XAU/USD 16 August 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias to remain the same as yesterday's analysis dated 15 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
As per previous intraday expectation, price was approaching internal high, however, due to US CPI data, and traders trimming rate-cut bets due to US CPI data, price had a bearish reaction, nonetheless, bullish structure remains intact.
Intraday expectation: Price to continue to target weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's intraday expectation was met with price targeting weak internal low printing a bearish iBOS.
Bullish CHoCH positioning and strong internal high are positioned at the same level, however, as price has pulled back to discount of 50% internal EQ, I am happy to confirm internal low.
Price has reacted at H4 supply zone.
Intraday expectation: Price to target weak internal low, however, and as per yesterday's intraday expectation, we need to be mindful that H4 internal structure is bullish.
M15 Chart:
Goldusd
XAU/USD Outlook ICT ConceptsGold (XAU/USD) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
As anticipated in the previous analysis, Gold expanded higher and tapped into the 4-hour Fair Value Gap (FVG). This move indicates a fulfillment of the prior target and highlights the market's potential trajectory.
📍Current Market Overview:
Gold is currently trading at 2,444.070, within a key zone. The market is positioned near the Previous Week High (PWH) and Previous Month High (PMH), making these levels crucial for assessing future price action.
🔍 Identifying Key Levels
• PMH (Previous Month High): 2,480.000
• PWH (Previous Week High): 2,460.000
• PWL (Previous Week Low): 2,368.000
• PML (Previous Month Low): 2,292.000
• SSL (Sell-Side Liquidity): 2,352.500
• 4H FVG: Located near 2,445.450, recently tapped.
📊 Key Considerations
• Price Action Post-FVG Tap: Following the tap into the 4H FVG, there is an expectation of a potential retracement lower.
• Buy-Side Liquidity (BSL): Aiming for the PWH and PMH levels to sweep these BSL zones could precede a sell-off.
• Sell-Side Target: Post BSL sweep, the focus will be on retracement targeting the SSL and other lower levels on the chart.
📈 Bullish Scenario
A bullish scenario might unfold if:
• Sweep of PWH and PMH: If the price manages to sweep these levels without significant resistance, it might continue to explore higher liquidity zones.
• Lower Time Frame Entries: In lower time frames, opportunities may arise to position long, targeting PWH and PMH for short-term gains.
• Continuation Above PMH: A sustained move above the PMH could invalidate the bearish setup and open up higher targets.
📉 Bearish Scenario
A bearish scenario could develop if:
• Rejection at PWH or PMH: If the price shows signs of rejection after sweeping the BSL at these levels, a retracement back into the FVG or lower levels becomes likely.
• Break Below 4H FVG: A decisive break below the 4H FVG could signal a continuation lower, focusing on SSL levels.
• Bearish Confirmation: Watching for bearish confirmation patterns or candle structures at these levels will provide early signs of a trend shift.
📊 Chart Analysis Summary
• Bullish Expectation: Aiming for the PWH and PMH levels, with lower time frame entries offering potential upside.
• Bearish Expectation: Post-BSL sweep retracement could lead to a correction targeting SSL and lower zones.
📝 Conclusion:
Gold's recent move into the 4H FVG aligns with the expected price action, suggesting a balanced outlook with potential for both bullish and bearish scenarios. Monitoring the reactions at the PWH, PMH, and FVG levels will be critical for anticipating future market movements.
🙏 Thank you for joining us!
Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
XAUUSD Gold to 4KTimeline is 6 months - 2 years
The crash has already started. At some point everyone will start to sell thier treasury bonds, yields will go up proportionally to inflation until the dollar loses it's status as the global currency and dramatic measures are used to stop inflation resulting in stagflation and yield recovery. Else hyper inflation and the dollar is replaced entirely.
I see the momentum indicators shifting in various markets. Below is a brief summary of each, relevant indicators/markets. see charts.
US1YRBILLS
WTI CRUDE
SILVERUSD
BONKCOIN
TSLA
Gold is heading to 2340 zone(8/5/2024)in our last analysis, we predicted the gold move correctly, the price overlapped the 2450$ and moved back quickly even though the weak NFP data couldn't make significant changes.
after the NFP data, the market made a bearish candle and for now is aiming for lower prices.
