Get started

Goldsignal

Gold- Structure remains bearish, in spite of Friday's reversalAfter touching 1620 on Friday, Gold has reversed strongly finishing the day towards 1660 resistance. Looking at the posted daily chart we can see that the bearish structure is still intact in spite of this almost 400 pips reversal and will remain so as long as the 1680-1690 ceiling is intact. That being said, my medium-term outlook remains bearish and I expect a new wave of selling. Also, those of you who are calling for a double bottom should know that this pattern is confirmed ONLY by a break above 1725 My previous outlook for Gold in medium term
OANDA:XAUUSDShort
by Mihai_Iacob
26
Gold- where will it go? A deeper look into itAs the father of the modern economy said back in 1930: " The market can stay irrational longer than you can stay solvent" and this couldn't be more true now with a falling Gold price in a high inflation environment. But there is also a saying for traders:" Trade what you see, not what you think"... So, what do we see when it comes to Gold? Looking at the posted weekly chart, we can see that after the recent high and test of the ATH back in March, Gold has entered a downtrend, and is contained in a downwards channel with clear lower highs and lower lows. Also, we can see a very nice double-top formation with the neckline support clearly broken, so, a downtrend on a longer time frame. Zooming in to daily: On daily TF the downtrend is even more clear: - The rising trend line started in 2018 is broken - We can see the importance of the 1680-1700 zone with multiple reversals, acting both as support and resistance in the past 3 years, and now this level is clearly broken to the downside. - The price is under both 50 and 200 MA - Also we have a death cross at the beginning of July - The recent rise above 1700 is very well stopped by the 50MA and the falling trendline Going to H4: Refining to H4 we can see a double test on the 1680 zone on 11 and 14 November, followed by a break of 1640 support and a test of this broken support and confirming as new resistance yesterday. So, on all-time frames, Gold is bearish... But now we are speaking of XauUsd, so what's happening with the price of Gold in general? XauEur: - With Eur, Gold is also in a downtrend that started in March - At this moment the price is exactly in support and a break down looks imminent XauGbp: - As in XauUsd's case we have a double top - The price is also in support and a break looks imminent Putting it all together: More often than not when we are speaking of the price of Gold we are speaking in fact of XauUsd, but Gold its self is an asset that has trends regardless of Usd's evolution and in this case, all are pointing to a falling Gold price. In conclusion: - In XauUsd's case the trend is strongly bearish and a fall under the recent 1615 low is very probable - There are 2 very important support zones at 1550 and 1450 that can provide targets for swing traders - Considering selling rallies 1640 and 1660 should be very good points - This bearish view on XauUsd is intact as long as the price stays under the 1680-1700 zone Best Regards! Mihai Iacob
OANDA:XAUUSDShort
by Mihai_Iacob
39
Gold- stuck in range with important 1663-65 median zoneAfter the touch the falling trend line of the channel at the beginning of the month, Gold fell and looked like is resuming its down move. However, this drop was stopped by 1640 support and at this moment, the price is stuck in a range between 1640 and 1680 important resistance. 1663-65 zone acts as a pivot at this moment and a daily close above this level would signal 1640 as a higher low. In such an instance, a break above 1680 becomes probable and we can assist in a rise back above 1700 in the next days. I'm slightly bullish at this moment and, as I said, 1665 could bring clarification.
OANDA:XAUUSDLong
by Mihai_Iacob
27
🟣GOLD Multitimeframe, consecutive analysis🟣Please see linked ideas on chart for more context All additional marks are described here 📉 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💬
OANDA:XAUUSDShort
by Yelli_trades
26
Gold remains bearish. Here is my trading planThe most awaited FOMC minutes yesterday proved to be a nonevent with the Gold price remaining in the familiar range started on Monday. However, today's CPI could provide a trigger and more volatility. Gold's structure remains technically bearish, with the price under the channel's trend line resistance and important 1680 zone. My target for Gold's price remains towards recent lows and at this moment I work with 2 bearish scenarios: 1. A spike above 1680 followed by a down continuation 2. A direct break of recent range's support followed by a down continuation In both cases, a negation comes with a daily close above 1700.
