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HTF Markup 12-16 Feb 2024 W7 - XAU, DXY, GBP, JPY, AUD, NAS, BTCThis is a Weekly post for several pairs showing HTF Markup only using Smart Money Concept (SMC) on Weekly, Daily and 4H Time Frames. Feedback will be highly appreciated. U.S. Dollar Index TVC:DXY Weekly: Daily: 4H: Gold Spot / U.S. Dollar OANDA:XAUUSD Weekly: Daily: 4H: British Pound / U.S. Dollar FX:GBPUSD Weekly: Daily: 4H: U.S. Dollar / Japanese Yen FOREXCOM:USDJPY Weekly: Daily: 4H: Australian Dollar / U.S. Dollar FOREXCOM:AUDUSD Weekly: Daily: 4H: US Nas 100 OANDA:NAS100USD Weekly: Daily: 4H: Bitcoin COINBASE:BTCUSD Weekly: Daily: 4H:
OANDA:XAUUSD
by Amr-Sadek
2
Economy of the last 100 years resumed Gold and Purchasing PowerThis is just a simple observation of what happened with Gold in the last 100 years. Here I show some important economic events highlighting the purchasing power with a red line. When you open a GOLD chart, you can look at the trend and think that it had a very strong bull market during the last century. And you are right, it had a very strong one, but against your currency. In reality, the value of GOLD has not increased that much. The purchasing power chart speaks by itself. Most central banks are private entities that are not controlled by the governments of the countries. From the chart, I can deduce that In a bank, you can keep the money, but not it's value. What do you think about central banks, is a fair system? Write it in the comments. If something of what I wrote here is not correct, please let me know.
TVC:GOLD
by piccard54
Gold can little grow and then start fall to 2005 level in rangeHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some days ago made a strong upward impulse from the buyer zone to the seller zone, breaking 2005 and 2085 levels. But soon, the price turned around and in a short time declined back, breaking these levels again. Next, the price turned around and bounced up higher than the 2005 support level, thereby breaking it and entering to range. Inside range Gold rose to seller zone one more time, where it soon turned around and declined back to range. In a short time later XAU declined to the 2005 level, after which it rebounded and started to move up. After the price rose to 2060 points, it rolled a little down, where it continues to trade to this day. So, I think that Gold can make little movement up, after which it turns around and starts to decline to the 2005 support level, which coincides with the bottom part of the range. So, that's why I set my target at this level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
Buy XAUUSD Triangle PatternThe XAU/USD pair on the M30 timeframe displays a potential buying opportunity due to a recent a symmetrical triangle pattern. Key Points: The price has been trading within a symmetrical triangle formation characterized by converging support and resistance lines. This often indicates indecision before a decisive move. Buy Entry: Consider entering a long position around the current price of 2034, offering an entry point close to the breakout level. Target Levels: Initial bullish targets lie at the resistance levels of 2052 and 2064, marking previous resistance zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken triangle at 2026. This helps limit potential losses if the price reverses and breaks back down. Thank you
OANDA:XAUUSDLong
by KABHI_FOREX_TRADING
15
GOLD Price Recovers After NFP-Induced SlumpGold Price Recovers After NFP-Induced Slump The gold market experienced a tumultuous ride following the release of robust US Nonfarm Payrolls (NFP) data, leading to a significant price swing. This article aims to provide insights into the factors influencing gold's recent performance, combining both technical and fundamental perspectives. Technical Analysis: After reaching a high of 2065.90, gold faced a swift reversal, retracing to the 61.8% Fibonacci level at 2031.10. The subsequent bullish impulse indicates the resilience of gold in recovering lost value. Notably, the dynamic trendline and the previous resistance zone have played a crucial role in supporting this rebound. ( GOLD Chart H4 Price Action Retest) Fundamental Analysis: The United States Bureau of Labor Statistics (BLS) reported robust NFP data for January, with 353K new hires, surpassing the consensus of 180K. This impressive job growth, coupled with a stable Unemployment Rate at 3.7%, has fueled a V-shaped recovery in the US Dollar. The data also revealed strong wage growth, with Monthly Average Hourly Earnings increasing by 0.6%, outperforming expectations and indicating a robust labor market. Federal Reserve's Impact: The upbeat NFP data has diminished expectations of an imminent Fed rate cut, with policymakers likely to maintain a more restrictive monetary policy stance for an extended period. This shift in sentiment has exerted downward pressure on gold prices. Outlook and Conclusion: Despite the recent pullback to the 61.8% Fibonacci level, gold's ability to retest the dynamic trendline and the previous resistance zone suggests a bullish outlook. The interplay between technical factors and fundamental drivers will continue to shape gold's trajectory. Traders and investors should monitor the evolving dynamics closely for potential trading opportunities in the gold market.
