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XAUUSD Bullish momentum started again**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between the High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. 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. Last week, we saw a big selloff in XAUUSD for profit-taking after it reached a new record high. While the long-term outlook for the XAUUSD (Gold) is still bullish. **Weekly Chart** Last week's candle closed bearish after testing the midlevel of the previous week's key reversal. It has also tested the IPA of the 1st July 2024 week at 2,353.195 before moving higher. This has confirmed that the sell-off was completed and the buyers are entering the market as it pushed XAUUSD higher. **Daily Chart** Last week's move was a continuation of the previous weekly sell-off move and only tested the relative daily low at around the 2,353.19 level before it turned around and started a bullish move. For this week I expect to continue to be bullish and we will probably see a new high formed above 2,500 level in the coming weeks.
OANDA:XAUUSDLong
by PropSignals
XAUUSD Where it is going first?**Monthly Chart** Last month's XAUUSD (Gold) candle closed as a large bullish candle after creating a new record high shy of the 2,500 level (round number). This indicates that traders will try to push the price higher to break the record high. This is in line with geopolitical reasons happening in the Middle East at the current moment. This month's candle, which is still active, tested 50% of last month's candle and tried to push higher again after a large sell-off last week (Monday—5th August 2024). **Weekly Chart** The last weekly candle closed as a bullish fakey candle (or low test in the supply zone), indicating a solid buy around 2400 levels for 300 pips up. However, the price must still break the low at around 2360 levels before it pushes strongly upwards. This week, we will examine the price movement for a better entry setup to buy from the demand zone. **Daily Chart** Friday's candle closed as an indecision doji after testing the IPA (or FVG candle), indicating an indecision move after large buys from the previous day. This week, I would like XAUUSD to move lower first to test the liquidity pool generated around the 2,360 level. This level has created a great buying opportunity before the price moves higher and creates a new high.
OANDA:XAUUSDLong
by PropSignals
4
Bitcoin's Golden Opportunity Lost? Bitcoin's price has been struggling to gain traction, even as traditional safe-haven assets like gold have surged to unprecedented heights. The yellow metal recently eclipsed the $2,500 per ounce mark for the first time ever, a testament to its status as a hedge against economic uncertainty and inflation. In stark contrast, Bitcoin has been trading sideways, raising questions about its suitability as a digital gold. The divergence between Bitcoin and gold is a stark reminder of the challenges facing the world's largest cryptocurrency. While often touted as a digital equivalent of gold, Bitcoin's price behavior has not mirrored the precious metal's performance. This disconnect has fueled skepticism among investors who once saw Bitcoin as a reliable store of value. Gold's rally is underpinned by a confluence of factors, including geopolitical tensions, inflationary pressures, and a weakening US dollar. These conditions typically drive investors towards safe-haven assets. However, Bitcoin has failed to capitalize on this trend, suggesting that it may not be as immune to broader market forces as many had hoped. Some analysts attribute Bitcoin's underperformance to a combination of factors, including regulatory uncertainty, the ongoing bear market, and the lack of clear catalysts for price appreciation. The cryptocurrency market has been plagued by volatility, and Bitcoin has not been immune to these fluctuations. Despite the recent price weakness, Bitcoin remains a divisive asset. Bullish investors continue to believe in the long-term potential of the cryptocurrency, citing its underlying technology and the growing adoption of digital assets. They argue that the current downturn is a buying opportunity and that Bitcoin will eventually resume its upward trajectory. However, skeptics contend that Bitcoin's price is largely driven by speculation and that the cryptocurrency lacks the intrinsic value of gold. They point to the fact that Bitcoin is a relatively new asset class with a limited track record, making it a risky investment. As the crypto market continues to evolve, the relationship between Bitcoin and gold will be closely watched. If Bitcoin fails to demonstrate its ability to function as a reliable store of value, it could face challenges in attracting institutional investors and gaining widespread acceptance as a legitimate asset class. Ultimately, the future of Bitcoin remains uncertain. While the cryptocurrency has the potential to disrupt the financial system, it must overcome significant hurdles to realize its full potential. Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is essential to conduct thorough research or consult with a financial advisor before making investment decisions.
OANDA:XAUUSDLong
by bryandowningqln
Gold- Strong volatility, no trend change thoughYesterday was another highly volatile day for Gold. After initially breaking above the 2460 resistance and reaching a high of around 2470, the price dropped sharply to a low of 2433. Following an hour and a half of intense fluctuations, the price settled in the middle of the range. Despite these strong moves, the overall trend remains bullish, and I still anticipate a new all-time high and a break above 2500. However, this scenario could be delayed if there is a daily close below 2430.
