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GOLD ( CREATED A NEW HISTORICAL PEAK ) ( STRONG RISING ) ( 4H ) XAUUSD HELLO TRADERS Tendency , the price is under strong bullish pressure ,after breakout 2,440$ TURNING LEVEL : the price of turning level between 2,475$ and 2,468$ , indicates the price breaking 2,475$ reach a new resistance level or created a new historical peaks , but if breaking 2,468$ reach a support level . RESISTANCE LEVEL : in the last chart price reach a full resistance level , know this level at 2,491$ , and 2,510$ , for reach this level after breaking 2,475$ . SUPPORT LEVEL : support level at 2,440$ in previously this level is a resistance level but after breaking know worked a strong support level , for reach this level after breaking 2,468$ . PRICE MOVEMENT : the price is sensitive area , yesterday price have strong rising an breakout a supply zone reach a full target , created a new historical peaks , price breaking 2,475$ rising or reach a new resistance level at 2,491$ , then reach a 2,510$ , after breaking 2,468$ reach a support level at 2,440$ it is a strong support level , breaking this level the price started a downward . TARGET LEVEL RESISTANCE LEVEL : 2,491$ , 2,510$ . SUPPORT LEVEL ; 2,440$ , 2,425$ .
OANDA:XAUUSD
by ArinaKarayi
75: Record Gold Prices What’s Driving the Surge and What’s Next?The price of gold has recently surged to a new all-time high, driven by the anticipation of interest rate cuts by the U.S. Federal Reserve. Gold traders are predicting that the Federal Reserve will implement two rate cuts this year, which is boosting the appeal of gold as a safe-haven asset. Historically, when interest rates are low, gold prices rise due to the decreased opportunity cost of holding non-yielding assets. Additionally, ongoing geopolitical uncertainties and economic instability are further supporting the demand for gold. Central banks around the world, including China, have been significantly increasing their gold reserves, contributing to the rising prices. This accumulation of gold by central banks indicates confidence in gold's enduring value, which in turn encourages other investors to follow suit. As the Federal Reserve aims to stimulate the economy through lower interest rates, the weakening U.S. dollar makes gold more attractive to foreign investors, further pushing its price upwards. New high reached $2482.35 - what are the expectations? Bullish Scenario: At the moment, a new high has been reached with substantial buying pressure. The buying pressure is evident with the almost straight line up. Given this scenario, the risk of shorting is high. However, when new highs are reached, it's prudent to hedge long positions. You might consider shorting on a lower time frame, targeting $2420.61. The support level around $2420.61 is clearly identifiable. We could see a retest of this level, presenting an opportunity to initiate new long positions. There is also a possibility that prices will continue to rise. If buying pressure continues, we could see new highs beyond $2482.35, pushing the gold price even further. Bearish Scenario: If we lose the support level at $2420.61, it becomes apparent that we should look for short positions and new local lows. In this case, the decline could indicate a reversal in the current bullish trend. The break below this support could lead to a further drop in prices, potentially targeting lower support levels. Traders should watch for signs of weakening momentum and be prepared to shift strategies if the market sentiment turns bearish.
