Get started

GC1! (Gold Futures)

GOLD → The calm (consolidation) before the storm ⚡︎OANDA:XAUUSD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The calm before the storm. Today, at 13:30 Initial Jobless Claims are published, at this time the dollar in the correction phase is testing the consolidation area and in all likelihood may strengthen if the market supports the index. Gold makes a false break of the resistance area 2039-2042 and forms a consolidation in a narrow range in the phase of waiting for news. Technically, the market continues to stand still. On D1 there is a global flat, but the borders of a symmetrical triangle are present, volatility is decreasing and the range is narrowing. It is interesting that trading volumes are decreasing, but the profile shows a different situation. The market is consolidating liquidity, because at the moment investors do not know what to expect and in the medium term they are aiming to hear some news about the interest rate reduction. Such consolidation may continue until March-April. But the distribution in one side or the other will be very strong, but when it will happen, nobody knows yet :) Resistance levels: 2039, 2042, 2048 Support levels: 2029, 2016, 2004 There is a chance to see bullish news for the dollar today, which could negatively, within a range, affect gold. But, before a possible fall, the price of the metal may test the resistance TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2
XAUUSD, February Bullish SentimentThe overall sentiment for gold prices in February is bullish. While the medium-term trend is sideways, the year of the Wood Dragon and technical indicators suggest potential for upward movement. Year of the Wood Dragon: According to Chinese tradition, the year of the Wood Dragon is considered an auspicious time to save in gold. This could potentially drive up demand and prices. Technical: The gold price has reached support at the trendline, resulting in repeated rebounds. This indicates a strong likelihood of further upward movement. Global economic conditions: The global economic outlook could impact gold prices. If there is uncertainty or instability in the markets, investors may turn to gold as a safe haven. This analysis is based on current market conditions and available information. It is not a guarantee of future price movements.
OANDA:XAUUSDLong
by DNP-FX
2
GOLD → Trading intra-range.. The price continues to stand stillFOREXCOM:XAUUSD has simply been standing still for months now. At least on D1 the range is narrowing and this could lead to something in the medium term. The dollar is forming a correction after a false breakdown. Fundamentally, the index is strong and continues to be supported by US regulators. At 19:00 GMT Bowman FOMC speaks, it is worth paying attention to his comments. Gold at 1 is still in a range. It is quite difficult to anchor an entry point to something because there are no safe zones to open orders inside such consolidation. The good news is that the range is narrowing and the denouement of the situation is approaching. On H1, the price is inside the local range 2039 - 2016 and gold can continue trading inside this consolidation for quite a long time. The resistance was tested earlier, a retest is possible, but on a negative fundamental background and a strong dollar, gold may decline a bit. Resistance levels: 2039, 2042, 2057 Support levels: 2029, 2016, 2004 A retest of the resistance is possible before a further decline within a range trading strategy. It is worth paying attention to the range 2039 - 2029. Breakout of the boundary and price consolidation above resistance or below support will form a signal for price movement in the corresponding direction. COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
7
XAUUSD Trading plan on 4H break-outs.Gold (XAUUSD) is technically neutral on the 4H time-frame, ranged within the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line). The 4H RSI is on a pattern which usually denotes a short-term peak, similar to January 19 and 12. We will apply a break-out trading plan. As long as the price remains within a Channel Down similar to that of Jan 19 - 25, we will be bearish, targeting 2020. If the price closes above the Channel Down and Resistance 1 (2045), we will dump it and turn bullish, targeting 2065 (Resistance 2 and +2.47% from the Low, which is a standard rise % in the past 4 weeks. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
GOLD → A retest of support will lead to a breakout FOREXCOM:XAUUSD under the influence of negative fundamental background is testing the support, from which it is forming the rebound we were waiting for. At this time the dollar is strongly strengthening and overcoming local boundaries. On D1 the price of gold is testing the ascending support, a small rebound and a possible retest of the support may be a signal that the market is ready for further decline. There is no strong news today, several FOMC representatives will speak, but the outlook for inflation and rates is the same. On the XAU graphee, we should pay attention to the support at 2021 and 2016. A retest, price squeeze and pre-breakdown consolidations would indicate that the market is ready for a breakout of this zone for a further decline towards 2004. However, price may still test resistance at 2031, 2039 before further decline. Moving averages are trying to form another line crossover. Resistance levels: 2028, 2031, 2039 Support levels: 2021, 2016, 2004 At the moment, the dollar is ready to grow further, except that a small correction may follow. But fundamentally, the outlook is the same. Gold in this case may break the nearest support and head towards 2000 TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
3
GOLD is under pressure from Treasury bond yieldsGold prices fell on Monday, pressured by rising US Treasury yields and a stronger US dollar, following a series of solid US economic data, including January nonfarm payrolls and ISM Services PMI. Comments from Federal Reserve policymakers that an interest rate cut in March was unlikely also contributed to the decline in bullion prices. From a technical standpoint, XAU/USD slipped below the 50-day simple moving average following Monday's pullback, but managed to hold above horizontal support at $2,005. For precious metals sentiment to improve, this technical floor must hold; otherwise, sellers may become bolder to start attacking the $1,990 level. On further weakness, attention turns to $1,975. In the event of a bullish reversal in the coming days, which seems unlikely given the lack of positive catalysts and growing headwinds, the 50-day simple moving average is at $2,032 will be the first line of defense against further advances. Looking further out, the next important ceiling is $2,065, followed by $2,085, the late December high.
