Xauusd - 15Min Analysis Counter trend trade :
Slight correction expected after a beautiful drop in Gold yesterday,
Possible to hit the previous lowest low on the daily or 4Hr timeframe (marked with a simple line for possible rejection) or price could easily break the current lower low (might occur just before 14:30 sast - news - normally 30 min before news)
This is Biased in my belief that a small correction occurs after a big drop or rally
This correctional move setup is for a temporary buy - very risky - hoping to make some cents, awaiting my next trend trade sell setup around the same area expected to reject price (previous daily lowest low or the previous 15 min OB before the drop - there’s two I see so the closest to current price.
NB!: this is a down trend and this is simply a test of theory that I’m taking - simply trade with the trend and note this is not advice.
Goldtrade
GOLD 4H (Pivot Price: 1877)GOLD
The gold price has shown a secondary and narrow trading since the morning, settling around the 1877 level, and therefore, no change in the expected bearish trend scenario for today,
Stabilized above 1877 would help the price reach 1885 , 1893 , and 10902
For whatever reason if the price drops and stabilizes below 1877 it will be under selling pressure again to reach 1870, 1865 and 1860
Pivot Price: 1877
Defense prices: 1885, 1893 and
Support prices: 1870 & 1865 & 1860
Duration: 4H
Gold Moving Average AnalysisAlthough I have shared a lot of analysis for gold these days, long-term investors actually do not need that much and complicated analysis. By using only two moving averages, we can have an insight into long-term gold investments.
Gold has moved along these two moving averages since the 1970s. Here, I have shown arrows where the averages are used as support and resistance for a better understanding of the situation. Gold, which is currently priced around $1917, can be expected to drop as low as $1852. This decline will not mean an entry into the bear market for gold. Weekly closings below this level are considered bear markets. But since history, this moving average has always been decisive. (Weekly EMA 85)
Around this level will be a buying opportunity for gold. In the case of an uptrend, an ascending triangle breakout seems possible.
In bear scenarios that lasted for about 5 years, gold always remained above 350 RMA per week. This is a big indicator that gold is always rising in the long run. It fell below this level only between 1997 and 2002, but later recovered and rose above it. Therefore, it would not be wrong to take this level as a reference.
GOLD 4H OUTLOOK GOLD
reminding you that, consolidation under 1877 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1865 , 1857 , and 1844
As for renewing bullish attempts, consolidation above 1877 will support the price to rise up again and recover its positive momentum to retest again to 1886 , 1896 , and 1911
Support line: 1865 , 1857 , 1844
Resistance line: 1886 , 1896 , 1911
Liquidity collection along with GDPAfter the sharp drop in the price of gold, the market is currently suffering and is going through its natural cycle
There is a lot of liquidity at the bottom of the range, which according to today's GDP news, I predict that the price of liquidity will collect the floor and move upwards with strength, and the range will break from above and we will see a change in the price structure.
Pouya Talebi
GOLD:Trading strategywwadingview.com
Gold is once again the same as I predicted yesterday. Today, it finally tested the support of 1900. At present, the support of 1900 is very strong. If 1900 is tested again and rises, then it can be judged that the probability of rising increases.
Because it is still a downward trend, we need to strictly observe the support of 1900. If 1900 falls below again, then gold may fall to near 1885.
So now trading needs to strictly set the stop loss.
Short-term fast trading
Gold:buy1900-1902 TP1908-1912 SL:1898
Want to know how to trade?Like and subscribe.Follow me
Gold Falls 1% as Fed Supports Rising Dollar Introduction:
In recent market developments, gold prices have experienced a significant 1% drop as the Federal Reserve's support for a rising dollar takes center stage. This shift has caught the attention of traders worldwide, prompting concerns and deliberations about potential short-term opportunities. In this article, we will delve into the factors contributing to this decline and explore why it might be an opportune moment for traders to consider shorting gold temporarily.
Understanding the Fed's Impact:
The Federal Reserve's stance on monetary policy plays a crucial role in shaping currency values and subsequently affecting the price of gold. As the Fed supports a rising dollar, it signals confidence in the US economy and its recovery, which often leads to a decline in gold prices. This inverse relationship stems from the fact that gold is often viewed as a safe-haven asset, inversely correlated with the strength of the dollar.
Evaluating the Temporary Opportunity:
Considering the current scenario, traders should approach the decline in gold prices with a cautious yet opportunistic mindset. While short-term fluctuations are common in the financial markets, this particular drop presents a unique opportunity for those looking to capitalize on the temporary dip in gold prices.
Call-to-Action: Temporary Shorting of Gold
With a concerned tone of voice, we encourage traders to consider the following actions:
1. Conduct Thorough Analysis: Before making any trading decision, it is essential to conduct a comprehensive analysis of the market, taking into account various factors such as economic indicators, geopolitical events, and the overall sentiment towards gold.
