XAUUSD 4H UPDATES LONG...…GOLDHello Traders, am looking a LONG @ 2150.00 Level and hold my Position until l see a change of character on One hour Chart...….bye
Xauusdforecast
XAUUSD Gold Pair : XAUUSD ( Gold / U,S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame and Short Time Frame
RSI - Divergence
Break of Structure
Completed " 1234 " Impulsive Waves
Gold may fall to 2050 again if Fed doesn't cut as expectedGold has rallied strongly for a month. However, with market participants in
doubt about Fed's interest rate decision, Gold's rally has come to an end.
In fact, in the last few trading days, Gold has declined continuously. The impulse
and price action of the decline suggests that the fall may not be over yet.
If the Federal Reserve doesn't cut rates as much as the market is expecting, Gold
may continue to fall to 2100 and even 2040 level. Our preferred approach
is to sell the rallies in Gold.
Gold prediction nowadays March 15A destroy under the 2023 excessive at 2146 could threaten a deeper correction withinside the multi-week uptrend closer to the 38.2% retracement of the every year rally at 2114 - search for a response Greater reaction there If achieved. The broader upside invalidation is now raised to the 61.8% retracement/2020 swing excessive at 2065/75.
Break of weekly top/near above 2180 is wanted to mark resumption of uptrend with similarly resistance objectives concentrated on distinguished slope confluence near ~2220s and 100% Extension of upside greater extensively in 2022 at 2277 .
GOLD START OF A BEARISH RUN!?This week, I'm eyeing shorting opportunities in Gold. After witnessing strong bearish momentum last week, I anticipate further downward movement to breach nearby lows, which are acting as liquidity points. Additionally, I've identified two nearby supply zones from which I expect price reactions.
I'll exercise patience as I wait for price to test the lows and subsequently retest the supply zones. Once I receive confirmation on lower time frames, I'll consider initiating sell positions to potentially ride this emerging temporary trend in the coming weeks.
My confluences for GOLD sells are as follows:
- Gold has lots of imbalances below that need to be filled from previous rally.
- Lots of liquidity to the downside in the form of trend line and asian lows.
- Two nice supply zones left near current price that we can potentially sell from.
- In order for price to continue bullish price must retrace back down.
P.S. In the case of gold, there's abundant liquidity on both sides, particularly with numerous Asian highs yet to be taken out. It wouldn't be surprising if price consolidates until Wednesday, when we anticipate the FOMC to significantly impact market movements.
Have a great trading week everyone!
BABY GOLD . TIME TO FALLGold has grown enough and in my opinion, it needs a little price correction
WHAT YOU THINK GUYS ?
GOLD DOUBLE BOTTOM BUY Here on XAUUSD gold has mad made a double bottom on 1hr showing that is going to buy and Elliote wave predict buy also so going for LONG is needed and targeting profit should be around psychological level of 2210.000
XAUUSD Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12 " Impulsive Waves
RSI - Divergence
Consolidation Phase
Bearish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
XAU/USD | GOLDSPOT | New perspective | follow-up detailsThe Gold price (XAU/USD) surges to a new record high above $2,180 as yields on 10-year US bonds dip to 4.04% following the release of the US NFP data.
According to the US Bureau of Labor Statistics, the Unemployment Rate climbed to 3.9%, exceeding expectations and up from the previous 3.7%. While Nonfarm Payrolls for February surpassed projections at 275K compared to the anticipated 200K, they still fell short of the previous reading of 353K.
Expectations for inflation have cooled as Average Hourly Earnings grew slower than anticipated by market participants. Monthly wages saw a modest 0.1% increase, contrasting with the 0.6% rise in January. Investors had predicted a 0.3% growth in wage, but annual wage growth slowed to 4.3% from both expectations and the prior reading of 4.4%. January's wage growth was revised downward from 4.5%.
The combination of sluggish wage growth and a high jobless rate has intensified selling pressure on the US Dollar.
During his congressional testimony, Jerome Powell highlighted that policymakers are nearing confidence in the return of inflation to the 2% target. He acknowledged the necessity of easing the current monetary policy stance to avert an economic downturn. The rally in Gold prices suggests that investors are buoyed by Powell's slightly dovish tone, anticipating earlier rate cuts.
As we gear up for the upcoming week, this video will delve into our strategic approach to navigating the evolving market dynamics from a technical perspective.
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 $2,143.50 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, the appearance of a reversal pattern or a breach below the $2,143.50 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
#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 Trade Idea Gold Market Trade Idea: Descending Triangle Breakout
📉 Pattern Overview :
The descending triangle pattern is typically considered a bearish continuation pattern. It is characterized by a flat lower trendline that acts as support and a descending upper trendline that indicates lower highs. This pattern suggests that sellers are more aggressive than buyers, leading to a potential breakdown below the support level¹².
📐 Current Observation:
Gold has been forming a descending triangle, indicating a consolidation phase with a potential for a downward breakout.
💡 Trade Strategy:
Entry Point: Look for a strong break below the support level with increased volume as a confirmation of the pattern completion.
