TradingView Ideas

Gold prices show signs of growth (Sat, 11 May 2024)
Hello dear traders! Overall, XAUUSD experienced impressive volatility yesterday with gains surpassing the $2350 level and reaching $2360. However, not long ago the price approached $2,380 after which it encountered selling pressure and corrected. But! At the same time a round bottom pattern that looks similar to a cup and handle pattern is gradually forming, which usually determines our buying outlook. As I mentioned before, the safe demand zone for investors is still 2,400 USD and then possibly the 2,500 USD zone in the future. We can now expect a test of the $2350 breakout zone with the aim of gathering liquidity at the expense of sellers and a continuation in the new uptrend. Fundamentally: The US Fed's hawkish talks on interest rates and a stronger US dollar (USD) could pressure gold prices. Gold traders will be watching for the first report of the US Michigan Consumer Sentiment Index for May, along with speeches from the Fed's Bowman, Goolsbee and Barr. Next week, the US Consumer Price Index (CPI) report will be in the spotlight.
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GOLD - Buy after this pullback! (Sat, 11 May 2024)
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.
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XAUUSD. Weekly trading levels 13 - 17.05.2024 (Sat, 11 May 2024)
We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead. Last week is HERE or in the related ideas at the bottom of the post. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. 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. The next morning I adjust the levels based on the new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern. Don’t forget to like Rocket, Comments and Subscribe!!!
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Let's make a fortune together! (Sat, 11 May 2024)
Good weekend guys, we made a huge profit last week, if your current account is in the red, or you are a new trader, you can contact me, no matter how much money you have, I can help you!
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XuA==USD====Bullish (Sat, 11 May 2024)
For H1 anaylsis 1.there is Bullish Flag In H1 2.Trend is Supporting 20EMA 3.there is No divergence IN H1 4.Take entry after rejection from FIB 0.3 level
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XUA===USD-----Bullish (Sat, 11 May 2024)
Market structure Uptrend 1.There is Bullish Engulfing candle on Fib 0.5 Level 2.After Taking Retracement There is Higher high and higher low In H1 3.There is no Break of structure found in lower time Frame 4.Trend is supporting 20EMA 5.There is Bullish Divergence in Momentum 6.There is Break of RSI Trend line 7.There is Retracement done on RS1 8.MACD line Near to Cross the signal line
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gold | xau | xauusd | paxg | paxgusd idea (Sat, 11 May 2024)
gold | xau | xauusd | paxg | paxgusd idea Gold Important Support $2100 Important Resistance $2560
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Geopolitical situation and economic prospects jointly promote th (Sat, 11 May 2024)
https://www.tradingview.com/x/WPQVcA5Z/ The main tone of the gold market this week is centered on the further development of the situation in the Middle East and the escalation of the conflict between Russia and Ukraine. At the beginning of the week, as Hamas and Israel were tense in the Gaza Strip after the peace talks broke down, Russia deployed non-strategic nuclear weapons, and the price of gold was due to its hedging properties. However, comments from Fed officials tended to be hawkish, arguing that inflationary pressures remain too high to consider cutting interest rates. This may put some pressure on gold prices, as the weakening expectations of interest rate cuts will weaken investor demand for gold. As a result, gold was silent for two days on Tuesday and Wednesday. Globally, many major central banks have expressed a willingness to cut interest rates, which is a positive factor for gold. Sweden's Riksbank cut interest rates for the first time since 2016, and support for rate cuts among Bank of England officials also increased. The Swiss National Bank chose to cut interest rates at its March meeting, while the European Central Bank is almost certain to cut rates in June. The Reserve Bank of Australia decided to keep interest rates steady at its recent meeting and made dovish comments. Policy shifts from these central banks have supported gold as they have created an environment of falling interest rates, further increasing the attractiveness of gold prices. Israeli armored units and military personnel once again gathered around the city of Rafah after two days of silence, causing investors to turn to gold as a safe-haven asset. Rafah is the last major urban center in the Gaza Strip not reduced to rubble, and the collapse of peace talks has made the situation even more unstable, further increasing investor demand for safe-haven assets. On the other hand, the weakness in the U.S. labor market also drove gold prices higher. The latest number of people filing for unemployment benefits in the United States showed an unexpected rise, increasing speculation that the Federal Reserve may cut interest rates early. This data shows that the U.S. economy is facing difficulties in the current high interest rate environment, further stimulating the market to advance expectations of interest rate cuts. From a technical perspective, the Golden Week chart broke through the 4-hour pressure area and has been trading strongly sideways above the 4-hour support level. On Thursday, it started to rise strongly due to the conflict in the geopolitical situation and the unsatisfactory initial data for the week. Next week, technical attention will be paid to the 4-hour support area below. At the same time, investors will also need to pay close attention to the upcoming economic data and speeches from Federal Reserve officials next week, especially the U.S. Consumer Price Index (CPI) report in May. This will be the focus next week
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GOLD FOR NEXT WEEK (Sat, 11 May 2024)
I still focus for bearish. Recounting back after invalidation level broken.But its ok will try to focus for this setup. Im ready for next week. Trade with at your own risk guys.
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XAUUSD Short-term Wave Projection (Sat, 11 May 2024)
In my short-term wave projection for XAUUSD, I anticipate a price reduction driven by an impulsive wave downward.
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Gold price returns to the race to increase prices? (Sat, 11 May 2024)
At the close of trading on May 10th, the spot gold price rose by $15 USD to reach $2,360 USD. At one point during the session, the price reached $2,375 USD. For the entire week, the precious metal saw a 2.5% increase, marking its strongest weekly gain since early April. Gold surged after the May 9th report indicated weakening conditions in the US labor market, reinforcing the possibility of a US interest rate cut. From the technical analysis chart: Gold rose after touching and retesting the EMA 34, with the precious metal regaining bullish momentum after several weeks and establishing a new support level around $2300 USD, firmly defended by bullish buyers. The target of $2500 USD in 2024 continues to be pursued!
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XAUUSD (Sat, 11 May 2024)
The global gold price continues its upward momentum, with gold rising to $2,360 USD per ounce. As a result, the precious metal sees its strongest increase in five weeks, as investors increasingly believe that the US Federal Reserve will soon loosen monetary policy. Furthermore, optimism rises as recent data suggests a slight cooling off in the US economy. This has heightened expectations that the Federal Reserve will soon have to make a decision to ease monetary policy. Following lackluster monthly employment data in the US, the latest report shows that initial jobless claims in the previous week rose higher than expected. After the report, gold prices surged by over 1%, marking their highest level in the past month.
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