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GOLD (XAUUSD): Detailed Technical Analysis Gold is currently stuck on a key daily resistance based on the ATH. Analyzing a price action, I see a clear bullish accumulation: the price has set three equal highs already, keeping setting the higher lows. At some moment, we may see a breakout attempt of the underlined red resistance area. A daily candle close above that will be an important bullish signal. It will drive the prices higher, the next goal for the buyers will be a major rising trend line. From a current perspective, it is 2500 level. Alternatively, the market may initiate one more correctional movement. I will post the update if I see any bearish confirmation. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
1
XAUUSD All time high tomorrow?!?!Good evening gold gang hope you're well! ... gold has been rallying today with only small signs of slowing and closing at near all time high .. can war news push us over the top? We are currently in a 4h engulfing zone so id like to see a pull back in asia in order to buy up tomorrow to all time high. If we gap and fly in asian session, then we must wait to see where we land before risking sells Its gonna be a fun one guys im looking forward to it .. catch you in london tommy
OANDA:XAUUSD
by tommyXAU
XAUUSD | Road to 2,500 PhasePrevious analysis has now near enough completed with a large bullish surge today making its way over 2 key quarter level phases with 2500 being the last of this phase section, after breaking through the previous days high gold now tests the all time high of 2,485 where there is a lot of pressure to break through already. With various events happening this week such as the CPI, PPI + Retail Sales I think the final event on thursday could provide key insight into golds growth and how the precious metal stands out from the rest, it is noteworthy of paying attention to the upcoming PPI although only short term impact it can play important roles within the FED and further conditions. What are your thoughts and ideas? Let me know below :)
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
XAUUSD still bearish!! major algo in sightwhats up gold gang hope you're well! .. been a little while since my last post its just been so mental with the pricing, i havent bothered analysing .. just reacting to current market price we are continuing to trend downwards (missing a great sell today by 10 pips) and making its way down to the major algo at 2352.12. You can expect a bounce there for scalp buys but i would be careful for sure. A pull back to the trendline and sell in asia would be the move! tomorrow we find some good sell zones and let them rip catch you all in london tommy boi
OANDA:XAUUSD
by tommyXAU
1
Fears Fail to Keep Gold Above $2,400: A Temporary Dip? Gold has slipped below the $2,400 mark even as geopolitical tensions possibly escalate, with Israel bracing for potential retaliation from Iran. US intelligence indicates the response could come late Thursday or Friday. Market attention is also directed towards the upcoming Initial Jobless Claims data, due on Thursday, which investors hope will provide further information about the labor market. Perhaps in an attempt to calm the volatility seen at the beginning of the week, San Francisco Fed President Mary Daly said Tuesday that “none of the labor market indicators she looks at are flashing red at present ...”. Perhaps adding to the downward pressure on gold, major Asian central banks appear to have paused their physical gold buying sprees. Reports from the World Gold Council indicate that China has abstained from buying the precious metal for the third consecutive month. Technically, if the XAU/USD continues its downward trajectory, the next support level could lay at the 50-day and 100-day Simple Moving Average. Further declines could test the May 3 low of $2,277.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD Still bearish! heres why good evening gold gang! im back from a little trip away and ready to go price still respecting downward trends even though very wicky today with price grabbing liquidity everywhere! price respecting the daily candle meet and also 4h engulfing so a small pull back in asian to sell down is on the cards. Ill need to see where price lands in the london session to see what we're going to take as there are quite a few obsticles in the way down there currently buys need to break the 2 zones first which looks like it will need some news BIG news week this week too so im expecting big movements please like and share this for me! tommy
OANDA:XAUUSD
by tommyXAU
2
