XAUUSD XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Falling Wedge as an Corrective Pattern in Short Time Frame
Demand Zone
Xauusdforecast
XAUUSD, expecting fall from M15 AreaXAUUSD, I am expecting that gold will fall from M15 OB, which has strong probability
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAU/USD 14 June 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as analysis dated 11 June 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Price has continued to trade to the downside
Price has now printed a bullish CHoCH which indicates initiation of bullish pullback phase.
Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase.
Previous intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low.
Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation.
Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish iBOS following US CPI data release 12 June 2024.
Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS.
Price has reacted from H4 POI.
Intraday expectation: Price to target weak internal high.
Alternative scenario is price could target strong internal low as H4 internal structure is bearish.
M15 Chart:
Will gold continue to rise?Short-term gold continues to rise. Gold is still maintaining a strong and volatile trend along the short-term moving average on the daily trend. The price fell back after touching the early pressure zone, but the continuation was not very good and it continued to pull as expected. , but we need to see how the daily line closes today. Judging from the current trend, there may be room for continued growth on the daily trend. If it closes above 2378 in one hour, it will further hit 2400, or even the previous high! Therefore, radicals can choose to go long in light positions at 2375! On the whole, today's gold short-term operation thinking is Xu Xin's suggestion to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2395-2400 first-line resistance, and the bottom short-term focus will be on the 2372-2370 first-line support.
Latest gold analysisGold rebounded today relying on support near 2332, and the European market rebounded to around 2348. At present, the long and short positions are not very clear. 2355 is the key and watershed. The short-term trend is somewhat strong, and there may be an upward impact test in the evening. At the top, focus on the key watershed of 2355, and on the bottom, focus on the breakdown of the 2340 mark and the support in the area near 2332
xau usd good for longWe have price action for purchases, we go with the trend and go for our objectives, the white lines
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Hand and Shoulder Pattern in Short Time Frame
Break of Structure
RSI - Divergence
Fibonacci Level - 50.00%
XAUUSD is looking Buy in M15I am looking XAUUSD Gold buy from 2313 area as there the availability of M15 POI and M30 OB
After CPI - Gold price returns to starting pointLast night time Gold had robust information however there wasn`t an excessive amount of movement. With Today's Price Trend and Model, I assume Gold will retain to Buy underneath the 231x Zone in line with the accrued factors of the Buyers. And Canh Sell Above the 233x quarter in line with the Trend Line in H4 and D1
> Please confer with modern-day buying and selling rate plan. Buy Gold round 2308>2312
SL 2300
TP 2325>233x
Watch Sell Gold withinside the location 2337>2340
SL 2342
TP 2330>232x
These are the rate stages I will look ahead to transactions. You can confer with and observe this framework to trade.
GOLD FALLS MORE last CPI gold made a huge move and remove all seller from the market and move again to the starting point so what we can expect that the market may continue the falling move .currently it is testing the volume area of interest so we wait for a proper breakout then we do sell till lowest level of volume and last target of end of the bearish channel .
XAUUSD, I am expecting a Bullish move in M30For XAUUSD today analysis, I am expecting a Bullish move from M30 OB 2300-2303 area
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Break of Structure
RSI - Divergence
Completed " 1234 " Impulsive Waves
Fibonacci Level - 38.20% / 50.00%
GOLD Shows Modest Gains Anticipation of US Inflation Data-FOMCGold, after modest gains over the past two days, trades with a negative bias during the early European session on Wednesday. This slight downturn, however, lacks momentum as traders await crucial US economic data releases later in the day.
Market Sentiment and Anticipated Economic Data
Traders are keenly focused on the upcoming consumer inflation figures from the United States and the outcome of the highly-anticipated Federal Open Market Committee (FOMC) meeting. These events are expected to provide new insights into the Federal Reserve’s plans regarding interest rate cuts, which will significantly influence the near-term trajectory of gold, a non-yielding asset.
Technical Analysis
From a technical perspective, the H4 timeframe shows a divergence on the Relative Strength Index (RSI), indicating potential bullish momentum. This divergence follows a rebound from a key demand or support area, suggesting that the recent downtick may be temporary. The technical indicators are aligning to potentially support a price increase, especially if the economic news aligns with expectations.
