Buy XAUUSD Channel BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Buy Entry: Consider entering a long position (buying) around the current price of 2161. This offers an entry point close to the breakout level, where buying pressure might be intensifying.
Target Levels: Initial bullish targets lie at the following levels:
2174: This represents the height of the channel, measured from the channel bottom (support line) to the top (resistance line), projected upwards from the breakout point.
2182: This is achieved by adding the height of the channel to the breakout point. These targets act as potential resistance zones that could see buying interest.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 2153. This helps limit potential losses if the trend unexpectedly reverses.
Thank you
F-XAU
GOLD: Riding the Bullish Impulse on Tuesday - ScalpingGold prices saw a slight uptick on Tuesday following a corrective session on Monday that saw the price briefly touch the $2148 mark. Starting Tuesday with a bullish momentum, the price found support in certain demand areas. Our strategy involves capitalizing on this demand zone through scalping, aiming to ride a potential increase in price to the previous swing high of the market.
It's worth noting that a hawkish stance from the Federal Reserve could push XAU/USD prices towards the $2,100.00 mark, given the aggressive short positioning on the Greenback by market participants. Therefore, all eyes are on the pivotal FOMC decision scheduled for Wednesday, which is expected to drive demand for the USD and provide fresh impetus to the precious metal market.
Keep in mind that this idea is tailored for a scalping approach
XAU/USD 20 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the same as yesterday's Analysis dated 19/03/2024
-> Swing: Bullish.
-> Internal: Bearish.
Price had printed a swing BOS and subsequently a bullish iBOS.
Swing range confirmed.
Price has now printed a bearish iBOS to confirm swing pullback has initiated.
Scenario 2 played out from previous analysis whereby it was mentioned price could target internal low as all HTF's are requiring a pullback.
Yesterday's Intraday expectation was for price to continue bullish, react at either 50% EQ or H4 POI before targeting weak internal low.
Price attempted to do this but failed which possibly indicates the need for more liquidity.
Intraday expectation is for price to retrace to 50% EQ of the internal structure or H4 POI before once again targeting weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a further bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback.
Pullback following bearish iBOS is underway .
Yesterday's Intraday expectation was for price to react at M15 POI, or 50% EQ (denoted in blue) before targeting weak internal low. Price did as expected.
However, price was unable to break and close below weak internal low which indicates that bearish pullback following bullish iBOS on M15 TF and bearish pullback for H4 TF remains underway.
Price has been moving sideways in a narrow range which could indicate that we await to see results of high impact incoming data before higher volatility moves are made.
Intraday expectation remains the same as yesterday, for price to target weak internal low.
M15 Chart:
XAU/USD 19 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price had printed a swing BOS and subsequently a bullish iBOS.
Swing range confirmed.
Price has now printed a bearish iBOS to confirm swing pullback has initiated.
Scenario 2 played out from previous analysis whereby it was mentioned price could target internal low as all HTF's are requiring a pullback.
Yesterday's Intraday expectation was for price to continue bullish, react at either 50% EQ or H4 POI before targeting weak internal low.
Price attempted to do this but failed which possibly indicates the need for more liquidity.
Intraday expectation is for price to retrace to 50% EQ of the internal structure or H4 POI before once again targeting weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a further bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback.
Pullback following bearish iBOS is underway .
Yesterday's Intraday expectation was for price to react at M15 POI, or 50% EQ (denoted in blue) before targeting weak internal low. Price did as expected.
However, price was unable to break and close below weak internal low which indicates that bearish pullback following bullish iBOS on M15 TF and bearish pullback for H4 TF remains underway.
Intraday expectation is for price to react at 50% EQ of the internal structure (denoted in blue) and once again target weak internal low.
Price could potentially go deeper into premium EQ of the internal structure, react at H4 POI before targeting weak internal low.
M15 Chart:
XAUUSD - GOLD 1hrSimple trading:
Fibb on impulse
We look to sell gold for a correction. This isn't a trend reversal, just a pull back. Let's take advantage of a potential sell.
Key support areas:
1. Daily support (grey line)
2. Fibb .382
3. Fibb .5
4. Fibb .618
SELL Confirmations:
1. No high higher
2. Weekly Res Confirmed
3. Triangle Break and retest
XAU/USD 08 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price had printed a swing BOS and subsequently a bullish iBOS.
Swing range confirmed.
Price has now printed a bearish iBOS to confirm swing pullback has initiated and is underway.
Scenario 2 played out from previous analysis whereby it was mentioned price could target internal low as all HTF's are requiring a pullback.
Intraday expectation is for price to continue bullish, react at either 50% EQ or H4 POI before targeting weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a further bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback.
Pullback following bearish is underway .
Intraday expectation is for price to react at M15 POI, or 50% EQ before targeting weak internal low.
M15 Chart:
XAUUSD 17/3/24Gold has been running highs since the markup we gave out last month, hitting our daily POI and carrying back over into the bullish trend.
In this weeks mark-up we are looking at higher prices again with the clear bullish direction we have, now keep in mind we have 3 highs in play that give us a clear area of liquid to run into so with this principle in place we look to the 5min and see another bullish signal in the form of a swing high between our SWH and SWL range. We currently sit at the base of this range and it will fuel the moves to come following a run of either the high or low of said range, so as shown on our chart we have 3 ideas behind this long shift.
