XAUUSD - GOLD - Scalping Mode! 23rd AugLet'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!
Xauusdupdates
XAUUSD: Gold prices will continue to reboundGold price can be bought when it retreats to 2496-2491. Investors with large funds can enter the market in advance.
tp2510.
sl2480
Risk events continue to ferment. Gold prices hit a new low of 2470 and then continued to rebound sharply. It has now risen by 30 US dollars.
Many people are often blind in their operations. But members who continue to pay attention will know the accuracy of my signals. This week is another week of big profits.
The trend of buying high and selling low is always correct. Don't scalp trading. That's very risky. Especially for novice friends.
At the same time, trading mentality is often a major reason for everyone's trading failure. So if your trading mentality is not good, then your trading will fail.
But here, whether you are a novice or a person with rich trading experience, or a person with a bad mentality, you can get my precise guidance to make better transactions. Because trading is to make greater profits, rather than to expand losses in anxiety. Follow me. Make trading easier.
XAUUSD:23/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2514, support below 2470
Gold operation suggestions: Gold was under pressure around 2515 yesterday, and retested to 2470. It broke the previous day's starting point of 2485. The strong market broke the low and turned into a volatile consolidation market.
The overall price showed a stage head pattern at the 2530 mark. The daily level was suppressed below the 2520 mark for two consecutive trading days, showing a weak oscillation and decline. Today, the upper strong resistance pressure focuses on the 2500 integer mark. The intraday pullback relies on this position to continue to be short and follow the trend to fall. The lower target continues to focus on breaking the new bottom.
BUY:2484near SL:2480
SELL:2500near SL:2505
SELL:2514near SL:2519
Technical analysis only provides trading direction!
Will Gold Fall To 2450?Okay Here Is My Today Intraday Plan For Gold Today.
I Wanna Sell Gold Between 2501 - 2507 Zone.I'm Gonna Wait For Market Make The Move First For More Setup.
Currently Price At My First Sell Zone.But This Zone And Time Isn't Comfortable For Me.
So I'm Waiting 😌
If There Any Good Setup I'll Update 😎
XAUUSD:Longs closed in the 2488-2496 range
Gold started to rebound after touching the support near 2482-2473. It is still in the rebound stage. From the graph, the resistance of the rebound should appear near 2488-2496. At that time, we need to pay attention to the breakthrough of the resistance.
I think the probability of a direct breakthrough is not high, because when it falls below 2500, it has become a strong resistance again. If you want to return to above it, you need to accumulate strength. Therefore, in the process of long trading, the TP setting should not be too high, and it can be controlled in the range of 2488-2496.
Making money is not something that can be achieved overnight. You can't have the mentality of getting rich at once. A step-by-step trading method will reduce risks, and steady trading can allow us to survive in this market longer.
XAU/USD 23 August 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS.
Bullish CHoCH positioning is denoted with a blue dotted line which is in premium of 50% EQ, therefore, if price reaches 50% EQ I will be happy to confirm internal low.
Price is reacting from M15 supply zone.
Intraday expectation: I would expect price to print into premium of 50% EQ before targeting weak internal low, however, price is reacting to an M15 supply zone.
M15 Chart:
XAUUSD 23/8 has the uptrend started?
Looking at H1 we see
- Yesterday we saw a sharp decline after the PMI news, the price reached our BUY Entry, up to now we have a 190 pips victory, congratulations to all of us.
- Now looking at the uptrend we see a 3-wave structure, on the other hand we see that yesterday's downtrend has the characteristic of sharp and fast movement, so we expect wave 3 to have formed and currently the price is correcting wave 4.
- With the target of wave 4 I measured, wave 4 has reached the price target and now we are waiting for wave 5 to complete.
- Wave 5 is confirmed when the price breaks through 2470.7 and the target is measured at the price zone of 2460 - 2457
- Because the price zone of 2470 is also the target price zone of wave 5 that we measured from the previous day's plan, we cannot rule out the possibility that the downtrend structure has been completed and it is confirmed if the price does not break through the 2470 zone. Then the price will continue the uptrend.
