GOLD SELL | Idea Trading AnalysisGOLD is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello 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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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Goldtradingsetup
Is it time to sell gold? I don't think so.
Gold price analysis:
Current short-term trend: Up.
News: Good news for gold
Technical Indicators: MA shows bullish trend
Short term pattern: triangle consolidation
Breakthrough direction: Up
Support: 2366-2262
Pressure: 2397-2404
In the short term, low buying is still the main trend!
The above gold prices are based on the real-time prices on TradingView.
Reference products: MCX:GOLD1! TVC:GOLD OANDA:XAUUSD COMEX:GC1!
Taurus will continue to lead gold higher. tp2216
From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large.
The U.S. dollar also surged higher but fell back, providing good support for gold prices.
A substantial support has been formed at the hourly level, and the four-hour candle chart is still in a bullish trend, which is a good opportunity to buy low.
Friends who continue to pay attention will find that continuous buying has made particularly great progress this week. It can also be verified from a historical perspective. If you are a newbie or don’t know how to trade yet. Stay tuned so you don’t miss out on every accurate recommendation for reference.
Buy gold at the price of 2206-2207 and hold it until it rises.
sl2198
tp2166
Related Products TVC:GOLD MCX:GOLD1! OANDA:XAUUSD
Gold prices remain bullish. Available to buy now
Gold prices in Asia were flat.
No news about assists yet
The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce.
Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should continue.
Today’s trading target remains at 2186-2190. Mainly buy low.
Radical friends can do so at a location near 2177.
Friends who don’t want to take risks can proceed below 2175
Control risk when trading.
XAU/USD 09 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is currently reacting at premium of EQ of the internal structure where it is expected the strong high will hold.
Intraday expectation : From a bearish structural perspective price to target weak internal low.
H4 Chart:
M15 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 08 May 2023
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish iBOS
Bearish CHoCH has been printed which indicates, but not confirms, that we are in pullback phase.
Intraday expectation: Price to react at 50% or M15 POI before targeting weak internal high.
However, due to the bearish structure of H4 it would not be unrealistic for price to target swing low.
M15 Chart:
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate retaliation.
Meanwhile, US front, robust US Retail Sales figures from last week triggered a reevaluation of interest rate expectations, propelling the US 10-year note yield to levels not seen since November 2023, reaching a peak of 4.696%. Atlanta Fed’s Raphael Bostic cautioned against persistently high inflation, signalling a challenging path ahead for the central bank. Yet, New York Fed President John Williams struck a more measured tone, highlighting the Fed's data-driven approach and its current stance on monetary policy.
As market sentiment fluctuates, the CME FedWatch Tool hints at a shift in sentiment for potential rate cuts, with September earmarked as a likely window for action. Against this backdrop, this video delves into the technical intricacies of the XAUUSD chart. Through the lens of price action analysis, we unravel the behavioural patterns driving market dynamics and offer insight into potential price movements for the week ahead.
XAUUSD Technical Overview:
In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities.
Our focus for the upcoming week centres around the $2,365 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,365 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
XAUUSD: 24/4 Today’s Analysis and StrategySpot gold technical analysis
Daily resistance is 2350, support below is 2320-2300
Four-hour resistance is 2334-64, square support is 2320-2300
Gold operation advice: Gold rebounded after bottoming out in the U.S. market yesterday. After hitting the lowest near 2291, it began to counterattack in the U.S. market, and the highest hit near 2332. After two months of sharp rise. Gold began its two-day decline. Although yesterday's decline was completely swallowed up by the US market, it also allowed the market to see the willingness of short sellers to attack. The current key pressure and watershed above gold remains at yesterday's high point of 2335. This position will also serve as an important suppression in the short term. If gold continues to fall in the later period, the withdrawal amplitude should not exceed this position. At most, it will only form a certain false puncture effect.
Judging from the current trend, the top will focus on the 2335 line for short-term suppression, and the bottom will focus on the 2320-2300 line for short-term support. In terms of operation, it will be short on the rebound. If the price does not break 2320, rely on the 20 position to go long, and keep trading with the trend.
BUY:2318-2023
SEL:2330-2335
SELL:2309-2013
Technical analysis only provides trading direction!
