.50 from May 2011. In this fundamentally detached market, the next support could lie all the way back at where the metal was trading before the surge.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD ANALYSISResistance Line: The chart shows a resistance line (marked in the image) that the price has been unable to break through. This resistance level indicates a strong area where selling interest surpasses buying pressure. Traders often pay attention to such levels as they can influence future price movements. Price Channel: Within the chart, there is a defined range where the price has been fluctuating. This range is marked as the “price channel.” Recently, the price broke above this channel and reached near the resistance line (indicated by the orange arrow). However, it faced rejection at that level. Potential Downside: The orange arrow points downward from the recent peak (around 2478.16 USD) to a potential target near 2374.50 USD. This suggests that there might be a decline in price from the current levels.
OANDA:XAUUSDShort
by joestar95
XAUUSD Bullish scenario - 4HRSimple trading - Cup and handle pattern Watch gold to see if the handle will be filled. I have marked the probable retracement using the FIBB (purple lines) If gold manages to hold above .618 or 2340 we can look to continue buying. With the DXY making its way back up after testing previous support (104.05) it is only a matter of time before GOLD gets the pullback it deserves. If GOLD wants to remain bullish on the macro level it needs to make a macro pullback to gain its momentum. This week Powell gave the dollar a bullish outlook for the remaining quarters. With a natural dollar into Q2, start taking profits on buys and get ready for more sell pressure in the markets. **Gold bearish scenario will come out this weekend if gold remains below 2400. These are just my thoughts, not financial advice.
OANDA:XAUUSD
by nikdobii
CPI signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold now buy 2364 Target 2400
OANDA:XAUUSDShort
by JohnHarry_7
GOLD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. more chances on continuation! Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
TVC:GOLDShort
by TheGrove
1
Gold → a manipulation hello guys... I think gold broke the channel and touched the middle line of the next channel at the same time it hunted (the yellow circle) the last high! (I've shown it by the dashed line!) so it is possible to touch the previous level that has been hunted! the next target is the blue area! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
5
GOLD Shorts (from 2390 back down towards 2320) My gold analysis suggests potential selling opportunities either from the current price level or at 2390. This decision is influenced by the fact that price has now entered a strong 8-hour supply zone, which is at a premium level. Additionally, despite the bullish momentum observed in price recently, there has been a noticeable slowdown in momentum on lower time frames, particularly noticeable on Friday. I'll be particularly attentive to a liquidity sweep around the 2390 level, where the Asian high resides. Once this liquidity is absorbed, I'll be actively seeking favourable selling positions aiming towards the next demand zone. This approach aligns with my broader view of the gold market, which is currently bullish. Confluences for GOLD sells are as follows: - Price has slowed down after an impulsive move last week indicating a correction. - Price is inside an 8hr supply zone and wyckoff distribution is playing out. - Imbalance and liquidity below that needs to get mitigated. - Demand zone on the 19hr around 2320, looking interesting for the next rally. P.S. Should gold break through this entire supply zone and access the liquidity above next week, I'll adopt a strongly bullish stance. My focus will primarily be on identifying nearby demand zones to initiate buy positions. Have a great trading week guys!
OANDA:XAUUSDShort
by Hassan_fx