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F-XAU

Gold can rebound from resistance level and continue to fallHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded up from the current resistance level to the 2400 level, which coincided with the seller zone and even rose higher, but when it reached the resistance line, the price turned around and started to fall. In a short time, the price declined to the resistance area, breaking 2400 and 2305 levels, and some time traded near the resistance area. Later, the price fell lower than the 2305 level again and entered to upward pennant, where it turned around of support line and made a strong impulse up to the resistance line, breaking the 2305 level one more time and also the resistance line with the 2400 level. Soon, the price turned around and in a short time declined from the resistance line of the pennant to the support line, breaking the 2400 level again. After this movement, Gold tried to rise and even reached the resistance line of the pennant, after which it made a strong impulse down, thereby exiting from this pattern and recently broke the 2305 level too. Now, the price trades inside the resistance area, and in my opinion, Gold can rebound from the resistance level and continue to decline, therefore I set my target at 2250 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
GOLD - Price can turn around and start rise to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it soon broke $2320 level, which coincided with support area. Then price continued to grow in channel and later reached $2390 level, which soon broke also and continued move up. Soon, price left channel and started to decline in pennant, where it broke $2390 level again and fell to support level. Some time price traded near this level and reached support line of pennant, after which bounced up to resistance line. But recently, Gold fell back and now trades very close to support line of pennant, so, I think price can little fall. After this, XAU can turn around and bounce up to $2390 resistance level, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
GOLD: Bullish Setup Anticipated Amid USD Weak and Low Treasury YGOLD: Bullish Setup Anticipated Amid USD Weak and Low Treasury Yields On Tuesday, gold dropped to the $2,315 area, nearing the multi-week low touched the previous day, influenced by a modest strengthening of the US Dollar (USD). Despite the USD's attempted recovery from its over two-month low, there was no significant follow-through, due to increasing expectations that the Federal Reserve (Fed) will cut interest rates later this year, bolstered by softer US macroeconomic data. These expectations have kept US Treasury bond yields depressed, which in turn has benefited the non-yielding yellow metal during the European session on Wednesday. Technical Analysis Overview For today's session, we are looking for a long setup for gold, particularly in light of the upcoming ISM Services PMI release in the US. From a technical perspective, several confluence factors support a bullish outlook: 1. Rebound from the 50% Fibonacci Level: The price has rebounded from the 50% Fibonacci retracement level, a significant support area indicating potential for upward movement. 2. Divergence on the H4 Chart: A divergence on the H4 chart suggests that selling pressure is weakening, further supporting the case for a bullish setup. These technical indicators align to suggest that gold is positioned for a potential upward move. Key Factors Influencing Gold 1. USD Strength and Fed Rate Cut Expectations: While the USD showed modest strength, it lacked sustained momentum due to growing expectations that the Fed will start cutting interest rates later this year. Softer US macro data has reinforced this outlook. 2. US Treasury Yields: Depressed US Treasury yields, influenced by expectations of Fed rate cuts, are benefiting gold. Lower yields decrease the opportunity cost of holding non-yielding assets like gold, making it more attractive. Market Strategy Given the current technical setup and fundamental backdrop, our strategy involves looking for a long position in gold. The rebound from the 50% Fibonacci level and the observed divergence on the H4 chart support this approach. Additionally, the anticipation of the ISM Services PMI release adds a potential catalyst for movement. Conclusion Gold has experienced some downward pressure but remains supported by underlying factors such as low US Treasury yields and expectations of future Fed rate cuts. The technical indicators, including the rebound from the 50% Fibonacci level and the divergence on the H4 chart, suggest a bullish setup is likely. As a result, the current market environment presents an opportunity to look for long positions in gold, particularly in anticipation of supportive economic data releases.
OANDA:XAUUSDLong
by FOREXN1
1
GOlD - Next target is 2450#XAU/USDT #Analysis Description --------------------------------------------------------------- + Gold has recently broken out from the channel, and the price appears to be heading towards the next resistance level. + Although I expect a minor retracement from this breakout, we can enter the trade at the current price. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 2352.096 Stop Loss: 2312.611 ------------------------------ Target 1: 2368.353 Target 2: 2390.667 Target 3: 2408.790 Target 4: 2445.448 ------------------------------ Timeframe:1H Capital Risk: 1-2% of trading amount --------------------------------------------------------------- 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:XAUUSDLong
by VectorAlgo
Gold Hits Two-Week High as Bond Yields Drop US Jobs Data AwaitedTechnical Analysis The price has successfully followed its bullish trend, reaching our target of 2369. Today's market continues to exhibit bullish pressure, having stabilized within the bullish trend. As long as the price trades above 2357, it is expected to rise to 2369 and 2377. However, a break below 2357 could lead to a decline towards 2347 and 2344. Bullish Scenario: If the price trades above 2357, it will likely continue its bullish trend towards 2369 and 2377. Closing at least a 1-hour candle above 2377 will further support a bullish move towards 2388 and 2397. Bearish Scenario: The price needs to break below 2357 and stabilize beneath this level to indicate a downward trend towards 2347 and 2335. Pivot Line: 2357 Resistance Lines: 2369, 2377, 2397 Support Lines: 2347, 2335, 2227 Today's expected price movement range is between the support level of 2347 and the resistance level of 2378. previous idea: Gold Reaches Two-Week High as Bond Yields Decline; US Jobs Data Awaited Gold prices surged to a two-week high on Thursday as U.S. bond yields fell, driven by signs of a cooling labor market. This development strengthens the case for a potential interest rate cut by the Federal Reserve in September. Investors are now positioning themselves ahead of the upcoming U.S. non-farm payrolls data.
