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 😊 😊
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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.
Xauusdsignals
GOLD (XAUUSD): Important Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Horizontal Structures
Resistance 1: 2054 - 2064 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1964 - 1980 area
Support 2: 1931 - 1938 area
Vertical Structures
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout trading.
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GOLD XAUUSD Trade IdeaLooking at GOLD XAUUSD on a 4H chart we can see a bearish break off structure with a series of lower lows and lower highs with the exception of a previous liquidity run. Given the trend I'm looking for a short opportunity with targets at the current price swing low and previous swing low as shown on the chart. This information is for educational purposes only and not to be considered financial counsel.
GOLD (XAUUSD): Bearish Outlook For Next Week Explained 🥇
Gold was very bearish this week and the price managed to set a new local
lower low lower close, violating a solid rising trend line.
Even though the market closed recovering, I remain bearish biased.
I do believe that the fall will continue next week.
Next support - 1980
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XAUUSD | GOLDSPOT | New perspective | follow-up detailsThe price of gold surged significantly on Friday, driven by a risk-averse sentiment stemming from escalating tensions in the Red Sea. The US and the UK responded to Houthi's attack on a US ship on Thursday, prompting a surge in gold purchases as the conflict in the Middle East intensified. Additionally, the yellow metal received a boost from the decline in US Treasury bond yields, fueled by growing speculation that the US Federal Reserve would embark on aggressive rate cuts as early as March.
Simultaneously, the latest US inflation report unveiled that producer prices, or the PPI, fell below expectations, with the monthly PPI dropping by -0.1%, contrary to the anticipated 0.1% increase.
As of now, the market sentiment remains inclined towards an upward trajectory, following a rebound from the weekly lows in price action.
XAUUSD Technical Analysis:
In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities.
The $2,035 zone will be our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then a continued buying pressure above this zone will serve as a platform for new highs. However, if price action drops below the $2,035 level and selling pressure persists below the zone, we could witness renewed selling pressure.
Dive into the latest Gold market dynamics! Stay informed for 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.
XAUUSD Is this a dead-cat-bounce?Gold (XAUUSD) is on the 2nd straight bullish 1D candle after Wednesday's 2001.50 bottom. With this rebound it has recovered the 1D MA50 (blue trend-line), which it broke and closed below it on Wednesday. However this is the only (so far) divergence from the early 2023 pattern, which started with a massive reversal on the 1811.50 - 1805.00 Support Zone, the rally turned into a Channel Up and then reversed to a Channel Down below the 1D MA50 that hit in succession the 0.382, 0.5, 0.618.
As a result, as long as the (dotted) Channel Down holds, we remain bearish, aiming at 1973 (the 0.382 - Support 1 Zone), which is marginally above the 1D MA200 (orange trend-line). Notice also how symmetrical the 1D RSI sequences between the two patterns are.
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Gold- 2015-2020 zone remains keyIn my post from yesterday, I mentioned that OANDA:XAUUSD had broken below support. I advised that any rallies back to that zone should be considered for selling.
Following my own advice, I executed the sell, and despite an initial drop, the market reversed, resulting in my trade currently being at a loss.
Setting aside my specific trade situation, let's objectively analyze the market. We observed an initial break below support followed by a reversal back above. This pattern may suggest a false break of support, a hypothesis that would be confirmed if the price rises beyond 2035 and approaches 2040.
In such a scenario, the medium-term bullish trend would remain intact, and we could view the $2,000 level as a robust support. On the contrary, if there is a subsequent break below 2015, it would validate my initial perspective, exerting downward pressure on the $2,000 level once again and potentially exposing 198
For now, I wait and see, knowing that losing trades are part of this business.
Gold could continue down and drop under 2k
In yesterday's post, I said there's a good chance OANDA:XAUUSD might go below the important 2020 support level. If that happens, we could see a change in the medium-term trend. Bears were in control all day and managed to break that level, hitting a low of 2002.
Technically, breaking the upward trend line, smashing through horizontal support, and setting a new low for the year suggests XauUsd might keep going down, with 1980 as the likely next stopping point.
The bearish scenario is negated by a break back above yesterday's high
GOLD (XAUUSD): Important Breakout 🥇
The yesterday's retail sales data turned out to be very bearish for Gold.
The price violated both a solid rising trend line and a key horizontal support on a daily.
The broken structures compose a supply zone now.
We can anticipate a further bearish continuation.
Next support - 1979
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GOLD (XAUUSD): Detailed Technical Outlook 🥇
After a breakout of a resistance line of a bullish flag pattern on a daily,
Gold is currently retesting that.
We can see a perfect confluence between a horizontal support and a falling trend line.
A bullish movement may initiate soon.
Your bullish confirmation can be a bullish breakout of a falling parallel channel
on an hourly time frame.
Patiently wait for a breakout and be prepared to buy then.
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Xauusd Buy Now Gold price snapped a three-day winning streak, trading lower near $2,050 per troy ounce during the early European session on Tuesday. The prices of the precious metal face downward pressure as US Dollar (USD) improves on the back of upbeat US bond yields.
Xauusd Buy now 2042
Confirm Target. 2065
XAUUSD First 4H Death Cross in 4 months. Will it reverse?Gold (XAUUSD) followed our January 08 buy signal (see chart below) and rebounded on the 1D MA50, easily hitting the 2040 Target:
This time we have a distinct technical formation arising as the pair is forming the first 4H Death Cross since September 28 2023. In fact, the price action is very similar to the Death Cross that was formed a few days prior that (September 14). After a 0.786 Fibonacci rebound, the price collapsed to a new Low.