OANDA:XAUUSDLong
by Mihai_Iacob
2
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold (XAU/USD) prices surged to near $2,430 in Friday's New York session, rebounding after a turbulent week sparked by the Bank of Japan's surprise rate hike. But with the Fed's potential September rate cut looming, will gold continue its climb? The recent recovery highlights a firm near-term outlook for gold, driven by strong speculation that the Federal Reserve (Fed) will begin reducing interest rates in September. There is ongoing debate among investors about the Fed’s approach to rate cuts. Some are anticipating a more aggressive 50 basis point (bp) reduction, while others expect a 25 bp cut. According to the CME FedWatch tool, current 30-day Federal Funds futures data shows a 54.5% probability of a 50 bp cut in September. Additionally, projections for the year indicate a potential total reduction of 100 bps. In this video, I explored the current market sentiment, weighed the chances of both buyers and sellers in this volatile environment and discussed how to prepare for potential trading opportunities in the upcoming week. XAUUSD Technical Overview: This week, we're focusing on the $2,425 zone. This could be a make-or-break point just like it did last week. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. 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! 📌 Follow my journey as I map out the next moves in this dynamic market! #gold #goldprice #goldtrading #swingtrading #marketanalysis #fed #rates #economy #usdata #nonfarmpayrolls #tradingstrategy #technicalanalysis #investing #finance #goldinvestors #goldbugs #goldnews #marketupdate📺🔔💼 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.
PEPPERSTONE:XAUUSD
by darcsherry
XAU/USD 16 August 2024 Intraday AnalysisH4 Analysis: Analysis/Bias to remain the same as yesterday's analysis dated 15 August 2024. -> Swing: Bullish. -> Internal: Bullish. As per previous intraday expectation, price was approaching internal high, however, due to US CPI data, and traders trimming rate-cut bets due to US CPI data, price had a bearish reaction, nonetheless, bullish structure remains intact. Intraday expectation: Price to continue to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was met with price targeting weak internal low printing a bearish iBOS. Bullish CHoCH positioning and strong internal high are positioned at the same level, however, as price has pulled back to discount of 50% internal EQ, I am happy to confirm internal low. Price has reacted at H4 supply zone. Intraday expectation: Price to target weak internal low, however, and as per yesterday's intraday expectation, we need to be mindful that H4 internal structure is bullish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD GOLD Technical Analysis and Trade Idea👀👉 In this video, we dive into the XAUUSD pair, which has recently shown bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am watching to see if the price holds below the current range low. If we get a breakout, I plan to enter a sell position, as explained in the video. If the price action doesn't set up as discussed, there’s no trade. However, it's important to understand that these insights are speculative and not guaranteed forecasts. It's crucial to confirm specific price actions before making any trades, as highlighted in the video. The analysis provides a detailed look at the current trend, market structure, and price behavior. Remember, this content is for educational purposes and doesn't guarantee success. Trading carries significant risks, so always use strong risk management strategies. 📈✅
FOREXCOM:XAUUSD
by fxtraderanthony
1
XAUUSD: 16/8 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2500, support below 2418-2400 Four-hour resistance 2461, support below 2439-2417 Gold operation suggestions: Yesterday, gold technicals continued to fluctuate widely, with the price of Asian and European sessions slightly fluctuating and rebounding at the 2448 mark, and then fluctuated upward to break through the 2460 mark and continue to rise. After the NY market opened, the data was negative and the US dollar index rose, and gold started to fall from the highest 2470 to 2432. From the current trend of gold, the overall price of gold has repeatedly fluctuated widely around 2430-2470, and the volatility has intensified, and the operation risk has also increased at any time. Today, the short-term support below is still focused on the 2439 line, and the upper pressure is around 2461-2470. Continue to rely on this range to sell high and buy low during the day. SELL:2461near SL:2465 SELL:2439near SL:2443 BUY:2401near SL:2397 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
1
Gold Small Correction To 2430Ok Guys Here Is My Today Mapping Just As The Price Action.If Breck The First Setup I Need To re Adjust The Mapping. As On The Price Action Gold Couldn't Stable On The Trendline After the Breakout. So I's Expecting Gold Will Touch 2430 Or More 2417 For Grab Liquidity. Fundamentals Are Strong For The Gold. But Major Players Don't Play Like that. They need The Fuel To Pump. So Let's See What Will Happen Today On Gold. I'm Monitoring 🔰 2454 - 2457 As Sell Zone 🔰 2441 - 2438 As A Scalp Buy Zone 🔰 2448 - 2451 As A Sell Zone ‼️ This Is My Personal Idea Don't Follow It Blindly ‼️
FX:XAUUSDShort
by Mr_Scalper_117
XAUUSD 16/8/2024 Has the Uptrend Started? Yesterday after the PPI news, we saw a strong shakeout and the price came close to the 2nd BUY target zone that I had given and then bounced strongly. But I did not expect such a strong downtrend, so the price zone of 2445 - 2442 did not set a BUY order. Today I expect a correction wave to the 2447 - 2444 zone to complete wave 2 in red and then continue the uptrend according to wave 3. During the price increase according to wave 3, we pay attention to large supply zones such as the 2476 zone, the 2484 zone and the 2500 zone, these are the zones I choose as targets to SELL down Trading plan BUY ZONE: 2447 - 2444 SL: 2437 TP1: 2458 TP2: 2468 TP3: 2476 SELL ZONE: 2484 - 2487 SL: 2494 TP1: 2476 TP2: 2468 TP3: 2458 SELL ZONE: 2497 - 2500 SL: 2507 TP1: 2484 TP2: 2476 TP3: 2468
OANDA:XAUUSDLong
by DEEKOP
Gold- will bulls regoup lower?As discussed yesterday, I maintain a bullish outlook on Gold and expect the price to rise above 2500. As anticipated, the price dipped below 2450 yesterday, triggering my buy order. However, the subsequent recovery from this dip has been less encouraging than expected, prompting me to move my stop loss to break even. From a technical standpoint, Gold's price has fallen below the support level of a recent top consolidation. Unless the bulls reclaim the 2460 level, there is a risk of a further decline. Currently, the price stands at 2455, and my trade is running with a modest profit of 65 pips. However, unless we break above 2460, my short-term bullish outlook remains cautious.
