XAUUSD Tuesday's trade ideas. Good evening gold gang i hope you are well! ... 2 losses today trying to catch buys! the fundamentals were wrong from the war to rise gold .. instead we got bearish price action due to the president so all day we fell until hitting the marked out 4 hour zone. I couldnt take that buy as id already lost 2 which is my daily limit
Whats happening tomorrow?! .. well the 1h EG zone respecting will provide further bearish action with a potential target of algo level.
a break above 2412 area will be good for the buys confirmation but with no news until wednesday, im not sure we will achieve that.
lets have a better day tomorrow gang!! im looking forward to it already
have a good evening, catch you in london
tommy
Goldsignals
GOLD ( UNDER UPWARD PRESSURE ) ( 4H )XAUUSD
HELLO TRADERS
INTRODUCTION : gold price rose during trading on Monday , after us president joe Biden formally announced his withdrawal form the presidential race last evening .
Tendency , the price is under bullish pressure until trade above turning level .
TURNING LEVEL : the price of turning level around 2,392$ , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level .
RESISTANCE LEVEL : around 2,420$ , for reach this level will be stabilizing above turning level
SUPPORT LEVEL : support level at 2,365$ , for reach this level will be breaking and stabilizing below turning level .
PRICE MOVEMENT : the price is under bullish pressure , as long as the price trading above 2,392$ reach a resistance level (1) at 2,420$ , then it is requirement breaking FVG for reach resistance level (2) at 2,442$, but if breaking turning level reach a support level (1) at 2,365$ , it is a strong support level , the breaking this level reach a support level (2) at 2,337$ .
TARGET LEVEL :
RESISTANCE LEVEL : 2,420$ , 2,442$ .
SUPPORT LEVEL ; 2,365$ , 2,337$ .
XAU/USD : Potential Fall Ahead ! (READ THE CAPTION)By examining the gold chart on the 30-minute timeframe, we observe that after a CHOCH and a break in market structure (BMS) at the $2466 and $2462 levels, gold experienced a further decline, correcting down to $2451. Currently, the price is trading around $2465. Given the structure formed on the chart, we can anticipate another potential drop to $2451 as the first target. This analysis will be updated accordingly afterward.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD No buy below the 4H MA50.Gold (XAUUSD) dipped on Friday below its 4H MA50 (blue trend-line) but that doesn't affect the long-term trend (see chart below), which is still bullish within the 18-month Channel Up pattern:
Even on the current 4H time-frame analysis, the price found support right at the bottom of the short-term Channel Up. However, short-term buys can only be confirmed when the price breaks above the 4H MA50 again.
Technically though this remains buy territory as the 4H RSI almost hit the oversold barrier (30.00) and rebounded, which is similar to the June 26 Higher Low (bottom). The Bullish Leg that followed peaked on the 2.5 Fibonacci extension level, which on the new potential Bullish Leg is perfectly aligned with our long-term Target as well. That remains 2600.
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👇 👇 👇 👇 👇 👇
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 All eyes on the open! big news!! Good evening gold gang, its that time once again ... market open. THIS TIME its different with big news coming from the war and president Biden pulling out of the race .. its gonna get spicy this week
Price finished up last week and the weekly support so technicals are pointing bullish .. war news bullish too but Biden news will be good for dollar i would imagine so that would be bearish for gold
there is a nice 4h zone below current price right now which may get tapped at the open in order to buy from but that will be shown at the open at 11pm uk time
im expecting a bullish week! .. but as usual we just react to current price in session and take the crumbs the big boys leave behind
lets have a monster week like we did last week gold gang
hit the like button if you BELIEVE
catch you in london
tommy
22th July Gold PredictionAfter reaching a new ATH, people though that gold would increase to a new higher high, but the pressure of closing profit gold made gold go down to nearly 2400 USD/ounce again. However, gold will have correction and go up to retest key levels last week. So, I am happy to give analysis and prediction. This prediction is a not advisable investment, your decision depends on your knowledge.
Sell XAU 2417-2425
STOP LOSS 2426
TP 2400
SELL XAU 2338-2345
SL 2346
TP 2325
GOLD ( AFTER ATTACKING YEMEN & ISRAIL ) ( 1D )XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure until trade above turning level
TURNING LEVEL : the price of turning level around 2,391$ , indicates the price trade above this level reach a resistance level ( inside supply zone ) , but if breaking this level or breaking FVG reach a support level .
RESISTANCE LEVEL : around 2,425$ and 2,468$ , if the price trade above turning level reach this levels .
SUPPORT LEVEL : support level between 2,331$ and 2,299$ and called ( demand zone ) , for reach this level will be breaking and stabilizing below turning level .
