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Xauusd4h

XAUUSD Longs from 2030.000 back upI find Gold intriguing, and I'll share my current perspective on this pair. Given my bullish bias, this trade idea is in alignment. The recent price movement, with a shift in character and substantial liquidity sweep, has formed a compelling demand zone on the 16-hour chart. I'm now waiting for a re-accumulation within this zone, coupled with a liquidity sweep around 2030.000, before considering buy positions. Alternatively, if price continues its ascent toward the 4-hour supply zone without an immediate retracement, I'll anticipate a bearish reaction. In this scenario, I'll be interested in sell opportunities to ride the price down towards a demand zone and align with the overall trend. My confluences for Gold Buys are as follows: - A 16hr demand zone below triggered a new CHOCH to the upside. - The overall short-term and long-term trend is bullish, aligning with this idea. - Imbalance above the demand signals a favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - After a CHOCH I'm expecting a pullback and retracement for price to keep going up. - There is an untouched asian low inside my zone once swept could expect a reaction. - I also expect the dollar to keep dropping indicating that gold will keep going up. P.S. As these are the two closest opportunities to the current price, I acknowledge that price might surpass these zones to reach a more favourable one, such as the significant daily demand below the 16-hour chart. Can't stress enough that adaptability enables a comprehensive perspective in navigating the markets so always weigh up other possibilities. Have a great week ahead traders!
OANDA:XAUUSDLong
by Hassan_fx
2
Gold OverviewTechnically, Gold's recent bounce from the 50-day SMA and positive momentum on the daily chart favor bullish sentiments. Caution is advised for a sustained breakthrough above $2,040-$2,042 USD, signaling potential upward movement towards $2,064 USD and $2,077 USD. Conversely, a breach below the defending $2,022 USD level could trigger bearish momentum, targeting $2,000 USD and potentially extending towards $1,973 USD before reaching the confluence zone around $1,965-$1,963 USD.
FXOPEN:XAUUSD
by AdmamTrade
Gold Stabilizes around $2,030, Awaits U.S. CPI Figures on ThursdGold prices grapple to gather any significant upward momentum following the recent retreat from the $2,040 region, exhibiting narrow trading ranges during the Asian trading session on Wednesday. Traders appear somewhat reluctant, preferring to await the latest CPI figures set to be unveiled on Thursday before committing to new directions. XAU/USD trades around $2,030, retreating from the day's peak at $2,042.09. Technical indicators on the daily chart hint at a downside risk, with the pair hovering below the 20-day Simple Moving Average (SMA). Meanwhile, the convergence of the SMA 100 and 200 around $1,962 provides substantial long-term support. Despite a slight turn in certain technical indicators, they remain neutral, lacking the robust momentum to confirm a further southward trajectory. However, in the short term and as per the 4-hour chart, a bearish trend seems dominant. The pair trades below all its moving averages while technical indicators display downward pressure below their midlines. The SMA 20 acts as a downward pivot amid longer SMAs, establishing a short-term resistance level around $2,036. Support Levels: $2,016.60, $1,998.65, $1,987.20 Resistance Levels: $2,036.00, $2,052.30, $2,065.45
FXOPEN:XAUUSD
by AdmamTrade
Today's Gold Price Forecast and Analysis:Despite the U.S. dollar's rebound post stronger-than-expected U.S. employment data, "XAU/USD" maintains an upward trajectory and could sustain it unless it declines below $2,000 or $1,985 per ounce. Consequently, escalating global political tensions and central banks' preventive buying to hedge risks will remain supportive factors for the gold market in the foreseeable future. Moreover, any downturn in gold prices will be viewed as a buying opportunity. Currently, the nearest resistance levels for gold are at $2,045 and $2,070 respectively.
FXOPEN:XAUUSD
by AdmamTrade
1
Xauusd trend analysis for next week I think it's hard to predict gold prices next week. However, I propose the following two scenarios for gold prices: Analyzing the H4 timeframe, I found: Important key levels for next week are: 2035-2039 (bold areas) 1/ If this Keyleve area still holds the price, I think the price of gold will continue to rise and will rise to the starting point of the last wave of downtrend, which is this area: 2076-2079 (white arrow) 2/If this Keyleve area is broken, the gold price may fall to the starting point of the previous wave of rise, that is, this area: 2016-2019. There will be very important CPI news next Thursday, which may determine the trend of gold prices. I will update every working day with any in-depth analysis. Last week I almost perfectly judged the trend of gold and gave a good trading trend. After Friday's non-agricultural trading helped everyone avoid fluctuations, I successfully made profits under my trading strategy. I will actively update my thoughts. Like it. Everyone likes and gives me likes. If you need real-time analysis, you can join me.
