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GOLD H1 Analysis | ShortHello, everyone! I’m excited to share my analysis for today on XAU/USD. As we dive into the market, I see a potential opportunity to go short, and I want to walk you through my thought process. It’s crucial to approach trading with a clear strategy, so let’s break this down together! Market Overview Gold has always been a safe haven asset, and its movements can be influenced by various factors, including economic data releases, geopolitical events, and changes in interest rates. As we analyze the current market conditions, I believe that there’s a compelling case for a short position. Technical Analysis Upon reviewing the latest charts, we’ve identified several key resistance levels that indicate a strong potential for downward movement. Look at the price action over the last few days—there’s been a noticeable rejection at the higher levels, suggesting that sellers are stepping in. Resistance Level: We've observed a solid resistance at , which has held firm against bullish attempts. Support Levels: Watch for potential support around . This can help us manage our risk effectively. Risk Management As we consider entering a short position, risk management is paramount. Remember, no trade is worth compromising your account. Here are some guidelines: Position Sizing: Determine your risk per trade based on your total account balance. A common approach is to risk no more than 1-2% on any single trade. Stop Loss: Set a stop loss just above the resistance level to limit potential losses. Risk-Reward Ratio (RRR): Aim for a minimum RRR of 1:2 or 1:3. This means for every dollar you risk, you should target at least two or three dollars in profit. Conclusion In conclusion, while the technical indicators suggest a good opportunity to short XAU/USD, it’s essential to proceed with caution. Always adhere to your trading plan, utilize proper risk management techniques, and maintain discipline. Let’s work together, share insights, and keep each other accountable as we navigate this market. If you have any questions or additional thoughts on this analysis, feel free to share! Happy trading, everyone! 💰📉
CAPITALCOM:GOLDShort
by HouseofProfit
OfficialKieranTrewick | XAUUSD 2HR Analysis | 3000? All time high crazy! Charting new territory the precious metal is at it again, starting the week with a suitable correction down to the previous 25% quarter level and dynamic support whilst creating a fresh higher low before the latter week ascent that broke through the 3 day resistance pivot level and into the 2600s where it just continued pushing until market close on friday evening. Whilst it just undercut the new 75% quarter level because of the close I can see that price slowed down upon reaching the dynamic resistance level and quarter level of 2525 indicating that we could see another correction down to 25% and the key pivot zone identified which aligns with both dynamic support lines before continuing its ascent into the upper 2600s. Due to the recent bullish momentum it is important that we follow price and trade with the confirmations that are created not chase what we want to happen, basically meaning price can still go up before any correction happens and analysis is a footprint to possibility not something to be traded based on but something to be used as a toolbelt essentially giving us a list of confirmations that can increase the probability of a trade that of which can always change. If you like this idea please drop a like and share it with your friends so they too can be in the loop with golds potential movements in the coming week. Analysis Conducted by OfficialKieranTrewick
OANDA:XAUUSDLong
by OfficialKieranTrewick
XAUUSD | Short from Resistance or NEW All Time High ? Everyone's favourite precious metal has been in a near month long range zone for the last few weeks following a surge to the all time high level of $2,532 and a range low of $2,471 in where gold has been stuck in consolidation even with Non Farm Payroll which failed to break this strong range zone. Most recently we have seen a large bullish surge in momentum that has driven gold from $2,484 to the now resistance topside of the range at $2,536 where it is likely to see another fractal pivot bring price back into the range however that being said with todays upcoming USD releases for the CPI + Inflation Rate traders are anticipating if this could be the day we break the topside and push for another all time high which could be likely but as always is a 50/50 gamble on such red flag events. Price action wise I will be aiming for the short range from $2,515 - $2,502 with a continuation of the range likely for the next 2 weeks, but as per any high impact news day I will be looking closely at the market structure and volume during these events whilst utilising correct risk management and preferable being out of my trades before and seeing where suitable entries lie following such events. What are your thoughts ? Let me know in the comments below :)
BLACKBULL:XAUUSDShort
by OfficialKieranTrewick
