Bears piled into gold ~2035, seeking move to 2000Bearish engulfing day saw it closed beneath $2020 - a level it has flirted with but mostly respected as S/R on a daily close basis. This level was also tested on the 1-hour chart - which means support became resistance.
A triple top formed on the 1-hour chart, and bears entered ~2035 to help it break below 2020, before volumes diminished. (Bears are short at the highs and may not want it to break back above the 2020 area - where a swing high formed on the 1-hour).
Daily low found support at the prior HVN (high volume node), so a bounce may be due.
We're ideally looking for a retracement towards / up to $2020 ahead of its next leg lower toward 2000 - 2005.
Xauusdforecast
Gold will definitely test the 2000 mark again,keep shorting goldDear friends, after touching the channel pressure near the 2036 position today, gold fell again under pressure. The current lowest has touched the 2011 position, and is currently testing the support strength of the triangle channel. In recent days, I have been reminding everyone in my articles that gold is under short-term pressure from the triangle channel resistance. In recent days, we have been repeatedly shorting gold around the 2030-2032 area in our transactions, and we have made very good profits in our transactions.
Gold is currently testing the channel support area near 2011-2009. If gold falls below this area, then gold will definitely test the 2000 integer mark again. Therefore, for the next trading rhythm, since gold has fallen below the level and the short trend is obvious, then there will be a certain continuation in the later period, so in terms of trading, we mainly focus on shorting gold after the rebound.
I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. 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.
xauusd: Will gold reach 1900?Hello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Gold has continued its downward trend this week, with further pressure expected due to the renewed rise in DXY. Personally, I anticipate another decline in gold, so my trading advice for the near term is to wait for an upward movement before continuing to short.
Key resistance levels to watch are 2040-2050-2060. Scaling in short positions can be considered upon reaching this area, with target zones focused on 1980-1960-1940.
I update market analysis daily and also send accurate trading signals within Luke's group to help ensure the long-term stability and profitability of your account. Don't miss out!
GOLD READY TO TREND CHANGE Gold is in consolidation zone and today USA session will decide gold will break 2040 resistance and towards $ 2060 . and yesterday Death cross area is invilated.
As Bond Yields and DX were Trading on huge decline yesterday session (DX comfortably Trading above the Hourly 4 chart’s Resistance zone and Bond Yields on spiral uptrend), current environment is far away from Gold friendly.
At moment we have three possible scenarios
The price directly drops from the 2034 price action. OR
Wait for the resistance level and short from between the $2037 & $2042 zone. OR
If the price action break the $2040 resistance then we can expect the price will easily hit $2060.
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame. Completed Impulse and Correction as Symmetrical Triangle in Short Time Frame. " 12345 " Impulsive Waves and " A " Corrective Wave Completed. Triple Top Pattern in Short Time Frame.
GAZA ceasefire for 1 month? xauusd will sideways?Gold today. Let's continue to sell, everyone. Today's Price Range I will enter according to Frame D1 and H4.
> Today's selling rhythm I will wait around the price range 2032>2038
SL 2040
City 2024>201x
>In the Buy zone, you can buy according to RSI. Because the current price range is quite balanced between buyers and sellers. But on the large frame, I still see the same Gold with a deep decrease of 199x.
>If you don't understand, you can watch today's video again. I analyze the trend quite clearly 😊 😊
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Sources reveal: All parties in Gaza are brokering a month-long ceasefire!
1. Israel and Hamas have agreed in principle to a one-month ceasefire plan that would see Israeli hostages exchanged for Palestinian prisoners. However, the plan still leaves disagreement on how to permanently end the war in Gaza.
2. Mediation efforts, led by Qatar, the United States and Egypt, have focused on releasing Israeli hostages in phases, starting with civilians and ending with military personnel.
3. Despite some progress, reaching a final agreement still faces many obstacles, especially regarding the conditions for a lasting ceasefire.
4. Hamas is seeking an overall "deal package", while Israel wants to conduct negotiations in stages. Hamas demanded guarantees that the second phase of the deal would be implemented before agreeing to an initial ceasefire.
5. Israeli Prime Minister Netanyahu is facing pressure to reach an agreement, especially from members of the government and the families of the hostages.
6. The United States, along with Qatar and Egypt, is pushing for a ceasefire, and the United States has pledged to support a longer "humanitarian standstill."
7. Most recently, negotiations have focused on releasing all hostages, providing humanitarian assistance to Gaza, and releasing Palestinian prisoners.
GOLD XAUUSD Trade IdeaLooking at GOLD XAUUSD on a 4H chart we can see a bearish break off structure with a series of lower lows and lower highs with the exception of a previous liquidity run. Given the trend I'm looking for a short opportunity with targets at the current price swing low and previous swing low as shown on the chart. This information is for educational purposes only and not to be considered financial counsel.
XAUUSD - Gold prices suddenly escalated todayGOLD: Gold price in yesterday's trading session mostly fluctuated in a narrow range from 2022-2030 and did not surpass the 2030 price reaction zone. This shows that the short-term trend of gold will likely remain positive. cumulative decline with the short-term goal of retesting the 2015 area. In the current context, the USD is recovering. You can consider selling GOLD around 2030
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******NEWS:
The global spot gold price was around $2,019.3/oz, down $2.7/oz from overnight. Comex New York April 2024 gold futures price is $2,041.4 per ounce. Gold prices fell slightly at the start of US trading. The upward trend in precious metals was limited by improved economic indicators at the beginning of the year. Expectations in the market that the Federal Reserve (Fed) will cut interest rates soon are waning. Retail sales rose 0.6% in December 2023 from the previous month, beating economists' expectations and showing Americans are still driving the economy with spending, according to the U.S. Department of Commerce. she.
The US stock market was very strong when she started trading. The recovery in the US stock market has also had a negative impact on precious metals, as equities are an asset class that competes with gold and silver.
The US dollar index is slightly lower. Nymex crude oil prices rose slightly to around $73.75 per barrel. The yield on the 10-year U.S. Treasury bond is currently 4.107%.
Meanwhile, China left its main interest rate unchanged at the People's Bank of China's central bank monetary policy meeting. This is unfortunate for price speculators in the raw materials market.
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*******gold price prediction
Kitco's latest weekly gold survey shows that both institutional and retail investors are bullish on gold prices this week.
According to Wall Street, 42% expect gold prices to reach higher levels. 29% expect prices to fall, and the same proportion have a neutral opinion on gold.
Mark Chandler, CEO of Bannockburn Global Forex, said geopolitical tensions and escalating conflicts in the Middle East have had a smaller impact on gold prices than expected.
Investors are focusing on the US GDP and central bank meetings in Japan (Bank of Japan), Europe (ECB), and Canada in the fourth quarter of 2023.
Gold is under pressure and short selling continuesDear friends, gold has fallen back to the 2020-2015 area as expected. I have advocated short gold in recent trading days, and we have also made relatively good profits in the gold short position. Gold is currently under short-term pressure in the 2030-2032 area of the day's high, so in short-term trading, we can short gold around the 2026-2030 area.
At present, we can see from the rebound process of gold that the rebound of gold is relatively weak, and it will fall back immediately after the rebound, and the pressure from above is relatively strong. As long as gold fails to strongly break through the 2040-2045 area, then gold as a whole will still be in a short position, so we try to focus on shorting gold at high levels in our transactions. When gold breaks through the resistance area, we will adjust our trading strategy according to the market.
I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. 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.
Gold still has potential to fall back to 2020-2015 zoneDear friends, after hitting near the 2019 position, gold then rebounded and is currently trading near the 2029 position. Has gold stopped falling, stabilized, and started rising again?
In fact, compared to the current gold, before gold breaks through the 2040-2045 range, gold as a whole is still in a short pattern. Only when gold rises and breaks through the 2040-2045 range, will gold completely get rid of the short pattern. For the short-term level, the short-term level of gold is currently suppressed by the intraday high in the 2030-2032 range, so gold is relatively weak during the rebound. In addition, from the perspective of the US dollar, the US dollar index is supported by the 103.15-103 area, which limits the room for the US dollar to fall and also puts certain pressure on the gold market. Therefore, after gold rebounds, it still has the potential to fall back to the 2020-2015 area.
Therefore, in short-term trading, we cannot see that gold has risen for the time being, so we start to chase gold in large quantities. At present, gold has rebounded to near the 2029 position and faces short-term resistance in the 2030-2032 area, so I think we can continue to short gold around the 2028-2030 area. I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. 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.
Gold will also test 2020-2010 area support againDear friends, after gold rebounded to a maximum near the 2039 position, it then fell back and hit a minimum near the 2022 position. At present, it has rebounded relatively and is trading near the 2029 position.In fact, compared to the current gold market, the market has been keen to kill a group of staunch short supporters and long supporters in the past two days, and the up and down fluctuations have been very thorough. Regarding the current gold market, I mentioned in my article yesterday that gold does not have the conditions to hit the 2050 position again in a short period of time, so gold will definitely fall back after rebounding.So today I shorted gold mainly around the 2025 position and the 2035 position in my trading. There is still a certain amount of profit at present.
Since the current lowest level of gold has touched near the 2022 position, do you think now is an opportunity to go long in gold? I don’t think so. Since gold currently falls below the 2030 position, the short-term will be under pressure in the 2030 position area, and I think there is still room for gold to fall. Gold should at least test the 2020-2015 area again. So now I do not advocate short-term long gold. Relatively speaking, we can still short gold near the 2030 position.
