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XAUUSD is forming a bearish New Day Opening Gap on the daily chart, activating the last Thursday pennant of a continuation of the recent downtrend. I explained this setup in my previous published on XAUUSD. OANDA:XAUUSD that you can review on the link below. Technical Setup: On the Daily chart you can see how the price action took the liquidity above the...

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OANDA:XAUUSD XAUUSD is forming a bearish pennant flag on the daily chart, signaling a potential continuation of the recent downtrend. However, with US inflation data due to be released later today, volatility could increase, offering a possible pullback before resuming the broader trend. Inflation data often affects gold as it impacts interest rate...

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As this trading week opens, XAUUSD OANDA:XAUUSD presents a clear example of one of the Smart Money Techniques (SMT): Divergence. By observing the recent price action, we can identify an interesting shift in the market structure. After the Non-Farm Payroll (NFP) report, XAUUSD surged to the 2670 level before reversing sharply. Normally, after forming a lower...

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OANDA:XAUUSD Gold (USD) appears to be preparing for a continuation of its bearish trend, as it seeks to gather sufficient liquidity to trigger the next leg of its zigzag decline. In a previous accurate analysis (see the link below), I discussed the mechanics of this zigzag pattern in relation to Gold USD. It seems that Gold USD is still working to attract...

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CAPITALCOM:GOLD Gold USD dropped steeply from an All time High to the 2628 on Monday. Many traders are betting on getting more on the way to further down but let's keep in mind something about market movements. A bearish zigzag is formed by 3 steps repeating themselves: Impulse - Correction - Continuation with Break of Structure But in the yesterday price...

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FOREXCOM:XAUUSD Current market structure: A strong bounce from the 2494-2495 support zone on September 5th. A bullish breakout above the 2505-2506 resistance area. Price reached a high of 2523, marking a significant upper target. A retracement to test the previous resistance (2505-2506) as new support. Formation of a new higher high, indicating continued...

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FXOPEN:XAUUSD Bullish Scenario (60% Probability): Wait for Pullback and Confirmation: Wait for the price to pull back to the 2320 USD support level or lower. Look for bullish candlestick patterns (e.g., bullish engulfing, pin bar) at or near the 2320 USD support level. Enter a long position on a confirmed pullback to 2320 USD with bullish confirmation. Stop...

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Following my successful today's trade on FOREXCOM:XAUUSD , price action overpassed the bottom of the zigzag structure. I am expecting a limited pullback to the 2329 price area before going further south

parisseine Updated 

FX:XAUUSD The FED minutes hawkish tone is currently pushing negatively on the XAU/USD underlying bullish momentum. A renew dig under the 2340 support level is on the way . That wave started by a breakout at 2357 to reach potentially a first negative target at 2331. It's now to early to place a bullish bet as a 2324 second negative target could be reached later...

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FXOPEN:XAUUSD Monday opening session is hovering around the 2358 price level. As no bullish attempts to be seen so far, it opens the door for a deeper pullback that can ping the 2352 before a new upside target in the 2390 price area. A stable breakout of 2364 resistance will negate this pullback.

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OANDA:XAUUSD After an awesome forecast of a move to 2075 in a previous idea I was too busy to publish to take advantage of the Bullish extension that reached the 2150 price area before dramatically crashing. This crash can be explained by the Liquidity void during this price surge. Market ineffeciencies and volume imbalances lead to this rocket ascension then...

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OANDA:XAUUSD A break above 2047 resistance would confirm the resumption of the rally towards the next key target at 2075.25. This underlines 2047 as a pivotal breakout level to turn the outlook more bullish. Near-term, the expected trading range for today is between 2035 support and 2050 resistance. Within this band, traders may look for optimal risk/reward...

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OANDA:XAUUSD Consolidating below major high to absorb buy liquidity before deeper pullback. Interpreting Liquidity Dynamics in Gold's Advance to 2052 Resistance: Today's daily high of 2052.06 on November 29th reached the major buy-side liquidity zone of the May 4th, 2023 daily high of 2067. * Reaching this historical level has likely triggered profit-taking by...

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OANDA:XAUUSD It is a work in progress I trained a bot for price action analysis based on High and Low Pivot Points. It outlines an approach for intraday price action analysis of currency pairs based solely on unconfirmed high and low pivot points. The goal is to facilitate rapid assessment while incorporating continuous feedback to refine the...

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OANDA:XAUUSD Considering the market opening gap and the 1985 rejection mentioned in my previous idea, it comes as no surprise to witness Gold breaking out to the downside. After diving through the 1975 and 1972 demand zones, I anticipated a displacement, and that expectation has been realized to ping 1965. I am currently seeking a Short entry below the Daily...

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OANDA:XAUUSD The Asian opening session offered a promising $10 Long opportunity, rebounding from the 1975 Demand zone. Despite the positive momentum able to counter this corrective wave, the Morning Opening Gap on the downside, coupled with a rejection of the 1985 consolidation zone, could pose a headwind for reaching the anticipated upside targets of 2000 and...

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OANDA:XAUUSD Yesterday I wrote about the current corrective price action on Gold. Impulse and correction are the steps of the price zigzag. That's why I mentioned a swing yesterday. The Short side is still active despite the very positive trend of Gold trying to go through the now Resistance zone in the 1961-1962 price area. The outcome for today depends on...

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OANDA:XAUUSD As you can see, the price action is revisiting all significant price areas. Currently, Gold ( FXOPEN:XAUUSD ) is hovering above my yesterday's long target at 1962. I am currently in a short position from what I see as a Buy Side liquidity Sweep above 1964, awaiting a sell-side fakeout type of move that can occur under the necessary conditions to...