XAUUSDHELLO everyone and welcome back, Happy new year!!!
This is my first trading idea for the year. am expect xauusd to continue to rally up towards 1833 before we can consider any form of shorting it. from the reaction we get at the next resistance which is 1833 will determine if the bulls will continue or not.
my bias on XAUUSD for now remains neutral till price get to any of the price levels of interests marked out on the charts
IF you are just seeing my post for the first time do well to check on my previous publications on XAUUSD.
Xauusdsignals
XAUUSD | New Perspective | Follow-up detailsThis is a follow-up video to my previous analysis on the XAUUSD where we closed the week with over 4,000 pips in profit (see link below for reference purposes). Gold prices fell further away from the key level at $1,800 last week as concerns over rising interest rates and a potential recession in 2023 saw investors pivot into the dollar and Treasury yields. Despite a uniform bullish momentum since September, the selling pressure noticed at the beginning of this month which is followed by a consolidation phase between $1,820 and $1,785 has the potential of breaking down the bullish trendline to incite a sell-off in the coming week(s). So, this week shall see us using the key level at the $1,800 level as a yardstick for trading opportunities.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Gold: possible head and shoulder on smaller timeframe likely to Gold likely to retest 1821-30s if the head and and shoulder pattern on smaller time is not broken. But dollar still incharge in higher time frame outlook. A move to 1799.74 will be a nice buy for intraday trade with target to 1816 1821 1830s. Above 1830 we start looking for a selling opportunity. Good luck with that
Don't forget to drop ur opinion
XAUUSD Still within a medium-term Channel UpSince November 15 there hasn't been a more accurate pattern on Gold (XAUUSD) offering solid buy and sell levels:
As you see, the price made two excellent technical rebounds on the bottom of the Channel Up since our last analysis and yesterday made a new Higher High. The 4H RSI Triangle pattern did its job well again and at the moment, the price marginally broke the dotted buy zone and seems to be rebounding. Even though the price can drop into the 1790 - 1785 zone before rebounding, this is a good level to start building up buy positions and target 1830.
A break and close below the 4H MA200 (green trend-line) would however turn the medium-term momentum bearish towards the 1D MA50 (blue trend-line) which is the ultimate long-term Support during uptrends.
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XAUUSD Gold Next Move ??XAUUSD ( Gold / U.S Dollar )
Completed Correction " ABC " and Elliot Triple Wave Combo " xyz "
After a Consolidation Phase it is Making its Correction will Reject from the Fibonacci Level ( 61.80% - 78.60% )
Short Buy and Long Selling Opportunity
Rising Wedge as a Corrective Pattern in Short Time Frame #STF
XAUUSD | New perspective | follow-up detailsThis is a follow-up video to my previous analysis on Gold where we were able to close the week with over 4,000pips in profit (see the link below for reference purposes). Despite a sharp bullish run at the beginning of last week, the price of Gold settled below the $1,800 mark, finishing with a 0.9% growth in value. In addition to the renewed hawkish tone of the Fed last week, it is important to note the appearance of sell pressure at the $1,815 level since the beginning of this month (December 2022) which has a tendency to breakdown the $1,785 to trigger a correction sell-off from a level which also shares a confluence with bullish trendline hereby sending a bearish signal across the market.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down.
The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored.
But since all the ECONOMIC INDICATORS were positive the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to the 1795 level with the FOMC UPDATE. Be careful..
XAUUSD Be careful with this RSI Bearish DivergenceGold (XAUUSD) is rising today supported by the 1D MA200 (orange trend-line). The pattern is so far a Rising Wedge since the November 15 High and the next Higher High limit is currently at 1835.
At the same time, the 1D RSI has been within a Falling Wedge, indicating a Bearish Divergence. Though this is not a long-term sell signal, it certainly shows the potential of a technical pull-back to the 1D MA50 (blue trend-line), which Gold hasn't had since the November rally started. The RSI though remains supported on a Higher Highs trend-line that started on the September 26 Low (and was what helped us predict the November rally), so as long as it does it remains short-term bullish.
As a result, we remain bullish as long as the price trades within the Rising Wedge, targeting 1834, but a break below it (also the 1D MA200) will be a short-term bearish signal for us towards the 1D MA50.
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Gold- Drop to 1760 next?As I said in my last week's analysis, in my opinion, Gold topped, and with the recent break under the rising wedge's support, we also have confirmation for this.
Friday, XauUsd came to test this break, and at the time of writing the price is exactly in the old's support zone.
Considering the recent bull's incapacity to hold the price above 1800 I expect a drop to at least the first support at 1760.
A daily close above 1810 would negate this bearish scenario.
XAUUSD SIDE WAY BREAKOUT PROJECTIONTechnical Reason For XAUUSD Bullish
1. We can clearly See Formation of Ascending Triangle Pattern in 1D candle and it makes the breakout there
2. We have confirmed the breakout Over 1810 due to Huge demand in W PATTERN formation
3. We can see formation of BULLISH REVERSAL PATTERN dur to fomation of strong bear candle which indicates the end of short sell trend
Overall Possible Outcomes
XAUUSD BUY @ 1810-1815
SL 1753
TP 1880
XAUUSD | New perspective | follow-up detailsGold seems firm on its resolve to hold to a $1,800 price despite some sideways movement after a 4,000pips move to the downside at the beginning of last week's trading. Price is currently back at the critical level around the $1,800 area sending mixed signals across the market and from a technical standpoint, the tendency of both a bullish and bearish expectation for the coming week makes options very open. Now, the consensus is that the Fed is expected to raise rates by 50 basis points next Wednesday which would mark a slower pace of rate increases, and technically it is important that we use the current technical structure to position ourselves in such a way that we catch the move at its inception.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD Still bullish inside the 1 month Channel UpGold (XAUUSD) managed to break again today above the 4H MA50 (red trend-line), recovering yesterday's early session drop and that keeps it on bullish track, at least for the short-term as the Channel Up that started a month ago (On the November 15 High) remains intact.
In fact it seems to be replicating the previous Higher Low formation below the 4H MA50. From an RSI perspective, see how well it rebounded on the Triangle's bottom (even though it marginally broke it). Keep an eye on the upper Lower Highs trend-lines, for levels were profit can be booked if you are trading this on the short-term. On the medium-term as long as the 4H MA200 holds (green trend-line), the next Higher High can be a little lower than the 0.5 Fibonacci (1840).
A break below the 4H MA200 though, turns the medium-term trend bearish, targeting the 1D MA50 (blue trend-line), which is the long-term Support during uptrends and is where we are waiting for a long-term buy entry.
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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XAUUSD hit our target now waiting for break-outGold (XAUUSD) extended the rise as shown on our buy signal last week and tested the 1808 (August 10 High) Resistance:
We see no reason to diverge from our usual strategy and although the 4H MA50 (red trend-line) is holding, we consider the Higher Lows trend-line the real Support. As long as it holds, it makes a great short-term scalping opportunity within itself and the 1808 August 10 High. If the latter is broken we will aim for the top of the Higher Highs trend-line, with the 0.5 Fibonacci at 1842.50.
If the price breaks below though, which ahead of this week's heavy fundamentals (Tuesday U.S. CPI, Wednesday Fed Rate Decision) isn't at all unlikely, we will finally see the much necessary pull-back of the November materialized. First the 4H MA200 (green) bust mostly the 1D MA50 (blue trend-line) are expected to provide Support around the 0.236 Fib (1722.50). Below the 1D MA50, the price should complete an Ascending Triangle pattern by attempting to test the 1615 Support (Triple Bottom).
Note the Triangle that the 4H RSI has been trading in since the November 03 Low. It can be very useful for short-term buy and sell entries.
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** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁
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XAUUSD GOLD BREAKOUT BUY PROJECTIONXAUUSD FUNDAMENTAL & fundamnetal REASON FOR BULLISH
1. Breaked Downtrend Line
2. Formed W pattern ane make a Break @ 1810 as DXY gettimg Weaker
3. Formed Three White Soliders which denotes continue in uptrend line
4. Dxy Breakdown the Uptrend kast month and heading towars 100.00 which is support Zone
Overall Possible Outcome
Buy above 1810
sl 1760
tp 1887
XAUUSD | New perspective | follow-up detailsFollowing the upbeat on the back of the November jobs report, the price of the yellow metal appears to be stalling at the key level of $1,800. Technically, signs of buying exhaustion continue as selling pressure are observed below the $1,805/1,800 zone towards the end of last week's trading session. In this video, we looked at the chart from a technical standpoint where we were able to figure out set-ups to look out for to either buy or sell the Gold in the coming week(s).
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, and risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.