XAU/USD 19 April 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains unchanged since yesterday's analysis dated 18 April 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price reacted at H4 supply and subsequently reacted at H4 demand.
Price is currently between H4 supply and demand where we are seeing a battle between the bulls and bears with price printing an internal bearish CHoCH.
The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-internal: Bullish.
Price has printed a bullish iBOS which confirms internal structure is now bullish in-line with bullish swing structure.
Price then tapped into a M15 demand area where we saw a reaction.
Current intraday expectation would be for price to react at 50% EQ or M15 POI before targeting weak internal high.
M15 Chart:
Goldtradingsetup
XAU/USD 18 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price reacted at H4 supply and subsequently reacted at H4 demand.
Price is currently between H4 supply and demand where we are seeing a battle between the bulls and bears with price printing an internal bearish CHoCH.
The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-internal: Bullish.
Price has printed a bearish iBOS followed by a bullish CHoCH which indicates, but not confirms, on an intraday perspective, that pullback phase following bearish IBOS has started.
I have also mapped sub-internal structure to gain a micro-view of price where sub-internal structure is bullish.
Current intraday expectation would be for price to react at 50% EQ or H4, M15 POI before targeting weak internal low.
M15 Chart:
XAUUSD:15/4 Today’s Analysis and StrategyDaily resistance is 2374, support below is 2326-2320
Four-hour resistance is 2374, support below is 2326-2320
Gold operation advice: Last Friday, relying on the 2370 mark, the unilateral rise and breakout trend started, and then further accelerated to reach the 2390 mark. The U.S. market ushered in an accelerated surge to break through the 2400 point integer mark, and fell back under pressure near 2432 and moved quickly. fell, and started a unilateral downward trend, breaking through the bottom of 2370 and reaching around 2333. The overall price accelerated above 2400 and then quickly fell back under pressure, and the price closed below the morning rising point of 2370 to welcome a deep adjustment. From this wave of bullish upwards From the perspective of the time cycle, the current market expectations for bulls have basically been completely released. In the short term, focus on the long and short watershed below the daily line of 2320. Standing firm at 2320 is still the bull trend.
From the daily analysis, the 2320 position will be the watershed between the daily long and short strength. Above it is the 2374 pressure level. During the day, rely on this range to sell high and buy low, and wait patiently for key points to enter the market. Once 2320 breaks, the short trend will begin. !
BUY:near 2320
SELL:near 2374
XAUUSD: Gold peaked in the short term, waiting for rebound SellGold has peaked in the short term and is waiting to rebound to Sell near 2358.
There is still a lot of room for gold to fall. Driven by risk aversion last Friday, it did not rise as unstoppably as before. Instead, it surged higher and then fell. This has indicated that the gold bulls have ended and the short-term is controlled by the short-term, so If it rebounds to around 2358 today, you can sell.
The market is changing rapidly and is confusing. Sometimes we cannot be fooled by the illusion in front of us. Only by not being afraid of the clouds blocking our eyes can we see clearly behind the market.
XAU/USD 15 April 2024 Intraday AnalysisH4 analysis:
Analysis/Bias remains the same as yesterday's weekly analysis dated 14 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's relentless bullish run and continues to print all time highs.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Price has now printed a bearish CHoCH.
Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops.
H4 chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms M15 internal structure has switched bearish as all HTF's require a pullback.
Current intraday expectation would be for price react at 50% EQ or H4, M15 POI before targeting weak internal low.
M15 Chart:
XAUUSD: 12/4 strategy. Beware of extreme market conditions FriGold technical analysis
Daily resistance 2400-2450, support below 2342
Four-hour resistance 2400-2420, support below 2383
Gold operation advice: Yesterday, the technical aspect of gold ushered in a strong bottoming out by bulls after repeated consolidation around the 2347 mark and rebounded to a new high. The overall price formed a strong counter-package by bulls and once again hit a record high. The short-term gold price still continues to be extremely unilateral by bulls. trend.
Judging from the current trend, today’s lower support focuses on the 2342 and 2383 levels, the upper pressure is 2400 and the 2410-20 area, and the short-term long and short dividing line is 2383
BUY: 2382~2086
BUY: 2372~2377
I am a gold buyer. follow me!
