The lower side of the triangle is the last barricade of GOLD !In daily timeframe, if Gold loses the lower side of the triangle, it will fall to the bottom of the channel, that is around $1930 .
Goldshort
Gold Time for a downtrend? ( Trade Ideas ) After a week of a downtrend, gold now is on the verge of breaking another support near the 2020 price area, there is a lot of opportunity for the short traders to make a massive profit from the bearish trend. However, these are one of the following criteria that short traders need to wait for before making a decision :
1. Gold needs to break below the 2020 price at least or make a bearish candle formation below the support to convince the short position and less risk.
2. A failure to break below the price will only make the pair test the resistance area of 2025-2027 and a solid bullish formation can send the pair flying towards 2037.
Disclaimer: Please follow at your own risk, and make sure you are following your own SOP before entering the forex market.
GOLD H4 / POSSIBLE SCENARIO FOR LONG ENTRY ✅Hello Traders!
This is my forecast on Gold H4. I expect a reaction from the resistance level, and if confirmed, I will have only a long bias. I will look for long entries after the retracement from the resistance.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GOLD BUY CONFIRM CHARTGold prices are modestly down and silver prices slightly up in lackluster early U.S. trading Friday. Thursday’s surprising deflation news coming out of China is still a bearish weight on the metals markets to end the trading week. The U.S. stock indexes at record highs are also a negative element for the safe-haven metals. April gold was last down $3.40 at $2,044.50. March silver was last up $0.044 at $22.68.
GOLD SELLHello, according to my analysis of the gold market. There is a good opportunity to sell with the break of the ascending channel as shown by the analysis. We also notice the formation of a falling peak towards the bottom, which indicates further decline in the coming days. I recommend selling from the 2070 area, where the red triangle is located. Good luck everyone.
XAUUSD: The upward momentum has not stoppedOn H1, the EMA technical indicator clearly indicates an upward trend. By using Fibonacci, I anticipate that gold will soon reach the 1.618 level, which is $2053, thanks to the strong support from EMA and the previous market breakout above $2030. As long as gold maintains this level, it would not be surprising to see this scenario unfold in the short term.
All attention will be focused on the upcoming release of the latest US consumer inflation data next week.
Gold buy now H1 now confirm move is buy The 14-day Relative Strength Index (RSI) is trading neutral at the 50 level, suggesting a lack of clear directional bias for Gold price.
If the rebound finds legs, the immediate powerful resistance for Gold price is seen at the $2,050 psychological level. The next critical supply zone for the bright metal is seen at around $2,065.
Gold buy now 2033 limit trade 2930
Confrim Target 2050
📉Gold prediction / Wrist wrestling between buyer and seller📈FOREXCOM:XAUUSD
OANDA:XAUUSD
Hello dear traders.
If the price does not stabilize above the $2030 level, it can start bearish scenario.
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✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
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Gold buy now today Gold confirm move is buy zone On the upside, the immediate powerful resistance at the abovementioned confluence support now turned resistance near $2,030. Gold buyers need to find a strong foothold above the latter on a daily candlestick closing basis to initiate a recovery toward the $2,050 psychological level.
Recapturing that level is critical to revisit the monthly top of $2,065, which could act as a tough nut to crack for Gold buyers.
Gold buy now 2024 limit trade 2019
Confirm Target 2045
Gold buy now to gold fly move the upside, the immediate powerful resistance at the abovementioned confluence support now turned resistance near $2,030. Gold buyers need to find a strong foothold above the latter on a daily candlestick closing basis to initiate a recovery toward the $2,050 psychological level.
Recapturing that level is critical to revisit the monthly top of $2,065, which could act as a tough nut to crack for Gold buyers.
Gold buy now 2023 limit trade (2019)
Confrim Target 2045
GOLD possible scenario🔼 GOLD - BUY NOW - RISKY TRADE 🔼
AT : 2022.206
❌SL : 2015.808
✅ TP 1: 2033.319
✅ TP 2: 2045.368
✅ TP 3: 2056.131
⚠️use small lot size⚠️
Bears Seize Control of the Gold MarketSince the onset of January 2nd, 2024, a discernible downtrend channel has shaped the intricate interplay between gold and the US dollar. Delving into the meticulous examination of gold's financial intricacies, my attention is laser-focused on identifying opportune moments for selling as the precious metal nears the trend line this week.
In the event that price encounters resistance within the critical thresholds of 2050 to 2070, a calculated strategy emerges – a potential short position with a downside target of approximately 55 pips, bringing us to an anticipated 2003 level. The overarching strategy hinges on a discernible transformation in the higher time frames, acting as a precursor for potential long positions.
In the strategic forecast, my outlook tends towards a bearish trajectory, unfolding gradually with each nuanced market development. Your active engagement in this financial analysis is pivotal. Appreciate your likes, comments, and shares as we navigate these nuanced market waters. Until the next data point emerges, see you on the analytical flip side! 🔄💹
XAU/USD Shorts from 2052.000 or 2072.000 back downMy outlook for gold this week leans towards a potential retracement following its recent upward bullish momentum. I anticipate a temporary sell-off from the 15-hour supply zone I've identified, or a scenario where the equal highs gets taken and reaches the 4-hour supply zone above. Additionally, there's a trendline forming below, coupled with numerous untouched Asian lows.
