GOLD (XAUUSD): Detailed Multiple Time Frame Analysis 🥇
Daily/4h time frames analysis for Gold.
Price action & key levels.
Directional bias & trading plan.
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Goldsignal
Gold continues to adjust slightly, today's trading trendWorld gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning.
World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected.
In particular, the expectations index decreased to 79.8 from 81.5. “An expectation index below 80 typically signals an impending recession,” the report said.
Currently, the market is waiting for the personal consumption expenditure index (PCE) report to be announced tomorrow (February 29). This inflation report is expected to give the market more clues about the timing of the first interest rate cut by the US Federal Reserve (Fed). Some experts predict core PCE (which strips out volatile food and energy costs) will rise more sharply than expected. If so, this will certainly be a "hot" topic that will be discussed at the next monetary policy meeting in March.
Last week, many Fed officials made it clear that the Fed does not intend to cut interest rates too soon and this view may be reinforced if the February 29 PCE report has hotter results than expected.
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
And off to a piptastic start with our chart idea playing out, as analysed.
Yesterday we stated that we have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. Both these levels were hit and complete today bouncing between the levels until one broke.
We are now seeing price at the retracement level giving plenty of bounces inline with our plans to buy dips. Ema5 has also locked below 2030 leaving the swing range now open. Although we are likely to see each level before the swing range (2025, 2020) to provide bounces.
We just have to now keep in mind the potential for further dips but ultimately we are looking for the 2036 retest again with a cross and lock to open the range above. We just need to keep in mind the range has now extended into the swing range when managing exposure against the 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 share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2036 - DONE
EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET
2044
2048
EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET
2055
BEARISH TARGETS
2030 - DONE
EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE
SWING RANGE
2016 - 2010
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Trading strategy for the new week testing the bottom and reboundWorld gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range between 2,020 USD and 2,030 USD/ounce. Kitco News' latest weekly gold survey results show that Wall Street experts are optimistic about gold in the short term.
Kitco senior analyst Jim Wyckoff also believes that gold prices this week are still stuck in the recent range. According to him, gold will move sideways and in the near term, there will be no fundamental catalyst to inspire speculators to be more active.
As the Fed's main inflation measure, the PCE index released on Thursday will be the most important information expected by the market this week. Along with that, markets will also monitor home sales, consumer confidence reports, US fourth quarter GDP reports, and pending home sales.ư
Gold Is Ready to Fall Again!!!🏃♂️Gold is moving in the 🔴 Resistance zone($2,035_$2,027) 🔴 and reacted well to the Resistance line .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to fall to at least the 🟢 Support zone($2,010_$2,002) 🟢 after the Uptrend line break.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Causes of Gold's rise and its down cycleWorld gold prices increased in the context of a British cargo ship being attacked in Yemeni waters. Since then, financial investors are concerned about escalating geopolitical tensions, which has prompted them to put capital into gold to preserve capital.
On the other hand, the market expects gold trading to be vibrant when the top consumer country, China, resumes commercial activities after the Lunar New Year holiday.
Meanwhile, the USD is affected by growing speculation that the Federal Reserve (Fed) will keep interest rates high for longer. Therefore, gold's upside potential could be created from a decline in USD prices, if Fed officials are soft in cutting interest rates.
Gold trend today, main selling trendWorld gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning.
Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled that its monetary policy had peaked, but was not in a hurry to reduce interest rates.
Fed officials noted that inflationary pressures eased and economic activity remained strong. According to the minutes, the committee wants more evidence to show that inflation continues to fall to the target level of 2% before making a decision to loosen monetary policy.
Kitco.com senior market analyst Jim Wyckoff said the minutes did not provide any additional information on monetary policy following hotter-than-expected inflation data released last week.
He said that, although a bit hawkish, the minutes contained no surprises. Recent hotter inflation reports have made the market more certain that the Fed will delay lowering interest rates until the second half of the year.
Independent metals analyst Tai Wong in New York predicts that gold will likely continue to move sideways in the short term and the information the market is waiting for will be the personal consumption expenditure (PCE) report released. announcement next week, followed by payrolls and Fed Chairman Jerome Powell's testimony in Congress in early March.
