A New leg Lower Till atleast 2016I am short on Gold since Friday with the expection of reaching to 2016 and extended 2009 , The market sentiments remained the same, Dxy is almost flat. Stops should be at 2032Shortby fxtriangle111
xauusd shortOn the daily chart of XAU/USD, you observed a proper retest of a trendline. A retest means that the price returned to the trendline after breaking it, confirming it as a support or resistance level. Transition to 30-Minute Chart: After identifying the trendline retest on the daily chart, you switched to the 30-minute chart for more detailed analysis. Identifying a Sell Trade Setup: On the 30-minute chart, you identified a sell trade setup. This setup could involve specific technical indicators, candlestick patterns, or other factors indicating a potential downward movement in the price.Shortby sobtirubal76
XAUUSD H4 ChartGold Is Down. If Gold Break Level 2030 to 2035 level to Upside Gold Will Be Bullish Till Level 2060. Or Level 2025 Break To Down Side Gold Will be Bearish Till Level 2000. Good Luck For This Week.Shortby PDThummar3
How does gold price change?Hello dear friends! The price of gold in the global market has increased at the start of trading in the US due to safe-haven demand amid escalating tensions in the Middle East. The weakening US dollar is a supporting factor for the rise in gold prices. The long-term outlook for gold is positive. However, the upward momentum may be delayed as the market is trying to assess the possibility of a US interest rate cut. Lower interest rates reduce the opportunity cost of holding precious metals. Currently, according to the CME FedWatch tool, traders expect a 47% chance of a Fed rate cut in March. This percentage has decreased from 71% last week, which is significant in the short term. In the future, the upward price momentum may decrease significantly.Shortby RKarinaUpdated 53
XAUUSDGreetings! Welcome traders. By choosing to "Follow", you can stay updated with the latest information promptly. Kindly consider clicking "Boost" as well. Wishing you a pleasant day.Shortby TMCFX01
GOLD NEXT MOVE (ANALYSIS FOR THE YEAR-2024) (01-01-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the Year-2024 (01-01-2024) Current price- 2060 "if Price stay above 2000, then next target is 2120 and above that 2140, 2260." "if price breaks 2000 area and price stay below 2000 then next target is 1940, 1880,1810" TRADE LEVEL FOR THE YEAR-2024 "BUY 1800-1820, SL@1760 and target 2000,2150,2280,2320." (Execute this whenever price reaches this level) -POSSIBILITY-1 As long as the price stays above 1995-2004, the next target target is 2120 and above that 2140, 2260. Trade level for you- BEST BUYING AREA- 2030-2035 with SL 2016 and target 2070, 2120, 2140, 2260. BEST BUYING AREA- 1995-2000 with SL 1985 and target 2070, 2120, 2140, 2260. BEST BUYING AREA- 1800-1810 with SL 1790 and target 1880, 1940, 2000, 2150. -POSSIBILITY-2 "if price breaks 2000 area and price stays below 2000 then next target is 1940 and below 1880, 1810" Trade level for you- BEST SELLING AREA- 1995-1985 with SL 2010 and target 1940,1880,1810. BEST SELLING AREA- 2135-2150 with SL 2170 and target 2080,2035,2000. Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.Longby AnupZiddiUpdated 88
XAUUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.Shortby okako_trading1
Xau usd turning to bearishNow xauusd is in a mmsell model. On daily candle xauusd is takend a internal range liquidity now going to take external range liquidity 1 hour already taked buy stops look for premium area and then coming to original consolidation areaShortby vinayfx2210
Bearishness Could Continue in coming weeksGold Showed decent buying from 2000 zone in last 2 days of the week as Gold closed just within the Larger timeframe Uptrend line showing sharp V shaped recovery after the breakdown that happened Mid-week. The last 2 days of the week show that there could be some more upside till 2050 2055 before Bears re-enter. 2055 on upside And 2015 on Downside are the Levels. Trending move on either side break is possible. 2065 zone on upside 1990 zone on downside could be tested. I've Mentioned 3 Possible Scenarios that could play out. Green Yellow Red I am expecting Yellow One to Play out. Stick to the levels and have a Profitable Week ahead.. All the best!Shortby DrAnandM121224
