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Gold-futures

GOLD (XAUUSD): Key Levels to Watch Next Week 🥇 Hey traders, For the last 8 trading days, gold remains quite weak. Here are key levels to watch next week: Support 1: 1758 - 1764 demand zone Support 2: 1718 - 1726 demand zone Support 3: 1674 - 1682 demand zone Resistance 1: Major falling trend line connecting the last 3 lower highs. Resistance 2: 1873 - 1880 supply zone Consider these key levels for pullback/trend-following/breakout trading. Wait for a confirmation on a key level first before you open a trading position. ❤️Please, support this idea with like and comment!❤️
OANDA:XAUUSDLong
by VasilyTrader
35
MarketBreakdown | GOLD, EURCAD, Dollar Index, EURCHF Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list. 1️⃣ Gold (XAUUSD) - 4H time frame 🥇 After a strong bullish rally, the market is currently accumulating. We see a sequence of equal highs around 1870 level. At the same time, the price keeps setting higher lows respecting a minor rising trend line. Bullish breakout of the underlined horizontal resistance will most likely lead to a further bullish continuation. In case of a bearish breakout of a trend line, a correctional movement may start. 2️⃣ EURCAD - Daily time frame 🇪🇺🇨🇦 After a 1 month-long consolidation within a horizontal trading range, bears finally broke that with a high momentum bearish candle. Taking into consideration that the pair is trading in a long-term bearish trend, I will expect a further bearish continuation now. 3️⃣ Dollar Index (DXY) - Weekly time frame 💵 Greenback managed to violate a key weekly structure resistance level to the upside. It opens a potential for a further bullish continuation up to 97.0 level. I guess that the next bullish wave will initiate after a pullback. 94.0 - 94.7 is our major demand zone. 4️⃣ EURCHF - Weekly time frame 🇪🇺🇨🇭 The market is approaching a major weekly key level at the moment. 1.05 is the level on focus. From that, we will most likely see a pullback. Look for a confirmation on lower time frames to buy safely. ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDLong
by VasilyTrader
14
GOLD FUTURES - D1/H4 - CONSOLIDATIONDAILY : Currently attempting to recover above the clouds in a consolidation mode. Indeed, as long as Gold stays and hold on a daily closing basis above $ 1'720,00 it should still be seen as a consolidation phase in a broad sideways triangle price action. In order to neutralise the downside risk, Gold should break and hold sustainably above the $ 1'840.00 area and this on a daily closing basis. Such kind of price action would then open the door for a retest of the former high at around $ 1'920 ahead of $ 1'960 and higher 4 HOURS (H4) Currently above the clouds but still below the "cluster" ! Clouds support very thin = very fragile in case of heavy selling pressure. Looks like, for the time being, a sideways consolidation price action. Watch carefully upcoming price action as a failure to hold and stay above the clouds would directly put the focus to the former lows $1'740-$1'730 Ironman8848
COMEX:GC1!
by Ironman8848
GOLD (XAUUSD): Structure Analysis & Key Levels to Watch🥇 Hey traders, Here are the key levels to be focused on trading Gold: Resistance 1: 1827 - 1837 zone based on July's highs. For now, it is the closest resistance and the goal for buyers. Resistance 2: 1908 - 1918 zone is based on summer's high. Support 1: Recently broken major trend line. Being a strong resistance previously, it turned into support now. Support 2: 1677 summer's low. Consider these levels/areas for pullback/trend following trading. Let the price reach them first and then look for confirmation on lower time frames to buy/sell ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDLong
by VasilyTrader
7
SILVER (XAGUSD) Preparing For Bullish Continuation 🥈 Silver was stuck for quite a while on 24.0 horizontal structure resistance. Setting higher lows after each retracement from that, the market formed an ascending triangle. Breaking its resistance on Friday, it looks like the price is preparing for the next bullish move. Your buy zone is the contracting area between a broken horizontal structure and a rising trend line of a triangle. From that area, growth will be expected. Look for a confirmation on lower time frames within that zone to buy wisely. Next supports: 24.5 25.2 ❤️Please, support this idea with a like and comment!❤️
OANDA:XAGUSDLong
by VasilyTrader
23
IMPROVE YOUR TRADING | Simple Flowchart For You to Follow 🧭📍 A short ⚠️disclaimer before we start: the rules that will be discussed in this post are applicable only for technicians - traders that are relying on price action/structure/etc. Also, we assume that structure levels do work and for us, key levels are considered to be the safest trading zones/points. In order to increase the accuracy of your predictions analyzing different financial markets, you must learn to identify the direction of the market.