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Xauusdforecast

XAU/USD Shorts from 2030.000 or 2052.000Gold has experienced choppy price action, likely due to the recent attainment of all-time highs. Currently, it's caught within a range, with a breakout anticipated soon given the substantial liquidity buildup on both sides of the market. However, my focus is primarily on short-term selling opportunities, aiming to drive prices towards the 1990 mark. I've identified two potential points of interest for potential sells: the 20-hour supply zone near current price (A) and another atop the Asian high where supply (B) resides. Although there are equal highs and the possibility of upward movement, I anticipate the next significant bullish rally to originate from the daily demand at (C). Confluences for Gold Sells are as follows: - Lots of Asian lows below as well as a daily demand that needs to be mitigated. - Build up of liquidity needs to be swept before price decides to make a new bullish rally. - For price to maintain its bullish trend it must come down to a valid demand i.e. (C) - Clear supply zones are remaining, indicating potential selling opportunities and the possibility of a distribution pattern forming. P.S. I maintain a bullish outlook on gold; however, current trading conditions indicate a consolidation phase. My approach is to wait for an A-grade setup to materialize in either of my supply zones. If such a setup occurs, I'll consider selling down to the daily demand zone. Have a great trading week and stay cautious. Don't have FOMO let the opportunities come to you!
OANDA:XAUUSDShort
by Hassan_fx
1
The 2024 Gold sell OFF!When analyzing gold versus the dollar, it's evident that we're currently in a downward trend. This week, prices have struggled within the range of 2032 to 2044, and we're presently hovering around 2024.360. During Monday and Tuesday sessions, we anticipate a test of the 2024 support level, possibly dipping towards 2012. While we may find weekly support around the 2012 mark, if the market closes below it by Friday, we could witness a significant break in the downward trend. In this market environment, I'm primarily scouting for selling opportunities, given the stronger selling momentum compared to buying opportunities. It's crucial to exercise caution with gold due to its high volatility; for those unfamiliar with navigating this volatility, observing the highs and lows of the London session and analyzing price ranges can provide insights. As highlighted in the video, my overall perspective on gold remains bearish. Thanks, everyone.
OANDA:XAUUSDShort
by Districtfx
Gold- Important levels to watch for swing tradersIn yesterday's post, I mentioned that as long as the price of OANDA:XAUUSD remains below the recent high, I am bearish. Indeed, initially, the price dropped, reaching a local minimum in 2020, only to aggressively reverse and close the day back above 2030. This prompted me to close my short position at break even and adopt a wait-and-see attitude. As I write this post, the price is approximately around yesterday's closing value, and market conditions remain uncertain. Although I usually have a preferred scenario, at this moment, both the bullish and bearish scenarios are equally probable, and we have two reference levels to consider. Bearish scenario: A drop below yesterday's minimum opens the door to the yearly minimum and, in extension, towards the 1980 area, which represents an important technical support. Bullish scenario: A rise above 2040 opens the door to 2065, an important resistance level, and further towards 2080. As long as the price remains within the 2020-2040 range, the best thing for a swing trader is to stay out of the market.
OANDA:XAUUSD
by Mihai_Iacob
5
XAU/USD 09 Feb 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. Expectation remains as H4 analysis dated 08/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Price printed a bullish iBOS where we are now in the pullback phase. Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS. Price tapped into M15 POI (as shown on chart) where we saw a bullish reaction. Intraday expectation remains the same. Price to target weak internal low at 2001.895 M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold prices take a nosedive as a buoyant US Nonfarm Payrolls (NFP) report throws a shadow of uncertainty over expectations for a Fed rate cut in May. The United States Bureau of Labor Statistics (BLS) recently released robust NFP data for January, revealing a surge in employment with 353K new hires, surpassing the consensus forecast of 180K and the 216K payrolls added in December. Despite market anticipation for a slight increase, the Unemployment Rate remained steady at 3.7%. Adding to the market's jitters, Average Hourly Earnings exhibited a robust growth rate, surpassing expectations. The persistent strength in the inflation outlook has raised concerns among investors. The positive momentum in the labor market is anticipated to shift Federal Reserve (Fed) policymakers towards a more conservative stance, potentially leading to the extension of higher interest rates. In the recent monetary policy statement, Fed Chair Jerome Powell emphasized the need for policymakers to gain greater confidence in the sustained return of inflation to the 2% target. This, coupled with the upbeat labor market data, has created an atmosphere of uncertainty, prompting a significant impact on gold prices. 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 $2,035 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 $2,035 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.