Economic Indicators to Watch
Consumer Inflation Figures: The latest US consumer inflation figures will be pivotal. Strong inflation data could imply sustained economic growth, potentially leading to a delay in interest rate cuts. Conversely, weaker inflation data might reinforce expectations for a more dovish Fed, supporting gold prices.
FOMC Meeting Outcome: The FOMC meeting is another critical event. Any indications from the Federal Reserve regarding the timing and pace of interest rate cuts will be closely scrutinized. A dovish stance from the Fed could weaken the US Dollar and bolster gold prices.
Potential Market Reaction
The interplay between these economic indicators and the market's reaction will be crucial. Should the inflation figures and FOMC outlook hint at a delay in rate cuts, gold may experience pressure due to a stronger US Dollar. On the other hand, dovish signals from the Fed could lead to a rebound in gold prices, aligning with the technical indicators suggesting a bullish impulse.
In conclusion, Gold is currently experiencing a modest downturn but remains poised for potential gains depending on the upcoming US economic data. The divergence on the RSI in the H4 timeframe supports a bullish outlook, contingent on the release of favorable economic news. Traders should be prepared for increased volatility and watch for key signals from the consumer inflation figures and the FOMC meeting to gauge the future direction of gold prices.
XAUUSD (GOLD) SELL ANALYSISHere on Gold price has been falling after the news released of Non- Farm Payroll so it made some up moving this is like to fall after the retetest . So is expected to go for SHORT and apply money management.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD, M15, look like sellIn M15 timeframe, XAUUSD Gold looks like sell from 2315 area and our second sell limit is around 2321 area.
good luck
XAUUSD Gold Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure and Retracement
RSI - Divergence
Completed " 12345 " Impulsive Waves and " A " Impulsive Waves
Bearish Channel as an Corrective Pattern in Short Time Frame
Resistance Level
GOLD possible short for 2285weekly & daily trend reversing bearish side. supply zone for short 2335, stop loss: 2344, target: 2285
XAUUSD (GOLD) BUY ANALYIS SCALPINGHere on Gold price has drop massively due to NFP news last week as result gold was able to maintain a support line so is likely to move up a little before dropping more so . So for those that scalp can buy and wait then take a small profit.
XAUUSD I Scalp long opportunity from Welcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold Spot (XAU/USD) AnalysisThe chart provided is of Gold Spot (XAU/USD) against the US Dollar, in a 4-hour timeframe. Here’s a detailed analysis and summary:
1. Trend Analysis:
- The overall trend from early March to mid-May was upward, with gold prices rising steadily.
- Recently, there has been significant volatility, with noticeable peaks and troughs indicating a correction or consolidation phase after the upward trend.
2. Support and Resistance Levels:
- Resistance: The recent high is around 2387.313.
- Support: Multiple levels including:
- 2304.029 (61.8% Fibonacci retracement level).
- 2281.389 (78.6% Fibonacci retracement level).
- 2252.548 (Key horizontal support level).
3. Fibonacci Retracement Levels:
- The chart shows Fibonacci retracement levels calculated from the recent high to the recent low.
- 50% level at 2319.931.
- 61.8% level at 2304.029.
- 78.6% level at 2281.389.
4. Chart Patterns:
- The dotted lines indicate A possible ascending channel, suggesting that the price has been moving within an upward-sloping range.
- Recent price action shows a breakdown from this channel, indicating potential bearish pressure.
5. Current Price Action:
- The price has dropped sharply and is currently around 2306.890.
- It is approaching the 61.8% Fibonacci retracement level, which might act as immediate support.
- If this level breaks, the next significant support is around 2281.389 (78.6% retracement).
6. Moving Averages and Indicators:
- The chart does not explicitly show moving averages or other indicators, but the trend lines and Fibonacci levels provide key insights.
Summary:
The chart of the Gold Spot against the US Dollar shows an overall uptrend that is currently facing a correction or consolidation phase. Key support levels to watch are around the 61.8% Fibonacci retracement level at 2304.029 and the 78.6% retracement level at 2281.389. It might resume its upward trend if the price stabilizes above these levels. However, a break below these supports could indicate further downside risk, with the next major support at 2252.548.
