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Xauusdlong

Gold's Next Big Move: Will It Skyrocket or Plummet? Expert View!Major Support / Resistance Zone: This zone is marked clearly on the chart and acts as a significant level where price has previously reversed or consolidated. It's crucial to monitor how price reacts around this area. Wave Analysis: The chart shows a clear Elliott Wave structure, with a 5-wave pattern identified. Waves (1) to (5) represent the motive waves, and the correction waves are seen in between. Bearish Flag #1 and #2: These flags indicate periods of consolidation following a downward movement, suggesting potential for continuation to the downside. They are often characterized by lower highs and lower lows forming within a channel. Descending Channel: The descending channel provides a clear bearish structure, with price making lower highs and lower lows. This channel acts as a guide for potential price movement, indicating bearish sentiment as long as the price remains within this structure. Daily Bull Flag: This larger bullish flag formation suggests a longer-term bullish potential if price breaks above the flag's upper boundary. It's a key pattern to watch for potential upside. 1HR LQZ / Reversal Zone: This liquidity zone (LQZ) is marked as an area where a significant amount of orders might be present, potentially leading to reversals or significant price reactions. 4HR LQZ: Similar to the 1HR LQZ, but observed on the 4-hour timeframe, suggesting a more significant potential reversal or consolidation area. Bullish Potential: If the price breaks above the 1HR LQZ / Reversal Zone and the descending channel, there is a bullish potential up to the levels marked on the chart. The structure would need confirmation through higher highs and higher lows. Bearish Potential: If the price fails to break above the descending channel and instead moves below the 4HR LQZ, a bearish continuation is likely, potentially targeting lower support levels. Summary The chart indicates a potential for both bullish and bearish scenarios depending on how the price reacts to the identified key levels (major support/resistance zone, 1HR and 4HR LQZs, and the descending channel). Bullish scenario: Break above the 1HR LQZ and the descending channel, leading to a continuation towards higher levels. Bearish scenario: Failure to break above the descending channel and a move below the 4HR LQZ, indicating a continuation to the downside. This analysis should help in making informed trading decisions based on the observed technical patterns and key levels.
OANDA:XAUUSDLong
by Adlercon333
2
Gold price recovered to $2400, sideway Monday⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) demonstrated strength below the 50-day Simple Moving Average (SMA) on Friday and made a slight recovery from a low point reached over two weeks ago. This upward movement occurred after the US Personal Consumption Expenditures (PCE) Price Index was released, indicating a modest increase in inflation in June. This development raised expectations for the Federal Reserve (Fed) to begin reducing interest rates soon. Following the inflation data, US Treasury bond yields decreased, weakening the US Dollar (USD) and supporting the gold, which does not provide interest yields. ⭐️ Personal comments NOVA: Gold price recovered at the beginning of the week - world military news continues to influence gold price to recover to 2400, sideways this area is expected to continue below $2400 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2374 - $2372 SL $2367 TP1: $2380 TP2: $2390 TP3: $2400 🔥SELL GOLD zone: $2406 - $2408 SL $2413 TP1: $2400 TP2: $2390 TP3: $2380 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
9
Gold prices rise on first trading day of late JulyOpening the first session of the week, Gold price has increased again to the 2403 zone. Because this week there is a lot of strong news affecting the market, this week I will recommend following the short wave. If there is a good point, I will hold it long, everyone. Regarding the main trend, I am still following the direction with the Gold correction wave decreasing back to the 2300 zone. As for the current candle force, GOLD is very likely to increase back to the 242x zone, everyone 👌👌 Regarding the trading plan for today, I will watch to Sell Gold around 2393>2396 SL 2398 TP 2390>2384 With the strong buying force when opening the first session of the week like this, it is easy to be a Fomo wave for a volatile week, everyone. I will not watch to Buy Gold yet. If there is a good point and a good buying zone, I will recommend later. Wishing everyone a successful trading week 👌❤️ -- Economists say the modern inflation facts is not going to forestall the Federal Reserve from reducing hobby prices for the primary time this 12 months. Markets are more and more more making a bet that the valuable financial institution will reduce prices in September at its assembly in early August. The upcoming assembly will shed mild at the putting of the easing cycle, analysts at TD Securities stated. While Fed officers are not going to completely decide to a September fee reduce, they'll trace that the Fed is near one. Along with cooling inflation, economists expect that slowing exertions marketplace profits will push the Fed to ease prices earlier than the stop of the 12 months. The CME Group`s FedWatch device places the percentages of a September fee reduce at 100%. The Fed isn`t the best valuable financial institution maintaining a financial coverage assembly this week. The Bank of England is likewise because of announce its fee selection on Thursday. The Bank of Japan holds its financial coverage assembly later Tuesday. Central financial institution moves withinside the coming months may want to have a profound effect on gold fees and monetary markets in general. Gold Price Forecast Kitco News` modern weekly gold survey suggests that specialists stay bullish. Kelvin Wong, senior marketplace analyst at Oanda, stated he sees gold's correction as a charge motion inside a broader uptrend. The Fed continues to be pursuing a coverage of prioritizing a fee-reducing cycle over a fee-hike cycle withinside the medium term, in step with the expert. The 10-12 months Treasury yield hovered beneath the important thing intermediate resistance degree of 2.05%. The fashion for gold stays bullish.
