XAUUSD Top-down analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Xauusdtrade
XAUUSD: Double top formation, subsequent fall?
From the technical point of view, the current formation of a double top shape, the future market bearish, but due to the support and data near 1975 led to a temporary rise in the market, the subsequent energy is insufficient, and now has fallen to near 1979.
Continue to pay attention to the impact of the meeting in two hours, if it breaks 1975, continue to bear!
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Accurate signals for gold
Gold, bulls began to retrace yesterday, reaching the lowest level of 1990 before stopping. After testing this position many times, it got a certain amount of support and reached the bulls' willingness to repair. Then we can temporarily make a certain bull layout around this position during the day. , of course, once this position continues to break, we still need to adjust the later direction in time. The daily line closed yesterday's big negative line. Although it is in a continuous rising form, a single negative retracement may be a way to repair it, and below The short-term moving average is also gradually rising, which can also provide a certain support effect. There is still a desire to rise in the short term, and the current hourly line shows a weak retracement situation, but the middle rail position below also needs to test the support effect, and currently gold While the top touches the 2009 line and then starts to retreat, the bottom support will also remain at the 1990 line, so we will first look at the shock within the range during the day. temporary trading strategies
Gold: buy1988-1990, tp2001-2003, sl1982.
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Gold trading strategy for next Monday
I accurately judged the basic range and trend of gold on Friday. The price of gold exceeded the 2,000 mark on Friday night. Although multiple data released by the United States last Friday were beneficial to the decline of gold, the war has had a negative impact on gold. The impact is huge. As the multi-party war intensifies, the price of gold rises sharply.
There will be a lot of news about gold next week, including news about the Federal Reserve, non-farm payrolls, unemployment rate, etc. In addition, combined with the war trend at the weekend, I think gold will still show an upward trend. If the intensification of the war does not ease, the price of gold next week may reach around 2080. If the war eases, and the important data released next week will be beneficial to gold Going short, I think the support for gold prices around 1950 is still strong.
Gold may adjust its price to around 1995 on Monday and then rise again.
Gold’s operating strategy for next Monday:
buy:1996-2002 tp 2022 (if there is a huge price adjustment after the opening, I will re-update my trading signals)
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XAUUSD (Gold) Shorts towards 1980.000 and below.For gold, I have two possible scenarios that could play out this week. As we've seen a huge impulsive move to the upside recently, we are now expecting price to drop in order to fill in the imbalances and take out the liquidity that was left below. Currently, it's in a very good daily supply zone that caused a CHOCH to the downside on (may 23rd.) Hence why I am expecting price to distribute and sell off down towards the levels of 1980 and below.
As of now, we are looking for imminent sells towards the 8hr demand zone as that's a good zone that could respect the bullish trend in order for price to keep going bullish. So from there, I would be looking for a buy opportunity. However, As we have too much liquidity underneath that 8hr demand zone i.e. engineering liquidity, untouched asia lows and swing lows. We won't be surprised if price pushed further down all the way to 1920.000 or even 1880.000. As we will find a lower time frame confirmation for the sell I would personally take out at 1980 to see if price wants to respect it or violate the demand completely.
Scenario (B) is that the daily supply zone that it is currently in will fail and mitigate the extreme (9hr) Supply zone above it in order to then sell off from there towards 1980. To add, there is an untouched Asian high within the current zone so I can see that being taken before price wants to start reversing. Regardless as of now, we are looking for sell opportunities from the current price or the 9hr supply above to target the 1980.000 region, to then ultimately see if price wants to break or respect that POI.
My confluences for XAUUSD shorts are as follows:
- Price has tapped into a daily supply zone that has caused a change of character to the downside.
- Rejection from the POI has started to become visible due to the small consolidation where price has initially entered.
- Lots of liquidity to the downside in the form of trendlines, untouched Asian lows and imbalances.
- Price has been bullish for quite some time and the impulsive move requires some sort of pullback that I am expecting currently.
- Price has also swept lots of liquidity on the higher time frame that was gathered since couple months ago.
- Bottom side of the consolidation left around 1952 needs to be swept as well as its just swept the top side of it.
P.S. We have to be ADAPTIVE in all scenarios as the more angles we can look at something the more prepared we can be when price makes its decisions. Hence why in this detailed analysis we are looking at more than one way of what XAUUSD forecast might look like.
XAUUSD: This week's summary and next week's trading ideas
Recent spot gold trend is strong, the situation in the Middle East brought about by the risk aversion to the gold price constitutes obvious support, gold bulls stood on Friday 2000 US dollars, once on the 2008 US dollars.
