Goldfutures
How should we judge the market today?Dear partners, yesterday the first and second stages of long positions in gold were all closed with profit taking.
For those holding long-term positions, please exercise caution in managing your capital and take profits as appropriate. Short-term trading should be the focus for individual investors. Only the profits in your pocket are truly yours. As for today's analysis of the gold trend, the important points to note will be updated in the post later.
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XAUUSD Gold Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bearish Channel in Long Time Frame as a Corrective Pattern and Rejecting From the Upper Trend to make its Next Move till its Lower Trend Line
Selling Divergence in Short and Buying Divergence in Long
Break of Structure
Bullish Channel Short Term
Elliot Waves - Completed " ABC " Corrective Wave
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Bearish Channel as a Corrective Pattern with the Breakout of the Lower Trend Line and Retracement
Divergence
S / R Level
Impulse Correction
Completed Impulsive Wave " 12345 " and Corrective Wave " AB " and Rejecting from the Fibonacci Level - 61.80%
XAUUSDBUY GOLD
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XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Short Time Frame as a Corrective Pattern
Selling Divergence in Short Term and Buying Divergence in Long Term
Break of Structure
Bearish Channel in Long Time Frame
Completed " 12345 " Impulsive Wave and " A - wxyxz " at Fibonacci Level - 78.60% and Making its " B " Corrective Wave
Gold: Balanced 🌿Although Gold is gaining more stability while tapping sideways, it should work on its upwards momentum to carry on with our primary scenario. In this case it would rise up to the orange target zone to complete the orange wave iii. After completion, the orange wave iv should push the Gold back into a correction. In our alternative scenario with a probability of 45%, the course would drop below the support line at $1792 instead of climbing to the orange zone.
Gold demand reached an 11-year high in 2022On 13th January 2023, we reiterated our belief that the stock market was going through another bear market rally. Furthermore, we warned investors about the price deviating too far from its moving averages and the characteristic behavior of gold, which lies in it rising rapidly and then dropping quickly as well. Following the FOMC, the price of gold fell by more than $95, which translates to approximately 5% within only two trading sessions. Despite that, we remain bullish on gold in the long term. However, we remain worried as trend reversal in the stock market and more selling pressure can act as headwinds for gold, putting a temporary lid on the price in the short term. Due to that, we will pay close attention to Jerome Powell’s speech today and gold’s price action accompanying it.
2022 gold market in hindsight
According to World Gold Council, gold demand (excluding OTC) reached an 11-year high in 2022, jumping by 18% to 4 741 tonnes. Investment demand grew by 10%, while demand for bullion increased by 2%. On the other hand, jewelry consumption dropped by 3%, and demand for gold in technology plummeted by 7% due to an economic slowdown. Interestingly, in 2022, central banks were a significant driver of higher gold prices, with a series of large purchases in Q3 and Q4. As for the global supply, it grew by 2% to 4 755 tonnes.
Illustration 1.01
Illustration 1.01 displays the daily chart of XAUUSD. The yellow arrow points to the last rate hike by the Federal Reserve’s FOMC, which preceded the price drop.
Technical analysis
Daily = Bearish
Weekly = Neutral/Slightly bearish
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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Gold Daily Analysis Gold Daily Analysis shows a bullish trend
Gold Daily Analysis shows a bullish trend
Gold Daily Analysis shows a bullish trend
Gold 1hour : look like gold want create range =box range gold when want swtich trend,create range days then switch trend
let see gold futres daily and AC indicator
for now selstop in low is best idea and wait until fibo 161%
sell under fibi61% possible but very very low size and SL =1944
ALERT= BREAK BOX RANGE CAN EXPLODE GOLD
goooooooooood luck
XAUUSD Rising Wedge inside Channel UpFierce battle on the XAUUSD market with Gold trading on a Rising Wedge short-term inside a Channel Up long-term. The price is firmly supported by the 4hour MA50 for exactly 30 days and this indicates a strong uptrend.
You can scalp the Rising Wedge's range and add to your intra day profit. If broken upwards, the minimum rally this Channel Up has achieved on a bullish leg is +2.75% and that puts the upside target at 1793. Equally on the downside, if the 4hour MA50 gets crossed, the minimum fall we can get is the bottom of the Channel Up, where the 4hour MA100 is waiting.
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Gold Futures 1/22/2023 Price Action Analysis for upcoming weekTest video with voice from tradingview charts. Weekly prediction to create trading plan for this week
XAUUSD Channel Up after Channel UpThe largely overbought 1D technical state of Gold (RSI = 72.715, MACD = 33.680, ADX = 69.728) leaves the price unaffected as it continues to rise having formed a new 'January' Channel Up, following that of December.
