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Gold Rush 2.0: Will the Metal Continue its Climb?Gold has been on a tear in 2024 fueled by a confluence of global uncertainties, the precious metal has seen its price surge nearly 20% since mid-February, reaching a series of all-time highs.expand_more But according to macro fund managers interviewed by Bloomberg, this rally might just be getting started. The Allure of Gold: A Safe Haven in Tumultuous Times Gold has historically been a safe-haven asset, a reliable store of value during times of economic or political instability.expand_more Investors flock to gold when traditional investments like stocks and bonds become volatile.expand_more This is precisely what we're witnessing in the current market climate. • Geopolitical Tensions: The ongoing conflict in the Middle East and the simmering tensions between Russia and Ukraine are creating a sense of unease on the global stage. Investors seek the stability that gold offers during such periods.expand_more • Inflationary Pressures: Inflationary concerns are rising worldwide.expand_more As the purchasing power of fiat currencies erodes, gold, with its long history of holding its value, becomes a more attractive investment.expand_more • Central Bank Policy: The Federal Reserve's potential interest rate cuts this year are another factor driving investors towards gold.expand_more Lower interest rates decrease the opportunity cost of holding non-interest-bearing assets like gold, making them relatively more appealing.expand_more Macro Fund Managers See Further Upside Macro fund managers interviewed by Bloomberg are bullish on gold's future. They believe the factors currently driving the price increase are likely to persist, fueling further gains.expand_more Here's a closer look at their reasoning: • Persistent Geopolitical Tensions: Unfortunately, there's no clear resolution in sight for the ongoing geopolitical conflicts. These tensions are likely to continue feeding the demand for safe-haven assets like gold.expand_more • Inflationary Trajectory: Global inflation is expected to remain elevated for the foreseeable future.expand_more This will continue to push investors towards gold as a hedge against inflation. • Central Bank Dovishness: If central banks maintain a dovish stance on interest rates, it will further bolster the appeal of gold.expand_more Beyond the Bullish Sentiment: Examining the Landscape While the outlook for gold appears optimistic, there are other factors to consider: • Strength of the US Dollar: The US dollar, often seen as a competitor to gold, remains relatively strong.expand_more A significant weakening of the dollar could further accelerate gold's rise.expand_more • Stock Market Performance: A strong rebound in the stock market could potentially pull some investors away from gold. However, the current market volatility suggests that such a rebound might be unlikely in the near future. • Consumer Demand: Gold's allure extends beyond its role as an investment. Physical demand for gold in jewelry and other applications can also influence the price.expand_more Gold vs. Other Safe-Haven Assets: While gold is the traditional safe-haven asset of choice, investors also consider other options, such as: • Treasury Bonds: Investors seeking low-risk alternatives might favor US Treasury bonds, especially if they anticipate interest rate cuts. • Cryptocurrencies: Bitcoin, often touted as "digital gold," has seen increased adoption as a safe-haven asset in recent years.expand_more However, its inherent volatility may deter some investors. The Final Verdict: A Golden Opportunity or a Glimmering Bubble? The near-20% surge in gold prices since mid-February presents an intriguing opportunity for investors.expand_more However, the future trajectory remains uncertain. Carefully consider your risk tolerance, investment goals, and overall portfolio allocation before making any decisions. Investing in Gold: A Look at the Options There are several ways to invest in gold: • Physical Gold: Purchasing physical gold bars or coins offers direct ownership of the metal.expand_more However, storage and security costs need to be factored in. • Gold ETFs (Exchange-Traded Funds): These offer a convenient and cost-effective way to invest in gold without the hassle of physical storage.expand_more • Gold Mining Stocks: Investing in gold mining companies can offer leveraged exposure to gold price movements.expand_more However, this route comes with additional risks associated with the company itself.exclamation Conclusion: Weighing the Evidence Gold's recent price surge and the optimistic outlook from macro fund managers suggest that the yellow metal's ascent might not be over.expand_more However, a multitude of factors can influence its price.expand_more By staying informed about global events, economic data, and central bank policies, investors can make informed decisions about whether to include gold in their portfolios.expand_more Remember, diversification is key, and gold should be viewed as a complementary asset class rather than a standalone investment.expand_more
OANDA:XAUUSDLong
by bryandowningqln
What could stop gold’s bullish momentum? The end of the week brings a host of significant data releases, including the US Consumer Price Index (CPI), the FOMC minutes from the March meeting, and interest rate decisions from both the Bank of Canada and the European Central Bank (ECB). Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox (link below). A hot CPI print may provide support for the US dollar and potentially limit gold’s climbs, or at least give some pause (or pullback) to allow for an entry point. Yesterday the Bank of America raised its gold outlook, expecting the metal to average $2,500 an ounce by Q4. An interesting note came from the Former St. Louis Fed President James Bullard (note included in FOMC meeting minutes, but interesting nonetheless) who said that the US Fed could already justify a rate cut on the data it currently has, but because it has time on its side, it probably will probably wait. Based on the daily chart, overbought conditions could potentially start to exert pressure on XAU/USD. The 20-day Simple Moving Average (SMA) is positioned more than $100 below the current trading price, albeit still well ahead of the 50-, 100-, and 200-day SMAs.
BLACKBULL:XAUUSD
by BlackBull_Markets
Gold can make one more upward move and then start fallHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago started to trades in a wedge, where it first rebounded from the support line and made impulse up to the resistance line, breaking the 2145 support level, which coincided with the buyer zone. After this, the price rebounded from the resistance line and declined to the support level, after which it at once bounced and in a short time rose to the resistance line of wedge. But the price at once rolled down to the support line back and then Gold made an upward impulse from this line to the current support level, which coincided with the support area, thereby exiting from the wedge pattern. Soon, Gold broke the 2270 level and some time traded in the support area, after which it a not long time ago rebounded and made impulse one more time. So, in my opinion, Gold can make one more upward move and then start to decline to support area. For this case, I set my target at the 2270 support level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
3
XAU/USD 09 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's relentless bullish run following the Fed's dovish outlook. Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low. Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm. Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS since weekly analysis dated 07 April 2024 where price continues to print all time highs. Price is now trading within a confirmed internal range following bearish CHoCH. First structural sign, but not confirmation that pullback is about to initiate is a bearish CHoCH, which price has printed. Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high. Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD - Price can fall to support area and then bounce to $2370Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price started to trades in flat, where it some time traded in support area, after which bounced up to top part of flat. After this, price bounced down to support area, after which it at once made upward impulse, thereby breaking $2210 level. Also, XAU exited from flat and continued to move up in rising channel, where soon price reached one more support area. But Gold at once bounced to support line of channel and then made upward impulse, breaking $2305 level and exiting from channel. A not long time ago XAU turned around and started to decline, so, I think Gold can decline to support area. Then price can turn around and start to move up to $2370 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
XAUUSD: The Year of the Bulls 🐃XAUUSD: The Year of the Bulls 🐃 The last month or so has been a bullish infused few weeks for the precious metal gold, having surged above the 2000 level late last year with a spike up to 2140 and then settling down for the remainder of 2023 whilst initially being calm in Q1 price volume started to pick up in late february where it has since scaled to new all time highs with no precedence of any slow down occurrence. NFP (Non Farm Payroll) finished the week with a bang pushing price into new territory at 2336 where it sits at this moment, with a little correction looming it is likely that xauusd will continue its ascent into the next quarter section.
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
XAU/USD 08-12 April 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs. Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level. Price is now trading within a fractal high and internal low. Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level. Weekly Chart: Daily Analysis: Analysis/Bias remains unchanged since last daily analysis dated 20/03/2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line. As mentioned on 31 March 2024, price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent as the CHoCH has been brought considerably closer. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook. Price has printed further highs since last Friday's analysis dated 5 April 2024 where we continue to trade within a fractal high and internal low. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case. Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
HelenP. I Gold can grow a little and then make impulse downHi folks today I'm prepared for you Gold analytics. Some days ago price declined to support 2, which coincided with the support zone, and at once rebounded and started to rise, but soon fell back and even lower support zone, reaching the trend line. After this, the price turned around and in a short time broke support 2 and then continued to move up between the trend line. Soon, XAU reached support 1, which coincided with one more support zone, and later broke this level too. After this movement, the price some time traded in consolidation, after which Gold fell to support 1 and then made a strong impulse up to 2265 points, thereby exiting from this pattern and breaking the trend line one more time. Then price continued to rise near the trend line and recently rebounded up from this line. So, at the moment, I expect that Gold will rise a little and then make an impulse down, below the trend line, thereby breaking it again. That's why I set my target at 2250 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
HTF Markup 8-12 Apr 2024 W15- XAU, DXY, GBP, JPY, AUD, NAS, BTCThis is a Weekly post for several pairs showing HTF Markup only using Smart Money Concept (SMC) on Weekly, Daily and 4H Time Frames. Feedback will be highly appreciated. U.S. Dollar Index TVC:DXY Weekly: Daily: 4H: Gold Spot / U.S. Dollar OANDA:XAUUSD Weekly: Daily: 4H: British Pound / U.S. Dollar FX:GBPUSD Weekly: Daily: 4H: U.S. Dollar / Japanese Yen FOREXCOM:USDJPY Weekly: Daily: 4H: Australian Dollar / U.S. Dollar FOREXCOM:AUDUSD Weekly: Daily: 4H: US Nas 100 OANDA:NAS100USD Weekly: Daily: 4H: Bitcoin COINBASE:BTCUSD Weekly: Daily: 4H:
OANDA:XAUUSD
by Amr-Sadek
GOLD Price Prediction: NEW PARADIGM OR EXIT SCAM?!Here is the 14 years of GOLD price history and action. Looking at it we can locate a lot of triangle shaped during its movement. 📌 Nowadays we facing resistance zone of $1860 (2011-high) and this is important zone for the whole world. Here is the chart of GOLD (XAUUSD) as pic: Price consolidate in triangles over and over from 2007 and this is quite interesting. Now price in the upward triangle shape, which can be broken down according to 2011 same shape of triangle. In 2011 we faced European Debt Crisis and price of gold surged down to 1000 low in 2015. So now, price in upward triangle and what it will do next? I see very high possibility to breakdown at see small retracement, before breakout from 2011 highs $1860 reistance zone. But there is a chances for bullish breakout now, so be careful. There is a quite good chances for price rise over next 5-10 years to $3000. Thanks for attention This is Artem Crypto
COMEX:GC2!
by ArShevelev
9
Sell XAUUSD Channel BreakoutThe XAU/USD (spot gold) pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bullish channel pattern. However, a cautious approach is advised due to gold's safe-haven status. Why Caution is Advised: Gold's Safe-Haven Status: Geopolitical tensions, economic uncertainty, or risk-off sentiment can trigger sudden buying sprees in gold, potentially invalidating the short trade. Sell Entry: Below the broken support level of the channel, ideally around 2290. This offers an entry point close to the perceived shift in momentum. Target Levels: 2265: This represents the previous resistance level within the channel, potentially acting as initial resistance now. 2248: This is a further extension of the downside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order above the broken resistance line of the channel, ideally around 2307. This helps limit potential losses if the price unexpectedly rallies. Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
17
Gold analysis before NFP(4/5/2024)In our last analysis, we had anticipated the gold price to reach the 2300-2350 zone. right now the price has touched 2305$ and ranging. We believe that the price has the potential to move upward and reach the 2325-2350 zone. 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.)
OANDA:XAUUSDLong
by fortunamarkets
GOLD - Price can continue to decline to support line of channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded in support area, which coincided with $2030 level and soon broke it. After this, Gold made retest and then continued to move up in rising channel, where in a short time price reached $2185 level. But then, XAU bounced from this level and made correction movement almost to support line of rising channel. Then Gold first made fake breakout of $2185 level, after which it soon finally broke it and made upward impulse. Price reached resistance line of rising channel, but a not long time ago it turned around and started to fall. So, in my mind, Gold can continue to decline to $2210 support line of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
3
XAU/USD 04 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low. Further new high has meant location of ChoCH has been brought closer to current price. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case. Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS where it continues to print all time highs. Price is now contained within bullish internal structure after confirmation of bearish ChoCH. First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed. It would be useful to note previous iBOS and bearish CHoCH which eventually lead to a further bullish iBOS as opposed to pullback initiation. This is primarily why the CHoCH should not be used as confirmation, rather weak indication. Yesterday's intraday expectation was met. Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high. Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold approaches all-time highsIn the previous post on gold, we expressed our fears about the shiny metal amid a sudden spike in volatility and a slight drop in the U.S. market indices (accompanying the spike in VIX). Nevertheless, it did not take long for the volatility to falter and the fear to disappear among market participants. Quickly, the market leaped higher, and gold followed in tandem, breaking above $2,100. The overall picture improved at a fast pace, and now, gold trades merely $20 away from its all-time highs. However, as stocks and cryptocurrencies are reaching the euphoria phase, the case for a significant pullback in the two markets is growing, which could (temporarily) negatively affect gold’s performance; in our opinion, the stock market weakness is one of the biggest potential foes to gold going forward. Yet, this does not change our view of the big picture. We remain highly bullish on gold in the long term and maintain the price target of $2,300. Illustration 1.01 Volume increases alongside the price, which is normally a positive development. Technical analysis Daily timeframe = Bullish Weekly timeframe = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
5
GOLD $XAUUSD - Mar. 25th, 2024GOLD OANDA:XAUUSD - Mar. 25th, 2024 Weekly: Bullish Daily: Bullish 4H: Bullish BUY/LONG ZONE (GREEN): $2186.000 - $2280.000 DO NOT TRADE/DNT ZONE (WHITE): $2155.000 - $2186.000 SELL/SHORT ZONE (RED): $2072.000 - $2155.000 OANDA:XAUUSD had strong bullish momentum after breaking out of a previous range and is currently developing a new range at the top of the newly hit all-time highs. Looking to follow price to a further push up as that would be following momentum and trend direction, but there is also the chance of a breakdown into a bearish trend. There is zones shown for each direction as what I would use as safe entry points. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
OANDA:XAUUSD
by TonyAiello
Gold is aiming for 2300-2350 zone!(4/2/2024)In our last analysis, the Gold price has been reacted to upper dynamic resistance. finally, buyers got the rope and broke above the upper dynamic resistance. Right now gold is bullish and buyers are buying in every dip. We Are expecting the price to eventually reach into 2300-2350 zone this week. Plus, we have NFP/Unemployment news this week. 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.)
OANDA:XAUUSDLong
by fortunamarkets
XAU/USD 02 April 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold continues it's bullish run following the Fed's dovish outlook on interest rates. Price has printed further highs where we continue to trade within a fractal high and internal low. New high has meant location of ChoCH has been brought closer to current price. As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case. Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS printing all time highs. Price is now contained within internal structure after confirmation of bearish ChoCH. As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops. First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed. Intraday expectation would be for price to pull back following iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high. Another likely scenario is price to continue bullish and keep printing all time highs! This now seems less probable as price has made an attempt to close to above but has failed to do so. M15 Chart:
OANDA:XAUUSD
by Khan_YIK