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XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate retaliation. Meanwhile, US front, robust US Retail Sales figures from last week triggered a reevaluation of interest rate expectations, propelling the US 10-year note yield to levels not seen since November 2023, reaching a peak of 4.696%. Atlanta Fed’s Raphael Bostic cautioned against persistently high inflation, signalling a challenging path ahead for the central bank. Yet, New York Fed President John Williams struck a more measured tone, highlighting the Fed's data-driven approach and its current stance on monetary policy. As market sentiment fluctuates, the CME FedWatch Tool hints at a shift in sentiment for potential rate cuts, with September earmarked as a likely window for action. Against this backdrop, this video delves into the technical intricacies of the XAUUSD chart. Through the lens of price action analysis, we unravel the behavioural patterns driving market dynamics and offer insight into potential price movements for the week ahead. XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities. Our focus for the upcoming week centres around the $2,365 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,365 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
EIGHTCAP:XAUUSD
by darcsherry
1
XAUUSD (GOLD) Analysis I Pullback and more growthWelcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSDLong
by BKTradingAcademy
1
XAUUSD (GOLD) I Let the price come down before going longWelcome back! Let me know your thoughts in the comments! ** GOLD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSDLong
by BKTradingAcademy
1
GOLD I Daily outlook and forecast I Stay patient for best levelsWelcome back! Let me know your thoughts in the comments! ** GOLD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSDShort
by BKTradingAcademy
4
GOLD XAUUSD Technical Analysis and Trade IdeaIn this video analysis, we closely examine GOLD. We've identified a break below a prior low, indicating a downtrend. Considering the ongoing weakness in the British pound and the prevailing strength in the Swiss franc, I'm considering a potential selling opportunity for XAUUSD. At present, the price has retraced significantly into a critical resistance area. As highlighted in the video, we're anticipating a possible rejection and move downward, especially around the New York open, provided the conditions discussed in the video align. It's important to emphasize that this analysis is solely for educational purposes and should not be considered as financial advice.
OANDA:XAUUSD
by tradingwithanthony
XAUUSD (GOLD) I Potential Bearish Flag BreakoutWelcome back! Let me know your thoughts in the comments! ** XADUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
FOREXCOM:XAUUSDShort
by BKTradingAcademy
5
GOLD XAUUSD Technical Analysis And Trade IdeaIn recent times, GOLD (XAUUSD) has exhibited a robust bullish trajectory. This video meticulously dissects this trend, delving deep into price actions and uncovering potential trading opportunities through comprehensive examinations of both weekly and daily timeframes. Expect an exhaustive evaluation of price dynamics, market patterns, trend evaluations, and essential technical analysis elements. It's pivotal to underscore that the information shared here serves solely for educational purposes and should not be misconstrued as financial counsel.
OANDA:XAUUSD
by tradingwithanthony
2
QUESTIONS I have for GOLD | GOLD IS A MONSTERDo you think zones create price? or price creates zones? It is a question most traders would never ponder right? Be honest, have you? I ask myself this question rather frequently and the more I ask it the more I realize that it makes more sense that price creates the zones. The reason this is important is because if we know that zones are being created with price we know that there is a high level of manipulation that occur at the very zones many traders believe can hold. Think about it - why do you think gold would have destroyed that high so beautifully last night? it is very likely because traders would have been induced to sell off the ATH (all time high) as they would have done so 3 times in the past 3 years. The dealer knows this and will take full advantage of it. Your job as a trader is simple - ask as many questions about what you are looking at as possible because it is asking the relevant questions you get relevant answers or close to relevant as possible. So now, I have to ask - do you ask a lot of questions when you produce your analysis? or do you simple make your drawing, make your assumption and then prepare for entry? If it is the latter I believe this is the wrong way and is more rooted in guessing than analyzing. I'm not saying you need to be like me and explain everything down to the T but I do believe we can ask more questions about what it is we are looking at - this in turn should give us a better idea of what is likely to occur without feeling like we are taking shots in the dark. In closing - I will be watching gold for a temporary sell if this momentum can continue however I am still constantly wondering what is the reason the dealer would show sells in such a bullish market after just surging through the high, buys remain elusive at this time but I will update if I see a buy. Downvote\Don't boost if you didn't read\listen to this entire post and don't understand OR Upvote\Boost if you did read\listen to this entire post and do understand Follow me for more breakdowns like this
OANDA:XAUUSD
by Brandon_evo4
2
GOLD LOL - Heavy Manipulation on GOLD | Saw it coming days ago!Hey guys what's up Brandon here, @ekatatrading, this idea isn't to give a signal - it is more so to give my understanding of why I thought that gold could do something like this weeks ago, I will link these Tradingview ideas in this post. Sellers really didn't understand that any sell they would have taken would have been an induction, it didn't mean that you couldn't sell - it simply meant that you had to be aware that the sell would have been temporary, this is something that I would have mentioned in EVERY SINGLE POST I MADE REGARDING SELLS in any way on gold. The sell was always meant to be a short term thing on gold because again as we know - the gold market is and always has been bullish. Given the circumstances now - I highly advise against placing trades in ANY DIRECTION on gold - whether it be buys or sells, as if you just check most brokers you'd probably realize the spreads are much wider than normal and gold is easily jumping hundreds of pips in literal seconds. Not good for an entry in my professional opinion. Just imagine, other "professionals" are telling you to sell now because again they don't realize that it's still very much a heavy induction (manipulation) and here I am - just a simple guy who likes explaining what I see, telling you that trading now may not be the best idea. It's also quite interesting, most people won't read this entire post and an even smaller percentage of people who actually take the time to read what I am saying will take me seriously, but I guess that's why a small group of traders actually make all the money in this industry right? The money has to come from somewhere lol Downvote\ don't boost if you didn't read this entire post and don't understand OR Upvote\ boost if you did read this entire post and do understand Follow to see more heavy in-depth analysis like this in the future - I don't sell signals, I give my analysis here on Tradingview FOR FREE! Can your signal provider do that?
OANDA:XAUUSDLong
by Brandon_evo4
2
GOLD remains a BULL Market despite SELLERS desires"NEVER GO AGAINST THE MOMENTUM UNLESS A REVERSAL IS CLEAR" - @ekatatrading \ Brandon Abass This is a law that I have created for myself many years ago and it continues to serve me to this day - like I would have mentioned earlier today I missed my opportunity to buy but never the less the law holds true. Please Note - this is not me telling you to BUY here but I am saying Don't sell lol Selling at this point in time on gold in my opinion is extremely dangerous as it is a very very obvious level in which sellers would be interested - Now if you are ok with being like everyone else & getting results like everyone else...then YES, ABSOLUTELY SELL HERE NOW! But at some point we have to stop and take charge of our own decisions and realize that following what everyone else will do in certain scenarios is what is leading you astray. GOLD at the end of the day is a bull market and if you are selling - I'm sorry but I got some news for you buddy, you may win today but it will take back that money from you at some point very very soon unless you understand the absolute flow of things. NOW, this may seem like a pretty ignorant statement without me covering different trader styles, maybe you want to sell and not hold for very like in the sense of doing a scalp type trade..this could work if your timing is very good and you are aware that the sell will be very temporary and is extremely dangerous but I've seen some traders selling with take profits back at the 2000 level - if gold gets back down there well we definitely have a problem for buyers. All in all - let the momentum tell you what is likely to occur rather than guessing and calling it "an analysis". Godspeed to all sellers, may the odds be in your favor Downvote\don't boost if you didn't listen and or read this entire post and don't understand OR Upvote\boost if you did listen and or read this entire post and do understand
OANDA:XAUUSDLong
by Brandon_evo4
GOLD MORE BUYS? - Maybe Not Yet - Destroy buyers FIRST!Given that gold would have bought really aggressively yesterday after destroying sellers at the previous high, I believe the dealer needs to take the opposite side of things temporarily. What I mean by this is that the dealer needs to worry about traders who now ACTUALLY have the direction correct (BUY) In a bull market buyers WILL win if they can get their entries right OR they have enough patience to endure a lot of drawdown. The dealer knows this and in a bull market - BUYERS will always be a problem for the dealer (the opposite holds to be true in a bear market about sellers). That being said - it makes sense (in my opinion) to not only induce buyers now but to get rid of them as well and even get some sellers on board because if the dealer had enough liquidity to buy the market, guess what - that is exactly what he'd be doing Exhibit A - The bull move from yesterday That being said - I think it makes sense for the dealer to drive price a bit bearish at this point so that he can now build liquidity out of thin air by not only getting sellers back on board within this gold market but by also getting rid of buyers who had less than ideal stops along the bull move of yesterday Continuing to look for buys at this point would be dangerous (in my opinion) as it is not only NOT bullish enough to facilitate buys but it isn't buying at all as of the time of me writing this Personally I'd like to see price drop a bit more before considering more buys What do you think? Downvote\don't boost if you didn't read\listen to this entire post and don't understand OR Upvote\boost if you did read\listen to this entire post and do understand
OANDA:XAUUSDShort
by Brandon_evo4
GOLD Upexpected (FOR ME) push up - What could it mean?Hey guys Brandon here, ekatatrading..So I wanna briefly discuss what I am seeing on gold as of right now and this will very likely be my last update for the week on gold I'd be honest this bull push that is occurring right now was very unexpected FOR ME, I didn't see that coming - but I'd love to hear from the guys who will make B.S statements such as oh they absolutely did lol The facts are - Gold is in between two levels 1. The upper level in which sellers would be heavily interested AND 2. The lower level (from yesterdays low) in which buyers would have heavily bought both yesterday and today My problem is because price is literally in the middle of these two points at this time it could go either way and that creates problems for me the trader I can't discern where it is likely to go so the best bet is to sit and wait on more information I do However feel like a push up, take out sellers at the high and then crash down temporarily makes more sense for now though Downvote if you didn't listen to everything I had to say and don't understand what I am thinking OR Upvote\BOOST if you did listen to everything I had to say and do understand what I am thinking *This will show you who actually takes the time to read\listen to when someone posts an analysis*