While this temporary bias diverges from my overall outlook, I'm particularly intrigued by the possibility of a significant buying opportunity around the 1990.000 level. Should the price not reach that point, I'll patiently await for a new, clear demand zone to consider as a potential buying opportunity.
Confluences for Gold Sells are as follows:
- Price swept liquidity and formed a 15-hour supply zone that's been unmitigated.
- Nice trendline liquidity has been building below that needs to get taken.
- Lots of Asian lows below as well as a daily demand that needs to be mitigated.
- Price has been moving very bullish and is due for a pullback/retracement.
P.S. Given that this is a counter-trend concept, I'll exercise extra caution and ensure that all my confirming factors align before proceeding. Additionally, I'll reduce my risk accordingly. The objective is to initiate sells aiming towards a better demand zone.
HAVE A GREAT WEEK TRADERS!
💬(What is your next target for gold)Technical analysis ✅ FXOPEN:XAUUSD TVC:DXY
traders gold moving today USd
Both data positive im seller and gold moving down 2010)
What is next target for you experience)? My trade position selling zoon 2040+
2020)
Gold's fundamental analysis involves considering various factors that influence its value. Key elements include:
Interest Rates: Gold and interest rates have an inverse relationship. When interest rates are low, gold becomes more attractive as it doesn't offer a yield. Conversely, higher rates may divert investors towards interest-bearing assets.
Inflation: Gold is often viewed as a hedge against inflation. During periods of rising inflation, investors may turn to gold to preserve their wealth.
Global Economic Conditions: Economic instability or geopolitical tensions can drive investors towards gold as a safe-haven asset.
Central Bank Policies: Actions taken by central banks, such as buying or selling gold reserves, can impact gold prices.
Currency Strength: Gold is priced in USD, so changes in the strength of the US dollar can influence gold prices. A weaker dollar typically boosts gold prices.
Supply and Demand: Like any commodity, gold's price is influenced by supply and demand dynamics.
Mining Costs: The cost of mining can influence the production levels and, consequently, the supply of gold in the market.
Market Sentiment: Public perception and investor sentiment also play a role. Market sentiment can be influenced by news, economic reports, and overall market conditions.
Remember, a comprehensive analysis should consider a combination of these factors, and it's crucial to stay updated on global economic trends and events that might impact the market.
Nfp news chart guys use this chart Today Gold will fall in nfp then rise from 2040
So my point view Gold can buy 2040
To 2040
So Gold frist sell then buy
Always follow the trend
XAUUSDHello traders ,what do you think about GOLD?NFP data will be released today. Gold is still involved in the resistance of the 2060 zone in the lower time frame, which is expected to break through the news and grow up to the 2080 resistance zone.
And after hitting the resistance zone of 2080, expect gold to fall to the specified level
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Wipeout Possible for NFPLet me explain why I think this
-for FOMC on Wednesday I expected a big buy as if the sell wanted to occur it would have (it neither bought or really sold)
-the move for FOMC wasn't as aggressive as you would think from a news event (especially the first major one for the year)
-(in yellow) this would have been the last high before the current highest high - sellers would have been interested here
-(in red) the sellers from the yellow zone would have been taken out and buyers would have become induced on the break out
-(in red) not long after that move the buyers would have also been taken out with the bear push after the fact
-(blue square) price went into a heavy consolidation the last part of yesterday's trading day and to present (time of me typing this)
-(in orange) sellers being induced at the high of that consolidation
-(in turquoise) buyers being induced at the low of that consolidation
-(in purple) we have NFP in about an hour (from me typing this) I expect due to the consolidation it makes sense to take out traders in both directions before continuing bullish
Gold clearly is prioritizing bull momentum, as I would have mentioned if it wanted to sell it would - there were many times gold took out the sellers and made it safe for sells to occur, yet it didn't sell - why?
As per usual - I do not trade news events so I will not be attempting to trade it, however I do love trying to analyze it (this is really engaging for me, if that isn't clear by now lol) I can type for hours and hours about what I see
My system is actually very simple, at its core it is 3 simple questions I am attempting to answer
1. Who is interested? - Buyers and Sellers
2. Where are their stops? Below and above the areas of induction
3. Have those stops been taken out? No, which means I think a whipsaw is likely
Downvote\don't Boost if you didn't read and didn't attempt to understand
OR
Upvote\Boost if you did read and did attempt to understand
If you disagree, you can downvote but please leave a comment as to why you disagree, not doing so doesn't help either of us
GOLD LITTLE SELL THEN BUY CONFIRM Gold price is back in the green, on its way to retest the two-week high of $2,056 set on Wednesday. The US Dollar is fading its uptick amid a renewed appetite for risk assets, as markets cheer China’s fiscal support while assessing the US Federal Reserve interest rate outlook.
GOLD H1 / SHORT TRADE EXECUTION FORECASTHello Traders!
