GOLD - Price can reach resistance level and try to break itHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price started to decline in falling channel, where it declined to $1965 support level, which coincided with support area.
After this, Gold bounced to resistance line, but soon bounced of this line and in a short time fell lower than $1965 level, breaking it.
Also then, price reached support line, bounced, and started to move up to $2035 resistance level, exiting of channel and breaking $1965 again.
When price rose to $2035 level, it broke it and made impulse to $2145, after which fell back to support line.
Now, Gold trades near this level and I think price can fall to support line and then bounce up to $2080, thereby breaking resistance level.
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F-XAU
GOLD: BRUTAL Market Manipulation And FAKEOUT!
Hello,Traders!
A LOT of people were
Shorting GOLD from the ATH
Especially given how strong
The resistance level was.
And they were quite right in doing so.
What we are seeing on the chart right now
Is a clear sign of a massive market manupution
Because the ATH has been move up by
Almost 5% and such moves on GOLD
Are impossible unless the key market
Makers make a deal. This is a typical mammoth hunt
Strategy with the domino effect kicking in
When people's SLs started getting hit
The margin calls added fuel to the fire.
But whatever the reasons for such a move, it
Proved TWO trading axioms:
1) We ALWAYS use Stop Loss
2) We do not trust the market
Those who shorted without SL
Have lost their accounts for sure.
And after the fakeout did it's job the
Price went down from the horizontal
Level just as I predicted.
A very interesting market we are seeing
Now but a dangerous one as well
So be careful and use small lot size and SL
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QUESTIONS I have for GOLD | GOLD IS A MONSTERDo you think zones create price? or price creates zones? It is a question most traders would never ponder right? Be honest, have you? I ask myself this question rather frequently and the more I ask it the more I realize that it makes more sense that price creates the zones. The reason this is important is because if we know that zones are being created with price we know that there is a high level of manipulation that occur at the very zones many traders believe can hold.
Think about it - why do you think gold would have destroyed that high so beautifully last night? it is very likely because traders would have been induced to sell off the ATH (all time high) as they would have done so 3 times in the past 3 years. The dealer knows this and will take full advantage of it.
Your job as a trader is simple - ask as many questions about what you are looking at as possible because it is asking the relevant questions you get relevant answers or close to relevant as possible. So now, I have to ask - do you ask a lot of questions when you produce your analysis? or do you simple make your drawing, make your assumption and then prepare for entry?
If it is the latter I believe this is the wrong way and is more rooted in guessing than analyzing. I'm not saying you need to be like me and explain everything down to the T but I do believe we can ask more questions about what it is we are looking at - this in turn should give us a better idea of what is likely to occur without feeling like we are taking shots in the dark.
In closing - I will be watching gold for a temporary sell if this momentum can continue however I am still constantly wondering what is the reason the dealer would show sells in such a bullish market after just surging through the high, buys remain elusive at this time but I will update if I see a buy.
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XAUUSD D1 - Neutral XAUUSD D1
Last night, XAUUSD experienced a remarkable surge of +720 points as the markets unfolded, driven by a confluence of factors, previously mentioned above.
Notably, the XAUUSD markets are steadily advancing toward historic highs, and the market opening triggered a substantial influx of buying pressure, low volume causing such aggressive spikes, since we have corrected below market open price.
It’s going to be a tame day I imagine given such wild moves witnessed.
New all-time high is inGold skyrocketed past $2,140 only a few minutes after the futures market opened. Unfortunately, however, the rally was not sustained, and shiny metal erased nearly all of its gains by the European morning; in fact, at some point, it traded as low as $2,057.89 per troy ounce. While the overnight price action was, once again, pretty impressive (and despite us loving to see gold rising), this situation also makes us worry about the overall market's health. Over the past two months, gold and Bitcoin began to move by leaps, with increasingly more and more people betting on the FED cutting interest rates in the first quarter of 2024; yet, in our opinion, we will not see that, at least not in the first half of next year (unless the FED is forced to cut due to a crashing stock market). As a result, disappointment among investors can lead to volatile repricing across various asset classes, including gold and crypto. Our long-term bullish outlook remains unchanged. But at the same time, we are wary that the potential weakness in the stock market can quickly translate into weakness in gold. Therefore, we are approaching the current period in the markets very carefully.
