Trading Signal For XAGUSD Silver Trading Setup:
There is a Trading Signal to Buy in XAGUSD OANDA:XAGUSD Silver 4h
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 29.6
⭕️SL @ 28.8
🔵TP1 @ 32.2
🔵TP2 @ 34.5
🔵TP3 @ 37.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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F-XAU
Gold (Xau/Usd) Triangle in H1The XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2331
Target Levels:
1st Resistance – 2358
2nd Resistance – 2378
Stop-Loss: To manage risk, place a stop-loss order below 2317.50. This helps limit potential losses if the price falls back unexpectedly.
Thank you
Bearish reversal?XAU/USD is rising towards a resistance level which is an overlap resistance which aligns with the 88% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,359.84
Why we like it:
There is an overlap resistance level which aligns with the 88% Fibonacci retracement.
Stop loss: 2,374.88
Why we like it:
There is an overlap resistance level.
Take profit: 2,334.54
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
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Bearish drop?The Gold (XAU/USD) is rising towards the pivot which is an overlap resistance and could reverse to the overlap support.
Pivot: 2,361.02
1st Support: 2,334.64
1st Resistance: 2,387.93
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.
XAUUSD - 1H Bullish momentumThe XAUUSD (Gold) chart analysis shows that Gold couldn’t consolidate below the $2300 mark after multiple attempts.
Now, it’s consolidating above the $2320 zone, indicating strong support. Given this consolidation over the support zone, there’s potential for Gold to rise and break through the resistance zones.
If the bullish momentum continues, we could see Gold targeting higher resistance levels, suggesting a favorable environment for buyers in the short term. Keep an eye on the resistance zones for potential breakouts.
GOLD Hits $2,300 Support Zone as Fed Officials Maintain Hawkish 🟡 Gold pushed lower to around $2,300 on Wednesday as investors weighed comments from Federal Reserve (Fed) officials, who remain hesitant to cut interest rates amid persistently high inflation. This reluctance by the Fed to reduce rates has exerted downward pressure on gold prices.
However, the Commitment of Traders (COT) report reveals strong institutional interest in gold, indicating a substantial long position. Additionally, the price has reached a significant demand area that aligns with the 78.6% Fibonacci retracement level at the $2,300 support zone. This convergence of factors is further supported by a divergence, suggesting a potential bullish reversal.
Given these conditions, we are considering adding another long position in gold from this point, anticipating a rebound from the current support level.
XUAUSD (Still above 2320 !!!)Technical Analysis: Gold
The price reached the target we mentioned yesterday which was 2337
Current Outlook:
The trend remains bullish today, with the price stabilizing above 2320. As long as it stays above these levels, it is expected to reach 2337 and 2357.
Bullish Scenario:
As long as the price trades above 2321, it is likely to maintain a bullish trend towards 2357. A break above 2338 could extend the bullish trend to 2357.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2320 would indicate a downtrend, with the price expected to trade in the bearish zone between 2302 and 2292.
Key Levels:
- Pivot Line: 2320
- Resistance Levels: 2338, 2357,2385
- Support Levels: 2311, 2302, 2292
Today's Expected Range:
The price is anticipated to move between the support at 2311 and the resistance at 2338, with a bullish tendency.
XAUUSD H1 - Long SignalWe continue to see positive performance in XAUUSD. Currently, we are aiming for a break above the $2,338/oz level, compared to approximately $2,335/oz yesterday. I believe this is achievable within the week, with potential targets around $2,360/oz.
Given the recent trading patterns of XAUUSD, we might observe prices fluctuating between $2,322/oz and $2,324/oz, trending upwards to $2,336/oz before breaking higher. This presents an appealing and robust 120-point range that we can capitalize on.
We've been experiencing great success with gold recently. By trading from the identified support level of $2,322/oz and taking long positions, we've captured profitable intraday opportunities. From a swing trading perspective, our target is set at $2,360/oz.
GOLD - Price can make small correction and then continue grow Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price entered to falling channel, where it at once bounced from support line to resistance line.
After this, price continued to decline in channel, and later it turned around and made upward impulse, exiting from channel.
Also, price rose higher $2360 level, but soon turned around and made strong downward impulse, breaking this level again.
Then price started to grow inside rising channel, where it reached resistance level, after which Gold bounced down.
Gold exited from a rising channel and fell to support level, but a not long time ago it started to grow.
In my mind, price can make a small movement down and then continue to grow to $2360 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Gold can fall to $2280 points, breaking 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 rebounded from the support level and made a strong impulse up to the trend line, thereby breaking the resistance level, which coincided with the resistance zone. After this movement, the price turned around from the trend line and in a short time declined lower than the 2385 level, breaking it one more time. Next, the price declined a little more, and then some time traded near the 2310 support level, after which turned around and in quickly rose to the resistance level. After this movement, the price made an impulse down from the resistance level and fell to the support zone, but soon turned around and rose higher than the support level, making a fake breakout. Later price also broke the trend line, but after this, GOLD rose a little and then made impulse down, breaking this line one more time. Price fell lower support level, but a not long time ago it rebounded from the support zone and rose higher than the 2310 level and trend line as well. Just now, the price trades near the trend line and I expect that XAUUSD will decline to a support level, breaking the trend line. After this, the price can break the support level and continue to fall, therefore I set my goal at 2280 points. If you like my analytics you may support me with your like/comment ❤️
Bearish drop?The Gold (XAUUSD) has reacted off the pivot and could potentially drop to the pullback support.
Pivot: 2,334.9
1st Support: 2,311.2
1st Resistance: 2,354.3
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.