OANDA:XAUUSD
by Xayah_trading
GOLD → Falling to a strong liquidity area. Retest of D1 supportFOREXCOM:XAUUSD has been losing ground since the opening of the session on the negative fundamental background, which has persisted since last week. The price continues trading inside the range. On the high timeframe the price is declining towards the ascending support line, most likely this area will be tested in the near future. But, as this support plays a rather important role in the market, we should expect a rebound from it, as there is no clear trend in the market and the range trading strategy has the advantage at the moment. On H1, the price has been declining since the opening of the session and is heading towards 2016, from this area, technically, a correction to the strong liquidity area of 2031 may follow. The retest of 2031 and the price reaction will show the further direction, but the prospect is that the fall from this resistance will continue with the target at 2004. Resistance levels: 2031, 2039 Support levels: 2016.8, 2004 As long as the price is inside the range and there is no definite trend in the market, gold may continue to hang around in this channel, trading between the same levels. At the moment there are no such prerequisites, so, for the time being, we should focus on the continuation of trading inside the sideways channel TVC:DXY COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
9
GOLD → Friday sales, price in sideways movement FOREXCOM:XAUUSD was ready to overcome the resistance of the 2062 range, but Friday's NFP, with sharply unexpected data of 353K ruined the temporary plans of buyers. The dollar is building strong momentum and continues its strengthening trend. pic: Long-term bullish trend. The price is trading at its maximum values On the 2-week timeframe we see a strong bullish trend, price is trading at its highs and is likely to continue to test the extensive resistance area for a breakout. The reason for this is the high interest in the world during the geopolitical instability, banking crisis, and the huge interest from the world Central Banks, which continue to buy the asset. Fundamentally, gold is no longer actively reacting to the conflicts in the Middle East, but investors continue to buy the metal as a safe haven. Last week Powell made it clear that they will cut the interest rate, but not in March, which disappointed investors a bit, but Friday's NFP, which was apparently bogus, formed a strong sell-off at the end of the week ( high NFP with high jobless claims... ). In the coming week, we should expect the FED chief to speak, as well as other members of the Federal Reserve. On Thursday, Initial Jobless Claims is worth paying attention to. pic: Sideways price movement in the gold market. Neutral position between bears and bulls Locally, on H1, gold is in the 2064-2016 range. Also, there is a strong support area at 2031 from below, after a false break of which the market is buying back the decline a bit. Technically, gold is strong and quite confidently can defend its positions on the background of the dollar growth, but on the background of panic and imbalance from the support, the Market Maker can form another long-squeeze relative to the lower levels. It is also worth paying attention to the fact that the price is still in the range. It is difficult to trade inside the range, so I advise you to look for strong levels or zones. Resistance levels: 2057, 2064, 2040 Support levels: 2031, 2020, 2016 OANDA:XAUUSD TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
4
GOLD price falls, risks are not goneShort-term gold prices will still be strongly influenced by upcoming economic data and their impact on the USD and expectations of FED interest rate cuts. Next week, only service PMI data and the US weekly unemployment report will be released, so these data may not have much impact on gold prices next week. Technically, considering the H4 time frame ptkt chart, the gold price is currently moving sideways within the range of 2,000-2,065 USD/oz. Next week, if the 2065 resistance mark is broken, the gold price may look up. 2090 level, on the contrary, the 2000 support zone was broken, gold price regained the 1975 mark.
OANDA:XAUUSD
by Xayah_trading
GOLD → How can NFP affect the price of gold?FOREXCOM:XAUUSD is updating highs but continues to be inside a sideways movement limited by resistance at 2065 and support at 2020. The market is in the waiting phase for NFP. Quite an interesting situation this week. The asset is forming a retest of 2062 resistance on D1, but below is a strong support at 2050-2048, which hides a large pool of liquidity behind it. There is a chance that the price may retest this area before or on the backdrop of the news. In the mid-term, it is expected to rise as we have a chance to see NFP below 216K published in December. Technically, gold is in consolidation between 2058 - 2048, a classic situation where the market does not know what will happen. The price is restrained by the resistance of the range 2058-2064, if this area is broken, the distribution to 2078-2088 may be formed. And already below 2030 a panic zone is formed, which, from a theoretical point of view, the price can also test in order to get rid of an unnecessary passenger before further movement of the train. Support levels: 2048.8, 2039.4, 2030 Resistance levels: 2058.3, 2064 Based on the data, we have a high but not 100% chance that NFP may show bearish data for the US market, which could be positive for gold. But! The unpredictability of the news is not canceled! TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
13
XAUUSD is still Bearish long-term and this is why.Following the two day price surge after the Fed kept the Interest Rates unchanged and communicated their intensions of being in no rush to cut rates, we believe it would be beneficial to look Gold (XAUUSD) from a long-term perspective again and in doing so, we are updating our December 27 2023 (see chart below) comparison between the 3 Cycle Tops since August 2020: As you can see, we were spot on with shorting the rejection on the 0.618 Fibonacci level (which was the case on the previous 2 Cycles (their first Lower High)) but even though the price did break below the 1D MA50 (blue trend-line), the recent 2-day rise is delaying the 1975.00 Target (Support 1). However Gold is not completely unfamiliar to this as during September 2020, the price made several Lower Highs as well, before hitting Support 1. The 1D RSI break-out sequence above the Falling Wedge, confirms this exact expectation that Gold may trade sideways for as long as a month before a new Lower Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
GOLD → The sideways movement continues. What's going on?FOREXCOM:XAUUSD continues to be in global and local sideways movement, which is already annoying. The difficulty of trading lies in the fact that it is more difficult to identify strong zones to enter positions than in a trending market. It is allowed to trade from strong borders or zones, otherwise the market will simply tear up. Technically, gold continues to push up to the 2048 resistance. After the false breakdown, there is no fall and we see that the price is slowly but approaching the boundary, but at the same time volumes continue to decline. Or, hidden accumulation of potential is formed and if the price continues slow approach to 2048.7 in the future, the level may be broken soon. But it is too early to say about it. The price makes a false breakdown of 2048.8 and on the retest makes it clear that bears are not letting up yet. On the background of the news, the price may head towards trend support, either from 2048.8 (after another retest), or after a break of 2040, as there are no local reasons for growth beyond 2048.8 at the moment. Support levels: 2039.4, 2030.9, 2020.8 Resistance levels: 2048.8, 2058.3 There are still some important news ahead, most likely the market will not change much, except for some highly volatile movements, but in general the price will remain in a range, probably until tomorrow's NFP TVC:DXY COMEX_MINI:MGC1! TVC:GOLD COMEX:GC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
11