Although the gold market is struggling as expectations for interest rate cuts continue to be pushed back, according to WisdomTree market strategist Nitesh Shah, the longer the central bank delays, the risk of mistakes happening. The bigger the policy, the more this will ultimately benefit precious metals. This expert predicts that gold prices will reach 2,210 USD/ounce in the fourth quarter of this year, a new all-time high.
GOLD possible short for 1995BOS (break of structure) on 4h time frame downside. two supply zones for short i.e. 2030 & 2036, stop loss: 2040, target 2006 & 1995.
World gold price continues to decline sharply, long-term sellingWorld gold prices increased with spot gold increasing by 2.1 USD to 2,017.4 USD/ounce. Gold futures last traded at 2,029.4 USD/ounce, up 5.3 USD compared to yesterday morning.
Gold continues to recover from last week's sell-off after testing support at $2,000 an ounce. Although gold is starting the trading week with modest gains, some analysts say it will remain stuck in a range with support at $2,000 an ounce and resistance around $2,050. ounce.
Last week, both consumer and producer prices rose more than expected, putting pressure on gold. The published report shows that the threat of inflation is still persistent.
Although gold is stuck, some analysts still emphasize the importance of this precious metal. According to market analyst James Hyerczyk of Fxempire.com, precious metals are still an important safe haven asset when developments in the Middle East are increasing geopolitical instability.
He attributed gold's recent recovery to a weakening dollar and fears of rising tensions in the Middle East, which have helped boost gold's status as a haven asset. Safety is preferred.
Some other opinions believe that the possibility that the US Federal Reserve will loosen policy this year is also a supporting factor for gold and this precious metal to break out when the first round of policy easing takes place. .
🥇Gold🥇 is Ready to Go UP🚀🏃♂️Gold is moving in the 🔴 Resistance zone($2,010_$2,001) 🔴.
✅It also seems to have broken the Resistance lines .
🔔I expect Gold to at least touch the upper Resistance lines after breaking the 🔴 Resistance zone($2,010_$2,001) 🔴.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD ⇒ two same patterns!hello guys...
as you can see, two head and shoulders patterns happened, the first one experienced a weak breakdown so we cannot count on it!
the second one is a slope pattern so we should wait until the price breaks down strongly! then we can get a short position with these targets:
target1: 1996.4$
target2: 1981.7$
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XAUUSD Short (15/02/2024)As you see now price is on strong resistance and I expect it to move lower to targets 1 & 2, please use good risk management.
XAUUSD 4HR Analysis Update by OfficialKieranTrewickXAUUSD 4HR Analysis Update by OfficialKieranTrewick
A short term bullish rally meeting the key identified pivot zone for 50% QA and 200 EMA that was short lived without following action to the upside instead met with a decisive US CPI + Interest Rate release yesterday which saw the precious metal gold plummit through various support defence lines and imbalances most inds to then create a lower low of the descending channel which validates the inner trend but does not invalidate the overall bullish market structure.
Thus going forwards I will now be looking for key confirmations showing signs of price reversals not just back to the 25% imbalanced QA but to perhaps back into the depths of the channel and push to complete another QA 75% which would still validate any potential inner channel with a lower high and rejection off the top side and once again 200 EMA until we get a golden crossover with the 50, balanced out inds, fractal HTs, bullish convergence and various other signs for price increase.
🥇Gold🥇is Ready to Fall✅Gold finally managed to break the Support lines .
🔔I expect Gold to trend lower this week and be in the 🟢 Support zone($2,010_$2,004) 🟢.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD SELLHello, according to my analysis of the gold market. There is a good opportunity to sell with the break of the ascending channel as shown by the analysis. We also notice the formation of a falling peak towards the bottom, which indicates further decline in the coming days. I recommend selling from the 2070 area, where the red triangle is located. Good luck everyone.
🥇Gold🥇Will Go Down by Evening Star Candlestick Pattern📈 Gold failed to break the 🔴 Resistance zone($2,052_$2,043) 🔴and finally lost its Uptrend line.
💫 Gold has completed its pullback to the Uptrend line with an Evening Star Candlestick Pattern .
🔔I expect Gold to continue falling after breaking the Support lines , at least to the 🟢 Support zone($2,010_$2,004) 🟢.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD (XAUUSD): Detailed Technical Outlook 🥇
Multiple time frame analysis for Gold.
Price action & structure analysis.
Potential scenarios.
