XAUUSD - 15m Short After the CPI news, the XAUUSD price rose from the support zone in just 2 minutes, but it didn't rise too much at the retest, So the price probably will cross down the demand zone and fall.
Xauusdsignals
XAUUSD Make or break time for the bullish case after a long timeGold (XAUUSD) continues to trade within the Channel Up we discussed last time, having hit on Thursday the 1D MA50 (blue trend-line) for the first time since April 22:
It has only been a month since we laid out the symmetrical levels on the long-term and how 1680 would be targeted but remained the long-term Support. The rebound since July 21 has been strong and having broken above the 1D MA50, Gold is making a case for finally reversing the long-term bearish trend:
As you see on today's chart, the final hurdle is the Lower Highs trend-line that started from the March 08 Top. Both the 1D RSI and the MACD show that the we've broken above momentum Resistances and the buying pressure is pilling up.
A favorable R/R strategy would be to sell with an SL on the March Lower Highs if the 4H MA50 (red trend-line) breaks, and target the 1725 level, which is top of the Pivot Zone. If the price breaks above the March Lower Highs, we'll have the final confirmation for the shift to a bullish trend long-term, with a first target on the 1D MA200 (orange trend-line) and second the 0.5 Fibonacci retracement level at 1875.
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GOLD UPDATE.........
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
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XAUUSD | Perspective for the new week | Follow-up detailsIs this a Gold bubble on the back of the US recession hint?
Following a consolidation phase around the $1,710 zone at the beginning of last week's trading session; Gold gathered bullish momentum and climbed to its highest level since the beginning of the month. In this video, I explained how intend to take advantage of any trading opportunity that comes up during the 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 turned to a Channel UpGold (XAUUSD) broke above its 4H MA200 (orange trend-line0 today for the first time since June 23. It has done so by forming a Channel Up pattern since the rebound on the 1680 Support. That was a projection we clearly outlined on our long-term analysis at the start of July:
Right now the next Resistance that buyers are targeting is the 1D MA50 (red trend-line), which has been intact since April 22. Most likely this will coincide with a test of the March 08 Lower Highs trend-line, where a break above will be a major bullish break-out and should start filling the higher Fibonacci retracement levels. If you haven't bought already and are looking for a confirmation signal, do so after the 1D RSI breaks above the June 10 Resistance.
On the other hand, any rejection on the 1D MA50 or the March 08 Lower Highs trend-line, will be a sell signal (short-term) towards the 4H MA50 (blue trend-line).
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XAUUSD Beginning of the correction at the upper borderXAUUSD Beginning of the correction at the upper border
the formation of an ascending channel with the main goal of growth up to 1800
XAUUSD | New perspective The Gold appears to be recovering from a month low of $1,680 to reclaim the $1,720 area which is my key level for the week on the dismal US PMI to set the tone for a shorter bullish bias.
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.
GoldViewFX - Market UPDATEHey Everyone,
As you can see this chart is playing out, we started early with the Bullish targets but now seeing price come into the retracement range. Hoping to see price find support in the retracement area and resume with the Bullish targets. Failure to hold at this retracement zone and we will see price test the full swing range.
As highlighted already we have identified the 4h chart range of 1743 - 1707 - these two levels are holding the current range; break and lock above or below will confirm momentum for the next few Goldturns targets.
BULLISH TARGETS
1733 DONE
1743
1752
1760
1769
BEARISH TARGETS
1723 DONE
1714 DONE
1707
SWING RANGE
1679
Our plans to buy dips, as a long term strategy is still in play, as always we will keep you all updated with any changes to our plans throughout. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD Short-term updateThis is an update to last week's buy signal that we gave on Gold (XAUUSD):
As you see the price broke above both the 4H MA50 (blue trend-line), turning it into a Support and above the short-term Channel Down. On the long-term it is trading largely according to the plan we presented at the start of this month (see chart below), but this is a short-term update ahead of Wednesday's Fed meeting, so we will stick to the 4H time-frame:
As long as the 4H MA50 holds, it is more likely to test the 4H MA200 (orange trend-line) and the 1D MA50 (red trend-line) in extension after the dashed line breaks. The 1D RSI is as you see still largely oversold after trading the majority of July below the 30.00 mark.
