Gold Friday Trading Strategies and Signals
XAUUSD. Today is July 19, 2024.
Gold broke the first round of the upward channel. As the high price was realized, the market sentiment. Gold fell to a new price range.
Trading in this range is accompanied by two factors.
1/ Gold is still in an upward trend. Unless gold falls below 2369.
2/ The short-term downward trend of gold has not ended.
So I think our short-term trading should be based on scalping and buying. Selling at high prices.
The price range I give you for trading:
Gold sell:
xauusd sell
1/2424-2428 sl2432 (If gold falls after stretching in the US market, this is a good trading range)
2/2439-2444 (If gold breaks through 2432, then this signal can be used as a scalping transaction. Profit 40-90pips)
Gold buy:
2402-2405 (scalping transaction, profit 40pips or more)
2392-2395 (scalping transaction, profit 40pips or more)
2380-2384 sl2374 (buy and hold. I think this price is the rebound price of the rising channel. At least it is very safe today)
Please try to trade in these price ranges and set sl. Refer to the notes after each signal to know how to trade
I wish you all a smooth trading. If you are interested in my analysis, please like me and join me.
Xauusdupdates
XAUUSD:18/7 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2400
Four-hour resistance 2500, support below 2452-40
Gold operation suggestions: From the perspective of 4-hour analysis, the support below continues to focus on the hourly top and bottom conversion position 2450-56. The bullish trend remains unchanged when the price falls back to this position. The upper target still focuses on breaking the new high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious.
BUY:2452near SL:2447
BUY:2440near SL:2435
Technical analysis only provides trading direction!
XAU/USD 19 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS, printing an all time high.
After BOS/iBOS price is expected to pullback.
Intraday expectation: Price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS which confirms swing pullback phase initiation.
After iBOS we expect price to pull back, therefore, for an early indication that pullback has initiated we need to see price print a bullish CHoCH.
CHoCH positioning is denoted with a blue dotted line on the inside bar candle.
We are currently trading within an internal high and fractal low.
Intraday expectation: Price to print bullish CHoCH to indicate bullish pullback phase initiation. Price to trade up to premium of 50% EQ or react at M15 POI before targeting weak internal low.
Alternative scenario: Price to print a lower low which would reposition CHoCH positioning closer to more recent price action.
M15 Chart:
19th JULY GOLD PREDICTION The price of gold has been influenced by various factors, including geopolitical events, economic conditions, and investor sentiment. For example, recent developments such as the assassination attempt on Donald Trump and the anticipation of potential interest rate cuts by the Federal Reserve have impacted gold prices, keeping them near record highs.
SELL XAUUSD 2451-2456
SL 2458
TP 2430
XAUUSD - GOLD - Scalping Mode! 18th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Is Gold About to Surge or Drop? Handle XAUUSD's Next Big MoveChart 1: 15-Minute Timeframe
Key Observations:
Trendlines: The chart displays an ascending channel pattern. The upper and lower trendlines are drawn to capture the price action within this channel.
Resistance Zone: There is a marked resistance zone around 2470-2480, where the price has faced rejection multiple times.
Support Levels:
Immediate Support: The lower trendline of the ascending channel acts as immediate support.
LQZ/Reversal Point: At 2429.19, there is a significant level indicated, likely a liquidity zone or a potential reversal point from a higher timeframe.
Chart 2: 1-Hour Timeframe
Key Observations:
Higher High (HH): The chart indicates a higher high formation at the recent peak, suggesting an uptrend.
Possible Scenarios:
Bullish Scenario: If the price breaks above the resistance zone around 2480 and holds, it could target higher levels around 2520 and potentially 2550.
Bearish Scenario: If the price fails to break the resistance and instead breaks down from the ascending channel, it could move towards the LQZ/Reversal points at 2429.19 (1-hour) and 2391.39 (4-hour).
Support Levels:
1-Hour LQZ/Reversal Point: At 2429.19, providing a potential support zone for a bullish reversal.
