XAUUSD - Warrior Trading strategy (Ross Cameron Strategy)YouTube: Reading Candlestick Charts Was HARD Until I Learned These 3 SIMPLE Steps #1. EMA 9 - Black 20 - Blue 200 - Red #2. VWAP #3. Volume Green Red MACDby IsraelANY220
Gold Swing Setup Trade 18/May/24XAUUSD is on its final leg of leading diagonal pattern in wave (A)(Green). Waiting for confirmation in next idea for confirmed stop lost level before shorting. by SteveTan111
GOLD MARKET UPDATEHey Everyone, I don't to really have to say anything as the chart is doing all the talking!!! Our chart idea has played out perfectly with only our last target in the range to complete 2408, which was hit perfectly today completing this chart idea. Our targets gave us plenty of chances to get in for the entries form every dip using our weighted levels, as part of our plans to buy dips. BULLISH TARGETS 2365 - DONE 2379 - DONE EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS 2393 - DONE POTENTIALLY 2408 - DONE BEARISH TARGETS 2346 - DONE 2337 - DONE We will now come back once again on Sunday with our multi timeframe analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a smashing weekend!!! Mr Gold GoldViewFXby Goldviewfx2424133
XAUUSD Continuous UP TrendWe have important buying zones for gold: 1: From 2392 to 2380 with targets at 2444 and 2490 2: From 2367 to 2358 with targets at 2392 and 2422 3: From 2342 to 2332 with targets at 2372 and 2401 The closest scenario for me: Closing a four-hour candle below 2392 opens the door for decline to 2370, and stability below it with a four-hour candle opens the way to 2343.by Hejaaa5
Lingrid | GOLD potential BUYING Opportunity from SUPPORTThe price perfectly fulfilled my last idea. OANDA:XAUUSD played out nicely and hit the target. The release of new data triggered a surge in market, which ultimately broke above the previous high. This move also cleared the previous week's high, providing a clear indication of the market's upward momentum. Given that the market has reached the key resistance zone at 2400, I think it would be wise to wait for a pullback before anticipating the continuation of the bullish trend. I expect a correction towards the support area between 2363 and 2370, where we can look for confirmation of a buying opportunity with the aim of targeting the liquidity zone above 2400. My goal is the resistance zone around 2410. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby LingridUpdated 161677
GOLD ON A STRONG BULLISH CHANNEL HEADING NORTHGold has once again surged from the support level near the $2280 - $2290 region. This recent rally has established a robust bullish channel on the daily timeframe, pushing the price back to the significant resistance around $2410. We might observe a minor reversal within the channel before the price resumes its upward movement after the pullback. This continuation is anticipated to mark the completion of the 5th wave, which is expected to extend further to the upside.Longby traderchamp_6
GOLD - Buy after this pullback!Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled sooner or later, so do not FOMO in and wait for a proper retest. Then we can open a leveraged trade with a high probability of success and a high risk-to-reward ratio. From the Elliott Wave perspective, we have finished the WXYXZ corrective pattern, which is also great to see! We are starting a brand new impulse wave to the upside, so prepare your limit orders. It's time to buy gold again. The next significant resistance is the previous ATH. I do not really see anything special that is worth mentioning. Take only the best opportunities with a high success rate. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. Longby XanroxUpdated 1616108
How GOLD going to 2525$ ?Hello everyone Gold for this week still, the direction of gold is upward. There is only one zone which has a potential to bring gold back a little bit down which starts at 2424$ - 2436$ this zone can bring all down to 2387$, the zones of buying gold start at 2387$-2381$ and 2370$- 2366$ these two zones have a potential to rise gold to 2474$ I’m the second target maybe to 2525$ . this is only my analyses please do not risk with it.Longby MajdAbdolMajeed4
UKOILHello Traders My idea about OIL is Bullish To the targets After breaking the 82 $ and retesting the price the goals on the chart Good luck Longby akrmelo10Updated 7
XAU USDXAU USD wants to break support due to touching higher BB and if 15 m time frame candle makes enngoulfing confirmation to breaking 2414 zone it gonig to sell to 2401 then 2401 zone has strong support zone with high enrty bullish zone LOOK AT THE CHART if smth wasi forgettedLongby baad6734
GOLD (XAUUSD): Waiting For Breakout! 🥇 Gold closed this week, testing a resistance cluster based on the all-time high. Because the trend is strongly bullish, probabilities will be high that the market will violate that. I will be waiting for a daily candle close above the underlined red area to confirm a bullish continuation. The market may go much higher then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader1112
XAUUSD. Weekly trading levels 20 - 24.05.2024Not much has changed on Gold. We haven’t been to the top yet, there’s no data there. If we update the historical maximum, you can find out more in the Daily Gold posts. During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me! by Forex_Hoby4
🚀✨ Title: "Gold's Resilient Rally: Testing New Heights!" ✨🚀🚨✨ Breaking News: Gold's Remarkable Surge! ✨🚨 📈 Market Update: Gold has made an impressive move, hitting a high of $2419 today before pulling back to test the $2404 level. It has now rebounded and stands strong at $2416. 💪 Current Position: Gold is showing solid strength in the buy zone. Let's keep a close watch to see how this unfolds! 📊 Analysis: The bullish momentum remains robust. Will Gold continue its upward journey or take another breather? Stay tuned for the next exciting chapter! 🚀📈 Conclusion: Gold is in a powerful position, demonstrating resilience and potential for further gains. Keep your eyes on the charts! #GoldSurge #MarketUpdate #BullishMomentum 🚀✨📈Longby MrCharlie116
