Xauusdidea
XAU/USD 02 August 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024.
-> 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 now printed a bullish iBOS aligning itself with swing structure.
Price has reacted at H4 supply level to possibly initiate bearish pullback phase.
CHoCH line is denoted with a blue dotted line with price yet to print bearish CHoCH to indicate bearish pullback phase initiation.
Intraday expectation: Price to print bearish CHoCH, trade down to either discount of 50% EQ or M15 demand levels before targeting weak internal high.
Alternative scenario: Price to continue bullish to reposition CHOCH closer to current price action. To then trade down to discount of 50% EQ or M15 demand levels before targeting weak internal high.
M15 Chart:
XAUUSD - GOLD - Scalping Mode! 1st AugLet's see what the market has to offer.
Disclaimer:
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!
XAUUSD 1/8/2024 after FOMC news?
Looking at H1, we see that after this morning's FOMC news, we see that XAU has increased to the 2458 zone
- As I analyzed in the previous plan, when the price breaks through the 2402 zone and then tests again and does not fall below this zone, the price will continue the 5-wave trend instead of the 3-wave ABC.
- Regarding the trend, after the price follows the 5-wave model, the next wave target is the 2500 price zone as analyzed before.
- Looking at the present, we see that wave 3 in the blue 5-wave structure is completing, and the price has now started blue wave 4
- Measuring the wave 4 target, we have the price zone of 2433. This will be the price zone we are waiting for as a BUY target
- The target of wave 5 will be specifically determined by me after wave 4 is formed. With the current data, I am expecting wave 5 to end at the price zone of 2500
Trading plan
BUYZONE: 2433 - 2430
SL: 2423
TP1: 2422
TP2: 2450
TP3: 2465
SELL ZONE: 2467 - 2470
SL: 2477
TP1: 2450
TP2: 2422
TP3: 2433
XAUUSD and GBPUSD Top-down analysis 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.
Choose to short gold firstAt present, gold has touched 2430 again. From a technical point of view, the candlestick chart is under pressure in the 2430-2435 area. Moreover, the Federal Reserve's interest rate decision will be announced soon, and gold may be in a bullish pattern before then. Moreover, the gold market has recently risen due to multiple speculations about interest rate cuts. Even if the Federal Reserve cuts interest rates as expected, gold will continue to fall after the good news is fully released. So in terms of short-term trading, first of all, I will still choose to short gold in an appropriate amount near 2430!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: From our previous analysis, price did early mitigationIn our previous analysis we stated that price could reach 2330 region and reject from there as we though price is finally going to fill the gap. However, it did not work out as we expected and price mitigated from early key level where previously price reversed from. We anticipating price to grow from the current region, a safe entry can be at 2308 from where we can see price reversing strongly. Good luck.
XAUUSD - GOLD - Scalping Mode! 29thth JulyLet's see what the market has to offer.
Disclaimer:
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!
XAUUSD 7/30/2024 How far will the price go?
After the 5-wave downtrend structure, we are witnessing an increase from 2354 to 2402
- So we will have 2 cases either the 5-wave downtrend structure has completed wave C then we have the current increase as a 5-wave structure, case 2 is the 5-wave downtrend structure above has just completed wave 1 in the 5-wave structure of wave C so the current increase is wave 2 and will have an ABC wave structure.
- We will have an important price to confirm that is the price of 2402, both cases need the price to break out through 2402. After the price breaks out through 2402 and the price returns below 2402, then we will lean towards the current situation being just a correction wave 2 in the 5-wave structure of the purple wave C. If the price breaks out through 2418, we will lean towards the possibility that this is a 5-wave increase structure and the possibility that the price will break through the peak of 2433.
So at the 2418 area, this is the current area containing a large amount of supply, which will be a strong resistance level for the price, so when the price touches this area, there will be a reaction, and we will choose this area as the SELL target
Trading plan
SELL ZONE: 2415 -2418
SL: 2425
TP1: 2402
TP2: 2390 TP3: 2374 BUY ZONE: 2357 - 2354 SL: 2347 TP1: 2365 TP2: 2374 TP3: 2382
XAUUSD - GOLD - Scalping Mode! 26th JulyLet's see what the market has to offer.
Disclaimer:
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!
XAUUSD 7/26/2024 Is there a pullback?
Looking at H1, we see that the price breaking the 2382.5 zone has confirmed that the price is in the purple wave C
- From the peak of 2433 to the bottom of 2353, we see a small 5-wave structure has been completed and now we see that the bullish recovery wave is continuing, we expect a corrective wave
- The target of the rebound wave I measured at the price zone of 2402 and the price zone of 2411
- So this increase we expect is a rebound wave before the bearish wave continues to the target zone of the purple wave C
- The target of the purple wave C we measured at the zone of 2334 and the zone of 2307
Trading plan
BUY ZONE: 2366 - 2363
SL: 2356
TP1: 2382
TP2: 2394
TP3: 2402
SELL ZONE: 2310 - 2312
SL: 2320 TP1: 2400 TP2: 2390 TP3: 2382
Short gold!Today, gold rebounded all the way to the 2390 area, but it is still blocked in the 2390-2395 area and has not broken through the key key level. Gold is currently just rebounding and cannot be characterized as a reversal. In addition, the short trend of gold has not changed, so even if it seems to rebound strongly, it does not affect the short trend. If it falls too much, there will naturally be a rebound, so there is no need to worry about the current rebound trend.
So in terms of trading, what are we waiting for? We will definitely enter the market to short gold without hesitation, but with the rebound, our target needs to be adjusted appropriately, and the short-term target is the 2370-2365 area.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: +2000 Pips Price is Forming AB=CD PATTERNDear Traders,
After looking at how price behaved since last week, we think there is a chance for price to drop to 2330$ which remain a crucial area where we can see reversal and potential a big buy opportunity. Wait for pattern to be completed once the pattern has been formed, we can see strong buying pressure kicking in the market. We wish you all the best and trade safe.
Good luck and trade safe!
XAUUSD Gold Technical Analysis and Trade Idea👉🔍 We can observe that XAUUSD (Gold) has been in a strong bullish trend recently. However, it has experienced a significant retracement into a key support zone. In the video, we discuss market structure, price action, the trend, and the fact that this has moved into a significant liquidity pool. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
XAUUSD July 25, 2024 Where will the drop end?
Yesterday I gave you a plan to sell at 2431 - 2434, we filled TP3 with a profit of 600 pips.
- Today the price has dropped to the 2370 price range, surpassing the 2382 price range, so the purple wave C in the purple ABC correction wave has been confirmed.
- Looking at the sharp decline in price moving quickly and sharply, we expect this to be wave 3 in a series of 5 waves of the purple wave C
- Our task is to determine the ending point of wave 5 in the purple wave C and that is also the ending point of the purple wave C to start BUY.
- Measuring the target of wave 5 as well as the purple wave C, we have target price zones ending at 2365 and 2349.
Trading plan
BUYZONE 2465 - 2462
SL: 2455
TP1: 2382
TP2: 2394
TP3: 2399
SELL ZONE: 2411 - 2414
SL: 2421
TP1: 2400
TP2: 2394
TP3: 2382