For now, we are expecting the price to move in the C wave. In this case, the final wave will be around the 2340 area.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Daily Bias Still Bullish Or Bearish?When I Come To Daily Chart That I Can See Last Friday Fall Has Ended From 2414 (Fibonacci 0.5) Level And Also A Good RBS Zone (Resistance Become Support) But Couldn't Make A HH (Higher High) In The Market Structure. In The Same Time That I Can See Gold Is Moving In Side Of A Parallel Channel So Far. Still Has No Clear Conformation What ever It's Break Or Not In The Daily Time Frame.
Wait For 4H Update As Last Update Until Market Move.
Daily Bias Still Bullish Or Bearish?When I Come To Daily Chart That I Can See Last Friday Fall Has Ended From 2414 (Fibonacci 0.5) Level And Also A Good RBS Zone (Resistance Become Support) But Couldn't Make A HH (Higher High) In The Market Structure. In The Same Time That I Can See Gold Is Moving In Side Of A Parallel Channel So Far. Still Has No Clear Conformation What ever It's Break Or Not In The Daily Time Frame.
Wait For 4H Update As Last Update Until Market Move.
GOLD BUY | Idea Trading AnalysisGOLD is moving in an ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
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 BUY 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
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Gold is heading to 2450 zone(07/31/2024)in our last analysis, we predicted the gold move correctly,
For now, after a long correction, we are expecting the price correct some of the losses as B wave. In this case, the final wave will be around the 2450 area.
If you like it, then Support us by liking, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
XAU/USD 31 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS, printing an all time high.
After BOS/iBOS price is expected to pullback.
Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS
After iBOS we expect price to pull back, therefore, for an early indication that pullback has initiated we need to see price print a bullish CHoCH.
Bearish CHoCH has been printed which indicates bearish pullback phase initiation and internal range.
Intraday expectation: Price to trade down to either discount of 50% EQ or M15 demand zone before targeting weak internal high.
M15 Chart:
GOLD, Huge fall Ahead ?Hello traders, hope you are doing great.
For upcoming week, I think we'll probably see an uptrend correction in GOLD at first and after that we'll probably see a fall to specified Level and beyond that. so with a proper trigger, we can open a SHORT position.
and finally tell me what do you think? UP or DOWN? leave your comment below .
If this post was helpful to you, please like it and share with your friends.
Thanks.
XAU/USD Outlook ICT ConceptsGold (XAU/USD) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡 Previous Analysis Review:
After sweeping the previous month's high and the buy-side liquidity (BSL) above it, the price displaced lower.
📍 Current Market Overview:
The current price is around 2393.475. We need one of the key levels, such as the previous week's high or low, to be taken to discuss the big picture trend.
🔍 Identifying Key Levels:
PMH: Previous Month High
PWL: Previous Week Low
PWH: Previous Week High
BSL: Buy-Side Liquidity
Minor BSL: Minor Buy-Side Liquidity
EQL: Equal Lows
Daily FVG: Daily Fair Value Gap, highlighting areas of imbalance on the daily timeframe
4H FVG: 4-Hour Fair Value Gap, highlighting areas of imbalance on the 4-hour timeframe
📊 Key Considerations:
Current Price Position: The price is trading around 2393.475, with a recent sweep of the previous month's high and the BSL.
Key Levels Swept: The price displaced lower after sweeping the previous month's high and BSL.
Potential Retracement: We can expect the price to sweep the Minor BSL and tap into the 4H FVG, then continue lower. If the 4H FVG fails to hold, we wait for the previous week's high for confirmation.
📈 Bearish Scenario:
Given the current price action and key considerations, a bearish scenario is possible if the following conditions are met:
Sweep of Minor BSL: After sweeping the Minor BSL and tapping into the 4H FVG, we can expect the price to continue lower.
Failure of 4H FVG: If the 4H FVG fails to hold, wait for the previous week's high to be taken before reassessing.
📉 Bullish Scenario:
A bullish scenario is likely if the following conditions are met:
Sweep of PWL: The previous week's low needs to be taken, or at least a lower time frame resistance sell-side liquidity should be taken, to consider long positions.
📊 Chart Analysis Summary:
Bearish Expectation: The expectation is for the price to potentially sweep the Minor BSL and tap into the 4H FVG, then continue lower. If the 4H FVG fails to hold, wait for the previous week's high.
Bullish Expectation: For a bullish scenario, the previous week's low needs to be taken, or at least a lower time frame resistance sell-side liquidity, before considering long positions.
