XAUUSD Bullish scenario - 4HRSimple trading - Cup and handle pattern
Watch gold to see if the handle will be filled. I have marked the probable retracement using the FIBB (purple lines) If gold manages to hold above .618 or 2340 we can look to continue buying.
With the DXY making its way back up after testing previous support (104.05) it is only a matter of time before GOLD gets the pullback it deserves. If GOLD wants to remain bullish on the macro level it needs to make a macro pullback to gain its momentum.
This week Powell gave the dollar a bullish outlook for the remaining quarters. With a natural dollar into Q2, start taking profits on buys and get ready for more sell pressure in the markets.
**Gold bearish scenario will come out this weekend if gold remains below 2400.
These are just my thoughts, not financial advice.
Goldshort
CPI signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2364
Target 2400
Gold , What do we expect ? SELL or LONG ?Hello Traders, hope you doing great.
for upcoming weeks I think we'll probably see a correction in Gold.
The first target of this correction is 2340 and the second target is 2305.
this post will be updated.
at the end, tell me what do you think about gold ? UP or DOWN ? comment it.
if this post was helpful please like & share with your friends.
THANKS.
GOLD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. more chances on continuation! Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Gold → a manipulation hello guys...
I think gold broke the channel and touched the middle line of the next channel at the same time it hunted (the yellow circle) the last high! (I've shown it by the dashed line!)
so it is possible to touch the previous level that has been hunted!
the next target is the blue area!
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Im looking for a sell Gold As we can see in the chat above ; there has been a rejection at (2378)since Gold flew up after the news that came up on Friday ( prelim Uom Consumer ) so I believe we should continue moving down in London session if we had enough volume from the usd , Be patient in executing your trade ; Good luck everyone
GOLD Shorts (from 2390 back down towards 2320) My gold analysis suggests potential selling opportunities either from the current price level or at 2390. This decision is influenced by the fact that price has now entered a strong 8-hour supply zone, which is at a premium level. Additionally, despite the bullish momentum observed in price recently, there has been a noticeable slowdown in momentum on lower time frames, particularly noticeable on Friday.
I'll be particularly attentive to a liquidity sweep around the 2390 level, where the Asian high resides. Once this liquidity is absorbed, I'll be actively seeking favourable selling positions aiming towards the next demand zone. This approach aligns with my broader view of the gold market, which is currently bullish.
Confluences for GOLD sells are as follows:
- Price has slowed down after an impulsive move last week indicating a correction.
- Price is inside an 8hr supply zone and wyckoff distribution is playing out.
- Imbalance and liquidity below that needs to get mitigated.
- Demand zone on the 19hr around 2320, looking interesting for the next rally.
P.S. Should gold break through this entire supply zone and access the liquidity above next week, I'll adopt a strongly bullish stance. My focus will primarily be on identifying nearby demand zones to initiate buy positions.
Have a great trading week guys!
GOLD → another downward movementhello guys...
I believe xauusd or Gold wanna touch the $2267 level but we have two scenarios here:
s1: start a downward movement from here.
s2: it will hunt the previous high and then start a downward movement.
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Xauusd buy Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2367
Target 2371
Target 2375
Target 2379
Target 2383
Target 2387
Target 2400
Xauusd short Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold now buy 2314
Target 2318
Target 2322
Target 2326
Target 2330
Target 2350
Gold Sell Zone Gold News: Read the Latest Analysis on XAU/USD
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2321
Target 2317
Target 2313
Target 2290
GOLD SELL - 15 Min EntriesGold has broken out of 2 bullish trend lines and I am looking for a retest of the resistance level before entering a sell position.
Price may sweep the highs to take out the liquidity above resistance before moving bearish.
I will be looking for the retest then waiting for a closure below $2321.30 for extra confirmation.
Gold is weak. Just go short on the reboundJudging from the current trend, today's upper pressure will focus on the 2326 line, which opened last Friday's non-agricultural opening. Counterattacks during the day will rely on this position to continue to be bearish and the downward trend will fall. The short-term support below will focus on around 2280-2285. The short-term watershed between long and short strength should focus on the 2320 line. The daily level suppresses this position and continues to be weak and bearish, and continues to maintain the main and short rhythm of counter-drawing. I will prompt you with specific operating strategies during the trading session, so please pay attention in a timely manner.
