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XAU/USD 02 August 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. After BOS/iBOS price is expected to pullback. Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has now printed a bullish iBOS aligning itself with swing structure. Price has reacted at H4 supply level to possibly initiate bearish pullback phase. CHoCH line is denoted with a blue dotted line with price yet to print bearish CHoCH to indicate bearish pullback phase initiation. Intraday expectation: Price to print bearish CHoCH, trade down to either discount of 50% EQ or M15 demand levels before targeting weak internal high. Alternative scenario: Price to continue bullish to reposition CHOCH closer to current price action. To then trade down to discount of 50% EQ or M15 demand levels before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 1/8/2024 after FOMC news? Looking at H1, we see that after this morning's FOMC news, we see that XAU has increased to the 2458 zone - As I analyzed in the previous plan, when the price breaks through the 2402 zone and then tests again and does not fall below this zone, the price will continue the 5-wave trend instead of the 3-wave ABC. - Regarding the trend, after the price follows the 5-wave model, the next wave target is the 2500 price zone as analyzed before. - Looking at the present, we see that wave 3 in the blue 5-wave structure is completing, and the price has now started blue wave 4 - Measuring the wave 4 target, we have the price zone of 2433. This will be the price zone we are waiting for as a BUY target - The target of wave 5 will be specifically determined by me after wave 4 is formed. With the current data, I am expecting wave 5 to end at the price zone of 2500 Trading plan BUYZONE: 2433 - 2430 SL: 2423 TP1: 2422 TP2: 2450 TP3: 2465 SELL ZONE: 2467 - 2470 SL: 2477 TP1: 2450 TP2: 2422 TP3: 2433
OANDA:XAUUSDLong
by DEEKOP
Gold Ends Month on a High Note with Key BreakoutsGold finished the month on a very optimistic note, reversing 1000 pips from the recent low. More importantly, the month-end brought three significant breaks for bulls: 1. A break above the 2390 confluence resistance. 2. A break above the 2400 psychological level. 3. A break above last week’s high of 2430. With this positive momentum, further gains and a test of the 2500 level are expected soon. Technical Outlook and Strategy: From a technical standpoint, the recently broken resistance levels should now act as support. In this zone, I will look for buying opportunities. The initial target could be the last all-time high (ATH), but if the price continues rising toward that zone, I believe it will break above it. Consequently, bulls are likely to push the price above 2500 to test new highs. Overall, the current market sentiment and technicals suggest a strong bullish trend for Gold, making it an attractive prospect for traders looking for buying opportunities.
OANDA:XAUUSDLong
by Mihai_Iacob
5
XAUUSD: 1/8 Today's Market Analysis and StrategyTechnical analysis of gold Daily resistance 2451-70, support below 2401-2370 Four-hour resistance 2451-70, support below 2419 Gold operation suggestions: Under the influence of interest rate decision and Powell's speech, the bulls went all out and stopped at around 2458. The impact of news is often unknown, so we try not to participate. Currently, gold is consolidating in a narrow range near 2443. From the current market trend analysis, today's support below is around 2419, the top and bottom conversion position of 4 hours, and the upper pressure is 2470-75. The market below 2451 can be seen in the range of 2451-2419. The overall market continues to rely on this range to sell high and buy low. SELL: 2451near SL: 2455 SELL: 2470near SL: 2474 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAU/USD 01 August 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. After BOS/iBOS price is expected to pullback. Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price printed a bulish iBOS followed by a double bearish iBOS. Whilst the most recent bearish iBOS did not print a bullish CHoCH, I was happy to mark the internal low as price had reached 50% and in to premium of the internal EQ. After bearish iBOS we expect price to pull back, therefore, for an early indication that pullback has initiated we need to see price print a bullish CHoCH. Intraday expectation: Price to print bullish CHoCH to indicate pullback initiation before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices surged 1% on Friday as U.S. Treasury yields fell, driven by optimism for a potential interest rate cut by the Federal Reserve in September. Data showed U.S. prices rose modestly in June, giving Fed policymakers fresh evidence of progress in their battle against inflation. The personal consumption expenditures (PCE) price index increased by 0.1% last month, pushing benchmark 10-year note yields to a one-week low. In this video, we analyze the impact of these fundamental dynamics on the Gold market and explore the technical implications on the charts. With the Federal Reserve's monetary policy decision coming up next week, the central bank is expected to keep rates unchanged. However, this meeting could set the stage for the first rate cut in September. What can we expect from the gold market in the coming week? XAUUSD Technical Overview: This week, we're focusing on the crucial $2,390 level. This is a big deal for gold traders - it could be a make-or-break point. If gold stays above $2,390: Bulls might take control, potentially pushing prices higher and setting up new highs. If gold maintains selling pressure below $2,390: Bears might gain the upper hand, and prices could head south respecting the descending 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! #Gold #GoldPrices #FederalReserve #InterestRates #Forex #Trading #MarketAnalysis #TechnicalAnalysis #PCE #USInflation #TreasuryYields #Investing #Finance #EconomicData #ForexTrading #XAUUSD📺🔔💼 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
XAUUSD:31/7: How should gold be traded today?Gold technical analysis Daily resistance 2446, lower support 2401-2370 4 hour resistance 2430, lower support 2401 Gold operation suggestions: Yesterday, the technical side of gold slightly stepped down and stabilized at the 2376 mark in the Asian session, ushering in a bullish shock upward rebound, and then further stretched to the 2392 mark and fell into sideways shock. The US session stepped down and stabilized at the 2383 line for the second time, ushering in a strong bullish rise and breaking the previous high. Finally, the gold price stood strongly above the 2400 mark and continued to stretch to 2412 to close. The overall price was supported and stabilized at the 2376 mark, ushering in a strong bullish rebound, and the gold price returned to the wide range of long and short shocks. From the current trend, today's lower support continues to focus on yesterday's hourly neckline near 2392-94, and the upper pressure focuses on the first pressure near 2430 and the second 2446. Sell high and buy low in this range first during the day. SELL:2446near SL:2450 SELL:2430near SL:2433 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
This Simple Error Cost Me Big on XAUUSD! Learn From My Mistakes!Key Levels and Zones Highs and Lows: HH (Higher High) and LH (Lower High) are marked on the chart. The chart shows a recent HH and LH indicating a bullish trend with a potential pullback. Liquidity Zones (LQZ): 4HR LQZ at 2474.891: This zone might act as a significant resistance level. 4HR LQZ at 2432.126 - 2432.046: This zone was previously a resistance level that may now act as support. 4HR LQZ at 2348.453: Another support zone lower on the chart. Daily Bull Flag: A daily bull flag is drawn, suggesting a potential continuation of the bullish trend if the price breaks out upwards. Trading Plan Identify Key Zones: Mark key support and resistance levels on your trading platform. Wait for Confirmation: Look for confirmation signals (candlestick patterns, volume spikes) before entering a trade. Set Alerts: Use trading alerts to get notified when the price reaches key levels. Risk Management: Always use a stop loss to protect your capital. Ensure your risk-reward ratio is at least 1:2. Review and Adjust: Regularly review your trades and adjust your strategy based on market conditions.
OANDA:XAUUSDShort
by Adlercon333
3
Two major news are about to detonate the gold price market. Two major news are about to detonate the gold price market. Will the follow-up of the attack on the top leader of Hamas detonate the gold price market? Will gold continue to rise if the Fed cuts interest rates? Senior analyst Eddy believes that gold will directly go long on gold prices before the two major news come. Waiting for the market to soar. Hamas's resistance is undoubtedly the fuse that leads to the rise in gold prices. The upcoming Fed interest rate will also drive gold prices up again. So now is still a great opportunity to buy. The current price is at 2421. The battle line is extended. Buy in the range of 2410-2420. Wait for the market to rise. Investors with large funds can buy multiple orders in advance. If your funds are relatively small. Remember to go long in a small position at a stable position. COMEX:GC1! FOREXCOM:XAUUSD TVC:GOLD TVC:DXY
TVC:GOLDLong
by Eddy_Wealth
Gold is Ready to Go down!!!Gold moved as I expected in the previous post . Gold is currently moving near the Resistance zone($2,452-$2,427) , the upper line of the Ascending Channel , and the Time Reversal zone(TRZ) . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to break down to at least the lower line of the ascending channel and the Support zone($2,042-$2,377) . Gold Analyze ( XAUUSD ), 1-hour 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
9
Will the gold price continue to rise? Yes London market: The attack on Hamas leaders has once again detonated the market. After the gold price fell back to 2405 in the Asian market, the gold price rose again to a high of 2422 because of the news. It is currently fluctuating at 2419. Senior analyst Eddy believes that after the short-term gold price falls, it will continue to rise. Therefore, the main trading method is to buy at low levels. The stable position is 2410-2415. Friends with large funds can consider entering the market at 2419-2417 in advance. TVC:GOLD FOREXCOM:XAUUSD COMEX:GC1!
TVC:GOLDLong
by Eddy_Wealth