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Xauusdforecast

XAUUSD: 1HR VIEW Targeting $2300! Second Entry UpdateDear Traders, Price has shown some strong bearish pressure as it failed to go beyond 2408, where it ranged for entire London and New York session. We waited until now to have some strong confirmation of how price may move. We are now confident enough to have a bearish outlook on Gold. If you like the idea then like and comment. Previous idea is running +400 pips. Keep supporting and good luck to everyone. Trade safe.
OANDA:XAUUSDShort
by Setupsfx_
16
COCOA LONG THEN SHORT 08/08Hello everyone, It seems like we might have reached the end of the uptrend, considering external factors and technicals such as a growing RSI on the high scales indicating a change of direction very soon. However, it seems that there will be a gap or a downfall at first as usual, then a moderate uptrend which will start to collapse around 16/17h, when the liquidity it at its prime. We advise you to not open any position past this time because the end of a trend with Cocoa can get very ugly things. Hope to help you tomorrow with this, may the Lord be with us.
PEPPERSTONE:COCOALong
by edl75
Gold Wednesday Trading Strategies and Signals #xauusd Today is Tuesday. August 7. Gold fluctuated smoothly yesterday. There were very strong rebounds at multiple previous resistances. So today our trading settings also continue yesterday's smooth gold settings. Whether buying or selling, we can participate and make profits when the resistance area is reached. Buy: 2380-2383 Yesterday's gold starting point 2368-2372 The rising position of multiple trading days 2349-2353 Buy and hold after reaching. Sell: 2402-2404 Try or don't try. The signal is very weak. 2412-2416 Yesterday's resistance area 2426-2430 Sell when the price is reached Trade according to this trading range, and make a profit of 30-60-90pips each time. You will slowly accumulate your principal. I wish you all a smooth transaction. If you make a profit according to my trading strategy, please give me a thumbs up and join me
FX:XAUUSDShort
by MaudEvans
XAUUSD: Get ready for a gold reboundOANDA:XAUUSD Yesterday, financial markets plummeted due to recession fears, but today global stock markets and stock index futures are rebounding. Gold, despite its drop, is expected to bounce back as a safe-haven asset. Interest rate futures have almost fully priced in a 50 basis point rate cut by the Fed in September Once recession risks are mitigated, gold's liquidity will make it a top safe-haven choice, especially as purchasing power declines. Additionally, ongoing geopolitical crises will keep influencing gold prices Technically, 2420 is a key level. Breaking it could open up more upside potential. If not, the downtrend may continue. The 2380-2360 area is strong support; if it holds, prices may rise again, but if broken, further downside is likely If you have different views or questions, let's discuss the latest insights on GOLD
OANDA:XAUUSDLong
by AntonyTP
3
Gold prices enter a recovery period and the plunge is overOANDA:XAUUSD Against the backdrop of concerns about economic recession, global assets are experiencing a sell-off. But as a safe-haven asset, shouldn't gold rise? Instead, it followed the sharp drop of $100. This situation is very abnormal, so I don't think gold will continue to fall. Once investors calm down and look back, gold will soon highlight its safe-haven characteristics. The market now believes that the probability of the Federal Reserve cutting interest rates by 50 basis points in September is 90%, and the US dollar index is also falling, and the probability of gold prices continuing to fall is shrinking. And the Middle East geopolitical crisis has not yet passed, and you don't know when it will break out again, leading to rising risk aversion. Under the above multiple premises, we should not be overly bearish on gold Technically speaking, 2420 is a watershed, which has already highlighted its importance in the previous trends that have served as resistance and support many times. Once it breaks through, it will open up room for growth. On the contrary, gold will maintain a low-level oscillation pattern, because such actions will be carried out after a big drop or a big rise. The main support area below is 2380-2365. Be prepared to sell if it falls below. ★Welcome to share your views and questions below, let's discuss TVC:GOLD 's latest ideas
OANDA:XAUUSDLong
by AntonyTP
3
Gold prices can be long now. Yesterday, before the gold price closed, I suggested to continue going long on gold today. Today, the gold price market is in line with expectations again. At the same time, the market released a signal that is good for gold. The gold price hit the position near 2397 again. It has not yet broken through 2400. But Eddy believes that it is only a matter of time before it breaks through 2400. At present, the gold price remains around 2390. Short-term long positions can be carried out below 2386. Investors with sufficient funds can consider entering the market in advance. COMEX:GC1! FOREXCOM:XAUUSD TVC:GOLD TVC:DXY
TVC:GOLDLong
by Eddy_Wealth
COCOA LONG MONDAY 05/08Our team of experts posts our first official forecast for our most well known asset, COCOA, with a good start because it seems that it is fully going up. Because of technicals, weather and cocoa data analysis, even though the small red area at the top might reject the price if it gets too high, it seems that it could go up to 8500/600 before the closure tomorrow night. We drew the green semi circle to show you the global movement towards the next days, even though Cocoa stays really volatile. Our advice is to buy at the opening, there might be a very little drawdown but for the 15 first minutes maximum, so buy as soon as it opens until 17/18 without any risks.
PEPPERSTONE:COCOALong
by edl75
#XAUUSD60 Gold breakout, a new peak emerging?Assessment of the European - American session trend on August 2, 2024: In the Asian session, there was a double peak sweep in gold, affecting our trading plan significantly. The trading trend in the European-American session is still BUY. Today is the 6th day of the W candlestick pattern, with many news events strongly impacting the market. There are two possible scenarios: 1. Gold will have a slight correction from 2468 to the range of 2453-2458 before continuing to rise strongly. 2. Gold may experience another double peak sweep to fill the liquidity area of 2410-2413 due to news events and then rise strongly again. Gold may reach 2484 or form a new peak, which is entirely possible. However, price levels to watch are 2420-2413 and 2453-2458. Recommended orders: Plan 1: BUY XAUUSD zone 2453-2455 SL 2449 TP 2458 - 2468 - 2495. Plan 2: BUY XAUUSD zone 2410-2413 SL 2407 TP 2416 - 2430 - 2473 - floating.
FX:XAUUSDShort
by wetdyerap