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XAUUSD 9/9/24XU is still sitting in a clear bullish higher timeframe bias but we have pulled back as we stated last week, the higher timeframe tells us we are going bullish and we have a nice clear pullback after a push to the upside, this now opens things up for a nice push to the next ATH remember we opened up a new demand, so from here bullish is likely! BUT we can drop into the liquid stored at our lows as a lot of retail have their stops placed at closer lows. I am looking for a clear shift bullish or a drop into the lower end liquid then to see price run to the new ATH! Trade your plan and stick to your risk!
OANDA:XAUUSD
by rosshayes
XAUUSD 30/6/24The gold chart here shows a similar outlook to what we had last week. We played off the area of supply we marked, selling off nicely into the lower end of the range. After taking the liquidity across the lows, we saw a strong pullback with a large area of imbalance created, indicating upward momentum. However, it's important to remember that the overall ranges are bearish, and we expect the price action to move lower. Our preferred option is for the price to run higher to the area of supply before selling off, sweeping the low marks below and heading to the demand zone marked in green. At this point, we would look for the price to either go bullish and move into the area of supply or break down through this zone and continue the bearish trend. If the price breaks the 4-hour high, it would give us a new directional bias. Conversely, if the price breaks lower, it would align with our current bearish bias, so keep an eye on that if we start pushing in one direction or the other. Trade safe and follow your plan.
OANDA:XAUUSD
by rosshayes
XAUUSD 19/11/23Gold sitting within a unconfirmed bearish range was still looking for a swinglow to be created for this range to be validated overall I am expecting price to shift bullish again as fundamentally gold is bullish and this is the first bearish range within an overall bullish delivery within market. Until we have a break of the swing high though we will continue to follow this structure to the downside. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by rosshayes
XAUUSD 12/11/23Gold giving us more bearish price action from last week we had a one bullish range which continued into a bearish order flow which we expected to happen we've now moved lower and we're expecting price to continue bearish into the beginning of this week with a midweek pullback which we will be keeping track of to possibly capitalise on buys overall we are still bearish on gold so use that as a strong indicator. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by rosshayes
XAUUSD 5/11/23Our final markup for this week with our major pairs is of course gold last week we called the Longs from pretty much the low Of Thursday we had a beautiful expansion across Friday session hitting our targets and exceeding them as it stands we've built a lot of liquidity within both sides of the market we did not establish our swing high meaning that this range has not been confirmed as a swing range we have established our swing low which is actually an Asian low which means we will be using caution when it comes to this because there is little to no peer wise unmitigated within this move we're going to be relying solely on our liquidity loads to provide us an entry for longer movements. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by rosshayes
XAUUSD 9/10/23Gold showing us exactly what we want to see from our secondary US pairs a bullish range with a gap at the top now gold is slightly different to our other US secondary pairs as price action has stayed above the gap since creation rather than falling below the gap so in turn we have gapped higher with gold rather than gaping lower like the rest of our pairs now keeping in mind that we have AUS bank holiday today we aren't expecting to see any huge expansions from gold due to the lack of liquidity from New York session as you can see the price action that has occurred since the market open has actually been very sideways creating high level levels of liquidity higher and lower meaning that when we do shift there will be a significant amount of movement behind it overall I'm looking for price to come down and break the low of this massive 5 minute range that we have put in this would also feel our gap from market open and it would lead us into our unmitigated POI where we have a small amount of Inducement, until we get into our later sessions this week I am not expecting a fulfilment of this gap.
OANDA:XAUUSD
by rosshayes
XAUUSD 24/9/23XU is currently sitting in a monster range, we have tracked this thing bearish for the best part of last week, while we expect a bullish move we do have a few blocks stopping us from possibly shifting up into our upper 50% of this range. firstly we have a minor SWH that will act as an internal protected high that could let us find an entry to go higher if we break it, we could also see it shift price deeper towards our low giving us a run of the lows overall iam looking for a break of this high leading us to the untradable POI we have marked. open entries and watching out high is the key for an entry here on gold. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by rosshayes
XAUUSD 17/9/23XU we have another clear example of a bullish swing range but overall, we know gold loves to take liquidity, so we could see the reversal from our unmitigated POI at our SWH but of course if we hit our swing low POI first then we go bullish it means most likely we are going higher. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by rosshayes
2
XAUUSD Gold breakdown 4h timeframeThis past weekend I drew these channels out stating we had tapped a key level of support as well as the bottom of both channels. An anticipation for price to break out, retest it and move towards the upper band/limit of the bigger channel. As it stands, that is exactly how price played out which indicates a bullish swing in price. HOWEVER The current daily candle has no bottom wick. This is important because it means no liquidity has been grabbed. I'm anticipating the high to be printed and then a continuation down after this 4 day rally.
OANDA:XAUUSD
by FriesianFX
XAUUSD 1H timeframe sellsWith the higher timeframes all being bearish, it would make most sense to be looking for sells, especially on the lower timeframes as we do not want to be fighting the trend unless we look on a smaller timeframe. Should we see price close below our key area of support at 1881.9 then I will look for a retest of this level where we can take a sell-limit and aim for a full TP of 1873. This does not mean we won't take partial profits and move stop loss to break even at 10+ pips as risk management is key! For buys I would need to see structure form on the lower timeframe, but right now with us being stuck in a range on higher timeframes it would be risky unless we aimed to trade within the range however something like this could take hours to play out.
OANDA:XAUUSDShort
by FriesianFX
XAUUSD Gold daily timeframe breakdownAs ever with gold, it's a staircase up and elevator down. Price has been bearish since the 8th of august with a new low being created, breaking the lows from June after the March pump and with a high amount of liquidity being grabbed there is definitely a chance for buys here. 1876 on the daily timeframe being respected would be a key area for the weekly candle to reverse/flip where liquidity is being grabbed from the downside and retesting 1900.
OANDA:XAUUSD
by FriesianFX
XAUUSD Gold weekly timeframe breakdownAnother week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support remaining. At this point 1860 is the next level where we could see a rejection however given how price action in the past has reacted to this level I wouldn't be surprised if we drive straight down, but I feel that's not as likely as the bull case of tapping that level and moving back up into the 1900's.
OANDA:XAUUSDShort
by FriesianFX
XAUUSD 13/8/23XU here with another USD correlated setup which of course is showing us a downside bias, but of course we will stay tuned in and see where this really wants to go, overall we are a looking for shorts from to carry on lower into a new range. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by rosshayes