#Gold, C&H Pattern Target Almost ReachedGold's cup and handle pattern target, $2795, almost reached. This year gold is up 32%. Very little, only $60, left for target to be fully reached. Those who were patient won.
D-XAU
Can we expect the upward surge in gold prices to persist?
With escalating geopolitical tensions, the demand for gold has surged significantly. Gold prices continued to climb, surpassing 2,700 USD for the first time. According to Bloomberg, the demand for gold as a safe haven has risen amid increasing geopolitical and economic uncertainty. Moreover, gold prices surged due to the unpredictable US presidential election, which contributed to the prevailing uncertainty. Based on Fitch's analysis, WSJ reported that gold prices will remain robust from 4Q2024 through 1Q2025, with gold trading between 2,500 USD and 2,800 USD in the upcoming months.
After exceeding the previous high of 2680, XAUUSD advanced to 2720, recording its all-time high. The price sustains a solid trend within the ascending channel, indicating a bullish momentum. If XAUUSD breaches the resistance at 2750 and the ascending channel's upper bound, the price may gain upward momentum toward 2850. Conversely, if XAUUSD breaks the support at 2680 and EMA21, the price may fail to hold the channel's lower bound and decline further to the 2520 level.
XAUUSD 20/10/24After calling for new all-time highs in gold over the past two months, we have now seen a clear breakout above the previous record. Currently, gold is trading at its highest price ever. Based on this, we cannot set higher targets because there are no previous highs to aim for. The market is still seeking a new all-time high, and once it is established, a pullback to some extent is expected.
I do not recommend shorting the market when it is clearly trending upwards. Instead, consider looking for a liquidity low, as marked here, or an area of demand in a significant region. In this case, we have highlighted an area of demand located at the previous all-time high, where substantial orders are likely to be concentrated. If we reach this point, we can either expect a potential reversal or a continuation of the bullish trend. I would favor the latter, as the overall bias remains bullish based on fundamental factors and higher timeframe signals.
The main level I'm focused on is the highlighted 4-hour low. I would like to see this level taken out, followed by a continuation to the upside.
Gold will start to decline to support level inside wedgeHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago entered to range and started to trades inside. In the range, Gold reached the support area, which coincided with the support level, and then made a correction movement to the bottom part of the range. After this, the price made a fake breakout and in a short time rose to the 2530 level and broke it, thereby exiting from the range pattern. Next, the price a little rose, after which made a small correction and then continued to move up inside the wedge. In the wedge, the price reached the current support level, which coincided with the support area and the resistance line of the wedge, after which turned around and started to fall. Gold declined to support line of the wedge and then continued to grow and soon reached the 2680 level, broke it, and made a retest. The price bounced and rose to the resistance line of the wedge, where continues to trades close to this day. So, in my opinion, Gold can little grow higher than the resistance line and then start to decline to the support level. Also, I think the price, after falling to the support level, will break it and continue to decline, therefore I set my TP at 2660 points. Please share this idea with your friends and click Boost 🚀
The impact of Trump's failed assassination attempt on gold priceConsidering what happened to Donald Trump, it is not unlikely that gold will reach the $2500 level soon. We will wait until the excitement of the market is discharged at the reopening and after that we will decide to enter into the transaction. We are not in a hurry.
GOLD WILL KEEP GROWING|LONG|
✅GOLD will keep growing
Because the price is in the uptrend
And recently broke the key level of 2680$
So we will be expecting
Bullish continuation
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Gold on the Verge – Breakout to 2,705 or Drop Back to 2,673?Alright, folks, Gold (XAU/USD) is flirting with a breakout. If the bulls push it past 2,705, we could see some real upside momentum. But if it runs out of steam, we might dip back toward the 2,673-2,667 support zone for a reset.
Key Levels:
Resistance: 2,705 – A breakout here could spark a rally higher.
Support: 2,673 – Bulls need to hold this line to avoid more downside.
Fallback Zone: 2,667 – If this level cracks, we’re likely heading lower.
Right now, we’re at a pivotal moment. Will buyers keep the momentum alive, or are we headed for a quick pullback? Keep a close eye on the next move—there’s opportunity on both sides.
