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Xauusdforecast

XAU Upcoming Analysis Analysis: 1. Trend Change: The chart shows a sharp rise followed by a pullback, indicating that the strong bullish momentum has paused. The price then experienced some volatility, with lower highs forming after the peak. 2. Support Levels: • The price tested the 2483.25 area, where it found support before attempting to move back up. • The price is now approaching the 2497.15 level, which could act as a potential resistance or pivot point. 3. Resistance Levels: • The peak near 2530.05 marks a significant resistance level. • Intermediate resistance may be observed around 2506.80 and 2512.50
OANDA:XAUUSD
by WhiteDevil92
XAUUSD Strong Bullish Bias**Monthly Chart** Last month's XAUUSD (Gold) candle closed as a large bullish candle after creating a new record high shy of the 2,500 level (round number). This indicates that traders will try to push the price higher to break the record high. This is in line with geopolitical reasons happening in the Middle East at the current moment. This month's candle, which is still active, tested 50% of last month's candle and tried to push higher again after a large sell-off on Monday—5th August 2024. August monthly candle is still bullish and recorded an all-time high at 2,531.76 **Weekly Chart** Last week, the candle closed as an indecision doji candle, after recording a new high on 20th August. However, the long-term bias is still bullish, and there is a high probability that XAUUSD will reach a new high in the coming weeks. The price tested 50% of FVG candle of the previous week at around 2,470 then pushed higher after the Fed Chair Power's speech during the Jackson Hole Symposium on Friday. **Daily Chart** Last Friday's candle closed as a bullish manipulation candle (or Order Block candle), after testing the IPA (FVG) the previous day and moved higher. All time frames are aligned, and a higher move for XAUUSD is suggested. I will only look to buy at retracement with good risk parameters for a target above the 2540 level. Look for entry points from lower time frames such as 4H and 1H.
OANDA:XAUUSDLong
by PropSignals
XAUUSD: Gold prices will continue to reboundGold price can be bought when it retreats to 2496-2491. Investors with large funds can enter the market in advance. tp2510. sl2480 Risk events continue to ferment. Gold prices hit a new low of 2470 and then continued to rebound sharply. It has now risen by 30 US dollars. Many people are often blind in their operations. But members who continue to pay attention will know the accuracy of my signals. This week is another week of big profits. The trend of buying high and selling low is always correct. Don't scalp trading. That's very risky. Especially for novice friends. At the same time, trading mentality is often a major reason for everyone's trading failure. So if your trading mentality is not good, then your trading will fail. But here, whether you are a novice or a person with rich trading experience, or a person with a bad mentality, you can get my precise guidance to make better transactions. Because trading is to make greater profits, rather than to expand losses in anxiety. Follow me. Make trading easier.
TVC:GOLDLong
by Eddy_Wealth
XAUUSD: Bullish Trend Faces Key Resistance; Short-Term Bearish Daily Chart Analysis: Ascending Channel: The price is moving within an ascending channel, indicating a bullish trend over a longer time frame. The upper trendline acts as resistance, and the lower trendline as support. Daily LQZ Levels: Several daily liquidity zones (LQZ) are marked: 2,532.560: Acting as a key resistance level. 2,470.480: Another support level, closer to the current price. 2,416.392: The lowest support level in this view. Price Action: The price recently tested the upper trendline and showed signs of pulling back. The price might test the lower levels, possibly towards 2,470.480 or even 2,416.392. 4-Hour Chart Analysis: Rising Wedge Formation: A rising wedge is forming, often considered a bearish pattern in this context. The price is near the upper boundary of this wedge and the key resistance at 2,501.939. Key Levels: 2,501.939: The current resistance level on the 4-hour chart, corresponding to the LQZ. 2,470.480: Support level aligning with the daily chart. Expectations: The rising wedge suggests a potential downside move, especially if the price fails to break above 2,501.939. A break below the wedge could see the price testing the lower LQZ levels. 1-Hour Chart Analysis: Descending Channel: The price action shows a descending channel within the broader bullish context. This indicates a short-term bearish correction within the larger uptrend. Key Resistance and Support: 2,501.939: The key resistance here also aligns with the 4-hour chart. 2,470.480: Support level, likely to be tested if the bearish momentum continues. Possible Move: If the price remains below 2,501.939, it could continue its descent within the channel, testing the 2,470.480 level. 15-Minute Chart Analysis: Tight Consolidation: The price is consolidating within a very tight range near the 2,498.410 level. The consolidation is within the context of a larger descending channel visible in higher time frames. Potential for Breakout: Given the proximity to key resistance and support levels, a breakout from this range could lead to a sharp move. A downside breakout might lead to a test of 2,470.480, while an upside breakout could challenge 2,501.939. Short-Term Strategy: Traders might look for a breakout of this consolidation area to position themselves for a quick move towards the aforementioned levels. 5-Minute Chart Analysis: Short-Term Setup: The 5-minute chart shows the price attempting to break out of a very tight descending wedge. A bounce off the lower trendline might provide a short-term buying opportunity, while a break below could signal further downside. Immediate Levels: 2,498.600: Immediate resistance; a break above this level might lead to a quick rally to 2,501.939. 2,470.480: Remains the key support to watch on any downside move. Summary: The overall trend on the daily chart remains bullish, but shorter time frames show potential bearish setups, suggesting caution is needed. Key levels to watch include 2,532.560 on the upside and 2,470.480 on the downside. In the short term, price action within the 2,498-2,501 range will be crucial to determine the next significant move. This analysis should provide a comprehensive overview of the XAU/USD pair across different time frames. Let me know if you need further insights or specific strategies based on these charts.
