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Goldusd

GOLD to continue in the upward move?Gold - 24h expiry Yesterday's Marabuzo is located at 2393.5. Price action continues to trade around the all-time highs. The primary trend remains bullish. Dips continue to attract buyers. 20 4hour EMA is at 2388.4. We look to Buy at 2390.5 (stop at 2374.5) Our profit targets will be 2430.5 and 2438.5 Resistance: 2415.0 / 2424.6 / 2431.4 Support: 2405.5 / 2400.0 / 2380.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
1
GOLD ( FED CHAIR POWELL ) ( 4H )XAUUSD HELLO TRADERS Tendency active bullish after the price breakout the resistance trendline . TURNING LEVEL : a blue line between resistance and support level around 2,348$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level . RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level . SUPPORT LEVEL : there is a red line below turning level around 2,337$ , indicates buying have already increase this level , so if the price breaking turning level reach this level . PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,348$ , after rising to the resistance level around 2,378$ , then stable above this level reach 2,391$ , if the price breaking turning level reach a support level at 2,337$ , then stable by open 4h candle below this level reach a 2,320$ , know the price in the supply returned to the demand zone may be reach a turning level before long . TARGET LEVEL : RESISTANCE LEVEL : 2,378$ , 2,391$ SUPPORT LEVEL : 2,337$ , 2,320$
OANDA:XAUUSDLong
by ArinaKarayi
GOLD - Demand for fills on orders above 2400 is increasing!FYI - If you haven't been following the recent asset updates, please see profile or review the related ideas linked below. XAUUSD GOLD Despite a Timer TL breakdown and activation by a notable action candle, the asset has been unable to trade below the Timer TL action candle for over three weeks. This suggests a possible failure of the outgoing bear market takeover. Only an unexpected and drastic downslide can salvage the takeover. Without such a move, the market may gain confidence to attempt trading above 2400, where significant profit-taking is currently expected, in my opinion. In the next sessions, traders will be looking for longs on the asset as long as there is no sudden decline and the market does not trade below 2296. Coincidentally, prices are currently at the bottom level of the focused price range, inviting buyers again while being mindful of possible shakeoffs. For the price to target the top of our 'range in focus' around 2370, it must first surpass 2041, then 2389, and ultimately reach the 2416 area. At that point, a new bear market takeover scenario could be anticipated. In conclusion, the bear market takeover appears to be in its failing stages. If sellers fail to find additional resources around the red box on the chart as a last-ditch attempt to reorganize, the path of least resistance will favor the upside. It is suspected that the next significant staging levels for an assault will be above 2400 (measured at 2416). Heed your due diligence!
FXOPEN:XAUUSDLong
by FroggyFX
2
GOLD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GOLD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello 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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
1
GOLD Hits $2,300 Support Zone as Fed Officials Maintain Hawkish 🟡 Gold pushed lower to around $2,300 on Wednesday as investors weighed comments from Federal Reserve (Fed) officials, who remain hesitant to cut interest rates amid persistently high inflation. This reluctance by the Fed to reduce rates has exerted downward pressure on gold prices. However, the Commitment of Traders (COT) report reveals strong institutional interest in gold, indicating a substantial long position. Additionally, the price has reached a significant demand area that aligns with the 78.6% Fibonacci retracement level at the $2,300 support zone. This convergence of factors is further supported by a divergence, suggesting a potential bullish reversal. Given these conditions, we are considering adding another long position in gold from this point, anticipating a rebound from the current support level.
OANDA:XAUUSDLong
by FOREXN1
1
GOLD to form another higher low?XAUUSD - 24h expiry Our short term bias remains positive. Offers ample risk/reward to buy at the market. Price action continues to trade around significant highs. 50 1day EMA is at 2317.8. Trend line support is located at 2318. Setbacks should be limited to yesterday's low. The primary trend remains bullish. We look to Buy at 2319.0 (stop at 2303.0) Our profit targets will be 2359.0 and 2367.0 Resistance: 2327.3 / 2340.0 / 2355.0 Support: 2316.8 / 2306.5 / 2295.6 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
XAUUSD - Sell PositionSomeone asked how I took this position. Let me explain the different reasons: 1. Two Bullish Legs: During the Asia session, XAUUSD formed two bullish legs. This suggested a pullback to the previous pivot level, even if it continues to rise in the London and NY sessions. 2. Bearish Flag Pattern: The trading range resembled a bearish flag, indicating a likely reaction and decline from this resistance zone. 3. Weakening Momentum: In the 5m chart, the three pushes up at the end of the second leg showed signs of weakening momentum, pointing to increased selling pressure. This signaled a high probability of a pullback. These observations combined led me to anticipate a decline, making this position a strategic move based on technical analysis.
FX:XAUUSD
by Sober_Trading
4
GOLD to form a higher low?XAUUSD - 24h expiry The trend of higher lows is located at 2304. Trend line support is located at 2303. The primary trend remains bullish. We are trading at overbought extremes. Preferred trade is to buy on dips. We look to Buy at 2306.5 (stop at 2292.5) Our profit targets will be 2341.5 and 2347.5 Resistance: 2325.0 / 2341.7 / 2354.5 Support: 2316.8 / 2305.0 / 2295.6 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
1
GOLD heading for under 2300$(06/18/2024)bears in the gold market still have the upper hand and selling pressure on gold still dominates the market. we believe the current price market will reach under 2300$ (likely 2285$ and 2266$) before doing a proper correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
OANDA:XAUUSDShort
by fortunamarkets
XAUUSD - 15m Sell ScalpOn the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels. Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward movement in the gold price. Monitoring the price action closely around current levels could provide insight into whether the bearish trend will continue or if a short-term consolidation might occur before any recovery attempts.
FX:XAUUSDShort
by Sober_Trading
Gold is in a downtrend and will fall sharplyGold prices (XAU/USD) may find support at the 50 EMA in case the price breaks out of a sideways range after initially trading off the May highs. XAU/USD has broken the main uptrend line and may be in a short-term downtrend. According to the mantra "the trend is the trend", the probability of price increase will continue to decrease. The 50 EMA at 2,310 USD and the May 3 low at 2,277 USD will be the final supports before gold prices fall further. The RSI indicator also dropped, surpassing level 50, further reinforcing this scenario. On the contrary, the resistance levels to pay attention to are the EMA 20 at 2,350 USD and the main resistance is the 2,400 USD area, corresponding to the main trendline of the rising wave from the beginning of the year. To overcome these levels will require a lot of effort from buyers and enough momentum and is unlikely to happen in the short term.
TVC:GOLD
by SantaTradeGold