XAUUSD New Bull Cycle mapped! Approaching first Resistance Zone?Gold (XAUUSD) has technically started its new Bull Cycle after breaking above the Resistance and previous All Time High (ATH) into green overbought territory. Being overbought in such instances isn't necessarily bearish but suggests that even though the long-term trend is now heavily bullish (and should be for the next year or so), we should look for key Resistances to offer relief pull-backs.
As you can see on this 1W chart, there are strong similarities of the current Cycle (both Bear and Bull) with the previous one (June 2016 - August 2020). The Bear Cycle's come in the form of Cup patterns, while the Bull Cycles start on Channel Up patterns at the bottom of the Bear ones. During the previous Bull Cycle, the 1W MA50 (blue trend-line) has supported all the way from its bullish break-out (December 24 2018) until deep into the next Bear (February 01 2021).
Right now the 1W MA50 has been supporting since October 09 2023, which is shortly after the dashed Channel Up started. That is an important pattern as it currently has a maximum upside to 2350 for a Higher High. The dotted Channel Up on the contrary, which was initiated at the bottom of the Bear Cycle has already touched its Higher High.
This means that Gold's new Bull Cycle is facing its first significant Resistance Zone of the current run: 2300 - 2350. Relative to the previous Bull Cycle, Gold had it's first Resistance rejection on August 26 2019, making a Higher High and started to pull-back for almost 100 days (3 months). As the current bullish trend is significantly stronger than the 2019 one, the dashed Channel Up being narrower, I doubt that Gold will correct for that long, but on the next red 1W candle, we have to consider the possibility for a short-term correction.
The August 2019 one pulled as low as the previous High before the rejection (bold black line). This suggests that 2220 - 2200 is Gold's floor at the moment and shouldn't be broken. Back to its overbought status, the 1W RSI gives a clear indication of that. Once it starts reversing inside an Arc pattern, we will confirm the correction we're discussing now. And after it forms systematically Lower Highs on quarterly intervals, we can expect by the 3rd Lower High to be close to the Top of the Bull Cycle.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Xauusdsignals
🥇Gold Analysis🥇===>>🟡PRZ🟡🏃♂️ Gold is moving near the Support line .
🌊According to Elliott's wave theory , Gold is completing microwave 4 of the main wave 5 .
🔔I expect Gold to rise to at least 🟡 Potential Reversal Zone(PRZ)($2,320-$2,280) 🟡.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold price dropsFrom the current market situation, gold peaked around 2275 before encountering resistance and retracement, with the current low point being around 2229. For now, it appears that the bullish momentum has somewhat eased after a strong breakthrough. Additionally, with the continued strength of the US dollar, a return to a bearish sentiment is quite normal. Gold remains theoretically capable of further testing the 2220 area. Gold's 4-hour chart shows signs of a bearish engulfing pattern forming as it retraces from highs, with a bearish bias two bars are emerging. If gold continues to decline, you should not buy at the current high level. During the decline, it is worth paying attention to the support zone around 2239 before making any decisions. If this level is breached, it could indicate that gold has peaked and any recovery could face further downside pressure. As for how low it could go, it's difficult to say, but it could be significant.
Gold Tuesday Trading Strategy
#XAUUSD 2024.4.2
📉Market Direction
Today, the opening price of the gold gate is above the pivot but below the POC. I like the direction of the POC better so my opinion is BEARISH. We have 2 untested virgin POC at 2214 and 2193 so I expect the price will come back here to test before returning to the main trend which is up.
📉Zone Analysis
- 2261: zone m15
- 2272: is resistance according to pivot
- 2283: is resistance according to pivot
So today we will look at SELL:
Entry Sell: 2261 - 2272 - 2283
Target: 2231 - 2214 - 2193
XAUUSD target hit. Now expect a 2100 reversal.Gold (XAUUSD) hit this morning our long-term 2260 Target, which we called for on our March 2021 (see chart below) idea:
That not only made a Higher High formation at the top of the 5-month Channel Up that started on the November 03 2023 Low but also hit the symmetrical 1.382 Fibonacci extension as the last Higher High on May 04 2023.
This has indeed been a long rise for Gold, which is now looking ahead of an equally lengthy correction, assuming the Channel Up and its top stay intact. If they do, we expect a 6-8 week pull-back below the 1D MA50 (blue trend-line) and towards the 0.618 Fibonacci extension from Gold's last Low.
