Potential XAUUSD Short - FED rate moveThe break of the level 1757-62 can result in the price of XAUUSD falling into the 1740s, further break can lead to 1730s or even lower. A lot of liquidity below 1762. Bullish sentiment is very high. Most broker sentiments shows 70% + clients being net long vs 20-30% net short, as well as change in percent of 17-22% from sell sentiment to buy sentiment this week. These buys ideas can potentially be liquidated.
Downside Key levels :
-1757
-1744
-1737
-1729
Upside Key levels :
-1775.5
-1784
-1895
Trade safe, Have a good holiday. Market can be very volatile nearing the end of the quarter.
This is not a financial Advice.
Xausud
GOLD BIG TRIANGLE SETUPGOLD
Above is a technical view on XAUUSD and the most important zones to take in consideration.
Price has been accumulating in the 1800 zone and has yet to break it.
Furthermore, the selling pressure today looks about right on the h4 and Daily timeframe. The main goal currently is to retest the major resistance of the 1750-1760 zone.
XAUUSD is at the top of a bearish channel on the 4h chart after hitting 32 fib retracement.
On a Daily chart we have big triangle formation and we are looking for price action around to 1820-1840.
From this resistance area we can looking forward to selliing confirmation.
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XAUUSDRetail 66% long looking for there SL to be hit a test of 1832 based on the DXY strength at this moment.
I am long term gold and will be hunting for longs down at 1826 - 1834.
I do not see the market giving retail simple easy bull run, this will happen after they have been stopped out and a retrace has been completed
Gold November 2021 Projection UPDATEObserve how the 1.618 CD extension from the internal ABCD (white color) coincides with the 1.272 extension of the external XABCD (orange color). I personally believe that after a short correction in the 0.618 retracement level (marked in red circle), gold price will expand to the 1.272 extension, making a possible reversal point if a Gartley sell pattern takes form.
GOLD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 | COULD THIS SQUEEZE LEAD TO ANOTHER BEAR MOVEMENTHey Traders,
XAUUSD (gold) seems to be in a consolidation between 1810 - 1795 price level, if it manages to break through the recent support we will see a push exhaustion push scenario and likely going to fall down to test monthly moving averages.
I've been in this trade for a while and have had good scalping opportunities while its consolidation like this, maybe try using a smaller timeframe with 9 moving average when it bounces off the top off consolidation for a good short trade.
Please also remember, GOLD is usually a BUY trade its always better to buy rather than sell, however, it does have its bear runs and I believe the bear run has not yet finished. :)
GOLD (XAUUSD) | Two great points to enter the downtrend🎯Hello traders, Gold has a resistance level of 1795 in the 1 hour time frame, which if it crosses that area, it will go to the next level (a is equal to c, at the price of 1800, which I specified in the next analysis).
And if it crosses that area, it leaves the channel and the analysis becomes invalid.
Friends, if you are interested in putting a signal at the bottom of each analysis, write in the comments✍🏻
❤️Please, support this idea with a like and comment!❤️
Gold testing a crucial 0618 🦐Gold on the daily chart reached the weekly support as expected from our previous analysis.
The price closes the week around the 0.618 Fibonacci retracement level near the ascending weekly trendline.
We can expect at the beginning of next week some retracements to the upside around the 1810 area.
The commodity will be on our radar to check a new opportunity at the inversion according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GOLD > Trend Prediction and Sell Entry!!Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Analysis on #XAUUSD
the market now is at a short-term support level, we could actually see a relief rally from here but it will get rejected, may at 1790-1800, the next level of resistance is 1810, do I want to buy? NO.
I have been consistently posting about gold and in every post, I caution about buying the market, I will leave the links to my previous post which you can read all about it.
am sure you have heard about the say, "the trend is your friend", the trend FOR ME is to the downside fundamentally and technically.
now we are below the 200MA, broken many important levels, and looking for more downside possible.
The best place for me to sell will be 1810, previous support level now turned to a resistance level, but we may not go there, so I will also consider 1790-1800 for a sell if provided a valid reason to enter a sell trade.
Check today analysis below⠀
>>“There is no single market secret to discover, no single correct way to trade the markets.”
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you