GOLD SHORT TERM INTRADAY IDEAIntraday Analysis - ( 16 FEB 2023 )
Will be playing the bearish bias on gold with expected continuation in dollar dominance this week. Expecting dollar to still head up to 105.6 region before any form of massive reaction.
Looking out for PMI tonight whereby if data shows as per forecasted we will be in for a nice short on gold.
HRHR SELLS AT 1852 ish region - 1855
MRMR SELLS AT 1836
SAFEST SELLS BELOW 1820
Will adapt to deep dollar pullbacks and gold buys in the event price breaks above 1847 region to possibly retest 1852, 1855 or even extended rally to 1864 region.
Bias is shorts on gold
Xauusdsetup
XAUUSD 20 - 25 Feb MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Impulse Correction Impulse
Divergence
Bearish Channel as a Corrective Pattern in Long Term Rejecting from the Upper Trend Line Following the Strong Trendline Trend
Elliot Waves - Completed " ABC " Correction
Rejection from the Fibonacci Level - 78.60%
Break of Structure
It can Possibly Reject from the S / R Level " 1800 - 1808 "
XAUUSD(gold) : Short Trade , 1hHello traders, we want to check the XAUUSD chart. The price is moving in a descending channel and after reaching the key level of 1820, it has made a price correction. We expect the level of 1844 to act as a resistance level for us, and the price test the level of 1820 again. If the price can break this level and stabilize below this price, we expect it to continue its downward trend around the price of 1800. Good luck.
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Falling Wedge acting as an Corrective Pattern in Short Term and Rejecting from the Lower Trend Line
Break of Structure
Completed " 123 " Impulsive Wave ( Bearish )
Divergence
Rising Wedge as an Corrective Pattern in Long Term and Breakout and Retracement of Lower Trend Line
Retesting the Previous S / R Level
#XAUUSD- POSSIBLE SELL OPPORTUNITY #600 PIPS-XAUUSD, dropped from exatclty from one of our setup which was sent in mid-january, price needed to drop a bit more for it continue the bullish momentum; following NFP positive data, DXY has shown intensive bullish momentum, if we see our there are gaps in the market and we have identify one possible scenario where price may reject.
-GOOD LUCK EVERYONE!!
#XAUUSD- 1300 PIPS BUYING OPPORTUNITY!!!Dear Traders following our previous Setup on #xauusd, we have big update on it. DXY has been showing some bullish momentum since NFP data came out! Though it is for short term basis for long term our view is bearish on it. Price is more likely to touch the 2000 market within next six months. Let's catch the big trade together!!
Trade Safe and Take care!!!
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
It was Following the Higher High and Higher Lowers Pattern and it made and Reversal with Descending Triangle with the Breakout and Retracement and Now it is Following the Lower Lows and Lower Highs
We have Break of Structure
Divergence
Completed " AB " Corrective Wave
Bearish Channel in Short Time Frame as an Corrective Pattern it can Possibly Reach the Upper Trend Line and Fibonacci Level - 50.00%
XAUUSD Gold New Week Move ?Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Selling Divergence
Descending Triangle in Long Time Frame as a Corrective Pattern and Rejecting from the Upper Trend Line with Strong Bearish Price Action
Break of Structure
CHOCH
Bullish Channel in Short Time Frame
Completed " 12345 " Impulsive Waves and " XYXZY - AB " Corrective Wave
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!
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XAUUSD Gold Next Move ?Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Bullish Channel as a Corrective Pattern with the Breakout of the Lower Trend Line and Retracement
Divergence
S / R Level
Impulse Correction
Completed Impulsive Wave " 12345 " and Corrective " AB - xyz " Waves
GOLD SHORT TERM INTRADAY IDEAIntraday Analysis - ( 10 FEB 2023 )
Bull flag longs were short lives yesterday as price went up to key price sensitivity area at 1890 whereby huge rejections were seen. Key level was warned ahead of time. Price broke out of bullish structure and below key support level at 1860 which gives us clean sells to the downside as per analysis since Monday. Will only be looking for sells and no longs unless there is a shift in structure or market sentiment. Will only look for buys if price breaks back above 1883, correcting the whole downside move yesterday.
A break of 1860s, will be targeting minimally 1830s giving us a solid 300+ pips with 1845 as a first target and ultimately 1820 and even extending to 1810s.
HRHR sells at 1876
MRMR sells at 1864 / 1863 region
Safest sells upon breaks of key levels 1855