Gold trading strategies continue to be bearish
Spot gold continued to rebound in the short term, with the price of gold once touching $2,330, climbing nearly $15 from the intraday low. It was always difficult to break through $2335 and then fell to around $2315.
If gold prices want to reverse the downward trend upward, the outlook for gold prices remains bearish unless gold prices rebound above $2,343.00.
Spot gold closed slightly down 0.2% on Tuesday at $2,322.03.
Gold prices closed below $2,325.90 per ounce yesterday, which makes the corrective bearish trend still valid for some time to come. Currently waiting for gold prices to fall towards the next correction target of $2,280 per ounce.
The stochastic indicator is currently sending a clear negative signal, which supports the return of gold prices to the expected decline. Additionally, the 50-period exponential moving average (EMA) is creating bearish pressure. It should be pointed out that if gold prices break through $2343.00, this will stop the bearish correction and push gold prices back to the main bullish trajectory.
Gold prices today will be between the support level of $2,295.00 and the resistance level of $2,335.00.
The expected trend for gold prices today is bearish.
Trading idea: Trade short gold after the rebound
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
Correct gold trading advice, winning is not about confusion
friends
The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges?
In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading and made a profit.
If you followed my trading advice, you may have gained something. Taking advantage of opportunities to make profits in trading may not be so difficult after all.
Now the price of gold has rebounded to around US$2,330 after falling to a low of US$2,291. There is a certain pressure on the top. If it is still difficult to rise to the range of US$2,335-2,340, then there will inevitably be a downward trend!
Correct gold trading advice, winning is not about confusion
friends
The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges?
In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading and made a profit.
If you followed my trading advice, you may have gained something. Taking advantage of opportunities to make profits in trading may not be so difficult after all.
Now the price of gold has rebounded to around US$2,330 after falling to a low of US$2,291. There is a certain pressure on the top. If it is still difficult to rise to the range of US$2,335-2,340, then there will inevitably be a downward trend!
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
Gold short-term technical trading strategy
Friends, gold has plummeted recently, and opportunities and challenges coexist. Are you ready to welcome your victory?
Spot gold suddenly plunged nearly 40 US dollars in the short term, and the gold price just hit a low of 2295.44 US dollars.
What happened yesterday was that this important factor that was good for gold prices disappeared.
Tehran has played down Israeli drone strikes in retaliation against Iran, a move that appears aimed at avoiding an escalation in the region. Global risk sentiment was boosted by signs that the conflict between Iran and Israel would not worsen.
This has eased investors' concerns about conflicts in the Middle East, prompting them to scale back safe-haven trades and instead favor riskier assets such as stocks.
Looking at the daily chart of gold, the price of gold has fallen sharply, which may start a more severe corrective decline. Technical indicators are turning firmly to the downside.
Gold prices fell below the key Fibonacci support level at $2,326.56, which is the 23.6% Fibonacci retracement of the rise from $1,984.20 to $2,431.43.
In addition, gold prices have also fallen below support near $2,310, which will push gold prices down to the next Fibonacci support level of $2,260.70.
Therefore, in short-term trading, my suggestion is to short-sell at a high price after rebounding during the decline!
Enter short position near $2320.
TP: USD 2295-2390
SL: USD 2330-2335
If you encounter difficulties, you can seek my help. I will share trading strategies and trading ideas every day.
XAU/USD 24 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish which confirms the initiation of pullback which was needed by all HTF's.
Following the bearish iBOS we now expect price to pullback.
Intraday expectation: We are seeing a reaction to H4 flip zone where price could target weak internal low, however, price is trading in between H4 supply and demand. Price could potentially continue bullish to 50% EQ before targeting weak internal low.
H4 chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS
We are currently trading within an internal range with price printing a bullish CHoCH which indicates, but not confirms bullish pullback initiation.
Price has reacted from H4 supply POI which was well positioned in premium EQ.
Intraday expectation: price to target weak internal low, however, price could potentially from any H4 or M15 POI.
M15 Chart:
Gold continues to pull back, today’s trading strategy analysis
Gold plummeted more than $50 today, and has already seen a negative trend during the day. With the market's concerns about conflicts in the Middle East further fading and the continuous hawkish signals from Federal Reserve officials, a sharp decline is expected in the near future.