NFP signal Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold buy 2301
Target 2350
4/30 Gold AnalysisGold has rebounded every time it fell recently, and the market has not reversed. Gold can be bought directly at 2335 in the US session. The previous article also directly and publicly suggested that longs enter the market. Today, the Asian session opens, and we need to improve our thinking. It is expected that the upper breakthrough position will be around 2353, and we can go long briefly. If we cannot break through 2353, we can go short around 2350.
5.2 Gold is first short and then long, with double profits.Today, gold provides a layout idea of shorting first. Short gold near 2289, reduce positions and take profits near 2283. After breaking 2290, go long gold at 2291 and take profits at 2300. At present, gold has rebounded and corrected. After waiting for the news to be released, short gold at high levels will be the main focus!
Hope the analysis can help youAfter a long period of high adjustment, the price of gold fell below the 2300 mark yesterday, and also fell below the key low support level of 2291. The new downward wave of gold has come out, and the shorts have entered a new range! In other words, the recent operation ideas will undergo a major change, and rebound shorts will be the only feasible strategy!
The 4-hour line has been falling continuously. For short-term layout, you can refer to the long and short conversion position at the bottom of 2291. You can short when it rebounds to 2291 again! At the same time, we should also focus on the repair position of the upper moving average pressure. At present, the first pressure of the moving average is at 2311. The deviation is large and it is not used as a reference for layout, but it is still a reference indicator for the strength of the long and short market! If the gold price returns to above the moving average in the near future, there is no need to worry. As long as it does not break through 2352 again, it is treated as short-term!
The Gold Spot to U.S. Dollar (XAU/USD) trend1. **Chart Overview**:
- The image displays a **candlestick chart** representing the **price movement of gold** against the U.S. dollar.
- Candlesticks indicate price changes within specific time frames: green for price increases and red for decreases.
- The Y-axis represents the **price of gold in USD**, while the X-axis shows dates from **May 3rd to May 13th**.
2. **Technical Analysis Tools**:
- **Trend Lines**: Two prominent diagonal trend lines are drawn across the candlesticks, suggesting a **channel pattern**.
- **Support and Resistance Levels**: Horizontal dashed lines indicate potential **support or resistance** levels at different price points.
3. **Price Fluctuations**:
- The chart captures the **volatility** of gold prices during the specified period.
The trend depicted in the **Gold Spot to U.S. Dollar (XAU/USD)** candlestick chart has several implications:
1. **Bearish Movement**: The pronounced **downtrend** suggests a decline in the value of gold against the U.S. dollar. Investors and markets relying on gold as a **safe-haven asset** or a hedge against inflation may be impacted.
2. **Technical Analysis Signals**:
- The **channel pattern** formed by the trend lines indicates potential price movement boundaries.
- **Support levels** (dotted horizontal lines) may act as buying opportunities, while **resistance levels** could hinder further price increases.
3. **Market Sentiment**: The downtrend may reflect **economic optimism**, leading investors away from safe-haven assets like gold.
The **Gold Spot to U.S. Dollar (XAU/USD)** trend has recently shown a **downturn**. Let's explore the possibilities:
1. **Recent Movement**:
- Over the past month, gold has experienced a **5.57% increase**¹ .
- However, in the last **5 days**, it declined by **0.22%**¹ .
2. **Technical Analysis**:
- The weekly chart indicates a **steep decline** from around $2393 to $2295.
- A **bearish candle** formation is currently underway.
- Support levels and retracement patterns are being closely monitored by traders.
3. **Factors to Consider**:
- The **U.S. Dollar Index** is recovering, making gold less attractive in USD terms.
- Short-term appeal remains weak due to easing tensions in the Middle East and reduced safe-haven demand.
4. **Forecast**:
- Analysts suggest that gold's bullish potential may continue into early 2024 due to a **looser Fed policy**, lower bond yields, and a weaker USD.
- However, a global economic downturn could limit gold's gains² ³ .
XAUUSD Analysis (1st May 2024)
Market Analysis PT1/2 (1st May 2024)
XAUUSD Analysis
On the 4 hour timeframe, we have confirmed a 4 hour MSS with price closing very bearishly on the 4 hour timeframe.
Dropping to the 1 hour timeframe, price action here has created a 1 hour OB, along with a 1 hour FVG just right under it.
Looking for price to retrace during asia session into the FVG/OB before looking for a 5/15 minute CHOCH to look for shorts.
This week is Price action will be alittle messy due to ADP and NFP coming up. So do trade carefully!