Gold will return to the 205x mark in the shortest possible timeGold is having wave data up to 2054 so SELL, you should only SCALPING and prioritize BUY, this week will reach 205x.
The news will legalize the price line. If there are any changes, I will update further.
Short-term analysis by day:
Last night I saw Gold falling to the 2013 level.
Currently, I see that Gold is still slightly recovering in the area reacting to Ma. Around price 2017>2018
Today, Short Wave can still be a Surf Buy, but at Ma89 H4 and Ma34 in D1 still indicate Sell. I still mainly watch the big frames to determine the trend as well as the trend to trade.
Sell Gold around the region 2022>2026
SL 2028
City 2016>2008
Shortwave can still Buy
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"Gold is always risky"
=> Gold prices often reflect uncertainty and risk in financial markets. If there are any major fluctuations in international economic information or political situations, gold prices may increase due to increased demand for safe assets. Conversely, if positive news supports risks, gold prices may decline.
Xauusdsignals
XauUsd- Price prediction- 20 FebruaryIn my comment from yesterday, I emphasized the significance of the 2010-2015 zone as a crucial support level. As long as this level remains intact, the bulls maintain control of the market sentiment and price direction.
Despite experiencing a trading session characterized by low liquidity due to a bank holiday, the price exhibited a perfect reversal from this critical support zone. At the time of writing, it is actively testing the very recent high.
Should the price break through this resistance level, it could pave the way for further gains, potentially propelling it towards the already established classical zone at 2040. This breakout scenario suggests a potential uptrend continuation, with bullish momentum likely to strengthen in the near term.
GOLD (XAUUSD) Testing Supply Zone! What is Next?🥇
Gold is recovering after a strong bearish movement.
The price is currently testing an expanding supply area.
I believe that we will see a bearish movement soon.
The first goal for the sellers will be a retest of a local low 1992.
The second target will be 1980 major support.
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XAU/USD | New perspective | follow-up detailsAmidst the revision of the Consumer Price Index (CPI) numbers to accommodate new seasonal adjustment factors, the XAU/USD faced bearish pressure, culminating in a 0.50% dip, closing the week around the $2,025 area. This development has heightened focus on the upcoming Consumer Price Index (CPI) figures from January, as market participants seek insights for potential Federal Reserve (Fed) decisions.
Market participants are closely monitoring the Fed's actions, particularly as the soft CPI revisions appear to have provided some respite for officials contemplating rate adjustments. However, the strong Q1 growth predictions in the US market and escalating wage pressures within a tight job market suggest potential delays in rate cuts. Currently, the market sentiment indicates a shift from anticipating a cut in March to potentially expecting one in May. The forthcoming inflation reading will play a pivotal role in determining the timing of the easing cycle. Should the data support a delay in rate cuts, it could lead to further downside for the price of Gold.
In this video, we delve into the current market conditions from a technical standpoint, providing insights into understanding and interpreting these developments.
XAUUSD Technical Overview:
In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,025 zone, characterized by historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, a breach below the $2,025 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
GOLD (XAUUSD): Massive Breakout 🥇
Yesterday's US news turned out to be very bearish for Gold.
The market formed a high momentum bearish candle and violated
2 horizontal support and a major rising trend line, and successfully
closed below them all.
The broken structures compose an expanding supply zone now.
We may see a retest of broken structures with a consequent
bearish continuation.
Next support - 1979
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XAUUSD Last Bearish Leg for a February bottom.Gold (XAUUSD) has dropped again below the 1D MA50 (blue trend-line) and contrary to our last short-term signal (February 07, see chart below), we look today on a longer term monthly basis on the 1D time-frame:
As long as the price stays below the 1D MA50, it is very likely to see the current rejection transition into a Bearish Leg for the whole month of February and test the strong long-term Support cluster of the 0.382 Fibonacci level, Support 1 and the 1W MA50 (green trend-line).
This pattern expectation emerges due to the similarities of the current price action with what led and followed the May 04 2023 High. The 1D RSI in particular between the two sequences are identical and suggests that we might be on a Bearish Leg similar to June's 2023, which bottomed on a double Low on the Support Zone.
Our Target is therefore 1983 (0.382 Fibonacci). It's worth mentioning that all 1W MAs were Supports in the past 12 months, the 1W MA200 (red trend-line) on the October 06 2023 Low and the 1W MA100 (yellow trend-line) on the February 28 2023 Low. That makes the 1W MA50 very relevant.
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Gold- Break of support looks imminentOANDA:XAUUSD spent all of last week trading within a range between 2040 and 2020. As I explained in my analysis last Friday, as long as this range remains intact, we cannot determine a direction for the medium term.
At the time of writing, the price is precisely on the support level. However, considering the price action from Friday and so far today, it seems likely that we will experience a downside break. If this occurs, my target is the important support level at 1980.
XAUUSD SELL PROJECTION|DOGI+BEARISH SPINNING TOP 11.02.24Reason Behind Sell
1. Bearish Spinniing Top formed on Last Week Candle
2. Bearish Dogi Which makes short term Reveral of Uptrend
3. Double Top Formed and fibo Golden Ratio
4. Bearish Symmetrical Triangle Formed and breakout expected @ 2015
Overall Possible Outcomes
XAUUSD SELL @ 2030
TP 1 2016
TP2 2000
TP3 1980
SL 2053
GOLD (XAUUSD): Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold for next week.
Vertical Structures
Vertical Support 1: Rising trend line
Horizontal Structures
Horizontal Support 1: 2009 - 2014 area
Horizontal Support 2: 2001 - 2006 area
Horizontal Support 3: 1965 - 1977 area
Horizontal Resistance 1: 2055 - 2065 area
Horizontal Resistance 2: 2077 - 2088 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold prices take a nosedive as a buoyant US Nonfarm Payrolls (NFP) report throws a shadow of uncertainty over expectations for a Fed rate cut in May. The United States Bureau of Labor Statistics (BLS) recently released robust NFP data for January, revealing a surge in employment with 353K new hires, surpassing the consensus forecast of 180K and the 216K payrolls added in December. Despite market anticipation for a slight increase, the Unemployment Rate remained steady at 3.7%.
Adding to the market's jitters, Average Hourly Earnings exhibited a robust growth rate, surpassing expectations. The persistent strength in the inflation outlook has raised concerns among investors. The positive momentum in the labor market is anticipated to shift Federal Reserve (Fed) policymakers towards a more conservative stance, potentially leading to the extension of higher interest rates.
In the recent monetary policy statement, Fed Chair Jerome Powell emphasized the need for policymakers to gain greater confidence in the sustained return of inflation to the 2% target. This, coupled with the upbeat labor market data, has created an atmosphere of uncertainty, prompting a significant impact on gold prices.
XAUUSD Technical Overview:
In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,035 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, a breach below the $2,035 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
GOLD on the rally to collect liquidity? {09/feb/2024}Educational Analysis says GOLD XAUUSD may move in this range for some time according to my technical.
Broker - OANDAA.com
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because there are alot of liquidity with fair value gaps and recently it sweep liquidity to the upside, My analysis says it is going to go upwards for more Money, haha
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.
Gold- Bearish under yesterday's highIn my comment from yesterday, I argued that even if the price managed to break above the 2030 interim resistance, my outlook remains bearish.
During the trading day, bulls failed once again at the peaks and were unable to keep the price above 2040.
The rise from the 2015 zone is corrective in nature, and when considering the formation of a small head and shoulders pattern over the past two days, we may anticipate a continuation to the downside.
Confirmation, as explained yesterday, comes with a break below 2030. In such an instance, the focus shifts to the year's low and potentially extends to 1980.
As long as the price remains below yesterday's high, selling rallies is my preferred strategy.
XAUUSD Trading plan on 4H break-outs.Gold (XAUUSD) is technically neutral on the 4H time-frame, ranged within the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line). The 4H RSI is on a pattern which usually denotes a short-term peak, similar to January 19 and 12. We will apply a break-out trading plan.
As long as the price remains within a Channel Down similar to that of Jan 19 - 25, we will be bearish, targeting 2020. If the price closes above the Channel Down and Resistance 1 (2045), we will dump it and turn bullish, targeting 2065 (Resistance 2 and +2.47% from the Low, which is a standard rise % in the past 4 weeks.
