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Xauusdforecast

Gold Trade Idea (1st) **Trade Idea for Gold:** 1. **Observation Phase:** - Monitor the 1-minute chart closely for high volume activity. - Look for a ** Pin Bar ** or **Bullish Engulfing** pattern near the support level of **\ $2176.33 **. - Conversely, watch for a ** Pin Bar ** or ** Bearish Engulfing ** pattern near the resistance level of **\ $2187.71 **. 2. **Entry Points:** - If a reversal pattern forms near **\ $2176.33 ** with high volume, consider a ** long position ** with a stop loss just below the support level. - If a reversal pattern is identified near **\ $2187.71 ** with high volume, consider a ** short position ** with a stop loss just above the resistance level. 3. **Breakout Scenario:** - In case gold breaks through the support level, prepare for a potential ** downtrend continuation ** and look for short opportunities. - If gold breaks above the resistance level, anticipate an ** uptrend continuation ** and look for long opportunities. 4. **Risk Management:** - Always set a stop loss to manage risk effectively. - Determine the position size based on your risk tolerance and account size. 5. **Profit Targets:** - Set profit targets based on previous swing highs/lows or use a risk-reward ratio that aligns with your trading strategy. Remember, this trade idea is based on technical patterns and should be used as part of a comprehensive trading plan that includes fundamental analysis, risk management, and personal trading experience. Stay vigilant for any news or events that could impact market volatility and adjust your strategy accordingly. Happy trading! 📈
FX:XAUUSD
by itmecrypomania
Worryingly, gold has had an excessive increasePersonal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer to. ------------------ Gold follows the trend around the price range 2176>2180 Sl 2175 TP 2186>2195 Continue spreading Sell GOLD small vol from 2>4 prices on the 219x area. -------------------- Many analysts consider that, despite the fact that gold has skilled a sturdy week of will increase and could in all likelihood keep to boom withinside the close to future. However, investors are involved that if the United States purchaser charge index record for February posted on March 12 will increase, expectancies of hobby charge cuts with the aid of using the United States Federal Reserve (Fed) will keep. keep to prolong. Some specialists are expecting that inflation can also additionally upward thrust quicker than predicted as a right away end result of the spike in electricity costs. Experts warn that gold traders have to be cautious, a moderate boom withinside the inflation index may even motive gold expenses to lower withinside the quick term. President Kevin Grady of Phoenix Futures and Options predicts that the approaching record will create fundamental fluctuations withinside the gold marketplace. Data will assist traders recognize extra virtually approximately whilst the Fed will reduce hobby rates. According to the CME FedWatch tool, the marketplace is forecasting a 97% hazard that the Fed will hold the modern-day hobby charge thru the stop of March and a 70.5% hazard in May. However, the opportunity of the primary hobby charge reduce continues to be high. in June is extraordinarily high, presently at 71.5%. Gold charge forecast Last week, 14 analysts participated in Kitco News`s gold survey. Of which 43% of analysts are expecting that gold expenses will boom withinside the close to future. Another 14% of specialists consider that gold expenses will lower, whilst the ultimate 43% are expecting that treasured metallic expenses will circulate sideways. Meanwhile, 296 votes have been forged in Kitco's on line polls, with the bulk of Main Street traders predicting similarly profits in gold expenses. Specifically, 173 retail investors, equal to 58%, assume gold to boom withinside the close to future. Another sixty seven people, equal to 23%, anticipated that gold expenses could lower, whilst the ultimate fifty six people, equal to 19%, had the view that treasured metallic expenses could cross sideways.