What do you think—are we breaking higher or taking a breather? Drop your thoughts, follow, and share if this helped you get prepped for the next move.
Mindbloome trader
Trade what you see
Gold's Next Move: Will It Rebound to $2720 After a Pullback?This analysis offers an exploration of XAUUSD (Gold) price fluctuations. Recently, Gold traded at approximately $2400—a crucial support level—and subsequently commenced an ascent within a broadening wedge formation. After surpassing the $2400 threshold, it corrected toward the support line of the wedge; however, it then surged upwards, breaking the $2635 mark. The price later encountered the resistance line, but it has since begun to decline. I anticipated that Gold might retreat to the support line of the wedge before rebounding and transcending $2635 once more, aiming for $2720.
GOLD - Price can exit from wedge and fall to $2625 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price fell to $2625 level and then bounced up to $2665 level, after which started to decline inside channel.
In falling channel, price some time reached $2665 level, but couldn't break it and later Gold fell below $2625 level.
Price exited from falling channel and started to grow inside wedge, where it broke $2625 level one more time.
Later price made a gap and made correction to support line of wedge, after which bounced up to resistance line.
Also, price broke $2665 level, and at the moment it continues to grow near resistance line of wedge.
So, I think, Gold can rise a little, exiting from wedge, and then bounce down to $2625 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GOLD Potential Short! Sell!
Hello,Traders!
GOLD is trading in a
Strong uptrend but the
Price has already hit a
Horizontal resistance
Of 2685$ and we are
Already seeing a local
Bearish reaction so we
Will be expecting a
Further local move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GOLD - Price can exit from triangle and rise to $2700 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to flat, where it some time traded near support area and then fell to bottom part.
After this, Gold made upward impulse, thereby exiting from flat and breaking $2530 level, and then entered to triangle.
Soon, price broke $2625 level and reached resistance line of triangle, after which made correction.
Price some time traded near $2625 level and even fell to support line of triangle, but soon backed up, making a fake breakout.
Also recently, Gold made a gap and now trades close to resistance line of triangle, so, I think it can make a little correction firstly.
Then price turns around and bounces up to $2700, thereby exiting from a triangle pattern.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GOLD RESISTANCE AHEAD|SHORT|
✅GOLD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 2685$
Price decline is to be expected
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Sell XAU/USD (Gold) Channel FormationThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a Channel Formation pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2650, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2624
2nd Support – 2607
Stop-Loss: To manage risk, place a stop-loss order above 2668. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Falling towards 61.8% Fibonacci support?The Gold (XAU/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the pullback resistance.
Pivot: 2,631.11
1st Support: 2,605.73
1st Resistance: 2,667.67
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold prices are upheld despite the obstacle of a strong dollar
The September CPI exceeding market expectations has reduced the likelihood of a Fed’s jumbo cut, leading to a sharp increase in the dollar and Treasury yields. The probability of a 50bp cut is now at 0%, with a 10.4% chance of rates remaining unchanged. However, despite the dollar going north, gold prices are getting attention, approaching all-time highs, partly due to ongoing geopolitical tensions in the Middle East. The upcoming release of September retail sales data is expected to impact gold prices directly. A solid retail sales outcome would reduce the likelihood of further Fed rate cuts, and the gold’s uptrend would take a break for a while.
XAUUSD bounced back to 2650 after briefly testing EMA21. The price sustains a solid uptrend within the ascending channel and holds above both EMAs, indicating a bullish signal. If XAUUSD breaches the resistance at 2680 and the ascending channel's upper bound, the price may gain upward momentum toward a new record high of 2780. Conversely, if XAUUSD breaks EMA21 and fails to hold above the ascending channel's lower bound, the price may fall further to the 2520 level, where EMA78 coincides.
Could the price bounce from here?The price is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,631.79
Why we like it:
There is a pullback support that aligns with the 50% Fibonacci retracement.
Stop loss: 2,604.25
Why we like it:
There is a pullback support level.
