Xauusd-trend
GOLD h1 chart analysis 100%Follow the instructions.
If the price consolidates between $2502 and $2505, gold may touch the $2494 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH).
Bullish Opportunities:
1. 2500 - 2502
2. 2477 - 2487
Bearish Opportunities:
1. 2510 - 2512
2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high).
Possibility:
waiting for geopolitical situation as it getting worsting.
I'll Update as it needs to be updated.
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Xauusd buy confirm signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2519
Support 2530
Support 2535
Resistance 2512
Resistance 2505
GOLD 4H / Bullish Volume...Gold Futures Rise as Long-Term Outlook Remains Positive
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume
Bullish Scenario:
Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466
Bearish Scenario:
Stabilization below 2420 could support a decline to 2408 and should break 2397
Key Levels:
- Pivot Line: 2428
- Resistance Levels: 2441, 2450, 2466
- Support Levels: 2420, 2408, 2379
Today's Expected Trading Range is between 2420 and 2466
Tendency: Bullish trend above 2428 - 2420
previous idea:
Xauusd up trend XAU/USD is currently showing signs of an upward trend, moving from a price of 2383 to 2400. This bullish movement can be attributed to the latest data on initial jobless claims, which may have positively impacted market sentiment towards gold. Investors often turn to safe-haven assets like gold in times of economic uncertainty, and a decrease in jobless claims could hint at a stronger economy, driving demand for gold and pushing its price higher. As a result, XAU/USD is experiencing an upward momentum, reflecting the current market conditions influenced by the initial jobless claim data.
XAUUSD -Anticipating a Pullback and Subsequence Drop - 30minsHi everyone,
I hope you have a great week of trading ahead and enjoyed my previous market analysis, which saw a gain of 370 pips from a short position at 2369 to 2332. For this week, we anticipate a drop in gold prices, though it may not occur immediately and could happen after a few days of range-bound movement.
There is strong resistance at the 2331-2336 level. We expect gold to pull back to this range before declining further. After this range, we foresee a drop to 2307, 2296, and 2287. Please note that this is not financial advice, but rather my analysis for the upcoming week.
Check the attached chart and kindly share your valuable comments.
Gold Price Dynamics and Key Levels for TradingTechnical Analysis: Gold
The gold price reversal has successfully propelled the price upwards from 2302, continuing its ascent towards 2337 and 2342.
Current Outlook:
The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337.
Bullish Scenario:
For an uptrend to initiate, the price must remain stable above 2328 and 2320, potentially advancing towards 2337. Stability above 2342 would further support a bullish push, with potential fluctuations between 2342 and 2357.
Bearish Scenario:
A drop in price and stabilization below 2320, confirmed by the close of a 4-hour candle, would indicate a downtrend towards 2302 and 2292.
Key Levels:
- Pivot Line: 2328
- Resistance Levels: 2340, 2357, 2365
- Support Levels: 2320, 2311, 2302
Today's Expected Range:
The anticipated trading range for today is between the support level at 2320 and the resistance level at 2357.
previous idea:
oil crudewe anticipate a long term buy for crude oil based on the following analysis of crude oil which is an amalgamation of both fundamental technical analysis.
WTI crude oil continues its upward trajectory, with hourly prices testing the upper bounds of the ascending channel. If the short-term ceiling holds, prices could still experience a rapid pullback.
The 38.2% Fibonacci retracement level stands at $80.02, with larger pullbacks potentially reaching the 50% level at $79.51, followed by the 61.8% level at $78.99 near the channel bottom and the 200-day SMA dynamic inflection point.
The stochastic oscillator dropping from overbought territory indicates rising selling pressure, with room for oscillators to decline further before reflecting bearish exhaustion, which suggests that the correction could persist until such exhaustion is observed.
The RSI is also trending downward, indicating that crude oil prices may follow suit until oversold conditions are met and oscillators rebound.
