Xau-usd
XAUUSD 4hour Analysis October 16th, 2022Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are back to bearish on GOLD and it looks like it will continue with this trend into the week ahead.
Ideally, price action forms a lower high near 1660.00 followed by strong bearish variations. If this happens look to target lower toward 1630.00.
Trade scenario 2: For us to see GOLD as more bullish we would need to see a break above key resistance around 1675.00 with a higher low above.
XAUUSD 14/10/2022Details on chart - looking at HTF we still have a very strong bearish trend so playing sells will be safer
XAUUSD 13/10/2022Details on chart - overall looking for sells to continue the main bias of bears in line with USD domination
Simplified plan for gold Hello Beautiful peeps, here i come up again with this idea for gold aka XAUUSD.
Please like and follow if you like my work.
Gold Daily Analysis 11.10.2022Gold tested the levels of 1730 and failed to sustain above 1700. At 1730 gold formed double top in daily timeframe. This shows the present uncertainity and because of this gold is going back to test the support near 1618. Thus we will have a sideways movement for some time. Gold already made a double bottom near 1618. If gold is able to rebound again then this support will be valid for the coming days.
I suggest to see for short term trades only
Here are my ideas for week
SELL 1664 SL 1678 TP 1618
BUY 1618 SL 1608 TP 1718
XAUUSD H1: Bullish outlook seen, further upside above 1654.80On the H1 time frame, prices are approaching the support zone at 1654.80 which coincides with the Fibonacci confluence levels. A throwback to this 1654.80 support zone presents an opportunity to play the bounce to the next resistance zone at 1675.20. This resistance zone lines up with the 23.6% Fibonacci retracement and 100% Fibonacci extension. Stochastic is testing support at 3.79 as well, supporting the bullish bias.
XAUUSD 4hour Analysis October 9th, 2022Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are finally looking more bullish here on GOLD. This week we’re looking for our new bullish trend to continue.
Ideally, price action forms a significant higher low near our 1675.000 support zone. Look for strong reversals and target higher toward 1735.00.
Trade scenario 2: For us to consider Gold bearish again we would first need to see price action break below 1675.00 and form a lower high below.
💡 GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1615.11, beginning of uptrend is expected.
We make sure when the resistance at 1807.13 breaks.
If the support at 1615.11 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1680.82 on 2022-07-21 and the trough at 1614.79 on 2022-09-28, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 1730.00 on 10/04/2022, so more losses to support(s) 1681.71, 1653.53, 1637.49 and minimum to Major Support (1615.11) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 50.
Take Profits:
1681.71
1707.88
1727.70
1765.00
1807.13
1832.23
1878.75
1926.82
1959.30
2000.00
2074.89
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💡 GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1615.11, beginning of uptrend is expected.
We make sure when the resistance at 1807.13 breaks.
If the support at 1615.11 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 1680.82 on 2022-07-21 and the trough at 1614.79 on 2022-09-28, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 1730.00 on 10/04/2022, so more losses to support(s) 1681.71, 1653.53, 1637.49 and minimum to Major Support (1615.11) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 50.
Take Profits:
1681.71
1707.88
1727.70
1765.00
1807.13
1832.23
1878.75
1926.82
1959.30
2000.00
2074.89
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
1550$ Coming for XAU/USD (Short idea)Hello Traders
Last week, USD got gains with NFP and unemployment results.
Also, sentiment around the USD is still bullish so we believe USD is shining even more in the next weeks.
So here is why we are bearish on XAU/USD:
1- RSI and Stochastic are declining (4hr TF).
2- Price made a lower high in lower TFs.
3- Also a small triangle has been broken on top of the channel.
4- Still the price is moving inside of a big downward channel.
5- No local higher high indicates that bearish momentum will continue.
if bearish momentum continues, the price may reach 1550$ or even lower.
Targets have been shown in the chart.