GOLD → Traders are panicking. Growth amid low volumesOANDA:XAUUSD has been trading in a very narrow range lately with low volatility, while the dollar index is standing still. Something very turbulent is coming. A stalemate and confusing situation is forming on D1. On the background of retests of resistance areas and attempts to break the upper trend boundaries, trading volumes are decreasing in the market. Technically, the price is gradually pushing towards the resistance at 2039.4 to break it. After a false breakout, there is no fall and the price is testing this level again. Volumes are falling at this time. There is strong news ahead. In the mid term, traders are waiting for news that could weaken gold. But amid the initial reaction, the XAU price may test the resistances. And after stabilization of the situation, the fall (which is waiting for the market, judging by the volumes) may continue. Resistance levels: 2039.4, 2048, 2058 Support levels: 2033, 2029, 2020 There is news ahead, which will come gradually. The strength of the news is high. Technically, gold may strengthen temporarily, but fundamentally and on the background of weak purchasing power, the price may fall in the future. Everything is determined by the actual fundamental background. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
23
GOLD strong fluctuations after FOMCGold prices fluctuated strongly after US Federal Reserve Chairman Jerome Powell strongly opposed expectations of loosening monetary policy in March. Specifically, at the first monetary policy meeting For the first part of 2024, the US Central Bank decided to leave interest rates unchanged but the head of this central bank, Mr. Powell, rejected the idea of ​​cutting interest rates in the spring, which many market participants did not like. school expected. At the end of the session, the Federal Open Market Committee (FOMC) announced that interest rates would not change until the US Federal Reserve (Fed) has greater confidence that annual inflation is about 2 %. After the meeting, traders reduced bets on the start of US interest rate cuts in March and expected monetary policy easing in May to be possible. In another development, according to a recent report from the World Gold Council, global central banks' gold demand is strong in 2023 with a total purchase of 1,037 tons, of which China is still the main country. country with the greatest need. Experts from the World Gold Council also added that demand will continue to be maintained this year.
OANDA:XAUUSD
by Xayah_trading
1
XAUUSD: Rejection at the top of the Channel Down.Gold is neutral on the 1D technical outlook (RSI = 56.363, MACD = 190.210, ADX = 36.018) with a 4H RSI that turned overbought at 70.000 intraday. This just so happened to take place exactly at the LH trendline of the monthly Channel Down as long as daily closes under the R1 level (2,062.00), the medium term trend remains bearish. Two short entries are recommended here, one to target towards the S1 level (TP1 = 2,005) and the other the bottom of the Channel Down and near the S2 level (TP2 = 1,980). The latter will be closed earlier if the price breaks over the 4H MA50 before hitting the target. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
GOLD → Resistance breakout in the absence of volumesOANDA:XAUUSD is breaking through several resistance lines. But there are a few nuances that hint that this breakout may be false. Pic: Global range and no clear strength among buyer or seller On the two charts from the high timeframe, we see a breakout of resistance. Technically, we should expect further growth. But I am very much confused by the lack of volumes . This fact suggests that traders do not support this movement, which can be formed with manipulative sense before the flow of strong news on Wednesday, Thursday and Friday. Pic: Growth and resistance breakout amid weak volumes Technically, the Market Maker may test 2045 and 2048.8 as this zone is also an area of interest. But there is still a high chance of a false breakout with further decline. Resistance levels: 2039.4, 2045, 2048.8 Support levels: 2035, 2030, 2025, 2020 The situation is tense. The market continues to stand still before strong news. Within the current range, we should expect trading to continue inside its boundaries. However, at the moment, there is still pressure from sellers on the back of a strong dollar TVC:DXY OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
39
XAUUSD VERY BULLISH PROBABILITY - INDEPTH ANALYSIShello guys , after today it seems like gold want to move up here is why : first of all On the daily time frame we have a double bottom Today the price broke a key trendline which he rejected for quite some time the price also broke last 30 days point of control (poc) which means buyers beated the sellers. also the close of the daily candle indicates a bullish continuation . confirmation is the break of 2035 area which plays as a resistance zone and a neckline of the daily double bottom if the break out is valid. TARGETS ARE ON CHART . keep in mind this week is super action packed due to fondamentals so watch out for those.
