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Goldlong

XAUUSD - The uptrend continues when the trent breaks 2393Gold declined near $2,380 per ounce on Tuesday, extending losses from the previous session, as investors look forward to upcoming policy meetings from major central banks this week. The Federal Reserve is anticipated to keep interest rates unchanged on Wednesday, but all eyes will be on any indications of a potential rate cut in September. Meanwhile, the Bank of Japan is expected to lift rates by 10 basis points to 0.1% Upper border breakout: 2393 - 2400 Lower border breakout: 2376 - 2370 Resistance: 2400 - 2407 - 2412 - 2418 Support: 2376 - 2367 - 2361 - 2353 Price ranges to note: SELL price range 2417 - 2419 stoploss 2422 BUY price range 2354 - 2352 stoploss 2348 Note: Full TP, SL to be safe and win the market. GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Gold Consolidating for a Robust UptrendOn Weekly Basis: GOLD took a support at 1640 (inverted head) on weekly charts (October, 2022) after it made a peak at 2035 (August, 2020) and correcting nearly 50%. It tried to pierce the daily top of 2070 twice after peaking in August,2020. It means it made a triple top which could mean a bear market for GOLD instead it made an inverted head at 1640 and shoulder pattern between 2010 to 2035. 50% retracement has been completed 1640, starting from 1190 and completing at 2035. The year 2024 is the fourth year of consolidation in GOLD. The resistance at 2035 has been broken and remaining in medium term consolidation pattern between 1980 to 2075. Currently 200 DMA is at 1966 with an uptrend. Fresh new Wave may start in near future by the time 200 DMA move above 2000 level. One can be optimistic and it provides a good choice to buy at current level with a minimum bold target of 2950, which becomes a strong buy from long term point of view. It has come out of oversold position to neutral zone. RSI was oversold in October, 2023. Now it has broken out of the long-term channel of 4 years and continuously trading above the upper line of the channel at an all-time high with minor blip down. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:GOLDLong
by AnkurSharda3
xauusd set a record this morning when CPI news was releasedGold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%. 🔝🔝 Deekop's research and comments XAUUSD PLAN DAY TODAY July 11 🔴SELL GOLD: 2390 - 2400, SL: 2404 🟢BUY GOLD: 2340 - 2338, SL: 2334 ( Scalp) 🟢BUY GOLD: 2358 - 2356, SL: 2334 ⛔️Breakout: top border 2387 - 2390 - 2403 - below 2370 - 2365 - 2355 🔼Support: 2365 -2355 - 2350 - 2340 - 2335 🔽Resistance: 2387 - 2395 - 2400 - 2410 - 2414 Wish everyone success
OANDA:XAUUSD
by Scalper_Ananda
XAUUSD - Prices decrease according to the trendGold fell to around $2,325 per ounce on Tuesday as investors await this week’s US economic reports for clarity on the Federal Reserve’s timeline for interest rate cuts. Key focal points include the core PCE index data, the Fed’s preferred inflation measure, alongside consumer spending and income, the third estimate for Q1 GDP growth, and the goods trade balance. Meanwhile, San Francisco Fed Bank President Mary Daly stated on Monday that she does not think the US central bank should lower rates until policymakers are confident that inflation is moving towards 2%. 🔴SELL GOLD: 2341 - 2343, SL: 246 🟢BUY GOLD: 2302- 2300, SL: 2296 ⛔️Breakout: top border 2334 - below 2323 - 2316 - 2312 🔼Support: 2316 - 2312- 2306 - 2300 🔽Resistance: 2337 - 2341 - 2345 - 2349 - 2354 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
24th June GOLD PREDICTIONGold has always been a valuable asset, serving as a safe haven in times of economic uncertainty. Investing in gold requires a strategic approach, especially in a market characterized by volatility. Here, we outline a detailed investment plan focusing on two distinct buy zones, each with its own parameters for entry and risk management. Buy Zone 1: $2312 - $2307 Entry Point The first buy zone is identified between $2312 and $2307. This range represents an attractive entry point based on current market analysis and historical support levels. Stop Loss To manage risk effectively, a stop loss should be placed just below the lower boundary of this zone, specifically below $2307. This precaution helps limit potential losses if the market moves unfavorably. Buy Zone 2: $2305 - $2297 Entry Point The second buy zone lies between $2305 and $2297. This zone is slightly lower than the first, providing another opportunity to invest if prices dip further. Stop Loss A stop loss for this zone should be placed just below $2297. This ensures that investments are protected in case the price continues to drop beyond this support level.
