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SasanSeifi|Breaking $2.50, A Bullish Signal for LongTerm Growth! Hey there,On the 3-day timeframe, the price has been consolidating near its bottom range. If the price can break above $2.50 and hold this level, there’s potential for growth towards $4.00 and $4.50 in the medium term. Long-Term Outlook: After a pullback, the price may resume its uptrend, targeting $5.50, $6.50, and potentially $8.00 in the long term. The key support level for this analysis is $1.50. 💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion! Happy trading!✌😎 Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌ If you want any further adjustments, just let me know!
Long
by SasanSeifi
Gold price analysis November 22Gundamental analysis Gold (XAU/USD) maintained its strong intraday gains in early European trading and is now trading near a two-week high, just below the $2,700 mark. Persistent geopolitical risks stemming from the worsening Russia-Ukraine conflict helped the safe-haven precious metal extend its weekly rally for a fifth straight day. In addition, expectations that US President-elect Donald Trump’s expansionary policies could stoke inflationary pressures turned out to be another factor in favor of the commodity, which is seen as an inflation hedge. Meanwhile, buying of the US dollar (USD) remained unabated amid growing acceptance that higher inflation could limit the scope for further rate cuts by the Federal Reserve (Fed). Furthermore, expectations of a less dovish Fed, coupled with concerns over a larger fiscal deficit, still favor rising US Treasury yields, although they have not significantly dampened the bullish sentiment around non-yielding Gold. XAU/USD bulls have even ignored the prevailing risk-on sentiment, suggesting that the path of least resistance for bullion is to the upside. Technical Analysis 2708-2710 is emerging as a technical resistance zone at the moment with corrective waves expected. 2673 and 2675 are the two targets we are aiming for. Note that today is the weekend so huge volatility is still waiting for the US session.
OANDA:XAUUSD
by TVS-Trader
SasanSeifi|Will Gold Reach Higher Targets!?Hey there, ✌Analyzing the gold chart on the 2-hour timeframe shows that after a bearish trend and reaching the 2540 level, the price entered a consolidation phase and faced demand. Following the breakout of the supply zone, the price rallied to the 2640 range. Currently, after hitting the 2640 resistance, the price has started a corrective move toward the support zone at 2620-2610. In a bullish scenario, the price is expected to target levels of 2645, 2650, 2660, and potentially 2667-2675. However, rejection and further corrections are possible from these levels. If the price breaks below 2610 and stabilizes, the likelihood of further declines toward 2600-2590 increases. On the daily timeframe, the overall outlook leans more towards a bearish move, with a target of 2500. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
FOREXCOM:XAUUSD
by SasanSeifi
[INTRADAY] #BANKNIFTY PE & CE Levels(21/11/2024)Today will be flat opening expected in banknifty. After opening if banknifty sustain above 50550 level then possible upside movement upto 50950+ level. Strong Downside fall possible if banknifty starts trading below 50450 level. This downside rally can goes upto 400-500 points. 50050 will act as a downside support for today's session. Below this support level if banknifty gives breakdown of 49950 level then possible sharp fall in market.
NSE:BANKNIFTY
by TradZoo
Gold Price Analysis November 20Fundamental Analysis Gold prices attracted some follow-through buying for the third consecutive day on Wednesday and rose to a one-and-a-half week high, around the $2,641-$2,642 region during the Asian session. Rising tensions between Russia and Ukraine continued to boost demand for traditional safe-haven assets, coupled with slowing US Dollar (USD) price action, acting as a bullish driver for the precious metal. That said, overnight comments from Russian and US officials helped ease market concerns about the onset of an all-out nuclear war, which was evident in the generally positive tone in equity markets. Additionally, a healthy rise in US Treasury yields favored USD bulls and warranted some caution before positioning for any further upside moves in Gold prices. Technical analysis The uptrend is clearly shown in the time frames and the important resistance level is at 2660-2662. Today's trading plan is mainly waiting for BUY signals when there are retest beats. Pay attention to the retest price zones noted on the chart to have a good trading strategy for yourself. Those are Fibonacci zones and also psychological zones that the market is respecting. 2622-2613-2597 are the zones to pay attention to.
OANDA:XAUUSD
by TVS-Trader
4
Gold Analysis November 19Fundamental Analysis Gold prices attracted some safe-haven flows after posting its biggest weekly decline in more than three years last week and snapped a six-day losing streak on Monday amid rising geopolitical tensions. In addition, falling US Treasury yields prompted some profit-taking in the US Dollar (USD) following its post-US election rally to fresh yearly highs and turned out to be another factor in favour of the non-yielding yellow metal. USD bulls remained on the defensive in Asian trade on Tuesday, supporting Gold’s further recovery from a two-month low touched last Thursday. Meanwhile, expectations that US President-elect Donald Trump’s policies will reignite inflationary pressures and limit the scope for further rate cuts by the Federal Reserve (Fed). This will keep US bond yields high and benefit USD speculators, which could limit XAU/USD Technical Analysis The technical resistance level of 2624 that Gold is facing will be very important in today's European trading session, the uptrend is relatively strong and there has not been much recovery in price. The 2595 zone is considered the target of all the downtrends today. The 2648-2650 zone is the main resistance zone today. In a strong uptrend, you should prioritize BUY signals at 2615 at old breakout points to have the best strategy for yourself.
OANDA:XAUUSD
by TVS-Trader
1
"Looking for a Sell Setup Near Key Supply ZoneGold (XAU/USD) is currently trading at a critical level, and I am anticipating a sell setup near 2624. The zone aligns with a potential short-term resistance level, offering a solid risk-to-reward opportunity. [* ]Entry: 2624 Stop Loss: 2630 (Above the recent high to avoid premature stop-outs) Target 1: 2610 (Initial support level where price might react) Target 2 (Full Target): 2600 (Key round number with historical significance) This setup is supported by a strong bearish rejection at the supply zone, as indicated on the chart. With geopolitical tensions continuing in the Middle East and the U.S. Federal Reserve's uncertain policy outlook, gold's price is showing signs of exhaustion at higher levels.
OANDA:XAUUSDShort
by bluechipfx
Gold Price Analysis November 18Fundamental Analysis Gold extended its recovery to test $2,600 amid rising Russia-Ukraine tensions, ending a six-day losing streak. The latest gold rally could be due to rising Russia-Ukraine geopolitical tensions after the United States authorized Ukraine to use long-range US weapons to attack Russia. The greenback’s rally following Donald Trump’s election victory could put some selling pressure on USD-denominated gold. Expectations of higher inflation next year due to Donald Trump’s policies have led to fewer expected rate cuts. In addition, traders have reduced expectations of lower interest rates in December after Fed Chairman Jerome Powell said the US central bank would not rush to cut, citing “remarkable” economic performance. Higher interest rates tend to drag gold prices lower, as it makes holding non-yielding assets like gold less attractive. Technical analysis. Gold prices have reacted at the EMA 34 zone, which is also an important dynamic resistance zone in the Asian session. The price zone of special note today is 2617-2615 at the upper boundary and the Asian session breakout support zone this morning is around 2575. The possibility of an uptrend and the formation of wave 3 has also been established according to the technical chart, so BUY signals will be prioritized today.
OANDA:XAUUSD
by TVS-Trader
2