Our trading plan will aim to BUY when the price breaks through 2470
BUY ZONE: 24600 - 2457
SL: 2450
TP1: 2470
TP2: 2486
TP3: 2498
SELL ZONE: 2499 - 2502
SL: 2509
TP1: 2486
TP2: 2479
TP3: 2470
SELL ZONE: 2531 - 2534
SL: 2541
TP1: 2519
TP2: 2501
TP3: 2486
ENDING DIAGONAL ! CORRECTION OR KEEP PUSHING UP ? Last Friday Gold Make The History Again By Making New ATH And That The Psychology Level Of 2500 , And All The Way Up To 2509.8 Marking As New ATH (For Now) By Closing Above 2500 Weekly/Daily And 4H Candles Strongly.
What drives Gold Now ?
No Any Good Resistance
Fundamentals Are Good For Gold
War Is Still Going On
But As My Simple Elliot Wave Annualize Gold Has Make A Ending Diagonal Pattern Here. Ending Diagonal Is Indicating A Reversal Sing Of Gold If Follow Technicals. But Have A Doubt About That Because Of The Behavior Of The Gold Is So High Demand As Same Time. If The Diagonal Break Is Solid Gold Can Again Make A Motive Until Price Reach 2650 .
Will See On Next Week What Will Happen.
Wait For More Update
XAU/USD Monthly Chart Analysis: and Future Target 3000?On the monthly chart of XAU/USD, a classic Cup and Handle formation has developed, with a significant breakout occurring on March 1, 2024. Following this breakout, the price rallied by approximately 24.62%.
To project future price targets, I employed a method of measuring the depth of the cup and adding it to the breakout level. This calculation resulted in a potential price target range of $2,915.24 to $3,000, reflecting a total expected increase of around 42.39%. As of today, August 22, the price has already moved up by 18.81%, leaving a potential upside of 16% to reach the target.
The time projection for achieving this target was derived from the duration taken to complete the Cup pattern, which spanned 108 bars. By dividing this time period by two, I arrived at 54 bars, pinpointing a potential target date of September 1, 2028. Interestingly, there's a coincidental alignment between the breakout date of March 1 and the projected target date of September 1.
However, it’s important to note that financial markets are highly sensitive to news and events, leading to dynamic price movements. The prices are not static and can experience various phases, including uptrends and downtrends. The intention behind this analysis is to identify and track high-time-frame patterns, providing a basis for future projections.
I’ll also be tagging my previous Ethereum prediction, where I forecasted a price movement from $1,500 to $3,500 based on similar logic.
Disclaimer: This analysis is for educational purposes only and reflects my personal study and predictions. It is not intended as financial advice. Please conduct your own research or consult with a professional before making any investment decisions.
Gold Analysis 8_21 Gold has turned bearish and news helped pushed price down . Dollar gaining some strength
and reaching previous days high. Price has taken all the lows of the week and into last Friday.
We could see it touch weekly low but a lot of bearish pressure is in the market.
I'm really focusing on gold now I'm trying to watch it and gain a feel for it more. So far its
rewarding and a learning experience. lol
Looking to see a rally back up to a zone then push back down towards sell side liquidity areound 2451.00
I'm a seller by nature so I'm able to see those much easier. I took my profits and watching the rest until London/NY session.
Follow me for more info.
Risk Mngt #1
XAUUSD:22/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2500-2450
Four-hour resistance 2514, support below 2500-2494
Gold operation suggestions: Gold fluctuated in the range yesterday and was shot down again at 2519. The slight rebound in the Asian and European sessions was under pressure at the 2519 mark, forming multiple suppressions. The European session fell down and broke through the 2500 integer mark to reach 2493 and stabilized and rebounded. After the news was released, the gold price quickly rose and pierced the 2519 mark and fell back.
