GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Xauusdsignals
GOLD (XAUUSD): Bullish Outlook Explained 🥇
Gold nicely respected a key horizontal support on Friday.
The price formed a tiny double bottom formation and violated its neckline
during the NY session.
We can anticipate growth on Monday.
Goals: 2050 / 2055
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XAU/USD | GOLDSPOT | New perspective | follow-up detailsOver the past week, the price of Gold has been fluctuating between $2,000 and $2,035. This is because buyers seem to be taking a break, indicating a neutral to bullish outlook on the daily chart. Furthermore, the USD's recovery, driven by market adjustments related to the Federal Reserve and the resilience of the US economy, is putting pressure on the price of Gold.
Despite soft Personal Consumption Expenditures (PCE) figures from the US in December not causing a significant market reaction, there is anticipation surrounding the Fed's upcoming meeting. Currently, the markets have shifted their expectations for the start of the easing cycle from March to May, but the Fed's stance could alter these expectations. While US economic data remains strong, the Fed could use trends in core PCE to justify implementing rate cuts.
The Gold price (XAU/USD) is expected to see changes following the release of the US Core Personal Consumption Expenditure – Price Index (PCE) report for December, which indicates a slower pace of price growth than anticipated by market participants. Annual underlying inflation data has slowed to 2.9% from an expected 3% and a previous reading of 3.2%.
Fed policymakers are facing a balancing act, considering robust economic indicators such as consumer spending, the labor market, and Gross Domestic Product (GDP). These factors could support arguments for higher interest rates in the first half of 2024.
Given the uncertainties, how do we plan to strategically position ourselves for the upcoming week? I have a strong sense that we may experience significant market movement in the coming week.
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 $2,000 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 $2,000 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.
XAUUSD is still Bearish long-term and this is why.Following the two day price surge after the Fed kept the Interest Rates unchanged and communicated their intensions of being in no rush to cut rates, we believe it would be beneficial to look Gold (XAUUSD) from a long-term perspective again and in doing so, we are updating our December 27 2023 (see chart below) comparison between the 3 Cycle Tops since August 2020:
As you can see, we were spot on with shorting the rejection on the 0.618 Fibonacci level (which was the case on the previous 2 Cycles (their first Lower High)) but even though the price did break below the 1D MA50 (blue trend-line), the recent 2-day rise is delaying the 1975.00 Target (Support 1).
However Gold is not completely unfamiliar to this as during September 2020, the price made several Lower Highs as well, before hitting Support 1. The 1D RSI break-out sequence above the Falling Wedge, confirms this exact expectation that Gold may trade sideways for as long as a month before a new Lower Low.
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Xauusd buy now guy's use this analysis confirm Chart As observed on the daily chart, Gold price confirmed an upside break from a month-long symmetrical triangle formation after closing convincingly above the falling trendline resistance at $2,036 on Wednesday.
The 14-day Relative Strength Index (RSI) indicator points north above the midline, suggesting that there is enough room for the upside.
Traders have paid little attention to the Bear Cross validated on Tuesday after the 21-day Simple Moving Average (SMA) crossed the 50-day SMA from above on a daily closing.
With the bullish bias likely intact in Gold price, the immediate strong resistance is seen at the previous day’s high of $2,056, above which the December 12 high of 2,062 wil be tested. Further up, the $2,070 round figure could challenge bearish commitments.
Xauusd buy now 2038 limit trade 2034
Confirm Target 2055
Always follow the trend
Gold traders are waiting for the FEDIn my commentary from yesterday, I mentioned that as long as the price remains above the 2015 support zone, bulls hold the upper hand, and OANDA:XAUUSD could rise, potentially breaking above the 2040 resistance level. Indeed, this occurred.
However, strong volatility ensued following the break, and buyers were unable to maintain the price above this level. Gold remains in a state of uncertainty, between support and resistance for now...
Today's press conference from the Fed could shed some light and provide insight into future medium-term movements.
