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Xauusdforecast

XAU/USD 11 July 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 10 July 2024. -> Swing: Bullish. -> Internal: Bullish. Following bullish iBOS price has not pulled back significantly enough to indicate bearish pullback initiation. This could indicate that price is seeking further liquidity to fuel its drive down. Price could also create a new high, higher than the current fractal high to bring CHoCH positioning closer to current price action. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention as price has failed to print bearish CHoCH or reach discount of 50% EQ. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was not met with strong high being breached and price printing bullish iBOS, aligning itself with swing structure. Following pullback, bearish pullback initiation began after reaction from M15 supply zone printing a bearish CHoCH to indicate, but not confirm bearish pullback initiation. However, price could not sustain it's bearish pullback phase and has reacted from premium of 50% EQ to target weak internal high. This would bring into question if price has enough liquidity to break and close above weak internal high. Intraday expectation: If price fails to break and close above weak internal high I would expect price to pull back to either discount of 50% EQ or M15 demand zone before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD remains Bullish**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. **Weekly Chart** Weekly candle closed as a bullish low test candle indicating that there is still a strong bullish directional basis towards 2369 level and then 2400 level. **Daily Chart** XAUUSD moved higher creating an engulfing candle after testing the demand zone suggesting a continuation of the bullish move. At least to test the high of the IPA around 2387 level. We might see a small retracement in lower time frames before the price pushes higher this week.
OANDA:XAUUSDLong
by PropSignals
Czech Gold Holdings Rise as Governor Michl Diversifies Reserves he Czech Republic expanded its gold reserves in June as central bank Governor Ales Michl continues to execute a plan to diversify investments to make his institution profitable. Czech holdings of the precious metal increased to 41.5 metric tons, from 39.7 tons in the previous month, central bank data showed on Tuesday. The value of gold totaling $3.1 billion at the end of June still represented only a fraction of the overall reserves of $146.5 billion, which are one of the highest in the world relative to the size of the economy. Michl, who started his six-year tenure in July 2022, has set a goal to boost the ...
OANDA:XAUUSDShort
by ShumbaFx07
XAUUSD: 2300+ PIPS Trade Idea in Making! Gold price rebound to 2365$ area before started to drop again, price reverse from a solid imbalance zone where price rejected strongly. After carefully, looking at the price behaviour it is likely to have a strong drop on gold prices in coming days. We expect price to continue dropping down until it reaches 2280 region where a strong reversal/rebound can be expected. So good luck and trade safe. **if you like our ideas then please do like,comment and follow for more.**
OANDA:XAUUSDLong
by Setupsfx_
26
XAUUSD: Possible Early Price Mitigation! Dear Traders, OANDA:XAUUSD we have updated our views on gold, in our opinion price is likely to continue the bullish momentum from this moment onwards, next possible targets are 2390$ and 2450$. However, if current strong resistance upholds then price can drop 2290$ or 2280$ region can be strong opportunity where buyers can strongly rebound. **If you like our ideas then please like, comment and follow us which will encourage us to bring more educational ideas** Team SetupsFX_
OANDA:XAUUSDLong
by Setupsfx_
6
#XAUUSD: As we planned, everything is moving as expectedDear Traders, As we explained in our previous charts that gold will rebound from 2290 region and price did exactly as we expected. Now we expect price to continue the bullish momentum up until 2500$ region, which will be our long term entry. There are major economical data on our way in this week also next week, those may impact the future trend of the Gold. However, we remain firm with our positions. **If you like our work please like and comment, follow for more such educational content**
OANDA:XAUUSDLong
by Setupsfx_
4
XAUUSD ( BREAKOUT RESISTANCE TRENDLINE ) ( 4H )XAUUSD HELLO TRADERS Tendency active bullish after the price breakout the resistance trendline TURNING LEVEL : a blue line between resistance and support level around 2,342$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 2,317$ , indicates buying have already increase this level , so if the price breaking turning level reach this level PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,342$ , after rising to the resistance level around 2,378 , then stable above this level reach 2,396$ , if the price breaking turning level reach a support level at 2,317$ , then stable by open 4h candle below this level reach a 2,302$ TARGET LEVEL : RESISTANCE LEVEL : 2,378$ , 2,396$ SUPPORT LEVEL : 2,317$ , 2,302$
OANDA:XAUUSDLong
by ArinaKarayi
Gold Shorts from 2,410 back downScenario A: Gold is looking promising for upcoming sells within the 2-day supply zone. As price has been bullish, I expect it to slow down and weaken when approaching this supply. Once price mitigates, I anticipate a Wyckoff distribution to form, providing a precise entry for a valid sell. Scenario B: If price retraces before reaching the supply and enters a demand zone, I will look to buy back up towards the supply, following the current bullish trend. Key zones include the 16-hour demand zone or the daily demand zone, where I will be looking to enter buys. Confluences for Gold Shorts: - Price has been bullish and requires a retracement. - Entering a 2-day supply zone that has caused a CHOCH to the downside. - Lots of liquidity to the downside that needs to be taken. - If price wants to continue going up, it must retest a demand zone I have marked. P.S. Scenario C: If price breaks past the 2-day supply and continues rallying, it will likely carry on its long-term bullish trend, potentially breaking new all-time highs.
OANDA:XAUUSDShort
by Hassan_fx