Xauusd4h
XAUUSD GOLD Technical Analysis and Trade IdeaXAUUSD GOLD has encountered a formidable resistance level. In the accompanying video, we meticulously assess various time frames, evaluating the potential for a bullish scenario. Our analysis delves into the intricacies of trend dynamics, market structure, and price action, offering insights for educational purposes exclusively. It is imperative to underscore that the information presented is intended solely for educational purposes and should not be interpreted as financial counsel.
Worryingly, gold has had an excessive increasePersonal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer to.
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Gold follows the trend around the price range 2176>2180
Sl 2175
TP 2186>2195
Continue spreading Sell GOLD small vol from 2>4 prices on the 219x area.
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Many analysts consider that, despite the fact that gold has skilled a sturdy week of will increase and could in all likelihood keep to boom withinside the close to future.
However, investors are involved that if the United States purchaser charge index record for February posted on March 12 will increase, expectancies of hobby charge cuts with the aid of using the United States Federal Reserve (Fed) will keep. keep to prolong.
Some specialists are expecting that inflation can also additionally upward thrust quicker than predicted as a right away end result of the spike in electricity costs. Experts warn that gold traders have to be cautious, a moderate boom withinside the inflation index may even motive gold expenses to lower withinside the quick term.
President Kevin Grady of Phoenix Futures and Options predicts that the approaching record will create fundamental fluctuations withinside the gold marketplace. Data will assist traders recognize extra virtually approximately whilst the Fed will reduce hobby rates.
According to the CME FedWatch tool, the marketplace is forecasting a 97% hazard that the Fed will hold the modern-day hobby charge thru the stop of March and a 70.5% hazard in May. However, the opportunity of the primary hobby charge reduce continues to be high. in June is extraordinarily high, presently at 71.5%.
Gold charge forecast
Last week, 14 analysts participated in Kitco News`s gold survey. Of which 43% of analysts are expecting that gold expenses will boom withinside the close to future. Another 14% of specialists consider that gold expenses will lower, whilst the ultimate 43% are expecting that treasured metallic expenses will circulate sideways.
Meanwhile, 296 votes have been forged in Kitco's on line polls, with the bulk of Main Street traders predicting similarly profits in gold expenses. Specifically, 173 retail investors, equal to 58%, assume gold to boom withinside the close to future. Another sixty seven people, equal to 23%, anticipated that gold expenses could lower, whilst the ultimate fifty six people, equal to 19%, had the view that treasured metallic expenses could cross sideways.
Gold rises to 2200?
Hello everyone. Gold has seen very extreme behavior recently. It has risen by $90 for three consecutive days. How does gold rise? He must fall just like this rise. This phenomenon is rare. Looking at the current trend of gold, most people are bullish. This is undoubtedly true. But beware of this being a trap laid by the main force for everyone. Because this week there will be Fed Powell’s speech, non-farm employment data and the US election. So it will have a huge impact on gold. These news and data can also cause trading difficulties for investors. So I will also share some of my trading signals here from time to time.
XAUUSD (Gold) Technical AnalysisXAUUSD Gold has recently surged to a level that corresponds with its previous all-time high. A careful examination of the daily chart reveals that the price has become significantly overextended. In our comprehensive video analysis, we delved into the prevailing trend’s price action and market structure. Notably, we explored the potential scenario of gold retracing to a discounted zone, specifically within the Fibonacci retracement levels of 50% to 61.8%. Should such a retracement occur, it could present an attractive buying opportunity for traders.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading in financial markets involves inherent risks, and past performance is not indicative of future results. Before making any investment decisions, consult with a qualified financial professional and consider your risk tolerance, investment objectives, and market conditions. The author and any associated parties shall not be held liable for any losses incurred based on the information provided in this analysis.
Not yet enter yet, Wait for sweep to go down. {4/03/2024}Educational Analysis says XAUUSD may move in this range for some time according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity.
So Waiting for the market to get liquidated and start to shoot down.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
XAUUSD: 900 Pips Buying Opportunity! One not to miss! OANDA:XAUUSD price breakthrough 2060$ area and now touched 2080$ region, price rejected where there are equal highs surrounded. Now we expect price to fill the liquidity void area and then continue the bullish trend up until 2150$ which is around 700 to 900 pips move. Let’s see how it works out.
Comment down your views!
Gold prices fluctuated in a narrow range as the market anticipatGold upward push 0.1% to $2,025.eighty an oz., whilst gold futures expiring in April rose 0.2% to $2,035.15 an oz. through 00:15 ET (05:15 GMT). Both gadgets are predicted to feature approximately 0.7% this week after falling as a whole lot as 4% over the last weeks.
Bullion fees have additionally remained constant withinside the buying and selling variety of $2,000 to $2,050 according to ounce visible for maximum of 2024 so far.
Expectations for an early hobby charge reduce will regularly lower withinside the context of Fedspeak persevering with to specific its tightening stance.
The outlook for gold stays gloomy as a chain of alerts display that the marketplace keeps to rate in an early hobby charge reduce through the Fed.
XAUUSD Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame
Break of Structure and Retracement
Rejecting from Demand Zone or Fibonacci Level - 38.20%
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
RSI - Divergence
xauusd goldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " ABC " Corrective Waves and " 123 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
It will reject from Fibonacci Level - ( 38.20% / 50.00% ) or Previous Resistance