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D-XAU

Gold for the week starting 4th nov 2024Trading Strategy: Buy Above 2,745 / Sell Below 2,731 Current Price: 2,742.00 USD Key Levels: Buy Signal: If the price closes above 2,745 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,731 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 2,742.00 USD, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely. Recommendations: Buy: If the price sustains above 2,745 on the one-hour candle close, consider entering long positions with targets at 2,780 and 2,800. Sell: If the price breaks below 2,731 on the one-hour candle close, consider short positions with targets at 2,700 and 2,680. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
OANDA:XAUUSD
by ramkkyy
EURUSD 15M ANALYSISFOREXCOM:EURUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
EURUSD AnalysisFOREXCOM:EURUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
AUSDUSD shortFOREXCOM:AUDUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
GBPUSDFOREXCOM:GBPUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
GBPAUD BuyFOREXCOM:GBPAUD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
Gold or Nasdaq: What to Short this Week? Gold or Nasdaq: What to Short this Week? For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. If Gold drops below $1,945, there is a risk of prices descending further and retesting their previous lows or the 200-Day Simple Moving Average (SMA) around $1,941. The deciding factor for Gold this week will likely be the US jobs data. The Non-Farm Payroll (NFP) report on Friday is a significant event, and the precursor jobs data (JOLTS Job report on Tuesday) could also sway traders. The market expects the NFP to show 190K jobs added, more than double the natural US growth rate. A strong jobs figure could influence traders' anticipation of the Federal Reserve's interest rate decision and impact the downside outlook for Gold. On the other hand, Nasdaq and other major US indices are expected to end July with gains. The Dow Jones has particularly shown impressive growth over the past two weeks. The outperformance of the Dow Jones suggests a possible shift by investors from growth stocks (such as Nasdaq stocks) to value stocks. Looking at the daily chart, the Nasdaq Composite is now targeting a key resistance level at 14,649. However, there is a possibility of aggressive seller response at that level. On the 4-hour chart, a divergence with the MACD indicates weakening momentum, which is often followed by pullbacks. Earnings reports from major tech companies, Apple and Amazon, will be crucial for Nasdaq this week. These two giants represent 11.6% of the entire Nasdaq index measured by market cap. Better-than-expected US earnings could potentially prolong the bull run in the market.
BLACKBULL:XAUUSD
by BlackBull_Markets
Gold price rising? Only to plunge again! ICT Approach To XAUUSD.Hello Traders! We see a test of the 2080 resistance level once again. Weekly and daily ranges are marked on the chart. The market is in premium zone on the weekly and Lower High (LH) picture is maintained on the daily. Also, we're in a discount zone on the daily . Hence some retracement to equilibrium and the daily bearish order block (OB) is expected. The daily OB is also overlapping with a weekly bearish OB . That makes the 1940-1945 zone an extremely important resistance. Strong selling is expected from the said level. The quarter has just ended on 30th June 2023 and this quarter is expected to be bearish as well. Although the seasonal tendency of XAUUSD in July is bullish, the same may not be expected this time but could be a cause for deeper retracements. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
EIGHTCAP:XAUUSDShort
by UnknownUnicorn27677748
Market Reactions to Fed’s “Hawkish Pause” Market Reactions to Fed’s “Hawkish Pause” Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely expected, the fact that policy makers see rates at 5.6% at year-end was what caught the market off-guard. The combination of the pause with the suggestion of two more 25 basis points hikes has been dubbed the “hawkish pause”. Following the decision, stock market closing results were mixed. The Dow Jones closed more than 230 points lower, while the S&P 500 and the Nasdaq experienced gains of 0.1% and 0.4% respectively. The Nasdaq Composite was primarily bolstered by the gains made in AI-adjacent stocks of Nvidia and AMD. The day began with Bitcoin surpassing $26,000. However, it has since retraced to a 24-hour low of $25,791. Some analysts are predicting an inevitable drop to $25,000 based on recent cryptocurrency news that is dominated by discussions on regulation. Meanwhile, gold prices initially rose to touch $1959 per ounce in the session but later trimmed gains, trading around $1945. The dollar has weakened across the board, with the DXY down 0.32%. The NZD is the biggest mover, rising by more than one percent to a 3-week high of $0.6211. Gains in EUR and GBP were more modest, at +0.39% each.
BLACKBULL:XAUUSD
by BlackBull_Markets
NFP report: How Will it Shape the Gold Trend?NFP report: How Will it Shape the Gold Trend? Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over? One fundamental indicator that can help answer this question is the nonfarm payrolls, due to be released this Friday (US time). Any unexpected outcomes could lead to heightened volatility in rate-sensitive assets such as gold. Market projections indicate that the upcoming nonfarm payrolls report for May will show a slowdown in job additions to the economy, with 190,000 jobs compared to the 253,000 jobs added in April. Interestingly, the forecast for the previous month was also around 190,000 jobs. The nonfarm payroll data serves as the final key indicator ahead of the release of inflation data on June 14 and the concurrent interest rate decision from the Federal Reserve. Market sentiment currently suggests a 60% probability of a 25 basis-point interest rate hike during the Federal Reserve's upcoming June meeting, compared to a 26% chance observed a week earlier. If implemented, this would mark the central bank's 11th consecutive rate increase. Gold was trading around $1,932, reaching its lowest level since March 17 before its incline began on Tuesday. While Thursday was a positive day for the metal, it still retraced about half of its gains on the day and now trades at approximately $1,960. It peaked at $1,974, which is the most immediate resistance level but without much historical precedence. Considering the NFP is still two days away, this level might become irrelevant. $1,985 is a level with more medium-term precedence but will have to wait until closer to the release of the data to tell if this level is something that needs to be watched. If gold turns to the downside, it might pay to keep an eye on $1,938 as a support level.
BLACKBULL:XAUUSD
by BlackBull_Markets
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast: 1674.85 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 1674.85 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. A trough is formed in daily chart at 1616.52 on 11/03/2022, so more gains to resistance(s) 1807.13, 1850.71, 1878.75 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 70. Take Profits: 1658.96 1688.79 1708.45 1730.00 1765.00 1807.13 1850.71 1878.75 1914.23 1980.16 2074.89 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSD
by ForecastCity_ME
💡 GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 1615.11, beginning of uptrend is expected. We make sure when the resistance at 1807.13 breaks. If the support at 1615.11 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 1680.82 on 2022-07-21 and the trough at 1614.79 on 2022-09-28, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A peak is formed in daily chart at 1730.00 on 10/04/2022, so more losses to support(s) 1681.71, 1653.53, 1637.49 and minimum to Major Support (1615.11) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 50. Take Profits: 1681.71 1707.88 1727.70 1765.00 1807.13 1832.23 1878.75 1926.82 1959.30 2000.00 2074.89 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSDLong
by ForecastCity_ME
700 pip downside move in goldOne of the largest moves caused by the unexpected US inflation data has been in gold. Gold has finally broken through the monumentally important support level of $1,680 and has pushed all the way down to ~$1,660/oz. Gold achieved this huge break to the downside in one four-hour period. Before this, gold was already feeling the downside pressure, experiencing a drop from ~$1,730 to ~$1,700 in the immediate aftermath of Tuesday’s US inflation data. Total movement to the downside in gold since Tuesday now sits at around 700 pips. Gold weakness is being driven by the expectation that the US Federal Reserve will enact a greater-than-expected interest rate hike next week. The markets are currently pricing in the 30% chance that the Fed delivers a 100-basis-points rate hike. For one, ex-Treasury Secretary Larry Summers is calling for a 1% hike. The markets are now pricing in a 30% chance of a 75-basis-points hike because US inflation subsided less than expected (8.3% vs 8.1% expected) on Tuesday. However, the worst data point is the 0.1% increase in core CPI (excludes volatile energy and food prices), a shocking result after the markets got used to the idea that inflation (in all its measurements) had peaked.
BLACKBULL:XAUUSD
by BlackBull_Markets
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 1680.80, beginning of uptrend is expected. We make sure when the resistance at 1807.13 breaks. If the support at 1680.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A trough is formed in daily chart at 1680.80 on 07/21/2022, so more gains maximum to Major Resistance (1807.13) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 61. Take Profits: 1752.71 1785.00 1807.13 1832.23 1878.75 1926.82 1959.30 2000.00 2074.89 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSD
by ForecastCity_ME
2
💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1697.6). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 67. Take Profits: TP1= @ 1723.6 TP2= @ 1745.1 TP3= @ 1763.5 TP4= @ 1785.1 TP5= @ 1809.9 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSDLong
by ForecastCity_ME
2
GOLD: Where is it headed?I don't trade this script digitally but just hoard spot gold and add more when cheap. Stars look to be aligning for this one. There have been so many setups of this style on the markets lately, >run to ATH >sweep it/tease it >break the lows which gave us the artificial breakout. (so many equal lows and untapped liquidity in gold charts. >Enter/bid. We may or may not get that bounce before running lower. High probability setup if it does not bounce significantly. And when/if $XAU reaches these levels, I believe that $ES and all risk assets will botttom too, with $DXY pulling back. You need these to align before going in heavy.\ Good luck.
FX_IDC:XAUUSDShort
by Degengambleh
1
💡 GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 1785.00, resumption of uptrend is expected. We make sure when the resistance at 1916.50 breaks. If the support at 1785.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1785.00 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. While the RSI support #2 at 38 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 1805.00 on 06/14/2022, so more gains to resistance(s) 1835.02, 1853.78, 1874.33 and maximum to Major Resistance (1916.50) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index ( RSI ) is 45. Take Profits: 1785.00 1835.02 1874.33 1916.50 1959.30 2000.00 2075.00 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSDLong
by ForecastCity_ME
2
💡Don't miss the great buy opportunity in GOLDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1798.7). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GOLD is in an uptrend, and the continuation of the uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 53. Take Profits: TP1= @ 1831.7 TP2= @ 1858.0 TP3= @ 1871.9 TP4= @ 1891.8 TP5= @ 1920.0 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FX:XAUUSDLong
by ForecastCity_ME
2