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7 Dimension Analysis For Gold Core Analysis System (SMC) 1 Price, 2 pattrens, 3 Volume ,4 Volitality, 5 Momentum, 6 Time, 7 Sentiments 🕛 TOPDOWN Analysis H1 shows a bullish structure with price successfully touching its extreme Point of Interest (POI). Afterward, it provides a bullish confirmation, indicating readiness for a bullish position on the 5-minute timeframe. 😇 7 Dimension Analysis Time Frame: 5 MIN 1️⃣ Swing Structure: Bullish with Confirmation (Choch) 🟢 Swing Move: Corrective move towards mitigating the 5-min Extreme POI 🟢 Inducement: Taken with the first deep pullback for this swing 🟢 Strongest Demand: Accumulation on the Discounted Zone supporting the bulls 🟢 Traps: False Breakout observed 🟢 Time Frame Confluence: H4, H1, and M5 2️⃣ Pattern 🟢 CHART PATTERNS: Triple bottom reversal with a massive shakeout indicating a reversal 🟢 CANDLE PATTERNS: To be observed upon price reaching the execution level 3️⃣ Volume 🟢 Fixed Range: Volume on Fake Out observed to be massive compared to previous 🟢 Volume during Correction: No significant volume indicating weaker sellers 4️⃣ Momentum RSI 🟢 Divergence and Loud Bullish Move: Observed at the start, with the price still in the bullish zone above 40 🟢 Oversold Rejections: Indicating bullish sentiment 5️⃣ Volatility Bollinger Bands 🟢 Volatility Contraction Phase: Suggesting a Squeeze breakout is expected with Walking on the band scenario 6️⃣ Strength According to ROC 🟢 Gold Stronger than Dollar: For this week 7️⃣ Sentiment Gold expected to undergo a short bigger timeframe correction ✔️ Entry Time Frame: M5 ☑️ FIB Trigger event: Awaited ☑️ Trend line breakout: Awaited 💡 Decision: Buy 🚀 Entry: 2296 ✋ Stop loss: 2290 🎯 Take profit: 2380 (If Internal Structure changes) 😊 Risk to Reward Ratio: 14 🕛 Expected Duration: 3 Days 📚 SUMMARY: The analysis indicates a bullish sentiment with various patterns and indicators suggesting a potential buying opportunity on the 5-minute timeframe. High volume on the Fake Out and absence of volume during correction hint at weaker sellers. Traders are advised to monitor candle patterns upon reaching the execution level and consider a buy position with a favorable risk-to-reward ratio of 14 over an expected duration of 3 days.
OANDA:XAUUSDLong
by Optimum369
XAUUSD July 23, 2024 Where will the rising wave go?Looking at the H1 chart, we have a completed 5-wave bearish pattern - The target of wave 5 has been achieved near the price range of 2382 that I predicted yesterday - After completing the next wave 5, there will be 2 cases, the first case is that the price continues the 5-wave impulse wave pattern. The second case is the abc bullish correction pattern. - Regardless of the pattern, we now expect a price increase at least according to the abc correction pattern - The target of ending the correction wave will be specifically determined when the wave has completed at least 2 waves a and b. Based on current price data, I estimate the target of the correction wave is the price range 2433. - If this rally gets past 2453 then we will be leaning towards a trend rally to 2500 then I will update everyone. Trading plan BUY: 2491 - 2488 SL 2483 TP1: 2420 TP2: 2433 SELL ZONE: 2433 - 2436 SL: 2431 TP1: 2411 TP2: 2494
OANDA:XAUUSDLong
by DEEKOP
Gold price today - "Forced to go down"Gold price July 23 Yesterday's gold price on the international market fell below the threshold of 2,400 USD/ounce when the USD increased in price and US stocks went green. Yesterday, on Monday, gold price had an upward gap, opening the session to the 2412 area and then falling to 2384 on the same day. amplitude is about 300pips around the threshold of 2412-2384 This move shows the hesitation of both buyers and sellers. Currently, based on candlestick and fibo models, potential selling pressure is still in the 2410-2413 area. If broken, we can start selling at 2422-2425. City 07-95-85 SL 2417-2432 Buying force during the day refers to the area 2381-2384 TP 88-93-99 SL 2372 -- ⚠️ MARKET COMMENTS ⚠️ 🟢 USD: - If pending home sales and manufacturing index both increase, this will strengthen the USD due to expectations of strong economic growth and the possibility of the Fed maintaining or raising interest rates. - If these indexes all decline, this could weaken the USD due to concerns about the economic outlook and the possibility of the Fed loosening monetary policy. 🟢 World gold price: - If the USD strengthens due to positive economic indicators, gold prices may be under downward pressure because gold often fluctuates in the opposite direction of the USD. - If weak economic indicators weaken the USD, gold prices may increase due to gold's role as a safe asset.