OANDA:XAUUSDLong
by TheLeader_WOLF
GOLD LEVELS FOR 11/03/24🌹 * GOLD LEVELS For 11/03/24 *🌹 * Trading Strategy* These levels are of 5Minute Candle Chart & it should be traded on 1 minute chart on rejection from these levels in with confirmation (pin rejections or Engulfing). *Stop Loss* Below or above these levels. *Take Profit* If next level is near then next level should be tp otherwise 50% of next level should be tp. 🌹 *STRONG SUPPORT & RESISTANCE LEVELS* 🌹 1️⃣ * 2175 support , 2178 Resistance * If any level breach from above then next 2️⃣ * 2169 support , 2178 Resistance * If any level breach from above then next 3️⃣ * 2106 support , 2187 Resistance * If any level breach from above then next 4️⃣ * 1944 support , 2187 Resistance * Now these are the levels where you should look for trade and enter with confirmation (rejection+increase in volume, Engulfing+increase in volume) Always remember you should only look for confirmation & trade on 1 minute chart on these level with stop 🛑 loss just below or above level. *Resistance levels* 1) 2178.09 2) 2181.33 3) 2184.57 4) 2185.79 (week level) 5) 2187 6) 2189.44 7) 2195.91-2195.99 8) 2200.78 9) 2210.49 10) 2220.22 *SUPPORT LEVELS* 1) 2173.23 2) 2168.38 (week level) 3) 2163.51 4) 2158.65 (week level) 4) 2153.79 5) 2151.35 6) 2148.93 7) 2146.50 8) 2144.07 9) 2141.65 (week level) 10) 2139.21 11) 2134.35 (week level) 12) 2129.49 13) 2124.63 (week level) 14) 2119.77 15) 2117.36 (week level) 16) 2114.91 17) 2111.69 (weak Level) 18) 2108.43 19) 2106 🌹 *ROMEO COPY TRADE SERVICE*🌹
FX:XAUUSD
by itmecrypomania
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold surged on Friday, reaching its highest level since early January, surpassing 2,080 as the 10−year US Treasury bond yield dropped by approximately 1.52% following the release of mixed economic data. S&P Global's report indicated an expanding US economy, while the Institute for Supply Management (ISM) highlighted a contraction in manufacturing activity, overshadowing the former report. S&P Global's announcement on Friday showcased the fastest improvement in manufacturing conditions since July 2022. The Manufacturing PMI for February rose to 52.2 from 50.7, whereas the ISM February Manufacturing PMI declined to 47.8 from 49.1. This data prompted a rise in Gold prices as US Treasury bond yields plummeted on expectations of earlier-than-expected rate cuts. Additionally, the Fed's latest Monetary Policy Report suggested cautious optimism regarding inflation control, despite lingering challenges in the tight labor market. Considering these developments and the upcoming week packed with high-impact events, the question arises: How will Gold, as a safe-haven asset, perform in this market scenario? This video will shed light on navigating the current market dynamics from a technical perspective. XAUUSD Technical Overview: In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities. Our focal point for the week is the $2,080 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, a breach below the $2,080 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
Gold costs rose to a report excessive for the duration of the AsGold fees rose to a report excessive in Asian buying and selling on Thursday, in large part way to a sign from Federal Reserve Chairman Jerome Powell that the relevant financial institution will reduce hobby charges in 2024. Gold markets prolonged robust profits from closing week amid developing optimism over US hobby charge cuts, with investors in large part making a bet that the relevant financial institution will start a cycle hobby charge reduce length proper after June. Spot gold rose extra than 0.4% to a report excessive of $2,161.19 an ounce, at the same time as gold futures expiring in April hit a excessive of $2,168.10 an ounce. “The latest rally has been underpinned via way of means of robust investor demand, as the threat of decrease charges has been heightened via way of means of safe-haven buying,” ANZ analysts stated in a report. robust amid growing geopolitical dangers and an unsure financial backdrop.”
OANDA:XAUUSDLong
by MrTrongVo
XAUUSD (Gold) Technical AnalysisXAUUSD Gold has recently surged to a level that corresponds with its previous all-time high. A careful examination of the daily chart reveals that the price has become significantly overextended. In our comprehensive video analysis, we delved into the prevailing trend’s price action and market structure. Notably, we explored the potential scenario of gold retracing to a discounted zone, specifically within the Fibonacci retracement levels of 50% to 61.8%. Should such a retracement occur, it could present an attractive buying opportunity for traders. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading in financial markets involves inherent risks, and past performance is not indicative of future results. Before making any investment decisions, consult with a qualified financial professional and consider your risk tolerance, investment objectives, and market conditions. The author and any associated parties shall not be held liable for any losses incurred based on the information provided in this analysis.
