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XAUUSD GOLD Technical Analysis and Trade Idea👉🔍 In this analysis of XAUUSD (GOLD), we examine higher time frame charts that suggest a bearish trend with a potential retracement into resistance. The price action indicates a strong bearish move into support. I am anticipating a possible short-term bullish reversal into resistance for a buy, followed by a sell opportunity from the Fibonacci retracement. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
FOREXCOM:XAUUSD
by fxtraderanthony
2
My Theory Bias on Gold⚱️#XAUUSD (GOLD / U.S. Dollar) ⏰Time Frame : 4-hour 📌Status : Neutral ‼️ Important 📆26.06.2024 By investigating the #gold graph on the 4-hour time span, we can see that in the wake of stirring things up around town focus of $2337 from our last examination, gold confronted weighty selling pressure and neglected to arrive at the ensuing targets. Following this, gold encountered a huge drop, remedying down to $2304, and has since seen recharged request in the wake of social occasion liquidity underneath this level. As of now, gold is exchanging around $2315. We really want to check whether the cost can remain over this basic level for the following 8 hours. Assuming the cost falls beneath $2309 once more, it will probably enter the $2200 territory. Notwithstanding, in the event that gold can settle above $2320, we could see it rise again to $2329. This investigation will be refreshed appropriately.
TVC:GOLD
by SavageTradingLab
XAU/USD Shorts from 2,355 or 2,370 back downMy analysis for gold this week aligns with other pairs, where I am expecting bearish moves. Given the recent rise in the dollar, I am looking to join the trend and focus on selling opportunities. I have identified two nearby supply zones on the 6-hour and 12-hour charts as potential entry points. Once the price reaches these zones, I will look for signs of slowed momentum, distribution, and a change of character (CHOCH). From there, I will target the liquidity pools below, including trendlines and Asian session lows. Confluences for GOLD sells are as follows: - Price has been breaking structure to the downside on the higher time frame. - Price has left clean supply zones on the 6hr and the 12hr. - Lots of liquidity to the downside that needs taking - Trade idea is pro trend as price has been forming lower lows and lower highs. P.S. Currently, the price is at a decent short-term buy position that can be taken up towards the supply zone, provided the confluences are correct. If the price continues to drop, I will look to enter off a new break of structure (BOS).
OANDA:XAUUSDShort
by Hassan_fx
XAUUSD | GOLDSPOT | New perspective | follow-up detailsThe Federal Reserve opted to maintain interest rates at their current levels and delay any potential rate cuts until at least December. Officials foresee only a modest quarter-percentage-point reduction for the year, emphasizing the importance of managing inflationary pressures. Fed Chair Jerome Powell highlighted that despite robust growth and low unemployment rates, the central bank remains cautious, waiting for clear economic signals before making any adjustments. The market reacted to this news, with gold prices climbing over 1% on Friday, fueled by expectations of a possible rate cut soon. Concurrently, the 10-year US Treasury bond yield trended lower towards 4.2%, influencing the XAU/USD pair upward as the week came to a close. This video offers a detailed strategy to help navigate various market scenarios, empowering us to make informed decisions as the market digests the latest developments. XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is still fixed on the key level at $2,335 for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries 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.
EIGHTCAP:XAUUSD
by darcsherry
4
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn this video, we delve into the upcoming Federal Reserve meeting and its potential impact on the price of Gold. The decisions made during this meeting could significantly influence the market. Gold recently experienced its lowest finish in about a month, influenced by stronger-than-expected monthly U.S. jobs data and reports of China's central bank pausing its bullion purchases. China, a major driver of the gold rally, might not be done buying gold, but the current pause could signal short-term profit-taking activities. Additionally, the latest US Nonfarm Payrolls report for May revealed an increase in workforce numbers, albeit with an uptick in the Unemployment Rate and a slight rise in Average Hourly Earnings. These factors could lead the Federal Reserve to delay its decision to cut interest rates, which is negative for Gold as it raises the opportunity cost of holding a non-yielding asset. As market participants await next week's US inflation data and the Federal Reserve’s monetary policy meeting, the US Consumer Price Index (CPI) is expected to remain steady, but a reacceleration could trigger further losses for the gold. Join me as we dissect the latest market dynamics and explore potential strategies for positioning ourselves for the upcoming price movement XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is still fixed on the key level at $2,325 for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries 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
4
XAUUSD 4H WEEKLY SELL PROJECTION 23.06.24Gold prices reversed course on Friday, moving down more than 1.70%. Economic data from the United States (US) spurred investors' reaction to pricing out fewer interest rate cuts by the Federal Reserve (Fed) due to the solid state of the economy. The XAU/USD trades at $2,317, below its opening price after hitting a daily high of $2,368. The US economy continued to give mixed signals regarding its robustness. S&P Global revealed June’s Purchasing Managers Index (PMI) readings, which exceeded estimates and topped May’s data. However, the US housing sector continued to deteriorate after Existing Home Sales for May missed the mark and fell compared to April’s data. On the PMI release, investors ditched Gold and bought the Greenback, which, according to the US Dollar Index (DXY), rose 0.14% at 105.80. US data revealed during the week highlights uncertainty as some economic indicators reiterate that the economy is still solid. On the positive side, Industrial Production, S&P Flash PMIs, and Retail Sales advanced, though the latter were lower than the previous month. Conversely, housing continued to deteriorate, while the jobs market, as measured by Americans filing unemployment claims, came in worse than expected. The data kept investors' chances of a September Fed rate cut alive. Given the backdrop, Gold prices continued to drop, along with technical indicators, pointing to a correction following a three-month rally that began in March and lifted XAU/USD to its all-time high of $2,450. The CME FedWatch Tool shows odds for a 25-basis-point Fed rate cut in September at 59.5%, up from 57.5% on Thursday. In the meantime, the December 2024 fed funds rate futures contract implies the Fed will cut 36 bps toward the end of the year.
OANDA:XAUUSDShort
by kripsonfx97
XAUUSD: Big Swing Buy Coming Up Worth 2200+ PIPS! Dear Traders, Gold rejected at $2450 and dropped more than 1200+ pips, indicating a strong bearish takeover. Still we expect the same to continue, as bearish momentum is so strong that price ranged between 2330-2340 area for a long period on Friday. Which suggested that bears large number of volume Is still there in the market. Going forward, we can expect price of Gold to drop around 2280-2290 this key level remain strong for buyers. That move will be worth thousands of pips we expecting around 2200 pips if not more targeting 2500$ which will be record high. **Please like and comment the idea, for more do follow us which will encourage us to bring more educational chart analysis** Do your own analysis, always follow risk management. Team SetupsFX_
OANDA:XAUUSDLong
by Setupsfx_
33
XAUUSD: Next week we can see bullish dominance: 2000+ pips move!Dear Traders, Upcoming weeks we can see strong bullish price momentum to continue, price successfully rejected at 2290 and then rebounded strongly. Another confirmation that we have is when price reconfirmed the 2300 area where we saw how strongly price moved. These are the two main confirmation that has given us enough confidence to be sure of how upcoming direction the price can be going towards. **If you like the idea then please like, comment and follow us which will encourage us to bring more educational ideas like this** Team Setupsfx_
OANDA:XAUUSDLong
by Setupsfx_
11