XAU - H4 (Short Term) is BullishTechnical Analysis:
- Gold (XAU) has just now made a new high since July, 2020
- It has a Weekly and H4 Bullish Structure
- Now the wave (2) in blue is about to complete
- H1 and H4 is turning up
Technical Information:
- If you're swing trader you can buy when the wave (2) is completed
- Do't sell XAU now
Xausignals
XAUUSD H1 - Short SignalXAUUSD H1
Sold off nicely yesterday as we pinned into our second resistance zone, priced at 1980 ish. First zone at 1964 got slaughtered. We saw a nice 50-80 pip rejection initially at our indicated resistance price, before then coming back up towards 1981 in recent trade.
Hoping we see more dollar strength in line with the above analysis, and therefore more downside pressure here on XAUUSD.
XAUUSD H4 - Short Signal @ $1945/ozXAUUSD H4
Not really confident jumping in anything ahead of US CPI, this event will be the event of the week and certainly set the tone for the USD going forward this week and likely the rest of the month.
That being said, we have eyes on $1944/46/oz price. A key area of S/R and clear area of pivot. Lets see what unfolds.
GOLD NEAR FUTURE ANALYSIS(4H Chart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Down Trend in Red (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels that represent tight stoplosses or support and ressitance levels from the past to show old publications.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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GOLD New Entries + Exits (Best Reverse Strat Ever)My forex course regarding my strategy in full is now AVAILABLE!
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
Gold: monthly timeframe now points to 1670-80sGold have shown bit but not convincing reversal signal. If gold is to be found below 1700 again the next target should be at 1695-80s which once broken comes 1677 a move to 1660s not ruled out. If the downpart of the yellow uptrend holds that keeps gold hopeful of move back to 1878 and year high. Break below 1660s to limit upside potential and kill dream of move up to 1878 and year high. At 1660s we start looking for buy to keep opportunity if hold another option down is 1640s. At the mean time we keep looking for convincing reversal signal.
Gold: can Chair Powell kill the boredom? Gold keep struggling to find comfort below 1823. Beside that the market has been choppy which is not fun to trade. And we all hoping on Fed Chair speech to be the next catalyst to kill the boredom. I see Powell,Lagarde and Bailey speech scheduled same time which means they're all be featured in one programme. I pray that that do the needful because personally I prefer their solo speech than joined. At the mean time gold is getting zoned out of 1819-14 for the fourth time which another rejection might not be good for sellers but we stay hopeful. Any move up to 1830 I resell with my risk management but my preferred mini upswing selling opportunity is 1832-34 zone that might be hard to reach due to the downside pressure. Targets now at 1810 with possible breakout to 1805-01. Gold upside still limited I'll see any move above 1838 as nothing but trend expansion. Gold is really fighting a good fight though that might reduce the downside risk.
Gold: upside looking more limitedGold traded in 1820s-40 yesterday still inside the the descending trendline. 1840s now likely knocked out of the game. With the new resistance being at 1830 first and 1832-34 next. Gold is still bearish biased any move up to 1832-34 I will cautiously resell if hold with target to previous low 1821 scalping term and 1816-12 long term with possible breakdown. Gold upside limit now likely down to 1838 for the time being. Break above 1838 will require wait and see. the zones you see are from lower timeframe that why it looks like that on 4h. Goodluck
Possible upswing ahead of Chair PowellGold is going triangular trend pattern on multiple timeframe. Here is my view. If gold reject firmly at the blue zone that might trigger a triple tap reaction ahead of Chair Powell speech. For the time being the purple zone look like the limit for the bull. Generally Dollar still have upper hand. As you can see less hurdle at the downside for the bear break below the blue zone will be a smooth trip.
Battle of trends for GoldGold have been trading sideways for long now and this is what I expect from the metals from here. The purple trend line is a new downtrend formed on the 20mins timeframe which Is my favourite timeframe you can still spot the trend on 15mtf. The red uptrend is the last 2-4h trend which have already pull back and I expect the red to be broken by the purple trend but in a situation where m formation take place on the 1 or 4h TF it could lead retest of the blue downtrend which I see less chance for that. The yellow uptrend is 4h-daily time frame trend which still leaves door open to visit 1878-90s if not broken. My bet now is test of the 1800-1753 if possible 1722 which is is located at the down part of the blue trendline. The green trendline near the blue trend is daily trend line which the up have been broken . The blue rectangle is nearest 4h zone on the done and pink rectangle is the last visited 2h zone. The oranges rectangle is zone formed on the way down from previous upswing. The tiny red rectangle is a 1h Linda resistance where there have alot of reactions. The black zone done is nearest weekly zone down. It's short over long for me for the main time still the yellow trend down is tested and if broken the blue/green trend down. Goodluck with that.
Don't forget to follow @metalixt
GOLD NEAR FUTURE PREDICTION(4H Chart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GOLD New Entries + Exits (Best Reverse Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
XAU New Entries + Exits (Best Reverse Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
GOLD NEAR FUTURE PREDICTION(Dailychart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in yellow color I added only for explanation purposes to show where the downtrend was broken.
We have 2 Uptrend in green color (Internal Uptrend and Long Term Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GOLD(XAU)1HOURLY NEAR FUTURE PREDICTIONTechnical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1Downtrend in red color (Long Term and Internal Trend)
We have 2 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GOLD(XAU) 4 HOUR NEAR FUTURE PREDICTIONTechnical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 2 Downtrend in red color (Long Term and Internal Trend)
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
XAU NEAR FUTURE PREDICTIONS (4HCHART)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
Gold on Buy Hey bulls we have seen some volume entering the game now, gold is on its way to 1900 $
on the volume indicator, I see some banks and big financial institutions put some liquidity to the market, XAUUSD is about to reach 1900 -1910 resistance area, the US retail sales MM previous was 0.8, the forecasting is 1.4 the actual is 1.7
The broad-based gain in spending highlights how elevated savings and rising wages have helped Americans sustain a robust pace of merchandise spending. Though total retail sales are well-above pre-pandemic levels, a recent inflation-driven collapse in consumer sentiment risks a future tempering in demand.
Results from Walmart (NYSE: WMT) Inc. and Home Depot Inc. (NYSE: HD) earlier on Tuesday showed households are broadly maintaining robust demand for merchandise even as higher inflation squeezes purchasing power. Comparable sales at Walmart in the latest quarter exceeded forecasts while home-improvement retailer Home Depot reported stronger-than-expected results.
I see the market maker tend to safe haven for this period of the pandemic.
GOLD (XAU) 4 HOURLY NEAR FUTURE PREDICTIONTechnical Analysis Summary
XAU/USD
From Past
we hit the daily tested level at 1869.9 and are starting to hold the level aiming to break the internal trend
TREND ANALYSIS
We have 2 UPWARD trend in green color
The wider the trend the stronger
The trends are 1 daily another one more internal
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GOLD UPADTED! FREE ENTRIES + EXITSThe ENTRY/TP zones are all of your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
Gold Entries + ExitsZones are pretty tight besides the entries, don't worry, it's all due to the huge drop from XAU this week + last week since it dropped straight through my daily and min 15 zones. Meaning make sure your entries are precise....easy wins!
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 30 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.