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XAU/USD 08 August 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as analysis dated 04 August 2024. -> Swing: Bullish. -> Internal: Bullish. Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high. However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 06 August 2024. -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was met, assisted by dovish US economic news. Price has printed a further bearish iBOS followed by a bullish CHoCH indicating bullish pullback phase initiation. Indication of pullback initiation started by reaction at H4 demand level. Price is currently hovering around 50% EQ printing low volume rangebound price action. Intraday expectation: Price to react at premium of 50% internal EQ or M15 supply zone before targeting weak internal low. Alternative scenario: Whilst intraday expectation is technically correct, we need to bear in mind that internal H4 structure is bullish with bearish pullback phase currently underway and could potentially be complete after reacting at H4 demand level. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Fears Fail to Keep Gold Above $2,400: A Temporary Dip? Gold has slipped below the $2,400 mark even as geopolitical tensions possibly escalate, with Israel bracing for potential retaliation from Iran. US intelligence indicates the response could come late Thursday or Friday. Market attention is also directed towards the upcoming Initial Jobless Claims data, due on Thursday, which investors hope will provide further information about the labor market. Perhaps in an attempt to calm the volatility seen at the beginning of the week, San Francisco Fed President Mary Daly said Tuesday that “none of the labor market indicators she looks at are flashing red at present ...”. Perhaps adding to the downward pressure on gold, major Asian central banks appear to have paused their physical gold buying sprees. Reports from the World Gold Council indicate that China has abstained from buying the precious metal for the third consecutive month. Technically, if the XAU/USD continues its downward trajectory, the next support level could lay at the 50-day and 100-day Simple Moving Average. Further declines could test the May 3 low of $2,277.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, After completing the swing range activation from our 1H chart, please now also review our 4H chart idea. The 4H chart idea also had a swing range test and gave the swing, but off the back of a volatile candle and didn't allow for the cross and lock confirmation due to momentum. The swing gave the bounce and an extended push into 2416 Goldturn resistance, followed with the rejection into 2391. We are now looking for ema5 to lock below 2391 to open the full swing range. Failure to lock below this level will provide another bounce to retest the levels above. 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 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 2467 EMA5 CROSS AND LOCK ABOVE 2467 WILL OPEN THE FOLLOWING BULLISH TARGET 2491 POTENTIALLY 2510 BEARISH TARGETS 2438 - DONE EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE FOLLOWING BEARISH TARGETS 2416 - DONE 2391 - DONE EMA5 CROSS AND LOCK BELOW 2391 WILL OPEN THE SWING RANGE SWING RANGE 2369 (DONE) - 2345 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
12
Where should gold shorts go? Is it possible for gold bears to faYesterday Monday, you must have been stunned by yesterday's market? To tell the truth, as far as my experience in the market for more than ten years, Monday, the big market is normal, after all, it may be because of the influence of the information during the two-day break, but, as far as yesterday is concerned, the market performance is relatively calm in the case of such a market, even I am inconceivable, but this also reflects the market's unreasonable, to say the word is not good, as far as yesterday's market is concerned, In addition to bearish, there is no choice, after all, such a strong drop, do more is purely to die, on the contrary, break the vacancy, as long as it is not chased to the floor, it is a profit opportunity, this, I also hope that you are in a good position is, but say a word psychological words, yesterday, the market retail losses are heavy this is a fact, but this is no way, after all, the market accident, When the so-called avalanche, no snowflake is innocent, this point, also because the market retail investors attracted market institutions into the harvest, but not to save the opportunity, but you are still too self-righteous, this point, or that old saying, more reflection, after all, I have said that the bear will break 2400, it is reasonable, in fact, most of you also understand, Just by the fog of the market lost the eyes, this point, the future market pay more attention to the market. In fact, for trading, the rise and fall of the market has little impact on me, after all, there are countermeasures, but this external restriction is very collapse, take yesterday, the list prompted, the profit process guidance number is gone, there is no way, I can only remind you through a certain way to first small profits out, so as not to suffer accidents, which also leads to the lack of profits, especially afraid that in the process of profit, you are waiting to receive out of the prompt I can not make a prompt, it is more tormenting, and the recent analysis of the state and nearly perfect situation, but encountered various restrictions may also lead to the state into a trough, this, In the case of Chen Feng I think twice, decided to stop guidance from now on, rest 7-10 days first, of course, the specific time to return, the time is tentative, after all, I did not take my lover out for a few years to relax, has been devoted to the guidance of the case, although the lover supports, but also a little complaint, this, I also take this opportunity to compensate it. Of course, I am currently on vacation, certainly in order to better guide you in the future market, this point, you will wait for me to return to lead you to fight the market can be, in the near future, you will be a little patience, finally, thank you for your trust and support. So at the moment, I will not say anything else, directly analyze the current market, you can refer to it at will. ​ -- Gold market review yesterday -- Yesterday Monday morning, gold opened high near 2444, the opening is up 2447 the first line obstruction ushered in stop fall, but unfortunately, gold only fell back a wave of 2437 to stop rise back into shock near 2445, then, short sudden crash, gold is also directly broke 2430-2420, The lowest fell to near 2413 to meet the stop recovery, and the recovery is also relatively strong, gold directly reversed the decline to rise above 2440, and then the bulls continued to climb to break 2450, the highest to 2458 line to meet the stop and suddenly fell below 2430, this point, for the early morning, the gold market volatility is also extremely intense. During the European trading period, gold continued to fall a wave of 2422 to stop rising 2445, and after a long and short saw, it once again ushered in the next break 2420, and this wave of decline, directly broke 2400-2380, until the eve of the United States, the lowest gold also fell to near 2467. During the United States trading period, gold bears continued to fall a wave of 2364 to stop rising, gold is also a shock to return to 2400, near midnight, gold rallied around 2412 to stop into shock, long and short 2412-2400 saw a final close near 2409. -- Where should gold wash the long and short? Can gold bears fall further? - Yesterday Monday, for yesterday, the market volatility is volatile, to say the word is not good, even the non-agricultural market and the Fed information market is not as strong as yesterday, this, for Monday, is undoubtedly not extremely rare, then on Monday, gold opened from 2447 down 2413 produced 34 points of decline, Then rebound 2458 produced 45 points of increase, and then from 2458 to 2364 produced 94 points of decline, and finally the United States from 2364 rebound 2412 produced 48 points of increase, from these big fluctuations alone, Monday produced more than 200 points of volatility, which does not count the volatility of the shock period, you can imagine, How strange the market was yesterday. Of course, some people ask the reason, in fact, for this point, I can only use the wash to evaluate, after all, yesterday's market fluctuations, can not be explained with reasons, that geopolitical risk, gold fell, that the global stock market crash, gold fell, under the influence of geopolitical risk and market turbulence risk, gold can suffer a sharp decline, which is abnormal. Although gold as scheduled in 2360 not to break the situation ushered in a rebound back to 2410, but for the current situation, the rebound is not necessarily to rise, which still exists the possibility of malicious market lure, so for the current, you also need to be cautious. Then again, for yesterday, the global crash, a variety of stock market circuit breaker situation appeared again, this point, the market is no doubt not suffered panic selling out, in fact, it is not good to say, yesterday's sharp fall in gold, but also part of the reason, then for this situation, gold in the case of stopping at 2360 not broken, Can it usher in a rebound and go higher? In fact, for this point, I still do not think that gold bulls have the power to fight back, to say the word is not nice, gold continued to rise, mainly because of interest rate cut expectations, but for now, the global crash, but also led to the stability of the US economy was questioned, that is to say, the phenomenon of the market can smoothly land interest rate cuts still have some doubts, In addition, there is still some time to go before the interest rate cut in September, gold bull heat is relatively weakened, especially under the impact of yesterday's crash, the market bull retail positions suffered a sharp drop forced withdrawal, but also hit the market's confidence in bulls, this point, gold wants to have a further rise in the short term to return to bulls, Unless it is the outbreak of geopolitical risk stimulus, otherwise, there is still the possibility of further deep fall in gold, of course, you do not blindly speculate when gold will hit bottom, because compared to gold in such a high case, really wait until the interest rate cut landing, short can be said to be bottomless, and for the moment, gold stops at 2360 and does not break on the rebound, more, I think this is just the correction before the fall, bears have downward power, this point, I still reiterate the previous target, that is 2330, of course, 2330 is only a stage of expectations, gold does not rule out the possibility of falling below 2300 again, this, you also need to pay attention to guard against it. So for today, Tuesday, gold is used to unilateral days, I do not recommend you to consider doing more, more, I personally still feel that around the rebound shorting is relatively reliable, of course, if the outbreak of geopolitical risk, then when I did not say, but even if the outbreak of geopolitical risk, I do not think that gold bulls can do too much, After all, I also said before, gold broke 2400 is an inevitable event, but due to the stimulation of geopolitical risk, the market is also reacting in advance to pull up the gold price, in this case, as long as the geopolitical risk is not out of control, then the bulls are powerless to return to the sky, this point, you will stick to 2410-2414 today directly open short positions, such as breaking, Further hold 2420-2430 continue to short in batches. Below, or pay attention to 2370-2360 can fall again, break the level directly under 2330-2300 do not break and then consider the backhand.
OANDA:XAUUSDShort
by Transactionheadhunter01
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1h chart idea playing out, as analysed. Yesterday we stated that we have a candle body close above 2438 leaving a gap open to 2458 and ema5 lock will further confirm this. - This target was hit. No further cross and lock above 2458, which confirmed the rejection. We also stated that we have 2438 and 2423 as bearish support targets and will need a cross and lock below 2423 to open 2407 and 2394. A further ema5 lock below 2394 will open the swing range for the extended swing. - This also played out perfectly completing all the bearish targets and then followed with the swing range. The swing range did exactly what it says on the tin, by providing the perfect extended swing, inline with our plans to buy dips - BOOOOOOM!!!!! Price is back in the range and therefore all weighted levels are active again and can be tracked level to level using the chart ideas shared. 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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 - DONE EMA5 CROSS AND LOCK ABOVE 2458 WILL OPEN THE FOLLOWING BULLISH TARGET 2475 POTENTIALLY 2491 BEARISH TARGETS 2438 - DONE 2423 - DONE EMA5 CROSS AND LOCK BELOW 2423 WILL OPEN THE FOLLOWING BEARISH TARGET 2407 - DONE 2394 - DONE EMA5 CROSS AND LOCK BELOW 2394 WILL OPEN THE SWING RANGE SWING RANGE 2369 - 2359 SWING ACTION NICELY COMPLETE!! 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
8
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to open and attempt to attack the lower support regions 2375 and below that 2367-5, which if held we felt long trades would be available to traders this worked extremely well for us and anyone else who followed the KOG Report. We gave the levels above 2410 and above that 2430 on the break, expecting a pullback around the 2410 region which only gave us a small bounce before continuing. We updated the reports through the week, in particular the FOMC report giving the target level of 2450 which is where we wanted to get a nice entry for to target, unfortunately, we didn’t manage to get the entry for that trade. Instead, we held the longs and finished off another great week in Camelot. Friday’s NFP, analysis was posted for the Camelot members together with the potential high and the hotspot which worked well for traders giving them the opportunity to enter short, hit the hotspot as well as the Excalibur target which was active. An extremely decent week not only on gold but all the other pairs we trade alongside our traders in Camelot. So, what can we expect in the week ahead? Ok, to be honest, this week we may be subject to complete change based on the move NFP created on Friday, however, we have to go with what the chart is showing us and of course, with this being Gold the unexpected. So, we’ll say for this week we have the order region support level 2430 and below that the extreme level of 2410-13. Above we have the resistance levels of 2450-55 again an important level. If we see price attempt the 2450-55 region in the early sessions, which we feel is likely, a rejection there can bring us down into that 2430-35 region again attempting to break it and take lower into the extreme level below which is where we feel the ideal long trade will come from to carry this back up towards the 2490-95 region. That’s the region we ideally want to see completed before and held for now. This gives us the potential range to play unless one of the key levels are broken. Breaking 2410 we’ll be seeing this flush pretty fast so lets play some caution here, see how the levels react and we’ll take it as we see it. KOG’s bias for the week: Bullish above 2430 with targets above 2465 and above that 2490 Bearish on break of 2430 with targets below 2410 and below that 2395 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
11
XAU/USD Outlook ICT ConceptsXAU/USD (Gold) Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: We expected the price to sweep the Buy-Side Liquidity (BSL) and then continue lower. However, the price went higher, swept the BSL, and is now reacting to a bearish Fair Value Gap (FVG). 📍 Current Market Overview: The current price is around 2,425.105. XAU/USD has swept the BSL and is now reacting to a bearish FVG. We can expect a move lower from this level. 🔍 Identifying Key Levels: • PMH (ATH): Previous Month High (All-Time High) • PWH: Previous Week High • PWL: Previous Week Low • PML (EQL): Previous Month Low (Equal Lows) • BSL: Buy-Side Liquidity • SSL: Sell-Side Liquidity • 4H FVG: 4-Hour Fair Value Gap • Daily FVG: Daily Fair Value Gap 📊 Key Considerations: • Swept BSL: XAU/USD has swept the Buy-Side Liquidity and is now showing a reaction to the bearish FVG. • Bearish FVG Reaction: The price is reacting to the bearish FVG close to the current level, indicating potential resistance and a move lower unless we inverse it. • Key SSL Levels: There are untouched key sell-side liquidity levels such as the previous week low (PWL) and the SSL below it, along with a Daily bullish FVG below both levels. • Low Resistance SSL: For any bullish scenario, we need a key sell-side level to be taken or at least some low resistance sell-side liquidity levels on lower time frames to be swept. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Sell-Side Levels Taken: A key sell-side level needs to be taken or at least some low resistance sell-side liquidity levels on lower time frames to be swept. • Support from FVG: The Daily bullish FVG below the SSL levels could act as a support zone for a potential bullish move. • Retracement Higher: After sweeping the SSL levels, we can aim for bullish positions at that point. 📉 Bearish Scenario: A bearish scenario should be considered if the following conditions are met: • Continuation Lower: The price is currently reacting to the bearish FVG and could continue lower towards the PWL and SSL levels. • Clearing SSL Levels: If the price continues lower, it could target the SSL levels and the Daily bullish FVG below them. 📊 Chart Analysis Summary: • Bullish Expectation: For a bullish scenario, we need to see a key sell-side level being taken or some low resistance sell-side liquidity levels on lower time frames being swept. The Daily bullish FVG below the SSL levels could act as support. • Bearish Expectation: The current reaction to the bearish FVG suggests a continuation lower. The price could target the previous week low (PWL) and the SSL levels below it, along with the Daily bullish FVG. ✍🏻 Conclusion: The XAU/USD chart is showing a bearish pattern reacting to a bearish FVG. We can expect a move lower from the current levels. For a bullish scenario, we need to see some key sell-side liquidity levels being taken or low resistance sell-side liquidity levels being swept. Observing how the price interacts with the identified FVGs and SSL levels will be crucial in determining the next steps. 🙏 Thank you for joining us! Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
OANDA:XAUUSD
by RealArmin
GOLD (XAU)Gold broke its down trend at 1680 and It was a great opportunity for longing and now we heading to 1815 XAU continues to push higher and trades above $1,770 for the first time in nearly three months on Friday. The US Dollar stays under heavy bearish pressure as investors cheer the soft US inflation report and heightened optimism about Chine easing coronavirus restrictions. The Consumer Price Index in the United States rose 7.7% YoY, down from 8.2% in September and clearly below the 8.0% consensus forecast. The CPI accelerated by only 0.4% on the month, down from 0.6% in September and core figures rose 0.3%, rather than the 0.5% expected. The highly anticipated economic release from the United States triggered a massive risk rally on increased expectations of a smaller rate hike by the US Federal Reserve in December. Markets now price roughly an 81% probability of a 50 bps December Fed rate hike vs. odds of about 55% at the start of the week.The US Dollar was heavily sold off into the softer US Consumer Price Index release, propping up Gold price to the best levels unseen since August 26. At the time of writing, the American Dollar is reeling from Thursday’s massive blow, allowing Gold bulls to take a breather
TVC:GOLDLong
by moonypto
2
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2458 Goldturn resistance and 2423, as Goldturn support. We currently have a candle body close above 2438 leaving a gap open to 2458. However, ema5 above 2438 will further confirm this. We also have 2438 and 2423 as bearish support targets and will need a cross and lock below 2423 to open 2407 and 2394. A further ema5 lock below 2394 will open the swing range for the extended swing. 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 in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2458 EMA5 CROSS AND LOCK ABOVE 2458 WILL OPEN THE FOLLOWING BULLISH TARGET 2475 POTENTIALLY 2491 BEARISH TARGETS 2438 2423 EMA5 CROSS AND LOCK BELOW 2423 WILL OPEN THE FOLLOWING BEARISH TARGET 2407 2394 EMA5 CROSS AND LOCK BELOW 2394 WILL OPEN THE SWING RANGE SWING RANGE 2369 - 2359 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
26
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2467 Goldturn resistance and 2438, as the Goldturn weighted support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range. We will need to see a test at 2467 and then ema5 to above 2467 to confirm the range above. We also have 2438, as the weighted support area and will need ema5 lock below this level to open 2416 and 2391 and a cross and lock below 2391 will open the swing range for the extended swing. 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 2467 EMA5 CROSS AND LOCK ABOVE 2467 WILL OPEN THE FOLLOWING BULLISH TARGET 2491 POTENTIALLY 2510 BEARISH TARGETS 2438 EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE FOLLOWING BEARISH TARGETS 2416 2391 EMA5 CROSS AND LOCK BELOW 2391 WILL OPEN THE SWING RANGE SWING RANGE 2369 - 2345 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
