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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
XAU/USD | GOLDSPOT | New perspective | follow-up detailsOver the past week, the price of Gold has been fluctuating between $2,000 and $2,035. This is because buyers seem to be taking a break, indicating a neutral to bullish outlook on the daily chart. Furthermore, the USD's recovery, driven by market adjustments related to the Federal Reserve and the resilience of the US economy, is putting pressure on the price of Gold. Despite soft Personal Consumption Expenditures (PCE) figures from the US in December not causing a significant market reaction, there is anticipation surrounding the Fed's upcoming meeting. Currently, the markets have shifted their expectations for the start of the easing cycle from March to May, but the Fed's stance could alter these expectations. While US economic data remains strong, the Fed could use trends in core PCE to justify implementing rate cuts. The Gold price (XAU/USD) is expected to see changes following the release of the US Core Personal Consumption Expenditure – Price Index (PCE) report for December, which indicates a slower pace of price growth than anticipated by market participants. Annual underlying inflation data has slowed to 2.9% from an expected 3% and a previous reading of 3.2%. Fed policymakers are facing a balancing act, considering robust economic indicators such as consumer spending, the labor market, and Gross Domestic Product (GDP). These factors could support arguments for higher interest rates in the first half of 2024. Given the uncertainties, how do we plan to strategically position ourselves for the upcoming week? I have a strong sense that we may experience significant market movement in the coming 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 $2,000 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 $2,000 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
XAU/USD 01 Fed 2024 Intraday AnalysisH4: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish Price has reacted to Daily and H4 nested supply levels where we saw a reaction within premium zone of the internal structure. Expectation remains as yesterday's analysis, for price to continue to trade bearish to target weak internal low. H4: M15: -> Swing: Bullish. -> Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Price has printed a bearish iBOS where we are now in the pullback phase. Sub-structure to internal structure, which is marked in red where price has now printed a bullish iiBOS. Yesterday's Fed news regarding holding interest rates did little to affect price action which remains contained within sub-internal structure Price is currently once again reacting to 50% EQ of the sub-internal range. Expectation remains the same, for price to target weak internal low. M15:
OANDA:XAUUSD
by Khan_YIK
XAUUSD- likely to increase strongly todayGold Last night time there has been information that Manh completed decreasing Manh`s rate through 10. Currently Gold is growing once more in step with the trend. >Last night time, all people looking Gold certainly noticed that Gold dropped to Ma89 in H1 after which extended once more. > Currently, I see Gold has extended. Everyone can watch to shop for GOLD once more across the Price Range 2040>2042 SL 2038 City 2050>2056 > I Haven't Watched Sell This Rhythm Everyone Shouldn't Sell This brief section may be very smooth to dictate and hard to handle ------------------------ At remaining, the spot rate of gold withinside the US marketplace extended via way of means of 4.five USD/ouncesin comparison to Tuesday`s remaining session, equal to an boom of greater than 0.2%, remaining at 2,040.five USD/oz. During the session, at instances the rate of gold extended greater than 1%. Gold expenses fell 1.three% in January, however maintained the important thing mental threshold of $2,000/ouncesat some point of the month. At the quit of the primary normal economic coverage assembly of 2024, the Fed stored the federal budget price unchanged at five.25-five.five% - a choice that changed into now no longer unexpected. However, withinside the press convention after the Fed assembly, Fed Chairman Jerome Powell denied the opportunity that the Fed might begin lowering hobby prices proper withinside the first quarter - some thing the monetary marketplace has been hoping for recently. “I do not suppose via way of means of March the committee could have reached a degree of self assurance sufficient to decrease hobby prices,” Mr. Powell said. Independent treasured metals analyst Tai Wong in New York commented that Mr. Powell made a few smooth statements, however the important message in his press convention changed into still "no hobby price cuts in March." According to Mr. Wong, it has up to now coped pretty nicely with the opportunity that the Fed will begin lowering hobby prices later, however withinside the close to future, US monetary records will strongly have an effect on gold expenses. Having misplaced wish of the Fed's first hobby price reduce in March, investors at the moment are having a bet specially at the opportunity of a Fed price reduce from May. Overall self assurance that the Fed will reduce hobby prices this yr continues to be a aspect helping gold expenses. After the Fed assembly, 10-yr US Treasury bond yields fell under 4%, the bottom in three weeks. However, the Dollar Index measuring the electricity of the USD in comparison to six different main currencies extended to 103.eight points, the best in 6 weeks. These elements create contrary consequences on gold expenses: falling yields help gold expenses, however the growing USD places downward strain on treasured metallic expenses.
OANDA:XAUUSDLong
by TheLeader_WOLF
GOLD BUYING ON DIPS HERE HELLO TRADERS, As i can see gold is holding a strong support zone on smaller and daily TF tecnically + fundamentally geopolitical issue around the world is hot and investors always love this time which happens in Decates safe haven was always the best investor choice & if we have deep look on weekly and daily and 4hr TF on # TVC:GOLD GOLD it showing us a pretty bullish outlook retailers are looking for rate cuts which will not happen soon and betting on base of Labour Markets conditions and outcome numbers ON CPI AND PPI in JAN which show us a retracement which is almost done near @2003 levels friends charts always give us a clear incoming move of the markets if we analsysis perfectlly so in my own view #Gold is bullish till we see further news in rate cuts which i dont think so happen in Q1 and wars esculating is a more demand of safe haven Friends its just an trade idea till design levels share ur thoughts with us we appricate ur love and support it help whole traders community.
