MY VIEW ON XAUUSD (GOLD)On 4 hrs time frame Gold has formed an inverted head and shoulder chart pattern and the neckline has been broken and retested, there fore we are waiting for the price pullback to the neckline and trendline so that we can trigger our buying orders. WHAT’S YOUR OPINION ON GOLD??
Goldtradingsetup
XAUUSD-GOLD Dear traders, hope you all doing great, this will possibly be the last sell entry be on XAUUSD, We have high impact news on XAUUSD and that is why we think, it would be a perfect area to sell gold and target 400-500 pips. We may have the buy limit set around 1780-85 as this is the area every trader is eying on.
-Trade Setup will only be valid if we have good rejection to ‘red marked area’.
-If price comes to area range enter with 50-60 stop loss.
-First target 100 pips once achieved close 50%.
-Do not enter earlier with bigger stop loss.
-Trade smart and wise.||
Good luck and Trade safe. Remember, Patience Pays.
XAUUSD - TP smashed. Another amazing week complete Good evening gold gang!!
Well what can i say, the days analysis went to plan. First off got the sells on the 4hr candle flip. Didnt hit full TP but i paid myself and was out at break even.
Then late on the buys came above the zone and ran to target within the hour. Absolute perfection!! i banked a 1:3 on that.
Ive only been posting on here for the last 2 weeks and ive enjoyed it!! trading is a lonely game and its nice to interact and share my ideas with everyone.
Hopefully you guys take the same trades as me as per my analysis.
Have a great weekend!! remember to backtest at least 1 hour inbetween the beer!
see you monday
tommyXAU
Gold: Go long at a low level
Gold has reached the resistance zone and completed its first breakout attempt.
It is expected to continue rising after testing the support level.
The target range is 1850-1865, so it is recommended to focus on buying at a low level when trading.
Follow me to get more trading strategies and earn more profits!
keeping up is counting moneySuccess will not come to your door automatically, and happiness will not come to a person automatically. All the good things in this world need to be actively fought for. As long as you are sure of your abilities, why not recommend yourself?
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Today's strategy is to hold onto 1830 and continue, choosing appropriate entry points for long positions. Due to variations in individual entry points, specific operations will differ accordingly. For any unclear areas, please follow the message board and targeted advice will be given. Sincere wishes for all to profit.
Technical Analysis:
With oscillating momentum, we wait for a breakthrough! Therefore, today's operations are relatively straightforward! If there is a small retracement above the support level of 1830 in the morning, we can directly enter a long position! Breaking yesterday's high point will further rise to the 1850 resistance zone, with the short-term resistance above still unable to break through despite repeated testing last week! This zone is still our short-term target for bullish long positions and a range of oscillating resistance that we need to pay attention to! Once broken, we can further rise to the 1880 line!
The market is constantly changing, so we must keep up with flexible judgment and respond in a timely manner. Keep sufficient patience in the elliptical oscillation zone.
Keeping up with the rhythm is counting money, look at the recent strategy and graphics, and you will know how accurate my prediction is!
Seize the opportunity and make money is as simple as that
XAUUSD top-down analysis,UPDATEDHello 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.
Gold preparing for downside to $1,629Gold setting up for a bearish formation.
It could be an Inverse Cup and Handle, M Formation, Rounding Top.
Whatever it is, the signs are looking bearish.
21>7>200 - Bearish
RSI < 50 - Bearish
Target $1,629
INTERESTING FACTS
Gold is a chemical element with the symbol Au and atomic number 79.
Gold is a precious metal, which means that it is rare and valuable.
Gold is found in nature in a variety of forms, including nuggets, grains, and veins in rocks. It is most commonly found in deposits in South Africa, Australia, and the United States.
Today, gold is still used as a store of value and as a hedge against inflation and economic uncertainty. It is also used in jewelry, electronics, and other industrial applications.
The price of gold is determined by supply and demand in global markets.
It is traded on commodities exchanges, such as the New York Mercantile Exchange and the London Bullion Market.
The price of gold can be volatile, and it is influenced by a variety of factors, including economic conditions, political events, and investor sentiment.
Gold is measured in troy ounces, which are slightly larger than regular ounces. One troy ounce of gold is equal to about 31.1 grams.
XAUUSD (GOLD) Daily: 20/02/2023: Still Bearish?
The previous Gold TA:
Well, as you can see, the price had a bullish reaction after touching the demand zone, but it could not start a powerful move. So for now, the price should test the 1825-1820 area again.
Personally, I search for more falls that you can see on the chart.
💡Wait for the update!
🗓️20/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
XAUUSD (GOLD)Gold just broke out from the 1857 support zone after price escaped the bearish flag formation albeit with the help strong CPi data news on Dollar today. I expect price to continue down to 1800 (Psychological key level).
We enter the market once we see a bearish price confirmation.
As always, we react to what we see in the market!
Trade safely guys!
Gold a currency hedge assetThe 2 key reasons why gold keeps rising it is because
1) Gold is an inflation hedge asset
2) Gold is a currency hedge asset
Content:
• Gold is still an inflation hedge instrument
• Gold is also a currency hedge instrument
• How to invest & trade in Gold?
CME Micro Gold Futures
Minimum fluctuation
0.1 = $1
1 = $10
10 = $100
100 = $1,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
XAU/USD Short Trading SetupAccording to my analysis, gold price will go SHORT in the coming days. The support level 1828 match perfectly with fibonacci ret. and 2 things support my analysis.
1- Moving averages crossed each other down.
2- price sagged below the moving average.
If price breaks the resistance and make pullback with bearish engulf candle or if price reaches the moving average and makes an bearish engulf candle, the price will go down.
When the signal is confirmed, I will share it here again.
Follow me and stay tuned.
-HecateFX
"Teaches while earnings"
Gold Trading Plan - 10/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect Gold to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GOLD XAUUSD - Where now?Hi everyone,
We saw the reaction off the completed WXY highlighted last week (linked idea below) play out perfectly and the larger three wave corrective structure now also looks complete above the 1860 level.
My plan is to target the price inefficiency highlighted in the red boxes whilst monitoring how the forthcoming wave structure develops. Expecting initial resistance at the 1900 level.
A bullish five wave structure will likely lead gold higher beyond 1960, completing the impulsive move which began in September 2022. Will update how that plays out accordingly.
Trade safe.
BeyondEdge
2 Key Reasons Gold Keep RisingThere are two assets being the best hedge against inflation, they are stocks and commodities, especially the precious metals.
How are they performing so far? Who is the real winner and how about if inflation persists, between stock & precious metals who will perform better in the near and further future, and why?
Content:
• Their performance in the last: (who is the winner?)
i. 50 years
ii. 20 years and
iii. 3 years
• Market outlook if inflation persisted
• 2 key reasons for gold keep rising
Gold as an inflation hedge has cast a lot of doubts. I hope today’s presentation has given you a better appreciation about Gold.
2 key reasons for gold keep rising
• 1st Key - Easy money policy produces inflation - We all know by now printing money will cause inflation
• 2nd Key – Gold is a currency hedge
Some argue that with higher interest rates to come, Gold may face greater headwinds ahead because of a stronger dollar, we will discuss Gold as a currency hedge next week.
CME Micro Gold Futures
Minimum fluctuation
0.1 = $1
1 = $10
10 = $100
100 = $1,000
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
XAUUSD top-down analysis,UPDATEDHello 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 top-down analysisHello 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.
GoldViewFX - MONTHLY CHART TARGETSHey Everyone,
Please see updated monthly chart setup.
The next few days is crucial before month end to see where we finish off on the monthly candle.
EMA5 cross and lock below 1776 will open 1679, even just a candle body close this month below this level will still strengthen the chances of 1679 challenge. In fact the EMA5 cross and lock below 1776 on the monthly chart can actually create enough momentum to break below 1679. Failure to cross with a new Goldturn just above this level will open the full recovery into high 1800s.
Although last weeks movement due to JHS has skewed the data somewhat, with most charts looking Bearish in the short term, we need to keep in mind the long term trend is still intact and our long term Bullish stance is still in play.
Trading level to level on the shorter timeframes keeps us out of trouble and allows us to trade the range safely without committing to anything long term in these volatile conditions.
As always we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Gold : Intraday Technical AnalysisGold Intraday Technical Analysis:
The yellow metal faced rejection and 1870 and the downtrend prevailed in the gold market like all other financial markets . My idea is that the gold will try to test the support of 1950 once again today during London or New York session. My target is entry after the confirmation of support at 1950 with target of resistance of 1960 and 1970 for intraday.
#XAUUSD #gold #goldtrading #goldtradingsystem