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XAUUSD One Resistance remains before it marches to $3000.Last week's call on Gold (XAUUSD) gave us an excellent pull-back buy entry on the 4H MA50 (blue trend-line) and reached not only the top of the Channel Up but almost Resistance 1 as well: Reaching Resistance 1 has always been a strong bullish signal for the long-term Channel Up that started more than 1 year ago on the October 06 2023 Low. As you can see, both two times that the price broke above the Triangle pattern of its Bearish Leg and tested Resistance 1, it eventually broke it, confirming the new Bullish Leg. All three break-out Legs have 1D MACD Bullish Crosses to show for. With both previous Bullish Legs peaking upon at least a +21.85% rally, we expect Gold to hit $3000 minimum by April. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
Gold Price Analysis: Key Insights for Next Week Trading DecisionThe market is buzzing with mixed feelings as we approach Donald Trump's inauguration as US President-elect. Gold prices have retreated from a one-month peak, with some investors jumping on the opportunity to buy the US Dollar at perceived dips. Despite this, gold remains heavily influenced by the geopolitical and domestic political climate in the US. Recent inflation data, combined with comments from Fed Governor Waller, have put pressure on the Dollar, with traders betting on an earlier rate cut. Waller hinted at the possibility of a rate cut as soon as the March meeting, noting that inflation is nearing the Fed's 2% target. In this video, we explore how these developments could shape the gold market moving forward. #GoldAnalysis #XAUUSD #GoldPrice #TrumpInauguration #USDIndex #InflationData #FedRateCuts #GoldTrading #ForexAnalysis #MarketTrends 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.
SAXO:XAUUSD
by darcsherry
8
GOLD Is Bullish! Long! Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2,706.25. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,790.68 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
FXOPEN:XAUUSDLong
by SignalProvider
1
Is XAUUSD wl break rising channel? On the Weekly time frame last week market was not able to break above the structure resistance, for which there is a possibility market might retest the resistance and start it's downfall Most important Secondly Inauguration of Donald Trump could have a very strong effect on Dollar so most probably we will see a downward movement on Gold. What we have today? As opening of Tokyo session, we predicted that gold have to respect the previous support area at 2690 and move above ,if market remains below 2720 we'll be on brearish cycle till 2640. On the other hand todays in Us ,we have Donald Trump oath inauguration and Holiday, . If any 4H candle closes above 2720 ,we'll jump on buyer sides and my optimal target will be 2750.
FOREXCOM:XAUUSDShort
by Forexmaestro121
Crude Oil: Short Strategy Recommended for Next Week -Key Insights: Crude oil has shown a bullish outlook in the short term, but underlying bearish indicators suggest a cautious trading approach. Market dynamics may shift due to geopolitical events, potential oil surpluses, and rising interest rates. Traders should watch for critical economic data that may influence oil volatility. -Price Targets: Next week targets are set at T1=$74.00, T2=$71.00 with stop levels of S1=$80.00, S2=$82.00. This aligns with the current price of $77.67, positioning for potential downward movement while maintaining necessary risk management. -Recent Performance: Crude oil recently breached key resistance levels, reflecting strong bullish momentum, yet is now at a crucial juncture where downward pressure may emerge. Price fluctuations indicate the need for monitoring as oscillations could lead to notable shifts in market sentiment. -Expert Analysis: Analysts express mixed sentiments; short-term optimism hinges on current bullish movements alongside warnings of future market corrections. Monitoring fluctuations in interest rates and their impact on crude prices remains vital, emphasizing the careful approach due to potential volatility. -News Impact: Geopolitical tensions, including alignments of Saudi Arabia with BRICS nations and ongoing sanctions against Russia, Iran, and Venezuela are pivotal. Anticipated economic indicators, particularly from the Bank of Japan, could indirectly influence the oil market by impacting the US dollar's strength, which is crucial for crude oil pricing globally.
NYMEX:CL1!Short
by CrowdWisdomTrading
Long positions feasible as gold tests resistance levels next wee - Key Insights: The recent performance of gold indicates its positioning at critical resistance levels, particularly around $2720. The potential for upward movement remains if it breaks through these levels. Traders should focus on managing risks given the high volatility, and beginners are encouraged to practice with a demo account before engaging in live trading. - Price Targets: Next week targets for long positions are T1: $2750, T2: $2785. Stop levels are S1: $2710, S2: $2680. This setup suggests a cautious approach while betting on gold’s ability to breach key resistance. - Recent Performance: Gold exhibited significant fluctuations this past week, stabilizing around the $2750 mark. Its performance stands out particularly as other financial sectors have excelled, though gold remains intertwined with evolving market conditions reflecting investor sentiment. - Expert Analysis: Analysts continue to express a cautiously optimistic outlook for gold in light of shifting economic indicators. While volatility remains a concern, the sentiment among experts suggests that a breakout above $2720 could signal renewed interest from commodity investors, especially during uncertain economic times. - News Impact: Positive earnings announcements from major banks have created a ripple effect, fostering speculation about a possible shift of capital from equities into commodities. This environment encourages attention towards gold as a safe haven or alternative investment during times of market turbulence, underscoring gold's importance in a well-rounded investment strategy.
COMEX:GC1!Long
by CrowdWisdomTrading
XAU/USD : Key Levels $2717 and $2727 to Define Next Move! (READ)Analyzing the 4-hour gold chart, we observe that after rising to approximately $2725, gold underwent a correction down to $2703. Currently, gold is trading around $2708, and the key level to watch over the next two hours is $2717. If gold fails to breach and stabilize above $2717, we may expect further corrections. Alternatively, gold might move above $2727 to collect liquidity, followed by a potential reaction to this liquidity pool, leading to a correction. Stay tuned for updates once the confirmations are in place! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
11