EURUSD Analysis==>Cup and Handle Pattern==>>Pennant PatternEURUSD is moving near the Support zone($1.105-$1.103) and managed to break the Downtrend line . If we look at the EURUSD chart from the point of view of Classic Technical Analysis , we will notice two Cup and Handle Pattern and a Bullish Pennant Pattern . After breaking the neckline, I expect EURUSD to rise to at least the Resistance zone($1.111-$1.109) . Euro/U.S.Dollar Analyze ( EURUSD), 15-minute Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3
XAUUSD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME HELLO TRADERS in the last chart reached full target . Tendency , prices is under downward pressure , until trading below turning level at 2,509$ Downward Condition : With the price holding steady at the current turning level at 2,509$ , it is likely to decline towards the support level of 2,491$. If it stabilizes below this level, it could then reach the next target level of 2,474$ . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 2,509$ , leading to a rise toward the resistance level (1) at 2,519$ . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 2,526$ . XAUUSD / buy above 2.509$ SL: 2,503$ TP: 2,516$ TP: 2,519$ TP:2,526$ XAUUSD / sell below 2,509$ SL : 2,512$ TP : 2,500$ TP : 2,491$ TP : 2,474$
OANDA:XAUUSDShort
by ArinaKarayi
XAGUSD / TRADING BELOW FVG - 4HXAGUSD / 4H TIME FRAME The market trend is largely bearish, with the price staying below the turning level of 29.98, indicating a potential drop to the support level (1) at 28.11, and possibly further to the next target at 27.18. However, if the price breaks through the bounce level, it may shift upward toward the resistance level (1) at 29.51. To confirm a bullish trend, the price must break through this resistance and stabilize above it, aiming for 30.48 . KEY LEVELS : TURNING LEVEL : 29.98 RESISTANCE LEVELS : 29.51 , 30.48 SUPPORT LEVELS : 28.11 , 27.18
OANDA:XAGUSDShort
by ArinaKarayi
XAUUSD 4HR Analysis | The Bulls Are Taking a Breather | XAUUSD 4HR Analysis | The Bulls Are Taking a Breather | Gold has recently hit an all time high of 2530 and since has tested the breakage of this level a few times, in my last analysis I provided a detailed explanation of the current mining production status globally and JPY/USD economic data that could impact the price movements in the bulls favour however it seems that short term we may see a correction into the upper 2400's before any renewed price surges, with the bullish momentum volume slowing down and various bearish confirmations coming into play. Over the last few days Gold has broke below the dynamic support + resistance level whilst also dipping below the 200 EMA on smaller timeframes and the 50 on larger such as 4HR, with the recent completion of 25% to 75% quarters and a pivot off the upper bollinger band its likely that the precious metal could take a breather down to 2,460-70 where the 200 ema lies along with a key support and resistance level and the lower bollinger band matching 25% quarter level. With the US holidays in action today the start of the week has been sluggish with little to no volatility and price sticking in its range alongside not being able to break back above the 50 ema and dynamic s+r, the bears remain in favour until price can break this structure level back into the 2520's and thus i would not consider any long term buys with so many key psych resistance levels in between us and the ATH pivot level. I will be keeping close eye on the key support zone of 2460-70 for suitable long term buy entries and in the meantime trade intra on price structure and short term confirmations with my group.
BLACKBULL:XAUUSDShort
by OfficialKieranTrewick
GBPJPY bullish continuation expected GBPJPY we are have strong bearish push, which is be based on BoJ rate cut which we are have before 2 weeks, when they are raise rates. On D TF on 21.8 price is make bounce on strong zone, on lower TF 4h we can see SYMMETRICAL TRIANGLE pattern created, its also breaked, for me 191.00 is be strong zone which can be used for confirmation of break of SYMMENTRICAL TRIANGL (next zone which can be used dor confirmation is 192.00). Currently price looks like its make break, JPY is make strong bearish push in last periods with many majors now expecting to see some rebounces, technically with many looks bearish. TP1: 194.600 (300) TP2: 196.600 (500)
Long
by DepaTrading
US30 ( UNDER BULLISH PRESSURE - 4H US30 / 4H TIME FRAME HELLO TRADERS in the last analyses reached our target + 450 pip profit . Tendency , prices is under upward pressure , until trading above turning level at 2,507$ Upward Condition: With the price holding steady at the current turning level (1) at 41,040 and retest with stabilizing above turning level (2) at 40,680 , it is likely to rise towards the resistance level (1) of 41,401. If it stabilizes above this level, it could then reach the next target level of 41,864. Downward Condition : To reach the 40,239 support level (1) , the price needs to first break the turning level (2) by closing a 4-hour candle below 40,680 . If it stabilizes below support level (1) , a further decline toward the support level (2) at 39,812 can be anticipated . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 41,401 . RESISTANCE LEVEL (2) : 41,864 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 40,239 . SUPPORT LEVEL (2) : 39,812 . TURNING LEVEL : 41,040 , 40,680 .