Every Low to High has been so far +3.19% and as such we are long aiming at 1,955. If the Channel Up breaks to the downside, we will short below the 4H MA50 and target the Support at 1,870. The 4H MA100 that offered support during the December Channel Up is the next sell level, if breached, we will target 1,840 expecting a contact with the 4H MA200.
The last Support is at 1,823, potentially the long term zone for the next group of buyers as this is where the 1D MA50 is headed to.
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GOLD is Parabolic but about to break down soonXAUUSD has been trading inside a Parabolic Channel for 2 months. Such patterns technically end with a break down of the formation and pull backs to lower MA periods and Fibonacci levels. The parabolic state of Gold is evident on the overbought technicals both on the 1D and 4H time-frames (4H RSI = 72.910, MACD = 14.330, ADX = 59.897). The 4H RSI in particular shows clear exhaustion technically.
At the moment the 4H MA50 is rising almost parrallel to the bottom of the Parabola. A crossing below it targets the 0.382, where the first (short-term) buyers can be found. The 0.5 Fibonacci is a strong Support candidate since it has been a Resistance level three times and Support two times and is very likely to make contact with the 4H MA200 and 1D MA50 there. If the fall is more aggressive contact with the 1D MA50 could be made on the 0.618 Fibonacci, which is the golden ratio and strong medium/ long-term buying accumulation should be witnessed.
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XAUUSD: 1D Golden Cross happened but important Resistance above.Gold formed today the first 1D Golden Cross since February 10th 2022, which led to the Ukraine/Russia war top. Based on the structre though (1D RSI = 67.910, MACD = 26.210, ADX = 46.359), it looks more similar to the Golden Cross of June 23rd 2021, which was also formed on a strong rally following a 240 day Bear Market.
During that past Golden Cross, the market was rejected just a few days before the formation on the 0.618 Fibonacci level and turned sideways for a long period of time until the war. Both led to the 0.618 within a Channel Up. At the moment the 0.618 Fib is at 1,898 and until it breaks, we shouldn't be very optimistic about today's Golden Cross, which is otherwise a bullish pattern.
If the 0.618 Fib breaks, we expect the Channel Up to target the next Fib level of 0.786 (1,974). If rejected and the price breaches below the Channel Down, the technical support is the 1D MA50 (blue) and the 0.236 Fib, which is where the 2021 pattern found the first support, is at 1,723.
It is important to also mention the 1D RSI pattern during that Channel Up, which is a Channel Down, i.e. a strong Bearish Divergence. The structure is so far supported by a Higher Lows formation started on the September 23rd Low. Hence breaking below can be the first sign of a pull back.
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Gold to shine in 2023?After beating Bitcoin in 2022, many investors wonder whether 2023 is the time for gold to shine. Last year, central banks accumulated 663 tonnes of physical gold in the first three quarters, making it one of the biggest buying sprees among central bankers (even with no data available for Q4 yet). Overall, the gold market experienced a relatively good year compared to the rest of the market, which saw significant declines across the board. Furthermore, the stock market's uncertainty and the prospect of a recession in 2023 helped to drive gold demand substantially higher from the preceding year (2021).
As a result, we continue to be bullish on gold. However, we are worried that if the stock market starts selling again, it might put a temporary lid on the price of XAUUSD. In addition to that, large holdings by central banks give them the firepower needed to dampen price increases if necessary. Due to that, we will stay cautious and observe market developments very closely in the coming months. We will be vigilant around FOMC meetings which are planned for the following dates in 2023:
January 31 - February 1
March 21 - March 22*
May 2 - May 3
June 13 - June 14*
July 25 - July 26
September 19 - September 20*
October 31 - November 1
December 12 - December 13*
(*monetary policy decision)
Illustration 1.01
Interestingly, in November 2022, gold returned to the wide range that it constituted in 2021 (and stayed within for the most part of that same year). Then today, it broke above it, which is bullish. We will watch the gold’s ability to hold above the range's upper bound. If gold manages to hold above this level, it will bolster the bullish case for it.
Technical analysis
Daily = Neutral/Slightly bullish
Weekly = Bullish
Illustration 1.02
Illustration 1.02 shows the daily chart of gold’s RSI. To further support a bullish thesis, we would like to see the RSI resume a rise and break above 70 points.
