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XAU/USD: Ready for a Breakout or Awaiting a Pullback?The XAU/USD chart is revealing a dramatic story. Gold prices are currently fluctuating around $2,669.635 after touching a strong resistance at $2,685.180. The bulls are defending the critical support level at $2,649.955, with two solid defensive shields — the EMA 34 and EMA 89 positioned at $2,639.497 and $2,594.206 — keeping the upward momentum intact for gold. However, the real challenge lies at the $2,685.180 resistance level. Should the price break through, the door will open to new highs, with the next target set at $2,699.470 — a crucial resistance zone. As waves of economic news from the U.S. and key statements from the Fed roll in, this is the moment for savvy and alert traders to take action.
OANDA:XAUUSDLong
by Romio_pro
1
GOLD - LongThe chart analysis for Gold (CFDs on Gold, US$/Oz) shows a breakout pattern indicating a strong upward movement. Key observations include: Long-term Ascending Triangle: The chart depicts a long-term ascending triangle, a bullish continuation pattern, indicating a potential further rise. Breakout and Target: A breakout from the triangle suggests a target price of approximately $3,142.47, which represents a move of about 45.60% from the recent level of $2,648.66. Support Levels: Historical support levels are clearly visible, with $720.67 and $250.23 as key areas where price consolidated in past decades. This suggests that gold is in a strong upward trend with bullish sentiment, especially following the breakout from the long-term triangle. The price target and volume indicate possible further gains. For deeper analysis, one could evaluate macroeconomic factors, such as inflation, central bank policies, and demand for safe-haven assets like gold.
TVC:GOLDLong
by Vem_TA_Charts
SONACOMS (TF|W|) Bullish view .SONACOMS stock analysis Potential breakout opportunity Chart Analysis : SONACOMS is displaying a strong breakout chart , indicating the upward movement in it's stock price. CUP & HANDLE Pattern : The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. VOLUME BUILDUP: volume buildup near the breakout zone . Increased trading volume is a positive indicator, suggesting more interest in stock and potential momentum
NSE:SONACOMSLong
by fzxzz
Gold approaches key upside hurdle ahead of US PCE InflationAfter hitting an all-time high, gold prices are losing momentum as buyers await the US September Core PCE Price Index, the Fed's favorite measure of inflation. Bulls may slow down, but are still in the game On Thursday, FOMC Chair Jerome Powell's reluctance to discuss monetary policy joined the market’s dovish bets on the US central bank to propel the Gold price, especially amid the rush for a haven amid uncertain markets. Technically, the bullish MACD signals add strength to the upside bias for the precious metal. However, the overbought RSI (14) and nearness to an upward-sloping resistance line from December 2023, close to $2,695 at the latest, challenge the bullion’s further advances. Technical levels to watch With the overbought RSI indicating a $2,695 hurdle for gold buyers, the $2,700 level serves as an additional barrier to monitor for better trading opportunities. Beyond that, a potential surge toward the 100% Fibonacci Extension (FE) of February-June moves, near $2,757, can’t be ruled out. Gold sellers should watch for a clear break below the four-month resistance line at $2,620. If this occurs, the 61.8% and 50% Fibonacci Extension levels around $2,578 and $2,522 could draw in bears. Key targets below $2,522 include $2,467 and $2,399. That said, a break below the convergence of the 200-SMA and a year-long support line at $2,288 could signal a trend change for traders. What next? A positive surprise from the US Core PCE Price Index could spark the anticipated pullback in gold prices. However, the dovish Fed stance and strong technical support may prevent XAUUSD bears from gaining control.
OANDA:XAUUSD
by MTradingGlobal
XAU/USD: Awaiting a Breakthrough at $2,720 or Correction?The XAU/USD chart on September 26 tells an exciting story of gold's bullish momentum. After hitting $2,661, gold is steadily advancing, shielded by two strong supports—EMA 34 at $2,540 and EMA 89 at $2,448. These support levels act as fortresses, holding buyers firm and allowing gold to continue climbing. However, all eyes are now on the key psychological resistance near $2,720, a critical barrier that, if broken, could pave the way for new highs. Upcoming FOMC statements could significantly impact XAU/USD.
OANDA:XAUUSDLong
by Romio_pro
The Growing Attraction in a Volatile WorldThe gold price chart shows a clear upward trend since the beginning of September, with the EMA 34 and EMA 89 both signaling a strong upward momentum. The weakening of the USD, along with global economic stimulus measures and political tensions, have pushed gold prices higher. Especially in the context of major central banks around the world - from the US to Europe, and the People's Bank of China - all spreading monetary support packages like spring rain, further fueling the desire to invest in gold. Gold remains a safe haven and attractive asset in the current unstable context. Investors need to closely monitor market developments to seize opportunities and adjust strategies promptly.
OANDA:XAUUSD
by Alexander_FXTrading
Catching the Uptrend Amid Expectations of Interest Rate CutsIn the context of the global economy witnessing major adjustments from central banks, gold prices continued to experience a spectacular week of price increases, reaching a new record high. The main reasons were the weak dollar and the continuous decline in US Treasury bond yields, combined with the tense geopolitical situation between Israel and Hezbollah. At the end of the trading session on September 23 at Kitco, gold recorded a price of 2,625.00 USD/ounce, slightly up 3.60 USD. The market is waiting for new signals from the US Federal Reserve (Fed) this week, especially the upcoming speech of Chairman Jerome Powell, along with the announcement of PCE price index data, an inflation measure that the Fed is particularly interested in. Technical analysis from the current chart shows that gold is trading right at a key resistance level, with a strong upside momentum supported by the 34 EMA and 89 EMA, which are acting as key support levels. Given the current economic and geopolitical factors, gold could continue its upward momentum if the upcoming monetary policy meetings of the Fed and other central banks yield further monetary easing decisions. Further rate cuts could further strengthen the buying interest in gold as a safe-haven asset. If gold breaks the current resistance level, the next target could be around $2,700/oz. In case the price falls below the supporting EMAs, one needs to keep a close eye on the support level at $2,560/oz, which could provide an ideal entry point for long positions.
OANDA:XAUUSD
by Alexander_FXTrading
Historic Turning Point: Gold Takes New HighGold has continued to rally, hitting new highs on the back of the Fed’s rate cut, which has weakened the US dollar and lowered bond yields. Gold is currently trading at $2,625.00, up slightly by 0.14%. Markets are expecting another rate cut by the Fed later this year, which continues to support gold prices. Technically, gold is currently above both the 34-EMA and 89-EMA, indicating a clear bullish bias. Traders should keep an eye on the next resistance level at $2,630. A successful break above this level could pave the way for further gains. However, if a correction occurs, the key support level to watch is $2,590. A pullback could be an opportunity for investors to buy, especially if the fundamentals remain bullish.
OANDA:XAUUSD
by Alexander_FXTrading
XAU/USD: Climbing Ahead of Psychological Resistance at $2661XAU/USD is climbing strongly, holding steady at $2619 with support from EMA 34 and EMA 89. The biggest challenge lies at the psychological resistance of $2661.470 – if broken, the next target could reach $2683.706. Traders can buy if the price breaks resistance or sell if it pulls back to support. Currently, the USD is struggling due to increased risk appetite and dovish expectations from the Fed. Traders are awaiting PMI data from both Europe and the US for new direction.
OANDA:XAUUSDLong
by Romio_pro
Weekend #btc & #gold Price Action Analysis | Market Insights &📈 Welcome to Alzubair FX! In this video, we dive into the latest price action for Bitcoin (BTC) and Gold, analyzing key levels, market trends, and potential movements for the upcoming week. Whether you're a seasoned trader or just starting, our insights will help you stay ahead in the market. 🔔 Don't forget to subscribe for daily Forex analysis and price action insights! 💬 Share your thoughts in the comments below! What are your predictions for BTC and Gold? #Bitcoin #Gold #CryptoAnalysis #ForexTrading #MarketTrends #PriceAction
by Alzubair_fx
1
Gold Awaits Fed's MoveXAUUSD is currently trading at $2,586, near the critical resistance level of $2,588.972. The upward momentum is still supported by the EMA 34 ($2,561.747) and EMA 89 ($2,536.316). However, if this resistance is not broken, the price may retrace to the support zone at $2,554.101. If the price holds above this level, gold could continue rising, aiming for the $2,614 mark. With the FOMC meeting scheduled for later today, the market is awaiting key interest rate decisions, which could cause significant short-term volatility in gold prices. Traders should closely monitor macroeconomic news signals to make informed trading decisions.
