Gold is bound to pull back after its sharp rise, 2085SellIt rose violently last Friday. I personally believe that gold prices do not have the conditions to move unilaterally in the near future, and shocks are inevitable! From a technical point of view, after the gold price surges, there is a need to fall back and adjust! So I sold it at 2085!
The price of gold has now reached the key high near the 2100 mark again. The daily line is currently blocked by the previous high of 2088. If it were not for stimulating events, it would be difficult to continue to remain strong in the near future! It was expected to fall first. Plan your transaction, trade your plan, and the transaction will become very easy. The current trend is clear and the points are clear, so don’t hesitate and sell directly!
Goldtradingsetup
GOLD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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XAU/USD 04 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis is the same as yesterday's analysis (03/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Bearish CHoCH indicates, but not confirms, that bearish pullback is underway.
I have plotted sub-internal structure, which is denoted in red to gain a micro-view of the movement of price due to size of the internal structure range.
Intraday expectation is for price to continue bearish, react at M15 POI, or 50% EQ is discount before price continues bullish to target weak internal high.
M15 Chart:
GOLD, LongGold after hitting the High of $2087.98 is anticipated to retest the next significant level support 2065 with an attempt to pick liquidity and further driving up to test the all-time high of $2145 is on the card this week.
DXY at the close of last week represent a probability of the dollar index declining to the next key level of 102.5 which could give GOLD the upper hand to drive up.
The week's USD fundamentals such as the Jolts Job Opening, Powell's testimony and NFP are very important, and the outcomes will significantly determine the price of GOLD. Thus it is worth keeping an eye on.
Support: 2064
Resistance 1: 2082.5
Resistance 2: 2145
XAU/USD 04-8 March 2024 Weekly AnalysisWeekly Chart:
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with a vertical blue dotted line.
At some stage HTF request to LTF would be to switch bearish to facilitate HTF pullback.
Weekly Analysis:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-. Sub-Internal: Bullish.
-> Has reached EQ.
After having mapped sub-internal structure, denoted in red, price has now printed a bullish iiBOS
Most likely scenario is for price to pull back. First indication, but not confirmation, would be a bearish iCHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pull back.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
Gold breaks out of the shock range, buy if it steps back to 2040Last night, with the support of initial jobless claims, the price of gold took advantage of the trend and broke through the triangle shock range and the previous high pressure level of 2041. The price of gold has found a new space for the bulls! The day-to-day operation idea is very simple, just go back to the key support level of 2041 and buy near it!
Yesterday, our signal was to sell at the high level of the shock range. Considering that many major data will be released soon, we closed the profit in 2030 in advance. Now it seems that this decision is very correct, and the gold price has directly risen to 2050! And in the state of complete victory this week, after making huge profits one after another, I took advantage of the trend and turned to long today, but now I still need to wait for it to fall back a little before buying!
Good luck to everyone
Gold Smashes through the recent highMaking use of a much wider stop loss due to the accelerated volatility
I posted a few minds this morning this exact idea (that gold would buy>
1. (www.tradingview.com)
2. (www.tradingview.com)
3. (www.tradingview.com)
Before someone says that I took the trade without explanation > here is your before and after ;)
It is better to have a wider stop and still be in the trade as opposed to have a ridiculously tight stop and be stopped out every other time
My confluences to take this trade were simple and are as follows:
Question 1 - Was Gold in momentum (bullish or bearish)?
Yes, Gold was in bullish Momentum at the time of me looking at it
Question 2 - Who was interested (at that time)?
Buyers were interested at that time (purple circles)
Question 3 - Where were their stop losses?
Stop losses would have been right below the highlighted levels (red horizontal line )(break out buyers)
Question 4 - Have those stop losses been taken out?
Yes I believe Stop losses would have been taken out already on Gold (Red X)
Question 5 - Did the set up make sense for me to pursue?
Yes I believe it made sense for me to pursue this trade given the information I had
________________________
Many traders seemed to be interested in sells this morning probably due to price being really high in time (I don't really know, nor can I understand why)
Especially when price is so bullish, it's like you're seeing a bull running towards you and you deciding to try to charge directly towards it
That is how I feel about selling in a bull move. My system may seem stupid but you have to admit it works.
That being said, this isn't meant to gloat, it is meant to shine a light on what I think works in the hopes that other traders may realize things they might be doing wrong.