OANDA:XAUUSDLong
by SroshMayi
HelenP. I Gold can rebound down from top part of range to $2330Hi folks today I'm prepared for you Gold analytics. Some days ago price started to decline from the trend line and in a short time declined to the resistance level, after which broke this level and continued to fall. Later, Gold fell to the support level, which coincided with the support zone, and started to trades inside consolidation, where it at once started to grow. But soon, the price turned around and made a correction movement to the support zone, after which tried to grow but failed and fell back. Then XAUUSD repeated this movement and later rebounded up from the support zone to the trend line inside consolidation, and soon broke the trend line as well. After this movement, the price reached the top part of the range and started to decline, therefore I expect that GOLD will reach the trend line, then rebound up to the top part of the consolidation, after which starts to decline to the support level, breaking the trend line. That's why my goal is a 2330 support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
Potential bearish drop?XAU/USD is currently on a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,373.25 Why we like it: There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement. Stop loss: 2,396.62 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Take profit: 2,315.82 Why we like it: There is a pullback support level. 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
XAUUSD - 1H Sell PossibiliityThe current XAUUSD chart shows that gold is approaching the final stages of its trading range cycle, indicating a potential bearish breakout. The chart reveals a series of lower highs and consistent tests of the support zone, suggesting weakening buying pressure. The resistance zone, highlighted in red, has successfully rejected price advances multiple times. We have observed signs of buyer weakness, which further supports the possibility of a downward move. If gold breaks below the support zone, it could lead to a significant decline, potentially reaching the next major support level around $2,305. Traders should monitor price action closely for confirmation of this bearish scenario.
FX:XAUUSDShort
by Sober_Trading
XAUUSD - Short Trade IdeaThis trade is based on Gold's price trading into a Daily SIBI Unicorn setup. Whilst it isn't premium of the range, there was a CHoCH to the downside on the 4h timeframe, disrespecting a 4h BISI. I am looking to get into a short when price returns to this BISI to be used as an IFVG. Target will be at the swing low, but leaving a runner would be ideal in an actual trade to target at least 2278, should the bias be correct in the first place. Stoploss near the 4h swing high for the current trade, but should be trailed to secure profits should the current objective be hit. #NFA - R2F
FOREXCOM:XAUUSDShort
by Road_2_Funded
1
XAU 7,777$ Its about TIME 1. **Economic Indicators:** - **Inflation:** Gold is often seen as a hedge against inflation. Rising inflation typically boosts gold prices. - **Interest Rates:** Higher interest rates increase the opportunity cost of holding gold, which doesn't yield interest. Conversely, lower rates tend to support gold prices. - **US Dollar Strength:** Gold prices are inversely related to the strength of the US Dollar. A weaker dollar makes gold cheaper for holders of other currencies, potentially increasing demand. 2. **Geopolitical Events:** - **Political Uncertainty:** During times of political instability or geopolitical tensions, investors often flock to gold as a safe-haven asset. - **Global Crises:** Events such as pandemics, wars, or significant political upheavals can drive up gold prices due to increased uncertainty. 3. **Market Sentiment:** - **Investor Demand:** The sentiment of large institutional investors and retail investors can significantly impact gold prices. - **Market Trends:** Technical analysis and trend-following strategies can provide insights into potential future movements based on historical price patterns. 4. **Supply and Demand Dynamics:** - **Mining Production:** Changes in gold mining production can affect the supply side of the equation. - **Jewelry and Industrial Demand:** Demand from sectors like jewelry and technology can influence gold prices. 5. **Central Bank Policies:** - **Gold Reserves:** Central banks' decisions to buy or sell gold can have substantial effects on the market. ### Current Trends and Forecasts (as of mid-2024) 1. **Inflation and Monetary Policy:** - If inflation remains elevated, and central banks adopt a dovish stance, gold prices could see upward pressure. - Conversely, if inflation is controlled and interest rates rise significantly, gold prices might face headwinds. 2. **Global Economic Stability:** - Continued global economic uncertainty, whether due to geopolitical tensions, trade issues, or lingering effects of past crises (like COVID-19), could support gold prices. - A robust global economic recovery might reduce the safe-haven appeal of gold, putting downward pressure on prices. 3. **Technical Indicators:** - As of recent technical analysis, key support and resistance levels should be monitored. If gold breaks through significant resistance levels, it could indicate further upward potential. - Conversely, a breach of key support levels might suggest a potential decline. ### Conclusion Gold's future potential (XAU/USD) is shaped by a complex interplay of economic, geopolitical, and market factors. Keeping an eye on these indicators and understanding the broader context can help in making informed predictions about its future trajectory. For precise forecasts and investment decisions, consulting with financial experts and staying updated with the latest market analyses is recommended.
OANDA:XAUUSDLong
by TrojanBible
GOLD Weekly Outlook Technical Analysis of Gold In our previous analysis, we identified a resistance level at $2,358 for gold. The price reached this level but subsequently dropped, continuing its bearish trend. Current Week Outlook This week, gold is expected to consolidate between $2,320 and $2,342 before breaking out in either direction. Bearish Scenario: If the price remains below $2,320, confirmed by a 4-hour candle close, it will likely continue its bearish trend toward $2,302. A break below $2,302 could initiate a further decline toward $2,273. Bullish Scenario: For a bullish trend to emerge, the price needs to stabilize above $2,357. This could propel it towards $2,378, and a break above this level would target $2,397. Key Levels: Pivot Price: $2,320 Resistance Levels: $2,342, $2,357, $2,378 Support Levels: $2,302, $2,286, $2,274 Anticipated Trading Range This week, the anticipated trading range is between the support level at $2,257 and the resistance level at $2,273. Impact of Upcoming Economic News The gold market is expected to be strongly influenced by key economic reports this week: Monday: ISM Manufacturing Index Tuesday: Job Openings and Labor Turnover Survey (JOLTs) Wednesday: ADP Employment Report Thursday: ECB Interest Rate Decision (June) Friday: Unemployment Rate (May) and Non-Farm Employment Report (May) These reports could cause significant volatility in the gold market, impacting the price movements throughout the week.
OANDA:XAUUSD
by SroshMayi
1
XAUUSD (gold), growth started. But bulls not strong now.Hi friend. I start my intraday trading from this idea. Now we see small bullish impuls from support 2320 and our trading day started from this. Market process that cause growth - its bears distribution over. Trading rules of my strategy ( its my own trading you can use it for your risk only ): 1) Every update will start with tendention vector i will mark for you - bullish trend or bears. 2) We will follow and try to catch exactly this trend. 3) Every update i mark entry price (if you was busy e.t.c and seen my idea some time after its update: a) if update tendention was bullish and price = entry price or lower you can entry; b) if tendention was bearish and price you catch was like entry price or higher - you can entry; c) another situation you waiting next update (if dont have any open position). And ofcourse if ill be busy e.t.c i will close trading and update: trading closed. Also remember that GOLD market like another exchange types its a real time process with many "x" and "y" situations. Market situation is constantly changing. And an idea is relevant for some certain period until situation changes.
OANDA:XAUUSD
by JinFlark
1
XAUUSD H4 - Long SignalXAUUSD H4 Here is the outlook for XAUUSD as it stands, we are firm believers in trading what you see. We can see the DXY took a slight bounce from that 104.000 mark and therefore the DXY is still in bullish demand. That being said, $2330/oz has been our previous area of support for a while now, and we hold our ground until it breaks. Upon a potential break, we can simply change our bias and start trading in line with the new breakout trend (should it sustain). A simple motto we go by, trade what you see and don't fix it unless it's broken. This is the staple of a zone trading strategy. Learn to love your losses when they can occur, because these losses often lead the a monster of a reversal trade.
FX:XAUUSDLong
by Trade_Simple_FX
Sell XAUUSD Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to 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 2343, positioned close to the Top of Channel level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2320 2nd Support – 2311 Stop-Loss: To manage risk, place a stop-loss order above 2354. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
7
Bullish bounce off pullback support?XAU/USD is falling towards a support level which is a pullback support that is slightly below the 127.2% Fibonacci extension and could bounce from tis level to our take profit. Entry: 2,307.18 Why we like it: There is a pullback support level which is slightly below the 127.2% Fibonacci extension. Stop loss: 2,286.32 Why we like it: There is a pullback support level which is aligns with the 61.8% Fibonacci projection. Take profit: 2,361.34 Why we like it: There is a pullback resistance level. 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
Potential bullish bounce?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 2,307.69 1st Support: 2,281.52 1st Resistance: 2,349.27 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