TVC:GOLD
by SeventyFive-Invest
1
Gold analysis new week☘️Fundamental analysis Gold prices rose to the 2410 zone on Friday after hitting an intraday low of $2,391. The yellow metal will extend gains for a third straight week on speculation that the Federal Reserve (Fed) could begin an easing cycle in September. The US Bureau of Labor Statistics on Friday revealed that the Producer Price Index (PPI) increased slightly in June, above analysts' estimates. As a result, US Treasury yields are falling, a boost for the non-yielding metal, which benefits from low yields. Meanwhile, Fed officials remain cautious about changes in monetary policy. Fed President St. Louis Alberto Musalem stated that current interest rates are appropriate for current conditions and expects the economy to grow between 1.5% and 2% this year. US Dollar Index (DXY), according to The US dollar tracked against six other currencies, which fell more than 0.40% to 104.09. ☘️Technical analysis Gold prices consolidate above $2,400 for the second day in a row after decisively breaking the Head-and-Shoulders neckline. Momentum favors the buyers, despite being depicted by a flat Relative Strength Index (RSI). That being said, the path of least resistance is up. The first level of resistance for XAU/USD will be the yearly high of $2,450, ahead of the $2,500 round mark. Conversely, if Gold slips below $2,400 there will be many support levels to push the gold price back to its orbit. Two notable levels coincide with the two EMA lines at 2390 and 2365. Deeper is the 2340 most important Break Out zone that we pay attention to for gold to maintain its long-term uptrend. Support: 2390-2365-2351-2340 Resistance: 2424-2433-2450
OANDA:XAUUSD
by TVS-Trader
Gold approaches all-time peak☘️Fundamental analysis Gold prices rose sharply for the second day in a row, reflecting positive moves over the previous six days - and surpassed $2,440 in early European trading. The prevailing risk environment is helping to limit gains in this safe-haven commodity. The short-term bias appears to favor bullish traders amid growing acceptance that the Federal Reserve (Fed) will begin cutting interest rates in September. overnight comments from the Chairman Fed Jerome Powell, kept US Treasury yields low and confirmed a positive outlook for the non-yielding yellow metal. Traders are now looking towards the release of the US Monthly Retail Sales data for fresh impetus. ☘️Technical analysis The large-frame chart oscillators remain in positive territory and remain far from overbought territory, suggesting that the path of least resistance for Gold prices is to the upside. Therefore, further strength towards challenging the all-time high, around the $2,450 region, seems a clear possibility. Some follow-through buying should be seen as a fresh trigger for bullish traders and pave the way for an extension of the recent uptrend witnessed over the past three weeks or so. On the other hand, a drop below the 1,618 fibonacci around the $2,430 zone could now be considered a prerequisite for a return to the 2,400 lows. Although this is not an easy thing to do in the current market climate. If this happens, it is considered a great opportunity for investors who missed this price range at the beginning of the week to recapture a long-term BUY signal. Support: 2430 - 2413 - 2401 - 2392 Resistance: 2449 - 2470 - 2500 SELL price range 2449 - 2451 stoploss 2455 BUY price range 2392 - 2390 stoploss 2386
OANDA:XAUUSD
by TVS-Trader
GOLD ( SENSITIVE AREA ) ( 4H )GOLD HELLO TRADERS Tendency the breakout channel , indicates under bullish pressure , as long as trade above turning level trying to create new historical peaks TURNING LEVEL : around 2,420$ , if the price trade above this level reach a resistance level , breaking reach a support level . RESISTANCE LEVEL : as long as the price trade above turning level at 2,420$ , reach a resistance level at 2,450 $ , then breaking this level reach a 2,457 . SUPPORT LEVEL : if the price breaking turning level reach a support level at 2,391$ , then breaking this level reach 2,365 $ PRICE MOVEMENT : in my opinion , price directly to reach a 2,450$ , then breaking this level reach a new resistance level at 2,457$ , if the price trade below 2,450$ reach a turning level at 2,420$ , , breaking this level reach a support level at 2,391$ , my goal 2,350$ TARGET LEVEL : RESISTANCE LEVEL : 2,450$ , 2,457 $ SUPPORT LEVEL ; 2,391 , 2,365 $
OANDA:XAUUSDLong
by ArinaKarayi
Gold will be bought again to make money. Remember, I said it. From the trend point of view, the gold price is still upward. Since last Wednesday, ADP, initial jobless claims, and non-farm data. Multiple US economic data news are good for gold. So gold rose sharply last week to above 2390. Here I congratulate the traders who follow the signal and continue to trade. Because you follow it. So you deserve to make a profit. Judging from the news this week, gold has further possibilities. This week is the second week of July, so before the time for the interest rate cut in September comes, I think the market will prompt gold to digest it in advance. This is the first reason. The second point is that geopolitical conflicts continue to escalate. The possibility of war will continue to increase the price of gold. Under the influence of these two news, it is only a matter of time for gold to rise. The operation is still mainly buying low. At present, the focus is on buying at 2372. Aggressive friends can also buy small positions around 2377-2375. Enter the market in advance. Many people like to refer to technical indicators, so I have something to say to those people: in the face of the influence of dominant news. Technical indicators, which are lagging references, are of little significance. Keep paying attention. I hope everyone makes a good profit.