I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. 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.
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Fib retracement(0.618) Key Area (Bearish Cycle)As we were optimistic on last Friday reversal from $2040-$2042 area that's now at moment 0.618 Fib retracement point as critical point. However ,bullish cycle are aggressive without any indication due to the global political conflicts.$2020-$2042 is the area of consolidation our forecast towards short on medium term till $1982.movever, if $2042 breaks then bullish cycle will be activated properly.
Clear bullish gold moves for this week incomingI have published my ideas for a bullish uptrend for XAUUSD this week
1. Chart shows a clear uptrend and certain support zones have been respected
2. Overall outlook looks bullish and this trade is in my eyeliner for this week
3. Three clear Tp's to work from and if we break TP3 I see a clear run to the 2080 area again
4. Will keep an eye on international scenarios & news to see if anything plans into our bias
Good luck all and I hope the charts are kind to you this week
GOLD on RecoveryGOLD is on killing spree towards on bullish cycle which is very lopsided and broke the the lower high $2020 S&R and now aiming to $2037-$2042 Resistance area where recovery is possible .However, throughout yesterday bullish reversal are very aggressive and broke $2020 zone easily with asymmetrically moreover the bond notes are on yearly higher high .Sellers should wait for the next short trades because gold is just on fundamental aggressions .Keep in mind if the $2042 area broke then stay away from shorts.
XAUUSD | GOLDSPOT | New perspective | follow-up detailsThe price of gold surged significantly on Friday, driven by a risk-averse sentiment stemming from escalating tensions in the Red Sea. The US and the UK responded to Houthi's attack on a US ship on Thursday, prompting a surge in gold purchases as the conflict in the Middle East intensified. Additionally, the yellow metal received a boost from the decline in US Treasury bond yields, fueled by growing speculation that the US Federal Reserve would embark on aggressive rate cuts as early as March.
Simultaneously, the latest US inflation report unveiled that producer prices, or the PPI, fell below expectations, with the monthly PPI dropping by -0.1%, contrary to the anticipated 0.1% increase.
As of now, the market sentiment remains inclined towards an upward trajectory, following a rebound from the weekly lows in price action.
XAUUSD Technical Analysis:
In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities.
The $2,035 zone will be our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then a continued buying pressure above this zone will serve as a platform for new highs. However, if price action drops below the $2,035 level and selling pressure persists below the zone, we could witness renewed selling pressure.
Dive into the latest Gold market dynamics! Stay informed for 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.
Will it be Black Friday when gold will reverse strongly?
OLD last night had a recovery to Zone 202x. As for the Current Price Frame, I see that Gold can still increase further at this momentum.
> As Price Margin Today everyone refer to Regional Selling Soup 2026>2028
SL 2030
City 2018>2008.
If Bien Gold now breaks beyond this Valuation price range, I will put it in the Buy zone, everyone. There will be a video commenting and sharing in detail later. Everyone, remember to follow this Rib to trade
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Bob Haberkorn - senior market strategist at RJO Futures - assessed that the market is skeptical about the Fed's ability to cut interest rates and that is putting pressure on gold prices.
Experts predict that geopolitical risks will continue to support and keep the price of this precious metal at about 2,000 USD/ounce.
Tai Wong, an independent metals analyst in New York, said that political risk is currently the most important factor causing gold prices to remain above 2,000 USD/ounce. This expert also predicted that the upcoming gold price will stabilize at above 2,020 USD/ounce.
Gold will fall after rebounding, what do you think?Dear friends, today gold hit its lowest level near 2006, and then rebounded. Currently, gold has rebounded to near 2023. Is the power of gold bulls returning strongly? Will gold hit the 2050 position again?
In fact, the current rebound in gold is mainly due to the following reasons: 1. The conflict in the geopolitical situation has led to an increase in safe-haven buying, supporting the rise of gold; 2. There is a need for a rebound and correction after gold fell sharply; 3. After gold fell sharply, buying funds were slowly flowing in to stimulate buying.These three points support the rise of gold, so will gold hit 2050 again? I don’t think gold has the conditions to hit 2050 in a short time. Because the current short-term rebound of gold can only be regarded as a rebound correction after a decline for the time being, and a trend reversal cannot be determined. In addition, the market will not easily unwind funds that were trapped at high levels in the early stage. Therefore, gold will fall back again after rebounding.
Therefore, in short-term trading, we cannot start chasing gold in a large amount just because gold has risen. At present, gold has rebounded to near the 2023 position and faces short-term resistance in the 2026-2028 area, so I think we can continue to short gold around the 2023-2025 area. I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. 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.