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XAUUSD Wednesday Trend Analysis Gold fell on its first day after the cpi data was released. The current price is 2156. Look at the daily line and 4H line. Gold remains in an uptrend. But there is a downward trend on the 1h line. 1/ Fibonacci first coincides with EMA in the 2165-2169 area. We can try to sell gold. 2/If gold rises and breaks through the 2174 area (the resistance level the day before yesterday), then can we wait/sell gold at 2178-2183 If gold falls directly it could trigger multiple lower resistance levels. The 2131 area is observed as strong resistance and a rebound is likely. The price space of gold is very wide, and we need to judge the trading area based on the specific trajectory. Rather than trading blindly, I wish everyone smooth trading. If my analysis can help everyone, please pay attention and join me, I will update my thoughts.
FX:XAUUSD
by WilliamChloe
XAUUSD GOLD Technical Analysis and Trade IdeaXAUUSD GOLD has encountered a formidable resistance level. In the accompanying video, we meticulously assess various time frames, evaluating the potential for a bullish scenario. Our analysis delves into the intricacies of trend dynamics, market structure, and price action, offering insights for educational purposes exclusively. It is imperative to underscore that the information presented is intended solely for educational purposes and should not be interpreted as financial counsel.
OANDA:XAUUSD
by fxtraderanthony
XAUUSD DAILY ANALYSIS SHORT TERM TARGETS "We've observed a prolonged accumulation phase in gold before the recent rally, indicating a healthy price run. Gold has the potential to reach $2321 as per standard deviation. We may witness a retracement to 2123$ and it is a good spot for short term long also in the Fibonacci levels from 0.5 to 0.7, which would constitute a healthy retracement. If we aim to see another price rally to the first standard deviation, as I've outlined in the chart. Good luck to all traders."
FOREXCOM:XAUUSDLong
by Deotrade1
Worryingly, gold has had an excessive increasePersonal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer to. ------------------ Gold follows the trend around the price range 2176>2180 Sl 2175 TP 2186>2195 Continue spreading Sell GOLD small vol from 2>4 prices on the 219x area. -------------------- Many analysts consider that, despite the fact that gold has skilled a sturdy week of will increase and could in all likelihood keep to boom withinside the close to future. However, investors are involved that if the United States purchaser charge index record for February posted on March 12 will increase, expectancies of hobby charge cuts with the aid of using the United States Federal Reserve (Fed) will keep. keep to prolong. Some specialists are expecting that inflation can also additionally upward thrust quicker than predicted as a right away end result of the spike in electricity costs. Experts warn that gold traders have to be cautious, a moderate boom withinside the inflation index may even motive gold expenses to lower withinside the quick term. President Kevin Grady of Phoenix Futures and Options predicts that the approaching record will create fundamental fluctuations withinside the gold marketplace. Data will assist traders recognize extra virtually approximately whilst the Fed will reduce hobby rates. According to the CME FedWatch tool, the marketplace is forecasting a 97% hazard that the Fed will hold the modern-day hobby charge thru the stop of March and a 70.5% hazard in May. However, the opportunity of the primary hobby charge reduce continues to be high. in June is extraordinarily high, presently at 71.5%. Gold charge forecast Last week, 14 analysts participated in Kitco News`s gold survey. Of which 43% of analysts are expecting that gold expenses will boom withinside the close to future. Another 14% of specialists consider that gold expenses will lower, whilst the ultimate 43% are expecting that treasured metallic expenses will circulate sideways. Meanwhile, 296 votes have been forged in Kitco's on line polls, with the bulk of Main Street traders predicting similarly profits in gold expenses. Specifically, 173 retail investors, equal to 58%, assume gold to boom withinside the close to future. Another sixty seven people, equal to 23%, anticipated that gold expenses could lower, whilst the ultimate fifty six people, equal to 19%, had the view that treasured metallic expenses could cross sideways.
