GOLD FORCASTThe current analysis indicates a bearish trend for XAUUSD. A retest of 2355 is expected. If it fails to hold above this level, the price is projected to decline first to 2328 and, if it stabilizes below 2328, continue to 2306. Alternatively, if it stabilizes above 2355, a bullish trend towards 2397 is anticipated. Additionally, the market is expected to be very volatile due to upcoming NFP and Unemployment news.
Key Levels:
Bullish Lines: 2355, 2397, 2412
Bearish Lines: 2328, 2306, 2281
Goldforecast
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD (XAUUSD): Important Key Levels 🥇
Gold dropped suddenly today after FOMC.
Here is my latest structure analysis and important key levels to watch.
Vertical Structures
Vertical Support 1: Falling trend line
Vertical Support 2: Falling trend line
Horizontal Structures
Resistance 1: 2426 - 2450 area
Support 1: 2360 - 2376 area
Support 2: 2323 - 2336 area
Support 3: 2303 - 2308 area
Support 4: 2265 - 2285 area
Consider these structures for pullback/breakout trading.
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GOLD (GCM2024, XAUUSD)... BULLISH BIAS!Bias is Bullish.
Price is moving up with convincing
momentum. Respecting bullish PD
Arrays, disrespecting bearish ones.
No signs of reversal. The intent to
reach the DOL/Swing High seems
clear.
The expectation is for Gold to make
further gains. A potential pullback
to 2400 area would make sense as a
zone to buy from, as buying from the
top is not recommended.
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Xauusd Jumps Big Into Buy ZoneOANDA:XAUUSD
Gold traded higher early on Friday despite gains for the dollar and yields, as the precious metal continues to look to retest the US$2,400 mark it last touched a month ago and has failed to top since.
Gold for June delivery was last seen up US$11.00 to US$2,396.50 per ounce.
The precious metal has firmed below the U$2,400 mark since touching a record close of US$2,413.80 on April 19 as the outlook for the potential stimulus of US interest-rate cuts waxes and wanes on economic data and comments from Federal Reserve governors.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD EXTENDED RETRACEMENT - NEW LAUNCHPADLooking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm.
I am waiting for a retest of the resistance around the $2400 price.
I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries.
First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven.
Full take profit at $2072.50.
Once the final take profit level has been hit, I will be looking for buy positions to continue moving higher. This will be the my new launchpad for Gold.
Let me know your thoughts, are you looking for buys or sells?
Oh My Gold!- Everything is in graph.
- maybe Gold will start a new rise after BTC Halving.
" In a bearish market, investors typically prefer to buy gold, and at times of high inflation and market volatility, gold is considered by many as a 'safe haven' asset. "
- This was the definition of a safe heaven i found in Google, but this have no more sense in 2022..
- if you bought GOLD in 2011 ATH and sold in 2022, you would have made somehow zero benefits or lose your money because of lack of patience.
- How much money you would have made buying Bitcoin in 2018 ? ( no need to push the date to 2011..)
if you really want to know what is happening now, it's really simple and logic :
- The New Generation is impatient, they buy BTC and Cryptos, they take risks.
- They make much more money and faster money than buying a corrupted metal controlled by Governments ( Thanks to Nixon's Team in 1971 ).
- When Cryptos Bull runs burst to new ATH, smart peoples drop Cryptos to buy Gold, Rolex, Graphic Cards, and Lambos or RS7 ( a joke for my friend Baba )
- in a worst case of world war, it's much more simple to have a Ledger in the pocket than move with 50 Kgs of Gold in a bag.
- The New Money is in the Blockchain.
Happy Tr4Ding !
GOLD MORE BULLISH MOVE IN THIS YEAR 2024!!HELLO TRADERS..
As i can see gold has break strong resistance level which is now turn in to a support zone and also tested 61.8 Golden Fibo level on Monthly TF we can see fundamentally issue around the world is signing to investors and big boys are moving to safe haven so load ur bags for this new bull run friends its just and trade idea do a proper analysis before taking any trade and kindly share ur thoughts on Gold with us in comments so it will help us all Traders For more updates Stay Tuned ....