TVC:GOLDLong
by NelsonPenn
GOLD ( STABILIZING ABOVE FVG) ( 4H )HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : the price between 2,395 $ and 2,383 $ and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level . PRICE MOVEMENT : the price in previously can be breakout resistance level at 2,365$ , after stabilizing this level rising to 2,392$ , trying to retest at 2,350$ , after again rising to 2,424$ , know currently price at 2,412$ , my goal resistance level at 2,425 $ . PRICE ACTION : LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 2,425$ , second case price corrective a turning level inside FVG between 2,395$ and 2,383$ before rising . SHORT CONDITION : if the price breaking FVG at 2,383$ by open 4h candle below this level reach a support level at 2,364$ , then stabilizing below this level reach a 2,337$ . TARGET LEVEL : LONG CONDITION / RESISTANCE LEVEL :2,425$ , 2,440$ SHORT CONDITION / SUPPORT LEVEL : 2,365$ , 2,337$
OANDA:XAUUSDLong
by ArinaKarayi
XAU/USD 15 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has reacted from daily supply zone which could potentially initiate the bearish pullback phase following bullish iBOS. Bearish CHoCH positioning, which is denoted with a blue dotted line, is quite a distance away from price, therefore, for a better indication that pullback phase has initiated I would like to see price print a bearish CHoCH. Intraday expectation: Both swing and internal structures are bullish. We currently do not have any indication or confirmation of bearish pullback phase initiation. I would therefore stand aside and allow price to print a bearish CHoCH. Current CHoCH positioning is denoted with a blue dotted line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, following bullish iBOS last week, technically price should have targeted weak internal high as price was in the discount zone of 50% EQ with internal structure being bullish and that we should be mindful that H4 remains in bearish pullback phase, therefore, I would not have be surprised if price printed a bearish iBOS. Price printed a bearish iBOS, therefore, the previous intraday expectation was correct. Following bearish iBOS price printed a bullish CHoCH which indicates bearish pullback phase initiation. Intraday expectation: Price reacted at premium of 50% EQ but could not target weak internal low. Price could potentially seek more liquidity by trading up to M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD ( 07/12) The rebound follows a return above the 2400 levelFundamental analysis Gold price increased to 2,424-2,425, the highest level in two months. In response to another dovish US inflation report, the report boosted expectations that the Federal Reserve (Fed) will cut interest rates in September. Gold prices, for now, look to have broken a three-day winning streak, although any meaningful downside correction still looks elusive following growing expectations that the Fed will begin a tapering cycle. interest rate earlier than expected. Additionally, geopolitical risks, political instability in the United States and Europe, along with fears of a global economic slowdown, will continue to act as drivers for XAU/USD. Traders are now looking forward to the release of the US Producer Price Index (PPI) and the Consumer Sentiment survey. Technical analysis The continuous overnight breakthrough past the $2,400 mark is considered a new motivation for gold to return to a strong uptrend. RSI is also showing signs of exiting the oversold zone in the h1 and h4 frames, this also shows that the price increase is being corrected. This is absolutely a necessary recovery for a sustainable uptrend. Gold's recovery extended to a break out of 2393 and a deeper half of 2368 which is the strongest support zone to maintain the uptrend. The overnight high, around $2,425 now appears to be acting as an immediate barrier, above which Gold prices are likely to return to challenge the all-time high, around $2,450. Support: 2400- 2392-2380-2368 Resistance: 2425-2433-2449 SELL price range 2438 - 2440 stoploss 2446 BUY price range 2395 - 2393 stoploss 2389 BUY price range 2382 - 2380 stoploss 2376
