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F-XAU

Gold bulls returning after 4 down daysGold prices look set to bounce over the near-term after they closed lower for a fourth consecutive day. Monday's aggressive selloff held above $2400, and a late recovery saw half of the day's losses handed back - to close the day with a lower wick. Tuesday's range held above Monday's low and mostly traded within Monday's lower wick, which suggest liquidity gaps are being filled and support is beginning to build. The 1-hour chart shows that a bullish divergence formed with RSI (14), and a series of lower wicks further shows a loss of bearish momentum. Prices are now testing trend resistance, a break above which brings the 2460 highs and high-volume node (HVN) into focus around 2473.
COMEX:GC1!Long
by CityIndex
Potential bullish bounce?XAU/USD is falling towards the support level which is a pullback support and could reverse from this level to our take profit. Entry: 2,355.76 Why we like it: There is a pullback support level. Stop loss: 2,321.23 Why we like it: There is a pullback support level which lines up with the 127.2% Fibonacci extension. Take profit: 2,393.02 Why we like it: There is an overlap resistance level which lines up with the 23.6% 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
Gold will continue to move up to resistance levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to downward channel, where it at once fell to the resistance level, which coincided with the seller zone and broke it. Then XAU continued to decline and fell to the 2385 support level, which coincided with the buyer zone, but at once rebounded and rose to the resistance line of the channel. After this movement, the price turned around and dropped lower than the 2385 level, breaking it, after which it made impulse up and broke the 2385 level one more time. Also, the price exited from the downward channel and later started to grow inside the upward channel, where it soon reached the resistance line. Later, Gold reached the 2460 level, broke it, and even rose a little higher than the seller zone, but after which the price dropped until to buyer zone, thereby breaking the 2460 level one more time and exiting from the upward channel also. Then price made a fake breakout of the support level and now it rising. So, in my mind, Gold can make little correction and then continue to move up to the 2460 resistance level. For this case, the 2460 resistance level is my TP. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
Gold Rebounds Amid Geopolitical Tensions; Metals Market MixedMixed Metal Prices Amid Rising Tensions Gold prices are inching upward, recovering about half of Monday's losses, as tensions escalate over potential Iranian retaliation against Israel. Following the death of Hamas leader Ismail Haniyeh last week, Iran has openly vowed retribution, stoking concerns of an imminent attack. Global conflicts and political instability often increase gold demand as governments and individuals seek to protect their wealth. Gold Rises After Monday's Stock Selloff Technical Analysis: Gold Current Outlook: Gold prices are consolidating between $2,420 and $2,397, with a bullish trend likely if prices break above $2,428. Bullish Scenario: - Stability above $2,420 could extend the bullish trend towards $2,428. - A break above $2,428 could target $2,450 and $2,475. Bearish Scenario: - Stabilization below $2,416 could support a decline to $2,407. - A break below $2,397 could push prices downward to $2,378. Key Levels: - Pivot Line: $2,416 - Resistance Levels: $2,428, $2,450, $2,475 - Support Levels: $2,407, $2,397, $2,378 Today's Expected Trading Range: The price is anticipated to fluctuate between the support level at $2,397 and the resistance level at $2,450. For the wider metals complex, demand concerns from China and rising global inventories have further pressured prices, contributing to the overall mixed performance in the metals market.
OANDA:XAUUSD
by SroshMayi
Could the price reverse from here?The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which has been identified as a pullback support. Pivot: 2,421.62 1st Support: 2,375.32 1st Resistance: 2,455.69 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
Sell Gold (Xau/Usd) 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 2430, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2385.50 2nd Support – 2358 Stop-Loss: To manage risk, place a stop-loss order above 2480. 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_FOREX_TRADING
62
Gold is heading to 2340 zone(8/5/2024)in our last analysis, we predicted the gold move correctly, the price overlapped the 2450$ and moved back quickly even though the weak NFP data couldn't make significant changes. after the NFP data, the market made a bearish candle and for now is aiming for lower prices. For now, we are expecting the price to move in the C wave. In this case, the final wave will be around the 2340 area. If you like it, then Support us by liking, 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:XAUUSDShort
by fortunamarkets
GOLD - Reversal or further correction ?#GOLD #Analysis Description --------------------------------------------------------------- + GOLD price has reached the current support zone which acted as resistance in the past. + We can expect a slight bounce from the current support zone however it doesn't look promising. + If the bounce continues we then there is a slight chance of hitting 2470 price. + Mostly likely the support will not hold and price can expected to be corrected further with the major support around 2350 + Minor support is around 2392 which can act as a temporary support for before bouncing back from it. --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
OANDA:XAUUSDShort
by VectorAlgo
XAUUSD 4/8/24This week in gold, we have the potential for another sell-off through trendline liquidity, as we’ve seen before. However, all price action is trending upwards, making this our main scenario. As shown on our chart, we have a liquid high that is close to the current price, with liquidity built up below the lows. We know that on a high timeframe, we are strongly bullish. The price tested last week’s high and then fell significantly, indicating a potential pullback before the high is taken. Key points to note include the heavy sell-off from the supply area, leaving an untapped supply zone, and creating the first sell-side imbalance during the upward trend. This suggests a chance for price to hold and potentially drop below the trendline mark. If this occurs, we will look towards the demand area shown on the chart in red. We will monitor this area to see if it pushes the price back into the higher timeframe trade alignment or fails, leading to a sell-off and a change in our bias on the given timeframe. If the bullish trend continues, we will monitor the supply area above the current price, expecting it to fail. If it does, we may see a new all-time high for gold. Overall, the price is bullish, so a fallback would be preferable if we aim to take buys from this price section. Watch the trendline liquidity being created below the untapped supply area and the liquid high just above it. Also, if the trendline breaks, watch the demand area to see if it goes higher within our range. Trade safely, stick to your risk management, and follow your plan.
OANDA:XAUUSD
by rosshayes
GOLD - ATH Amid Middle East Unrest and Fed Rate Cut Signals Gold Futures Surge Amid Middle East Tensions and Fed Rate Cut Speculations Gold futures soared to a new all-time high last week, driven by escalating tensions in the Middle East and increased expectations of a Federal Reserve rate cut. The geopolitical situation remains highly volatile, maintaining a bullish outlook for gold prices. Technical Analysis: Gold Current Outlook: Gold prices have stabilized within a bullish zone, currently targeting $2,475 with a potential correction towards $2,428. Bullish Scenario: If gold remains stable above $2,428, the bullish trend may extend towards $2,466 and $2,475, with an ultimate aim for an all-time high (ATH) around $2,493. Bearish Scenario: Conversely, stabilization below $2,420 could support a decline towards $2,397, and potentially further down to $2,378. Key Levels: - Pivot Line: $2,428 - Resistance Levels: $2,450, $2,475, $2,493 - *upport Levels: $2,428, $2,420, $2,397 Today's Expected Trading Range: Prices are anticipated to fluctuate between the support level at $2,428 and the resistance level at $2,493. This advanced analysis considers the impact of geopolitical events and central bank policies on gold's market performance, reflecting both immediate trading opportunities and potential risks.
