XAUUSD Has a long-term downfall just begun?Gold (XAUUSD) is on a red 1W candle as we trade on the last day of the week. If the candle closes in red, it will be the first losing week after 6 straight green (since December 12). This is the bigger picture on the 1W time-frame and as you see it has been a Channel Down since the August 2021 All Time High.
It is a bit early to say but this week's rejection exactly at the top (Lower Highs trend-line) of the Channel Down, is the first signal we need to consider that the market trend may be shifting. The confirmation in the previous two bearish legs (downtrends) of this Channel Down came when the 1W RSI broke below its MA (red trend-line). Following that break-out, the price never looked back and made a Lower Low at the bottom of the Channel.
It is interesting to see that the downtrend of August - February 2021 matches almost perfectly with the downtrend of March - September 2022. For projection purposes we have plotted it on the current price action as well. We can see that a bounce isn't likely before breaking the 1W MA50 (blue trend-line) and approaching the 1W MA200 (orange trend-line).
It is also useful to mention that the two downtrends have lasted almost the same time, 2021 one 31 weeks (217 days) and 2022 29 weeks (203 days). An average of 30 weeks this time would time the next Low around August 28 2023.
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Xauusdsignals
XAUUSD 1H Death Cross and the break-out levelsGold (XAUUSD) is close to forming a strong bearish pattern on the 1H time-frame, the Death Cross, which is when the 1H MA50 (blue trend-line) crosses below the 1H MA200 (orange trend-line). Last time it formed this was a month ago (December 26).
This is the first bearish signal on Gold in a long time and we are going to approach this by candle closings and Resistance/ Support levels. In the past 7 days, all 1H candles have closed above the 1919.50 Support (1) so we will go short upon a closing below it and target the Higher Lows trend-line (1) and the 4H MA100 (red trend-line). We are willing to extend this selling only if we close a candle below the 1911 Support (2) and target Support 3 (1895.50), where contact will most likely be made with 4H MA200 (yellow trend-line), which is the long-term Support during such uptrends.
Similarly, a break above the 1935 Resistance (1) will be a buy signal, targeting Resistance 2 (1949.50).
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XAUUSD | New perspective | follow-up detailsThis is video is a follow-up to the previous analysis on the XAUUSD where we close to the week with over 4,000 pips profit from multiple entries (see link below for reference purposes). Gold prices maintained their bullish traction for a fifth straight week in a row as bullish investors continue to push higher highs since the beginning of the year hereby closing last week's trading session around the $1,925 zone. Throughout the course of last week's trading session, Gold appears to be facing some strong resistance at $1,940 with a technical inclination that a retracement phase is long overdue at this juncture. We can not ignore the possibility of a breakout of the $1,940 level to incite another wave of bullish momentum. So, in this video, we have identified how to position ourselves in such a way that we can catch any of these moves.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD Channel Up at the limitGold (XAUUSD) is now at the bottom (Higher Lows trend-line) of the 1-month Channel Up. It has been closing above the 4H MA50 (blue trend-line) since December 28, above the 4H MA100 (green trend-line) since December 15 and above the 4H MA200 (orange trend-line) since November 04! Needless to say, a closing below each MA would target the one below it.
As long as the Channel Up and 4H MA50 hold, we see a recurring +3.00% rise, three straight times, which at the moment targets 1955, where the April 22 2022 High was formed. The 4H RSI being on its Support Zone, is also a buy signal for as long as it holds and a sell if it breaks.
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XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to our previous analysis of XAUUSS, GOLD went UP very fast in the previous weeks. Because of the NEGATIVE SENTIMENT against the dollar, US10Y went down due to this. Then I automatically bought GOLD.
But the last day all those INFLATION INDICATORS were NEGATIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway we expect that GOLD will go UP to 1975 LEVEL. Before that, GOLD may go down to the 1892 level with the FOMC UPDATE. Be careful..
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down.
The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored.
But the last day all those ECONOMIC INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, we expect GOLD to go UP to 1975 LEVEL. Before that, GOLD may go down to the 1898 level with the FOMC UPDATE. Be careful..
XAUUSD This level separates buying from sellingGold (XAUUSD) is overextending its long-term bullish trend which we first called on our early November idea:
The overextension is being done within a Channel Up (green) pattern after the broke above the October 04 2022 Higher Highs and after the 1D RSI turned overbought above the 70.000 barrier on January 12. As long as the Channel Up holds, the price should aim at a new +3.00% (at least) Higher High extension, translated into a 1955 target.
A closing below the Channel Up though, should target the last known bounce level of January 05, the 4H MA50 (blue trend-line) and then the 4H MA100 (green trend-line), which last made contact with on December 23. However given the fact that overextensions typically burst more emphatically, they test lower support levels. As a result, in our opinion, the next Support level will most likely be the zone within the 4H MA200 (orange trend-line) and 1D MA50 (red trend-line).
A daily close below the 1D MA50 opens the way for the 1D MA200 (yellow trend-line), which is the strongest long-term buy level, but less likely to get tested. Another long-term buy indicator to look out for is when the 1D RSI approaches the 30.000 oversold barrier.
In both cases, the long term target is the 0.786 Fibonacci retracement level at 1972.
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XAUUSD- SELL AT LEAST 500 PIPS SETUP!!-Price is expected to hit around 1900 region before it drops, however, 1880 region is crucial and many orders would have been place. That is the region why I think price will create a strong high before it reject and reverse.
-In order for this trade to work DXY must follow our expect price action.
XAUUSD | New perspective | follow-up detailsThis is a follow-up video to the last week's analysis on the XAUUSD where we scooped over 4,000 pips profit to start the year on a positive note. Gold appears to be on the verge of recovery as price action breaks out of a strong supply zone ($1,820) for the first time in months to send a signal of new hope. In this video, we look at the current market structure from a technical standpoint and have decided to utilize the $1,860 level as the basis for trading opportunities this week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down.
The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored.
But the last day all those ECONOMIC INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway we expect that GOLD will go UP to 1935 LEVEL. Before that, GOLD may go down to the 1850 LEVEL with the FOMC UPDATE. Be careful..
XAUUSD GoldPair :- XAUUSD ( Gold / U.S Dollar )
Description :-
Rising Wedge as a Corrective Pattern in Long Time Frame and Rejecting from the Lower Trend Line
Completed " ABC " Corrective Wave
Bearish Channel as a Correction in Short Time Frame
Breakout the Upper Trend Line and Retest
Break of Structure
XAUUSD Hit the June 2022 High. Potential pull-back.Gold (XAUUSD) hit the 1880 Resistance, which was formed on the June 12 2022 High. As we mentioned in previous analysis the region within the October 04 Higher Highs and the 1880 June High is a strong Supply Zone and as you saw it already gave a short-term rejection.
If it fails to close a 1D candle above it, we are more likely to see a pull-back first towards the 4H MA50 (red trend-line) and then the 4H MA200 (green trend-line) and eventually the 1D MA50 (blue trend-line), which has been intact for 2 months (since November 08 2022). The 1D RSI also hit its Lower Highs trend-line that started on the November 15 High, indicating that we are on a major medium-term Resistance.
On the other hand, if Gold closes above the 1880 Resistance, expect a quick test of the 0.618 long-term Fibonacci at 1896 followed by the 1910 and 1920 May 05 and April 29 Highs respectively.
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XAUUSD | New perspective for the new week/yearThe channel between $1,820 and $1,780 last month reveals there's uncertainty about the fundamentals around the Gold. As the new year begins, there is a tendency to be some level of fear in the market as portfolio managers and traders will not want to be in a real risk-on position, especially in a week that is laced with key macroeconomic events. From a long-term and technical standpoint, this video illustrates how we shall be planning potential trading opportunities using the $1,800 zone as a guide.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD 1D RSI Bearish Divergence before the Golden Cross.Gold (XAUUSD) is about to form a Golden Cross on the 1D time-frame (around next week), which is the bullish pattern when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). The price has been trading within a Channel Up pattern, while at the same time the 1D RSI has been within a Channel Down. This is a technical Bearish Divergence.
