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Goldtradingsetup

The GOLD move today Summarized | Lost Trade by the way I think sells have now become dangerous as that low has been both tapped and rejected - buys aren't ready just yet but sells have become a hazard I will produce a more extensive analysis in a few hours I still Wouldn't trust buys just yet as the bullish momentum isn't very clear as of yet - it could still drop at anytime - however as I would have mentioned earlier - sells in my opinion have become a hazard! The dealer would have taken out traders stops at the previous low (blue circle) with this current spike low..which means that buyers would be taken out Sellers also would have been induced below that level and are currently being dragged the wrong way - making sells dangerous at this time Concerning the orange line - even more buyers are being induced and what I am asking here now is why would the dealer induce buyers if he wants to sell? He'd induce buyers if he wants to buy - stop out those same buyers by selling temporarily and then spiking the market higher up Just my 2 cents - still can't make a move yet but let us watch and see what happens s3.tradingview.com Update - the dealer is driving price lower - either possibly to resume sells (unlike in my opinion) but possible OR To stop out buyers on the previous bullish induction (orange line) I ask again - why would the dealer induce buyers if he wanted to sell the market ? Pink line possible??? s3.tradingview.com To me sells would only become viable again if price can get back to the previous low (purple circle) and break that low s3.tradingview.com 1 Minute time frame shows a break and retest (to sell) and seller induction - What could be the reason for trying to get traders to sell? s3.tradingview.com Why would the dealer give such a good opportunity to sell here? Also pay close attention to how the spread is being manipulated - look at how much wider it is at this time s3.tradingview.com Yummmmm lol s3.tradingview.com One thing we have to take into consideration - what if this is a spike to take out sellers to then drop? - if it is, buys still aren't safe yet but sells are still off the table s3.tradingview.com Watch for this level to be stop hunted before entering buys I think s3.tradingview.com If Price can push back bullish from here - I think you have a safe (ish) buy possible We have the bullish momentum on our side now.. What do you think ? s3.tradingview.com Price hasn't confirmed the bull move has returned yet - wait I'd prefer it to clear that high first s3.tradingview.com And this my friends is why we wait lol s3.tradingview.com Giving it a try around this level - Godspeed to me LOL s3.tradingview.com Stopped out - On to the next s3.tradingview.com Buys off the table for now as it seems gold is preparing to consolidate for a while...sitting on my hands for now
OANDA:XAUUSDLong
by Brandon_evo4
XAUUSD: 13/12 Today’s Gold Analysis and RecommendationsGold technical chart daily pressure is 2040, with support below 1978-1950 The four-hour pressure is 2000, and the lower support is 1955 One-hour pressure is 1988, support below is 1955 You can consider selling first after today's rebound, but you should note that today's Powell's speech may make gold rebound to around 2000, but as long as the price is still below the 2000 mark, it will still be a short trend. ✅Operation suggestions: SELL: Around 2000, target 1990~1955 SELL: Around 2010, target 1990~1955 SELL: Around 1990, target 1980-1955 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
USOIL: 13/12 crude oil continues to sell on highsCrude oil (USOIL): Today opened at 68.7, the Asian market fell by 6 US dollars, and then rebounded and fluctuated slightly. Yesterday's waterfall did not show an obvious sign of rebound this morning. At this position, friends must be careful, there is no sign of rebound. , then crude oil will continue to see a downward trend. The support at 68 is already difficult to defend, so look for opportunities to sell at highs today! ! Wait for signal update
TVC:USOILShort
by ActuaryJ
What GOLD did today - EXPLAINEDGood Morning folks - How is everyone this morning, As per yesterday, I closed my sell around the green circle because if you remember what I said. I mentioned that gold would be temporarily bearish so sells should hold for that long (we know it won't be forever) It seems that I was right to close because price didn't go that much lower after me closing, only really adding 1R to the trade but had I held it it would have definitely come back up to take back profits from me. I have a new analysis this morning because obviously a lot happened and there is new data that we can observe. So let's get into it Firstly just after the green circle you will notice a blue circle I believe that if price has to actually go up (back bullish) it needs to at least clear this area because this would be the lowest point in recent times - which suggests that there would be a great deal of buyers at this level. If there are a lot of buyers at this level we know there are a lot of stops below this level and thus a lot of liquidity trapped below there, if the dealer wants that liquidity he needs to drive price back to that low to stop hunt that level in a way like the (orange line) when and if he gets there is yet to be seen. After the big blue circle we have the 2 yellow lines creating a bullish channel - which again suggests that even more buyers are buying because at the areas below the taps I have indicated, we know that there would be a lot of stop losses below these areas and thus even more liquidity. The question we have to ask ourselves is - does the dealer wish to drive price back bullish while keeping these buyers in their positions and allowing them to win? If I were the dealer - absolutely not, if I were the dealer and I needed liquidity (energy) to drive price bullish and I knew it had liquidity lower, in a heart beat I'd find a way to push price lower to take out those stops As of right now I can't do anything as the market currently is neither bullish or bearish momentum based so I have no choice but to wait and watch but rest assured I'd be watching lol I'd be lying to you if I could tell you what I think is going to happen next - I don't, but sometimes that is set up in such a way to test