Get started

Goldbullish

GOLD ROUTE MAP UPDATEHey Everyone, What an amazing finish to the week smashing all our chart ideas across all our multi timeframe analysis. After completing all our targets yesterday; we stated that we now needed to see ema5 lock above 2797 for a continuation into 2808. This was hit perfectly today completing all our targets for a perfect finish to the week. BULLISH TARGET 2778 - DONE EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET 2787 - DONE EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 - DONE EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET 2808 - DONE BEARISH TARGETS 2768 - DONE EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET 2757 - DONE EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET 2746 - DONE EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET 2732 - DONE EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWING RANGE SWING RANGE 2707 - 2697 We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
21
XAU/USD Longs from 2,696.000 back upMy analysis for GOLD this week focuses on the continuation of the strong bullish trend. GOLD has shown impulsive movement and reacted perfectly to the demand zone I marked out last week. This reaction led to a break of structure to the upside, further confirming the bullish direction. Now, with new demand zones formed, I’ll be waiting for the price to retrace back to either the 1-hour or 3-hour demand zone before the next bullish rally. From there, I plan to buy up to the Asian high, which is positioned just above the nearest supply zone. Confluences for GOLD Buys: - Price reacted strongly off last week’s demand zone and remains bullish. - Both the short-term and long-term trends are bullish. - Price has broken structure to the upside again, confirming direction. - An Asian high above needs to be taken, providing a clear target. Note: If the price moves up first, I may consider a quick sell from the 1-hour supply zone. However, I’ll wait for additional confirmations before taking any counter-trend trades.
OANDA:XAUUSDLong
by Hassan_fx
1
"Gold Break of Structure (BOS): From the provided chart: 1. **Break of Structure (BOS):** The market recently broke above a key level, indicating bullish momentum. 2. **Support Zone:** Price is currently retesting a demand zone (highlighted in light orange) near 2660, showing signs of a potential bounce. 3. **Target Area:** The purple line at 2676.82 marks the next resistance or target level. A continuation of the bullish trend may aim for this level. 4. **Trade Setup:** The blue arrow suggests a likely move upward if the demand zone holds, confirming the retest. **Conclusion:** Wait for confirmation of support around the current zone (2660-2664) before entering a long trade, with a target of 2676.82. A failure to hold this support could lead to further downside testing.
CAPITALCOM:GOLDLong
by TRADE_CENTER_1
XAU/USD Longs from 2,630 or 2,610 back upThis week, my GOLD analysis focuses on the continuation of the bullish trend. Last week, GOLD showed significant bullish momentum, and we can expect the price to retrace into an unmitigated demand zone before resuming its upward direction. I’ll be watching for the price to tap into either the 7-hour or 4-hour demand zone below. Once it does, I’ll closely monitor lower time frames for confirmation. If the setup aligns, I’ll look to take buy trades with the trend, aiming to clear liquidity resting above. Confluences for GOLD Buys: - Recent and overall bullish momentum. - Unmitigated demand zones near the current price. - A confirmed break of structure to the upside. - Significant liquidity above, including Asia highs and imbalances. Note: As the price approaches a key supply zone, we might see some bearish pressure. This could present an opportunity for a potential counter-trend trade.
OANDA:XAUUSDLong
by Hassan_fx
XAUUSD Strong Bullish Momentum1. Trend Uptrend: The price is trending upwards within the ascending channel, with higher highs and higher lows, indicating a bullish market sentiment. 2. Support and Resistance Support: The lower boundary of the channel acts as dynamic support, where price has bounced multiple times. If the price continues to move within this channel, it may find support around the 2,680-2,700 USD range. Resistance: The upper boundary of the channel acts as resistance. If the price reaches this level, it could face resistance near 2,750-2,760 USD in the near term. 3. Price Action Bearish Candle: The recent candle shows a significant drop (-1.11%), indicating bearish pressure. The price is testing the lower channel boundary, which could be a critical support zone. Potential Reversal: There seems to be a projection for a bullish bounce off the lower boundary, suggesting a possible upward move back towards the mid-to-upper range of the channel, as shown by the zigzag projection on the chart. 4. Projections Bullish Scenario: If the price holds at the lower boundary and rebounds, it could aim for a move back towards the upper channel line, targeting around 2,760-2,780 USD. Bearish Scenario: If the price breaks below the lower boundary of the channel, it could signal a shift in the trend, potentially targeting support levels below 2,680 USD. 5. Key Levels Immediate Support: 2,700 USD (channel support) Immediate Resistance: 2,750 USD (upper channel resistance) Potential Targets: A bounce could aim for 2,760-2,780 USD, while a breakdown may push the price down to 2,660 USD or lower. In summary, the XAU/USD pair is in an overall uptrend but is currently facing a pullback near channel support. The next few sessions are critical to see if the price respects the channel or breaks downwards. If the support holds, a bullish continuation is possible.