Hellena | GOLD (4H): Long to resistance area of 2402.809.Dear colleagues, I believe that the price will continue the upward movement to the resistance area 2402.809. This is the minimum target in case wave “5” turns out to be truncated. Before this movement, a correction is possible in the area of 50% Fibonacci level 2328.823. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 252540
Gold will continue to break through all-time highs Hello everyone. We can see that 2335 was a suppression point for gold in the early stage. After breaking through 2335 last week, it changed from suppression to support. This week I tested the support here at 2335 many times, but failed to fall. From the wave shape analysis, we can also see that gold is currently out of the fifth wave of gains. The top of the previous wave was at 2335, and the callback trend of the fourth wave was from 2378 to 2335. If the fourth wave does not break the top of one wave, then it proves that there will be a fifth wave of rise later. I have also drawn it in the picture. Once it is said that it will stand firm at 2360-65, then it will directly test the 618 position and the previous high of 2400. Once it effectively stands firm at 2380, the market outlook will go directly to the 100% position near 2400. At the same time, I have been buying gold today when gold fell back and broke through resistance 2355-2360.Longby RID_WKUpdated 1113
XAUUSD UPDATE (BULL+BEAR) Hey team Hope you are Enjoying our ideas and Analysis, Today we are monitoring XAUUSD Looking for Bullish+ BEARISH update (Prediction) GOLD → Are the bulls ready to break through 2430 and go GOLD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the global resistance of 2431 The market is bullish again, which was supported by economic news, mainly related to inflation. Technically, the gold is again interested in strong buyers after the correction phase, which ended at the moment of the beginning of the realization of the bullish pattern, as well as the confirmation of the bulls. In general, this movement can be continued, as the general background is favorable for the gold market In the coming week traders are interested in such news as: - Powell's speech on Monday - FOMC meeting minutes on Tuesday - Initial Jobless Claims on Thursday Resistance levels: 2418, 2431 Support levels: 2400, 2375 Technically, the price may test the ATH on Monday, but a bounce or a false breakdown may be formed afterwards, which will lead to a small correction. A quick retest of 2431 could lead to a breakout and further growthby MagickeyFX4
A Traders’ Week Ahead Playbook • Key event risks for the week ahead. • Nvidia’s Q125 earnings, a key driver of equity markets this week. • Fed speakers could move markets – Powell, Waller, and Jefferson in the spotlight. • US equity markets at all-time highs – fatigued, but well-supported. • Copper, gold, platinum, and silver are all on fire. The key event risks for traders this week We look ahead and eye the key event risk, where I would be paying particular attention to earnings from Nvidia, and speeches from Fed members Waller (he speaks 3 times this week), Jefferson and Chair Powell. We get UK, and Canadian CPI, and will keep a beady eye on the narrative out from the RBNZ meeting, which will keep rates hold but guide on the future direction of rates. We also get manufacturing and services PMIs in the US, UK, Australia, and Europe. UK CPI (due Wed at 16:00 AEST) could get the GBP moving – in either direction – with UK swaps market pricing a near 60% probability of a 25bp cut in the 20 June BoE meeting, and 55bp of cuts by December, and with core CPI expected to fall to 3.6% y/y (from 4.2%) and headline CPI eyed at 2.1% y/y, a lower-than-forecast CPI print could cement a June cut in the market eyes. For those wanting to trade GBP downside, short GBPNZD was the play last week, although, with the RBNZ meeting due on Wednesday, an extension of this trade has risk. Nvidia should beat but by how much? Q125 earnings from Nvidia could get the AI-related semis and the NAS100 firing up (or lower), and even set off moves across other markets too. When the options market prices an 8.6% move on the day of earnings, if this implied move proves to be correct, that’s a staggering $195b in market cap gained or lost in a likely 60-minute window. It would also equate to a -/+0.5% move in S&P500 futures in the after-hours session. We know Nvidia will likely beat the sell-side (investment banks) consensus estimates for revenue, EPS, and gross margins - they always do - but it’s the extent of the beat that matters. Q125 sales are eyed at $24.61b, with Q225 sales guidance expected to come in around $26.72b – one suspects they’ll need to hit us with sales of GETTEX:26B + for Q125 sales and GETTEX:29B for Q225 sales respectively, with CEO Jensen Huang with inspiring guidance to get this pumping like we saw in February. Fed speakers to watch out for The message last week from the Fed was one of patience and this message is likely what we’ll hear from Fed speakers this week as well. Chair Powell, Fed board member Waller and Vice-chair Jefferson will be the central focus here, and their views on inflation and policy could move markets, although broadly, markets feel comfortable with the current pricing of 43bp of cuts priced by December, and we see US 2yr Treasuries holding a range of 4.89% to 4.70%. Last week’s US CPI was encouraging and while this week’s US PMI data could move the dial, notably, if the services print were to surprise and pull below 50 (consensus is at 51.4) it could lift volatility