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Gold- Higher low in place and back above 2400?In my yesterday's comment, I said that OANDA:XAUUSD could resume its bullish trajectory and buying dips could be a good strategy. Indeed, during the day XauUsd fell to 2370, however, bulls took control and closed the day at 2383. At this moment Gold is facing 2390 resistance again, a resistance that now is confluent with the falling trend line and a break above would confirm a higher low in place and a reversal to the upside. As long as yesterday's low remains intact so is my strategy: buying dips.
FX:XAUUSDLong
by Mihai_Iacob
4
XAUUSD: 26/7 Today’s Analysis and StrategyGold technical analysis Daily resistance 2400, support below 2350-2329 Four-hour resistance 2380-2400, support below 2350-2329 Gold operation suggestions: Yesterday, gold technically rebounded slightly at the opening of the Asian session, and was under pressure at the 2399 mark, and then fell back. Near the European session, it once broke through the 2370 mark, and then rebounded near 2365. Before the US session, the gold price hit a high for the second time, and was under pressure at the 2382 mark, and then fell back and fell. Finally, the gold price continued to fall and broke through the 2350 mark again, and closed weakly. After the overall price appeared under pressure at the 2431 mark, it fell for two consecutive trading days on the daily level, and the gold price lost the previous low of 2383 and continued to fall, breaking the low point. The short-term downward space for gold prices is completely opened. Judging from the current trend, today's resistance is 2378-2380. Intraday rebounds rely on this position to continue to short. The lower target continues to focus on new lows. The short-term long-short strength watershed focuses on the 2400 mark. Before the daily level breaks through and stabilizes at 2400, continue to maintain the rhythm of rebound shorting. SELL: 2380near SL: 2383 SELL: 2400near SL: 2405 Technical analysis only provides trading direction! =https://www.tradingview.com/x/6TIETJAA/
OANDA:XAUUSDShort
by ActuaryJ
1
XAUUSD 7/30/2024 How far will the price go? After the 5-wave downtrend structure, we are witnessing an increase from 2354 to 2402 - So we will have 2 cases either the 5-wave downtrend structure has completed wave C then we have the current increase as a 5-wave structure, case 2 is the 5-wave downtrend structure above has just completed wave 1 in the 5-wave structure of wave C so the current increase is wave 2 and will have an ABC wave structure. - We will have an important price to confirm that is the price of 2402, both cases need the price to break out through 2402. After the price breaks out through 2402 and the price returns below 2402, then we will lean towards the current situation being just a correction wave 2 in the 5-wave structure of the purple wave C. If the price breaks out through 2418, we will lean towards the possibility that this is a 5-wave increase structure and the possibility that the price will break through the peak of 2433. So at the 2418 area, this is the current area containing a large amount of supply, which will be a strong resistance level for the price, so when the price touches this area, there will be a reaction, and we will choose this area as the SELL target Trading plan SELL ZONE: 2415 -2418 SL: 2425 TP1: 2402 TP2: 2390 TP3: 2374 BUY ZONE: 2357 - 2354 SL: 2347 TP1: 2365 TP2: 2374 TP3: 2382
OANDA:XAUUSDLong
by DEEKOP
Gold Monday Trading Strategies and Signals #xauusd Gold Monday Trading Strategies and Signals Hi everyone, today is Sunday, July 28. Last Friday, gold fell around 90-92 as I judged. I think everyone has won a huge profit. The morning operation of gold at the opening of next Monday is to sell gold at 2390-2392/2399-2402 respectively xauusd sell2390-2392, add positions and sell at 2399-2402. sl2405. After the signal is profitable for the first time. We can observe the trend of gold. At the end of the European session to the US session. The area we can trade is: sell2409-2412 2417-2419 buy 2371-2374 2351-2355 Wait for the price range to arrive and trade. You will get the ideal profit. If you trade according to my signal and make a profit. Please like me and join me. I update good signals and analysis every day. I hope that everyone can make huge profits by following the signals and trading on my charts.
FX:XAUUSDShort
by MaudEvans
Gold prices rise on first trading day of late JulyOpening the first session of the week, Gold price has increased again to the 2403 zone. Because this week there is a lot of strong news affecting the market, this week I will recommend following the short wave. If there is a good point, I will hold it long, everyone. Regarding the main trend, I am still following the direction with the Gold correction wave decreasing back to the 2300 zone. As for the current candle force, GOLD is very likely to increase back to the 242x zone, everyone 👌👌 Regarding the trading plan for today, I will watch to Sell Gold around 2393>2396 SL 2398 TP 2390>2384 With the strong buying force when opening the first session of the week like this, it is easy to be a Fomo wave for a volatile week, everyone. I will not watch to Buy Gold yet. If there is a good point and a good buying zone, I will recommend later. Wishing everyone a successful trading week 👌❤️ -- Economists say the modern inflation facts is not going to forestall the Federal Reserve from reducing hobby prices for the primary time this 12 months. Markets are more and more more making a bet that the valuable financial institution will reduce prices in September at its assembly in early August. The upcoming assembly will shed mild at the putting of the easing cycle, analysts at TD Securities stated. While Fed officers are not going to completely decide to a September fee reduce, they'll trace that the Fed is near one. Along with cooling inflation, economists expect that slowing exertions marketplace profits will push the Fed to ease prices earlier than the stop of the 12 months. The CME Group`s FedWatch device places the percentages of a September fee reduce at 100%. The Fed isn`t the best valuable financial institution maintaining a financial coverage assembly this week. The Bank of England is likewise because of announce its fee selection on Thursday. The Bank of Japan holds its financial coverage assembly later Tuesday. Central financial institution moves withinside the coming months may want to have a profound effect on gold fees and monetary markets in general. Gold Price Forecast Kitco News` modern weekly gold survey suggests that specialists stay bullish. Kelvin Wong, senior marketplace analyst at Oanda, stated he sees gold's correction as a charge motion inside a broader uptrend. The Fed continues to be pursuing a coverage of prioritizing a fee-reducing cycle over a fee-hike cycle withinside the medium term, in step with the expert. The 10-12 months Treasury yield hovered beneath the important thing intermediate resistance degree of 2.05%. The fashion for gold stays bullish.
