Get started

Goldlong

Gold Price Looks for UPTREND * Gold Price Movement: Gold prices are uncertain and fluctuating. * Upcoming Data Release: The market is waiting for the US core PCE price index data for November. * Fed Bostic's View: Atlanta Fed President Bostic sees no urgency for interest-rate cuts, emphasizing the strength of the US economy. * Fed Barkin's Approach: Fed's Barkin is data-dependent for rate cuts in 2024. * Current Gold Price: Gold is trading around $2,040. * Inflation and Interest Rates: Inflation is expected to soften with higher interest rates by the Fed. * Investor Optimism: Investors are optimistic about future rate cuts in 2024, despite warnings from the Fed about maintaining restrictive interest rates. * Divergence in Projections: Bostic's view contrasts with the median projection of three rate cuts, creating uncertainty in the market.
OANDA:XAUUSD
by tradewith_ritik
Gold Outlook 2024:Analyzing Bullish Trends, Key Resistance LevelBullish Bias: Weekly chart indicates a bullish bias for Gold. Relative Strength Index (RSI) comfortably above 50. RSI-based 20-period Moving Average provides additional support. XAU/USD remains within the upper half of a long-term ascending regression channel. Key Levels: Interim resistance at $2,060 with 61.8% Fibonacci trend-based extension. Confirmation of support at this level could lead to a test of $2,125-$2,150. Potential profit-taking in this range may temporarily impede the uptrend. Further bullish targets at $2,200 and $2,440 based on Fibonacci extensions. Sustaining above $2,200 is crucial for continued buyer interest. Downside Support: Strong support at $1,960-$1,950, including the 20-week SMA, 50-week SMA, and mid-point of the ascending regression channel. Failure at this support could lead to a decline to $1,880 (100-week SMA) and $1,850 (200-week SMA). Weekly close below $1,850 may attract additional sellers, opening the door for a move toward $1,800 (lower limit of the ascending regression channel). Summary: Gold is bullish with potential resistance at $2,060 and further targets at $2,125-$2,150, $2,200, and $2,440. Strong support is seen at $1,960-$1,950, and a failure could trigger a decline towards $1,880 and $1,850, with $1,800 as a lower limit. Investors should monitor key levels for potential trend continuation or reversal, and the sustainability of support and resistance levels is crucial for determining the next directional move in the Gold market.
OANDA:XAUUSDLong
by tradewith_ritik
GOLD PRICE TECHNICAL ANALYSIS ( DAILY CHART )Fiday’s pullback in Gold price from near 8-day highs of $2,048, the path of least resistance still remains to the upside. The daily technical setup for Gold price will continue to favor bullish traders so long as the 14-day Relative Strength Index (RSI) indicator holds above the midline and the price manages to defend the 21-day Simple Moving Average (SMA) at $2,016. A daily closing below the latter could fuel a fresh decline toward the 50-day SMA at $1,982. However, the $2,000 threshold could be a tough nut to crack for Gold sellers. On the flip side, acceptance above the $2,040-$2,050 region is critical to resuming the Gold price recovery toward the $2,100 psychological level. The next bullish target is envisioned at the all-time highs of $2,144. REGARDS TRADE WITH RITIK
OANDA:XAUUSDLong
by tradewith_ritik
Gold Price surges to the all-time high above $2,130 on weaker USGold prices (XAU/USD) climbs to an all-time high above the $2,100 psychological round mark during the early Asian session on Monday. The speculation that the Federal Reserve (Fed) has reached its peak of the rate hike cycle boosts yellow metal demand. Gold price attracts some buyers above the $2,100 mark and has reached the record high of $2,148. At the time of writing, gold price (XAU/USD) is trading around $2,135, up 2.90% on the day.
OANDA:XAUUSDLong
by tradewith_ritik
GOLD | InvestmentBuying some quantity of goldbees Disclaimer: This analysis is solely for educational purposes and does not make me 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. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
MCX:GOLD1!Long
by Munish_Jain
XAUUSD ( GOLD ) PRICE PREDICTION ( 6 month high ) XAUUSD price trade at highest level in 6 month near $2052 wednesday. As per the RSI ( Relative Strength Index ), it show oversold zone on a 1 Day chart ( TF ). Resistance level of xauusd is $2052 ( highest point of 6 month high ), there is a higher chance of pullback in gold price. Support is seen in middle of the september high of $2022 which was the important resistance level in 1 day TF. If we talking about 50 & 200 simple moving average, it shows golden crossover it means 50 sma is cross the 200 sma from below. The golden crossover formation should keep downside cushioned for Gold price. On upside trend, If it is break the 6 month high $2052 then next level will be $ 2070 as a resistance level. The all-time high of $2079 will be next on gold buyers.