OANDA:XAUUSDLong
by Mihai_Iacob
8
What Happen To The Gold 2430 To Retest AgainWhat Happen To The Gold 2430 To Retest Again Yesterday Gold Make A Fake out On Upper Trendline And With CPI Data Release Gold Make It's Move To bearish With Strong Move Of 400 Pips Fall In 4H.And Re Bound From the Daily RBS Zone. So Gold Can Potentially Reach To 2430 To Sweep The Liquidity Or More Down Side. I Would Like To Sell From The First SBR Zone @ 2458 - 2461 Zone. But Is Breck The Zone I Would Sell Again @ 2464- 2467 Zone. But All Are Probabilities Will See What's Happening
OANDA:XAUUSDShort
by Mr_Scalper_117
XAU/USD 15 August 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per previous intraday expectation, price was approaching internal high, however, due to US CPI data, and traders trimming rate-cut bets due to US CPI data, price had a bearish reaction, nonetheless, bullish structure remains intact. Intraday expectation: Price to continue to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was not met due to US CPI data release and traders trimming rate-cut bets which saw XAU print bearish price action. Price has printed bullish CHoCH to indicate bullish pullback initiation. Price has also reacted at 50% EQ of the internal structure. Intraday expectation: Price to target weak internal low, however, we need to be mindful H4 TF remains bullish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
4
XAUUSD 15/8/2024 Has the uptrend started? Yesterday's CPI news showed a sharp increase in price when it was announced and then a sharp decrease. This is a move to shake off the sellers so that the price can complete wave C. - The sharp decrease in wave C is still, in my opinion, the final shakeout before the price starts to increase to complete wave 5 I predict that this week the price will likely create a new ATH followed by a further correction. - The wave 4 target I set yesterday has been completed at the price range of 2442 to 2445. With a Buy order at this price range, we have a profit of 100 pips. You can close a part of it and raise the SL to Entry. I have a backup target at 2430 - 2427 we will look at this target if price breaks out 2439 - I see a big supply zone at 2468 - 2471 so I will set a Sell scalp target at this zone - Our main Sell target is the end of wave 5 now I am targeting the first wave 5 target which is 2500. Trading Plan BUY ZONE: 2430 -2427 SL: 2420 TP1: 2439 TP2: 2458 TP3: 2476 SELL ZONE: 2468 - 2471 SL: 2478 TP1: 2458 TP2: 2452 TP3: 2444 SELL ZONE: 2497 - 2500 SL: 2597 TP1: 2484 TP2: 2476 TP3: 2458
OANDA:XAUUSDLong
by DEEKOP
xauusd long FUNDAMENTALLY; persistent inflation concerns drive investors to gold geopolic tensions make gold as a safe haven cpi came as negative which devalue from the dollar technically ; BULLISH TREND BREAK OF THE SUPPLY AND DEMAND ZONE A DEEP RETEST ON THE DAILY zone PRICE ABOVE THE SMAES HIGH BULLISH VOLUME PRICE IS ON A MONTHLY S/D ZONE M LOOKING FOR SHRINKING CANDLES MULTIPLE REJECTIONS FEB RETRACEMENT EITHER 368 OR 50 A LONG WICK DOji CANDLE ON THE 4H FOR my ENTRY SIGNAL 1H DOUBLE BOTTOM 30M ENGULFING OR A VARIATION CANDLE RM; 1%RISK 4.1 RRR SCALING IN USING BOH setup while trailing in my stops ps advice : follow your plan and only think of the setup itself not the money manage risk vs reward
FX:XAUUSDLong
by Ily14
Gold is "asking" for 2500Monday has been a strong day for gold bulls, with the price surging by approximately 500 pips. After reaching a new local high yesterday, the price began a typical correction and is now consolidating above the 2460 support level. My outlook for gold remains bullish, and I'm looking to buy on dips. The 2450 zone would be an ideal entry point. For short-term traders, a target could be the 2480 zone, which is where the last high was set. However, I wouldn't be surprised if the bulls attempt to push the price towards the significant 2500 milestone.
OANDA:XAUUSDLong
by Mihai_Iacob
3