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XAU/USD 15-19 Jan 2024 Daily analysis-> Swing: Bullish. -> Internal: Bullish. -> Has reached EQ. (internal continuation phase) As price has reached 50% EQ there is a high probability price will target weak internal high. Currently price has reached below the 50% (discount) and internal EQ buyers stepped in. Price printed a bullish CHoCH thereby confirming buyer interest. Expectation: Price to target weak internal high. Current demand zone to be respected. In the event the demand zone is not respected and price prints a bearish CHoCH (indicated) price will most likely target previous low.
OANDA:XAUUSD
by Khan_YIK
XAU/USD 15-19 Jan 2024 Weekly Analysis This is my weekly analysis for XAU/USD: -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. As price has not yet reached 50% EQ and price is still in pullback phase in the premium swing/internal, therefore, I would be looking to short. Price has rejected the Weekly weak Swing High but respected the weekly strong internal high. Price wicked in excess of Weekly Swing high but failed to close above. This presumably was to sweep liquidity above the strong internal high. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated. As mentioned last week, request to LTF's would be to shift bearish.
OANDA:XAUUSD
by Khan_YIK
1
GOLD: Navigating Dollar Strength and Inflation ExpectationsGOLD: Navigating Dollar Strength and Inflation Expectations Gold continues to command attention as it holds firm above the $2030 mark, dancing with the dynamics of a resilient US Dollar and evolving economic indicators. In the wake of improved small business sentiment and a narrowing trade deficit, the precious metal finds itself at the crossroads of market forces, with investors eagerly awaiting the upcoming US Consumer Price Index (CPI) data for further clarity. Our unwavering stance on a bullish continuation is rooted in a meticulous technical analysis. Today's market opening witnessed a deliberate retest of the critical 50% - 61.8% Fibonacci area, a pivotal juncture that has become the focal point of our attention. Positioned long, we anticipate a seamless continuation of the bullish impulse, buoyed by a robust interplay of key elements. The dynamic trendline takes center stage as an unwavering support, crafting a narrative of resilience for the gold price. A harmonious interplay with the 200 Moving Average, still gracefully positioned beneath the current price, further fortifies our bullish outlook. The Relative Strength Index (RSI) echoes our sentiment, gracefully stepping outside the confines of oversold conditions and signaling a potential surge in value. In the broader economic landscape, the US has showcased encouraging signs of recovery, with improved small business sentiment and a narrowing trade deficit adding an intriguing layer to the gold narrative. As the market eagerly awaits the unveiling of the Consumer Price Index (CPI), expectations are set for a modest uptick of 3.3% YoY, while the core CPI is anticipated at 3.8% YoY—a slight dip from the previous reading. In this symphony of market forces, our compass points unwaveringly toward a bullish continuation. The meticulous interplay of technical indicators and the upcoming CPI data collectively set the stage for gold's trajectory in the days to come, as it navigates the currents of Dollar strength and inflation expectations. As the story of gold unfolds, market participants brace for a tale of resilience and opportunity in this ever-evolving economic landscape. Our preference Long positions above 50% and 61.8% Fibo Area with targets at 2068.00 & 2090.56 in extension.
OANDA:XAUUSDLong
by FOREXN1
3
HelenP. I Gold can make one more movement up and then start fallHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price a few time ago rebounded from the support level, which coincided with the support zone and declined to 1930 points. After this, XAU in a short time backed up and even rose higher than the 1975 support level, thereby breaking this level and later starting to trades in consolidation. In this range, Gold first made a retest of the support level and then made a strong impulse up to the resistance zone, but when it reached this zone, it even rose higher than the top part of the consolidation, after which price in a short time declined back, making a fake breakout. Next, Gold fell to the support level back, after which at once rebounded and made an impulse up to the resistance zone, which coincided with the resistance level again. But a not long time ago, XAU started to decline and fell below, making fake breakout one more time. Also, recently, it turned around and started to rise, so possibly Gold will try to grow to a resistance level, after which the price can start to decline. Therefore I set my target at the 2010 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
Gold - 4H bullish signalsHey everyone! Let's dive into what's going on with gold after the CPI news. We saw a spike, followed by a channel formation. But after losing channel support, I'm expecting gold to enter a trading range, starting with the first pullback post-spike. Notice how gold experienced three bearish pushes, each weaker and shallower than the last, barely breaking the previous lows. So, what's next? I'm predicting a rise. This could be further fueled by the delay in rate cuts amid ongoing inflation and the looming recession.
