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The US economy clearly shows cracksGOLD the day gone by after having a robust fee drop of almost 30 points. Now it has returned. With the fashion in H4 and D1 nonetheless displaying an boom, consistent with me, GOLD will maximum possibly check one extra beat to boom 238x. With the information that the conflict remains going on, consistent with me, destiny GOLD could be capable of boom with the aid of using 2,500, everyone!! For today`s plan, please confer with BUY GOLD round 2355>2359 SL 2351 TP 2366>237x Currently the Buy facet is pretty robust so I will consciousness on BUY. If there's a brand new overall performance or a Sell point, I will notify you later, everyone -- The enduring power of americaA financial system through the years has amazed specialists. However, cracks are beginning to seem withinside the world`s biggest financial system because the carrier region weakens markedly because the unemployment price hits its maximum degree in almost 3 years. Some financial specialists are starting to fear that americaA financial system is ready to fall into recession, that could purpose americaA Federal Reserve (Fed) to behavior a chain of hobby price cuts.
OANDA:XAUUSDLong
by TheLeader_WOLF
XAU/USD 09 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down. It would be prudent to stand aside and allow price to confirm it's intention. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a further bearish iBOS Technically we are currently trading within an internal high and fractal low with the bullish CHOCH positioned close to the internal high, however, as price has reached premium of 50% EQ I am happy to label the fractal low as an internal low as bullish CHoCH is positioned close the the internal high. Intraday expectation: Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Possible Drop incomingI believe gold is likely to continue lower, Let me explain why> Based on this image you see here, gold has been stumbling about this level for quite some time, at least 4 days. Due to the fact that it appears to be a "support" I am thinking that there might be buyers trapped in buys or at the very least induced to buy at this level. Which means stop losses of same said buyers would likely be below this (cyan level) See image below. Now gold is a bullish market overall, on the monthly timeframe. Which means buys are likely the overall play but in order for gold to go up it needs liquidity (energy) to do so, how does a market get liquidity? By stopping out traders from the opposing direction. This can be further possibly be confirmed by paying attention to the way the last 3 monthly candles have formed and closed The way the market is behaving at this high I believe that it is suggesting that it is rejecting the high which also suggests sells. So far so good right? The monthly and weekly timeframe do not add anything to my analysis so I will skip them both. The 4 hour timeframe shows where price heavily pushed out and up away from the consolidation, this was also during and around NFP and after FOMC. If it were going to buy, it would continue to buy right? But if we pay attention to the last few candles I think you'd agree with me in saying that bearish momentum is actually increasing, no? Why would bearish momentum increase if buys are incoming? The 1 hour suggests rejection to this same (cyan level) but it is staying at and around this level for quite some time, if it were rejecting, why is it staying there for so long? Who is it really trying to induce? The 30, 15 and 5 minute timeframes do not add anything to this analysis so I will skip. The 1 minute timeframe shows a gigantic drop with price halting at and around the (cyan level) why? Price is again sticking around this area, which suggests buys to the greater population of traders but every time I bought today, the market barely went up. I was fortunate enough to end my trading day at a net positive but the buy feels very sketch for me personally. I believe Gold will continue to drop before the buy actually presents itself I am going to the 15 minute timeframe to show what I think is likely to occur. This is what I believe can happen. Boost the post if you agree with my analysis.
OANDA:XAUUSDShort
by Brandon_evo4
XAUUSD: 2300+ PIPS Trade Idea in Making! Gold price rebound to 2365$ area before started to drop again, price reverse from a solid imbalance zone where price rejected strongly. After carefully, looking at the price behaviour it is likely to have a strong drop on gold prices in coming days. We expect price to continue dropping down until it reaches 2280 region where a strong reversal/rebound can be expected. So good luck and trade safe. **if you like our ideas then please do like,comment and follow for more.**
OANDA:XAUUSDLong
by Setupsfx_
26
XAUUSD: Possible Early Price Mitigation! Dear Traders, OANDA:XAUUSD we have updated our views on gold, in our opinion price is likely to continue the bullish momentum from this moment onwards, next possible targets are 2390$ and 2450$. However, if current strong resistance upholds then price can drop 2290$ or 2280$ region can be strong opportunity where buyers can strongly rebound. **If you like our ideas then please like, comment and follow us which will encourage us to bring more educational ideas** Team SetupsFX_
OANDA:XAUUSDLong
by Setupsfx_
6
XAUUSD: As explained in our previous ideas! Time to Buy! Dear Traders, As we had explained in our previous chart analysis on Gold, price did exactly the way we expected. Now we can take swing buy entry, however, would advise you to wait until London session open on Monday. Enter with accurate risk management. **Good Luck and if you like our ideas then please do like and comment the ideas; also follow us which will encourage us to bring more educational ideas like this.**
OANDA:XAUUSDLong
by Setupsfx_
37