Illustration 1.01
Illustration 1.01 shows the weekly graph of XAUUSD. The yellow arrow indicates a bullish breakout above the previous all-time highs.
Illustration 1.02
Illustration 1.02 displays the 1-minute chart of XAUUSD. The yellow arrow indicates a futures market open.
Technical analysis
Daily = Bullish
Weekly = Bullish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of multiple indicators.
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. Therefore, your own due diligence is highly advised before entering a trade.
XAUUSD NEW ATHToday we witnessed the formation of history in the OANDA:XAUUSD chart. $2148 is the highest price that gold has reached in the past. I am not an economist, and I don't know what results this will have for the world economy, but from a trader's point of view, I can say that the price will not return below $2000... At least for a long time.
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR"
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GOLD LOL - Heavy Manipulation on GOLD | Saw it coming days ago!Hey guys what's up Brandon here, @ekatatrading, this idea isn't to give a signal - it is more so to give my understanding of why I thought that gold could do something like this weeks ago, I will link these Tradingview ideas in this post.
Sellers really didn't understand that any sell they would have taken would have been an induction, it didn't mean that you couldn't sell - it simply meant that you had to be aware that the sell would have been temporary, this is something that I would have mentioned in EVERY SINGLE POST I MADE REGARDING SELLS in any way on gold.
The sell was always meant to be a short term thing on gold because again as we know - the gold market is and always has been bullish.
Given the circumstances now - I highly advise against placing trades in ANY DIRECTION on gold - whether it be buys or sells, as if you just check most brokers you'd probably realize the spreads are much wider than normal and gold is easily jumping hundreds of pips in literal seconds. Not good for an entry in my professional opinion.
Just imagine, other "professionals" are telling you to sell now because again they don't realize that it's still very much a heavy induction (manipulation) and here I am - just a simple guy who likes explaining what I see, telling you that trading now may not be the best idea. It's also quite interesting, most people won't read this entire post and an even smaller percentage of people who actually take the time to read what I am saying will take me seriously, but I guess that's why a small group of traders actually make all the money in this industry right?
The money has to come from somewhere lol
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XAUUSD - Weekly chartAttention Traders: A closer look at the gold market reveals a crucial detail! The red resistance zone has been a formidable barrier in the past, but its strength is waning. The yellow rectangles highlight areas where seller pressure previously dominated, but the diminishing intensity of these reactions suggests a weakening resistance. With this in mind, we anticipate that gold could surge past this zone, setting the stage for new all-time highs. Stay tuned for more insights and join us for exclusive trading signals and ideas.
GOLD Just LOOK At That Resistance! Sell!
Hello,Traders!
GOLD keeps growing just
As I predicted but just
LOOK at that massive key
Horizontal resistance level
At around 2080$ an ounce
The level is super strong so
I will be expecting a bearish
Correction after the retst
Sell!
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Montly candle closure! In a couple hours we will have montly candle closure. GOld is forming new grounds. If we look at the montly timeframe, notice that al the previous montly candles closed below 1993. This will be the first time a montly candle closes above! This indicates strong support will create around that level
SO what does this mean, what is next for gold?
Today 2050 was the zone i adviced to short the market. Sellers will try bring the market down before montly candle closes. From 2050 gold fell as low as 2030(200pips) My view is 100% bullish. After a correction the next bull wave will start. I am aiming around 2022 zone to go long or 2005 zone. With targets 2048 and 2067(around ATH). We can expect a good rejection around ATH like 3 times in the past, but this time i think it will be different rejection. Not as powerfull as before. In the long run 2070 will break and gold will move in a complete new area wich has never been seen before.
In the past we had 3 times testing the ATH zone off approx 2070(tripple top) In the near future we will see new ath 2100+
*The given long posititions are indications not signals.
Resistance: 2050, 2070(ATH)
Support: 2030, 2022, 2005, 1992
XAUUSD D1 - Short SignalXAUUSD has showcased remarkable dynamics in recent trading sessions, commencing the week with an extraordinarily bullish momentum and signaling the potential for an immensely bullish monthly closure. In response to this impressive bullish surge, we are strategically considering a sell-off, viewing it as a natural course of simple market corrections.
Preceding this anticipated correction, our focus remains keenly tuned to the prospect of gearing up for potential long trades, targeting a range between $2000 and $2005 per ounce. This strategic move is poised to unfold a trajectory leading us all the way up to the coveted territory of all-time highs.