Trading plan explained.
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GOLD (XAUUSD): Bullish Outlook Explained 🥇
Gold nicely respected a key horizontal support on Friday.
The price formed a tiny double bottom formation and violated its neckline
during the NY session.
We can anticipate growth on Monday.
Goals: 2050 / 2055
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Gold continues to rise again, entry buy todayWorld gold prices increased slightly with spot gold increasing by 5.5 USD to 2,036.6 USD/ounce. Gold futures last traded at 2,055.5 USD/ounce, up 6.5 USD compared to yesterday morning.
World gold rose to a two-week high on Tuesday as it was supported by dollar weakness and lower Treasury yields while focus turned to the Federal Reserve's policy meeting. US State (Fed) to better understand how this agency will cut interest rates this year.
According to RJO Futures senior market strategist Daniel Pavilonis, much of gold's volatility is due to falling yields and the dollar being in the red. However, Pavilonis said that expectations about interest rate decisions also caused gold to increase.
The Fed's policy decision will be made on Wednesday. Markets are expecting the US Central Bank to leave interest rates unchanged at the end of the meeting. Pavilonis, the Fed said that, with the desire to have a stable market, the Fed may not conduct many interest rate cuts and Mr. Powell will also maintain a neutral attitude.
Data last week showed U.S. prices grew moderately in December, keeping annual inflation below 3% for the third straight month and potentially allowing the Fed to start cutting interest rates.
According to senior analyst Ricardo Evangelista at ActivTrades, the Fed's monetary policy stance is currently the most important driver of gold prices. He said that even the safe-haven appeal of precious metals cannot counter changing market expectations around central bank monetary policy.
According to this expert, the market's expectation that the Fed will actively cut interest rates could push gold to $2,200/ounce with an average annual price of up to $2,100/ounce.
Gold trading strategy today, Buy trend returnsGold prices steadied early in the US session on more safe-haven demand after a weekend terrorist attack in Jordan left three US soldiers dead.
The recent attack on US forces in Jordan threatens to spread conflict in the Middle East, when US leaders are under pressure from Congress to take action in response.
The world is anxiously waiting for the US military's response. President Biden said the US will respond. Developments in the Middle East cause gold prices to continue to rise.
However, analysts say that the continuous adjustment of market expectations about when to cut interest rates by the US Federal Reserve (Fed) could hinder the rise in gold prices.
The US Dollar Index (DXY) measures the greenback's fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), at 103.48 points.
In China, a Hong Kong court issued an order to liquidate Evergrande Group after the company failed to reach an agreement with creditors. The liquidation will be closely watched by the market.
⚡️XAUUSD CMC TRADING ⚡️ WHAT'S NEXT?GOLD has once more adhered to the upper boundary, showing resilience against the hourly resistance near the 2040 mark. Anticipating a downward movement, we foresee a retreat in prices towards the established bottom support at the 1980 level. Despite the ongoing bearish expectations, it's noteworthy that the breakout on the major trend and bullish channel persists, maintaining its validity. Confirmation of the bearish outlook remains contingent on certain factors. Additionally, the upcoming week brings significant key fundamentals that may introduce heightened volatility to gold prices.
GOLD Day Analysis | Sell SetupHello Traders, here is the full analysis.
GOLD sell pullback, GOLD is in the descending channel, making lower lows lower closes.
GOOD LUCK! Great SELL opportunity GOLD
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GOLD-analyze
Today, Friday, focus on the annual rate of the US core PCE price index in December.
Gold's fluctuations were not large yesterday. Although yesterday's data was not conducive to gold, the lowest level only reached 2009, and finally rose to above 2020.
Today's core PCE data is very important to the trend of gold. From the perspective of expectations, core PCE 3.0% is indeed possible. After all, U.S. inflation has continued to decline since last year, but it should be noted that the phased rebound in U.S. housing prices has continued. This all brings suspense to the evening announcement.
It can be seen that gold is still in a downward trend, so we still focus on selling, but we must wait until the important resistance range before selling.
Strategy 1:
Xauusd:sell2026-2030
TP:2020-2017-2010
Strategy 2:
Xauusd:sell2032-2036
TP:2026-2020
SL:2039
With the above two strategies, you can choose the appropriate trading strategy based on your own funds.
Join me as I share my thoughts every day for your reference