OANDA:XAUUSD
by MommaPreneur
GOLD (XAUUSD): Strong Bullish Signal During the Asian Session Gold retested a recently broken daily structure resistance that was based on a previous all-time high yesterday. During the Asian session today, the price formed a strong intraday bullish confirmation. Retesting the underlined blue area the price formed a cup & handle pattern and violated its neckline. Now we see a nice bullish movement. It may continue at least till Powell speech later on today. I did not manage to trade this setup because I was sleeping when it was formed. But it is a perfect example of a confirmation trading that I teach you and I hope that those who trade the Asian session managed to recognize this signal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
XAU/USD Monthly Chart Analysis: and Future Target 3000?On the monthly chart of XAU/USD, a classic Cup and Handle formation has developed, with a significant breakout occurring on March 1, 2024. Following this breakout, the price rallied by approximately 24.62%. To project future price targets, I employed a method of measuring the depth of the cup and adding it to the breakout level. This calculation resulted in a potential price target range of $2,915.24 to $3,000, reflecting a total expected increase of around 42.39%. As of today, August 22, the price has already moved up by 18.81%, leaving a potential upside of 16% to reach the target. The time projection for achieving this target was derived from the duration taken to complete the Cup pattern, which spanned 108 bars. By dividing this time period by two, I arrived at 54 bars, pinpointing a potential target date of September 1, 2028. Interestingly, there's a coincidental alignment between the breakout date of March 1 and the projected target date of September 1. However, it’s important to note that financial markets are highly sensitive to news and events, leading to dynamic price movements. The prices are not static and can experience various phases, including uptrends and downtrends. The intention behind this analysis is to identify and track high-time-frame patterns, providing a basis for future projections. I’ll also be tagging my previous Ethereum prediction, where I forecasted a price movement from $1,500 to $3,500 based on similar logic. Disclaimer: This analysis is for educational purposes only and reflects my personal study and predictions. It is not intended as financial advice. Please conduct your own research or consult with a professional before making any investment decisions.
FXOPEN:XAUUSDLong
by Jimmy_Rebello
1
Gold Analysis 8_21 Gold has turned bearish and news helped pushed price down . Dollar gaining some strength and reaching previous days high. Price has taken all the lows of the week and into last Friday. We could see it touch weekly low but a lot of bearish pressure is in the market. I'm really focusing on gold now I'm trying to watch it and gain a feel for it more. So far its rewarding and a learning experience. lol Looking to see a rally back up to a zone then push back down towards sell side liquidity areound 2451.00 I'm a seller by nature so I'm able to see those much easier. I took my profits and watching the rest until London/NY session. Follow me for more info. Risk Mngt #1
OANDA:XAUUSD
by MrVizions_421
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold is on fire! Central banks are scooping up gold at an unprecedented rate, fueling a massive bull run. In this video, we dive into the XAUUSD market, examining the fundamentals driving this surge, including: 🪙 Central bank demand: Learn why central banks are hoarding gold and how this impacts the market. 📉 Interest rate cuts: The Fed is hinting at rate cuts, and this is a major catalyst for gold. 🌎 Geopolitical tensions: Rising global instability is also bolstering demand for safe-haven assets like gold. We break down the impact of these fundamental factors on gold prices and analyze the price action on the XAU/USD chart to uncover potential trading opportunities for the upcoming week. XAUUSD Technical Overview: This week, we're focusing on the $2,475 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #XAUUSD #Gold #Trading #TechnicalAnalysis #MarketAnalysis #GoldPrice #CentralBanks #Fed #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by darcsherry
3
XAUUSD: 2500 points determine the next directionI have some personal matters today, so I don't have time to update you with detailed trading strategies. I will just briefly talk about it. At present, there is a risk of a correction in gold. If it cannot continue to break the previous high, I will not continue to be bullish. 2500 is a key point. If it breaks, it may adjust downward by 30-50$, so you need to pay special attention. The above paragraph is what I said in the channel. Now it seems that my guess has been confirmed. Gold does have the risk of falling. The lowest point of this decline is 2493, but it is not an effective break. Now the price is hovering around 2500 points, and there is indeed support near 2500 points. Now let's see the break near this support. If there is no break, then we will continue to look at the previous high, and if it breaks down, we will be bearish. Whether 2500 points can support or break is difficult to predict now, so I will give you a trading plan for your reference If 2500 points support, we will buy, and the target is near the historical high of 2531 If 2500 points break down, we will sell, and currently it is near the previous high of 2480
OANDA:XAUUSD
by AntonyTP
XAUUSD Gold Technical Analysis and Trade Idea 👀👉 Our focus is on the XAUUSD, which has exhibited strong bullish momentum on both the daily and 4-hour charts. However, with prices currently encountering a resistance level, we expect a potential retracement towards the Fibonacci 50% to 61.8% levels.
