bullish pennant H4XAU still hasn't moved from my post last week, the movement only makes the bullish indicator ABCDE for wave 4. My target next week will be to make a real movement, supported by last Friday's data which shows weakness against the USDLongby yyusrizal6
XAU on the way to 2200Xau still donot move from my last week bias, it took may tp1 zone and sideway untill end of week, for the comming week my expectation xau will move to 2200Longby yyusrizal1
Gold Flag Breakout AnalysisGold is at all time high with a good bull rally and now into sideways , creating a flag and pole pattern , with a high probability of continuation. Also a strong support is formed at 2050-2055 zone and the price has retested this support three times. A false break down of this support is anticipated for a precise buy entry in the approximate zone of 2145 to 2151, and a stop out at 2138, with the first target at 2182, second target at 2195, third target at 2226 and fourth target at 2239. In contrary if the Flag pattern fails, we can see price may come down at the previous RBS zone of approximately 2088 to 2105 This analysis is done on 30m time frame. This analysis is for study purpose only.Longby GautamDessai226
Gold Trend 11/03 - Reversal signals yet to appearThe gold price was unstoppable last week. It broke clear the December high of 2088 and surpassed the historical high of 2147. On Friday, even with better-than-expected US non-farm payroll data, it continued to rise before the market closed, reaching a new all-time high of 2195. This week, the US will release core CPI and retail sales data on Tuesday and Thursday, if inflation slows down and the data disappoints, we can expect the gold price to continue its upward movement. 1-hr Chart - The gold price was rejected by 2190(1) again during the Asian session today. Since breaking through the resistance at 2147-2150 last week, an S-T upward channel(3) has formed in the past 48 hours. If the gold price breaks below the upward channel(3) after Tuesday's data, the trading range can be set between 2155-85(2). Daily Chart - After breaking through the December high of 2088 (4) last week, gold officially began its uptrend. The upside target 2190, estimated based on the previous consolidation range of 1:1 (4.1), has been reached. As the gold price is approaching the upper resistance of the M-T upward channel(5), the gold price has pullback(6) before the market closed on Friday. Keep an eye out; it would be the first signal of another surge if the gold price closes above 2178 on the daily chart in the next 2 days. Otherwise, a retreatment toward 2147-50 will begin. If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. To by 1uptickUpdated 666
gold m-30gold technical analysis as we can see in chat price moving in bearish butterfly chat pattern.. price completed his X to A wave A to B wave on 78% fib level and B to C wave on 38% fib level now possibility that price might be go up for its D wave on 127% fib level then drop downby abbasjaffri030034314490
GOLD NEXT WEEK EXPETATIONGOLD NEXT WEEK EXPETATION xauusd gold are major level area 2167.497 and 3195.338, this level are very importantShortby mindmonk2
🔥XAU/USD TREND analysis for next week✅Gold technical analysis: Gold showed a volatile trend yesterday. During the European trading session, it once climbed above the 5-day line of 2168 and touched the 2172 line. However, the pressure on the upper short-term trend line failed to be effectively broken, causing the market to fall back and adjust again. From a technical point of view, the main rhythm of gold this week is retracement, and the trend is weak and downward. We are also more inclined to the retracement idea of shorts. Before the bulls make a move in the short term, we still operate based on the short-term idea; Gold Day The K-line at the gold level closed two consecutive negative lines and fell under pressure. The K-line at the gold 15-minute and 30-minute levels fell under pressure. The K-line at the gold 1-hour and 2-hour levels broke and went short. The K-line at the gold 4-hour level held periodic resistance. Pressed down, the gold price has now entered a rather embarrassing situation. The high points at the top are constantly moving downwards, while the low points at the bottom are constantly revising upwards. The amplitude of the shock is getting narrower and narrower. The gold price is bound to choose a direction to break through. Before the gold price returns to 2180 again, the recent trend has been in a relatively weak situation, and the market outlook is more