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GOLD (Reversed - NFP Coming...)Technical Analysis The price has successfully followed its bullish trend, reaching our target of 2386. Today, the market is expected to be highly volatile due to the reports on non-farm payroll (NFP) and unemployment rate. Depending on these economic indicators, the price might correct to 2357 before dropping to 2328. It is crucial to monitor the closing of the 4-hour candle for further direction. Bullish Scenario: For the bullish trend to continue, the price must break above 2357 and stabilize. This would pave the way for a move towards 2369 and 2397. Bearish Scenario: The price may correct to 2357. If it remains below this level, it will drop to 2328. A break below 2328 could lead to a further decline towards 2320, a strong support line. Pivot Line: 2357 Resistance Lines: 2369, 2377, 2397 Support Lines: 2335, 2327, 2302 Today's expected price movement range is between the support level of 2302 and the resistance level of 2397. previous idea:
OANDA:XAUUSDShort
by SroshMayi
Gold → an update for xauusdhello guys... gold FXOPEN:XAUUSD is on an ascending channel but after the sharp movement I think it will be on the downward compression for a while! what do you think?! if the gray area breaks up it would be bullish again and we can count on it! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
OANDA:XAUUSDShort
by melikatrader94
6
Gold Spot (XAU/USD) AnalysisThe chart provided is of Gold Spot (XAU/USD) against the US Dollar, in a 4-hour timeframe. Here’s a detailed analysis and summary: 1. Trend Analysis: - The overall trend from early March to mid-May was upward, with gold prices rising steadily. - Recently, there has been significant volatility, with noticeable peaks and troughs indicating a correction or consolidation phase after the upward trend. 2. Support and Resistance Levels: - Resistance: The recent high is around 2387.313. - Support: Multiple levels including: - 2304.029 (61.8% Fibonacci retracement level). - 2281.389 (78.6% Fibonacci retracement level). - 2252.548 (Key horizontal support level). 3. Fibonacci Retracement Levels: - The chart shows Fibonacci retracement levels calculated from the recent high to the recent low. - 50% level at 2319.931. - 61.8% level at 2304.029. - 78.6% level at 2281.389. 4. Chart Patterns: - The dotted lines indicate A possible ascending channel, suggesting that the price has been moving within an upward-sloping range. - Recent price action shows a breakdown from this channel, indicating potential bearish pressure. 5. Current Price Action: - The price has dropped sharply and is currently around 2306.890. - It is approaching the 61.8% Fibonacci retracement level, which might act as immediate support. - If this level breaks, the next significant support is around 2281.389 (78.6% retracement). 6. Moving Averages and Indicators: - The chart does not explicitly show moving averages or other indicators, but the trend lines and Fibonacci levels provide key insights. Summary: The chart of the Gold Spot against the US Dollar shows an overall uptrend that is currently facing a correction or consolidation phase. Key support levels to watch are around the 61.8% Fibonacci retracement level at 2304.029 and the 78.6% retracement level at 2281.389. It might resume its upward trend if the price stabilizes above these levels. However, a break below these supports could indicate further downside risk, with the next major support at 2252.548.
