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#XAUUSD/H1 Weekend trading trends. Opportunities and risks ?Forecast for 8/23/2024: Gold is expected to continue its correction, with a high likelihood of further adjustment. Frame D has shown a reversal, presenting an opportunity for short selling and preparing for a strong rise after the completion of gold's momentum. The trading trend for today is SELL. Key price levels to watch: SELL zones: 2497 - 2500 and 2508 - 2511. BUY zones: 2473 - 2476 and 2450 - 2454. Recommended orders: Plan 1: SELL XAUUSD zone 2497 - 2499 SL 2503 TP 2494 - 2485 - 2475 - 2450. Plan 2: SELL XAUUSD zone 2509 - 2511 SL 2515 TP 2500 - 2490 - 2480 - 2450. Plan 3: BUY XAUUSD zone 2473 - 2475 SL 2469 TP 2480 - 2490 - 2495.
OANDA:XAUUSDShort
by oakpotshy
GOLD - Looking Bullish! - Here's WhyMONTHLY TF: WEEKLY TF: DAILY TF: Overview & Observation: 1. Higher time frame gold is in a bullish trend. 2. Prices failed to form lower low showing strength in buying, confirmation still pending. 3. Channel breakout will be expected to get the confirmation on the long side. 4. Currently trading in a demand zone. Untill that is broken bullish view will be intact. Trade Plan: 1. Long position can be made only after confirmation that is still pending. 2. Above 2348 levels price should sustain for longs. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
TVC:GOLDLong
by SuperNova396
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