OANDA:XAUUSDLong
by FOREXN1
1
GOLD - Price can make small correction, and then start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price bounced from resistance line to support line of wedge, breaking $2005 level, which coincided with support area. Then price turned around and made strong upward impulse to resistance line, breaking $2005 and $2065 levels. But then Gold bounced and entered to falling channel, where it exited from wedge, broke $2065 level, and continued to fall. In channel, price declined to support level, after which it turned around and made upward impulse to $2065 level. Also, XAU exited from channel and a not long time ago it bounced from resistance level and now trades below. In my mind, Gold can correct to $2015 points, after which it turns around and starts rise to $2050 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
2
XAU/USD 09 Feb 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. Expectation remains as H4 analysis dated 07/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Price has printed a bullish iBOS where we are now in the pullback phase. Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS. Pullback phase currently underway. Intraday expectation is for price to target weak internal low priced at 2001.895 M15 Chart:
OANDA:XAUUSD
by Khan_YIK
1
Buy XAUUSD Bullish ChannelThe XAU/USD pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 2036.50, which sits close to the channel support. This could offer an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 2047.92 and 2054.50, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel, around 2030. This helps limit potential losses if the price reverses and breaks back down. Thank you
OANDA:XAUUSDLong
by KABHI_FOREX_TRADING
7
HelenP. I Gold will little rise, and then start to fall to $2025Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price some days ago declined to the trend line, after which it made a strong impulse up to the 2010 support level, which coincided with the support zone. Soon, Gold broke this level and continued to move up to the resistance zone, which coincided with the resistance level, and in a short time price broke this level and rose to 2090 points. After this, XAU soon turned around and fell below the 2060 level, breaking it one more time, after which the price continued to decline. Price fell almost to the support zone, but soon turned around again and rose to the resistance level. Then the price finally declined to the support zone and at once rebounded and started to rise inside a wedge. In a short time, Gold rose to the resistance line of the wedge, after which it turned around and declined to the support line, which coincided with the trend line. At the moment, price rising and I expect that Gold will rise to 2050 points, after which price turn around and start to decline to the trend line. That's why I set my target at the 2025 level, which coincided near this line. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
XAU/USD SELL - 07/02/2024Dear Students, I trust you're all eager to explore the fascinating world of trading. Today, I want to walk you through the rationale behind a hypothetical sell position in gold in 2051, leveraging a supply zone strategy. 1. Identifying the Historical Supply Zone: Upon thorough analysis of historical price charts, a prominent supply zone was identified at the price level of 2051. This zone represented a region where sellers historically dominated, creating a robust resistance level that had consistently held over time. 2. Technical Analysis: The decision to initiate a sell position was heavily influenced by technical indicators. The presence of the supply zone, coupled with other bearish technical signals like overhead resistance, reversal candlestick patterns, or negative momentum indicators, provided a compelling case for a potential downward movement in gold prices. 3. Fundamental Analysis: Fundamental factors were also considered in conjunction with the technical signals. If economic conditions, central bank policies, or geopolitical events aligned with the technical signals within the supply zone, it bolstered the conviction behind the sell decision. 4. Global Economic Conditions: Understanding the broader economic landscape was pivotal. Factors such as interest rate decisions, economic indicators, and currency movements that interacted with the supply zone were carefully analyzed to anticipate potential catalysts for a downward price movement. 5. Market Sentiment and Supply Zone Dynamics: The supply zone wasn't just a technical level; it also resonated with market sentiment. If there were indications of increased selling interest or a shift in sentiment aligning with the supply zone, it added another layer of confidence to the sell decision. 6. Diversification within the Supply Zone: Initiating the sell position within the supply zone was strategic for portfolio diversification. By entering the market at a historically significant level, the trade aimed not only for potential profits but also to minimize risks associated with potential market reversals. 7. Short-Term Perspective: This sell position was approached with a short-to-medium-term perspective, anticipating a potential price decline within the context of the identified supply zone. 8. Risk Management within the Supply Zone: Robust risk management strategies were integral to this hypothetical trade. Setting stop-loss orders and closely monitoring price movements within the supply zone were paramount to control potential losses. Remember, this discussion is intended for educational purposes, and trading decisions should be based on a comprehensive analysis of both technical and fundamental factors. If you have any questions or would like further clarification, feel free to reach out. Happy learning,
FXOPEN:XAUUSDShort
by albinfx
1
