XAUUSD Setting up for BUYS...XAUUSD Setting up for BUYS...
After breaking out and above the 2-day range zone created from stagnant markets last week with buyers and sellers all piling up orders before nonfarm payroll on Friday we then saw gold push above the range and manage to close outside it after getting a validation retest off the top side, if gold can stay above the range zone and make its way up to 1946-48 we could catch some tasty buys after a pullback to maybe the current level or at least above/on the previous range zone which we could ride up to around 1954 first and then maybe 1971 but at the 1954 level there is a high chance it could then chase the 1925 low level by the end of the week. So my first target is 1954 from there I will wait for my price action confirmations before jumping back on the sail boat.
Goldshort
📈XAUUSD near Nonfarm Payrolls 📉OANDA:XAUUSD
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Gold analytical series, Episode 24
Hello Traders, please check out my previous ideas.
targets are on the chart.
Scenario 1: If the price jumps after the release of the data, if it stabilizes in the red area, then after reaching the specified circle area, the price will enter a bearish phase.
Scenario 2: In the other case, after reaching the red zone, the price may enter a sharp bearish phase and decline until 1910-1915.
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GOLD (XAUUSD) Ahead of NFP. Your Plan: 🥇
Traders, do not forget that we are expecting the NFP release today.
Depending on the figures, I see 2 potential scenarios on Gold.
Bullish Scenario
1941 - 1945 is a key horizontal resistance.
If the market breaks and closes above that, I will expect a bullish continuation
to a major falling trend line.
Bearish Scenario
1925 - 1935 is a key horizontal support that the price is approaching now.
Its bearish breakout and a daily candle close below will push the prices lower.
Next goal will be 1908.
Wait for a breakout and the follow the market.
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Gold's Reaction to Upcoming Non-Farm Payrolls Gold's Reaction to Upcoming Non-Farm Payrolls
Gold trading faced headwinds on Wednesday as the U.S. dollar strengthened despite Fitch's downgrade of the U.S. credit rating to AA+ from AAA. Investors seemed unfazed and focused on positive data from the ADP National Employment report that might possibly indicate a larger-than-expected Non-Farm Payrolls report this Friday.
The ADP National Employment report revealed private businesses in the US hired 324K workers in July 2023, surpassing market expectations of a189K. Fitch's decision to downgrade the U.S. credit rating was attributed to concerns about potential fiscal deterioration over the next three years and the debt ceiling crisis that was averted at the last minute a couple months ago.
The impact of these developments on gold prices was evident, as it retreated for the second consecutive session, currently testing at $1,935 and might be approaching a significant technical support level at $1,930. On the flip side, if gold resumes its rebound, it may encounter initial resistance around $1,942, followed by the psychologically important $1,950 mark.
XAUUSD Gold monthly breakdownDespite gold closing bullish for the month of July, Price action indicates bears are still in control and there are opportunities for swing-sells
The reason for this is due to the fact that the 1970-1990 levels were rejected in the month, showing strong resistance is still intact and we can anticipate the support created at the 1900 level to be broken for a continuation down to 1825.
Gold Short The first trade of the week starts nicely in the new york session with gold shorts - im actively executing around the blue zone and entered my short at on the 14:00 close with a stop loss of 16 pips and a target to the lows as you can see
The importance of looking where an asset is going from a HTF is important to then get wizard like developing your execution strategy
XAUUSD 1h breakdown sell ideaBased on price action and the 1h timeframe rejecting the 1960-1962 level as mentioned in the daily breakdown, I am anticipating sells. we have the 4h candle close coming up in 40 minutes so based on how that moves we can expect to react based on that. No news today so we don't need to worry about news impacting price unless it's something not on the financial calendar.
As always updates will be provided as the day goes on!
GOLD (XAUUSD): Bearish Outlook Explained 🥇
Gold perfectly respected a key horizontal resistance
and a falling trend line on a daily, forming a double top pattern.
The neckline of the pattern was broken this week and it is a very important
sign of strength of the sellers.
I think that the market may drop lower.
For entries, consider the underlined confluence zone based on
a trend line and the underlined resistance.
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Gold Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Before the start of the US market. is a good opportunity to buy
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Did you make money today? another beautiful day
Although I have not fully grasped the selling from the highest point to the lowest point. But two sell orders gave me a nice profit. Plus start buying. The overall profit today is good.
Congratulations to friends who follow trading signals. It's always fun to make money. Maybe add a glass of champagne to dinner tonight!
XAUUSD Gold 4h analysisMoving down from the Daily time frame we can see 2 major levels of support with a minor level of support at 1924. I don't believe price will have much of an issue getting through this price, however time will tell.
My overall gameplan will be looking for sells if we can close below 1939 with Price Action telling us in the past that 1900 would be the next logical target.
Buys would need to see 1939 reject, follwed by ranging action within this AOI (area of Indecision) and we can then move up after having grabbed liquidity and trapping bears.
Time will tell!
📈XAUUSD analysis near FOMC meeting📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 21
Hello Traders, please check out my previous ideas.
If the price stabilizes above the indicated channel, the short scenario won't be fulfilled.
targets are on the chart.
optimum stop-loss is above the 1971-1975 level.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
XAUUSD 4h analysisNow that FOMC and Unemployment claims for the USD is done, we can see price action a lot more clearly. Things to note
Daily broke yesterdays high and flipped bearish
Weekly created a weekly high and flipped bearish (did not break the previous weeks high however that isn't a major issue)
4h has closed back into our indecision range
Few things can happen here
Price rejects from this level and continues up
Price continues down to our target of 1950-1945
I will not be taking trades within this indecision range, only outside of it and on the lower time frames based on price action of closing candles.
GOLD (XAUUSD): Important Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Resistance 1: 1979 - 1987 area
Resistance 2: 2000 - 2010 area
Resistance 3: 2034 - 2048 area
Support 1: 1945 - 1954 area
Support 2: 1925 - 1938 area
Support 3: 1892 - 1907 area
Consider these structure for pullback/breakout trading.
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XAUUSD Daily analysis Looking at the timeframe on a daily basis we can see that we have closed below a key level and into an indecisive range.
The reason why indecisive ranges are tricky is down to the fact support/resistance can be anywhere due to the historical price action, there is no clear support/resistance where we can anticipate buys or sells, so treading carefully is the best case of action when trading on a higher timeframe.
When it comes to a lower timeframe, unless the indecisive range is found on these smaller timeframes being able to take trades is still possible.
Updates to be provided on the lower timeframes.
XAUUSD 1h sellsLooking at sells on the 1h timeframe - this is within the range we spoke about, however! the reason why sells are now possible is due to the news having passed, and with this new 1h candle we have seen price create a nice steep top wick, where if we can have a 5m closure below 1959.2 price should continue down.