GOLD (XAUUSD) Preparing For Next Week! Your TA: 🥇
Top - down analysis on gold.
Price action & trading recommendations.
❤️Please, support this idea with a like and comment!❤️
Gold-futures
Gold - Pitchfork experiment !Hy trader !
This Gold weekly chart is a combination of 2 original- 1 innside- and 1 modifiziert Pitchfork, Fib retracement and Fib time !
Confluence areas of the fibs are key price zones to watch !
No trading advice !
If you like this post smash the like👍 button, comment or follow me.
Thanks for reading my idea,
Trade save!!
Trading Idea - #Gold #FuturesBUY
ENTRY: 1905.8 USD
TARGET: 1984.8 USD (4% profit)
STOP: 1846.1 USD
- After the all-time high (USD 2089), a clear downtrend has emerged, which has found important support at USD 1677.
- Since then we have been in an upward movement with a break through the falling trendline.
- A setback briefly tested the trend line.
- The upward trend is expected to be continued.
- Target 1960 USD to 1980 USD.
GOLD (XAUUSD): Price Action & Technical Outlook 🥇
Hey traders,
Friday turned out to be very bearish for Gold.
The price lost almost 1,5% of its value.
Analyzing a current intraday price action on 4H,
we have a perfect foundation for an ascending triangle formation:
so far we have two equal highs and two higher lows.
As we know, ascending triangle is a classic bullish accumulation pattern.
To catch the next bullish wave pay attention to 1900 - 1905 resistance cluster.
Wait for its bullish breakout (4h candle close above) as a confirmation.
Then buy on a retest with you first goal - 1930 level.
For scalping, consider the boundaries of the triangle.
Being bearish biased, look for a bearish breakout of a trend line of a triangle before you sell.
❤️Please, support this idea with a like and comment!❤️
GOLD (XAUUSD): How to Catch a Swing Move? 🥇
Top-down analysis & technical outlook on GOLD.
Trading recommendations & thoughts.
❤️Please, support this idea with a like and comment!❤️
GOLD (XAUUSD): Bullish Scenario Explained 🥇
Hey traders,
Gold is trading in a sharp bullish trend since the beginning of April.
From the middle of May, the market became extremely overbought and finally, we saw a retracement this week.
The price dropped all the way down to the support of a rising parallel channel.
With a consequent bullish reaction, we see a willingness of buyers to buy.
Now we can expect a bullish trend continuation with a new higher high higher close on a daily.
It looks like buyers will aim at 1950 - 1960 supply zone (key daily pivot)
❤️ Please, support this idea with a like and comment! ❤️
⬇️ Subscribe to my social networks! ⬇️
GOLD (XAUUSD): Learn How to Short Wisely 🥇
Hey traders,
Gold finally reached an upper boundary of a major daily supply zone that we previously identified.
Now we also have a nice confluence of a horizontal structure and a resistance line of a rising parallel channel.
That point may give us a nice intraday shorting opportunity.
To short the market with a confirmation, follow a rising parallel channel on 1H time frame.
Its bearish breakout will be a good trigger to sell.
Goals will be - 1840; support of the major daily channel.
In case of a bullish violation of a yellow structure cluster, the setup will be invalid.
❤️ Please, support this idea with a like and comment! ❤️
⬇️ Subscribe to my social networks! ⬇️
I have been waiting for this moment for goldFinally my trigger for gold was hit this morning and I had a limit order sitting since I posted this idea on May 10. (See link below and chart inbeded. It has turned quite profitable with what I believe is a target for 1900. I will watch close at 1900 to see if maybe higher is possible. It is also possible I may exit early if things start to turn.
GOLD (XAUUSD) Be Prepared For Reversal! Here is Why: 🥇
Gold keeps growing since the end of March.
+10% net growth so far.
The market looks overbought and quite soon we may see a retracement leg.
To catch that stay focused on 1855 - 1875 structure resistance cluster.
It is a very important historical zone.
To short it wisely, follow a rising parallel channel.
Wait for its support breakout as a confirmation.
Then short with a goal 1800.
In case of a bullish breakout of the underlined zone though,
bullish continuation will be expected.
Next goal will be 1950.
❤️ Please, support this idea with a like and comment! ❤️
⬇️ Subscribe to my social networks! ⬇️
SILVER (XAGUSD) The Next Swing Move & How to Catch It 🥈
Silver is trading in a bullish trend from the beginning of April.
The price is steadily growing within a rising parallel channel.
It looks like the next goal for buyers is 28.0 - 28.1 daily resistance cluster.
To catch a bullish continuation to that level, follow a bullish flag pattern on 4H.
It shows a local bearish sentiment on the market.
Once its resistance is broken, it will be a trigger for the next swing move.
In case of a bearish breakout of a major daily channel, setup will be invalid though.
Remember about that.
Gold - GC Gold Futures are rising as non-commercials add to their long positions. - Currently net long 192.3k, up 21.5k.
In the week to Wednesday, for the first time in 16 weeks, GLD (SPDR Gold ETF) saw positive flows, gaining $340 million (courtesy of ETF.com).
In the meantime, non-commercials raised net longs in gold futures to an 11-week high.
Last week, the metal jumped 3.6 percent after repeatedly defending $1,760s-$1,770s.
The nearest support lies at $1,800, and of course $1,760s-$1,770s after that.
GOLD (XAUUSD) Be Prepared For Reversal! Here is Why: 🥇
Gold keeps growing since the end of March.
