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Xauusdlong

XAU is up strongly! 2640XAU / USD trend forecast September 24, 2024 On Monday, Fed regional presidents noted rising risks in the labor market but opposed a 50 bps rate cut, signaling a cautious approach for future meetings. This slowed the XAU/USD rally. However, escalating tensions between Israel and Hezbollah, with the US sending more troops to the Middle East, could boost Gold prices as risk appetite declines. Based on M45, NEW ATH to set up SELL signal /// SELL XAU : zone 2639-2642 SL: 2647 TP: 50 - 150 - 250 pips (2617) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
5
Gold - A Reversal Will Happen SoonOANDA:XAUUSD | Gold is still in a bullish market: After the strong breakout which we saw in the beginning of 2024, Gold started another major bullish market cycle. This cycle is definitely not over soon, but Gold might create a short term correction, which would perfectly line up with the upper resistance of the rising channel. Levels to watch: $2.650 Click chart above to see the detailed analysis👆🏻 Keep your long term vision, Philip (BasicTrading)
OANDA:XAUUSDLong
by basictradingtv
1
XAU/USD UpdateGold prices are pushing higher, defying expectations amid the strengthening U.S. dollar. Despite the dollar's growth, the precious metal continues to climb, hitting new highs with no visible resistance in sight. The geopolitical landscape is providing a strong tailwind, further fueling its upward momentum. Currently, gold is trading close to its all-time peak, as buyers maintain their bullish stance. The backdrop of recent Federal Reserve statements, China’s aggressive economic stimulus (with the People's Bank of China launching an unprecedented wave of support), and heightened geopolitical tensions in the Middle East are all supporting the rally. As the largest consumer of gold globally, China's economic moves add a significant layer of influence to the metal’s trajectory. Gold traditionally benefits during times of geopolitical instability, and the current situation is no exception. Moreover, the Federal Reserve continues to hint at a potential 0.5% rate cut, adding more fuel to the bullish sentiment. Key resistance levels are marked at 2634 and 2640, while support can be found at 2623, 2614, and 2602. The broader outlook suggests that gold’s upward trend is poised to persist. Should it manage to consolidate above the previous day's peak, a further advance toward 2650-2660-2675 becomes likely in the medium to short term. However, with significant news on the horizon, a brief correction may occur before the next leg up.
OANDA:XAUUSDLong
by lonelyPlayer0
XAUUSD: 24/9 Today’s Market Analysis and StrategyGold technical analysis Daily resistance 2650, support 2584. Four-hour resistance 2650, support 2620-2600 Gold operation suggestions: Yesterday, the technical side of gold stabilized above 2613 and continued to fluctuate and consolidate with bulls. The bulls in the US market rushed to break through the 2634 mark and then fell back and fluctuated. Finally, it closed near the 2625 mark. The overall price maintained a high and strong consolidation. Although the increase was not large, the short-term bullish thinking was still the main focus. From the current market trend, today's support below is around 2620-2610, and the upper pressure continues to focus on 2645. Wait patiently for the key points to enter the market. BUY:2618near BUY:2604near Technical analysis only provides trading direction!
TVC:GOLDLong
by ActuaryJ
World gold prices continue to increase, reaching new ATH💵 XAUUSD 💵 ➡️GOLD yesterday continued to increase above 263x then decreased again and reacted around the 262x area from last night to the present. Today I will continue to watch Sell Gold Over 3x according to RSI's reaction. Buy on large frames and reaction patterns Resistance and Support above. ➡️ Everyone, please refer to the Plan for Today 💵Sell Gold 2631-2634 ❌SL 2637 ✔️TP 2624>261x ⚠️If Buy Today I will wait below 261x. ----- Forecast Gold continues to benefit from the Fed continuing to cut interest rates twice before Christmas; Unstable geopolitics, inflation... In addition to the Fed, central bank meetings in Switzerland and Sweden are expected to cut interest rates this week, when most global central banks will begin their easing cycle. liquid parallel to the Fed. Investors are now waiting for signals from the Fed and the US economy will report this week as a series of Fed members, most notably Chairman Jerome Powell, will speak in the coming days. PCE price index data - the Fed's favored inflation measure - will also be released on Friday and will likely influence the central bank's plans to cut interest rates further./.
OANDA:XAUUSDLong
by TheLeader_WOLF
XAU/USD Analysis (Hourly Chart)In the current XAU/USD hourly chart, the price is moving within a well-defined upward channel, making a series of higher highs and higher lows. Channel Boundaries: The price action respects both the upper and lower boundaries of the ascending channel, showing clear bullish momentum. Key Reversal Zones: We observe a series of pullbacks near the upper boundary, marked by the red circles. These zones indicate potential areas of short-term resistance where selling pressure tends to increase. Each time the price hits this level, it retraces before making another attempt higher. On the other hand, the green circles represent areas of support near the lower boundary of the channel. These are significant as buyers stepped in at these points, pushing the price back up. Trend Continuation: The trend remains intact as long as price continues to respect the lower trendline. The most recent bounce off the lower boundary near 2,610 USD suggests that buyers are still in control. Key Resistance & Support Levels: Resistance: The upper boundary around the 2,635–2,640 level is a crucial area to watch for potential price rejection. Support: The lower boundary around the 2,610 level is acting as a strong dynamic support level, where price is expected to find buying interest. Outlook: If the price continues to hold above the lower boundary, there’s a good chance we could see further upside movement, potentially testing the upper boundary again. However, if the price breaks below the lower trendline, it might signal a potential trend reversal or deeper retracement. Conclusion: XAU/USD is in a bullish channel. Traders can consider buying near the lower trendline and targeting the upper boundary, with a close eye on key support and resistance levels for potential breakouts.
PEPPERSTONE:XAUUSDLong
by LegacyTrendX
Gold 1H Analysis: Bullish Reversal at Key Support ZoneGold has found solid support at a critical price level on the 1H timeframe. This support coincides with the lower boundary of the FIB cloud, which often acts as a dynamic support zone in trending markets. The recent price action indicates a potential reversal from this level, suggesting an opportunity for a long position as buyers step in. Technical Setup: • Support Zone: The price has reacted positively at the lower edge of the FIBcloud indicating a possible bottoming pattern in the short term. • Candlestick Formation: A bullish engulfing pattern has formed at the support area, reflecting increased buying interest and potential upward momentum. • Trend Analysis: The broader trend remains bullish, and the current pullback to the support zone provides a low-risk entry for continuation higher. Trade Idea: Entry: Initiate a long position at the current price level around the support zone. This entry point is supported by strong technical confluences, enhancing the probability of a successful trade. Target: • Primary Target: Aim for the previous resistance level around 2,623, where the price is likely to encounter the first significant barrier. • Secondary Target: A further target can be set higher around 2,626, aligning with a major resistance level or a previous high. • Stop Loss: Place the stop loss just below the identified support area and the recent low around 2,610. This placement minimizes risk and prevents premature exit if there is slight volatility. Fundamental Justification: • Gold’s recent retracement is largely driven by a short-term profit-taking scenario, despite a favorable macro backdrop for safe-haven assets. Continued concerns over global economic uncertainties and potential dovish signals from central banks are likely to support further upside. • Upcoming data releases and geopolitical developments should be closely monitored, as any significant shift could accelerate the movement towards the upper targets. Risk Management & Trade Adjustments: • If the price decisively breaks below the current support zone, exit the trade and look for new setups. This would invalidate the current bullish outlook and signal a potential shift in market dynamics. • Consider trailing the stop loss as the price moves in favor, securing profits while allowing for further upside movement. Conclusion: This long position on Gold capitalizes on a well-established support level and bullish market structure. With a favorable risk-to-reward ratio and supportive technical indicators, this trade offers an attractive setup for those looking to capture the next leg higher in Gold’s price action. Remain vigilant for any fundamental changes that could impact the trade. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
Gold Surges Above 2600—Prepare for a Potential Reversal After enjoying a pleasant weekend, we’re back to the action-packed market. Gold unexpectedly broke through 2600, reaching a high of 2631 today. Unfortunately, our short positions from Friday were caught in a trap. However, there's no need to worry—trust me, a significant drop is inevitable, and it might be more dramatic than we anticipate. Currently, the 15-minute chart indicates a potential for a small rebound, while the 2-hour chart signals bearish momentum. Based on this setup, it's likely that a head and shoulders pattern could form. Our strategy should be to increase our short positions above 2620 and patiently wait for the decline to unfold.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
XAUUSD:Bearish intraday Last Friday, gold made a strong breakout above resistance, stabilizing above 2600. Today’s opening continues to show slight consolidation at high levels. From a technical perspective, the short-term outlook is bearish, indicating that at least one retest of the 2600 support is needed to determine if there is further upward momentum. In my personal view, a deeper pullback is more likely. By early October, there’s a high probability of a return to the 2550 level. Thus, my mid-term strategy will focus on short positions. For intraday trading, the key focus will be on the 2600 support area—if it holds, a long position around that level could be considered.
