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D-XAU

A GOLD buyers Trap?What's up guys so I've closed my sell but I'm still looking at gold itself and I want to discuss this price action within this green circle here This price action speaks to rejection - it suggests that gold is having more problems moving lower and maybe we should look into buys But I think this in and of itself is a trick being played on us by the dealer - I've seen it before as well Let me explain - There is a question we have to ask here. Why would the dealer simply stop and turn around the market to produce buys right at such a low point. We know that gold is bullish so buyers would really win overall Do you think the dealer wants the buyers to win? I don't think so so what better way to get buyers to lose than to induce them to buy and continue to sell even lower? By no means am I saying we should sell here as there is no confirmation of such but I am saying I feel like this is a trap to buy, makes me not trust it at all Let us monitor
OANDA:XAUUSDShort
by Brandon_evo4
GOLD possible analysisPrice had previously formed liquidity above monthly and weekly resistance that held for quite some time. It was only until last week that price finally took the liquidity out with a massive wick, further failing to close above the last high on the higher time frame. It preceded reverse and broke structure on lower time frames, bringing about a shift in momentum from bullish to bearish trend. Price has just recently broke a third structure with momentum, leaving behind a beautiful 2h POI that lines up perfectly with the golden zone for extra confirmation. What i expect to see next is for price to retrace back into this supply zone, forming some form of liquidity in the process, to then use take out this liquidity and tap into our supply zone before pushing further down to take out internal range liquidity that was left behind during the previous push upwards.
OANDA:XAUUSDShort
by BlackTygaTrades
4
GOLD NFP?s3.tradingview.com Good Morning folks - we have NFP in just under an hour or so Gold is still range bound having (as I would have mentioned days prior) not doing anything significant However the purpose of keeping gold within the range is to continue inducing traders to both buy and sell within the range The dealer cannot take your money if it never leaves your broker See Next below s3.tradingview.com That being said we have an instance of the dealer driving price bearish which may have taken out a big chunk of the buyers that were interested on that bull trend (within the range) What I find to be very interesting is this move happened before todays news event which leads me to believe that the spike to the downside should be minimal OR EXTREME Let me explain I believe traders would have also caught buys at that last "liquidity grab" (green circle) which means the dealer either needs to ignore that area if it doesn't have a big chunk of buyers there OR he needs to completely decimate that area and go to the low of the range The ONLY reason I believe the dealer drives price in the opposing direction of the momentum is to capture liquidity that he can use to then go in his intended direction So I am looking at 2 possible moves See next image(s) s3.tradingview.com Move #1 - Stop short of the last "liquidity grab" but still take out that last set of buyers AND then proceed to buy for NFP The reason for this one would be to catch traders off guard, I've seen this before where we expecting this big extravagant move from the market. We hope for chaos to ensue so that maybe justtttt maybe we can take advantage of that chaos. The dealer may think we are expecting that and move the market away from this area silently but still take out the last bit of liquidity Interestingly enough you'd be surprised also to know that the dealer doesn't have to drive price that low to still take out buyers interested at the absolute low of the consolidation range He can use the spread. Nothing says that the dealer cannot manipulate the spread in these instances - you may be in a buy at the low of the range then all of a sudden you aren't in a buy anymore - you got spread hunted All in all - This is the sneaky approach on behalf of the dealer See next image s3.tradingview.com Move #2 - this is the chaotic move everyone most likely would be expecting Drive price really low - to the low of the range, break out below the range, take out buyers stops, induce traders to sell at the breakout and then at the last minute begin rejecting the downside to drive price back upward By now I'd hope that most traders know that trading the news events are extremely dangerous and trying to catch this move can result in loss extremely quickly Doesn't mean people won't take me seriously and not trade however, rest assured the dealer will still get some of you if this move is to play out That being said you can still only consider buys safe if price can clear the green zone that we discussed yesterday and day before which would represent the previous ATH (all time high) I know it would be very far from price at this point and you'd want to make money NOW but if you read my bio on tradingview here you'd realize "now money doesn't last forever and forever money won't come now" - @ekatatrading \ Brandon Abass. Also you may be surprised as to how quickly gold can achieve that move (blue line). At the end of the day this is still GOLD With that being said - what do you rather, unsure risk? or considerably safer risk? Risk is risk but in the words of my father - "it is never what you do but how you do it" And how you do anything is how you do everything s3.tradingview.com That being said however I do feel move #1 (pink line) is more possible and likely as - we all know that we expect craziness for NFP If I were the dealer I'd do the opposite of the expectation "expectation is the route cause of all disappointment" Make the move in silence and catch everyone with their pants arounds their ankles. The dealer get's away with murder one more month Downvote \Don't boost if you didn't read and didn't try to understand my perspective - if you did read and still disagree then absolutely downvote OR Upvote \Boost if you did read and do understand Follow for more analysis like this - it's free :) Godspeed to all trading today
OANDA:XAUUSDLong
by Brandon_evo4
Gold's Acceptance Above $2,050Gold set a new all-time high this week at $2,144.48 in a strong rally on Monday, and XAU/USD spent the rest of the week trading above $2,000 after easing from Monday's opening surge. The focus now turns to the US NFP data to provide new directional momentum. Observing the daily chart, Gold has established higher lows after a volatile trading session on Monday, indicating more opportunities for a new uptrend. The 14-day Relative Strength Index (RSI) above the midline supports the potential for Gold's upward movement. Gold buyers need to find acceptance above the $2,050 region to make further progress towards the $2,100 level. New buying opportunities will emerge above this level, targeting the all-time high of $2,144. On the flip side, immediate support is seen at Tuesday's low of $2,009, below which the $2,000 level will be a crucial test for trend-following traders. At that level, the 21-day Simple Moving Average (SMA) will align. The next downside cushion is identified around the round number of $1,980.
FOREXCOM:XAUUSD
by Gwen_Humuna
1
#PAXG/BTC 3D (Binance) Descending wedge on supportPax Gold printed a dragonfly doji and looks ready for mid-term recovery towards 50MA, in sats. ⚡️⚡️ #PAXG/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 13.1% Current Price: 0.05392 Entry Targets: 1) 0.05301 Take-Profit Targets: 1) 0.06309 Stop Targets: 1) 0.04897 Published By: @Zblaba LSE:PAXG BINANCE:PAXGBTC TVC:XAU TVC:GOLD paxos.com/paxgold Risk/Reward= 1:2.5 Expected Profit= +19.0% Possible Loss= -7.6% Estimated Gaintime= 2-3 months
Long
by TradingOn
XAUUSD H8 - Long SignalXAUUSD is currently in proximity to the resistance level at 2035. A decisive breakthrough above this threshold holds the potential to rekindle bullish sentiment, especially in correlation with the anticipated decline in DXY, aligning with our earlier analysis. While keeping a watchful eye on the unfolding market dynamics, it's worth highlighting the identified support zone at $2000/oz for its evident strength and confluence. The upcoming events, particularly the release of NFP, AE, and UE data, are likely to play a pivotal role in shaping the market trajectory. Until then, we remain attuned to the unfolding developments, expecting a more pronounced market response post the release of key economic indicators.
FX:XAUUSDLong
by Trade_Simple_FX
GOLD actively inducing BUYERS within the range?Good Morning Folks - Virtually not a lot of movement on gold as price is still within the range - Not going to even bother to look for anything today as trading within the range for my style doesn't provide much opportunities If trading within a range works for you - now is your chance but personally I feel like gold hasn't been up to much in the last 3 or so days Also again I will remind you - gold is a bull market - The dealer's target will be buyers..it is interesting that so many buyers may be induced along these trendlines that are forming WITHIN the range Meaning - you are being induced to buy for the market to essentially go nowhere Maybe?? Not a lot of sellers being induced as of this point s the only real area they can be induced is at the high of the range - but if gold continues to buy in accordance with its momentum - the sellers would naturally be taken out This is why I believe that it makes sense for more buyers to be induced at this time I will also leave a link to the last idea I posted here - This is to remind you of the two different possibilities I am expecting on GOLD But I feel like a spike downward (pink line) to take out all buyers below the range then more buys upward back to the ultimate high makes more sense Set your alerts and sit and wait - one thing I think is very possible is...it's going to be a massacre tomorrow for NFP Downvote if you didn't read this entire post and didn't stop to try to understand - if you still disagree then absolutely downvote OR Upvote if you did read this entire post and did try to understand
OANDA:XAUUSDLong
by Brandon_evo4
3
An Extensive Gold BreakdownAlright so first things first on gold The monthly timeframe suggests a few things to me as I can see that the ATH (all time high) has been broken AND Rejected HOWEVER - We have over 23 days again before this monthly candle closes which means anything can occur between now and then end of the Month & by extension the end of the Year The question I am continuously asking is why would gold go through all the stress of trying to get back to that previous high, to stop out sellers at the high and then sell - IN A BULL MARKET??? Is it that gold really wants to change its direction? I doubt it as we know that gold is the "safe haven" asset for a lot of people - Losing faith in the dollar? Buy some gold, right? If that is the case - Why would it make sense for gold to LOSE VALUE? Sounds to me like that by itself is an induction to sell, The dealer knows traders would have been interested in sells at the ATH - So take them out and start fresh Also Keep in mind we have NFP in a few days (Friday) The current weekly candle doesn't add any new information from that of the monthly timeframe as it still has about 2 days + before it closes HOWEVER, The previous weekly candle (black, bullish candle) does give us some information I want to draw your attention to the way that that previous weekly candle closed - Do you realize that this is the first candle in a few years (3 years+) to have closed at the high rather than reject the high? Surely that cannot be a coincidence - Especially as the gold market as we know is bullish. The current weekly candle is somewhat confusing however as I am questioning what is the reason for the rejection to the high ? The daily timeframe adds some more context as the last 2 days prior to this current day have both been bearish with the first big bearish day is also a bearish engulfing candle This candle by it self would signal to traders who simply trust patterns and not ask a lot of questions to blindly sell without any thought given to why this may be visible The next day suggesting that even more bearish momentum would be coming in - although that next bearish candle had wicks to both sides which I know to be a sign of consolidation on a lower timeframe Why would the market consolidate now? NFP? No liquidity? Why knows - But our job is to ask the questions so that we can take inventory of multiple possibilities right? The 4 hour timeframe is interesting to me because - I have drawn this zone (green) And what this zone represents to me is the previous all time high not the current ATH The previous ATH is important because We have to keep questioning why would the dealer trade gold below this zone if it is a bull market? Who may feel inclined to trade below the previous ATH? Could we trust buys at this point seeing as price has rejected both the previous ATH (currently) and the Current ATH formerly? Again keeping in mind that NFP is on Friday - What if the dealer has the market stumbling below this level and will continue to do so to keep inducing both buyers and seller? How would the dealer induce BOTH buyers and sellers by staying beneath the ATH? Well think about it - as a seller price has rejected the previous ath and the current ath - Traders could look for the best possible sell at the highest point they can get in AND The dealer could be showing buyers buys by keeping price at a (low-ish) Low enough point to get buyers interested What would be the dealer's reason for consolidating the market all of a sudden after such big drastic moves? We Know that consolidation induces traders to buy and sell the extremes of the range itself - so guys who may be interested within this range? Everyone - Don't believe me? Scroll down and read lol The market hasn't done much in the last 2 days yet traders still insist on placing trades heavily If your strategy allows for it then cudos to you, I am happy for you...but if you are trading at this point in hopes that you are going to get the lowest possible buy or the next highest possible sell I've probably got some bad news for you friend This is an induction to get you to commit your money to the market The way I See it there are two possibilities Either A. (Orange Line) Take out the buyers at the low of the consolidation range and then buy - Either for NFP or after OR B. (Purple line) Take out buyers at the low, sellers at the high of the range and the Previous ATH and then go back into consolidation Option B will be to capture all lost liquidity within the market from Both sides as we know the dealer is inducing both parties at this time I'd be honest however Option A is what I am most hoping for lol - This will give me an opportunity to place my buys and get into my next trade All in all I have no choice but to continue to wait and observe what is happening Follow me for more break downs like this if you like this style of breakdown - It is completely free :) This is the last one I will post for the time being - This is my visualization of where I think both buyers and sellers are interested By visualizing this we can have an idea as to where their stops might be If we can think about where their stops might be - you can bet your last buck that the dealer KNOWS where the stops are. Now answer this question for me Do you think these sellers are safe at this point ? What about buyers? Do you think they are safe at this point ? Food for thought.. Like I said - follow me for more break downs of my thought process like this. I don't always get it right but at least I am man enough to admit when I don't Godspeed to all traders today :)
OANDA:XAUUSD
by Brandon_evo4
Gold to see a temporary move lower?XAUUSD - 24h expiry Price action resulted in a new all-time high at 2145. Selling pressure from 2145 resulted in all the initial daily gains being overturned. Posted a Bearish Outside candle on the Daily chart. Bespoke support is located at 2016. Previous resistance, now becomes support at 2010. There is scope for mild upward pressure at the open but we look for selling interest to resist gains. We look to Buy at 2016 (stop at 1996) Our profit targets will be 2066 and 2076 Resistance: 2052 / 2086 / 2095 Support: 2016 / 2010 / 1915 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:XAUUSDLong
by OANDA
GOLD - Price can reach resistance level and try to break itHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to decline in falling channel, where it declined to $1965 support level, which coincided with support area. After this, Gold bounced to resistance line, but soon bounced of this line and in a short time fell lower than $1965 level, breaking it. Also then, price reached support line, bounced, and started to move up to $2035 resistance level, exiting of channel and breaking $1965 again. When price rose to $2035 level, it broke it and made impulse to $2145, after which fell back to support line. Now, Gold trades near this level and I think price can fall to support line and then bounce up to $2080, thereby breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2