XAUUSDhello dear friends
it is how i see
and it is not position advice do your analyze and carefully open a one
AmiR YarsaN
Goldshort
XAUUSD RetracementCurrently the Fundamental OF gold is all positive also on all these Higher time frames The Structure is Bullish and now at this point we can expect to retrace further downside3 and test the trendline support then we can expect some upsides moves all depend on FA.
GOLD THOUGHTS 17-JUL-2024Hello all, Kindly see my GOLD thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Gold possible movegold can perform the way i suggested as in previous day gold has not broken its weekly to monthly resistance and is also showing us price action to relive the situation and continue to its sell baised
GOLDDaily candlestick pattern for Gold (CFDs on Gold, 1 Troy Ounce) with a Gartley pattern highlighted. Here's a detailed analysis:
Gartley Pattern Analysis:
XABCD Points: The Gartley pattern is identified with the key points marked as X, A, B, C, and D.
X to A: Initial upward move.
A to B: A retracement to 0.618 of the XA leg.
B to C: Another move upwards but doesn't exceed point A.
C to D: A final retracement, completing the Gartley pattern around the 0.786 level of XA.
Key Levels:
D Point: The completion of the Gartley pattern suggests a potential reversal zone.
Sell Zone: The region marked near the 2,428.00 level indicates a sell zone, suggesting a potential area for short positions.
Support Level: Significant support is identified around the 2,368.74 level, aligning with historical price action and Fibonacci levels.
Order Blocks:
Bearish Order Block: Positioned around the sell zone (2,416.00 - 2,435.00), indicating potential areas of supply where selling pressure might increase.
FVG (Fair Value Gaps): Daily FVGs noted around 2,390 and 2,368 levels, which might act as zones of interest for buyers.
Price Action:
The current price is around 2,415.07, slightly below the D point of the Gartley pattern.
The chart shows a recent upward trend reaching the sell zone, indicating a potential bearish reversal if the Gartley pattern holds.
Recommendations:
Short Positions: Consider short positions around the sell zone (2,428.00) with targets around the support level (2,368.74).
Stop-Loss: Place a stop-loss slightly above the 2,435.00 level to manage risk in case of a breakout above the bearish order block.
What's next for Gold? Gold has been getting re-priced higher and higher for some time now and is due for a drop. I am targeting 2,300 for next week. See chart for more details.
11/07/2024 - XAUUSD - Bearish Butterfly PatternAs of July 11th, 2024, XAU/USD (Gold) is forming a bearish butterfly pattern, indicating a potential downward movement. Here’s the trade plan:
Trade Details:
- Entry: Enter with SL above PRZ or on the breakout of the last HL
- Stop Loss: Above PRZ
Reason for Trade:
The bearish butterfly pattern suggests a potential downward movement. Traders can enter with a stop loss above the Potential Reversal Zone (PRZ) or wait for a breakout of the last higher low (HL) to confirm the bearish trend.
Traders should monitor the price action closely and adjust their positions accordingly to optimize potential profits and manage risks effectively.
XAUUSD Gold Market Analysis: Weekly Overview
Fundamentals
Gold Price Movement: Last week's trading saw gold prices align with our expectations. Following the release of nonfarm payroll data, where the unemployment rate exceeded market forecasts, gold prices climbed above the June 7 high of $2,387 towards the end of the week.
Nonfarm Payroll Data: The June US nonfarm payroll report showed a slight increase in new jobs, surpassing expectations. However, revisions to April and May figures indicated a decrease of 111,000 jobs. The unemployment rate rose to 4.1%, higher than both previous and anticipated values, suggesting a cooling US labor market and increasing investor expectations for a September rate cut.
Interest Rate Expectations: Interest rate observation tools indicate over an 80% probability of a September rate cut, with expectations of two cuts this year. This has driven down US bond yields, favorably impacting gold prices. Given the high nominal and real interest rates, a rate cut would strongly support gold price momentum.
Market Liquidity: Despite last week's strong rebound, further upward movement for gold may be limited due to ongoing low liquidity conditions, which could persist into this week.
Technical Analysis
Resistance and Support Levels: The "head and shoulders" pattern led gold prices to touch the resistance range of $2,370-$2,390 last week, as anticipated. The completion of this pattern, along with oscillator signals, suggests a potential market decline.
Relative Strength Index (RSI): The RSI is turning downward at the neutral level of 50.
Stochastic Oscillator: The Stochastic Oscillator is smoothing in the overbought region.
Key Support Levels:
50-day SMA: $2,346
20-day SMA: $2,333
A break below these levels could lead gold prices to retreat to the neckline at the $2,300 range and potentially test the lower limit of the trading range at $2,276.
Key Resistance Levels:
Immediate Resistance: $2,370-$2,390
Psychological Barrier: $2,400
A successful close above $2,386 would accelerate the testing of the $2,400 psychological barrier.
Market Outlook: While the recent rise in gold prices has rekindled bullish hopes, breaking above or below the current range in the short term appears premature. We expect a broad range of volatile trading patterns to continue throughout the summer, with a primary strategy of buying low and selling high.