2. Set Clear Objectives: Define your short-term trading objectives and establish a clear exit strategy. Determine the desired profit targets and consider implementing stop-loss orders to mitigate potential risks.
3. Monitor Market Indicators: Stay updated with the latest market indicators, including economic data releases, central bank announcements, and any significant developments that may impact the value of gold or the dollar.
4. Utilize Risk Management Techniques: Implement sound risk management techniques, such as proper position sizing and diversification, to protect your portfolio from potential losses.
Conclusion:
While the decline in gold prices may be concerning, it also presents traders with a temporary opportunity to short gold. By carefully analyzing the market, setting clear objectives, and employing effective risk management techniques, traders can potentially capitalize on this dip. However, it is crucial to remain vigilant and adapt to changing market dynamics, as the volatility in gold prices can be influenced by multiple factors.
Disclaimer: Trading involves risks, and the decision to short gold should be made after careful consideration of one's risk tolerance, financial situation, and market knowledge. It is advisable to consult with a financial advisor or professional before initiating any trading positions.
Remember, seizing opportunities in the financial markets requires diligence, knowledge, and a calculated approach. Good luck with your trading endeavors!
XAUUSD (Gold): 19/09/2023: 🔴Important sell zone🔴
As you can see price started an upward move after collecting the liquidity below 1903 and there was a liquidity pool above 1930 that was collected.
Now price touches the important supply zone that can push price down.
In this zone with a lower time frame confirmation, we can enter short and expect the price to go down at least till FVG.
💡Wait for the update!
🗓19/09/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
XAUUSD 1H 400/500 PIPOANDA:XAUUSD
Hey there dear attendants
It will be a pleasure if you could brace me with your supportive likes & comments if you would have tested my strategies
Lets see what happened and break the leg 😍
Hope to benefit for all
So excited 😝 looking forward from hearing from you
Wish the best
is not financial advice
XAUUSD:27/9 Today’s Trading StrategyWednesday: During the international prime Asian trading session, also boosted by the rebound from bottoming out overnight and the decline of the U.S. stock market, the decline stopped within a narrow range, but the fluctuations were limited, and there is still a risk of a short-term decline. Yesterday, gold once fell below 1900, the first low since August 23, and finally closed down 0.78% at 1900.74. After gold continued to decline in the previous trading day, it is currently temporarily supported at the 1900 mark. This is also the position where it was supported and rebounded in the last round of decline, but this time it will not be so lucky to rebound. After the market price touches this line, there is almost no rebound trend, but it continues to fluctuate around this line. It seems that the bulls have given up resistance, so it is only a matter of time before this position is broken. The correction pattern after a decline is nothing more than two situations, either a rebound correction or a sideways correction. After 1947 fell below 1915, there was a rebound from 1915 to 1930. This rebound is a rebound correction. Yesterday's shock around 1917 was a low-level sideways correction. Today's market is similar to yesterday's situation, which is also a low-level shock and sideways correction. After the sideways correction is completed, it will continue to move. fall. Yesterday was almost a unilateral decline. Gold rebounded weakly in the second half of the night. The highest in the early morning could only be around 1903.6, which shows that the market is extremely weak. In the short term today, it will continue to decline further. The next step may be to test the 1890 mark, so today's The operation is to follow the trend!
SELL:1905-1908
SL:1912
TP:1901
TP2:1896
BUY:1887-1890
SL:1883
TP1:1895
TP2:1900
Understanding the Debate: Bitcoin ETFs and Investor Protection Talking About Bitcoin Funds: People in the US are having a big talk about whether it's okay to have special funds that let regular folks invest in Bitcoin, like buying a piece of it without dealing with all the technical stuff.
Worried About Protecting Investors: Some important folks in the government are concerned about making sure regular people who want to invest in Bitcoin are safe. They think these special funds (Bitcoin ETFs) might be a safer way to do it.
Mysterious Court Decision: These important people mention a decision by a court, but they didn't explain it. It seems this court decision might be a reason why they want the special Bitcoin funds to be allowed faster.
Still Not Sure: The decision about whether to allow one of these special Bitcoin funds, managed by Cathie Wood's Ark Invest, has been delayed until November. This shows that the rules for dealing with Bitcoin in the US are still not very clear.
Why It Matters:
The big talk and the decision in November will affect how regular people can put their money into Bitcoin. If these special funds get the green light, it might make it easier and safer for people to invest in Bitcoin. But the delay and the ongoing talk show that people in charge are still figuring out how to handle Bitcoin, which can affect how it's used and invested in the US.
Understanding the Current Standstill in Cryptocurrency Markets aCryptocurrency Prices Aren't Moving: Cryptocurrency values, especially Bitcoin, have been staying about the same recently. When prices don't change much, fewer people want to buy or sell them.
