Gold updateGold update on m15 timeframe
For me I see gold can go up to 2750 and then retest the 2700 if it breaks the 2700 on h1 timeframe it can go down to 2658
Happy trading guys
Xauusd(w)
XAUUSD: +1100 pips move in making! Let's catch the big move? Dear Traders,
We have possibly a great chance to buy Gold as it is currently in a correction mode. After evaluating how price behaved in last two days we think there is a gap that price needs to filled before it continue the bullish momentum. Also there are big talk of ceasefire in ongoing conflict, if that happens the gold will likely to drop further than what we have identified. Please if there is sudden drop and price does come to our area, do not just enter wait for 4 hours or 2 hours candle to close before taking any entries. Also this is not a guaranteed chart analysis and this is just our view, you can use this as educational purposes. Good luck and trade safe.
Will gold keep updating higher highs upto 2800 ?Hello ligand traders ! I hope that you are doing good . Today we will talk about our gold update. As you can see gold is updating its upper boundaries levels with higher highs and higher lows .
We can draw the upward channel here . this channel is looking super aggressive for buyers .As you can see that this channel is produced from the reversal point which is 2690 zone .As this upward move is liking bubble effect , price can move down as retracement for further growth .
We can't purchase gold at high prices and also we cant sell in a strong bullish market .There is also small liquidity area constructed between 2722 and 2732. We will monitor it too . So we will closely overlook for any proper rejections from below or any possible double bottom in the ranged area. Stay tuned with ligand .
HelenP. I Gold will correct to trend line and then continue riseHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price, some time ago, rebounded from support 2, which coincided with the support zone and tried to grow but failed. After this, the price started to decline, and some time later, it reached support 2 again. Then Gold broke this support level and even fell lower support zone and reached the trend line, after which price started to grow. But firstly, the price broke the trend line and then in a short time rose to the 1-st support level, where Gold broke the trend line with this level again. Next, the price continued to move up between the trend line, and even later made a gap. Some time later Gold reached support 1, and even broke it, after which broke the trend line too and now it continues to grow higher this line. In my mind, XAUUSD will correct to the trend line, some time trades near, and then continue to move up, therefore I set my goal at 2745 points. If you like my analytics you may support me with your like/comment ❤️
Gold (XAU/USD) Upward Channel with Potential Correctionhello guys!
let's analyze GOLD!
Rising Channel: Gold is trading within a well-defined ascending channel, showing a continuous bullish trend over the medium term.
Resistance Zone: The price is nearing a significant resistance zone around $2,747, which could act as a cap on further bullish momentum.
Possible Double-Top Formation: The chart suggests the possibility of a double-top forming near the upper boundary of the channel, which may signal a short-term reversal.
Correction Expected: After testing the resistance, a pullback to the channel's lower trendline is expected. Previous support levels mark the initial downside targets, which are around $2,724 and $2,708.
Fibonacci Retracement: A deeper retracement could target the 0.618 Fibonacci level at approximately $2,691, where strong buying interest may re-emerge.
XAU/USD : $2700 Reached, What's Next ? (READ THE CAPTION)Upon reviewing the gold chart on the 4-hour timeframe, we can see that gold has finally managed to break above the $2700 level, just as we anticipated in our previous analysis. Currently, it is consolidating above this level. Note that the $2714 level is a key supply zone (based on important Fibonacci ratios) for gold, which is why the price reacted to it. However, at the moment, gold is trading around $2711, and I still expect further growth from gold unless I see otherwise on the chart, in which case I’ll update you. The next short-term targets for gold are $2727 and $2743.7. Keep an eye on how the price reacts to these levels. Also, the most important support zone for gold is between $2673 and $2688.7.
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
XAUUSD: + 1000 PIPS Buying Opportunity; One not to miss! Dear Traders,
As we predicted price to fell to 2630 region and reverse from there in our last trade setups, price did exactly that. Currently price is gathering enough liquidity and volume before it continues going up. The notable thing that I would like to point out here is we have big news coming up this week. So keep that in mind.
