Potential Sell - 70% Probability.Potential sell with institutional view. Hopefully market may move from the marked area to down side. Shortby satnix3
SELL @ 2065 XAU/USD Corrective swing UpWe are selling at 2065 , with a target of 2048 , Set stop loss at 2072, The reaction is due to chnages in Bond market, And aftermath of Fed meeting.Shortby fxtriangleUpdated 226
Rising Funnel pattern in XAUUSD GOING FOR LOW BUDDY, Rising pattern indicating the lower movement for trend, will go for extrem low downsideShortby routsubrat19961
XAUUSD NFP ANALYSIS, GOLD DATA TRADING, MARKET MAJOR DATAMarket Analysis Report -02/02/2024 NFP Overview: The following analysis provides insights into current market conditions based on recent data and live prices for Gold (XAUUSD), the US Dollar Index (DXY), USDJPY, and Silver. 1. Federal Reserve Interest Rate Outlook: The Federal Reserve has maintained its interest rates, as per recent information. A strict denial of a rate cut in March suggests a continuation of the current interest rate policy. There is speculation that the Federal Reserve might postpone any rate adjustments until May. 2. XAUUSD (Gold/USD) Analysis: XAUUSD has exhibited a pattern of consolidation within a defined range over the last 40 days. This consolidation follows a repetitive pattern, indicating potential trading opportunities. Historical price patterns from 2040 to 2020 and 2040 to 2014 provide key resistance levels at $2058 and $2065.81, respectively. Additional support and resistance levels: Support Levels: S1: 2075, S2: 2095, S3: 2110, S4: 2128, S5: 2148 Resistance Levels: R1: 2020, R2: 2000, R3: 1984, R4: 1966, R5: 1945 Despite the USD weakness and increasing debt, the denial of Federal Reserve interest rate increments may support a bullish bias for gold prices. 3. US Dollar Index (DXY) Assessment: DXY is currently facing pressure near the 103.80 level. This suggests a potential struggle for the US dollar to maintain its strength against a basket of major currencies. The pressure on DXY may influence trading strategies and investment decisions across various currency pairs, including USDJPY. 4. USDJPY Analysis: USDJPY's performance is closely tied to the strength of the US dollar. Pressure on the US dollar, as indicated by the DXY, may lead to downside pressure on USDJPY. Traders and investors should monitor key support and resistance levels on USDJPY to identify potential entry and exit points amid changing market dynamics. 5. Silver Market Outlook: Silver prices are influenced by multiple factors, including industrial demand, investor sentiment, and currency movements. Given the current market conditions, traders should remain vigilant for potential price fluctuations in silver, which may present both trading opportunities and risks. 6. Non-Farm Payrolls (NFP) and Market Sentiment: The overall outlook for Non-Farm Payrolls (NFP) is negative, with potential implications for unemployment rates. Two probability scenarios have been identified based on historical patterns, offering insights into potential price movements following the NFP release: Probability Scenario 1: NFP may lead to a downside move from 2020 to 2000, targeting a level of 1973 (previous low). Probability Scenario 2: An upside break from 2070 to 2088 may occur, targeting a level of 2100 and potentially reaching 2148 (previous high). Conclusion: The analysis highlights the current market landscape for Gold (XAUUSD), the US Dollar Index (DXY), USDJPY, and Silver, incorporating recent data and live market prices. Traders and investors are encouraged to remain informed and adaptable to navigate evolving market conditions effectively.by sagaahhelite4
Watch XAUUSD till 18 Jan 2024I have explained the expected movement on chart but final confirmation must be from Orderflow Analysis. I will be looking for trapping and absorption in circled area.Longby STtraderrUpdated 6
Gold buyers attack key resistance line on NFP dayGold price rose in the last four consecutive days while defending the early-week breakout of the 21-SMA and the 50-SMA. In doing so, the XAUUSD also jumped to the highest level in a month. However, the bullion failed to provide a daily closing beyond a downward-sloping resistance line, around $2,055-56 by the press time. It’s worth noting, though, that successful trading beyond the key SMAs joins the upbeat RSI and MACD conditions to keep the metal buyers hopeful of crossing the stated upside hurdle. On the same line are the expectations of witnessing a downbeat US Nonfarm Payrolls (NFP) number, which in turn can further weaken the US Dollar and fuel the precious metal. That said, a daily closing beyond $2,056 becomes necessary for the Gold buyers to aim for the late December swing high surrounding $2,088. Following that, the $2,100 threshold will act as the final defense of the XAUUSD sellers ahead of directing the prices toward the record high marked in late 2023 around $2,150. Meanwhile, surprisingly strong US employment data and a run-up by the US Dollar, as well as the Treasury bond yields, can drag the Gold price back to the stated SMA confluence, around $2,032-30 by the press time. In a case where the quote prints a daily closing beneath $2,030, the previous monthly low of around $2,000 and December’s bottom of $1,973 will lure the XAUUSD bears. Overall, Gold buyers are likely to keep the reins unless today’s US employment data bolsters the US Dollar.by MTradingGlobal0
XAUUSD CHART ANALYSIS, GOLD CHART UPDATEXAUUSD Since last FOMC int rate Decline has been trending under same range, My given range is awaited for further actions. I will wait till at least 2 ranges so that we can be more sure. tomorrow with NFP data release the course of gold values might change and we will get more clear entries for performing on portfolios.by sagaahhelite2
LONG ON XAU/ USD GOLDI am considering a potential entry point for a purchase on XAU/USD in the vicinity of the 2030 region. I will be monitoring market conditions closely for favorable signals before making any trading decisions. Stops will be below 2026 with an objective of 150 pipsLongby fxtriangleUpdated 112
BEARISH SIMPLE SIGNALsimple analyse from my side for more u can follow me FXOPEN:XAUUSD Shortby blissfulCloud196531
Gold going highGold is Trading high nowadays, So We have analyzed the Gold levels... Educational purpose only .... Hope you can catch the Target levels...Longby Influitive_CapitalUpdated 2
XAUUSD 1H SELL PROJECTION|TECHNICAL MOVE 01.02.24Overall Possible Outcomes 🔹FX SIGNAL GOLD SELL 2042.50 SL 2047.00 (-45 PIPS) TP 2030. 50 (+125 PIPS) Reason Retesting Yesterday Low Breaked Minor Support @ 2044 Obey Major Resistance @ 2055 in 4H TrendlineShortby kripsonfx978
gold xauusdbullish for next session easy and simple close ur eyes and depend on itLongby blissfulCloud19653Updated 3
Gold awaiting NFP for DirectionsAs Mentioned in the comments section of the last post. 2055 has been capitalised by Bears. So it is still Too Early to Write off the Bears. Even FOMC, like most of the times has failed to give directions. NFP could finally provide clearer Directions hopefully. Until then, Expecting a Rangebound Movement Between 2053 zone & 2021 zone. by DrAnandM8814
XAUUSD: Transactions are full of greenHello everyone! Today, the price of gold touched the levels of 2034 and 2036 USD at the beginning of Wednesday and is still mainly trading sideways as of the time of writing, although it is receiving strong support from the 2015 USD level and breaking out of the previous downtrend channel. Overall, the US dollar is regaining its position in the context of risk aversion sentiment, despite the decrease in US Treasury bond yields. All eyes are now focused on the Fed's decision on a new direction for Gold prices that does not bring profits. The daily chart shows XAU/USD trading in green for the second consecutive day as buyers gain confidence. Upon careful observation, we have noticed that gold has surpassed both the 34-day and 89-day exponential moving averages (EMA), but lacks enough strength to confirm an expanding uptrend. Currently, gold is trading near the resistance level of 2040 USD. Breaking above this resistance level will open up opportunities for further price increases in this precious metal, reaching higher levels at 2055 and 2088 USD.Longby RKarinaUpdated 40
Strategy to consider in the short term_ XAUUSDHello everyone! Yesterday, gold experienced a significant price increase, jumping from 2030 to 2056 USD, equivalent to nearly 26 USD. Currently, the price is adjusting and currently stands at 2040-2041 during the early trading hours of the Asian session, with prospects still favoring the buying side. Despite the DXY index showing signs of development, gold continues to demonstrate its strong recovery potential in the context of the possibility of the US not lowering interest rates anytime soon. So far, political tensions in the Middle East have not shown any signs of easing but rather continue to escalate. This is a factor that helps gold maintain its high and stable price above the $2,000/ounce threshold.Longby RKarina14