FX:XAUUSDLong
by YogaID
Gold's divergence from lows & a leap back to the high sky today? As I now know that Cryptocurrency has broken upwards & out of its tight ranges, well for now at least as it's a very volatile beast, Crypto, & the whole lot of it; my focus has swapped to Gold and Silver prices and I see that both have upside potential of their own, especially during Tuesday Asian trading when I was watching both at the bottom of their 15m triangle patterns and both ended with dignity taking a leap upwards in price. There are 15M Buy-order blocks that extend down to 2636.30 approximately, but I would not expect price to break-down that much more, given gold's general supremacy and standing in the world at present. The Gold price has pretty much been in a slightly corrective and smallish price-range for the past 4 weeks. I think another leg-up might commence soon.
EIGHTCAP:XAUUSDLong
by Easy_Explosive_Trading
XAU/USD longs from 2,620.000 back up The outlook for Gold looks promising as we are now aligned with the pro trend. I’ve observed a clear character change to the upside, along with accumulation on the higher time frame, signaling that price is ready for a potential rally. Currently, I’ll be waiting for price to retrace slightly, sweeping the untouched Asia low and tapping into my marked demand zone. At this level, I’ll be looking for confirmation on the lower time frames before targeting the trendline liquidity, particularly near the all-time highs (ATHs). Confluences for Gold Buys: - Market Structure: Both higher and lower time frames are strongly bullish. - Wyckoff Accumulation: Price has formed a Wyckoff accumulation pattern on the higher time frame, indicating a trend shift. - CHOCH: A change of character (CHOCH) has occurred on the 4-hour chart, confirming a directional shift. - Liquidity: Significant upside liquidity in the form of trendline liquidity, with ATHs in view. - Key Demand Zone: A strong daily demand zone caused the structure shift, making it my primary point of interest (POI) for the week. P.S. If this demand zone fails, I’ll be looking for a potential long setup forming around the 10-hour demand zone. New ATHs possible?
OANDA:XAUUSDLong
by Hassan_fx
9
XAU/USD getting ready for another rally?Gold appears to be generating significant liquidity, suggesting a potential setup for another rally to the upside. We’re seeing liquidity engineering, which points toward the possibility of gold making a push to retest all-time highs. I’m watching for a chance to capitalize on this move. There’s a 1-hour demand zone just below a pool of liquidity that has recently triggered a change of character (CHOCH) to the upside. I’ll be looking for price to mitigate that demand zone before taking liquidity higher. Confluences for Gold Buys: - Gold is consolidating, likely preparing for a breakout. - Trendline liquidity to the upside still needs to be taken. - The 1-hour demand zone has caused a CHOCH to the upside. - Gold remains bullish, aligning with the overall trend. - The US Dollar Index (DXY) is showing signs of bearishness from its supply zone, supporting the bullish outlook for gold. Note: If price continues to drop and fails to hold at the 1-hour demand zone, I’ll anticipate it to fill the imbalance below and mitigate the 10-hour demand zone. This area is another point of interest where a potential bullish rally for gold could form.
OANDA:XAUUSDLong
by Hassan_fx
XAU/USD Sell to buy idea, from 2,590 or 2,560This week’s analysis for gold suggests that the price will slow down and begin to distribute. Once the price corrects and retraces to one of my nearby points of interest (either the 10-hour or 5-hour demand zone), I'll be looking for re-accumulation to occur on the lower time frames. Once this re-accumulation is confirmed, I’ll be looking for buying opportunities to continue the upward trend. I expect this move to happen later in the week, depending on the volume and how long it takes for the price to consolidate and break out. Key confluences for gold buys: - The price has been bullish on both lower and higher time frames. - Two clean demand zones have triggered the recent break of structure. - A bullish move is pending a pullback. - The dollar is bearish, which supports gold’s upward movement. P.S. If the price starts to decline and shifts in character, I’ll be looking for a supply zone to potentially catch a short-term sell down toward the demand level.
