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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
XAUUSD CORRECTION PHASE ? WHAT'S NEXT ?Hello Trader's , Hope you are doing good. Happy weekend everyone . So we have seen the volatility of first week of 2024. Currently the range is 2050-2020 , Yesterday's closing at around 2045. From my experience i think GOLD will fall more on this upcoming week. We have CPI & PPI in this week. I think its a correction phase. I don't think it will fall below 2000 mark (except fake breakdown). I have marked the H4 critical level on the chart for smooth operation. You can see .
OANDA:XAUUSD
by martiantrader9
Bearish Analysis for XAUUSD at 2075-2080 LevelsXAUUSD pair is currently trading in a critical price range, specifically between 2075 and 2080. This analysis aims to provide a bearish perspective on the market conditions within this price bracket. Technical Analysis: Resistance Levels: The price range of 2075-2080 has historically acted as a significant resistance zone. Multiple attempts to breach this level have been met with strong selling pressure, indicating a notable barrier for upward movement. Bearish Candlestick Patterns: Recent candlestick patterns, such as shooting stars or bearish engulfing patterns, signal potential weakness in the current uptrend. These patterns suggest that sellers are gaining control, and a reversal might be in play. Overbought Conditions: Examining various technical indicators, it becomes evident that the market is in an overbought state. Indicators like the Relative Strength Index (RSI) or stochastic oscillators highlight the potential for a correction or reversal. Fundamental Analysis: Dollar Strength: The strength of the US dollar should not be overlooked. Any signs of a strengthening dollar could add further downward pressure on gold prices. Monitoring economic indicators and Federal Reserve statements can provide insights into the USD's trajectory. Inflation Concerns: With the global economy recovering, there are growing concerns about inflation. While gold is often seen as a hedge against inflation, excessively high inflation expectations could lead to a shift in investor sentiment and capital allocation. Market Sentiment: Speculative Positioning: Analyzing the positioning of market participants, especially institutional traders and hedge funds, provides valuable insights. A significant buildup of short positions in this price range could signal a broader market sentiment leaning towards a bearish outlook. News and Events: Keep a close eye on economic news and geopolitical events. Any developments that could impact risk sentiment or the perceived safe-haven status of gold may influence the market's direction. Risk Management: Considering the potential for market volatility, it's crucial for traders to implement effective risk management strategies. Setting stop-loss orders and closely monitoring the trade as it progresses can mitigate potential losses. Conclusion: In conclusion, the 2075-2080 price range for XAUUSD presents a compelling bearish opportunity based on both technical and fundamental factors. However, prudent risk management and continuous monitoring of market conditions are essential for successful trading. Remember that actual market conditions can change rapidly, and it's important to stay updated with the latest information and adjust your analysis accordingly. Additionally, individual trading decisions should be based on a comprehensive understanding of your risk tolerance, financial goals, and market conditions.
FOREXCOM:XAUUSDShort
by ishhakmansur
1
XAUUSD: Gold trend after breaking the upward price channelToday we will have very important USD news: ISM Manufacturing PMI, JOLTS Job Openings, ISM Manufacturing Prices and in the early morning of November 2 there will be 3 more news: Federal Funds Rate, FOMC Statement, FOMC Press Conference but This news is likely to have a big impact on gold, so we need to pay attention to orders when the news comes out According to technical analysis, October is a month of strong growth for gold. On the monthly chart, histogram and stochastic have a divergence, RSI does not see a divergence. Yesterday gold broke through the upward price channel so our trend will be to sell and the H1 stochastic frame is already in the oversold area so it is likely that gold will have a rebound to 1990, the price range from 1990-1992 we can sell stochastic The H4 frame still tends to go down, so the possibility of gold decreasing is very large
OANDA:XAUUSDShort
by TheForexFamily
XAUUSD amid rising political tensions Gold prices (XAU/USD) hovered around $1,950 after retreating from the two-month high of $1,962 in early Asian trading on Thursday. The precious metal's rebound was bolstered by escalating political tensions in the Middle East, driving the flow towards safe-haven assets. Meanwhile, the US Dollar Index (DXY), measuring the USD against six major currencies, rose to 106.55. US Treasury yields surged, with the 10-year Treasury bond yield reaching 4.911%, the highest since 2007, while the 2-year Treasury bond yield remained at 5.229%. On Wednesday, Federal Reserve officials reiterated their stance on maintaining interest rates. These comments pushed US bond yields higher, reflecting strong growth prospects in the US. Federal Reserve Governor Christopher Waller stated that it's too early to determine if there's a need for further policy rate actions, suggesting a wait-and-see approach. New York Fed President John Williams emphasized the central bank's need for a gradual monetary policy to curb inflation, indicating that the policy trajectory depends on data. Moreover, the ongoing political conflict between Israel and Hamas remains a focal point. Gaza authorities reported Israeli airstrikes killing 500 people at a Palestinian hospital on Tuesday, while Israel claimed the casualties resulted from a Palestinian attack. Escalating political tensions in the Middle East and market instability might drive demand for traditional safe-haven assets like gold. Gold traders will monitor the US Unemployment Claims and Philly Fed Index, as well as Existing Home Sales data later on Thursday. Additionally, Fed Chair Powell is expected to deliver a speech. Market participants will interpret signals from the data, seeking trading opportunities around gold prices.
OANDA:XAUUSD
by Samson_Phelan
9
Gold prices have adjusted after a series of increases last week.OANDA:XAUUSD The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to escalating geopolitical tensions in the Israel-Palestine conflict. In times of uncertainty, traders are turning to the precious metal as a safe haven, while the US dollar (USD) is also strengthening. The escalation of the conflict in Gaza has led Israel to shift its focus from aerial to ground operations, causing an increase in geopolitical tensions and strengthening safe-haven assets. The worsening consumer sentiment in the United States and the dovish comments made by Philadelphia Fed President Patrick Harker have added pressure to US Treasury yields.
OANDA:XAUUSDLong
by Basil_Trading
XAUUSD DOWNTREND CORRECTION STARTED 08.10.23Reason Behind the XAUUSD Bullish Setup 1. Fake candlestick Formation due to Obey of trendline and support @ 1810 2. Double Candlestick Confirms Half Confimations Bullish Engulfing and make the higher Movement 3.Three strike Line formed in trible candlestick and make Bull Movement 4. Hikake Bullish Setup takes the XAUUSD to Higher and breaked 1925 5. Decending Broadaning Formed and push the correct over the trend line @ 1900 Overall Possible Outcomes XAUUSD BUY @ 1810-1825 SL 1780 TP 1 1860 TP 2 1880
OANDA:XAUUSDLong
by kripsonfx97
1
XAUUSD: what is going on?From a short-term technical perspective, nothing seems to have changed for Gold price, as a correction from a seven-month trough remains on the table. The 14-day Relative Strength Index (RSI) indicator stays heavily oversold, justifying a case for a Gold price rebound anytime soon. Should Gold price stage a decent comeback the initial support-turned-resistance at the $1,850 level will be challenged. The next upside barrier is aligned at the September 28 and 29 highs of $1,880 on the road to recovery. However, if Gold buyers fail to find a strong foothold above the $1,850 mark, the downtrend could gather steam once again. Gold price will need to crack the previous day’s low of $1,815 to tale on the crucial support at the $1,810 level, where the March 8 low is registered. The $1,800 threshold will be the level to beat for Gold sellers. The 100-Daily Moving Average (DMA) is looking to cross the 200 DMA from above, suggesting that any pullback in Gold price from multi-month lows could prove temporary.
OANDA:XAUUSDLong
by Biden-ControlUSD
1