XAUUSD - GOLD - Scalping Mode! 11th JulyLet's see what the market has to offer.
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This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Xaususd
Is GOLD ready to slip lower?#Gold #XAUUSD EASYMARKETS:XAUUSD TVC:GOLD
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Unveiling Bullish Momentum on XAUUSD
The XAUUSD pair has recently exhibited a noteworthy bullish momentum on the daily time frame. In this update, we'll explore the intriguing market dynamics that unfolded, shedding light on key price of interest (POI) and liquidity zones that we would be monitoring.
Analyzing Daily Time Frame:
The daily time frame has proven to be a fertile ground for bullish momentum, with the price strategically interacting with the daily range low. Our previous post delved into the importance of Points of Interest (POI), and the recent price action aligns seamlessly with our predictions.
Sell Side Liquidity:
Notably, the sell side liquidity has already been absorbed by the market, indicating a potential shift in sentiment. This presents a compelling scenario as the focus now shifts towards identifying buy side liquidity. Please refer to related ideas for further daily analysis
15-Minute Time Frame Insight:
Zooming in on the 15-minute time frame, we observe the creation of a bullish momentum. The development of trend line liquidity on this shorter time frame is particularly noteworthy, signaling the potential for a sustained upward movement.
Strategic Approach:
As we navigate the 15-minute time frame, keen attention must be paid to the sell side liquidity observed beneath the trend line. This serves as a critical Price of Interest (POI) where traders can strategically await price retracement.
Executing the Plan:
We would be monitoring the price action around the identified POI. The lower time frame buy setups that may emerge at this juncture present an opportune moment for executing well-informed entries.
Explosion In Gold. Where To Next?It has been quite a volatile year for EASYMARKETS:XAUUSD and, judging by end of November and beginning of December activity, it continuous to be a volatile one, as we get closer to the new year. On the 4th of December we saw EASYMARKETS:XAUUSD hitting a new historic high, reaching the area near the 2144-dollar mark. This way the precious metal surpassed its previous all-time high, near the 2082-dollar mark, reached in April of this year. That said, before the EU market open on the 4th of December, the yellow metal fell back below that previous high and at the time of writing it is struggling to get back above that barrier. If EASYMARKETS:XAUUSD continues to trade below that 2082 zone, we may see a slight correction back down. That said, we may class that correction as a temporary one, before another leg of buying, as long as the price stays somewhere above a long-term tentative upside support line drawn from the lowest point of November 2022.
As mentioned above, if the price is able to stay somewhere above the 2082 hurdle, this may attract more buying interest, possibly dragging EASYMARKETS:XAUUSD towards the newly-established all-time high, at 2144. If that hurdle gets broken, this will confirm a forthcoming higher high, placing the commodity into an uncharted territory. That’s when we will use the help of our Fibonacci extension tool, in order to try and find our next possible resistance target. As we can see from our chart, the next potential target is at 61.8% extension, which is around the 2180 level.
Alternatively, a drop back below the 2048 zone could signal a possible larger correction lower. In that scenario we will start aiming for the 2009 hurdle, marked by the highest point of October. If that hurdle is not able to halt the slide, we may see EASYMARKETS:XAUUSD drifting below the psychological 2000 area, towards the 1933 level. That level marks the lowest point of November.
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easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GOLD, In The Volatility Zone, Climbing Its Way To The Upside!Hello Traders Investors And Community, welcome to this fundamental important analysis about GOLD where we are looking at the recent sophisticated events, the current importances of GOLDs price action, and what we can examine in the further outcome of GOLDs cultivation. The last hours and days we saw an increase of the corona-fears as the infection rate surged to new highs there entered supply the market similar to the events we have seen in March this year where almost every asset-class gone to the downside in a volatile manner but as this situation has recovered the old patterns and fractions seem to pop up again, as we can determine the increasingly bearish action in the stock-market GOLD is moving to the upside as more and more people relying on the real money hedge GOLD like it was seen in past price action where GOLD experiences gains in stock-market and economy crashed, at the moment similar mechanisms moving.
