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Gold Breaks Uptrend Line! Is a Reversal or New ATH Coming?The mixed PMI data(Flash Manufacturing and Flash Services) from the U.S. reflects contradictory signals, likely leading to short-term Gold price volatility without significantly affecting its main trend . What is your idea!? -------------------------------------------------- Gold ( OANDA:XAUUSD ) is moving in the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ ) and managed to break the Uptrend line . According to the theory of Elliott waves , it seems that 5 impulsive waves have ended, and we have to wait for corrective waves . Another sign of Gold correction can be the formation of a Shooting Star Candlestick Pattern ( with high volume ) and, next to it, a confirmation candle in the 1-hour time frame . Educational Tip: The larger the volume of the candle, the more valid the candle and the pattern it forms. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . In terms of Classical Technical Analysis , we can expect the formation of a Head and Shoulders Pattern . ( It is better to wait for the formation of the right shoulder ). I expect Gold to attack the Support zone($2,764-$2,757) and Uptrend lines soon , and if they break, we can expect Gold to fall to the Support lines . Can Gold make a new All-Time High(ATH)!? Please share your ideas in the comments. Note: We can expect more pumps if Gold goes over $2,794. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 1-hour time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
12
Ascending Channel at Risk: Gold's Next Move!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,743-$2,700) , near the Upper line of the Ascending Channel and near the Important Resistance lines . According to the theory of Elliott waves , Gold seems to have succeeded in completing microwave 5 of microwave c of the main wave Y . If the Uptrend lines break , we can confirm the end of wave 5 . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks (Clear RD- in all indicators ). I expect Gold to drop at least $2,710 in the coming hours after the breaking of the Uptrend lines . The next target can be $2,701 , and if the lower line of the ascending channel breaks , we can hope for the breaking of the Support zone($2,697-$2,689) . If you want to see my analysis on the 4-hour time frame , take a look at the post I published on January 16, 2025 . Note: If Gold goes above $2,750, we should expect more Gold increase and a new All-Time High (ATH) for Gold. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 1-hour time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
15
Gold at Resistance Zone>Technical Patterns>Potential DropThe U.S. economic Indexes released on January 16, 2025 , have implications for Gold ( OANDA:XAUUSD ): Core Retail Sales m/m : ncreased by 0.4% , slightly below the 0.5% forecast, indicating moderate consumer spending. Retail Sales m/m : Rose by 0.4% , under the expected 0.6%, suggesting a potential economic slowdown. Unemployment Claims : Reached 217,000 , higher than the anticipated 210,000, pointing to a softening labor market. These factors may lead to a weaker U.S. dollar and increased demand for gold as a safe-haven asset, potentially driving gold prices higher. --------------------------------------------------- Now let's take a look at the Gold chart in the 4-hour time frame and see how much Technical Analysis can help us predict the trend of Gold in the coming hours and days. Gold is moving in the Resistance zone($2,743-$2,700) and near the Upper line of the Ascending Channel , the upper lines of the Rising Wedge Pattern and Time Reversal Zone(TRZ) . In terms of Classic Technical Analysis , Gold appears to be moving within the Rising Wedge Pattern . According to Elliott's wave theory , Gold appears to be completing microwave C of the main wave Y . The wave count will change if the Resistance zone($2,743-$2,700) breaks . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to start falling at least the Support zone($2,697-$2,689) and the lower line of the ascending channel after entering the TRZ and touching the upper line of the ascending channel and the wedge pattern. Note: If Gold can break the Resistance zone($2,743-$2,700), we can expect an All-Time High(ATH) for Gold. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
7
XAUUSD TODAY MAPPING IN 1H TF CHECK IT GUYS Hello Guy's Welcome To Another Day Of TRADING Here we are mapping chart of XAUUSD ( GOLD ) in 1-Hour TF Trend Structure: The chart displays a series of higher highs and higher lows, indicating an uptrend. Price swings and suggest a bullish pattern. Conclusion: The setup looks bullish, with a breakout and retest pattern signaling a possible upward move. However, confirming momentum and watching for reactions near resistance levels is crucial for a clearer trade signal. Let me know in the comments section for more highlights!
OANDA:XAUUSDLong
by Art_of_TradingFX
XAU/USD H4 Analysis: Bullish Continuation with Key Target!H4 Analysis – XAU/USD Current Price: $2,668 Gold is currently consolidating within a well defined upward channel on the 4h timeframe. The market has exhibited steady bullish momentum after bouncing off a key support zone around $2620. Recent price movements show strong bullish momentum, pointing towards a possible move to higher resistance levels. Key Features: - Resistance Zone: Around $2730, where price could face selling pressure. - Support Zone: Around $2660, aligning with the trendline, acting as a potential entry point. - Trendline Support: The trendline drawn indicates a steady bullish climb, with price respecting this dynamic support. - Target Zone: The ultimate target for this analysis is at $2,760, which aligns with a historical resistance level. There are a few news events this week that could impact our analysis. I will update this idea with any potential entry opportunities.
OANDA:XAUUSDLong
by Profit-Scalper
9