Xauusdsignals
Signal Gold, XAUUSD 27/10/2022You are and have been following my strategy since the beginning of the week buy in position 1643 and area 1633, we continue to hold long position. Waiting to take profit at position 1693 and 1711. We will move Stop Loss to 1648 area to preserve profit.
My strategy today is to buy at 1663 zone with small volume waiting to take profit in 1681 and 1693 area. Stop loss 1653.
Signal Gold, XAUUSD 25/10/2022Gold met the 1643 support zone where there was a strong reaction of buyers. Currently, Gold price is at 1653 H1 chart showing growth signal. At the end of the 4-hour tree, the gold price closed above 1654, confirming that the gold price continued to grow to the 1673 resistance area today.
Conclusion to buy when H4 closes above 1654
Buy 1651-1653
TP:1671
XAUUSD Bullish Flag repeating prior fractal. $1690 next?Gold (XAUUSD) largely confirmed our sell signal below the 4H MA50 (blue trend-line) on our last week analysis:
1620 was hit and the price bottomed on Lower Lows while the 4H RSI was on Higher Lows, with this Bullish Divergence signaling the most optimal buy entry. As you see, the same Bullish Divergence was formed on September 28, with Gold rebounding instantly back to the 4H MA50, which is exactly what took place last Friday. The price is now waving a Bull Flag below the 4H MA50 again and if the pattern continues to repeat, we can expect a new rally wave targeting the 1D MA50 (which is currently at 1695) and the dashed Lower Highs trend-line from the October 04 High. The top of the long-term Channel Up (green) gives an upside limit at 1710.
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XAUUSDXauusd currently trading 1670, the current resistance is 1670 if price continue to trade below this resistance and on this supply zone i will be going short once price pull up to 1663 to 1669 .
but once the 1670 resistance breaks I will be looking forward for price to pull up further upward to 1680 before drooping back down to retest the broken resistance
on the daily time frame you can see the descending channel and 1680 is a major price point of interest, so expect the drop back down
XAUUSD | Perspective for the new week | Follow-up detailsAll attempts to upload a video on the XAUUSD failed as it keeps prompting network issues. So for the XAUUSD video kindly visit my youtub channel for details. Please note that I will be dropping updates on this analysis in the comment section of this broadcast in the new week. Cheers!
This is a follow-up video to my previous analysis where we closed the week with a profit of over 5,000 pips ( see daily commentaries in the link below for reference purposes). Gold has witnessed its worst-performing week in recent times as US Yield hit a 14-year high to close around the $1,640 zone. As we head into the new week, we are not sure if a trend continuation to the downside will be happening since there are no high-priority events that will be serving as a catalyst for price movement 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.
XAUUSDXAUUSD has been ranging very close to 1640 support level, and if u look closely o the 1hr time frame you can see the chart forming a reversal partner which clearly showing a potential move to the upside.
I will be waiting for price to touch 1645 or very close to that before going long... expect price to hit 1680 .
another important price point to look out for is 1661, this will be the defining factor from which ever reaction we get at this price level determine if the up trend will hold or not
from 1680 will determine if price will continue to drop or not
XAUUSDQuick update on the current price on XAUUSD. after the drop earlier am expecting price to retrace abit towards the upside beforer dropping down further... expecting price to pull up to 1659 at this price point is best for a high probability sell set up.
once the current support @ 1640 breaks, I will be looking to add more sell positions as marked in my chart.
XAUUSD Bullish Divergence on RSI. Be ready to trade break-outs.Gold (XAUUSD) has been trading within a Channel Down since October 10 when it broke below its 4H MA50 (blue trend-line) and today it got rejected on its top (Lower Highs trend-line) and the 4H MA100 (green trend-line).
Even though this is a technical sell entry, we should be mindful of the 4H RSI which has been on a Channel Up since also Oct 10, meaning that there is a Bullish Divergence. Potentially this may signify a loss in strength for the downtrend and may see a bullish break-out soon.
The strategy is simple: continue selling below the 4H MA50 but buy if the price closes above it. Targets 1,620 and the 1D MA50 (red trend-line) respectively.
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XAUUSD | Perspective for the new week | Follow-up detailsIn anticipation of the NFP result on Friday, Gold plunged to about 50% retracement of the bullish momentum that started the week but still posted a second straight weekly gain as price action evolved into a reversal pattern just around the bearish trend line identified on the daily time frame. The current structure screams a possible downtrend continuation but I am very much open to the possibility of a bullish continuation after considering the last week's activities.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable 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, and 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- New visit to previous low?In my yesterday's commentary I said that "bears have won the battle" and, after yesterday's price action, this seems pretty clear.
The intraday correction was met with strong selling in important 1680 resistance and the price dropped quickly in support giving us clues that the pressure remains on the downside.
Technically, as said, the 1680 zone offers resistance and bears can target the 1620 zone (or the previous low) for their trades.
I'm bearish as long as the price stays under 1700 in closing day terms and I'm looking to sell rallies
My yesterday's analysis:
XAUUSD Fierce battle on the 1W chart.Gold (XAUUSD) closed last week above the 1W MA200 (orange trend-line) but so far it started this week with a heavy drop back below it. This analysis shows a potential long-term Channel Down pattern on the 1W time-frame, which can extend the rebound that started two weeks ago after the price nearly touched the bottom (Lower Lows trend-line) of the formation.