On the evening of the 28th, Israel again bombed a house in Gaza. On the 27th, the United Nations adopted a draft resolution on the Palestinian-Israeli issue, calling for a truce. In addition, Friday's events between India and Pakistan, northern Myanmar, and the US air strike on Syria have brought new variables to the geopolitical risk.
However, the US economy remains strong, the data released in the week showed that the US GDP grew by 4.9% in the third quarter, and the pressure on the Federal Reserve to raise interest rates further remains, which has a certain pressure on gold prices. Gold has recently shown a strong upward trend, although it has retreated in the short term, but the overall trend remains upward.
It is expected that the market will usher in a large probability of continued rise in the future. Next Monday's operation is recommended to be mainly low.
Gold:buy@2000-2002 tp 2015-2023
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XAUUSD LONG AND SHORT SETUPHi Guys,
I'm going to update my analysis on gold. Yesterday after touching our demand level at 1964 price rallied up more than 200 PIPS which was absolutely amazing. Now today I'm back with new setups.
Area 1979 - 1977 is an fresh area which has not been touched yet so price could react to it and give us a good trade. If price passes through that next area would be 1974-1971 which has been tested once yesterday and has already proven itself.
if rallying up continues resistance level 2001 is gonna be the first level to monitor and following that we have 2010 -2022 as a H4 time frame supply level.
So currently, best course of action is to wait and see how price responds to our intended areas of supply and demand. I also will keep you updated of my thoughts on this analysis.
Be honorable
XAUUSD: Watch the impact of preliminary data on gold
Today, gold peaked in 1997, hit 2000 points failed, the current price of 1985, focus on the impact of initial jobless claims data, we can choose to operate after the data.
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XAUUSD: Monday's market is down, trading enthusiasm is not high!
Today, gold jumped low, the lowest point was 1963, followed by a short time to rise to near 1972, the highest point was 1983.
All day oscillating market, we all day between 1975-1980 dips, dips short, trading is mainly short-term operation, the overall profit is relatively good!
If you are confused about trading, please join me, I believe you will have a great harvest!
Analysis of gold’s trend this week
Gold has experienced one rally after another this week:
Fundamentals of the Palestinian-Israeli conflict,
Thursday's Fed Powell speech
Rising after continued technical correction
There was no new breakthrough when it hit 2000 on Friday. Due to the fundamentals of the Palestinian-Israeli conflict, various countries continued to intervene, the U.S. economy continued to maintain a stable signal, and technically, the gold price needed to be corrected. A series of events such as this led to gold not successfully rising to 2000, otherwise, a new trend will form immediately. From my chart, I can see that gold needs to be corrected downward. Whether it continues to rise depends on whether the price of the corrected support point continues to rebound, and we find that the price range for the downside is sufficient. We need to pay attention to the updated changes in the Palestinian-Israeli conflict over the weekend. Once the risk aversion sentiment is eased, gold will continue to correct downward next week.
Continue to profit from gold tradingToday I have given you two trading ideas, one is to short gold in the 1949-1951 area, and the other is to continue to short gold in the 1958-1960 area. After gold hit its highest level near 1962, gold fell directly to around 1938. Our gold short order made a perfect profit, and we also made a lot of profits.
For the next gold trading, I think according to the technical analysis of gold charts, gold should start to fall. However, the current conflict in the geopolitical situation has led to a surge in market risk aversion, which has played an absolute supporting role for gold.Therefore, for the current market, we cannot rely entirely on technical analysis. We should combine market news to judge the direction of the gold market. If the geopolitical conflict escalates and spreads, then gold will definitely continue to rise, but if the geopolitical conflict eases slightly, then gold will completely return to its technical aspects. For the short term, we first focus on the support in the 1936-1934 area, and the upper side first focuses on the resistance near 1968-1970.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
XAUUSD: Lucrative week, next week
The Israeli-Palestinian conflict escalated sharply, and panic helped gold jump more than $60.
At the same time, the Federal Reserve spoke, sending a heavy signal, or ending the pace of interest rate hikes.
Next week brings the focus of the Fed's frequent speeches, especially whether Powell has brought surprising remarks.
Next week watch for a continuation of the rally above 1920, with new highs continuing to see resistance pressure in the 1947-1950 area.
At the same time, if the market continues to fall back and adjust, it has fallen below the 1920 position and continues to see support at the 1900 position.
We also made a profit of nearly 150 points this week, and next week we will focus on whether the conflict escalates!
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XAUUSD WAR BUY ANALSYSIS 15.10.23 Reason For XAUUSD Bullish
1. Breakedout the Strong Trendline of 1920 and now readt For Retest
2. Decending Broadening Wedge Pattern Continued and make the swing High as Traget 2074
3. Bulllish Flag Pattern Makes the futher Buy Movement with swing Low as sl 1880 and to 1980
4. Due to Isreal Palestine Issue the GOLD expected Emerge Movement
Overall Possible Outcomes
XAUUSD BUY @ 1915-20
SL 1880
TP1 1960
TP2 1990
WAR TP 2074
Risk aversion is rising, making money by going long goldtoday is Friday,I would like to remind everyone that as the weekend is approaching, the market is worried about news of geopolitical conflicts within two days of the weekend, which has led to rising market risk aversion, stimulating strong buying of gold, with gold rising to a maximum of around 1919. I informed everyone to go long gold near 1890 and 1900. Obviously, gold perfectly hit my expected profit target position, and we successfully harvested a profit margin of about 10 US dollars.
In fact, there is not much room for fluctuations in the US dollar today, so the sharp rise in gold is entirely due to the market's concern about weekend news. Therefore, gold gained $50 during the day. Driven by risk aversion, I believe that above 1915, at least today, we should not continue to be long gold and beware of gold falling back. In fact, from a technical perspective alone, gold should start a correction, but geopolitical conflicts have brought a certain degree of uncertainty to it. If there is no new news during the weekend, then I think gold may start a correction at any time next week.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
XAUUSD: Today's gold analysis and advice
The day will focus on the United States September import price index monthly rate, the United States October one-year inflation expectations, the United States October University of Michigan consumer confidence index preliminary value, according to yesterday's data performance, the evening data will be biased towards bearish gold prices, coupled with 2023 FOMC voting committee, Philadelphia Fed Chairman Harker on 2023 economic prospects speech.
From the daily line, the Bollinger band closed, the gold price yesterday rose to the first line of 1885 dollars, that is, near the Bollinger medium rail resistance, which is also an important support position for gold in late August, a place where the top and bottom conversion, breaking through this position to open the space above.
4 hours, the Bollinger belt has signs of closure, the price of gold in the upper track near the resistance after the pullback, in the impact of the data back to yesterday's 1870 support line, did not form an effective break, then, the day's gold prices are likely to maintain in 1870-1875 this range of oscillations, before not falling below the 1870 line, gold short line or more shocks, Even if it is to fall, there will be a second test resistance process, today's gold price short-term attention above the 1885 line of resistance, below the 1870 line of support.
Short-term strategy reference: High probability scenario: bullish above 1865, target 1890-1900; Low probability scenario: Bearish below 1865, target 1855-1850.
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Short gold in the short term and continue to make moneyToday I tell you in advance that the short-term resistance of gold is in the 1885-1890 area, so I remind everyone not to continue to be long gold above 1880. In addition, before the CPI data was released, I informed everyone to short gold from 1883-1885. If gold rises to the 1888-1890 area, we will increase our positions to short gold. Obviously, the market did not give us any more opportunities to increase our positions, and after the CPI data was released, gold fell to a minimum of around 1871, which perfectly hit my expected profit target area of 1876-1875. Congratulations to all of us for making good profits.
Judging from the current gold trend structure, gold is currently falling back to around 1871, and gold has not stabilized above 1880. Then gold is likely to continue its downward trend, so now we focus on the short-term support area below 1863-1865. If gold falls back to this area , we can start trying to go long gold.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
XAUUSD: Gold continues to rally
Earlier, we have indicated that gold will start the upward mode this week, and today's profit has reached 17 points.
At present, gold maintains a strong intra-day rise, and now the gold price is consolidating above 1870, and the above is concerned about the suppression of 1880.
If you are confused about trading, please join me, I believe you will have a great harvest!
Trading strategies that are sure to make moneyDue to the dovish remarks of the Federal Reserve and geopolitical conflicts, gold rose further. After hitting a low of around 1853 overnight, it rebounded again and has now reached a high of around 1870. According to the current structural trend of gold, if gold breaks the $10 fluctuation range in the past two days, gold may maintain its upward trend for the time being. The initial pressure above is in the 1878-1880 area, while the first support below is in the 1861-1859 area, followed by the 1856-1854 area.
Therefore, for gold trading, stable friends can wait for gold to fall back and then go long gold based on the relative support level. Friends with aggressive trading styles can participate in a short-term short-selling opportunity after gold touches the 1878-1880 area.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!