FX:XAUUSD
by i2vi2v
Gold Slips as Dollar Rises WeeklyGold slid below a crucial level this Friday in European trading as the dollar surged, capping a week of losses after a late 2023 recovery. Investor profit-taking and uncertainties regarding the Fed's interest rate plans slowed gold's upward momentum. Spot gold fell 0.3% to $2,037.79 per ounce, while gold futures dropped 0.3% to $2,044.25 per ounce at 05:09 ET, marking a weekly decline between 0.8% to 1%. Speculation about an imminent interest rate cut in March 2024 has faded, contributing to the dollar's climb by over 1% for the week, its strongest performance since July 2023. Analysts at ING still hold the view that the first rate cut might come in May, and the recent dollar surge has impacted gold. The ongoing influence of Fed uncertainties continues to shape gold's weekly performance amid market fluctuations.
FXOPEN:XAUUSD
by AdmamTrade
Prospects of Gold Prices Amidst Potential Fed Rate Cuts in 2024Amidst anticipation surrounding potential Federal Reserve (Fed) rate cuts in 2024, the outlook for gold prices remains optimistic. Daniel Pavilonis, a market analyst at RJO Futures, highlighted the escalating tensions in the Red Sea as a factor likely to support gold prices. Notably, gold prices surged by 13% in 2023, marking the first annual increase since 2020, with expectations of reaching record highs in 2024 if a low-interest-rate environment is achieved. Fouad Razaqzada, a market analyst at City Index, emphasized, "As we've witnessed gold's ascent due to expectations of rate cuts in 2023, we could see a substantial rise in 2024 as central banks truly begin to ease their policies." The analyst further added that the actual timing and extent of rate cuts will hinge on the data received throughout the year. This week, focus shifts to the release of the minutes from the Federal Reserve's latest meeting. The US non-farm payrolls and unemployment data for December will be closely monitored, shaping the trajectory of potential rate adjustments. The interplay of geopolitical tensions and economic indicators will sway investor sentiment, shaping the trajectory of gold prices in the foreseeable future. As the Fed navigates potential rate adjustments, the market remains attentive to global developments, awaiting cues for gold's next move.
FXOPEN:XAUUSD
by AdmamTrade
XAU/USD Resumes Uptrend Amidst Emerging DowntrendGold's recent movements against the yearly average hinted at a promising trend above the critical resistance level of 2075/81. Despite breaching this mark in December, hitting highs at 2146, it couldn't sustain weekly or daily closures there, suggesting potential exhaustion. Key support lies at 1935/50, marked by various indicators like Fibonacci retracements, November's lows, and the 52-week moving average. For a bullish trend continuation, a breakthrough and sustained closure above 2075/81 are crucial, targeting resistances at 2130 and 2151. However, the failure to close above the pivotal resistance indicates a possible struggle for upward momentum in the near term. Traders anticipate potential downside movement in the coming weeks, seeking a final close above 2081 to confirm the uptrend. Managing losses around 1935 remains prudent amidst potential price surges. With the looming US non-farm payroll report, rapid shifts in market dynamics are anticipated. Further updates on short-term technical outlooks for XAU/USD will follow once clearer insights into price movements are obtained.
FXOPEN:XAUUSD
by AdmamTrade
Gold Trades Near Resistance Amid US Macro Data Analysis Technical Analysis: Gold might encounter strong resistance near the $2,078 region. Overnight failure near the all-time high closing levels around $2,077-2,078 raises caution among upward trend traders. Breaking this barrier decisively could pave the way for a push towards the psychological $2,100 mark. Daily chart oscillators remain comfortably positive, hinting at potential buy-dips around lower levels. The overnight low, around $2,055, appears to defend against immediate declines towards the $2,040 horizontal zone. A convincing break below this level might accelerate further downside movement towards the intermediate support around $2,020, aiming for the 50-day Simple Moving Average (SMA) near $2,008-2,007 and the psychological level of $2,000. Further selling activity could indicate convergence around $1,960, encompassing the 100 and 200-day SMAs.
FXOPEN:XAUUSD
by AdmamTrade
"Gold Holds Strong Above $2,060"Gold starts the new year with a positive signal, supported by a weaker US dollar and positive developments around China's economic stimulus measures. XAU/USD trades around $2,065, up 0.19% on the day. Expectations are for gold to remain stable and potentially continue its upward trend, although surpassing $2,100 will require convincing momentum. Price corrections might test $2,061 or even $2,050, with ultimate support at $2,035, represented by the 21-day Simple Moving Average (SMA).
