GOLD (XAUUSD): Detailed Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Horizontal Key Levels
Resistance 1: 1942 - 1953 area
Resistance 2: 1965 - 1972 area
Resistance 3: 1978 - 1987 area
Support 1: 1884 - 1889 area
Vertical Key Levels
Vertical Resistance 1: Falling trend line
Consider these structures for pullback/breakout trading.
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Goldsignal
🥇Gold🥇 Falls and then Rises⏰(15_Min)⏰✅Gold managed to form an Ascending Broadening Wedge Pattern .
🌊According to Elliott's wave theory , the Ascending Broadening Wedge Pattern completed Wave 4 .
🔔I expect Gold to decline to the 🟢 Support zone($1,915.420-$1,910.640) 🟢 and then rise again after confirmation of the end of Wave 5 .
⚠️I have shared two Long and Short positions in the chart for you, but be sure to act according to your Strategy and follow Capital management .
Gold Analyze ( XAUUSD ), 15-minute 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.
GOLD (XAUUSD): Bearish Wave Continues 🥇
Earlier, I have predicted that Gold will drop from a major falling trend line.
After its test, we saw a strong bearish reaction.
Taking into consideration the fact that Gold is trading in a bearish trend,
probabilities will be high that the market will go lower.
On a 4H time frame, the market closed, trading in a horizontal range and consolidating.
Your bearish confirmation will be a bearish breakout of the support of the range
- a 4h candle close below 1914.
A further bearish continuation at least to 1907 level will be expected then.
Alternatively, a bullish breakout of the range may initiate a correctional movement.
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🥇Gold🥇 is Ready to ⚔️Attack⚔️ to Downtrend line⏰(15_Min)⏰🏃♂️Gold is moving near the 🟢 Support zone($1,914.520-$1,910.640) 🟢.
🌊Theoretically, Gold Elliott Waves can complete its 5 descending waves in the support zone. This is while wave 3 is Extended.
🔔I expect Gold to attack the Downtrend line from 🟢 Support zone($1,914.520-$1,910.640) 🟢.
Gold Analyze ( XAUUSD ), 15-minute 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.
🥇Gold🥇ready to go up by Double Bottom Pattern🚀(15-Min)🚀Gold has managed to form a Double Bottom Pattern in the 🟢 Support zone($1,923.40-$1,921.40) 🟢.
📚 Regular Divergence(RD+) between the two bottoms of the Double Bottom Pattern is a good sign for this pattern to work.
🔔I expect gold to start going up after completing the pullback to the neckline of the double bottom pattern and breaking the downtrend line , and Gold will go up to the 🔴 Resistance zone($1,939-$1,932$ )🔴.
Gold Analyze ( XAUUSD ), 15-minute 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.
Gold remains bullish above 1930 zoneIn my yesterday's analysis, I said that I expect XauUsd to reach 1980 and my opinion hasn't changed.
As expected Gold retrace a little from the top, but considering the 700 pips rally from the recent bottom, this is nearly a correction. Also, looking at a shorter time frame, like h4 or h1, looks more like a consolidation.
Looking at the posted daily chart we see that the 1925-1930 zone is strong support and as long as the price stays above this zone, the buy dips strategy remains intact.
That being said, I will look to buy, and, if the target is reached, a 1:4 risk: reward ratio could be achieved, and that is all that matters in the end for a trader:)
🥇Gold🥇is ready to break the Downtrend line⏰(15 min)⏰!!!🏃♂️Gold is moving in the 🟢 Support zone($1,939-$1,932) 🟢 and near the Support line .
🌊Gold seems to be completing another corrective wave , which is a Zigzag structure(5-3-5) .
🔔I expect Gold to at least increase to the previous top after breaking the downtrend line .
Gold Analyze ( XAUUSD ), 15-minute 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.
GOLD (XAUUSD): Your Trading Plan For Next Week 🥇
GOLD perfectly respected a contracting supply zone on a daily time frame,
based on a major falling trend line and a horizontal resistance.
Next week, pay attention to a double top pattern on a 4H time frame.
If the price breaks and closes below 1934 - the neckline of the pattern,
a bearish continuation will be expected at least to 1926.
Because the market is trading in a bearish trend since May,
I remain very bearish biased.
However, a bullish breakout of the underlined blue are may trigger a strong bullish wave.
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🥇Gold🥇 Analyze (Road Map)!!!🗺️(15 min)🚀Gold is resting for the next climb after breaking the 🔴 resistance zone 🔴 during the last day.
🌊According to the theory of Elliott waves , the structure of gold corrective waves is the Double Three Correction type(WXY) .
🔔I expect gold to rally to the next 🔴 resistance zone($1,954.80-$1,949.80 🔴 in the coming hours.
Gold Analyze ( XAUUSD ), 15-minute 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.
XAUUSD Top-down analysisHello 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🥇 is ready to ⚔️Attack⚔️ the 🔴Resistance Zone🔴🔨 Gold started to rise after breaking the descending channel from the 🟢 heavy support zone($1,903-$1,886) 🟢.
🌊According to the theory of Elliott waves , gold managed to complete wave 5 and is currently completing wave 4.
🔔I expect wave 4 to end in the 🟡 Price Reversal Zone(PRZ) 🟡 and gold to start rising again (the 🎯 target 🎯 of wave 5 could be in the area I marked on the chart).
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.
XAUUSD Top-down analysis 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.
XAUUSD Top-down analysis 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.
🥇Gold🥇 increases after the breaking Descending Channel🚀💡After moving in the 🟢 heavy support zone($1,903-$1,886) 🟢 for a while, gold managed to break the descending channel .
💡Of course, the Regular Divergence (RD+) between successive valleys was a sign of the failure of the descending channel.
💡Another sign that we can consider increasing gold is the Buy Signal by 20-SMA and 60-SMA .
🔔I expect gold to go up to the Fibonacci levels I marked on the chart.
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.
XAUUSD(GOLD): More Fall?!
Well, as you can see the price penetrates below 1893 yesterday.
Now I am still bearish on the Gold chart and I expect the price to fall more to fill FVG.
We have two different scenarios:
The first scenario is the price starting the downward movement from 1902- 1906.
The second scenario is the price starting a downward movement from 1910-1920.
For these bearish scenarios, we can define 1880 and 1870 as TP.
💡Wait for the update!
🗓️17/08/2023
🔎 DYOR
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GOLD (XAUUSD): FOMC Ahead! Your Plan: 🥇
Today, we are expecting the FOMC minutes.
Here is your plan to trade Gold.
As you know, the market is currently approaching a key daily structure support.
Analyzing the reaction of the price to that structure on a 4H time frame,
I spotted a horizontal trading range.
1910 - 1912 is the upper boundary of the range.
Bullish breakout of that - 4H candle close above, will be a strong bullish signal for you.
I would suggest buying the market then, expecting a bullish continuation at least to 1923.
Also, remember that the news can be bearish.
In such a case, I would recommend staying away from the market.
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XAUUSD Setting up for BUYS...XAUUSD Setting up for BUYS...
After breaking out and above the 2-day range zone created from stagnant markets last week with buyers and sellers all piling up orders before nonfarm payroll on Friday we then saw gold push above the range and manage to close outside it after getting a validation retest off the top side, if gold can stay above the range zone and make its way up to 1946-48 we could catch some tasty buys after a pullback to maybe the current level or at least above/on the previous range zone which we could ride up to around 1954 first and then maybe 1971 but at the 1954 level there is a high chance it could then chase the 1925 low level by the end of the week. So my first target is 1954 from there I will wait for my price action confirmations before jumping back on the sail boat.