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XAU/USD 05 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. Price has once again to reacted to Daily and H4 nested supply levels where we saw a noticeable reaction. Price wicked above high of internal structure but failed to close above. Expectation remains as H4 analysis dated 04/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. -> 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 bearish iiBOS to align with internal bearish order-flow. Expectation is for price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
After bullrun bearish market will return.After the breakout off the bearish channel in H4 i adviced to go long in the gold market. Wich was accurate and gold hit both targets!. (See last analysis) What now? Price action wise. The monthly candle closed with a bearish candle. Wich indicates there will be a bearish movement on the way. Also gold manage to hit the strong resistance/supply zone around 2060-2065. From here we can expect a bearish move with targets 2042 ad 2025. In the long run posible back to 2007. We have a strong support bullish trendlne wich keeps respecting. For any further fall we need an confirmed break. Also 2030 is building strong support. But i do expect a break from both support levels. THis above is all based on technical viewpoint. Be carefull with open positions tomorrow because off NFP high impact news! Resistance: 2060, 2070 Support: 2048, 2040, 2030
OANDA:XAUUSDShort
by ForexGoldIntraday
XAU/USD 05-09 Feb 2024 Weekly AnalysisWeekly Analysis: Outlook/bias for this coming week remains unchanged. -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line) As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback. Anticipate structure to indicate start of pullback phase once price prints CHoCH. Weekly Chart : Daily Analysis: -> Swing: Bullish. -> Internal: Bearish -> Has reached EQ. Price pulled back following bearish iBOS as per expectation. Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range. Price remains, as last week, to be trading within internal high and fractal low. Expectation: Price to target weak internal low. As per analysis of last week, In the event price continues to trade bullish, which it did, the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow. Daily Chart: H4 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. Price has once again to reacted to Daily and H4 nested supply levels where we saw a noticeable reaction. Price wicked above high of internal structure but failed to close above. Expectation remains as H4 analysis dated 02/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD - Price can correct almost to support line, and bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price made downward impulse from resistance level, it declined lower than $2025 level, thereby breaking it. Also soon, price turned around and started to move up in rising channel, where later Gold rose higher than $2025 level. But later, price in a short time declined below again to support line of channel, and some time traded near this line. After this, price made upward impulse from this line to resistance area, breaking $2025 level again. A not long time ago, Gold turned around and declined to support line of channel, making fake breakout. Now, I think that Gold can little correct almost to support line of channel and then continue to rise to $2055 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
XAUUSD H4 Channel PatternThe XAU/USD pair on the H4 chart currently showcases a bearish channel pattern, hinting at potential selling opportunities in the coming days. However, a breakout above the channel could present potential buy opportunities. Sell Opportunity: 1.A potential sell entry could be considered around the current price as it sits closer to the channel resistance. This allows for some buffer before a potential downward move. 2.Targets for the bear case would be the lower support line of the channel or potentially even lower depending on bearish momentum and confirmation from other technical indicators. Shifting to Buy: 1.A break above the upper resistance line of the channel would signal a breakdown of the bearish trend, opening up potential buy opportunities. 2.Entry points for buying could be considered just above the broken resistance or on a retest of the broken line. 3.Targets for the bull case would be the previous swing highs within the channel or higher depending on bullish momentum and confirmation from other technical indicators. Central Bank Decisions: Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): A hawkish Fed with a large rate hike (75bps+) and strong economic projections could strengthen the USD, potentially putting downward pressure on gold. Conversely, dovish hints or smaller increases could boost its safe-haven appeal. Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): A hawkish BoE could also strengthen the USD and weigh on gold. Dovish signals might offer some support. US Non-Farm Payrolls (Feb 2): A robust US jobs report might reinforce hawkish Fed expectations and weigh on GBP/USD. Conversely, weaker data could dampen USD strength and lend some support to the pound. If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
7
HelenP. I Gold will grow a little, after which start to fallHi folks today I'm prepared for you Gold analytics. Some time ago price rebounded from the trend line and in a short time declined firstly to the 2055 resistance level, which coincided with the resistance zone. Soon, the price broke this level and made a retest, after which continued to decline to the 2015 support level, which coincided with the support zone, but when the price fell to this level, it at once rebounded and made a strong impulse up to the resistance zone. After this price rose to the trend line and then made from this line lower buer zone strong impulse down. Then price in a short time rose higher than the support level, making a fake breakout and some time trading near this level. Later price bounced from the 2015 support level and rose to the trend line, which soon broke and continued to move up to the resistance level. But a not long time ago Gold rebounded from this level and in a short time declined to trend line back, where it now continues to trades near. I expect that Gold will rise to 2050 points, after which turn around and then start to decline to the trend line. That's why I set my target at the 2025 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
1
HTF Markup 5-9 Feb 2024 W6 - 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