+10% net growth so far.
The market looks overbought and quite soon we may see a retracement leg.
To catch that stay focused on 1855 - 1875 structure resistance cluster.
It is a very important historical zone.
To short it wisely, follow a rising parallel channel .
Wait for its support breakout as a confirmation.
Then short with a goal 1800.
In case of a bullish breakout of the underlined zone though,
bullish continuation will be expected.
Next goal will be 1950.
❤️Please, support this idea with a like and comment!❤️
⬇️Subscribe to my social networks!⬇️
GOLD (XAUUSD): Key Level Ahead! Watch Carefully
Hey traders,
Rally on gold continues and during the us session yesterday we saw an impressive movement.
However, ahead is a strong structure area.
The confluence zone between a resistance line of a major channel
and strong horizontal structure.
Next week look for a confirmation to short from there and catch a pullback.
I will update the post in case, if I see a needed confirmation.
Please, support this post with like and comment! ❤️
Gold Futures ready to popKeeping an eye on the relationship between the Gold Futures and the US 10 Year Yields.
Currently, the yields are coming off their highs, but the Gold hasn't reacted yet. If we get a breakdown in the US dollar, that will be the catalyst I am sure and currently, the US dollar index is finding resistance from old support.
Jobs data was good today, but there is a chance that NFP doesn't meet expectations as there are some lofty numbers being pushed around.
MarketBreakdown | EURUSD, GOLD, USDJPY, USDCAD
❤️Please, support this idea with a like and comment!❤️
1️⃣ EURUSD - 8H time frame
The market remains bullish and trades within a rising parallel channel.
Though bias remains bullish, it looks like the pair is slowing down.
The last higher high did not manage to reach a resistance of the channel
and returned back to retest a channel's support.
In case of a bearish breakout, be prepared for a potential correctional movement.
The pair looks too overbought.
2️⃣ USDCAD - Daily time frame
The pair is very close to a year's low.
The price has already formed a dodji candle so a pullback is highly probable.
Keep monitoring the intraday time frame for a pullback trade.
3️⃣ GOLD - 16H time frame
The price broke and closed below a support line of a rising wedge pattern.
It looks like the retracement leg may proceed.
The closest support to watch is 1748 - 1758
I did not short because the price did not reach a key level within the wedge.
Instead, I will look for buying opportunities from support.
4️⃣ USDJPY - 3 Days time frame
The price has respected a major rising trend line.
The market has formed a nice dodji on that and we see a nice consequent bullish continuation.
The pair will most likely keep growing.
Next resistance - 109.7
⬇️Subscribe to my social networks!⬇️
How to Trade Gold Next Week? Your Trading Plan:
Hey traders,
a strong potential reversal zone is ahead.
the market is quite close to a daily resistance cluster and chances will be high to see a pullback from that.
to sell with a confirmation,
follow a rising wedge pattern.
once the zone is reached, wait for a wedge breakout to sell.
good luck!
❤️ Please, support this idea with a like and comment! ❤️
⬇️ Subscribe to my social networks! ⬇️
GOLD (XAUUSD) Price Action & Top-Down Analysis
Technical outlook & trading recommendations.
Scenarios & multi time frame confirmations explained.
❤️ Please, support this idea with a like and comment! ❤️
⬇️ Subscribe to my social networks! ⬇️
GOLD (XAUUSD) Key Points to Watch
Bullish rally continues on gold.
The market is currently trading within a rising parallel channel.
Here are the main key levels to watch:
The closest support is based on a support line of a channel
and the confluence with a major daily underlined horizontal support
The closest resistance is based on the resistance of the channel
The next major resistance is 1815 daily structure cluster
Key levels serve as save points to trade from.
While the price is within, it is better to stay away.
❤️ Please, support this idea with a like and comment! ❤️
⬇️ Subscribe to my social networks! ⬇️
GOLD (XAUUSD): Still Bearish! Next Support is
Hey traders,
after a bearish breakout of an expanding wedge pattern on Friday,
the price tried to return back within its boundaries.
however, after a retest we see a consequent bearish reaction & very bearish market opening today.
It looks like the price will drop lower.
Next support - 1723.25
Please, support my idea with like and comment!
GOLD (XAUUSD): Important Test of Structure! Watch Carefully
Two equal lows are always considered as important reversal clue in price action trading.
With a two consequent bullish candles, we saw a strong bullish pressure the last two days.
The last resort for sellers is a resistance line of a falling parallel channel on a daily.
To catch a bullish swing, wait for its breakout.
It will be a perfect confirmation.
Next resistances:
1755
1800
In case if a trend line is respected and the price sets a new ll, bearish continuation will be expected.
Please, support my work with a like and comment.
GOLD (XAUUSD): Time to Buy! Long Trade
I always envy the US traders.
New york opening always brings nice volatility.
Gold is consolidating for a long time and recently it reached a strong 4H support.
On that the price was ranging for quite a while and 1 hour ago it went broken.
Now chances are high to see a bullish move.
Goals:
1739
1745
GOLD (XAUUSD): Waiting For Important DECISION Next Week
Technically speaking, gold still remains bearish while it is trading within this major falling channel .
Now the price is testing its resistance and its future direction strictly depends on the reaction of the market participants to that.
For shorting wait for a bearish breakout of a small rising wedge pattern.
It will be a perfect confirmation.
For buying wait for a bullish breakout of a major falling channel .
Wait for a decision and only then act accordingly.
Please, support this idea with like and comment.