From the current market trend, the support below continues to focus on the vicinity of 2494, and the pressure above focuses on the vicinity of 2514-2530. Continue to rely on this range to sell high and buy low during the day. If it breaks through, trade with the trend.
BUY:2494near SL:2490
BUY2500near SL:2494
BUY:2514near SL:2510
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold Trading Strategy: Resistance at 2520 Reinforces Bearish OutIn my analysis yesterday, I mentioned that Gold could start correcting, and that rallies should be sold. This prediction played out as expected: after attempting to rise above the 2520 mark, the price began to decline, reaching an intraday low just below the critical 2500 level.
Although the bulls tried to regain control, they faltered again around the 2520 level, indicating a strong resistance at this point.
This suggests that a solid ceiling has formed at 2520, and further declines in Gold's price are likely.
As of now, the price is hovering just above 2500, and my strategy remains unchanged: sell during rallies.
The first target for the bears could be the support zone around 2485.
However, in my opinion, if the price decisively breaks below 2500, a more appropriate target would be 2460. This bearish outlook would be negated by a daily close above 2520.
XAUUSD Top-down analysis Hello 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.
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold is on fire! Central banks are scooping up gold at an unprecedented rate, fueling a massive bull run. In this video, we dive into the XAUUSD market, examining the fundamentals driving this surge, including:
🪙 Central bank demand: Learn why central banks are hoarding gold and how this impacts the market.
📉 Interest rate cuts: The Fed is hinting at rate cuts, and this is a major catalyst for gold.
🌎 Geopolitical tensions: Rising global instability is also bolstering demand for safe-haven assets like gold.
We break down the impact of these fundamental factors on gold prices and analyze the price action on the XAU/USD chart to uncover potential trading opportunities for the upcoming week.
XAUUSD Technical Overview:
This week, we're focusing on the $2,475 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights!
📌 Follow my journey as I map out the next moves in this dynamic market!
#XAUUSD #Gold #Trading #TechnicalAnalysis #MarketAnalysis #GoldPrice #CentralBanks #Fed #JacksonHole #Investment #TradingStrategy #FXTrading📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
XAU/USD 22 August 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Price to continue bearish pullback phase, react at M15 demand zone, perhaps as deep as H4 or D demand zone to then target weak internal high.
H4 Chart:
M15 Analysis:
Intraday expectation, analysis and bias remain the same as yesterday's analysis dated 21 August 2024
-> Swing: Bullish.
-> Internal: Bullish.
Previous Intraday expectation was met and price has printed a bullish iBOS.
Price has printed bearish CHoCH to indicate bearish pullback phase initiation.
Internal structure has been established and price reacted at discount of 50% EQ, however, price has also failed, as yet, to target weak internal high, therefore, price could potentially be seeking further liquidity and could be targeting M15 demand zone.
Intraday expectation: Technically price should target weak internal high but thus far has failed, therefore, price is perhaps seeking further liquidity (M15 demand zone) to fuel. bullish continuation.
Alternative scenario: We need to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted.
M15 Chart:
XAUUSD Gold Technical Analysis and Trade Idea 👀👉 Our focus is on the XAUUSD, which has exhibited strong bullish momentum on both the daily and 4-hour charts. However, with prices currently encountering a resistance level, we expect a potential retracement towards the Fibonacci 50% to 61.8% levels.
This analysis incorporates essential aspects of technical analysis, including trend identification, price action, and market structure. We'll also detail a potential trade setup and discuss strategies that could enhance the probability of success.
Please keep in mind that this analysis is intended for educational purposes only and should not be taken as financial advice. The observations provided are speculative and do not guarantee future market outcomes. We highly recommend verifying current price actions before making any trading decisions.
This presentation offers a comprehensive review of the prevailing trend, market structure, and price dynamics. However, it’s crucial to recognize that while the information is educational, it does not assure trading success. Trading in the foreign exchange market involves significant risks, and we strongly emphasize the importance of applying sound risk management techniques in all your trading endeavors.
