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Gold (XAU/USD): Analyzing the 4-Hour ChartAs we delve into the gold market, it's clear that the recent economic and geopolitical developments are having a profound impact on XAU/USD. The 4-hour chart provides an insightful snapshot of the current market dynamics and potential future movements. Currently, gold is trading at $2,760.790, reflecting a slight decrease from its opening price of $2,762.960. The highest price reached in this session was $2,763.680, with a low of $2,753.618, showing some volatility in the market. The closing price stands at $2,760.790, marking a minor decline of -0.08%. The chart highlights several critical support and resistance levels. Resistance is noted at $2,795.558, $2,721.846, and $2,696.912, while support levels are identified at $2,790.417, $2,739.758, $2,666.224, and $2,633.618. These levels will be crucial in determining future price movements, as traders look to these points for potential reversals or continuations of the trend. A notable feature on the chart is the upward trend channel, formed by two black trend lines. This channel indicates a bullish trend in the gold market, suggesting that prices are likely to continue their upward trajectory. However, the presence of two red arrows projecting potential future movements indicates a possible short-term correction before the trend resumes. At the bottom of the chart, the Relative Strength Index (RSI) stands at 66.03, signaling that the market is approaching overbought conditions. This is important for traders to consider, as it may indicate a potential pullback in the near term before gold resumes its upward march. In conclusion, the 4-hour chart of XAU/USD reveals a bullish outlook for gold, driven by the ongoing economic uncertainties and geopolitical tensions. The weakening US dollar, inflationary pressures, and safe-haven demand for gold are key factors supporting this trend. Traders should keep a close eye on the support and resistance levels, as well as the RSI, to make informed trading decisions. As always, staying informed and considering all aspects of the market will be crucial for navigating the gold market successfully. follow for More ideas.
TVC:GOLDLong
by MasterProTradings
1
TRUM VS GOLDAttention traders! 💥 XAUUSD is on fire, setting new highs with precision! ⚡ Check this out: XAUUSD Insight: 📉 Locked in a fierce contest between 2700 and 2706. 🧐 Is a breakout near? 🔻 Downside Watch: 🔻 Stay cautious for potential drops if it dips below this range! 🎯 Targets: 2696 💹 Upside Watch: 💹 Look for buying signals if it rises above! 🎯 Target 2712, 2716 💬 Engage with Us: 💬 Share your thoughts as we navigate this exciting market! 📢 Let’s achieve greatness together! 🚀✨
OANDA:XAUUSD
by Syed_Fx_Lab
Gold Idea 📈 Market Bias: Bullish Analyzing the daily timeframe on Gold, we see clear signs of bullish momentum. The price action suggests a potential move upward, targeting the liquidity above the current levels. Key insights: ✨ Liquidity Grab: Watch for price to sweep above significant highs, triggering buy-side liquidity. ✨ Daily FVG (Fair Value Gap): A critical imbalance lies above, making it a probable magnet for price action. The narrative aligns with bullish order flow, indicating a high likelihood of continuation to fill the daily FVG. Stay patient and wait for confirmations if you're planning to enter. 💡 Trading Reminder: Always follow your trading plan and manage risk effectively. The market often surprises, so protect your capital! What’s your bias on Gold? Bullish or bearish? Drop your thoughts below!
TVC:GOLDLong
by mofx01
Gold to stall at previous highs?Gold - Intraday Selling posted close to the previous high of 2726.0. 2721.3 has been pivotal. Offers ample risk/reward to sell at the market. Bearish divergence is expected to cap gains. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look to Sell at 2718.5 (stop at 2738.5) Our profit targets will be 2668.5 and 2658.5 Resistance: 2724.5 / 2735.0 / 2750.0 Support: 2709.7 / 2700.0 / 2690.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
3
XAUUSD Trade LogXAUUSD Daily/Monthly Long Setup Trade Logic: - Setup: Long position initiated within a high-confluence zone supported by multiple technical and structural factors. - Confluence Factors: - Daily/Monthly Buy Signal: Higher timeframe signals indicate strong bullish momentum and continuation potential. - Trendline Support: Price has respected a long-term ascending trendline, acting as dynamic support. - Fair Value Gap (FVG): Entry aligns with a daily FVG in a discount zone, offering a high-probability long opportunity. - Kijun Support: Both daily and weekly Kijun lines provide additional support confluence. - Liquidity Zone: Recent sweep of liquidity below equal lows clears the path for a bullish reversal. - Risk-Reward Ratio (RRR): - Stop-loss set below the trendline and daily FVG for tight risk management. - 1:3 RRR targeting the weak high at 2,910 , with secondary targets near 3,000 for extended profits. Macro Context: - Market Sentiment: Safe-haven demand for gold is rising amid geopolitical and economic uncertainty, aligning with bullish technical signals. - Dollar Weakness: Weakening USD supports upside momentum in XAUUSD. - Volume Profile: Strong buy-side volume near key support levels indicates institutional participation. Execution Plan: - Long entry near the confluence zone of the trendline, FVG, and Kijun support. - Maintain stop-loss below the daily FVG to manage risk effectively. - First target near 2,910 , with extended targets at 3,000 for partial or full profit-taking. - Reassess position if price closes below the trendline or invalidates the daily buy signal. Extra Note: Monitor macroeconomic events such as interest rate announcements or geopolitical developments that could affect gold prices. Let me know if further adjustments are needed!
OANDA:XAUUSDLong
by Fondera
Gold next push to the upside or downside. 😌 Price has bn playing around last week high. 🫴🏻If price breaks the previous week high 2658.40 and a close above it, there's a higher probability 💯 that price is going to clear the liquidity above 2692.76 and get to the daily point of interest 2706.89 💫 🫴🏻If price did not breaks the previous week high with a candle closure above it. I am anticipating price to clear both this current week Monday's Low 2614.76 and previous week Monday's Low 2596.12. 🫵🏼 Watch out for this. The simple thing is to let price do what it wanted to and you trade what you see. Please bost if you find this one insightful.
GBEBROKERS:XAUUSD
by HallowAdept