🙏 Thank you for joining us!
Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
XAUUSD - 1H a modest rise before more fallOANDA:XAUUSD I anticipate a modest rise in gold prices from the current support levels, which should serve as a pullback before a further decline. The technical analysis indicates strong support at the bottom of the trading range and the current support level, suggesting a temporary upward movement.
In the political arena, recent news that President Joe Biden has dropped out of the presidential race has significant implications. Vice President Kamala Harris has been introduced as his successor, altering the dynamics of the upcoming election. This shift has also led to a decrease in former President Donald Trump’s chances of reclaiming the White House. These political developments add a layer of uncertainty that typically benefits gold, a traditional safe haven asset.
XAU/USD Outlook ICT ConceptsGold Analysis (XAU/USD)
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡Previous Analysis Review:
In the previous analysis, we expected the price to expand higher, which it did, followed by a strong sell-off.
📍Current Market Overview:
Currently, the price is around 2,401.075. We can foresee the price potentially sweeping the previous week low and tapping into the daily Fair Value Gap (FVG) below. After this, a retracement higher to fill out the imbalances left after the sell-off is likely.
🔍 Identifying Key Levels:
The chart highlights several significant levels and zones influencing the current market behavior:
ATH (PWH): All-Time High (Previous Week High)
PWH: Previous Week High
PWL: Previous Week Low
PML: Previous Month Low
BSL: Buy-Side Liquidity
SSL: Sell-Side Liquidity
Daily FVG: Daily Fair Value Gap
BRK: Breaker
MSS: Market Structure Shift
📊 Key Considerations:
Current Price Position: The price is trading around 2,401.075, after sweeping the previous week high and experiencing a strong sell-off.
Daily FVG: The Daily Fair Value Gap is expected to act as a significant support zone if the price reaches it.
SSL Levels: These levels below the current price are significant areas to watch for a potential retracement and liquidity grab.
📈 Bullish Scenario:
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
Sweep PWL: The price may sweep the previous week low (PWL).
Daily FVG Tap: A potential tap into the Daily Fair Value Gap (FVG) could provide support.
Retracement Higher: After sweeping the PWL and reacting at the Daily FVG, we can expect the price to retrace higher to fill out the imbalances left from the sell-off.
📉 Bearish Scenario:
A bearish scenario should be considered if the following conditions are met:
Minor Buy-Side Liquidity Taken: For any short case scenario, we need minor buy-side liquidity (swing points) to be taken first.
Continuation Lower: After taking out the buy-side liquidity, the price may continue lower.
📊 Chart Analysis Summary:
Bullish Expectation: The expectation is for the price to potentially sweep the PWL, tap into the Daily FVG, and then retrace higher to fill imbalances.
Bearish Expectation: For a bearish scenario, we need minor buy-side liquidity to be taken out first before considering short positions.
Understanding these key levels and the current market behavior helps in making informed trading decisions.
🙏 Thank you for joining us!
Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
GOLD ( AFTER ATTACKING YEMEN & ISRAIL ) ( 1D )XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure until trade above turning level
TURNING LEVEL : the price of turning level around 2,391$ , indicates the price trade above this level reach a resistance level ( inside supply zone ) , but if breaking this level or breaking FVG reach a support level .
RESISTANCE LEVEL : around 2,425$ and 2,468$ , if the price trade above turning level reach this levels .
SUPPORT LEVEL : support level between 2,331$ and 2,299$ and called ( demand zone ) , for reach this level will be breaking and stabilizing below turning level .
PRICE MOVEMENT : in the previously price rising and created a new historical peak at 2,485$ , but after breaking 2,368$ , gold started a dropping as mentioned , currently price 2,400$ , if the price trading above turning level at 2,391$ , rising to reach a resistance level 2,425$ , then stabilizing this level reach a 2,368$ , if the price stabilizing above 2,368$ maybe it will reach a new historical peaks at 2,500$ , breaking turning level reach a support level at 2,331$ , and by open 1D candle below this level reach a 2,299$ .
TARGET LEVEL
RESISTANCE LEVEL : 2,325$ , 2,365$ .
SUPPORT LEVEL ; 2,331$ , 2,299$.
Buy GoldGold finished its correction phase and is bullish after breaking last month's high 2387, retesting the channel's lower line at 2290, and breaking out of the small correction downtrend channel.
