Unlocking Opportunity on Gold (XAU/USD)💰1. **Trading Opportunity Alert**:
- Gold's at the **2185 resistance**—a fortress guarded by dragons. 🐉
- But wait! A break and retest? That's like a secret passage opening up. 🗝️
- Traders, grab your maps and compasses! 🗺️
2. **Geopolitical Scenarios and Gold**:
- Geopolitics? It's like gold's secret rendezvous with drama. 🌎
- When tensions rise (cue dramatic music), gold slips into its superhero cape. 🦸♂️
3. **Fed Rate Cuts and Gold Prices**:
- The **Federal Reserve (Fed)** wields its interest rate wand, and gold dances to its tune! 🪄
- When the Fed lowers rates, gold's allure sparkles brighter. Why? Because other assets suddenly seem less dazzling. 💫
- Imagine gold as a glamorous celebrity at a party. When rates drop, it's like the paparazzi swarming around, snapping pics. 📸
- **Conflict Mode**: Israel-Palestine, Russia-Ukraine—these plot twists send gold soaring. 🚀
- Picture gold as James Bond: cool, collected, and ready for action. 🕶️
Remember, in the financial saga, gold's the mysterious protagonist. Keep an eye on those plot twists! 😉📈🌟
Disclaimer: This is not financial advice, must make their own decisions.
Goldlongsetup
Unlocking Golden Opportunities💰1. **Trading Opportunity Alert**:
- Gold's at the **2185 resistance**—a fortress guarded by dragons. 🐉
- But wait! A break and retest? That's like a secret passage opening up. 🗝️
- Traders, grab your maps and compasses! 🗺️
2. **Geopolitical Scenarios and Gold**:
- Geopolitics? It's like gold's secret rendezvous with drama. 🌎
- When tensions rise (cue dramatic music), gold slips into its superhero cape. 🦸♂️
3. **Fed Rate Cuts and Gold Prices**:
- The **Federal Reserve (Fed)** wields its interest rate wand, and gold dances to its tune! 🪄
- When the Fed lowers rates, gold's allure sparkles brighter. Why? Because other assets suddenly seem less dazzling. 💫
- Imagine gold as a glamorous celebrity at a party. When rates drop, it's like the paparazzi swarming around, snapping pics. 📸
- **Conflict Mode**: Israel-Palestine, Russia-Ukraine—these plot twists send gold soaring. 🚀
- Picture gold as James Bond: cool, collected, and ready for action. 🕶️
Remember, in the financial saga, gold's the mysterious protagonist. Keep an eye on those plot twists! 😉📈🌟
Disclaimer: This is not financial advice, must make their own decisions.
XAU/USD Longs back up towards 2185.000 or 2200.000Gold continues to exhibit bullish behavior this week, building on the momentum from last week's significant news event that propelled it to new all-time highs. With price maintaining its bullish stance, this aligns with the broader long-term bullish outlook for gold.
Buy positions have already been initiated, with an eye on the price reaching the 2185 level. At this point, we anticipate a potential retracement or a further upward move to address the imbalance above and potentially touch 2200, where a stronger supply level awaits. However, considering the presence of an Asian high above, there's a possibility of that 4hr failing. Nonetheless, I'll be awaiting confirmation on lower timeframes before taking action.
Confluences for Gold Buys are as follows:
- Price has taken ATHs and has also take break structure to the upside.
- Price has been very bullish in terms of the candle stick anatomy.
- Price has reacted off a strong demand zone that has caused this initial rally to take place.
- Wyckoff distribution has occurred on lower time frame as well.
- Imbalances and asian highs above that need to get taken.
P.S. As price dynamics shift to the downside, the current movement might be temporary. Sellers could gain favor, leading to a potential drop to lower levels.
Have a great trading week guys!
Gold god strikes again. Let's take a moment to review this flawless execution AGAIN!!!.
We identified the bullish flag pattern prior to reaching all-time highs, offering an ideal entry point.
Yesterday's push following the Fed meeting was just what we needed. Currently, gold's all-time high stands at 2220. Today, we witnessed a retracement to the key support level we anticipated yesterday, hitting 2167 as predicted. With a clean break of 2185, our next resistance target is 2200. Gold's journey is far from over; 2220, we'll be seeing you soon.
Gold execution As mentioned earlier this week, gold entered a flag formation in anticipation of today's Fed news, poised for potential upward movement. Today, we observed a bullish surge from 2150 around 12:30, gaining 100 pips before stabilizing in anticipation of further updates. With the flag pattern broken and a strong bullish sentiment, a retracement back to 2176 followed by a retest and subsequent rise to new highs is likely. This reaffirms our belief that the journey with gold is far from over. Hopefully, everyone capitalized on these opportunities and made some gains.
Out look on gold. Gold prices surged in the latest week's trading, driven by a weakening US dollar index and declining US bond yields. Analyzing the 4-hour timeframe reveals a flag pattern formation, reminiscent of one identified in Bitcoin on March 3rd prior to its all-time highs. Currently, gold is consolidating between 2174 and 2153, presenting an opportunity for a breakout in either direction. However, there's a long-term bullish outlook on gold, with a personal inclination towards buying around 2152, targeting the flag trendline and underlying support. The initial take profit (TP) is set at 2174, with the necessity for a sustained break and stability above this level to indicate further upward momentum. Given the flag pattern's characteristics, it's speculated that gold's peak has yet to be reached.
GOLD primed to move higher!Gold has tried four times to push through the top of the channel.
At the same time, the dollar has broken down and is likely to test the bottom of its channel.
The dollar fall should give gold, the strength that needs to test the top of its channel again, and if it closes on the daily above the channel, then look for a big move higher.
It will then retest the top of the channel for support, and if that holds it will move higher.
TVC:DXY COMEX:GC1!
XAUUSD:26/2 Today’s analysis and strategygold technical aspect
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, support below 2030-15
Gold operation suggestions:
From the daily analysis, we are currently focusing on 2037-40 suppression at the top and support at 2030-15 at the bottom. If there is no stimulus from bullish news, gold may surge higher and then fall back.
SELL:near 2041
SELL:near 2015
BUY:near 2000
Gold Price After BREAKING $2030 Gold Price Analysis for the Week of 26/2 - 1/3/2024
• Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news.
• The XAU/USD is currently trading at $2,038, showing a 0.70% increase.
• Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it.
• Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.
GOLD I Daily outlook and forecast I Stay patient for best levelsWelcome back! Let me know your thoughts in the comments!
** GOLD Analysis - Listen to video!
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Gold Trading Plan - 16/Feb/2024Hello Traders,
Hope you all are doing good!!
I expect Gold to go Up from here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
XAUUSD: 12/2 Today Analysis and StrategyGold technical chart, daily pressure 2040-2053, support below 2020-2000
Four-hour pressure 2034-40, support below 2029-2020
One-hour pressure is 2034, support below is 2020
Operational suggestions: Judging from the daily analysis, the short-term pressure at the top today will focus on around 2035-40, and the bottom will further test the strength of the support near 2020.
SELL:near 2040
SELL:near 2020
BUY:near 2010
BUY:near 2000
#XAU: Symmetrical triangle breakout 🚨XAU, the symbol for gold, has broken down from a symmetrical triangle pattern after being within it for 91 days. From a technical standpoint, we can anticipate a 10% decrease in gold's price based on this pattern.
After successfully retesting the pattern, we can expect the first drop to target the initial level of support, which is around 1987.
Stay tuned for further updates.
XAUUSD: 8/2 Today’s Analysis and StrategyGold technical chart, 1-Day pressure 2040-2053, lower support 2020-2000
4H pressure 2034-2040, lower support 2029-2020
1H pressure 2034, lower support 2028
✅Operational suggestions: Gold continues to maintain range fluctuations. Today, the top price continues to sell around 2042. The short-term support below focuses on around 2028-30. The bottom focus range is around 2015-10. Try to go long with light positions.
SELL:near 2040
SELL:near 2020
BUY:near 2010
BUY:near 2000
Technical analysis only provides trading direction!
Gold Key Position 2036!The golden bear directly killed 2016 yesterday, the non-agricultural data before gold stopped to 2063, this trend makes many investors confused, we do not care about the impact of the data, look at the daily shape of gold and weekly data, in fact, it is still a big short, so we must insist on continuing to look for empty opportunities, the big cycle shows that this wave briefly fell below 2000 just around the corner At the same time, short-term repetition and impact are inevitable, it is impossible to fall directly, and it needs to be repaired, and falling is the main theme
White disc we are directly concerned about the suppression of 2036, this position is the new pressure of the form, but also the first wave of short-term stabilization rebound pressure, another stronger is 2044-2050, if gold again accidentally stand on 2050, then we need to rethink whether it is a new bull or a new big shock, It will also kill the momentum of the previous bears
Support 2016,2000, pressure 2036, strong and weak water dividing line of disk surface 2036.
Gold is now near 2036 so how should we trade it?
GOLD breakout buy setupGold has been on a steep rise for the last weeks and I believe it is ready to break out the big resistance zone that is has been holding on to for a while now. I will be looking for a retest of this big zone and only then I will be looking for buy entries.
Let me know what you think!
Monday: Gold operates in the range of 2050~2080Gold is now supported by its decline, and there is demand for a rebound. The Asian market rose by $14! From the trend point of view, gold is now undergoing a shock adjustment trend after a sharp rise. It is expected to maintain a shock within the range of 2050-2080. The direction will be chosen after the shock is over! The current operation is to sell high and buy low!
Gold's decline has now found support at the 2055 line. The upper pressure is the hourly upper rail and the rebound pressure at 2073. The upper level is suppressed by 2081. It is expected that it will test the 2050 line again after encountering resistance!
Latest analysis of US market, 2070/2064 supportOn Thursday (December 28), the market insisted that the Federal Reserve would not relax its expectations of a faster interest rate cut. The U.S. dollar and U.S. bond yields were further put under pressure. Gold rebounded and once touched $2,088, approaching the 2,100 mark. Gold prices climbed to more than three-week highs on Thursday as the dollar and U.S. Treasury yields hit multi-month lows as bets grew that the Federal Reserve would begin cutting interest rates as early as March next year.
Technical aspect: On the daily line, the market volatility on the previous trading day was relatively small, and the small positive line closed, indicating that the short-term gold price is relatively strong. In terms of indicators, the market is still running above the 20-day moving average, and bulls still have the upper hand.
The market outlook will focus on the first-line pressure of $2,088 at the top, and the first-line support at $2070/2064 at the bottom.
XAUUSD: 26/12 Today’s Analysis and StrategyGold technical chart daily pressure is 2066-2072, with support below 2040
Four-hour pressure is 2066, support below is 2040
One-hour pressure 2066-2072, support below 2055
✅Suggestion: Gold rises again at the opening today. Today, focus on the support of 2055 below and the resistance of 2066 above. If gold does not break through the range, it will enter a small range consolidation.
GOLD TECHNICAL ANALYSIS Gold Since October 6 2023 , the bulls have being in control of the price and even now the bulls seem to be still in control of the price. The big question that traders should ask themselves me included is that, is gold going to trade above the high it created on December 04 2023 which is around 2145.00 , now we are trading exactly where gold closed on the 4th of December around 2071.00 level very interesting to watch Gold.
XAUUSD: 20/12 Today’s Market Analysis and RecommendationsGold technical chart daily pressure is 2040-2072, with support below 2000
The upper pressure in the four hours is 2042-2066, and the lower support is 2015-2000.
One-hour pressure is 2045, support below is 2015-2000
Operational advice: Gold continued to fluctuate in a wide range yesterday. The daily line 2040 was supported before. It is obvious that yesterday's closing price closed at the pressure line. Today we will follow the trend and go long after the trend falls, and see if we can break through 2066 above.
BUY: around 2040
BUY: around 2028
SELL: around 2066
You don’t have to follow the analysis point trading I mentioned. Just know what price range and which direction to take.
GOLD Bullish unchanged, buy on pullbackMarket analysis:
Gold continued to rise yesterday, reaching the highest level of 2033. Now that gold is rising, you can take advantage of the pullback opportunity to BUY!
Gold has already turned to an upward trend after the Federal Reserve's interest rate decision, and now it is only fluctuating in the area of intensive trading pressure in the early stage! The upward trend has not changed. The current effective support line is at the 2018 position. You can rely on this support line to buy bullishly today.
The upper pressure is yesterday’s high of 2033 and the previous high of around 2045!
The specific strategies are as follows:
Gold 2023-2025BUY, stop loss 2015, target 1: 2033, target 2: 2045