As the impact of the situation in the Middle East subsided, the price fell as low as $2,333 in the short term. However, because the market fell too fast, it indicates that there will be a rebound trend in a certain range. However, the current trend is still mainly downward.
Today's trading strategy is still mainly short selling at high prices.
Entry is in the 2350-2360 range, with a downward outlook of $2330-2320.
The 2365 line above needs attention.
If the rebound rises to the 2365-2370 range and stabilizes, a rise back to last week's gold price levels may occur.
If you encounter difficulties, you can seek my help. I will share trading strategies and trading ideas every day.
XAUUSD | Gold Setup TimeFrame M15XAUUSD | Gold Setup Timeframe M15
This idea is based on Educational Purposes
We will Wait for break the Ascending line
Current point at 2302.00
if Gold break the 2306 point we will open our positions from that point We will hold until Resistance at 2319 break then 2339 and our End Target would be 2349.00
if this point ( 2306 ) can not break this idea would be expired
Cheers and Wait for the Next update
XAU/USD 23 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bearish which confirms the initiation of pullback which was needed by all HTF's.
Following the bearish iBOS we now expect price to pullback.
Intraday expectation would be for price to retrace to H4 POI or 50% EQ to then target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a series bearish iBOS' which was expected as per yesterday's analysis.
We are currently trading within an internal high and fractal low with bullish CHoCH being positioned at the same level of the internal high.
Price has tapped in to M15 Demand area where we saw a reaction.
Intraday expectation would be for price to retrace to either 50% EQ or nested H4 and M15 POI's before targeting weak internal low.
M15 Chart:
GOLD: First Idea Turned Out to be in our favour| What next? Dear Traders,
Hope you are doing great, Gold declined from 2417$ mark and dropped significantly 600 pips on first day of the week. This implies that Gold is likely to make major correction before it rebound and continue the bullish trend. For us, we can enter now with accurate risk management and target 2300$ first and then our second target can be at $2280. The second entry is if Gold decide to retrace a bit as in Asian Session then possible area that it may reach up to and reject is 2371$.
Good Luck and Trade Safe
Gold trend analysis
In early Asian trading, spot gold fell within a narrow range and is currently trading around $2,383.
Gold prices temporarily came under pressure at the $2,400 level mid-week last week, but with two failed breakouts, bulls have opened the door to profit from the breakout, but support continues to be bought. I’m not sure if this is accumulation from larger players or just interest rate expectations surrounding the US FOMC, but the fact that this move continues to attract bulls to buy at support makes me think gold’s bullish trend is not over yet.
I will share trading strategies and trading ideas every day. I hope that with my help, everyone can make huge profits!
XAU/USD 22 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price has tapped into H4 demand where we are seeing a reaction, however, price has previously failed to break and close above weak internal high.
The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS which confirms internal structure is now bullish in-line with bullish swing structure.
Price has now tapped into a M15 demand area, however, as the demand area has yet to do anything significant I will be watching this zone.
Additionally, price has failed to close below strong low, therefore, internal bullish structure remains intact.
Current intraday expectation would be for price to target weak internal high.
However, as all HTF's require a pullback it would not be unrealistic for price to close below strong internal low.
M15 Chart:
GOLD 1H CHART ROUTE MAP FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price test 2393 on market close last week with a candle body close gap to 2408 weighted level. We will need to see ema5 lock to further confirm this.
We will need to see ema5 lock above 2408 to further open the range above or a rejection will follow to find support at 2371. A cross and lock below 2371 will open the retracement range and a further cross and lock below 2333 will open the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2393
2408
EMA5 CROSS AND LOCK ABOVE 2408 WILL OPEN THE FOLLOWING BULLISH TARGETS
2422
2440
AND POTENTIALLY 2454
BEARISH TARGETS
2371
EMA5 CROSS AND LOCK BELOW 2371 WILL OPEN THE RETRACEMENT RANGE
2355
2333
EMA5 CROSS AND LOCK BELOW 2333 WILL OPEN THE SWING RANGE
SWING RANGE
2278- 2258
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
Mr Gold
GoldViewFX