Downvote\Don't boost if you didn't read this entire post and didn't try to understand
OR
Upvote\Boost if you did read this entire post and did try to understand
P.s Being wrong isn't the probably, I am wrong a lot. Being wrong and remaining ignorant is why most traders will stay losing
Have a great day
XAUUSD: 1/3 Friday market analysis and strategyGold hit a one-month high of 2050 on Thursday and closed near 2044. U.S. inflation data was in line with expectations and the number of Americans filing for unemployment benefits increased slightly, providing upward momentum for international gold. Traders' attention turned to further comments from Federal Reserve officials for clues about a rate cut.
The latest data were in line with expectations after recent strong inflation data, which showed the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar. This makes gold cheaper for investors holding other currencies.
At the same time, U.S. Treasury yields fell, increasing gold's appeal, and the market adjusted expectations for a June interest rate cut. Although gold has traditionally been considered an inflation hedge, higher interest rates to control price increases would discourage investment in gold because it does not pay interest.
Gold technical analysis
Daily resistance is 2053, lower support is 2015
Four-hour resistance 2053, lower support 2038-26
✅Gold operation suggestions:
Gold bulls ended the multi-day oscillation yesterday and finally ushered in its first breakthrough. After the bulls broke through 2040, they directly touched near 2050 and have been oscillating around 2040. From the current point of view, short-term gold price support focuses on the hourly neckline. It is near 2038. The upper pressure is focused on the vicinity of 2053. The short-term bullish strong dividing line has moved to 2038. The daily level has not broken through and stood above 2053. We cannot fully believe that the bulls will return. Let’s first look at the operation in the 2053-2038 range.
Pay attention to the dividing line between long and short in 2038
SELL:near 2053
SELL:near 2038
BUY:near 2038
Technical analysis only provides trading direction!
xau/usd📈 Trade Update: Gold Analysis 📊
Our latest analysis on /usd#xau has proven profitable, securing over +500 pips since February 18. 🌟 Excitingly, another opportunity has presented itself for potential gains.
🔍 Analysis:
Buy Zone: $2044 - $2040
TP1: $2065
TP2: $2082
TP3: $2099
SL: $2013
Stay tuned for real-time updates and let's navigate the markets together! 💰
XAU/USD 01 March 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (29/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
Price indicates that we are still in the bullish pullback phase of the bearish iBOS
Current expectation is for price to react at H4 POI before targeting weak internal low.
First sign of completion of pullback would be bearish CHoCH which is marked by a red dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed another bullish iBOS. Internal range established.
Bearish CHoCH indicates that bearish pullback could be underway.
Intraday expectation is for price to continue bearish, react at M15 POI before price continuing bullish to target weak internal high.
M15 Chart:
Gold is at the high of its shock range, choose Sell in 2037Yesterday, our signal won again. We bought from the price of 2026 and rose to 2038. The profit reached more than 100%. Friends who followed the transaction all made huge profits.
From a technical point of view, the price of gold has reached a critical period. The highs are constantly lowering, the lows are also lowering, and it has recently formed a wedge shape! Gold price is the first to reach the upper pressure near 2036 and sell first! If there is a unilateral breakthrough in the near future, you need to stop losses immediately and follow the trend!
Yesterday I said that the current market is at a high level and is oscillating. It needs to sell high and buy low within the range, and it is now at a high level within the range. So today I will no longer continue to be bullish, but sell at the current price. Specific operation details Customize it yourself.
If you want to get my accurate signal, you can contact me below. Good luck to everyone.
XAU/USD 29 Feb 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (28/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price reacted to the 50% EQ of the swing range, which is indicated in black to form bearish price action.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is complete is once price breaks and closes below sub-internal structure low to target the weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS. Internal range established.
POI marked with red border is a flip-zone where price mitigated and continued bullish.
Price reacted to the flip-zone again and continued bullish.
Intraday expectation is for price to continue bullish to target weak internal high.
M15 Chart:
XAUUSD:28/2 Today’s Market Analysis and StrategyAlthough U.S. durable goods orders data in January performed poorly, gains in London gold prices were limited as some short-term bulls took profits. Investors will focus on key inflation data and comments from Federal Reserve officials this week.
The dollar index remained weak, hovering near a three-week low, making gold more attractive to overseas buyers. At least 10 Fed officials will speak this week, and the Fed's preferred PCE data will be released on Thursday.