Gold is bought at 2332-2336.
The short-term target is 2348-2355. If this position breaks through and stabilizes, move the target upward to 2365-2380 until above 2400.
The short-term lower support position is 2319. If it falls below. Look at the strong support of 2300.
Follow the trend. and boosted by news. Weak US dollar trend. Risk aversion is heating up, and all aspects of it are affecting it, making it the best time to buy gold. It’s good for buying gold.
For traders who don’t know how to operate, traders who continue to operate in the opposite direction, and traders whose accounts have suffered huge losses, remember to leave me a message to receive detailed trading signals.
GOLD-range trading
The U.S. Department of Labor's Bureau of Labor Statistics said on Wednesday that the consumer price index (CPI) rose 0.4% month-on-month in March, the same as February's increase. Gasoline prices rose 1.7% in March after rising 3.8% in February. Housing costs, including rent, rose 0.4%, the same increase as February. If Fed officials were leaning toward a rate cut at the start of the year given last year's rapid decline in inflation, the minutes showed the weight of the evidence may be shifting. Current market forecasts indicate that the probability of keeping interest rates unchanged in May is 96.8%, the probability of keeping interest rates unchanged in June has risen to 81.1%, the probability of keeping interest rates unchanged in July has risen to 55.1%, and the probability of cutting interest rates in September has also increased. Only 68.6%. Today, Thursday, pay attention to the changes in the number of initial jobless claims in the United States and the performance of PPI data in March, pay attention to the speeches of Federal Reserve officials, and pay attention to news related to the geopolitical situation in the Middle East.
Yesterday I emphasized that this CPI data is expected to be positive for the US dollar and negative for gold, so you will make profits by following the trend. However, gold is still an upward trend under risk aversion, with a maximum of 2352, and is currently fluctuating repeatedly.
We need to pay attention to this trend. I have also reminded that gold has entered the overbought risk zone before, but we cannot blindly guess the top. Without breaking through 2365, we will temporarily use 2365 as the resistance point. From a technical point of view, yesterday the daily gold line finally It ended gold’s continuous upward trend, but it has not yet fallen below the 10-day line and is still in an upward trend.
Gold is still on an upward trend for the time being, but today gold may fluctuate in a range. The 4H cycle is an obvious closing performance. 2318 is a double bottom and an important support point for the Bollinger Band.
The large range of gold today is 2318-2365, and the small range is 2318-2352. You can try to trade within the above range, set the SL, and control the position, you can increase your probability of profit.
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XAUUSD: Wait for gold to rebound and continue sellingThese past few days, I've been consistently pointing out that gold has reached its peak, and today is no exception. I'm preparing to sell again at the rebound high around 2342-2340.
From a technical perspective, the current hourly moving average for gold has started to turn, and the MACD indicator has formed a death cross pattern. Additionally, it has already broken below the support of the dual moving averages and is being suppressed by a downward trendline. The fact that it rebounded this morning to 2346 and then fell under pressure again indicates a high likelihood of continued oscillation and decline. So, we shouldn't rush; instead, we should patiently wait for the rebound to around 2340 before selling again.
After each market movement, it's a baptism for those involved. Some are overjoyed, while others are once again taught a lesson by the market. Market trends change in an instant; sometimes, within a second, the trend can shift. That's why it's crucial not to be stubborn. If you're wrong, don't stick to it stubbornly. As the saying goes, "If you leave with a green mountain, you won't worry about firewood."
Lately, gold has been oscillating within a large range without a clear one-sided trend. In the past few days, gold has been fluctuating back and forth. Since it can't break new highs, it's likely forming a topping pattern at high levels. Additionally, short-term indicators are starting to turn bearish. After the market's turbulence settles, a major trend will emerge. Once the major trend is established, we'll continue to thrive with the prevailing trend.
XAU/USD 11 April 2024 Intraday Analysis H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's relentless bullish run following the Fed's dovish outlook.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Bearish CHoCH is now confirmed.
Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
Bias/Analysis remains the same as yesterday's analysis dated 10 April 2024.
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
Due to the range of internal structure I have mapped sub-internal to gain a micro-view of price action.
