GOLD (XAUUSD): Detailed Structure Analysis For Next Week 🥇
Here is my latest structure analysis and important key levels
to trade on Gold next week.
Resistance 1: 2354 - 2360 area
Resistance 2: 2392 - 2432 area
Support 1: 2215 -2264 area
Support 2: 2194 - 2222 area
Consider these structures for pullback/breakout trading.
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Xauusdsignals
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate retaliation.
Meanwhile, US front, robust US Retail Sales figures from last week triggered a reevaluation of interest rate expectations, propelling the US 10-year note yield to levels not seen since November 2023, reaching a peak of 4.696%. Atlanta Fed’s Raphael Bostic cautioned against persistently high inflation, signalling a challenging path ahead for the central bank. Yet, New York Fed President John Williams struck a more measured tone, highlighting the Fed's data-driven approach and its current stance on monetary policy.
As market sentiment fluctuates, the CME FedWatch Tool hints at a shift in sentiment for potential rate cuts, with September earmarked as a likely window for action. Against this backdrop, this video delves into the technical intricacies of the XAUUSD chart. Through the lens of price action analysis, we unravel the behavioural patterns driving market dynamics and offer insight into potential price movements for the week ahead.
XAUUSD Technical Overview:
In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities.
Our focus for the upcoming week centres around the $2,365 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,365 level, accompanied by ongoing selling pressure, may indicate 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.
XAUUSD. Zones for intraday trading 04/24/2024During the day I trade from these levels.
The history of level development can be seen in my previous posts. They cannot be edited or deleted.
Levels are drawn before the European session, based on volumes. Used as interest levels for intraday trading. When returning to the level, a “reaction” is expected, which can be traded both for a rebound from the level and for a breakdown of the level. The worst option is if we revolve around the level in a flat.
TV does not allow publishing timeframes smaller than M15. It is more convenient to look at reactions to levels and search for entry points on m5-m1.
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XAUUSD: Is there a reversal in gold?
From the point of view of the one-hour chart, gold has broken through the track from the upward channel, and the trend after the breakthrough is temporarily concerned.
If it is a false breakthrough, the trend will return to the channel room, when we still maintain the idea of dips.
If it is a real breakthrough, the lower track of the uplink channel will form a counter-suppression, and pay attention to the performance near 2370 to make a decision!
Today, gold jumped low open, the lowest fell to around 2351, the day's maximum drop of 370 points, around Israel and Iran tensions have cooled, which makes the risk aversion has eased, thus putting pressure on the gold price, from the hour chart is indeed a downward breakthrough, focus on the strength of the rebound to consider short! Want to do more can consider 2344 and 2330 support performance!
I will announce the entry time in my group!
XAUUSD Technical profit taking started.Last week (April 15, see chart below), we discussed the 'necessity' of Gold (XAUUSD) for a medium-term technical pull-back based on its 5-year Cycles:
As you can see, we did get indeed the expected rejection at the top on Friday and this week we have started with almost a -5% already. The 1D RSI Double Topped on overbought territory and now is on a Lower Low. This RSI pattern since the October 06 2023 Low is very similar to the sequence that started on November 03 2022. As you can see on both occasions, Gold traded on Bullish Megaphones.
The 2022/23 Megaphone hit the 0.382 Fibonacci retracement level and the 1D MA100 (green trend-line) once its RSI started printing the correction sequence it has now. In fact the 1D MA100 provided the last bounce on both Megaphones (February 14 2024 and March 09 2023).
As a result, we remain bearish on Gold, targeting 2200 (0.382 Fib and potential contact with the 1D MA200) on the medium-term. Ideally, the best level to buy again for the long-term would be when the 1D RSI hits the oversold barrier (30.00) again, but until then we will follow up with many updates.
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1000 pips drop for XauUsd remains my STRONG convictionAs you're aware, I maintain my expectation for a significant correction in the price of $OANDA:XAUUSD. Despite this correction not materializing yet, my confidence in this outlook continues to strengthen each day.
Yesterday proved to be relatively quiet for XAUUSD, with the price exhibiting range-bound movements during both the London and New York sessions. However, overnight, during the Asian session, Gold experienced another spike above 2400. This upward movement was swiftly reversed, suggesting that it was driven primarily by emotional reactions to "war" news.
From a technical standpoint, the signs indicating a market top are becoming increasingly evident, especially following last Friday's blow-off top and today's reversal. Support currently rests around the 2365-2370 range, and once this level is breached, I anticipate a descent to 2325.
Furthermore, considering the broader market structure that would unfold if Gold reaches this level, a decline to the 2280 zone appears inevitable.
Any prices exceeding 2400 (if it reaches that level again) should be viewed as opportunities for selling.
XAUUSD H4 - Long SignalXAUUSD H4
We gapped downside on market open and sold off somewhat during the eastern session, this resistance/psychological price of $2400/oz seems to hold well for the moment.
Support indicated at $2360. This support has also held for a little while too, don’t fix it unless it’s broken, we can simply look to trade this 400 point range until either resistance or support gives.
