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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
XAUUSD week 3 May 2024 Is the uptrend over?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week, we saw that the US economy also sent remarkable messages. For the first time, the number of applications for unemployment benefits decreased despite the softening of the labor market, this shows that the American people are gradually adapting to the current controlled economy, plus the CPI released last week has increased beyond expectations, this will create motivation for the Fed to continue maintaining high interest rates in the near future Although the US economic situation will still keep high interest rates to restrain inflation, this will create strength for the USD, but the current geopolitical fluctuations in the world will still create conditions for gold prices to increase and volatility to occur. The gold became a safe place for him to hide Looking at the 1D chart, we rely on the Elliot wave principle to analyze price movements - Last week we saw a strong price increase and currently the price is clinging to the peak of 2433. - At this point, it is still early to conclude whether correction wave 4 has completed or not. - We have the price level that confirms the completion of wave 4 and the start of wave 5 at 2433. - If next week the price breaks out through 2433 then we have confirmation that wave 4 has completed and the price is in rising wave 5 then we will measure 2 expected price targets for the end of wave 5 which is the 2500 area. and area 2550 - If the price cannot break the 2433 zone and turns down, then the price is still in correction wave 4 and at a smaller wave level, the price will complete wave b and will continue to complete wave c as shown on the chart. - Then wave b is confirmed when the price breaks out through the 2280 area, then we will have the target to end wave c measured at the price range 2455 and 2211 Above is Deekop's plan for next week and the daily plan will be updated by Deekop every day Scalping strategies are applied when the upper resistance - support area provides an entry signal. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
OANDA:XAUUSD
by DEEKOP
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
🔥Gold Analysis Strategy for April 9The current fluctuations in gold prices are mainly affected by market news, and the rise and fall depend on the intensity of the selling. whether it is the impact of risk aversion caused by war factors or the economic impact of whether the United States cuts interest rates, it is undoubtedly supporting gold. If it continues to rise, then as long as there is no major bad news in the market, gold will not have a major correction. Therefore, whether it is short-term or long-term, we will continue to be bullish on gold! Gold is currently rising directly to a new high. The support point of gold has gradually moved up from around 2330 yesterday to around 2345 now. The current daily trend of gold maintains a volatile and strong pattern, and the intraday price fluctuations are large. On the 4-hour chart, the price of gold is temporarily fluctuating at a high level within a narrow range, and the K-line continues to remain strong above the short-term moving average. On the 1-hour chart, after continuous shocks, the technical form is gradually repairing, and the K-line gradually stabilizes the short-term moving average, suggesting that the short-term trend is still possible to continue upward. The 30-minute chart shows that the double top has been broken through, and a support point has been formed near the previous strong top of 2345. As long as the price remains above 2345, it is an opportunity to go long on dips. Although there is momentum to continue rising in the short term, the higher the high, the greater the risk, so be sure to bring a stop loss, because there is no resistance reference above, so it is not sure where the high point will be. In summary, the short-term operation of gold today is mainly based on callback longs, supplemented by rebound shorts. The top short-term focus is on the 2370-2373 resistance range, and the bottom short-term focus is on the 2345-2347 support range.
OANDA:XAUUSD
by JackBlackwell
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 SHORT 4H CONFRMSSorry for late update.... Past 4 week gold in uptrend in week Weekly time frm 1st pull back zone is 2231-2301 right now market need some correction if market cross and close 2196 4h correction will starts 4hrs deep buy zone is 2160-2150 once market comes this dip we can buy... in between other one mid zone found in 1hr (2186-2182) wait for the 4hrs 1st confirmation market still in buy trend... once confrm take sell... now side ways alrdy we took sell in 2210.030 NOTE: EDUCATION PURPOSE ONLY
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY
GOLD DAILY ANALYSISGo through the analysis carefully, and do trade accordingly. SHUBHAM_FX 'BIAS for the DAILY. Current price- 2150 "if Price stay above 2172 then next target is 2200 and 2250 and above that 2310. "if Price stay below 2165 then next target is 2130 and 2112 and below that 2088. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
FOREXCOM:XAUUSDShort
by MR_KUSUNDAL
2
Gold is going to Rocket Up 🚀Disclaimer: This is not a trading call, but simply my personal analysis. Observation: On the 4-hour timeframe, there appears to be an order block and liquidity present. Based on this, I believe there's a possibility that gold could attempt to fill this liquidity gap and potentially mitigate the order block this week. Trading: This analysis is for informational purposes only and should not be considered trading advice. Please conduct your own research and due diligence before making any trading decisions.
OANDA:XAUUSDLong
by atrader332
XAUUSD SHORTFirst up all Thank you to everyone.., now i fully completed SMC course with successful strategy... We done a back test on that almost97% SUCCESS RATE... Upcoming analysis based on that... In GOLD we got weekly BUY CHOCH @01dec2023 (in Daily we got buy BOS) And we got a HEAD AND SHOULDER formation @28dec2023(Daily) 1st buy correction 4H- sell CHOCH @17jan2024 2nd 4H-sell BOS @13feb2024 now the market @ 50% fibo of weekly of that sub-swing In here we got 2 entry 2029(flip entry) 2031-2035 is the main sell entry We took this entry bcz of our strategy works here.. IF THIS CROSS 2044 Next strong zone will be 2054(Flip entry)-2064(main entry) i think it will RED ROSE soon bcz 2044.5 is the H&S -trendline retracement so this 2029-2032-2035 entry will be more strong one for sell Targets based H&S (head top to neckline) 1st target 1986 2nd 38% target 1975 3rd 50% target 1950 4th 100% target 1860 BECARE FUL DAILY sell CHOCH will be 1973 if cross and close down then only sell trend will be confirm in daily
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY