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Could price reverse from here?The Gold (XAU/USD) is rising towards the pivot and could reverse to the 1st support. Pivot: 2,390.87 1st Support: 2,335.77 1st Resistance: 2,422.88 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.
ICMARKETS:XAUUSDShort
by ICmarkets
+$374.00 on Gold Call Today What is up traders, Brandon here - Absolutely lovely call on Gold this morning. Below are the links to all the minds that I would have posted before and after the trade itself was taken> www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com www.tradingview.com I like showing all the receipts because this gives clarity, you get a good idea of before and after. I hope you understood where I was coming from with this one. Have a great rest of your day - see you guys soon =)
OANDA:XAUUSDShort
by Brandon_evo4
GOLD - Price can reach support line of channel and start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price bounced from support level and rose to $2387 points, after which entered to wedge. In wedge, price fell to support line, breaking $2320 level, but soon price backed up, breaking this level again. Then it rose to resistance line of wedge, after which made correction to support line and then made strong upward impulse. Gold exited from wedge and later broke $2420 level, after which rose a little more and then started to decline in channel. In falling channel, price broke $2420 level one more time and at the moment, it trades near support line. I think XAU can fall to this line and then bounce up to $2395, which coincides with resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2
Gold (Xau/Usd) H4 Trendline BreakoutThe XAU/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Days. Key Points: Sell Entry: Consider entering a short position around the current price of 2405, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2335 2nd Support – 2297 Stop-Loss: To manage risk, place a stop-loss order above 2490. 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
34
XAUUSD - 1H a modest rise before more fallOANDA:XAUUSD I anticipate a modest rise in gold prices from the current support levels, which should serve as a pullback before a further decline. The technical analysis indicates strong support at the bottom of the trading range and the current support level, suggesting a temporary upward movement. In the political arena, recent news that President Joe Biden has dropped out of the presidential race has significant implications. Vice President Kamala Harris has been introduced as his successor, altering the dynamics of the upcoming election. This shift has also led to a decrease in former President Donald Trump’s chances of reclaiming the White House. These political developments add a layer of uncertainty that typically benefits gold, a traditional safe haven asset.
OANDA:XAUUSDLong
by Sober_Trading
Gold Absolutely Destroys Sellers, Simultaneously fools BuyersWhat's up guys, I hope this message finds you well. It appears that gold did actually play out almost exactly like I wanted it to and surprisingly I was right. Here is the link to the original analysis - www.tradingview.com The good thing about this is that due to it being a news event I wouldn't have been able to engage anyway until maybe after the event but had I engaged I would have absolutely been right. Also You'd realize that I don't just call out buy here or sell there without an explanation. I do this for 2 reasons. 1. I believe in order for you to get better you need to be able to explain what it is you think you understand to others in a way that helps them understand And 2. If as a trader you don't like over-explaining\analyzing things.. I got some bad news for you buddy, this may not be the correct industry for you. You have to be able to explain why you are taking specific trades even if it just to explain it to yourself. If you cannot do that then taking the trade is likely ill-advised. Hope you enjoy this one, have a good rest of your day, see you guys soon!
OANDA:XAUUSDShort
by Brandon_evo4
7
GOLD Short The daily chart for CFDs on Gold (XAU/USD) indicates a potential short trade setup based on recent price action and liquidity analysis. Key Levels: * Resistance Zone (TS): $2,458.19 * Current Price: $2,411.80 * Sellside Liquidity Target: $2,294.95 Analysis: 1. Fair Value Gap (FVG): The market has shown a fair value gap in the highlighted grey area, indicating potential bearish pressure if the price fails to reclaim this zone. 2. Liquidity: The blue zone marks an area where sellside liquidity is likely to be targeted. This area, around $2,294.95, could serve as a significant support level where short positions might consider taking profit. 3. TS: The red highlighted area near $2,458.19 represents a strong resistance zone where the price has previously rejected. Trade Setup: * Entry: Consider entering a short position around the current price level of $2,411.80, especially if the price shows signs of rejecting the FVG zone. * Stop Loss: Place a stop loss above the recent high around $2,460.00 to protect against any unexpected bullish momentum. * Take Profit: The initial take profit target should be set around the sellside liquidity at $2,294.95.
TVC:GOLDShort
by SerenityEquity
HelenP. I Gold can break resistance level and continue to growHi 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 at once bounced and tried to grow, but failed and dropped lower this level, breaking it. Then in a short time, Gold rose higher than the 2320 level, breaking it again and some time traded near, after which fell back to the trend line, After this movement, the price rebounded from this line and started to grow and in a short time rose 2391 points, after which made small correction movement. Then price reached the resistance level, which coincided with the resistance zone, broke it, and rose to 2483 points, but soon turned around and dropped to the trend line, thereby breaking the resistance level one more time. But now, XAUUSD trades close to this level and I expect that the price will make a small movement down to almost the trend line and then rebound up higher than the resistance level, breaking it and continuing to move up. That's why I set my goal at 2460 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
2
Bearish reversal?The Gold (XAU/USD) is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support level which is also an overlap support. Pivot: 2,419.86 1st Support: 2,386.65 1st Resistance: 2,439.80 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.