PEPPERSTONE:XAUUSD
by darcsherry
1
GOLD on the rally to collect liquidity? {09/feb/2024}Educational Analysis says GOLD XAUUSD may move in this range for some time according to my technical. Broker - OANDAA.com This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because there are alot of liquidity with fair value gaps and recently it sweep liquidity to the upside, My analysis says it is going to go upwards for more Money, haha 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.
OANDA:XAUUSDLong
by VishalBudhrani
XAUUSD TO PUSH LOWER TO 2017.10 HANDLE then LONGS TO 2070.00Hi All Has been a long time since I actually posted my last trade, the reasons for this trade is based on several confirmation factors. We have firstly technicals, entry price is exactly pinpoint accuracy on 61.8% fibonacci level, RSI and Stochastics which are both reverse engineered algorithms that I personally use to help me identify points of entry (These are my own code, so they are not laggy. Been using them for 9 years) as well as an area of importance and a whole psychological price point being 2017.10. Areas of importance that line up with the fibonacci are areas in the market where banks and financial institutions use to enter as well as capitalise on maximum profit. Not only does the 61.8% fib line up on an area of importance, as well as the RSI + Stoch both will show an abundance of oversold data but this also aligns with the 50 moving average on the daily timeframe, which acts as a support to the blind eye. (Generally areas that the market rejects). ^ 3 - 4 solid technicals confirmations.. Now we have the fundamental data... ------ The USA has recently had a tough back and forth with Iran who are situated amongst the triangle. This being China and Russia are also involved which they came to announce that they will do anything to help their neighbouring country. They've already announced this as well as Iran fighting back in an announcement "Iran's UN envoy warns any attacks will be met with response" - Source: ForexLive. Everyone knows that whenever there is uncertainty in the world, investors flood the XAUUSD market and USDJPY drops heavily. Based on the uncertainty in the market, I believe that the market is yet to drop with todays NEWYORK session we will see an absolute rocket of a climb from XAUUSD given that price enters as I believe financial banks and institutions will drive price down... Slowly... for then when announcements hit XAUUSD will sky rocket... Now this is only my opinion and this is in no way shape or form financial advise. Please take trades at your own risk and do not come to me afterwards. LOL. My entries: 2017.10 Stop loss: 2014.00 (31 pips) Take profit: 2070.00 (529 pips) Thanks all. Saif
FX:XAUUSDLong
by MoneyMaliks
XAU/USD 05-09 Feb 2024 Weekly AnalysisWeekly Analysis: Outlook/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: -> Swing: Bullish. -> Internal: Bearish -> Has reached EQ. Price pulled back following bearish iBOS as per expectation. 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 fractal low. Expectation: Price to target weak internal low. As per analysis of last week, In the event price continues to trade bullish, which it did, the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. Price has once again to reacted to Daily and H4 nested supply levels where we saw a noticeable reaction. Price wicked above high of internal structure but failed to close above. Expectation remains as H4 analysis dated 02/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD-Next move. Short idea!Gold sell idea. Entry: 2046.30 Stop loss: 2052.50 Take profit: 2020.00 Explanation: Given the outcomes of the Wednesday's Fed and Friday's NFP, Dollar set the bullish sentiment for the month of February. I'll be looking for shorts for the whole month ahead, starting with Monday 2046.30 sell limit. Reason for entry: Retracement from Friday to create a new weekly high tomorrow, 61.8% fib which is also Friday NY retracement zone.Stop loss is put above the 78.6% fib, if I get taken out, I'll look for shorts at 2053.00-2055.00. Take profit is the first fibonacci target, which is 2020.00, a little below where volume is sitting at (2025.00). The trade is 4.3 RR. There will be no high impact news this week, only some Fed member speeches and Today's Powell discussion on Inflation and Interest Rates. Cheers!
OANDA:XAUUSDShort
by jg12345gj