OANDA:XAUUSDLong
by Hassan_fx
Bullish on Gold and Silver | Long-Term As I mentioned in the previous post on DXY, my bias on the US Dollar index is bearish for the first half of September. Also, as the seasonality of Gold and Silver suggests, September is a negative month for these two cousins. So, in my opinion (not investment advice), in the last week of September and the first week of October, we might see good lows on Gold and Silver. Remember, we cannot time the market, for now, I anticipate the lows to form at the end of September because the seasonality and the price action support this narrative for me. Also, the market is expecting the first rate cut on September 18, which, I believe, Gold and Silver already priced in that sentiment to some degree. We can expect Gold to go as low as 2450$ before it attacks 2600$, and silver to revisit the 25$ - 26$ area after 4 months (the red scenario). I like the chart formation on Silver as it formed a very bullish structure on monthly and weekly charts. That's why I also put the yellow scenario which suggests Silver would dance around the 28$ level before it breaks out the 30$ and continue its journey towards 36$.
OANDA:XAGUSDLong
by SamanFx0
Gold forecast: What now for gold after scoring 7 monthly gain?I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Gold finished higher for the 7th consecutive month in August, meaning that the precious metal is now up a solid 21% year-to-date. Will it be able to rise further in September or take a breather? The gold forecast will now depend at least partly on incoming US data and interest rate expectations. I continue to maintain a bullish view on the metal thanks to a favourable macro backdrop and its steady-as-she-goes price action. Gold forecast: Can XAU/USD continue rising? I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Additionally, there are few fundamental reasons to short sell gold at the moment. In fact, some argue that gold is still undervalued, considering the significant devaluation and loss of purchasing power of fiat currencies worldwide due to high inflation, which remains persistent in some regions. While disinflation is evident in the US and other areas, it's not the same as deflation. Prices are still increasing, just not as rapidly as before. Demand for gold as an inflation hedge should continue to offer support. Moreover, the sharp decline in bond yields in the last couple of months, driven by expectations of rate cuts by the Federal Reserve, is likely to benefit low or zero-yield assets like gold. As long as we don’t see a reversal in the that trend, lower yields should argue against a sustained period of weakness for gold and silver. Dollar in focus ahead of busy week The US dollar is facing a key test this week with the release of several market moving data releases, including the August jobs report. Following today's US Labor Day holiday, the US data schedule becomes busier, featuring ISM manufacturing data on Tuesday, JOLTS job openings on Wednesday, ADP employment data, jobless claims, and ISM services on Thursday, and culminating with the key event of the week, the August jobs report on Friday. Out of all of these data releases this week, the nonfarm jobs report should be a key determinant of whether the dollar’s two-month dollar bear trend extends or whether range bound price action will return. Gold bulls will need to a weaker number to send the metal sharply higher. But if the consensus is correct regarding Friday's jobs report, which predicts 165,000 job gains and a decrease in the unemployment rate to 4.2% from 4.3%, then the market will likely solidify expectations for a 25-basis point rate cut to start the Fed's easing cycle on September 18. In this scenario, I would expect to see a modest weaker reaction in gold at least. However, if payrolls only increase slightly, say by around 100,000 or so, with the unemployment rate potentially rising too, then in this scenario, the dollar could resume lower, sending gold sharply higher as expectations shift back toward a 50-basis point Fed rate cut in September. China concerns linger Meanwhile we have had some mixed PMI readings from China’s manufacturing sector in the last couple of days, leaving investors guessing about the health of the world’s second largest economy. While the official manufacturing PMI fell further into contraction at 49.1 in August from 49.4 in July, the Caixin PMI improved to 50.4 from 49.8 the month before. Meanwhile, the official non-manufacturing PMI ticked up to 50.3, suggesting that perhaps the Chinese economy may have bottomed out. We will need to see further evidence of a Chinese recovery. If so, this will help raise hopes that elevated demand from the world’s top gold consumer nation can sustain precious metals prices at these levels or even push them higher. Gold forecast: technical analysis and trade ideas The steady grind higher is precisely what the bulls would like to see, keeping the technical gold forecast bullish. Shallow dips, higher highs, higher lows are characteristics of strong bullish trends. So, the trend is clearly bullish and will remain that way until we see a lower low form. Dips are likely to find support around broken levels such as around the old record high from July at $2483, where we also have the 21-day exponential moving average converging. The bullish trend line that has been in place since February, comes in around $2450, representing another short-term support level to watch. On the upside, there is only one prior reference point to watch given that the metal is trading near its all-time high. And that level is the all-time high itself, hit last month at $2531. -- Written by Fawad Razaqzada, Market Analyst
WHSELFINVEST:GOLDLong
by WHSelfInvest
XAU/USD (GOLD) Longs from 2,480.000 back upMy analysis for gold this week remains focused on identifying long opportunities to capitalize on the bullish pressure we've been seeing. The plan is to follow the trend as it develops. Last week's consolidation and the current slowdown suggest that the bullish momentum is waning and a retracement might be due. I've identified a 2-hour supply zone where the price might react and trigger a downward move. If this does not happen, I'll look for the price to decline towards the 17-hour demand zone, where I anticipate price accumulation and a potential rally continuation. Confluences for gold buy opportunities include: - Price has shown strong bullish behavior and recently took out the all-time highs. - A clear 17-hour demand zone remains, which caused a break of structure to the upside. -There's trendline liquidity to the upside that needs to be taken. - This move aligns with the higher time frame trend, which is currently very bullish. P.S. I particularly expect the price to sweep the Asian session low around 2484, where we might then see a slowdown. Additionally, there's also a significant 19-hour demand zone below to consider.
OANDA:XAUUSDLong
by Hassan_fx
XAUUSD Longs from 2,490.000 back upMy analysis for gold this week focuses on buying from the 17-hour demand zone, where I expect price to create a new impulsive move to the upside that could potentially take out the previous all-time high (ATH) again. Currently, we see price sweeping a lot of liquidity and family supply zones from last week, which may slow down price and lead it into my 30-minute supply zone. I will approach this zone cautiously, as it involves counter-trend selling from that point of interest (POI). However, it's an extreme zone at a premium price that remains unmitigated, so I'll watch the price action closely on Monday's open to see if price starts retracing or enters the supply zone. Confluences for GOLD Buys are as follows: - Liquidity above that needs to be taken. - The market is very bullish on both lower and higher time frames, making this a pro-trend trade idea. - Fundamental and sentiment-driven news also suggests that price will remain bullish. - Price failed to hold two new supply zones last week. - A 17-hour demand zone has been created, which looks promising for possible buys. P.S. If the ATH is taken out and my 30-minute supply zone fails, I will wait for a new demand zone to form closer to the price before looking for a new supply. Ideally, we get that retracement before continuing the bullish move. Have a great trading week, guys!
OANDA:XAUUSDLong
by Hassan_fx
2
XAU/USD (GOLD) Long from 2.390.000 back up My bias on gold remains bullish. Price has been reacting strongly to demand zones and imbalances, producing solid bullish candles. However, since price left a clean demand zone, I expect a small pullback into that zone for reaccumulation. Once price gives a change of character to the upside in the 20-hour demand zone, I’ll look to buy back up to target the Asia high below the 45-minute supply zone. Confluences for GOLD Buys: - Price changed character to the upside, leaving a clean 20-hour demand zone. - Liquidity above in the form of an Asia high. - -Market structure is bullish on both higher and lower time frames. Economic news and ongoing conflicts support GOLD longs. P.S. After sweeping the Asia high below the supply, I expect a short-term sell opportunity around the 45-minute supply at 2,470.000. However, I’ll wait to see how price reacts.
OANDA:XAUUSDLong
by Hassan_fx
XAU/USD Imminent Longs from 2390 back upThis week’s analysis for gold reveals a compelling setup. We've observed a bearish reaction from the supply zone I previously identified. With a character change to the upside and a daily demand zone in place, this setup suggests a potential rally. If price reaches the 2-hour supply zone (Scenario B), I will look for a distribution pattern to consider short-term sells. However, we'll assess this as price progresses. Confluences for GOLD Buys: Character Change: Price has shifted to the upside, leaving a robust demand zone. Accumulation: Recent accumulation suggests readiness for a new rally. Trend Alignment: Gold remains bullish, reflecting the overall market trend. External Factors: Ongoing geopolitical events and news typically push gold higher. P.S. If price surpasses the supply zone, there is a strong likelihood that gold could reach new all-time highs and continue its upward trajectory.
OANDA:XAUUSDLong
by Hassan_fx
7 Dimensions Idea for BUY Gold CORE Analysis Method: Smart Money Concept 😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Pull Back: 2 🟢 Internal Structure: Bullish 🟢 External Order Block (OB): Mitigated 🟢 Support & Demand: Start Accumulation from discounted area 🟢 Time Frame Confluence: H4 and H1 POI 2️⃣ Pattern 🟢 CHART PATTERNS: W pattern formed at major swing Continuation: Falling Wedge with proper breakout and retest, aligning with the breakout level and Fair Value Gap (FVG) level, making this area a high-probability POI for buyers 🟢 CANDLE PATTERNS: Record Session Count (RSC) detected, indicating a correction towards 2404 Long wick candle at the bottom of RSC indicates bullishness Engulfing and Kicker Sash patterns indicate bullish control at 2403 3️⃣ Volume 🟢 Volume during Correction: Dried up but now showing good volume as price moves upward 4️⃣ Momentum 🟢 RSI: Indicates full bullishness according to Grandfather Father Strategy 5️⃣ Volatility Bollinger Bands 🟢 Middle Band: Supported, contraction during retracement indicating potential range formation 🟢 Band Puncher: Lower band puncher indicates bullish strength 6️⃣ Strength According to ROC: Bullish 7️⃣ Sentiment: Bullish ✔️ Entry Time Frame: 5 minutes ✅ Entry TF Structure: Bullish with 5-minute swing liquidity sweep ☑️ Current Move: Impulsive in entry time frame ☑️ FIB Trigger Event: Triggered ☑️ Trend Line Breakout: Done 💡 Decision: Buy 🚀 Entry: 1st entry at 2406, 2nd entry at 2397 ✋ Stop Loss: 1st at 2399, 2nd at 2391 🎯 Take Profit: 2441 😊 Risk to Reward Ratio: 7.5 🕛 Expected Duration: 2 days SUMMARY This analysis identifies a bullish swing structure on the H1 time frame with a proper BoS and impulsive moves. The internal structure remains bullish, supported by a mitigated external OB and accumulation at the discounted area. The pattern analysis highlights a W pattern and a falling wedge breakout with a retest, positioning this area as a high-probability POI for buyers. Candlestick patterns further confirm bullish control, supported by favorable volume and momentum indicators. The sentiment is bullish with key indicators such as RSI and Bollinger Bands supporting an upward move. Entry points are identified at 2406 and 2397 with respective stop losses and a target take profit at 2441, providing a risk to reward ratio of 7.5. The expected duration for this trade setup is 2 days, contingent on continued bullish momentum and price behavior as outlined.
OANDA:XAUUSDLong
by Optimum369
XAU/USD Longs from 2,380 back up (ATH Soon)My gold bias for this week is bullish. After observing a reaction off the 22-hour supply zone, I expect a further drop to complete a retracement to a nearby demand zone, likely the 16-hour or smaller zones below it. Given my bullish outlook, I will be looking for buy opportunities. Once price reaches my demand level, I will wait for lower time frame confirmation to take it back up, potentially to the old all-time highs (ATH) or even higher. Confluences for GOLD Buys are as follows: - Price has broken structure to the upside and left a 16-hour demand zone. - Price is near the old ATHs, which is a major liquidity point. - The overall and current trend for gold is very bullish. - The DXY is looking bearish, supporting the gold buy ideas. P.S. If the price continues to rise without a retracement, I will wait for further price action to determine if I can sell down to a demand zone.
OANDA:XAUUSDLong
by Hassan_fx
1