XAUUSDXAUUSD has been ranging very close to 1640 support level, and if u look closely o the 1hr time frame you can see the chart forming a reversal partner which clearly showing a potential move to the upside.
I will be waiting for price to touch 1645 or very close to that before going long... expect price to hit 1680 .
another important price point to look out for is 1661, this will be the defining factor from which ever reaction we get at this price level determine if the up trend will hold or not
from 1680 will determine if price will continue to drop or not
Xauusdsignals
XAUUSDQuick update on the current price on XAUUSD. after the drop earlier am expecting price to retrace abit towards the upside beforer dropping down further... expecting price to pull up to 1659 at this price point is best for a high probability sell set up.
once the current support @ 1640 breaks, I will be looking to add more sell positions as marked in my chart.
XAUUSD Bullish Divergence on RSI. Be ready to trade break-outs.Gold (XAUUSD) has been trading within a Channel Down since October 10 when it broke below its 4H MA50 (blue trend-line) and today it got rejected on its top (Lower Highs trend-line) and the 4H MA100 (green trend-line).
Even though this is a technical sell entry, we should be mindful of the 4H RSI which has been on a Channel Up since also Oct 10, meaning that there is a Bullish Divergence. Potentially this may signify a loss in strength for the downtrend and may see a bullish break-out soon.
The strategy is simple: continue selling below the 4H MA50 but buy if the price closes above it. Targets 1,620 and the 1D MA50 (red trend-line) respectively.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
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! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD | Perspective for the new week | Follow-up detailsIn anticipation of the NFP result on Friday, Gold plunged to about 50% retracement of the bullish momentum that started the week but still posted a second straight weekly gain as price action evolved into a reversal pattern just around the bearish trend line identified on the daily time frame. The current structure screams a possible downtrend continuation but I am very much open to the possibility of a bullish continuation after considering the last week's activities.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable 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.
Gold- New visit to previous low?In my yesterday's commentary I said that "bears have won the battle" and, after yesterday's price action, this seems pretty clear.
The intraday correction was met with strong selling in important 1680 resistance and the price dropped quickly in support giving us clues that the pressure remains on the downside.
Technically, as said, the 1680 zone offers resistance and bears can target the 1620 zone (or the previous low) for their trades.
I'm bearish as long as the price stays under 1700 in closing day terms and I'm looking to sell rallies
My yesterday's analysis:
XAUUSD Fierce battle on the 1W chart.Gold (XAUUSD) closed last week above the 1W MA200 (orange trend-line) but so far it started this week with a heavy drop back below it. This analysis shows a potential long-term Channel Down pattern on the 1W time-frame, which can extend the rebound that started two weeks ago after the price nearly touched the bottom (Lower Lows trend-line) of the formation.
Basically so far in terms of both MACD and RSI, it resembles the bearish leg that formed the first Low of the Channel on the week of March 15 2021. Notice also that two weekly candles ago, the price also hit the 0.5 Fibonacci retracement level (High Aug 03 2020, Low Aug 13 2018). The previous Low rebound broke within the 0.5 - 0.618 Fib Zone from the prior High, also above the 1W MA50 (blue trend-line), which is now within 1807 - 1852.
As the long-term trend and the US10Y, DXY correlations weigh more towards a bearish Gold sentiment, it may be best to engage after a confirmation. And right now the best you can get would be when the 1W MACD makes a Bullish Cross (green arrow). Failure to do so, will break below the Channel and invalidate the pattern, in which case we can target the 1W MA300 (red trend-line).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
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! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Gold :: Short corrective trends !Gold :::
is falling in the orange channel and the green channel is also broken.
Please note that the top of the green channel and the bottom of the orange channel both show the same range.
It is likely that the price will have an upward trend and then return to the specified range.
Gold XAUUSDOn the 4 hours frame the Gold OANDA:XAUUSD is showing weakness which may lead to breaking the $1705 support level OANDA:XAUUSD to make the OANDA:XAUUSD heading south to the levels of $1684 as the first target also the indicators signal the weakness on the intraday frames which support the idea, this scenario can be changed if the prices went up to break the level of $1729 . OANDA:XAUUSD TVC:DXY OANDA:XAGUSD
XAUUSD First time to hit the 1D MA50 in 1.5 month. What next?Last week (September 28) we posted our usual 1D Gold (XAUUSD) analysis, calling for a buy after the metal completed a -10.60% drop from its previous Channel Down High:
As you see the price action validated that projection and Gold finally hit yesterday the 1D MA50 (blue trend-line), which was our immediate target. That was the first time this MA level got hit since August 17. Notice how this rise broke above Channel Down (1) (blue one) and has effectively confirmed the emergence of Channel Down (2) (green one), that we talked about on last week's analysis. So how will Gold trade now?
