Gold buy on deeps!As per the chart, some corrections have been seen around 2352 (which I have posted already) on Gold. So it does. Now buy on deeps around 2310 for the target of 1:2 RR or 1:3 RR. Longby talkingmarkets3
GOLD – Cup and Handle breakout - 30% upside potential2040 to 2060 has been a resistance zone for Gold which has been broken now. Very good Cup and Handle pattern breakout also can be seen on weekly timeframe, target is coming to 2500+ and then 3040+. Any fall towards 2100 zone would be a good buying opportunity. SL: Daily close below 2100. Longby skandha19860
GOLD NEXT MOVE(trend continuation with a correction)(03-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (03-04-2024) Current price- 2272 "if Price stay above 2252, then next target is 2286 and 2300 and below that 2230. -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.by AnupZiddiUpdated 9967
GOLD NEXT MOVE (bulls are in upper hand )(02-04-2024) Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (02-04-2024) Current price- 2264 "if Price stay above 2248, then next target is 2284 and 2300 and below that 2230. -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.Longby AnupZiddiUpdated 2251
GOLD NEXT MOVE (bulls are cheering: watching ATH )(01-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (01-04-2024)) Current price- 2255 "if Price stay above 2233, then next target is 2280 and 2300 and below that 2204. -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.Longby AnupZiddiUpdated 4442
GOLD WEEKLY ANALYSIS (April 01- April-05)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the week (April 01- April-05) Current price- 2233 "if Price stay above 2195 then next target is 2250 and 2280 and above that 2310. "if Price stay below 2195 then next target is 2170 and 2152 and below that 2110. -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.by AnupZiddiUpdated 5567
Rounded BottomWhat is Rounding Bottom pattern: The Rounding Bottom pattern, also known as the saucer bottom, is a bullish reversal pattern observed in technical analysis. It typically emerges after a prolonged downtrend and signifies a potential shift in market sentiment from bearish to bullish. Characterized by a gradual decline followed by stabilization and a subsequent gradual ascent, the pattern resembles a rounded bowl or saucer. Confirmation of the pattern occurs when the price breaks above the resistance level, usually accompanied by increased volume, signalling a buying opportunity. Traders often set their price targets by measuring the depth of the pattern and adding it to the breakout point. While the Rounding Bottom pattern provides valuable insights into potential trend reversals, traders should consider other factors such as overall market conditions and fundamental analysis for comprehensive decision-making. echnical Analysis and Outlook: Gold price is currently scaling higher, with the potential to surpass the $2,300 mark. The Daily Relative Strength Index (RSI) indicates overbought conditions, warranting caution among investors. Near-term consolidation or a corrective pullback may offer buying opportunities, with support levels identified around $2,265 and $2,250. A break below the weekly low of $2,228 could trigger technical selling, potentially leading to a decline towards the psychological $2,200 mark. Conclusion: The surge in gold prices amidst geopolitical uncertainty and Federal Reserve policy ambiguity underscores the metal's role as a safe-haven asset. While bullish momentum persists, investors should exercise caution, considering the potential for technical corrections and market volatility. Monitoring key economic indicators and geopolitical developments will be crucial for navigating the gold market in the coming weeks.Longby rajeshtatineni85111
XAUUSD BUY PROJECTION 07.04.24Reason Behind Buy 1. Breaked Resistance @ 2310 2. Will Retest Trendline + Support @ 2310 3. Next XAUUSD/GOLD Move towards last week High 2331 4. Jio Politic War - Reason 1 5. US intrest Rate - Reason 2 Overall Possible outcomes XAUUSD BUY @ 2295-2310 SL 2267 TP 2330 TP 2 2400Longby kripsonfx973
Spot Gold Long Term View: Buy on deepsGold is headed to 2352 and may fall from here but the long-term view is still bullish. Correction may seen around 2140 and will head towards 2550. So buy on deeps.Longby talkingmarkets2
XAU/USD Gold Technical Analysis - Gold has shown a very impulsive move from its point of release - Gold can continue its impulsive move for long as well - However, when a ball bounces hard gravity always pulls it back again, apply the same concept here when you think about getting in the middle of a Trend or at the Top - Similarly wait for a pullback if you are looking for fresh longs. - If you are already holding this continue to ride you winners by VKtradesimbalance2
XAUUSD gold 06-04-2024this week is gold is huge buying pressure acting next week small retrice and continew buy acting 2293.72 level is very importent 2267 level breake chance to down side reation by mindmonk2
Xau minor pullback or direct to 2350 in my perception xau still om bullish mood, i expect newxtweek have minor pullback before continuing rally to reach 2350 Longby yyusrizal1
Pay attention to whether gold can hit new highsYesterday, the price of gold hit a new high again after falling back, but it was only about $1 higher than the previous high, and then turned around and fell. Today's lowest point reached around $2,267, and it is currently in the rebound and upward stage. The current resistance level of 2265-2270 US dollars has not yet been breached. The main focus is on whether prices can reach new highs again. If the price encounters strong resistance near $2,305 again, it may enter a volatile market next. Today's US non-farm payrolls report has not yet been released. Just now, the U.S. Bureau of Labor Statistics: Total non-farm employment increased by 303,000 in March, which is higher than the average monthly increase of 231,000 over the past 12 months. This news is not conducive to the continued rise of gold and may cause gold to fall in the short term. Trading Strategy: If the price does not fall below $2,265, remain bullish. The overall trading idea is still to go long at the support level. The main focus now is on the resistance range of $2265-2270. If the price falls back to the resistance range of 2265-2270 US dollars, you can continue to open long orders. The expected take-profit price above is in the range of 2290-2300 US dollars. If the price falls below $2,265, the decline will continue in the short term.Longby winner-2004Updated 64
XAUUSD - SMALL RISK FOR HUGE REWARD ?XAUUSD currently trading at 2292 Shorting XAUUSD at CMP with 2320 SL. Target would be 2230 - 2200 - 2180 Expecting a fall soon! Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!Shortby akshit_officialUpdated 9
XAUUSDThe departure from the upward trend channel has led this product into a significant price decline. It is currently trading below the resistance levels of 2285 and 2290. A strong downward trend was established after taking profits at the $2305 mark, with stable trading activity observed on the 1-hour chart. Given these observations, it wouldn't be surprising to anticipate further price drops after testing the aforementioned resistance levels (as illustrated on the 2-hour chart), with an expected decrease to $2.248. If you find this post insightful and valuable, don't forget to leave a like and share your thoughts. It would make me extremely happy.Shortby RKarina25
"In a world of uncertainties, gold remains a timeless anchor"After facing rejection four times at the @2080 price level over a span of 1302 days, there's a compelling possibility of a breakout. Each rejection indicates a significant resistance point, but the frequency of attempts suggests growing pressure for a potential breakout.Longby Aayush_RaghuwanshiUpdated 3312
XAUUSD: Setting new highs!Today's gold price gently adjusted, from $2,300 to $2,272, reflecting volatility but not eclipsing the long-term growth trend. In the face of inflationary pressure and positive economic data, the Fed may continue its strict monetary policy. However, policy flexibility is still the driving force behind gold prices, along with pressure from the national debt, creating a solid foundation for price increases. Gold, therefore, is still an attractive investment channel, resistant to inflation and instability. From a technical perspective: price is still well supported by EMA 34.89. It is expected that the price will recover after the correction and retest the EMA 34.89.Longby RKarinaUpdated 16
XAUUSD 1H SELL PROJECTION 05.04.24Reason Behind SELL 1.Breaked Support @ashoksharma_2285 2.Immediate Support @ 2280 Which Entry Point 3. Formed Three white soldiers 4. Retesing Yesterday Low Overll Possible Outcomes GOLD SELL 2279.20 SL 2290.15 TP 2252.00 Shortby kripsonfx971
XAUSUD is ready🚀XAUUSD Which is showing a great opportunity XAUUSD is ready to breakout. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.by ChartSight4
Gold price extends pullback from record high ahead of US NFPAfter rising for seven consecutive days, the spot Gold price (XAUUSD) witnessed a pullback from an all-time high and closed in the red. That said, the precious metal’s retreat remains intact early Friday as the US Dollar pares weekly losses ahead of the key US employment data, mainly the Nonfarm Payrolls (NFP). Technically, the XAUUSD justified overbought RSI conditions and sluggish MACD signals to ease from the record high. This suggests brighter chances of the bullion’s further pullback toward a one-month-old previous resistance line, close to $2,258 by the press time. However, the quote’s downside past $2,258 appears difficult as an ascending trend line from late February challenges the bears around $2,220. Even if the commodity price manages to break the $2,220 support line, the $2,200 threshold and a four-month-old horizontal region surrounding $2,141-50 will be tough nuts to crack for the bears before taking control. On the flip side, the Gold price rebound needs validation from the $2,300 threshold and downbeat prints from the US employment data. Following that, an upward-sloping resistance line from March 21, close to $2,313, will restrict further advances of the XAUUSD. It should be noted that the quote’s sustained run-up beyond $2,313 enables it to aim for the 78.6% and the 100% Fibonacci Extension (FE) levels of its February-March moves, near $2,345 and $2,398 respectively. Following that, the $2,400 will act as the final defense of the sellers. Overall, the Gold price remains bullish beyond $2,141 but a short-term pullback can’t be ruled out unless today’s US jobs report disappoints the US Dollar bulls.by MTradingGlobal2
GOLD - ready NEW MAXIMUM?!We had a volatile day yesterday, with gold prices skyrocketing from 2275 to a new peak of 2305. Today continues to be an important day with news that could trigger a price correction. While gold is not typically a top choice for technical analysis, it is currently approaching the top of the price channel. However, we also know that gold is always a sought-after asset for investment and storage, continuing to drive prices up. So I set my next target for gold at the new price level - 2320. Please share your thoughts or opinions, I always look forward to hearing from you.Longby RKarinaUpdated 54
Technically, gold will continue to riseOn April 4, gold was correcting its recent extreme overbought conditions. The 4-hour chart showed that technical indicators fell sharply, almost vertically downward, but still well above the midline. The highs and retracements have not changed gold's original bullish technical barriers. The large structure does not require too much analysis at present, and it is a relatively obvious bullish trend. Not to mention the previous increase in the monthly K line, the physical Dayang K in March is enough to support gold's certain increase in April. Week K also rose by 100+ US dollars starting from 2146 after the weekly red three soldiers, and there is currently no sign of retreat. At this stage, the small cycle operation of hourly and four-hour lines cannot judge the effective resistance above. Without significant bad news or a rapid decline caused by a large number of selling, gold will still be mainly long. Looking at the 60-minute chart, the 20-day moving average and the 50-day moving average extend upward in parallel, and the MACD indicator is also well above the 0 axis, indicating that it is still in a strong upward stage. Unless there is major news that is not conducive to the rise, the rise will continue. The first support level is seen near $2,288. If the price falls back to $2,285-2,288, you can go short and long. Highs above are expected to be around $2,315. If the price falls below $2,280, the price may then fluctuate in the range of $2,265-2,288. But as long as the price touches around $2,165, you can still go long.Longby winner-2004Updated 41
xauusd looking for sellas per price action price has been taken yesterday high liquidity . now going to test low level 2266 is our ideal target. price action also our favour and As per smc fvg and orderblock also filled......Shortby TheMoneyOcean2