If you like it then Support us by Like, 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 own research.)
just my idea xau-usd 4 touch on trend I think so a sell position and
the reversal in trend and broken trend FXOPEN:XAUUSD
Gold Juggles “both sides” Ahead US NFP.Short Trade Setup – A break below the lower trendline and possible retest could initiate a fresh selloff back to 1660 or further down to retest 2022 low at 1610.
Long Trade Setup – A break above the higher trendline crossing above the 1725-28 resistance zone with a possible retest could initiate a fresh pull-up for buyers to run all the way to 1800-10 or further up to 1880.
XAUUSD LONGIn our community we saw After all the analyses we’ve done the gold will be long to the 1744 so we take this trade
XAUUSD H4: Bullish outlook seen, limited upside above 1675.50On the H4 time frame, prices broke above the descending trend line and a throwback to the support zone at 1675.50, in line with the 38.2% Fibonacci retracement could present an opportunity to play the bounce to the next resistance zone at 1727.50. The 1727.50 resistance zone is a graphical support-turned-resistance zone which also coincides with the 61.8% Fibonacci retracement. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
GOLD IS GOING TO EXPLODE!Hello trades,
Today we are looking at XAUUSD .
In my analysis you seen above, I am using the Elliot wave trading strategy which I commonly teach.
Firstly we shorted as Gold rejected our 8HR EMA and 0.5 fibonacci
Gold is currently forming corrective wave A where we can see our minor impulsive waves forming.
bpcdn.co
We are currently forming wave 2 which is a ABC corrective wave before continued bullishness
We are expecting price to continue down to our long zone at our 0.5/0.618 Fibonacci zone where we will be expecting subwave 3 to form which is a impulsive wave.
If you like my idea, be sure to give it a boost!
XAUUSD 4hour Analysis October 2nd, 2022Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bullish
Trade scenario 1: We are still clearly bearish overall but the 4hour trend is pushing up.
We are close to 1675.00 resistance and we will look for reactions near this zone this week.
Ideally, price action rejects 1675.00 and continues bearish. If this happens look to enter short on clear lower highs.
Trade scenario 2: If we are to consider gold bullish for entries we need to see a higher low above 1675.000
Gold Daily Analysis 28.09.2022Gold formed pin bar in Daily. There is good volume as support. Today if price is able to sustain above this 1620 level we can test the previous highs of 1640 and 1650.
However there is strong resistance at 1680 which may be end bulls.
BUY 1622 SL 1616 TP 1632
XAUUSD Potential for Bearish Continuation | 27th September 2022On H4, with the price moving below ichimoku cloud and descending channel , we have a bearish bias that the price may drop from the sell entry at 1652.219, which is in line with the 23.6% Fibonacci retracement to the take profit at 1608.873, where the 100% Fibonacci projection and 61.8% Fibonacci projection are. Alternatively, the price may rise to the stop loss at 1678.226, which is in line with the 50% Fibonacci retracement.
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Gold Daily Analysis 27.09.2022Gold is in downtrend. Yesterday gold test the support near 1620. Today I hope gold will continue in sideways testing the support at 1620 and resistance at 1640. If gold breaks support and closes below 1620 then we will see dip below 1600. If gold closes above 1640 then the next resistance is at 1650 and 1680. Closing above 1680 will signal trend reversal.
We have monthly closing also this week. So expect more lows and avoid long term trade. We need to make atleast one higher high for buying. Till then we can see for selling at every lower high.
SELL 1640 SL 1650 TP 1620
BUY 1620 SL 1608 TP 1640
Gold Daily Analysis 26.09.2022Gold is in downtrend. Still the support levels are breaking one after other. Today the support at 1640 is broken. I see gold will find support near 1620 where we can see sideways movement for some days. I think we can see some bullish trend only after testing support near 1580. Seeing the instant price action near 1626 we can go for small buy near this.
BUY 1626 SL 1616 TP 1636
SELL 1646 SL 1656 TP 1626
