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XAUUSD Bullish And Bearish PlanLast month I was stopped out on a bullish setup on gold, that was looking to get exposure to a new bullish movement above the previous all-time high zone. However, the setup didn't go as expected and my stop loss was triggered. Remember, always let your stop loss gently take you out of the market, and assume that controlled loss. Now is time to redefine the next possible setup I will be taking on the precious metal. Current context: a) The price is between a major Support and resistance zone, with inner support & Resistance level. b) Regarding trendlines we can see two. A bullish trendline, and a bearish trendline. Both represent the levels where we can start thinking about new setups. In the meantime, while the price is between them, I will avoid trading. Let's understand the possible two swing setups I'm interested in taking. Bearish Setup: Bullish Setup: As you can see, both scenarios wait for the breakout of the descending trendline, followed by a retest. Positions get open on a new high/low. Stop loss is defined on the high/low of the retest. Target is defined on the next major support/resistance zone. All of them provide a risk to reward ratio above 2. At the moment none of the two scenarios is defined, and patience is a key element to apply here. AVOID trading, if the price is not following the filters you have defined. That will help you improve the quality of the setups you get exposure to. Thanks for reading!
OANDA:XAUUSD
by ThinkingAntsOk
Gold - What to expect from the FOMCIn our latest post on gold, we noted that the bearish trend lacked momentum, which would result in a sideways moving price action. We said that gold profit-taking would ensue to cover traders' losses elsewhere. We expect this trend to continue in the short term. We will pay close attention to the FED on Wednesday as it is expected to hike interest rates by 50 basis points. In our opinion, this will put further pressure on the U.S. economy, which will see more selling pressure. That is particularly bearish for gold in the short term. Therefore, we voice caution throughout this week as we expect gold to manifest high volatility. Indeed, we think there are high odds for gold to see a short-lived flush that will take it towards 1800 USD. Although in the medium and long term, we remain bullish. Illustration 1.01 The picture above illustrates XAUUSD on the daily time frame and volume below it. Technical analysis - daily time frame RSI, MACD, and Stochastic are bearish; DM+ and DM- suggest that same condition. Meanwhile, volume is declining, which suggests fewer people are willing to sell at the current price level. We expect volume to drop even more if the price continues lower. Overall, the daily time frame continues to be bearish. However, we think lower prices from the current level are attractive for accumulating more gold. Technical analysis - weekly time frame RSI is bearish. MACD is also bearish; however, it still hovers in the bullish area. Stochastic is bearish. DM+ and DM- are bullish, although if a bearish crossover occurs, it will cause us to change our medium-term to bearish. Overall, the weekly time frame is 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. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
2
GOLD 4 hour : USD index go up push gold down but… if you remember i was Alert you if friday low break , gold can go downer true ? i was buy gold near 1900 and eat SL in friday low , now we must wait green arrow 1830( put buylimit there) or red trendline break for inter buy and hold 7-8 day to high personaly i belive gold will see 1950 soon , despute it can goes downer if you have buy (why you dont put SL in last low?) dont fear , dont panic , gold main trend daily chart is up , after some down move , it will start + up trend , just dont close your buys sooner than 1940-1950 still we dont advice for pick sell on gold , gold each second can fly up wild www.cnbc.com good luck , sometimes dont open trade is best trade !!!!!! you must go back and wait for next powerfull low place
FX:XAUUSDShort
by ramin_trader2006
12
Gold 4 hour : gold next target is fibo 61% 1950 if big news not come , technicaly AC indicator on daily chart turn green now gold have buy now to fibo 61% then fibo 161% near 2100 in bad scenario if gold break low ,can go down to 1840(buylimit place) but again will start + up trend to near 1950 if you have sell you must close sell now near 1896 (or hedge it) and pick buy now if you have buy , dont fear ,main trend is + up to 1950 ( alert = if news comes and gold break low , you must put SL in low ) good luck , dont open big size , stand on very very low size with SL in low and big TP ALERT= BREAK RED TREND LINE IS POWERFUL BUY SIGNAL CAN SHOOT GOLD TO 2100 so be careful from sell , 100% put sl and never remove it ( selk on gold is very very dangrous , it love go up ) www.tradingview.com
COMEX:GC1!Long
by ramin_trader2006
1
Gold 4 hour : 1950 is gold frist target if news not come (low not break) technical say fibo 61%=1950 and (if red trend line break) 2nd target is fibo 161% 2070 for now put buystop on high possible (low size) ,,, buylimit near 1900 with SL =1871 or 10.00 point if you have old sell , close all near 1900 or pick hedge buy (hedge buy size=1.5*total sell) if you have buy , be patient until fibo 61% , dont close sooner personaly i am looking for pick buy now ( AC daily is green , trendline break , pinbar comes on daily chart) ALERT = AS PREDICT BEFOR GOLD CAN FLYUP TO 2070 OR 2100 , DONT PICK REVERSE SELL j ( gold can go up witout pullback , dont allow you close your sell) instead looking for buy in deep www.tradingview.com
FX:XAUUSDLong
by ramin_trader2006
5
XAUUSD my current setup explained. Hello Everyone! Few days without posting. Let's go back with a post on Gold. On the precious metal, I have a pending setup that was not activated yet. I'm currently using GC! (gold futures) as the instrument to gain exposure to this asset. Here is the explanation of my setup. Let's get started. As the price reached a key level and made a clear corrective pattern, I decided t set pending orders above the resistance zone. The objective is to enter the market on the actual breakout of this structure and avoid possible Fake outs. Of course, we will never know when we are in front of a breakout or a fake-out. However, we can maximize our chances by giving enough space to the price. The risk to reward ratio of this setup is 3. That means that for every unit of risk I'm taking, I aim to make 3 times that in profit. The expected duration of this setup is between 2 to 4 months. What if this situation goes wrong? IF the setup is activated, I have a stop loss where I'm risking 3% of my capital as the worst-case scenario. I'm locking my risk at that value or close to that value (depending on executions and market volatility.) IF the setup is not activated, and I observe a new low below the structure, I will cancel the setup at the moment, and I will wait for further confirmation. Based on historical data , I have concluded that this is a good situation to gain exposure to gold. One of the similarities that caught my attention was comparing this with the previously bearish market from 1980 Until 2008 when the price went to the previous ATH. At that point, we observed a similar corrective pattern and, after that, a new bull run. Thanks for reading; I hope the post was helpful. Feel free to share your view and charts in the comments. Protect your capital!