FXOPEN:XAUUSD
by AdmamTrade
XAU/USD Shorts from 2077.000 down towards 2032.000My Gold forecast for this week anticipates a temporary bearish move to clear the liquidity below. With the bullish pressure fading and a shift in character to the downside, there are indications of a brief bearish phase. Given the substantial liquidity below, I expect a descent towards 2032, where a 19hr demand zone is located. Currently, my strategy involves waiting for a minor upward movement to facilitate a redistribution within my 10hr supply zone. Subsequently, I will explore selling opportunities from that point. Since this entails a counter-trend trade, I'll exercise caution and seek additional confirmation, such as a Break of Structure (BOS), to ascertain that the market is ready for a bearish trajectory. Confluences for Gold sells are as follows: - Price has changed character to the downside and has left unmitigated 10hr supply zone. - Lots of liquidity to the downside in the form of trend line liquidity and Asian lows. - Price has been moving very bullish recently and is due for a correction. - If price wants to continue in a bullish direction I expect for price to tap into the 19hr demand. - Price has recently reacted off a 2hr supply which initiated a downward trend. P.S. As this is a short-term perspective, my overall outlook for this market remains bullish. I anticipate that price will continue its upward momentum, but it needs to retrace to a more favorable level before embarking on another rally. Hence, I expect a drop to reach and interact with a 19hr demand zone, serving as a potential catalyst for another bullish rally. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
OANDA:XAUUSDShort
by Hassan_fx
Gold Slips to $2,060 amid US Bond Yield SurgeGold soared to $2,080 but reversed, dipping near $2,060 due to the rise in US Treasury bond yields. Investors are cautious ahead of year-end flows, limiting big bets on XAU/USD. The price may stabilize as the new year nears, remaining elevated. Closing below the ascending trendline at $2,084, buyers approach with caution, yet the rising 14-day Relative Strength Index (RSI) provides optimism. Breaking decisively above $2,100 is pivotal to surpass resistance and potentially spark a new uptrend toward the record high of $2,144. If a price correction gains momentum, initial support rests at Wednesday's low of $2,061, possibly testing $2,050 thereafter. The 21-day Simple Moving Average (SMA) at $2,035 acts as the final defense for gold buyers. Gold's price fluctuations, influenced by US bond yields, reflect cautious market sentiment. Both buyers and sellers monitor crucial levels as the year concludes, anticipating shifts in the new year.
FOREXCOM:XAUUSD
by Larissa-Trader
Gold Dips to $2,060 Amidst Rate Rebound After peaking at $2,080, gold swiftly reversed, dropping to around $2,060, pressured by resurging US Treasury bond yields. Investors are cautious, refraining from major bets on XAU/USD amidst year-end flows. Maintaining a relatively higher level, gold might consolidate into the new year. Closing below the upward trendline at $2,084, potential buyers exercise caution. However, the 14-day RSI's continuous rise provides hope. Breaking convincingly past $2,100 is crucial, failure risking a stall in the upward trend towards the all-time high of $2,144. If a correction occurs, initial support lies at $2,061, with $2,050 as a potential further support level. Buyers' last defense rests at the 21-day SMA at $2,035. Gold's price fluctuations reflect market caution amidst bond yield influence and investor sentiments. Both buyers and sellers monitor support and resistance levels closely as the year concludes. Wishing everyone a Happy New Year !
FXOPEN:XAUUSD
by AdmamTrade
3
Gold Prices Struggle Amid Interest Rate Cut SpeculationsGold prices dipped below the Thursday trading range of $2,064-$2,088 as thin trading volumes characterized the market with limited participant activity due to the holiday week. The precious metal witnessed some profit-taking on Thursday. On a broader note, the upward-sloping 20-day and 50-day Exponential Moving Averages (EMA) indicate positive momentum, and oscillators suggest strong upward momentum. The gold market is navigating challenges amid speculation about potential interest rate cuts. Trading volumes remain light, with few significant market participants during the festive week. Despite some profit-taking observed on Thursday, technical indicators such as the ascending 20-day and 50-day EMAs signal a positive trend. Oscillators point towards robust upward momentum. The current price range fluctuates between $2,064 and $2,088, reflecting the cautious market sentiment. As traders prepare for the upcoming week, the gold market's performance may continue to be influenced by interest rate cut speculations and overall market sentiment. It's crucial to monitor the evolving dynamics to gain insights into potential future movements in gold prices. Wishing you a happy new year
FXOPEN:XAUUSD
by JackieBrown1803
Gold Trades Sideways Above $2,060From a short-term technical perspective, gold remains in contact with an upward trend amid favorable price indicators. While gold has broken above the resistance level of the upward trend line at $2,080, a daily close beyond this mark is crucial to extend the upward trend to an all-time high of $2,144. Gold buyers face formidable resistance levels at $2,100 and $2,120 before reaching this milestone. The 14-day Relative Strength Index (RSI) is pointing upwards along the midline, instilling confidence in the ongoing uptrend. Any potential decline in gold prices could find initial support at the recent low of $2,061, with adjustments potentially extending towards $2,050. The ultimate defensive line for gold buyers is visualized at the 21-day Simple Moving Average (SMA) positioned at $2,035. In summary, gold is currently trading sideways above $2,060, with the need for a sustained close above $2,080 to propel the price towards an all-time high of $2,144. Resistance levels at $2,100 and $2,120 pose challenges, while the RSI signals positive momentum. Potential corrections have support levels at $2,061 and $2,050, with the 21-day SMA acting as the final line of defense at $2,035
FOREXCOM:XAUUSD
by sokiabradleydoyle30ko8vw
16