Gold (XAUUSD): The Structure to Watch 🟡
Hey traders,
Gold keeps growing.
Analyzing the key levels on a weekly time frame, I spotted 1870 - 1920 area.
It is a major supply zone from where we will expect the next pullback.
Patiently wait for the test of that area and then wait for a confirmation to sell.
I will post an update once I spot a confirmation.
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Goldusd
XAUUSD top-down analysis,UPDATEDHello 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.
GOLD January 2023 Volatility Analysis GOLD January 2023 Volatility Analysis
Currently the volatility for GOLD is at 4.46%, down from 4.48% last month.
From the volatility current percentile we are located on 25th place, and based on this we can expect the monthly candle to make the next aprox movement:
Bullish : 4.782%
Bearish : 2.385%
With this in mind we have currently 73.2% that the market is going to stay within the next channel
TOP Limit: 1905
BOT Limit: 1741
If we are going to take a look into the previous monthly high and low points, currently there is a :
71.08% to hit the previous monthly high
26.93% to hit the previous monthly low
Lastly from the technical analysis point of view, currently
Weekly Timeframe : 80% of rating moving averages is indicating BULLISH
Monthly Timeframe : 92.73% of rating moving averages is indicating BULLISH
Gold Ascending ChannelGold, which has been in the ascending channel for weeks, has risen to the upper resistance of the channel again. A voluminous breakdown of this resistance will target the $1868 resistance. With the rejection of the resistance, if the $1820 support is broken, a return to the $1800 levels may come.
GOLD (XAUUSD): 2 Scenarios For Next Week Explained🥇
Hey traders,
Analyzing a price action on a daily time frame, I see 2 potential scenarios for Gold for next week.
Bearish Scenario
From a sellers' perspective, the price formed a rising wedge pattern.
Its support breakout (daily candle close below) will be a strong bearish signal.
I will expect a bearish movement at least to 1788 then.
Bullish Scenarios
From a buyers' perspective, however, I see a classic ascending triangle.
1817 - 1833 is its neckline. If the price breaks and closes above that on a daily,
a bullish continuation will be expected. Next goal will be 1860.
Wait for a breakout, that will clarify the future direction of the market.
What do you expect?
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GOLD ANALYSIS GOLD Daily Timeframe, What happening now is the re-accumulation which usually signifies two things, The trend about to continue with a very strong bullish move or a deep retracement about to happen ,so for that scenario price is accumulating toward 1848 point of imbalance, which might try to hold the price and maybe cause a deep a pullback to around 1700 ,Or if that imbalance is taken out then price could rally to 2000
Gold (XAUUSD): Still Bearish Outlook 🟡
Gold has formed 3 doji candles in a row on a key weekly structure resistance.
After a multiple attempts to break the underlined area, the price is still stuck within.
I believe that bears may push the market after holidays.
Be prepared for a bearish wave.
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Gold (XAUUSD): Before The Market Closes 🟡
The last update for Gold before Christmas!
As I told you many times: the price is stuck on a key weekly structure.
The price formed 2 doji candles on that, signifying the weakness of bulls.
Analysing the price action on a daily, we may spot a sharp bullish impulse that initiated in November.
However, closer the market was to the underlined resistance, slower it became.
The price formed a rising wedge pattern, approaching that resistance.
Yesterday, gold has nicely retraced from that, setting an equal high.
While the market remains weak, I believe that the price will keep trading within the boundaries of the wedge.
You can consider scalping its boundaries, or you can wait for a bearish breakout of its support (daily candle close below) to short.
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Gold Is Strong Bullish TrendGold Is Strong Bullish Trend We Find A Best Bullish Trend setup ..
If market Reach Level 1810-1800 We Can Enter a Buy Position With Smart Stoploss And Our Take Profits is 1820 and 1850
=Alternative Scenario
If market close Below 1800 level We Can Find A Short term Trade Our Target Is Our Target Is 1785 And 1770
Best of luck 🤞☺️
20 Reason for buy Gold right now 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Super bullish
2 📆Monthly: the current trend is bear, but the market is in the corrective phase right now
3 📅Weekly: formed an inducement right now market in their sideways phase
4 🕛Daily: A clean bull trend with the proper formation and previous supports
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: elite correction wave
7: 3 Volume: bullish control
8: 4 Momentum UNCONVENTIONAL Rsi: sideways, yet we just need close above 60; then next move will confirm
9: 5 Volatility measure Bollinger bands: middle band support on the bullish side
10: 6 Strength ADX: bull are in strength
11: 7 Sentiment ROC: gold is stronger then USD
✔️ Entry Time Frame: h4
12: Entry TF Structure: bullish
13: entry move: impulse
14: Support resistance base: 2 times supported at daily OB
15: FIB: trigger event occurred
☑️ final comments: FVG filled out so we can buy now
16: 💡decision: buy
17: 🚀Entry:1801
18: ✋Stop losel: 1783
19: 🎯Take profit:1900
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration : 3 months
there are many other reason also
FOMC Rates Decision and the Effect on Gold**Repost from Dec 13th 2022 since the original post disappeared**
Economic indicators from the past month indicate that the price of services is the key factor that helps prevent a rapid decline in inflation , although the price of goods had already dropped considerably and the labor market remained strong, showing no signs of slowing down the inflation rate.
ECONOMICS:USCPMI
In the graph above, one of the key economic indicators, the ISM Service Sector Index for the month of November, accelerated to 56.5, above the forecasted rate of 53.5 and the previous month's level of 54.4. Despite the rise in interest rates from the FED, the ISM indicated that the services sector is still going strong, correlating with the positive outcome in labor market data.
FOMC Rates Decision 15 December 2022
Previous = 3.75-4.00% - Prediction from Bloomberg, OE, Forex Factory, Trading Economics = 4.25-4.50%
Bloomberg, Oxford Economics, the Forex Factory, and Trading Economics predict that the Federal Reserve's interest rate will rise by 0.50%. The market forecast for the highest interest rate as of December 9, 2022 is 4.75-5.00% in May 2023, with a gradual decrease beginning in the third quarter of 2023.
However, because the services sector has been performing well, the FED's interest rate cut may come later than expected by the market. Thus, from a fundamental standpoint, the USD is expected to continue appreciating, albeit not as strongly as in recent months. On the other hand, the gold price is expected to fall.
Gold (XAUUSD): Bearish Outlook For Next Week 🟡
Hey traders,
Gold has nicely dropped this week.
The price broke and closed below a support line of a rising wedge pattern with a high momentum bullish candle.
I believe that we may expect a bearish continuation next week.
Next support on focus will be 1760 - 1769 area.
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Please, support my work with like, thank you!❤️
🥇Gold🥇 Analyze (Short term, 12/15/2022)!!!Gold completed the rising wedge pattern on the resistance zone.
Gold was able to break the lower line of the rising wedge pattern with a red candle with a long body.
I expect Gold will go down at least until the support zone.
Gold Analyze ( XAUUSD ), Timeframe 2H⏰.
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