OANDA:XAUUSD
by Romio_pro
Gold Long from 2600 Range.The potential upside is strongly indicating that gold prices are no way going to settle below 2600 $ on immediate basis. The fundamental cause for this rise is was already portrayed last year on 4th December 2023. The sharp drop in gold prices on December 4, 2023, was the result of a few key factors converging to drive significant market volatility. Profit Taking: Gold had reached an all-time high in early December due to geopolitical tensions, especially in the Middle East, which drove safe-haven demand. When gold touched this high, it triggered a wave of profit-taking, as many investors sought to lock in gains, leading to a sell-off. This marked a major pivot from the price surge​( Interest Rate Expectations: Around that time, there were shifting market expectations regarding U.S. interest rates. The U.S. Federal Reserve had previously hinted at potential interest rate cuts in 2024, which initially supported gold prices. However, as markets began reassessing the timeline and pace of those rate cuts, sentiment changed. Investors became more cautious, and the anticipation of delayed cuts led to a stronger U.S. dollar, which inversely impacts gold prices, contributing to the fall​ Economic Data: Economic indicators released around the same period were not showing signs of the expected weakness. This further dampened investor optimism about an imminent rate-cutting cycle, causing a reassessment of risk positions and leading to additional selling pressure on gold​. The combination of profit-taking, shifting interest rate expectations, and economic data that did not support continued bullish sentiment drove the significant decline in gold prices starting on December 4. Now as we are today at Sept 20th, 2024, we can see the first interest rate cut from Fed has clearly been on rise for GOLD. Gold is currently on the rise due to fresh investing and this may continue for a pottential longer time than usual previous movements.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
2
XAUUSD Hits Resistance, Awaiting Fed SignalXAUUSD is currently trading around $2,573, approaching a key resistance level at $2,587. If it fails to break through, the price may correct towards the support zone at $2,536 before a potential strong recovery. The EMA 34 ($2,557) and EMA 89 ($2,530) continue to support the uptrend, but with the RSI at 67.87, the market shows signs of being overbought, increasing the likelihood of a correction. Gold has attracted some dip-buying on Wednesday as rising bets on a 50 bps rate cut from the Fed test the recovery of the US dollar.
OANDA:XAUUSD
by Romio_pro
XAUUSD 19/9/2024 Downtrend is over? Looking at H1 we see that after the FOMC news we witnessed a strong price increase creating ATH at the 2600 area. Then there was a strong decrease to the 2547 area - So wave 5 has completed as expected my target. now we expect an ABC correction - Looking at the chart we see a strong decline suggesting a completed wave A, this strong decline also shows us that wave A has a 5-wave structure so this correction we expect a correction according to the ABC Zigzac correction structure - The target of wave B I expect at the 2580 - 2583 zone or the 2579 - 2600 zone this is our SELL target - After completing the target of wave B the price continues to decrease to complete wave C I expect the target to complete wave C at the price zone of 2528 - 2525 this will be our BUY target - We also have a strong support zone at the price zone of 2451 - 2448 this will be our BUY scalp zone Trading plan SELL ZONE 2580 - 2583 SL: 2590 TP1: 2570 TP2: 2562 TP3: 2551 SELL ZONE: 2597 - 2600 SL: 2607 TP1: 2590 TP2: 2579 TP3: 2562 BUY ZONE: 2551 - 2448 SL: 2561 TP1: 2562 TP2: 2570 TP3: 2579 BUY ZONE: 2528 - 2525 TP1: 2541 TP2: 2551 TP3: 2562
OANDA:XAUUSDShort
by DEEKOP
2
XAUUSD 18/9/2024 gold price has ended the correction? Looking at H1, we have a sharp and fast-moving wave 3, followed by a corrective wave 4 - According to the Elliot wave principle, wave 2 is simple, wave 4 is complex and takes more time, so we are in wave 4. - I temporarily label the small waves in wave 4 so that we can predict the end of wave 4 - Currently, looking at the price target of wave 4, we have the price range of 2565 - 2562 and the second target price range is the range of 2451 - 2448 - Looking at the structure of wave 4, we have a complex structure consisting of a Flat wave combined with a zigzag structure WXY. Looking at the wave 4 structure, we see that the correction structure may be sufficient and we expect the price to continue to increase according to wave 5 - The correction process of wave 4 is confirmed to be completed when the price breaks out through the 2590.188 zone, then we have the target zones of wave 5 above, which are the 2600 - 2603 zone and the 2616 - 2619 zone Our trading plan BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2579 TP2: 2590 TP3: 2600 BUY ZONE: 2451 - 2448 SL: 2441 TP1: 2561 TP2: 2579 TP3: 2590 SELL ZONE: 2600 - 2603 SL: 2700 TP1: 2590 TP2: 2579 TP3: 2565 SELL ZONE: 2616 - 2619 SL: 2716 TP1: 2600 TP2: 2590 TP3: 2579
OANDA:XAUUSDLong
by DEEKOP
Gold Faces Resistance at 2,588 USD, Awaiting Fed SignalsGold (XAUUSD) is currently trading around 2,577 USD, facing strong resistance at 2,588 USD. If it fails to break through this level, the price may correct down to the support zone at 2,530 USD. The 34 EMA and 89 EMA, located at 2,551 USD and 2,524 USD respectively, are providing support for the bullish trend. If the price holds above support, gold may continue its rise towards the 2,560 USD level. The RSI is currently at 75.42, indicating increasing selling pressure. The upcoming Fed meeting decisions will play a crucial role in influencing gold prices.
