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XAU/USD 12 March 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterdays post dated 11/03/2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS and subsequently a bullish iBOS. We are now trading within a fractal high and internal low. Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high. Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Has reached EQ. Price has printed a bullish swing BOS and subsequently a bullish iBOS. Due to the size of the internal range I have plotted sub-internal structure which is denoted in red. 50% EQ of the internal range is also denoted in red. Price has printed a bearish CHoCH and bearish iCHoCH which indicates, but not confirms, that pullback is underway. Intraday expectation is for price to continue bearish, react at M15 POI before targeting weak internal high. However, it would be useful to remember that all HTF's are requiring a pullback. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold is still sideways today, CPI news will have a big impactThis morning, Gold is still moving sideways as Qua Me had determined. As for the current price and trend, Gold is still fully mixed on the Ma line from the H1 H4 and D1 frames. > As Current Price today everyone continues to Buy GOLD around the price area 2176>2178 according to Ma89 at M30 and Ma H1 SL 2174 TP 2186>2195 As Qua I said. Today we have Strong News that Gold will most likely rise and then decrease again. ---------------------------------- Gold fees rose modestly as bulls took a damage amid endured sturdy charge momentum. Metals investors wait for the week`s US records factor due out on Tuesday, that's the Consumer Price Index file for February, that's forecast to upward thrust 3.7% y/y ultimate 12 months, as compared with a 3.9% boom visible in January's file. A warming CPI may want to at the least briefly derail the bullish fashion in gold and silver. Key outside markets see less attackable US greenback index. Nymex crude oil fees are barely weaker and buying and selling round $77.75/barrel. The yield at the benchmark 10-12 months US Treasury observe is presently round 4.08%. Analysts at TD Securities stated Friday that they exited their tactical gold positions because the marketplace may want to face better volatility despite the fact that the uptrend stays intact. Ole Hansen, head of commodity approach at Saxo Bank, stated that whilst he's bullish on gold, traders must be touchy to the marketplace's modern-day speculative position. He notes that those sorts of investors can opposite their positions in no time if the marketplace starts to turn. Analysts additionally accept as true with that the gold marketplace desires to witness new investor call for if this upward momentum lasts. While speculators flock to valuable metals, traders maintain to escape gold-subsidized exchange-traded funds.
OANDA:XAUUSDShort
by TheLeader_WOLF
Start considering shorting gold in batchesDear friends, gold is still consolidating around 2180. From a graphic point of view, gold still maintains a bullish pattern, but relatively speaking, the bullish energy is showing signs of weakness.Then gold is likely to see a correction in the short term, and is expected to retreat again and test the strength of the long-short dividing line. In the last article, I reminded that I would choose to be cautious in pursuing long gold in the short term. On the contrary, I would focus on shorting gold in the short term. As long as gold cannot effectively break through upward, gold will at least test around 2160 in the short term, and may even test the 2155-2150 area. So in the short term, in terms of trading, I tend to short gold gradually in batches above 2180, and I hope that today's transaction will bring us good profits. I share detailed trading ideas and trading strategies every day. While we enjoy the trading process, profit is king. Learn from traders who maintain a 95% winning rate, and you will be able to guarantee at least an 80% winning rate. I hope that with my help, we can all make continuous profits in the market! And you can follow the channel at the bottom of the article to get detailed trading signals, trading lots, and TP and SL.
OANDA:XAUUSDShort
by Trader_Manuel
Gold may experience a correction in the short termDear friends, gold is currently consolidating near the 2078 position, and the highest price of gold last week has reached around the 2095 position. Can gold continue to rise and break through the 2095 position? Can we still go long gold in short-term trading? Judging from the gold trend, we can find that a long-short dividing point for gold in the short term is in the 2155-2150 area. So judging from the current graphics, I think it is still too early to say that gold is going to start a major correction. At the very least, we have to wait until the 2155-2150 area is broken downwards, then gold may start a correction trend downwards. As for whether the 2195 position is the current highest point, I think it is not sure yet, but judging from the current trend, there is a peaking signal. Judging from the current trend, gold may retreat to around 2160 in the short term. Therefore, in short-term trading, I will not continue to chase gold above 2180. Based on the current profit-loss ratio, I think it is obviously more appropriate to short gold above. So in terms of trading, I will focus on shorting gold in the short term. I share detailed trading ideas and trading strategies every day. While we enjoy the trading process, profit is king. Learn from traders who maintain a 95% winning rate, and you will be able to guarantee at least an 80% winning rate. I hope that with my help, we can all make continuous profits in the market! And you can follow the channel at the bottom of the article to get detailed trading signals, trading lots, and TP and SL.
OANDA:XAUUSDShort
by Trader_Manuel
Gold Update: Navigating Precious Metal TrendsIn the world of commodities, gold remains a cornerstone of investment strategies worldwide. Recent developments in the precious metals market have sparked renewed interest in gold, captivating the attention of investors globally. From economic uncertainties to geopolitical tensions, various factors influence gold's price fluctuations and market dynamics. As investors seek refuge from market uncertainties, gold retains its status as a sought-after safe haven asset. Analysts vigilantly scrutinize these trends, aiming to provide insights into the evolving patterns that influence the trajectory of this precious metal in the global market.
OANDA:XAUUSD
by LiLy_Happy
2
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