A similar price action was last spotted around the January 15 2019 Golden Cross. Gold was again recovering within a Channel Up on an RSI Bearish Divergence, with the price having breached the 0.618 Fibonacci retracement level just before the Golden Cross. After a short 3-week pull-back, Gold resumed the uptrend even above the 0.786 Fib, and a little before completing the full reversal. Then it made a 2-month correction below the 1D MA50 and towards the 1D MA200.
This time however, the price hasn't made contact with the 1D MA50 at all in 2 months (since November 07 2022). If the USD and the US10Y search for their own 1D MA50, it is possible to see the price test 1D MA50 before rising further. In any case, keep dry powder for that, but the long-term trend remains bullish, which is something we projected would happen on our November 07 2022 analysis, after spotting the Triple Bottom on the RSI Higher Lows:
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XAUUSD Pull-back expected. See where you can buy.Gold (XAUUSD) gave us another excellent buy entry on our most recent analysis last week (December 28) as we caught the exact low entry on the 4H MA50 (red tredn-line) and hit our 1830 target:
The price made a Higher High at the top of the Channel Up (green) that started after the November 15 High, exactly at 1850. The Double Sell signal was triggered not just because of this Higher High but also because the 4H RSI hit (even broke) its 2 month Lower Highs Resistance. This turns into a buy once the RSI enters the low dotted Higher Lows trend-line.
In price terms this should be within the 4H MA50 and 4H MA200 (green trend-line) and with a new buy positions we will target the 1850 - 1860 zone. A closing below the 4H MA200 should put to test the 1D MA50 (blue trend-line), which is the long-term Support for Gold on this 2-month uptrend.
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XAUUSDHELLO everyone and welcome back, Happy new year!!!
This is my first trading idea for the year. am expect xauusd to continue to rally up towards 1833 before we can consider any form of shorting it. from the reaction we get at the next resistance which is 1833 will determine if the bulls will continue or not.
my bias on XAUUSD for now remains neutral till price get to any of the price levels of interests marked out on the charts
IF you are just seeing my post for the first time do well to check on my previous publications on XAUUSD.
XAUUSD | New Perspective | Follow-up detailsThis is a follow-up video to my previous analysis on the XAUUSD where we closed the week with over 4,000 pips in profit (see link below for reference purposes). Gold prices fell further away from the key level at $1,800 last week as concerns over rising interest rates and a potential recession in 2023 saw investors pivot into the dollar and Treasury yields. Despite a uniform bullish momentum since September, the selling pressure noticed at the beginning of this month which is followed by a consolidation phase between $1,820 and $1,785 has the potential of breaking down the bullish trendline to incite a sell-off in the coming week(s). So, this week shall see us using the key level at the $1,800 level as a yardstick for trading opportunities.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Gold: possible head and shoulder on smaller timeframe likely to Gold likely to retest 1821-30s if the head and and shoulder pattern on smaller time is not broken. But dollar still incharge in higher time frame outlook. A move to 1799.74 will be a nice buy for intraday trade with target to 1816 1821 1830s. Above 1830 we start looking for a selling opportunity. Good luck with that
Don't forget to drop ur opinion
XAUUSD Still within a medium-term Channel UpSince November 15 there hasn't been a more accurate pattern on Gold (XAUUSD) offering solid buy and sell levels:
As you see, the price made two excellent technical rebounds on the bottom of the Channel Up since our last analysis and yesterday made a new Higher High. The 4H RSI Triangle pattern did its job well again and at the moment, the price marginally broke the dotted buy zone and seems to be rebounding. Even though the price can drop into the 1790 - 1785 zone before rebounding, this is a good level to start building up buy positions and target 1830.
A break and close below the 4H MA200 (green trend-line) would however turn the medium-term momentum bearish towards the 1D MA50 (blue trend-line) which is the ultimate long-term Support during uptrends.
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