Sub-internal structure is denoted in red with current sub-structure being bearish due to bearish iiBOS.
Price has pulled back following bearish iiBOS and reacted at premium EQ of the sub-internal range.
Current intraday expectation would be for price to target weak internal low of the sub-structure.
M15 Chart:
XAUUSD: 9/4 Today’s Analysis and StrategyGold was helped by central bank buying and geopolitical tensions, with strong economic data failing to dampen the metal's appeal.
In recent times, the price trend of gold has attracted much attention, and today the price of gold hit a new high again. Gold has had a meteoric rise over the past two weeks or so. Still, a generally positive tone for equities amid easing geopolitical tensions in the Middle East limited further gains for the safe-haven metal amid extreme jitters on the daily chart.
Ahead of this week's U.S. CPI data and the Federal Reserve meeting minutes, some bulls may choose to take profits and trigger a short-term correction in gold prices. Now that the gold price has strongly exceeded the 2350 mark, it is expected to rise towards the 2380-2400 area. There are few economic data on this trading day. We will focus on the market’s expectations for the U.S. CPI data for March that will be released on Wednesday, and pay attention to the situation in the Middle East.
gold analysis
Daily resistance is 2400, support below is 2300-2280
Four-hour resistance is 2370, support below is 2342-2330
✅Gold operation suggestions: Judging from the current market trend, focus on the strong support of 2328-2330 below, and the short-term long and short dividing line of 2328. Go long when reaching strong support, gold breaks through history again, short sellers will not participate for the time being
BUY:near 2330
BUY:near 2340
Technical analysis only provides trading direction!
GOLD SELL | Idea Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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XAUUSD:CPI is coming, what should we do? two strategiesFirst, let’s take a look at the current situation of gold:
At present, the 30-minute moving average of gold has begun to turn, and the strength of the rise has gradually become insufficient. In the past two days, gold has begun to no longer be unilaterally strong, and has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and failed to break through new highs. Due to The rebound highs of gold are successively lower. If the rebound does not break new highs, you should be bearish on it. On the contrary, if it breaks new highs, you should adjust the direction in time and wait for opportunities to be bullish. Therefore, combined with the current market resistance and support, I give the following operational views for your reference!
The soon-to-be-released CPI data is important data, and gold will fluctuate greatly by then. The short-selling strategy is that if the data does not break through to a new high after the data is released, then short gold in the range of 2365-2360, the high point, or you can set a limit order in advance. .
If the CPI data exceeds expectations and directly breaks through the historical high, do not chase the rise and just look for the right buying opportunity.
The above are all my thoughts for today, I wish you all good luck!
Gold Rush 2.0: Will the Metal Continue its Climb?Gold has been on a tear in 2024 fueled by a confluence of global uncertainties, the precious metal has seen its price surge nearly 20% since mid-February, reaching a series of all-time highs.expand_more But according to macro fund managers interviewed by Bloomberg, this rally might just be getting started.
The Allure of Gold: A Safe Haven in Tumultuous Times
Gold has historically been a safe-haven asset, a reliable store of value during times of economic or political instability.expand_more Investors flock to gold when traditional investments like stocks and bonds become volatile.expand_more This is precisely what we're witnessing in the current market climate.
• Geopolitical Tensions: The ongoing conflict in the Middle East and the simmering tensions between Russia and Ukraine are creating a sense of unease on the global stage. Investors seek the stability that gold offers during such periods.expand_more
• Inflationary Pressures: Inflationary concerns are rising worldwide.expand_more As the purchasing power of fiat currencies erodes, gold, with its long history of holding its value, becomes a more attractive investment.expand_more
• Central Bank Policy: The Federal Reserve's potential interest rate cuts this year are another factor driving investors towards gold.expand_more Lower interest rates decrease the opportunity cost of holding non-interest-bearing assets like gold, making them relatively more appealing.expand_more
Macro Fund Managers See Further Upside
Macro fund managers interviewed by Bloomberg are bullish on gold's future. They believe the factors currently driving the price increase are likely to persist, fueling further gains.expand_more Here's a closer look at their reasoning:
• Persistent Geopolitical Tensions: Unfortunately, there's no clear resolution in sight for the ongoing geopolitical conflicts. These tensions are likely to continue feeding the demand for safe-haven assets like gold.expand_more
• Inflationary Trajectory: Global inflation is expected to remain elevated for the foreseeable future.expand_more This will continue to push investors towards gold as a hedge against inflation.
