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Xauusdlong

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.
OANDA:XAUUSDLong
by TradingGuruTop
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.
OANDA:XAUUSDLong
by TradingGuruTop
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.
OANDA:XAUUSDLong
by TradingGuruTop
1
20 MAY 2024 GOLD ANALYSISTechnical Analysis Support and Resistance Levels: Support Level at $2400: This level has proven to be a strong support as prices have rebounded after reaching this level. It indicates that there is significant buying interest at this price point. Resistance Levels: As gold moves up, the next resistance levels to watch would be around $2450 and $2500. These are psychological levels and previous highs where selling pressure might appear. Trend Analysis: Short-Term Trend: The short-term trend shows a bounce from the support level, indicating potential for a bullish phase. Medium to Long-Term Trend: If gold maintains its momentum above $2420 and breaks through the resistance at $2450, it could signal the beginning of a longer-term uptrend.
OANDA:XAUUSDLong
by TradingGuruTop
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
OANDA:XAUUSDLong
by tradergyan01
3
Unveiling the Golden Mystique: A Financial Analyst's PerspectiveIn the realm of finance, few assets possess the timeless allure and steadfast value that gold embodies. As a financial analyst delving into the intricate tapestry of investment landscapes, I find myself drawn to the enigmatic brilliance of this precious metal. Gold, often heralded as the ultimate store of wealth, stands as a symbol of stability amidst the tumultuous waves of economic uncertainty. Its scarcity, intrinsic value, and historical significance intertwine to form a narrative of resilience that transcends generations. Beyond its tangible allure, gold serves as a barometer for market sentiment and economic health. Fluctuations in its price reflect the ebb and flow of global confidence, offering valuable insights into the prevailing state of affairs. Yet, the allure of gold extends beyond mere investment appeal. It holds a cultural and symbolic significance, revered by civilizations throughout history. From ancient treasures to modern-day reserves, its lustrous presence permeates both financial markets and human consciousness. In the face of evolving financial landscapes and emerging investment opportunities, gold retains its luster as a cornerstone of diversified portfolios. Its role as a hedge against inflation and currency fluctuations remains unyielding, providing investors with a sense of security amidst volatile times. As I navigate the intricate nuances of financial markets, I am continually reminded of the timeless wisdom encapsulated within the golden embrace. Its allure is not merely confined to the glittering facade but resonates deeply with the essence of wealth preservation and enduring value. In conclusion, the enigmatic allure of gold transcends the realms of finance, offering insights into the intricate dance of economics and human behavior. As a financial analyst, I remain captivated by its mystique, recognizing it as a steadfast beacon amidst the ever-changing tides of the financial world.
OANDA:XAUUSD
by LiLy_Happy
GOLD IN BUYGOLD/USD March FINAL WEEK PLAN... In GOLD-USD Friday (22-03-2024) Market reaches our 2nd sell target of 2160... Which is buy correction zone(BUY FLIP ZONE)... EXTREM BUY ZONE IS still there 2152-2146 I am looking for buy because of below mentioned points: 1.Before reaching 2160 market forms buy liquidity(BUYING PATTERN) in FAIR GAP Area 2.In 30M Awesome Oscillator indicates upside distribution even market comes down... 3.In 15M-50% Buy confirmation we got... 4.In DAY TF i am expecting 2258-2300 is 1st Pull back zone(only my opinion not confirms yet) Here we got 3 entry zones with 3 different entry method... 1.Intraday Setup-- use 1% RISK of your capital in every entry we have 3 intraday setup (_a_).15M Gives only 50% confirmation for BUY REWARD---1:20 Ratio BUY limit @2160 SL 2156 TP 2185 TP 2206 TP 2211 (_b_).5M mid range entry(if confirms get we will updates here then entry this)BUY REWARD--1:22 Ratio BUY limit @2153 SL 2149.4 TP 2185 TP 2206 TP 2211 (_c_).30M Extreme entry zone previous BUY LIQUIDITY zone... Also PULL BACK AREA...In 2146 is trend line passing point... you can place order without confirmation... REWARD--1:24 Ratio BUY limit @2149 SL 2144 TP 2185 TP 2206 TP 2211 2.Mid Risk Setup-- use 4to5% RISK of your capital.... REWARD--1:8-1:10 Ratio USE 2 Layers 5 Orders Strategy BUY LIMIT @2153-2149 SL 2144 TP 2185 TP 2206 TP 2221 Once Market HIT 2149...SET 2153 as a Target BE(close @entry) 3.Swing setup-- Need higher capital.... REWARD--1:7-1:8-1:10 Ratio USE 3 Layers 5 Orders Strategy BUY LIMIT @2160-2153-2149 SL 2144 TP 2185 TP 2206 TP 2221 TP 2270 Once Market HIT 2149...SET 2160 as a Target BE(close @entry) IF MARKET TREND CHANGE... OVER ALL SELL STOP 2143..use x2 lot size which total lot size you use in above buy limit orders ( Targets & SL will updates later) or Don't use sell stop wait for next recovery update... All The Best... NOTES:EDUCATION PURPOSE ONLY
OANDA:XAUUSDLong
by SATHAYAM_ACADEMY
3
EURUSD 4H ANALYSISFOREXCOM:EURUSD 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