OANDA:XAUUSDLong
by TheLeader_WOLF
XAUUSD Is it starting the new cyclical Mega Rally?Gold (XAUUSD) broke the previous All Time High (ATH) yesterday as expectations over a June rate cut intensified. In order to determine our short-term strategies on Gold we often tend to look at the long-term time-frames for trend recognition. This time we look at the 1W chart and in particular how Gold's previous Cycle compares to today. We could look at those from a 1M (monthly) standpoint but we are particularly interested in making a case of the 1W RSI as it plays a critical role here. As you can see Gold's previous Cycle from 2013 - 2020 is so far highly similar and symmetrical with the recent Cycle of 2020 - 2024. The current ATH break is slightly diverging from the September 04 2017 High as Gold didn't make an ATH then but so did the December 04 2023 High, which was priced purely on fundamentals (geopolitical unrest). You can clearly see the RSI's key role here as despite Gold's new ATH, the RSI has only entered its 4-year Resistance Zone. On those terms, it is no different than the September 04 2017 High. As a result, if we don't see a considerable extension of the current rally, for example a 1M candle closing above the Resistance Zone, it is more likely to see a correction back to the 1W MA50 (blue trend-line). If not and the rate cut expectations prevail, the Mega Rally Phase should start earlier on this Cycle. And as always it will be brutally bullish with the 1W MA50 in support. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
🥇Gold🥇Roadmap🗺️🏃‍♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,174-$2,107) 🟡 🌊In terms of Elliott wave theory , it seems that Gold has completed wave 3 , and we should wait for a correction to the Fibonacci levels and the 🟢 Support zone($2,070-$2,054) 🟢. 🔔I expect Gold to rise again after the completion of wave 4 (at least to the Yearly Resistance(1) ). 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.
OANDA:XAUUSDLong
by pejman_zwin
7
GOLD (XAUUSD) Important Key Levels & Your Trading Plan 🥇 Gold suddenly bounced on Friday, forming a high momentum bullish candle on a daily. The market closed on a key horizontal daily resistance. Bullish breakout - a daily candle close above 2088 will indicate a further bullish continuation. Wait for a confirmed breakout to buy. Alternatively, we may see a pullback from the underlined structure. I will monitor a price action on Monday and look for a confirmation to catch a pullback trade. Let's see how it unfolds! ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
5
GOLD (XAUUSD): Technical Outlook & Important Things to Watch 🥇 Gold remains very weak for 2 weeks. Analysing a daily time frame, we can see that the market is consolidating and trading within a very narrow range. The last 4 daily candles are even trading within the range of a strong bullish candle. That is a perfect example of inside bar formation. Depending on the reaction of the price to the boundaries of that range, I see 2 potential scenarios. If the price breaks and closes below a 2015 level - the support of the range, for us, it will be a strong bearish confirmation. A bearish continuation will be expected at least to 1992 level then. Alternatively, bullish breakout of 2044 will be a strong bullish signal, that will push the prices at least to 2054. Following my previous analysis, I remain bearish biased on Gold and bearish scenario is more highly probable, but let's see. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
XAUUSD One more bearish leg left to 1930.Gold (XAUUSD) maintains its Channel Down status since last December and so far has established the 1W MA50 (blue trend-line) as the current Support having been nearly tested 2 weeks ago. The current analysis is on the 1W time-frame, which offers a highly reliable long-term outlook. As you can see Gold has been on a highly symmetrical 4-year Channel Up pattern (since December 2019) with the recent top (week of December 04 2023) being the latest Higher High. Even though the natural technical target on such pattern is the bottom of the Channel (0.236 Fibonacci retracement level), it is more likely for the downtrend to stop on the 1D MA200 (orange trend-line), which is headed straight for the 0.786 horizontal Fib, which has also been a standard target within this pattern. For us, since there is a Higher Lows trend-line coming straight from the October 31 2022 bottom involved, we will initially target that on the medium-term, on a 193 target and then see if we can short again upon a rebound if the downtrend remains intact. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot