GOLD short term buy opportunity!!Currency Pair : GOLD
Possible direction : Bullish
Technical Analysis : Price has broken out of daily resistance and showing strong bullish momentum after opening with a gap up on daily and 4h. In 15 minutes timeframe we can price has broken out of consolidation and started up trend. On the retest of previous resistance turn support, a buy trade is high probable.
Fundamental : Weaker NON farm employment data weaken USD
Possible trade recommendation : short term bullish as per sketch
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Goldbuy
Gold Short-Term BuyExpecting Gold to go into a buy on the hourly chart if price 1870.00 is broken. The price has acted as a strong resistance point after Friday's rise due to USD employment rate data release. If the pairing does go into a buy I am expecting retracement at price 1878.00 , then to continue onward to resistance. I have based my analysis on the last time Gold saw current price points in May 2022.
Buy Entry: 1870.00
Targets: 1872.50 | 1874.50 | 1877.00 | 1881.00 | 1883.00 | 1885.50
Resistance: 1888.50
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20 Reason for buy GOLD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Super bullish
2 📆Monthly: the current trend is bear, but the market is in the corrective phase right now
3 📅Weekly: formed an inducement right now market in their sideways phase
4 🕛Daily: A clean bull trend with the proper formation and previous supports
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: elite correction wave
7: 3 Volume: bullish control
8: 4 Momentum UNCONVENTIONAL Rsi: sideways, yet we just need close above 60; then next move will confirm
9: 5 Volatility measure Bollinger bands: middle band support on the bullish side
10: 6 Strength ADX: bull are in strength
11: 7 Sentiment ROC: gold is stronger then USD
✔️ Entry Time Frame: h4
12: Entry TF Structure: bullish
13: entry move: impulse
14: Support resistance base: 2 times supported at daily OB
15: FIB: trigger event occurred
☑️ final comments: FVG filled out so we can buy now
16: 💡decision: buy
17: 🚀Entry:1852/1838
18: ✋Stop losel: 1732
19: 🎯Take profit:1900
20: 😊Risk to reward Ratio: 1:7
🕛 Excepted Duration : 2 week months
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD is set for another rise!GOLD has formed very strong bullish price action on the lower time as well as on the higher timeframe. After back to daily bullish engulfer, price has broken out of the local channel with a gap opening on the 4h timeframe. As long term trend is bullish, highly likely GOLD will continue to rise to complete 61.8% fib level at 1893.00, Upon closing of this current candle as bullish engulfer, we may open a buy position to take this move to the upside.
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XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Waiting...Gold - ideally want to see a retest of the 1835.000 zone before looking-for continuations, if price keeps pushing with confirmation from current level i may take straight buys (If that happens i'll use lower risk, will update accordingly)
Could be sell opportunities if the highs fail here but im not really interested in sells while bulls looking this good! Lets see what happens, either way get your 1835.000 zone alarm on and wait for the reaction!
Let me know your thoughts!
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Waiting...Gold - Pretty simple stuff today, trading with order flow, Daily down, 1H down, 4H down, 15m down.. Waiting for a pullback into current supply, the 15M H&S to complete and ill be pulling the trigger!
If current supply fails i'll be looking for short term buys up to to 1805.740 zone.
Let me know your thoughts!
XAUUSD News IdeaUS releases employment data tomorrow at 8:30 am eastern. Expecting the news release to weaken the dollar which would cause a spike up in price. I have based my analysis on the last time Gold saw these prices in July of this year.
Buy Entry: 1804.00
Targets: 1812.00 | 1817.00 | 1820.00 | 1825.00 | 1828.00 | 1832.00 | 1835.00
Resistance: 1840.00
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Gold BuyExpecting Gold to make a bull move after the USD Consumer Credit data release this afternoon. I have based my analysis on the last time Gold saw current price points in July of this year.
Buy Entry: 1788.00
Targets: 1792.50 | 1795.00 | 1798.00 | 1800.00 | 1803.00 | 1806.00 | 1809.00 | 1811.50 | 1814.50 | 1817.00 | 1820.00 | 1822.50
Resistance: 1825.00
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GOLDmonthly; as we can see price got rejected from the main weekly s/d zone only indicating that there is a huge supply driving prices lower but the overall trend is bullish, price broke the previous structure while making a three-leg extension and a crossover of SMA's, my hypothesis is for the price to pullback then continue bullish, currently we can see that price made a pullback so imma wait for a full daily candle close above the D s/d zone then ill look for pullbacks on the lower timeframe
but if the candle closed below the zone leaving a huge wick then imma be looking to short to 1766
imma wait for the 4h close to determine either imma go short or buy
if it's a double top leaving a huge rejection then il look to sell
if it broke above and closed with full bullish momentum then imma look for a retest and an entry
Buying until 1784 breaks ! Gold - Looking for buys above 1785.000, price is rejecting from the Daily BOS demand zone (Looking for continuations, trading with Daily order flow back towards the highs) If 1784.000 Fails however with a break/retest i'll look for shorts down towards the 4HL !
Let me know your thoughts!