D-XAU
Gold can rebound from resistance line and start to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago started to rise near the support line to the resistance level, which coincided with the seller zone. When the price reached this level, Gold broke it soon and then rose to the resistance line, but after this, the price turned around and made a downward impulse to 2013 points, thereby breaking the 2055 level and support line. Next, Gold made impulse up to the seller zone, but at once fell back, making a fake breakout and declining to the buyer zone, which coincided with the 2005 support level. Later price started to rise from the support line of the wedge to the resistance line, after which XAU turned around and in a short time declined to the support line, breaking the 2005 level. But a not long time it bounced from this line and rose back, breaking the support level one more time. Now, Gold trades near the resistance line of the wedge and I think that price can reach the resistance line and then rebound down to the support line, breaking the support level. For this case, I set my target at the 1985 level, which coincided with the support line. Please share this idea with your friends and click Boost 🚀
HTF Markup 19-23 Feb 2024 W8 - XAU, DXY, GBP, JPY, AUD, NAS, BTCThis is a Weekly post for several pairs showing HTF Markup only using Smart Money Concept (SMC) on Weekly, Daily and 4H Time Frames.
Feedback will be highly appreciated.
U.S. Dollar Index TVC:DXY
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Gold Spot / U.S. Dollar OANDA:XAUUSD
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British Pound / U.S. Dollar FX:GBPUSD
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U.S. Dollar / Japanese Yen FOREXCOM:USDJPY
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Australian Dollar / U.S. Dollar FOREXCOM:AUDUSD
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US Nas 100 OANDA:NAS100USD
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Bitcoin COINBASE:BTCUSD
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XAU/USD 16 Feb 2024 Intraday AnalysisH4 Analysis:
Analysis/expectation remains the same as yesterday (15/02/2024)
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a further bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Expectation is for price to continue bullish and react at H4 POI or 50% EQ.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS indicating H4 bullish pullback has initiated.
Current intraday expectation remains the same as yesterday (15/02/2024) for price to continue bullish and react at nested H4 and M15 POI's.
M15 Chart:
GOLD Strong Support Ahead! Buy!
Hello,Traders!
GOLD keeps falling down
And Gold is now locally
Oversold so I think that
After the price hits
The horizontal support
Below at 1974.5$ we will
See a local bullish correction
Buy!
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XAUUSD 4HR Analysis Update by OfficialKieranTrewickXAUUSD 4HR Analysis Update by OfficialKieranTrewick
A short term bullish rally meeting the key identified pivot zone for 50% QA and 200 EMA that was short lived without following action to the upside instead met with a decisive US CPI + Interest Rate release yesterday which saw the precious metal gold plummit through various support defence lines and imbalances most inds to then create a lower low of the descending channel which validates the inner trend but does not invalidate the overall bullish market structure.
Thus going forwards I will now be looking for key confirmations showing signs of price reversals not just back to the 25% imbalanced QA but to perhaps back into the depths of the channel and push to complete another QA 75% which would still validate any potential inner channel with a lower high and rejection off the top side and once again 200 EMA until we get a golden crossover with the 50, balanced out inds, fractal HTs, bullish convergence and various other signs for price increase.
XAU/USD 14 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
As per previous analysis price did target weak internal low.
Internal structure remains bearish.
Price has printed a further bearish iBOS.
Expectation is for price to react at a POI, which price currently is reacting to Daily and H4 nested demand levels.
Bullish CHoCH, indicated by vertical dotted line will be first structural indication, but not confirmation, that pullback is underway.
Expectation is for price to print bullish pullback and react at H4 POI.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS, as per previous analysis, price did target weak internal low where we are now seeing a bullish reaction to nested Daily and H4 POI's.
Intraday expectation of previous analysis was for price to target weak internal low at 2001.895, therefore, expectation was reached.
Current intraday expectation is for price to print bullish iBOS to confirm pullback following H4 and M15 bearish iBOS is underway.
M15 Chart:
Market selloff poses a threat to the gold's performanceFinally, our expectations for gold to slide below $2,000 were fulfilled yesterday when the shiny metal sold off following the release of higher-than-expected inflation data in the United States. Given the hell breaking lose (yesterday) in the stock market, we remain concerned about gold’s performance in the short and medium term (while being bullish in the long term). It is very likely that the selloff in stocks will negatively affect gold’s price (if it continues), dragging it to $1,950 and potentially even lower (depending on the new developments). In line with our previous assessments, we patiently wait for a better price to manifest itself before taking advantage of the opportunity (ideally waiting for the dip below $1,900).
Illustration 1.01
The image above shows the daily chart of XAUUSD and adjusted fan lines. The yellow arrow indicates a bearish breakout below the third fan line.
