GOLD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 2,507$
Downward Condition: With the price holding steady at the current turning level at 2,507$ , it is likely to decline towards the support level of 2,475$. If it stabilizes below this level, it could then reach the next target level of 2,459$ , maybe prices reach 2,520$ before starts a dropping .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 2,507$ , leading to a rise toward the resistance level (1) at 2,520$ . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 2,532$.
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 2,520$ .
RESISTANCE LEVEL (2) : 2,532$.
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 2,475$ .
SUPPORT LEVEL (2) : 2,459$ .
TURNING LEVEL : 2,507$ .
Xauusdideas
XAU/USD 12-16 August 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has, as yet, failed to indicate bearish pullback following bullish bullish BOS and iBOS.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
However, price could print further highs which would bring CHOCH positioning closer to current price.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
Price indicated bearish pullback phase initiation once it printed a bearish CHoCH.
Price then continued bearish, reacting at discount of internal 50% EQ denoted in blue.
Price has, once again, almost precisely reacted at 50% EQ of the internal structure, therefore, technically price should target weak internal high.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high.
As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. This is what price printed according to my analysis.
Intraday expectation: Price has reacted at an H4 demand level, therefore, price to target weak internal high.
H4 Chart:
XAU/USD 08 June 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued bullish and printed a bullish iBOS aligning itself with swing structure.
Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down.
It would be prudent to stand aside and allow price to confirm it's intention.
Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has been fairly erratic printing small range bullish iBOS' followed by small range IBOS'.
Whilst range sizes are smaller than previous iBOS' and could be open to interpretation with reference to recent price action, I will keep the process mechanical.
Price is currently trading between an internal high and fractal low.
Bullish CHoCH lined is denoted with the blue dotted line, which is positioned close to M15 supply zone.
Intraday expectation: Price to continue bearish, which would reposition CHoCH closer to current price action. Bearish iBOS has been printed, therefore, a pullback will be required to either premium of 50% EQ or M15 supply zone before targeting weak internal low.
M15 Chart:
Gold trading idea 🎯🎯Gold price trend to continue buy during session
It is expected that price will continue in the buy trend
And can approach the price range of 2154
Gold buy from 2154_2150
(1)Target zone. 2170
( 2) Target zone 2190
Note:
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Gold trend analysis
Hello everyone, after several days of sharp rise, gold has reached around 2165 today. Today I helped everyone achieve a profit of 140pips, and I almost always brought you stable and safe trading profits. I think that after the gold correction, you can still choose to buy gold, and the current trend is still upward. Gold is expected to hit a new all-time high. Tomorrow there will be US non-farm payroll data. will be the key to determining the next trend of gold. I will update my analysis in due course. If you like my analysis please give me a like and join me
GOLD - The downtrend channel continues, so buy or sell now?World gold prices this morning continued to decline with spot gold down 8.8 USD to 1,968.7 USD/ounce. Gold futures last traded at 1,973.5 USD/ounce, down 15.1 USD compared to yesterday morning's gold.
The strong recovery of the USD in the evening trading session of November 7 took away the appeal of gold for buyers holding other currencies.
Investors are currently waiting for a series of speeches from US Federal Reserve (Fed) officials this week, the most important of which is Fed Chairman Jerome Powell's speech on Wednesday and Thursday.
However, Minneapolis Fed President Neel Kashkari said the central bank may have more work ahead to control inflation.
According to analysts at the World Gold Council, although October was a historic month for the gold market as the precious metal saw record high closing prices for the month, more substances are needed. catalyst to create sustainable thrust in the market.
Experts note that geopolitical instability due to the conflict between Israel and Hamas has increased the demand for safe-haven speculation, but long-term investors are still reluctant to jump into the market due to the action. Weak prices in gold-backed exchange-traded products (ETFs). A sustainable rise for gold above $2,000 an ounce requires signs that political risks continue and bond yields and the dollar peak.
XAUUSD - Precious metals leveled off after soaringAfter many consecutive days of rising, the price of gold today, October 13, of the world has decreased as data broadcast in the US cooled, the USD and US interest bonds heated up.
Overnight, the US announced that the annual consumer price index (CPI) increased by 3.7%, higher than the forecast of 3.6%. However, the annual core CPI excluding real product and energy prices decreased from 4.3% to 4.1%, meeting market expectations.
At the same time, the US also announced the number of initial unemployment support applications of 209,000 applications, better than the forecast of 210,000 applications.
Analysts say that utilization in the US is decreasing and the improving job market will push the US Federal Reserve (FED) to raise interest rates in November 2023 and maintain high interest rates for a longer period of time. .
The value of the USD has skyrocketed after the above information. The 10-year US bond core increased by 4.65%, the 2-year bond increased by 5.07%.
Under pressure from the USD and US bonds, gold prices may decrease after being able to control 1,885 USD/ounce. So they took the opportunity to sell it and make a profit. As a result, today's world gold price decreased by 15 USD to 1,870 USD/ounce at 6:00 a.m. on October 13.
XAUUSD, Long from the liquidity zone (1915)Gold is currently reacting on a key level (1925) which has the Daily EMA-50, 4Hr EMA 200/50/20 on clusted there.
The 4hr candle closing below these EMAs could spark a short to the next liquidity zone (1915).
The 4Hr candle closing above the EMA-200/50/20 could spark buys to 1952 potentially but before the market will buy, i will expect some liquidity drops to 1915 before any potential long at the back of an expected bearish wave of the DXY.