OANDA:XAUUSDLong
by TradingGuruTop
BUY GOLD 10 JUNE its showing a good upward momentum BUY GOLD 10 JUNE its showing a good upward momentum with strong double confermation it will go up first one technically showing a strong trendline faceing secondly its faceing a stong support volumes are also down its a good one for buy BUY GOLD 10 JUNE its showing a good upward momentum with strong double confermation it will go up first one technically showing a strong trendline faceing secondly its faceing a stong support volumes are also down its a good one for buy
OANDA:XAUUSDLong
by tradergyan01
Gold is bullish above 2360 2362 till 2385 2395Good Morning Traders, Till the time gold is moving above 2360 and 2362 we can se more above levels 2380 2385 and 2390 2395. If Gold will break 2360 and sustain below then only we can see 3450 2345 and 2340 Reson for gold bullishness is Israel’s war on Gaza updates:At least 40 people died in the strike on the United Nations-run school in Nuseirat, medical workers at the nearby Al-Aqsa Martyrs Hospital said. Our preference is sell from high and buy from dip Plan accordingly, Happy Trading 😊
FXOPEN:XAUUSDLong
by vikasvasusharma
6th June GOLD ANALYSISWhen analyzing the recent price movement of gold and its implications, it's important to consider several factors that could influence the market and trading strategies. Here’s a structured analysis based on your current observations: 1. Technical Analysis Breaking the Bearish Channel: Gold breaking out of a bearish channel signifies a potential shift in market sentiment from bearish to bullish. This breakout is a technical signal that often encourages traders to look for buying opportunities as the expectation for upward movement increases. Lack of Clear Resistance: The absence of identifiable resistance levels following the breakout suggests that gold might have a relatively unobstructed path higher in the short term. However, historical price levels, psychological price points (like round numbers), and Fibonacci extensions might serve as implicit resistance levels. 2. Entry Zone and Price Targets Buying Zone (2351 - 2356): This narrow zone appears to be selected based on recent price consolidations or retracements post-breakout. It's crucial to monitor price action within this zone for confirmation signals such as bullish candlestick patterns or rebounding from moving averages. Risk-Reward Ratio (1:2.5): This ratio implies that for every unit of risk (e.g., a dollar, a point), there is an expectation to make 2.5 times that in profit. This risk management strategy is aggressive and aims for higher returns but should be backed by strong conviction in the bullish scenario.
OANDA:XAUUSDLong
by TradingGuruTop
XAU- Gold price today: Gold fallsGold dropped to around $2,330 per ounce on Thursday due to increasing US Treasury yields and demand for the greenback following hawkish remarks from Fed officials. Fed Atlanta President Bostic expressed uncertainty about reaching 2% inflation and highlighted significant price gains. Gold moves towards 2350, passing through the lowest bottom of wave 3, but the candlesticks in H4 are leading to a situation where wave 5 is not completed and opens a double bottom pattern. It is easy to break out when the price surpasses the 2361 area SELL GOLD: 2373 - 2375 , SL: 2379 BUY GOLD: 2317 - 2315, SL: 2311 (scalping) Breakout & retest: - Breaking and closing on: 2354 - 2361 - 2374 - Break and close below: 2335 - 2328 - 2315 Support: 2328 - 2316 - 2307 - 2300 - 2290 Resistance: 2350 - 2365 - 2378 - 2384 GOOD LUCK EVERYONE
OANDA:XAUUSDShort
by Scalper_Ananda