GOLD (XAUUSD): The Next Potential Resistance 🏆
This week, Gold set a new All Time High again.
Executing a Fibonacci analysis, I found the next potential resistance.
Next week, pay attention to 2250 - 2255 area.
It is an important confluence zone and the market may at least retrace from that.
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Goldtrading
GOLDIt's one of Ending Diagonal. There are 5 waves in the uptrend and in the end of that there are 5 intertwined waves. Another signal is divergence in MACD and RSI started to have lower high, on the other hand DXY is power and started to grow and wars doesn't have effect on markets. So, I think its end of the uptrend and GOLD wants go to rest. If it didn't work and price broke high line, it means GOLD started long-term uptrend and it needs weak Dollar.
I hope you have best trade.
Possible turning down GOLDGOLD is making new high time again . After making new analysis , i came out with two path for the XAUUSD. GOLD posible turn to BEAR pattern after the news today. But , we need to be alert on daily chart pattern. I noticed , the wave still not in full pattern yet. Wedge on daily chart , the price gonna hike to 2400++. As my advice, when the price hit 2247 , we need to wait the confirmation first before entring SELL MODE. Let the price close under the trend line first and let the price brek the bottom trendline as we want the Strong confirmation. If the price break the wave as i plot on the graph , the price gonna fly to 2400++. This time if price making move to bear mode , we can target 1000+ pips in futures. The previous chart sharing from me is making 500pips and still going up. Its a WIN for those who follo the analysis. Keep safe.
Don't Miss Out: XAUUSD Sell Opportunity Ahead!Are you ready to seize the potential gains in the XAUUSD market? Dive into this comprehensive analysis for a detailed insight into the next big move. I have identified a prime opportunity for traders looking to capitalize on the fluctuations in the XAUUSD pair.
Analysis:
Entry: 2223
Take Profit: 2210
Stop Loss: 2230
My analysis indicates a compelling setup for a profitable trade. By strategically placing your entry, take profit, and stop loss levels, you can maximize your potential returns while minimizing risks. Stay ahead of the curve and make informed decisions in the dynamic XAUUSD market.
Technical Analysis:
XAUUSD technicaly retested it's orevious high with a closing bearish candle that indicates we can easily make some amazing profits here.
Key Insights:
We are trading with a very short sl and 100+ pips tp so if we make this profitable like our other trades so we can make an amaizng profit by catching rhis trade.
Whether you're a seasoned trader or just starting out, this XAUUSD opportunity shouldn't be overlooked. Don't let this chance slip away – act now and position yourself for success in the forex market!
GOLD 4H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another fantastic day on the charts for us with our 4H chart also hitting all our targets.
Earlier this week we got our bullish target 2180 hit followed with our ema5 cross and lock above 2180 opening 2196 and 2223.
We got the 2196 twice giving us plenty of opportunities to buy dips for the targets and now heading towards the final target at 2223.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2180 - DONE
EMA5 CROSS AND LOCK ABOVE 2180 WILL OPEN THE FOLLOWING BULLISH TARGETS
2196 - DONE
2223
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Whats Gold Next Target? See Our Analysis📣Hello Mates!
We have observed that since gold broke from $2200, it has been continuously declining. According to our prediction, gold may continue to decrease further, with our target set at $2150 or $2146.
If gold breaks the 2180 resistance level again, its target would be 2200 & 2213.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our resistance levels are spotted at:
- 2180
- 2200
📉 And our support levels are set at:
- 2146
- 2135
Stay tuned for further updates and trade smartly! 📊
GoId - UPDATE - 28 - 03 - 2024"Investors are eyeing an opportunity with a target price (TP) set at 2209, coupled with a stop-loss point at 2177.500, indicating a strategic approach to managing risk and maximizing returns in the market. This vision suggests a calculated investment strategy, where traders are aiming to capitalize on potential gains while mitigating losses. The decision to buy is influenced by not only technical price levels but also the fundamental strength of the asset, possibly reflected in its price-to-earnings (PE) ratio. This approach reflects a blend of technical analysis and fundamental research, highlighting a comprehensive approach to trading or investing."
Unlocking Profit Potential XAU/USD Buy Trade AnalysisHey Nathima fams!
I hope you're all doing great! I wanted to share an exciting trading opportunity I've identified on gold. Here's why it's looking promising:
Weekly Strong Bullish Trend: The weekly chart is showing a robust bullish trend, indicating significant upward momentum in the price of gold.
Buy Opportunity: Considering this bullish trend, I'm highly confident in a buy opportunity on gold.
Target Range: I'm aiming for a target range of 2183 to 2208. This range aligns with both technical indicators and market sentiment, increasing the probability of a successful trade.
Profit Potential: With this trade, there's a fantastic opportunity to make substantial profits. By leveraging the current market conditions and strategic entry points, we can maximize our gains.
Let's capitalize on this opportunity together and turn it into a profitable venture! If you're ready to join me in this trade, let's make it happen and celebrate our success as a team. Here's to winning trades and amazing profits!
Gold to close above $2200 this week or next? Gold to close above $2200 this week or next?
Examining the daily gold chart, it appears there's a potential bullish flagpole pattern forming, indicating a possible forthcoming breakout. If this pattern unfolds, gold prices could rise. This week, gold attempted to breach $2,200 but faced rejection, dropping to $2,080 before rebounding above $2,190.
However, market sentiment may be turning cautious ahead of significant US economic data releases in the shortened holiday week, including the GDP Growth Rate, Core PCE Price Index, and Personal Spending. Despite this caution, if the GDP Growth Rate falls from 4.9% in the previous quarter to the expected 3.2%, it could reinforce expectations of a June rate cut by the Federal Reserve, as the market anticipates. This could potentially increase demand for gold and boost its price.
If this week's data doesn't serve as a catalyst, attention may shift to next week, with JOLTS Job Openings scheduled for Tuesday and NFP on Friday (US time), potentially providing further market insights.
Gold Sell Today Confirm Gold price (XAU/USD) struggles to capitalize on the overnight modest gains and oscillates in a narrow trading band through the early part of the European session on Tuesday. Traders opt to wait on the sidelines ahead of the release of the US Personal Consumption and Expenditure (PCE) Price Index on Friday. The crucial data might influence expectations about the Federal Reserve's (Fed) rate cut path and provide a fresh directional impetus to the non-yielding yellow metal.
Learn Best Lot Size for Gold Trading (XAUUSD)
If you trade Gold with fix lot, I prepared for you a simple manual how to calculate the best lot size for your XAUUSD trading account.
Step 1
Find at least the last 10 trades that you took on Gold.
Step 2
Measure stop losses of all these trades in pips
Step 3
Find the trade with the biggest stop loss
In our example, the biggest stop loss is 680 pips
Step 4
Open position size calculator for XAUUSD
Step 5
Input your account size, 1,5% as the risk ratio.
In "stop loss in pips" field, write down the pip value of your biggest stop loss - 680 pips in our example.
Press, calculate.
For our example, the best lot size for Gold will be 0.22.
The idea is that your maximum loss should not exceed 1,5% of your account balance, while the average loss will be around 1%.
❤️Please, support my work with like, thank you!❤️
XAUUSDHello traders ,what do you think about GOLD? Gold failed to cross the resistance of 2200 and also failed to stabilize above the resistance zone of 2185. As long as it is below this resistance zone, it is expected to fall to the specified level. In order to enter the sell position, it is better to wait for the break of the specified trend line and then enter the sell position in the pullback to the trend line.
If this post was useful to you, do not forget to like and comment.❤️
Gold: Thoughts and Analysis Today's focus: Gold
Pattern – Price range
Support – 2154
Resistance – 2187
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Gold daily.
What are we discussing and asking today after looking at Gold?
Could a close above resistance be the move that starts a new continuation higher?
If we see a break below support, this could be a false break and could set up a final HL.
Could buyers be out of gas as price consolidates and can't break resistance?
Good trading.
XAUUSD: Break-out trades only for lower risks.Gold is consolidating on the 4H timeframe, which is accurately depicted on the neutral technicals (RSI = 52.765, MACD = 2.520, ADX = 28.648). Such sideways price action is best traded on a breakout approach. If the LH is crossesd, we will buy and target the recent High (TP = 2,220). If the HL 1 or 4H MA100 is crossed under (whatever takes place first), we will sell and target the HL 2 trendline (TP = 2,120).
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GOLD 1H CHART ROUTE MAP & TRADING PLAN UPDATEHey Everyone,
Another piptastic day on the charts today with our chart idea playing out perfectly
Yesterday we got our open target to 2167 hit followed with a cross and lock above 2167 opening 2175 and 2181 of which both were hit. We then advised we were looking for support above 2167 for a continuation and retest on the levels above until we see a lock above 2181.
- This played out perfectly with support above 2167, as advised; followed with the retest at 2181 and cross and lock confirmation opening 2191 and 2197, which were both hit perfectly!!!! This was true level to level execution
After hitting 2197 final target on this chart we saw a perfect rejection back into the range and re-activating the levels to use.
We will continue with our plans to buy dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. Please also refer to our 4H chart ideas for further targets and activations.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2167 - DONE
EMA5 CROSS AND LOCK ABOVE 2169 WILL OPEN THE FOLLOWING BULLISH TARGETS
2175 - DONE
2181 - DONE
EMA5 CROSS AND LOCK ABOVE 2181 WILL OPEN
2191 - DONE
2197 - DONE
BEARISH TARGETS
2158
EMA5 CROSS AND LOCK BELOW 2158 WILL OPEN THE RETRACEMENT RANGE
2148
EMA5 CROSS AND LOCK BELOW 2148 WILL OPEN THE SWING RANGE
SWING RANGE
2138 - 2125
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX
Gold price decreasedGold prices at the beginning of the trading session on March 25 (US time) increased again after a deep decline last week, slightly weakening the USD. However, according to analysts, in reality, the strength of the USD is at a high level, causing gold to suffer a lot of downward pressure, posing many risks.
Specifically, senior market analyst Lukman Otunuga of FXTM said that after rising to an all-time high last week, gold prices are under a lot of pressure and will likely decrease in the near future. to increase the strength of the USD.
CEO Marc Chandler of Bannockburn Global Forex also said that the USD is increasing in strength, along with the increase in bond yields, which means gold prices will decrease.
Similarly, VR Metals/Resource Letter expert Mark Leibovit predicts that USD strength will send gold lower in the next few days.
GoId Next Vision - 26-03-2024Hey AII
I hope this emaiI finds you weII
Gold is currently in a good buying zone, but there's a different view. For my opinion picture it like navigating the Bermuda Triangle – mysterious and unpredictable. If it breaks down, it could drop to 2120.500. The price-to-earnings ratio (PE) is around 2178, indicating uncertainty. Yet, there's a solid support level (SL) at 2186.500. This situation offers both risk and opportunity, like finding hidden treasures in a maze.
Good Iuck and have a good day
xauusd longGold drops below $2,170, clings to small weekly gains
Gold trades deep in negative territory below $2,170 on Friday as the persistent USD strength doesn't allow XAU/USD to benefit from declining bond yields. The pair still looks to post small weekly gains after having pulled away from the record high it set above $2,220 on Wednesday.
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 buy 2165
TP1 2170
TP2 2180
TP3 2200
SL 2140
Weekly Gold Outlook 24/03/2024Recently we have seen the price of gold push high to 2200 regions - breaking new highs and extending gains. We see divergence on the 4hr chart and possible MACD crossings on the daily which may indicate a possibly roll reversal into this week and the start of April.
We remain bulls on this pair and look for pull backs taking price back to the highs with fib levels below at support.
Our rules for engagement:
- Daily price must be above 200MA
- 1hr 4hr chart intraday trades using MA cross-over and MACD signals
Conditions are not yet favourable on these time frames for long entries so we wait below for a better price.