However, the overall structure shows the 100 SMA above the 200 SMA, confirming that the path of least resistance remains upward, or that support levels are more likely to hold than break. In this scenario, oil prices may continue to rise toward the swing highs around $81.69 or higher. In terms of trading strategy, it is recommended to buy the dips.
ENTRY ; 80.00
tp 85
sl 78.80
risk reward ratio ; 120;500 (approximately 5 times more reward).
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GBPJPY The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%.
The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks of persistent inflation are diminishing. Based on this assessment, the Committee will determine how long the Bank Rate should be maintained at the current level.
Despite CPI falling to 2% in May, the Bank expects CPI to "rise slightly" in the second half of the year due to base effects from last year's energy price declines. Additionally, the Bank noted that services inflation at 5.7% was "somewhat higher" than projected in the May monetary policy report.
In terms of growth, GDP appears to have grown "more strongly than expected" in the first half of the year but remains at a quarterly growth rate of around 0.25%.
Market Outlook: We are less concerned with the timing of the BoE's first rate cut and more focused on the expected limited and gradual rate cuts. For us, the biggest issue is not necessarily the timing of the first rate cut, but the pace and extent of rate cuts after the first one. In an era of global economic fragmentation, supply-side fluctuations, and fiscal activism, 2% is the lower bound for inflation, not the upper limit. This suggests a gradual easing cycle, with rates stabilizing above pre-pandemic levels.
Gbpjpy again has a potential buy pattern and if it crosses the pivot we can first expect a down market and further a potential further downward or upward retracement.
bullish targets:
202.05
202.30
202.57
202.80
Bearish Targets:
201.50
201.28
201.02
200.80
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GOLD (It looks bearish trend) while under 2321Technical Analysis: Gold
The price will consolidated between the 2321 and 2302 zones.
Current Outlook:
The trend appears bearish for today, as the price has stabilized below 2321. As long as it remains under 2321, it is expected to touch 2302, and under it will get 2292
Bullish Scenario:
For a bullish trend to be activated, the price must break through the resistance zone between 2321 and 2327, targeting 2337 and 2357.
Bearish Scenario:
As long as the price trades below 2321, it is likely to drop to 2302. A 4-hour candle close below 2292 would suggest a further downtrend towards 2260.
Key Levels:
- Pivot Line: 2321
- Resistance Levels: 2337, 2357, 2369
- Support Levels: 2302, 2292, 2260
Today's Expected Range:
The price is anticipated to move between the support at 2278 and the resistance at 2328.
In summary, maintaining a position below 2321 supports a bearish outlook, targeting lower support levels. Conversely, breaking above the resistance zone could shift the trend to bullish, aiming for higher targets.
Gold Market Poised for Volatility Amid CPI and Fed Rate DecisionTechnical Analysis: Gold
The price reached our target from yesterday and still trades at the same zone.
Current Outlook:
The price is expected to reach 2302 and then push up again. Stability above 2321 would indicate a bullish trend. Generally, the price will consolidate between 2321 and 2302 until a breakout occurs.
Market Volatility:
Today's market will be influenced by the CPI release and the Federal Reserve's rate decision, leading to increased volatility.
Bullish Scenario:
If CPI is less than 3.4%, the price should break above 2321 to continue the bullish trend towards 2344 and 2357.
Bearish Scenario:
If CPI is more than 3.4%, the price may drop to 2302. Stability below 2311 for a 15-minute candle would indicate bearish pressure. A break below 2302 on a 4-hour candle close would target 2292 and potentially 2260.
Key Levels:
- Pivot Line: 2302
- Resistance Levels: 2333, 2357, 2377
- Support Levels: 2302, 2292, 2260
Today's Expected Range:
The price is expected to move between the support at 2292 and the resistance at 2357.
Our previous Prediction:
GOLD FORCASTThe current analysis indicates a bearish trend for XAUUSD. A retest of 2355 is expected. If it fails to hold above this level, the price is projected to decline first to 2328 and, if it stabilizes below 2328, continue to 2306. Alternatively, if it stabilizes above 2355, a bullish trend towards 2397 is anticipated. Additionally, the market is expected to be very volatile due to upcoming NFP and Unemployment news.
