Goldusd
XAUUSD New Week Possible MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
Long Time Frame #LTF :
BULLISH CHANNEL - Breakout and Retest Done
ELLIOT WAVES - " 12345 " Impulsive and " AB " Corrective Wave Completed
Short Time Frame #STF :
BULLISH CHANNEL - Rejection from Lower Trend Line #LTL , Support Level , Fibonacci Level - 23.60%
ELLIOT WAVES - " 12345 " Impulsive wave completed and it will Follow Buy to Complete " ABC " Correction
Buying Divergence
Gold (XAUUSD): What to Look at Next Week 🟡
Hey traders,
Gold is trading in a long term bearish trend.
After a correctional movement, at the beginning of October, the market initiated a new bearish wave.
The market is currently approaching 1635 - 1645 support.
To catch a bearish continuation, wait for its bearish breakout (4h candle close below the underlined zone).
A bearish continuation will be expected to 1620 support then.
Good luck next week, traders.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Gold Price Prediction In this idea I share a couple of concepts with you. The formation know as the scallop comes in 3's. These formations are in every time frame. They just one of the repeating fractals throughout chart movement. For example: 3 ascending scallops on the 30 minute would make up roughly 1 in the 60 minute chart. To keep track of this I borrow scale designations from Elliot Wave. Here in Gold if you look through my chart you will see the largest(Grand Major) set of scallops coming to completion with a double top signaling the reset into a set of 3 descending scallops. I have marked the projections as I see them playing out on a "Major Scale", but have included a possible target for the "Grand Major scale for the bottom as well as a top side for the double bottom that comes from the falling wedge that is forming coming to completion. Every fall in my opinion is a falling wedge in one form or another with slight features warped due to bullish/bearish sentiment that pulls it outside the parameters of what the constricted rules of line drawing would have us adhere to. The next step in the pattern is the double bottom that will start the uptrend. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains-ND Much love to my supporters
XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
Making its correction " ABC " in Long Time Frame #LTF
In Short Time Frame #STF it is making Elliot Waves and completed the " 1234 " Impulsive wave and it will make " 5TH " wave at the Strong Support Level 1615 - 1624
It is also Following Symmetrical Triangle in Short Time Frame #STF and it has Breakout the Lower Trend Line #LTL and Retested it will now Follow Bearish Moves Again
Selling Divergence in #RSI
Gold Trend 11/10 - 14/10Carried the selling momentum from last Fri., gold sank further yesterday. The market opened at 1694 back from the weekend. After the price briefly touched 1700 during the opening hours, the bearish run began. It cleared the 1680 support in the US opening session and landed at the day-low near 1665. The day ended at 1668, down by USD 25.
Selling resumed after the US employment figures last Fri. After it cleared the 1700 support, an S-T resistance line(2) formed in the past 24 hours; the downward trend should continue before the price breakout from this trendline(2). The next critical support is near 1650(4) for now.
A bottoming signal has yet to appear in the daily chart, where the 20-day MA become the upside resistance again. Gold should touch a new weekly low today. Within the next 24 hours, let's see if the price can resuming its position within its previous 1653-88(5) trading zone.
S-T Resistances:
1676
1670
1665
Market price: 1663
S-T Supprots:
1660
1655
1650
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P. To
Gold Trend 12/10Gold touched a new 1-week low yesterday. The day began at 1667, and the price was traded between 1660-71 throughout the Asian & European sessions. A rapid jump to the day-high 1684 occurred at the US session, but the price got pull-back led to the day ending at 1665, down by USD 2.
The S-T selling trend originated from 1710 has ended yesterday after the price climbed above the downward trendline(1). Waiting for the US Fed. Minutes later today, the price is settling in a tight range between 1660-80(2).
Gold's pull-back from 1684 yesterday has created a selling signal(4) on the daily chart. The trend on the daily chart remains bearish, and the resistance at the 20-day MA(5) remains in effect.
S-T Resistances:
1680
1676
1670
Market price: 1667
S-T Supprots:
1665
1660
1655
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XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
According to Elliot Waves in Short Time Frame #STF , it has completed the " 4th " corrective wave at Fibonacci Level - 61.80%
It is currently standing at the Demand Zone and Rejecting from the Strong Support Level 1660 - 1665
Buying Divergence in Long Time Frame #LTF
It is Following Corrective Rectangular Pattern if it Breaks the Upper Trend Line then Buy
Another Reason for Buy is DXY will Fall
gold break downthis is my analysis of what could happen today based on gold market structure gold has broken the previous 4 hour low and I now have my A and B POINTS for my fib retracement i am now waiting for c which would be at the 50 % retracement which is also at my previous low meaning support will now act ass resistance
Gold final test before the drop Quadruple Top.
Broken below
Testing the resistance of the downtrend.
If the price continues down from here, we could see the price level drop to $1,364.
Concerns: Gold stocks have been recovering over the last few days, and this could help push the price of gold up.
Smart Money normally tries to avoid major sells if it's not in their best interest.
I would like gold to turn up but the current situation is bearish.
Gold Setup Hey guys hope you are doing well
According to H1 Time Frame we Analyze gold will open as a bearish and go down up-to 120-150 pips
We will open the positions with buy after touching our expected targets but always remember use proper lot size or risk management
After 120 - 150 Pips gold would be bullish at the end point at 1714 - 1724 - 1735 - 1743
Best of Luck !!
XAUUSD Gold New Week MovementTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H4
Long Time Frame #LTF ( BEARISH CHANNEL )
Rejection from the Upper Trend Line #UTL
Possible Rejection from 1680 - 1686 if Breaks then Sell
It has completed the Impulsive waves in Long Time and Short Time it is now making " A " Corrective wave in Long Time Frame #LTF and " B " in Short Time Frame #STF
If Rejects from the Demand Zone then Possible it will Follow Head And Shoulder in Short Time Frame #STF
XAUUSD top-down analysis, UPDATED!!Hello 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 analysis, UPDATED!!Hello 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.