#XAUUSD: As we planned, everything is moving as expectedDear Traders, As we explained in our previous charts that gold will rebound from 2290 region and price did exactly as we expected. Now we expect price to continue the bullish momentum up until 2500$ region, which will be our long term entry. There are major economical data on our way in this week also next week, those may impact the future trend of the Gold. However, we remain firm with our positions. **If you like our work please like and comment, follow for more such educational content**
OANDA:XAUUSDLong
by Setupsfx_
4
Analysis of gold price trend on MondaySpot gold fell slightly in the Asian market on Monday and is currently trading around 2383. The unexpected result of the French election over the weekend, the weakening of the euro, provided the US dollar with a rebound opportunity, and the London gold price was slightly under pressure. Gold extended its gains on Friday to its highest level in more than a month, reaching 2392, after key US employment data showed that the labor market was weakening, thus raising expectations of a September rate cut by the Federal Reserve. In the past week, the US economic data has been disappointing, the US dollar has fallen under pressure, and gold has risen strongly. Looking ahead to the next week, Fed Chairman Powell will testify in Congress for two consecutive days, and the US CPI data for June may affect the Fed's expectations of rate cuts. In Europe, the French election on Sunday (July 7) has attracted much attention. In addition, the Reserve Bank of New Zealand will announce its interest rate decision. Given that it is expected to keep the interest rate unchanged, the market will pay attention to changes in its wording. Investors need to pay attention to the further fermentation of the French election on this trading day. This week, focus on the congressional testimony of Fed Chairman Powell and the US CPI data for June, and pay attention to news related to the geopolitical situation. Relatively speaking, the current fundamentals and technical aspects tend to support gold prices to break through the 2400 mark, and it is even expected to test the resistance near the historical high of 2449. Technical aspect Technical aspect: Gold closed sharply higher on the daily line. Bollinger Bands opened upward, MA10/7-day moving average opened upward and currently moved up to 2343/2355, and RSI indicator ran above the middle axis. Short-term four-hour chart formed a big positive line and broke through the moving average, keeping the opening upward and the price was on the upper track of Bollinger Bands, but RSI indicator reached 80 and entered the overbought zone, paying attention to the technical adjustment of the early week's high and fall. The trading idea of ​​gold at the beginning of the week remains unchanged, and the idea of ​​buying at a low price remains unchanged, supplemented by selling at a high price. Asian trading strategy: Short-term gold 2380-2382 long, stop loss 2371, target 2395-2405; Short-term gold 2406-2408 short, stop loss 2415, target 2380-2390; Note: The above strategy was updated on July 8. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
OANDA:XAUUSD
by GenevieveJulia
XAUUSD July 8, 2024 Will the rising wave continue? Nonfarm news last weekend with lower employment data than the previous period caused gold to have a strong increase in price to 2392.2, this price increase may need to continue a correction of wave 4 before completing wave 5. final increase. Looking at H1 we see Black wave 5 has exceeded our measured target and approached the 2392 area. - So the next 5 waves are a correction. The corrective wave is a complex wave that is difficult to specifically identify, but we still take the ABC corrective wave as the standard for price observation. The specific target of this corrective wave needs to be observed at least as waves A and B complete to be accurate, but from the current data I measure the target of the corrective wave ending at the price range 2363 or 2355. These are the two price zones I expect to continue buying. We will continue to observe price behavior during the correction wave to more accurately determine the target price zones of the correction wave.
OANDA:XAUUSDLong
by DEEKOP
Gold rebounded strongly regardless of nonfarm newsGOLD is currently completely on the trend of the BUY side, but in terms of price model, I see that there is a reaction of 2 parallel cumulative peaks, most likely today or tomorrow. There will be a slight correction back to the 237x area. For me today, I will watch sell based on RSI over buying in Frames H1 and H4. For today's plan, please refer to Canh Sell GOLD around 2384>2387 SL 2389 City 2378>2370 I will wait to BUY GOLD when there is a reaction below the 237x area, so for now everyone just watch for Sell. -- Optimism is protecting the arena gold marketplace. Disappointing monetary data, highlighted via way of means of a slowdown withinside the US exertions marketplace, are growing marketplace expectancies that the Federal Reserve will decrease hobby costs in September. According to CME`s FedWatch Tool, The marketplace sees a almost 80% threat that hobby costs may be reduce after the summer time season break. Independent metals dealer Tai Wong primarily based totally in New York (USA), stated bulls are aiming for a state of affairs in which gold charges will go back to an all-time excessive of $2,450/ounce, if the Fed begins offevolved making public hints (approximately while to reduce hobby costs) in September 2024. Senior marketplace analyst Jim Wyckoff at Kitco Metals stated that the gold marketplace is being supported via way of means of "good buy hunting" shopping for sports of investors, whilst crude oil charges growth and the USD is weaker. additionally creates upward momentum for gold charges. This professional predicts that gold charges will probably flow sideways at present day tiers or lower from now till the stop of the summer time season. In the instant future, withinside the week of July 8-12, spot gold charges face an crucial mental barrier of 2,four hundred USD/ounce. If this threshold isn't always exceeded, profit-taking strain and short-promoting sports might also additionally growth, inflicting gold to regulate again down.