COMEX:GC1!Long
by ThinkingAntsOk
2
GC - GOLD appears to be following IndicesWith the DX looking at a potential breakout on Overbought conditions, this appears to be shades of 2008 May Timeframe. A period where, against all odds then, Gold collapsed, seeing a similar pattern for GC now. Silver appears to be leading the way as Gold in almost every Currency is breaking out. ______________________________________________________________________________________ Daily Gaps below, a MACD that illustrates deep divergences. A break of 1850 on volume will provide a better indication.
COMEX:GC1!
by HK_L61
Gold daily chart say : fibo 61% 2000 is gold upper target 🎯 AC indicator is red so in coming days if high not breaks = gold can go down to above green arrow 1950 (we must buy) then start new up trend to 2000 ALERT : DOW, DAX can go up so gold can crash , if it break big trend line , it can go to 1900 or 1850 trendline (Green Arrow we must buy and hold it to high) ALERT: technical say gold upper target 🎯 is fibo 161% (2100-2180 area) (weekly chart 📊 fibo 161% show gold can reach 2400$) advice= still looking for buy in deep , when Pinbar apear on 1hour or 4hour or daily chart 📊 come , or gold break trendline to up , pick ⛏️ buy with SL in last low or day low ,,, never use big size, big levrage and remove SL , it can crash to 1850 by dow dax go up if you have old sell , you must put SL or hedge buystop on Friday high , set tp for all sell=1952 if you have old buy , set all buy TP = 2000 , gold after touch 2000 can start down trend good luck
FX:XAUUSDShort
by ramin_trader2006
2
Gold 4 hour : are you ready sell under red trend line ? 1930 1940 is important level , under it technically gold is sell, AC indicator on daily chart is red now (despite pinbar on daily chart ) , if black trend line and 1940 break , trend will switch to + up (100% put SL=1942 and sell low size ok?, don't close it soon gold down target 🎯 is 1850!!!!!!, wait minimum 3 day ) if you have old buys , close it under red trendline (or hedge it) good luck , for pick buy wait 1850 in down or 1940 trendline break
FX:XAUUSDShort
by ramin_trader2006
14
+340 Ticks GC one hour time frameThe GC one hour time frame is in an up channel The market is near the bottom of the channel showing signs of pushing towards the top of the channel. Entry: Counter trend line break bullish near the bottom of the channel. STOP: 1907.4 LIMIT: 1969.8 As long as the market stays above the bottom of the channel it will be a good idea to turn to the five minute time frame and to look for tunnel trader long / destination trader long ideas towards the one hour up Fibonacci: 2002.7
COMEX:GC1!Long
by JoshuaMartinez
3
Fall potential on Gold #options #ai #mlOption data and AI algorithm from analysis data from this market show the possibility of retreat from growth and switch to Bears taking control over. We have a powerful resistance (supply zone) around 2060, and Virgin VPOCs can be found only below the current price level (for a moment of writing analysis). Current option support is 1881 and this is a key level when it comes to potential closure of the downward movement. To Gamma Flip (whose exceeding will increase the volatility on the market) still far (1786), but it is worth observing what will happen on subsequent sessions. Falls will be negated after exceeding 1975. I take into account all Expiration from the gold option, which are then treated by the Machine Learning script. AI in this case shows the main key levels on the market and conclusions from data analysis. They are exported to the Quandl base and then imported to TradingView. Data is also published every day a week, on my website. Remember - knowledge and data are power, in this case, increasing significantly a chance for profitable trading :)
COMEX:GC1!
by skyline-trader