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Xauusdsetup

XAUUSD (Gold) Technical Analysis and Trade Idea See my previous post (video) for a full explanation). #XAUUSD GOLD has exhibited recent bullish momentum.On the 1D timeframe, price action demonstrates a pullback approaching a key resistance zone. Further upside appears likely early in the week, with potential for Gold to advance into nested distribution levels across the 4H & 1D timeframes offering a potential sell opportunity. This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.
OANDA:XAUUSDShort
by fxtraderanthony
XAUUSD GOLD Technical Analysis and Trade IdeaXAUUSD (Gold) Technical Analysis and Trade Idea Technical Outlook: - Gold has exhibited recent bullish momentum. - On the daily (1D) timeframe, price action demonstrates a pullback approaching a key resistance zone. - Further upside appears likely early in the week, with potential for Gold to advance into nested distribution levels across the 4-hour (4H) and daily (1D) timeframes. Trade Suggestion: - Monitor for continued bullish movement early in the week. - Anticipate a potential price rotation later in the week, presenting a possible sell opportunity. - Targets: Observe price behavior within the distribution levels for specific entry and exit points. - Stop-Loss: Employ strategic stop-loss placement above the 1D bearish order block to mitigate risk. Important Disclaimer: This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.
OANDA:XAUUSD
by fxtraderanthony
GOLD on the rally to collect liquidity? {09/feb/2024}Educational Analysis says GOLD XAUUSD may move in this range for some time according to my technical. Broker - OANDAA.com This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because there are alot of liquidity with fair value gaps and recently it sweep liquidity to the upside, My analysis says it is going to go upwards for more Money, haha Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
OANDA:XAUUSDLong
by VishalBudhrani
XAUUSD had a 2-input liquidity sweep last night but still returnGold This morning has Recovery Rate again to the 202x area. With the fashion in H4 and D1 as I see it, at this charge Gold can nonetheless fall further. I nonetheless count on that there might be a deep decline in Gold to the 19xx area. >Today`s model of the complete residence on the market across the area, priced 2022>2024 >SL 2026 TP2014>2000 Please plan this fee in line with H4 👌 Today is Friday weekend. I additionally propose investors to be cautious to keep away from dropping final week's profits. --------------------------- Gold fee forecast Many analysts trust that the Fed retaining excessive hobby quotes will push up the fee of making an investment in gold, lowering the enchantment of the valuable metal. Another organization of analysts stated that withinside the lengthy term, gold fees will continue to be excessive, even growth sharply whilst the war withinside the Middle East has unfold to the Red Sea. So gold nonetheless creates a few call for for conventional safe-haven assets. ------ News: Many professionals consider that falling oil charges and the growing USD are elements which might be negative to gold charges. However, gold charges nevertheless hold their present day rate degree because of the weak spot of the inventory market, in addition to the robust decline of Bitcoin. At the equal time, inflation and geopolitical dangers additionally make traders have a tendency to search for this secure haven tool. George Milling-Stanley, leader gold strategist at State Street Global Advisors, analyzed that if inflation is contained, gold charges will stabilize above 2,000 USD/ounce for the duration of 2024. However, all traders` interest is centered on the imminent economic coverage assembly of the United States Federal Reserve (Fed). Many forecasts say that the Fed will probably tighten coverage extra strongly to reduce excessive inflation. Any symptoms and symptoms of recuperation withinside the US financial system will provide the Fed extra room to preserve hobby prices better for an extended time, analysts note. In addition, many professionals are expecting that during the imminent assembly, valuable banks of numerous international locations will preserve hobby prices at the best degree in 23 years.
OANDA:XAUUSDShort
by TheLeader_WOLF
Bears piled into gold ~2035, seeking move to 2000Bearish engulfing day saw it closed beneath $2020 - a level it has flirted with but mostly respected as S/R on a daily close basis. This level was also tested on the 1-hour chart - which means support became resistance. A triple top formed on the 1-hour chart, and bears entered ~2035 to help it break below 2020, before volumes diminished. (Bears are short at the highs and may not want it to break back above the 2020 area - where a swing high formed on the 1-hour). Daily low found support at the prior HVN (high volume node), so a bounce may be due. We're ideally looking for a retracement towards / up to $2020 ahead of its next leg lower toward 2000 - 2005.
FX_IDC:XAUUSDShort
by CityIndex