Xauusd: trade in the direction of the trendHello dear friends! On the last day of this week's trading session, gold experienced a gentle recovery with prices fluctuating around $2030, marking a 0.33% increase for the day. However, it also faced immediate resistance at this level, along with the activity zone of the 34th and 89th EMA. The price may retreat to $2010 if there is end-of-day news supporting the USD. Conversely, if the price successfully surpasses that resistance level, it will open up strong buying opportunities with a target of $2055.Shortby RKarinaUpdated 19
XAU/USD- Idea Update FridayHi, We are still short on Gold, This is an Update to yesterday's Idea the Gold market rebounded due to technical shreading of Sellers, The New sell orders are heavy in 2030 region for an attempt to retest 2009 region, Our intraday projection is Gold should reach the target of 2009 -2005 by EOD. Shortby fxtriangle2
GOLD BEARISH Gold has broken its old support on 4 hour time frame and now it will act as resistance and it has also created a fair value gap on 1 hour time frame and Gold is also forming Bearish flag pattern. Entry = 2019. 282 Target =1982.282 Stoploss =2029.282Shortby Fx_Trade_CorpUpdated 3
Gold breakout discount strategyDear friends! Currently, gold is trading with a stable recovery above the support level of $2030. At the time of writing, the price is trading at $2047, indicating a significant increase in price at the current time. On the analysis chart: Gold has broken the support level of $2059 and started a downward trend. Therefore, the stronger US dollar and higher US bond yields are putting pressure on the yellow metal. Regarding the outlook: Gold is currently experiencing a slight recovery towards the previously broken resistance area. However, with the market still in a downward price control, any breakout action could quickly push gold down to the defensive level of $2020Shortby RKarinaUpdated 1116
How does gold change momentum?Hello dear traders! On Wednesday, Gold experienced a sharp decline, reaching the psychological support level of $2000. However, it quickly corrected and has been lingering around $2022, close to the Fibonacci retracement levels of 0.5-0.618. This indicates that the prospects for this precious metal remain high. However, if it manages to surpass this retracement level and break through the temporary resistance at $2033, it could open up more opportunities for gold to recover even stronger, fueled by the tensions. Escalating political conflicts will pose high risks globally. Economies will continue to face inflationary pressures due to supply shortages. This will hinder global economic recovery, leading to an increased demand for gold as a safe haven and a hedge against risks. The forecast suggests a significant rise in gold prices as tensions persist.by RKarinaUpdated 26
XAUUSD 1H BUY PROJECTION Reason For Bullish 1. Stochastic Oversold and tends to Bullish 2. RSI 14 above 50 which Uptrend in 1H 3. Breaked Resis 2019 and retesting Now for Bullish Overall Possible Outcomes XAUUSD BUY @ 2021.90 SL 2015 TP 2025 TP2 2030by kripsonfx976
Gold price recovery lacks momentum within bearish channelGold price lacks clear directions after bouncing off the lowest level in five weeks, as well as snapped a two-day losing streak, the previous day. That said, the previous support line stretched from early November guards the immediate upside of the XAUUSD around $2,022. As the RSI (14) line’s recovery joins the impending bulls cross on the MACD to back the precious metal’s rebound, the quote is likely to surpass the nearby hurdle surrounding $2,022. However, the 200-SMA and the top line of a three-week-old bearish channel, respectively near $2,037 and $2,051, will challenge the bullion buyers afterward. In a case where the prices remain firmer past $2,051, the odds of witnessing a quick rally toward the $2,090 horizontal resistance region can’t be ruled out. Meanwhile, the 61.8% Fibonacci ratio of the metal’s November-December upside, near $2,015, restricts nearby declines in the Gold price. Following that, the aforementioned channel’s bottom line, close to the $2,000 psychological magnet, will precede the previous monthly low of around $1,973 to act as the final defense of the buyers. Should the XAUUSD remain bearish past $1,973, the downside momentum will aim for November’s bottom surrounding $1,930. Overall, the XAUUSD remains bearish unless it manages to defy the descending trend channel formation backed by the downbeat US Dollar.by MTradingGlobal0