OANDA:XAUUSDLong
by SroshMayi
GOLD (XAU)Gold broke its down trend at 1680 and It was a great opportunity for longing and now we heading to 1815 XAU continues to push higher and trades above $1,770 for the first time in nearly three months on Friday. The US Dollar stays under heavy bearish pressure as investors cheer the soft US inflation report and heightened optimism about Chine easing coronavirus restrictions. The Consumer Price Index in the United States rose 7.7% YoY, down from 8.2% in September and clearly below the 8.0% consensus forecast. The CPI accelerated by only 0.4% on the month, down from 0.6% in September and core figures rose 0.3%, rather than the 0.5% expected. The highly anticipated economic release from the United States triggered a massive risk rally on increased expectations of a smaller rate hike by the US Federal Reserve in December. Markets now price roughly an 81% probability of a 50 bps December Fed rate hike vs. odds of about 55% at the start of the week.The US Dollar was heavily sold off into the softer US Consumer Price Index release, propping up Gold price to the best levels unseen since August 26. At the time of writing, the American Dollar is reeling from Thursday’s massive blow, allowing Gold bulls to take a breather
TVC:GOLDLong
by moonypto
2
HelenP. I Gold can drop of trend line lower than support levelHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago price started to grow inside the upward channel, between the trend line and when it almost reached the resistance line, the price dropped to the support line, breaking the trend line. Then XAU made a fake breakout of the support line of the channel and then in a short time rose higher than support 2, breaking this level and then continued to grow. Price reached the trend line and some time traded near, and later it made impulse up to support 1, breaking the trend line. Also then, the price broke support 1 and even exited from the channel, but soon turned around and made a correction movement below support 1 and the trend line, breaking them. After this, the price tried to grow back, but when reached the trend line, it dropped more. A few moments ago Gold turned around and quickly rose to the trend line again, breaking support 1, and now trades near this level. For this reason, I expect that XAUUSD will reach the trend line again and then drop to $2390 points, breaking the support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
Could Gold reverse from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci retracement and could drop to our take profit. Entry: 2,452.60 Why we like it: There is a pullback resistance level which aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci retracement. Stop loss: 2,483.10 Why we like it: There is a pullback resistance level. Take profit: 2,422.48 Why we like it: There is a pullback support level which lines up with the 38.2% 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 Retests Minor Demand Area: A Bullish OutlookOn Tuesday, GOLD retested a minor demand area on the daily chart, showing a clear rejection and strong reaction from this level. This technical move coincides with significant shifts in the Commitment of Traders (COT) report, suggesting a potential bullish outlook for the precious metal. The price action on Tuesday was notable, as GOLD's rejection at the demand area indicated a resurgence of buying interest. This demand zone has acted as a critical support level, preventing further declines and signaling that buyers are stepping in to defend this price point. The latest COT report reveals a mixed sentiment among different market participants. Both Retailers and Commercials are currently holding short positions, reflecting a bearish stance. However, the Non-Commercials, often considered the more informed traders, continue to push their long positions. This divergence suggests that while some market players are expecting lower prices, the more influential traders are betting on a rise. Seasonality further supports a bullish perspective on GOLD. Historically, certain periods of the year tend to favor higher prices for the metal, driven by factors such as increased demand during festive seasons and economic cycles. This seasonal trend adds another layer of confidence to the bullish outlook, aligning with the technical and fundamental indicators. Given these factors, we are opening a scalping position targeting $2500. This strategy aims to capitalize on the anticipated short-term price movement driven by the confluence of technical support, COT report insights, and seasonal trends. In summary, the rejection of the minor demand area on the daily chart, coupled with the COT report's indication of strong Non-Commercial long positions and favorable seasonality, provides a robust case for a bullish move in GOLD. As we look to target $2500, this scalping position is poised to take advantage of the potential upside in the precious metal. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDLong
by FOREXN1
3
Gold is heading to 2450 zone(07/31/2024)in our last analysis, we predicted the gold move correctly, For now, after a long correction, we are expecting the price correct some of the losses as B wave. In this case, the final wave will be around the 2450 area. If you like it, then Support us by liking, 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 Gains on Growing Rate-Cut Hopes Ahead of Fed MeetingGOLD Price reached their resistance line which is 2397 and now stabilized under it, For Today, the price will consolidate between 2397 and 2386 till breaking Bullish Scenario: The price should stabilize above 2397 by closing 4h candle above it, to be a bullish trend toward 2412 and 2420 Bearish Scenario: The price should stabilize under 2397 and 2386 to get 2378 and 2356, by stabilizing under 2378 Key Levels: - Pivot Line: 2397 - Resistance Levels: 2412, 2420, 2428 - Support Levels: 2386, 2378, 2357 Today's Expected Range: The price is anticipated to fluctuate between the support at 2378 and the resistance at 2412 ---------------- Gold Gains on Growing Rate-Cut Hopes Ahead of Fed Meeting Gold futures rose 0.3% to $2,388.60 per ounce as anticipation of a U.S. interest-rate cut grows before the Federal Reserve's meeting this week. While a rate hold is expected, any hints of future cuts will be closely watched. Other precious metals also gained, with silver up 0.3% to $28.11 and platinum up 0.7% to $950.70 per ounce. In contrast, copper prices weakened, down 0.2% to $9,073 per metric ton amid concerns over Chinese demand.
OANDA:XAUUSDShort
by SroshMayi