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Goldbullishsetup

Gold M15-Scenario Gold has shown positive movement and is currently maintaining its bullish trajectory, bolstered by overall market conditions such as lower bond yields and a weaker U.S. dollar. Stochastic indicators show continued upward potential. Analysts have identified strong resistance around the $2,678 - $2,730 range. Gold is likely to test these levels again, with a potential breakout if the bullish momentum sustains. Some experts expect a potential pullback due to overbought conditions, while others believe that geopolitical tensions and macroeconomic factors may push the price higher. Analysts have indicated ranges from $2,600 to $2,800 per ounce, with some even suggesting it could climb higher due to safe-haven demand. In the short term, it seems gold may experience a slight decline or stabilization after its recent highs, but the broader trend remains bullish amid ongoing uncertainties.
CITYINDEX:XAUUSDLong
by BELLATRIXFX
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 (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
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
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