Take profit: 2,671.33
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAUUSD 13/10/24This week, gold's price action dropped and took out the liquidity to the left, as we discussed in last week's analysis. This move provided enough momentum to fuel a bullish shift, suggesting higher prices are likely, as indicated in our previous analysis. Looking left, there are two liquidity highs that are likely to be targeted next, followed by the all-time high, which is our primary target.
Based on the principle that we may see a pullback into bearish pricing, we have identified an area of demand. If this demand zone delivers a bullish setup, we can look to go long from here, aiming for the all-time high. However, if there is no reaction at this demand zone, we will look for the liquidity below to be taken. Should the price not pull back at all, we will then anticipate the all-time high to be taken directly.
Trade safe and follow your plan.
Have a great trading week!
Gold can reach resistance line of channel and then start to fallHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price bounced from the support level and started to grow near the support line to the resistance level, which coincided with the seller zone. Soon, the price broke the 2665 level and rose a little higher, but soon turned around and started to decline inside the downward channel, where it broke the support line with the 2665 level again. Gold dropped to the support line of the channel and then made impulse up to the resistance level and then continued to fall. Also later, the price reached the resistance level again, after which rebounded and dropped to the support line of the downward channel, breaking the 2625 support level, which coincided with the buyer zone. But a not long time ago it turned around and bounced up to this level, broke it again, and continued to move up. At the moment, Gold trades almost near the resistance line of the channel, so, I expect that it can reach the resistance line and then start to decline. Also, I think the price can break the support level and continue to fall, therefore I set my TP at 2615 points. Please share this idea with your friends and click Boost 🚀
Bearisd drop?The Gold (XAU/USD) is reacting off the pivot which acts as a pullback resistance and could reverse to the 50% Fibonacci support.
Pivot: 2,634.58
1st Support: 2,589.42
1st Resistance: 2,668.40
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
A Royal Breakout for Royal #Gold $RGLDExpect a royal breakout. Upside target at least $200. That is at least 40% from top range. Probably could happen after presidential election.
NASDAQ:RGLD
GOLD Gains in London Session Amid US Dollar Strength Gold continues to attract buyers during the London session, trading around $2,616 as it approaches a potential demand area, which could spark a pullback and further growth. However, the strong US Dollar (USD), which has preserved its recent gains to an eight-week high, is expected to act as a headwind for the non-yielding yellow metal.
US CPI Report and its Impact on Gold
The upcoming US Consumer Price Index (CPI) report is a key focus for traders, as it could shape expectations regarding the size of the Federal Reserve's potential rate cut next month. Depending on the CPI data, demand for the USD could shift, providing a significant driver for Gold prices. As a non-yielding asset, Gold typically moves inversely to the US Dollar, so any indication of an extended pause or slower rate cut by the Fed could impact Gold’s price direction.
Geopolitical Concerns and Safe-Haven Demand
In addition to economic data, traders are also watching geopolitical developments, particularly the ongoing conflicts in the Middle East, which continue to influence safe-haven demand for Gold. Any escalation in tensions could lead to further buying interest in the precious metal as investors seek safety amid market uncertainty.
Waiting for Key Demand Zones
Currently, we are waiting for the price to reach one of the identified demand areas before opening a potential position. These zones are critical for assessing whether Gold will experience a bullish pullback or continue facing pressure from the strong US Dollar. As the situation evolves, patience will be key in identifying the right moment to enter the market.
Conclusion
While Gold continues to attract buying interest, its trajectory will depend on upcoming US economic data, particularly the CPI report, and ongoing geopolitical tensions. We remain on the sidelines for now, awaiting a more favorable entry point as the price approaches key demand areas. Stay tuned for further updates as we monitor these developments.
✅ Please share your thoughts about XAUUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Sell Gold (XAU/USD) Triangle BreakoutThe XAU/USD pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2638
Target Levels:
1st Support – 2616
2nd Support – 2605
Stop-Loss: To manage risk, place a stop-loss order above 2660. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Potential bullish reversal?XAU/USD is falling towards the support level which is a pullback support that is slightly below the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 2,589.58
Why we like it:
There is a pullback support level that is slightly below the 161.8% Fibonacci extension.
Stop loss: 2,555.01
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 2,631.58
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