Less Buying and Selling: People aren't trading as much on big cryptocurrency websites like Coinbase and Binance. That means they're not buying or selling as many cryptocurrencies as they used to.
Companies Are Feeling It: Some businesses that help with cryptocurrency trading are doing less business in the United States because there's not as much trading happening.
Trouble for People Who Invest: When fewer people are trading, it can be tough to buy or sell cryptocurrencies at a fair price. This can cause problems for people who invest in them.
Investments in Cryptocurrency Companies Are Down: Less money is being put into cryptocurrency companies compared to companies that work on AI and machine learning. This shows that investors are more interested in AI right now.
Hope for the Future: There's a chance that good things could happen in the future, like getting approval for a Bitcoin investment fund and an event that could make Bitcoin worth more. But there are also problems to deal with, like rules and legal issues.
People Are Still Positive: Even with these challenges, many people still believe in the future of cryptocurrency. They think it's important for regular people to get involved again to make the cryptocurrency market better.
To sum it up, cryptocurrency prices are staying the same, which makes people trade less. This affects companies and investors. More interest is going toward AI, but there's hope for cryptocurrencies with possible future changes. Despite difficulties, people are optimistic about cryptocurrency's future.
Gold outlook with DXY confirmationGold took liquidity resting at 1913 got rejected in the demand zone at 1910 where Price got a big momentum to the upside and this has given the impression that a reversal is inbound for Gold
Using the Fib retracement tool we can see that GOLD got rejected at the 78.6% line which is a strong reversal level for Price when starting out a new wave
DXY is also showing signs of weakness and if the daily candle for DXY closes as a bearish candle, then our bullish move on GOLD is confirmed
This is not an advise to buy yet but an impression as we are waiting on DXY if it would close on today's candle bearish.
One n only 1914, very expensive area#GOLD... so guys market sofar holding your supporting level 1914, as we discussed in our perveious idea about one of the most important area of the week 1914.
Keep in mind guys it will be very expensive area,
Don't hold your buying positions below that level.
It will be very tricky.
Do t be lazy here...
Trade wisely
Good luck
GbpJpy sellGbp jpy has broken its H1 level of interest and now heading downwards as its in a downtrend and will continue in that way also the reason to enter in the trade is we can see break of H1 support level and retest of level also completed bearish engulfing fail also made us think that the pair will go sell
Go short first, then go long, and keep making money!The trading ideas I will share with you today are: first, close our long gold order in the 1915-1913 area at the 1923 position and stop the loss in time; secondly, we will short gold in the 1915-1913 area. Obviously, our timely stop loss greatly reduced the loss of our account, and we promptly adjusted our trading strategy to short gold near 1913, and successfully reached my expected profit target of 1908.
At present, gold is completely in a short trend, and the short energy has an absolute advantage. Therefore, our trading strategy has been to maintain a high level of shorting gold recently. At present, gold has reached the lowest level of 1900 mark area. At this stage, we should not go long gold easily.Friends with aggressive trading styles can try to do long gold in small batches around the 1903-1900 area to gain local rebound profits. After gold rebounds, we will look for opportunities to short gold again.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Again, will gold go bearish? Today's H4 AnalysisHello everyone, I have some fresh updates on the gold market. The pace at which gold is currently moving is relatively quick, having already shattered two resistance levels.
If we consider an alternative scenario, the levels of 1938 and 1940 are now seen as viable resistances.
It appears that there is a considerable bearish momentum in the market. If the 1928 & 1930 support levels give way, we should brace ourselves for our final target which lies at the 1916 & 1903 marks.
please note that financial markets can be unpredictable, and it's essential to consider various factors and perform thorough analysis when making trading decisions.
If you like our analysis, then you can boost our posts. You can leave a comment in the comment section.
Good luck and best wishes to everyone.
Will Gold Meet Our 1903 Goal? Check today's analysisIn FOMC News, when gold broke from 1947.2, at that time it had come down continuously till 1914, then pulled back and gone up to 1925. Still, the market is running on 1925.
1929.80 is a great resistance; if Gold does not break it, Gold will come down further; then the support is 1916 and 1912.
We think it will break them too and meet our target of 1903.
If you like our analysis, then you can boost our posts. You can leave a comment in the comment section.
Good luck and best wishes to everyone.
Now, gold goes up? or Still 1903 Target AvailableAs we said in one of our analyses yesterday, if the market breaks 1916, then the market will go down further. We saw that the market actually went down, and now the market has pulled back a bit and is up to 1916.
We expect the market to go lower now and meet our target of 1903.
If you like our analysis, then you can boost our posts. You can leave a comment in the comment section.
Good luck and best wishes to everyone.