Basically so far in terms of both MACD and RSI, it resembles the bearish leg that formed the first Low of the Channel on the week of March 15 2021. Notice also that two weekly candles ago, the price also hit the 0.5 Fibonacci retracement level (High Aug 03 2020, Low Aug 13 2018). The previous Low rebound broke within the 0.5 - 0.618 Fib Zone from the prior High, also above the 1W MA50 (blue trend-line), which is now within 1807 - 1852.
As the long-term trend and the US10Y, DXY correlations weigh more towards a bearish Gold sentiment, it may be best to engage after a confirmation. And right now the best you can get would be when the 1W MACD makes a Bullish Cross (green arrow). Failure to do so, will break below the Channel and invalidate the pattern, in which case we can target the 1W MA300 (red trend-line).
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Gold :: Short corrective trends !Gold :::
is falling in the orange channel and the green channel is also broken.
Please note that the top of the green channel and the bottom of the orange channel both show the same range.
It is likely that the price will have an upward trend and then return to the specified range.
Gold XAUUSDOn the 4 hours frame the Gold OANDA:XAUUSD is showing weakness which may lead to breaking the $1705 support level OANDA:XAUUSD to make the OANDA:XAUUSD heading south to the levels of $1684 as the first target also the indicators signal the weakness on the intraday frames which support the idea, this scenario can be changed if the prices went up to break the level of $1729 . OANDA:XAUUSD TVC:DXY OANDA:XAGUSD
XAUUSD First time to hit the 1D MA50 in 1.5 month. What next?Last week (September 28) we posted our usual 1D Gold (XAUUSD) analysis, calling for a buy after the metal completed a -10.60% drop from its previous Channel Down High:
As you see the price action validated that projection and Gold finally hit yesterday the 1D MA50 (blue trend-line), which was our immediate target. That was the first time this MA level got hit since August 17. Notice how this rise broke above Channel Down (1) (blue one) and has effectively confirmed the emergence of Channel Down (2) (green one), that we talked about on last week's analysis. So how will Gold trade now?
From a 1D MACD standpoint, the sell confirmation comes when it forms a Bearish Cross. That has been a consistent Sell Signal throughout the whole year. Even though we are near the top of Channel Down (2), it is best to sell either on the 1D MACD signal or if we break below the 4H MA50 (red trend-line), which is again consistent with how the previous downtrends began. We are only willing to buy if the price breaks above the 1D MA100 (green trend-line), which is intact since May 06 and target the 1D MA200 (orange trend-line).
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XAUUSD Potential Bearish Cross. Short-term trades.Gold (XAUUSD) has turned sideways after breaking above the 4H MA50 (blue trend-line), always within the Bearish Megaphone pattern that started after the August 10 High. We have a potential Sell Signal emerging as the 4H MACD is close to forming a Bearish Cross. As this chart shows, every such Bearish Cross has been a Sell Opportunity since August at least.
If you are a short-term traders, it would be best perhaps to engage upon confirmation and that would be if the price breaks below the 4H MA50. In that case, we can target the 1,641.10 Low of September 29 and the 1614.50 Support in extension.
If however the price breaks above the 1688.50 Resistance (previous High), it would be an upwards breach of the Bearish Megaphone and most likely the 4H MA200 (orange trend-line) at the time, in which case we will set the 1D MA50 (red trend-line) as Target.
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XAUUSD | Perspective for the new week | Follow-up detailsGold plunges to a new two-year low below $1,640 during the course of last week's trading session to set the tone for the risk of further decline in price. As the Greenback continue to soar, I want to see how price action is going to relate to the current structure identified on the 4H timeframe before making an informed decision next week.
Risk 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 SHORTw; bearish trend line which got rejected from a very strong s/r
daily; bearish, the price is being rejected from a s/r, zone which acts as a previous structure
4h; bearish and its ranging, still need it to break bellow the s/r
the structure
and bellow 50/20ema's
then I can go to the 1h to look for an engulfing candle breaking below the structure and the zone and below the 200/14/5 ema
stops above the structure
tp next structure
sentimentally; 46% short which is good
GOLD !! SHORT !!Hello traders, gold rose from a historical support area as expected, and that area was our TP2 in the last analysis i published on gold.
The important thing is that i think gold will now go down to 1643.X as a first target, if it breaks it, it will go to the last support area, which is 1616.X.
I think it's time to sell.
GOOD LUCK EVERYONE
TRADE SAFE.
XAUUSD Strong buy signal ahead-------------------------------------------------------------------------------
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Gold (XAUUSD) has been trading within a long-term Channel Down (1) since the March 08 2022 High caused by the Ukraine - Russia war. A distinct characteristic of this pattern is that its Lower Lows completed a -10.50% decline from the previous Lower High.
Today's low completed another -10.50% decline from the August 10 High and if the pattern continues to replicate this characteristic, then we should see a 3-4 week rise. The previous two rises towards the top (Lower Highs trend-line) of the Channel Down (1) have both hit the 1D MA50 (blue trend-line) and reached at least the 0.382 Fibonacci retracement level, with the most recent even reaching the 0.618 Fib. On the current sequence, the 0.382 Fib is at 1690, while the 0.618 is at 1734.
If the latter is hit, then that would break the Channel Down (1). We can see however a new Channel Down (2) pattern (green lines) that can match this projection. Notice also the consistent signals that the 1D MACD has been providing since March 14. Every MACD Bearish Cross has been an accurate Sell Signal, while a Bullish Cross has been a Buy Signal. We might have a Bullish Cross within the next 2 days. That would confirm the 3-4 week rise.
Note for long-term traders: A closing above the 1D MA200 (orange trend-line), can change the trend from bearish to bullish long-term.
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