TVC:GOLDLong
by APEX_TRADING_ACADMEY
GOLD on 31st Jan 24 :- BEARISHIf #XAUUSD or #gold closes m15 candles and retouch back above 2035.5, it can touch Bullish upto 2050 level. Alternatively, if it goes bearish and retouch back below 2030, then only gold can be bearish upto 2020 level. Join us . #Trading, #StockMarket, #Forex, #Investing, #TradingTips, #TradingStrategy, #DayTrading, #SwingTrading, #OptionsTrading, #TradingEducation, #TradingCommunity, #TradingPsychology, #TechnicalAnalysis, #FundamentalAnalysis, #TradingSignals, #TradingTools, #TradingPlatform, #TradingGoals, #TradingSuccess, #TradingLifestyle, #TradingJourney, #TradingCoach, #TradingBooks, #TradingWebinar, #TradingResources, #ChartAnalysis, #TechnicalIndicators, #CandlestickPatterns, #ChartPatterns, #SupportAndResistance, #TrendAnalysis, #PriceAction, #FibonacciRetracement, #MovingAverages, #RSI, #MACD, #BollingerBands, #VolumeAnalysis, #BreakoutTrading, #ReversalPatterns, #Divergence, #TradingCharts, #ChartingSoftware, #TradingSetup, #TradingOpportunities, #ChartAnalysisTips, #TechnicalAnalysisTools, #TradingSignals, #ChartingStrategies, #TradingAnalysis,#PropTrading, #PropFirm, #ProprietaryTrading, #TradingFirm, #PropTradingProgram, #PropTrader, #PropTradingOpportunity, #PropTradingJobs, #PropTradingCareer, #TradingAllocation, #RiskManagement, #TradingInfrastructure, #TradingCapital, #TradingPerformance, #PropTradingCommunity, #PropTradingTraining, #PropTradingEducation, #PropTradingPlatform, #PropTradingFirmReview, #PropTradingInterview, #TradingChallenge, #TradingEvaluation, #PropTradingRules, #TradingDesk, #PropTradingInsights,#DayTrading, #DayTrader, #IntradayTrading, #Scalping, #DayTradingStrategies, #DayTradingTips, #DayTradingCommunity, #DayTradingEducation, #DayTradingLifestyle, #DayTradingGoals, #DayTradingPsychology, #DayTradingSetup, #DayTradingTools, #DayTradingSoftware, #DayTradingCharts, #DayTradingIndicators, #DayTradingSystem, #DayTradingPlan, #DayTradingSuccess, #DayTradingProfits, #DayTradingIncome, #DayTradingSkills, #DayTradingStrategiesThatWork, #DayTradingCourse, #DayTradingWebinar
OANDA:XAUUSD
by tripplepips
XAUUSD - Strong fluctuations in the last days of the monthOvernight, gold had a sturdy boom to 204x after which reduced to 203x >At this margin, I assume Gold can nevertheless boom strongly again >Everyone these days Can Buy Gold round 2026>2030 SL 2024 TP 2038>204x We advise that each one buyers arrive earlier than 8pm tonight. Currently, the fashion is at the Buyer`s side, so I will now no longer can help you Sell ------------------------------------------- World gold rose to a two-week excessive on Tuesday because it turned into supported through greenback weak spot and decrease Treasury yields whilst awareness became to the Federal Reserve`s coverage meeting. US State (Fed) to higher apprehend how this enterprise will reduce hobby prices this year. According to RJO Futures senior marketplace strategist Daniel Pavilonis, an awful lot of gold's volatility is because of falling yields and the greenback being withinside the red. However, Pavilonis stated that expectancies approximately hobby price selections additionally brought on gold to increase. The Fed's coverage choice might be made on Wednesday. Markets are awaiting the United States Central Bank to depart hobby prices unchanged on the quit of the meeting. Pavilonis, the Fed stated that, with the choice to have a solid marketplace, the Fed won't behavior many hobby price cuts and Mr. Powell can even keep a impartial attitude. Data remaining week confirmed U.S. expenses grew fairly in December, maintaining annual inflation beneath 3% for the 0.33 directly month and doubtlessly permitting the Fed to begin slicing hobby prices. According to senior analyst Ricardo Evangelista at ActivTrades, the Fed's economic coverage stance is presently the maximum crucial driving force of gold expenses. He stated that even the safe-haven enchantment of treasured metals can't counter converting marketplace expectancies round critical financial institution economic coverage. According to this expert, the marketplace's expectation that the Fed will actively reduce hobby prices may want to push gold to $2,200/ounce with a median annual charge of up to $2,100/ounce.
OANDA:XAUUSDLong
by TheLeader_WOLF
GOLD is Going To Break It's Resistance Following about 2 MonthsGOLD has been consolidating for about 2 months within a specific range of about $2000-2075 The month is about to END and we'll see GOLD breaking it's resistance and cross $2050 with great volume next month. Probably NFP and FOMC will be a great factor and pushing GOLD upwards. I'm strongly bullish on GOLD on Higher time frame. Also remember when GOLD goes up ew miss it just because of high green volume along with that it also pushes down with good volume as well so always trade with stops
OANDA:XAUUSDLong
by SaadAkbar
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