On the technical side, we can examine GOLD in a clear uptrend which you can see in my chart with good and healthy volatility within the uptrend-channel and a speeding up of momentum. As you can see in my chart marked with the green halve circles GOLD has solid support bases on its way to the upside which can confirm as those in further price action when GOLD reaches these levels. Furthermore, we have this extremely old key-level in 1800 which is more than 8.5 years old as of writing therefore when this level which you can see marked in orange in my chart confirms to the upside it can serve as a strong and solid support in further price development. Furthermore, we have the wave 5 of the overall wave count currently establishing and pointing to the upside where it can travel when confirmed above this significantly important key-level.
Overall GOLD is in a really sustainable and established uptrend here with good volatility in the range which is not only backed in technical means but also by the stock-market decline where GOLD classically serves as a hedge against and anticyclical market mover. All these factors playing in the bullish continuation scenario which will highly likely develop in such an environment. Although it is the highest possible outcome we should keep in mind that this can also change when GOLD reaches its goals and supply enters the market as the stock market begins to stabilize but at the moment this is not in near sight. This finally wave in GOLD to the upside can be traded on the long-side with targets at the red Fibonacci zone you can see marked in my chart when this has confirmed properly we have to examine and elevate how GOLD reacts in this zone, possible is minimum a smaller or bigger correction.
In this manner, thank you for watching, support for more market insight, have a great day and all the best my friends! ;)
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Information provided is only educational and should not be used to take action in the markets.
Symmetrical triangle with bearish bias in XAUUSDXAUUSD H4 making a symmetrical triangle with bearish bias as there was bearish harmonic pattern with bearish divergence at the last HH and also the last HL is broken so most probably gold will go bearish if symmetrical triangle is broken downwards however, we should plan our entry at the break of Last LL i.e 1969.
GOLD: Consolidation in near term?Hello everyone!
From a technical point of view, the major trend is bullish on large time frames, but in short term looking at the intraday chart, a consolidation of retracement around 1.844 area is possible. If we look on the hourly chart, the Price Action should develop a harmonic structure with the same target area. That said, the area around 1.883/1.891 is a strong resistance where the market will try to sell the yellow metal, we'll se....
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Gold : Intraweek Technical AnalysisGold made stayed in a rangebound zone in the start of the week and then broke the support of 1700 and went all the way till 1660. Gold is highly oversold In this range. My idea is to accumulate gold from this zone with initial selling target of 1800. Only long term entries can be made from this level. For short term trading one should wait before interest rate announcement of the USa on 21st of September.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics.
Two options to sell GOLDIn our analysis yesterday, we looked at the next levels for GOLD
In order to get involved in this move, we've got two entry options.
The first one would be if price goes up to test the resistance of the current range and it shows rejection.
This will give us a good risk to reward ratio but it's a bit risky.
The second one would be to wait for break of previous lows and below the range, then wait for a re-test to make our entry.
This one will give us a better confirmation.
On both entries, our first target will be 1860.
Day Trade Idea // XAUUSD // Pullback for Liquidity?I appears that buyers may be drying up at these prices,
we have seen the news this morning regarding putin be the catalyst for
a fresh Higher High to begin the week. Similiar to Gbpjpy, Xauusd has large/deep pullbacks for liquidity.
I'm looking for that as we move into the second london session of the week,
Tight SL, targeting at least a 3:1 RR, targeting a retest of 1900$
GBPUSD 4H TA : 02.15.22 : $PoundThe market is still in limbo and is not following a specific trend and we have to wait for the 4-hour close candle below 1.3487 or above 1.365 ... until this happens , the price is in the trading range ( TR ) . And you can trade based on TR strategies in this zone .
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 15.Feb.22
⚠️(DYOR)
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GOLD (2 ideas on chart)(2 ideas on chart)
Today BOE. If they will mantain the rates we will go up.
Targets on chart
StopLoss for Longs, must be at sell zone
Stoploss for shorts, must be at buy zone.
Be carefull, patient and discipline.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Good trades to All.
GoldTurn strategy in ACTION!As per our analysis yesterday and the identified Goldturn level broken with EMA5, you can clearly see price hitting our target or as good as. We also used last nights close, which created another Godlturn that was broken this morning further confirming this movement. We wait for for the EMA5 to cross the Goldturn level and then a candle body close for further confirmation before entry.
We will identify further Goldturn levels throughout the coming weeks, please like, comment and follow us to support our work so we can continue to share our ideas.
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