PRICE MOVEMENT : in the previously price rising and created a new historical peak at 2,485$ , but after breaking 2,368$ , gold started a dropping as mentioned , currently price 2,400$ , if the price trading above turning level at 2,391$ , rising to reach a resistance level 2,425$ , then stabilizing this level reach a 2,368$ , if the price stabilizing above 2,368$ maybe it will reach a new historical peaks at 2,500$ , breaking turning level reach a support level at 2,331$ , and by open 1D candle below this level reach a 2,299$ .
TARGET LEVEL
RESISTANCE LEVEL : 2,325$ , 2,365$ .
SUPPORT LEVEL ; 2,331$ , 2,299$.
GOLD (XAUUSD): Updated Market Structure Analysis
Gold is now trading within a rising, expanding channel on a daily time frame.
Updating the ATH, the price perfectly respected its upper boundary
and started a bearish movement from that.
The closest strong support that I see is a demand cluster
based on a minor broken trend line and a horizontal structure.
The underlined blue area can be the first pit stop for the sellers.
I will look for a pullback trade from there.
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Gold is falling after creating a record for itselfGold prices continued to decline on Thursday, although remaining around the old peak of $2,450. Currently, XAU/USD is trading around 2,444 USD, down more than 1.5% from its peak of 2,483 USD due to the greenback's recovery, supported by rising US government bond yields.
Jobs data released by the US Bureau of Labor Statistics (BLS) showed that more people than expected applied for unemployment benefits, signaling a slowing economy. This, along with last week's string of data showing inflation moving toward the 2% target, could prompt a change in stance from Fed policymakers.
The number of Americans filing new unemployment claims increased more than expected last week, but according to data released by the Labor Department on Thursday, the labor market did not change significantly.
Finally, Fed officials have expressed that the central bank may be "getting closer" to lowering interest rates as inflation and recession risks have become more balanced. Still, the International Monetary Fund (IMF) said on Thursday that the Fed should not rush to cut interest rates until the end of 2024.
In the context of extremely increased expectations of interest rate cuts in September, gold prices reached a new all-time high of 2,483 USD, but demand could not maintain the upward momentum as a part of investors moved forward. take profit. This, along with former US President Donald Trump's announcement of imposing at least 60% tariffs on Chinese goods, has boosted the flow of money back to the USD.
The DXY index, which tracks the greenback's performance against six other major currencies, rose 0.43% to 104.18. Besides, US government bond yields also increased on many terms. Typically, the 10-year term reached 4.187%, an increase of more than 2.5 bps.
XAUUSD i love manipulation!!! whats going on gold gang! lol what a crazy time to be alive
gold making all time highs and then BOOOOM fell out of the sky hard in london close session yesterday .. luckily we caught some of it .. all the way back down to retest the old all time high (something we talked about previously)
whats next?1
its alllll up in the air currently price very strong in asian session pushing us back into the middle of the range .. a retest of the trend to sell would normally be go to but that psychological 2500 still looms and people will be reaching for that ... need to see what london session brings to us!!
lets strap in
tommy
Gold Roadmap==>>15-minute time frameGold is moving near the Support zone($2,450-$2,426) and the SMA(60-1hour TF) . (In fact, Gold is pulling back to the Resistance zone ).
According to Elliott wave theory , Gold appears to be completing wave 4 . (Wave 4 structure has been Expanding Flat(ABC/3-3-5) so far).
I expect Gold to rise again after breaking the Resistance zone($2,467-$2,461) until at least All-Time High(ATH) and most likely touch around $2500 .
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.
Red Trading DaysDoes this ring a bell?, You lose a trade and you feel the need to instantly reenter. You were absolutely sure that trade would win. So you reenter, this new trade loses as well, now you are furious you wait a bit and you reenter again with the same lot size and yet again you lose - this typically occurs because you are no longer trading based on logic but on pure vibes, pure emotion. You are 3 trades in the hole and your desire to be right is higher than ever. You’re almost seeing red itself as if you had a bloodlust towards the market. So you take a 4th trade but this is where the beginning of the end starts, you decide to go in with a bigger lot size. Once you get here, you’ve already lost the game because now you are no longer willing to listen to reason.
You definitely aren’t willing to stop and you won’t rest until you win a trade. And maybe you do win this trade but it wasn’t enough, you’re still just under break even and you need to make back your profit. So you take another trade with the same overleveraged lot size and that trade comes and loses as well, bummer. And now you are delusional thinking that the market must be against you, So by this point you pretty much give up, you yolo the account activating the margin call. Account has been blown.
Nobody likes red days, you know what I’m talking about - when almost no matter how hard you try you just can’t seem to win any trades. I promise you aren’t alone in both feeling that way and having red days to begin with. But I’ve found in my experience that learning to be okay with a losing day is one of the keys to trading from a place of peace. It is also instrumental in stopping you from both taking stupid trades and or revenge trading.