From a strictly technical standpoint, as I explained yesterday, the outlook is bullish, with a daily close above resistance serving as confirmation.
In such a scenario, I anticipate a continuation towards the 2080 zone.
GOLD (XAUUSD): Fed Rate Ahead! Your Plan:
Do not forget that today we are expecting FED interest rate decision and press conference.
Gold will most likely react strongly to this news.
Here are the potential scenarios.
Bullish
The market formed an ascending triangle formation on a daily,
it is currently testing its neckline.
If the price breaks and closes above that, it will be a strong
bullish signal that will push the prices at least to 2054 level.
Bearish
There is a strong rising trend line that the price is currently respecting.
Its bearish violation and a daily candle close below will be
a strong bearish signal.
The market may drop then all the way down 1978 level.
Wait for the news release and then wait for a breakout, it will give you a strong confirmation.
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Gold fabricate Buying PressureGold is on killing spree towards sell since January 8 as almost 5 attempts t0 break $2038 - $2042 cluster on resistances AS now we have 2 options for todays session.
1- if the $2042 break properly then next targets will be $2052,$2060.
2- if again it retraced back as clearly in D1 timeframe next bearish cycle remains valid and our targets will be $1982 for medium term targets.
our targets $2020
$2010
$2000
XAUUSD 4H MA200 and to of Channel Down Sell.Gold (XAUUSD) is about to test the 4H MA200 (orange trend-line) for the 4th time in 10 days having already 3 failed bullish break-out attempts (all 4H candles broke but failed to close above it). At the same time, all this price action is being done at the top (Lower Highs trend-line) of the 1-month Channel Down pattern, which strengthens the sell sentiment.
Technically since the December 03 2023 All Time High (ATH), the metal has been on a neutral medium-term trade within a Resistance and a Support Zone, the latter being the ideal target at the moment. Every Lower Lows leg of the Channel Down has been approximately -3.00%. Since we have a Diverging Lower Lows trend-line involved this time, we will target 1983.50, marginally above the top of the Support Zone.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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GOLD (XAUUSD): Detailed Technical Outlook 🥇
Gold is trading in a minor bearish trend on a daily.
Lower highs are perfectly respecting a falling trend line.
After the last test of that, the market started to consolidate on a 4H time frame
within a horizontal range.
Bearish breakout of the support of the range is an important sign of strength of the sellers.
We can anticipate a further decline next week.
First goal will be a current local low - 2006.
If the price violates that, we can expect a movement lower at least to 1990 level then.
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XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold's recovery near $2,030 persists as the US Dollar adopts a sideways trend. Despite a less convincing pullback in Gold, traders have tempered expectations for a Fed rate cut in March. While the precious metal has rebounded significantly amid escalating Middle East conflicts, the short-term outlook remains cautious due to limited upside potential, influenced by diminishing bets supporting an interest rate cut from the Federal Reserve (Fed.)
Uncertainty surrounds the US inflation outlook as price growth gradually recedes, counterbalanced by a robust economy fueled by strong household spending. This dynamic adds pressure to inflation and reinforces the likelihood of the Fed maintaining a restrictive monetary policy stance for an extended period.
The upcoming monetary policy meeting on January 31 is anticipated to see the Fed holding interest rates steady in the range of 5.25%-5.50%, marking the fourth consecutive time. Market attention will shift to the Fed's commentary on fitting the expected three interest rate cuts within the remaining seven policy meetings of 2024. Notably, Goolsbee highlights the necessity for further declines in housing inflation for a sustained reduction in price pressures, cautioning that inflation reversals could prompt rate hikes.
How will we navigate this market environment in the coming week?
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 $2,005 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 $2,005 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): Intraday Bearish Setup 🥇
We got 2 peculiar breakouts on Gold.
As you know, the market was consolidating for roughly 1 week.
Consolidating, the price formed a triangle and a horizontal range.
We see a breakout of both the support of a triangle and the range.
