XAUUSD Gold Next Possible Move#XAUUSD ( Gold / U.S Dollar )
- BULLISH CHANNEL in Long Time Frame #LTF , Rejecting from the Upper Trend Line #UTL
- IMPULSE CORRECTION IMPULSE , Completed the " ABC " Correction and " 4th " Wave
- Selling Divergence
- It will Complete its " 5th " Wave at Resistance Level
- LEADING DIAGONAL as a Corrective Pattern in Short Time Frame #STF need to wait for the Breakout
Xauusdtradeidea
XAUUSD GOLD DROP MORE ?`In the daily time frame gold was in sell off trend and in friday break its support of 1660 level and now respect its support trend line in 1h smallar time frame and we expect on monday open that price retrace to its previous support now test as a resistance and than after closing bearish on 1h we have a good short sell trade in gold xauusd for the target of next support level coming according to price action which is 1623 and the low of sep 1615 strong level of support according to daily time frame and expected that price bounce to upside from this 1615 level. if on monday price break coming market structure resistance than wait for the range of 1660 level and after sell closing on 1h good setup to short on gold for the target of 1645 1640 and this week target is 1623-1615 level.
The technically gold is in down trend and bearish market also fundamentally dxy dollar index is strong due to strong cpi numbers and hike in interest rate desicioun from the federal reserve fed/.
GOLD Daily Roadmap 12 Oct '22We are waiting for the confirmation.
If price breakdown Demand #3 then Scenario A might happen or else price going up to Resistance 1681 and if breakout Resistance, then wil continue up until Supply #1 @ 1695 - 1700.
I will update later in this idea.
Thank you.
Good luck and have a nice trade.
/MJ
💰GOLD analysis in Daily time frame🔥⭕You can see gold analysis in daily time frames(XAUUSD _1D)🧐
🔰Due to the downtrend of the price since 2070 and the presence of the price in the support🧡 line area❗❗ If the price can break the black downtrend line and stabilize above it, in Pullback❗ the price to the support🧡 line and the downtrend🖤 line can be bought and there is a possibility of the price climbing to the SUPPLY zone🔺
But if the price can break the black🖤 uptrend line and stabilize below it, in Pullback the price to the black🖤 uptrend line and the orange🧡 line (supporting the resistance) can be for sale and there is an expectation of a price down to the DEMAND zone🔻
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
⭕Best BUY & SELL areas GOLD 💣🧨🔰You can see the gold analysis in the 15-minute time frame (XAUUSD_15min)🔍
✴️As is evident in the picture, the price is falling❗❗ The price can perform an uptrend up to the resistance🧡 line and downtrend🖤 line in the overlap of the DEMAND area and the uptrend🖤 line and 61.8% retracement fibonacci 💜 (from point A_B). If it breaks the resistance🧡 line upwards, it can climb to the SUPPLY range, if it can also break the mentioned SUPPLY range upwards, it can have another upside to the next supply range🧐🔺
But if the price can stabilize itself below the uptrend🖤 line, it can have a downtrend to the DEMAND range🧐🔻
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
GOLD NEAR FUTURE PREDICTION(4H Chart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color which we have currently BROKEN
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels from my past ideas published (4H Support level) or levels that were respected from the past (4H Resistance level).
Good luck everyone, stay safe!
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⭕️SELL GOLD : its time to sell😉 ❗️🔰You see the analysis of the gold in 15 minutes( XAUUSD , 15 m) ❗️🔎
🔰SELL XAUUSD at 1898
✅TP ; 1885 (+1300 pips)
❌SL ; 1902.5 (-450 pips)
📊R/R ; 0.34 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
⭕️Best price to BUY GOLD 😉 ❗️🔰You see the analysis of the GOLD in 1 hour ( XAUUSD , 1H) ❗️🔎
🔰BUY Limit XAUUSD at 1950
✅TP ; 1984 (+340 pips)
❌SL ; 1940 (-100 pips)
📊R/R ; 0.29 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰In the image you can see the behavior that the price has done up to this hour. Due to the price collision with the white bullish resistance line, the gold price has fall. The best area for buying gold is at the cross of the previous demand range (purple range) and orange support line, which has already been reacted to by the price approximately 9 times, and the white channel uptrend line (which forms the bottom line of the bullish channel)❗️❗️👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
XAUUSD (GOLD) price action with cloud and trendlineGold continues to trade lower on de-escalation of tension between Russia and Ukraine. Markets await Fed monetary policy this week for further direction. Any 50 basis point rate hike will pull yellow metal don below $1900.
Technical:
The near–term support is around $1960, violation below targets $1925/$1900. Significant reversal only below $1875.The yellow metal faces strong resistance of $2020, any violation above will take to the next level $2050/$2075.
XAUUSD SHORT IDEAHello there all,
Here's the XAU USD forecast.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
LETS GOO!!
This is not financial advice. 🙂
Thanks all
Gold Price Analysis: Market is waiting to test 1830 again. Gold has been making a solid comeback in the past week, and today it reached above $1800 for the first time since the first week of September.
This bit long-awaited move finally came after weeks of impressive gains made following Wednesday's upsurge, which saw gold preserved its bullish momentum. That is an important milestone that XAU/USD has reached above the $1800 price zone.
The reason behind such good fortunes? Falling U.S. Treasury bond yields seem to be fueling these advances with their recent poor performance weighing heavily upon USD prices.
N.F.P. came super negative, Market sentiment helping the gold price to up as well. Though yesterday C.P.I. printed positive today, PPI fades away. Last week before N.F.P., most U.S. economic reports came positive, but the USD outperformed against the gold.
The dollar Index falls below 93.80, nearly ten days lows; as a result, investors are seeking haven assets like Precious Metals. So, recent fundamental and market sentiment is helping the gold price to rise.
Technical View:
In one of my previous articles, I mentioned that breaking above 1865 may open the door for the 1830/1835 price zone. It seems that the gold market is heading to the 1830/1835 price zone.
From the present price zone, immediate resistance is showing at the 1807/1810 price zone. But keep in mind, every round figure play as a support and resistance. SO, 1800 price may play as minor resistance.
So, breaking above 1800, next target 1807/1810 price zone. After 1810 gold price may be headed to the 1830/1835 price zone. 1830/1835 price zone is a strong resistance zone and profit-taking zone. So, we may see a significant correction from the 1830/1835 price zone.
On the other hand, the gold price rose nearly 450+ pips since yesterday. So, it may be correct to lower if we see Retail Sales and Core retails print positive tomorrow. But I think it has less chance. But usually, it is showing overbought in R.S.I. SO, it may be correct too.
As long as gold's price holds above 1780, an uptrend channel's support. We should not go for short. Instead, gold may go up again after testing the 1780/1785 price zone. In case if we see gold price breaks below rising trendline support. We will go for short, and the next target should be the 1750 price zone. And finally, breaking below 1750, the last target to the downside is the 1720/1725 price zone.
XAUUSD SHORT IDEAHello there all,
Here's the XAU USD forecast.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
LETS GOO!!
This is not financial advice. 🙂
Thanks all
XAUUSD LONG IDEAHello there all,
Sorry about my chart colourways haha changing every new post, I just cannot seem to stick with one lol. 😂
Here's the XAUUSD forecast for long idea.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
LETS GOO!!
This is not financial advice. 🙂
Thanks all
XAUUSD LONG IDEAHello there all,
Sorry about my chart colourways haha changing every new post, I just cannot seem to stick with one lol. 😂
Here's the XAUUSD forecast for long idea.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
LETS GOO!!
This is not financial advice. 🙂
Thanks all
XAUUSD UP Trend.!#XAUUSD Hello trader, I hope are good and safe. Today I opened the chart of #XAUUSD for 15 Min and analyzed it then I see that this chart has made a UP Trend, So I hope market going up side.!
Now Nice opportunity for long.!
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
Gold Weekly Analysis: It's all about inflation this weekThe US labor market report was one of the most important economic reports last week. IN DECEMBER, the US economy added only 199k jobs where the market forecast was 426K.
The unexpected and negative news about the employment data caused fears that the US economy slowed down. At the same time, rates came out saying that Unemployment and wage rates are better than expectations, but markets reacted to this information with poor liquidity.
The employment figures, in general, are not too negative, especially if we think that they come at the end of the year.
Even though December's numbers were alarming, we should note that this is because of the Corona epidemic, which the United States of America recorded a few months ago.
Gold Market Mover Data For The Week
Fed Chair Powell Testifies
CPI m/m
Core CPI m/m
10-y Bond Auction
PPI m/m
Core PPI m/m
Unemployment Claims
30-y Bond Auction
Core Retail Sales m/m
Retail Sales m/m
Industrial Production m/m
Prelim UoM Consumer Sentiment
Even with this data in mind, it would still be premature to say that job growth has stopped or slowed since December 2021.
If job growth continues at its current pace- which seems possible given how vital things seem recent- coverage for the first half of 2022 could quickly occur by late January or early February 2022.
The labor market index, or the number two indicator of importance to the US Federal Reserve, is expected to release its monthly report next Wednesday.
The inflation index will occupy the number one spot on this list because the US Federal Reserve has changed its monetary policy and tendency towards a more stringent approach.
Expectations are that CPI will drop in December at a monthly pace of 0.4% from 0.8%, while Core CPI is also expected to be unchanged at 0.5%.
This news could impact stock prices and the gold market as investors expect it would match or exceed expectations- making it an important event for financial markets this week.
The market is pricing in an opportunity of more than 80%, according to FedWatch's CME Group tool, with a rate hike in March and four rate hikes this year.
This has already been priced in the markets as of this writing. Still, expectations are now rising that US interest rates may increase by four times this year compared to three expectations (in The latest estimates from the US Federal Reserve). These higher numbers will support other movements within the markets.
If FED hints at four rate hikes this year in their monetary policy, GOld may not go up as we expected. Rate hiking mostly depends on inflation reports.
If the inflation rises as expected, the FED will think to hike their rates. As a result, gold will drop. But if we see another drop in inflation, FED may not hike four times their bank rates this year. So, keep in touch with inflation reports.
The markets will also monitor the latest updates of the Omicron variable and the extent of countries' response to confronting the spread, especially after recording record levels in the speed of space and rising cases of anxiety.
The US dollar index is trading at 95.90 this morning, with opening prices being higher by about 0.17% since last week's close, as global stocks and gold prices continue to rise following a surge in returns seen over the previous week.
If the omicron concerns increase, there is no doubt that gold will test $1865 and the next $1900+.
Technical View
Gold is forming a triangle. The channel resistance is identified at the $1820 price zone from the present rates and channel support at the $1780 price zone.
So, as long as the market holds between channel support and channel resistance, the gold is not changing its long-term trends.
Gold was trying to break below the channel support zone several times, but it didn't happen. So gold pulls back after making a fake break out from the support trendline.
In the H4 chart, gold price testing 200 SMA, breaking above 200 SMA, our text target to the upside is $1815/125 price zone. Breaking above $1820/1825, we need inflation reports.
On the other hand, if the CPI report prints positive this week, gold may fall below trendline support and test the $1780 price zone. For breaking below $1780, we need another Hawkish statement from FED or Powell like last week and any hints that the FED will hike rates four times this year.
Gold: Buy opportunity: Market Breaks Above Descending Trend LinGold Just Broke Above Descending Trend ling. So, If the gold can hold above the descending trend line and $1836/1842 Price Zone, the gold will likely test the 1900/1910 price zone very soon. After breaking above $1910, our last target will be the $1950/1960 price zone to the final target.
XAUUSD : WEEKLY TRADE PLAN Gold has risen in three weeks due to a weaker dollar.
CPI data for the US was released on September 14th, and the earlier CPI data was 0.5 percent.
We may see a sideways market in gold this week.
I see a pullback around 1808 and 1800 as an opportunity to go long gold before the US CPI data is out.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
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