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Xauusdforecast

XAUUSD Shorts from 2030.000 down towards 1990.000My outlook for gold this week leans bearish, and I'm on the lookout for nearby shorting opportunities to drive the price towards the daily demand zone. Presently, I'm eyeing a clear 5-hour supply zone as a potential selling point. I'll be patient, waiting for a Wyckoff distribution pattern to unfold within this area before considering entry for my sell positions. The presence of this supply zone has triggered a slight shift in momentum to the downside and left an imbalance, indicating its strength. However, I'm mindful of the trendline liquidity above the zone, which might attract price action to breach it, possibly prompting a reaction from the 22-hour supply zone above. Confluences for GOLD Shorts are as follows: - Price is approaching a 5hr supply zone that has caused a CHOCH to the downside. - Theres an imbalance below that needs filling as well as some liquidity that can be taken. - Zone also lies within the 0.78 fib range and price is also at a psychological level of 2030. - Theres lots of liquidity to the downside that needs to be swept as well as an imbalance. - Price has been moving temporarily bearish short term so this is pro trend idea. - sentimental analysis also shows that gold is bearish as well. P.S.While I hold a temporary bearish stance and focus on the 5-hour supply zone, I'm also considering the possibility of price declining without touching my zone to break its structure and reach the daily demand area. In such a scenario, I'll be on the lookout for buying opportunities to ride the upward movement.
OANDA:XAUUSDShort
by Hassan_fx
1
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold's recovery near $2,030 persists as the US Dollar adopts a sideways trend. Despite a less convincing pullback in Gold, traders have tempered expectations for a Fed rate cut in March. While the precious metal has rebounded significantly amid escalating Middle East conflicts, the short-term outlook remains cautious due to limited upside potential, influenced by diminishing bets supporting an interest rate cut from the Federal Reserve (Fed.) Uncertainty surrounds the US inflation outlook as price growth gradually recedes, counterbalanced by a robust economy fueled by strong household spending. This dynamic adds pressure to inflation and reinforces the likelihood of the Fed maintaining a restrictive monetary policy stance for an extended period. The upcoming monetary policy meeting on January 31 is anticipated to see the Fed holding interest rates steady in the range of 5.25%-5.50%, marking the fourth consecutive time. Market attention will shift to the Fed's commentary on fitting the expected three interest rate cuts within the remaining seven policy meetings of 2024. Notably, Goolsbee highlights the necessity for further declines in housing inflation for a sustained reduction in price pressures, cautioning that inflation reversals could prompt rate hikes. How will we navigate this market environment 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 $2,005 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 $2,005 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:XAUUSDLong
by darcsherry
3
XAUUSD had a 2-input liquidity sweep last night but still returnGold This morning has Recovery Rate again to the 202x area. With the fashion in H4 and D1 as I see it, at this charge Gold can nonetheless fall further. I nonetheless count on that there might be a deep decline in Gold to the 19xx area. >Today`s model of the complete residence on the market across the area, priced 2022>2024 >SL 2026 TP2014>2000 Please plan this fee in line with H4 👌 Today is Friday weekend. I additionally propose investors to be cautious to keep away from dropping final week's profits. --------------------------- Gold fee forecast Many analysts trust that the Fed retaining excessive hobby quotes will push up the fee of making an investment in gold, lowering the enchantment of the valuable metal. Another organization of analysts stated that withinside the lengthy term, gold fees will continue to be excessive, even growth sharply whilst the war withinside the Middle East has unfold to the Red Sea. So gold nonetheless creates a few call for for conventional safe-haven assets. ------ News: Many professionals consider that falling oil charges and the growing USD are elements which might be negative to gold charges. However, gold charges nevertheless hold their present day rate degree because of the weak spot of the inventory market, in addition to the robust decline of Bitcoin. At the equal time, inflation and geopolitical dangers additionally make traders have a tendency to search for this secure haven tool. George Milling-Stanley, leader gold strategist at State Street Global Advisors, analyzed that if inflation is contained, gold charges will stabilize above 2,000 USD/ounce for the duration of 2024. However, all traders` interest is centered on the imminent economic coverage assembly of the United States Federal Reserve (Fed). Many forecasts say that the Fed will probably tighten coverage extra strongly to reduce excessive inflation. Any symptoms and symptoms of recuperation withinside the US financial system will provide the Fed extra room to preserve hobby prices better for an extended time, analysts note. In addition, many professionals are expecting that during the imminent assembly, valuable banks of numerous international locations will preserve hobby prices at the best degree in 23 years.
OANDA:XAUUSDShort
by TheLeader_WOLF
World gold suddenly plummeted last night#XAUUSD ANALYSIS - January 25, 2024 🔴Recommended Sell: 2020-2024 (STOP: 2030) ✅ Target: 2011- 2004 💎 Gold has dropped sharply since the beginning of the week as expected. 💎 This week you should continue to watch to sell down, in yesterday's session the price completely broke the accumulation zone, reaching the lowest bottom of 2011. 💎 Traders can prioritize selling in the near future. (Wish traders to have an effective trading strategy) -------------------- Forecast: Recently, there have been some assessments that the strong increase in gold prices at the end of 2023 has predicted the possibility of the Fed soon reversing monetary policy. The more cautious the Fed is now, the greater the pressure on profit-taking on precious metals In addition, the US stock market's continuous breakthrough to new historic peaks has also reduced the flow of money into the gold market. Thus, in the short term, gold is assessed to have somewhat negative developments. But in the long term, gold is said to be in an uptrend when it is difficult for the USD to avoid a prolonged decline, not only because the Fed will cut interest rates but also due to pressure to reduce the use of the US currency coming from several major economies, including China.
OANDA:XAUUSDShort
by TheLeader_WOLF
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.
FX_IDC:XAUUSDShort
by CityIndex
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.
OANDA:XAUUSDShort
by Dre_Manuel
1
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!
FOREXCOM:XAUUSDShort
by LukeBailey
1
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.
TVC:GOLD
by Forexmaestro121
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 😊 😊 --------------------------- 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.
OANDA:XAUUSDShort
by TheLeader_WOLF
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 ------------------------ ******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. ----------------- *******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.
OANDA:XAUUSD
by TheLeader_WOLF