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
Goldsignals
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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Gold Roadmap==>>15-minute time frameAfter announcing the CPI Indexes , Gold managed to break the Resistance zone($2,400-$2,376) and change the Gold scenario, and I expect Gold to create a new All-Time High(ATH) in the coming week.
Today, I shared with you the analysis in the 15-minute time frame .
According to the theory of Elliot waves , it seems that Gold has succeeded in completing microwave 4 of the main wave 5 .
I expect Gold to rise to at least $2,431 in the next hours or at the beginning of next week, and as I said, it will probably create a new ATH in the next week.
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.
THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report we said we would be looking at the key levels to give us RIPs. We started the week with a decent short into the support levels where we suggested the move could take us back into the 2350-55 region if 2370 was broken. That move gave us a wonderful opportunity to then capture that long trade we wanted taking us up into the Excalibur targets. During the week, we updated traders with our plans and continued to look long completing the week where we are now, but not the whole move!
A wonderful week for us on Gold and all the other pairs we trade and post targets for in Camelot.
So, what can we expect from the week ahead?
This week we’ll keep it simple and say expect more aggressive price action as well as a potential gap on opening! We have the key levels above sitting at 2420 and above that 2430-35 resistance. Below we have 2402 and 2395-90 support which need to hold price up in order for us to continue upside in attempt to create a new all time high.
We’ll start the week with caution and suggest going long up here is a little risky, so instead, we’ll be looking for the resistance level to hold down the price, and upon a confirmed reversal, we feel there may be a short trade on the cards into the lower support levels. The first level we feel there may be a small RIP is the 2430-35 region, but only for scalping into immediate support levels. It’s that level above, 2460-75 which is a huge region that is sticking out to us at the moment, and if propelled into, could give us the opportunity for a nice short trade. If held and upon a clean set up.
On the flip, we need to break below 2395 and close below it in order to then see lower pricing, so if there are any aggressive whipsaws, expect price to target that region and take the BE traders from Friday.
KOG’s bias for the week:
Bullish above 2390 with targets above, 2430 and above that 2350
Bearish on break of 2390 with targets below 2375 and below that 2365
As we said above, it’s a simple and quick report this week, we’ll update traders as we usually do through the week.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD (XAUUSD): Important Decision Ahead
Gold is trading in a global bullish trend.
We can see that after a strong bullish wave in February and March,
the market stopped growing and started to trade within a horizontal range.
The market is stuck within the range for more than 3 months.
We see a test of its upper boundary at the moment.
An important decision is now ahead.
I believe that a bullish breakout of the resistance of the range
and a weekly candle close above that will be a strong bullish signal.
A new bullish wave will most likely initiate then.
Alternatively, the market may respect the resistance of the range the 4th time and keep
staying within its boundaries.
Let's watch the price action and look for the signal.
I will post the update soon.
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XAUUSD Coming out of its consolidation and turning bullish.Gold (XAUUSD) is on a sustainable short-term rise above the 1D MA50 (blue trend-line) and is coming out of a consolidation pattern (blue) similar to December 2023 - February 2024. Both were supported by the 1D MA100 (green trend-line) and both are within the long-term 18-month Channel Up.
This could technically be the start of the 3rd Bullish Leg of this pattern. Our Target is a 'modest' 2600, which may be almost +15% from the bottom, but would still be the weakest Leg of the three.
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EUR/USD : More Bullish Movements ? (READ THE CAPTION)By analyzing the EUR/USD chart on the 4-hour timeframe, we observe that the price is trading around the 1.09090 level. As you know, the price is within a supply zone. However, given the context, we are likely to see this resistance break. If the support holds within the 1.088 to 1.08880 range, we can expect further growth for the EUR/USD.
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 3 options for monday! have a look happy sunday gold fans! hope you're well and enjoying your weekend awaiting football!
Id like to see a move down to the zone i wanted friday to buy but with whats gone on with trump this weekend, id like to think it may just shoot up for the all time high.
For me to sell id like to see some price forming bearish structure in the daily engulfing first
Im under no illusion that all time high may not happen so im prepared either way, this is why im a scalper so i can react to price as it happens and happy to take buys and sells
daily trend is still broken to the upside for now so lets see if we continue higher at open, but to be honest, im probably gonna be a bit pissed by then lol
catch you in london!!
tommy
GOLD (XAUUSD): Bullish Outlook Explained
Gold finished this week in a strong bullish wave.
Analyzing key levels, we can see that the price
did not manage to test a key daily supply cluster.
I think that the market has a nice potential to continue growing.
If you missed the entry, you can consider looking for buying
from a demand zone that is based on a falling trend line and
a broken horizontal resistance.
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GOLD DAILY CHART UPDATEHey Everyone,
Please see update on our daily chart structure.
Last week we had the cross and lock above 2355 leaving a gap to 2405.
- This gap was completed perfectly, as analysed by us.
We now have a candle body close gap above 2405 leaving a gap to 2465 and will need EMA5 lock to further confirm this.
We have marked the charts with our unique weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our mid to longer term weekly chart idea.
Last week we advised that we are now seeing price head towards the channel top with a long range/term target at 2434 above the channel and 2505 long range axis target. We also stated that we will keep in mind the potential for temporary short term resistance at the channel top.
- This played out perfectly, just like we stated!!
We got the hit on the channel top like we analysed and now potentially seeing some resistance like we said.
We now also have the gap still remaining at 2434 but just need to keep in mind the conflicting resistance before with the channel top. We will also need to look for ema5 to lock above 2434 to open the long range Axis target 2505.
The levels within the channel will provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
SILVER (XAGUSD): Bullish Outlook Explained
Silver may start growing next week after the market opening.
I see a nice bullish engulfing candle on a 4H time frame
after a test of a strong intraday horizontal structure support.
I think that the price will reach at least 31.2 level.
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