📈 The identification of the market trend must be based on strict & reliable & testable rules. It can be based on technical indicators or price action Personally, I prefer to rely on price action. Here are a couple of examples of how I identify the market trend: There are three main types of market trends: Bullish Trend Bearish Trend Sideways Market Depending on the current direction of the market, on the chart, I drew a flow chart✔️ that will help you to act safely. ➡️Sideways market signifies consolidation & indecision. Usually being in such a state the market tends to coil in horizontal ranges. To trade such a market safely, the best option for you will be to wait for a breakout of the range & wait for the initiation of the trend. ➡️Once you spotted a bullish market, do not rush to buy. Your task will be to identify the closest strong structure support. You must be patient enough to let the price reach that support first (and by the way, there is no guarantee that it will happen) and then you must wait for a certain confirmation. Please, check the article about different types of confirmations: Only once you get the needed confirmation you can buy the market. ➡️The same strategy will be applicable to a bearish market. Spotting a short rally it is way early to just sell the asset from a random point. You must find the closest strong structure resistance and wait for the moment when the price will approach that. Then your task will be to wait for a confirmation and only when you got the reliable trigger you short the market. 🦉Try to rely on this flow chart and I promise you that you will see a dramatic increase in your trading performance. And even though it may appear to you that this flow chart is TOO SIMPLE, in practice, even such a set of rules requires iron discipline and patience. Thank you so much for reading this article, I hope you enjoy it! ❤️Please, support it with like and comment. Thank you!
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FOREXCOM:XAUUSDEducation
by VasilyTrader
163
GOLD (XAUUSD): Have You Seen This BEAR MOVE?! What is Next 🥇 Hey traders, I guess we all were surprised how the price dropped yesterday. With NPF Gold lost almost 2,5%. What's now? Ahead, a key structure support and summer's low. 1750 - 1760 is a demand area. I will look for an intraday confirmation within that zone to buy catching a pullback. What is confirmation? To me, confirmation is a reversal pattern (h&s/double bottom/triangle/wedge) being formed within an underlined zone and its neckline breakout. Closest support for target - 1787. Alternatively, if you are looking for shorting opportunities, consider a bearish breakout (daily candle close below) of an underlined yellow structure. It will push the market to lower structure levels. Have a great weekend! ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDLong
by VasilyTrader
38
GOLD (XAUUSD): How to Catch a Bear Move? Full Plan: 🥇 Hey traders, This week gold was quite bullish. The market was steadily growing within an intraday 8H rising channel. During the last two days, the price started to slow down. It looks like the market became locally overbought. To catch a bearish move, wait for a breakout of a support of the channel (we need at least a candle close below), then sell aggressively or on a retest. Goal will be 1755 In case of a bullish breakout of a resistance of a channel, bullish continuation will be expected. ❤️Please, support this idea with a like and comment!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
20
GOLD (XAUUSD): How to Short Wisely Next Week 🥇 Gold is nicely rallying from a key daily structure support. The price is steadily growing within a bullish flag pattern. On Friday an intraday 4H supply cluster was reached. Taking into consideration, that the market remains quite weak, I will wait for a bearish breakout of a flag as a signal to short. Goals will be 1768 1755 In case of a bullish breakout of a yellow cluster, setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
OANDA:XAUUSDShort
by VasilyTrader
22
Gold futures outlook for the week of July 5Hello Ice Cold traders, here is my update for the week ahead. As per my previous analysis, price came into the 1hr supply zone and reacted well for a short of 14 points. All previous demand zones are still holding on and new demand zones are being created as well. What does this mean for gold? We can expect price to drop in search of quality demand zones to carry on moving to the upside. ( My opinion for higher TF trend) Even if the overall trend is UP, that doesn't mean we can't short the market as well. However, these trades will be riskier and will only work when price hits the right structures and location of these zones. (Be careful) With that being said, we are also approaching higher TF resistance areas. This is where it gets a bit tricky. We should expect some sideways market movement and hoping for price to break to the upside and also breaking the resistance line. While price is building, we should be looking for rally-base-rally (RBR) to form in order to confirm total market sentiments. If a drop-base-drop (DBD) forms, then we would need to re-evaluate our thoughts and strategy on how we should tackle the market. As prices, will always search for quality supply/demand zones. We should be able to see how the overall higher TF trend pans out and that would give us a clearer answer. Hope you traders are enjoying my analysis. Do drop me a comment if you would like to hear from me more! Looking forward to hearing from you all. Thank you for the likes and follow! It really motivates me to keep my journey going and sharing my analysis with everyone. Do give me a follow, like and comment! 😊 Thank you! Icecoldbear
COMEX:GC1!Long
by Icecoldbear