Analyse
Is That The Gold Price Next Movement ?After the silicon valley collapse , dollar index goes down to 103$ levels , and the gold metal takes the high to 1914 and expected to reach 1918 . So my opinion the gold have reached the overbought on high timeframes , so the gold metal should do a retest to the Friday closed zone and after that we will look at the next point .
BTCAll right... So much to look at, where do you want me to start?
My opinion first and then the signals? Sounds great!
Corrections are normal and we've been saying that any type of retrace or correction can be taken as an opportunity to buy-in, rebuy, and reload.
We see a correction intensifying due to bad news, market sentiment, or whatever... The correction is just running its course.
XAUUSDXAUUSD price has coming some importance area ,"Gold holdings in China as part of the total reserves are still very low, so there is probably room for further purchases down the road,” he said Giovanni Staunovo, an analyst at UBS Group AG.
China bought around $1650/oz compared to $1787 today.
What's still not clear is where the rest of the Q3 gold buying came from; the World Gold Council reported that central banks had bought 400 tons of gold.
In other gold-bullish news this week, Credit Suisse analyst Zoltan Pozsar went on a bit of a tangent in a note and suggested Russia could start selling oil for gold.
Will The Gold Hit 1840 Before The End Of The Week ?Tuesday was as I expected , The Gold Metal breaks the support zone I have made , Rsi shows the oversold volume on the 4 hours timeframe , so for me tomorrow will be positive for the gold , so the fed powrell speech will affect negatively dollar index and push the gold metal up
1:7 RR XAU/USD oanda next week predactionTechnically, gold's price is also influenced by various technical indicators and chart patterns, which can provide valuable insights into the direction of the market. These include moving averages, support and resistance levels, and trend lines.
To conduct a detailed analysis of gold, it's essential to consider all these factors and use a combination of fundamental and technical analysis. This can help you gain a better understanding of the market dynamics and make informed decisions about your investments.
finnaly,
🔻GOLD | ANALYSIS🔻 1D Time FrameEIGHTCAP:XAUUSD
Hello traders,
• The 38.2% Fibonacci level has offered quite a bit of support, and we formed a nice hammer for the Friday session.
• However, if we break down below the hammer from Friday, it opens up the possibility of a move down to the 200-Day EMA, which is closer to the $1810 level.
• Underneath that, we have the 50% Fibonacci level, which is basically at $1800 and will attract quite a bit of attention.
*Don't forget to fuel up with coffee ladies and gentlemen!
---Please note that these ideas are for informational purposes only and should* be taken as IDEAS. It is important to conduct your own research and make informed decisions before making any trades.---
GOLD 1HOUR: technical say gold can pullback to 1808 (fibo 61%)i see many friend have old sell against my analyze dont put sl on last high too !!!!!!,,, they no SL and dont eat sl in this game = margincall and loss all soon or late
for this personally love gold go down to 1808 but market and news not in my hand to help you !!!
after close sell,,you must withdrawal all money from real account and back to demo and reach 100% control on 1- levrage 1-10 2- put sl in high/low 3- stand in very low size (per 10k balance max 0.1 lot)
i was 7 year on demo ,what i was working on?
VERY IMPORTANT TEST FOR WIN IN REAL ACCOUNT : UNTIL YOU CANT TURN 1000$ TO 2000$ WITH LEVRAGE 1-10 AND 0.01 LOT AND SL (if you touch SL ,you born and loss and must back to start) you must must pass this test ,,,,,if you come to real without pass this test ,you will margincall and loss ...this test design by me for my friends and students
note;if you have buy you must put SL in 1915(last low) break low in gold mean 90% down tern will start like yesterday nigh
www.tradingview.com
wish you win
Gold 1 hour update2 : if low break ,it is downtrend sign,signacan GOLD DAILY create pinbar today?
can gold go to 1800? yes fibo 61% show 1805 as seller target
wish you win , dont forget put sl on last high and looking for pinbar on 60-240-1440min chart
❤️❤️❤️
i try update my chart each 3-4 hour
www.tradingview.com
DXY USD - MONTHLY ANALYSIS - CORRECTIONThe USD has been in an uptrend since March - 2008 and has been dominating the financial markets and the global economy with toxic pressure since last year.