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Gold Wednesday trend analysis
As shown in the figure, if the gold price breaks through the 2028-2030 range. Then I will choose to try to buy near 2020.
If gold rises in the 2028-2030 range, I will choose to sell in 2040-2045.
I still hold yesterday's sell order of 2038. The gold price in the past two days has been relatively boring. If there are good trading signals, I will actively share them with everyone. Please join me and follow my updates
Gold- Bears (and me) need the price back under 2030In yesterday's post, I mentioned my expectation for the price of OANDA:XAUUSD to continue its descent and test the year's lows around the 2005 zone. After an initial drop from the 2030 resistance, as anticipated, Gold broke above this level and reached a high of 2038.
Currently, my trade is experiencing a 30-pip loss, and despite being above the interim resistance levels at the time of writing, I maintain my bearish outlook and anticipate the price to retrace back below 2030. Technically, based on the chart analysis, 2030 now acts as confluence support.
My target zone remains around 2000, with potential expansion down to 1980.
Negation of this bearish scenario would occur with a daily close above the 2040 zone.
XAUUSD : Is gold likely to return to 2010?Gold fluctuated slightly as markets remained cautious in a week with few important data
Gold prices have not had many strong fluctuations as the market waits for new catalytic factors on the precious metal.
During the February 6 session, gold prices mainly traded in the range of $2,023 - $2,029 before rebounding to $2,036 at the end of the day when the USD's upward momentum slowed. Geopolitical tensions in the Middle East continue to be a concern as the US has increased its response actions against the Houthi rebels. Gold's resistance remains at $2,050 and support appears at $2,030.80. Gold is currently down slightly to $2,034.
Fed officials' speeches will remain the main mover for gold as investors maintain caution in a week without much economic data.
GOLD SELL HERE ON DIPS !!!HELLO TRADERS!!
Starting this week.
#GOLD IS NOW TRADING
in Down trend as we can see from many weeks its rejecting even geopolitical and many other fundamental's going on around the world but data is also show us coming thing which is important to trade on weekly based or daily based even scalps i can see as rejecting zone near 2030$ it make a fake put and then test sell zone area and then fall... right now DXY will be technically ranging until FOMC and post FOMC. Markets are awaiting the Fed word this week on whether they need to keep rates up higher for longer (DXY bulls and stock market bears) REALITY
OR
If they are still on a solid path to achieve 2% inflation and will give more rate cut discussions (DXY bears and stock market bulls) GREED OVERALL the Fed does NOT need to be aggressive or forceful with any monetary policy decisions as the heavy lifting on rate hikes has past and they do not want to falsely signal on rate cuts. My personal prediction is expecting Feds to be Neutral - Hawkish toned. Bringing the focus back that rates need to remain higher, no rate cut talks, no rate cut schedule, etc. As CPI has edged back up, PCE stagnant, policy lag effects not fully felt, Fed job not finished, cannot risk the 1970s Fed mistake of pivoting too early, Stock market at ATHs (correction would be very controlled in terms of price stability) and Fed speakers pushing back rate cut hopes I see a more neutral - hawkish toned FOMC.
But I can be completely wrong so adapt accordingly if so. its just an trade idea share your thoughts with us in comment session it help us all to trade #GOLD
The battle between the stocks market GREED vs data REALITY continues.................
if bulls stay in the market we will follow our prediction on
Gold buys have a look on that chart too its on 4H TF attached in comments
Gold could visit year's lowsAfter a week of erratic movements characterized by spikes both up and down, OANDA:XAUUSD bears succeeded in pushing the price below the 2030 median support level, reaching a low within the 2015 zone.
Subsequently, a reversal ensued, and the price has now rebounded above 2025. However, considering the new fundamental developments and the unlikelihood of a rate cut at the next meeting, Gold may encounter headwinds, potentially leading to further price declines and a revisit to the 2005 low.
Moreover, a break below this level would expose the significant technical support at 1980. The overall market structure remains bearish below the 2040 mark.