XAUUSD 30/6/24The gold chart here shows a similar outlook to what we had last week. We played off the area of supply we marked, selling off nicely into the lower end of the range. After taking the liquidity across the lows, we saw a strong pullback with a large area of imbalance created, indicating upward momentum. However, it's important to remember that the overall ranges are bearish, and we expect the price action to move lower.
Our preferred option is for the price to run higher to the area of supply before selling off, sweeping the low marks below and heading to the demand zone marked in green. At this point, we would look for the price to either go bullish and move into the area of supply or break down through this zone and continue the bearish trend.
If the price breaks the 4-hour high, it would give us a new directional bias. Conversely, if the price breaks lower, it would align with our current bearish bias, so keep an eye on that if we start pushing in one direction or the other.
Trade safe and follow your plan.
GOLD (Bullish continuation...)Technical Analysis: Gold
The gold price reversal has successfully stabilized the price upwards from 2320, continuing its ascent towards 2337 and 2342.
Current Outlook:
The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337.
Bullish Scenario:
As long as the price trades above 2320 means will continue the bullish trend toward the first bullish station which is 2342,
Confirmation: closing 4h candle above 2342 means will get 2357 and above it will continue the bullish confirmation.
Bearish Scenario:
A drop in price and stabilization below 2320, confirmed by the close of a 4-hour candle, would indicate a downtrend towards 2302 and 2292.
Key Levels:
- Pivot Line: 2320
- Resistance Levels: 2342, 2357, 2365
- Support Levels: 2311, 2302, 2292
Today's Expected Range:
The anticipated trading range for today is between the support level at 2320 and the resistance level at 2357.
GOLD (Bullish with Key level 2320)Technical Analysis: Gold
The price reached our fully bearish support which is 2292 as we mentioned and reversed, again...
Current Outlook:
The trend remains bullish today, with the price stabilizing above 2302. As long as it stays above these level, it is expected to reach 2323 and 2337.
Bullish Scenario:
As long as the price trades above 2302, it is likely to maintain a bullish trend towards 2320. then to start the next bullish area should break 2323 to get 2338, A break above 2338 could extend the bullish trend to 2357.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2302 would indicate a downtrend, with the price expected to trade in the bearish zone between 2292 and 2278.
Key Levels:
- Pivot Line: 2302
- Resistance Levels: 2323, 2337, 2357
- Support Levels: 2292, 2278, 2260
Today's Expected Range:
The price is anticipated to move between the support at 2292 and the resistance at 2338, with a bullish tendency.
Gold Price Dynamics and Key Levels for TradingTechnical Analysis: Gold
The gold price reversal has successfully propelled the price upwards from 2302, continuing its ascent towards 2337 and 2342.
Current Outlook:
The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337.
Bullish Scenario:
For an uptrend to initiate, the price must remain stable above 2328 and 2320, potentially advancing towards 2337. Stability above 2342 would further support a bullish push, with potential fluctuations between 2342 and 2357.
Bearish Scenario:
A drop in price and stabilization below 2320, confirmed by the close of a 4-hour candle, would indicate a downtrend towards 2302 and 2292.
Key Levels:
- Pivot Line: 2328
- Resistance Levels: 2340, 2357, 2365
- Support Levels: 2320, 2311, 2302
Today's Expected Range:
The anticipated trading range for today is between the support level at 2320 and the resistance level at 2357.
previous idea:
Gold can correct to support level and then start to move upHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price declined to the support line, thereby breaking the support level, which coincided with the buyer zone, but at once rebounded and started to grow. In a short time price rose higher than the 2310 level, breaking it again, and then rose to the resistance level, which coincided with the seller zone. Soon, GOLD broke this level, made a retest, and rose to 2442 points, after which turned around and started to decline. Price quickly declined lower than the resistance level with the support line, thereby breaking it. After this movement, the price some time traded in range and then reached the resistance level again, but at once rebounded and made impulse down lower than the 2310 level, to support line of the pennant. Next, Gold in a short time rose to the resistance line of the pennant, after which rebounded back to the support line. But a not long time ago it bounced up and now trades near the support level. In my opinion, the price can decline to the support level and then start to grow to the resistance line of the pennant. After this, Gold can break this line, thereby exiting from the pennant, and then continue to grow, therefore I set my TP at 2360 points. Please share this idea with your friends and click Boost 🚀
Could Gold reverse from here?Price is rising towards the pivot which acts as an overlap resistance and could reverse to the 1st support.
Pivot: 2,334.91
1st Support: 2,311.24
1st Resistance: 2,354.31
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.
SILVER - Playing Out Perfectly!In our last analysis we identified the picture perfect higher timeframe impulse schematic.
We were nearing the end of wave 3 and was anticipating the wave 4 correction to appear.
We now have the wave 4 correction and we are halfway through it.
On lower time we can see that we're in the midsection of the ABC correction for wave 4. We've completed wave A and now we're in Wave B. See below:
We're looking for one more move up to complete wave B (blue move) and then one final move down for Wave C (red move). See below:
Trade Idea: Blue Move (LONG)
For the blue move, we can take a short term entry on break of the trendline and actively manage positions until we're at the local highs.
Trade Idea: Red Move (SHORT)
We'll be looking for a trendline break once we've completed the blue move. Profit taking area for the shorts will be in the buy zone where we'll be preparing ourselves for the next swing opportunity.
Goodluck and as always, trade safe!
XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent formation 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 2321, positioned close to the top level of channel. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2296
2nd Support – 2281
Stop-Loss: To manage risk, place a stop-loss order above 2340. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
🔊 Support by leaving Likes & Comments.
Thank you.
Bullish bounce?The Gold (XAU/USD) is falling towards the pivot and could potentially bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 2,308.18
1st Support: 2,298.47
1st Resistance: 2,332.97
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.