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Xauusd(w)

XAUUSD Analysis Today (August 20, 2024)Hello everyone, After a period of consolidation within an ascending triangle, gold has broken out and is now approaching the psychological level of $2,520. This is supported by the rising trend line and the bullish crossovers of EMA34 and EMA89, confirming the current bullish momentum. Based on the technical analysis, the uptrend of XAUUSD is likely to continue in the near term. The next target could be the strong resistance zone at $2,530. However, if there is a correction, the support zone at $2,505 will be the key price level to watch.
OANDA:XAUUSDLong
by Shivam_Signals
2
Trading Strategy (XAUUSD) European Session 08/20/2024Resistance Levels: 2509 - 2519 - 2533 Support Levels: 2495 - 2488 - 2475 - 2470 You Can Refer To My Trading Recommendation Below To Help You Make Profit In The Asian Session Recommended for daily trading around the price range: CANH SELL XAUUSD AROUND 2505-2507 Stoploss: 2512 Take Profit 1: 2503 Take Profit 2: 2500 Take Profit 3: 2497 CANH BUY XAUUSD AROUND 24987-2495 Stoploss: 2490 Take Profit 1: 2501 Take Profit 2: 2504 Take Profit 3: 2508 Note: Always set TP and SL during the transaction to achieve the highest performance
OANDA:XAUUSDLong
by DuyVinh_Trading
Asian Session Trading Strategy August 20, 2024Resistance Levels: 2509 - 2519 - 2533 Support Levels: 2495 - 2488 - 2475 - 2470 You Can Refer To My Trading Recommendation Below To Help You Make Profit In The Asian Session Recommended for daily trading around the price range: CANH SELL XAUUSD AROUND 2509-2511 Stoploss: 2514 Take Profit 1: 2505 Take Profit 2: 2502 Take Profit 3: 2497 CANH BUY XAUUSD AROUND 2493 -2495 Stoploss: 2489 Take Profit 1: 2499 Take Profit 2: 2503 Take Profit 3: 2507 Note: Always set TP and SL during the transaction to achieve the highest performance
OANDA:XAUUSDLong
by DuyVinh_Trading
EURJPY LONG - 15MFOREXCOM:EURJPY Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Long
by Phinics
XAUUSD 19/8/2024 price has created ATH? Last weekend we had a strong increase on Friday that broke the old peak to create a new ATH. This increase has caused the RSI indicator to enter the overbought zone. In my experience, when the price moves quickly and sharply while looking at the RSI entering the oversold zone, this is a sign of wave 3. - Currently we see the price falling to the 2500 zone, so we expect an ABC downtrend structure of wave 4. - I measured the wave 4 target at the 2485 - 2483 zone, after reaching the wave 4 target, we expect a wave 5 increase to complete the 5-wave uptrend structure. - I measured the wave 5 target at 2517 - 2520 and 2531- 2534 zones, these are the 2 target zones I expect to SELL down. Trading Plan BUY ZONE: 2467 - 2463 SL: 2457 TP1: 2493 TP2: 2500 TP3: 2517 BUY ZONE: 2485 - 2482 SL: 2475 TP1: 2500 TP2: 2509 TP3: 2517 SELL ZONE: 2517 2520 SL: 2527 TP1: 2506 TP2: 2500 TP3: 2484 SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2500 TP3: 2484
OANDA:XAUUSDShort
by DEEKOP
Gold Analysis August 16Fundamental Analysis The US economic data was stronger than expected and the market is anticipating that these data could affect the extent of the Federal Reserve's interest rate cut. The US dollar and US bond yields rose, making it difficult for gold prices to rise. The latest data released by the US showed that the core consumer price index (CPI) in July, which is a price index excluding food and energy costs, fell to its lowest level since early 2021 compared to the same period last year. This shows that inflationary pressures have eased, supporting the Federal Reserve to cut interest rates next month. In particular, a report from the US Department of Labor showed that the number of new Americans filing for unemployment benefits last week fell to a one-month low. As a non-interest-bearing asset, gold prices tend to rise when interest rates fall. As inflation slows, expectations of a Federal Reserve rate cut will increase, further boosting the appeal of gold. Additionally, gold purchases by central banks around the world have also become a reliable support for gold prices. Apart from monetary policy, geopolitical uncertainty has also been a major factor driving demand for gold. Tensions in the Middle East and the conflict between Russia and Ukraine have increased the appeal of gold as a safe-haven asset. Technical Analysis From a technical perspective, the overnight failure near the $2,470 resistance