OANDA:XAUUSD
by TVS-Trader
gold on multitime frame Hello traders, It's my opinion on GOLD based on the high timeframe analysis. According to my analysis, I have identified two zones: sell stops and buy stops. The price is currently showing interest in reaching the buy stops zone first. I believe that on Monday, after the market opens in the New York timezone, if the price is within the weekly zone and there is confirmation in the lower timeframe, it presents a good opportunity to buy GOLD towards the buy stops zone. However, if the price reaches the buy stops zone first, I suggest observing the candle formation to determine the next potential price movement. It's important to closely monitor the price action, consider other technical indicators, and be aware of any news events that could impact the price of GOLD. Market conditions can change rapidly, so it's crucial to adapt your analysis accordingly. Please remember that trading involves risks, and it's important to conduct thorough research, implement appropriate risk management strategies, and make informed decisions based on your own risk tolerance and financial situation. If you have any further questions or need clarification, feel free to ask.
TVC:GOLD
by somayehbasiri
Gold price jumps ahead of Fed Powell’s testimony☘️Fundamental analysis Gold prices (XAU/USD) rose in the European morning session on Tuesday on the back of a weaker US Dollar. Traders expect the Fed to cut interest rates in September after last week's weak US jobs data capped gold's decline. In addition, political instability in France and geopolitical tensions in the Middle East also boosted gold prices as a safe-haven asset. However, gold prices may be pressured as the People's Bank of China (PBoC) did not buy gold for the second consecutive month in June. Traders will monitor Fed Chairman Jerome Powell's testimony before the National Assembly. conference, along with speeches from the Fed's Michael Barr and Michelle Bowman. US Consumer Price Index (CPI) inflation data on Thursday will also be in focus. ☘️Technical analysis Gold prices traded in a positive direction during the day. According to the h2 chart, the precious metal maintains an uptrend near the 34 EMA, with the Relative Strength Index (RSI) holding in the bullish zone above the 50 midline. This suggests support is there. the ability to hold up rather than break down. The psychological level of $2,400 serves as immediate resistance for XAU/USD. Before that, you need to break the old peak around 2392. In case of a downside, the first downside target will appear at $2,340 (former resistance). Support: 2350-2340 Resistance: 2378-2392 SELL GOLD zone 2392 -2395 SL 2397 BUY GOLD zone 2340-2338 SL 2335
OANDA:XAUUSD
by TVS-Trader
Gold has recovered Fundamental analysis Gold prices rose slightly on Wednesday, continuing their recovery after Monday's PBoC-related sell-off. This comes after data emerged showing demand for gold by central banks around the world remains high. This balanced the negative impact of news that the largest consumer of gold, the People's Bank of China (PBoC), stopped buying the precious metal in June. The Fed will adopt a data-driven approach to interest rates. Investors had been hoping for more specifics on when the Fed would cut interest rates, and Powell's quiet cut should have weakened Gold more than that. Technical analysis Gold is recovering for the second day in a row after forming a bearish two-bar reversal pattern. The unclear outlook poses a risk that Gold may return to the break out zone, which is also the most important support zone around 2340. In the bullish trend, if gold surpasses Friday's peak of $2,393, the price will continue the series of higher peaks and could reach the next target of 2,400 and still cherish the possibility of surpassing the all-time peak. The trend is sideways in the near-peak area during the drought period. In the long term, Gold is still in a strong uptrend and is ready to reach a peak above 2400 in the near future as macro and political data continues to support gold. Support: 2362 - 2351 -2342 - 2335 Resistance: 2378 - 2383 - 2387 - 2395 SELL zone 2382 - 2384 Stoploss 2388 SELL zone 2392-2394 Stoploss 2396 BUY zone 2341 - 2339 Stoploss 2335 BUY zone 2351-2349 Stoploss 2346