 This analysis incorporates essential aspects of technical analysis, including trend identification, price action, and market structure. We'll also detail a potential trade setup and discuss strategies that could enhance the probability of success.
 Please keep in mind that this analysis is intended for educational purposes only and should not be taken as financial advice. The observations provided are speculative and do not guarantee future market outcomes. We highly recommend verifying current price actions before making any trading decisions.
 This presentation offers a comprehensive review of the prevailing trend, market structure, and price dynamics. However, it’s crucial to recognize that while the information is educational, it does not assure trading success. Trading in the foreign exchange market involves significant risks, and we strongly emphasize the importance of applying sound risk management techniques in all your trading endeavors.
 We encourage you to perform extensive research and carefully consider all factors before making any trading decisions. Stay informed, be cautious, and approach the markets with a well-crafted strategy. 📊✅
FOREXCOM:XAUUSD
by fxtraderanthony
4
1:5 risk to reward buy setup for GoldCore Analysis Method: Smart Money Concepts Here’s the analysis based on the Smart Money Concepts methodology: 😇 7 Dimension Analysis Time Frame: 5M Swing Structure: The market structure is strongly bullish with liquidity resting in a key area at the extreme POI. The Inducement has been taken, and the corrective swing move has reached its lowest levels, showing two pullbacks. The internal structure supports this corrective move, with Order Blocks (OB), Sell Order Blocks (SOB), Fair Value Gaps (FVG), and liquidity marked as Points of Interest (POI) in the Discounted zone, making this setup powerful. Support & Demand are also located in the POI zone, making this setup favorable for bullish momentum. Pattern: 🟢 Chart Patterns: A Rectangle pattern is forming, so patience is required to see how it plays out. 🟢 Candle Patterns: Candle patterns will be considered once the price reaches the POI. Volume: No notable volume observations at this point. Momentum RSI: Skipped for this analysis. Volatility Bollinger Bands: Skipped for this analysis. Strength ADX: Skipped for this analysis. Rating: ⭐⭐⭐ (3 Stars) Probability: 50% The probability is moderate, indicating a balanced risk/reward scenario. ✔️ Entry Time Frame: 5M ✅ Entry TF Structure: Bullish ☑️ POI: Extreme unmitigated OB 💡 Decision: Buy Limit 🚀 Entry: 2494 ✋ Stop Loss: 2484 🎯 Take Profit: 2545 😊 Risk to Reward Ratio: 5 RR 🕛 Expected Duration: 1 Day (D1) SUMMARY: This setup on the 5-minute timeframe suggests a potential buying opportunity as the market is in a bullish structure, and key Points of Interest align at the Discounted zone. The Rectangle chart pattern forming adds to the likelihood of a potential move. The trade setup has a moderate probability with a 5:1 risk-to-reward ratio. The entry is planned at 2494, with a tight stop loss at 2484 and a target at 2545. Given the lack of significant volume, momentum, volatility, and strength indicators, this trade is more speculative and should be monitored closely as the price approaches the POI.
OANDA:XAUUSDLong
by Optimum369
1
#XAUConfirming the peak at 2531, adjustment or further increase?Gold analysis on August 21, 2024: After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still expected. The trading trend today remains SELL. Key price areas to note: SELL zone: 2520 - 2525 and 2529 - 2533; BUY zone: 2502 - 2507 and 2490 - 2495. Recommended orders: Plan 1: SELL XAUUSD zone 2521 - 2523 SL 2526 TP 2518 - 2510 - 2500 - 2490. Plan 2: SELL XAUUSD zone 2513 - 2515 SL 2518 TP 2510 - 2500 - 2490 - 2480. Plan 3: BUY XAUUSD zone 2490 - 2492 SL 2486 TP 2495 - 2500 - 2510 - 2520.
OANDA:XAUUSDShort
by oakpotshy