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XAU/USD: New head and shoulders top is forming, ready to sellToday's Asian and European sessions have seen little volatility, with gold prices staying below 2400 and not testing 2420, indicating gold is still in a consolidation phase. Therefore, we should adjust our outlook accordingly. The 4-hour gold chart shows a new head and shoulders pattern forming, with prices near the shoulder level. Historically, reaching the shoulder often precedes a new downtrend. This shoulder is near the 2400 level, suggesting a Sell around 2400. Additionally, the 1-hour chart shows that the Fibonacci retracement of Monday's $95 drop places the 0.382 level right at 2400, reinforcing this idea. Support levels to watch are 2370, then 2350. If 2350 breaks, further downside is expected. If you have different views or questions, let's discuss the latest insights on GOLD
OANDA:XAUUSDShort
by AntonyTP
6
XAUUSD Bull Cycle still intact, targeting above $3000Exactly 4 months ago (April 04, see chart below), we made a long-term bullish call on Gold (XAUUSD), after it confirmed the new Bull Cycle: The consolidation that followed and successfully double bottomed like the November 2019 Support bounce, is now over and Gold has started the 2nd phase of this Bull Cycle. In March 2020 we had the Black Swan event of the COVID crash, and if we avoid such a danger again, we expect the bullish trend to continue. The last Cycle's peak (August 03 2020) was just below the 3.0 Fibonacci extension. This gives us a rough Target of $3100, but of course this can be revised as we go, depending on the global macroeconomics and geopolitics. Note also that the last Cycle's peak was formed when the 1W RSI made its 3rd overbought top above 70.00. ------------------------------------------------------------------------------- ** 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:XAUUSDLong
by TradingShot
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we said we'd stick with the plan and continue to move with the market upside suggesting traders hold their longs from below and then add level to level trades. This has worked well for us again today, completing our Excalibur target upside and the hotspot in Camelot as well as the one we had shared with you all in the wider community. Although a little choppy, it's a clean structure. Now we are here we have support below at the 2395 region, which could be a target level for the pullback. This level however is now on the flip and will need to hold the price up for us to continue higher into the regions 2415-20 initially and on the break we'll be looking at 2450 as the extension of the move. The problem we have now is the whipsaw that is expected during FOMC, and with it being the last trading day of the month tomorrow. For now, a slight tap and bounce from the region, if you're in lets see if we get the pullback and where we close. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
XAUUSD Still bearish! heres why good evening gold gang! im back from a little trip away and ready to go price still respecting downward trends even though very wicky today with price grabbing liquidity everywhere! price respecting the daily candle meet and also 4h engulfing so a small pull back in asian to sell down is on the cards. Ill need to see where price lands in the london session to see what we're going to take as there are quite a few obsticles in the way down there currently buys need to break the 2 zones first which looks like it will need some news BIG news week this week too so im expecting big movements please like and share this for me! tommy
OANDA:XAUUSD
by tommyXAU
2
XAUUSD Trading plan for August.Gold (XAUUSD) has been rebounding following a hit-and-hold on the 1D MA50 (blue trend-line) on Thursday, having closed 2 straight 1D candles above it. As long as this continues, we have a bullish development and a new Higher Low on the (dotted) Channel Up, which targets 2545 (+8.30% as the previous Bullish Leg). If it closes below the 1D MA50 however, we expect a longer accumulation phase (blue arc) similar to June's around or even marginally below the 1D MA100 (green trend-line). In this case, we will open an additional buy and target 2500 (top of the blue Channel Up and target for both open buys). ------------------------------------------------------------------------------- ** 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:XAUUSDLong
by TradingShot
1
Gold will go UP by Inverse H&S Pattern==>>Short termGold managed to break the Resistance line and is currently moving inside the Resistance zone($2,398-$2,376) . Gold also created the Inverse Head and Shoulders Pattern . I expect Gold to rise to at least the Downtrend line . Gold Analyze ( XAUUSD ), 15-minute 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
10
XAUUSD bears are still in until here ... Good morning gold gang WHAT A DAY it was yesterday snagging over 200 pips from the market capitalising on the volume and strong zones. Well done all! bears are still in control after a push up in asian session, if this current zone breaks buys are possible but essentially i would want to sell at a better price close to the trendline the daily engulfing zone at the bottom is a great buying opportunity with war announcements on the way, price can come down there to start the next bull run. Watch out for the end of the month usual friday shenanigans and protect your capital at all costs have a great day tommy
OANDA:XAUUSD
by tommyXAU
1
XAUUSD No buy below the 4H MA50.Gold (XAUUSD) dipped on Friday below its 4H MA50 (blue trend-line) but that doesn't affect the long-term trend (see chart below), which is still bullish within the 18-month Channel Up pattern: Even on the current 4H time-frame analysis, the price found support right at the bottom of the short-term Channel Up. However, short-term buys can only be confirmed when the price breaks above the 4H MA50 again. Technically though this remains buy territory as the 4H RSI almost hit the oversold barrier (30.00) and rebounded, which is similar to the June 26 Higher Low (bottom). The Bullish Leg that followed peaked on the 2.5 Fibonacci extension level, which on the new potential Bullish Leg is perfectly aligned with our long-term Target as well. That remains 2600. ------------------------------------------------------------------------------- ** 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:XAUUSDLong
by TradingShot