We encourage you to perform extensive research and carefully consider all factors before making any trading decisions. Stay informed, be cautious, and approach the markets with a well-crafted strategy. 📊✅
XAUUSD - GOLD - Scalping Mode! 20th AugLet'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!
1:5 risk to reward buy setup for GoldCore Analysis Method: Smart Money Concepts
Here’s the analysis based on the Smart Money Concepts methodology:
😇 7 Dimension Analysis
Time Frame: 5M
Swing Structure:
The market structure is strongly bullish with liquidity resting in a key area at the extreme POI. The Inducement has been taken, and the corrective swing move has reached its lowest levels, showing two pullbacks. The internal structure supports this corrective move, with Order Blocks (OB), Sell Order Blocks (SOB), Fair Value Gaps (FVG), and liquidity marked as Points of Interest (POI) in the Discounted zone, making this setup powerful.
Support & Demand are also located in the POI zone, making this setup favorable for bullish momentum.
Pattern:
🟢 Chart Patterns:
A Rectangle pattern is forming, so patience is required to see how it plays out.
🟢 Candle Patterns:
Candle patterns will be considered once the price reaches the POI.
Volume:
No notable volume observations at this point.
Momentum RSI:
Skipped for this analysis.
Volatility Bollinger Bands:
Skipped for this analysis.
Strength ADX:
Skipped for this analysis.
Rating: ⭐⭐⭐ (3 Stars)
Probability: 50%
The probability is moderate, indicating a balanced risk/reward scenario.
✔️ Entry Time Frame: 5M
✅ Entry TF Structure: Bullish
☑️ POI: Extreme unmitigated OB
💡 Decision: Buy Limit
🚀 Entry: 2494
✋ Stop Loss: 2484
🎯 Take Profit: 2545
😊 Risk to Reward Ratio: 5 RR
🕛 Expected Duration: 1 Day (D1)
SUMMARY:
This setup on the 5-minute timeframe suggests a potential buying opportunity as the market is in a bullish structure, and key Points of Interest align at the Discounted zone. The Rectangle chart pattern forming adds to the likelihood of a potential move. The trade setup has a moderate probability with a 5:1 risk-to-reward ratio. The entry is planned at 2494, with a tight stop loss at 2484 and a target at 2545. Given the lack of significant volume, momentum, volatility, and strength indicators, this trade is more speculative and should be monitored closely as the price approaches the POI.
XAUUSD 1H BUY PROJECTIONThe allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gol
XAUUSD: The dollar fluctuates as interest rate cuts loomThe US dollar hovered near a seven-month low on Tuesday, with market participants predicting a possible interest rate cut by the Federal Reserve starting next month. All eyes are on Federal Reserve Chairman Jerome Powell's upcoming speech on Friday at the annual central banks meeting in Jackson Hole.
Gold Hits New ATH Amidst Volatility: Preparing for a Correction?If you’ve been following my analyses over the past 10 days, you’ll know that I’ve maintained a bullish outlook on gold, anticipating a rise above 2500.
Although last week was marked by strong volatility, and two of my long trades didn’t hit their targets—one closing at break-even and the other with a modest 40-pip profit—the overall outcome has been quite satisfactory, with gains totaling around 600 pips.
Looking ahead, while the overall trend remains strongly bullish, I now expect some correction. As shown on the posted chart, the price reached the resistance of the channel in which gold has been trading recently.
After hitting a new ATH yesterday at 2530, the price encountered significant volatility, likely due to profit-taking, which often signals a temporary top.
As I highlighted in an update during yesterday’s trading session, the key level for bulls to watch is around the 2505 zone. A break below this level could lead to a decline towards the crucial support at 2480.
With this in mind, I’m looking to sell rallies against yesterday’s high, targeting the 2480 level.