Gold/XAUUSD ~ 4H Swing Chart (Oct 2023)TVC:GOLD chart mapping/analysis for short-term swing trade strategies.
Goldtrade
Gold/XAUUSD ~ Daily Swing Chart (Oct 2023)TVC:GOLD chart mapping/analysis for med-long term swing trade strategies.
🚨🥇Gold🥇 will continue to Fall🚨✅Gold managed to break the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and support line yesterday by Bearish Marubozu Candle .
🌊According to Elliott Wave theory , Gold is completing the Double Three Correction(WXY) .
🌊Currently, Gold is on the way to complete microwave C of the main wave Y after breaking the 🟢 Support zone($1,904.260-$1,886.49) 🟢.
🔔I expect Gold to fall to the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and the support line to the 🟡 Price Reversal Zone(PRZ) 🟡 after the pullback.
Gold Analyze ( XAUUSD ), Daily 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.
GBPJPY buyas our last idea has not gone up to the mark and we have taken a long position as we have seen a double piercing patteren or failed bullish engulfing price is forming another bullish candle
Again Gold Sell Target? check idea Hello Everyone, As we have seen for the last several days, gold has been going down continuously, and yesterday it went up to 1857.
After that, there was a slight pullback, and it went up. Now that gold is running in 1874 or 1875, we are hopeful.
Gold will go back between 1875 and 1878, or back between 1885 and 1888, after which our next target is 1855.
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.
Being long on gold has already made good profitsYesterday, gold fell to a low of around 1858, and then gold began to rebound. Gold is currently trading around 1871. Yesterday I published two articles in a row to remind everyone that the time to go long gold has come, and I have already started to go long gold.
I currently hold long gold trading orders in the 1875-1858 area in batches, and I have not closed the order so far. Although gold has fallen back, I firmly believe that the 1873 position is not the highest point of gold’s rebound. Today, Friday, I think gold will continue to rebound next week, so I will continue to hold the long gold position I currently hold. By next week, I believe that by next week, I will definitely make a very handsome profit.
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!
Gold waiting setupStill not yet the right time to go long with gold till the complete wave set as we're still in third from the C
looks like will settle around 1800 lvls, but lets wait and find out.
GOLD SHORTGold is running in a strong bearish trend so we mostly go into a reentry sell to ride the trend. Here the possible retracement point for gold in previous support and dabel maru in H4
Support turn into resistance 1867#GOLD.. well guys now market support 1867 is turn into resistance,
Keep close that area for now it will be your key level in tomorrow.
Any further selling only possible below that area in hour chart.
Keep close it and manage your positions accordingly.
Trade wisely
Good luck
Correlation of Gold and DFII5(Inverse) Gold and 5-year inflation-indexed bond interest rates, which have been in full correlation since approximately 2006, broke this correlation as of 2022.
Bond interest rates, which were around -1.8 at the beginning of 2022, increased to 2 by the end of 2022. During this period, if gold had followed the interest rates without breaking the correlation, it would have fallen to $830, that is, it would have lost 58% of its value. But this did not happen and gold fell to $1640, losing 17% in value.
Subsequently, the interest rate decreased from 2 to around 1.15, causing the gold to rise by around 22%, above $2000 again.
Finally, as the interest rate increased from 1.15 to the current level of 2.42 since last March, gold fell to $1865, recording a 7% decrease.
Based on this analysis, we can conclude:
1/Gold and 5-year inflation-indexed bond interest rates are fully correlated under normal market conditions. When bond yields rise, gold falls; When interest rates fall, gold rises. These rises and falls occur at nearly the same rate under normal market conditions.
Since 2022, when the correlation was broken, every increase in interest rates has only reduced gold by 1/6. However, on the contrary, the decrease in interest rates continued to increase gold at the same rate.
Therefore, although gold is suppressed against the changing and hardening monetary policy of the USA, its decline is not as deep as it should be. Therefore, we can say that gold is a solid investment tool in this process.
In light of this information, I think that in a scenario where the markets settle down and interest rates reach 0, gold will easily break its previous peaks and reach extraordinarily high levels.
It’s time to go long goldAt present, gold has fallen to around 1858. I think friends who are short gold should have made a lot of profits. But as far as the current trend is concerned, I do not recommend that you continue to short gold. Instead, now is the time to consider going long gold.
This round of gold decline has actually exceeded my expectations, but I think the lowest point of this round of decline is almost around 1850. So I predict that gold will resume its rebound soon. At present, everyone can do long gold in batches in the 1860-1850 area, and then wait patiently for gold to rebound. Friends who are already long in gold, don’t worry about this. I think you will make very good profits within the next week at the latest.
