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GOLD (XAUUSD): Your Trading Plan For Next Week Explained Here is my price action analysis for Gold on a 4H. The market is currently trading in a sideways after an extended up movement that was completed 5th of February. We see a horizontal parallel channel formation. To confirm the next bullish wave, I suggest waiting for a breakout of its resistance. 4H candle close above 2887 will confirm the violation. A bullish continuation will be expected at least to 2900 then. Alternatively, a bearish breakout of the support of the channel may trigger a correctional movement. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
5
GOLD (XAUUSD): Support & Resistance Analysis For Next Week Here is my latest structure analysis for Gold for next week. Vertical Structures Vertical Support 1: Rising Trend Line Vertical Resistance 1: Rising Trend Line Horizontal Structures Resistance 1: 2816 - 2820 area Support 1: 2786 - 2790 area Support 2: 2718 - 2732 area Support 3: 2689 - 2698 area Support 4: 2655 - 2663 area Support 5: 2614 - 2635 area Support 6: 2596 - 2605 area Support 7: 2583 - 2585 area Consider these structures for pulback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
THE KOG REPORT - ELECTION SPECIAL COMPLETEDKOG first published this chart at the beginning of November prior to the US Election with our view of the movement expected and the trade plan for the month. We highlighted the path with the Red arrows and added the green arrows with the actual movement. As you can see, we weren't too far off with the projection using it to then trade the levels intra-day and for the swings successfully. It's worked well and combined with our tools, indicators, algo and target activations we can honestly say it's been another great year in Camelot. We will end this idea here and mark it as completed at the green arrow point above. 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
OANDA:XAUUSD
by KnightsofGold
2
How to Identify Significant Liquidity Zone in Gold Trading A liquidity zone is a specific area on a price chart where the market orders concentrate. In this article, I will teach you how to identify the most significant liquidity zones on Gold chart beyond historical levels. Liquidity Zones First, in brief, let's discuss where liquidity concentrates. Market liquidity concentrates on: 1. Psychological levels Above, you can see a clear concentration of liquidity around a 2500 psychological level on Gold price chart. 2. Fibonacci levels In the example above, we can see how 382 retracement of a major bullish impulse attracts market liquidity on Gold XAUUSD daily time frame. 3. Horizontal support and resistance levels and trend lines. In that case, an area based on a classic support/resistance level was a clear source of market liquidity on Gold. Significant Liquidity Zone A significant liquidity zone will be the area where psychological levels, Fibonacci levels, horizontal support and resistance levels and trend lines match . Please, note that such an area may combine the indicators, or any other technical tools. Such zones can be easily found even beyond the historic levels. Look at a price chart on Gold on a daily. Though the market has just updated the ATH, we can spot the next potentially significant liquidity zone with technical analysis. We see a perfect intersection of a rising trend line, 2600 psychological level based on round numbers and a Fibonacci extension confluence of 2 recent bullish impulses. These technical tools will compose a significant liquidity zone. The idea is that Gold was rallying up because of the excess of demand on the market. We will assume that selling orders will be placed within that liquidity zone and the excess of demand will be absorbed by the supply. It will make the price AT LEAST stop growing and potentially will trigger a correctional movement. Learn to recognize such liquidity zones, it will help you a lot in predicting Gold price movements. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
GOLD (XAUUSD): Deep Consolidation & Your Trading Plan Gold is trading in sideways range for more than 2 trading weeks already. The recent high impact fundamental releases, did not manage to violate its weakness. Next week, pay attention to the reaction of the price to the support and resistance of the underlined range. If the price breaks and closes below 2605, it will open a potential for a further bearish continuation to 2565. Bullish breakout of the resistance of the range and a daily candle close above 2666 will confirm the strength of the buyers. The up movement will be expected at least to 2715. The absence of strong fundamental triggers will continue the consolidation. Alternatively, you can trade the market within the range, buying from its support and selling from its resistance. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1