Concerns about the economic outlook, especially the outlook for the labor market, and worries about the upcoming presidential election became consumers' top concerns in February, causing consumer confidence to fall after rising for three consecutive months. Consumer confidence dropped on Tuesday, but inflation expectations for the next 12 months fell to their lowest level in nearly four years.
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, lower support 2015
Gold operation suggestions:
Gold is constantly oscillating. Today, the upper resistance is around 2037-41. Relying on this position, continue to go short once. The lower support is around 2020. During the day, rely on this range to sell high and buy low. You can participate multiple times.
SELL:near 2041
SELL:near 2015
BUY:near 2000
#GOLD facing resistance in the shorter time frame!Gold is currently trending within a falling channel, with the upper resistance indicating an upcoming drop towards the 1980 level, in the short term. For a bullish trend to emerge, gold would need to break out of this channel and surpass the upper horizontal resistance.
In my opinion, Gold's price will drop towards the lower support level.
Stay tuned for further updates.
Gold’s retracement is confirmed, you can buy it directly in 2027The price of gold continues to fluctuate at a high level, and the one-hour mid-term trend lows are constantly rising! The price of gold continues to rise around the trend line. Judging from the current market situation, the bulls are not over yet, and 2027 is basically in place, so you can buy it directly in 2027!
Recently, our short-term signals have almost completely won. As far as the current trend is concerned, the gold price has entered a narrow range of fluctuations. During the range, sell high and buy low as much as possible, so as to make more profits from the limited space. However, If the price of gold chooses one direction to break through, that's when we stop!
Specific strategy: buy gold in 2027, target 2045
XAUUSD BUYXAUUSD ( Gold ) has been trading bullish for a long time. Many triangle pattern are forming on both short and long term time frames. I am setting a position below the triangle pattern and expecting a clear retail stop. My position is based on news reports soon be released and a strong technical view on the market.
XAU/USD 28 Feb 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (27/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price reacted to the 50% EQ of the swing range, which is indicated in black to form bearish price action.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is completed is once price breaks and closes below sub-internal structure low to target the weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS. Internal range established.
POI marked with red border is a flip-zone where price mitigated and continued bullish.
Flip zone is also closely located close to 50% EQ.
Intraday expectation is for price to react at H4 POI, strong internal low to be respected. Price to continue bullish to target weak internal high.
M15 Chart:
Gold breaks resistance, awaits pullback to 2031 to buyLooking at the one-hour market, gold prices are currently running above the moving average support of 2025, while the retracement is hovering around the 2031 line. The short-term retracement trend remains unchanged! As far as the technical form is concerned, I personally think that the adjustments have been made, and now is an excellent time for a long-term layout! Intraday operation 2031 buy!
From a technical point of view, the gold price has already broken through the previous key pressure level of 2031, and short-term bulls have entered a new range. However, the top is facing the pressure of the four-hour downward trend line at 2050. The short-term bull target will first look at 2045, and when the gold price reaches and Decide on a new direction and make further plans!
Good luck to everyone
XAUUSD: 27/2 Today’s Analysis and Strategy
gold technical aspect
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, lower support 2015
Gold operation suggestions:
Today, the upper resistance continues to focus on last Friday's high around 2040-42, and the lower support focuses on around 2020-15. According to this range, we will continue to sell high and buy low. In the short term, there is a high probability that time will be exchanged for space to continue the long and short narrow range operation.
SELL:near 2041
SELL:near 2015
BUY:near 2000
XAU/USD 27 Feb 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (26/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price is reacting to the 50% EQ of the swing range, which is indicated in black.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is completed is once price breaks and closes below sub-internal structure low to target the weak internal low.
Price could possibly continue bullish, react at H4 POI before continuing bearish move.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS. Internal range established.
POI marked with red border is a flip-zone where price mitigated and continued bullish.
Flip zone is also closely located close to 50% EQ.
Intraday expectation is for price to continue bullish to target weak internal high.
M15 Chart:
XAU/USD 26 Feb 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (25/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price is reacting to the 50% EQ of the swing range, which is indicated in black.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is completed is once price breaks and closes below sub-internal structure low to target the weak internal low.
Price could possibly continue bullish, react at H4 POI before continuing bearish move.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS. Internal range established.
Bearish pullback currently underway indicated by bearish CHoCH.
POI marked with red border is a flip-zone.
Intraday expectation is for price to continue bearish, react at M15 POI, which is also a flip zone, thereafter price to continue bullish to target weak internal high.
M15 Chart: