The Gold Market is consolidating between the pricesXAUUSD Seems to be consolidationg between the prices, risky choppy market for long investors but, looking at the way, the price has failed severally to break the above resistance area, It might need a heavier false bias dip to sweep the consolidation liquidity in order to be able to break the higher highs.
Goldlong
gold outlook🟠 Gold Spot (XAU/USD) Analysis: Key Levels & Potential Movements
The 4-hour chart for Gold Spot (XAU/USD) provides a comprehensive look at the market's behavior over the past few weeks.
- 4H Upward Trendline: This trendline has been respected multiple times, with at least four price touches, indicating its significance in the market. However, keep in mind that even strong trendlines can break.
- Sideways Market (20th Aug - 30th Aug): After a strong upward move, the market entered a consolidation phase, trading sideways within a defined range. This often indicates indecision, as buyers and sellers struggle for control.
- Break of the Sideways Market (30th Aug): On the 30th of August, we saw a significant break below the sideways range, suggesting that the bears might be gaining control.
Potential Movements:
- Upward: If the market manages to recover above the broken trendline and retests the upper levels, this could signal a continuation of the previous upward trend.
- Downward: Conversely, a failure to reclaim the trendline, coupled with continued selling pressure, might confirm a bearish movement, with the possibility of further decline.
Remember, anything can happen in the market. It's crucial to wait for clear confirmations before entering a trade. Stay alert and be ready to adapt to the next move!
gold sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
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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.
Gold Buying opportunity As i said previously in my previous anylisis gold has made a beautiful rally downards and will fly over again from its physiological H4 to H1 support level at 2500 and gold also did that it rejected the level and now will move upwards to its immediate resistance level of 2519 and if price breaks above 2519 level it will shoot for 2530 physiological level then it could go for 2550 physiological level so we are bullish this week on gold 🪙
NEW IDEA FOR GOLD Gold fell after strengthening prospects of a soft economic landing
Examining the trend in the four-hour time frame, gold has broken the triangle pattern to the bottom, and now, according to the decrease in the averages of the ALIIGATOR indicator, there is a possibility of a price decrease towards the 161.8% Fibo support at $2471.
Gold is in the bullish direction after correcting the support Hello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold is in the Buy Direction after Using the Support LevelHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold ideaAs we have seen gold has made a rally downards and meet us with great profits as we have entered on a confirmation on 2519 price on bearish side and got a profit on 2500 level of price the price can hover around this level of support and can eventually go higher to its price level of 2530 and higher than that if price breaks above 2530 and sustains price can go over 2550 of physiological Resistance level so we are watching price closely and keenly so that we can make profits
GOLD - Big Move Pending...Gold is trading at KEY AREAS.
It is currently in a key RESISTANCE box/level with an ascending trend line supporting the bottom of the candles, which helps to present LONG opportunities.
For LONG opportunities i'd like to see XAUUSD break the key RESISTANCE LEVEL, or bounce on the ascending trend line where it would then look to retest the resistance zone.
For SHORTS i'm looking to see a strong large VOLUME rejection off the RESISTANCE zone, then a BREAK OF TREND LINE.
Will Gold Prices Bounce Or Slide?The gold market is currently experiencing high volatility, making it essential to exercise caution. Key levels to watch:
- Break above 2523: Potential buying opportunity
- Break below 2518: Potential selling opportunity
Traders are advised to closely monitor these levels and adjust their strategies accordingly. Stop-losses (SLs) are recommended to mitigate risk.
Stay vigilant and adapt to market changes to capitalize on potential trading opportunities.