We’ve all been there, things going good - it seems like you’re finally getting it. Everyday you’re winning, Monday Profit. Tuesday Profit. Wednesday Profit. And then BAM. Thursday you start to lose your first trades. Calm down and relax, what you do next will dictate if you get to keep this account alive or not. I’ve seen it happen to other traders and it has happened to me as well. As soon as you lose a trade you instantly feel wrong and have an immediate desire to make your money back. But if you come to terms with the fact that it was never your money to begin with. You can have a shift in your perception which could help calm your nerves a bit. Many a trader has destroyed their entire account because of one silly losing trade.
So we already know that, feeling this way is normal and you are not alone. So why is it other traders can be successful and you can’t? Well the answer is you can but you must control yourself. Trading is more of a mental thing than anything else. For instance, drawdown. Drawdown is a mental thing. It is designed like that to freak you out but in actuality if you are right drawdown is just a part of the process, maintain control and follow your directive.
One thing that has greatly helped me better deal with red days is pass it off as a loan towards the market. I like to think as though the market needs to borrow my money, no biggie, sometimes people need to borrow money from you right? But good news, you get to apply interest when they are paying you back because all financial institutions do that, why shouldn’t you? When you are taking money back from the market that is the market paying interest to you. It sounds silly but that is what I do to cope with losing, something I have little to no control over. It stops me from taking stupid ill-advised trades and allows me to justify those “losses”.
It is all about the little things that allow you to better control yourself. It isn’t crazy if it works. What if I told you.
It is also very important to acknowledge the fact that you cannot win every single trade. By not actively trying to win every single trade what you are actually doing is taking pressure off of yourself because you are prepared for the worst.
I say this to say - I will likely be taking the rest of the day off from trading Either Gold or BTC as neither of them have any real opportunity to me currently. Peace out folks!
XAUUSD short-term analysiswww.tradingview.com
XAUUSD short-term analysis:
- XAUUSD (Gold Spot / U.S. Dollar) recently hit an all-time high and has retraced slightly.
- The price is currently testing the critical support level** and the 50-period moving average (MA50).
-Bearish Scenario (🔽): If XAUUSD breaks below the 2465 support falls under the trend line, and breaches the nearest fractal, it could decline further to 2452
- Bullish Scenario (🔼) Alternatively, if the price rebounds from the current support level, we might see a move back up to 2482
XAUUSD Resistance break-out and re-test confirm rally continuatiThis is a small Gold (XAUUSD) update on Monday's idea (see chart below) as we have a major Resistance break-out:
As you can see, the price action is so far following our trading plan and following the Resistance break-out, we see it potentially moving a little higher and then pulling back to re-test the Resistance as a Support.
That happened on the previous Bullish Leg break-out (March 06) and then after a successful Resistance re-test, Gold resumed the uptrend and rose by +22.40%, hitting the 2.0 Fibonacci extension.
As a result, we will move our Target marginally higher at 2630, even though the 2.0 Fib extension is at 2690. The reason is the May 04 2023 High, which as priced on a +15.26% rise, the 'weakest' Bullish Leg since the September 2022 market bottom.
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Gold Needs Correction!!!Gold is moving in the Resistance zone($2,450-$2,426) .
Gold moved as I expected in the previous post .
According to the Elliott wave theory , Gold has finished main wave 5 , and we should wait for Corrective Waves .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to decline to at least the Support zone($2,400-$2,376) .
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.
XAU/USD : Ready for another Fall ? (READ THE CAPTION)By analyzing the 6-hour chart of #gold, we observe that, as expected, gold experienced a decline and corrected to $2391 with a yield of 280 pips. Subsequently, the price saw a resurgence in demand and has risen to $2416 so far. The important supply levels are $2418.5 to $2424.6 and $2429 to $2433. The important demand levels are $2378 to $2384.5, $2369 to $2375, and $2326 to $2333. Keep an eye on the price reaction to these specified levels.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD (XAUUSD): Updated Support & Resistance Analysis
Here is my structure analysis for Gold.
Resistance 1: 2495 - 2505 area
Support 1: 2422 - 2450 area
Support 2: 2391 - 2394 area
Support 3: 2348 - 2356 area
The resistance that I underlined is based on a psychological, whole number price level.
Consider these structures for pullback/breakout trading.
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XAUUSD is today the day for all time high? we're only 180 pips away .. can it happen?
i think price can come down first to take the wick as liquidity before coming up in news.
The last bit of major structure we have has now been broken and closed above as per sundays analysis but i think we need to come down just to grab some fuel.
as usual ill be watching the charts for signs of reversal etc so make sure you're following along
its money time
tommy
GOLD (XAUUSD) May Update All Time High
I think that probabilities are high that Gold will update the ATH soon.
If we study the price action since April, we can spot that the market
has already updated ATH twice.
The completion points of the last 2 bullish waves were the Higher Highs.
Now we are in a wave 3, so get ready that the high will be updated again.
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