Gold breaking upward from bullflag: Next target = $2347Gold continuing to make new highs, as it begins traveling to some of our bigger measured move targets. On the way to those bigger targets, it has formed this smaller timeframe bull flag which it is now appearing to break up from which has a breakout target of $2347.*not financial advice*
F-XAU
XAU/USD 09 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's relentless bullish run following the Fed's dovish outlook.
Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS since weekly analysis dated 07 April 2024 where price continues to print all time highs.
Price is now trading within a confirmed internal range following bearish CHoCH.
First structural sign, but not confirmation that pullback is about to initiate is a bearish CHoCH, which price has printed.
Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate.
M15 Chart:
GOLD - Price can fall to support area and then bounce to $2370Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it some time traded in support area, after which bounced up to top part of flat.
After this, price bounced down to support area, after which it at once made upward impulse, thereby breaking $2210 level.
Also, XAU exited from flat and continued to move up in rising channel, where soon price reached one more support area.
But Gold at once bounced to support line of channel and then made upward impulse, breaking $2305 level and exiting from channel.
A not long time ago XAU turned around and started to decline, so, I think Gold can decline to support area.
Then price can turn around and start to move up to $2370 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XAUUSD: The Year of the Bulls 🐃XAUUSD: The Year of the Bulls 🐃
The last month or so has been a bullish infused few weeks for the precious metal gold, having surged above the 2000 level late last year with a spike up to 2140 and then settling down for the remainder of 2023 whilst initially being calm in Q1 price volume started to pick up in late february where it has since scaled to new all time highs with no precedence of any slow down occurrence.
NFP (Non Farm Payroll) finished the week with a bang pushing price into new territory at 2336 where it sits at this moment, with a little correction looming it is likely that xauusd will continue its ascent into the next quarter section.
XAU/USD 08-12 April 2024 Weekly AnalysisWeekly Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level.
Price is now trading within a fractal high and internal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
Weekly Chart:
Daily Analysis:
Analysis/Bias remains unchanged since last daily analysis dated 20/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
As mentioned on 31 March 2024, price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent as the CHoCH has been brought considerably closer.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook.
Price has printed further highs since last Friday's analysis dated 5 April 2024 where we continue to trade within a fractal high and internal low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
HelenP. I Gold can grow a little and then make impulse downHi folks today I'm prepared for you Gold analytics. Some days ago price declined to support 2, which coincided with the support zone, and at once rebounded and started to rise, but soon fell back and even lower support zone, reaching the trend line. After this, the price turned around and in a short time broke support 2 and then continued to move up between the trend line. Soon, XAU reached support 1, which coincided with one more support zone, and later broke this level too. After this movement, the price some time traded in consolidation, after which Gold fell to support 1 and then made a strong impulse up to 2265 points, thereby exiting from this pattern and breaking the trend line one more time. Then price continued to rise near the trend line and recently rebounded up from this line. So, at the moment, I expect that Gold will rise a little and then make an impulse down, below the trend line, thereby breaking it again. That's why I set my target at 2250 points. If you like my analytics you may support me with your like/comment ❤️
HTF Markup 8-12 Apr 2024 W15- 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
Weekly:
Daily:
4H:
Gold Spot / U.S. Dollar OANDA:XAUUSD
Weekly:
Daily:
4H:
British Pound / U.S. Dollar FX:GBPUSD
Weekly:
Daily:
4H:
U.S. Dollar / Japanese Yen FOREXCOM:USDJPY
Weekly:
Daily:
4H:
Australian Dollar / U.S. Dollar FOREXCOM:AUDUSD
Weekly:
Daily:
4H:
US Nas 100 OANDA:NAS100USD
Weekly:
Daily:
4H:
Bitcoin COINBASE:BTCUSD
Weekly:
Daily:
4H:
GOLD Price Prediction: NEW PARADIGM OR EXIT SCAM?!Here is the 14 years of GOLD price history and action. Looking at it we can locate a lot of triangle shaped during its movement.
📌 Nowadays we facing resistance zone of $1860 (2011-high) and this is important zone for the whole world.
Here is the chart of GOLD (XAUUSD) as pic:
Price consolidate in triangles over and over from 2007 and this is quite interesting. Now price in the upward triangle shape, which can be broken down according to 2011 same shape of triangle.