OANDA:XAUUSDShort
by The90sTraderOfficial
GOLD SHORTPrices Already on Resistance!! If Market Crash Price can go higher up to $2900 (I mean 20% rally). or Opposite, It come down to $2100 to $2000 level It will provide a bearish divergence signal shortly. Keep an eye on it, but make a trade plan in advance. A surge in the US dollar and Treasury yields also brought down the price of gold. Central Banks are adding gold to their reserves. Decresing Tick Volume No matter the asset, investing always involves some risk, but savvy investors usually recognize the value of seeing openings during market downturns. Furthermore, investors now have a compelling opportunity to diversify their holdings, protect themselves from market fluctuations, and maybe profit from a price comeback thanks to the recent drop in gold prices that occurred on April 25. But before making any financial decisions, including adding gold to your portfolio, it's imperative that you carry out extensive study and evaluate your needs, goals, and risk tolerance. "Escalating geopolitical risks significantly bolster gold as hot and cold conflicts, and a record number of elections this year, keep the risk thermometer high," HSBC was quoted as saying by Reuters. - --------------- **First Scenario - Long:** If Market Structure breaks on Daily TF and retest at 61.8% Initial Target: $2900 Entry: $2390 Stoploss: $2325 **Second Scenario - Short:** Initial Target: $2080 Entry: $2415 Stoploss: $2441 - --------------- Take into consideration: Psychological Resistance at $2900 Psychological Support at $2050 - --------------- Price already in my area of value, just waiting for the market to tell me to get in on a sell. NFA DYOR - --------------- Good Luck! ⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
OANDA:XAUUSDShort
by irfanp056
2
The rebound is an opportunity to short goldAt present, gold has rebounded after touching the 2315 position, and has taken a bottoming-out and rebounding trend. However, from a technical perspective, gold has shown a clear willingness to go down. After gold fell below the 2330-2320 area, strong resistance was formed at 2335 and 2345 respectively. Combined with other periodic indicators to maintain a short position arrangement, the short trend of gold is strong! Although gold is currently in a rebound stage in the short-term structure, according to the rebound strength, it is expected that the rebound space of gold is limited, so I think the rebound of gold is an opportunity to short. Don't think that 2315 is the bottom. Gold is likely to try to test 2300 or even 2280 during this round of decline. So in terms of trading today, the idea of ​​shorting at high levels remains unchanged. First, pay attention to the 2330-2335 resistance area, and then pay attention to the 2340-23450 resistance area. The former is regarded as the key of bears to test the low point again, or even break below 2315; the latter is the short-term strong defense of bears in the short-term volatile trend. In other words, below 2330, bears can complete the intraday low or new low in the short term; and after rebounding to 2345 and then falling, although there is still hope to test the new low, the time period will be longer. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
1
XAUUSD (Toward 2327!!!) or yet... Technical Analysis of Gold The price remains stabilized in the bearish area, as indicated by the closing of the 4-hour candle below the support line. The price is expected to move between 2348 and 2327. As long as it trades below 2347, a drop to 2327 is anticipated. The bullish scenario will be activated if the price stabilizes above 2348, targeting 2364 and 2369. Pivot Price: 2344 Resistance Levels: 2354, 2369, 2388 Support Levels: 2327, 2318, 2304 Today's anticipated trading range is between the support level at 2302 and the resistance level at 2355. previous idea:
OANDA:XAUUSDShort
by SroshMayi
Gold H4 Chart Analysis update 📉 Recent Price Action: Last week, we saw the previous week's low being swept, taking sell-side liquidity. For those unfamiliar, sell-side liquidity refers to the stop-loss orders and sell orders accumulated below a previous low. When these are triggered, it provides the liquidity necessary for larger market participants to enter buy positions at lower prices. Given this sweep, we anticipate a pullback into the 2352-2364 region before continuing the downward movement. See chart for more information on technical Analysis done
OANDA:XAUUSDShort
by Mike_SnD
XAU-USD | 4H | SHORT | TECHNICAL CHARTHello traders, I have determined my FOREXCOM:XAUUSD target on the chart. I expect traders to buy from the supply and demand zone. I have marked the key level. Thank you very much for supporting me with your likes. If you traders want to receive constant updates under this post, there should be at least 50 likes. Note: I have been in the forex, crypto, and stock financial sector for 14 years. I do day trading with harmonic patterns, smc, chart formations, and Elliot wave strategies. I am sharing signals from some of my operations with you.
FOREXCOM:XAUUSDShort
by TraderTilki
Gold is heading to 2260$ zone(3/31/2024)After reaching the 2450$ zone, xauusd OANDA:XAUUSD faced a huge sell pressure that led the gold price to fall into the 2326 zone sharply. We believe the price has more room to fall more until it reaches the 2250-2260$ zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
PEPPERSTONE:XAUUSDShort
by fortunamarkets
GOLD New Outlook (still bearish or reversed!)Technical Analysis of Gold: The price reached our previous target of 2327 and then reversed. Closing a 4-hour candle above 2344 suggests it will likely reach 2354, with the potential to touch 2369 as well. However, if the price remains below 2344, it indicates a drop back to 2327 as the first target. Pivot Price: 2344 Resistance Levels: 2354, 2369, 2388 Support Levels: 2327, 2318, 2302 Today's anticipated trading range is between the support level at 2305 and the resistance level at 2369. previous idea:
OANDA:XAUUSDShort
by SroshMayi
1
Gold (XAU/USD) ForecastThe provided chart is a daily candlestick chart for Gold Spot (XAU/USD) on OANDA. Here’s a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily (1D) - Data Range: From early March 2024 to late May 2024 Price Analysis: - Current Price: $2,355.55 - Price Movement: The price has shown an overall uptrend from March to mid-May 2024, followed by a consolidation and potential bearish reversal. Technical Patterns and Indicators: - Divergence Pattern: - The chart indicates a divergence pattern, where the price has been making higher highs, but the volume has been decreasing. This divergence between price and volume suggests a weakening uptrend and potential bearish reversal. - Resistance and Support Levels: - Resistance Levels: - A major resistance zone is marked around $2,397.52. - The area just below the recent highs, approximately $2,350.00 to $2,370.00, is acting as an immediate resistance. - Support Levels: - Immediate support is marked around $2,300.00 to $2,320.00, which coincides with a previous consolidation area. - The next significant support level is indicated at $2,283.39. - Trendlines: - An upward-sloping trendline can be seen connecting the higher lows from mid-March to mid-May 2024, suggesting an uptrend. However, the recent price action is testing this trendline. - Another dotted trendline at the bottom highlights decreasing volume over time, reinforcing the divergence pattern. - Sell Trigger and Target: - A sell signal is suggested by the divergence pattern, indicating that gold may fall this week. - Target Price: The sell target (TP) is marked at $2,280.00, suggesting a bearish move towards this level after breaking the immediate support. Key Levels: - Resistance Levels: - Major resistance at around $2,397.52. - Immediate resistance at approximately $2,350.00 to $2,370.00. - Support Levels: - Immediate support at around $2,300.00 to $2,320.00. - Further support at the significant level of $2,283.39. Trade Setup: - Bearish Scenario: The divergence pattern suggests a potential bearish scenario. If the price breaks below the immediate support level of $2,300.00, a move towards the sell target at $2,280.00 is likely. The weakening volume adds to the bearish sentiment. - Bullish Scenario: For a bullish outlook, the price needs to break and sustain above the resistance zone around $2,370.00 to $2,397.52. This could invalidate the divergence pattern and suggest further upside potential. Conclusion: The chart for Gold Spot (XAU/USD) indicates a potential bearish scenario with the formation of a divergence pattern, where higher prices are met with lower volumes. A break below the immediate support level of $2,300.00 could trigger a move towards the sell target at $2,280.00. Traders should look for confirmed breakouts from key levels to make informed trading decisions. The resistance zone around $2,350.00 to $2,397.52 and the support levels at $2,300.00 and $2,283.39 are crucial levels to watch.
OANDA:XAUUSDShort
by The90sTraderOfficial
❓ New ATH for GOLD? Multitimeframe context ❓Bullish confluence for GOLD on MTF, LTF and HTF Expecting new ATH next week ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
OANDA:XAUUSDLong
by Yelli_trades
4
XAU/USD Intra Day/Week Play - 27/05/2024With gold being at all time highs our analysis on this week's play was carried out on the Daily and 4hr to set a respectable tone to price action and what we anticipate seeing over the coming day(s) / week. On the daily we see that price has finally exhaused itself to complete its upward move to the extreme supply zone of 2,440.372 and has now started to retrace back to key demand levels leaving behind it some imbalances on the daily and 4 hour. Overall the ema's all support a bullish direction to which I believe we will continur but not before tapping into the unmitigated bullish order block at 2,317.065 and then heading upwards to seek out the extreme supply zone levels of 2,432.198 This all supports the inverse corrolation we anticipate happening with the greenback on this week's analysis also which can be seen below. We are aware that CPI and Unemployment claums will greatly impact this technical analysis so it will be interesting to see how this week plays out. Let me know your thoughts on this. Hope you have a great week ahead. Happy Trading. The FX Capital Club.
