Gold-trading
GOLD consolidation beginsGOLD is consolidating following the bullish momentum move.
Price made a divergence and pulled back from the resistance level .
The price is getting close to the Fibonacci 38.2 level as well as the dynamic support and psychological level at 2000.
We anticipate 2 legged pullback or consolidation until price action shows otherwise.
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✅GOLD BULLISH PENNANT PATTERN|LONG🚀
✅GOLD is trading in an
Uptrend above the key level
Of 1930$ and has formed
A bullish pennant so all the
Signs are pointing upwards
Thus, IF we see a bullish
Breakout we can go long
But IF there is a breakout
To the downside then the
Setup is invalid
LONG🚀
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Potential long ? XAULow lots being used on this trade , analysed on low TF , small risk im risking , on 4hr looks nice setup though for long
Gold Long ?Gold order limit , set , good risk to reward - will keep posted on , if take partials - as always risk management managed correctly . no need to over leverage because we've had past success on these recent swing xau trades
XAUUSD A Killer Wave C of Corrective B?Gold sharply rose from 1804 to as high as 1914 mitigating the larger Weekly Order Block.
There might be though an opportunity to sell if price misbehaves on the range 1919-1927 and a potential 4:1 RRR with a risk invalidation above 1959 targeting 1765 which was the extreme of the previous Wave (B) of last Impulsive Wave A.
Disclaimer:
Elliott Wave Analysis is not a perfect trading system and it is necessary to always have applied risk management and strict compliance to confirmation as well as Invalidation levels. It only has the capability of advancing potential market direction base on its printed data. Actual market data will also provide flexible variation for the wave count. Risk only base on your tolerance.
#marketpainterph
#elliottwave
#XAUUSD
#GOLD
Key Levels and Market overview for the Asian session open 2/03A review of the price action from the European session and US sessions which gave us some choppy price action. Markets remain under some pressure from sellers with DAX and FTSE giving back earlier gains while the US edged lower. The USD found some sellers which supported Gold while US bond yields rallied again and Oil ranged....mixed bag really!! I look at some key levels to watch and the price action setups I expect to see play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
GOLD Bulls TestThe pivotal point where Gold must break out if the bulls stand a chance of rejecting the downward/bearish wedge in play. The falling resistance coupled with the resistance level presented around 1819 gives a real test to the bulls in recovering recent losses caused by economic data for the US.
Bulls must break out here and show stronger signs of a push higher.
The 1hr candle closing at 1600 GMT showing early signs of rejection from this area of resistance.
XAUUSD perspective changePerspective has changed since we broke out the 1 HR down channel and i had been following this larger time frame pattern. Dollar pairs are setting reversal patterns which makes this chcart more fitting. Target 1873
Gold price could be a bear trap for initial balance for the weekThis is the final Gold video for the pre-market open that looks at the prospects for the opening days of the week and price action that arrives at a meanwhile bullish bias before the next meltdown of gold at the smelters!
Gold (XAUUSD): Important Decision Ahead! Your Plan: 🟡
Hey traders,
Gold dropped sharply on Friday.
The price has quickly reached a support line of a rising channel on a daily.
Important decision is ahead!
If the price breaks and closes below the support of the channel,
a bearish continuation will be expected.
Next support will be 1832.
Alternatively, the market may start coiling on a trend line.
You can look for an intraday confirmation to buy, expecting a pullback.
I will post an update once I see a confirmation.
❤️Please, support my work with like, thank you!❤️
Gold AnalysisXAUUSD
next area of interest for myself is on the D timeframe (daily).
will price reject from this supply, or will price continue higher... we need confirmation before any entry can be made, so this is an interesting one... I would like to know everyones thoughts so please leave a comment on what you think may happen.
Trade Safe.
Gold Next move (Short term) Retracement start on daily with confirmed pressure after liquidity taken out on hourly basis also selling pressure on hourly candle. Possible move to downside to grab more liquidity before the trend continuation to upside.
Gold Scalping Area With SMC Hi Trader's ,, How Area You Today ? Let's Start To Analyze The Market And Get The Best Chance To Enter Trades ,,
In This Chart We Have 2 Great Area For Buy Gold ,, From 1920 -1919 And From 1915 - 1914 ,,.
This Is Smart Money Concept (SMC) Area ,, We Can Get Great Buy From This Area ..
Please Use Money Management ,, Hope You Will Be Always In Profit
Pre-market open analysis for the week aheadIn this video, I walk through the key events ahead for the week, sentiment drivers and some potential setups playing out to watch for in the DXY / US Dollar, Gold, AUD and so forth ahead of the month's end and the Federal Reserve next week.
FOREX/EQUITIES/COMMODITIES UPDATE! WHAT TO EXPECT THIS WEEK?Hi Snipers,
Please refer to the recording for the next price levels and scenarios.
Thanks
MS
✅GOLD RISKY LONG🚀
✅GOLD broke the key structure level
While trading in an uptrend
Which makes me bullish biased
And I think that after the retest of the broken level is complete
A rebound and bullish continuation will follow
LONG🚀
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GBPJPY H4 FORCASTContact me if you want best signals. I am a professional trading having great experience.
GOLDGold Gold has achieved the target of the double bottom pattern that it formed at the bottom
Now he has completed a negative harmonic model
I expect gold to reverse from current levels
But this requires watching a strong selling candle and then going short
Stop Loss 1893
The target is extended to 1773
Etrader Gold trading with Ai ind - backdatingEtarder trading gold with Ai indicator + RSI indicator :
1. 15M chart
2. R3/R2 sell
3. S2/S3 buy
4. 1:1 risk management
very important! this does not investment advice and It cannot replace professional investment advice.
have a great weekend
Gold Short Position bUYDISCLAIMER: before you invest/trade forex, please do your own research as i won't be held responsible for anything that goes wrong.