From a 1D MACD standpoint, the sell confirmation comes when it forms a Bearish Cross. That has been a consistent Sell Signal throughout the whole year. Even though we are near the top of Channel Down (2), it is best to sell either on the 1D MACD signal or if we break below the 4H MA50 (red trend-line), which is again consistent with how the previous downtrends began. We are only willing to buy if the price breaks above the 1D MA100 (green trend-line), which is intact since May 06 and target the 1D MA200 (orange trend-line).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
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! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD Potential Bearish Cross. Short-term trades.Gold (XAUUSD) has turned sideways after breaking above the 4H MA50 (blue trend-line), always within the Bearish Megaphone pattern that started after the August 10 High. We have a potential Sell Signal emerging as the 4H MACD is close to forming a Bearish Cross. As this chart shows, every such Bearish Cross has been a Sell Opportunity since August at least.
If you are a short-term traders, it would be best perhaps to engage upon confirmation and that would be if the price breaks below the 4H MA50. In that case, we can target the 1,641.10 Low of September 29 and the 1614.50 Support in extension.
If however the price breaks above the 1688.50 Resistance (previous High), it would be an upwards breach of the Bearish Megaphone and most likely the 4H MA200 (orange trend-line) at the time, in which case we will set the 1D MA50 (red trend-line) as Target.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
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! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD | Perspective for the new week | Follow-up detailsGold plunges to a new two-year low below $1,640 during the course of last week's trading session to set the tone for the risk of further decline in price. As the Greenback continue to soar, I want to see how price action is going to relate to the current structure identified on the 4H timeframe before making an informed decision next week.
Risk 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 SHORTw; bearish trend line which got rejected from a very strong s/r
daily; bearish, the price is being rejected from a s/r, zone which acts as a previous structure
4h; bearish and its ranging, still need it to break bellow the s/r
the structure
and bellow 50/20ema's
then I can go to the 1h to look for an engulfing candle breaking below the structure and the zone and below the 200/14/5 ema
stops above the structure
tp next structure
sentimentally; 46% short which is good
GOLD !! SHORT !!Hello traders, gold rose from a historical support area as expected, and that area was our TP2 in the last analysis i published on gold.
The important thing is that i think gold will now go down to 1643.X as a first target, if it breaks it, it will go to the last support area, which is 1616.X.
I think it's time to sell.
GOOD LUCK EVERYONE
TRADE SAFE.
XAUUSD Strong buy signal ahead-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
Gold (XAUUSD) has been trading within a long-term Channel Down (1) since the March 08 2022 High caused by the Ukraine - Russia war. A distinct characteristic of this pattern is that its Lower Lows completed a -10.50% decline from the previous Lower High.
Today's low completed another -10.50% decline from the August 10 High and if the pattern continues to replicate this characteristic, then we should see a 3-4 week rise. The previous two rises towards the top (Lower Highs trend-line) of the Channel Down (1) have both hit the 1D MA50 (blue trend-line) and reached at least the 0.382 Fibonacci retracement level, with the most recent even reaching the 0.618 Fib. On the current sequence, the 0.382 Fib is at 1690, while the 0.618 is at 1734.
If the latter is hit, then that would break the Channel Down (1). We can see however a new Channel Down (2) pattern (green lines) that can match this projection. Notice also the consistent signals that the 1D MACD has been providing since March 14. Every MACD Bearish Cross has been an accurate Sell Signal, while a Bullish Cross has been a Buy Signal. We might have a Bullish Cross within the next 2 days. That would confirm the 3-4 week rise.
Note for long-term traders: A closing above the 1D MA200 (orange trend-line), can change the trend from bearish to bullish long-term.
-------------------------------------------------------------------------------
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! 👏🎁
-------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
👇 👇 👇 👇 👇 👇
👇 👇 👇 👇 👇 👇
XAUUSD Channel Down bottomed. Potential short-term buy.Gold (XAUUSD) following the rejection on the 4H MA50 (blue trend-line), which is the short-term Resistance, hit and even marginally broke today, the bottom (Lower Lows trend-line) of the Channel Down since the August 10 High, which technically defines the medium-term bearish trend.