OANDA:XAUUSD
by FXCapitalClub
Xauusd confirm sell Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold now sell 2338 Target 2330 Target 2318 Target 2305
OANDA:XAUUSDShort
by JohnHarry_7
1
GOLD (interest rates would remain elevated for a longer period)Gold prices fell to a one-week low on Thursday, marking the third consecutive session of decline. This drop is attributed to profit-taking following the release of the Federal Reserve's latest meeting minutes, which suggested that interest rates would remain elevated for a longer period. Technical Analysis of Gold: The price of gold declined after breaching the 2410 level, hitting our previously mentioned targets. Currently, gold maintains a bearish outlook, likely to reach 2354 and 2344 due to the ongoing high inflation rates addressed by the Federal Reserve. However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388. Pivot Price: 2369 Resistance Levels: 2388, 2397, 2410 Support Levels: 2354, 2328, 2308 Today's anticipated trading range is between the support level at 2344 and the resistance level at 2388. Previous idea:
OANDA:XAUUSDShort
by SroshMayi
1
XAUUSD Forecast - Short Term SellThe chart shows the 4-hour candlestick pattern for Gold Spot (XAUUSD) against the US Dollar on the OANDA platform, with the current price at approximately $2340.26. Key Observations: 1. Current Price and Recent Movement: - The current price is $2340.26. - The recent price action shows a decline of 1.16%, indicating a short-term bearish trend. 2. Trendline and Support Levels: - There is a clear ascending trendline that has been acting as support since early April. - The price has recently broken below this ascending trendline, suggesting potential further downside. 3. Support and Resistance Levels: - Immediate Resistance: Around $2397.515, where the price has previously encountered resistance. - Immediate Support: At approximately $2279.895, a previous low and potential support level. 4. Possible Scenarios: - Bullish Scenario: - If the price manages to hold above the immediate support at $2279.895 and breaks back above the ascending trendline, it could retest the resistance at $2397.515. - Bearish Scenario: - If the price continues to fall and breaches the support at $2279.895, it could see further declines. 5. Volume and Market Sentiment: - The recent drop below the trendline with a significant decline suggests a bearish sentiment in the market. - Monitoring volume and any potential reversal patterns around support levels will be crucial for determining future price movements. Summary: The 4-hour chart for XAUUSD shows that gold is currently experiencing a bearish trend, having recently broken below a significant ascending trendline. The price is facing immediate resistance at $2397.515 and has support at $2279.895. The breach of the trendline suggests potential further downside unless the price can reclaim this trendline and move higher, targeting the resistance. Traders should watch for a possible rebound at the support level or a continuation of the bearish trend if support fails to hold.
OANDA:XAUUSDShort
by The90sTraderOfficial
GOLD (Continuation of Bearish Trend )Technical Analysis of Gold: Continuation of Bearish Trend with Key Levels The price maintained its bearish trend from yesterday, as indicated in our previous analysis starting from 2369, successfully hitting all our targets. The downward pressure remains intact, aiming for 2327 and 2304, provided the price continues to trade below 2354. A retest up to 2354 is possible, after which the bearish trend is expected to resume. However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388. Pivot Price: 2344 Resistance Levels: 2354, 2369, 2388 Support Levels: 2327, 2318, 2302 Today's anticipated trading range is between the support level at 2305 and the resistance level at 2369. Previous idea:
OANDA:XAUUSDShort
by SroshMayi