Get started

Xauusd(w)

XAUUSD BUY & SELL PROJECTION 27.02.24Buy Reason The allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gold. Sell Reason The reasons why gold prices may experience a fall in value include an excess of supply relative to demand and shifts in investor sentiment. A strong dollar and rising interest rates can also hurt the price of gold, as can low inflation.
FOREXCOM:XAUUSDShort
by kripsonfx97
XAUUSD 7/26/2024 Is there a pullback? Looking at H1, we see that the price breaking the 2382.5 zone has confirmed that the price is in the purple wave C - From the peak of 2433 to the bottom of 2353, we see a small 5-wave structure has been completed and now we see that the bullish recovery wave is continuing, we expect a corrective wave - The target of the rebound wave I measured at the price zone of 2402 and the price zone of 2411 - So this increase we expect is a rebound wave before the bearish wave continues to the target zone of the purple wave C - The target of the purple wave C we measured at the zone of 2334 and the zone of 2307 Trading plan BUY ZONE: 2366 - 2363 SL: 2356 TP1: 2382 TP2: 2394 TP3: 2402 SELL ZONE: 2310 - 2312 SL: 2320 TP1: 2400 TP2: 2390 TP3: 2382
OANDA:XAUUSDLong
by DEEKOP
Gold price rebounds from 50-SMA ahead of Fed inflationGold consolidates weekly loss while posting a corrective bounce from the lowest level in 13 days as traders await the US Core PCE Price Index for June, also known as the Fed’s favorite inflation gauge. In doing so, the precious metal takes a U-turn from the 50-SMA but stays on the way to posting a second consecutive weekly loss after refreshing the all-time high during mid-July. Despite the latest rebound in prices, the commodity’s sustained trading below a month-old rising support line, now resistance near $2,428, joins the bearish MACD signals and steady RSI (14) line to keep the sellers hopeful. However, a clear downside break of the 50-SMA level of $2,359 becomes necessary to recall the bullion sellers. Following that, the 100-SMA level of $2,324 and an upward-sloping support line from early May, near the $2,300 threshold, appear as some of the last defenses of the buyers. It’s worth observing that lows marked in May and June around $2,285 and $2,277 will act as additional downside filters for the metal traders to watch during its declines past $2,300. Meanwhile, the 21-SMA level of $2,388 and the $2,400 threshold guard the immediate upside of the Gold price ahead of the support-turned-resistance line surrounding $2,428. Following that, May’s high of $2,450 and the latest peak surrounding $2,484 could entertain the XAUUSD bulls. However, an upward-sloping trend line resistance from early April, near $2,490 as we write, quickly followed by the $2,500 round figure, appear tough nuts to crack for the bullion buyers. To sum up, Gold is likely to remain pressured within a trading range established since April. However, the trend line breakdown can join upbeat Fed inflation to please short-term sellers.
OANDA:XAUUSD
by MTradingGlobal
XAUUSD July 24, 2024 Where will the rally go? As in the previous day's forecast, after the 5-wave trend is the ABC correction wave - Looking at H1 we can label wave a and wave b as shown on the chart. Currently, we expect wave C to complete so we can enter orders - Wave C target we measure 2 targets: price range 2420 and price range 2433. - After completing the next abc correction, it will be a 5-wave pattern following the previous downtrend Trading plan SELL ZONE: 2431 - 2435 SL: 2440 TP1: 2411 TP2: 2394 TP3: 2382 BUY ZONE: 2476 - 2471 SL: 2466 TP1: 2382 TP2: 2394
OANDA:XAUUSDLong
by DEEKOP
Gold increases sharply: Investors look for a safe place The US dollar rallied early Wednesday as risk-off sentiment dominated the market. Asian shares came under pressure after disappointing tech earnings reports from major companies such as Alphabet and Tesla. Alphabet achieved good revenue and profits but needed time to see results from its investment in artificial intelligence, while Tesla dropped 7% due to profits not meeting expectations and postponing the Robotaxi event. Fears of a Chinese economic slowdown also supported safe-haven demand for the greenback. On Tuesday, the US dollar rebounded significantly on market jitters ahead of important earnings reports from US companies and a sharp rise in Treasury yields. Investors take profits on USD short positions ahead of Wednesday's preliminary Global Manufacturing and Services PMI data. Weak PMI data could spark recession fears, creating fresh demand for the US dollar. Gold prices could benefit from this scenario if concerns about the US economy reinforce dovish Fed expectations. The market is currently pricing the possibility of the Fed cutting interest rates in September at a 97% probability. All eyes are on the US Q2 GDP report on Thursday and June PCE inflation data on Friday to monitor gold price movements. Note price range: Sell zones: 2424 - 2426 Stop loss: 2430 Take profit 1: 2414 Take profit 2: 2400 Sell ​​zones: 2440 - 2442 Stop loss: 2446 Take profit 1: 2430 Take profit 2: 2420
