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Potential bullish bounce off 61.8% Fibonacci support?Gold (XAU/USD) has just bounced off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance. Pivot: 2,331.93 1st Support: 2,306.80 1st Resistance: 2,377.03 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
HelenP. I Gold will continue to fall to support levelHi folks today I'm prepared for you Gold analytics. A not long time ago price reached the support level, which coincided with the support zone and broke it. After this, it rose to the resistance level and broke it too, after which Gold even rose to the trend line. But after this, the price turned around and fell lower 2375 level, which coincided with the resistance zone, after which in a short time rose back to the resistance level. Some time later, Gold made an impulse down from the resistance area to the support level, finally breaking the 2375 resistance level. Next, the price some time traded near the 2300 level, and even made a fake breakout of it, but later XAU made an impulse to trend line. But a few moments ago price rebounded from this line and started to decline. So, I expect that Gold will continue to decline to the 2300 support level, for this case, I set my target at this level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
XAUUSD Analysis (13th May 2024) Market Analysis PT2/2 (13th May 2024) XAUUSD Analysis On the daily timeframe, we have created a Change of Character to the upside at the 2352 level. Currently price is creating a pullback towards that key level. What i want to see is for price to come down lower towards the 2352 level before deciding whether to long or short. If price fails to create a 15 minute change of Character with a Body candle close above, i will be patient on longs and will be more short biased. However, if price action confirmations a retest of the 2352 level and creates a 15 minute Bullish CHOCH, i will be actively looking for longs to target the 2400 level.
FOREXCOM:XAUUSD
by CallistoFX
XAUUSD 12/5/24For this week on gold we're looking for price to play within the bullish range that it created on Friday price played pretty much perfectly within our bias that we gave out last Sunday. Following the same principle we have tapped into the 50% of the bearish auto block above meaning that we are expecting price to drop lower and break out of the range that we are in currently in or for this range to hold and take us to a new all time high which would be above the daily high that we have marked on our chart here. Points to watch for this week are the order block we have marked which is the one responsible for taking us higher out of the trend line liquidity structure that we have marked, The lower 50% of the order block that created are new range and the fifty percent of the higher time frame water block that we are currently reacting off of. personally I am expecting price to drop down at the beginning of the week giving us eight possible bullish scenario midweek but of course the red folded news will determine this we are overall bullish on the major higher time frames for this pair so I am looking for bullish movements if we do maintain this range. Read what price shows you and follow the trend! always trade with the correct risk!
OANDA:XAUUSD
by rosshayes
GOLD - Price can bounce down from resistance area to $2300Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price made upward impulse from the support line to $2430 points, thereby breaking $2280 and $2375 levels. But then it turned around and soon broke $2375 level, which coincided with resistance area one more time. After this, Gold continued to decline inside falling channel, where it later broke support line and fell to $2280 level. Then price bounced up from support level, which coincided with support area, thereby exiting from channel. Also then XAU rose and reached $2375 resistance level, where at the moment continues to trades near. So, in my mind, Gold can enter to resistance area and then bounce down to $2300 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
2
XAUUSD Analysis CompleteA lot of people and traders were expecting this precious metal to fall...just looking at whats in front of you doesnt allow you to see the cogwork that moves gold, following a respective pivot off the 25% quarter level whilst also showing the inability to push below2300 for multiple days which caused a consolidation in 1+2HR but a bearish flag on 4HR which is a sign of market reversal. When price momentum broke through the 50% quarter level and key resistance barrier I knew it was time to enter my long up to 75% and the next respective pivot order block where its surged too and now sits on 2375 where we can expect the next fractal pivot to appear between 2390
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
HelenP. I Gold will rebound from trend line and continue to fallHi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from the trend line and in a short time declined to the support level, which coincided with the support zone, breaking the resistance level. But then, the price turned around and made an upward movement to the 2345 level, which coincided with the resistance zone and even rose higher than it to the trend line. Also, the price started to decline inside the wedge, where it soon rebounded from the trend line and made an impulse down to the support line of this pattern, breaking the support level. After this, XAU in a short time rose higher than the 2295 level, breaking it one more time and some time trading near. Later Gold rebounded up from the support level to the trend line, but a few moments ago it rebounded and started to decline bear this line. So, for my mind, Gold will reach the trend line and then continue to decline. That's why I set my target at the 2295 support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
XAUUSD 1HR Analysis + Trade Idea It doesnt look like the bulls are giving up just yet, with the inability to push lower or higher gold has been range bound for the last few days whilst respecting the 25% QT support zone and the dynamic ascending support which creates a 4HR bearish flag showing signs of a trend reversal to the upside. Primarily we need to be patient and wait for the correct confirmations to show us bullish signs before looking at possible long entries to avoid being caught out on any possible market structure break. Ideally if breaks the key resistance of 2330 and corrects with a lower high whilst seeing the 25% quarter support rise to match the lower high and a divergence crossover in certain EMA timeframes we could enter a long off the rejection of the risen quarter level.
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
GOLD - Trading Inside the Triangle#XAU/USD #Analysis Description --------------------------------------------------------------- + GOLD price is currently trading inside the triangle and the price has been ranging since May + I'm expecting the price to break downwards as the overall trend on lower timeframe is bearish. + We have good opportunity for a short trade here. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 2311.453 Stop Loss: 2325.813 ------------------------------ Target 1: 2304.801 Target 2: 2300.000 Target 3: 2290.430 ------------------------------ 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:XAUUSDShort
by VectorAlgo
XAUUSD - 15m Sell 4 Scalperswe are tracking a descending channel pattern, outlined by the red boundaries. Currently, gold's price has rallied to the upper resistance of the channel, marking a pivotal moment for traders. Should the price adhere to the channel's resistance, we anticipate a potential reversal heading back down. However, unlike previous lows, a higher low is expected this time around, likely within the green highlighted support zone, suggesting a nuanced adjustment in market sentiment and providing a strategic entry point for those monitoring this precious metal's price movements.
FX:XAUUSDShort
by Sober_Trading
XAUUSD | 30 Min Safe ZoneXAUUSD | 30 Min Safe Zone Hey Traders ! Hope you are doing well Keep trading simple with us .. - Resistance Levels 2316.00 - Next Resistance Levels at 2321.79 - Firstly we have to observed the circle which indicates if #XAUUSD break the Trendline our Target would be at 2331.00 and then 2344.00 - If #Gold completely reject the Trend line our Targets would be 2307.00 - 2303.00 - 2291.00 Don't be hurry in taking false positions Stick with our Decisions Cheers and wait for the next Confirmations
ICMARKETS:XAUUSD
by professionaltradersfx
Potential bullish bounce?Gold (XAU/USD) is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 2,284.24 1st Support: 2,265.35 1st Resistance: 2,327.67 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
Sell XAUUSD Channel BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further price declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 2322 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 2294: This represents the first level of support within the channel. 2279: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 2332. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
1
Gold Prediction(5/7/2024)in our last analysis, We had anticipated the price drop in gold. still, We believe the gold price OANDA:XAUUSD has more room to fall more. 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