OANDA:XAUUSDShort
by Mihai_Iacob
10
Gold- New visit to previous low?In my yesterday's commentary I said that "bears have won the battle" and, after yesterday's price action, this seems pretty clear. The intraday correction was met with strong selling in important 1680 resistance and the price dropped quickly in support giving us clues that the pressure remains on the downside. Technically, as said, the 1680 zone offers resistance and bears can target the 1620 zone (or the previous low) for their trades. I'm bearish as long as the price stays under 1700 in closing day terms and I'm looking to sell rallies My yesterday's analysis:
OANDA:XAUUSDShort
by Mihai_Iacob
23
XAUUSD Analysis (Local Setup)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. if we get a local update of the top (this is important for growth), we are waiting for a correction on which it will be possible to buy at least with a target for another wave of growth. If the update of the local top doesnt occur - setup will be cancelled. Target zone: 1760 - 1790 Stop: ~1625 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 2 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
OANDA:XAUUSDLong
by trytofeelpositive
1
Will Gold reverse from 6 months downtrend?Gold has traded downwards since the end of March, however, what first looked like a break under important 1680 support of a double top pattern seems to be a false break with the price reversing very strongly from the 1615 low (1000 pips above at the time of writing in just a matter of days). Now the price is trading confortable above this important level and above the 1700 figure and is testing the next important resistance given by this falling trendline. A break above this trend line could lead to a long-term up trend and expose the 1800 zone. That being said, I'm bullish as long as support holds.
OANDA:XAUUSDLong
by Mihai_Iacob
12
GOLD: Aggressive and Conservative plan for the weekEverything is in the chart and related ideas :) 📉 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🚀
OANDA:XAUUSD
by Yelli_trades
25
Gold analysis and signal🧐No comment! Everything is visible in the chart! ✅ ✅ 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. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
OANDA:XAUUSDShort
by Arash-RK
GOLD update, still short overall, pullback highly possible 📉 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💬
OANDA:XAUUSDShort
by Yelli_trades
25
XAUUSD LONGOn monthly and weekly time frame price is bearish but the overall direction is bullish and the price rn is on a major support level the price got rejected 3 times so far cus of the high demand so I’m expecting it to reverse to the upside. The daily price is not breaking the previous LL and it just gave me an L so this is another confirmation that the price is changing its structure to the bullish momentum and with that said imma be looking for buys only. On the 4h m going to be waiting to see multiple rejections before any reversal or consolidation to look for my confirmations which are a break of the new structure a HH that the price made before reversing and strong bullish momentum for an entry. I need to see a break of the new structure/resistance Above the ema’s Momentum bullish candle 1h entry will be after an engulfing candle And above the 14/5 ema’s SL; bellow a structure that the price won’t reach if it happens to retrace and close to the 200ema TP; 1tp previous HH 2tp previous LH
FOREXCOM:XAUUSDLong
by Ily14
2
GOLD overview. Importance of MULTITIMEFRAME.Listen to the marketHere you can see an overview of GOLD ideas we discussed in recent time. The main principle of this analysis is to follow what the market is doing, follow the recent break of structures and supply or demand zones. Please check linked ideas and let me know in the comment if you have any questions. 📉 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💬
OANDA:XAUUSDShort
by Yelli_trades
19
Gold- Inverted hammer can be a warnning. Wait for confirmationI was bearish Gold for almost 2k pips, from above 1800, and even warned that 1680 "ultra spoken about" support will not hold and had a target around 1600 for the drop. However, even if that 1600 target wasn't touched, I closed my short trades for now and decided to sit on the bench in waiting for clarification. Yesterday's candle is an inverted hammer and this can be the first sign that a correction to the upside will follow. That being said, I wait for the market to make the first move, having a bullish bias though.
OANDA:XAUUSDLong
by Mihai_Iacob
28