- Today, I would like to present an analysis that takes a closer look at the USD (DXY) from a monthly perspective.
We are at several relevant resistance points:
1. FIBONACCI RETRACEMENT | 0.88 - is about to be tested.
-> 0.88 FIB = 114.979
-> Marked as a "blue" line on the chart.
+ Next psychological number would be 115,000 as resistance.
-> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers, at which more orders are placed.
2nd RESISTANCE TREND LINE | from 2008
-> 7 points of contact since the formation = very strong resistance.
-> Drawn as "red" line in the chart.
3. SUPPLY ZONE | from 2002 (gray)
-> Time expired, but still psychologically relevant for market participants.
-> Drawn in as a "gray" box in the chart.
4. POINTS OF INTEREST
-> Points, which are mostly a psychological number, at which some liquidity was traded in the past.
= these points can be seen as both "support / resistance".
-> Drawn as "turquoise" lines in the chart.
These are now only a few indicators of those which are available to us all.
However, even without indicators, it can be seen that the USD (DXY) is clearly overbought and a correction (from a chart-technical point of view) should be imminent.
Regardless of our analysis, the macroeconomy currently determines the further course of events.
Detailed price predictions are thus a matter of blind potshots, and that is the last thing we need in trading.
"Correction scenarios"
1. We see a reaction of the trend line and the 0.88 Fibonacci and will correct a little.
-> Possible correction target = 107 points
2. The DXY breaks the trend line and the 0.88 Fibonacci and is then finally stopped out by our "SUPPLY Zone + the Points of interests".
-> Possible correction target = 109 points
"Breakout scenarios
3. The DXY breaks through all marked resistances, makes a fakeout and enters the correction.
-> Possible correction target = 111 points
4. The DXY breaks through all marked resistances, confirms its breakout and starts its journey to the 1.618 Fibonacci.
-> Possible correction target = 152.129 points
Alright, now we can only wait and see what the future will bring us.
- Feel free to discuss it in the comments and share our perspectives.
Thank you very much and happy trading!
USD/CAD - SHORT SCENARIOS - ANALYSE – WThe "USDCAD" is in an uptrend since May – 2021, and it stands to reason that we can expect a top soon if necessary.
-> The USD is the base currency of the pair and should, shortly, enter a correction.
-> At which key areas we can expect a Local Top, I will analyze in more detail in today's post.
-> For this, we will look at the "USDCAD" from the weekly view and integrate elements of the daily, weekly and monthly charts.
table of contents
- 1st part = EXPLANATION - Used indicators + levels
- 2nd part = SCENARIOS - pro + con breakdown
- 3rd part = CONCLUSION
FIRST PART
1. | FIBONACCI RETRACEMENT |
For this Fibonacci retracement, we take the movement,
which started in - March/2020 - and ended in - May/2021 -.
-> 0.75 FIB = 1.40031 points | Pending processing
-> 0.786 FIB = 1.40989 points | Pending processing
-> 0.88 FIB = 1.43491 points | Pending processing
> As "BLUE" lines - drawn in the chart.
2. | FIBONACCI RETRACEMENT |
For this Fibonacci retracement, we take the move,
which started in - July/2022 - and ended in - August/2022 -.
-> 2.618 FIB = 1.40258 points | Pending processing
> As "PASTELL ORANGE" lines - drawn in the chart.
3. | SUPPLY ZONES |
The supply zones formed at the beginning of the downward movement,
thus they were created and in - March-May/2020.
-> MONTH ZONE = 1.38502 - 1.46685 points | Pending processing
-> WEEK ZONE = 1.38502 - 1.41409 points | Pending processing
-> DAY ZONE | 1 | = 1.39686- 1.40488 points | Pending processing
-> DAY ZONE | 2 | = 1,43750- 1,46685 points | Pending processing
> As "GREY" areas - drawn in the chart.