XAUUSD New WeekPair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
Completed " 123 " Impulsive Waves
Order Block
Fibonacci Level - 261.8%
#XAUUSD: Daily ViewPoint Will War Conflict Affect The Gold PriceDear Traders,
Gold has been in range at the moment the HH of day week it created when it reached 2670 and then dropped to 2645 level. Currently ranging between these two levels. What we are thinking here is that there is possibility that price continue the range until the friday when we have nfp. That will be crucial for the price to decide its future trend.
Gold RSI nearing resistance Intraday Update: Gold is once again at new highs and the daily RSI is nearing a descending trend line, a break of this trend line could allow for price to accelerate higher towards the bull flag completion level above 2800.
XAUUSD: Can be bullish, but beware of pullback riskGold prices have continued to rise this year, hitting new highs, even as the U.S. stock market hit a series of record highs.
Although the rise of safe-haven assets does not usually follow stocks, due to the demand of central banks and the decline in real interest rates, coupled with the constant geopolitical conflicts, gold has become the best way for investors to invest, which in turn continues to push up gold prices.
Judging from the current trend of gold prices, gold has no signs of peaking at all, and the bullish trend is very strong, but at the same time, this moment is the most dangerous.
The rise now seems to be completely abnormal. Once a certain opportunity appears, the decline will also be a waterfall.
From the 1H chart, we can see that gold does not give a big chance of callback now, which is completely different from the previous rise. This is nothing more than wanting you to keep chasing the rise at a high level.
But if you chase the rise like this, it will be very dangerous, and it is easy to chase the rise to the top of the mountain.
The 2720 position in the figure is today's opening price. If the gold price can stabilize above 2720-2725, then gold will undoubtedly continue to rise and further hit new highs. But if it falls below 2720 today, then be careful. The gold price may further test the 2700 integer mark. If 2700 falls below, it will be the beginning of a sharp correction.
So if you want to participate in the transaction today, you have to look at the situation in the 2720-2725 area. You can buy when the price stabilizes here. Otherwise, I do not recommend other trading positions.
XAUUSD: $2740 Big Move In Making! Swing BuyDear Traders,
The price reached the 2603 region, where it was necessary to fill the Fair Value Gap (FVG). Since then, the price action has exhibited a remarkably bullish trend. Both technical and fundamental indicators suggest the potential for a bullish price movement toward 2700. As the price advances, we can establish strategic take-profit levels.
A potential new buying opportunity may arise in the 2640 region, where we observe a price reversal from the order block.
We extend our best wishes for a successful trading week.
GOLD: Sell@2728-2734We closed our short position at a very opportune time. After taking profit at 2714, gold surged again, showing a strong bullish trend. Given this momentum, the market is likely to test 2730 after the next week’s opening. Therefore, I plan to hold my long position over the weekend, with my TP set at 2725. Once the price reaches the 2728-2736 range, I will consider selling again.
XAUUSD GOLD Update PLUS Technical Analysis and New Trade Idea👀👉 XAUUSD has been in a sustained bullish trend, with price action extending into new all-time highs. Given the overextended nature of the move, my suggestion is to lock in profits on existing positions. I would then wait for a potential retracement into the imbalance highlighted in the video for a possible re-entry, should market conditions align as outlined. Disclaimer: This content is for educational purposes only and should not be considered financial advice. 📊✅
Levels discussed on Livestream 21 October21st October
DXY: needs to stay above 103.40 to continue uptrend to 103.90, beyond that 104.20
NZDUSD: Sell 0.6040 SL 30 TP 60
AUDUSD: Sell 0.6635 SL 20 TP 60
GBPUSD: Sell 1.2950 SL 30 TP 130
EURUSD: Look for reaction at 1.08-1.0780 support level
USDJPY: Buy 150.50 SL 30 TP 120 (Hesitation at 150.90-151)
USDCHF: Buy 0.8680 SL 35 TP 70
USDCAD: Could climb higher, looking for reaction around 1.39
Gold: Look for retracement to complete, then continue uptrend to 2750 (needs to stay above 2700)
#Gold, C&H Pattern Target Almost ReachedGold's cup and handle pattern target, $2795, almost reached. This year gold is up 32%. Very little, only $60, left for target to be fully reached. Those who were patient won.
Gold Aiming gor 2,800 by October's CloseGold (XAU/USD) is currently experiencing a strong bullish momentum, driven by fundamental factors that are supporting its price. Given the current market conditions, we do not anticipate significant pushback in the near term.