Don’t go short, go long gold directlyToday, due to the expansion and escalation of geopolitical conflicts, market risk aversion has surged. Gold has been enthusiastically sought after as a safe haven asset. It took the 2400 position in one fell swoop and continued to rise to around 2417. Subsequently, Iran repeatedly downplayed the tension, and gold turned downward. It has given up all the gains, with the lowest falling to around 2372.
Judging from the current situation, although gold has risen with the help of the news, it has indeed broken through the suppression of the recent high of 2395, and the pressure above has been released. When gold fell to the 2375-2370 area, its downward momentum further slowed down. In the short term, the 2375-2370 area still has certain support. And the risk aversion in the market is still there, so I think gold is still primed to rise.
Therefore, in terms of trading, I will first consider using 2375-2370 as the support area to go long gold. After gold rebounds, I will backhand short gold. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold closed last week with a modest 0.59% gain, after touching an all-time high of $2,431. Geopolitical tensions spurred demand for safe-haven assets, pushing gold to its new peak before a pullback due to a strengthening US Dollar.
The release of US inflation data midweek introduced volatility in gold prices. Following the Consumer Price Index (CPI) report, the price dipped to $2,320. However, this downturn was brief as inflation pressures eased, influenced by a lower-than-expected Producer Price Index (PPI) report.
Comments from Federal Reserve officials, including Boston Fed President Susan Collins, Chicago Fed President Austan Goolsbee, and Kansas City Fed’s Jeffrey Schmid, tempered expectations of rate cuts.
Given the recent attacks on Israel by Iranian military forces, this video will illustrate the technical implications on the chart and how to position ourselves for the market’s next moves.
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 $2,335 zone, endowed with historical significance, rendering it a pivotal level for next week's trading activity. 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 breach below the $2,335 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.
XAUUSD Gold Technical Analysis and Trade IdeaIn this video, we delve into an analysis for XAUUSD Gold. Our analysis indicates a potential trading opportunity. We conduct a thorough examination of current price trends, meticulously evaluate market structure, and take into account market dynamics. When favorable conditions arise, we pinpoint a potential entry point. However, it is crucial to emphasize the importance of implementing effective risk management strategies. Please note that this video is intended solely for educational purposes and should not be construed as financial advice.
Already made 11K profit, consider shorting gold after reboundToday’s gold trading situation is as follows:
1.Xauusd: @2293.28 Sell, TP:2386.5 Profit: +$ 2696
2.Xauusd: @2378.43 Buy, TP:2394 Profit: +$ 6228
3.Xauusd: @2395.23 Sell, TP:2386 Profit: +$ 2769
Today, we made good profits in both long and short gold transactions. The total intraday profit exceeded $11k. We have continued our 9-game winning streak in recent gold transactions. This is a very good result.
For the current gold market, in fact, gold as a whole still maintains a high and volatile market. However, gold has failed to make good progress in the short term when it rose to 2400 many times. So after failing to break through many times, whether due to the need to accumulate upward momentum or a certain consumption of bullish energy, I think gold may undergo a deep correction at any time.
The pullback is coming as soon as it comes, and the current lowest level of gold has dropped to around 2361. If gold cannot quickly recover above 2380, or even above 2375, then gold may continue to fall back to 2355 or even around 2350, which means it may replicate the short-term trend on April 16th.This will lay the foundation for a short-term adjustment trend.
Therefore, in terms of trading, there may be a partial rebound in gold after a sharp decline, but it is best not to directly go long in gold now, because once gold cannot recover the decline as soon as possible, gold may continue to fall. Therefore, before there is a clear signal, I suggest waiting and watching and not rushing to trade! When there is a suitable opportunity, I will develop a trading plan accordingly!
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
The opportunity to go long gold is here againDear friends, gold’s short-term rebound has reached a maximum of around 2394, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading around 2381, so does gold still have room to conquer 2400 or even higher?
Although gold has stopped below the 2400 level many times in the short term, gold has shown great resilience during the decline. And as gold continues to step back to test support, the lows below are gradually moving upwards, continuously consolidating and building up the support strength below. With continuous testing, short-term support has now moved up to the 2380-2375 area. Therefore, I feel that the short-term pullback of gold happens to be a relatively healthy trend, laying a solid foundation for sprinting to the 2400 position, and it is even possible to hit a higher position.
Therefore, in terms of trading, I still believe that the short-term pullback of gold will be a good opportunity to go long on gold. I still maintain the main trading rhythm of going long on dips. In the short term, I will mainly focus on the support of the 2380-2375 area below. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
We will definitely meet above 2400Dear friends, in addition to being exciting, it is still so good. Today we went long gold at 2370 and 2365, all of which hit TP and made considerable gains!
Today, gold has retreated to the 2365-2360 area many times. When the adjustment of gold is over, a new round of upward movement is inevitable. After gold has deeply stepped back to the 2363 position, the candle chart continues to rise along with the moving average, all the way up! The current highest level is near 2398. Of course, this is not the end. I think we will meet again at 2400!
For trading, I will still maintain the rhythm of falling back and going long, focusing on the short-term support area of 2380-2375 below. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
GOLD (XAUUSD): The Escalation in Middle East 🏆
With the Iranian attack on Israel this night,
Gold may open with a gap up.
Before the market closed, the price already reached
a significant intraday demand zone based on a support line
of an expanding wedge pattern and a horizontal support.
The closest resistance can be 2400.
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Gold’s 13th consecutive victory, continue to short goldDear friends, today gold has been in a retracement situation. Although there have been several symbolic struggles, in the end the bears have the upper hand. The current lowest gold price has been around 2324. Of course, our short gold order around 2360 also successfully hit TP: 2349. We gained a lot of profits from this.
At present, gold maintains a volatile and weak situation. In the short term, I still maintain the view of being weak on gold, and gold is likely to fall into a continued retracement, and the target below is the 2320-2310 area. But if the short position is established, gold will also rebound to a certain extent after the breakthrough, and the technical level below will also give the bulls some support. Then gold will give us the opportunity to short gold again after it rebounds.
Therefore, in terms of trading, we can now first consider shorting gold in the 2355-2360 area, with the target looking at the 2340-2338 area. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
XAUUSD Is this a legitimate correction?There is no doubt that Gold (XAUUSD) has entered a new Bull Cycle after last month's bullish break-out. Last week though it closed its 1W candle almost on a Doji which can potentially be a trend reversal, at least on the short-term.
As you can see on this 1W chart, which displays the similarities between the previous Cycle and the current, such 1W candles have been on global market tops: May 01 2023, January 16 2023, March 07 2022 etc.
If we are indeed at the phase past the Accumulation (Rectangle pattern) simular to February 2020, then we can expect a short-term correction. Of course the March 2020 price collapse that touched the 1W MA50 (blue trend-line) had solely to do with the COVID asset-wide crash. Still though, in February 2020, the market posted a red 1W candle that erased the gains of two weeks in a row.
As a result, if the current week doesn't post a new High, we expect a pull-back towards at least 2250. Beyond that, in order to approach the 1W MA50 again, we need a fundamental catalyst.
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** 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. **
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Gold shorts again after gold rebounds on MondayDear friends, a new week of trading begins tomorrow! Let’s summarize this week’s trading results first. Personally, I made over $68K in overall profit this week, which I feel is a very good trading result. Although I occasionally suffered losses during this week's trading, I was able to seize 95% of the trading opportunities and successfully make a profit. I think this is a very good result! Hopefully we can keep up the good work in the coming week!
For the gold market next week, due to the escalation of conflicts in the Middle East, gold may have the conditions to jump short and open higher on Monday, or gold will take the lead in rebounding with the support of safe-haven assets. If gold rebounds as expected, our first focus will be on the resistance in the 2365-2370 area above.
In addition, on Friday night, gold fell back from its highest position near 2431 to its lowest position near 2334, a correction of almost $100. This is a sharp correction that has never happened in the recent past. I think this may intensify market panic to a certain extent and cause a certain range of selling, which is detrimental to gold. In addition, from a technical perspective, gold has undergone a deep correction, which has consumed the momentum of the bulls and also destroyed the bull pattern to a certain extent. There may be a peak signal in the short term, so gold may continue its correction trend.
Therefore, I predict that gold will stage a trend of rising first and then pulling back in the trend next week. Therefore, in terms of trading and the main trading rhythm, I will focus on shorting on rallies, first focusing on the resistance in the 2365-2370 area above. Of course, I will adjust the specific trading strategy based on the real-time intraday market conditions. No matter what, I wish us another brilliant future in trading next week!
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
XAU/USD | GOLDSPOT | New perspective | follow-up detailsIn this video on XAUUSD, we delve into the recent surge in Gold prices, which soared to a new all-time high above $2,330. This bullish momentum was driven by various factors, including a robust March Nonfarm Payrolls report in the United States, which tempered expectations of an imminent rate cut by the Federal Reserve.
Gold's price movement continues to be influenced by fundamental drivers such as the US Dollar, geopolitical tensions, and physical demand. The unexpectedly strong Nonfarm Payrolls figures for March, surpassing both estimates and February's numbers, led to a decline in market expectations of a June rate cut by the Fed.
Federal Reserve Chair Jerome Powell's cautious stance on rate cuts, echoed by other Fed officials throughout the week, further contributed to this sentiment. Despite acknowledging eventual rate cuts, concerns about inflationary risks tilted towards the upside were voiced by Fed Governor Michelle Bowman and Richmond Fed President Thomas Barkin.
In our analysis, we navigate these fundamental factors to anticipate the potential trajectory of price action in the upcoming 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 behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,190 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 $2,190 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.
SILVER (XAGUSD): Unstoppable Rally & Next Target 🪙
Silver keeps rallying and breaking the historical resistances.
The next goal for the buyers can be the structure that is based
on the highs of 2020 and 2021.
The area that unites these highs also has a psychological level within - 30.0.
The underlined blue will most likely reached soon.
❤️Please, support my work with like, thank you!❤️