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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
GOLD ( UNDER CPI PRESSURE ) ( 4H ) XAUUSD HELLO TRADERS in the last chart as mentioned the price is under bullish reach first target , today still continues to reach a resistance level , beware today have a some huge news TURNING LEVEL : around 2,368 $ , the price stabilizing this level indicates active resistance level , if the price breaking this level trying to reach a support level PRICE MOVEMENT : ACTIVE RESISTANCE LEVEL : know the price trade above 2,368$ , indicates active this level in my suggest the price it will attempt to reach a turning level after touch a resistance level around 2,394 $ , then above this level have a FVG place trade above this level reach a next resistance around 2,415 $ ACTIVE SUPPORT LEVEL : this level become active when the price breaking a turning level at 2,368$ , which is what make it reach a support level at 2,347$ and 2,328$ TARGET LEVEL : RESISTANCE LEVEL : 2,394 $ , 2,415 SUPPORT LEVEL : 2,347$ , 2,328 $
OANDA:XAUUSDLong
by ArinaKarayi