4. | POINT OF INTEREST |
The points of psychological interest,
were created the first time - in 2003 - and showed some reactions since then.
-> POI | 1 | = 1.38500 points | Pending processing
-> POI | 2 | = 1,40000 points | Pending processing
-> POI | 3 | = 1.41000 points | Pending processing
-> POI | 4 | = 1,46500 points | Pending processing
| POI should be used as resistance in the upcoming situation.
| POI is used as ZONE -> no point exact resistance.
> As "TURKIS" line - drawn in the chart.
5. | VOLUME PROFILE |
The volume profile describes the cumulative trading volume at each price level. In the analysis, the volume of the last "TOP" formation was analyzed.
-> VOLUME ZONE = 1.40100 - 1.41100 points | Pending processing
-> POC = 1.40500 - 1.40700 points | Pending processing
| Point of Control - The price level with the highest traded volume.
5. | OLD MARKET STRUCTURE BREAK |
The old market structure break, represents a psychological level because it was the decisive point in the last corrective move.
| MSB = 1.38502 points | Pending processing
PART TWO
Once the price reaches the broken down levels, we can expect a reaction from the market, which depends on the "weighting" of each level.
PLEASE NOTE - the USD is the base currency of the USD/CAD, so we are 100% dependent on the performance of the DXY.
1. | SCENARIO | TOP - at approx. 1.38500 points (Unlikely)
What speaks for this?
- "OLD MARKET STRUCTURE BREAK"
- "SUPPLY ZONES | W1 + M1"
- "POI (1)
+ this idea must be supported by the DXY!
What is against it?
- "VOLUME PROFILE" = little traded volume.
- "FIBONACCI" = between 0.618 - 0.75 FIB
- "USD (DXY)" = further appreciation.
2nd | SCENARIO | TOP - at approx. 1.40000 - 1.41000 points (Very likely)
What speaks in favor of this?
- "FIBONACCI RETRACEMENT (1) | 0.75 + 0.786 FIB"
- "FIBONACCI RETRACEMENT (2) | 2.618 FIB"
- "SUPPLY ZONES | W1 + M1 + D1 (1)"
- "POINT OF INTEREST (2) + (3)
- "VOLUME ZONE
- "POC
+ this idea must be supported by the DXY!
What is the argument against it?
- "FIBONACCI" = 0.88 FIB
- "SUPPLY ZONE" = D1 (2) liquidity
- "USD (DXY)" = further appreciation.
3. | SCENARIO | TOP - at approx. 1.43500 points (Unlikely)
What speaks in favor of this?
- "FIBONACCI RETRACEMENT (1) | 0.88 FIB"
- "SUPPLY ZONES | D1 (2)"
+ this idea must be supported by the DXY!
What is the argument against it?
- "USD (DXY)" = further appreciation.
CONCLUSION
It is impossible to say at this time what the exact scenario for "USDCAD" will be.
= Despite this, the key points I have presented, will most likely trigger a reaction.
-> As soon as the TOP formation emerges, I will upload a detailed SHORT execution.
-> Feel free to discuss it in the comments and share our perspectives, I'd be "burning" to hear your take on the whole thing.
If this idea and explanation has added value to you, I would be very happy to receive a review.
Thank you and happy trading!
🥇 GOLD False resistance breakdownGold is testing the 1908 resistance with a false breakout. Looking for a pullback
1) The price tests the resistance and makes a false-break. Statistically, strong movements occur after false-breaks.
2) The price has been trading in a strong uptrend for a long time, the technical pullback is coming.
3) I assume that after the false-breakout the price can roll back to the nearest liquidity zone, which is below 1890
If the price returns under the uptrend line (black line), gold could fall to the 1894 level
Gold 1hour : Pro taders think for 1900Moderaitor again block me for 30 day for joke issue ,,,my new analyze will come soon for important markets
For now=
I advice low size buystop on high sl=last low 1814 and buy above green arrow ,after pinbar comes sl=1803
Alert =break sma200 1hour is sell signal
good luck