Gold is currently in an uptrend on the daily timeframe with the next target to a new all-time high and the upper channel at 2550-2600.
GOLD Heading to the 2500$ zone(7/16/2024)After a long and intense Correction, Gold made a Lower high and finally broke the correction trendline and made some upward moves. In this way, NFP and CPI data helped the price reach higher.
Right now, the price will move a little higher, after some corrections, Gold will head for the 2500$ zone.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
XAU/USD Outlook ICT ConceptsGold Spot (XAU/USD) Analysis
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on XAU/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🔍 Identifying Key Levels
The chart highlights several significant levels and zones that influence the current market behavior:
• PMH & PML: Previous Month High and Low, serving as significant resistance and support levels.
• PWH & PWL: Previous Week High and Low, critical for understanding recent market structure.
• Daily FVG: Daily Fair Value Gap, indicating areas of market imbalance.
• IFVG: Inversion Fair Value Gap, indicating a shift in market sentiment.
• BSL: Buy-side Liquidity, areas where buy orders are placed.
• Key Fibonacci Levels: Important retracement levels that align with Daily FVG.
📊 Key Considerations
• Discount Zone: Currently, the price is in a discount zone, indicating a potential sell-off area.
• IFVG Hold: The Inversion Fair Value Gap is holding the price, showing it as a significant support level.
• Daily FVG: The price can retrace back into the Daily Fair Value Gap and then continue higher, targeting the previous week high.
• Fibonacci Levels: The Fibonacci retracement levels (0.5, 0.62, 0.705, and 0.79) align with the Daily FVG, providing strong confluence for potential long scenarios.
📈 Bullish Scenario
Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met:
• Retracement to FVG: The price retraces back into the Daily Fair Value Gap, aligning with the key Fibonacci levels.
• Continuation Higher: After the retracement, the price continues higher, targeting the previous week high (PWH).
• Lower Time Frame Confirmation: Look for bullish price action on lower time frames, such as a breakout above minor resistance or bullish candlestick patterns, to confirm entry points.
📉 Bearish Scenario
A bearish scenario should also be considered if the following conditions are met:
• PWH Taken: The price takes out the previous week high, indicating a potential exhaustion of the upward move.
• Minor Buy-side Liquidity (BSL): On a lower time frame, look for the price to take out a short-term high, which acts as a minor buy-side liquidity level.
• Continuation Lower: After taking out the BSL, the price may start a downward move, potentially revisiting support levels such as the Daily FVG or lower Fibonacci levels.
🔄 Lower Time Frame Confirmation
For both bullish and bearish scenarios, using lower time frame confirmations can enhance the trade setup:
• Creating Low Resistance Liquidity: Look for the creation of low resistance buy-side or sell-side liquidity zones on lower time frames (e.g., 1-hour or 15-minute chart).
📊 Chart Analysis Summary
The price is currently in a discount zone, suggesting a potential sell-off. However, the Inversion Fair Value Gap (IFVG) is holding the price, indicating significant support. The expectation is for the price to potentially retrace back into the Daily Fair Value Gap, which aligns with key Fibonacci levels, and then continue higher, targeting the previous week high. For a bearish scenario, we need to see the previous week high taken out or a minor buy-side liquidity level on a lower time frame. Understanding these key levels and the current market behavior helps in making informed trading decisions.
🙏 Thank you for joining us!
Exploring XAU/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Will gold decrease or increase when US politics is tense?The assassination not only increased Mr. Trump's chances of victory but also increased the Republican Party's chances of a sweep. If Republicans gain control of the White House and both houses of Congress, they could enact tax cuts that would increase the budget deficit.
That's how things work. When one party takes control, it's either Republicans cutting taxes or Democrats spending more. Both cases resulted in higher deficits, while a divided Congress barely passed anything.
When the budget deficit increases, bonds will be sold off due to concerns about increased supply and accelerating inflation. The Fed will therefore have to maintain interest rates at higher levels for longer.
How does this affect the market? Higher yields from US government bonds will make gold less attractive. Stock investors love low interest rates, and higher interest rates can make the market less attractive.
The biggest beneficiary is probably the USD. The USD benefits from both higher yields and a safe-haven environment. Political violence is bad news, and in tough times, the world's reserve currency is the winner.
Overall, the assassination of former President Donald Trump could cause gold and stocks to decline, while boosting the USD. Polls and ongoing information will determine how long this story lasts and how it impacts the markets.