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Xauusd(w)

Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
NYC & Asia Session Tactical OutlookThis is a dynamic interplay of levels and momentum, where NYC may set the initial tone, but Asia’s reaction will reveal if bears gain another chance or if support strengthens. Follow the signals and trade with discernment. Here’s the tactical outlook for the remaining NYC session and the upcoming Asia session for XAU/USD, with a focus on whether a short scenario might play out. NYC Session Outlook Market Context: The NYC session often sees heightened volatility, especially around major support and resistance levels. Currently, we’re seeing momentum indicators like RSI and MACD staying elevated, indicating sustained bullish strength but hinting at potential exhaustion. As prices approach the critical resistance at 2,771.66 (Fibonacci 100% extension), profit-taking may induce some pullback. Short Scenario for NYC Session: 1. Trigger for Shorts: If we see a strong bearish rejection candle at or near 2,771.66 on the 15-minute or 1-hour charts, especially with RSI crossing down below 70, this could signal a retracement. 2. Confirmation: A drop below 2,758.89 (Ichimoku Conversion Line on the 1H chart) with a bearish crossover on MACD could confirm a short bias for a quick pullback. 3. Target Zones: • TP1: 2,752.00 (immediate Fibonacci level support). • TP2: 2,746.00 (near lower Ichimoku boundary, should bearish momentum strengthen). 4. Stop-Loss: Place above 2,775.00 (recent highs and resistance buffer). Asia Session Outlook Market Context: The Asia session generally shows less aggressive movement compared to NYC, but it often reflects trends established in NYC. If NYC ends with bearish momentum, Asia could see a continuation of the pullback. Anticipated Short Continuation for Asia Session: 1. Entry: If NYC closes near support levels without a reversal back above 2,760.70, expect Asia to continue testing lower levels, potentially moving down to 2,746.00. 2. Indicator Confirmation: Look for Stochastic RSI to dip below 50 on the 1-hour chart, and for Ichimoku’s Chikou Span to cross below the price, reinforcing bearish momentum. 3. Key Supports: • Immediate Support: 2,752.00 (potential bounce level). • Deeper Target: 2,742.00 if momentum confirms through Asia. Final Call If NYC fails to break above 2,771.66 and shows bearish signals, expect a tactical short opportunity in NYC, likely continuing into Asia, with TP levels of 2,752.00 and deeper support targets around 2,746.00-2,742.00 if the sell-off gains traction. Stay vigilant for any sharp reversals; if support holds in NYC, Asia may look to buy back up to re-test recent highs.
FX:XAUUSD
by ICHIMOKUontheNILE
The Danger of Complacency in Gold’s Bullish TrendThe current sentiment around Gold is highly bullish, with traders showing a strong bias towards continued upward momentum. This optimism, however, may be breeding a sense of complacency that often precedes a major market shift. Technically, indeed, the recent break above local resistance around the $2,742-$2,745 zone gives bulls a target near $2,780, reflecting the recent momentum. Yet from a swing trading perspective, entering long at this level may carry more risk than reward. The market's potential for a significant downside reversal could present far more valuable entry points. Waiting for clear signs of a trend change, rather than chasing highs, aligns better with my risk-conscious approach, positioning to capture more meaningful moves on the downside.