This analysis aims to provide a comprehensive and professional overview of the current gold market, highlighting key fundamentals and technical factors influencing price movements
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I think it might be safe to sell soon (temporarily, at least)
If we look to the left, gold would have completely reversed the move it created last week Friday for NFP. Thus gold has now gone somewhat bearish which means sellers are interested.
If you look at the area circled (in purple) there would have been sellers interested at that level.
Gold literally just took out that area.
Any sellers who had sold around the circled area would have likely had stops above that level and now would be no more.
HOWEVER,
The reason I said it may be safe to sell (SOON) is because of this, the fact that price is coming back up again, if it were safe to sell, it wouldn't be coming back up to give traders a better opportunity to sell.
Due to this I'd be extra careful of selling OR buying at this time.
XAU/USD H1 Channel Formation The XAU/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:XAUUSD
Key Points:
Sell Entry: Consider entering a short position around the current price of 2357, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2328
2nd Support – 2309
Stop-Loss: To manage risk, place a stop-loss order above 2370. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GOLD / Short trade opportunity!Hello traders!
As expected in the previous analysis, the GOLD reached the OB level and now I see a good opportunity to execute a short entry.
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GOLD - Short trade forecast / Sell trade opportunity !Hello Traders!
I am looking for a short trade from the supply & OB resistance zone. I expect to see a 50% retracement which could be turned into a 2R profit target.
Keep in touch and all eyes are on the next move 👀
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Gold's Next Chapter: Technical Insights and Market TrendsGOLD (SPOT) – technical overview
The 2019 breakout above the 2016 high at 1375 was a significant development, opening the door for fresh record highs and this next major upside extension into the 2500-3000 area. Setbacks should now be well supported above 2000 on a monthly close basis.
R2 2451 – 20 May Record high – Strong
R1 2388 –7 June high – Medium
S1 2277 – 3 May low – Strong
S2 2223– 21 March high – Strong
GOLD (SPOT) – fundamental overview
The yellow metal has pushed record highs in 2024 with solid demand from medium and longer-term accounts. These players are more concerned about inflation, geopolitical risk and a less upbeat global growth outlook. All of this should keep the commodity well supported, with many market participants also fleeing to the hard asset as the grand dichotomy of record high equities and record low yields comes to an end.
Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
XAUUSD 600 PIPS IDEAXAUUSD is showing bullish signs overall, but a closer look at the lower time frames tells a different story. On the H4, there's a clear double top, and the H1 chart is displaying a head and shoulders pattern. Currently, the price action is forming yet another head and shoulders. If this pattern completes, it could be an excellent signal to enter sell positions. Remember, no reversals, no trade! Stay alert and keep watching those charts.
XAU/USD Shorts from 2,355 or 2,370 back downMy analysis for gold this week aligns with other pairs, where I am expecting bearish moves. Given the recent rise in the dollar, I am looking to join the trend and focus on selling opportunities. I have identified two nearby supply zones on the 6-hour and 12-hour charts as potential entry points.
Once the price reaches these zones, I will look for signs of slowed momentum, distribution, and a change of character (CHOCH). From there, I will target the liquidity pools below, including trendlines and Asian session lows.
Confluences for GOLD sells are as follows:
- Price has been breaking structure to the downside on the higher time frame.
- Price has left clean supply zones on the 6hr and the 12hr.
- Lots of liquidity to the downside that needs taking
- Trade idea is pro trend as price has been forming lower lows and lower highs.
P.S. Currently, the price is at a decent short-term buy position that can be taken up towards the supply zone, provided the confluences are correct. If the price continues to drop, I will look to enter off a new break of structure (BOS).
XAUUSD | Bearish SentimentThe XAU/USD chart is forming a parallel channel and making new higher highs and higher lows according to Dow Theory and pattern analysis. On a higher time frame, the structure of GOLD is bullish. However, on a lower time frame, we can expect a slight downside move to sweep out liquidity before the upside rally begins. Fundamentally, the outlook for gold is bullish.
XAUUSDHello traders ,what do you think about GOLD?Gold is moving in a descending channel and is below the resistance zone. It is expected to fall at least to the specified level after the completion of the correction and breaking of the specified trend line.
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Gold for todayHere's my thoughts for Gold today, definitely looking for buys. There might be a slight chance of selling when possible but it will be risky. Well, we trade the moment, so we will see how to goes.
XAUUSD SHORTAfter hitting resistance zone, by considering MACD and Alino Forex System indicators, it's obvious that the price is headig down up to the support zone, 2310. Good Luck :)
Selling on gold UPON PRICE ACTIONIN view of PRICE ACTION gold is making higher low and lower low
now it has made of new higher low
before making a new lower low it has to retrace first upto previous lower low before BOS
And it retraced to that region
even it retested that region which is in favor of selling gold
gold Sell hello every body this a sell trade on gold
price now on poi and touch OB and in FVG area so we well think about sell it
and we will target the sell side liquity (SSl )
don't forget to leave your comment
Where my eye is at for Gold todayVideo isnt as good as it should be because it cut out when I was almost done and had to redo but focus, pay attention and get what I am thinking for today