EIGHTCAP:XAUUSDLong
by xAB777
GOLD → Resistance Retest. What is the chance of a short-squeeze?FOREXCOM:XAUUSD has been testing trend resistance since the opening of the session. At the same time, the dollar index continues to consolidate, but within the upward trend. Regarding the trend resistance XAU we observe a retest, if we pay attention to the volumes, they are absent. What is the probability of a short-squeeze in such a case? The market may go from local downward movement to a sideways phase, as evidenced by the unclear market environment and global flat trading in the whole forex. The new range in gold could be: 2035-2020, or 2060-2020. There is an important resistance ahead - 2035, which may be of interest to the market maker because there is a huge pool of liquidity above it, which can be determined by the volume profile. Resistance levels: 2035, 2039.4 Support levels: 2020, 2010 At the moment it is worth looking at the resistance at 2035 and 2039.4. * A false break of the lower one will generate signals for the continuation of the range formation. In this case, the price will head towards the support. * But a breakthrough and price consolidation above 2039.4 will form a signal for the continuation of growth to 2040-2060. TVC:DXY COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
16
XAUUSD 4H MA200 and to of Channel Down Sell.Gold (XAUUSD) is about to test the 4H MA200 (orange trend-line) for the 4th time in 10 days having already 3 failed bullish break-out attempts (all 4H candles broke but failed to close above it). At the same time, all this price action is being done at the top (Lower Highs trend-line) of the 1-month Channel Down pattern, which strengthens the sell sentiment. Technically since the December 03 2023 All Time High (ATH), the metal has been on a neutral medium-term trade within a Resistance and a Support Zone, the latter being the ideal target at the moment. Every Lower Lows leg of the Channel Down has been approximately -3.00%. Since we have a Diverging Lower Lows trend-line involved this time, we will target 1983.50, marginally above the top of the Support Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
6
🥇 GOLD - Is the price getting ready to fall further? Gold may continue to fall in the medium term as there are now no clear reasons for further gains. Fundamentally, the dollar still looks strong, which could technically weaken gold. For the gold market and market maker, there are important targets below 2000, where, theoretically and technically, could bring the price down. Reasons for further decline: 1) False PDH breakout, no reaction and no upward momentum 2) Negative fundamental background for gold 3) Local trend is bearish (tops are declining, lows are declining) 4) Retest of resistance leads to a false breakout. Bears are showing strength
OANDA:XAUUSDShort
by AndeWave
1
GOLD → Pressure on XAU price. Consolidation below MA-50FOREXCOM:XAUUSD continues to forge a bearish correction amid a localized decline in interest due to a strengthening dollar index. Pic: Bearish pressure on the 2025 level On D1 we can observe the sawing of 2025 level on the background of strong struggle, buyers have formed quite a huge pool of liquidity below 2025-2020. But on the background of market pressure the price still enters the range 2025 - 1984. And we can see it on the background of confirmation in the form of price consolidation below the resistance. There is a lot of strong news in the coming week, starting from the FOMC, FEC speech, which will obviously discuss the further situation with inflation and interest rate, and NonFarm Payrolls on Friday. This period is expected to be quite volatile, but only in its second half. Pic: The priority trend on H1 is bearish. Downward price channel Technically, on the local timeframe we see the formation of a bearish price channel, earlier the price overcame the 2035-2020 consolidation support, at the moment the market is in the correction phase and retesting the previously broken area. On D1 the gold is consolidating below the daily MA-50 and essentially opens us a new path for a possible decline, as now the market and whales may be interested in the 2000-1984 area, before a possible further rise. From the opening the market may form another retest of the 2020-2025 resistance area before continuing the local trend TVC:DXY COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
8
GOLD → Downtrend and fundamental background FOREXCOM:XAUUSD continues to forge a downward price channel as the dollar index strengthens on a positive fundamental backdrop. In general, this is a negative scenario for gold, but the bulls continue to keep the price from a strong fall as much as possible. Pic: Consolidation of price below 2025 under pressure from downward resistance Today Core PCE PI is published, a slight change for the worse is expected (by analysts and traders), but I don't think it will make a global difference against the backdrop of GDP and yesterday's news. BUT, only if the actual data is not released with a big difference to the expected data. Technically, gold is testing the strong 2020-2050 zones on the back of the downtrend within H1-H4. Earlier we saw the price moving out of the range, at the moment the price is testing this area. Before a possible further decline, the price of gold may test the trend resistance, which in the mid-term may continue on the background of a rising DXY. Resistance levels: 2020, 2025, 2030, 2035 Support levels: 2010, 204, 2000 Since gold is trading with a negative fundamental background (at the moment there are no fundamental or technical preconditions for growth or change of trend) and within a downtrend, at the moment the market has chances to test local lows up to 2004 (1985) TVC:DXY TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
2