4-Hour LQZ/Reversal Point: At 2391.39, indicating a deeper support level from the 4-hour timeframe.
Immediate Support: The lower trendline of the current ascending channel.
Summary:
Immediate Focus: Watch the price action around the resistance zone (2470-2480) for potential breakout or rejection.
Bullish Confirmation: A breakout and retest above 2480 could signal a continuation towards higher targets.
Bearish Confirmation: A breakdown from the ascending channel and below the immediate support levels could trigger a move towards the lower LQZ/Reversal points.
Key Levels to Watch:
Resistance: 2470-2480
Support: 2429.19 (1-hour LQZ), 2391.39 (4-hour LQZ)
XAU/USD 18 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS, printing an all time high.
I have been previously mentioning that price could be seeking further liquidity to fuel it's bearish pullback phase and price could create a higher high to bring CHoCH positioning closer to current price action to allow for a more realistic indication of pullback phase.
This again, is precisely what happened. Price has printed all time high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line.
50% EQ for swing structure is denoted in black. 50% EQ for internal structure is denoted in blue.
Price has printed a bearish CHoCH indicating bearish pullback phase initiation, however, price has been unable to sustain it's bearish pullback phase and seems to be targeting the weak internal high.
Intraday expectation: Price has been unable to sustain it's bearish pullback phase. I would therefore stand aside an wait for price to confirm. It may be possible that price will print a higher high which would bring the internal low closer to current price action allowing for more realistic confirmation of bearish pullback phase initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS which confirms swing pullback phase initiation of the swing structure and has also confirmed swing range, however, I will be monitoring this.
Intraday expectation: Internal structure is bearish, swing and internal high are positioned the same making swing high weak but the internal high strong. I would therefore stand aside and wait to see how price reacts at M15 supply level before taking action.
M15 Chart:
XAUUSD: Conquering a new record@All Gold yesterday, after falling more than 20 times in price, has now recovered to the 246x area. With the current Plan, I think this Gold rate will increase to 247x
With the Buying Pressure Session being quite strong, today I will watch to Buy in the Asian Session and wait for news in the European vs. American sessions before watching to Sell 👌👌
Plan Phien A Canh Buy Gold around 2461>2464
Sl 2459
TP 2470>2476
In the European Session, I will watch the Gold Reaction around the 2473>2478 area so that the Sell Canh has a beautiful reaction area like last night. I will update later, everyone
--
Although now no longer plenty one of a kind from the fee stage the day before today morning, the fee of this valuable metallic has reduced sharply in comparison to the growth in the course of the day because of profit-taking strain after the fee hit new report levels. Previously, at the start of the buying and selling consultation on July 17 (US time), the spot gold fee hit an all-time excessive of 2,482.29 USD/ounce way to the dovish remarks of Reserve officials. The US Federal Reserve (Fed), along with Fed Chairman Jerome Powell.
According to CEO Alex Ebkarian Allegiance Gold, there's a excessive opportunity that americaA Central Bank will start to loosen financial coverage in September. Expectations of growing hobby quotes come in conjunction with stable call for from principal banks is the catalyst that driven gold expenses to the modern excessive stage.
Earlier this week, Fed Chairman Jerome Powell stated that lately launched information had "improved confidence" that inflation become falling sustainably towards the goal stage set with the aid of using americaA Central Bank.
Many Fed policymakers additionally stated they're an increasing number of constructive that fee inflation is heading in the right direction and falling towards the 2% goal mark.
Don’t be afraid of the double shoulder top. Gold will rise again
When the buy order reached the target position of 2482 and closed, the market fell again.
The current price is around 2462, and I think the buy point is coming again.
If you are still losing money or don't know how to trade, then you should contact me and increase your account. Don't let procrastination and hesitation lose you money.
COMEX_MINI:MGC1! NYMEX:MCL1! BINANCE:BTCUSDT FX:GBPUSD TVC:DXY MCX:CRUDEOIL1! NYMEX:WTI1! COINBASE:BTCUSD COMEX_MINI:MGC1!
