GOLD - Price can start to decline, breaking support lineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to grow inside a rising channel, where it firstly declined to support line.
Then it rose to $2435 level, broke it, and continued to move up to resistance line, which coincided with $2530 level.
Next, XAU some time traded near this level and later fell to support line of channel, after which made an upward impulse.
Price broke $2530 level and rose to resistance line of channel, which soon broke also, thereby exiting from rising channel.
At the moment, Gold trades near this line and I think it can rise a little more and then bounce down to $2580.
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D-XAU
Buy XAUUSD (Gold) Bullish FlagThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2660, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2681
2nd Support – 2696
Stop-Loss: To manage risk, place a stop-loss order below 2648. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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XAUUSD - 4H Higher targetsFX:XAUUSD prices are currently in a strong upward trend, having broken past the $2,600 resistance level. Based on the technical analysis, this surge opens up a path toward the $2,650 target, supported by the recent bullish movement. The chart clearly indicates that a pullback to the $2,600 zone would present a solid buying opportunity. Traders are encouraged to stay calm during any temporary declines and consider adding to their positions in anticipation of further gains.
Fundamentally, escalating geopolitical tensions in the Middle East, particularly the ongoing Israel-Hamas conflict, have significantly boosted gold prices as investors seek safe-haven assets. Gold’s role as a hedge against global uncertainty has become even more pronounced with concerns of the conflict escalating across the region, leading to increased demand. Additionally, broader fears of economic instability, inflation, and potential recessionary pressures have further driven this bullish sentiment in gold markets.
As both technical and fundamental factors align, CAPITALCOM:GOLD is well-positioned to reach the $2,650 target. Traders should remain vigilant for any price dips, as these may offer prime opportunities for further entry into the market.
Gold's Rally Nears an Interesting Zone: Time to Lock in Profits?In six of the last seven months, Gold has hit new all-time highs. It's been an impressive rally, especially after breaking the significant psychological level of $2000. It took almost four years and seven failed attempts before the 8th finally succeeded, followed by a textbook retest—and here we are today.
From my perspective, XAUUSD has now reached a highly interesting zone. Two of my key criteria— channel projection and equal waves —are in play, which are useful when there's no previous price action traffic from the left.
Is this a short/sell zone? No, I don’t think so. Instead, it’s a prime spot to consider taking profits . If you've been wondering when and why to lock in some gains, the price action suggests this could be an ideal opportunity.
While shorting opportunities may present themselves, it will take time for the price action to develop and show signs of a potential downturn. The last time we saw a Lower Low on the Weekly chart was back in September 2022. So, jumping into a short position right now could be extremely risky. Even on the Daily chart, higher lows have been forming consistently.
To sum it up: this is not an area to short but rather an interesting zone to watch for future developments. If you’re uncertain, this could be a perfect point to take partial or full profits.
A Quick Overview of the Criteria:
Channel Projection – You may have heard that prices move within channels. Right now, we’re trying to predict the upper trendline of the channel as the price takes shape. Start by drawing the lower trendline, from wick to wick (or body to body). I’ve drawn mine using the wicks, marked with a red circle. Then, copy and paste it to the highest peak between the lower points. This gives us the channel projection. Feel free to try this on other charts and share your results in the comments!
Equal Waves – I call this method "equal waves," though others may have a different term for it. The idea is to measure major price swings. In this case, the first major swing was from near all-time lows to the 2011 high. After the correction, the second swing started in December 2015. Copy and paste the length of the first swing, and you’ll see it matches closely with the parallel channel’s projection.
Together, these two criteria have worked well for me to identify both buying and profit-taking zones. For example, I’ve applied them successfully to stocks like MMM , AMD , and NVIDIA .
Summary:
Gold (XAUUSD) has hit new all-time highs in six of the last seven months, breaking the $2000 level after years of attempts. Now, the price has reached an interesting zone for profit-taking rather than shorting. Two key technical analysis criteria—channel projection and equal waves—suggest it’s a strong area to consider locking in gains. However, it’s too early to consider shorting, as no clear signs of a downturn have appeared yet.
GOLD Potential Short! Sell!
Hello,Traders!
GOLD is trading in a strong
Uptrend and it is locally
Overbought so as the price
Is about to hit a rising resistance
Line we will be expecting a
Potential local bearish correction
Sell!
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Check out other forecasts below too!
SILVER SHORT via AG (WORST RUN MINER IN THE GAME) FUNDAMENTAL
- Price of Silver aside, AG is an incredibly poorly run miner. From mass share dilution to disastrous acquisitions I can not think of a more poorly run company. The stock price speaks for itself... sitting near the lows of the year despite silver at recent highs.
SILVER
- Silver has been behaving very weak in relation to Gold. Unless we break out above 31.50-32.50 I see Silver continuing to be range bound at best. There are many reasons for this. Mainly indications from strong correlations that I will not mention (secret sauce).
TECHNICALS
- The price is at a solid supply level (6.20) and has already began dramatic impulses to the downside at any hint of Silver rolling over. In addition we have divergence on the RSI.
DISCLAMER: No Neumeyers were hurt in the making of this post
GOLD Breaks Records,Overbought Signals Hint at Scalping ReversalGold surged to a new all-time high near $2,610 on Friday as expectations grew that global central banks will join the Federal Reserve (Fed) in easing monetary policy and cutting interest rates. Investors are increasingly turning to gold as a safe-haven asset, driven by the prospect of lower interest rates, which diminish the opportunity cost of holding non-interest-paying assets like gold. This surge in gold’s value is largely attributed to the growing consensus that central banks worldwide will follow the Fed's lead in slashing rates to stimulate economic growth.
Lower interest rates typically favor gold, as they make alternative interest-bearing investments less attractive. With fewer benefits from higher-yielding assets, gold becomes a more appealing choice for investors looking to protect their wealth in an environment of falling rates. However, as gold reaches new highs, there’s a caveat: when access to gold becomes easier, it reduces the perceived value of holding it, as the scarcity that once made the asset so desirable begins to wane.
Amid this record-breaking rally, we’ve noticed overbought conditions in the gold market, signaling a potential opportunity for scalpers. A short-term bearish setup is forming as gold nears a technical exhaustion point. The sharp rise in price has pushed gold into overbought territory, which often precedes a pullback or reversal. This presents a lucrative opportunity for traders looking to capitalize on a quick price correction.
From a technical standpoint, gold is showing signs of a potential reversal, as momentum indicators flash warning signals of an impending price downturn. Scalpers and short-term traders may find an attractive entry point for a bearish trade, particularly if gold fails to maintain its new record high and starts retreating toward key support levels.
While the long-term outlook for gold remains bullish due to global monetary easing, in the short term, market conditions may favor a pullback. Traders looking for a short-term bearish setup should monitor key resistance levels and momentum indicators for confirmation of a reversal. With gold hovering near its peak, the potential for a temporary correction is becoming increasingly likely, making it a prime target for short-term profit opportunities.
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HelenP. I Gold will rebound from trend line and continue move upHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the trend line and then started to move up near this line to support 2, which coincided with the support zone. When the price reached this level, it broke it and rose a little more, but soon turned around and dropped, breaking support 2 and the trend line too. Soon, Gold turned around and continued to move up next, and later it broke the trend line with support 2 one more time. Next, the price rose to support 1, which coincided with one more support zone, and some time traded near this level, after which turned around and made a correction movement below the trend line. Gold some time rose near below this line and later broke support 1, after which in a short time broke the trend line too. Just now, the price trades close to this line and I expect that XAUUSD will rebound from the trend line and continue to move up. For this reason, I set my goal at 2620 points. If you like my analytics you may support me with your like/comment ❤️
Bullish bounce off major pullback support?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 2,531.45
1st Support: 2,500.49
1st Resistance: 2,588.56
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Is Gold Predicting a 50-Point Rate Cut? Gold surged to an all-time high before pulling back, as investors await the Federal Reserve’s first move to ease monetary policy in over four years.
Traders are pricing in a 67% chance of a 50-basis-point rate cut, according to CME’s FedWatch Tool. Yet, despite growing expectations of an aggressive start to the policy easing, gold has slipped 0.5%, paring last week’s gains to 2.9%.
Could we see more downside in gold if a 25-basis-point eventuates from the Fed? $2,530 could be a potential level of support in this scenario.
Technical indicators, including the Relative Strength Index (RSI), have eased from near-overbought levels but perhaps not enough to suggest a more significant decline in gold prices is imminent.
XAU - big short soon)My analysis is based on a classical pattern and there was a fake 4 top, which made an impulse upwards, or rather 4 top is a trap that collects liquidity upwards and then rolls strongly downwards to collect liquidity with a strong decline into the zones I indicated and this is still an optimistic scenario.
XAUUSD 16/09/24This week for gold, we are building on the overall outcome of last week's price action, which was a new all-time high—a move we’ve been anticipating for the past few weeks. Price action remains clearly bullish and continues to maintain its upward bias across both higher and lower timeframes.
With this in mind, we need to wait for a clear high to form within the hourly to daily timeframes in order to determine where we expect the price to pull back to until the high of our range is established. For now, we are simply anticipating price action to continue moving upwards. Please refer to the chart for potential short-term price pullbacks if the current high is maintained.
We have a straightforward trajectory of institutional price action heading to the upside. There is a clear area of demand that broke the previous all-time high, so a pullback to these areas is possible. However, until a new high is established, we can’t form a solid short-term pullback bias.
Remember, when prices are reaching new all-time highs, the last thing you want to do is short the market. Therefore, our bias remains long, as it has been for the past several months.
Trade safely, stick to your risk management, and always follow your plan.
Gold price analysis in 30 minutes#Gold in the 30-minute time frame, the price ceiling is $2531. From every angle I look at it, all the sell orders have been cleared and the price is being corrected to take the right place and move sharply upward again to break the price ceiling of 2531.
The possible forecast is drawn on the chart, but trading is done only with setup in the desired areas.
Currently, gold is offered to spot and physical gold buyers to buy and hold gold in any price correction. Initial Targen $2531.706.
Gold will make downward movement to support levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price trades in the range, where it long time trading near the current support level, which coincided with the support area and top part of the range. After this, the price turned around and made a small movement up, after which rose back to the support area and soon started to decline to the bottom part of the range. When Gold fell to this part, it broke the 2485 level and declined a little below, thereby exiting from the range. Then the price started to an upward channel, where it broke the 2485 level one more time and in a short time rose to the resistance line of the channel and then made a correction to the support line. Next price continued to move up inside the channel and soon reached the 2525 level, after which made small correction to the support line of the channel. After this, Gold made a strong upward impulse, thereby breaking the 2525 level, and later exited from the channel. At the moment, the price continues to move up, so, in my opinion, Gold can make a downward movement to the support level. For this case, I set two TP, first at the 2550 points, and second at the 2525 level. Please share this idea with your friends and click Boost 🚀
GOLD MASSIVE SWING BREAKOUT|LONG|
✅GOLD is trading in an
Epic uptrend and now we
Are seeing a massive bullish
Breakout of the key horizontal
Level of 2530$ which was an
All-time-high too and the breakout
Is confirmed which reinforces our
Bullish bias and after a pullback
And a retest of the new support
Below we will be expecting a
Further bullish swing move up
LONG🚀
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