OANDA:XAUUSDLong
by Romio_pro
1
Gold: Pullback remains elusive beyond $2,570, US data, Fed eyedGold snaps three-day winning streak while retreating from an all-time high, marked the previous day, as traders await the US Retail Sales and monetary policy announcements from the Federal Reserve (Fed), scheduled for Tuesday and Wednesday respectively. In doing so, the precious metal eases from the 61.8% Fibonacci Extension (FE) of its July-September moves. Buyers remain optimist Gold’s recent dip comes as the RSI (14) moves back from the overbought zone and marked failure to break through the 61.8% Fibonacci Extension level on prices. Sellers are also eyeing a potential bear cross on the MACD. Despite this, gold remains above the two-month-old resistance line near $2,570, keeping buyers hopeful with dovish expectations from the Fed. Technical levels to watch For intraday sellers, the $2,570 level is key as it has turned into support. If gold continues to decline, the 50% and 38.6% Fibonacci Extension levels around $2,560 and $2,540 could be next obstacles. Below these, the bears might target the month-old resistance line and an upward trend line from early August, near $2,525 and $2,515, respectively. However, gold buyers will stay optimistic unless the price clearly falls below the 200-SMA level at $2,487. On the flip side, if gold breaks above recent peaks around $2,590, it could target the $2,600 level before approaching the 78.6% Fibonacci Extension at $2,610. If gold buyers push past $2,610, the focus will shift to the 100% Fibonacci Extension near $2,650 and then the $2,700 mark. Sellers need a strong motive to retake control Overall, gold remains bullish despite the recent pullback. For sellers to gain control, they would need not only a drop below the 200-SMA but also strong US data and a hawkish stance from the Fed.
OANDA:XAUUSD
by MTradingGlobal
Gold is a totally save stock to invest money for long timeGold is a totally save stock to invest money for long time Support and resistance levels are important concepts in technical analysis, commonly used by traders to make informed decisions about buying and selling assets Here are the current support and resistance levels for gold (XAUUSD): Support Levels: $1,910: This level has shown strong buying interest recently. $1,880: Another significant support level where buyers have stepped in. Resistance Levels: $1,950: This level has been a strong resistance point. $1,980: Another key resistance level where selling pressure has been observed
TVC:GOLDLong
by UnknownUnicorn62517722
Gold: Prices renew all-time high under $2,600, but expect bumpsGold prices hit a fresh record high around $2,570 early Friday as it extends the previous day’s upside break of a three-week-old resistance, now support around $2,525. This rise is fueled by increasing expectations of significant rate cuts from the US Federal Reserve and a push against a rising trend line from mid-July. A bumpy road for the bulls ahead… Despite the Fed's rate cut hopes supporting gold, an eight-week resistance line and an overbought RSI (Relative Strength Index) suggest a possible price pullback. Additionally, a potential bounce in the US Dollar, especially with upcoming reports on consumer sentiment and inflation expectations, might give gold buyers a temporary pause. Nevertheless, the breakout above resistance and bullish MACD signals keep the buyers optimistic. Technical levels to watch… To continue climbing, gold prices need to break above a two-month resistance line around $2,570. If successful, gold could quickly reach the 61.8% Fibonacci Extension (FE) level of the bullion’s late July to early September moves near $2,581 and then target $2,600. If gold surpasses $2,600, it could aim for the 78.6% and 100% FE levels around $2,610 and $2,650, respectively. If prices pull back, they might first test the 50% and 38.2% FE levels near $2,560 and $2,540. A key support level at $2,525 could also come into play. If gold drops below $2,525, it might struggle to hold above $2,500 and $2,470, making those levels significant for potential declines. What next? Gold buyers are expected to remain strong, thanks to anticipated rate cuts from major central banks like the Fed. However, there might be a temporary dip in prices before the next rally.
OANDA:XAUUSD
by MTradingGlobal
Gold Hits 2,570 USD Peak, Support at 2,521 USDGold is currently trading around its all-time high near 2,570 USD after a strong rally fueled by rising expectations of a significant Fed rate cut. The 34 and 89 EMA lines show that the upward trend is still intact, though a short-term correction is possible. Key support levels lie at 2,501 USD and 2,521 USD, where investors may find buying opportunities. Gold could rise to the 1.618 level, where it will face psychological resistance before continuing upward towards the next target at 2.618.
OANDA:XAUUSDLong
by Romio_pro
3