Goldsignal
🔸How to undestand GOLD. Catch a wave!🔸I've being bullish on gold for a long time. Please check related ideas for more context and structure delivery.
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📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
GOLD possible sell zone!Currency Pair : GOLD
Possible direction : Bearish
Technical Analysis : GOLD on the 4H timeframe is forming a possible head & shoulder with a dynamic resistance. As there is a monthly close tomorrow, after an over extension on the monthly highly likely GOLD will continue to drop for a deeper retracement.
Possible trade recommendation : Bearish as per chart sketch
Press like button if you enjoy.
Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Gold Idea and forecast✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
HOW TO TRADE GOLD...Episode 1Gold is a very volatile metal...the moment you choose to trade Gold, you are ready to win and loose money. Here is a secret.
NB. You don't trade Gold with little money. Least you can trade Gold is at least 100$ for beginners with lot size 0.01.
GOLD IS NOT A RESPECTER OF PIPS...
GOLD possible buy zone!!Currency Pair : GOLD
Possible direction : Bullish
Technical Analysis : On market opening GOLD bulls has grabbed liquidity and prepared for another bullish move. From multiple timeframe perspective all timeframes ( Monthly, Weekly, Daily, 4h and 1H is aligning for bullish setup). As long price action is bullish, and there is no significant resistance for the price to stop, highly likely GOLD will have another take off towards moon!
Possible trade recommendation : Bullish on the retest of the previous resistance turns support
Press like button if you enjoy.
Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
XAUUSD top-down analysis,UPDATEDHello 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,UPDATEDHello 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- Up resumption?After the 1930 local top, Gold started to correct as expected.
However, the drop is very anemic with dips being bought.
As longer Gold stays above 1900, as probable the finish of correction becomes.
Confirmation for a new leg up comes with the price back above 1915-1920 zone and is such an instance a new high becomes very lickely
XAUUSD top-down analysis,UPDATEDHello 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 conservative trading plan. Update📉 Text marks:
🔹IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹ph, pl = protected high or low, which holds current structural impulse.
🔹bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
🚀Thanks for your BOOSTS and support🚀
💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Gold- I'm looking to sell for more than 500 pips dropGold has started the year in a very bullish tone, and after an initial drop to 1825 old resistance, confirming it as support, rose again strongly on Friday, just to close the week to the high of the range.
At this moment, the bullish momentum is strong and selling would be very dangerous...
However, looking at the daily posted chart we can see that Gold is trading now in an immense resistance, a level that is dating back to 2021.
First, we see resistance and a value area in this zone in 2021, again level acting at resistance in November 2021.
After the up break in February 2022, this level became support and held the market elevated 3 times in 2022( Confirmed as support after the break and again in twice in March), breaking down again and acting as resistance 3 times in May 2022.
Now the price is again in this zone and, considering that since 1620 Gold has risen 2500 pips without a significant correction, we can expect one.
Although at this moment we don't have signs or reversal and weakness, I will keep a close eye on Gold for one and I will sell it for a drop to 1820 zone.
Gold price gathers the positive momentum – AnalysisGold price continues to rise, organized inside new bullish channel that appears on the chart, noticing that stochastic gets rid of its negative momentum gradually, waiting to motivate the price to resume the bullish wave that its next target located at 1900.00.
Therefore, our bullish overview will remain valid and active unless breaking 1820.50 and holding below it.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Bullish
Gold- Reversal could be nextI was bullish Gold since the beginning of the year and, in the last 2 days, XauUsd has risen 400 pips from the bottom to the top.
However, with a very important resistance zone between 1870 and 1880 and the fact that the recent break is from a triangle (termination patterns), I expect a correction soon.
That being said, I m looking to sell rallies in the up mentioned zone with a good R:R considering 1820 support as the target