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F-XAU

HelenP. I Gold can continue to decline inside consolidationHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the support level, which coincided with the support zone, and then tried to rise, but failed and made a downward impulse below the 1980 level, breaking it. After this, XAU in a short time rose back and even later started to trades in consolidation, where it rose to the resistance level, which coincided with the resistance zone and top part. Then price rebounded from this level and fell to the support level, but at once rebounded and made an impulse up back to the resistance zone. But a not long time ago it declined from this zone and now it continues to trades in range. For my mind, I think that Gold can rise a little more to the resistance level and then it will continue to decline. That's why I set my target at the 2030 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
What will be next for gold?This week i adviced to keep selling under 2070 big resistance after confirmation. Although we got some rejections bulls manage to push back to the resistance zone. I told everyone the moment 2070 breaks with confirmation we need to add buys. SO eventually gold broke 2070 and i instantly change strategy to adding buys. WE took great profits from here. In the bigger picture we had 2085 wich is resistance in smaller timeframe(M30 and H1) Went short but missed our TP by 20 pips. For know 2085 up to 2090 is resistance. If we break above there is only 2100(Psycological resistance) and 2150(Last known high. So that said there isnt much resisance for gold. Either expecting a pullback from here back to 2070 support. We can buy from here again. Or wait for the drop to 1 of the support trendlines. I am not willing to sell gold yet. We need proper confirmations, because were trading against the trend... Resistance: 2085-2090, 2100, 2150 Support: 2070, 2050
OANDA:XAUUSDLong
by ForexGoldIntraday
1
Gold can rebound from support line and make impulse up to 2100Hello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few time ago started to trades in a wedge, where it first rebounded from the resistance line and made a strong downward impulse to the support line, breaking the 2020 support level. After this movement, Gold bounced from the support line and made an upward impulse back to the 2020 level, and even soon broke it again. Then price a little rose, after which XAU corrected to the 2020 level and later continued to move up in an upward wedge to the current support level. After Gold reached this level, which is located in the support area, the price in a short time broke it and at the moment it trades near. So, in my opinion, Gold can rebound from the support line and then make an upward impulse, higher than the resistance line of the wedge, thereby breaking it. For this case, I set my target at the 2100 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
4
GOLD - Price can exit from pennant and fall to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price started to decline in falling channel, where it first reached resistance line and continued to fall. Gold in a short time fell to support line of pennant, thereby breaking $1995 level, but soon price bounced from this line back. Soon, XAU exited from channel and later rose to resistance line of pennant, but then it made correction to support line. Recently it bounced from this line and reached resistance line again, breaking $2045 level, which coincided with support area. Also recently, Gold bounced from this area and now it continues to rise in pennant, so I think price can rise a little. Then XAU bounces down to $2045 support level, thereby exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
SOLANA usdt - Weekly🔵 #SOL usdt ⏰ 1W 📅 Dec / 25 / 2023 ⚪ As you can see, Solana after it managed to stabilize above $30, it entered an uptrend. If it stabilizes above $144, the price can reach the orange box. Support levels are shown in the chart, if reversals the trend. ---------------------------------- 📛 Follow the market trend and decide to buy or sell. ⚠️ (This isn't a signal for buy or sell) ⚠️ .......................................... 👸 Analyzed by : Parisa_Alipoor ..........................................
