xau/usd trade analysis long term h1 time frame above is the h1 time frame trade analysis of pair xau/usd
possible up front move from discounted area 2390 to 2393
long from 2390 to 2393
sl area 2370
target area 2450 and above
Goldlong
GOLD PREDICTION THIS WEEK 14/5- 18/5At the start of the week, gold prices saw a decline due to stronger U.S. Treasury yields and a rebound in the U.S. dollar. This led to a moderate pullback from its recent peaks, although the price of gold still remains relatively high historically, influenced by persistent economic and geopolitical uncertainties.
Analysts predict that gold prices may rise later in the year. Anticipated rate cuts by the Federal Reserve, as inflation decreases from its recent highs, could lower the real yield on U.S. Treasuries, enhancing the attractiveness of gold as an asset that does not yield interest. Additionally, factors like ongoing global conflicts and market fluctuations typically boost the demand for gold as a safe-haven asset.
GOLD ON 17TH MAY 2024Current Market Situation
Gold prices have been experiencing a bullish trend, recently approaching the resistance zone of 2397-2400. This movement is significant as it indicates a potential test of this critical resistance level.
Scenario 1: Immediate Upward Movement
In the first scenario, gold continues its upward trajectory and tests the 2397-2400 resistance zone. This scenario is plausible due to several factors:
Global Economic Uncertainty: Ongoing economic uncertainties, including inflation concerns, geopolitical tensions, and fluctuating interest rates, often drive investors towards safe-haven assets like gold.
Weakening Dollar: A weaker US dollar makes gold cheaper for investors holding other currencies, thus increasing demand and pushing prices higher.
Technical Indicators: Technical analysis may show bullish signals such as rising moving averages or positive momentum indicators, supporting the case for an immediate test of the resistance zone.
If gold successfully breaches the 2397-2400 resistance, it could signal a continuation of the bullish trend, potentially leading to new highs.
Scenario 2: Retracement to 2370 Before Rising
In the second scenario, gold experiences a retracement to 2370 before resuming its upward movement. This scenario can occur due to the following reasons:
Profit-Taking: After a significant rise, investors may take profits, causing a temporary pullback in prices.
Technical Resistance: The 2397-2400 zone may act as a strong resistance, leading to a short-term correction as the market digests recent gains.
Market Sentiment: Changes in market sentiment, such as positive economic data or policy shifts, could cause a brief decline in gold prices.
If gold finds support at 2370 and holds, it would likely attract buyers looking for an entry point, leading to a rebound and another attempt to test the 2397-2400 resistance zone.
Strategic Implications
For traders and investors, both scenarios offer potential opportunities:
Scenario 1: A break above 2397-2400 could be seen as a buying signal, with potential for further gains.
Scenario 2: A pullback to 2370 could be an opportunity to buy at a lower level, anticipating a rebound.
Risk management is crucial in both scenarios, with stop-loss orders and position sizing helping to mitigate potential losses.
Conclusion
Gold's price movement is influenced by a complex interplay of economic factors, technical indicators, and market sentiment. Monitoring these elements closely will be essential for making informed trading decisions. Whether gold continues to rise immediately or retraces to 2370 before moving up, both scenarios present potential trading opportunities in the current market environment.
PREDICTION OF GOLD IN THE WEEK AND NEXT WEEKGold price extended its uptrend for the second straight day on Wednesday and hit a three-week high of $2,390 after data revealed by the US Bureau of Labor Statistics showed inflation is ebbing, increasing the odds for a Federal Reserve rate cut in 2024.
GOLD CONTINUES TO INCREASETechnical analysis from TradingView highlights that gold recently touched $2,360 and even approached $2,380 before facing some resistance and correcting downwards. Despite this, the sentiment remains that a round bottom pattern may indicate potential growth in prices, with key levels being watched at around $2,365 and $2,379 (TradingView).
The ongoing developments and forecasts suggest that gold might continue to see bullish trends with key resistances and supports being tested. If you're actively trading or considering trading gold, watching these levels and the response to them could be crucial for understanding potential market movements this week.
xau/usd trade analysisif price brake through 2393 area and retest that zone one can open long position
long area 2372
tgt1 2397
tgt2 2406
sl area 2368
GOLD SHOWING A GOOD CLEARCUT UPMOVE In this chat you can see the trendline
The prise crossed the trendline lable
Its mean the prise breaked the trendline
And its also itts breaked the rectangle small zone
It will take time to break fully
But..
