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Wich way is next for gold?Last week 2150-2147 support showed it's power to traders. For now it's our most important support zone to watch out over. After FED gold spiked up and created a ATH sitting around level 2222 and the next day gold collapsed again towards 2155. I do think gold bulls maxed out at last 2222 ATH. In the long run gold will fall. Gold is retesting the breakout channel and i am expecting a pull back into stronger resistance zones before a fall of gold again. So in the upcoming days we must focus on longs first in the gold market. All confirmed breaks below 2145 we should consider as a strong bearish market. So shorts needs to be added after. In my opinion whe wont be seeing this in the upcoming days..yet...expecting a good range between 2195 and 2148 All arrows show on the charts are posibilities. Priceaction confirmation are important. So don't use this as signal!! Resistance: 2176, 2185, 2193 Support: 2157, 2148
OANDA:XAUUSDLong
by ForexGoldIntraday
🔖XAUUSD H4🔖 20 March 2024🔖XAU/USD, H4🔖 20 March 2024 Better-than-expected inflation data from the US prompted expectations of a hawkish tone from the Federal Reserve during its interest rate decision. Consequently, US Treasury yields climbed alongside the dollar, triggering a selloff in non-yielding assets like gold. Despite this, gold may consolidate within a range ahead of key events, with investors advised to monitor closely for further trading signals, particularly from the Fed's monetary policy decisions. Gold prices are trading lower while currently testing the support level. Suggesting the commodity might extend its losses after breakout. Resistance level: 2150.00, 2235.00📉 Support level: 2080.00, 2035.00📈
FX:XAUUSDShort
by top_fx
Silver Is Bouncing From The Support; Bullish Breakout Soon?We talked about silver (XAGUSD) in January, where we mentioned and highlighted strong support at the lower side of a triangle range. On January 26rd we shared a weekly chart of silver, where we warned about limited weakness and sideways contracting triangle range. As you can see today, silver bounced from the lower triangle line and it’s back to the upper side of a triangle range, which can be signal for a completed A-B-C-D-E bullish triangle pattern, but bullish confirmation and real bullish breakout is only above 26 region. So far we can see some nice recovery with an important move above 23.50 followed by push out of a base channel and above 24.50 on 4h time frame, which possibly that's wave (3) of 3 within an impulse, meaning more upside can be coming on silver as this one can be preparing on some major breakout of a big triangle, just be aware of short-term pullbacks.
FOREXCOM:XAGUSDLong
by ew-forecast
Gold will be Slave or Master❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking above the $2100 resistance, XAUUSD surged by 5%. How high can Gold climb? The marked red circle represents a significant resistance and overbought zone as it marks the intersection of: 1- $2250 round number. 2- Upper red trendline from weekly. 3- Upper blue trendline from daily. 🏹 Thus, the highlighted blue circle denotes a robust area to anticipate a potential reversal. And keep in mind: the bigger the impulse, the bigger the correction. Therefore, when Gold begins to trade lower, be prepared! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
OANDA:XAUUSD
by TheSignalyst
3
ATH retested. Break and fly or gold crash?Mentionend in my previous analysis that ATH will get retested. Gold hit the target! from 2090 up tp 2150 gold didn't proper pullback into support/supply zones. So many zones are fresh an untested. We bought the gold market all the way up. Atm ATH resistance keeps respecting. We can expect a cooldown for gold. Priceaction can confirm this. Divergengy also shown. Bearish targets are 2133 and 2105. Longterm maybe 2090, but it won't be an easy road back. If price manage to break above 2012 with confimations then the game changes and bulls will take over the market to create a new ATH. Targets posible 2180 and 2200. Resistance: ATH 2150 Support: 2125, 2120, 2100, 2090
OANDA:XAUUSD
by ForexGoldIntraday
Will we test ATH again. Or bull trap?Last week friday ended either in disaster or very profitable market for traders. After the break off the bearish channel and retest gold went up 400+ pips in a short time leaving multiple resistance levels in dust. Especially the 2060 level were most retail traders expected a downfall(including me) got wrecked. It was because off fundamentals, but in my opinion big players joined the market also to grab liquidity. For upcoming weeks we have some good oppertunities: Bullish scenario: 2085-2088 is last major resistance. Got tested 1 time before in higher timeframe. We can still expect a proper rejection on this level. We need to focus on posible sell off the market here and wait for the fall towards 2070, the bigger support level 2060 or last posibilty is back to the support trendline. From these levels we can expect a bullrun again. If the last resistance 2088 break with confirmation it will grow rapidly towards psycological resistance 2100 and then back to last ATH 2150!! Because there is less structures above 2088 we can expect quit some moves. Especially if it breaks ATH then gold will posible grow towards 2300! BUT.... Bearish Scenario: Keep in mind that the marketmaker moved the market up from 2055 rapidly to wipe early sellers. 2088-2090 is major resistance It is posible that the market will collapse from 2088 and eventually also breaks below 2060 were most buyers will wait to go long Early sellers already got wiped out. So maybe the marketmaker will try to wipe buyers also. We need to follow priceaction. Were we get confirmation we will take the trade. Resistance: 2088, 2100, 2150 Support: 2070, 2060
OANDA:XAUUSDLong
by ForexGoldIntraday