likely to fall below 2150! Currently, gold is moving towards the 2152 area and may further test the 2150 area. The overall trend is in line with expectations, and short-term adjustments have appeared again. On the hourly chart, gold is still oscillating within a triangle range, although it is heading downwards. If it falls below the 2150 support, the market may further extend to the 2145-40 area, or even near 2130 and 2120. However, the current bullish sentiment in the market has not completely dissipated. The short-term market is likely to stabilize near 2150, the lower edge of the triangle on the hourly chart, and wait for the Fed's interest rate decision next week in a volatile manner. If the short-term structural focus shifts downward, it will have a positive impact on the Fed's interest rate decision and operations next week. Taken together, the short-term operation of gold next week suggests that shorting will be the main focus, and callbacks will be supplemented by longs. The upper short-term focus will be on the 2170-2172 resistance level, and the lower short-term focus will be on the 2150-2140 support level.by Alvin_Kennedy34
GOLD WEEKLY PRICE DELIVERYGOLD WEEKLY PRICE DELIVERY XAUUSD gold price delivery weekly 11-03-24 to 15-03-24 this week are bearish goldShortby mindmonk2
Intraday Gold Trading: Triangle Pattern Near Support in Upward TUnlock the potential of intraday trading with gold as it forms a triangle pattern near a critical support level, amidst an upward trend. This comprehensive guide navigates you through the intricacies of identifying and executing a strategic buy position within this pattern, maximizing your potential gains while minimizing risks. Explore key insights into interpreting market dynamics, pinpointing optimal entry points, and implementing effective risk management strategies to capitalize on the prevailing upward trend. Whether you're a seasoned trader or new to the market, this analysis equips you with the knowledge and confidence to seize lucrative opportunities in the dynamic world of gold trading. @TradingView Longby jadhaodipak9991
XAUUSD on different time framesXAUUSD is on strong support at 1Hr and 4Hr chart, if it broke this support then chances are that it will go down till 2025. by sanatbv285442
XAUUSD am looking for long over here because there is support at 2150 , if price show respect to the lvl with bullish reversals i will go for long .. OANDA:XAUUSD Longby rashidrashid5642Updated 2
XAUUSDXAUUSD Which is showing a great opportunity XAUUSD is at support. what is your view please comment it down. We are NISM 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 ChartSightUpdated 7
Seizing Shorting Opportunities Below Breakout Points in gold In this volatile market environment, savvy investors are eyeing the downtrend in gold prices as a lucrative opportunity for shorting. With careful analysis and strategic timing, identifying breakout points below the prevailing trend presents a prime moment to capitalize on downward momentum. This comprehensive guide explores the intricacies of shorting gold during a downtrend, offering insights into spotting key breakout levels, understanding market indicators, and executing precise entry and exit strategies. Whether you're a seasoned trader or a newcomer to the world of commodities, leverage this resource to navigate the gold market with confidence and maximize your profit potential. Shortby jadhaodipak9992
xauusd bullish ideaa short impulsive montum is engulf by buyers so the market is now bullish. a long can be planned it it comes to our area and quickly respond back to target. if the market takes time the the setup is little bit risky. sl under low and the market should retrace our buy zone with very low momentum and slow move... note : any fast moventum to the buy zone will invalid our setup.Longby MR_JOKER_I4
gold spot bl 65650 dnw only mor eblwgold spot bl 65650 dnw only till 65577--510 sell on ris emust with tight hurdel sl 2170$ in spot blw 2165 looks dwn fall 2156--52$Shortby kailashcfa33Updated 3
XAUUSDGold's Elliott Impulse Wave (12345) has concluded, transitioning into an Elliott Correction Wave (ABC), signaling a potential selling opportunity. Traders may consider short positions as Gold undergoes this corrective phase, anticipating a downward movement in the near term.Shortby RoxCapitals1
#xauusd #gold #goldforex #goldtodayDear followers.. Don't wait just take now buy entry on gold.. it's good opportunity for you 🫵. Gold currently take rally to upside 💥 Support rejection 1HR Liquidity refill 4HR Buy now guy's 💹Longby Mrsubash1