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XAUUSD Short Sell Long Buy NOW
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Gold: possible move to 1640-60s before any mean reversalGold likely to move back to previous week low as long as it trades below 1728. A clear break of 1728 comes 1748 which once broken brings 1800 on the card. At the mean time I'll see any move to 1734-36 as a cautious selling opportunity with risk management expecting it to pull back on the same candle below 1728 on 4h-daily time frame. Target at 1683 followed by 1650s-60s.
Gold: unyielding gold loyal to dollarI told u guys about gold having trend in trend in 1htf in previous post and what is likely to play and we've only broken down from orange uptrend and now trying to head down to the down part of the yellow trend. The market pulled out of 1695 zone which I put as the first target. If the zone is to be crossed 1670s will be next down followed by 1660s. If the 1680-95 zones is crossed 1670s and 60s will be a nice place to try a buy to keep opportunity if hold. Decline to 1640s can still be on the card for the Bears.
XAUUSD is a buy again but act cautiouslyWe have been bearish on Gold (XAUUSD) since the March (war) peak and especially since the start of the month have been warning of a potential $100 collapse:
This time however we have a number of indicators pushing the scale in favor of (short-term at least) buying again after 2 months. The chart on the left is on the 1D time-frame, while the one on the right is on the 4H. As we see on the 1D, the RSI started to find Support while trading within a Channel Down since April. This could be similar to the March 2021 bottom that made a short-term rebound to 1755.
With 4H showing the price action since July 06 within a Channel Down but the 4H RSI on Higher Lows (bullish divergence), we are waiting for a break of the 4H MA50 (blue trend-line on the 4H chart, red on the 1D) to target 1755. A new break above 1760 constitutes a new bullish break-out signal towards the 4H MA200 (orange trend-line) - 1D MA50 (red trend-line on the 4H chart, blue trend-line on the 1D chart) cluster. After that we have to evaluate based on the macro-economics at the time. There are the Fibonacci retracement levels involved for a longer-term approach.
A rejection on the 4H MA50 or the 1760 Resistance, are both short-term sell signals.
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Gold: indecisive Gold wanderingGold have been wandering sideways for sometimes now having no direction. This is 1hr timeframe having trend in trend. A break up of the yellow trend comes 1720 which if broken brings 1748 next and after which comes 1770s. While break down of the orange trend come 1695 which if broken come 1670s. Possible wide 4h uptrend in play.
Good luck
Gold: no sign of mean reversal at the mean timeWe have achieved our goal to 1753 from 1878. Further downside looks more likely than upside. Gold recently broke out of new 1hr timeframe uptrend having triple touch at the top of the trend which is likely to lead to the new trend expansion. Downside targets first at 1722 and second at 1670-80s. Gold need to trade above 1700 for hope back to 1878 to yearly high to be on the card. Failure to do so to limit upside potentials. Break below 1700
XAUUSD Flash crash to 1680 still possible.Gold (XAAUSD) broke this week below the 30.000 1D RSI for the first time since August 2021. It was only a week ago when we warned of this potential collapse based on the following 1M (monthly) structure:
Now on this 1D time-frame analysis, we see that following the 1D Death Cross (when the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line)), this isn't as unexpected and follows very closely the sell-off Gold had after the February 15 2021 1D Death Cross. As a result, even though the price has crossed below the 2 year buy level (1760), it is very likely to see one last flush to the 1680 Support before a new trend emerges. Especially considering the high volatility that today's Nonfarm Payrolls report (NFP) usually brings to the table. A consolidation next month within this zone is possible according to the 1M study, so consider the risks when proceeding to long-term buying.
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