EIGHTCAP:US30Long
by ArinaKarayi
GOLD Analysis | Mines & World Events | OfficialKieranTrewick | Gold In Depth Weekly Analysis Gold Mine Productions : XAUUSD Surged last week reaching 2 new all time highs of $2,500 and $2,530 amidst ongoing tensions in the middle east, BTC reaching over 90% mined whilst Gold mine productions are struggling to reach the last few years production ratio as they declare it is getting harder to find the precious metal, although the first quarter of 2024 we saw production increase by 4% essentially we have not seen any growth since 2016/2018 with the annual production rate staying around 3,000 tons. New deposits are becoming increasingly harder to find although we have seen some over the recent years such as the current most productive mine based in Uzbekistan and China still leading the race with Australia following closely behind but one thing they have in common is reports of increasingly difficult new metal deposits found. Aside from the discovery process, government permits getting harder to secure and requiring more time to come through have made mining more difficult. Securing licenses and permits needed before mining companies can start operations can take several years. USD News Correlations : Moving onto recent USD events where we saw that the asian markets have remained cautious this Friday as investors closely watch for US Federal Reserve Chair Jerome Powell's speech at Jackson Hole, seeking new insights into the future direction of interest rates. Traders are anticipating significant rate cuts from the Fed due to indications of a weakening labor market. This risk-averse sentiment has driven increased demand for safe-haven assets like US government bonds, leading to lower Treasury yields and a decline in the US Dollar. The Dollar's weakness is also compounded by a fresh round of selling against the Japanese Yen, following hawkish comments from Bank of Japan Governor Kazuo Ueda, who spoke to the parliament on Friday. Governor Ueda reiterated his readiness to hike interest rates if inflation appears set to consistently reach the 2.0% target, though he expressed caution about potential instability in financial markets. Gold, despite a recent recovery, seems poised for its second consecutive weekly decline, with a Fed rate cut in September widely expected. However, Powell's upcoming remarks will be key in determining the extent of future easing measures. On Thursday, gold prices fell by about 1% as the US Dollar bounced back strongly from over a one-year low against other major currencies, amid deteriorating risk sentiment spurred by disappointing US S&P Global business PMI and Jobless Claims data. Additionally, traders have been adjusting their positions ahead of Powell's anticipated speech at Jackson Hole on Friday. Gold prices rebounded on Friday after two days of losses, rising as the dollar and Treasury yields fell sharply. This came after Federal Reserve Chair Jerome Powell confirmed expectations for upcoming interest rate cuts. At the Jackson Hole conference, Powell stated that the Fed is prepared to lower interest rates from their current peak as the labor market shows signs of slowing. He emphasized that future rate cuts would depend on economic data and risks. Following Powell's remarks, the dollar index dropped 0.83 points to 100.67, and Treasury yields also declined, with the two-year note at 3.926% and the ten-year note at 3.817%. JPY News Correlation : According to Market Analyst Konstantin Oldenburger from CMC Markets, the relationship between the Japanese Yen and gold prices has strengthened once again, and a stronger Yen could be a positive sign for gold. Oldenburger noted that the Bank of Japan might have stepped in to stabilize the weakened Yen last Thursday. He suggested that such interventions could become more feasible if the Federal Reserve shifts its monetary policy stance. He further explained that U.S. stocks generally perform well when interest rates are high because liquidity flows back into the USD. However, when rates decrease, this liquidity tends to exit the dollar and seek alternative investments globally. "The Yen could gain from this reallocation," he remarked. After the U.S. released its June CPI data last Thursday, the USD/JPY pair dropped over 2%, sparking speculation that Japan’s Ministry of Finance had intervened. It is noted that hedge funds currently have limited long positions in the Yen and mainly hold short positions, which could need to be covered if a short squeeze occurs. If the Yen continues to strengthen, hedge funds may be under more pressure to reduce these short positions. Historically, a stronger Yen has been positively correlated with gold prices, suggesting that gold could also see gains. Gold prices continued to climb on Tuesday due to increased safe-haven demand from China. The People’s Bank of China (PBoC) issued new import quotas for gold to banks, sparking speculation about a surge in demand, according to broker SP Angel. The demand for gold as a safe haven in China rose after Chinese 10-year government bond yields hit record lows last week, leading Chinese investors to look for alternative safe-haven assets, with gold being a prime choice and as we know the chinese yuan is heavily correlated with the japanese yen. Conclusion With gold currently priced at $2,511.36, the outlook remains bullish in the short to medium term, especially if current economic uncertainties persist or worsen. Monitoring central bank policies, inflation data, and geopolitical events will be crucial for assessing how high gold prices could go from here. The potential for reaching $2,600 or even higher is present, particularly if market conditions align favorably for gold. What are your thoughts on Gold and its future outlook, let me know in the comments below!