XAUUSD Hello dear friends! What are your thoughts on the price of gold? Let's explore and discuss new strategies for gold together with RKarina. Overall, it has been a week of significant price increases for gold. The price has been rapidly developing and consistently creating surprises for traders. This comes after the latest employment report showed an increase in unemployment rates in the US and moderate wage growth, despite the accelerated job growth in February. The underlying factors driving the upward momentum of gold prices are the expectations that the Fed will continue to cut interest rates later this year and the weakening of the US dollar. Gold even touched a formidable level of $2200 USD at one point last night, but quickly pulled back and is currently hovering around $2179 USD. In general, the price of gold is expected to continue its upward trend. However, after the recent strong surge, the precious metal may need some consolidation in the short term.by RKarinaUpdated 62
Gold stays range-bound ahead of US Retail Sales Gold fades the previous day’s corrective bounce off the weekly low as market players await the US Retail Sales for February. In doing so, the spot Gold price, namely the XAUUSD, seesaws within a $48 trading range comprising an ascending resistance line stretched from May 2023 and the previous yearly top. It’s worth noting that the sluggish oscillators and the pre-data anxiety suggest a continuation of the sideways range. However, the bulls appear to have run out of fuel hence sellers are likely to benefit more on a downside break of $2,148 support. In that case, a quick fall toward the $2,100 round figure will be imminent but a 3.5-month-old horizontal support zone surrounding $2,090 could challenge the XAUUSD sellers afterward. Alternatively, an upside clearance of the aforementioned multi-month-old rising resistance line, close to $2,186 could recall the Gold buyers. However, the $2,200 threshold and 78.6% Fibonacci Extension (FE) of the quote’s October-December 2023 moves, near $2,240, will challenge the XAUUSD’s upside momentum afterward. Following that, the 100% FE level of $2,313 and the $2,500 psychological magnet will be in the spotlight. Overall, Gold stays within a long-term bullish trend but the short-term view appears to favor a pullback in prices should the scheduled data allow the US Dollar to defend the first weekly gain in four.by MTradingGlobal0
Gold : A very big uptrend is aheadGold will astonish everyone with price rise in rocket speed. Gold is breaking out of 3.5 year's consolidation to a very high target $2900. So buy gold with strong conviction. Longby maneeshaggarwalUpdated 1112
Gold price today: Needs adjustment!Updated Gold Market Report: During the Asian trading session, gold (XAU/USD) has attracted strong buying interest, partly recovering from the previous sell-off, with the price currently at $2,150. The surge in US Treasury yields, driven by higher-than-expected US consumer inflation in February, has increased the value of the US dollar and put downward pressure on gold prices. The recovery in the US stock market has also led to a shift of funds away from gold, a safe haven asset. Personal perspective: The decline in gold following yesterday's CPI report is a positive development. The price correction not only creates an opportunity to buy at a better price but also enhances liquidity and accumulation prospects for the market.Shortby RKarinaUpdated 38
Gold price adjusted strongly!Hello dear friends, let's find out about the price of gold today! As predicted since yesterday, gold has experienced strong downward pressure after the release of the Consumer Price Index (CPI) of the United States. According to the CPI report, it increased by 3.2% compared to the same period last year in February, slightly higher than the predicted 3.1% by market participants. The core index, which excludes volatile food and energy prices, came in at 3.8%, higher than the expected 3.7%, although lower than the 3.9% announced in January. These data have helped the USD recover and suppress the upward momentum of this precious metal. Currently, gold is trading around $2159 and is still undergoing a corrective phase after reaching record highs. In the short and medium term, gold is forming a cup and handle pattern and will soon face downward pressure after aiming for the resistance level of $2165. We can consider selling if gold reaches that level, with a profit target at the support level of $2145 - $2143.Shortby RKarinaUpdated 25