On the daily chart, gold has been trading within an ascending channel since August 8, 2024. This channel is characterized by a tested lower line (support) that has held multiple times, while the upper boundary has been tested less frequently, indicating a robust upward trend.
Within this ascending channel, gold has also traded in two distinct neutral rectangle ranges:
- First Rectangle: $2,475 - $2,530. The price remained within this range for 22 days before breaking out, resulting in a subsequent price rise of approximately 5.5%.
- Second Rectangle: $2,630 - $2,675. The price was contained within this range for 23 days.
On October 16, 2024, gold successfully broke above the second neutral rectangle, signaling a potential continuation of the bullish trend.
If gold continues to rise and achieves an additional 5% increase from its current levels, we could see the price target around $2,800 by the end of this month. It is important to monitor this level closely, as it may present a point of reversal or profit-taking for traders.
Trading Signal For XAUUSD Trading Setup:
A Trading Signal is seen in the Gold XAUUSD (1h)
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 2673.6
⭕️SL @ 2658.0
🔵TP1 @ 2724.9
🔵TP2 @ 2756.4
🔵TP3 @ 2789.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Gold Uptrend - October 21, 2024A recent Kitco News survey shows a broad sense of optimism about the gold price outlook. The majority of experts (94%) predict further price gains, while only one analyst (6%) sees no significant change.
However, gold’s ability to maintain its value may be challenged by concerns about the US dollar, which could see demand revive as the ‘Trump rally’ is revived. Additionally, with no major US economic data due for release on Monday, the focus will remain on risk sentiment and speeches from several Fed policymakers to provide fresh impetus to gold prices.
When it comes to trading strategies for the start of this week, the priority will be given to buying in view of the Fibonacci extension on the bullish channel as mentioned on D1.
XAUUSD:21/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2750, support below 2685
Four-hour resistance 2733, support below 2721-14
Gold operation suggestions: Gold did not fall too much after opening on Monday, and continued to rise steadily, so the downward correction of gold will not be too large. If the correction is too large, it means that the rise of gold has ended. If gold falls slightly, it can continue to go long. The hourly moving average of gold continues to diverge upward. Gold fell back to 2613 several times on Friday night and began to stop falling and rise. Gold bulls continue to be strong, and gold falls back to continue to go long.
From the current market trend, today's attention is paid to the support of 2721-14 below, and the upper attention is still paid to the suppression of 2750. Gold is still in a long arrangement, the daily line has also formed a long arrangement, and the moving average system is also relatively perfect. Today we can choose to go short below the 2750 mark, and follow if the market falls. The support below the daily line moves up to the 2685-2700 mark, and wait patiently for the key points to enter the market.
BUY:2721near SL:2718
BUY:2714near SL:2711
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
XAUUSD quick pull-back is in order.Gold (XAUUSD) couldn't have gone better on our last call (October 14, see chart below) as after the expected minor pull-back to the 4H MA50 (blue trend-line), it rebounded and is on its way to our 2750 Target:
As however the 4H and 1D RSI got overbought, we expect a short-term pull-back. Especially the 4H RSI, as you see on this chart, is forming a pattern similar to the September 13 short-term peak sequence that was rejected back below the 0.236 Fibonacci retracement level but was contained/ supported above the 4H MA50.
As a result, we can take a quick sell and target 2705 (0.236 Fib). Notice though that the trend will remain bullish medium-term as long as the 4H MA50 holds, in case you don't want to engage into riskier short-term trades such as this one.
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Gold Soars but Awaits a CorrectionXAUUSD isn’t just climbing—it’s soaring like a rocket. But wait, before continuing its adventure towards the 2,780 USD mark, the market might need to 'pause' around the support zone at 2,704 USD to refuel.
The EMA 34 and EMA 89 are acting like loyal guardians, protecting the bullish trend in gold prices. If gold doesn't turn back and continues its upward journey, the bulls might start preparing for a celebration.
However, don’t celebrate too soon; the market could 'flip' at any moment if it faces unexpected resistance. Traders must always be prepared for sudden turns to avoid being left behind!
Traders should also be cautious of ongoing instability in the Middle East and Federal Reserve interest rate policies, which could further drive gold prices higher.
