Gold and important resistance $2,600In the monthly time frame, we see the formation of a descending angle pattern. The ranges of 2,500 and 2,600 dollars can be considered as the main resistances of gold. It is expected that after the price hits the ceiling of the corner pattern, we will see correction and fall in gold.
Goldshort
Xauusd sell 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 2502
Support 2480
Resistance 2515
Confirm signal
Will Gold Prices Bounce Or Slide?The gold market is currently experiencing high volatility, making it essential to exercise caution. Key levels to watch:
- Break above 2523: Potential buying opportunity
- Break below 2518: Potential selling opportunity
Traders are advised to closely monitor these levels and adjust their strategies accordingly. Stop-losses (SLs) are recommended to mitigate risk.
Stay vigilant and adapt to market changes to capitalize on potential trading opportunities.
Xauusd Gold consolidates before a sustained break above $2,530
Gold price has returned to the red but remains within this week’s familiar range above $2,500 early Wednesday. Gold price replicates the negative action seen during Tuesday’s Asian session, awaiting speeches from US Federal Reserve policymakers for fresh hints on the interest-rate outlook.
Gold buyers need to recapture the record high of $2,532 to take on the next key barrier at the $2,550 level.
Gold now buy 2510
Support 2515
Support 2520
Support 2532
Resistance 2500
GOLD - still valid short ? what's next??#GOLD - so far market perfectly holding our resistance region that was discussed in our video analysis.
and guys keep in mind that that is still valid short and until market holding our above resistance region.
IT WILL NEVER EVER BREAK OR CLEAR 2535 BEFORE ANY NEWS FROM WAR SIDE OR UNEXPECTED INTEREST RATE SIDE.
keep close and don't go for a long , yes you can do it for scalp or in shorter time frame.
stay sharp.
good luck
trade wisely
Xauusd chart Gold (XAU/USD) trades up into the $2,520s on Monday, as a combination of safe-haven demand sparked by rising geopolitical tensions in the Middle East, and increased confidence US interest rates will track lower in the medium-to-long term, make the non-interest paying asset more attractive to investors.
Gold buyers need to recapture the record high of $2,532 to take on the next key barrier at the $2,550 level.
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 2522
Support 2530
Support 2544
Resistance 2512
Resistance 2500
Gold short If the new record high of $2,510 is reclaimed on a sustained basis, the next relevant topside target is seen at the $2,550 level. Acceptance above the latter could challenge the $2,600 round level en route to the triangle target, measured at $2,660.
In light of the dovish Fed expectations, Gold price rallied to a fresh record high of $2,509 on Friday, further supported by rife tensions in the Middle East. An imminent Iranian attack on Israel loomed, as Hamas mulled over ceasefire talks with the latter.
Gold now buy 2501
Target 2510
Target 2530
SL 2480
Sale of gold at the current priceOn the monthly chart earlier gold overcame a trend line (2143) up. However growth strongly slowed down, indicators showed a turn down long ago. I expect return of the price to a trend line in the nearest future.
Sale = 2394
Purpose = 2171
Information provided is only educational and should not be used to take action in the market.
+$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
Technical analysis of goldIn the monthly time frame, the price has multiplied to the ceiling of the channel for the second time. In the same price range, Fibonacci 1.1618 of the previous wave has also been hit. You can show a 5 wave formation and we are a divergence between wave 3 and 5.
It is expected that the price will experience a correction.
Emerging Pattern: Is Gold a Short or Long Opportunity?Good day Traders,
Trust your day is off to a great start.
Here is my analysis of the gold market.
1. Pattern : emerging bullish butterfly with 1% tolerance.
2. Completion : The pattern is projected to attain completion at point D, which is approximately at 2334.638 on the chart, which is why we are considering short position.
3. PRZ Zone : The potential reversal zone in anticipation of a bullish reversal ranges from 2334.638 to 2261.280. This where we intend to close our short trades
4. Target Levels : The targeted levels are T1 at 2401.823, T2 at 2370.158, and T3 at 2335.314.
5. Entry : I am looking to confirm a break and close below 2452.511 price region downwards, with solid market resistance before entering the sell trade. Why wait for a break and close below 2452.511? The broken H1 supply zone could act as a demand zone thus pushing price upwards.
6. Invalidation : Should there be a break and a close above the H4 supply zone at 2483.74, this would invalidate the setup and the associated trade idea.
Please note : Rising tensions in the Middle East can increase demand for gold (thus increasing its price further) as investors seek to protect their capital from potential market volatility.
Cheers and happy trading!
Gold will fall to 2419.00 - 2430#XAUUSD Update..!
Short | bear movement ⚠️
Gold already reaches the highest level of gold and breaks the Market structure already. A local bearish movement is confirmed. But I have doubts about the Candle which came from the manipulation area.
However market structure breaks with the same direction Fvg block. So that means Fvg is high value. I expected The market will reach the 2416 - 2430 zone with next few hours.
use at your own risk
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.