XAUUSD H1 |Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 2743.79, which is a pullback resistance.
Our take profit will be at 2731.29 an overlap support that aligns with 50% Fibonacci retracement
The stop loss will be at 2752, above recent high
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Xauusd(w)
Gold in 15-Minute Time Frame: Buy Opportunity at SupportIn the 15-minute time frame, if gold pulls back to the green support zone, we could see buyers stepping in again. This could present a good opportunity to enter a long position, but only with proper confirmation. If you are currently in a short position, it would be wise to reduce your exposure as the price approaches this key support level, as buyers may take control and push the price higher.
Tuesday Market Analysis and SignalsGold rebounded after falling back to 2714. Gold is facing high-level adjustment and shock repair. Let's look at 2705/2735 for the day. The unilateral trend continues to go long.
Gold hit a new high yesterday, and the US market fell under pressure. The trend is still bullish, and the Asian market fell back to continue to go long. It is normal for gold to adjust, but the trend has not changed. The decline is to continue to give more opportunities.
The 1-hour moving average of gold is still arranged upward with a bullish golden cross, and the moving average support has moved up to around 2719. Gold fell to the lowest level of 2714 yesterday and began to stop falling and rebound. Gold has received support near 2713 and started to rise many times, and this time is no exception. If the Asian market falls back without breaking the 2713 support, continue to buy on dips. If it falls back to the moving average support near 2719, you can buy more first.
Trading strategy:
Buy near the 2719 support, and pay attention to the 2750 rise above. Short after the callback.
Gold prices continue to rise from $2,600Dear Traders!
Analyzing the gold chart on the 1-hour time frame, we can see that gold prices were relatively weak at the beginning of the trading session after closing the week at $2660 with a slight reversal, currently hovering around $2656. This reversal is due to some short-term technical factors, especially a gap opening, which prompted investors to fill in based on the fundamental technical factor and is currently doing so. In addition, the price is still reacting to the 34 EMA and the Elliott wave on the uptrend channel has not been broken yet, so the expectation is that gold prices will continue to be attractive in the near term. With the current Elliott wave trend, gold is likely to move towards higher targets if it breaks through the important resistance area of $2660.
Always analytical. Good luck traders!
Gold XAUUSD trading trend analysis on October 21, 2024At the end of last week's trading session, gold prices continued to increase strongly. Gold prices have created a new ATH after a correction to 260x. We will now trade according to the main trend. Wait for the next adjustment of gold to enter a long-term order.
Today's trading trend: BUY scalp.
Price zones to pay attention to:
BUY zone: 2703 - 2708
SELL zone: 2735 - 2740 and 2745
Wishing you a profitable and safe trading week.
Gold price on weekend (October 18)Gold prices continued to rise today and hit a new record, reaching a full $2,700 at the beginning of the session and the upward momentum is still strong.
Accordingly, gold reached a record high as it continued to be driven by safe-haven demand, due to concerns about instability surrounding the US presidential election and conflicts in the Middle East. In addition, expectations that the US Central Bank will continue to loosen monetary policy after cutting interest rates by half a percent last month are growing, also adding strength to the yellow metal. Thus, with the recent increase, gold prices have increased by more than 30% and officially "broke" the record.
In addition to concerns related to the situation in the Middle East, the US election also created instability, which continued to boost safe-haven demand for this yellow metal.
Gold prices continue to rise strongly!Hello everyone, let's update the gold price today!
Currently, the gold price is fluctuating around 2728 USD, almost unchanged from this time yesterday, although there was a slight decrease before. This shows that the purchasing power of this precious metal is still strong and stable.
The main reason for gold to maintain its position is thanks to a series of geopolitical tensions in the Middle East along with the hope that the US Federal Reserve (Fed) will continue to loosen monetary policy at its meeting in early November.
In my personal opinion, the gold price's rise has not stopped yet. Although the USD and bond yields tend to increase, the gold price still makes a spectacular breakthrough. Investors continue to put their faith in gold, expecting the price to continue to climb from now until the end of the year!
GOLD Bulls Are Still In Control. Next Stop 2800?Gold has been rallying and is at a new all time high. Looking for price to consolidate or pull back before the next rally. It's also possible we could get a breakout above recent highs.
Key Intraday Sup around 2740
Key Res 2750
If QP 2750 turns support, we will target the next large QP then the next major QP.
1st Target 2775
2nd Target 2800
XAUUSD: extending the rally on the 1H MA50.Gold is highly overbought on its 1D technical outlook (RSI = 75.334, MACD = 39.540, ADX = 45.426) but that has no effect on the short term timeframes such as on 1H, where the nearly 2 week Channel Up continues to rise. Technically it will keep extending it as long as the 1H MA50 holds. Every rebound on or below it has been around +2.50%. The last test was exactly on it (yesterday), so we remain bullish and expect at least a +2.23% rally (TP = 2,775).
See how our prior idea has worked out:
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Gold Buy or SellThis week we had alot of ATH's (All time high's back to back
Technically as Gold was in Bullish trend so we hace witnessed these also due to geopolitical tension we have seen these New ATH as investors have invested in gold now we are expecting a drop as tension in middle is losen up and drop can be seen in near times
We have a level over 2749-52 level which is fibonachi extension level so we are bullish over gold but a bearish move can be seen after 2749- 52 resistance level if we witness a rejection over there
XAUUSD / UNDER UPWARD PRESSURE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Current Trend , The price of gold continues to rise and is approaching $2,750. Despite reaching the initial target, prices are still under upward pressure.
the price is attempting to break through the $2,750 level, which represents the next significant resistance. If prices remain below $2,750, a decline is expected.