Firstly we run our highs and get an entry within our bullish range to then go high.
secondly we drop lower to sweep the SWL and then we run higher finding a long move the final idea we run into the daily FVG and hourly liquid lows to shift price bullish after most biases have changed to bearish.
Trade price as it delivers and don't get dragged into what you want to see and focus on what you are seeing!
have an amazing week and i wish you all a profitable week!
HTF Markup 18-22 Mar 2024 W12- 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:
XAU/USD 15 March 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains unchanged from yesterday's 14/03/2024) analysis
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a swing BOS and subsequently a bullish iBOS.
Bearish CHoCH has been printed.
We are now trading within an internal range.
As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed.
Bearish iBOS will provide confirmation that pullback is underway.
Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms comments made on 12 March 2024 that it would be useful to remember that all HTF's are requiring a pullback.
Price did try to target weak internal low, as per my comments made yesterda however, we saw price react at an M15 POI.
Intraday expectation is for price to react again at 50% EQ, which price is currently doing, or react in premium of 50% EQ, before targeting weak internal low.
M15 Chart:
Gold Portfolio Analysis: A Closer Look at the CME data (options)Let's analyze the significance of data obtained from analyzing the portfolios of Large Option Traders based on CME exchange March 7th.
Firstly, it is important to note that the portfolios aimed at the growth of quotations appeared when gold was moving sideways (look at screenshot)
At this time, traders were adjusting their portfolios to partially lock in profits by closing or reselling their positions. As a result, a portion of these positions is transferred from more Informed market participants to Less informed ones (look data from CME exchange).
In most cases, this leads to a quick reversal of quotes or some range movement.
XAU/USD 14 March 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a swing BOS and subsequently a bullish iBOS.
Bearish CHoCH has been printed.
We are now trading within an internal range.
As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed.
Bearish iBOS will provide confirmation that pullback is underway.
Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway.
H4 Chart:
M15 Analysis:
Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms my comments yesterday (12/03/2024) that it would be useful to remember that all HTF's are requiring a pullback.
Intraday expectation is for price to continue bullish, react at M15 POI or 50% EQ before targeting weak internal low.
M15 Chart:
XAUUSD - Signal UpdateXAUUSD H4
Price dumped yesterday following the cluster of inflation data we witnessed, US stock indices whipsawed, XAUUSD dumped beyond our support on the LTF, but held on the H4.
A slight bounce was we are currently witnessing, before the next potential downside leg. US stock market volume to follow in 1 hour 45 minutes time. Lets see what it brings.
Sell XAUUSD Trendline BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential selling opportunity due to a recent downward break of a well-established trendline. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2180.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the following levels: 2157 and 2146
Stop-Loss: To manage risk, place a stop-loss order above the broken trendline, ideally around 2190.00. This helps limit potential losses if the price rallies unexpectedly and breaks back above the trendline, invalidating the short trade.
Thank you
GOLD Key Level Ahead! Buy!
Hello,Traders!
GOLD is finally making
A long awaited bearish
Correction after an unprecedented
Surge but a strong key level
Of the previous all-time-high
Around 2148$ is ahead and
After the price retests the level
I will be expecting a local
Bullish rebound
Buy!
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XAUUSD Bull run due a correction?XAUUSD exhausting evidently around this 2185 price. Previous legs upside have rallied significantly and moves sideways (consolidated). We are now starting to see price scallop over and exhaust somewhat.
LTF structure break is currently active and this could be the start of a deep correction from swing low of 2040 to swing high of 2195.
Its Clearly Over For Bulls XAUUSD Sell Short!Price has gone dramatically up for 10 days straight.
Lots of FVGs Below and Price must Refill this Because we are talking GOLD (Xauusd) not some Low Caps Crypto so Price Must go Down to Fill Orders and take Liquidity.
We have CPI coming today March 12 (Tuesday)
Feds aren't going to Cut Down Rates Immediately and we see a Big Gold Retracement.
Worst thing that can happen is we can see a double sided move, like first Touching 2202 and then Going Down to 2150 and then further to 2080 and so on...
Gold to set record high after CPI tomorrow? Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold.
Spot gold is currently trading around $2,181.47 per ounce, following a record peak of $2,194.99 on Friday, propelled by U.S. NFP market data that fueled expectations of a rate cut. Traders are currently factoring in a roughly 70% chance of an interest rate cut by June.
The forthcoming inflation data holds significant weight, with the potential to sway the gold market's direction. Expectations are for annual inflation to remain unchanged from the previous month’s 3.1%.
If the data comes in hotter than last month's report, it could pose challenges for the gold market and potentially lead to some near-term selling pressure. Conversely, softer data might propel gold to new highs in the short term.
It's worth noting that the RSI indicates the gold market is currently extremely overbought.
GOLD - Price can make small movement up and then start fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price fell below $2050 level, which coincided with support area, thereby breaking it, inside falling channel.
After this, price tried to back up, but when Gold entered to support area it at once continued to fall.
Then XAU repeated this movement, after which price fell to support line of channel and turned around.
Gold exited from falling channel and started to rise near support line to $2050 level, and after reaching it, price broke this level.
Next, XAU made strong upward impulse from support area to $2195 points, and now Gold continues to move up.
Possibly, XAUUSD can make a small movement up again, turn around, and then start to fall to $2130 level.
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