XAUUSD , FOMCGOLD TRADING , XAUUSD SR RANGERepositioning in the bond market before the Fed interest rate decision and Chair Jerome Powell's press conference contributes to the persistent weakness in US Treasury bond yields. The Federal Reserve is anticipated to maintain unchanged interest rates following its two-day policy meeting on Wednesday. Attention will be on Powell's post-meeting press conference for insights into the timing and pace of potential interest rate cuts. IMMEDIATE SELLING RANGE FOR FOMC DATA CAN BE : 2075-2095 IMMEDIATE BUYING RANGE FOR FOMC DATA CAN BE : 2020-2000by sagaahhelite3
XAUUSD 4H SELL PROJECTION 31.01.24Overall Possible Outcomes 🔹FX SIGNAL GOLD SELL 2053.34 SL 2058.34 (-50 PIPS) TP 2043.10 (+100 PIPS) Reason Behind Sell 1. Obey Golden Ratio 0f 0.618 @ 2055 2. Obey Parallel 4H Trendline 3. Retesting the DAY BREAK of 2030Shortby kripsonfx973
XAUUSD H4In recent market developments, the XAU/USD (Gold/US Dollar) pair has experienced a notable breakout on the H4 (4-hour) chart, triggered by the release of key economic data from the United States. Breakout Analysis: The H4 chart indicates a clear breakout, signaling a substantial movement in the price of Gold against the US Dollar. Traders and investors are observing the potential implications of this breakout, closely monitoring for sustained momentum and confirming factors such as increased trading volume. Projected Targets: As the breakout unfolds, market participants are eyeing the next potential targets for Gold. Key levels include 2045 and 2060. These targets are derived from technical analysis, considering historical price levels, trendlines, or Fibonacci retracements.Longby dipen2285
gold technical analysis in weekly time frame gold technical analysis in weekly time frame gold next possible movement. as we can see in anally-sing that market trend is up trend and also completed its 4th elliote impulse wave and might be create history all time high and make 5th wave Longby abbasjaffri030034314491
Gold next move (Gold is at deciding zone)(22-01-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (22.01.2024) Current price- 2023 "if Price stay above 2011, then next target is 2035 and 2048" and below that 2002,1992. -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 1170
XAUUSD - Be cautious in every step!Gold prices stood firm on Monday, rising over 0.70%, supported by increased tensions in the Middle East along with the previous day's gains in the US Dollar. The XAU/USD exchange rate traded around $2031.60, down 0.07%, after bouncing back from last week's low of $2017.92. In the near term and based on the 4-hour chart, XAU/USD is neutral. It is currently consolidating its short-term uptrend, as evidenced by the potential catalyst provided by the 34 EMA, although the price is approaching the resistance level of $2040 where it has consistently reacted. The "buy on dips" trading strategy for gold continues as long as the support level of $2015 is maintained. This is because, following last week's decision, policymakers are trying to temper hopes of an interest rate cut in April, which the currency market is fully pricing in.by RKarinaUpdated 38
Bulls eye a comeback!Felt the need to update. Despite a Strong JOLTs data, Gold has still managed to Give a Closing 1. Outside of the Downtrend Line 2.Very much close to The Uptrend line that it had broken recently. This could be owing to the Increasing Tensions in the Middle East Being priced in. Now Fomc could decide the final direction of the Trend. Going by the data released since last FOMC. Higher for longer narrative could continue, with economy being resilient. And again as usual fed will be data dependent. So expect, may be a dip till 2015 and a bounce towards 2080 or directly without any Pullback 2080 being tested. unless gold breaks 2015. Longby DrAnandM226
TP HIT ON GOLDtp hit on gold . .you can see my last post on gold .I placed to SELL order AND trade active , which is a strong SUPPLY ZONE.Shortby Knickk1