As a result, we see a rise to 2070 (just below the 0.786 Fib) as a realistic short-term action, but below the 4H MA50 (blue trend-line) we will short the break-out and target Support 2 at 1972.40 (just above the 1D MA200 (yellow trend-line)).
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XAUUSD : Gold prices and worries about geopolitical instabilityWith the war situation in the Middle East continuously escalating, gold prices may continue to increase next week.
In the past week, although the gold price had a downward adjustment after the US CPI data was released, the price immediately rebounded after the USD weakened because the market continued to expect the Fed to cut reduce interest rates next March. In addition, escalating geopolitical tensions in the Middle East have also contributed to the increase in gold prices.
Gold experienced a steady rise near the weekend thanks to geopolitical tensions and weakness in the US dollar. The coordinated attack between the US and UK on the Houthi rebels in Yemen in recent days has made the market concerned that the war situation may gradually get worse.
In addition, US government bond yields have also decreased slightly over the past month as the market continues to expect the Fed will cut interest rates in the near future. According to CME Fed Watch, traders are expecting the Fed to reduce interest rates by a total of 150 bps this year with the first reduction starting in March. This has caused the 2-year US government bond to fall to 4.15 % from a multi-year record high of 5.26% in October 2023.
GOLD (XAUUSD): Time to Grow?! 🥇
I see multiple strong bullish signals on Gold after a test
of a key daily horizontal support.
The price violated and closed above a resistance line of a falling wedge pattern.
The market also formed an inside bar formation, the range of the mother's bar
was violated as well.
These 2 bullish confirmation indicate a highly probable bullish continuation.
Next resistance - 2076
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Gold could rise to 2060Analyzing OANDA:XAUUSD in light of the most recent data, the headline Consumer Price Index (CPI) for the previous month exceeded expectations. It recorded a year-on-year increase of 3.4%, surpassing the anticipated 3.2%. Additionally, the core gauge outperformed predictions, reaching 3.9%, surpassing consensus estimates by one-tenth of a percent.
Initially, this data triggered a decline in the price of Gold, but this downturn was brief, and the price swiftly rebounded back into its familiar range. Furthermore, a closer look at the chart reveals that the price, once again, reversed from the 2020 confluence support zone, which, in my opinion, contributes to a bullish scenario.
As I discussed in yesterday's post, confirmation of the reversal still requires a break above 2060. In such a scenario, the upward movement could intensify toward the 2060 resistance, with a high probability of extending to 2080.
In summary, my bullish sentiment has strengthened compared to yesterday. In my view, purchasing on dips against yesterday's low seems to be a prudent strategy.
Best of luck!
Mihai Iacob
Gold- Levels to watch for the next 500+ pips moveAs previously discussed, OANDA:XAUUSD had a rough start to the year, experiencing a decline of approximately 600 pips. However, bulls successfully halted this descent precisely at the support zone from 2020.
Since reaching Monday's low, the price has entered a consolidation phase, fluctuating between distinct levels of support and resistance.
This prompts a crucial question for swing traders targeting moves of 500 pips or more: What is the likely direction from here?
On one hand, there is evidence of a reversal from support. Considering the overall bullish trend, one could anticipate a resumption of the trend with a potential test of the 2080 resistance and, possibly, a surpassing of the 2100 mark.
It's essential to note, however, that achieving this scenario requires confirmation, specifically a clear break above the 2040 level.
On the other hand, a breach below the 2020 support exposes the recent lows around 1980. More significantly, such a move would signify the establishment of a lower high in the start of the year price and, potentially lead to a further decline to 1930.
P.S: At this moment I hold a buy trade with only 50% of my usual volume and, as explain, I am waiting for a clearer picture
Best of luck!
Mihai Iacob
Gold- Reversal to the upside is loomingIn my yesterday's comment, I said that OANDA:XAUUSD could have found a bottom in 2020 important support.
After a spike in 2040 local resistance during yesterday's session, the drive dropped again, but this time stopped at 2024 making a higher low.
Although the falling trend line that started at the beginning of the year is not broker to the upside yet, there are high chances for this to happen today.
I maintain my bullish bias on Gold as long as the price stays above Monday's low.
XAUUSD : US inflation report will boost market trendWhile the US central bank turned more cautious at its December meeting, markets ignored this and overpriced a cut for a still resilient economy. strengthening and inflation remains high.
To better understand the Fed's next moves, traders should keep an eye on the US economic calendar this week, paying particular attention to the December CPI report on Thursday morning.
Although core inflation is expected to have cooled last month, headline inflation is seen recovering, rising from 3.1% to 3.2%, which is not good for policymakers and certainly will negatively impact market psychology.
For gold prices to regain upward momentum in the near future, the latest US CPI data needs to show signs that prices are gradually stabilizing. Otherwise, the Fed may continue to delay its interest rate reduction cycle.
In the event of an unexpected increase in inflation reports, the market may raise the valuation of interest rate increases, causing government bond yields to skyrocket. Gold could experience stronger downward corrections in the coming days and weeks.
Gold continued to decline on Tuesday after slipping below the key support zone at $2,050 - $2,045 last week. Sustaining prices below this zone could reinforce bearish pressure, pushing gold to its 50-day SMA near $2,010, then to $1,990.
On the other hand, if the buyers return, resistance will appear at $2,045-$2,050. A break above this level could push the price to $2,085, and then to its highest peak on record.
GOLD (XAUUSD): Your Trading Plan For Next Week Explained 🥇
After setting a local higher high, Gold retraced.
It is currently testing a wide horizontal demand area on a daily.
To buy the market with a confirmation,
watch a bullish flag pattern on a 4H.
Bullish breakout of its upper boundary will be your strong bullish confirmation.
A bullish continuation will be anticipated at least to 2075 then.
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