OANDA:XAUUSD
by Brandon_evo4
Why GOLD is unlikely to move (MUCH) due to THANKSGIVINGGood Morning folks Brandon here, Ekatatrading..Gold may be moving into a slow period..Possible consolidation Today is a US bank holiday due to Thanksgiving This doesn't mean that GOLD won't move But truth be told I am not seeing any clear induction at this time which means to me - Everyone is actively being induced (both buyers and sellers) My play today is to watch gold and wait for it to show me a better hand Until then, see you guys tomorrow
OANDA:XAUUSD
by Brandon_evo4
GOLD Absolutely DESTROYS Sellers - As PredictedHey guys what's up Brandon here, ekatatrading. So I am here to discuss what really happened today through my own views. Now the first thing we must establish is that gold overall is a bull market..do we agree with this? Yes? ok good.. That being said - if that is the case, ultimately buys SHOULD make sense when the opportunity presents itself right? I see most traders all the time ignoring the momentum in hopes of catching the absolutely highest high for a sell or the lowest low for a buy - THE PROBLEM WITH THIS IS - how do you know where the highest high or the lowest low is? One trader responded to me by saying - "if I have to ask, it's because I haven't mastered my tools" true story. Let me let you in on a little secret - there is NO tool that will tell you this information. Your job is to figure out to the best of your ability what is likely to happen and that is it. Now saying that I want to present you with an alternative to calling a top or bottom - it's simple really - Let the market tell you where it is going and get on for the ride..that's it. Anyone who has been following me for any amount of time will have heard me say at least once - NEVER GO AGAINST THE MOMENTUM UNLESS A REVERSAL IS CLEAR - Ekatatrading This is a law and cannot be broken...at least for me and it works really damn well. I found my entry using the M1 timeframe and as I am typing this I am still very much in the trade. I also want to let you remember - I show and discuss my losses as well (ON THE RECORD) go to my profile you'd see The trick is to make sure when you lose, it isn't the end of the world Have a great rest of your day guys
OANDA:XAUUSDLong
by Brandon_evo4
6
GOLD continues to PLUMMET - SELLS ACTIVEHey guys what's up Brandon here, Ekatatrading. Today I wish to discuss my sell on GOLD. I sold because 1. Gold is a bearish market and my LAW says to never go against the momentum unless a reversal is clear Reversal wasn't clear, momentum was bearish so sells it was. That being said around the time of me observing the GOLD market it was approaching the previous low, making me question if it was even a reversal off the previous low to begin with. Unlikely. Once I figured that it wasn't likely to reverse I began looking for sells as per my law and low and behold sell is exactly what it did - Thank God as I had lost a trade earlier this week (See Linked Idea). This trade made back pretty much everything I had lost and then some for me which is how I believe you should trade to begin with. My reasons were simple...If the market wanted to buy it had to take out the stop below the macro zone - which means it has to sell in any event right? So long as the market didn't harshly reject that low or maybe even accumulated around that low I'd feel safe to consider sells. Reason being - Why would the dealer stay at a low point for so long only to actually buy the market? Wouldn't he be giving the buyers a ridiculously good opportunity to buy? In my opinion that doesn't make sense from the dealer's perspective and further helped me to better understand what might be going on. Once I found my entry it was just about figuring out where to put my stop loss. I put my stop loss in an area where I think it is so unlikely to be hit because..as much as using a tighter stop is very attractive for your risk reward - it means nothing if you cannot stay in the trade to see that reward in the first place. As I am typing this I am still in the trade - I am about to have lunch and then pretty much relax for the rest of the day as I've cleared my day to get some rest so I can heal. I hope you understood what I was trying to say and it made some sense to you. Have a great rest of your day and an even better weekend - See you guys next week =)
OANDA:XAUUSDShort
by Brandon_evo4