Key Levels:
Bullish Lines: 2355, 2397, 2412
Bearish Lines: 2328, 2306, 2281
Gold Hits Two-Week High as Bond Yields Drop US Jobs Data AwaitedTechnical Analysis
The price has successfully followed its bullish trend, reaching our target of 2369.
Today's market continues to exhibit bullish pressure, having stabilized within the bullish trend. As long as the price trades above 2357, it is expected to rise to 2369 and 2377. However, a break below 2357 could lead to a decline towards 2347 and 2344.
Bullish Scenario: If the price trades above 2357, it will likely continue its bullish trend towards 2369 and 2377. Closing at least a 1-hour candle above 2377 will further support a bullish move towards 2388 and 2397.
Bearish Scenario: The price needs to break below 2357 and stabilize beneath this level to indicate a downward trend towards 2347 and 2335.
Pivot Line: 2357
Resistance Lines: 2369, 2377, 2397
Support Lines: 2347, 2335, 2227
Today's expected price movement range is between the support level of 2347 and the resistance level of 2378.
previous idea:
Gold Reaches Two-Week High as Bond Yields Decline; US Jobs Data Awaited
Gold prices surged to a two-week high on Thursday as U.S. bond yields fell, driven by signs of a cooling labor market. This development strengthens the case for a potential interest rate cut by the Federal Reserve in September. Investors are now positioning themselves ahead of the upcoming U.S. non-farm payrolls data.
GOLD Weekly Outlook Technical Analysis of Gold
In our previous analysis, we identified a resistance level at $2,358 for gold. The price reached this level but subsequently dropped, continuing its bearish trend.
Current Week Outlook
This week, gold is expected to consolidate between $2,320 and $2,342 before breaking out in either direction.
Bearish Scenario:
If the price remains below $2,320, confirmed by a 4-hour candle close, it will likely continue its bearish trend toward $2,302. A break below $2,302 could initiate a further decline toward $2,273.
Bullish Scenario:
For a bullish trend to emerge, the price needs to stabilize above $2,357. This could propel it towards $2,378, and a break above this level would target $2,397.
Key Levels:
Pivot Price: $2,320
Resistance Levels: $2,342, $2,357, $2,378
Support Levels: $2,302, $2,286, $2,274
Anticipated Trading Range
This week, the anticipated trading range is between the support level at $2,257 and the resistance level at $2,273.
Impact of Upcoming Economic News
The gold market is expected to be strongly influenced by key economic reports this week:
Monday: ISM Manufacturing Index
Tuesday: Job Openings and Labor Turnover Survey (JOLTs)
Wednesday: ADP Employment Report
Thursday: ECB Interest Rate Decision (June)
Friday: Unemployment Rate (May) and Non-Farm Employment Report (May)
These reports could cause significant volatility in the gold market, impacting the price movements throughout the week.
GOLD FORECASTThe current analysis indicates a Bullish trend for OANDA:XAUUSD , should continue on the secondary channel till 2369, and after that stabilizing above 2369 will continue the bullish trend till 2397. otherwise stabilizing below 2369 will try to reach 2334 and 2306.
Key Levels:
Bullish Lines: 2369, 2397, 2412
Bearish Lines: 2334, 2306, 2281
XAUUSD UPDATE (Risky-ShortTrem Setup)
Hey team Hope you are Enjoying our ideas and Analysis, Today in Trading Session we are monitoring XAUUSD Looking for Bearish But there is Alot of Risks in Bearish Because That Breaks all Support levels....
XAUUSD (UPDATE)....!!
RISKY SHORT FROM ALL TIME HIGH..
Gold is trading in a Strong Uptrend but the price Failed to reach the Supply Zone 2438-2445, Which is also a Resistance Level which in Turn indicates that the market is likely that we will first see a Bearish reaction on Gold from the Resistance
Good luck Guy's.....