OANDA:XAUUSDShort
by Mia-Signal
Gold Shines as Dollar Dips: A New All-Time High in SightHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD . In the daily timeframe, gold has formed a symmetrical triangle followed by a breakout above the upper trendline. Recently, the price retested this trendline and continued to move upward. Analyzing the trend, gold remains above the EMA34 line, indicating a bullish trend. Additionally, the MACD has made a bullish crossover, signaling upward momentum. With these technical indicators aligning, we are looking at a potential continuation of this upward movement toward Target Area 1 at 2,625 or even Target Area 2 at 2,739. However, bears might find some hope if the price manages to break below the support level at 2,426. The bullish trend is also supported by fundamental factors, as Federal Reserve Chairman Jerome Powell recently confirmed that interest rate cuts are likely in the near future. This has weakened the dollar compared to other currencies and commodities, further boosting the appeal of gold. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. " Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OANDA:XAUUSDLong
by financialfreedomgoals101
XAU/USD Sell to buy idea, from 2,590 or 2,560This week’s analysis for gold suggests that the price will slow down and begin to distribute. Once the price corrects and retraces to one of my nearby points of interest (either the 10-hour or 5-hour demand zone), I'll be looking for re-accumulation to occur on the lower time frames. Once this re-accumulation is confirmed, I’ll be looking for buying opportunities to continue the upward trend. I expect this move to happen later in the week, depending on the volume and how long it takes for the price to consolidate and break out. Key confluences for gold buys: - The price has been bullish on both lower and higher time frames. - Two clean demand zones have triggered the recent break of structure. - A bullish move is pending a pullback. - The dollar is bearish, which supports gold’s upward movement. P.S. If the price starts to decline and shifts in character, I’ll be looking for a supply zone to potentially catch a short-term sell down toward the demand level.
OANDA:XAUUSDLong
by Hassan_fx
OfficialKieranTrewick | XAUUSD 2HR Analysis | 3000? All time high crazy! Charting new territory the precious metal is at it again, starting the week with a suitable correction down to the previous 25% quarter level and dynamic support whilst creating a fresh higher low before the latter week ascent that broke through the 3 day resistance pivot level and into the 2600s where it just continued pushing until market close on friday evening. Whilst it just undercut the new 75% quarter level because of the close I can see that price slowed down upon reaching the dynamic resistance level and quarter level of 2525 indicating that we could see another correction down to 25% and the key pivot zone identified which aligns with both dynamic support lines before continuing its ascent into the upper 2600s. Due to the recent bullish momentum it is important that we follow price and trade with the confirmations that are created not chase what we want to happen, basically meaning price can still go up before any correction happens and analysis is a footprint to possibility not something to be traded based on but something to be used as a toolbelt essentially giving us a list of confirmations that can increase the probability of a trade that of which can always change. If you like this idea please drop a like and share it with your friends so they too can be in the loop with golds potential movements in the coming week. Analysis Conducted by OfficialKieranTrewick
OANDA:XAUUSDLong
by OfficialKieranTrewick
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OANDA:XAUUSDLong
by Atom_Indicator