level makes it prudent to wait for some follow-through buying before positioning for any further gains. With the daily chart oscillations holding in positive territory, Gold could then aim to break above the all-time highs around the $2,483-$2,484 zone hit in July and conquer the psychological $2,500 mark. A sustained strength above the latter would confirm a breakout above a month-old trading range and could be viewed as a fresh trigger for bullish traders, setting the stage for a further near-term upside move. On the downside, the $2,447-2,445 horizontal zone now looks to protect the immediate downside ahead of the $2,430-2,429 zone and the weekly low, around $2,424. Some follow-through selling could leave Gold vulnerable to further weakness below $2,400. Resistance: 2475 - 2488 - 2500 -2509 Support: 2438 - 2333 - 2426 - 2421 Price ranges to note: SELL zone 2473 - 2475 stoploss 2479 SELL zone 2498 - 2500 stoploss 2504 BUY zone 2438 - 2436 stoploss 2432 BUY zone 2426 - 2324 stoploss 2420
OANDA:XAUUSD
by TVS-Trader
XAUUSD 15M SELL PROJECTION 16.08.24XAU/USD, commonly known as the gold-to-dollar currency pair, holds the distinction of being one of the most traded Forex pairs for several compelling reasons. Firstly, gold has historically been a store of value and a hedge against inflation, economic uncertainty, and currency fluctuations. As a result, traders and investors often turn to gold during times of market turbulence or when seeking a safe haven for their capital. The pairing of gold with the U.S. dollar is particularly significant due to the global dominance of the U.S. dollar as the world's primary reserve currency. The USD serves as a benchmark for many commodities, and the XAU/USD pair reflects the dynamics between the safe-haven appeal of gold and the strength or weakness of the U.S. dollar. Moreover, the gold market is highly liquid, with a deep and active trading environment. This liquidity makes it easier for traders to enter and exit positions with minimal slippage. Additionally, the 24-hour nature of the Forex market allows participants from different time zones to engage in XAU/USD trading, contributing to its popularity. In summary, the XAU/USD pair is favored in the Forex market due to gold's historical role as a safe haven, the prominence of the U.S. dollar, and the liquidity and accessibility of the gold market for traders worldwide.
OANDA:XAUUSDShort
by kripsonfx97
XAUUSD 16/8/2024 Has the Uptrend Started?XAUUSD 16/8/2024 Has the Uptrend Started? Yesterday after the PPI news, we saw a strong shakeout and the price came close to the 2nd BUY target zone that I had given and then bounced strongly. But I did not expect such a strong downtrend, so the price zone of 2445 - 2442 did not set a BUY order. Today I expect a correction wave to the 2447 - 2444 zone to complete wave 2 in red and then continue the uptrend according to wave 3. During the price increase according to wave 3, we pay attention to large supply zones such as the 2476 zone, the 2484 zone and the 2500 zone, these are the zones I choose as targets to SELL down Trading plan BUY ZONE: 2447 - 2444 SL: 2437 TP1: 2458 TP2: 2468 TP3: 2476 SELL ZONE: 2484 - 2487 SL: 2494 TP1: 2476 TP2: 2468 TP3: 2458 SELL ZONE: 2497 - 2500 SL: 2507 TP1: 2484 TP2: 2476 TP3: 2468
OANDA:XAUUSDLong
by DEEKOP
Gold buyers stay optimistic around mid-$2,400s within triangleGold has ended a two-day drop by bouncing off its 9-day Exponential Moving Average (EMA) within a symmetrical triangle pattern that's been forming for seven weeks. This bounce supports the idea that the Fed might cut rates, together with the positive MACD signals and the trend-favorable RSI line. The key levels to watch are the triangle's range of $2,475 to $2,393 and the 50-day EMA support at $2,391. If gold moves past $2,475, it could test an upward resistance line from early April, reaching around $2,498. After that, $2,500 will be an additional hurdle for the metal before potentially rising to $2,522 and $2,562, which are based on 50% and 61.8% Fibonacci Extensions of gold's moves from March to July. If gold falls below $2,391, it might drop to the late July low of about $2,353 and then to $2,350. There's also a strong support region between $2,293 and $2,285 from late April to June, which if broken, could push gold towards $2,200. Overall, gold is performing well due to positive technical indicators and concerns about possible US Fed rate cuts, supported by recent US inflation data.