OANDA:XAUUSDLong
by mswhitetrader
Gold hesitates amid opposing market signals Gold prices (XAU/USD) struggled to gain during the Asian trading session Tuesday, although still above the lowest level of the past week. Joe Biden's withdrawal from the 2024 election has increased Donald Trump's chances, suggesting a looser regulatory environment. At the same time, the People's Bank of China (PBoC) unexpectedly cut interest rates on Monday, which supported upbeat market sentiment and created a drag on gold, a safe-haven precious metal. . Dovish Fed expectations also played an important role in limiting losses for gold. The market currently believes that the Fed will begin lowering interest rates in September and could cut twice more by the end of the year. These predictions have led to a decline in US bond yields, putting pressure on the dollar and thereby supporting the price of gold, a non-yielding asset. Against this backdrop, investors should cautiously wait for further sell-offs before positioning for an extended pullback from recent record highs. Uncertainty about monetary policy and global economic factors continue to strongly influence gold prices, and investment decisions should be based on careful analysis of the current situation. Interesting price areas: Buy zone: 2367 - 2365 Stop loss: 2361 Take profit 1: 2375 Take profit 2: 2385 Sell zone: 2418 - 2420 Stop loss: 2424 Take profit 1: 2410 Take profit 2: 2400
OANDA:XAUUSDShort
by mswhitetrader
XAUUSD July 23, 2024 Where will the rising wave go? Looking at the H1 chart, we have a completed 5-wave bearish pattern - The target of wave 5 has been achieved near the price range of 2382 that I predicted yesterday - After completing the next wave 5, there will be 2 cases, the first case is that the price continues the 5-wave impulse wave pattern. The second case is the abc bullish correction pattern. - Regardless of the pattern, we now expect a price increase at least according to the abc correction pattern - The target of ending the correction wave will be specifically determined when the wave has completed at least 2 waves a and b. Based on current price data, I estimate the target of the correction wave is the price range 2433. - If this rally gets past 2453 then we will be leaning towards a trend rally to 2500 then I will update everyone. Trading plan BUY: 2491 - 2488 SL 2483 TP1: 2420 TP2: 2433 SELL ZONE: 2433 - 2436 SL: 2431 TP1: 2411 TP2: 2494
OANDA:XAUUSDLong
by DEEKOP
The gold market is full of risks, investors should be careful Gold prices (XAU/USD) extended their losing streak for a third trading day, falling to nearly $2,410 during the European session on Friday. The precious metal is under profit-taking pressure after hitting a record high above $2,480 on Tuesday. The strong recovery of the USD and bond yields pulled gold prices lower. Expectations for Donald Trump to return as President of the United States have increased following his assassination. The prospect that President Joe Biden could abandon his re-election bid due to his health also boosted Trump's chances of winning. Trump, with his protectionist trade policies, has increased the attractiveness of the USD, contributing to downward pressure on gold prices. Political uncertainty and geopolitical tensions, along with demand for gold from central banks, could limit the decline in gold prices. Investors see any further price decline as a buying opportunity, based on expectations that prices will rebound once current negative factors are resolved. Price range to note: Buy zone: 2399 - 2401 Stop loss: 2395 Take profit 1: 2410 Take profit 2: 2420 Buy zone: 2391 - 2389 Stop loss: 2385 Take profit 1: 2390 Take profit 2: 2400
OANDA:XAUUSDShort
by mswhitetrader