The recent Lower Lows though have been formed while the RSI on the 1D time-frame has been holding its Support Zone. The last time we saw that pattern was during the July 06 - July 21 Lower Lows. The RSI then bounced on its Support Zone and Gold rallied to its 0.618 Fibonacci level that was eventually the August 10 High.
As a result, we are willing to buy today's bottom rebound on what seems to be the early stages of a short-term rally. We are setting short-term targets and only if broken we're willing to move to the next one as the long-term trend remains bearish. As such the first would be the 4H MA50 (blue trend-line), following by the top (Lower Highs trend-line) of the Channel Down. If we close a day above it, then we can move to the 4H MA200 (orange trend-line) and the 0.618 Fib (1738.50) in extension.
** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. **
------------------------------------------------------------------------------------------
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! 👏🎁
------------------------------------------------------------------------------------------
👇 👇 👇 👇 👇 👇
👇 👇 👇 👇 👇 👇
👇 👇 👇 👇 👇 👇
GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
Please see weekly chart update
As advised last week 1710 Goldturn was being challenged by weekly chart EMA5.
EMA5 cross and lock below 1710 would confirm movement to 1589. However, we identified a weighted Goldturn before that at 1622, which is now open and can act as support. This zone is a strong support structure for the weekly setup
We now also have the MA200 touch, which we have been waiting for. MA200 may now provide some dynamic support to EMA5 for a Bullish recovery. However, a crossover with EMA5 will see further movement down.
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD Following the Rate High. Will it really rebound??Gold (XAUUSD) despite the enormous volatility after the Fed Rate Decision yesterday (0.75% Rate Hike), held the 1653 Support. At the same time though it held and got rejected on the 4H MA50 (blue trend-line), which is the short-term Resistance.
Technically, the medium-term trend (as well as the long one) has been bearish within a Channel Down since the August 10 High. As long as its top is not breached, the short-term target is the bottom (Lower Lows trend-line), limited on the -0.236 Fibonacci extension (1616).
The recent Lower Lows though have been formed while the RSI on the 1D time-frame has been holding its Support Zone. The last time we saw that pattern was during the July 06 - July 21 Lower Lows. The RSI then bounced on its Support Zone and Gold rallied to its 0.618 Fibonacci level that was eventually the August 10 High.
As a result, we are willing to buy the break above the current Channel Down and target first the 4H MA200 (orange trend-line) and the 0.618 Fib (1749) in extension.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
XAUUSD | Perspective for the new week | Follow-up detailsThe Greenback remains firm and strong ahead of the FOMC meeting this week. During the course of last week's trading, we witnessed a significant breakdown of the demand zone at around the $1,700 area to incite a bearish signal. So, is the price going to retest the $1,700 zone to confirm a selling momentum or will there be an opportunity to buy right above the $1,700 this week?
Risk 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 Trading plan after the key 1680 break!Gold (XAUUSD) broke the 1680 long-term Support level last Thursday, a level that has been holding since March 08 2021. As we mentioned last week, the continued rising bond yields are a main reason of this market breaking this psychological Support. On today's analysis, we will focus on the 1D time-frame and how to trade the medium-term under the new dynamics.
First, the 1680 break came after a rejection on the 1D MA50 (blue trend-line), which technically adds up to the downtrend. This shows that the major market participants never intended to allow Gold to break upwards. In addition, we see the price today being rejected on the 1680 level, on its first test as a Resistance. On the short-term, this adds more weight to the selling side as it discourages dip buyers.
If the conditions don't change, we expect a new bearish leg that can reach as low as the 1.5 Fibonacci extension on the medium-term, which is at 1618.50. We are modeling this out of the bearish sequence of mid-January 2021 - early March 2021, which as you see had a similar set of parameters: fake out above the 1D MA50 (circle), followed by an instant sell-off and a dead-cat-bounce that was rejected on the 1D MA50, which only gave way to the final 1.5 Fib flush. Notice how the MACD on the 1W time-frame between the current sequence and that of 2020/21 are similar.
On the other hand, a new break above the 1D MA50, will most likely not be a fake-out this time and since it will break above the Lower Highs trend-line of the March 08 2022 'Ukraine-Russia' High, it should be enough to reverse the medium-term towards the 1808.50 Resistance.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------