• Central Bank Dovishness: If central banks maintain a dovish stance on interest rates, it will further bolster the appeal of gold.expand_more
Beyond the Bullish Sentiment: Examining the Landscape
While the outlook for gold appears optimistic, there are other factors to consider:
• Strength of the US Dollar: The US dollar, often seen as a competitor to gold, remains relatively strong.expand_more A significant weakening of the dollar could further accelerate gold's rise.expand_more
• Stock Market Performance: A strong rebound in the stock market could potentially pull some investors away from gold. However, the current market volatility suggests that such a rebound might be unlikely in the near future.
• Consumer Demand: Gold's allure extends beyond its role as an investment. Physical demand for gold in jewelry and other applications can also influence the price.expand_more
Gold vs. Other Safe-Haven Assets:
While gold is the traditional safe-haven asset of choice, investors also consider other options, such as:
• Treasury Bonds: Investors seeking low-risk alternatives might favor US Treasury bonds, especially if they anticipate interest rate cuts.
• Cryptocurrencies: Bitcoin, often touted as "digital gold," has seen increased adoption as a safe-haven asset in recent years.expand_more However, its inherent volatility may deter some investors.
The Final Verdict: A Golden Opportunity or a Glimmering Bubble?
The near-20% surge in gold prices since mid-February presents an intriguing opportunity for investors.expand_more However, the future trajectory remains uncertain. Carefully consider your risk tolerance, investment goals, and overall portfolio allocation before making any decisions.
Investing in Gold: A Look at the Options
There are several ways to invest in gold:
• Physical Gold: Purchasing physical gold bars or coins offers direct ownership of the metal.expand_more However, storage and security costs need to be factored in.
• Gold ETFs (Exchange-Traded Funds): These offer a convenient and cost-effective way to invest in gold without the hassle of physical storage.expand_more
• Gold Mining Stocks: Investing in gold mining companies can offer leveraged exposure to gold price movements.expand_more However, this route comes with additional risks associated with the company itself.exclamation
Conclusion: Weighing the Evidence
Gold's recent price surge and the optimistic outlook from macro fund managers suggest that the yellow metal's ascent might not be over.expand_more However, a multitude of factors can influence its price.expand_more By staying informed about global events, economic data, and central bank policies, investors can make informed decisions about whether to include gold in their portfolios.expand_more Remember, diversification is key, and gold should be viewed as a complementary asset class rather than a standalone investment.expand_more
XAU/USD 10 April 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the same as yesterday's analysis dated 09 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's relentless bullish run following the Fed's dovish outlook.
Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
Due to the range of internal structure I have mapped sub-internal to gain a micro-view of price action.
Sub-internal structure is denoted in red with current sub-structure being bearish due to bearish iiBOS.
Price has pulled back following bearish iiBOS and reacted at premium EQ of the sub-internal range.
Current intraday expectation would be for price to target weak internal low of the sub-structure.
M15 Chart:
GC Gold triangle and or IHS in makingGold have been forming either a Triangle and or IHS pattern on charts. Gold in worse case scenario can make low between 1890-1928 range and this will be great buying opportunity for long term.
If Gold manger to form any one of the pattern above the ultimate target will be USD2311.
XAUUSD: 8/4 Today’s Analysis and StrategyDaily resistance is 2354, support below is 2300-2276
Four-hour resistance 2342-54, support below 2300-2276
Gold operation advice: From the perspective of the general cycle trend of gold, the gold weekly maintains an upward trend, with high points being refreshed again and again, with the target targeting 2400. Although there is hope that it will continue to break through, it will take time. The weekly trend has been rising in recent weeks. Large fluctuations, but the general direction remains unchanged
On Monday, gold opened lower and hit a low near 2304. Today, focus on the 2300 integer and 2276 support below. The upper resistance is 2342 and 2354. The short-term long-short dividing line is 2305. Fall back to this position and continue to go long.
BUY:2305 near
BUY:2276 near
SELL:2354 near