BLACKBULL:XAUUSDLong
by OfficialKieranTrewick
EURUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )EURUSD HELLO TRADERS in the last week the price of OANDA:EURUSD trading between turning level at 1.094 and support level (1) at 1.088 , currently price stabilizing below turning level this allows them to lower prices for the support level (1) . Tendency , the price is under bearish pressure , until trading below turning level . Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.094 , leading to rise that could reach the resistance level (1) 1.099 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.102 and 1.105 . Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at1.088 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.084 and 1.078 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.094 before dropping . TARGET LEVEL : RESISTANCE LEVEL : 1.099 ,1.102 , 1.105 . SUPPORT LEVEL : 1.088, 1.084 , 1.078 .
Short
by ArinaKarayi
1
USDJPY ( INSIDE ASCENDING CHANNEL ) (4H) USDJPY HELLO TRADERS Tendency, the price is under upward pressure , until the price trading above support level (1) at 144.354 . Upward Zone : until the price trading above support level (1) , may make be ascending channel , currently the price trading above turning level at 145.808 , to rising reach of a resistance level (1) around 149.186 , to confirm upward , price need breaking by close 4h candle above 149.186 to reach resistance level (2) at 152.225 , may be the price reserve and breaking turning level to reaching a support level (1) at 144.354 , after starting a up trading to inside resistance zone . Downward Zone: should the price reserve and breaking turning level at 145.808 , indicates dropping to support level (1) around 144.354 , to confirm downward , the price it will be breaking 144.354 , by closing 4h candle below it to reach support level (2) at 142.275 , called support zone have been buying increase in this zone . Corrective level :Price may make a correction at 145.808 & 144.354 , before rising . TARGET LEVEL : RESISTANCE LEVEL : 149.186 , 152.225 . SUPPORT LEVEL : 144.354 , 142.275 .
Long
by ArinaKarayi
EURUSD Analysis==> H&S patternEURUSD reacted well to the Potential Reversal Zone(PRZ) and Heavy Resistance zone($1.1185-$1.098) . According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing five impulsive waves , and we should wait for EURUSD to decline . From the point of view of Classical Technical Analysis , it seems that Head and Shoulders Pattern is likely to form. I expect EURUSD to continue to decline, at least in the Support zone($1.0885-$1.0860) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
DXY ( BREAKOUT AND AGAIN INSIDE CHANNEL ) (4H)DXY HELLO TRADERS Tendency, the price inside sensitive area , trading nearly turning level at 103.221 . Upward Zone : as long as the price should be breaking turning level at 103.221 , refers active upward zone , currently the price trading below turning level at 103.221 , to rising inside resistance zone between 103.690 & 104.477 , first thing for this rising reach of a resistance level (1) at 103.690 , by closing 4h candle above it easily reach next level at 104.477 , to confirm a rising , the price should be breaking resistance zone because in this zone have been many sales before . Downward Zone: until the price trading below turning level around 103.221 , indicates dropping to support level (1) around 102.736 , to confirm true decline , the price it will be breaking 102.736 , by closing 4h candle below it to reach support level (2) at 102.310 , called support zone have been buying increase in this zone before . TARGET LEVEL : RESISTANCE LEVEL : 103.690 , 104.477 . SUPPORT LEVEL : 102.736 , 102.310 .
TVC:DXY
by ArinaKarayi
1
EURUSD Analysis==>>Reversal PatternsEURUSD is moving in the Resistance zone($1.0920-$1.0870) and near the Resistance lines . If we want to analyze the EURUSD chart from the point of view of Classical Technical Analysis , two Reversal Patterns are clearly visible: Head and Shoulders Pattern & Bump-and-Run Top Pattern . --------------------------------------------------------------------- Educational tip :👇 The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one appears on the chart. The price pivots at the peak and then falls like an avalanche. In this scenario, only professional traders survive and thrive with considerable portfolio gains. In the following section, I will teach you how to make money when there’s blood in the snow! This pattern forms when the price rallies too far up. People second-guess themselves buying at such high prices while sellers sell confidently, causing a downward trend. This means you can see a clear reversal in the Bump-and-Run Reversal Top Pattern. Although this pattern is considered a single entity, it consists of three separate parts or phases: 1) Normal and steady trend, called the “Lead-in Phase.” Imagine it as walking up a mountain. 2) Market participants going crazy with greed, called the “Bump Phase.” You can imagine this one as an ascent to the mountain’s peak. 3) The price falling and causing bloodshed of candles, called the “Run Phase.” At last, you ski down the snow, collecting profits on your way. --------------------------------------------------------------------- According to Elliott's wave theory , EURUSD seems to have successfully completed five impulse waves . Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . After breaking the support trend line and Neckline , I expect EURUSD to fall at least to the Support zone($1.0820-$1.0776) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3
USDCAD → Trade Analysis | SELL SetupUSDCAD forms a false breakdown of resistance, reached the resistance zone, but was subsequently pushed back down. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1