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D-XAU

HelenP. I Gold will turn around from resistance level and dropHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the support level, which coincided with the support zone, and even later fell to this area, but soon backed up. Next, XAU made an upward impulse to the resistance level, which coincided with the resistance zone and even entered to it, after which turned around and made a strong impulse down to the trend line. Also, the price started to trades inside the wedge, where it rebounded from the trend line, which is the support line of the wedge also, and rose higher than the 2385 level, after which made the correction. Then price some time traded near this level and later continued to move up, and soon reached the 2465 resistance level. Gold entered to resistance zone, some time traded inside, and recently fell below, after which started to grow. So, for this case, I expect that XAUUSD will rise a little higher than the resistance level and then drop to the trend line. That's why I set my goal at 2435 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
Could Gold reverse from here?The price is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 2,431.92 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Stop loss: 2,412.83 Why we like it: There is a pullback support level. Take profit: 2,460.29 Why we like it: There is a pullback resistance level which lines up with the 50% Fibonacci retracement. 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.
VANTAGE:XAUUSDLong
by VantageMarkets
Buy Gold (Xau/Usd) 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 2474, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2496 2nd Support – 2506 Stop-Loss: To manage risk, place a stop-loss order below 2450. 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.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
7
Gold did nothing, So I slept + I had a headacheThe best thing about being a full time trader is being able to do what I want when I want and as much as I am in pain as I type this, Just knowing that I don't have to answer to anyone reduces that pain 10 fold for me, honest. I don't have to request any leave, I don't have to report to anyone. I can just go. Yeah sure making money is great but what good is it if it costs you your peace. I'd openly accept making 10 times less than what I make now in exchange for my peace. Yeah you read that right.
OANDA:XAUUSD
by Brandon_evo4
Gold can rebound from seller zone and continue to fall in rangeHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few moments ago reached the support level, which coincided with the support area and also entered to wedge, where at once rebounded from the resistance line to the support line. After this movement, the price started to grow from the support line and soon reached the resistance line of the wedge pattern again, but then it fell back. Then price broke one more time at the 2360 level and exited from the wedge, after which started to trades inside the range. In the range, gold quickly rose to the top part, which coincided with the resistance level and seller zone. Price even entered to this area, but at once turned around and dropped to the 2360 level, after which repeated movement up to the seller zone. Next, XAU turned around again and fell almost to support level, after which in a short time backed up, but a not long time ago rolled down from the seller zone. So, in my opinion, Gold can enter to seller zone one more time and then continue to decline inside range. For this reason, I set my TP at 2400 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Could Gold reverse from here?The price is rising towards the resistance level which is a pullback resistance and could potentially reverse from this level to our take profit. Entry: 2,482.47 Why we like it: There is a pullback resistance level. Stop loss: 2,509.10 Why we like it: There is a resistance level at the 127.2% Fibonacci extension. Take profit: 2,441.80 Why we like it: There is a pullback support level. 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.
VANTAGE:XAUUSDShort
by VantageMarkets
XAUUSD 4HR Update XAUUSD 4HR Update Following the previous analysis we correctly identified the market pivot off the key psych quarter zone and saw a bullish surge back up into the 2400s where price now sits at 2427.45, Going forwards I foreseeing price to make a push for the key level of 2450 and complete the next phase section of 2500 target. Check out my last update analysis to see how we progressed and leave a comment with your thoughts and ideas below :)
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
US30 Chaos and How to deal with itAs I would have mentioned within the last video I posted I was actually expecting a pullback - well it turned out to be a full on retracement and that forced me to stop trading because the momentum literally went against what I was expecting. This is to show how we can use probability, timing and momentum to make informed decisions on what trades we should and shouldn't take. Hope you have a good day today Look out for the next video I am going to post on GOLD
FX:US30
by Brandon_evo4
GOLD - Price can correct to support level and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price reached $2430 level, which coincided with resistance line and then made downward impulse. Price broke $2380 level and fell to support line, but soon came back, breaking support level again and continuing to grow. In a short time price rose to resistance line, breaking $2430 level, after which Gold broke resistance line too. Then price entered to triangle, where it fell to support line of this pattern, breaking two levels with support line. After this, Gold bounced up, breaking $2430 and $2380 levels and now it trades near resistance line of triangle. Possible, price can make correction to support level and then bounce up to $2475 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. A not long time ago price almost reached a resistance level, after which it turned around and dropped lower than the 2380 support level, which coincided with the support zone. After this movement, Gold turned around and soon rose higher than the 2380 level, breaking it one more time. Next, the price some time traded near this level and later made a strong impulse up, thereby breaking the 2435 level, which coincided with the resistance zone. After this movement, Gold some time traded near, and next it rebounded up to the trend line, after which started to decline. Gold quickly fell lower than the 2435 level, breaking one more time it, and dropped to the support zone. Then price bounced up from this area and some time later it rebounded up from the support level and rose to the trend line, which at the moment continues to trades near. For this case, I expect that XAUUSD will rebound from the trend line and start to decline to almost a support level. That's why I set my goal at 2390 points, which is located near the support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
6
Sector Rotation in Anticipation of Rate CutsMarkets have rebounded sharply after last week's fear-driven decline. Despite this, rate cuts are still anticipated in the upcoming FOMC meetings. Changes in monetary policy often benefit some sectors over others, providing investors a chance to adjust their portfolio allocations accordingly. This paper delves into a comparative analysis of sectors around monetary policy pivots to highlight how a spread between S&P Financials Select Sector and S&P Utilities Select Sector stands to benefit in the coming months. It also describes a hypothetical trade setup using CME E-Mini S&P Select Sector futures which can be used to express the view in a margin-efficient manner. RATE CUTS WILL HURT FINANCIAL FIRMS Financial firms benefit significantly from higher rates, as these drive net interest margin (NIM) expansion, boosting their bottom line. However, when rates start to decrease, this positive impact reverses. The Financials Select Sector ETF (XLF) is comprised of 25% banks, 31% financial services firms, and 16.6% insurance firms. All these firms have benefited from higher rates, albeit the strongest impact may be limited to banks and insurance firms whose overall bottom line is significantly impacted by expanding NIM. In the last three monetary policy pivots, XLF has declined by an average of 5.6% over the following six months. Conversely, at the start of rate hikes, the ETF has typically risen by an average of 3.7% in the subsequent six months. While the most recent pivot in 2019 saw an increase in XLF, the overall average trend suggests a decline. The trend is visible even when examining the relative performance of XLF and SPX. Following rate cuts, the spread declined by an average of 2.8% while during rate increases, it declined by just 1.1%. There is another headwind facing the XLF ETF, particularly banks – rising credit delinquencies. Credit card delinquencies are especially concerning as they stood at the highest level in 13 years as of Q1 2024. Overall delinquencies are also rising and near the highest level since 2021. Updated data from the New York Fed has shown that conditions remained stressed in Q2 with total delinquencies at 3.2%. Particularly concerning were severe (>90 days delinquent) credit card delinquencies at a staggering 10.93%. Consumers are increasingly relying on unsustainable credit card debt to cover expenses. As delinquencies remain elevated, issuing banks must increase loan loss provisions which impacts earnings directly. Source: New York Fed As credit card usage becomes unsustainable, another class of companies in XLF – payment processors - will also be hurt. The largest payment processors (Visa, Mastercard, and Amex) represent nearly 15% of the XLF index. RATE CUTS WILL BENEFIT UTILITY FIRMS Unlike financial firms, utility companies have struggled in a high-rate environment. As their huge capital expenditure is often fueled by debt, higher rates result in narrower profits. As rates decline, debt payments decrease, leading to expanded profit margins for utility firms. Historically, the ETF has shown a significant average increase after rate hikes and a smaller increase after rate cuts. This behavior might be due to investors anticipating a weakening economy following rate cuts, which would favor utility firms. However, the index tends to correct later once rates remain elevated for some time. The impact is close to even when comparing the relative performance against the broader S&P 500 with both periods resulting in a ~6% increase in the spread. Utility firms are also likely to outperform in case of a US recession. Although some of the concerning economic data has normalized over the past week, the risk of a recession in the US persists. As utility firms provide essential services, their cash flows are relatively stable even during recessions. While consumers may cut down on discretionary spending, spending on essential services remains unaffected. Mint Finance previously covered these factors in a separate paper. HYPOTHETICAL TRADE SETUP A pivot in Fed Policy is expected in the upcoming FOMC meetings with the CME FedWatch tool signaling 100 basis points of rate cuts in 2024 itself. Rate cuts will impact different sectors differently. While utility firms stand to benefit from lower rates, financial firms may see lower profits. Source: CME FedWatch The spread between CME E-Mini Utilities Select Sector Futures (XAU) and CME E-Mini Financial Select Sector Futures (XAF) has been rising since March as it has favored XAU. The spread responded strongly to a shift in rate cut sentiment as well as the recession signal at the start of the month. The recent correction over the past week offers an improved entry point into the spread. A hypothetical trade setup using XAU futures expiring in September (XAUU2024) and XAF futures expiring in September (XAFU2024) is described below. CME offers margin offset totaling 60% for this spread reducing the capital requirement to USD 3,740. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme. DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
CME_MINI:XAU1!Long
by mintdotfinance
BUY TRADE ON XAUUSDPotential Trade Setup on XAUUSD The price broke out of a strong resistance zone and a long-used Trendline but yet to retest the broken structure. The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FOREXCOM:XAUUSDLong
by Adefxc
Sell Gold (Xau/Usd) wedge BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge 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 2427, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2403 2nd Support – 2388 Stop-Loss: To manage risk, place a stop-loss order above 2440. 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.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
6