Ongoing Correction in GoldGold forming flat correction to complete "B" / "X" wave before going down. Levels are marked on chart. Study will be invalidated above 2130. Shortby tradingwick0
Gold Support and Resistance LevelsGold Support and Resistance levels to look for entries as of now current trend is clear downtrend in past week with dollar index on rise more fall expecting this week,Only above 2035-2040 area sustains it will change character to bullish until then sell on rise applies or buy on support levels to target above minor resistance areas (scalping).by rakeshreddymUpdated 1113
Gold next week price predictionXauusd are bullish in last week, currently price trading 2082 level, chance to next week price has break 2089 level and change shift to reversal to take 2013 level liquidityShortby mindmonk2
Gold price on the weekend of trading weekend!Hello everyone, let's strategize for the new day with RKarina! It can be observed that yesterday afternoon, the price of gold increased significantly, surpassing the important resistance level at 2035 USD and approaching the level of 2050 USD before stabilizing around the 2045 USD range in the first half of today. In line with this, the core PCE of the United States decreased from 2.9% to 2.8% compared to the same period last year. The annual overall inflation rate also decreased sharply from 2.6% to 2.4%, in line with expectations. This data confirms that the process of inflation reduction continues, causing a decrease in US Treasury bond yields. As a result, financial investors are shifting their capital from bonds to precious metals. The price of gold in the world today has the momentum to continue rising.Longby RKarinaUpdated 20
XAUUSD ANALYSIS ACHIEVED Mentioned Selling Area Idea Achieved CMP is 2063: As mentioned for different zones for selling area and buying area, post Michigan sentiment data release and while Running Speech of Fed Member we have witnessed gold value touched at 2063 from where its a possibility that it will take a turn towards Pivot range in coming week time Not to Forgot that Next Week if NFP week and Major Movements might be visible in next week as well. by sagaahhelite1
Gold Spot - A Pattern is spottedThe chart shows the price is traveling in a descending parallel channel formation. This time reaching towards the upper levels of the channel. If rejected from the levels of 2044-2052, may be in a downtrend for further sessions. Possible targets are indicated on the charts. This illustration is my personal view only, for learning and sharing purposes, not a piece of trading advice in any form. All the best.by anandliveUpdated 3
Gold bullish viewXauusd , Gold in bullish in short term view, close 2065 level, then returnLongby mindmonk2
gold spot updategold spot styaa bv 2042 loks up side 2048--55--65$ yes support 2030 buy on dips with tight sl more lvl stya connect with usLongby kailashcfa33Updated 3
XAUUSD: little volatility, quiet tradingHello dear friends! What is your prediction for the movement of gold today? Last night, gold briefly touched the $2025 mark before quickly recovering to stabilize around the $2035 range, facing challenges around this resistance level. Due to the narrowing Bollinger Bands, it is predicted that gold will have minimal volatility today, possibly fluctuating between $2038 and $2025.by RKarinaUpdated 20
Gold Reversals: Capitalizing on Breakdowns of Previous Lower LowIn the volatile world of commodity trading, gold stands out as a prized asset with its unique dynamics and responsiveness to market shifts. Trading gold reversals requires a keen eye for patterns and a strategic approach. This article explores a potent strategy: identifying breakdowns of previous lower lows and leveraging substantial volume to initiate trades on the downside. Gold's price movements often follow recognizable patterns, with reversals being a prominent feature. One such pattern involves the breakdown of previous lower lows, signaling a potential shift in momentum towards the downside. When coupled with a surge in trading volume, these breakdowns can present lucrative trading opportunities for astute investors. To implement this strategy effectively, traders must first establish a framework for identifying lower lows and their subsequent breakdowns. Technical analysis tools such as trendlines, moving averages, and support/resistance levels can aid in this process. By pinpointing key levels where previous lows have formed, traders can anticipate potential reversal points. Once a lower low is identified, attention turns to volume dynamics. Significant increases in trading volume accompanying the breakdown of a lower low suggest heightened market participation and conviction among traders. This surge in volume serves as a confirmation of the reversal, providing added confidence to traders looking to capitalize on downward price momentum. Executing trades based on these signals requires discipline and risk management. Entry points should be carefully timed to coincide with the confirmation of the breakdown and the surge in volume. Stop-loss orders can help limit potential losses in case the trade does not unfold as anticipated, while profit targets should be set based on realistic expectations of price movement. It's important for traders to remain vigilant and adapt to evolving market conditions. While this strategy can yield profitable opportunities, it also carries inherent risks. Monitoring key indicators and staying informed about macroeconomic factors influencing gold prices can enhance decision-making and improve trading outcomes. In conclusion, trading gold reversals by identifying breakdowns of previous lower lows with strong volume represents a compelling strategy for navigating the intricacies of the precious metals market. By combining technical analysis with prudent risk management, traders can position themselves to capitalize on market shifts and achieve success in their trading endeavors. @TradingView Shortby jadhaodipak9995