After full breakout a good fall momentum will shown in gold
So keep in your mind
This can break
Stay connected with gold
Watch in lower timeframe
After a good confermation
just enter
he gold showing a good up moveITS MY PERSONAL STRATEGY
The gold showing a good UPMOVEE
Having a good potential
There is nothing to doubt
It have a great surety of UP MOVE
Due to these reason
1.It have GOOD SUPPORT without any confusing chat
2. It have clear entry and Tp point
3. Sellers seems heavy due to volume
GOLDBEES | Investment OpportunityDisclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
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GOLD SHOWING A GOOD UPWARD MOMENTUM
It's showing a fall due to these reason
It's retracted the support after the breakout
2.its getting support from neckline plus support making it's more stronger due to double support
3. The trendline also giving a support
4. Overall meaning is it's getting support from three point mean it's a good situation for buying
A good move gonna show here
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
Gold XAUUSD forecast today is bullish above 2310Good Morning traders,
Gold is moving in range.
Above 2310 Gold buy zones are 2314 2316 with the targest of
2320 2330 and 2340
Below 2310 Gold sell zones are 2305 2300 and 2990
Trade accordingly, Happy Trading 😉😉
XAUUSD Long near Bullish OB XAUUSD Long near Bullish OB
XAUUSD near 1H TF Bullish OB zone
Long Target 2390 2392
GOLD can continue to SHINEGold is known as a hedge against Inflation and currency devaluation. It is following the Time Cycle very well as u can see in this chart. Accumulating gold at current levels and on dips a can be a good strategy to ride the trend towards 70000 levels as long as 62000(cycle low) is held on the downside.
Silver looking Charminglooking really bullish if it breaks out and sustain above 30 then we can see the targets shown in the chart and I can see it may touch all time high this time after 2011
Get Ready for Big Move in the Silver
Investment and Trading is Subject to market risk. take independent advice before investing or trading into it
XAU/USD Gold Technical Analysis - Gold has shown a very impulsive move from its point of release
- Gold can continue its impulsive move for long as well
- However, when a ball bounces hard gravity always pulls it back again, apply the same concept here when you think about getting in the middle of a Trend or at the Top
- Similarly wait for a pullback if you are looking for fresh longs.
- If you are already holding this continue to ride you winners
Gold upcoming move 2266 above bullishGood Morning Traders,
Till the time Gold is moving in Alien (un known)zone.
We cant predict gold retracement zone from where gold can return,
So we are using a old method Fibonacci Reverse Levels.
In which you can see in Chart we can expect gold levels from where we can
see the reversal or retracements and the levels are
2288, 2293 and 2300.
So we can see these levels soon, We are not recommended any
sell for now. marekt is totaly bullish as per all time frames
and Geo political situation.
We can see sell from high levels as given.
TATA GOLD ETF good position for LONGGold is now near all time high. And this will touch the sky in future.
Buy on dip for minimum 5-7 years .
Very good result after 10-15 years.
This is the right time to invest and make wealth in commodity.
Swing Trade ideas and Forex Ideas for 28 March Markets I make educational content videos for swing / positional trading
Gold Long side trade idea (Liq sweep or run??)Long side trade has two condition to consider
either SWEEP OR RUN on liquidity
1 run >>> price will fall back and mitigate the pending fair value area at 2020 lvl and then run towards 2050 and 2089 as all time high
2 sweep >>> either price trap the weak hands by making a up move and then fall back to fvg area and then go to meet the target of all time high
simple niether experienced nor noob just a open minded As we can see th egold is on all time high so I has to wait till gold break the lvl of 2163.837 after that i took the trade and you always look for teh 30 min closing i managed to take 60 pips 🤞❤️
new gold MomentumAs we can see gold on all time high so we should not rush it because if you see daily time frame of gold we can see that there is a chance for a good pull back so be wise remember its easy plase follw risk management only guys
Gold digger. Gold chart.Will gold breakout soon?
Th as to gif us to see. Triangle pattern, nearing breakout.