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!
I've started going long goldAt present, gold has fallen to around 1958. I think friends who are short gold should have made a lot of profits. But as far as the current trend is concerned, I do not recommend that you continue to short gold. Instead, now is the time to consider going long gold.
This round of gold decline has actually exceeded my expectations, but I think the lowest point of this round of decline is almost around 1950. So I predict that gold will resume its rebound soon. At present, everyone can do long gold in batches in the 1960-1950 area, and then wait patiently for gold to rebound. Friends who are already long in gold, don’t worry about this. I think you will make very good profits within the next week at the latest.
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!
Gold pullback idea, will it rebound to 1920? Hello traders, previously, I had recommended selling Gold at the 1940-1950
level. As expected, Gold fell heavily after FOMCH which I already predicted.
📌Currently, the price of Gold is around 1875 level.
📌Yesterday, the bearish impulse was so strong that buying Gold looks very
risky now.
📌That being said, a pullback to 1900 or 1920 can not be ruled out. If the level
at 1870-1875 holds and multiple bullish candlesticks form at this level, then we
can consider buy Gold with a tight SL and TP at 1900, 1920.
at his 2nd day of the support#GOLD... market just reached at his 2nd day support,
any weakness below that area mean it will lead you towards 18965 and keep in mind gold have a gap on this area.
keep close it and short again below that level for next area,
trade wisely
good luck
XAUUSD: 28/9 Today’s Trading StrategyOn September 28, the gold market started to fluctuate. It will take some time to digest the large movements yesterday. Gold is currently trading at around 1876. The price of gold fell again on Wednesday and fell for the third consecutive trading day. It fell below 1880 for the first time since March 13. The intensity has further increased. Although it has fallen beyond the lower track, there is a certain demand for a technical recovery. However, the indicators in the attached picture still show no signs of weakening short positions, which implies that there is still room and strength to continue to decline in the market outlook. The trend will rely on the lower Bollinger Bands or the resistance of the 5-day moving average for high-altitude entry, waiting for the weekly target to be reached. The current high of 1950 has clearly peaked. This impact has led to a negative decline in 1947, laying the foundation for the Air Force's downward trend. The Federal Reserve's interest rate hike expectations are even more hawkish, and the fundamentals are overwhelming the bulls. The daily line also surges higher and then retreats, and the volume continues to decline, and the MA5-MA10 moving average crosses over. The weekly line is also repeatedly under pressure at the Bollinger Track and enters a volatile downward stage.
Yesterday, the technical side of gold opened and saw the day's high of 1903. The line continued to come under pressure and fluctuated downwards. The European market further accelerated downwards and penetrated 1890 and continued to weaken. The US market accelerated downwards and penetrated the 1880 integer mark and continued to fall back to 1872. Weak closing, the daily K-line fell back and broke the bottom, and the overall price hit a new low for the year. It can be seen that the rebound was very little, and there was no chance for a rebound. The golden four-hour line continued to have a negative line downwards, and the last two days have all closed with a negative line. , directly breaks through the support level, from 1910 to 1900 and then to 1890, each support level is passed directly in one step. This is the strength of the short position, and trading with the trend is inevitable.
So for today's operation, just take advantage of the trend and go short. We will not consider long orders for the time being. If the upper limit touches near 1882, we will directly go short. The stop loss is still 7 US dollars, and the target is 1865.
Gold continues to struggleOn Wednesdy gold slumped below $1,900 per ounce to hit its lowest level since March this year. Some analysts blame the dollar for this, pointing out that gold is negatively correlated with the US dollar. In fact, while this can be the case, there are plenty of times in history when the two have risen together, fallen together or completely ignored each other. It’s best to treat the two separately when it comes to trading. The big question now is whether gold will continue to slide or find support and manage to recover?
The precious metals complex, which includes silver, ETFs and individual mining stocks, is in the doldrums, but also looking fairly oversold. That means nothing on its own, as markets can remain 'oversold' or 'overbought' for much longer than most of us would deem reasonable. But the bears should probably be a bit cautious now with the down-trend in gold being around 5 months' old. The chart suggests that there could be some more downside, although the area around $1,800 could offer significant support, were we to get there.
But in terms of recent swings, bear in mind that last November gold was trading around $1,630 yet 6 months later it hit an all-time high above $2,080.
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.
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
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XAUUSD SHORTSlondon left some interesting information and newyork aswell lets see if we can capitalizeoff this oppurtunity