GOLD:Trading strategy
Today, as I analyzed, it is on a downward trend, and it has now broken the support point of 1928.
Pay attention to the 1920 support point. The previous 1928-1932 support point has now become resistance, so it is now a short trend, but it will not fall directly, waiting for the choice of gold.
But I don't think gold will fall directly without new stimulus. At present, there is obvious support at the bottom, so you can buy it.
Gold trading advice today:
Gold:buy1918-1922 TP:1928-1932
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
XAUUSD retracing as expected, long favorable from 2016 zoneAs expected in the previous post the price has been pushed back from 2055 level and currently trading below and closer to the previous support around 2030. I am still waiting for the next long entry from 2016. If it reaches there, it would be a good long opportunity. However, I expect some bounce again from 2030 level. Lets see how the price develops in coming hours.
Preemptive layout,short at 1835-1840
The market continues to digest the testimony of the Federal Reserve Chairman Powell. In his two-day speech, he appeared slightly less hawkish on the second day, which helped prevent further decline in gold prices. After Powell hinted at the possibility of a 50 basis points rate hike by FOMC in March, gold prices plummeted on Tuesday, and then stabilized in Thursday's trading.
The XAUUSD trend during the data week was fiercely contested between longs and shorts. After Powell's speech, the market experienced a sharp decline followed by a rapid rebound above 1830, but the 1835 resistance line was noticeably strong on the four-hour chart. The focus for the day is on the suppression situation in this area. The upcoming non-farm data is also bearish for XAUUSD, so a preemptive layout is recommended, and the strategy is to maintain a short position on rallies.
Personal trading strategy: Enter a short position at 1835-1840 with a target of 1820-1810. I will continue to update my views on XAUUSD, so please stay tuned.
Can XAUUSD break through 1860?
Today's market saw a strong downtrend due to Powell's speech causing a strengthening of the US dollar and market bearish sentiment. The price has deviated from its technical trend, but I personally expect the market to eventually return to a technical trend. Our long positions entered at 1830 are still being held, and for friends with larger capital, additional long positions can be added near 1820. I am optimistic that a good rebound trend will emerge after the negative news is digested by the market.
As emphasized at the beginning of this week, there will be a lot of data and news to focus on. I will continue to update the strategy and please stay tuned.
XAUUSD: Long position at 1830-1835
A person, a book, a cup of tea, and a dream. Sometimes, loneliness is so moving, and only at this moment can the world be so calm. The cool wind blows the pages of the book, and the smoke and rain permeate the dusty words and stories in the book with a moist breath. Leaning alone at the window, watching the blue-stone alley at the corner, an oil-paper umbrella that has been missed for a long time, covering the time that passes under the eaves.
There is not much to say, the overall trend of XAUUSD is consistent with my expectations. At the weekend, I suggested a short-term position followed by a long position. This week, there has been a downward adjustment mainly due to the overall rise of $50 in XAUUSD last week, and there is a technical demand for a correction. After closing the profit of the short position, we can re-enter the long position to gain profits.
Personal suggestion: Enter the long position at 1830-1835, and focus on the target of 1850-1860. Pay attention to the support at 1830 below. I will also update the latest operational ideas in a timely manner, please keep paying attention and leave me a message if you have any questions.
How to allocate your funds for profit?
There are no wasted paths in life. All your efforts now either earn experience, knowledge, or wealth. As the Chinese saying goes, "Don't put all your eggs in one basket." This is because if you accidentally drop the basket, all the eggs will break. This principle applies to investment markets as well. It is recommended to avoid concentrating all funds into one type of investment, as it could lead to uncontrollable risk.
So, how can we allocate our funds sensibly?
Here are three investment types to consider:
Cryptocurrencies
After the emergence of countless "get-rich-quick" stories in the cryptocurrency market, many people have flocked to invest. However, the reality is that the market is merciless and risky. Only those who are strategic and opportunistic can make a profit. It is recommended to invest 10% of your funds into the market for a coin with a lower price point, and hold it for the long-term. If the value increases, your assets will expand infinitely. If it fails, you won't lose everything.
Forex Market
To participate in the forex market, choose currency pairs with lower liquidity, such as EURUSD, USDJPY, and GBPUSD. When these products show good buying opportunities, it is recommended to invest 50% of your funds into the market. The fluctuation of currency pairs is relatively small, making it a stable option for long-term trading. However, it requires a certain amount of capital accumulation to see profits.
Futures Market
In this market, let's focus on XAUUSD. This product has storage value internationally, making it suitable for trading. However, due to its sensitivity to news and geopolitical events, it can experience severe fluctuations. It is recommended to invest 20% of your funds into the market for short-term operations. Trading once or twice a day to gain short-term profits is the suggested approach.
The remaining 20% of your funds can be used for your daily expenses. Trading is not gambling. It is important to learn how to plan within your capabilities, manage your finances wisely, and make trading easier.
I have extensive knowledge in cryptocurrencies, forex, stocks, gold, and crude oil futures products. I will continue to update my daily operation strategies. Thank you for your attention and likes. If you have any questions, please feel free to leave a message. I will provide the most reliable advice to help you.
GOLD Powerful SELL Signal View....
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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XAUUS-4H CHART SETUPThis week GOLD closed at 1973 as we have mentioned earlier we are bullish on gold up to 1990-2005
Best BUY ZONE around 1966-67
We have targets 1980,1984,1990 and 2002.
This targets are valid only if gold stays above 1960-62 zone , if this zone breaks then we can see price move towards downside.