Xauusdsignals
GOLD (XAUUSD): Detailed Technical Analysis
Gold is currently stuck on a key daily resistance based on the ATH.
Analyzing a price action, I see a clear bullish accumulation:
the price has set three equal highs already, keeping setting the higher lows.
At some moment, we may see a breakout attempt of the underlined
red resistance area.
A daily candle close above that will be an important bullish signal.
It will drive the prices higher, the next goal for the buyers will be a major rising trend line.
From a current perspective, it is 2500 level.
Alternatively, the market may initiate one more correctional movement.
I will post the update if I see any bearish confirmation.
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#XAUUSD/H4 Model 2 peaks appear, gold's correction rhythmAnalysis of the gold trend in the Asia-Europe session on 14/08/2024:
After forming a double bottom pattern at 2380, gold experienced a nearly 100-point increase. Yesterday, the PPI did not help gold break through the resistance zone of 2473-2475. If gold breaks the area of 2458-2460, it will officially confirm the double top pattern.
However, today's CPI is still a mystery. Is this a correction phase or just a fake breakout? The long-term trend remains a BUY, but short-term SELL trades can be made at the peak area.
Key price levels to watch: 2473-2475, 2444-2447, and 2430-2434.
Recommended orders:
Plan 1: SELL XAUUSD zone 2473 - 2475
SL 2479
TP 2468 - 2458 - 2445.
Plan 2: BUY XAUUSD zone 2444-2447
SL 2441
TP 2455 - 2468 - 2485 - 2509.
Plan 3: BUY XAUUSD zone 2430-2433
SL 2427
TP 2444 - 2458 - 2468 - 2509.
XAUUSD Next stop 2545.Two weeks ago (July 29, see chart below), we gave a strong buy signal on Gold (XAUUSD) right at the bottom of June's Channel Up:
The price hasn't yet hit the 2545 Target as it posted yet another Higher Low but is on good course to hit it, as the Higher Lows structure resembles that of June's. One more pull-back and we believe that Gold will then make its next technical Higher High at +8.30% (similar to the previous Bullish Leg).
Note that throughout this whole time, the 1D MA50 (blue trend-line) has been supporting and currently is just below the bottom (Higher Lows trend-line) of the Channel Up.
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GOLD (XAUUSD): Still Bullish Outlook
As I predicted on our Wednesday's live stream
Gold keeps going up.
Analyzing the intraday price action, I spotted one more bullish confirmation.
This time the price violated a support line of a wide horizontal range on a 4H time frame.
We see a positive bullish reaction after a retest of its broken upper boundary.
I think that the market will reach 2450 level soon.
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GOLD (XAUUSD): Detailed Support and Resistance Analysis
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Resistance 1: Rising Trend Line
Vertical Support 1: Rising Trend Line
Horizontal Structures
Support 1: 2348 - 2364 area
Support 2: 2333 - 2340 area
Support 3: 2265 - 2298 area
Resistance 1: 2468 - 2483 area
Consider these structures for pullback/breakout trading.
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Gold Needs Correction==>>Short-termGold is moving near the Heavy Resistance zone($2,484-$2,431) , Resistance line , and Potential Reversal Zone(PRZ) .
I expect Gold to go down to at least Monthly Pivot Point .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD: New head and shoulders top is forming, ready to sellToday's Asian and European sessions have seen little volatility, with gold prices staying below 2400 and not testing 2420, indicating gold is still in a consolidation phase. Therefore, we should adjust our outlook accordingly.
The 4-hour gold chart shows a new head and shoulders pattern forming, with prices near the shoulder level. Historically, reaching the shoulder often precedes a new downtrend. This shoulder is near the 2400 level, suggesting a Sell around 2400.
Additionally, the 1-hour chart shows that the Fibonacci retracement of Monday's $95 drop places the 0.382 level right at 2400, reinforcing this idea.
Support levels to watch are 2370, then 2350. If 2350 breaks, further downside is expected.
If you have different views or questions, let's discuss the latest insights on GOLD
GOLD (XAUUSD): Key Support & Resistance Analysis
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Resistance 1: Rising Trend Line
Vertical Support 1: Rising Trend Line
Horizontal Structures
Support 1: 2348 - 2364 area
Support 2: 2333 - 2340 area
Support 3: 2265 - 2298 area
Resistance 1: 2468 - 2483 area
Consider these structures for pullback/breakout trading.
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XAUUSD Bull Cycle still intact, targeting above $3000Exactly 4 months ago (April 04, see chart below), we made a long-term bullish call on Gold (XAUUSD), after it confirmed the new Bull Cycle:
The consolidation that followed and successfully double bottomed like the November 2019 Support bounce, is now over and Gold has started the 2nd phase of this Bull Cycle. In March 2020 we had the Black Swan event of the COVID crash, and if we avoid such a danger again, we expect the bullish trend to continue.
The last Cycle's peak (August 03 2020) was just below the 3.0 Fibonacci extension. This gives us a rough Target of $3100, but of course this can be revised as we go, depending on the global macroeconomics and geopolitics.
Note also that the last Cycle's peak was formed when the 1W RSI made its 3rd overbought top above 70.00.
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GOLD (XAUUSD): Bullish Outlook Explained
Analyzing Gold on intraday time frames this morning,
I spotted multiple bullish clues.
The price started to nicely respect a rising trend line on a 4H,
after a one of its test, a cup & handle pattern was formed.
I think that the market has a nice potential to retest a current high.
Goal - 2467
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#GOLD (#XAUUSD) Will Retest ATH Soon
As I predicted on a live stream, 📈Gold went up and
violated a resistance line of a bullish flag pattern on a daily.
I think that the market has a nice potential to retest the resistance based on ATH soon.
Let the market complete a minor correction and expect more growth then.
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THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Yesterday we said we'd stick with the plan and continue to move with the market upside suggesting traders hold their longs from below and then add level to level trades. This has worked well for us again today, completing our Excalibur target upside and the hotspot in Camelot as well as the one we had shared with you all in the wider community. Although a little choppy, it's a clean structure.
Now we are here we have support below at the 2395 region, which could be a target level for the pullback. This level however is now on the flip and will need to hold the price up for us to continue higher into the regions 2415-20 initially and on the break we'll be looking at 2450 as the extension of the move. The problem we have now is the whipsaw that is expected during FOMC, and with it being the last trading day of the month tomorrow.
For now, a slight tap and bounce from the region, if you're in lets see if we get the pullback and where we close.
As always, trade safe.
KOG
XAUUSD Still bearish! heres why good evening gold gang! im back from a little trip away and ready to go
price still respecting downward trends even though very wicky today with price grabbing liquidity everywhere!
price respecting the daily candle meet and also 4h engulfing so a small pull back in asian to sell down is on the cards.
Ill need to see where price lands in the london session to see what we're going to take as there are quite a few obsticles in the way down there currently
buys need to break the 2 zones first which looks like it will need some news
BIG news week this week too so im expecting big movements
please like and share this for me!
tommy
XAUUSD Trading plan for August.Gold (XAUUSD) has been rebounding following a hit-and-hold on the 1D MA50 (blue trend-line) on Thursday, having closed 2 straight 1D candles above it. As long as this continues, we have a bullish development and a new Higher Low on the (dotted) Channel Up, which targets 2545 (+8.30% as the previous Bullish Leg).
If it closes below the 1D MA50 however, we expect a longer accumulation phase (blue arc) similar to June's around or even marginally below the 1D MA100 (green trend-line). In this case, we will open an additional buy and target 2500 (top of the blue Channel Up and target for both open buys).
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Gold will go UP by Inverse H&S Pattern==>>Short termGold managed to break the Resistance line and is currently moving inside the Resistance zone($2,398-$2,376) .
Gold also created the Inverse Head and Shoulders Pattern .
I expect Gold to rise to at least the Downtrend line .
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD bears are still in until here ... Good morning gold gang WHAT A DAY it was yesterday snagging over 200 pips from the market capitalising on the volume and strong zones. Well done all!
bears are still in control after a push up in asian session, if this current zone breaks buys are possible but essentially i would want to sell at a better price close to the trendline
the daily engulfing zone at the bottom is a great buying opportunity with war announcements on the way, price can come down there to start the next bull run.
Watch out for the end of the month usual friday shenanigans and protect your capital at all costs
have a great day
tommy
GOLD (XAUUSD): Your Trading Plan For Today
Gold is currently stuck on a key daily/intraday horizontal support level.
I see a completed double bottom pattern on that on a 4H time frame.
To buy the market with a confirmation, look for a bullish breakout
of its neckline.
4H candle close above 2404 will confirm the violation.
A pullback will be expected at least to 2420 level then.
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XAUUSD No buy below the 4H MA50.Gold (XAUUSD) dipped on Friday below its 4H MA50 (blue trend-line) but that doesn't affect the long-term trend (see chart below), which is still bullish within the 18-month Channel Up pattern:
Even on the current 4H time-frame analysis, the price found support right at the bottom of the short-term Channel Up. However, short-term buys can only be confirmed when the price breaks above the 4H MA50 again.
Technically though this remains buy territory as the 4H RSI almost hit the oversold barrier (30.00) and rebounded, which is similar to the June 26 Higher Low (bottom). The Bullish Leg that followed peaked on the 2.5 Fibonacci extension level, which on the new potential Bullish Leg is perfectly aligned with our long-term Target as well. That remains 2600.
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GOLD (XAUUSD): Updated Market Structure Analysis
Gold is now trading within a rising, expanding channel on a daily time frame.
Updating the ATH, the price perfectly respected its upper boundary
and started a bearish movement from that.
The closest strong support that I see is a demand cluster
based on a minor broken trend line and a horizontal structure.
The underlined blue area can be the first pit stop for the sellers.
I will look for a pullback trade from there.
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