OANDA:XAUUSD
by MTradingGlobal
XAUUSD 15/8/2024 Has the uptrend started? Yesterday's CPI news showed a sharp increase in price when it was announced and then a sharp decrease. This is a move to shake off the sellers so that the price can complete wave C. - The sharp decrease in wave C is still, in my opinion, the final shakeout before the price starts to increase to complete wave 5 I predict that this week the price will likely create a new ATH followed by a further correction. - The wave 4 target I set yesterday has been completed at the price range of 2442 to 2445. With a Buy order at this price range, we have a profit of 100 pips. You can close a part of it and raise the SL to Entry. I have a backup target at 2430 - 2427 we will look at this target if price breaks out 2439 - I see a big supply zone at 2468 - 2471 so I will set a Sell scalp target at this zone - Our main Sell target is the end of wave 5 now I am targeting the first wave 5 target which is 2500. Trading Plan BUY ZONE: 2430 -2427 SL: 2420 TP1: 2439 TP2: 2458 TP3: 2476 SELL ZONE: 2468 - 2471 SL: 2478 TP1: 2458 TP2: 2452 TP3: 2444 SELL ZONE: 2497 - 2500 SL: 2597 TP1: 2484 TP2: 2476 TP3: 2458
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 1H SELL PROJECTION 15.08.24From a technical perspective, the daily chart for XAU/USD suggests the bearish potential remains limited. The pair found an intraday bottom at around the 23.6% Fibonacci retracement of the June/July rally at $2,438.80, now holding above the level. At the same time, technical indicators have lost their upward strength but remain within positive levels. Only the Relative Strength Index (RSI) turned south but stays far from confirming another leg south. Finally, XAU/USD keeps developing above all its moving averages, with the 20 Simple Moving Average (SMA) now flat at around $2,417.50. Technical readings in the 4-hour chart, however, show the slide may continue, particularly if XAU/USD slides below the aforementioned Fibonacci support. Technical indicators retreated sharply from near overbought readings and are currently hovering around their midlines, partially losing the bearish momentum but still heading south. At the same time, XAU/USD broke below its 20 SMA, which stands at around $2,455.00. The 100 and 200 SMAs remain below the current level, somehow suggesting a steeper decline is not yet on the cards. Support levels: 2,438.80 2,4260.90 2,438.80 Resistance levels: 2,458.70 2,471.10 2,483.70
OANDA:XAUUSDShort
by kripsonfx97
XAUUSD 13/8/2024 Has the Downtrend Started? Yesterday was an unusual bullish day, although we had profit with sell orders, the price increased to the 2476 area, which gave us an extended yellow wave 5, which also means that the black wave 3 has been completed - Currently the price is in the 4th wave correction, we expect a yellow ABC correction and this is an opportunity for us to trade in the direction of wave 5. - Trading plan BUY ZONE: 2442 - 2439 SL: 2432 TP1: 2450 TP2: 2458 TP3: 2469 BUYZONE: 2435 - 2432 SL: 2425 TP1: 2440 TP2: 2450 TP3: 2458 SELL ZONE: 2470 - 2473 SL: 2480 TP1: 2458 TP2: 2450 TP3: 2442 SELL ZONE: 2492 - 2495 SL: 2502 TP1: 2476 TP2: 2469 TP3: 2458
OANDA:XAUUSDLong
by DEEKOP