OANDA:XAUUSD
by TVS-Trader
XAUUSD (Gold): Create long position when the price fallsXAUUSD (Gold): Create long position when the price falls Weekly: The price of gold is currently trying to challenge the previous high and is about to break through the closing price of $2,426 in the week of May 24.From the weekly time frame we should open long positions when prices fall. Daily: According to the recent remarks of the FED Chairman and data from CME WatchTool, it is currently confirmed that there is more than 90% chance of a one-point interest rate cut on September 18, which will make the price rise of gold. This caused the previously predicted descending triangle pattern to be "broken upward", and the triangle pattern has invoid. Judging from the trend of interest rate cuts, gold prices will continue to rise, and investors should establish long positions when gold prices fall. H4: The three moving averages present an "uptrend sequence" which suggests create long position when the price falls. Strategy (H4) Buy Zone @ 2360 - 2395 (positive) SL: 20-30, TP: 40-80 Buy Stop @ 2420 - 2440 (short term) SL: 10-15, TP: 20-40 Sell Zone @ 2460 - 2490 (negative) SL: 15-20, TP: 30-50 H1: (Short-term Strategy) Buy Zone @ 2384 - 2405 (short term) SL: 15-20,TP: 30-60 Sell Zone @ 2440 - 2460 (negative) SL: 10-15, TP: 20-30 Full Time Frame 4K UHD Pic (TradingView):
OANDA:XAUUSDLong
by HyperAlphaPro
GOLD ( UNDER PPI NEWS EFFECT ) ( 4H ) XAUUSD HELLO TRADERS Tendency the price trade above turning level at 2394$ , indicates is under bullish pressure TURNING LEVEL : a black line between resistance and support level around 2,394$ , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line above turning level around 2,423 $ , indicates selling have already increase this level , so if the price trade above turning level reach this level SUPPORT LEVEL : there is a black line below turning level around 2,369$ , indicates buying have already increase this level , so if the price breaking turning level reach this level PRICE MOVEMENT : know the price in the FVG area ,it will attempt reach a turning level around 2,394$, after rising to the resistance level around 2,423$ , then stable above this level reach 2,440$ , if the price breaking turning level reach a support level at 2,369$ , then stable by open 4h candle above this level reach a 2,345$ TARGET LEVEL : RESISTANCE LEVEL : 2,423$ , 2,440$ SUPPORT LEVEL : 2,369$ , 2,345$
OANDA:XAUUSDLong
by ArinaKarayi
Scalping GOLD m15On the m15 frame chart we will have Scalping signals today with support at 2365 and resistance at 2371. The main trend in the small frame is up and is being supported by two EMA lines. Therefore, a BUY scalp signal around 2365 is still being considered by investors. Gold prices held steady in early trading Wednesday morning in Asia. Expectations of Fed interest rate cuts continue to boost yellow metal prices. The PBoC has restrained gold purchases for a consecutive month, limiting XAU/USD's rise.
OANDA:XAUUSD
by TVS-Trader
CPI - Will Gold price touch 2400 ???⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices saw a third consecutive day of buyer interest, despite trading below the week's peak. Traders appear hesitant, awaiting US consumer inflation data to guide near-term strategies. This information will influence Federal Reserve decisions on interest rate cuts, impacting USD demand and potentially providing momentum for gold. ⭐️ Personal comments NOVA: Gold price is in the bullish range - wave 3 of H1 frames waiting for a break in the 2384 area. The price will show positive signs if today's CPI supports Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2338 - $2340 SL $2332 TP1: $2348 TP2: $2355 TP3: $2370 🔥SELL GOLD zone: $2398 - $2400 SL $2405 TP1: $2390 TP2: $2380 TP3: $2370 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
3