In 2011 we faced European Debt Crisis and price of gold surged down to 1000 low in 2015.
So now, price in upward triangle and what it will do next? I see very high possibility to breakdown at see small retracement, before breakout from 2011 highs $1860 reistance zone.
But there is a chances for bullish breakout now, so be careful.
There is a quite good chances for price rise over next 5-10 years to $3000.
Thanks for attention
This is Artem Crypto
Sell XAUUSD Channel BreakoutThe XAU/USD (spot gold) pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bullish channel pattern. However, a cautious approach is advised due to gold's safe-haven status.
Why Caution is Advised:
Gold's Safe-Haven Status: Geopolitical tensions, economic uncertainty, or risk-off sentiment can trigger sudden buying sprees in gold, potentially invalidating the short trade.
Sell Entry: Below the broken support level of the channel, ideally around 2290. This offers an entry point close to the perceived shift in momentum.
Target Levels:
2265: This represents the previous resistance level within the channel, potentially acting as initial resistance now.
2248: This is a further extension of the downside target, based on the height of the recent price movement.
Stop-Loss: Place a stop-loss order above the broken resistance line of the channel, ideally around 2307. This helps limit potential losses if the price unexpectedly rallies.
Thank you.
Gold analysis before NFP(4/5/2024)In our last analysis, we had anticipated the gold price to reach the 2300-2350 zone. right now the price has touched 2305$ and ranging.
We believe that the price has the potential to move upward and reach the 2325-2350 zone.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GOLD - Price can continue to decline to support line of channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price traded in support area, which coincided with $2030 level and soon broke it.
After this, Gold made retest and then continued to move up in rising channel, where in a short time price reached $2185 level.
But then, XAU bounced from this level and made correction movement almost to support line of rising channel.
Then Gold first made fake breakout of $2185 level, after which it soon finally broke it and made upward impulse.
Price reached resistance line of rising channel, but a not long time ago it turned around and started to fall.
So, in my mind, Gold can continue to decline to $2210 support line of rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XAU/USD 04 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed further highs since yesterday's highs (03-04/2024) where we continue to trade within a fractal high and internal low.
Further new high has meant location of ChoCH has been brought closer to current price.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS where it continues to print all time highs.
Price is now contained within bullish internal structure after confirmation of bearish ChoCH.
First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed.
It would be useful to note previous iBOS and bearish CHoCH which eventually lead to a further bullish iBOS as opposed to pullback initiation. This is primarily why the CHoCH should not be used as confirmation, rather weak indication.
Yesterday's intraday expectation was met.
Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate.
M15 Chart:
Gold approaches all-time highsIn the previous post on gold, we expressed our fears about the shiny metal amid a sudden spike in volatility and a slight drop in the U.S. market indices (accompanying the spike in VIX). Nevertheless, it did not take long for the volatility to falter and the fear to disappear among market participants. Quickly, the market leaped higher, and gold followed in tandem, breaking above $2,100. The overall picture improved at a fast pace, and now, gold trades merely $20 away from its all-time highs. However, as stocks and cryptocurrencies are reaching the euphoria phase, the case for a significant pullback in the two markets is growing, which could (temporarily) negatively affect gold’s performance; in our opinion, the stock market weakness is one of the biggest potential foes to gold going forward. Yet, this does not change our view of the big picture. We remain highly bullish on gold in the long term and maintain the price target of $2,300.
Illustration 1.01
Volume increases alongside the price, which is normally a positive development.
Technical analysis
Daily timeframe = Bullish
Weekly timeframe = Bullish
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.
GOLD $XAUUSD - Mar. 25th, 2024GOLD OANDA:XAUUSD - Mar. 25th, 2024
Weekly: Bullish
Daily: Bullish
4H: Bullish
BUY/LONG ZONE (GREEN): $2186.000 - $2280.000
DO NOT TRADE/DNT ZONE (WHITE): $2155.000 - $2186.000
SELL/SHORT ZONE (RED): $2072.000 - $2155.000
OANDA:XAUUSD had strong bullish momentum after breaking out of a previous range and is currently developing a new range at the top of the newly hit all-time highs. Looking to follow price to a further push up as that would be following momentum and trend direction, but there is also the chance of a breakdown into a bearish trend. There is zones shown for each direction as what I would use as safe entry points.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Gold is aiming for 2300-2350 zone!(4/2/2024)In our last analysis, the Gold price has been reacted to upper dynamic resistance. finally, buyers got the rope and broke above the upper dynamic resistance. Right now gold is bullish and buyers are buying in every dip.
We Are expecting the price to eventually reach into 2300-2350 zone this week.
Plus, we have NFP/Unemployment news this week.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
XAU/USD 02 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed further highs where we continue to trade within a fractal high and internal low.
New high has meant location of ChoCH has been brought closer to current price.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS printing all time highs.
Price is now contained within internal structure after confirmation of bearish ChoCH.
As with all HTF's it would be advisable to adopt patience and allow price to print structure before taking any action as opposed to picking tops.
First structural sign, but not confirmation, that pullback has initiated is a bearish CHoCH, which price has printed.
Intraday expectation would be for price to pull back following iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario is price to continue bullish and keep printing all time highs! This now seems less probable as price has made an attempt to close to above but has failed to do so.
M15 Chart:
XAUUSD - Bullish to $2300 - Gold Daily🚀 The price of gold is surging past the $2000 resistance with decisive strength, reflecting solid buyer conviction. #XAUUSD typically exhibits a two-legged movement pattern. With the major leg on the weekly chart and minor leg on the daily chart now well-established, we're setting our sights on an ambitious $2300 target. 🎯
This bullish momentum is not merely a surge—it's a testament to gold's enduring value in the market. Keep a watchful eye as we navigate towards this significant price level.
XAU/USD 01-05 April 2024 Weekly AnalysisWeekly analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish swing BOS followed by a bullish iBOS.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dotted line. Price has now printed a bearish CHoCH.
Price is now trading within an internal high and fractal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
Price could potentially continue bullish to bring the CHoCH closer to current price.
Weekly Chart :
Daily Analysis:
Analysis/Bias remains unchanged since last daily analysis dated 20/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent as the CHoCH has been brought considerably closer.
Daily Chart:
H4 Analysis:
Analysis/Bias remains unchanged since last analysis dated 29/03/2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price is now trading within a fractal high and low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new high.
Due to the bullish nature of the market and prices at all time highs, it would be advisable to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
GOLD - Price can rise a little and then bounce down to $2185Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price entered to falling channel, where started to decline between support level, which coincided with support area.
Later Gold one more time broke this level and fell to support line of channel, but at once turned around and made upward impulse.
After this, price broke $2040 level again, exited from falling channel, and entered to rising channel.
In this channel, XAU reached $2185 level, which coincided with support area, and soon broke this level.
Also then price reached resistance line, and then fell back, but recently XAU rose to this line again and now trades close.
In my mind, Gold can rise higher than resistance line of channel and then bounce down to $2185 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HTF Markup 1-5 Apr 2024 W14- 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
Weekly:
Daily:
4H:
Gold Spot / U.S. Dollar OANDA:XAUUSD
Weekly:
Daily:
4H:
British Pound / U.S. Dollar FX:GBPUSD
Weekly:
Daily:
4H:
U.S. Dollar / Japanese Yen FOREXCOM:USDJPY
Weekly:
Daily:
4H:
Australian Dollar / U.S. Dollar FOREXCOM:AUDUSD
Weekly:
Daily:
4H:
US Nas 100 OANDA:NAS100USD
Weekly:
Daily:
4H:
Bitcoin COINBASE:BTCUSD
Weekly:
Daily:
4H:
XAUUSD on the rise! 🚀✨ Gold's glow intensifies amidst rate cut XAUUSD on the rise! 🚀✨ Gold's glow intensifies amidst rate cut speculations. 💰📈 All eyes on the Fed's moves and the awaited PCE report! 🔍 but poised for a breather! 🌟💫 Amid rate cut speculations, gold's journey may pause for a pullback towards the 75% quarters level of 2200-2225. ⏸️💰 Stay vigilant as it readies to resume its ascension! 📈💎 Socials @OfficialKieranTrewick