Gold Analysis and Trade Idea for 30-09-2022Plan A
Sell stop: 1658.00
SL: 1670
TP1: 1652
TP2: 1646
TP3: 1640
Plan B
Wait for candle chart to give indication of going up over 1660.
1660 is a defining point.
Long Gold: Wait for next call
SL: 0.00
TP1: 0.00
TP2: 0.00
TP3: 0.00
Bearish
- Current price is 1660, weekly high pressure
- Mostly news are coming bad for gold
- Gold is bearish, according to the daily chart.
- Monthly candle is overall bearish and can slip further down.
Bullish
- As Per 4H chart Gold can move further up
- Gold is above 200 SMA
- 1670 Strong resistance level
Goldusd
Gold short trade updateIn this video, I'll go over just a quick recap of a trade I took earlier, you can find it in my trade ideas, I do go over my reason for taking the trade.
DISCL⚠️IMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Gold Trend 29/09Gold rebounded from the new 2-year low. The price has been consolidating during the Asian and European sessions after the market opened at 1628 yesterday. Once the news from BOE hit the market, the surge began. At the US session opening, buying came into the market and cleared the resistance at the trendline(1). The price jumped to the day-high at 1662, with the day ending at 1659, up by USD 31.
The S-T bearish trend has ended as the price trades again above the critical 1650 support. Before it clears the current resistnace at 1660, the price is now trapped in the tight range of 1650-60(1). If the market picks up the bullish momentum later in the European and US sessions, the upside target can again be set at the upper limit of the 1660-90 range.
The gain yesterday formed a clear reversal signal. The following key resistance is now sitting at 1665(4); once it's clear, the upside target can be set at the upper limit of the downtrend channel(5) or the 20-day MA (6).
S-T Resistances:
1676
1665
1660
Market price: 1653
S-T Supports:
1650
1640
1630-28
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P. To
Gold Trend 27/09 - 30/09Gold tested a new 2-year low yesterday. Back from the weekend, gold has dropped to the early low near 1626 in the Asian session. However, the price has quickly rebounded. At the European session, it already reached the day-high at near 1649. Selling resumed in the late US session, where the day ended near the day-low at 1622.
The overall trend in the 1-hour chart is now bearish after the price cleared the 1650(1) support last Friday. Selling momentum so far isn't too strong; an S-T downtrend channel(2) has been formed. Before the price consolidates further, clearing the support at 1620, the downtrend channel(2) can be used as a reference while trading with the 1620-50(3) range.
While the downtrend channel(5) still affects gold's movement, the price has been moving lower tier by tier(4) on the daily chart. The range for each tier is approximately USD40 in the past 4 weeks. Expect the price to be bounded between 1610-50(4.1) temporary before the next move for now.
S-T Resistance:
1650
1645-46
1638-40
Market price: 1633
S-T Supports:
1630
1624
1620
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P. To
a re-visit on gold gold is holding very strongly with a massive healthy wedge forming possibly on top of a multi-year cup and handle - if my autism is calibrated correctly, we are looking at a minimum of $2700/oz for our favorite shiny boomer rock
inflation is high, rates are low; fed is in an impossible situation. save the dollar and crash the economy? or crash the dollar and save the economy in nominal terms? gold under 2k in today's economic climate seems silly cheap in any case.
GOLD (XAUUSD): Key Levels to Watch This Week 🟡
On a today's live stream, we discussed Gold.
Here is my fresh technical outlook on that:
The price is currently stuck on a broken falling trend line.
It is a minor support from where the market may slightly recover.
The closest resistance that I see is 1680 - 1697 horizontal supply area.
A bit higher, we have an upper boundary of a falling parallel channel.
These 2 structure compose a contracting sell zone from where I will expect the next trend-following move.
The closest minor support is a lower boundary of a channel.
Being reached, I will expect a pullback from that.
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GOLD SHORTd; bearish got rejected from the daily s/r zone
4h; bearish and its done retracing
confluences;
break the structure with a heavy momentum
break the support zone
below the emas
trading with the big trend
1h ; below the emas
breaking with an engulfing candle and that would be my entry
SL; above structure
TP; next tp
GOLD another snipper entry opportunity!!GOLD 4h in the first session of the week, has broken down as expected from the previous support after the liquidity grab. In the first session, the price is printing a bearish candle that has a very high probability to continue to drop as the long-term trend is down, such a bearish candle with liquidity grab below the weekly support zone signaling us to take a snipper entry!
GOLD H1 : DOLLAR NEWS ?Hi traders, GOLD is setting up for a downside move it's trying to create a traingle. If traingle get's break for upside then price can drop from the upper mentioned area.
Remember today is a dollar FOMC and others news, so be careful anything can happen my analysis is not combined with fundamental this is just a technical view GOOD LUCK.
XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - M45
According to the Pattern in Long Time Frame #LTF H2 we have Bullish Channel and its Rejecting from the Lower Trend Line #LTL
It is also following Bullish Channel in Short Time Frame #STF
Buying Divergence in RSI
We need Rejection from 1632 - 1624
Gold Road mapping IdeaGold has made a new low.
1) We can create a new order block range at this new low (consolidation)
2) pullback plays above 1728 headed towards 1742 where, if it breaks, can pullback to 1757 where we had previous order block range lows
3) a clean break and close of 1723 will see continue downside
USD has been dominating, no reason to fight it.
XAUUSD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find a 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 (XAUUSD): Important Breakout & What is Next 🟡
Hey traders,
Gold broke and closed below a key weekly demand cluster.
That violation is a very strong bearish trigger and it will push the market much lower.
Zooming in the chart, I spotted a falling parallel channel.
I suppose that the price will keep falling within its boundaries.
Next supports: 1600 / 1550
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Please, support my work with like, thank you!❤️