What factors are holding back the increase in gold prices? Gold prices (XAU/USD) attracted buyers in early trading on Monday, ending a three-day decline from last week's record high. Dovish expectations from the Federal Reserve (Fed) and President Joe Biden's withdrawal from the presidential race have caused some investors to cancel bets on a Trump victory. This reduces the strength of the US dollar and supports gold prices. In addition, concerns about slowing economic growth in China, geopolitical risks from the prolonged Russia-Ukraine war and conflict in the Middle East also contributed to raising gold prices. These factors continue to drive demand for gold as a safe-haven asset. However, XAU/USD is yet to see a strong buying move as traders await US Personal Consumption Price Index (PCE) data on Friday. This data will provide clues about Fed policy, which will determine the near-term trajectory for gold prices. Note price range: Buy zone: 2392 - 2390 Stop loss: 2386 Take profit 1: 2400 Take profit 2: 2410 Buy zone: 2430- 2432 Stop loss: 2436 Take profit 1: 2420 Take profit 2: 2410
OANDA:XAUUSDShort
by mswhitetrader
XAUUSD July 22, 2024 Is the decline over? The information that President Biden withdrew from running due to his health further confirmed Trump's high chance of winning the election. This information immediately caused XAU to gap up on Monday morning Looking at H1 we see a sharp sharp decline, this is the ongoing wave 3. - At the price range of 2394, we have a strong rebound. From this rebound we expect that wave 3 has ended and this rebound is wave 4. - The target of wave 4 I measured at the price range 2420 or price range 2428 - After completing wave 4, the price continues to decrease to complete the 5-wave pattern - With the current price data, I can temporarily measure the expected target of wave 5, the last down wave of this downtrend, at the price range of 2382 or the price range of 2366. - After the end of this price reduction, we expect a strong recovery and I will update the specifics of this recovery after the price completes this 5-wave decline. - Our trading strategy is to observe price reactions at support and resistance zones to enter orders
OANDA:XAUUSDShort
by DEEKOP
Gold extends pullback from all-time high towards sub-$2,400 zoneGold price remains pressured for the third consecutive day while extending the mid-week pullback from an all-time high. In doing so, the spot gold price (XAUUSD) retreats from a three-month-old ascending resistance line backed by the RSI’s U-turn from overbought territory. Apart from that, the US Dollar’s corrective bounce and receding bullish bias of the MACD signals also underpin odds favoring the bullion’s further profit booking. The same highlights a convergence of the 20-day Exponential Moving Average (EMA) and a three-week-long rising trend line, close to $2,395. It’s worth mentioning that the $2,400 threshold acts as immediate support while multiple peaks and troughs can challenge the sellers near $2,360 and $2,330-35. Above all, the precious metal bears remain off the table unless witnessing a daily closing beneath an ascending support line from early April, close to $2,300 by the press time. Also acting as the downside filter is the 100-EMA level of $2,296, a break of which will welcome bears with open arms. On the contrary, Gold buyers seek a clear upside break of the three-month-old horizontal support-turned-resistance surrounding $2,431-34 to retake control. Following that, the precious metal’s run-up toward May’s peak of $2,450 and then to the recent swing high near $2,484 can’t be ruled out. However, the RSI conditions and the aforementioned multi-day-old resistance line, at $2,486 as we write, might challenge the XAUUSD bulls past $2,484. Following that, the bullion will be able to pierce the $2,500 round figure. To sum up, further decline in the Gold price appears certain but the bullish trend is less likely to reverse.
OANDA:XAUUSD
by MTradingGlobal
XAUUSD on July 18, 2024 continues to wait for the target zone? Continue with the previous day's plan - Looking at H1, we have black wave 5 which is an expanding wave. - In the black wave 5, there is a yellow 5-wave structure and now we have a yellow 4 wave that may have completed. - From the measured targets for the end of wave 5 of the plans in recent days, we will have the first target at the round number area of ​​2500 - Currently we wait for the price to reach the target area of ​​2500 to find conditions to SELL
OANDA:XAUUSDShort
by DEEKOP