XAUUSD: Gold developments need attention!The price of gold is showing signs of improvement for the second day in a row, bouncing back from its recent low of around 1,915 points on Wednesday. During the early European session, XAU/USD remains in demand and is currently trading at approximately 1,925-1,926 levels. This represents a gain of over 0.30% for the day.
Xauusdsetup
Last Post Update on XAUUSD An UPDATE Regarding the Last Post on XAUUSD:
I forgot to add the reason to the last analysis which i wrote on XAUUSD so I publish a new idea because I'm not a paid user to add the link to the post. By the way the reason to this analysis is these two SSNR which you can draw on Daily time frame. These line Really Matter. I write the old post context in the below for those who didn't see the last post on #XAUUSD
Last Post :
Condition 1: Bearish Movement
If the price movement indicates a bearish trend, we can consider entering a short position between the entry points of 1940-1939 after a pullback. Our first take profit level (TP1) could be set between 1910-1905, while TP2, which serves as a target rather than a fixed TP, could be in the range of 1865-1860. It is crucial to identify a logical level as the stop loss (SL) to manage risk effectively.
Condition 2: Bullish Breakout
In the event of a bullish breakout above the 1905-1910 level, we should exercise caution and wait for a retracement before considering a short position. Once the price retraces to the range of 1953-1951, we can enter a short position. The same set of take profit levels mentioned earlier (TP1 and TP2) can be employed. It's important to adhere to a logical SL level to protect against potential losses.
Please note that given the current downtrend, it is advisable to avoid initiating long (buy) positions during these days. Corrections in a downtrend may provide opportunities for short positions.
Remember to conduct your own analysis and adapt the strategy based on market conditions. Trade wisely and use proper risk management techniques.
#XAUUSD #ShortPosition #BearishTrend #TakeProfit #StopLoss #TradingView
XAUUSD A HEAD AND SHOULDER FORMED hello traders , so as i predicted last week gold perfectly droped to the 1920-1925 area.
unfortunately for me i didnt manage to catch the move i was waiting for a retest for of the 1940s, and that didnt happen so i didnt make anymoney even tho my analysis went +200 pips.
but it is what it is this is apart of trading , there will be more opportunities in the future.
anyways it seems like gold might continue this bullish rally. as we can see the price formed a head and shoulders pattern it is very possible we might see gold drop another 200 pips back to the 1880-1900 area.
here are our bearish clues :
- dollar still too strong
- the head and shoulder formation
- Friday 1D Candle closed as a massive Inverted hammer Rejecting the 1920-1925 zone
the breakout of the neckline will be our confirmation.
also keep in mind this week is very action packed we have alot of stuff coming out like CPI which will determine the fate of the dollar and the direction of Gold .
this is no financial advice just my humble opinion hope you liked the idea make sure to like and follow my trading view i post weekly setups and signals.
XAUUSD Gold 06/09 MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Short Time Frame with Breakout and Rejection from the Upper Trend Line of the Corrective Pattern Falling Wedge in Long Time Frame. Completed " 1234 " Impulsive Wave and we have Break of Structure with Divergence
Gold: Reaching our expected 1950 position
Gold entered the long position at 1938 in the European market, and rebounded and rose as expected. The US market strategy has also been disclosed in advance. Shorting near 1950, plan your transaction, trade your plan, and execute decisively in place. The current price of 1955 is short, and you will reap the rewards! The perfect switch between long and short, two consecutive victories in a day! Perfect!
The current rebound of gold has encountered resistance on the pressure position of the upper rail of Bollinger on the daily line, and there is a possibility of band adjustment! The high probability is the beginning of another short fall! The rebound in the US market continues to be empty! Relying on the pressure of the day's high of 1955, shorting is bearish!
Gold: 1955 empty, 1938 advanced
The support below gold is the 1935 position, the first target area for this decline!
August 31: Gold current price 1945 directly short
Gold recorded a small positive line with a long upper shadow on the daily line yesterday. Gold has rebounded from the bottom of 1884 and has risen for 10 consecutive trading days. The pressure at 1950 is obvious, the 4-hour moving average is passivated, the MACD high is hooked downward, and the red kinetic energy column Shrinkage, top divergence, there are conditions for gold to change. In the early stage of 1890 and 1900, the long-term long-term orders can be profitably exited in 1945, and now 1945 and 1948 can be allocated to open mid-line short positions.
gold
Go short at the current price of 1945, short at 1948, stop loss at 1955, target 1930-midline 1900
crude oil
Go short near the current price of 81.8, short near 82, stop loss at 82.6, target 80.5-80
Gold (XAUUSD), to Short to 1935 Before a upside surge to 1954Gold has been a bullish movement since it broke the 1900/1904 support level on 23rd August.
Yesterday, it managed to overcome the EMA-200 on the 4HR Time frame upside to the 1948.98 price which was rejected by a daily bearish trendline and also the upper trendline of the recent ascending channel.
Price will continue to short by price action to the next significant support (1935) before a possible momentum build up to the 1963.
If the 1935 fails to support the bears, the price could fall further to 1925.
Gold: Today’s rise is within my expectations
After hitting a new high again today, it began to fluctuate. If it is no longer strong, it will become weaker! The current price of US market 1950 is short, bearish callback!
Gold's current rise has touched the early intensive trading pressure area and encountered resistance! There is a need for a callback! The U.S. market is bearish and has pulled back, with support below the 1940 area! More after getting support!
Gold is now in a concussive trend at the bottom of the daily line. It will move between the upper and lower Bollinger rails if it rises or falls! Now that the upper pressure area has been touched, start shorting! The recent market is concentrated in the US market, waiting for the dive!
Gold is what I expected
Strategy: Gold 1940, buy 1950, short buy, you can buy at any time when the points are reached.
XAUUSD: Today!In reality, the Dollar Index (DXY), which tracks the performance of the greenback against a basket of currencies, retreated from its highest level since June 1st on Friday and is seen as a major factor supporting borrowing costs for Gold. The decline in DXY may be due to further declines in US Treasury yields, although the possibility that the Federal Reserve (Fed) will increase interest rates more will help limit any significant declines. In fact, Fed Chairman Jerome Powell stated in a key speech at the Jackson Hole Symposium on Friday that inflation remains too high and central banks are ready to continue raising interest rates to curb persistent high prices.
XAUUSD 1HXAUUSD 1H. It's only my view. Please check your analysis before taking a trade. Lower time frame confirmation would be your best entry.
Orderflow is Bullish
Previous 4 Hour low has been taken
According to IPDA 20 days range.
So bullish move would be an expansion. There are some unfinished business up there that needs to be cleared before the price moves down side.
SL 100 pips, if the price breach more than that, please ignore this trade.
XAUUSD analyzed from 4 Hours to 5m.
GOLD can make you rich and make you wreck as well. Please trade wisely.
XAUUSDon the monthly;
price got rejected three times from the same supply and demand zone indicating a huge supply then we can see from the monthly candle that there is a high supply that pushed prices lower.
the weekly;
price is making structure LL and LH, now price is retracing to the broken daily s/r zone, the trend is bearish.
on the daily ;
price retracing to the broken s/r zone and making a new lower high, the trend is fully bearish with the SMA's confirmation as well.
on the 4h ;
waiting for a price reaction on that d zone, looking for shrinking candles and rejections indicating a loss of momentum, and a confirmation to go look for my entry on the lower timeframes
XAUUSD: Today!The price of gold is facing difficulties in maintaining its recent success, with trading hovering around 1,915 per troy ounce during the Asian session on Friday. The precious metal is currently in the process of rebounding from the losses it experienced over the past four weeks, as investors eagerly anticipate a speech by Jerome Powell, Chairman of the US Federal Reserve (Fed), at the Jackson Hole Symposium.
Gold: Bullish trend in gold today
Gold is now starting to rebound and rise, and it will fall back and continue to be bullish! The upper goal is the 1930 line! Now that the current price of 1915 is high, the US market continues to be bullish!
Gold's apparent decline is now over! The trend broke through the suppression of the downward trend line, and broke through the bottom consolidation pressure yesterday, and continued to expand to new highs today! The short-term is suppressed by the 1920 position, and adjustments and shocks are carried out. The fall is an opportunity to do more again!