OANDA:XAUUSD
by fxtraderanthony
XAUDUSD: Investment managers eye the dollar for faster settlemenSome funding managers are thinking about converting their price range` running currencies to the U.S. greenback in anticipation of a U.S. flow to shorter securities agreement cycles this spring. The extrade is in reaction to a brand new rule surpassed with the aid of using the U.S. Securities and Exchange Commission (SEC) closing year, which calls for securities inclusive of shares to settle one commercial enterprise day after trading, called T+1, begins offevolved May 28. This extrade is supposed to lessen marketplace danger. The transition to T+1 is posing demanding situations for overseas asset managers, who want to change their neighborhood currencies for bucks to have interaction in shopping for and promoting US securities. Currently, forex trades that fund inventory trades settle in days. Regulators are adapting to make sure those transactions aren't excluded from CLS, the primary multi-forex agreement device for forex (FX) transactions. By running their price range in bucks, custodians can limit the danger of behind schedule bills and failed transactions, as they may not want to transform their neighborhood forex inside a compressed timeframe. Custodians inclusive of BNY Mellon are exploring methods to assist buyers in Asia with the aid of using extending agreement cut-off intervals for a number of the region's most important currencies, inclusive of the Australian greenback, yen Japanese and Singapore bucks, approximately hours. The worldwide head of FX platform income at BNY, said that this extension will permit intraday execution to maintain later withinside the day. CLS, on the request of foreign places regulators, is likewise thinking about the opportunity of changing the cut-off date for sending forex transaction commands for next-day agreement. The employer estimates that approximately $sixty five billion an afternoon in forex trades from asset managers ought to omit the cut-off date. CLS's CEO does now no longer anticipate an operational extrade earlier than the May cut-off date however emphasised that CLS is operating with the marketplace to locate capacity answers to the demanding situations.
OANDA:XAUUSDShort
by Chart_MasterPro
XAU/USD 04 March 2024 Intraday AnalysisH4 Analysis: Bias/Analysis is the same as yesterday's analysis (03/03/2024) -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bullish. -> Has reached EQ. Price has printed a bullish sub-internal iiBOS and internal iBOS. Most likely scenario would be for price to pull back which is the same for W and D1 Price has tapped into a H4 POI and reacted. First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line. 50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Has reached EQ. Price has printed a further bullish iBOS. Internal range established. Bearish CHoCH indicates, but not confirms, that bearish pullback is underway. I have plotted sub-internal structure, which is denoted in red to gain a micro-view of the movement of price due to size of the internal structure range. Intraday expectation is for price to continue bearish, react at M15 POI, or 50% EQ is discount before price continues bullish to target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold prices returned to historic highsGOLD this morning there's no Gap. Currently shifting sideways to accumulate. At this rate, I suppose GOLD can nonetheless growth further, everybody. > This region everybody must discuss with Buy GOLD round 2080>2082 SL 2079 City 2086>2100 If in this day Gold falls thru the Accumulation Zone as above, everybody must watch to Sell Strongly whilst GOLD falls to the 207x Zone. During this period, I additionally wish there might be a mild restoration wave at round 5>10 prices. Let the Sellers get rid of their orders 😊. >This is my opinion. Everyone, please observe alongside to go into the order. If there's any information, I will replace more ❤️❤️ ----------------------------- World gold charges these days stand at a excessive stage because of expectancies of loosening economic coverage through the United States Federal Reserve (Fed) after the discharge of extremely susceptible US financial reports. Although charges have recovered, many analysts are involved that gold may also face difficulties. After on every occasion the treasured metallic breaks the resistance stage, the marketplace fast gets a sell-off cause for profit-taking through buyers. Profit-taking may want to push charges lower back into the variety that has been in area for a while now. Last week, 14 analysts participated in Kitco News`s gold survey. Surprisingly, no person predicts gold charges will lower withinside the close to future. The survey suggests that 79% of analysts assume that gold charges will boom withinside the close to future, the final 21% assume that gold charges will pass sideways. This week, the marketplace will watch for the February non-farm payroll report. This employment information is taken into consideration very crucial through buyers and might do away with the whole lot that gold had final week. . Many reviews say that if global gold charges keep to boom sharply
OANDA:XAUUSDShort
by TheLeader_WOLF
1
Not yet enter yet, Wait for sweep to go down. {4/03/2024}Educational Analysis says XAUUSD may move in this range for some time according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. So Waiting for the market to get liquidated and start to shoot down. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
FX:XAUUSDShort
by VishalBudhrani
Gold Price to Cool Down? Are you guys Shorting GOLD {16/01/24}Educational Analysis says XAUUSD may move in this range for some time according to my technical. Broker - FxOpen This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity. Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
FXOPEN:XAUUSDShort
by VishalBudhrani
1
💡 XAUUSD: Expected to reach a shocking peak in the near futureCentral bank gold purchases have “surged to record levels” in recent years, as regulators seek to diversify reserves and reduce credit risk. China and Russia are leading gold purchases, while India, Türkiye and Brazil are also increasing bullion imports in large quantities. Citi Bank experts said: “The most likely path to $3,000/ounce of gold is the rapid acceleration of an existing but slowly developing trend - de-dollarization of banks. central banks in emerging markets, thereby leading to a crisis of confidence in the US dollar.
OANDA:XAUUSDLong
by Stone_Haven
3