Get started

J-XAU

Last Leg XAUOverall uptrend still needs a leg to complete its wave. Considering higher lows of around -10%, the recent drop is the 4th point in our Elliot Wave analysis. Last leg is to form the head and shoulders, synonym of long term tops. I think the focus will be towards currencies, with countries focusing on Trumponomics, strengthening currencies for the dollar against tariffs. PBOC just reached an ATH in their gold hoarding. Dollar itself might feel some headwind, because of the recent rise in DXY, a cool down soon is expected with my lower yields analysis. This would go well with foreign currencies reaching up while some headwind causes the USD to lag. Let's see
EIGHTCAP:XAUUSDLong
by Osmanomics
All Stars Aligned: Bitcoin, Gold, Fiat, and DebtThis post explores the idea that Bitcoin, often referred to as "digital gold," might one day replace gold as the preferred store of value. Gold’s price (shown in yellow) has traditionally been sensitive to inflation, which is influenced by money printing, as indicated by the US M2 money supply (shown in white on the chart). Geopolitical and economic insecurity also drives demand for gold, the "safe-haven" metal. To add further context, I've also included US debt (shown in red). The chart reveals that the market seems to have found some form of equilibrium at current levels, with gold’s price finally tracking the M2 money supply and debt parameters closely. Interestingly, Bitcoin (shown in orange) has mirrored this behavior in a similar fast-paced manner. Around the $3,000 mark for gold and near $100,000 for Bitcoin, both assets are aligning with the money supply and debt trends. This suggests that any further price increases could be limited unless additional money is printed or debt increases. Of course, a Black Swan event could disrupt this equilibrium at any time. I also used TradingView’s Correlation Coefficient tool to examine the relationship between Bitcoin and gold. The correlation is impressively high at 0.87, indicating an almost perfect alignment between the two assets. The chart supports the idea that Bitcoin is tracking gold closely, strengthening the notion that Bitcoin could indeed be positioning itself as the "digital gold" of the future. Let me know your thoughts in the comments below!
CRYPTO:BTCUSDEducation
by aibek
Potential bearish drop?The Gold (XAU/USD) is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 2,666.69 1st Support: 2,529.22 1st Support: 2,529.22 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
1
Gold can exit from pennant and rise to 2700 pointsHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from the support line and later dropped to the resistance level, which coincided with the seller zone. After this, the price made impulse down to the support line, breaking the 2720 level, and then tried to grow, but failed and continued to decline next. Then Gold reached the support level, which coincided with the buyer zone, and broke it too, after which Gold dropped to the support line. Next, the price turned around and started to grow inside the upward pennant, where it soon reached the 2615 level and even broke it one more time. After this, XAU continued to grow until it reached the resistance level, which coincided with the resistance line of the pennant, and then turned around and made a correction movement. Price fell to the support level, some time traded near this level, and then rose to the resistance line of the pennant, but later it rebounded and fell back to the 2615 support level. Recently it started to grow and at the moment I think that the price can correct to support line and then rebound up, thereby exiting from the pennant pattern. Next, Gold will continue to grow, so, I set my TP at 2700 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
13
Gold Short: Capitalizing on Sunday Open RejectionGold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade setup focuses on targeting the lower support levels in the $2,610-$2,600 zone while maintaining a disciplined approach to risk management. Technical Analysis: Daily Chart: • Price struggles below the mildly bearish 20 SMA. • Both 100 and 200 SMAs maintain their bearish slopes, confirming the downtrend. • Momentum indicators remain neutral, supporting the absence of bullish reversal signs. 4-Hour Chart: • XAU/USD trades below the flat 20 SMA while hovering near a directionless 100 SMA. • The 200 SMA around $2,690 acts as dynamic resistance, pushing prices lower. • Indicators are aligned with bearish momentum, suggesting further downside. • Support Levels: $2,626.70, $2,611.35, $2,598.70 • Resistance Levels: $2,643.30, $2,655.00, $2,671.55 Fundamental Analysis: The US Dollar’s strength continues to weigh on Gold prices, driven by robust macroeconomic data: • ISM Manufacturing PMI: Revised upward to 49.7, better than expected, supporting USD strength. • Wall Street Sentiment: Mixed trading as geopolitical tensions between the US and Russia persist. • Upcoming Events: Markets anticipate key US employment data, particularly the Nonfarm Payrolls (NFP) report on Friday, which could bring additional volatility to XAU/USD. Trade Management: • Entry near $2,645 with clear rejection signals. • Stop Loss: Placed above $2,659 to manage risk efficiently. • Targets: Initial take profit at $2,622, with a potential extension to $2,610. • Risk Management: Adhering to the bearish trend, the trade will be closely monitored, especially as the US Nonfarm Payrolls data approaches. • Risk Management: Trail stops as price moves lower. Monitor market reactions closely, especially around major support and resistance zones, and adapt as Nonfarm Payrolls approach. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
XAU/USD (Gold) - H1 - Triangle BreakoutThe XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2652 Target Levels: 1st Resistance – 2711 2nd Resistance – 2748 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
9
XAUUSD 1/12/24Heading into a new week with a fresh bias on gold, we maintain an overall short bias and aim to follow it. However, we are fully aware that the chances of gold moving long are relatively high. Because of this, we advise caution. Gold can be a challenging asset to trade due to its sensitivity to fundamentals and potential counter-bias movements. Regardless, we stick to our data-proven ruleset. Currently, we are monitoring two key areas: the liquidity highs above the current price and the supply zone at the top of the last major high. These areas may offer good opportunities for a sell move. However, we are more inclined to see a sweep of a major high followed by a sell-off, aligning with our expected short bias. Additionally, the upward-moving institutional average suggests that if gold begins to trade below this level, it could further support our anticipated downward move. Trade safely, and stick to your plan and risk management strategy!
OANDA:XAUUSD
by PipSurfingSociety
Falling towards the 50% Fibonacci support?The Gold (XAU/USD) is falling towards the pivot and could bounce to the 1st resistance level that lines up with the 161.8% Fibonacci extension. Pivot: 2,648.80 1st Support: 2,622.49 1st Resistance: 2,685.35 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
Bearish drop?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could fall from this level to our take profit. Entry: 2,659.61 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 2,713.45 Why we like it: There is an overlap resistance level. Take profit: 2,611.27 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
GOLD at Critical Levels: Breakout or Rejection Looms?The XAU/USD chart indicates consolidation near a supply zone. This indecision reflects a potential breakout or breakdown setup: Upside Potential: A clean break above the consolidation zone could signal a bullish continuation, targeting the next resistance levels. Downside Risk: A failure to sustain higher prices may trigger a sell-off back toward the demand zones. A rejection at this resistance zone could result in a sell-off towards lower support levels around 2,619.65, 2,616.00, and potentially lower. Watch for bearish price action signals at the resistance zone to confirm this move.
FOREXCOM:XAUUSD
by TopGBanks
1
Bearish drop?The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 2,656.94 1st Support: 2,606.39 1st Resistance: 2,709.10 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
1
Heading into overlap resistance?XAU/USD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,659.61 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 2,713.45 Why we like it: There is an overlap resistance level. Take profit: 2,577.91 Why we like it: There is a pullback support level that lines up with the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
1