More, the current price of 1915 in the US market is directly more, bullish, and the target position above is the daily moving average suppressing the 1930 line!
XAUUSD: Will it be a reversal or a continuation of the downtrendGold price is looking to build onto its recovery and recapture the 1,900 mark, as the Greenback maintains its corrective mode from two-month highs amid mixed fundamental factors. Risk sentiment remains rather cautiously optimistic in Asia this Thursday, as traders cheer overnight gains in US tech stocks after shares of Nvidia jumped 8.5% ahead of Wednesday's earnings report, providing supportive ground for local chipmakers.
Gold: 1890 is more supported today!
The decline of gold is over, and the bottoming or rebound trend is starting! Today started to be more bullish, relying on the support of 1885, stepping back to more low, more around 1890!
Looking at the hourly chart, gold has fluctuated all the way down before, and is suppressed by the moving average. Every time it touches the moving average, it will break a new low! However, the market has been supported by 1885 in the last two days, not only did not continue to break new lows, but also broke through the suppression of the short-term moving average! The market has changed!
Today's gold starts to be low and bullish. The first pressure above is to focus on the 1900 mark, which is also the pressure position where the rebound encounters resistance. The second target is the long-term moving average 1905 pressure! Whether it is a rebound or a bottom shock, pay attention to whether 1905 breaks through!
PLAN GOLD THIS WEEK : 21.8 - 25.8.2023Gold has returned to the Demand zone around 1885. Currently reacting quite strongly to the trend reversal this week.
This week trading we will be more careful with its every move.
Phase A and B are now clearly formed according to Wyckoff's basic cumulative trading range theory. We wait for a Spring point so that we can enter the line, the possibility will be quite nice in the area : 1880 (this area generates 1 ibl - been in for a long time).
Summarize :
- We wait for 1 beat - Spring comes around 1880 + 1 test spring beat.
- Risk Entry : 1880 - 1882 / Stoploss : 1877
- Confirm Entry : wait for Spring and return to Test.
- Target : 1924
Happy new week trading friends!
Gold Price Stalls as Markets Eye Fed's Jackson Hole SymposiumGold prices are trading cautiously around $1,895, affected by factors like US yields, China's economic woes, and anticipation of the Federal Reserve's actions. Investors eye Jerome Powell's upcoming speech for insights into the US economy and the Fed's monetary policy. A disappointing rate cut by the People's Bank of China adds to the complexity. Markets are also looking to US Existing Home Sales data. The intricate scenario calls for caution in investment strategies around Gold.
TRADE IDEA DETAILS
CURRENCY PAIR: XAU/USD (Gold/US Dollar)
CURRENT TREND: Consolidating below $1,900 mark
TRADE SIGNAL: Buy (Based on the current market scenario)
👉ENTRY PRICE: $1,895
✅TAKE PROFIT: $1,920
❌STOP LOSS: $1,880
Fundamental Analysis: The anticipation of a 25 bps interest rate hike by the Fed, mixed with China's economic woes and a lower US Dollar Index, creates a complex but potentially bullish environment for Gold.
Technical Analysis: XAU/USD has shown support around the $1,885 region, with resistance near the $1,900 mark. A potential breakout above this level could lead to an uptrend targeting the next resistance at $1,920.
Economic Indicators: The Jackson Hole Symposium and upcoming US data releases, such as Existing Home Sales, could significantly influence the price action.
Time Frame: The trade is aimed at a short to medium-term horizon, targeting a 1-2 week timeframe, with close monitoring of key economic events.
Gold: Strategies are bullish today
Gold runs within a narrow range, the same rhythm as before, the Asian and European markets adjusted, and the US market fell to a new low! In the early trading, it has been suggested that the pressure of 1896 is empty, and those who have entered the market continue to hold the empty order. The current price of 1892 that has not entered the market continues to be empty, and 1887 continues to rise a few points
The trend is down, and the ladder is going down continuously, expanding the space below! After the shock, there will be another new low, and the gap below 1870 may be the position where the market stops falling! Before this position is touched or a strong rebound breaks through the current downtrend suppression line, continue to be bearish to the end!
1887 The current price continues to rise, enter when the bullish point is reached
1892 The current price continues to be empty, bearish! Continue to look at new lows!