Gold All Time Bullish ! Gold Next Move Buy or sell?Go through the analysis carefully, and do trade accordingly.
Resistance- 2685-2695
Resistance-2700-2710
Resistance- 2717-2725
Support-2650-2645
Support-2620-2610
Strong support area- 2595-2585
Gold Signal Daily for the week
Current price- 2672.5
Advice-For Buying
Buying area= 2640-2645
Best Buying Area= 2620-2625
Best selling area= No Confermation
-POSSIBILITY-1
If 2685 break and sustain then you can sell gold with retest target will be 2700-2717
-POSSIBILITY-2
If it breaks 2650 and sustains then you can sell gold with retest target will be 2620-2615
Gold-buys
XAUUSD 16/09/24This week for gold, we are building on the overall outcome of last week's price action, which was a new all-time high—a move we’ve been anticipating for the past few weeks. Price action remains clearly bullish and continues to maintain its upward bias across both higher and lower timeframes.
With this in mind, we need to wait for a clear high to form within the hourly to daily timeframes in order to determine where we expect the price to pull back to until the high of our range is established. For now, we are simply anticipating price action to continue moving upwards. Please refer to the chart for potential short-term price pullbacks if the current high is maintained.
We have a straightforward trajectory of institutional price action heading to the upside. There is a clear area of demand that broke the previous all-time high, so a pullback to these areas is possible. However, until a new high is established, we can’t form a solid short-term pullback bias.
Remember, when prices are reaching new all-time highs, the last thing you want to do is short the market. Therefore, our bias remains long, as it has been for the past several months.
Trade safely, stick to your risk management, and always follow your plan.
GOLD scalp ideaLooking for gold buys or sells depending on where the FIVE MINUTE candle closes respective of the levels marked in the chart
Gold has seen a strong push to the upside and I don't believe it's completely exhausted yet. However, that does not mean price action won't play out on smaller timeframes.
xauusd gold daily analysisHello everyone, looking at the daily timeframe we can see gold has picked up volatility below 1890 with a strong rejection back into the 1900's
Should we see price hold and not reject key levels of resistance, expectation will be for gold to return to the range we have previous seen gold stuck within, with a push to 2000 creating a top wick for the monthly candle and then a move down.
XAUUSD Gold 4h breakdown and analysis for buysLooking at the 4h timeframe there is a bullcase for buys at this level.
1. we are at a key level of support
2. the smaller bearish channel has seen us bounce from the lower band of the channel which aligns with the support level
3. the larger bearish channel is yet to see a test of the upper band, which should we break up through the smaller channel, retest, we can then see price move back up.
DXY 4h breakdown (short term Bullish)With gold selling off it's always worth taking a look at DXY. DXY is good for a reference on possible signs of strength/weakness so we can plan ahead with gold.
So taking that into account, it's clear there is enough strength in DXY for the 103.66 level which I had mentioned on July the 24th (Linked idea) after creating support in the 90's
XAUUSD Gold 15m scalp ideasLooking at the 15m and 5m gold timeframe we can see potential scalps going both ways here.
Looking to scalp gold on the 5m timeframe, sells are looking a lot more probable for me but I wouldn't shy away from buys if we can see a break of the 1917.653 level, followed by a liquidity grab towards 1915.874.
XAUUSD Gold buy scalp testSimilar to yesterdays trade, we're looking to take another trade testing out this strategy I am working on.
If gold 1h candle can close above the purple line 1921.738 then I will have a buy limit set at 1920.259
It is a very circumstantial trade, but that is why I am currently live testing it and keeping journal of them in the form of these posts so that others can also learn from it!
XAUUSD Gold buy limit scalpsLooking at previous price action, buy limits are set at very key areas of rejection
By anticipating price to come and tap these levels we are aiming for very quick 10 pip scalps.
Break out of the range to the downside, grab liquidity and ride it back up. Tight risk management is key!
This is not a trade I am taking on my personal account, only for live-testing purposes as I practice this concept.
Just got into some Gold Buys, Anyone else ?Just entered some Gold Buys
Reason for buys :
Highly oversold
Divergence
Support formed at 1944
(Detailed Analysis to be added.)
Entry Point 1944.28
Stop loss: 1939.99 (50 pips)
Take Profit 1 & Stops to entry Point: 1949 (50 pips) 1:1 RR
Take Profit 2: 1954 (100 pips) 1:2 RR