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GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:GOLDLong
by ForexPlanet20
Gold Long : Xasuusd long Gold has historically been considered a safe-haven asset and is widely used as a hedge against economic uncertainties and inflation. A bullish reversal play in the gold market suggests that the recent downtrend may be coming to an end, and there is potential for a price reversal to the upside. As of the current date, the analysis will take into account the events and factors up to September 2021. Keep in mind that the gold market can be influenced by a wide range of factors, including geopolitical events, macroeconomic indicators, interest rates, and currency movements. Here are some key factors to consider when evaluating a bullish reversal play for gold: Technical Analysis: One way to identify a potential bullish reversal in the gold market is through technical analysis. Traders often use chart patterns, moving averages, and trendlines to analyze historical price data and identify potential turning points. Common bullish reversal patterns include the "double bottom" and "head and shoulders bottom" formations. If these patterns are identified on the gold price chart, it could indicate that a reversal in the downtrend is likely. Macroeconomic Indicators: Macroeconomic indicators, such as inflation rates, GDP growth, and central bank policies, can significantly impact the demand for gold. During periods of economic uncertainty or high inflation, investors tend to flock to safe-haven assets like gold. If there are indications of slowing economic growth or rising inflation, it may fuel demand for gold, leading to a potential bullish reversal. Geopolitical Tensions: Gold prices are also influenced by geopolitical events and global uncertainties. Geopolitical tensions, trade disputes, or conflicts can create an environment of risk aversion, driving investors towards gold as a safe asset. Any escalation in such events can act as a catalyst for a bullish reversal in the gold market. Interest Rates and Monetary Policy: Interest rates set by central banks play a crucial role in determining the opportunity cost of holding gold. When interest rates are low or negative, gold becomes more attractive as it does not offer a yield, making it more competitive against interest-bearing assets. Any indications of accommodative monetary policy or a shift in central bank stance towards a dovish outlook can potentially support a bullish reversal in the gold market. Currency Movements: The value of gold is typically denominated in US dollars, and therefore, movements in the US dollar can have a significant impact on gold prices. A weaker US dollar tends to boost gold prices as it becomes cheaper for holders of other currencies. If there are indications of a weakening US dollar, it could contribute to a bullish reversal for gold. Conclusion: A bullish reversal play for gold involves the expectation that the recent downtrend in gold prices may be ending, and the market may experience an upward price movement. Traders and investors need to consider a combination of technical analysis, macroeconomic indicators, geopolitical events, interest rates, and currency movements to assess the potential for a bullish reversal. However, it is essential to recognize that the gold market is subject to various unpredictable factors, and any investment decisions should be made with proper risk management strategies in place. Additionally, it is advisable to stay up-to-date with the latest news and developments as new events can quickly change the market dynamics.
OANDA:XAUUSDLong
by realtrademaster
Latest gold trading signals Gold fell slightly today and is now around 1916, as Fed officials' speeches weighed on Fed rate cut expectations, and the dollar index rose, suppressing gold prices, but the continued weakening of U.S. Treasury yields also provided support to the gold market, and there was still some wait-and-see sentiment ahead of the release of the US CPI data for July. Overall, the short-term focus on 1910 and 1902 support, if it cannot be broken, gold may rebound and rise, it should be noted that when the market volatility is relatively large, choose the right position to reduce trading risks Gold personal trading strategy xauusd:@buy1902-1907 tp1920-1925 Join me for more free accurate trading signals
FX:XAUUSDLong
by UnknownUnicorn58713786
Gold short-term is still shortwww.tradingview.com Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
FXOPEN:XAUUSDShort
by Richard-Wagner
GOLD (XAUUSD): CPI Data Ahead! Your Plan🥇 Traders, do not forget that we are expecting the CPI data tomorrow. Depending on the figures, I see 2 potential scenarios on Gold. Bullish Scenario 1942 - 1946 is a key horizontal resistance. If the market breaks and closes above that, I will expect a bullish continuation to a major falling trend line. Bearish Scenario 1924 - 1934 is a key horizontal support that the price is approaching now. Its bearish breakout and a daily candle close below will push the prices lower. Next goal will be 1910. Wait for a breakout and the follow the market. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
7
7 Dimension Analysis For GOLD /XAU 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: A bullish Choch was completed on July 18th. 🟢 Swing Move: After Choch The corrective phase is nearing its target zone. 🟢 Inducement: Waiting for a reversal inducement to confirm the low and enter an impulsive move. 🟢 Pullback: Following a substantial corrective swing, the first impulsive pullback has occurred, showcasing notable strength based on historical data. Extreme Order Block has been mitigated, providing a favorable demand signal. Time Frame Confluence: Daily and Weekly 🟢 Internal Structure: A bullish Choch has been established, and the corrective move has been completed. 🟢 Trendline Breakout: The initial signal for entry or exit is a trendline breakout. Currently awaiting a breakout above trendline resistance and CIP (Change in Polarity). 🟢 Chart Patterns: A reversal pattern of a Head and Shoulders formation is evident. An upside breakout from the Falling Wedge pattern will confirm the setup. 🟢 Candle Patterns: Relevance is observed, confirming the demand zone based on various studies. Doji: Gravestone Momentum: A strict engulfing pattern; there seems to be FOMO selling at this point. Inside Bar: Today's candle is inside the previous momentum candle and forming gravestone candle. Climax players appear to be entering the market, potentially indicating FOMO selling at the support trendline. 3️⃣ Volume: Significant volumes are evident throughout the entire move, suggesting a significant event. Despite substantial volume, price movement remains subdued. This volume divergence could imply an impending sharp move upon breaking above the resistance trendline. Volume during the entire swing cycle is impressive. 4️⃣ Momentum RSI: 🟢 Zone: Currently in a sideways zone. 🟢 Range Shift: Shifting from Bearish to Sideways, finding support at the 40 level. 5️⃣ Volatility Bollinger Bands: 🟢 A Headfake-type formation is emerging at the swing high, although it is yet to be confirmed. 🟢 The last leg is expected to start, with a high likelihood of initiating a reversal. 6️⃣ Strength ADX: According to ADX, the market is mostly sideways, with bears holding a slight advantage over bulls. 7️⃣ Sentiment ROC: The Rate of Change indicates that Gold is stronger than USD, providing clarity in sentiment. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish, yet the move is nearing completion, potentially prompting a reversal. ☑️ Current Move: Impulsive, waiting for confirmation through internal bullish choch or trendline breakout. ☑️ Candles Behavior: Observing Record Session Count, Longwicks, Doji, Inside Bars, and Momentum patterns, all suggesting possible reversals. ☑️ FIB Trigger Event: Already occurred, indicating a swing liquidity sweep. ☑️ Trendline Breakout: Awaiting confirmation. ☑️ Final Comments: Plan to buy upon trendline breakout. 💡 Decision: Buy 🚀 Entry: Approximately 1934 ✋ Initial Stop Loss: Placed at 1911, to be trailed to 1920 once price surpasses 1938. Additional position to be added in gold. 🎯 Take Profit: Initial target at 1999, considering secondary exits based on changes in internal structure or trendline breakout, including potential FOMO action. 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 20 Days Summary: The comprehensive analysis indicates a bullish swing structure with potential impending reversals. Various chart patterns, candlestick formations, volume dynamics, and momentum factors are considered for this analysis. The planned entry strategy involves awaiting a trendline breakout. The expected trade duration is 20 days, with a risk-to-reward ratio of 1:5. If YOU want become a professional trader and analysis like this don't hesitate contact my any time
OANDA:XAUUSDLong
by Optimum369
2
GOLD:Trading strategy Today, as I analyzed, it is on a downward trend, and it has now broken the support point of 1928. Pay attention to the 1920 support point. The previous 1928-1932 support point has now become resistance, so it is now a short trend, but it will not fall directly, waiting for the choice of gold. But I don't think gold will fall directly without new stimulus. At present, there is obvious support at the bottom, so you can buy it. Gold trading advice today: Gold:buy1918-1922 TP:1928-1932 If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
FOREXCOM:XAUUSDLong
by UnknownUnicorn60055110
2
Gold Price At A Critical Support Level – After Steady DeclineGold Price – Technical Outlook Daily Chart After experiencing careful declines since mid-July, gold price is currently positioned directly on the ascending trendline originating from February, as depicted in the chart below. If this trendline is breached, it could pave the way for a more pronounced bearish technical outlook. This scenario would potentially reveal the 38.2% Fibonacci retracement level at 1903, which notably coincides with the lows observed in June. 4-Hour Chart The 4-hour chart provided below offers a clearer view of the recent short-term downtrend. A descending trendline is serving as a consistent support, facilitating a gradual decline in price. Notably, there is a positive divergence in the Relative Strength Index (RSI), which suggests that the downward momentum is diminishing. This observation coincides with XAU/USD testing the 61.8% Fibonacci retracement level within this specific timeframe. However, for a potential return to a short-term bullish technical outlook, it would be essential to surpass the 1932 resistance level. Alternatively, if bearish momentum continues downward, the next area of support to watch out for would be 1898 and 1867
FOREXCOM:XAUUSD
by imxoxo
Gold Drifts Lower on China Data and Inflation ConcernsI wanted to bring to your attention the recent developments in the gold market, particularly the downward trend it has experienced due to China's economic data and growing concerns surrounding inflation. While the situation demands caution, it also presents opportunities for those seeking long-term returns. Over the past few weeks, gold prices have been influenced by China's economic data, which has shown signs of a slowdown. The uncertainty surrounding China's economic growth has led to a decline in demand for gold as a safe-haven asset. Additionally, inflation concerns have been mounting globally, causing investors to reassess their portfolios and seek alternative investment options. Although gold has faced some headwinds lately, it is vital to consider its historical performance and its potential as a long-term investment. Gold has traditionally served as a hedge against inflation and a store of value during economic uncertainty. As the global economy gradually recovers from the pandemic-induced slowdown, the potential for rising inflation cannot be ignored. In light of these factors, I encourage you to consider the long-term potential of gold as an investment. While short-term fluctuations may cause some uncertainty, gold has demonstrated its resilience and ability to preserve wealth over time. As an experienced trader, you understand the importance of diversification and the need to explore opportunities beyond conventional financial instruments. I invite you to explore the possibilities of including gold in your investment portfolio. By diversifying your holdings and allocating a portion to gold, you can benefit from its long-term return potential and ability to hedge against inflation. It is crucial, however, to conduct thorough research and seek advice from trusted financial professionals before making any investment decisions. Please feel free to comment if you have any questions or require further information. I am here to assist you in navigating the complexities of the gold market and provide insights that can help you make informed investment choices. Thank you for your time, and I look forward to discussing the potential of gold as a long-term investment option with you.
OANDA:XAUUSDLong
by bryandowningqln
10