GOLD (XAUUSD): Updated Market Structure Analysis Gold is now trading within a rising, expanding channel on a daily time frame. Updating the ATH, the price perfectly respected its upper boundary and started a bearish movement from that. The closest strong support that I see is a demand cluster based on a minor broken trend line and a horizontal structure. The underlined blue area can be the first pit stop for the sellers. I will look for a pullback trade from there. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
6
XAUUSD | GOLDSPOT | New perspective | follow-up detail [15 - 19]In this video, we delve into the recent surge in Gold’s price, breaking above $2,400 on Friday, driven by speculation that the Federal Reserve (Fed) might start its easing cycle in September. But is this just a temporary spike, or the beginning of a powerful gold bull run? 🤔 To navigate this market, we need to have a deep insight into the market dynamics driving gold's recent surge: 📉 US Yields & Market Reactions US yields are collapsing, with the 10-year Treasury note yield dropping 10 basis points to 4.187%. This significant movement has set the stage for potential rate cuts by the Fed. 📊 Inflation & Employment Data Insights Data from the US Bureau of Labor Statistics (BLS) revealed deflation in consumer prices for June. Core prices, excluding volatile items like food and energy, also dipped, reigniting hopes for a Fed rate cut in 2024. The CME FedWatch Tool now shows an 85% chance of a quarter-point rate cut in September, up from 70% just days earlier. 👷 Robust Labor Market Despite inflation concerns, the labor market remains strong. Unemployment benefit claims came in lower than expected, presenting a balanced Goldilocks scenario where inflation decreases while employment stays robust, with no signs of an impending recession. 🎙️ Federal Reserve Signals Federal Chair Jerome Powell highlighted labor market risks, noting considerable softening. This, combined with ebbing inflation pressures, opens the door for potential rate cuts by the U.S. central bank in September. 🚀 Future Trends & Market Dynamics The path of least resistance for Gold is to the upside. But how will the upward momentum unfold? In this video, we provide a detailed understanding of the current market dynamics and a comprehensive plan to capitalize on upcoming opportunities. XAUUSD Technical Overview: We took a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is fixed on the key level at $2,390 for the upcoming week. This historically significant mark is poised to steer trading dynamics. If we see sustained momentum above this level, it could fuel further buying interest and potentially pave the way for fresh highs. Conversely, a move below $2,390 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights! #GoldAnalysis #ForexTrading #GoldMarket #FederalReserve #TradingStrategy #MarketInsights #USYields #InflationData #EmploymentData #FinancialMarkets #GoldPrice #Investing #TradingTips #ForexEducation📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
PEPPERSTONE:XAUUSD
by darcsherry
See you at 2430!Gold rebounded again after a pullback to 2452, but during the rebound process, it only reached around 2475. Compared with the high point of 2484, the high point is gradually moving down, so the low point should also gradually fall. From the structure, gold is very likely to build a secondary peak in the 2475-2480 area. Once the construction is successful, the decline of gold will trigger a sell-off, and gold is likely to usher in a waterfall-like decline in a short period of time! Moreover, after gold rose rapidly to around 2484, short positions were basically swept away, and the market was enthusiastic about going long, especially when gold rose by $2, the bullish target could be set at 2500. So I have every reason to believe that gold is suspected of tempting to go long during the rebound. Then gold is likely to be brewing a downward trend to eliminate most of the long positions in the market and increase market liquidity! I currently still hold a short position near 2478, and the target is still in the 2430-2420 area. Let us wait and see, see you at 2430! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
4
XAUUSD Resistance break-out and re-test confirm rally continuatiThis is a small Gold (XAUUSD) update on Monday's idea (see chart below) as we have a major Resistance break-out: As you can see, the price action is so far following our trading plan and following the Resistance break-out, we see it potentially moving a little higher and then pulling back to re-test the Resistance as a Support. That happened on the previous Bullish Leg break-out (March 06) and then after a successful Resistance re-test, Gold resumed the uptrend and rose by +22.40%, hitting the 2.0 Fibonacci extension. As a result, we will move our Target marginally higher at 2630, even though the 2.0 Fib extension is at 2690. The reason is the May 04 2023 High, which as priced on a +15.26% rise, the 'weakest' Bullish Leg since the September 2022 market bottom. ------------------------------------------------------------------------------- ** 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:XAUUSDLong
by TradingShot
1
Short gold, target 2430-2420!Good afternoon everyone, I am still holding a short position. I am optimistic that gold will fall back to 2430-2420, or even 2420-2410 area. From the chart, we can see that the current high point of gold near 2482 is exactly the top range of the daily chart, so there is a possibility that it will encounter resistance and fall. The bottom of the daily range is currently at 2300, which is definitely a bit far for us. However, we can also look down step by step from the high position. After breaking through the high point of 2482 today, it has retreated to around 2460. The hourly chart range has been broken. From the current point of view, the bottom of the hourly chart range is around 2430-2420. Therefore, there is a high probability that gold will have a deep correction space in the future. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Gold Needs Correction!!!Gold is moving in the Resistance zone($2,450-$2,426) . Gold moved as I expected in the previous post . According to the Elliott wave theory , Gold has finished main wave 5 , and we should wait for Corrective Waves . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to decline to at least the Support zone($2,400-$2,376) . Gold Analyze ( XAUUSD ), 15-minute 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:XAUUSDShort
by pejman_zwin
15