Wipeout Possible for NFPLet me explain why I think this -for FOMC on Wednesday I expected a big buy as if the sell wanted to occur it would have (it neither bought or really sold) -the move for FOMC wasn't as aggressive as you would think from a news event (especially the first major one for the year) -(in yellow) this would have been the last high before the current highest high - sellers would have been interested here -(in red) the sellers from the yellow zone would have been taken out and buyers would have become induced on the break out -(in red) not long after that move the buyers would have also been taken out with the bear push after the fact -(blue square) price went into a heavy consolidation the last part of yesterday's trading day and to present (time of me typing this) -(in orange) sellers being induced at the high of that consolidation -(in turquoise) buyers being induced at the low of that consolidation -(in purple) we have NFP in about an hour (from me typing this) I expect due to the consolidation it makes sense to take out traders in both directions before continuing bullish Gold clearly is prioritizing bull momentum, as I would have mentioned if it wanted to sell it would - there were many times gold took out the sellers and made it safe for sells to occur, yet it didn't sell - why? As per usual - I do not trade news events so I will not be attempting to trade it, however I do love trying to analyze it (this is really engaging for me, if that isn't clear by now lol) I can type for hours and hours about what I see My system is actually very simple, at its core it is 3 simple questions I am attempting to answer 1. Who is interested? - Buyers and Sellers 2. Where are their stops? Below and above the areas of induction 3. Have those stops been taken out? No, which means I think a whipsaw is likely Downvote\don't Boost if you didn't read and didn't attempt to understand OR Upvote\Boost if you did read and did attempt to understand If you disagree, you can downvote but please leave a comment as to why you disagree, not doing so doesn't help either of us
OANDA:XAUUSDLong
by Brandon_evo4
1
GOLD: Bulls Take Control as Gold Rockets Above $2020GOLD: Bulls Take Control as Gold Rockets Above $2020 Gold prices started Monday's early European session with a robust bullish candle, surging around the $2020 mark. This strong momentum comes as robust US economic data heightens expectations that the Federal Reserve (Fed) might postpone interest rate cuts. The key support level for the precious metal is currently identified at the psychological mark of $2,000. Potential market volatility is anticipated with the release of the US Core Personal Consumption Expenditures Price Index (Core PCE) for December on Friday. US Economic Data and Consumer Sentiment: Improvements in US consumer sentiment in January, reaching the highest level since July 2021, have contributed to the positive outlook for gold. The University of Michigan's preliminary reading on the consumer sentiment index for January stood at 78.8, surpassing December's figure of 69.7 and exceeding market expectations of 70.0. Upcoming economic releases, including US GDP growth numbers on Thursday and the Core PCE on Friday, are expected to impact gold prices. Fed's Dovish Stance: The recent surge in US economic data suggests a potential delay in interest rate cuts by the Federal Reserve. However, the weaker-than-expected US data could convince the Fed to maintain a dovish stance, providing support for gold prices. The Core PCE release on Friday is anticipated to be a crucial factor influencing the Fed's policy direction. Technical Analysis: From a technical perspective, following a rebound around the $2020 area with significant support at $2000, the gold price is observed trading inside a bullish channel. This setup signals the potential for a new bullish impulse, with traders anticipating further upward movement in the coming sessions. Outlook: As gold prices exhibit early-week bullish momentum, market participants are closely monitoring economic data releases and the Fed's stance. The support at $2,000 acts as a critical level, while the technical setup suggests a favorable environment for a fresh bullish move. Traders should stay attuned to upcoming economic indicators to navigate potential market fluctuations. Our preference Long positions Above Support Area $2000 with targets at 2068.00 & 2090.50 in extension.
OANDA:XAUUSDLong
by FOREXN1
1
GOLD Prices Retrace Amidst Shifting Rate Cut ExpectationsGold Prices Retrace Amidst Shifting Rate Cut Expectations: A Technical and Fundamental Analysis The precious metal experiences a decline as investors reassess the timeline for potential interest rate reductions by the Federal Reserve (Fed). This shift in sentiment follows the release of a resilient Consumer Price Index (CPI) report for December and hawkish comments from European Central Bank (ECB) officials, contributing to a recalibration of broader market expectations. Market Dynamics and Fed's Stance: Despite market inclinations towards a rate cut in March, policymakers are adopting a measured approach to endorsing a dovish stance on interest rates. The US economy exhibits consumer price inflation nearly double the required 2%, sustained labor demand, and a low probability of recession, allowing the Fed to maintain a somewhat restrictive monetary policy stance with interest rates ranging between 5.25-5.50%. Upcoming Catalysts: Looking ahead, monthly US Retail Sales, Industrial Production data, and the release of the Fed's Beige Book are anticipated to provide fresh insights into the interest rate outlook. These indicators will likely guide market participants in gauging the future trajectory of monetary policy. Technical Analysis: From a technical standpoint, the current price retracement has led to a retest of the 61.8% Fibonacci area. There are indications that the price is poised for a recovery after yesterday's reversal, aligning with the previous Point of Control (POC) Volume from the recent swing high. The technical analysis suggests a potential bullish impulse, with an anticipated target at $2068. Conclusion: The intersection of shifting market sentiments, economic indicators, and technical signals creates a dynamic landscape for gold prices. While interest rate expectations play a pivotal role, forthcoming data releases will provide crucial cues for investors navigating the precious metal market. The potential for a bullish resurgence, as indicated by technical factors, adds complexity to the ongoing narrative, prompting investors to closely monitor developments in the coming sessions.