That gives us a 2100 Target, which could make contact with the 1D MA200 (orange trend-line) for the first time since November 13 2023.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GOLD (XAUUSD): The Next Potential Resistance 🏆
This week, Gold set a new All Time High again.
Executing a Fibonacci analysis, I found the next potential resistance.
Next week, pay attention to 2250 - 2255 area.
It is an important confluence zone and the market may at least retrace from that.
❤️Please, support my work with like, thank you!❤️
Gold continues to be long and profitable, next week?Looking at the daily chart, after gold bottomed out at 2163, the price continued to rise. It broke through and rose sharply on Friday, with an increase of 50 US dollars on the day. The daily chart also closed with a real giant sun. This form also laid the foundation for the bull market in the first half of the year. , the market outlook continues to be optimistic about the performance of bulls. On 4 hours, after gold broke through the pressure of 2200, it closed 5 real big positive lines in a row, and drove the upper track to open upward. Each moving average system diverges upward, and bulls are extremely strong.
How will gold trend next week?
From a technical point of view, the bottom of the gold price continues to rise, the moving average is running in the same bullish arrangement, and the first support level of the moving average is at the 2202 line and the 2200 line platform support is close, the support is obvious
In the future market layout, the gold price once again fell back to the multi-position layout of multiple positions, and as long as it does not fall below the 2200 line, the fallback is an opportunity to go long. I will prompt you with specific operating strategies during the trading session next week, so pay attention in time.
27/3. Will gold prices drop significantly? No, it will continue
26/3. The trend of gold is very science fiction. Like a roller coaster. When it went up, it killed the short sellers. When it fell, it killed the bulls. Dual phase harvester. But I made some profits in both directions yesterday. Friends who are paying attention know it. Yesterday, the gold market once again shot up to 2200 points and then fell back quickly. The reason is a boost in risk aversion. USD pullback. and ECB talk. It gave gold a big boost. However, gold did not stabilize when it rose to 2200, but fell back quickly. It closed near 2177.
There is no particularly big trend at the beginning of today's Asian game. Maintained within a narrow range around 2177. Observed at the daily level, the market is still consolidating at a high level. Observing the hourly line, gold bulls are eager to try. Want to continue to rise. I am more optimistic about the continued rise of gold. News: The Gaza ceasefire agreement is like a bomb, which may explode at any time and increase risk aversion. This keeps the lower support at 2165-2171. Personally, I prefer to buy during day trading.
XUAUSD:2172-2174 BUY
TP:2186
SL:2163
Remember to close the order in time to make profits when operating.
XAUUSD Bullish unless this trend-line breaks.Gold (XAUUSD) is on a short-term uptrend on the 1H time-frame as it is supported by a Higher Lows trend-line since Friday's bottom. As long as this trend-line holds, we are bullish, targeting 2220 (marginally below Resistance 1).
If the price breaks and closes a 1H candle below the Higher Lows trend-line, we will see and target 2150 (marginally above Support 1).
We follow this break-out approach as it was exactly what Gold did on March 20, after it broke above the Lower Highs trend-line and turned aggressively bullish.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY
Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action.
At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage.
Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Gold prices maintain range trading, a narrow range of 2172-2180Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high
Gold remains bullish above 2150Last week, after establishing a solid foundation in the 2150 zone, OANDA:XAUUSD experienced a rapid ascent, reaching a new all-time high at 2222.
However, profit-taking ensued, causing the price to retreat below 2200. Despite a 700-pip drop, the overall structure remains bullish above 2150.
Consequently, my strategy entails buying dips in anticipation of a retest of the 2200 figure.
How much profit can be made from 300k gold trading in one year?Can anyone tell me the actual situation?
I heard from friends that many people on TV don’t know how to trade. Let me take a look. Is this consistent with what my friend said?
I'm Jack. Join tradingview today. I just started posting my opinions. I don’t know what kind of sharing you like to see. You can leave a comment.
Is it technical, fundamental, market sentiment, or real-time trading?
Under the influence of news. Trend trading can be done following leading news. That means buying when the market is rising. Sell when the market falls. This requires some trading sense.
There is no news impact. Then rely on intraday range trading. Refer to technical indicators. Or market sentiment. This is relatively simple.
I believe many traders are experienced. So when I came here. We can talk more and learn from each other.
Of course, I still have good content to share with you.
Gold trading opportunities tomorrow. After opening higher. It will continue to reach a position near 2072-2080. If the position is not reached there is no stabilization. Gold can be sold. So this week will basically focus on selling. If it continues to rise. Then the short-term pullback should still be based on buying. This is what needs to be focused on tomorrow. Remember
London time: 3:16 pm. I'm Jack! See you next time.
GOLD (XAUUSD): Sticking to The Plan! 🏆
The structure support that we spotted earlier on Gold
remains respected and we saw a strong bullish movement from that this week.
Feels like this bullish spike is just a manipulation.
Next week, we will most likely see a test of an underlined blue support one more time.
As I previously said, its bearish breakout will be an important event
that will signify the initiation of a correction movement.
Daily candle close below that will confirm a violation.
A bearish continuation will be anticipated to 2090 support then.
❤️Please, support my work with like, thank you!❤️
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold takes a step back in the wake of sizzling US inflation data and the Federal Reserve's cautious approach towards policy easing. The anticipation of the US Federal Reserve's easing cycle gets a reality check as robust US economic data pushes back the much-awaited commencement. Fed Chair Jerome Powell's call for patience aligns with the hotter-than-expected inflation numbers, reinforcing the need to adhere to the current monetary policy stance until inflation trends signal otherwise.
Currently, the Federal Open Market Committee (FOMC) awaits greater confidence in inflation's return to the 2% target before contemplating rate cuts; with market projections hinting at potential cuts kicking in from the latter half of 2024. The shift in market sentiment from earlier expectations could put a lid on the price surge in the coming weeks.
In this video, we delve into our strategic positioning amidst these market dynamics, offering insights into how we intend to navigate the impending moves in the Gold market.
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 behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,155 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, the appearance of a reversal pattern or a breach below the $2,155 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
#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.
New highest price range from Gold !! $2220 ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has reduced some of its gains made earlier in the day, after reaching a new all-time high during the Asian session on Thursday. However, it is still trading positively for the second consecutive day and is currently around the $2,200 level. The Federal Reserve (Fed) has indicated that it plans to reduce interest rates by 75 basis points this year, which has helped calm the market's concerns about the central bank lowering its projection for the number of rate cuts to just two, despite persistent inflation. As a result, the US Dollar (USD) has weakened from its two-week high reached on Wednesday, further boosting the value of gold.
⭐️ Personal comments NOVA:
Gold price reached an all-time high of $2,220, after the news of the FED's decision to keep interest rates unchanged. Still positive, FOMO from the market, Gold price continues to increase well
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2180 - $2182 SL $2175
TP1: $2190
TP2: $2205
TP3: $2220
🔥SELL GOLD zone: $2210 - $2212 SL $2215 scalping
TP1: $2205
TP2: $2200
TP3: $2190
🔥SELL GOLD zone: $2219 - $2221 SL $2226
TP1: $2210
TP2: $2200
TP3: $2180
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD Starting a new Mega Cycle. One last pull-back in order?Two weeks ago (March 07 2024, see chart below) we explored the possibility of Gold (XAUUSD) starting a new cyclical Mega Rally on the 1W time-frame after the recent bounce on the 1W MA50 (blue trend-line):
This has turned out to be the reality as Gold closed a 1W candle above the Resistance Zone. That is the first signal of the start of the new Mega Cycle and it will get confirmed if the price closes a 1M candle above the Resistance Zone in 10 days time, which is at 2150. If not, one final test of the 1W MA50 before a new All Time High (ATH), may be in order.
Until then, we need to consider the implications shown on the 1D time-frame, where the dominant pattern is a Channel Up. As you can see, the current Bullish Leg has so far repeating the previous one very closely and we are at the (blue) Channel Up stage that may price the new Higher High near the 1.382 Fibonacci extension from the previous High. The 1D MACD invalidating a Bullish Cross, confirms that we may be in a similar situation as on April 04 2023.
As long the 2145 Support holds, we expect 2260 as a Higher High, which should of course close the 1M candle above the Resistance Zone, indicating that the new cyclical Mega Rally may start earlier, without a 1W MA50 (red trend-line) pull-back.