FX:XAUUSDLong
by Sober_Trading
Gold can make small correction and then continue to rise to 2075Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago made a strong upward impulse to 2145 points, but at once in a short time declined to the resistance line of the triangle, thereby breaking the 2075 resistance level. But later, the price rebounded from this line and made a downward impulse to support line, thereby breaking the 2075 level again and even the 2015 support level, which coincided with the buyer zone. Next, Gold bounced from the support line and made impulse up this level, broke it and soon made a retest. After this, the price continued to move up to the resistance level and when it reached this level, XAU rose to the seller zone and even a little higher. Then Gold turned around and in a short time declined to support line of the triangle, making a fake breakout of the 2075 level. Also later, the price exited from the triangle and fell to the support level, where it recently rebounded and started to rise. So, I think Gold can make a small correction movement and then continue to move up to the 2075 resistance level. Therefore I set my target at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
XAUUSD H4 Triangle PatternEconomic Data: US Non-Farm Payrolls (NFP): Released on Friday, January 6th, the NFP report showed stronger-than-expected job growth, potentially raising concerns about inflation and future interest rate hikes. This could push investors towards the safe-haven gold, providing it with some support. US Consumer Price Index (CPI) (Jan 11, 2024): Inflation remains a key concern, and a higher-than-expected CPI could boost the dollar and put downward pressure on gold. Geopolitical Events: Tensions between Russia and Ukraine: The ongoing conflict in Eastern Europe continues to be a source of uncertainty for financial markets. Any escalation in tensions could lead to a flight to safety and boost gold prices. Weekly Forecast (Jan 8 to Jan 12) : XAU/USD - H4 Chart - Triangle Formation Price must need to break Triangle and Retest, then only able to take Entry. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
17
GOLD's Movement explainedSo what is up guys, I haven't had the opportunity to sit down and produce an analysis on gold over the last few days as I have been extremely busy working with students or other businesses that I run, I will admit my attention has been pulled away from the charts in the last few days but I am back and I am here for the day (I hope lol) So looking at the monthly timeframe I can say that it still definitely is extremely bullish - there isn't anything that can convince me otherwise - See image below of the monthly timeframe As I would mention in the image below I can't yet trust the monthly candle as it has about 20 days before it closes - meaning ANYTHING can happen between now and the next 20 days I am skipping the weekly timeframe in this analysis as I don't think there is any information that I need from that timeframe that I cannot get on the daily - Looking at the daily timeframe we can see that it has had quite a few bearish days and moves in the last week Now looking at the last 3 days or so, we can see that there are some wicks being thrown to the top side and I don't know about you but that doesn't give me confidence in looking for buys - why if I am looking for buys would I want to see data that suggests sells? But it is interesting and I will tell you why - Why would the dealer be inducing sellers in a bull market? Let me tell you why I think this is the case Who is the real target in a bull market? Buyers or sellers? Before you try to answer I want you to think who has more to gain. When you think about who has more to gain, you have to ask - does the dealer want this party to win? does he want this party to gain? Of course not. So in that light it is simple and easy to say that buyers would be the target right? Sellers would be taken out once the market resumes buying But before it can resume buying the dealer needs to get rid of traders who bought - remember he doesn't want traders who are buying to gain anything. So the next question is simple - Where are the buyers buying? Lets look at the chart again and see if anything makes sense When we look at the 4 hour time frame I am just trying to identify areas in which I feel the average retail trader may have felt safe to place a buy and I arrive at these zones circled in green, but why? These are low points that would have also made higher lows - which I am aware traders love using that B.S - Higher high and higher low to dictate whether or not they should buy. If you realize I am using what I know other