It confirms the local strength of the sellers.
The price may drop to 2006 support.
❤️Please, support my work with like, thank you!❤️
XAUUSD : Waiting for the interest rate decision of central banksGold prices stabilized as the market awaited the meeting of major central banks this week.
After last week's decline, gold prices are stabilizing as the market awaits central banks' interest rate decisions and upcoming economic data with resistance currently located at $2,040. In case the resistance cannot be overcome, gold could be pushed towards the $2,005 support level. Currently, gold is slightly down to $2,027.
In the long term, gold will be boosted as the Fed cuts interest rates and geopolitical tensions continue to linger.
Gold ETF fund activities:
The SPDR Gold Shares fund had no action on January 23. The fund's holdings remained at 858.93 tons.
Currency:
DXY continues to be supported as the market discounts the Fed rate cut, pushing EUR, GBP, and AUD lower. The upcoming interest rate decisions of the ECB and BoJ could create volatility for major currency pairs.
xauusd: Will gold reach 1900?Hello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Gold has continued its downward trend this week, with further pressure expected due to the renewed rise in DXY. Personally, I anticipate another decline in gold, so my trading advice for the near term is to wait for an upward movement before continuing to short.
Key resistance levels to watch are 2040-2050-2060. Scaling in short positions can be considered upon reaching this area, with target zones focused on 1980-1960-1940.
I update market analysis daily and also send accurate trading signals within Luke's group to help ensure the long-term stability and profitability of your account. Don't miss out!
GAZA ceasefire for 1 month? xauusd will sideways?Gold today. Let's continue to sell, everyone. Today's Price Range I will enter according to Frame D1 and H4.
> Today's selling rhythm I will wait around the price range 2032>2038
SL 2040
City 2024>201x
>In the Buy zone, you can buy according to RSI. Because the current price range is quite balanced between buyers and sellers. But on the large frame, I still see the same Gold with a deep decrease of 199x.
>If you don't understand, you can watch today's video again. I analyze the trend quite clearly 😊 😊
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Sources reveal: All parties in Gaza are brokering a month-long ceasefire!
1. Israel and Hamas have agreed in principle to a one-month ceasefire plan that would see Israeli hostages exchanged for Palestinian prisoners. However, the plan still leaves disagreement on how to permanently end the war in Gaza.
2. Mediation efforts, led by Qatar, the United States and Egypt, have focused on releasing Israeli hostages in phases, starting with civilians and ending with military personnel.
3. Despite some progress, reaching a final agreement still faces many obstacles, especially regarding the conditions for a lasting ceasefire.
4. Hamas is seeking an overall "deal package", while Israel wants to conduct negotiations in stages. Hamas demanded guarantees that the second phase of the deal would be implemented before agreeing to an initial ceasefire.
5. Israeli Prime Minister Netanyahu is facing pressure to reach an agreement, especially from members of the government and the families of the hostages.
6. The United States, along with Qatar and Egypt, is pushing for a ceasefire, and the United States has pledged to support a longer "humanitarian standstill."
7. Most recently, negotiations have focused on releasing all hostages, providing humanitarian assistance to Gaza, and releasing Palestinian prisoners.
GOLD (XAUUSD): Important Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Horizontal Structures
Resistance 1: 2054 - 2064 area
Resistance 2: 2077 - 2088 area
Resistance 3: 2142 - 2148 area
Support 1: 1964 - 1980 area
Support 2: 1931 - 1938 area
Vertical Structures
Vertical Resistance 1: Rising trend line
Consider these structures for pullback/breakout trading.
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GOLD XAUUSD Trade IdeaLooking at GOLD XAUUSD on a 4H chart we can see a bearish break off structure with a series of lower lows and lower highs with the exception of a previous liquidity run. Given the trend I'm looking for a short opportunity with targets at the current price swing low and previous swing low as shown on the chart. This information is for educational purposes only and not to be considered financial counsel.