OANDA:XAUUSD
by Mihai_Iacob
8
Will Three White Soldiers Lead the Way?OANDA:XAUUSD Analysis 4H Chart Current Price: 2447.215 Analysis Summary • Three White Soldiers Pattern • Volume Analysis • Overbought and Resistance Zone • Overall Bullish Trend Three White Soldiers: The chart shows a clear Three White Soldiers pattern, a strong bullish reversal candlestick formation indicating potential upward momentum. This pattern suggests consistent buying interest, as each candle closes higher than the previous one, signaling sustained demand. Volume Analysis: A closer look at volume reveals a weakening trend in the third candle of the Three White Soldiers pattern, suggesting a slight decline in buying strength: • 1st Candle: 74.889K • 2nd Candle: 134.962K • 3rd Candle: 41.235K This drop in volume in the last candle may indicate limited buying pressure, warranting caution before assuming continued upward movement. Overbought and Resistance Zone: The price is approaching a significant Overbought and Resistance Zone, which could act as a barrier to further upward movement in the short term. Combined with the lower volume in the third candle, this zone could lead to a potential consolidation or minor pullback before the next upward move. Despite this, the bullish reversal signaled by the Three White Soldiers suggests that the overall trend remains positive. Interpretation: Considering the overall bullish trend, the weakening volume in the last candle of the Three White Soldiers, and the approach to the Overbought and Resistance Zone, we anticipate the following: 1. Retracement to Support: The price may retrace down to 2739.624 before rebounding back to the Resistance Zone. 2. Potential Pullback to Ultimate Support: A further dip may take the price towards Ultimate Support at 2734.375. 3. Continued Bullish Momentum: After testing these support levels, the price is expected to resume its upward trend, with a potential breakout beyond the Resistance Zone, targeting the Extreme Overbought Zone. Key Levels to Watch: • Support: 2714.844 • Ultimate Support: 2734.375 • Retracement Level: 2739.624 • Overbought Zone: 2754.116 • Extreme Overbought: 2758.565 • Resistance: 2758.565 Overall Trend: The overall trend remains bullish, with expectations of continued upward movement following any short-term pullbacks. This analysis combines technical patterns, volume insights, and trend direction to provide a comprehensive outlook. Happy trading!
OANDA:XAUUSDLong
by SpicyPips
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Our 1H chart is idea playing out perfectly, as analysed!! As advised yesterday we got the 2746 hit, followed with ema5 cross and lock above 2746 opening 2752 and 2762. Both targets were hit today completing this range range. We will now look for ema5 lock above 2762 to open the range above or failure to lock will follow with a rejection into the lower Goldturn for support and bounce. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETR 2746 - DONE EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET 2752 - DONE 2762 - DONE BEARISH TARGETS 2736 - DONE EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2728 (DONE) - 2720 EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2707 - 2692 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
17
We continue to go long on gold todayGold continued to close strongly and stabilized at 2740. From the current market, gold bottomed out and rebounded, the bullish trend remains unchanged, and there is still room and demand for further rise. Today, gold focuses on the support below at 2731. If it falls back and relies on this support, it will continue to go long! Gold fluctuates back and forth at high levels. Gold has not been persistent recently and has been fluctuating at high levels. The 1-hour chart fluctuates at high levels. It is not meaningful to chase more now. The resistance space of gold's previous historical highs is limited. If gold breaks through the resistance of the historical highs, then it will fall back and go long. If the resistance of the historical highs is under pressure, then gold does not rule out another high and fall back, and continue to fluctuate, waiting for Friday's NFP data to find an opportunity to break through. Trading strategy: Today, pay attention to 2735~2731 for support and go long. We continue to be bullish on gold today and be cautious about shorting.
OANDA:XAUUSDLong
by Jun-goldFX
1
#XAUUSD: On the way to $2800! 600+ Pips Swing Buy**XAUUSD: 1-Hour Chart Analysis** Hello Traders, Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character. The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them. Best of luck and trade safely.
