GOLD (XAUUSD): Your Trading Plan For Next Week 🥇
GOLD perfectly respected a contracting supply zone on a daily time frame,
based on a major falling trend line and a horizontal resistance.
Next week, pay attention to a double top pattern on a 4H time frame.
If the price breaks and closes below 1934 - the neckline of the pattern,
a bearish continuation will be expected at least to 1926.
Because the market is trading in a bearish trend since May,
I remain very bearish biased.
However, a bullish breakout of the underlined blue are may trigger a strong bullish wave.
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Goldsignal
🥇Gold🥇 Analyze (Road Map)!!!🗺️(15 min)🚀Gold is resting for the next climb after breaking the 🔴 resistance zone 🔴 during the last day.
🌊According to the theory of Elliott waves , the structure of gold corrective waves is the Double Three Correction type(WXY) .
🔔I expect gold to rally to the next 🔴 resistance zone($1,954.80-$1,949.80 🔴 in the coming hours.
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
🥇Gold🥇 is ready to ⚔️Attack⚔️ the 🔴Resistance Zone🔴🔨 Gold started to rise after breaking the descending channel from the 🟢 heavy support zone($1,903-$1,886) 🟢.
🌊According to the theory of Elliott waves , gold managed to complete wave 5 and is currently completing wave 4.
🔔I expect wave 4 to end in the 🟡 Price Reversal Zone(PRZ) 🟡 and gold to start rising again (the 🎯 target 🎯 of wave 5 could be in the area I marked on the chart).
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
🥇Gold🥇 increases after the breaking Descending Channel🚀💡After moving in the 🟢 heavy support zone($1,903-$1,886) 🟢 for a while, gold managed to break the descending channel .
💡Of course, the Regular Divergence (RD+) between successive valleys was a sign of the failure of the descending channel.
💡Another sign that we can consider increasing gold is the Buy Signal by 20-SMA and 60-SMA .
🔔I expect gold to go up to the Fibonacci levels I marked on the chart.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD(GOLD): More Fall?!
Well, as you can see the price penetrates below 1893 yesterday.
Now I am still bearish on the Gold chart and I expect the price to fall more to fill FVG.
We have two different scenarios:
The first scenario is the price starting the downward movement from 1902- 1906.
The second scenario is the price starting a downward movement from 1910-1920.
For these bearish scenarios, we can define 1880 and 1870 as TP.
💡Wait for the update!
🗓️17/08/2023
🔎 DYOR
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GOLD (XAUUSD): FOMC Ahead! Your Plan: 🥇
Today, we are expecting the FOMC minutes.
Here is your plan to trade Gold.
As you know, the market is currently approaching a key daily structure support.
Analyzing the reaction of the price to that structure on a 4H time frame,
I spotted a horizontal trading range.
1910 - 1912 is the upper boundary of the range.
Bullish breakout of that - 4H candle close above, will be a strong bullish signal for you.
I would suggest buying the market then, expecting a bullish continuation at least to 1923.
Also, remember that the news can be bearish.
In such a case, I would recommend staying away from the market.
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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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Analysis 19July2023After I released this analysis on June 29, the price of Gold Bullish to this day touched the resistance area which was strong enough. If you look at the existing market structure, with the price always make a new HH and always supported by trendline, it is likely that the bullish rally will still occur despite the possibility of a little correction.
XAUUSD possible long for 197529th June daily key reversal bar made a new low closed towards the high aggressive indication for long. 30th June daily insurance bar further confirmation for strength ahead. New low has formed on daily key reversal bar which is 1893.30. Demand zone for long 1940-33, sl 1930, target: 1975
XAUUSD GOLD Sell Trade IdeaXAUUSD - GOLD - Market Analysis
Smart-money concepts / Institutional trading strategy
Thursday price started to slow down after creating new highs earlier in the week.
Following structure from the 4H down to the daily, we can see very clear breaks of structure towards the down-side.
Entry is based on 4 of my confirmations including Risk:Reward over 1:5.
Could take gold lower but will be waiting for further price action when market opens.
Inflation Cools, Gold Heats UpIn June, the United States inflation fell to 3%, which is the lowest since March 2021. This was slightly below the market's expectations of 3.1% and a significant decline from May's rate of 4%. Additionally, the core inflation rate unexpectedly dropped to 4.8%, marking its lowest level since October 2021.
The implication of this deceleration is that it could prompt the Federal Reserve to scale back its plans for interest rate hikes. With inflation showing signs of cooling, the central bank may now be inclined to raise rates only once more throughout the remainder of the year.
In the wake of the inflation report gold prices shot up, soaring by more than 1.3%. The metal breached the $1,940 resistance level but fell just short of clearing the $1,960 overhead barrier. If further upward momentum materializes, it could pave the way for a potential retest of $1,975 and $1,980.
At the same time, the US dollar faced a steep decline, sinking to its lowest point in over 14 months. Against the Swiss franc, it tumbled to depths not witnessed since early 2015, settling at 0.8673 francs, down 1.4%. Earlier in the session, it even touched 0.8660, marking its weakest position since the Swiss National Bank abandoned the Swiss currency peg back in January 2015. Against the Japanese yen, the dollar hits a six-week low of 138.47 yen, witnessing a 1.4% decline. Additionally, the US dollar weakens by more than 1.5% against the New Zealand and Australian dollars. Conversely, the euro surges to its highest level since March last year, reaching $1.1125. The Euro trades up 1.2% at $1.113.
GOLD Analysis 7July2023looking at this analysis with the D1 time frame, the price is right at the strong resistance and the resistance is in direct contact with the trendline.
This trendline forms a downtrend channel.
I also see a hammer candle which we can interpret as one of the indicators of a rejection and the beginning of a possible reversal/correction.
looking at the last 5 candles (last 5 days) that tried to break the resistance and failed, there is a possibility that the price will go down first.
GOLD (XAUUSD): Technical Outlook & Things to Watch Next Week 🥇
After the test of a major horizontal daily demand cluster, sellers look weak on Gold.
Analyzing the price action for the last 3 weeks, I spotted a completed inverted head & shoulders pattern.
1925 - 1941 is the neckline of the pattern.
Bullish reversal will be confirmed once a daily candle closes above that.
A bullish continuation will be expected then to 1957.
Remember, that at the moment the neckline constitutes a solid resistance,
so I strictly do not recommend buying now.
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GOLD ---> is going to touch $1852hello guys...
as you can see gold formed a descending channel and break this out!
At the same time, it formed a base channel that is sharper than a regular channel!
in this case, you can expect a downward movement as high as a regular channel, but if you look at the higher time frame you can see a support level of $1874, so I recommend you close half of your position there and close on $1853 the remaining one!
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