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D-XAU

Gold Market Analysis: Retracement Signals and Scalping ProspectsGold experienced a significant retreat upon reaching the upper boundary of its channel, approximately at the value of 2333.35. Currently, the price has faced resistance and subsequently retreated from the 50% Fibonacci retracement level, indicating a potential pullback towards the upper bounds of the channel. In response to these developments, we are actively evaluating potential scalping opportunities within this market context. However, traders may opt to exercise patience, awaiting additional cues to confirm the conclusion of the corrective decline from the all-time peak, before positioning themselves for potential further gains.
OANDA:XAUUSDLong
by FOREXN1
1
Gold can make correction and then continue to move upHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some time ago rebounded from the support line, which coincided with the 2305 support level and buyer zone and started to rise to the 2380 resistance level. When the price reached the 2380 level, it soon broke it and rose to the resistance line, but then Gold turned around and made an impulse down almost to the support line, breaking the resistance level again. Later, the price in a short time rose to the seller zone, some time traded inside, and then made the correction below. After this, Gold rebounded up to 2415 points, thereby breaking the resistance level and line, but after this, XAU turned around and started to decline inside the downward pennant. Inside the pennant, the price broke the 2380 level one more time and fell to the support line of this pattern, which coincided with the buyer zone. Then price bounced from this line and in a short time rose higher than the 2305 level, making a fake breakout and even recently price exited from the pennant and now trades close to the resistance line. In my opinion, Gold can make corrections to this line and then rebound up. For this case, I set my target at the 2360 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
2
Sell XAUUSD Bearish PennantThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish flag pattern following a strong downward move. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the flag after confirmation. Ideally, this would be around 2330 or lower if the price continues to decline. Target Levels: 2272: This represents the height of the flag, measured from the flagpole (initial downtrend) to the top of the flag, projected downwards from the breakout point. 2240: This is a further extension of the downside target, based on the height of the flagpole. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the flag, ideally with some buffer around 2340. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
3
Buy XAUUSD Channel BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price increases in the coming hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 2320 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following points: 2373: This represents the height of the channel, measured from the channel's base (opposite trendline) to the breakout point, projected upwards from the breakout. 2410: This is a further extension of the upside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 2290. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
9
HelenP. I Gold will correct to support level and then rebound upHi folks today I'm prepared for you Gold analytics. A few moments ago price reached the support level, which coincided with the support zone, but at once rebounded and declined to the trend line. After this movement, XAU turned around and made a strong impulse up, breaking the 2300 level, after which it rose a little more. Later Gold corrected, after which in a short time rose to a resistance level, which coincided with the resistance zone. Also, the price broke this level and rose a little more, but soon it turned around and made an impulse down to the trend line, breaking the 2400 level again. After this movement, the price in a short time rose to the resistance level and then made a strong impulse down to the support level, thereby breaking the trend line. As well price formed a pennant pattern, but for this day XAU continues to trades near the 2300 support level and I expect that Gold will make a correction to the support level and then rebound up. That's why I set my target at 2350 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
1
Gold (Xau/Usd) Symmetrical TriangleSymmetrical Triangle Pattern on Gold (XAU/USD) H1 Chart A symmetrical triangle pattern has been identified on the H1 chart for Gold (XAU/USD). Here's a breakdown of its characteristics: Description: This pattern is formed by two converging trendlines, one drawn above the highs and another below the lows, with price action oscillating between them and creating a triangular shape. The trendlines ideally have a similar slope, making the triangle symmetrical. Potential Interpretations: Continuation Pattern: Often, symmetrical triangles act as continuation patterns. If the price breaks above the resistance trendline (upper trendline), it suggests a potential continuation of the previous uptrend. Conversely, a break below the support trendline (lower trendline) might indicate a continuation of the downtrend. Reversal Pattern: In some cases, symmetrical triangles can precede reversals. A breakout above resistance could signal a bullish reversal, while a breakdown below support might indicate a bearish reversal. Additional Considerations: Volume: Ideally, there should be a decrease in volume as the triangle progresses, suggesting dwindling momentum before the breakout. Volatility: A breakout is often accompanied by a surge in volatility. Trading the Pattern: Breakout Confirmation: Wait for a confirmed breakout above resistance or below support before entering a trade in the direction of the breakout. Stop-Loss: Place a stop-loss order below the support trendline for long positions and above the resistance trendline for short positions. Profit Target: Potential profit targets can be based on the height of the triangle or technical indicators. Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
8
XAUUSD 1HR Simple trading - Support and resistance *HEAD N SHOULDER TP HIT(prev chart) *Potential Bullish Wedge Forming Conclusion, Look to sell after a pullback to 2230 The Why: With robust economic indicators propelling interest rate yields upward and the potential for geopolitical tensions in the Middle East to abate, the question arises whether gold, traditionally seen as a safe-haven asset, has relinquished its appeal. For traders monitoring the gold market, the pivotal point to observe lies in whether the price manages to breach the crucial support level at 2330, as illustrated in the accompanying image. This level has historically attracted significant buyer interest, underscoring its importance in the market dynamics. However, it's worth exercising caution for bearish traders. Despite the recent fluctuations, gold continues to exhibit a formidable uptrend on the daily chart. Moreover, the fluid nature of geopolitics suggests that unforeseen developments could swiftly reignite bullish sentiment, potentially propelling gold to retest and surpass its previous all-time highs. In essence, while the current market conditions may hint at a potential selloff, the interplay of economic data and geopolitical factors underscores the need for vigilance and adaptability in trading strategies.
OANDA:XAUUSD
by nikdobii
Could XAU/USD reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2358.67 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 2399.92 Why we like it: There is a pullback resistance level Take profit: 2305.31 Why we like it: There is a pullback support level which aligns with the 61.8% 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:XAUUSDShort
by VantageMarkets
Gold Prediction(4/22/2024)As the Geopolitical crisis eased, We believe the gold price OANDA:XAUUSD will fall eventually As you can see the price made a sharp decline last week. after that during the week corrected, right now geopolitical matters seem calm so the market is shorting gold. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
PEPPERSTONE:XAUUSDShort
by fortunamarkets