Could Gold continue its rise?Gold continues to sit nicely in a strong bullish channel. The major support is at 2038 which is a pullback support level - price could potentially bounce off this level before rising towards our 1st resistance at 2056 which happens to be a multi-swing high resistance.
Alternatively, if price breaks the pivot and ascending channel, we could see it drop towards 1st support at 2025 which is a swing low support + 38.2% fib retracement.
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F-XAU
GOLD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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Gold can reach resistance level and then start to declineHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago rebounded up from the seller zone and rose to 2088 points, after which it turned around and started to decline in a downward channel, where soon price declined to the 2060 level and broke it. Then Gold declined to the support line, after which it rose to the resistance line, where it turned around and in a short time fell back. Price declined to the support line, which coincided with the support level with the buyer zone and soon Gold rebounded and started to rise to the resistance line of the channel. When the price reached this line, XAU broke it, thereby exiting from the channel and rising to the resistance level, but then Gold entered to triangle, where it made a downward impulse from the resistance line to the support line, breaking the 2005 support level. After this movement, the price turned around and in a short time rose to the resistance line of the triangle, thereby breaking the 2005 support level one more time. At the moment, I think that Gold can exit from the triangle, rise to resistance level, and then start to decline. For this case, I set my target at the 2025 points. Please share this idea with your friends and click Boost 🚀
XAU/USD: Bearish Channel Breakout
Hello Traders,
I'm excited to share some insights on XAU/USD:
The bearish channel has been successfully broken, and a new bullish trend has emerged.
While the new bullish channel appears relatively narrow, it's important to remember that breaks above or below it may not necessarily indicate a change in trend direction.
Here's our strategy:
Keep a close eye on lower time frames for potential opportunities.
If we observe any breaks above 2041.114 in lower time frames, it validates our zone in the 15-minute chart.
Typically, we exercise caution with 15-minute zones and avoid taking excessive risks. However, if it coincides with the bottom of the bullish channel, we may consider a standard risk approach.
Stay vigilant and trade wisely!
Best regards,
XAUUSD 4HR Analysis + Trade IdeaMy name is Kieran Trewick and I am a full-time trader with 6 years of experience in the industry. With my coaching service, you will have the opportunity to work directly with me to learn the ins and outs of Forex trading and gain the knowledge and skills you need to become a successful trader. One of the unique aspects of my coaching service is that it goes on indefinitely. This means that even after you become confident in your own trading abilities, you will still be able to communicate with me and receive ongoing support and guidance.
During our coaching sessions, I will teach you everything you need to know about trading Forex, from the basics and fundamentals to more advanced strategies and techniques including that of my own.
This includes how to use trading platforms, which brokers to choose, how to place trades, and how to understand different order types and tools. I will also cover topics such as trend lines, support and resistance, price action, trading psychology, and in-depth analysis of indicators and some of my winning strategies.
As everyone learns at a different pace and has a unique approach to trading, I have structured my coaching service to be indefinite. This means that I will continue to work with you until you become a successful, consistent trader who is confident in conducting your own analysis.
If you are interested in signing up for my 1-1 coaching service, please contact me directly or visit my website for more information. I look forward to working with you and helping you achieve your goals as a Forex trader!
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BUY TRADE SETUP ON XAUUSDHey Traders,
Check out this technical analysis on XAUUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a breakout above the flag pattern before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
XAU (gold)
Hello friends
Unfortunately, I can't upload a video for you since yesterday
I will post it as a picture
We are currently moving in an upward channel, in the upward path we have many important resistances that have been drawn and the price can have corrections from these areas. Weakness can be seen in the upward direction, and also the data is in favor of the dollar and personally. I expect the price to go down and I see the movement of the price towards 2055 as an opportunity to sell
Do not log in without getting confirmation and be careful not to fall into the trap of unsuccessful failures
GOLD - Price can make correction movement and then continue riseHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to trades in flat, where it soon declined to support level, which coincided with support area.
Then Gold made upward impulse to resistance zone, which coincided with $2055 level, but at once turned around and fell.
Price some time traded near $2015 level and soon broke it, thereby exiting from flat and felling $1985 points.
Gold started to grow in rising channel, where it rose until to resisance line, breaking $2015 level again.
After this, price made correction from resistance line to support line, but recently it continued to rise in channel.
Now, I think that Gold can make correction movement, after which it will continue to grow to $2055 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HTF Markup 26-1 Mar 2024 W9 - 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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Daily:
4H:
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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4H:
Australian Dollar / U.S. Dollar FOREXCOM:AUDUSD
Weekly:
Daily:
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US Nas 100 OANDA:NAS100USD
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Bitcoin COINBASE:BTCUSD
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XAU/USD 23 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS. Internal range established.
Bullish pullback currently underway indicated by bullish CHoCH.
Intraday expectation is for price continue bullish, react at 50% (preferably within premium zone) or react at M15 POI as both are positioned nearby.
Price to then continue bearish to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS. Internal range established.
Bullish pullback currently underway indicated by bullish CHoCH.
Intraday expectation is for price continue bullish, react at 50% (preferably within premium zone) or react at M15 POI as both are positioned nearby.
Price to then continue bearish to target weak internal low.
