Can XAUUSD break through 1860?
Today's market saw a strong downtrend due to Powell's speech causing a strengthening of the US dollar and market bearish sentiment. The price has deviated from its technical trend, but I personally expect the market to eventually return to a technical trend. Our long positions entered at 1830 are still being held, and for friends with larger capital, additional long positions can be added near 1820. I am optimistic that a good rebound trend will emerge after the negative news is digested by the market.
As emphasized at the beginning of this week, there will be a lot of data and news to focus on. I will continue to update the strategy and please stay tuned.
Goldideas
XAUUSD:Short first then long on opening
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XAUUSD formed a double bottom support on the hourly chart, and the moving averages formed a bullish cross, indicating a clear bullish signal. The opening is expected to test the 1860 resistance level, then break through the previous high after a dip. The main idea for next week is to follow the trend and buy on dips.
Personal trading plan: Short at 1860, with the first target at 1850, the second target at 1840, and stop loss at 1870. Buy again at 1840, with the first target at 1855, the second target at 1870, and stop loss at 1830.
Next week, it is important to pay attention to the ADP and NFP data, as this data will greatly impact the XAUUSD trend. Please focus on it, and I will also help analyze the data situation. If there are any changes in the market, I will update the strategy in time. If you have any questions, please leave me a message, and I will give you the safest strategy.
FOREXCOM:XAUUSD
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 possible sell zone!Currency Pair : GOLD
Possible direction : Bearish
Technical Analysis : GOLD on the 4H timeframe is forming a possible head & shoulder with a dynamic resistance. As there is a monthly close tomorrow, after an over extension on the monthly highly likely GOLD will continue to drop for a deeper retracement.
Possible trade recommendation : Bearish as per chart sketch
Press like button if you enjoy.
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GoldViewFX - MARKET UPDATEHey Everyone,
Another fantastic day for us with our last update yesterday highlighting 1940 being the last remaining target on this chart idea.
This target was HIT today - BOOOOOM!!
This also followed with a sharp tank down in price but once again found support at the identified retracement range, which provided support for another push up.
We will now need to see 1940 - 1945 break with EMA5 to confirm the next range above. Failure to break this level will see price head down to find support again.
We will continue with our plans to buy dips and will use our Goldturns to identify and navigate up and down to pick safe entries and exits.
EMA5 CROSS AND LOCK ABOVE 1924 OPENNED THE FOLLOWING TARGETS
BULLISH TARGETS
1930 - DONE
1934 - DONE
1940 - DONE
BEARISH TARGETS
1924 - DONE
1918 - DONE
EAM5 CROSS AND LOCK BELOW 1918 WILL OPEN 1911, 1904 AND 1895
SWING RANGE
1895
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
DECRYPTERS |GOLD (XAUUSD) | PROGRAMMED HI people welcome to Team Decrypters
The only plan you Need
Expecting gold to Rise First This week and incoming first 2 weeks of FEB we expecting a pull back in Gold
Over all we are Bullish On Gold in terms of technical and fundamental perspective
--1H we have Rising channel
--4H we have soon Bearish Divg will be Created
--Daily we have Trend line + Fibo Rejection
-- Weekly we have Bearish OB ,supply some and resistance plus the confluence of some Advance concepts of liquidity
To sum up all we expecting rise and than grab the liquidity to Drop the price Down At least 600 -900 PIPS PULL BACK EXPECTED
GoldViewFX - DAILY CHART UPDATEHey Everyone,
Please see our updated daily chart setup and structure.
PRE-LAST WEEKS UPDATE
The daily chart remains very much Bullish with a candle body close above 1857 opening a gap target to 1879 only. However, if we see EMA5 follow through and cross and lock above 1857 then we will potentially see the full upper range open to the next resistance structure upto 1927.
- This played out to perfection, as we saw the EMA5 cross and lock above 1857 with plenty of opportunity to get in for the movement catching the ride up. We got the movement up all the way from 1857 to 1921, which still leaves a small gap to 1927 open.
LAST WEEKS UPDATE
Our next challenge to track and observe will be a cross and lock above 1927 to open levels upto 1968.
- This is playing out now but EMA5 has not crossed 1927. However, we have 2 candle body close above 1927, which is the first level of confirmation but we will need to see the ema5 cross and lock to confirm this movement and validate the break to open the upper level upto 1968
We need to be mindful and, as always not to chase the bull from the front. We will wait for our usual dips to support confirmed with our signals before taking buys using our smaller timeframe setups, managing a tight and effective risk exposure. This will allow us to absorb these swings safely before riding the wave back up, as you have already seen us do time after time.
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. . Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
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.
GoldViewFX - END OFF WEEK UPDATEHey Everyone,
Following on from yesterday, as expected a nice bounce from 1783 Goldturn. We trailed our long positions all the way upto 1800 for a perfect finish to the week.
We have a back to benchmark range at 1815 from yesterday's breakout, which we expect a retest on at some point and also a gap above left open to 1831. We will keep these levels in mind in mind and as always look to get in from the right support levels, like we did today. Any big drops are buying oppurtunites for us.
We will now come back boxing day for our multi timeframe analysis and plans for the coming week. Although volumes will be low during the holiday period, we will be active as always and continue to monitor and update the chart ideas.
Enjoy your weekend with family and loves ones.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD top-down analysis, UPDATED!!Hello 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, UPDATED!!Hello 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.
GoldViewFX - 1H CHART UPDATED LEVELS & TARGETSHey Everyone,
Please see updated Goldturn levels and targets for our 1H chart setup.
Price is ranging between both support and resistance structures. We saw price tested 1758 resistance twice last week but EMA5 failed to cross 1758 confirming the rejection foe the push down. We then saw price break below 1750 but EMA5 failed to cross 1750, which confirmed the rejection for the push up. We will need to see a break of either of these levels with EMA5 cross and lock to confirm the next structure.
BULLISH TARGETS
1754
1758
EMA5 CROSS AND LOCK ABOVE 1758 WILL OPEN UPPER LEVELS (1761, 1765, 1767)
BEARISH TAREGTS
1750
1746
EMA5 CROSS AND LOCK BELOW 1746 WILL OPEN THE FULL SWING RANGE
SWING RANGE
1730
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
Please see our updated weekly chart analysis.
As you can see our long-term plans on the weekly chart is playing out perfectly. Although we are Bullish long term, we identified EMA5 detachment below, which was attached last week on the retracement, as expected and analysed by us, followed with the push up once again.
This area of resistance that price has challenged; historically always tested more than once and then eventually broken to the upside, otherwise followed with a huge drop down, which we currently can't see.
This is our long-term view, so we will keep this in mind while tracking and trading the movement level to level on the shorter timeframes.
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR