XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway, we expect that GOLD will go UP to 2033 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..
Xauusdsetup
XAUUSD Gold Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of Lower Trend Line and Retracement
Divergence
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Wave
Impulse Corection
XAUUSD Weekly Supply ZoneIn March 2022 Gold peaked to 2068 level which was due to the news of Russia and Ukraine War, but it could not hold the price and then crashed all the way to 1684 zone within few months. Now again the opportunity has come where Gold prices are at peak and everyone is in Fear of missing Out, whereas smart money will try to grab some liquidity from the top and then the prices will land, we might see a sharp wick till the 2070 level or even some more to trap before we land the the ground. Keep an eye on this opportunity.
Xauusd trade ideaThe price of XAUUSD has been trending higher in a well-defined ascending channel, with the upper trendline acting as a resistance level and the lower trendline providing support. Currently, the price is testing the upper trendline and has formed a bullish flag pattern, indicating a potential breakout to the upside.
#XAUUSD-TARGETING 2060-2070 REGION!Dear Traders, NFP is tomorrow!!! therefore what we are looking at the GOLD right now, price showed selling pressure whole day today which express we may come down to 1970 when the data comes out tomorrow. The strong bullish momentum will continue as investors are heavily invested on gold and as we also expect FED to release their decision on interest rates. The possible scenario in here is price may not come entirely to our territory but it should at least comes down to 1980. It will also be interesting how DXY will be behaving until tomorrow's nfp.
-GOLD remain so volatile most of the time, in order for you to stay profitable you must use accurate risk management all the time. Stop loss should not be more than 40+ pips while taking entries on XAUUSD.
-Keep an eye out and trade safe.
Gold Breakdown Analysis 11/04/2023Dear trades gold was so weak today it still correction last move and it still in consolidation look at my last Setup it respected well..I expect price if he came and closed above 1992.32 it will be probability to look for buy because we have a range and if price came and close below 1987.47 you should look for sell wait for price action and be careful with billon economic
Trade safe good luck
XAUUSD BUY PROJECTION AFTER CONSOLIDATION 02.04.23Reason Behind Bullish
Technicals
1. Bullish Engulfing Candle Stick Pattern Confirm Further upward Movement
2. Triangle Ascending Pattern tends to breakout @ 2000
3. Levels S1 1950 S2 1920 R1 2000 R2 2074
Fundamendal
Dxy While retest 104 the XAUUSD reach 1945
After rejection of 104 further Move towards 101 which helps to reach Target
Overall Possible Outcomes
XAUUSD BUY@ 1945-1950
SL 1920
TP 2074
Break Zone - 2000
XAUUSD BUY TREND CONTINUATION 09.04.23Reason Behind Trend Continuation
1. Breaked out the Ascending triangel Pattern @ 1950 and Retesting 1980 Before Making Higher High
2. Bullish Dogo Confirm the Bullish Movement
3. Fundamentally DXY stronger and Make Lower as Low Volume In market
4. Retest the demand Zone and Further Bullish Move
Overall Possible Outcomes
XAUUSD BUY @ 1980-1990
SL 1949
TP 2074
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
Break of Structure
Completed " 1234 " Impulsive Wave
Symmetrical Triangle with " ABC " Corrective Waves acting as an Corrective Pattern in Short Time Frame
Divergence
Impulse Correction Impulse
#XAUUSD= SELL 700 PIPS SETUP!!!Dear Traders, apologies for the last setup which failed as we had news on US JOB MONTHLY report came out to be negative. Right now price is accumulating to continue until 2040-2050 that is our key area where we expect prices to drop significantly to filled up the liquidity voided area.
We also have NFP this week Friday which is be effective.
#XAUUSD- Last Setup Dropped 500+ pips!!Dear Traders, hope you are doing great, our last trade idea dropped 500+ pips price is forming reversal wave pattern indicating a strong bearish outlook ahead. The recent economic event indicates a large sell orders had have been entered from big firm like JPMorgan, which will also be a key data to look out for.
So let's catch up:
-Keep noticing on price momentum and behaviour.
-Keep an extra eye on DXY.
-a PLUS EDGE would be to have AUD strength analysed
Previous key economic event:
Following today's FED meeting; interest rates have been hiked by a quarter point signalling a low economic growth. The SVB crisis also influenced on FED decision. What we are looking with this setup is PRICE TO FALL as we have clear market sentiment backed by strong economic events.
Please like and share and FOLLOW FOR MORE
Good Luck and Happy Trading!!
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel as an Correction in Long Time Frame and Rejecting from the Upper Trend Line
Impulse Correction
S / R Level
Break out the Symmetrical Triangle in Short Time Frame
Divergence
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Double Top
Trend analysis Gold market - H4
Trend analysis of the gold market is giving a potential idea for trading when focusing on ForEx 4H swing trading based on the historical floors and ceilings which all have been identified.
When the price of gold approaches some of these levels , use technical indicators such as RSI "preffered the 4rd" to help confirm potential reversal points.
Incorporated fundamental analysis of gold supply and demand factors do help inform these times for trades.
Ceilling covered calls or buying protective for options , may help manage risk and potentially enhance returns. "Sell a covered call option at a higher strike price if believed the market will not rise above a certain level. Alternatively, buy a protective put option to hedge against potential downside risk.
If focused on swing trading in ForEx , around these historical levels , advantage of the construction power of previous quarters and potential market elevations in the gold market value is a home game winning.
* Remember to always conduct your own research and use proper risk management techniques when trading.
Keeping in sight the 4H for the Gold market in the recent year, it has experienced significant price movements, mantaining it the/a attractive asset for traders and investors.
These are the historical levels (Gold value) that provide insights for potential trading opportunities ;
2070.00" / 2002.00
1917.00 / 1875.00
1809.00
Marked as blue colored horizontal lines , these levels identify the particular value and are backed up by the previos year(s) movement(s) suplly ceilings and demand floors. Looking back coming to this quarter it is only right that the work done , must be at first look forward to and be inspected (again (1stQ high ¹st anual high ?), decide acceptance or grant correcttions.
• " 2002.00 Gold value. The latest high, gave a pretty strong look ahead but corrected as an taking measurements for the next floor. At which it could be a potential starting point for trading the coming quarter(s) , in wich it just might hold stong momentum , constructing a pretty base for "The 2K Gold pice. "
• " The 1917.00 Gold value. The first last floor (low) of the next step in the making , looking back at the beginning of this year , the market price was inspected and accepted as a propper floor to start construction of the next step , 2002. "
• " 1875.00 Gave the ceiling of the previous floor , seeming not stronged enough to mantain presure from above , that is why the
• 1807.00 is the market pice for Gold that is the wel constructed latest floor the market was trading on. Urged is at hand now for the 1800 price the task to stand tall and brave. In the same momentum the 1900 Gold market price should continiou to show its streghnt , willingnes and adoptation for the new the standard , 2K and up. "
As this analysis of the gold market, there are potential trading opportunities using swing trading and short period strategies. However, it is important to conduct thorough research and use proper risk management techniques when trading. As always, past performance is not indicative of future results. Aware of the risks associated with trading , and awerness of the risks associated with trading in the gold market is the note number 1.
Remember to always conduct your own research and use proper risk management techniques when trading. Good luck!