OANDA:XAUUSDLong
by Setupsfx_
22
How Much Gold Should You Hold in Your Portfolio? Gold, often referred to as a safe-haven asset, has historically been a reliable hedge against inflation, economic uncertainty, and geopolitical risks. As the global economic landscape becomes increasingly volatile, many investors are turning to gold to diversify their portfolios and protect their wealth. The Case for Gold • Inflation Hedge: Gold has traditionally been a reliable hedge against inflation. As the purchasing power of fiat currencies erodes, the value of gold tends to rise. • Diversification: Gold has a low correlation with other asset classes like stocks and bonds. This means that adding gold to your portfolio can help reduce overall risk. • Safe-Haven Asset: In times of economic turmoil or geopolitical uncertainty, investors often flock to gold as a safe-haven asset. • How Much Gold Should You Own? The optimal allocation to gold in a portfolio depends on various factors, including your risk tolerance, investment horizon, and overall financial goals. However, in the current economic climate, many experts recommend allocating a significant portion of your portfolio to gold. A 15-20% Allocation: A Prudent Choice Given the current economic uncertainty, geopolitical tensions, and inflationary pressures, many financial advisors suggest allocating 15-20% of your portfolio to gold. This allocation can provide a solid hedge against potential downside risks and help preserve your wealth over the long term. Factors to Consider: • Risk Tolerance: If you have a higher risk tolerance, you may consider a higher allocation to gold. However, it's important to balance risk and reward. • Investment Horizon: A longer investment horizon allows for a more aggressive allocation to riskier assets like stocks. However, gold can still be a valuable component of a long-term portfolio. • Market Conditions: Economic conditions, geopolitical events, and central bank policies can significantly impact the price of gold. Stay informed about these factors to adjust your allocation as needed. • Diversification: Ensure that your gold investment is part of a diversified portfolio. This means spreading your investments across various asset classes to reduce risk. • How to Invest in Gold There are several ways to invest in gold: • Physical Gold: Buying physical gold in the form of coins or bars is a traditional method. However, it requires secure storage. • Gold ETFs: Gold exchange-traded funds (ETFs) provide a convenient way to invest in gold without the hassle of physical storage. • Gold Mining Stocks: Investing in gold mining companies can offer exposure to the gold market, but it comes with additional risks associated with the mining industry. • Conclusion In conclusion, while gold may not offer the same potential for high returns as other asset classes, it can be a valuable tool for risk management and wealth preservation. By allocating a significant portion of your portfolio to gold, you can protect your wealth against a range of risks and secure your financial future.
OANDA:XAUUSDLong
by bryandowningqln
XAU/USD : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last week, before filling the gap between $2715.5 and $2716.5, the price started rising from the $2717 area and managed to reach $2747.7. After closing at this level on Friday, we saw that over the weekend, with global markets closed, Israel launched its attack on Iran. However, since this attack was lighter than expected, the markets opened today with a large negative gap in gold. The price opened around $2734, with over a 130-pip gap, but within a few hours, this gap was filled as the price rose to $2744. As you can see on the chart, there are currently two remaining price gaps. One is between $2715.5 and $2716.5, and the other is between $2744.5 and $2747.2. Which gap do you think will be filled first? Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
23
XAUUSD: Beware of the pullback, sell at high today, target 2730The trend of gold perfectly replicated my idea yesterday. I explained yesterday's trading strategy and future gold price trend very clearly. Yesterday's closing price is very important to the future trend of gold. If the price can close above 2740-2735, the gold price will start to rise. Otherwise, it will continue to adjust if it closes below. Yesterday’s closing price was just above 2740, and today’s opening price continued to rise, with the highest point once again reaching the historical high of 2757. Next, I don’t think gold will directly set a new historical high again, because the monthly NFP data will be released this week. It is unlikely that it will set a new high before the data is released. There is a high probability that it will adjust first and then when the data is released. Refresh the high of 2757. As for today's trading direction, I think it is feasible to choose to short at a high level
TVC:GOLDShort
by AntonyTP
1
Gold Analysis ==>>Common Gap==>>Short term!!!Gold ( OANDA:XAUUSD ) has Re-entered the Potential Reversal Zone(PRZ) . Today, I want to analyze Gold for you in the 15-minute time frame . According to Elliott's wave theory , Gold seems to be completing microwave 4 . Wave 5 can fill the Common Gap($2,747.215-$2,746.010) . I expect Gold to rise at least to the upper lines of the ascending channel(small) in the coming hours. ⚠️Note: If Gold goes below the Support zone($2,738-$2,734), we should expect more dumps.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
1
Gold Targeting 2,758 - Buying OpportunityGold (XAUUSD) is in an uptrend, reinforced by the EMA (34 and 89) lines below the price and a strong upward trendline as support. The key resistance level at 2,758.006 is likely the next target. If the price slightly retraces to the trendline and rebounds, or if it breaks through this resistance, the uptrend is expected to strengthen. This presents a potential buying opportunity if the price reacts positively at the trendline or gives a clear breakout signal at resistance. Investors should monitor upcoming economic events, as these could cause significant volatility in gold prices.