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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Long Term analysis of XAUUSD, Seems to have last cycle left
Long term movement of XAUUSD as its last wave cycle of seems to be start soon and we can face prices around 6K to 7K for over 10 years later!!!
Not so great move but still about 5 times growth investment is not so bad, but more important thing than investing money in GOLD for about 10 years and counting its beneficial statement, It is about how economical parameters need to change over a decade in future!!!
Seems its time to fasten our seat belts!!!
GOLD: Rising Wedge still holdingExcellent confirmation of our short-term buy trade as, following the lower than expected U.S. CPI, Gold skyrocketed above the 4H MA50 (1,788.91) broke above the 1,808 (August 10th and Dec 5th Highs) Resistance and made a Higher High on the Rising Wedge pattern (started on November 15th) at 1,824.50. With 4H but mostly 1D technicals still bullish (RSI = 63.776, MACD = 25.400, ADX = 28.407), the price is now long-term bullish targeting the 1,860 - 1,880 zone (1,880 is the June 12th High).
However, ahead of today's critical Fed Rate Decision, we have to be extra careful with our positioning. I am looking to buy again (slightly) below the 4H MA50 at 1,785 and target 1,820 intra day only. A break below 1,777 is a bearish break-out call towards the 4H MA200 (1,739.22 and rising). Beyond that, I will wait for a clear 1D MA50 test in the following days to get my long-term buy, if not and we close above 1,825 first, then I will enter a buy on the spot, which is possible if the DXY continues to sink while also the US10Y goes for a Lower Low. Those indicate a strong bullish long-term trend for Gold.
Previous Gold chart:
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The main reasons for that were the REPUBLICANS winning, and US CPI DATA being NEGATIVE.
But since RETAIL SALES was POSITIVE the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being ON. Therefore, USD WEAKNESS is seen today.
We have some very important NEWS coming to USD this week. Be sure to keep an eye on it.
Anyway, since US10Y is going up with RETAIL SALES UP, GOLD is going down quite a bit right now. Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to the 1783 level with the FOMC UPDATE. Be careful.. gold
20 REASON FOR SELL GOLD 🤑TOP DOWN ANALYSIS OVERVIEW🤑
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
🧐Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: h4
2 target time frame: h4
3 Current Move: impulse for h1
4 Entry Time Frame: h1
4.1 Entry TF Structure: bear
4.2 entry move: wait until 1752 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB: trigger event Ok
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: higher low 1752, reversal start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways
11 Volatility measure Bollinger bands: Squeez break out /head-fake/walking band 3 signals
13 Sentiment ROC: weaker than USD
14 final comment: sell right now
15 : decision: sell
16 Entry: 1752
17 Stop losel: 1758
18 Take profit: 1730
19 Risk to reward Ratio:1:6
Excepted Duration: 2 days
GOLD Minor technical correction before 1800-1820Gold has been pulling back since the Nov. 16 top, which was made below the 1D MA200 (red line) as well as the 0.382 Fibonacci level of the March High.
The price is now below the 4H MA50 (blue line), which was supporting since Nov. 04. Having a Support at 1615 and a Higher Highs Resistance with teo tops, it looks as if the long term trading pattern is an Ascending Triangle.
The longer the price remains below the 4H MA50, the more likely it is to extend the correction as it did in October. The technical medium/ long term Supports are the 4H MA200 (orange line) and the 1D MA50 (green line) respectively. Until the 4H MA50 breaks, those latter MA levels are more likely to get hit.
If however the 1D RSI hits its Higher Lows Support first and rebounds, then it will be a stronger buy signal. Obviously the buy target is the 1787 Resistance and if the 1D MA200 breaks, then the Higher Highs Resistance, which is likely to get hit near the 0.5 Fibonacci level.
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gold 1hour: if you dont have open sell , put sellstop in lowmy sell still open from high ,,, if you dont have sell,you can put sell stop in low
if gold go up on news near fibo 61 after pinbar come on higher time pick sell
let look gold futures daily candels and AC indicator and big banks net order on gold futures COT data
good luck see you in 1730
if you are in mobile always use google chrome / desktop view then you can zoom in zoom out
pro trader never use mobile for trade, in mobile you cant see many detail,support,pinbar and will harm you , i never install trade app or metatrader in mobile , windows desktop is best for trade
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Gold: Roaring TwentiesAre we repeating history and reliving the Roaring Twenties or should we call it the Golden Twenties? Gold is currently channeling all its power and following an upwards slope. Pushing up north, we're expecting the trend to stay strong to work its way above the resistance at $1824. Primarily, Gold should continue to move north as long as it remains above the $1739-mark.