OANDA:XAUUSDLong
by TheLeader_WOLF
XAUUSD: 4/7 Today’s Analysis and StrategyGold technical analysis Daily resistance 2370, support below 2340-20 Four-hour resistance 2370, support below 2350-32 Gold operation suggestions: Gold bulls pulled up yesterday, breaking through the 2340 line since the European session, and then continued to rise in the US session with the stimulation of data, reaching a high of around 2365. Judging from yesterday's trend, the European session rose and broke through, then the US session retreated after a breakout, and then broke through again. The continuous rise also gathered the energy of the bulls. The trend of today's Asian and European sessions is also the direction indicator of the US session, and the support below will also be maintained at the low point of 2353 after yesterday's breakthrough and retreat. This position will also serve as the watershed point of the day. Similarly, if the European session continues to rise during the day, the US session will still be a good opportunity to go long. For yesterday's breakthrough, the bulls still have room to rise. Judging from the current gold trend, the lower support is at 2335-2343, and the previous high point and suppression point are around 2363-65. This position can also be used as the intraday long-short dividing line. If the rise is blocked for a long time, we can look for opportunities to short around 2370 before the US market. BUY:2343near SL:2340 SELL:2370near SL:2373 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Gold could test above 2400 once moreThe 2290 zone has proven to be very strong support for gold and bulls regained control from that area. Last week, XAU/USD continued its ascent, and Friday's NFP brought a new rise, breaking above the 2365-2370 resistance zone and closing the week at 2391. Currently, the structure is bullish with confluence support at 2365. Although I don't foresee sustained gains above 2400 in the medium term, a new test of levels above this important threshold is likely in the near term. Short-term traders could consider buying dips near the support, with invalidation below Friday's low.
OANDA:XAUUSDLong
by Mihai_Iacob
1
XAUUSD ( BREAKOUT RESISTANCE TRENDLINE ) ( 4H )XAUUSD HELLO TRADERS Tendency active bullish after the price breakout the resistance trendline TURNING LEVEL : a blue line between resistance and support level around 2,342$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 2,317$ , indicates buying have already increase this level , so if the price breaking turning level reach this level PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,342$ , after rising to the resistance level around 2,378 , then stable above this level reach 2,396$ , if the price breaking turning level reach a support level at 2,317$ , then stable by open 4h candle below this level reach a 2,302$ TARGET LEVEL : RESISTANCE LEVEL : 2,378$ , 2,396$ SUPPORT LEVEL : 2,317$ , 2,302$
OANDA:XAUUSDLong
by ArinaKarayi
XAU/USD 08-12 July 2024 Weekly AnalysisWeekly Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS. Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation of pullback initiation would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Price has been unable to print a bearish CHoCH and has reacted from premium 50% EQ of the internal low and fractal high. Forthcoming week's expectation is for price to continue bullish, create a new high which would bring CHoCH closer to current price action allowing for price to indicate pullback initiation closer to current price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Since bullish swing and internal break of structure price has not, as yet, pulled back in to discount of 50% EQ. Both swing and internal 50% EQ are located very close-by. An attempt was made on May 24 to break structure to the upside, however, price failed to close above. This could indicate price needed more liquidity to fuel it's drive to the downside which failed after reacting from a daily demand zone. Expectation is for price to continue bullish and react at daily demand zone before pullback initiation. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Intraday expectation: Price to continue bullish and react at daily supply zone. This should being CHoCH close to current price action to indicate bearish pullback initiation. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
Strong increase in Gold - 3rd quarter 2024✍️ NOVA hello everyone, Let's comment on gold price next week from 7/8 - 7/12/2024 🔥 World situation: Gold prices surged during mid-North American trade after June's US Nonfarm Payrolls report surpassed predictions, but hints of a faster cooling labor market from downward revisions of previous months led traders to anticipate a Federal Reserve rate cut in September. This expectation weakened the Greenback and boosted gold. XAU/USD is now trading at $2,391, marking daily gains over 1.40% and weekly gains above 2.70%, partly driven by a weaker US Dollar undermined by lower US Treasury bond yields. 🔥 Identify: Gold price broke the cumulative sideway structure and rebounded strongly in the third quarter of 2024. While the expectation of interest rate cuts this year is getting closer and closer, it is the factor that helps gold prices stay positive 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2431, $2452, $2480 Support : $2365, $2335 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2