If however the 2145 Support breaks, the above gets invalidated and we will have a sell confirmation. In that case, we will turn bearish, targeting the 1W MA50 and 1D MA200 (orange trend-line) on the Internal Higher Lows trend-line (as on June 29 2023) with 2035 as our Target.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Gold charge these days March 20: Reversal to decreaseWorld gold expenses reversed and decreased after the USD multiplied quite properly withinside the worldwide charge basket. At the same time, americaA economic gadget added information on new home introduction developing quite properly in February.
specifically, the Dollar-Index - measuring the strength of the greenback in comparison to 6 number one currencies multiplied via 0.23% to 103,426 elements at 6:25 a.m. this morning (Hanoi time).
Construction permits in February multiplied via 1.9% over the same duration very last year, a first-rate deal higher than the preceding month`s decrease of 0.3%. The variety of housing starts offevolved offevolved in February multiplied via 10.7% over the same duration very last year, a first-rate deal higher than the decrease of 12.3% withinside the previous month. This information continues to manual the strong growth of the USD, putting pressure on gold expenses.
Along with that, AmericaA Federal Reserve (Fed) held its first two-day meeting in March. The market waited for a easy interest price discount from this agency. However, after inflation information modified into released very last week, it showed that although immoderate interest fees, inflation did now now not decrease as expected. This makes every expert and client trust that the Fed cannot reduce interest fees for the duration of this meeting.
The variety of latest housing starts offevolved offevolved in February sharply increased, that's further forecast to beautify extremely patron requires for goods. Therefore, it may contribute to the growth inside the patron charge index inside the future. Experts anticipate that the Fed cannot reduce interest fees yet, so that you can help the USD strengthen, putting pressure on gold expenses.
XAUUSD : Gold continues to wait for the FOMC meetingGold is under pressure as investors wait for the Fed interest rate meeting
Gold recovered slightly as the USD slowed down and investors prepared for the Fed meeting on Thursday.
During the March 18 session, gold fell sharply from $2,159 to $2,146 when the USD was supported by the increase in US government bond yields before turning up and ending the day around $2,160 when the USD leveled off. Precious metals cannot break out as economic data is still good and the Fed interest rate outlook is still "hawkish".
There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is trading around $2,160.
GOLD (XAUUSD): Important Key Levels to Watch This Week 🥇
Here is my latest structure analysis for Gold.
Resistance 1: 2182 - 2195 area
Support 1: 2143 - 2148 area
Support 2: 2077 - 2088 area
Support 3: 2054 - 2065 area
Support 4: 2035 - 2044 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
Gold rebounds close to pressure level 2158, how to trade
Through the analysis of the golden hour chart, we know that gold first fell and then rose in the early trading, stopping the fall and rebounding at the 2146 line below.
The overall short force is a bit more dominant. In the short term, we will focus on the pressure level above and the effectiveness of the support below. Once the level is broken, the market will continue to accelerate. In the short term, we will continue to focus on short selling on rallies. The idea remains unchanged.
Trading strategy: You can go short near 2158
XAUUSD:Mainly going short tomorrow
Today's short trade was very successful, I hope everyone made money.
Now, after a wave of adjustments, the market is temporarily showing signs of rebound. The focus should be on the resistance of 2168-2172 above. If there is no breakthrough here, the trend will still be short-selling.
Strong resistance is at 2180-2186. From a trend perspective, the probability of breaking through here is low. Unless there is better news favorable to bulls, trading will continue to be dominated by shorts.
Consider the 2145-2134 range below, followed by the vicinity of 2128.
The above is tomorrow’s trading strategy. If you have any questions, please leave me a message.
I wish all my friends who follow me can make satisfactory profits.
XAUUSD:With multiple tops, shorting is the right choice
Gold is currently approaching support, but it is not difficult to see from the shape that shorts have an advantage over bulls. The current 30-minute chart shows that multiple tops have formed on the K-line shape, and the highs are constantly moving downwards.
In this case, our transactions should be mainly short and supplemented by long, which can reduce transaction risks and increase the probability of making money.
The current key support is 2152, followed by 2145 and 2136. When the price reaches these positions, you can try to go long in a small amount. Once you find that the upward trend is weak, close the order in time and switch to short.