COMEX:GC1!
OANDA:XAUUSD MCX:GOLD1! TVC:GOLD
XAUUSD
The gold price appears to be moving to the bearish side as a bearish three-method formation has been identified on the 4-hour timeframe. This pattern, characterized by a long bearish candle followed by three smaller bullish candles and another long bearish candle, indicates a continuation of the downtrend. Traders might consider this as a signal for potential further decline in gold prices.
XAUUSD on July 18, 2024 continues to wait for the target zone?
Continue with the previous day's plan
- Looking at H1, we have black wave 5 which is an expanding wave.
- In the black wave 5, there is a yellow 5-wave structure and now we have a yellow 4 wave that may have completed.
- From the measured targets for the end of wave 5 of the plans in recent days, we will have the first target at the round number area of 2500
- Currently we wait for the price to reach the target area of 2500 to find conditions to SELL
It's time to short gold. Horrible data is about to be released
You saw this post before. Then you must be lucky. Because the gold price rose from 2372 to 2443.
Today's news will be updated soon. The market will fall sharply under the influence of the horrific data.
I was sent by God to save you.
If you missed the last rise, then go short this time. You'd better not miss it. Otherwise, you will regret not following the guidance of the messenger.
NYMEX:WTI1! COMEX:GC1! OANDA:XAUUSD MCX:GOLD1! TVC:GOLD FX:GBPUSD TVC:DXY COINBASE:BTCUSD MCX:CRUDEOIL1!
XAUUSD:17/7 Today's Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2400
Four-hour resistance 2500, support below 2466-40
Gold operation suggestions: Yesterday, gold technically relied on the support of 2420 and accelerated to break through the previous high of 2450. The overall technical aspect continued the extremely strong unilateral upward trend of the bulls.
From the 4-hour analysis, today's lower support continues to focus on the hourly top and bottom conversion position of 2450. The intraday retracement relies on this position to continue to be bullish. The upper target still focuses on the historical high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious.
BUY:2466near SL:2461
BUY:2440near SL:2435
Technical analysis only provides trading direction!
Gold Price Set to Explode? Must-See Analysis Inside! [Update]Trade Update: XAUUSD Analysis
Date: July 17, 2024
In our previous post and video, we discussed how to approach XAUUSD given the current market conditions. Let's dive into the latest developments and analyze the chart for further insights.
Key Observations:
Break Above HTF Trendline:
We observed a significant break above the Higher Time Frame (HTF) trendline. This move indicates a strong bullish momentum, suggesting that buyers are in control.
After the breakout, the price pushed back into the structure, which is a common retracement behavior. This retracement offers a potential entry point for those looking to capitalize on the upward momentum.
Support Zone Tested on LTF:
The price action tested a support zone on the Lower Time Frame (LTF). This support zone held well, providing a solid foundation for the next leg up.
This test reinforces the strength of the support level and can be seen as a bullish signal.
Current Market Conditions:
Currently, XAUUSD is displaying a textbook play back into an area where we might see signs of either reversal or continuation.
Traders should watch for key signals at this level to determine the next move. A strong bullish reaction could indicate continuation, while a bearish signal might suggest a potential reversal.
Liquidity Zones and Reversal Points:
The chart highlights two significant liquidity zones (LQZ) and potential reversal points:
1HR LQZ/Reversal at 2429.940
4HR LQZ/Reversal at 2391.394
These zones are critical levels to monitor as they can provide valuable insights into market sentiment and potential turning points.
Conclusion:
As the price approaches these key levels, traders should remain vigilant for confirmation signals.
If the price respects the support zone and breaks higher, it could provide a good opportunity for a long position.
Conversely, if the price shows signs of weakness, it might be prudent to consider short positions or wait for further confirmation before making a move.
Stay Updated:
We will continue to monitor the price action closely and provide updates as the situation evolves.