OANDA:XAUUSDShort
by TheLeader_WOLF
Xauusd up trend XAU/USD is rising from 2397 to 2409 following the U.S. Dallas Fed PCE news. The positive data likely sparked investor optimism, driving the price of gold higher against the US dollar. This uptrend may indicate increased demand for gold as a safe-haven asset in response to market uncertainties stemming from the economic data release. Investors are reacting to the news by flocking towards the precious metal as a hedge against potential risks, pushing its value up in the forex market.
OANDA:XAUUSDLong
by Khalifapatrick
Will Gold Make Another ATH In August?As I Can See Gold Is On Descending Parallel Channel And Bottom Line Has Already Make the third Touch Last Week And Strong Bullish Power Was Shown Last Friday. And The Top Line of the Parallel Channel Has More then 4 Touches. There's a High Probability To Breck The Upper Trendline. If 4H Solid Candle Close Above The Trendline Will Confirm To Fly More Upside .But in The Beginning Of The Week Will Have Some Fake out Traps As well .Trade With Caution I'll Update LTF Analyze After Market Make The Move
OANDA:XAUUSDLong
by Mr_Scalper_117
XauUsd- Best place to sell for 1:3 R:RYesterday, XAU/USD continued its descent and dropped to the 2350-2355 support zone without retesting the 2390 broken support, indicating selling pressure. At this moment, the market is correcting to the upside, which should offer bears better entry prices. The best zone to sell remains 2390-2400; however, if this zone is not tested, traders should look for lower entry levels in anticipation of a 2350 break. In the case of a break below 2350, the most obvious level for bears is 2320. On both weekly and daily charts, the situation looks gloomy, with a strong Pin Bar on the weekly and a Fakey pattern that marks the retest of the broken ascending trendline on the daily.
OANDA:XAUUSDShort
by Mihai_Iacob
9
XAUUSD 7/26/2024 Is there a pullback? Looking at H1, we see that the price breaking the 2382.5 zone has confirmed that the price is in the purple wave C - From the peak of 2433 to the bottom of 2353, we see a small 5-wave structure has been completed and now we see that the bullish recovery wave is continuing, we expect a corrective wave - The target of the rebound wave I measured at the price zone of 2402 and the price zone of 2411 - So this increase we expect is a rebound wave before the bearish wave continues to the target zone of the purple wave C - The target of the purple wave C we measured at the zone of 2334 and the zone of 2307 Trading plan BUY ZONE: 2366 - 2363 SL: 2356 TP1: 2382 TP2: 2394 TP3: 2402 SELL ZONE: 2310 - 2312 SL: 2320 TP1: 2400 TP2: 2390 TP3: 2382
OANDA:XAUUSDLong
by DEEKOP
XAUUSD | GOLDSPOT | New perspective | follow-up detail [22 - 26]Gold prices took a tumble on Friday, dropping over 2% as the US Dollar strengthened and investors took profits after last week's record highs. The precious metal extended its losing streak to three days, closing around the $2,400 level. What drove the dip? 📈 Strong US Dollar: A surge in the USD, fueled by speculation about a Republican victory in the US elections, weighed on gold. 📈 Rising Bond Yields: Increasing bond yields also contributed to the decline, making gold less attractive. But hold on, the story doesn't end there! 🤔 Analysts remain optimistic about gold's long-term prospects: 📉 Fed Rate Cuts: The Federal Reserve is expected to cut interest rates in September, which is bullish for gold. 📈 Market Sentiment: According to the CME FedWatch Tool, markets are pricing in a 98% chance of a U.S. rate cut in September. 🌎 Geopolitical Instability & Central Bank Demand: Ongoing global tensions and central bank buying provide further support for the precious metal. 🔍 What's Next? Gold prices took a hit last week, but is this just a temporary dip or a sign of things to come? This video dives deep into the technical aspects of XAUUSD, offering insights into what to expect in the coming week! Don't miss out on this comprehensive analysis! XAUUSD Technical Overview: This week, we're focusing on the crucial $2,400 level. This is a big deal for gold traders - it could be a make-or-break point. If gold stays above $2,400: Bulls might take control, potentially pushing prices higher and setting up new highs. If gold falls below $2,400: Bears might gain the upper hand, and prices could head south. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! #GoldAnalysis #ForexTrading #GoldMarket #FederalReserve #TradingStrategy #MarketInsights #USYields #InflationData #EmploymentData #FinancialMarkets #GoldPrice #Investing #TradingTips #ForexEducation #TrumpPolicies #JeromePowell #GeopoliticalStability #CentralBankDemand 📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a 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.
OANDA:XAUUSD
by darcsherry