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XAU/USD 28 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 27 June 2024. -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price could potentially be seeking further liquidity to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a series of bullish iBOS' and price has now aligned itself with swing structure Price has reacted from discount zone of 50% EQ. Intraday expectation: Price to target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD (XAU)US inflation eased less than expected in September to 8%, and underlying prices excluding food and energy prices accelerated to a new four decade high Core CPI gained at its highest annual pace in 40 years, rising 0.6% for the month and 6.6% for the year and Fed funds futures are now pricing in 75 bps in December, up from 50. Moreover, terminal rate expectations rose to 4.85% in March. As a consequence, the 10-year Treasury yield rallied to 4.080% while the 2-year yield was up to 4.535%. As measured by the DXY index, the US dollar dropped by 1% to almost 112.14 as risk sentiment returned to markets. At the time of writing, the DXY index is down by some 0.73% having fallen from a high of 113.92 to a low of 112.147 so far Gold close to very important support level 1550-1500 and If it break down then we go back 1450-1400 support zone 1300-1200 is a good buy and long zone , my short position at 1940 is still open Can bears break 1500 support zone?
TVC:GOLDShort
by moonypto
10
Elevated Inflation News Amplify Safe Haven Demand for Gold 🧈Abstract: Recent inflation data from the Federal Reserve has fueled concerns over persistent price pressures. In this environment, gold's inherent value as a haven asset stands to benefit. My open-source Adaptive MFT Extremum Pivots indicator, which can be applied across various markets, reveals support and resistance levels on the gold market. Based on these calculations, the nearest resistance zone lies around $2055, while the mathematical middle of all resistances is estimated to be around $2072. A potential trade setup involves purchasing gold upon breaching the nearest resistance level. Aim for a target price slightly above the resistance level, allowing for potential retracements. Establish a stop-loss order below the recent price consolidation zone. Alternatively, consider purchasing gold upon bouncing from the nearest support level. Aim slightly above the resistance level, again with a stop-loss order below the recent price consolidation zone. --- Dear Esteemed Readers, Fellow Analysts, I. News Catalyst: 1: Higher-Than-Expected Inflation Reading: The recent inflation data from the Federal Reserve suggests persistent inflationary pressures. Implications for Gold: 2: Safe Haven Demand Amplified: Gold's inherent value as a haven asset is further enhanced amidst heightened inflation. 3: Technical Outlook Optimistic: Gold's recent price trend and favorable technical indicators indicate potential upside movement. II. Chart Description: 1: Indicator: I've used my open-source Adaptive MFT Extremum Pivots indicator to autonomously compute the support and resistance levels. I tried to write this indicator, which you find among relevant publications, as general as I could. The gold market is only one of my choices where I deployed this script. You can try it on any of this and any other markets. If you've got feedback, I'd be happy to update what I've got or create a new branch to experiment with your unique approach. You can change the indicator without coding knowledge through the user configuration block like colors and precision (!) per the documentation I wrote. The script is "adaptive" because you'll always get a bit of different data on the same market depending on the moment you use this indicator. But that's good because you can monitor the data velocity between time points with this knowledge. As I mentioned, the script is general and in the following, I'll explain how it helped me to write this particular analytics on the gold market. 2: Data Explanation and Chart Elements: You can find the script's window in the bottom right corner of the chart. As you can see in the center of the table, the Pivot point is about $2044.948. The script computed this data from a monthly timeframe. In the upper half of the window, you find the monthly high ($2075.430), monthly low ($2033.940), weekly high ($2148.990), and weekly low ($2020.135) values on this market. The latter two data came from a weekly timeframe. So, you can consider this analytics to be a Multi-TimeFrame Analytics (MTF or MTFA, see the keywords. S1, S2, and S3 mean three support levels (green lines on the chart) and R1, R2, and R3 mean three resistance levels (red lines on the chart). I named the levels according to their distance from the pivot point. S1/R1 are the closest and S3/R3 are the most distant levels. The actual price is $2033.050. The price's a bit below the pivot point, which could be a bearish signal. In this context, however, I'd call it a retracement because it's above the double support levels of $2020 and $1998. The third support level is around $1971. If you remember my messages from the chat, you know I estimated the support zone around $2000, see the green zone on the chart, which aligns with the mathematical middle level of the support levels. I believe these computations could make a bit of sense because if you look to the left of the chart, you'll see how the price bounced repeatedly from either of these supports or got rejected at either of these resistances. I'd point out the interval between 19 April and 02 May 2023 to observe these price actions. With the price consolidating above all the support levels, I'd estimate an attempt to breach the resistances. The nearest resistance is around $2055 while the mathematical middle of all the resistances is around $2072, see the red zone on the chart. If the positive news persists on the market, I estimate the price could reach as high as $2055 (R1), $2087 (R2), and $2098 (R3). You find all these data with higher precision in the bottom half of the script's window, the bottom right corner of the chart. The dotted arrows depict various price scenarios that gold could follow. The more pronounced the bullish momentum, the less retracement we can expect. In the most optimistic scenario, gold could reach resistance R3 from its current support levels. However, if demand weakens, the price might briefly dip to support S2 or even S3. Still, a breakdown below S3 would be necessary to invalidate the bullish trend. As long as the bullish trend remains intact, resistances R1 and R2 remain attainable targets. Below, I propose some possible positions according to a support/resistance strategy. You can interpret the market in various ways and the sentiment dynamically changes. That's why I made the script adaptive. You can load to your chart any time and see the market dynamics. Furthermore, I'm open to all confirmation, conflicting, extending, or questioning opinions of yours. III. Trade Setup: Entry Point: Consider purchasing gold upon breaching the nearest resistance level. Target Price: Aim slightly above the resistance level, allowing for potential retracement. Stop-Loss: Establish a stop-loss order below the recent price consolidation zone. And: Entry Point: Consider purchasing gold upon bouncing from the nearest support level. Target Price: Aim slightly above the resistance level, allowing for potential retracement. Stop-Loss: Establish a stop-loss order below the recent price consolidation zone. IV. Risk Disclosure: Please note: This is solely a speculative outlook based on current economic developments and does not constitute investment advice. Trading in financial markets carries inherent risks, and past performance is not indicative of future results. Kind regards, Ely
OANDA:XAUUSDLong
by Elysian_Mind
3
Gold Rush with AI: Is a Bullish Trend broken?Dear Esteemed TradingView Members, I n the intricate dance of financial markets, recent analytics hinted at a potential dip in Gold prices towards the next support zone, resting delicately around the current trendline and $1920. In a broader view of gold, the prevailing trend remains steadfastly bullish. The recent descent, therefore, wasn't a harbinger of a bearish trend but rather a retracement within the overarching bullish narrative. Retracements, akin to ripples in a vast river, move against the current without altering its course. I n this light, the bullish trajectory of Gold persists, despite the transient shadow of bearish developments. The true nature of this episode—whether a mere retracement within a bullish trajectory or the inception of a bearish divergence—might unveil itself by the first quarter of 2024. For those inclined towards the former, signs may include ascending RSI values, dwindling volume bars, and price actions hovering modestly above the demand zone. H owever, should this unfold as a pivot towards a bearish trajectory, anticipate a descent where RSI mirrors the fall in price, breaching the demand zone, and volume maintains its pressure at a consistent or escalating level? While my inclination leans towards the bullish scenario, it's imperative to remain vigilant of the alternate narrative. N avigating the dynamic terrain of financial markets involves intuition and a judicious blend of analytical prowess and cutting-edge tools. In my recent analysis, I utilized Gradient Boosting Machines (GBMs) to sculpt the contours of my demand zone, adding a layer of sophistication to the predictive landscape. So, what are GBMs? G radient Boosting Machines stand as a formidable force in machine learning. A distinguished member of the ensemble learning family, GBMs artfully weave together multiple decision trees, harmonizing their collective insights to refine predictions. While their computational prowess is undeniable, it's worth noting that GBMs tread on the more resource-intensive side, making them a powerful yet demanding ally in the quest for accuracy. A dvantages of GBMs include the capacity to attain high accuracy levels and tackle intricately woven datasets with finesse. However, this prowess comes at a cost—GBMs can be computationally demanding during the training phase and exhibit sensitivity to the choice of hyperparameters. I n tandem with GBMs, my analysis delves into the nuanced language of financial indicators, such as the Relative Strength Index (RSI) and volume. RSI, a stalwart in technical analytics, gauges the magnitude of recent price changes, offering insights into the overbought or oversold nature of an asset. Volume is the heartbeat of market movements, signaling the intensity and sustainability of price shifts. T ogether, these tools form a symphony of insights, guiding us through the intricate dance of market dynamics. As always, this isn't investment advice but a shared exploration of market intricacies. Your funds are your responsibility, and understanding the tools at your disposal empowers you in this journey. It isn't investment advice but a nudge to delve into your research. Your funds are your responsibility—handle them with care. Embrace risk-management strategies, explore available safety nets, and prioritize the preservation of funds over fleeting gains. Warm regards, Ely
TVC:GOLDLong
by Elysian_Mind
2
XAUUSD(GOLD): 28/09/2023: More fall for GOLD? Well, as you can see the price had a strong bearish movement according to my previous TA, and now there is a strong demand zone in front of the price that is a weekly bullish order block. This order block can push the price up for a short term but till the price is under a bearish order block I am on a sell side of the market. 💡Wait for the update! 🗓28/09/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
OANDA:XAUUSDShort
by VahidTradingCR
1
XAUUSD (Gold): 19/09/2023: 🔴Important sell zone🔴 As you can see price started an upward move after collecting the liquidity below 1903 and there was a liquidity pool above 1930 that was collected. Now price touches the important supply zone that can push price down. In this zone with a lower time frame confirmation, we can enter short and expect the price to go down at least till FVG. 💡Wait for the update! 🗓19/09/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
FX:XAUUSDShort
by VahidTradingCR
1
GOLD (XAUUSD): Channel boundary test before the up?Gold, this is what I'm thinking for this week and longer term: On the LTF (4HR) I think we'll fall at the start of the week due to: DXY strength Reducing momentum (MACD) Rejection at 1963.5 Localised LHLL's EMA7 and EMA20 crossing below EMA50 If I see a suitable entry around the current level then I'll be in, looking for a first TP around 1940 and then on to the channel around 1931. This rising parallel channel border is major support, that 'should' carry Gold back to the ATH region of 2075. We've hit the ATH region 3 times: August 2020 - Pandemic March 2022 - War May 2023 - USD softening The current impulse move (from Nov 2022) is looking strong with solid monthly bull candles, limited (comparatively) rejection from 2067 (May 2022), so we 'may' well get a new ATH soon - my theory being 3 failed attempts to break 2075 makes the fourth more likely to do it, especially with the frequency between attempts increasing: August 2020 - March 2022 - 18 months March 2022 - May 2023 - 13 months May 2023 - > 7 months ?? (looking at my charts if it's going to happen it will be by November 2023) If this is going to happen, I think we need to see some push down onto the ascending channel boundary to create momentum; things are getting very squeezed in the upper corner of this triangle now, a lot of upward pressure. Fundamentally there's loads of reasons for gold to be strong: Interest rates set to fall USD / DXY unlikely to see highs of last year based on my other analysis India and China hold value in Gold Likelihood of other global disasters, war, global-warming etc Really interested to hear your opinion on this too, what do you think?
OANDA:XAUUSDShort
by Finchcliffe
2
GOLD/USD TO SELL OR TO BUY, THAT IS WHAT MATTERS.Gold USD chart seems to go on its bearish trend since it reached its peak level 2081. The falling trend is so strong that it broke out the bullish rising parallel channel ans tested 1894 level by breaking 1915 support level. If price can’t hold above 1915 level we might see 1880-85 level. If it holds above 1915 level then we will wait for a break in falling trend around 1923-25 levels (it will go down each day) and after that level we might expect the price to test rising channel lower band resistance level around 1937-40. We should not folllow the prices whether they go up or down, we should interpret those actions as what would we do whether the price goes up or down. Market has two ways. We should not sail against the wind, we should sail with the wind.
FOREXCOM:XAUUSD
by GurkanSerkan
Joe G2H - Selling Gold, huge reversal on the dailyTrade Idea: Selling Gold Reasoning: Major reversal on the daily. Entry Level: 2034 Take Profit Level: 2003.75 Stop Loss: 2048 Risk/Reward: 2.1/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:XAUUSDShort
by Signal_Centre
Gold set to break resistance; $4878 possible this year? Gold is currently approaching its next Fibonacci resistance level of $2096. Once this level is convincingly broken, the next resistance levels will be $2272 and $2463. According to my Elliott wave analysis, gold has started its third impulsive wave, which is part of a higher degree third impulsive wave. These impulsive waves are typically the most explosive and long-lasting. Therefore, we can expect an exciting spectacle in the coming months. I do not rule out a short-term price target of $4878 within a year, as this price target is based on the 1.618 Fibonacci extension of the impulse wave 1 (Dec '15 - Aug '20). Lastly, the monthly chart shows a MACD crossover, which supports my bullish expectations. This typically indicates that the price of gold is expected to continue its upward trend.
TVC:GOLDLong
by joerivdpol
When the Dollar fall each time, Gold increases a few foldsMany got distracted when Gold was trading in a range the last few years. A question for you to ponder over: Will there be a situation where interest rates continue to rise and yet a lower Dollar? Why? Let me hear thoughts, I would love to exchange ideas with you. Included last two videos link below, I explained: i) Gold is still an inflation hedge ii) Gold it is also a currency hedge CME Micro Gold Futures Minimum fluctuation 0.1 = $1 1 = $10 10 = $100 100 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
ICEUS:DX1!Long
by konhow
XAUUSD (Gold) Daily:13/02/2023: It looks like a sell opportunity As you can see, we expect the price to rise from here until our low time frame supply zone and then fall. For that, we need confirmation. We can define targets as follow: 1848 1826 1815.6 💥Important note: If the low time frame supply zone (you can find it on the chart) will not confirm, we expect the price to rise and fill the fair value gap of 1918.54- 1920.47.💥 💡Wait for the update! 🗓️13/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
VANTAGE:XAUUSDShort
by VahidTradingCR
1