Golddemand — Trading Ideas on TradingView

Managed Money Selling Gold into Strength to Take Profits Gold has entered a consolidation phase after surging from 2970 to 3245 last week. Ongoing headlines about tariffs continue to fuel global demand, with strong interest seen in China and U.S. However, there are early signs that gold prices may be approaching a short-term supply-demand equilibrium. COMEX inventory data recently showed that, for the first time in this rally (since December), physical demand has not increased over the past few days. While demand remains strong overall, this could be an early signal of slowing momentum. The latest COT report indicates that total net managed money positions have been slowly declining since early February, with the pace of reduction picking up recently. This suggests that smart money is locking in some profits while the market remains strong. Still, net positioning remains elevated. In the short term, this might not trigger a major reversal, but gold bulls should stay cautious and consider tightening stop-loss levels to manage risk. A possible flag pattern appears to be forming, though the structure is not yet fully developed. The key resistance to watch is 3245. Unless this level is broken, gold could be forming a horizontal or slightly bearish flag beneath it. Short-term support levels to monitor are 3200, 3175, and 3130 for now. These will be updated as the price action evolves.

Is NFP non-agricultural data good or bad for gold?At the beginning of the Asian session on August 1, spot gold fluctuated in a narrow range and is currently trading around $2,436/ounce. Gold prices rose by nearly $40 on Wednesday. The interest rate remained unchanged in yesterday's Federal Reserve meeting, which was in line with market expectations. Powell's speech later gave news of a possible interest rate cut in September and the increasingly tense situation in the Middle East. Gold prices will face new large fluctuations. The upcoming non-agricultural data will surely attract a large number of gold investors. Do you think this wave of gold is good or bad? Welcome everyone to actively discuss

Gold's Resistance: Parallel Channel & A-assisted Zones, Vectors Welcome Esteemed Investors, I n the ever-evolving landscape of the financial markets, understanding the dynamics of precious metals like Gold (XAU) is crucial for informed decision-making. Today, I bring you insights into the XAUUSD market, aiming to contribute to your comprehensive research endeavors. T he recent movements in the Gold market have been intriguing, and a closer look reveals compelling signals for investors. After a decisive bounce from the support zone, hovering around $1820, Gold (XAU) has demonstrated bullish indications. Notably, a confirmed breakout from the falling channel, depicted by the blue parallel channel in the chart, stands out as a significant development. F alling channels are "widely" recognized as bullish chart patterns. They have a tendency to break upwards. What makes this insight even more compelling is the application of cutting-edge technology in detecting potential support zones. Leveraging a Support Vector Machine (SVM) algorithm integrated into a deep neural networking AI, the support zone was identified well in advance, dating back to 09 March. For human observers, this translates into a visually apparent double bottom pattern on the chart. P ost-bounce from the predicted support zone and a classic breakout from the falling channel, Gold swiftly ascended to the resistance zone around $1980. However, historical selling pressure from supply, marked by the purple zone on the chart, has posed a formidable challenge. Since 04 May, XAU has been trading below this zone, reminiscent of the period from 04 May to 04 October. Y et, the potential for a bullish scenario persists. A strong demand wave could propel Gold to break out from the current supply zone after a modest pullback within the projected purple area. It's essential to acknowledge the historical ebb and flow of demand and supply in this market; a failure to breach the resistance zone might lead Gold back to the blue support zone. A nticipating market dynamics, it is crucial to consider external factors. Market news, with its inherent capacity to influence asset prices, might act as a catalyst for a reversal from the support zone. In the event of a downturn triggered by bearish news, the subsequent support zone is estimated to be around $1625. I n summary, the prevailing signals for Gold appear bullish, suggesting a potential breakthrough of the resistance zone. However, the ever-present influence of market news introduces an element of uncertainty. Should bearish news materialize in the coming weeks, the $1820 support zone could offer another opportunity for bullish positions. It is imperative to note that the insights shared here do not constitute financial advice. I am not an investment advisor. The decision to engage in financial markets should be made with careful consideration of individual risk tolerance and thorough research. While the probabilities favor long positions at present, it is essential to remain vigilant and adaptable in response to changing market conditions. Wishing you success and prosperity in your investment journey. Warm regards, Ely

GOLD, Two Scenarios, One Outcome, Wedge-Breakout Incoming!Hello There! Welcome to my new analysis about GOLD on the daily timeframe perspectives. As I already mentioned within posts I uploaded within the recent times GOLD has a more bullish edge and potentials for new highs on the middle to long term perspective. Especially, because the demand and open interest by institutionals is increasing massively and some are speculating about a gold-backed currency which is likely to pump massive volumes into the GOLD market when this becomes reality. GOLD has been around for several thousands of years, it even did not collapsed after the end of the Bretton Woods gold-backed system, therefore it is no wonder that the GOLD price held stable and is looking for a breakout especially with the backing by the increased demand caused by a established war economy with the ongoing inflationary tensions and investors in search for a safe heaven to hedge against a next inflation wave and excess help package spendings not to mentioned that the GOLD price without inflation would have reached an all-time-high already. When looking at my chart now GOLD is now forming an important formation, such a formation is known for an exponential volatility breakout, and huge gains into the breakout direction. Especially within this current price dynamic with the broader global formation still aiming for a final breakout this formation is the equivalent of the broader formation on the daily timeframe perspective. The GOLD price-action is trading above several major support-zones here consisting of the 65-EMA, the 300-EMA, and the 500-EMA as well as the two ascending-trend-lines with one ascending-trend-line still backing the current price which is supporting the more likely scenario A with a 75% possibility, and the second ascending-trend-line to confirm a bounce and continuation to a final breakout if the less likely scenario B should emerge. Both scenarios are aiming for the final breakout-dynamic to setup in the next times and once the breakout has been emerged it will either activate the final target-zone A or the final target-zone B as they are marked in my chart. GOLD is now about to convert the whole formation into a massive breakout reaching local highs and when the demand in GOLD increases further because of a increased demand for a safe heaven and the inherent value of GOLD that did not lost it´s inherent value within the second half of the 20st century and the beginning of the 21st century. Considering the fact that GOLD lived throught many recessions, the dot-com bubble, the pandemic, the exploding historical high inflation since the 1970s bull-market confirms the major inherent value of GOLD as a legit crisis hedge and the fact that GOLD is now trading near it´s all-time-high with the non-inflation-adjusted price-action is underlining this standing of GOLD as a legit crisis hedge. The GOLD price should have reached an all-time-high already adjusted without inflation and still with non-inflation-adjusted price this all-time-high is likely to be reached. The next times will be highly important as GOLD is now boiling up for the next step to move into a major breakout firstly on the daily timeframe perspective and then also on the broader weekly timeframe perspective moving forward to complete the massive cup-and-handle formation. In the next time we will keep having GOLD on the watchlist and adjusting to the demand shock dynamics in commodities which has major potential to setup the next breakout wave for GOLD. In this manner, thank you everybody for watching, support is greatly appreciated, all the best! VP