XAUUSD: 900 Pips Buying Opportunity! One not to miss! OANDA:XAUUSD price breakthrough 2060$ area and now touched 2080$ region, price rejected where there are equal highs surrounded. Now we expect price to fill the liquidity void area and then continue the bullish trend up until 2150$ which is around 700 to 900 pips move. Let’s see how it works out.
Comment down your views!
Xauusdforecast
#XAUUSD - Multi-year breakout on weekly timeframe confirmedGOLD XAUUSD has confirmed a multi-year breakout on weekly timeframe.
It has been in consolidation mode since 2020 and last weekly candle is the first candle that closed above the big resistance as can be seen on charts.
MA's also are aligned; this definitely looks like its going up 20% in coming months.
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold prices resumed it's upward momentum on Friday, closing the week with gains amid a decrease in US Treasury bond yields. The 10-year benchmark note saw a decline of three and a half basis points, settling at 4.248%. Despite recent comments from Federal Reserve officials suggesting a somewhat hawkish stance, investors responded positively by reducing expectations for Fed interest rate cuts.
The release of the Federal Open Market Committee (FOMC) minutes for January revealed a cautious approach among policymakers regarding rate cuts, particularly in light of recent inflationary pressures. While recognizing a more balanced outlook for achieving both mandates, policymakers emphasized their continued vigilance towards inflation, with economic risks perceived as tilted to the downside. The Fed aims to maintain interest rates in the range of 5.25% to 5.50% for the time being, seeking to assess whether January's inflation data reflects a temporary spike or a sustained trend.
This reluctance to immediately implement rate cuts is seen as a measure to mitigate potential upward pressures on consumer prices. In light of this, the cost of holding assets like Gold, which do not provide yields is likely going to go up. The future movement of safe-haven assets will be influenced by market expectations regarding potential Fed rate cuts.
This video sheds light on the technical understanding of the market structure in other to unravel the potential trajectory of price action in the upcoming week.
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 $2,025 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 $2,025 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.
XAU/USD 28 Feb 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (27/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price reacted to the 50% EQ of the swing range, which is indicated in black to form bearish price action.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is completed is once price breaks and closes below sub-internal structure low to target the weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS. Internal range established.
POI marked with red border is a flip-zone where price mitigated and continued bullish.
Flip zone is also closely located close to 50% EQ.
Intraday expectation is for price to react at H4 POI, strong internal low to be respected. Price to continue bullish to target weak internal high.
M15 Chart:
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
In the 30-minute timeframe, gold appears bullish as it forms a bullish flag pattern, typically indicating a continuation of the previous uptrend. Moreover, the recent impulse move after completing a 61% retracement suggests renewed buying interest and potential upward momentum. Traders may consider monitoring for a breakout above the flag pattern's resistance for confirmation of further bullish momentum.
XAU/USD 26-02 Feb/ 01 March 2024 Weekly AnalysisWeekly Analysis:
Outlook and bias for this coming week remains unchanged.
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line)
As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback.
Anticipate structure to indicate start of pullback phase once price prints CHoCH.
Weekly Chart:
Daily Analysis:
Bias has remained unchanged since last week:
-> Swing: Bullish.
-> Internal: Bullish
-. Sub-Internal -. Bearish
-> Has reached EQ.
Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range.
Price remains, as last week, to be trading within internal high and low.
I have now mapped sub-internal structure in red to gain a micro-view of the Daily Timeframe where price has printed a bearish iiBOS followed by a bullish iCHoCH.
Following Sub-Internal structure bearish iiBOS we are now seeing a bullish pullback.
Price could potentially continue to trade bullish where I would expect to see strong high not being breached, react at strong high before targeting weak internal low.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price is reacting to the 50% EQ of the swing range, which is indicated in black.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is completed is once price breaks and closes below sub-internal structure low to target the weak internal low.
Price could possibly continue bullish, react at H4 POI before continuing bearish move.
H4 Chart:
XAU/USD Longs from 2020.000 up towards 2055.000My outlook for gold this week remains bullish. The robust response we witnessed from the daily demand zone two weeks ago has been a significant driver of the ongoing bullish momentum. I anticipate this trend to persist, and my strategy revolves around awaiting a minor retracement.
I'm particularly eyeing a pullback towards the 6-hour demand zone, which emerged after the upside structural break. Within this zone, I've identified a refined 4-hour area, expecting it to be tested during a potential Wyckoff accumulation phase.
Confluences for GOLD Buys are as follows:
- Price recently responded strongly to a daily demand, prompting a shift in its upward trajectory.
- A clear, untouched 6-hour demand zone emerged, causing the break in market structure and affirming the bullish trend.
- Lots of liquidity still above in the form of asian highs and equal highs that need to be swept.
- Market overall bias on the higher time frame is still very much bullish so this is pro trend.
- Expect price to have a small retracement to mitigate a new demand to continue trend.
- Candlestick anatomy shows that price has strong bullish momentum still left.
P.S. Despite observing an Asian low below my Demand Point of Interest (POI), I anticipate it to remain intact, leading to another upward rally towards the supply zone around 2055.000. In this zone, I foresee a slight price decline, presenting an opportunity to potentially enter short positions.
Gold prices fluctuated in a narrow range as the market anticipatGold upward push 0.1% to $2,025.eighty an oz., whilst gold futures expiring in April rose 0.2% to $2,035.15 an oz. through 00:15 ET (05:15 GMT). Both gadgets are predicted to feature approximately 0.7% this week after falling as a whole lot as 4% over the last weeks.
Bullion fees have additionally remained constant withinside the buying and selling variety of $2,000 to $2,050 according to ounce visible for maximum of 2024 so far.
Expectations for an early hobby charge reduce will regularly lower withinside the context of Fedspeak persevering with to specific its tightening stance.
The outlook for gold stays gloomy as a chain of alerts display that the marketplace keeps to rate in an early hobby charge reduce through the Fed.
XAU/USD | GOLDSPOT | New perspective | follow-up detailsAt the close of last week's trading, Gold has shown resilience by surpassing the $2,000 mark. Recent US economic indicators hint at persistent inflation, despite signals of potential policy adjustments from the Federal Reserve. Notably, Producer Price Index (PPI) data exceeded expectations, underscoring the Fed's ongoing efforts to manage inflation. Additionally, a positive shift in Consumer Sentiment reflects American optimism towards economic conditions. Considering these factors, Gold's trajectory remains intertwined with US economic prospects. Potential upticks in inflation could drive up US Treasury bond yields, leading to anticipated XAU/USD downside movements. Conversely, if inflation aligns with the Fed's targets, the possibility of rate cuts may weaken the US Dollar, potentially supporting XAU/USD upside potentials. This video delves into dissecting the current market landscape to help navigate strategic positioning for upcoming market movements.
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 $1,985 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 $1,985 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions.
#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.
World markets face selling pressureGOLD is presently growing to the rate of 2026. As I cited yesterday, GOLD is presently absolutely on an uptrend.
Today I reminded all people of Canh to shop for GOLD across the 2020>2022 area
Today, all people maintains to shop for GOLD in relation to this rate.
I will add a video with targeted feedback and evaluation soon.
Everyone, please observe this advice for trading!
---------------NEWS--------------
World gold costs generally tend to quiet down below promoting strain after four consecutive growing sessions.
However, the sector gold rate remains pretty strong above the edge of 2,020 USD/ounce and isn't predicted to boom in addition after the USD stabilizes. In addition, the height season for sturdy gold intake in Asian markets is fading away. The marketplace can also remain quiet as expectancies approximately the United States Federal Reserve`s (Fed) economic easing cycle remain driven back.
Recorded through The World & Vietnam Newspaper, at nine:15 p.m. on February 22 (Hanoi time), the sector gold rate turned into indexed at 2,024.10 - 2,025.10 USD/ounce, down 1.6 USD/ounce in comparison to right away previous buying and selling session.
* The global gold rate transformed on the bank's USD alternate charge is presently equal to 60.nine million VND/tael (inclusive of taxes and fees), approximately 17.three million VND/tael decrease than the rate of gold bars bought through SJC withinside the afternoon. .
The global gold rate is presently approximately 11.1% higher (204 USD/ounce) in comparison to the start of 2023. Investors are presently seeking out clues approximately whilst the Fed will reduce hobby prices for the primary time in view that March 2022. Many forecasts say that the Fed will decrease hobby prices at its June meeting.
In the lengthy term, the USD will lower following the Fed's hobby charge cuts. Gold costs hence improved rapidly. Gold is likewise supported through feasible extended instability in Ukraine and the Middle East. There aren't anyt any symptoms and symptoms that geopolitical tensions in those regions will quiet down every time soon. Gold costs are forecast to be supported through bodily gold call for in lots of countries.
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.