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Xauusdtrend

XAUUSD: Wait for a rebound and choose to sell at a high levelLast Friday, as the performance of the US PCE data did not support the Federal Reserve's 50 basis point interest rate cut, the US dollar index rebounded and gold investors took profits, which caused the gold price to fall directly below the 2,500 round number mark. Considering that the U.S. market is closed today, the market fluctuations will not be too large, so we mainly do range-based sell-high and buy-low transactions. Judging from the Fibonacci retracement indicator of this decline, the upper resistance is mainly in the 2504-2510 area. If the level is broken here, the gold price will return to the high area again and continue to try to set a new high, but this may be difficult today. Appear. The lower support is mainly in the early intensive support area 2470-2480. So my strategy today is to sell high and buy low in this area. The gold price is now around 2500 points. If it continues to rise to the 2504-2510 area later, I will choose to sell first. Today is not a major trading day because the U.S. market is closed. There will be multiple major data release days in the next few days this week. This is the key point. Everyone can relax today. We will trade if we have the opportunity. If there is no opportunity, we will not trade. Resistance area: 2504-2510 Support area: 2480-2470
OANDA:XAUUSDShort
by AntonyTP
XAUUSD Teeters on Edge: Multi-Timeframe Wedge & Channel ShowdownDaily Timeframe Analysis- Pattern: Rising Wedge Description: The daily chart shows a rising wedge pattern. This pattern typically suggests a potential bearish reversal, especially if it appears after a prolonged uptrend. The wedge is narrowing as it moves upwards, indicating a possible weakening of bullish momentum. Implication: If the price breaks below the lower trendline of the wedge, it could signal a significant downward move. Conversely, a breakout above the upper trendline might invalidate this bearish pattern, leading to a continuation of the uptrend. 4-Hour Timeframe Analysis- Pattern: Rising Channel within the Wedge Description: The 4-hour chart also reveals a rising channel pattern. This channel aligns with the broader wedge on the daily chart, but it's more refined, offering a closer look at price movement within the larger structure. Implication: The price is near the upper boundary of the channel, indicating a potential reversal point. A break below this channel would likely confirm the bearish scenario from the daily wedge. 1-Hour Timeframe Analysis- Pattern: Descending Channel and Liquidity Zone Description: On the 1-hour chart, there’s a descending channel forming, along with a liquidity zone just below the current price level. This suggests that the market is in a corrective phase after a previous upward move. Implication: This setup suggests two potential outcomes: Bullish Scenario: If the price breaks above the upper boundary of the descending channel, it could signify a resumption of the upward trend, targeting the upper boundary of the rising wedge on the daily chart. Bearish Scenario: If the price fails to break above and instead drops below the liquidity zone, it could trigger a downward move toward the lower boundary of the rising wedge, potentially leading to a breakout. 15-Minute Timeframe Analysis- Pattern: Flat Flag within the Descending Channel Description: The 15-minute chart shows a flat flag pattern forming within the descending channel. This is a continuation pattern, often signaling that the price may continue in the direction of the preceding trend after a brief consolidation. Implication: The immediate direction could be determined by whether the price breaks above or below this flat flag: Bullish Continuation: A breakout above the flag and descending channel could lead to a strong upward movement. Bearish Continuation: A breakdown below the flag would align with a continuation of the downward trend within the descending channel. Key Takeaways and Strategy Multi-Touch Confirmation: The trendlines have been touched multiple times across the timeframes, especially on the daily and 4-hour charts, which strengthens the validity of these patterns​. Liquidity Zone: The 1-hour chart's liquidity zone is a crucial area to watch. A decisive move away from this zone could confirm the next significant price direction​. Entry Types: Given the patterns, traders might consider a risk entry at the current levels within the descending channel on the 1-hour chart, looking for a breakout. Alternatively, waiting for a reduced risk entry after confirmation of a breakout or breakdown could be more prudent​. In summary, the charts present a potential turning point for XAUUSD, with significant implications depending on whether the price breaks out of the descending channel on the 1-hour chart. Monitoring the key levels identified across these timeframes will be essential for making informed trading decisions.
OANDA:XAUUSD
by MommaPreneur
GOLD IS GONNA HIT 2600 SOONHello Guys Hope You Are Doing Great. So Let's Dive In The GOLD.As My Expectation On Gold Elliot Wave Analise That I Publish Last Week Is Still The Same For The Rest Of the market Structure. As My Expectations Gold Has Bounce Back From The Nearest Daily Resistance (Daily RBS) After Making The ATH Last Week And Now Again At The Level Of Last Daily Resistance. There's A Higher Chance To Break The Daily Resistance On Monday Or Tuesday Next Week. If Only Break this Daily Resistance Gold Will Push Up Maybe Without A Pullback Fore At Least 500 - 1000 Pips On Straight. Because Powell Show A Green Light For The All Markets With Last Week Speech That Indicate That In The Near Future The Will Be Interest Rate Cuts But If Not Gold Will Touch The SWAP Zone Faster Then Ever. So This Is My Next Week Expectation On Gold. Wait For More LTF Analise Soon.
OANDA:XAUUSDLong
by Mr_Scalper_117
Gold Monday Trading Strategies and Signals #xauusd Tomorrow is Monday, and the new trading day is August 12. Last week, gold continued to sweep the market. After stabilizing, it fluctuated upward. Next week, there will be several major news data that will affect the price fluctuations of gold. So I think there will be no large price fluctuations in gold on Monday and Tuesday. It will fluctuate before the news data is released. I will point out several trading areas for everyone: Sell gold: xausd sell: 1/2436-2439 Last Friday's high 2/2449-2452 Buy gold: xauusd buy: 1/2403-2407 2/2391-2395 Refer to my trading strategy, you should be able to make a profit in the transaction. Always keep our trading area in a safe range. If the range fluctuations on Monday are different from my analysis, maybe I will update my analysis I wish you all a smooth transaction. If you use my signals to make a profit, or if you like my analysis, please join me or like my analysis.
FX:XAUUSDShort
by MaudEvans
XAU/USD (GOLD) Long from 2.390.000 back up My bias on gold remains bullish. Price has been reacting strongly to demand zones and imbalances, producing solid bullish candles. However, since price left a clean demand zone, I expect a small pullback into that zone for reaccumulation. Once price gives a change of character to the upside in the 20-hour demand zone, I’ll look to buy back up to target the Asia high below the 45-minute supply zone. Confluences for GOLD Buys: - Price changed character to the upside, leaving a clean 20-hour demand zone. - Liquidity above in the form of an Asia high. - -Market structure is bullish on both higher and lower time frames. Economic news and ongoing conflicts support GOLD longs. P.S. After sweeping the Asia high below the supply, I expect a short-term sell opportunity around the 45-minute supply at 2,470.000. However, I’ll wait to see how price reacts.
OANDA:XAUUSDLong
by Hassan_fx
XAU/USD: New head and shoulders top is forming, ready to sellToday's Asian and European sessions have seen little volatility, with gold prices staying below 2400 and not testing 2420, indicating gold is still in a consolidation phase. Therefore, we should adjust our outlook accordingly. The 4-hour gold chart shows a new head and shoulders pattern forming, with prices near the shoulder level. Historically, reaching the shoulder often precedes a new downtrend. This shoulder is near the 2400 level, suggesting a Sell around 2400. Additionally, the 1-hour chart shows that the Fibonacci retracement of Monday's $95 drop places the 0.382 level right at 2400, reinforcing this idea. Support levels to watch are 2370, then 2350. If 2350 breaks, further downside is expected. If you have different views or questions, let's discuss the latest insights on GOLD
OANDA:XAUUSDShort
by AntonyTP
6
Gold prices enter a recovery period and the plunge is overOANDA:XAUUSD Against the backdrop of concerns about economic recession, global assets are experiencing a sell-off. But as a safe-haven asset, shouldn't gold rise? Instead, it followed the sharp drop of $100. This situation is very abnormal, so I don't think gold will continue to fall. Once investors calm down and look back, gold will soon highlight its safe-haven characteristics. The market now believes that the probability of the Federal Reserve cutting interest rates by 50 basis points in September is 90%, and the US dollar index is also falling, and the probability of gold prices continuing to fall is shrinking. And the Middle East geopolitical crisis has not yet passed, and you don't know when it will break out again, leading to rising risk aversion. Under the above multiple premises, we should not be overly bearish on gold Technically speaking, 2420 is a watershed, which has already highlighted its importance in the previous trends that have served as resistance and support many times. Once it breaks through, it will open up room for growth. On the contrary, gold will maintain a low-level oscillation pattern, because such actions will be carried out after a big drop or a big rise. The main support area below is 2380-2365. Be prepared to sell if it falls below. ★Welcome to share your views and questions below, let's discuss TVC:GOLD 's latest ideas
OANDA:XAUUSDLong
by AntonyTP
3
GOLD ( SENSITIVE AREA ) ( 4H )XAUUSD HELLO TRADERS Tendency , the price in the sensitive area between 2,420$ & 2,392$ . TURNING LEVEL (1) : the price of this level at 2,420$ , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 2,392$ , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 2,442$ , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 2,475$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 2,365$$ , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 2,337$ , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : if the price corrective turning level (1) it is mean the price trying to reach a support level (1) , so if the price corrective a turning level (2) refers trying to reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 2,442$ , 2,475$ , SUPPORT LEVEL : 2,365$ , 2,337$ .