XAU/USD LongDear Students, I hope this message finds you engaged and ready to delve into the intricacies of trading. Today, I want to walk you through the thought process behind a hypothetical buy position in gold in 2019, with a focus on utilizing a demand zone strategy. 1. Identifying the Historical Demand Zone: In 2019, as we reviewed historical price charts, it became apparent that there was a well-defined demand zone for gold. This zone represented a price range where buyers consistently stepped in, creating a support level that had proven resilient over time. 2. Technical Analysis: The decision to enter a buy position was significantly influenced by technical indicators. The demand zone, coupled with other technical signals like bullish candlestick patterns or positive momentum indicators, provided a compelling case for a potential upward movement in gold prices. 3. Fundamental Analysis: Fundamental factors were also taken into account. If economic conditions, central bank policies, or geopolitical events aligned with the technical signals within the demand zone, it strengthened the conviction behind the buy position. 4. Global Economic Conditions: Understanding the broader economic environment was crucial. Factors such as interest rate decisions, economic indicators, and currency movements that interacted with the demand zone were carefully considered in the analysis. 5. Market Sentiment and Demand Zone Interaction: The demand zone wasn't just a technical level; it also resonated with market sentiment. If there were indications of increased buying interest or a shift in sentiment aligning with the demand zone, it added another layer of confidence to the buy decision. 6. Diversification within the Demand Zone: The demand zone served as a strategic entry point, allowing for diversification within the portfolio. By entering the market at a historically significant level, the trade aimed not only for potential profits but also to minimize risks associated with volatile market conditions. 7. Long-Term Perspective: This buy position was approached with a long-term perspective. The demand zone, being a historically robust support level, suggested the potential for a sustained upward movement in gold prices over an extended period. 8. Risk Management within the Demand Zone: Risk management strategies were integral to this hypothetical trade. Setting stop-loss orders and closely monitoring the price action within the demand zone were essential to ensure that potential losses were limited. Remember, this discussion is intended for educational purposes, and trading decisions should be based on a comprehensive analysis of both technical and fundamental factors. If you have any questions or would like further clarification, feel free to reach out. Happy learning,
FXOPEN:XAUUSDLong
by albinfx
How we will play a gold's slump if it occurres Earlier this year, we reiterated our long-term bullish view on gold with a price target of $2,300 per troy ounce. We continue to hold this view; nevertheless, in the short-term and medium-term, it is increasingly likely that we will see a significant pullback in the price, with gold falling below $2,000. As we described previously, we do not intend to sell our holdings. Instead, we plan to use this opportunity to speculate on gold (aiming to get our hands on more of it), utilizing either a dual currency deposit or a different structured product (once the volatility picks up and gold falls significantly). Illustration 1.01 The gold’s MACD is approaching the midpoint. If it breaks below zero, it will bolster a bearish case in the short term. Illustration 1.02 The picture above shows the sloping support for gold. If it is broken to the downside, it will be slightly bearish. Technical analysis Daily = Neutral Weekly = Bullish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDShort
by Tradersweekly
2
XAU/USD 06 Feb 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. Expectation remains as H4 analysis dated 05/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bullish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Price has printed a bullish iBOS where we are now in the pullback phase. Sub-structure to internal structure, which is marked in red has now printed a bullish iiBOS. Intraday expectation is for price to target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
BTC/XAU (Bitcoin VS Gold) #BTC #GOLDThe chart is an effort to plot Bitcoin and Gold in a ratio to figure out potentially where we are. The upper band (red) is where it becomes quite risky to hold bitcoin instead of gold. Mind you this does not mean gold will give better returns but means if Bitcoin goes through a correction, Gold will likely hold stronger. The green band is where Bitcoin becomes extremely less risky with a huge risk to reward ratio. Having said that, hoping that we will come touch green band is not always a good strategy as it has been proven it might reverse before touching green. Another level to add to some Bitcoin to your position instead of Gold has been 200 Week Moving Average (200WMA) represented as blue line. Historically it has been a good level to add Bitcoin instead of Gold. Although it is not a perfect indicator as well but it definitely makes considering Bitcoin vs Gold a little easier as it is a massive support. As of now, we are not there yet but further downwards price action will take us there. We can certainly come down and touch green band where it becomes a no brainer for me to allocate my capital to bitcoin instead of gold. I do also notice the MACD is deeply red and quite oversold. A weekly candle showing reversal could be a good indication of trend reversal while still expecting some choppy price action. Note: Green and Red bands are not drawn using logarithmic curves but rather connecting the closing price and trying to connect as many as points as possible. I am aware I might not have touched all points but this model is just a visual comparison of trend rather than targeting exact entry or exit points. What do you think will play out? Tell me in the comments.
INDEX:BTCUSD
by AmandeepSingh2020