by parisa_alipoor
HelenP. I Gold can make impulse down to $1985Hi folks today I'm prepared for you Gold analytics.Some days ago price rebounded from the trend line and made a strong upward impulse to support 2, which is located in the support zone. After this, Gold made a little correction below than support zone, but soon it around up and rebounded higher than support 2, thereby breaking this level. Next, XAU rose higher and then corrected to the trend line, which this moment coincided with support 2. After this, the price rebounded and continued to move up to support 1, which coincided with the resistance zone, near the trend line. As well soon, Gold rose higher than this level and zone, but in a short time price declined back and even fell lower than the trend line, thereby breaking these. But later, XAU around up and soon rose back to the resistance zone, where it continues to trades to this day. For my mind, Gold can small grow and then rebound down to my target, which is located at 1985, thereby breaking the support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
Gold can break support level and continue to fallHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some days ago price started to trades in an upward channel, where it first broke the 1935 support level, which now coincided with the buyer zone. Then price rose a little more and soon corrected to support line of the channel, and then Gold rebounded and made a strong upward impulse to the current support level, which coincided with the seller zone. After this, the price firstly a little fell and then rose higher than the current support level with the resistance line of the channel, but in a short time Gold declined back, making a fake breakout. Price fell to the support line of the channel and then rebounded up higher than the current support level and now Gold trades in seller zone. I think the price can break this level and then make a retest. After this Gold will continue to decline to support line, where is located my target - 1995. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
3
GOLD - Price can correct to support area and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 When price started to decline from $1975 support level, which coincided with support area, it in a short time fell below this level. Then price around up and started to grow in the rising channel, where it rose higher than $1975 level, breaking it again. Next, Gold rose to resistance level, which coincided with one more area, and also soon price broke this level too. After this XAU exited from channel and entered to triangle, where it declined to support line, but recently it backed up. Also, price exited from triangle pattern, and at the moment Gold continues to rise, so in my mind, it can correct firstly. As well then when Gold falls to support area, it can bounce up to $2100 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
7
Why Gold's "resistance" wasn't sustained | Move ExplainedGood Morning guys how is everyone today, Merry Christmas \ Seasons Greetings to you all. Today is Friday 22nd December, 2023 - Literally the weekend before Christmas. It's the Eve of the Eve of the Eve of Christmas lol. But jokes aside I want to quickly discuss why I think the "resistance" (Green zone) wasn't sustained. Here on the 4H we can we that there is a beautiful level right around 2053 ish (green zone) that would have seemed to be held since early December, having only been broken once..or so you thought. The reason why I am putting "resistance" in inverted commas is because I believe even the terminology "Resistance" is used to induce traders. Let's be honest here for a quick second, don't you think there would be a massive amount of sellers coming into the market at this level out of belief that the "resistance" is holding and is strong? Mistake - Price creates these zone which means the zone itself cannot be the thing to control price..it's the other way around. If price created it price can destroy it - Simple In an earlier analysis, Link here - I said that the current Monthly candle couldn't be trusted at the time because 1. It hadn't closed yet (and still hasn't closed) 2. It was red, rejecting the high in a bull market If you were to look at the monthly timeframe now, you'd realize that the monthly candle has changed its appearance yet again (AND STILL HASN'T CLOSED) The reason I am bringing this up is because, many traders use the current candle as part of their analysis and in my opinion it is extremely dangerous to do this as anything can happen between now and when that candle closes Anyway, back to the 4H we can see that gold surged through that "resistance" with relative ease, Granted what I thought could occur in my previous analysis was wrong, it prevented me from taking any trades so in this light I don't mind being wrong to be honest But now I want to cover what I think is likely to occur next Seeing as what I originally thought would happen, which is where the dealer would drop lower, take out all buyers from the low then climb the market higher and higher..didn't happen. Looking at the current data we have a new micro zone above the "resistance". What does this zone represent (to me)? My answer to that is "late buyers". Buyers who FOMO'd, meaning their stops may be below either the (turquoise zone or the green zone) (red lines) Again it is entirely possible that the dealer does not spike these levels at all and simply continue to buy the market from this point but what I'd like to see is something like this Either the purple or the turquoise paths play out. Like I would have mentioned before however I am not trading for the rest of the year. The purpose of this analysis is for 2 (two) things really. 1. Keep everything sharp between my ears 2. Keep good track of what is happening so I can understand the flow of everything when I do come back out That being said - this is the end of this analysis here. If I don't send any update after this (IF) Merry Christmas \ Happy Holidays to you and your family. See you guys soon
OANDA:XAUUSDLong
by Brandon_evo4