OANDA:XAUUSDLong
by Zola_Hello
Gold Price Potential Upside with a Bullish Channelhello guys. Uptrend Structure: The price remains in a strong upward channel, with consistently higher highs and higher lows, indicating a bullish trend. Resistance Levels: Immediate resistance around the $2,747 zone; a breakout here could lead to a rally towards the top of the channel. Support Zones: Multiple support zones have formed, with notable levels around $2,730 and $2,714, acting as potential bounce areas if the price pulls back. Engulfing Pattern: Minor engulfing observed, showing strong buying interest, which adds to the bullish outlook. Next Move: A continuation within the channel is likely, with the potential for a breakout if momentum strengthens, signaling further gains.
OANDA:XAUUSDLong
by melikatrader94
13
XAUUSD:29/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2800, support below 2700 Four-hour resistance 2760, support below 2733 Gold operation suggestions: From the current market trend, we will rely on the 4-hour level support to arrange long orders. The upward trend channel support is near 2735-38. It is our opportunity to arrange long orders near this position. The upper pressure opportunity is 2758-2762. At present, shorting in such a market is only a small decline and accumulation of momentum. Wait patiently for the key point to enter the market. BUY:2733near SL:2730 BUY:2739near SL:2735 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
King Dollar Reigns Supreme: DXY Strategic Outlook🔸Hello guys, today let's review D1 price chart for DXY. We are trading inside well-defined multi year range, currently closing in on range highs. 🔸Every EURUSD trader need to study this chart and bookmark it in order to time his entries/exits for EURUSD. Dollar still reigns supreme. 🔸Range lows defined at 100.00 , range highs set at 106.75. This is the active trading range for DXY since early 2023 it's well-defined and it's very unlikely that price will exit this range any time soon so traders should focus on trading based on key s/r levels on the DXY price chart. 🔸Key Zones: S 100.25 / 101.25 / 102.75 R 105.25 / 106.50 🔸Currently I'm expecting pullback from overhead resistance 105.25 is the critical level where we can expect pullback in DXY, so that's when you want to also go LONG EURUSD, when DXY maxes out / enters pullback stage of the cycle. 🔸Recommended strategy position traders: when DXY hits resistance at 105.25, BUY/HOLD EURUSD, target is 200/300 pips on BUY side for EURUSD. Once the pullback in DXY is over/complete at 102.70, short EURUSD, final target on sell side for EURUSD is 1.0500. Good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:DXYLong
by ProjectSyndicate
11
XAU/USD 29 October 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 27 October 2024. -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists amid the Fed’s dovish tone and heightened geopolitical tensions, solidifying its safe-haven appeal. Price has printed a bearish Change of Character (CHoCH), signaling, but not yet confirming, the start of bearish pullback phase. Intraday Expectation: Despite the bearish CHoCH, price has yet to pull back into the internal 50% EQ discount. We could see a reaction at the H4 supply level before any confirmation of bearish pullback initiation. Technical Note: The strong high at 2,758.525 is anticipated to remain protected. However, with CHoCH positioning on the daily timeframe somewhat distant, price may print a bullish iBOS in the near term to align with the daily timeframe’s movement. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/intraday expectation remains the same as analysis dated 24 October 2024. Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase. As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance. Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range. Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also react at nested H4 and M15 supply levels before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2