XAUUSD bears are still in until here ... Good morning gold gang WHAT A DAY it was yesterday snagging over 200 pips from the market capitalising on the volume and strong zones. Well done all! bears are still in control after a push up in asian session, if this current zone breaks buys are possible but essentially i would want to sell at a better price close to the trendline the daily engulfing zone at the bottom is a great buying opportunity with war announcements on the way, price can come down there to start the next bull run. Watch out for the end of the month usual friday shenanigans and protect your capital at all costs have a great day tommy
OANDA:XAUUSD
by tommyXAU
1
XAUUSD GOLD IS DYING!wow gang what a drop yesterday ... melting off the face of the earth!! and what a relief! I prefer price away from all time high as there are more confluences and more price action down here to take better trades from. I see it now following yesterdays analysis .. that was perfect!! .. to hit algo level. First ill need a pull back to then sell. No buying opportunites at present other than the daily engulfing candle at the bottom but a way off ... i want to focus on selling it down for now lets avvit!!! tommy
OANDA:XAUUSD
by tommyXAU
3
XAUUSD Tuesday's trade ideas. Good evening gold gang i hope you are well! ... 2 losses today trying to catch buys! the fundamentals were wrong from the war to rise gold .. instead we got bearish price action due to the president so all day we fell until hitting the marked out 4 hour zone. I couldnt take that buy as id already lost 2 which is my daily limit Whats happening tomorrow?! .. well the 1h EG zone respecting will provide further bearish action with a potential target of algo level. a break above 2412 area will be good for the buys confirmation but with no news until wednesday, im not sure we will achieve that. lets have a better day tomorrow gang!! im looking forward to it already have a good evening, catch you in london tommy
OANDA:XAUUSD
by tommyXAU
4
XAUUSD All eyes on the open! big news!! Good evening gold gang, its that time once again ... market open. THIS TIME its different with big news coming from the war and president Biden pulling out of the race .. its gonna get spicy this week Price finished up last week and the weekly support so technicals are pointing bullish .. war news bullish too but Biden news will be good for dollar i would imagine so that would be bearish for gold there is a nice 4h zone below current price right now which may get tapped at the open in order to buy from but that will be shown at the open at 11pm uk time im expecting a bullish week! .. but as usual we just react to current price in session and take the crumbs the big boys leave behind lets have a monster week like we did last week gold gang hit the like button if you BELIEVE catch you in london tommy
OANDA:XAUUSD
by tommyXAU
GOLD (XAUUSD): Updated Market Structure Analysis Gold is now trading within a rising, expanding channel on a daily time frame. Updating the ATH, the price perfectly respected its upper boundary and started a bearish movement from that. The closest strong support that I see is a demand cluster based on a minor broken trend line and a horizontal structure. The underlined blue area can be the first pit stop for the sellers. I will look for a pullback trade from there. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
6
XAUUSD i love manipulation!!! whats going on gold gang! lol what a crazy time to be alive gold making all time highs and then BOOOOM fell out of the sky hard in london close session yesterday .. luckily we caught some of it .. all the way back down to retest the old all time high (something we talked about previously) whats next?1 its alllll up in the air currently price very strong in asian session pushing us back into the middle of the range .. a retest of the trend to sell would normally be go to but that psychological 2500 still looms and people will be reaching for that ... need to see what london session brings to us!! lets strap in tommy
OANDA:XAUUSD
by tommyXAU
Trump, Fed Speculation Drive Gold to New Heights Trump, Fed Speculation Drive Gold to New Heights Gold price cleared the May 20 high of $2450 on Tuesday, as expectations intensify that the U.S. Federal Reserve will commence an easing cycle in September. Fed Chair Jerome Powell addressed the Economic Club of Washington this week, noting the economy's solid performance and signaling potential rate cuts once inflation trends towards the 2% target. The CME FedWatch Tool indicates near-certain odds of a 25-basis point rate cut in September, with many forecasting a total of 50 basis points in cuts through 2024. But one has to question the accuracy of these optimistic predictions. The next FOMC meeting is in 14 days. Adding to the upward momentum on gold is the potential election of former President Donald Trump in November. Trump's proposed policies, including tariff hikes and tax cuts, are anticipated to increase the U.S. budget deficit and spur inflationary pressures. Bullish momentum in gold appears intact, supported by the Relative Strength Index (RSI) on the daily chart. Although it is trending higher and approaching typical overbought conditions.
BLACKBULL:XAUUSD
by BlackBull_Markets