Stop Loss: Set a stop loss just above the most recent lower high within the triangle to limit potential losses.
Take Profit : Measure the height of the triangle pattern at its widest part and project this distance downward from the breakout point to estimate the take profit target¹.
📊 Risk Management:
Ensure proper risk management by not risking more than a small percentage of your trading capital on this single trade.
🔍 Keep in Mind :
While the descending triangle pattern suggests a bearish outlook, be aware of potential false breakouts. It's crucial to wait for confirmation before entering the trade.
Remember , this is a trade idea based on technical analysis patterns. Always consider the latest market news and fundamental analysis before making any trades. Happy trading!
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XAU/USD 15 March 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains unchanged from yesterday's 14/03/2024) analysis
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a swing BOS and subsequently a bullish iBOS.
Bearish CHoCH has been printed.
We are now trading within an internal range.
As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed.
Bearish iBOS will provide confirmation that pullback is underway.
Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback.
Price did try to target weak internal low, as per my comments made yesterda however, we saw price react at an M15 POI.
Intraday expectation is for price to react again at 50% EQ, which price is currently doing, or react in premium of 50% EQ, before targeting weak internal low.
M15 Chart:
Gold: The Timeless Asset of ChoiceIn the world of investments, gold has retained its allure through centuries as a safe haven and store of value. Its enduring appeal transcends cultures and generations, offering stability amidst economic uncertainties. As financial markets fluctuate, gold stands as a reliable hedge against inflation and geopolitical turmoil. Beyond its monetary value, gold holds cultural significance, symbolizing wealth, prosperity, and prestige. Whether in times of prosperity or crisis, gold remains a steadfast asset, providing reassurance to investors worldwide.
XAUUSD fee nowadays March 14, 2024 plummetedXAUUSD these days March 14, 2024 withinside the international became to boom once more after a consultation of decline. SJC gold bars and gold rings, after a consultation of decline, face the danger of falling similarly if the State Bank takes intervention measures. Finance Banking Gold fee these days March 14, 2024 plummeted, approximately to fall similarly? Manh Ha • Gold fee these days March 14, 2024 withinside the international became lower back up after a consultation of decline . SJC gold bars and gold rings, after a consultation of decline, face the danger of falling similarly if the State Bank takes intervention measures.
Gold fees fall earlier than statistics from the USGold charges fell 0.2% to $2,171.06 an oz, at the same time as gold futures expiring in April fell 0.3% to $2,175.35 an oz with the aid of using 01:27 ET (05:27 GMT).
Bullion charges rose to a report excessive of around $2,two hundred an oz on the begin of the week, however noticed speedy consolidation after hotter-than-anticipated patron fee index information introduced again issues approximately excessive hobby prices. . market.
The sturdy CPI analyzing indicates a shift in attention to approaching readings on PPI inflation and retail sales, due out in a while Thursday. Both are anticipated to steer the Federal Reserve`s hobby fee outlook.
The information additionally got here in advance of subsequent week's Fed meeting, in which the valuable financial institution is broadly anticipated to hold hobby prices consistent and signaled no on the spot plans to start easing policy.
A collection of Fed officers have warned that hobby fee cuts may be in large part decided with the aid of using inflation withinside the coming months.
Other valuable metals consolidated in advance of upcoming information. Platinum futures fell 0.4% to $942.forty five an oz, at the same time as silver futures had been consistent at $25,one hundred seventy an oz.
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement
RSI - Divergence
Break of Structure
Completed " 1234 " Impulsive Waves
GOLD TRADE IDEAHere's a trading idea for gold, considering the 30-minute candlestick pattern and the upcoming important economic data release:
Gold Trading Idea: Navigating Economic Data Release
Observation :
- The 30-minute gold chart has formed a significant candlestick pattern, which traders should monitor closely as it may indicate potential market movements.
Strategy :
1. Entry Point: Observe the market reaction to the upcoming economic data. If the data is positive and gold breaks above the pattern, consider a long position. Conversely, if the data is negative and gold breaks below the pattern, consider a short position.
2. Stop Loss : Place a stop loss at a level that invalidates your trade hypothesis, typically beyond the pattern's extremes.
3. Take Profit: Set a take profit target that aligns with previous support or resistance levels, or use a risk-reward ratio of at least 1:2.
4. Risk Management: Given the volatility expected from the data release, maintain strict risk management protocols and do not risk more than 1% of your capital on the trade.
Rationale :
- Candlestick patterns can provide insight into market sentiment and potential reversals or continuations.
- The release of significant economic data can cause heightened volatility and directional moves in the gold market.
Note :
- It's crucial to wait for the data release before entering the market, as it can significantly impact gold prices.
- Be prepared for increased volatility and ensure that your followers are aware of the risks associated with trading around economic data releases.
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This idea is based on technical analysis and should be used in conjunction with your own research and risk management strategy. Always stay informed and adjust your trades accordingly. Happy trading! 📊📈
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