OANDA:XAUUSDLong
by tradewith_ritik
GOLD AT 60,000 , WHATS NEXT ??Short Recap - Gold had good rally from 6th oct , to the upside from 56500 to 61250 Currently - price is hovering around the higher time frame bearish order block which is resulting a resistance phase to gold price from (61500 to 60500 zone) there is been a internal CHOC (trend change) from bullish to bearish although the bearish continous will be confirmed if price breakdown and close below 60200 - 60,000 What to do - after the break and close of 60,000 short trade can enter with quick targets as this could be pullback on major time frame where as those willing to go long will need to wait for specific levels consider 58250-58000 zone as a value buying zone this can be tracked based on price shifting the stucture from lower low and lower high towards higher high to higher low as Long Indication
MCX:GOLD1!
by Jimmy_Rebello
XAUUSD : XAUUSD trading strategy today Currently, gold is still fully above the H4 framework price increase channel. Unless gold breaks out of the upward price channel, the trend for gold will still be up. Conversely, if gold breaks out of an upward price channel, the trend will be bearish. On the daily chart, the histogram is still rising and no such deviation is seen on the daily chart. Even though the stochastic has been in overbought territory for a long time and the RSI is in overbought territory, gold is still likely to move higher. There are signs that gold is not going down. On the H4 chart, the histogram starts to get shorter. Stochastic has moved out of overbought territory. Gold is very likely to have a correction rhythm in the coming days and then accumulate and move higher. There is some news today, but it doesn't have much of an impact on gold, gold could fall to the 1991-1986 range, buy in that range and limit your losses from 1985-1984. can. Currently, gold is moving sideways around his 2004 to his 1989 . We can still surf.
OANDA:XAUUSD
by TheForexFamily
Gold Trade Idea Gold Update - Since my last post Gold did follow my plan and led to a significant move to the upside. - Remember we don't trade any patterns my conviction was based on merging Fundamentals along with technical analysis. - The Global Scenario for gold looks bullish and commodities overall will remain bullish in a market where we have chances of the war getting escalated. - DXY too will be important to be observed before trading Commodities because DXY has stayed calm since 3 weeks. - Trading aggressively this week will only result in leaked gains and losses. - The mentioned Red Zone will be an important area to catch a gold short ONLY if you see a good rejection or else let it hover around. (2100-2150 is a strong supply zone).
FX:XAUUSDShort
by VKtradesimbalance
📊 Forex Currency Technical Analysis - XAUUSD 📈📉Currency Pair: XAUUSD ( GOLD ) Time Frame: 1 DAILY TF Analysis Summary: 📝 As per the 1-day timeframe (1D) for Gold spot, it indicates an uptrend. The Relative Strength Index (RSI) stands at 62.63, supporting the notion of an uptrend. The day's trading range for XAU/USD is between 1964.41 and 1981.64. The moving average suggests a strong buy signal. However, it's worth noting that some technical indicators are in contrast to the moving average, indicating a potential strong sell signal. Key Technical Indicators: 📈📉 Moving Averages: MA5 : 1969 (S) | 1963 (E) MA10 : 1936 (S) | 1938 (E) MA20 : 1889 (S) | 1919 (E) MA50 : 1922 (S) | 1912 (E) MA100 : 1922 (S) | 1918 (E) Relative Strength Index (RSI): RSI value is 68.223 and it is in BUY zone Support and Resistance Levels: 1964.96 & 1978.40 Chart Patterns: THREE INSIDE DOWN : Bearish Reversal ( Indication ), High ( Reliabilty),This pattern is a more reliable addition to the standard Harami pattern. A bearish Harami pattern occurs in the first two candles. The third candle is a black one with a lower close than the second. The third candlestick is confirmation of the bearish trend reversal (Description). THREE INSIDE UP : Bearish reversal ( Indication ), MEDIUM ( Reliabilty ), During an uptrend, the market builds strength on a long white candlestick and gaps up on the second candlestick. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows erosion of confidence in the current trend. Confirmation of a trend reversal would be a lower open on the next candle ( Description ). Price Analysis: 📈📉 The current market price of XAU/USD is $1,975, and it is indicating an uptrend. This upward movement is supported by technical indicators such as the RSI, moving averages (MA), and ATR (Average True Range), all of which are showing positive trends. Trade Recommendations: 📊📈 Consider taking a long position if the price breaks above the resistance level of 1978, with confirmation from the RSI. Educational Purpose This information is for educational purposes only, and you should conduct your research and consider seeking advice from financial professionals when making real investment decisions.
OANDA:XAUUSDLong
by tradewith_ritik