OANDA:XAUUSD
by ArinaKarayi
1
GOLD ( AFTER ATTACKING YEMEN & ISRAIL ) ( 1D )XAUUSD HELLO TRADERS Tendency , the price is under bullish pressure until trade above turning level TURNING LEVEL : the price of turning level around 2,391$ , indicates the price trade above this level reach a resistance level ( inside supply zone ) , but if breaking this level or breaking FVG reach a support level . RESISTANCE LEVEL : around 2,425$ and 2,468$ , if the price trade above turning level reach this levels . SUPPORT LEVEL : support level between 2,331$ and 2,299$ and called ( demand zone ) , for reach this level will be breaking and stabilizing below turning level . PRICE MOVEMENT : in the previously price rising and created a new historical peak at 2,485$ , but after breaking 2,368$ , gold started a dropping as mentioned , currently price 2,400$ , if the price trading above turning level at 2,391$ , rising to reach a resistance level 2,425$ , then stabilizing this level reach a 2,368$ , if the price stabilizing above 2,368$ maybe it will reach a new historical peaks at 2,500$ , breaking turning level reach a support level at 2,331$ , and by open 1D candle below this level reach a 2,299$ . TARGET LEVEL RESISTANCE LEVEL : 2,325$ , 2,365$ . SUPPORT LEVEL ; 2,331$ , 2,299$.
OANDA:XAUUSDLong
by ArinaKarayi
GOLD ( CREATED A NEW HISTORICAL PEAK ) ( STRONG RISING ) ( 4H ) XAUUSD HELLO TRADERS Tendency , the price is under strong bullish pressure ,after breakout 2,440$ TURNING LEVEL : the price of turning level between 2,475$ and 2,468$ , indicates the price breaking 2,475$ reach a new resistance level or created a new historical peaks , but if breaking 2,468$ reach a support level . RESISTANCE LEVEL : in the last chart price reach a full resistance level , know this level at 2,491$ , and 2,510$ , for reach this level after breaking 2,475$ . SUPPORT LEVEL : support level at 2,440$ in previously this level is a resistance level but after breaking know worked a strong support level , for reach this level after breaking 2,468$ . PRICE MOVEMENT : the price is sensitive area , yesterday price have strong rising an breakout a supply zone reach a full target , created a new historical peaks , price breaking 2,475$ rising or reach a new resistance level at 2,491$ , then reach a 2,510$ , after breaking 2,468$ reach a support level at 2,440$ it is a strong support level , breaking this level the price started a downward . TARGET LEVEL RESISTANCE LEVEL : 2,491$ , 2,510$ . SUPPORT LEVEL ; 2,440$ , 2,425$ .
OANDA:XAUUSD
by ArinaKarayi
GOLD ( SENSITIVE AREA ) ( 4H )GOLD HELLO TRADERS Tendency the breakout channel , indicates under bullish pressure , as long as trade above turning level trying to create new historical peaks TURNING LEVEL : around 2,420$ , if the price trade above this level reach a resistance level , breaking reach a support level . RESISTANCE LEVEL : as long as the price trade above turning level at 2,420$ , reach a resistance level at 2,450 $ , then breaking this level reach a 2,457 . SUPPORT LEVEL : if the price breaking turning level reach a support level at 2,391$ , then breaking this level reach 2,365 $ PRICE MOVEMENT : in my opinion , price directly to reach a 2,450$ , then breaking this level reach a new resistance level at 2,457$ , if the price trade below 2,450$ reach a turning level at 2,420$ , , breaking this level reach a support level at 2,391$ , my goal 2,350$ TARGET LEVEL : RESISTANCE LEVEL : 2,450$ , 2,457 $ SUPPORT LEVEL ; 2,391 , 2,365 $
OANDA:XAUUSDLong
by ArinaKarayi
GOLD ( STABILIZING ABOVE FVG) ( 4H )HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : the price between 2,395 $ and 2,383 $ and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level . PRICE MOVEMENT : the price in previously can be breakout resistance level at 2,365$ , after stabilizing this level rising to 2,392$ , trying to retest at 2,350$ , after again rising to 2,424$ , know currently price at 2,412$ , my goal resistance level at 2,425 $ . PRICE ACTION : LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 2,425$ , second case price corrective a turning level inside FVG between 2,395$ and 2,383$ before rising . SHORT CONDITION : if the price breaking FVG at 2,383$ by open 4h candle below this level reach a support level at 2,364$ , then stabilizing below this level reach a 2,337$ . TARGET LEVEL : LONG CONDITION / RESISTANCE LEVEL :2,425$ , 2,440$ SHORT CONDITION / SUPPORT LEVEL : 2,365$ , 2,337$
OANDA:XAUUSDLong
by ArinaKarayi
GOLD ( FED CHAIR POWELL ) ( 4H )XAUUSD HELLO TRADERS Tendency active bullish after the price breakout the resistance trendline . TURNING LEVEL : a blue line between resistance and support level around 2,348$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level . RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level . SUPPORT LEVEL : there is a red line below turning level around 2,337$ , indicates buying have already increase this level , so if the price breaking turning level reach this level . PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,348$ , after rising to the resistance level around 2,378$ , then stable above this level reach 2,391$ , if the price breaking turning level reach a support level at 2,337$ , then stable by open 4h candle below this level reach a 2,320$ , know the price in the supply returned to the demand zone may be reach a turning level before long . TARGET LEVEL : RESISTANCE LEVEL : 2,378$ , 2,391$ SUPPORT LEVEL : 2,337$ , 2,320$
OANDA:XAUUSDLong
by ArinaKarayi