Brief analysis of GoldFacing strong resistance at $2050.00, we may witness a decline in the gold market over the next few days.by nadeem_fx3224
Gold next move (Ideally a correction is required)(29-02-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (29-02-2024) Current price- 2030 "if Price stay below 2042, then next target is 2020 and 2010 and above that 2050. -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.Shortby AnupZiddiUpdated 101083
XAUUSD (GOLD is calling for Scalpers and Day Traders)Reason for Trade is Elliot third wave and Trendline breakout Strategy Entry price ,stoploss, Target already marked in the chart itself FYI. Guys pls like, follow and share with your friends Thank You and I wish everybody should win.Longby profits2winUpdated 3
XAUUSDA trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, smart traders sell stocks at the upper resistance line, hold stocks within the parallel trend lines, and buy stocks at the lower support lines.Longby S_VIGNESH110
Gold next move (Bulls are loosing strength)(28-02-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (28-02-2024) Current price- 2033 "if Price stay below 2045, then next target is 2020 and 2010 and below that 2050. -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.Shortby AnupZiddiUpdated 4457
XAUUSD 4H W PATTERN FORMATION Reason Behind Bullish 1. Formation Of W Pattern in 4H 2. Break Resistance @ 2036 Overall Possible Outcomes 🔹FX SIGNAL GOLD BUY 2035.50 SL 2030.00 TP 2048.20Longby kripsonfx973
XAUUSD/GOLD DAILY SUPPORT AND RESISTANCE lookout for intraday or level trading for support and resistance for GOLD trade wisely Watch on Levels high imapact news tonightby SamsTradingAcademy0
Bull cross keeps Gold buyers hopeful ahead of Fed InflationThe price of spot Gold (XAUUSD) defends the previous day’s rebound from a weekly low despite lacking momentum around $2,035 early Thursday. In doing so, the yellow metal portrays the market’s anxiety ahead of the US Federal Reserve’s (Fed) preferred inflation gauge, namely the US Core Personal Consumption Expenditure (PCE) Price Index. It should be noted that the sluggish MACD signals and steady RSI near 50.00 also depict the trader’s lack of conviction. However, the 50-SMA pierces off the 200-SMA from below and portrays a bullish moving average crossover, namely the Bull Cross, which in turn suggests a short-term upside bias of the market. The same highlights $2,042 as an immediate resistance ahead of an eight-week-old horizontal area surrounding $2,062-66 that holds the key to the bullion’s further advances. In a case where the quote remains firmer past $2,066, the late 2023 peak of around $2,088 and the $2,100 round figure will lure the XAUUSD bulls. On the flip side, an area comprising the 50-SMA and the 200-SMA, around $2,028-26, restricts short-term declines in the Gold price. Following that, the $2,010 level and the previous monthly low of around $2,001 could test the XAUUSD bears before giving them control. In that case, the monthly bottom surrounding $1,984 and the late 2023 trough near $1,973 will be imperative to watch as the final defenses of the buyers. Overall, the Gold buyers are in command ahead of the key US data but the upside room appears limited.by MTradingGlobal0
Xauusd todayHey everyone, let's delve into the current gold prices! During the previous trading session, the price of gold remained steady, ranging from $2022 to $2025. Investors are eagerly awaiting fresh economic data from the United States in order to assess the future direction of interest rates as determined by the Federal Reserve (Fed). At the moment, gold finds itself in a temporary stalemate, torn between expectations regarding interest rates and the demand for a safe haven amidst geopolitical tensions. The latest minutes from the Fed's policy meeting have revealed a general concern among policymakers regarding the risks associated with premature interest rate cuts, which has exerted significant pressure on gold. In my opinion, there is a possibility that gold prices could rise to a range of $2040 - $2042 before experiencing a correction if it reaches the limit of its downward trend. Shortby RKarinaUpdated 2255
Gold price today: Trading is quietHello everyone, gold traded relatively calmly today at a high level after breaking out of the previous downtrend. Today, the price of gold was supported by the decline in US Treasury bond yields. As a result, the US dollar (USD) weakened as the US Dollar Index (DXY), which tracks this currency against six other currencies, fell by 0.05%. From the analysis chart: Gold is trading sideways as XAU/USD has been unable to surpass the psychological resistance level of $2,035 for the past 12 days. However, the upward trend is still intact, and if buyers reclaim the $2,035 level, it could open up an opportunity to challenge the psychological level of $2,050.by RKarinaUpdated 28
XAUUSD ANALYSIS POST GDP AND PCE DATA XAU/USD (Gold/US Dollar): Recent Trend: Trending between $2040-$2020 in moderate risk. Current range: $2040-$2020(Hook Zone) Trading Range: Based on recent trends and support/resistance levels, trading range for buying or selling stands at highs and lows. Additional Notes: Waiting for updated support/resistance (SR) range after USA data release. Recent Trend: Prices are stable in one zone; technical analysis suggests holding trades until a range is activated beyond this zone. Market News: Federal Reserve Statements: Christopher Waller: No rush to begin cutting interest rates. Jeffrey Schmid: No need to preemptively adjust policy stance; Fed should be patient. Implication: Hawkish statements suggest reduced likelihood of rate cuts in upcoming meetings (May or June). by sagaahhelite3
#xauusd #gold #sell #forexGold response 30 min resistance Trend line... It's seems to go low from here 29/02/2024 was expecting sell side targets 2025-2022 Shortby Mrsubash0