GOLD - Wait For It ⏱Hello TradingView Family / Fellow Traders, On Daily: Left Chart GOLD has been bullish trading within the flat channel in blue and it is currently hovering around the upper bound. On M30: Right Chart 📈 For the bears to take over, we need a momentum candle close below the last major low highlighted in gray. 📉 Meanwhile, XAUUSD would be bullish short-term and can still trade higher to test the $2100. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
OANDA:XAUUSD
by TheSignalyst
3
Old But Gold 🥇Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Gold has been overall bearish, trading within the falling wedge pattern in blue. At present, XAUUSD is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. 📚 As per my trading style: As #XAUUSD approaches the blue circle zone, I will be looking for bearish reversal setups (like a top bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OANDA:XAUUSD
by TheSignalyst
3
After bullrun bearish market will return.After the breakout off the bearish channel in H4 i adviced to go long in the gold market. Wich was accurate and gold hit both targets!. (See last analysis) What now? Price action wise. The monthly candle closed with a bearish candle. Wich indicates there will be a bearish movement on the way. Also gold manage to hit the strong resistance/supply zone around 2060-2065. From here we can expect a bearish move with targets 2042 ad 2025. In the long run posible back to 2007. We have a strong support bullish trendlne wich keeps respecting. For any further fall we need an confirmed break. Also 2030 is building strong support. But i do expect a break from both support levels. THis above is all based on technical viewpoint. Be carefull with open positions tomorrow because off NFP high impact news! Resistance: 2060, 2070 Support: 2048, 2040, 2030
OANDA:XAUUSDShort
by ForexGoldIntraday
Still bearish outlook in bigger pictureLast week after a bearish movement gold rejected around psycological support level 2000, wich is also daily support level. GOld managed to move around 380pips without a proper rejections at certain resistance levels. Posible gold moved on fundamentals because off wars going on around the world. GOld remains a save asset. Technical in the bigger picture were still in a bearish market. From my perspective i see 2 scenerio's. Next week we will focus on selling the market either from resistance level 2032 or wait for gold to climb towards around trend resistance level(yellow line) In the daily timeframe we broke out off the support and is currently retesting this zone. But we should not enter on such high timeframe and look for confirmations in lowertime frame such as m30,m15 and m5.(See updated post for the daily timeframe overview) resistance: 2032, 2040, 2050, 2070 Support: 2025, 2016, 2005, 2000
OANDA:XAUUSDShort
by ForexGoldIntraday
Golden Opportunities: Navigating the Ups and Downs of the GoldIntroduction: Hey there! Have you been keeping an eye on the gold market lately? It's been a rollercoaster ride, and there's a lot to unpack. Whether you're a seasoned gold bug or just dabbling in precious metals, understanding the recent fluctuations in gold prices is crucial. Let's dive into what's been happening with our shiny friend, gold, and explore some strategies to potentially benefit from the current market scenario. Understanding the Current Gold Market Dynamics: The Fed's Influence: The Federal Reserve is like the DJ at the gold market's party. When they crank up interest rates, gold doesn't dance as much. Why? Higher interest rates increase the opportunity cost of holding non-yielding assets like gold. Recently, the market's been buzzing with the Fed's hawkish stance, reducing expectations of an early rate cut in March 2024. This shift has put some pressure on gold prices. Economic Data – The Mood Setter: Strong U.S. economic data, including retail sales and labor market figures, have shown that the economy is still grooving strong. This resilience suggests that the Fed might keep interest rates higher for longer to manage growth and inflation. For gold, this means less glitter as investors turn to yield-bearing assets. Geopolitical Tensions – The Wild Card: Now, let's not forget the global stage. The escalating military conflict in the Middle East has been like a sudden change in the playlist, causing some investors to cling to gold as a safe-haven asset. This demand provides a floor to gold prices, preventing them from free-falling. Conclusion: The gold market is dynamic, influenced by a mix of economic policies, global events, and market sentiment. As investors and traders, staying informed and adaptable is key. Whether you're looking to diversify, buy on the dip, or just understand the market better, there's always an opportunity to shine in the gold market. Keep your eyes peeled, and who knows, you might just find your golden opportunity! Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
FXOPEN:XAUUSDShort
by legacyFXofficial
GOLD|Important supply and demand areasCurrently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation. In the first reaction to this area, it went up from the price of 2017$ to 2040$, it gave us a profit of about 230 pips. In the second reaction, collected all the liquidity at the bottom of the range and moved up 2% from there.And moved up about 450 pips. Right now we see that it is bullish in reaction to the demand range.In smaller time frames, it is more likely that it will not react to the range ahead, so if it does not confirm, do not enter the trade. There is a possibility that it will go up to the range of 2080. you can look for a sales position there. This week, look for scalp positions in smaller time frames, even though gold is very bullish this week. In the one-hour time frame, we have the supply and demand of these areas, when we reach these areas, we can have buy or sell positions.
