XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the breakout of the Lower Trendline and Retracement
Divergence
Break of Structure
Consolidation Phase wait until it Breaks the Upper or Lower Trend Line
Completed " wxyxz " Corrective Wave
Demand Zone
Fibonacci Level - 61.80%
Xauusdsetup
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in LTF and Breakout the UTL with Retracement
Divergence
Break of Structure
Rising Wedge in STF as an Corrective Pattern
Completed " 12345 " Impulsive Wave and Corrective " AB " Wave
Double Bottom
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Following Rising Wedge as an Corrective Pattern in Short Time Frame and Breakout the Lower Trend Line and Completed the Retracement
Break of Structure
Completed Impulsive Wave " wxyx "
Divergence
Will Reject from S / R Level
or Fibonacci Level ( 50.00% - 61.80% )
XAUUSD (Gold) Bullish - LongBias/Structure : Long
Comment : waiting for a retracement to my yellow box. There are two exit position that i am aiming for. If the price trigger my limit entry i will aim for the entry 1 exit by taking 50% partial profit and let the price continue to run. Once the price has hit my second entry exit position i will take away the full profit. (Taking off profit on the table is something that most people dont do)
Take Note: If the price do not hit my entry position and keep on heading north , i dont care!!! i just stick to my own rule and look for another re-entry position. Good Luck!!!!
XAUUSD Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Breakout the Lower Trend Line
Divergence
Break of Structure
Falling Wedge in Long Time Frame and Breakout the Upper Trendline and Retested
Completed " wxyxz " Corrective Wave
Will Reject from Fibonacci Level ( 61.80 - 78.60 % )
Will XAUUSD continue to rise strongly?Following the closing of the DOJI, gold maintained a strong rise on Friday and touched the 1855 line. It can be seen that the gold price has continued its strong rebound pattern since 1806, and with the support of the 5-day and 10-day moving average, it gives the market the possibility that gold will continue to rise in the future. The technical indicator MACD is about to form a golden fork, and the upward momentum bar has just emerged, so it is likely that the upward trend of volatility will continue next week.
However, overall, since the market is currently waiting for next week's non-farm payrolls data and the Fed's attitude towards raising interest rates, even if gold prices rebound, the room for rebound will still be limited.
Judging from the 2-hour chart, the gold trend is too volatile, and the MACD shows that the kinetic energy is too strong. There is still momentum to rise in the short term, but the top is about to face resistance from the 1865 line, so the higher the gold price in the short term, the greater the pressure it will face. It is not ruled out that there will be a rhythm of volatility and decline in the market; However, in the current form, the main one is the bullish upward trend, and the pullback is relatively small, while the 1850 line below is the key support in the short term, so the current market trend is biased towards long-term operation.
In terms of operation, it is mainly based on long positions at the low level. You can consider going long at the 1850 line; you can try to go short near 1865 for the first time.
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XAU NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 UoTrend in Green (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
White trend is a trend broken that was in my last publication.
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!
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XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Completed " 12345 " Impulsive Wave and Corrective Wave " A - xyz "
Bullish Channel in Short Time Frame as a Corrective Pattern
Selling Divergence in Short Term and Buying Divergence in Long Term
Bearish Channel in Long Time Frame
Rising Wedge
Exp FIAT
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bearish Channel in Long Time Frame as an Corrective and Breakout the Upper Trend Line and Making its Retracement
Break of Structure
CHOCH
Following Falling Wedge as an Corrective Pat
Rejecting from the S / R Level
Divergence
It has Completed the " 12345 " Impulsive Wave and " A " Corrective Wave
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
It has Completed the " 12345 " Impulsive Wave and " A " Corrective Wave
CHOCH
Divergence
Following Falling Wedge as an Corrective Pattern in Short Time Frame and Breakout the Upper Trend will fall to Complete its Retest
Unable to Break the Previous S / R Level if reject then Sell
XAUUSD Gold Next Move ? Pair : XAUUSD ( Gold / U.S Dollar )
Description :
It is Following Bearish Channel in Short Time Frame as an Corrective Pattern and Rejecting from the Upper Trend Line
We have a Break of Structure with Retracement
Divergence
Completed " 1234 " Impulsive Wave
It is in the Consolidation Phase if breaks the Lower Trendline then Sell and if it Breaks Upper Trendline then Buy
GOLD Giving A Good Bullish Price Action , Time To Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold is oversold, Buy Gold and wait for recovery- XAUUSD 2/27World precious metals continue to be pressured by the strength of the USD. At dawn this morning, the US Dollar Index ( DXY ) measuring the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased sharply by 0.63% to surpass 105 points. .
In its gold outlook for March, Bloomberg Intelligence said that the best factor helping gold reach $2,000 an ounce this year is when the US economy falls into a recession. This is the most likely scenario because the US Federal Reserve (Fed) is still very aggressive.
While recent data releases show surprising strength in the economy, they aren't enough to convince analysts to immediately rule out a recession.
Markets fear higher interest rates for longer and the Fed returns to 50 basis points gains as the job market stabilizes, inflation persists, retail sales and earnings management index data shows buying (PMI) strong in January.
RSI is fluctuating in the oversold zone, predicting a rally for Gold price next week.
Trading plan:
BUY XAUUSD soup price range: 1807 - 1810 VND
Stoploss : 1800
Take Profit : 1820
Take Profit : 1825
Take Profit : 1830
Note : TP, SL full to be safe and win the market !
XAUUSD New Week Setup Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Completed " 12345 " Impulsive Wave and " A - wxyxz " at Fibonacci Level - 78.60% and Making its " B " Corrective Wave at the Demand Zone
Bullish Channel in Short Time Frame as a Corrective Pattern
Selling Divergence in Short Term and Buying Divergence in Long Term
Bearish Channel in Long Time Frame
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Falling Wedge in Long Time Frame as a Corrective Pattern
Bullish Channel in Short Term and Rejection from the Lower Trend Line
Elliot Waves - Completed Impulsive Waves " 1 2(xyz) 3(xyz) 4 5 " and Corrective Wave " A B C(wxyxz) "
Selling Divergence in Short and Buying Divergence in Long
Break of Structure