ICMARKETS:XAUUSDShort
by ICmarkets
1
XAUUSD - Gold DailySimple Trading - Cup and Handle pattern Gold has made a break from its bullish momentum and is now finding support at 2380. Expect gold to continue to reject the previous low and continue to make higher lows. If the Cup and Handle pattern plays out correctly, 2380 should be the lowest gold should go before reaching TP1. How to trade the pattern: Entry 1 is the 50% fib retracement from the previous impulse. In our case, gold has dropped perfectly to the 50% fib Entry 2 is the breakout. BULLS: Pay attention to the previous week's candle close. the high of last week was 2480. We are currently in a 1000pips range or 100 points. If gold fails to remain bullish over the next couple of days gold may surpass the previous high and reach target 1. BEARS: we can see the market may consolidate shown in ZOOM 4HR. If strong sell pressure keeps gold under the next daily FVG which is around 2445-2451, we may look to take some profits. if gold remains bearish and breaks below 2380 we look to change our basis and look for more sells in the short term. *These are just my thoughts, not financial advice.
CITYINDEX:XAUUSDLong
by nikdobii
XAUUSD 23/7/24This week’s gold markup is looking very similar to EUR/USD. We have trendline liquidity sitting under the current lows. We have taken some obvious liquidity, so this could be an early sign that price action may be shifting bearish for a longer-term move. Bear in mind, we have taken all-time highs on gold, as we have across the higher timeframes, meaning that our higher timeframe bias is bullish, and we must, of course, respect that. However, this does not mean we are not going to have a pullback that could last for several days or several sessions, so keeping this in mind is key. Now, if you see on the chart in front of you, there are three separate scenarios that I have marked: 1. Scenario one: We break the bearish 4-hour high, bringing us back into a bullish directional movement. I am looking at the trendline area and the higher timeframe area of supply for possible sell-offs into the lows we have marked on our chart. If we break the 4-hour high, we will be back into a bullish directional bias. This does not mean that the price is 100% going to sell off, as we will be bullish if we do not react at the trendline area and the supply area. I will be looking for the previously created all-time high to be taken and price action to continue the bullish delivery. 2. Scenario two: We continue bearish within the 4-hour selling range that we are currently in. This causes price action to break down, and we will look for the liquidity lows to be taken. This will, of course, give us a deeper pullback on the higher timeframe, and I will then be looking for longs if we shift structure. Stick to your plan and trade what the price is showing you. I hope you all have an amazing week.
OANDA:XAUUSD
by PipSurfingSociety
GOLD to find sellers at market price?Gold - 24h expiry Posted a Double Top formation. Short term bias has turned negative. 5 negative daily performances in succession. 20 4hour EMA is at 2411.5. We look for a temporary move higher. We look to Sell at 2411.5 (stop at 2427.5) Our profit targets will be 2371.5 and 2361.5 Resistance: 2404.0 / 2412.2 / 2420.0 Support: 2383.9 / 2370.0 / 2350.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
6
Could Gold rise from here?The price is currently reacting off the pivot which is an overlap support and could potentially rise to the 1st resistance. Pivot: 2,392.79 1st Support: 2,371 1st Resistance: 2,419.04 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.
ICMARKETS:XAUUSDLong
by ICmarkets
1
After breakout of support line, Gold can continue to declineHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some time declined to the buyer zone, which coincided with the support level and started to grow inside the wedge, where it at once rebounded from the support line to the resistance line. When the price reached the resistance line of the wedge, which is located in the seller zone, it turned around and made a downward movement, breaking the resistance level. After this, Gold tried to grow, but failed and dropped to the support line of the wedge, after which turned around and bounced back to the resistance line of the wedge. Then the price declined to support line again and then started to grow, after which soon exited from the wedge. Price continued to grow near the support line and later reached the 2430 level, broke it, and rose even higher than the seller zone to 2483 points. But some time ago it turned around and made impulse down to the support line, breaking the resistance level one more time, and now Gold tried to break the support line too. So, I think that the price can finally break this line and then make a retest, after which continue to decline. Therefore I set my TP at 2340 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Sell Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel 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 2465, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2425 2nd Support – 2403 Stop-Loss: To manage risk, place a stop-loss order above 2487. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
35
GOLD - Price can bounce down from pennant to $2340Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from $2375 level and tried to grow, but soon turned around and made downward impulse. Price broke $2375 level and entered to flat, where it little later made fake breakout of $2375 level and bounced down. Then Gold rose almost to top part of flat and then corrected, after which started to grow inside pennant. Some time later price exited from flat, made small movement down to support line of pennant, and then bounced up. Gold broke $2375 level and rose to resistance line of pennant, but not long time ago corrected to support line. Possibly, price can make little move up and then bounce down to $2340, breaking support level and exiting of pennant too. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2