Illustration 1.02
Illustration 1.02 portrays the daily graph of XAUUSD and simple support/resistance levels derived from peaks and troughs.
Illustration 1.03
On the daily time frame, the MACD crossed into the bearish territory, bolstering the odds of gold continuing lower.
Technical analysis
Daily timeframe = Bearish
Weekly timeframe = Neutral (turning slightly bearish)
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
XAUUSD 4HR Analysis After falling to the bottom of the range zone in the descending channel of january/february we saw the precious metail once again reject off the multiple confirmation support level whilst providing further confirmations such as fractal pivots, oversold conditions, full quarter cycle completion, ema crossover squeeze, price action candles and other such confirmations that show possible reversal signs in the market, Going forwards I am now looking for price to either reject off the EMA squeeze and dynamic level to continue the descending channel this time likely to the low of 2002. For buy opportunities its a matter of seeing if the Inflation rate today can create a surgence in price and then when it falls back down we get a fractal pivot and reversal with bullish confirmations from the 50% quarters level and top side of the ema squeeze back up to 2060
Gold can make small movement up and then continue to declineHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days ago started to trades in a triangle, where it bounced from the support line and rose to the resistance line, thereby breaking the 2070 level, which coincided with the seller zone. But soon, Gold turned around and in a short time declined until to support line, breaking the 2005 support level. Then price made a strong upward impulse from this line higher than the resistance line and support level, which coincided with the buyer zone, thereby exiting from the triangle and later entering to the downward channel. Inside the channel, XAU rose to the resistance line, but soon turned around and continued to decline in the channel. Soon, the price fell to the 2005 support level, after which it rebounded and tried to rise to the resistance line again, but failed and tolled down back. Now, I think that Gold can grow to 2040 points, after which the price will continue to decline to support level in a downward channel. For this case, I set my target at the 2005 level. Please share this idea with your friends and click Boost 🚀
XAU/USD 13 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Having started to map all CHoCh's to gain a micro-view of structure price is now trading within a POI.
Expectation remains, for price to continue to trade bearish to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price printed a bullish iBOS where we are still in the pullback phase.
Sub-structure to internal structure mapped in red printed bearish iiBOS and is currently trading within a nested H4 and M15 POI.
Intraday expectation - Price to target weak internal low at 2001.895.
M15 Chart:
GOLD - Price can exit wedge, break support level, and fall lowerHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price declined to $1973 points, thereby breaking $2010 level, which coincided with support area.
But soon, Gold turned around and made strong upward impulse to $2087 points, breaking $2010 and $2065 levels.
Also, price entered to wedge, where later XAU bounced of resistance line and fell to support area breaking $2065 level.
After this, price bounced from support area and rose to resistance line of wedge, but a not long time ago fell to support line.
Now, Gold continues to trades near this line and I expect that price can exit from wedge and make retest.
Then price can fall to support level and break it, after which Gold will continue to decline to $1995
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XAU/USD 12 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
I have now started to map all CHoCh's to gain a micro-view of structure due to the nature of price action and the size of ranges.
Expectation remains as H4 analysis, for price to continue to trade bearish to target weak internal low.
H4: Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price printed a bullish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS.
Intraday expectation -Price to target weak internal low at 2001.895.
M15 Chart:
XAU/USD 12-16 Feb 2024 Weekly AnalysisWeekly Analysis:
Outlook and bias for this coming week remains unchanged.
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line)
As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback.
Anticipate structure to indicate start of pullback phase once price prints CHoCH.
Weekly Chart:
Daily Analysis:
Bias has remained unchanged since last week:
-> Swing: Bullish.
-> Internal: Bearish
-> Has reached EQ.
Price pulled back following bearish iBOS as per expectation.
Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range.
Price remains, as last week, to be trading within internal high and low.
Expectation: Price to target weak internal low.
As per analysis of last week, In the event price continues to trade bullish, which it did, the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow which remains active.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Expectation remains as H4 analysis dated 09/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart:
GOLD. (XAUUSD)OANDA:XAUUSD
We need to wait for a reaction from the key level marked with a red eye. Next, you can consider opening long-term positions in continuation of the trend.
On a 1-h timeframe, you can see Short zone and BSL.
Also on the 1D timeframe we have a big imbalance (1886-1900$)
P.S (This is not an investment recommendation, this is my personal opinion.)
GOLD Long From Rising Support! Buy!
Hello,Traders!
GOLD is will soon retest
The rising support line
And despite the fact
That the price action is
Giving us mixed vibes
I still think that we
Are likely to see a
Local bullish rebound
Buy!
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