OANDA:XAUUSDShort
by TheLeader_WOLF
XAUUSD July 22, 2024 Is the decline over? The information that President Biden withdrew from running due to his health further confirmed Trump's high chance of winning the election. This information immediately caused XAU to gap up on Monday morning Looking at H1 we see a sharp sharp decline, this is the ongoing wave 3. - At the price range of 2394, we have a strong rebound. From this rebound we expect that wave 3 has ended and this rebound is wave 4. - The target of wave 4 I measured at the price range 2420 or price range 2428 - After completing wave 4, the price continues to decrease to complete the 5-wave pattern - With the current price data, I can temporarily measure the expected target of wave 5, the last down wave of this downtrend, at the price range of 2382 or the price range of 2366. - After the end of this price reduction, we expect a strong recovery and I will update the specifics of this recovery after the price completes this 5-wave decline. - Our trading strategy is to observe price reactions at support and resistance zones to enter orders
OANDA:XAUUSDShort
by DEEKOP
XAUUSD GOLD trade Idea on 4-hr timeframe {18/07/2024}Educational Analysis says XAUUSD GOLD may move in this range for some time according to my technical. Broker - OANDA This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, it maybe long for the premium level in the 4-hour time frame. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this trade turned out. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
OANDA:XAUUSD
by VishalBudhrani
Gold price prediction for the first day of week July 22The wave shape is all ABC in 1234 waves. going deep into wave five. We want to peer if the boundary of wave five has surpassed yet? 1. Currently I see region 2391 wishes to restrict purchase with TP 2430 SL 2380 2. Adjustment rhythm and retest region 2395 TP 2410 SL 2391 three. 2410 promote TP 2400 -2395 SL 2415 -- The present day Kitco News survey indicates that Wall Street analysts expressed careful perspectives on gold costs this week. Adrian Day, president of Adrian Day Asset Management, believes that gold costs will pass sideways withinside the brief time period. However, records associated with the opportunity of the United States Federal Reserve (Fed) beginning a cycle of hobby charge cuts can motive gold to increase. Currently, buyers are listening to the approaching middle private intake expenditure index (PCE). This is the index used because the Fed`s favored degree of inflation. According to CME's FedWatch tool, greater than 90% of the marketplace thinks the Fed's hobby charge reduce is probably to occur later this summer. Darin Newsom, senior marketplace analyst at Barchart, stated that gold costs will retain to decline. According to this expert, via the weekly rate chart, gold remains in a downtrend withinside the medium time period. Last week, gold costs fell, finishing a streak of three consecutive weeks of increases, that's absolutely regular with the same old technical pattern. Meanwhile, Marc Chandler, fashionable supervisor at Bannockburn Global Forex, stated that the USD and US bond yields are probably to strengthen, restraining gold's destiny prospects. Some splendid monetary records this week that impacts gold costs is June's PCE report, facts on 2d area gross home product (GDP), domestic income withinside the US,... Gold rate forecast Forecasting gold costs withinside the brief time period, Darin Newsom believes that gold futures costs in December will drop to approximately 2,350 USD/ounce. CPM Group analysts advise that buyers live out of the marketplace due to the fact there can be a robust brief-time period promoting period, inflicting gold costs to plummet. Gold rate is probably to fall to 2,350 USD/ounce, earlier than growing sharply to 2,500 USD/ounce.
OANDA:XAUUSDLong
by TheLeader_WOLF
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold prices. Any major news on this front may push gold prices higher. On Friday, gold retraced to our key level at the $2,325 zone, undoing gains made after the release of the US Personal Consumption Expenditure (PCE) data for April. This report, showing cooling core price pressures (0.2% month-over-month, down from 0.3%), suggests a higher likelihood of the Fed cutting interest rates sooner. Lower interest rates are typically positive for gold, reducing the opportunity cost of holding this non-yielding asset. However, US interest-rate expectations are just one piece of the puzzle. Gold demand is also being driven by Asian buyers hedging against their depreciating currencies. Fund flows into Chinese gold ETFs are rising at the fastest pace since April, even amid surging US yields. This trend indicates that the US Dollar's strength may not be as negatively correlated with gold as it was in the past. In this video, we'll explore how to navigate these complex market dynamics as we prepare for an active trading month. Expect increased trading activity as fund managers and investors rebalance portfolios to meet allocation targets or adjust for market performance. XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is fixed on the critical $2,325 level for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 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. #GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼 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.
Editors' picks
EIGHTCAP:XAUUSD
by darcsherry
26
XAUUSD moving again to break a new record high**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold. **Weekly Chart** The last weekly candle closed as a big bearish high test. This happened after XAUUSD (Gold) reached a new record high. This created a large sell-off from buyers closing their positions at high prices and introduced sellers to short gold for quick profits. **Daily Chart** Last week XAUUSD closed near the previous equal low which was at some point the daily swing high. This has created a new demand zone for the price to push higher again after completing the sell-off. This week we will be looking for entry to move higher and create a new record high in line with fundamentals and geopolitical factors. Look for buy setups forming on lower time frames (ie. 4H and 1H).
OANDA:XAUUSDLong
by PropSignals
XAUUSD: What is the future of the Gold| $3000 or $2300?Dear Traders, OANDA:XAUUSD recently price reached to record high after hitting at $2484 and rejected there. After looking at the chart closely, we can see price rejecting at three point rejection buy side trendline. Where price previously dropped heavily after rejection at the point. Currently we have two options, firstly price might continue heading towards $3000 as we had described in our previous chart or it might drop to $2350 or lowest $2300. Please use this analysis as educational purposes, unlike our other analysis. Good Luck.
OANDA:XAUUSD
by Setupsfx_
13
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