GOLD DAILY CHART UPDATE Hey Everyone, Please see update on our daily chart structure that we have been tracking successfully for a while now.. Previously we had the cross and lock above 2355, leaving a gap open to 2405 and same with 2405 opening 2464, which were all completed and then followed with the rejection into the retracement range. We the had 2355 retracement range providing support and the re-actional bounce, as analysed and we stated that we will either look for a ema5 lock below this level to open the range below or a failure to lock below this level will follow with the upper range tests again. - This played out perfectly with no cross and lock below 2355 and therefore we got the perfect bounce re-testing all the targets above. We now have 2464 test again and will need ema5 cross and lock to open the gap above. However, being the daily chart, we sometimes do not get the time to enter for the gap like the smaller timeframes, as the move gets done before the gap opens. Therefore, we can use a candle body close above 2464, as an earlier confirmation for the gap. We have marked the charts with our unique weighted levels and will use them to track the movement up and down, confirmed with ema5 cross and lock confirmation. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our weekly chart idea. Previously we mentioned that although we have the final Axis target at 2505, we are expecting resistance and reaction here at 2434, at the channel top and will probably need a few attempts before cracking open the range above, which played out perfectly. We then stated that we would need to see a candle body close above 2434 in the coming weeks/months to confirm this gap or an ema5 cross and lock for a double confirmation. - We got the candle body close above 2434 now opening the 2505 gap and an ema5 cross will further confirm this. The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
GOLD (XAUUSD): Important Supply and Demand Zones to Watch Gold closed in indecision this week, respecting 2 supply and demand zones. The price went rejected from an expanding supply zone based on a resistance line of a rising parallel channel and a horizontal resistance. The market also respected a horizontal demand zone based on a horizontal support cluster. After the market opening, I will monitor the reaction of the price to these zones and will look for trading opportunities from there. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
GOLD ROUTE MAP UPDATEHey Everyone, PIPTASTIC finish to the week with our analysis playing out to perfection!!!! EMA5 lock above 2400 opened 2423 and 2438, which was hit perfectly followed with ema5 lock above 2438 opening 2459 and 2475, which was also completed today to perfection and now followed with the perfect rejection!!! BULLISH TARGETS 2400 - DONE EMA5 CROSS AND LOCK ABOVE 2400 WILL OPEN THE FOLLOWING BULLISH TARGET 2423 - DONE 2438 - DONE EMA5 CROSS AND LOCK ABOVE 2438 WILL OPEN THE FOLLOWING BULLISH TARGET 2459 - DONE 2475 - DONE BEARISH TARGETS 2376 - DONE We will now come back Sunday with our Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
Gold Price Explosion? Key Patterns Indicating Major Moves Ahead!Technical Breakdown of XAUUSD Overview The chart presents the price action of Gold Spot (XAUUSD). Key technical patterns and significant support/resistance levels are highlighted to provide insights into potential price movements. Key Patterns and Levels Descending Channel: The price previously moved within a descending channel, marked by lower highs (LH) and lower lows (LL), indicating a downtrend. The breakout from the descending channel suggests a potential shift in momentum from bearish to bullish. Support/Resistance Levels: HTF (Higher Time Frame) Support/Resistance: A crucial level providing a foundation for significant price movements, shown with blue lines. LTF (Lower Time Frame) Support/Resistance: A lower time frame level within the channel, highlighting short-term price actions. 1HR Double Top: A resistance level around 2458.3 where the price is currently facing a decision point. Bullish Patterns: 3 Touch Flag: A bullish flag pattern with three touches indicating potential continuation if the price breaks above the resistance. Daily Bull Flag: A larger time frame bull flag pattern suggests a bullish continuation if the price breaks above the upper boundary. Liquidity Zones: Weekly LQZ: A liquidity zone around 2484, which acts as a significant resistance level. Daily LQZ: A zone around 2348.8 providing a major support level. Current Market Conditions: The price is currently testing the 1HR double top resistance. A rejection at this level could indicate a potential short position, while a clear break above could confirm a long position. Trading Strategy: Wait for Confirmation: Traders should wait for a clear rejection or break above the 1HR double top to determine the direction of their positions. Monitor Key Levels: Keep an eye on the support/resistance levels and liquidity zones to gauge potential price movements and market sentiment. Conclusion: Gold is at a critical juncture with significant patterns indicating possible major moves ahead. Traders should closely monitor the 1HR double top and key support/resistance levels to make informed trading decisions.
OANDA:XAUUSD
by Adlercon333
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Please see update on our 4H chart idea, which has been playing out perfectly inline with our trading plans, As shared at the beginning of the week; We had 2406, as an open gap above and 2383 open gap below. - Both of these gaps were hit!!! The retracement zone provided the bounce for the push up hitting 2406. This followed with a ema5 cross and lock opening 2429, which was also hit perfectly. We then had 2429 cross and lock opening 2461, which was hit today completing this chart idea - BOOOOM!!!! We are now seeing the rejection at 2461 and price is now heading towards 2429 for support. Support here and we are likely to see another 2461 re-test or a break and lock below 2429 will open 2406 for a test. 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 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 2406 - DONE EMA5 CROSS AND LOCK ABOVE 2406 WILL OPEN THE FOLLOWING BULLISH TARGET 2429 - DONE EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGET 2461 - DONE BEARISH TARGETS 2383 - DONE 2360 EMA5 CROSS AND LOCK BELOW 2360 WILL OPEN THE SWING RANGE SWING RANGE 2328 - 2302 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
8
Why a 30 to 50 Pips Fluctuation Means Little for XAU/USDUnderstanding Pips and Price Context In the world of forex trading, a pip (percentage in point) represents the smallest price movement in the market. For commodities like gold (XAU/USD), a pip is typically 0.01. Therefore, a fluctuation of 30 to 50 pips in gold translates to a movement of 3 to 5 USD in price. Currently, the price of gold (XAU/USD) hovers around 2400 USD per ounce. In this context, a movement of 30 to 50 pips, equating to 3 to 5 USD, is relatively minor. To put this into perspective, it’s akin to a stock priced at 100 USD experiencing a movement of only 0.13 to 0.20 USD. Gold's Historical Volatility Gold is renowned for its volatility, influenced by a myriad of factors including geopolitical tensions, economic data, inflation rates, and currency fluctuations. Historical data demonstrates that gold prices can swing dramatically within short periods. For instance, during times of economic uncertainty or geopolitical strife, gold prices can move by tens or even hundreds of dollars in a matter of days or even hours. Geopolitical Events: During geopolitical crises, such as wars or major political upheavals, gold prices often experience significant spikes as investors flock to safe-haven assets. Economic Indicators: Economic data releases, like non-farm payrolls, GDP figures, and interest rate decisions, can cause substantial and rapid fluctuations in gold prices. Market Sentiment: Changes in market sentiment, driven by news, investor behavior, and speculation, can also lead to large price movements. Why 30 to 50 Pips is Insignificant Given gold's price of 2400 USD per ounce and its historical volatility, a fluctuation of 30 to 50 pips is relatively insignificant. Here's why: Percentage Impact: A 50-pip movement at a price level of 2400 USD is just 0.21% of the total price. This is a minor change, especially in a market as volatile as gold. Daily Fluctuations: It's not uncommon for gold prices to fluctuate by more than 1% within a single trading day. This means price movements of 24 USD or more are typical, overshadowing a 3 to 5 USD change. Trading Noise: In the context of gold trading, small pip movements often represent normal market noise rather than meaningful trends. Professional traders focus on larger movements to make informed decisions, as these are more indicative of market direction. Practical Implications for Traders For traders and investors, understanding the relative insignificance of small pip fluctuations is crucial. Here are some practical takeaways: Risk Management: Traders should set their stop-loss and take-profit levels considering the high volatility of gold. Small pip fluctuations should not trigger premature exits from trades. Strategic Focus: Swing trends and significant price levels (like psychological barriers at round numbers or technical important zones) are more important than minor intraday movements. Market Analysis: Analyzing gold requires looking at broader economic and geopolitical factors rather than getting caught up in small pip changes. Conclusion: In summary, a 30 to 50 pip fluctuation in XAU/USD is relatively meaningless when considering the broader context of gold's price and inherent volatility. At a price level of 2400 USD per ounce, such movements are minor and often lost in the daily trading noise. Traders and investors should focus on larger price movements and underlying market factors to make informed decisions in the volatile gold market.
OANDA:XAUUSDEducation
by Mihai_Iacob
4