OANDA:XAUUSDLong
by Golden_Star1994
A Bit More Downside For Silver In The Near Term?Although recently we saw a price rebound in EASYMARKETS:XAGUSD , still, the commodity remains below our 200-day EMA and a short-term downside resistance line drawn from the high of December 3rd. That said, in order to continue aiming lower, a break below the 22.51 hurdle, marked near the lows of December 13th and January 11th, would be needed. Until then, we will take a cautiously bearish approach in the near term. If, eventually, we do see a price-drop below the 22.51 zone, this will confirm a forthcoming lower low, possibly clearing the path towards the next key support area, at 21.88, which is the lowest point of November 2023. If the bears cannot stop there, the next potential target for EASYMARKETS:XAGUSD might be near the medium-term tentative upside support line taken from the lowest point of March 2023. Alternatively, a break of the previously mentioned downside line and a push above the 23.54 barrier may attract more buying interest. EASYMARKETS:XAGUSD could then travel to the 24.60 territory, marked by the high of December 22nd, where a temporary hold-up might occur. If the bulls continue to charge, this may result in a further move north, potentially aiming for the highest point of December, at 25.92. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:XAGUSD
by easyMarkets
9
Gold remains bearish. Focus on sellsGold ended last week very unstable. Because off NFP and PPI news. Gold gave big moves ranging from 200pips up to 400pips. AFter tapping the trend resistance(yellow line) gold rejecten very strong. Atm were in a bearish channel. We should respect the currenct bearish trend and focus on selling the market. 2047 is resistance, either gold fall from here or move up first for another test off the upper channel resistance. level 2032 is important for gold. It's a very strong support level. If gold manage to break this level with confirmation then add more sells immidiatly Overal midterm bearish targets are 2018 and 2007. Resistance: 2047, 2056, 2071 Support: 2031, 2017,2005
OANDA:XAUUSDShort
by ForexGoldIntraday
After retracement posible another bearish move?After the obvious head and shoulder pattern and the break off the bullish channel i adviced to keep shorting the market. Gold fell deep and we took some winning trades. 2030 is key level. If this level stays intact it will go up again. Gold eventually did reject. Atm i am focusing on the 2055 resistance level to go short again with targets such ass 2045 and 2032. Posible we will see a break off 2030, because this zone got tested multiple times. If we get proper confirmation then we need to add more sells below 2030. Resistance: 2055, 2070, 2090 Support: 2045, 2031
OANDA:XAUUSDShort
by ForexGoldIntraday
2024 Week01 analysis. What can we expect?Last week of 2023 was a good tradingweek for us. After gold fell from 2090 an broke below 2072. We sold the market. Currently gold is moving between 2 channels. 1 big bull channel(yellow) and 1 smaller bearish channel(orange) Below 2072 we need to focus on selling the market. ATM gold respected the support channel last week and gave a rejection to the upside. A better confirmation would be waiting for a proper break below off the bullish channel(yellow) Then we can add sells with first target 2047. If gold mange to push up again then wait for proper confirmation around 2072 for sells. In the long run i am focusing on 2047 for potential going long again. But we need to follow priceaction around that level. Bullish target from here are 2070, 2090 and 2100 resistance: 2072, 2090, 2100 Support: 2047, 2032, 2018
OANDA:XAUUSDShort
by ForexGoldIntraday