and promote USD sellers. That said, it feels like the market is looking forward to the nonfarm payrolls print on 7 June as the next big piece of the macro jigsaw. US data has been missing the mark on a consistent basis since mid-April and that has led some to say the US economy is moving towards a ‘soft landing’ environment and away from a ‘no landing’ dynamic. Add in solid earnings beats and growth, a renewed belief in the ‘Fed put’ and a world with a huge appetite to sell volatility (the VIX now sits at a lowly 11.99%) - and we have the S&P500, Dow and NAS100 at all-time highs. This is a tough market for those in short positions for more than an intraday day trade, and those positioned for downside would be hoping that Nvidia disappoints in a big way. Nvidia are not a company I would typically bet against, so even though the various US indices look tired, the platform is set for further highs and pullbacks should be shallow. This is true of the HK50/CHINAH indices too, which have had another incredible week of gains. Data in China is lacking this week, so we are fully at the mercy of liquidity and flows. 20k is the near-term target for the HK50 index, but I would consider switching some of HK50 exposure towards the mainland equity markets and the CN50 index, which has broken out and outperformed HK equity on Friday. We’ll see if some of the goodwill towards China can spill over into the ASX200, which saw supply above 7850 last week – should the ASX200 kick through 7860 early I would be looking for a re-test of Thursday’s highs (7900) and even new all-time highs above 7910. Copper on fire The action continues to be in the metals complex – the space is red hot. Copper closed 4.1% higher on Friday, taking the gains for the week to 8.3%, and for the trend-followers and momentum traders, the daily chart is a thing of beauty. Many know the story on reduced copper supply, and those highly focused on the copper scene would be aware of the massive short covering seen in CME futures positioning since mid-February (-42k contracts to stand at +72k) and the widening premium of CME copper to LME copper to $1041 - but the move in copper is momentum 101 and discretionary and systematic players have had to chase. For FX traders, this move in copper remains a huge tailwind for the CLP (Chilean peso), where USDCLP has fallen 9.4% since mid-April. Market players chasing silver, platinum and gold The chase higher from various market players is also true in silver, which had its best week since August 2020, helped by a monster move of 6.5% on Friday, which took price through to the best levels since Feb 2013. Platinum has participated with an 8.8% weekly gain, while gold closed at a new closing high, and eyes the all-time intraday high of $2431.52 – a weekly close above here this week and the FOMO chase could be real. The question of exactly what is driving the gold move above $2400 is one we hear frequently. The fact we saw US real rates (i.e. US bonds adjusted for expected inflation) rise 3bp higher on Friday – typically a headwind for gold - yet gold rallied 1.6% details that there are other factors than rates driving gold flows – these include a broad base rally in metals, central bank buying, increasing Chinese gold holdings (relative to its international reserves), a hedge against ballooning government deficits; it’s all there and it seems we always have to pick a reasoning behind a move after the fact. I have little idea how anyone trades gold short-term from a purely fundamental standpoint. My view is to be a slave to price action, react, align with the short-term trend, and cut quickly when the move goes against you. Anyhow, another big week of market themes and risk to have on the radar. Good luck to all. Longby Pepperstone3
XAUUSD SETUP ON THE WEEKLYTechnical Analysis Recently we've seen GOLD resistances on multiple timeframes... The surge 3750.8 points on Friday was very crucial in breaking the resistance on the daily (2383.69). The weekly breaking the resistance at 2392.07 from 4 weeks back is a bullish move and since there is no much resistance level after 2392.07, GOLD should easily make a fresh all time high, and continue to move even higher. Longby Kabelo_Dale2
✅GOLD RISKY SHORT FROM ALL TIME HIGH🔥 ✅GOLD is trading in a Strong uptrend but the Price failed to reach the ATH level of 2431$ which Is also a resistance which In turn indicates that the Market is uncertain about The breakout so it is Likely that we will first See a bearish reaction on Gold from the resistance SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx114
silver Silver broke and tested resistance 1 in the Fibonacci channel. Its new target will be 1.618 Fibonacci resistance.Longby foxforex32
Strifor || GOLD-Week StartingPreferred direction: BUY Comment: For metals , all our previous targets were hit with a plus, both for gold and silver . If we talk about gold , we are trading near the historical high, which is always a key moment for any instrument. Against this background, it is largely better to refrain from trades and monitor. Most likely, the metal will try to renew itself to the maximum, but this will most likely require a pause or a preliminary rollback (scenario №1). In case of an unsuccessful breakdown of this maximum, one can count on growth, but closer to the level of 2343.869 (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!by Viktor_strifor_analyst114
The increase in gold prices, despite expectations for a decreaseDespite expectations for a drop in gold prices, the yellow metal will rise By examining the trend in the four-hour time frame, global gold has broken the resistance range of 2366-2350 upwards, and now this scenario is likely that gold will increase in price until the resistance range of the ceiling of the second ascending channel in the range of 2451-2473Longby arongroups5