This is my idea related to Gold H1. I expect a retracement after a reaction from the OB H4. At the moment, I expect that Gold will go after the PD BOSS, at the price of 2009. If confirms, it will be my target.
THE KOG REPORT - FOMCThe KOG REPORT – FOMC
This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
On Sundays report we said we had 3 levels in mind for the week ahead. 2010-12, 2030-35 and extension level 2045-50. It’s this level here we were expecting a move into for a potential tap and bounce, however, on Monday we activated long and took our trades from the 2018 completing another Excalibur target today around 2043. We’re still within the plan on the KOG Report, but FOMC is likely to throw us some curve balls, so we’ll have to play the cards we’re dealt for the rest of the week!
So, for todays move we’re still looking at extreme levels, not only due to FOMC, which may already be priced in, but also for NFP. We’re going to highlight the above resistance level as 2060-5 as a potential target level from support regions below, that’s if the price level is not touched during the rest of the week. This now turns 2030-35 into support on the flip which could be a level they dip into on the move, to then continue the move to the upside, before we then see a reaction in price.
Pre-event plan, we’re going to stick with one scenario, if we get it we’re in, if not, we’re happy to sit and wait for the right set up. If you’ve taken enough from the market already, please also do the same. We’ll be looking for price to push up into the 2060-65 region and hold, this level we feel holds an opportunity to short the market back down into the 2050-45 price point, and then below that 2030-35. Price will need to break below the 2030 level to complete the move to the downside, as we initially wanted in the KOG report on Sunday targeting the break of 2000!
Price breaks above 2060-65, we’ll sit and wait for tomorrow and let Excalibur activate.
KOG’s bias for the event:
Bullish above 2030 with targets above 2060 and above that 2065
Bearish on break of 2030 with target below 2010
Please use this as a guide, FOMC is most likely priced in. It’s the press conference 30mins into the hour where the market will be looking for clues to future economic news. We may see some late sessions movement across the markets, so please make sure you have a strict risk model in place, if you’re going to try and trade it. Otherwise, sit it out, wait for them to move the market to where they want to, then look for the right set up at the right time.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
XAUUSD buy now today gold move confirm buy zone guy's use this Just for Today! 50% OFF on your PREMIUM features. Crazy OFFER! Access our analysts and trade with them! SUBSCRIBE HERE!
Close alert
XAU/USD Editorial
GOLD FORECAST AND NEWS
Gold holds above $2,030 in choppy session
Gold price erased a large portion of its daily gains after meeting resistance near $2,040 in the European session on Tuesday. With the benchmark 10-year US Treasury bond yield struggling to gain traction ahead of US data, however, XAU/USD stays afloat above $2,030.
LATEST XAU/USD NEWS
Gold price clings to gains as Middle East tensions escalate, Fed policy hogs limelight
By Sagar Dua | 24 minutes ago
Gold Price Forecast: XAU/USD’s headwinds have recently come mainly from investors – Commerzbank
By FXStreet Insights Team | 11:42 GMT
Gold price touches two-week top as geopolitics and sliding US bond yields offset stronger USD
By Haresh Menghani | 09:01 GMT
Technical Overview
Chart Tools
Gold price rises to near $2,040, supported by geopolitical tensions. The precious metal has strengthened after delivering a breakout of the Symmetrical Triangle chart pattern formed on a daily time frame. A breakout of the aforementioned chart pattern indicates a volatility expansion, which results in wider ticks and heavy volume. The near-term appeal has turned bullish as price is sustaining strongly above the 20-day Exponential Moving Average (EMA).
However, the 14-period Relative Strength Index (RSI) oscillates in the 40.00-60.00 area, which indicates that momentum is weak.
Fundamental Overview
Gold price (XAU/USD) continues to advance amid the escalating Middle East crisis as US President Joe Biden has pledged to retaliate for unmanned aerial drone attacks on US service personnel near northeastern Jordan, near the Syrian border. Still, the precious metal could turn sideways as investors await the interest rate decision by the Federal Reserve (Fed), which will be announced on Wednesday.
Traders see the Fed holding interest rates in the range of 5.25%-5.50% amid consistently easing price pressures. Investors will focus on the timing at which Fed policymakers are comfortable for commencing the rate-cut campaign. The Fed is not confident yet that underlying inflation will sustainably return to 2% due to strong labor demand, robust Retail Sales, and a broadly upbeat economic outlook.
Gold Buy Now 2034
Confirm Target 2020
Gold buy now today Gold biggest move is buy guys use this From a technical perspective, bulls might still wait for a sustained move beyond the $2,040-2,042 supply zone before placing fresh bets and positioning for any further gains. Given that oscillators on the daily chart have just started moving into the positive territory, the Gold price could then climb to the $2,077 resistance zone before aiming to reclaim the $2,100 round-figure mark.
Gold buy now 2037
Confirm Target 2056
XAUUSDHello traders ,what do you think about GOLD? In 1H, upon reaching the ceiling of the channel, we saw gold falling. It is also below the important resistance of 2040. We expect to see a drop at least to the bottom of the channel with a little fluctuation in this area.
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