75: Record Gold Prices What’s Driving the Surge and What’s Next?The price of gold has recently surged to a new all-time high, driven by the anticipation of interest rate cuts by the U.S. Federal Reserve. Gold traders are predicting that the Federal Reserve will implement two rate cuts this year, which is boosting the appeal of gold as a safe-haven asset. Historically, when interest rates are low, gold prices rise due to the decreased opportunity cost of holding non-yielding assets. Additionally, ongoing geopolitical uncertainties and economic instability are further supporting the demand for gold.
Central banks around the world, including China, have been significantly increasing their gold reserves, contributing to the rising prices. This accumulation of gold by central banks indicates confidence in gold's enduring value, which in turn encourages other investors to follow suit. As the Federal Reserve aims to stimulate the economy through lower interest rates, the weakening U.S. dollar makes gold more attractive to foreign investors, further pushing its price upwards.
New high reached $2482.35 - what are the expectations?
Bullish Scenario:
At the moment, a new high has been reached with substantial buying pressure. The buying pressure is evident with the almost straight line up. Given this scenario, the risk of shorting is high. However, when new highs are reached, it's prudent to hedge long positions. You might consider shorting on a lower time frame, targeting $2420.61.
The support level around $2420.61 is clearly identifiable. We could see a retest of this level, presenting an opportunity to initiate new long positions. There is also a possibility that prices will continue to rise. If buying pressure continues, we could see new highs beyond $2482.35, pushing the gold price even further.
Bearish Scenario:
If we lose the support level at $2420.61, it becomes apparent that we should look for short positions and new local lows. In this case, the decline could indicate a reversal in the current bullish trend. The break below this support could lead to a further drop in prices, potentially targeting lower support levels. Traders should watch for signs of weakening momentum and be prepared to shift strategies if the market sentiment turns bearish.
XAUUSD
The gold price has completed an Elliott Wave 12345 pattern, reaching a new high and touching the rising resistance trendline, forming a reversal rising wedge pattern. This suggests a potential downward movement as the price is likely to follow the Elliott Wave ABC correction. Traders should watch for confirmation of the breakdown from the wedge to validate the start of the correction phase.
XAU/USD 17 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS, printing an all time high.
I have been mentioning that price could be seeking further liquidity to fuel it's bearish pullback phase and price could create a higher high to bring CHoCH positioning closer to current price action to allow for a more realistic indication of pullback phase.
This again, is precisely what happened. Price has printed all time high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line.
50% EQ for swing structure is denoted in black. 50% EQ for internal structure is denoted in blue.
Intraday expectation: Allow price to continue it's bullish momentum and print bearish CHoCH to indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has print both internal and swing BOS (Break Of Structure)
Price has printed a bearish CHoCH thereby confirming internal range and indicating bearish pullback phase initiation.
Intraday expectation: Price could potentially be targeting weak internal high.
Alternative scenario, price to react at M15 supply zone, pullback into discount of 50% or M15 demand zone before targeting weak internal high.
M15 Chart:
Gold shows signs of continued upward trend todayTrading Signal For
Trading Setup:
There is a Trading Signal to Buy in Gold XAUUSD h1 Currency Pair.
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 2458.1
⭕️SL @ 2436.0
🔵TP1 @ 2505.0
🔵TP2 @ 2545.0
🔵TP3 @ 2589.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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Gold ShortShort Sell Analysis for Gold After a Strong Upside Move
Market Overview
Gold recently experienced a strong upside move, driven by various macroeconomic factors, such as inflation concerns, geopolitical tensions, and a weakening U.S. dollar. These factors have collectively increased investor demand for gold as a safe-haven asset.
Gold is approaching significant resistance. While the recent strong upside move in gold has been fueled by various bullish factors, technical and fundamental analyses suggest that the metal might be due for a correction. Short selling gold at current levels, with proper risk management strategies, could be a profitable trade if the anticipated pullback occurs. However, it's essential to stay informed about ongoing economic developments and market sentiment to adjust the strategy accordingly.