OANDA:XAUUSDLong
by FOREXN1
5
Gold can fall little more, turn around, and start to move upHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago bounced from the support line and made an upward impulse to the resistance line of the pennant, thereby breaking the 2055 resistance level, which coincided with the seller zone. After this movement, Gold rebounded from the resistance line and started to decline to the resistance level, and after it fell, the price exited from the pennant pattern. Next, Gold broke the resistance level one more time and entered to range, where it declined to the 2015 support level, which coincided with the buyer zone with the bottom part. After this, the price started to rise and in a short time rose to the seller zone, but soon turned around and made a downward impulse lower even the buyer zone. Then price soon backed up to the range and some time traded near the support level, after which made a correction to this level and in a short time rose to the resistance level. But a not long time ago price rebounded from this level and started to fall. Now, I think Gold can decline to 2025 points, after which it turns around and starts to move up, therefore I set my target at the 2045 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
Buy XAUUSD Channel PatternGold (XAU/USD) might be gearing up for a climb, showcasing a bullish channel pattern on its H1 chart. This pattern suggests a gradual increase in buying pressure, potentially leading to a breakout towards higher prices. Bullish Channel: The price has been oscillating within a channel with rising support and resistance lines, forming a Shape. This often indicates building buying pressure as the price range narrows. Buy Entry: Consider entering a long position around the current price of 2023, which offers a potential entry point near the channel support. Target Levels: Initial bullish targets lie at the resistance levels of 2043 and 2054, marking the upper boundaries of the channel. Stop-Loss: To manage risk, place a stop-loss order below the channel support at 2013. Key Points: Weakening US Dollar: A potential slowdown in US interest rate hikes and concerns about the American economy could weaken the greenback, benefiting gold prices. Geopolitical Tensions: Rising tensions in various regions like the Middle East and Ukraine could trigger risk aversion, driving investors towards safe-haven assets like gold.
OANDA:XAUUSDLong
by KABHI_FOREX_TRADING
13
GOLD - Price can little correct and then continue to move upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined to support line of triangle from support level, which coincided with support area. Then Gold made strong upward impulse to resistance level, which coincided with resistance area, breaking $1980 level. But price turned around and soon fall to $1980 level, after which XAU repeated movement up to resistance area. Gold made fake breakout and in a short time declined to support line, and also tried to grow again, but failed. A not long time ago, Gold bounced from this line and started to grow, so I think that price can first make correction to $2030 points. After correction, price will turn around and continue to move up to $2075 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
1
$5.00 Worth of Gold causes Mayhem!So it appears that my analysis thus far has been pretty correct link to that analysis is here - www.tradingview.com But I'd quickly summarize it for you if you don't want to read the entire thing..Sellers are interested in gold right now, sellers stops would likely be above the blue zone and I was anticipating that the market can spike above there before attempting to head back down (red path possible) So far so good - but the bearish momentum still isn't clear enough so it still isn't an invitation to sell in my opinion Let's look at some of the facts -gold is a bull market (overall - higher timeframe) but it isn't buying? why? -gold as of right now (lower timeframe) is suggesting sells? why? -gold likely doesn't have enough energy (liquidity) to continue with what it was doing (buying) so it needs to go get some -where would gold get energy (liquidity) from? Sellers? -gold still has to take out buyers at the low (purple circle) before buying because if it doesn't then those buyers would be in a really good buy -the dealer never wants any trader to be in a trade where they are untouchable (doesn't make sense for the dealer) I think gold is likely to come down through-out the course of the day because it doesn't make sense to go through all that stress of stopping out sellers then to not sell The who point of stopping out the seller is so that the sell can happen safely (for the dealer of course) Downvote if you didn't read and try to understand OR Upvote if you did read and tried to understand If you disagree feel free to downvote but please don't do so without commenting why you disagree as simply disagreeing without explanation doesn't help either of us
OANDA:XAUUSDShort
by Brandon_evo4
XAU/USD 30 Jan 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. After the swing BOS price aggressively moved to the upside. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish and trading sideways in a large internal range. Price is currently reacting to 50% EQ of the swing range as marked in red. Expectation remains as yesterday's analysis, for price to continue to trade bearish to target weak internal low. M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Price has printed a bearish iBOS where we are now in the pullback phase. Sub-structure to internal structure which is marked in red where price has now printed a bullish iiBOS potentially be targeting internal high or H4 POI. Expectation remains the same, for price to target weak internal low.
OANDA:XAUUSD
by Khan_YIK
XAU/USD 29 Jan - 02 Feb 2024 Weekly Analysis Outlook for the this coming week remains unchanged: -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. Price has not yet reached 50% EQ and price is still in pullback phase in the premium swing/internal, therefore, I would be looking to short. Price has rejected the Weekly weak Swing High but respected the weekly strong internal high. Price wicked in excess of Weekly Swing high but failed to close above. This presumably was to sweep liquidity above the strong internal high. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated. As mentioned last week, request to LTF's would be to shift bearish which price did as per last week's analysis. Anticipate structure to indicate end of pullback phase.
OANDA:XAUUSD
by Khan_YIK