traders do in my analysis but I am not using that myself to place a trade - I said this before, I like Context, I want to understand what other people may be seeing so I can build out the picture as close to what it really is, you cannot do that when you look at the market one dimensionally. But wait there is more Is it at all possible that this bull trend is also now an additional induction to get traders to buy? I think so yes, it makes sense for the dealer to induce buyers to make them feel safe and add more buys Buyers would feel more inclined to open bigger positions because the gold market is bullish overall so buys make sense. Interestingly enough buys are the right play I think but it isn't WHAT it is HOW. This is why I think the seller induction of the higher timeframe right now make sense - get sellers to step in and push price lower and stop out the buyers induced to buy in these areas (green) On the m15 timeframe I believe that sellers would have already been destroyed so the dealer is free to use that seller liquidity to push price lower as seen in the image below (turquoise) Look at the previous tap on the trendline or the most recent low, I wouldn't be surprised if price stops there and bounces back up temporarily to further induce buyers before dropping lower to take out all buyers completely I have an alert set at the low Let me know what you think about this thought process Don't boost if you didn't take the time to read and try to understand this entire analysis OR Boost if you did take the time to read and try to understand this entire analysis I think trying to take a trade before I know what price is likely to do next is irresponsible of me. So I will be waiting Have a great day folks
OANDA:XAUUSDShort
by Brandon_evo4
3
XAUUSD TEMP REVERSAL AND LONG-TERM BULLISH OUTLOOKAs we delve into the intricacies of the gold market, it's essential for investors and traders to understand the current economic landscape and how it influences gold prices. Historically, gold has not just been a symbol of wealth but a strategic investment during times of economic uncertainty. Recent trends in the gold market are particularly intriguing. Closing the year above $2,000 per ounce for the first time, gold has proven its resilience and attractiveness as an investment. This surge is not just a fleeting moment but a continuation of a pattern, with gold achieving its eighth consecutive annual gain. Why this surge, you might ask? A lot of it boils down to the broader economic context, particularly the U.S. jobs market and the Federal Reserve's policies. Despite a slight decrease in nonfarm payrolls, the labor market remains robust. However, what's really catching the eye of investors is the Federal Reserve's policy tightening, which has led to the highest interest rates in over two decades. Interestingly, this scenario potentially sets the stage for a 'soft landing' of the economy, indirectly impacting gold prices. For those looking at gold through the lens of investment, it's crucial to note the correlation between the U.S. national debt, now crossing $34 trillion, and gold prices. This positive correlation signifies that as national debt climbs, gold often follows suit. It's a trend that has been consistent since the start of the century. So, what's the takeaway for investors and traders? While daily charts might show bearish trends, the broader view remains strongly bullish for gold. Technical analysis suggests that key support levels could be around $1,994 and $2,019, with potential bullish peaks reaching as high as $2,130. In conclusion, gold remains a fascinating and potentially lucrative avenue for investors. Its historical resilience, coupled with current economic trends, paints a promising picture for those considering diversifying their portfolio with this timeless asset. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAUUSDLong
by legacyFXofficial
GOLD - Price can make a small movement down and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it in a short time reached $1975 level, which coincided with support area and broke it. Then Gold made retest and after this it made impulse up to resistance line of channel, but soon made little correction. After correction, XAU bounced up to resistance line of wedge, thereby exiting from channel and breaking $2065 level. But soon, price bounced of resistance line and made downward impulse to support line, breaking $2065 In wedge, price made fake breakout of this level and after this, it fell to support line, where Gold trades now. Possibly, price can fall lower than support line and bounce up to $2085 resistance line, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5