If the price declines, it is likely to reach $2,730, with a further potential drop to the demand zone between $2,724 and $2,701.
Breakout Potential , A break above $2,750 could signal further increases in price.
Historical Context , The recent breakout above the previous all-time high (ATH) of $2,685 on September 26, 2024, has driven the current upward momentum, with the market now aiming for a new ATH at $2,750.
Overall Conclusion , Gold prices are in an upward trend, with critical resistance at $2,750. A failure to break this level could lead to a pullback, but breaking through may trigger further gains.
Demand Zone : $2,724 and $2,701.
Demand Line : $2,730.
XAUUSD / UNDER MIDDLE EAST TENSION / 4H XAUUSD / 4H TIME FRAME
HELLO TRADERS
After breaking the previous all-time high (ATH) of $2,685, gold prices have continued to rise. My next targets are set at $2,750 and $2,788. The ongoing tensions in the Middle East are a significant factor contributing to the upward momentum, making it likely that gold will reach these levels.
As long as gold remains stable above the demand zone between $2,714 and $2,701, bullish pressure is expected to persist, potentially driving prices to my target levels. However, if the demand zone is breached, it could signal a decline, with prices possibly revisiting the previous ATH of $2,685.
In conclusion, as long as tensions in the Middle East continue, the overall outlook for gold suggests sustained upward pressure.
Demand Zone : $2,714 and $2,701.
New Historical Zone : $2,750 and $2,788.
Gold is surging while Crude Oil is laggingHere is a ratio chart of Gold OANDA:XAUUSD and Crude Oil $USOIL.
Historically you can see it goes to extremes. Especially in 2020 when crude oil went to zero (and negative). I cut that spike out of the chart so hopefully it shows here.
When the Global Financial Crisis in 2008-2009 hit, crude oil hit $140 and gold was low which set up the bottom of this chart on the lower-left. Crude was expensive and gold was cheap.
The opposite happened during Covid when crude plunged and gold stayed relatively calm.
These are generational trades that can make traders rich but they take too long for the average small investor to stay focused and take advantage of these setups.
With Gold now at the upper end of the range of this ratio, it is time to start looking elsewhere to protect your wealth.
Can this ratio continue higher? Yes, of course.
I point it out as a starting point for your trading. If you are just getting long gold up here now, you need to understand where the historical range is for this ratio and decide if you want energy to keep you warm and let you travel or do you want a store of money. It is always a trade-off between the two. You can't live with only one of these commodities.
Cheers.
Tim
12:33PM EST, October 22, 2024
GOLD 1H & 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today with our 1H chart hitting the bearish target at 2719 after completing the bullish targets yesterday. No cross and lock below 2719, confirmed the weighted level bounce and back into the bullish targets again, inline with our plans to buy dips.
We now still have the remaining target at 2747 left, which will be further confirmed with ema5 lock above 2739.
1H CHART ROUTE MAP
This 4H chart after completing yesterdays target, we stated that we will now look for ema5 lock above 2737 to confirm the range above or failure to lock will follow with a rejection to test the lower Goldturns for reactional bounces.
- We got the rejection with the drop into the lower Goldturn 2715, followed with the perfect bounce, like we said back into 2737. We will now look for the same again; either a cross and lock above 2737 or a rejection here for the lower Goldturn reactional bounces once again.
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 TARGET
2737 (EMA5 LOCK ABOVE 2715 WILL FURTHER CONFIRM THIS) - DONE
EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET
2760
POTENTIALLY 2779
EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
POTENTIALLY 2814
BEARISH TARGETS
2715 - DONE
2693
EMA5 CROSS AND LOCK BELOW 2693 WILL OPEN THE FOLLOWING BEARISH TARGET
2669
EMA5 CROSS AND LOCK BELOW 2669 WILL OPEN THE SWING RANGE
SWING RANGE
2640
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
XAUUSD Analysis | Charting New Territory ATH GOLD is charting new all time high territory once again this year after breaking through into the 2700s and still on a sharp ascent structure giving a high probability that we could now see 2800 by end of year. There is still a strong bullish momentum as stated but falling just short of the next quarter resistance of 2750 we could see a correction down to meet several support levels including the 50 ema which aligns with not only horizontal and dynamic support but also the middle bol band and quarter phase section of 25%.
Any long term sells are pretty much foolish at this level with the increasing likeliness that the ascent will continue I am looking to enter buys from these key support levels or potentially short term sell entries leading into these pivot zones for longs.
Ideally we will as per previous market structure see price enter a consolidation zone post a short correction to which we can scalp and gain some lower long entries before seeing price once again break through to the topside and complete the current quarter phase of 75% - 100% which would be around 2750-2800.
Gold trades sideways to resist the fallJudging from the recent retracement rhythm of gold, the retracement will not last long, and the retracement space will not be too large. It just increased the shock, but the overall trend is bullish.
Gold support is around 2729, with upper resistance around 2746 and 2757.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
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