GOLD's Final Trap (Re-done) | Round 2 LOL () This is a general image of the old analysis - and here is the link to it directly Alright guys so as I would have mentioned in the GOLD Minds forum I wish to re-do the analysis that I did a few days ago because truth be told I was wrong about what I thought it would do. I am not ashamed of this because 1. I didn't force any trade and 2. I am aware that I cannot get every single trade right unlike some traders on here So this new analysis is to serve as me rethinking about what can happen So let us begin Firstly I wish to clear my charts so I can have a fresh perspective on everything - my reasoning for this is that I could have a cognitive bias which would have been created from the analysis prior, by removing everything I thought I saw I not have no choice but to dig deeper and figure out what went wrong. This is important for me because my style of trading actually forces me to have a different angle of attack for each different trade set up. I'd typically have a few things generally in which I look for but I am of the understanding that NO 2 trades will ever be exactly alike. So on to the next part So as I am sure we agree on gold has historically been a bullish market and I don't think that has changed in recent times - we have confirmation of this on the monthly timeframe I want to draw your attention however to when you zoom in to the present price action on the monthly time frame As you can see if you look at the previous monthly candle, it is the only candle in which closed different that all the rest at the high, all of the other candles severely rejected the high whereas this previous monthly candle (black candle) seemingly randomly closed extremely bullish. Now what I think is important here is paying attention to how the current monthly candle is behaving (wicks to both sides) I am already thinking that traders are seeing this as rejection to the top (AT THE HIGH OF THE GOLD MARKET) and some traders would be seeing rejection to the downside. What this candle tells me in its entirety is that gold is absolutely consolidating right now And we have confirmation of that btw. On the weekly timeframe we have what seems like a bull trend that had been created all the way back from October and this is a good thing because if the dealer is inducing buyers to buy it means (to me) that the dealer wants the market to buy but he has to get traders to get in early so he can take them out of their positions before moving The concept of induction is interesting and I want to briefly cover it. Induction can also be known as seduction. Have you ever been seduced? if you have you feel as though you were compelled to do something beyond what you'd normally do simply so that you can achieve some level of pleasure. It is only after the fact you stop and think "what the hell have I done". Yeah, you've been seduced. Induction works the same way, have you ever entered a buy at (what you think is a really really good area)? Only for the market to stop you out and then proceed to buy not long after the fact? Congratulations, you've just fallen victim to induction\seduction. This black candle that seemingly breaks the trendline in a heart beat only to fall back in line could be reminiscent of that, but we don't know for sure - let's keep digging Admittedly the both the trendline and what "looks" like the stop hunt on this time frame are very ugly, but I can't shake the feeling that there is something more going on here Wait hold on.... Holy moly, what if, no that can't be....🤔 What if that move is simply to stop out traders who were interested in the breakout above the high who had stops just below the high I'm drawing at straws here because I am trying to understand why would the dealer drive price back down to perform this move, then to continue the buy? it has to be because of break out buyers right? And on the 4h timeframe we have the sellers being trapped in the bear trend only to be destroyed by what I thought was the W pattern signaling the reversal - Link to that analysis is here - So we have buyers induced to buy, on the higher timeframes, sellers induced to sell and already been taken out - Now it is just to take out the last set of late buyers right? It's almost too perfect ____________________________ Break, I had to leave my office to head into the town to deal with an emergency quickly, just got back home..so we continue ____________________________ Seems like we still have a lot of confirmation of buyers being induced - even the meter in tradingview suggests that the market sentiment of gold is buy. But let us take a look at what is going on on the 1H. Over to the left we have the previous "BOS - or what traders like to call a break of structure" it is really garbage because you can't use that information by itself to build out a trade but say what..as I always say the money has to come from somewhere right? Ignorance is bliss as they say. Then slightly over to the right we have the big spike up and traders being heavily induced to buy because they would have FOMO'd. And lastly further to the right we have all the buyers buying this new trendline even as I am typing this a buyer induction is occurring on the present part of the trendline. Interesting. This is what I think price is likely to do, I highly doubt I'd trade for the rest of the year but again if I were the dealer this is what I'd do...aim to take out every single trader who thought it was going to really buy and then actually buy AND then Close the market for Christmas before anyone even understands what happened - it's the most evilest thing ever lol Anyway this analysis is very long winded and I know most of you probably won't even get this far in reading - if you did tell me what you are getting yourself for Christmas, that will be our little inside joke in the comments. Keep them guessing Don't boost if you didn't read this entire post and didn't attempt to understand OR Boost if you did read this entire post and did attempt to understand Godspeed to all of you guys :)
OANDA:XAUUSDLong
by Brandon_evo4
5