M15 Chart:
GOLD → SELL| SETUP → Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
XAU/USD 22 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
As mentioned yesterday (21/02/2024) I was awaiting price to print bearish CHoCH to indicate, but not confirm, that bullish pullback is complete.
First structural indication that pullback is complete would be for price to print a bearish CHoCH which we now have.
Current expectation, await bearish price action (we now have bearish CHoCH) to confirm bullish pullback is complete for price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Bearish pullback currently underway indicated by bearish CHoCH.
Price is currently reacting to the upper part of discount to 50% EQ of the internal range.
Intraday expectation is for price continue bullish to target weak internal high. Price may continue bearish, react at M15 POI before targeting weak internal high.
M15 Chart:
Buy XAUUSD Channel FormationThe XAU/USD pair (spot gold) on the M30 timeframe displays a potential buying opportunity due to the presence of a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel, characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure.
Recent Price Action: The recent price action shows the price holding above the support line of the channel, indicating continued bullish momentum.
Buy Entry: Consider entering a long position around the current price of 2026, positioned near the support line. This offers an entry point close to potential buying pressure.
Target Levels: Initial bullish targets lie at the previous resistance level within the channel, now acting as potential support: 2046. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
If Price Breaks the Channel, its Starts Bearish like, Channel Breakout Pattern.
Thank you
Gold can rise higher than resistance line and then start to fallHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a not long time ago started to trades in a range, where it rose in a short time to the top part and even higher to the resistance line, but soon it turned around and declined back to the range. Later price declined to the support area, but in a short time rose back to range and some time traded near the 2025 current support level. But a few moments later Gold exited from range and made a strong impulse down to the buyer zone, which coincided with the 1995 support level, breaking the 2025 level. Soon, XAU bounced from the buyer zone and rose higher than the 1995 level and then started to rise near the support line to the current support level. And in a short time later, Gold reached this level, broke it again and at the moment, it trades near the support line. So, in my mind, Gold can rebound from the support line and rise to the 2035 - 2040 zone, thereby breaking the resistance line, after which it will turn around and start to decline, and maybe lower the support level. Therefore I set my TP at the 2015 level. Please share this idea with your friends and click Boost 🚀
GOLD - Price can continue to decline in falling channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price made upward impulse to $2085 level from $1990 level, which coincided with support area.
But then price declined to support area, and then in a short time rose back near support line, making fake breakout of $1990 level.
Next, Gold entered to falling channel, where it first broke support line and later declined to support line of channel.
After this, price rose to resistance line, but it didn't fixed and in a short time declined to support level.
Also recently, Gold bounced from this level and started to move up, so, I think XAU can reach resistance line of channel.
Then price can bounce from this line and start to decline to $1990 support level in falling channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Gold Buys OpenWhat's up folks, Currently in a buy on gold
Let me explain
These are my confirmations\questions >
Question 1 - Is gold in momentum (bullish or bearish)?
Yes, gold is in bullish Momentum currently
Question 2 - Who is interested (at this time)?
Buyers are interested at this time
Question 3 - Where are their stop losses?
Stop losses would have been right below the highlighted levels (orange line)
Question 4 - Have those stop losses been taken out?
Yes I believe Stop losses have been taken out already
Question 5 - Does the set up make sense to me to pursue?
Yes I believe it makes sense for me to pursue this trade given the information I have
Thus far the trade had given me about a 1:1.91 RRR but it came back to my entry, I believe however it is likely to continue, so I think I will hold it
I have many more confirmations I look for, this is just to simplify it so that I can quickly explain to you the reader
Downvote if you didn't read this post and didn't try to understand
OR
Upvote if you did read this post and did try to understand
P.S I was in a trade on EJ on Friday and that took me out (Minus 10 pips) - this is just for transparency sake
Two potential swing trades for goldGold futures saw a false break of $2060 on Wednesday, before momentum turned lower and sent prices back beneath the weekly and monthly pivot points. Those pivots have since turned into resistance, before gold saw a trendline break.
As RSI (2) is oversold and prices have found support at the 10-dy EMA and daily S1 pivot, bulls could seek a near-term swing long trade with a stop below 2045 and a target back near the pivots.
At which point, we see the potential for another leg lower, so bears could seek evidence of a swing high and for a move back down to $2040, or the swing lows near the daily S pivot.
HelenP. I Gold will make retest and continue grow to $2030Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price a not long time ago declined to the 2030 resistance level, which coincided with the resistance zone, and started to trade near. A few moments later, the price rebounded from the resistance zone and rose to the trend line, after which XAU turned around and started to decline in a downward channel, where firstly price fell to the 2030 level. As well soon, the price declined to support line of the channel, but soon Gold rebounded and rose back to the resistance zone, where it one more traded and then finally broke the 2030 level and continued to decline in the channel. Price tried to back up, but failed and made an impulse down from the resistance level to the support line of the channel, breaking the 2000 support level, which coincided with the support zone. Gold some time traded near this level and then broke it, made a retest, and continued to grow to the trend line, which coincided with the resistance line of the channel. Recently, XAU broke this line, thereby exiting from the downward channel and now it trades near. For my mind, Gold will make a retest, after the breakout and then continue to rise to the 2030 resistance level. That's why I set my target at this level. If you like my analytics you may support me with your like/comment ❤️