XAUUSD (Gold)
👑 Ideas For XAUUSD / GOLD
🕓 Time Frame: 1hr
🔼 Status: Cautiously Bullish
📆 25/07/2024
Overview:
Gold has reacted perfectly to the 2390-2400 area, forming a false breakdown followed by growth to 2420. However, the current extremely low volatility is concerning, suggesting a potential major move could be imminent.
Key Observations:
False Breakdown: Gold formed a false breakdown in the 2390-2400 area before rising to 2420.
Low Volatility: The current market exhibits very low volatility, often a precursor to a significant move.
Bullish on D1: The daily timeframe (D1) remains bullish for gold.
Dollar Index: The dollar index is showing signs of potential decline in the medium term.
Economic Data to Watch:
S&P PMI: Scheduled for 13:45 GMT.
New Home Sales: Scheduled for 14:00 GMT.
These data releases could provide the necessary momentum to revitalize the market, depending on the actual numbers.
Technical Analysis:
Resistance Levels: 2420, 2430, 2450
Support Levels: 2405, 2400, 2392
Potential Scenarios:
Bullish Continuation: If the bulls hold above 2400-2405, we could see a continuation of the upward trend towards 2430-2450.
Retest of Liquidity Area: A possible retest of the liquidity area before a subsequent bull run.
Bearish Impulse: Although there are no current preconditions, a break in structure could result in a strong downward impulse to 2370.
Conclusion:
Gold's price is gradually updating the highs and forming clear support zones. While the potential for a bullish continuation exists if the bulls defend the 2400-2405 area, traders should be cautious of the low volatility, which could lead to a significant movement in either direction.
🕓 Time Frame: 1hr
🔼 Status: Cautiously Bullish
📆 25/07/2024
Overview:
Gold has reacted perfectly to the 2390-2400 area, forming a false breakdown followed by growth to 2420. However, the current extremely low volatility is concerning, suggesting a potential major move could be imminent.
Key Observations:
False Breakdown: Gold formed a false breakdown in the 2390-2400 area before rising to 2420.
Low Volatility: The current market exhibits very low volatility, often a precursor to a significant move.
Bullish on D1: The daily timeframe (D1) remains bullish for gold.
Dollar Index: The dollar index is showing signs of potential decline in the medium term.
Economic Data to Watch:
S&P PMI: Scheduled for 13:45 GMT.
New Home Sales: Scheduled for 14:00 GMT.
These data releases could provide the necessary momentum to revitalize the market, depending on the actual numbers.
Technical Analysis:
Resistance Levels: 2420, 2430, 2450
Support Levels: 2405, 2400, 2392
Potential Scenarios:
Bullish Continuation: If the bulls hold above 2400-2405, we could see a continuation of the upward trend towards 2430-2450.
Retest of Liquidity Area: A possible retest of the liquidity area before a subsequent bull run.
Bearish Impulse: Although there are no current preconditions, a break in structure could result in a strong downward impulse to 2370.
Conclusion:
Gold's price is gradually updating the highs and forming clear support zones. While the potential for a bullish continuation exists if the bulls defend the 2400-2405 area, traders should be cautious of the low volatility, which could lead to a significant movement in either direction.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.