OANDA:XAUUSDShort
by TheLeader_WOLF
The DOWN wave has formed - NF next week determines the trend✍️ NOVA hello everyone, Let's comment on gold price next week from 7/29 - 8/2/2024 🔥 World situation: Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some 0.80% as market participants seem secure the Federal Reserve will lower interest rates at the September meeting, following a soft inflation report. The XAU/USD trades at $2,385 after bouncing off daily lows of $2,356. The US Bureau of Economic Analysis (BEA) revealed that the Fed’s favorite inflation gauge, the Personal Consumption Expenditure Price Index (PCE), ticked a tenth higher monthly than May’s data. It dipped as foreseen in the twelve months to June, though it’s at the brisk of hitting the Fed’s 2% goal. 🔥 Identify: Gold price has formed a DOWN trend - wave 5 ELLIOT. Still in DOWN trend. NF data will largely determine the upcoming trend - before the interest rate cut information in September 2024 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2400, $2430, $2482 Support : $2355, $2320 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4
Xauusd up trend XAU/USD is rising from 2397 to 2409 following the U.S. Dallas Fed PCE news. The positive data likely sparked investor optimism, driving the price of gold higher against the US dollar. This uptrend may indicate increased demand for gold as a safe-haven asset in response to market uncertainties stemming from the economic data release. Investors are reacting to the news by flocking towards the precious metal as a hedge against potential risks, pushing its value up in the forex market.
OANDA:XAUUSDLong
by Khalifapatrick
Gold will go UP by Inverse H&S Pattern==>>Short termGold managed to break the Resistance line and is currently moving inside the Resistance zone($2,398-$2,376) . Gold also created the Inverse Head and Shoulders Pattern . I expect Gold to rise to at least the Downtrend line . Gold Analyze ( XAUUSD ), 15-minute 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.
OANDA:XAUUSDLong
by pejman_zwin
10
Will Gold Make Another ATH In August?As I Can See Gold Is On Descending Parallel Channel And Bottom Line Has Already Make the third Touch Last Week And Strong Bullish Power Was Shown Last Friday. And The Top Line of the Parallel Channel Has More then 4 Touches. There's a High Probability To Breck The Upper Trendline. If 4H Solid Candle Close Above The Trendline Will Confirm To Fly More Upside .But in The Beginning Of The Week Will Have Some Fake out Traps As well .Trade With Caution I'll Update LTF Analyze After Market Make The Move
OANDA:XAUUSDLong
by Mr_Scalper_117
PCE weekend news - Gold price tries to recover⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Meanwhile, XAU/USD demonstrated some strength beneath the 50-day SMA, buoyed by anticipation that the Fed will commence its rate-cutting cycle in September. This has kept the USD subdued below a two-week peak reached on Wednesday, helping Gold to draw in some buyers. However, upward momentum appears constrained as traders await the upcoming US PCE Price Index release on Friday, which could signal the Fed's policy direction. This data will likely influence USD demand and inject new momentum into the non-interest-bearing gold market. ⭐️ Personal comments NOVA: Gold price H4 frame completes wave 5 ELLIOT, will sideways stabilize below 2400 creating more liquidity for the market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2352 - $2354 SL $2347 TP1: $2360 TP2: $2368 TP3: $2375 🔥SELL GOLD zone: $2400 - $2402 SL $2407 TP1: $2390 TP2: $2380 TP3: $2370 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
7
Gold is Ready to Go Up==>>Short termGold has managed to break the Support zone($2,398-$2,376) and the Uptrend line . Gold is currently approaching the Support zone($2,351-$2,329) and Potential Reversal Zone(PRZ) . I expect Gold to rise to at least the Support line again. 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.
OANDA:XAUUSDLong
by pejman_zwin
1
Gold Thursday Trading Signals and Strategies #xauusd Today is Thursday, July 25, 2024. Gold broke through 2412 yesterday and reached the 2431 I mentioned. My sell signal yesterday helped everyone make 300-600pips. Today gold broke through a new trend again. So I gave several trading ranges. Gold buy: xauusd buy 2361-2365 2351-2355 Gold sell: xauusd sell 2399-2402 2409-2412 You can try trading when the trading price is reached. I hope my analysis will continue to help everyone make a profit. If you use my signal to make a profit, please give me a thumbs up and join me
FX:XAUUSDShort
by MaudEvans