traders ability to sit and watch. Market isn't doing much - leave it alone, wait for your set up. Don't boost if you didnt read this entire post and didn't even try to understand OR Boost if you did read this entire post and tried to understand See you guys in a few hours for an update :) s3.tradingview.com Just got back from the gym - Checking it now ,seeing as we have news in 15 minutes or so The fact that gold is pushing so aggressively prior to said event - further strengthens the case for sells in my opinion Why would it go through all this stress to buy before the news and continue to buy? when we know we need to destroy buyers at the low This bull push could be to continue to induce buyers at this point only to crash gold further down to take out liquidity of all buyers who bought on the trend and at the low I think the green line is the path for this news event - More sells definitely make more sense to me at this point between now and the news event itself I wouldn't sell yet by the way - I need confirmation of momentum (bearish) first What do you think? Downvote\don't boost if you didn't read this entire post and didn't try to understand OR Upvote\boost if you did read this entire post and did try to understand s3.tradingview.com Update - This bearish candle is worrying me a bit in terms of sells - It is inducing sellers at this point - which suggests that it could be a whipsaw (clear out both buyers and sellers) at this point - Which also makes sense for the dealer Considering the fact that gold hasn't destroyed sellers for the NFP event on Friday - Maybe now is the dealer's chance to destroy EVERYONE The question is if it were going to sell - why would it sell before the news event to start to get sellers interested? I Definitely don't advice trading this market at this time AT ALL I Still think the green line is possible but this is scary Way too dangerous s3.tradingview.com 1 minute time frame shows a break and retest set up - in a class with a student and we just realized this. Price actively targeting the previous high it just created maybe to stop out sellers before actually dropping - that would be lovely At this time buyers again may be induced at this level to buy - which again strengthens my belief for sells Again I am telling you - take my stupid advice, don't try to trade this news event lol s3.tradingview.com Yup it is a whipsaw - Take out both buyers and sellers God alone knows what can happen now - I told you guys to stay away, it was way to dangerous s3.tradingview.com It could still sell from here (in accordance with the green line) however but again the after news volatility is still to high - I still don't advice trying anything s3.tradingview.com That was a disgusting whipsaw - holyyyyyy wawwww s3.tradingview.com How did I know it would likely be a whipsaw? The red candle prior to this candle sold it out - Let me explain So the red candle that closed prior to this current candle is an outlier and the reason for that is simple Why would the dealer go through all the stress of inducing buyers to buy and then try to also get sellers to sell - we have to constantly ask who is the dealer aiming to trap? Originally I thought it would be the buyers alone but as soon as I saw that red candle I had to ask - why is the dealer inducing sellers as well? The answer is he needs to clear the board - take out both buyers and sellers and that is very likely why the move is now playing out like I would have drawn earlier Now that the board is cleared the dealer has enough liquidity (from both side - buyers and sellers) to make his move any way he sees fit. The wick that is being created now further adds confirmation to this fact for me as he is still very much trying to get rid of any sellers who don't know how to deal with FOMO and are selling at this time DESPITE me warning not to do so lol What you going to do right? the money has to come from somewhere - if you are trying to trade this now it is very likely that you are putting money into winning traders pockets later on Godspeed folks Downvote\don't boost if you didn't take the time to read this entire post and didn't try to understand OR Upvote\boost if you did take the time to read this entire post and did try to understand We get paid as traders to UNDERSTAND contrary to popular belief, it is only when you understand you get paid - most traders have absolutely no idea what they are doing and are simply guessing and calling themselves traders STOP. Slow down and try to understand what you are seeing. Good luck to all traders today - Godspeed folks :) s3.tradingview.com
OANDA:XAUUSDShort
by Brandon_evo4
GOLD Possible News Move?Just got back from the gym - Checking it now ,seeing as we have news in 15 minutes or so The fact that gold is pushing so aggressively prior to said event - further strengthens the case for sells in my opinion Why would it go through all this stress to buy before the news and continue to buy? when we know we need to destroy buyers at the low This bull push could be to continue to induce buyers at this point only to crash gold further down to take out liquidity of all buyers who bought on the trend and at the low I think the green line is the path for this news event - More sells definitely make more sense to me at this point between now and the news event itself I wouldn't sell yet by the way - I need confirmation of momentum (bearish) first What do you think? Downvote\don't boost if you didn't read this entire post and didn't try to understand OR Upvote\boost if you did read this entire post and did try to understand
OANDA:XAUUSDShort
by Brandon_evo4
A GOLD buyers Trap?What's up guys so I've closed my sell but I'm still looking at gold itself and I want to discuss this price action within this green circle here This price action speaks to rejection - it suggests that gold is having more problems moving lower and maybe we should look into buys But I think this in and of itself is a trick being played on us by the dealer - I've seen it before as well Let me explain - There is a question we have to ask here. Why would the dealer simply stop and turn around the market to produce buys right at such a low point. We know that gold is bullish so buyers would really win overall Do you think the dealer wants the buyers to win? I don't think so so what better way to get buyers to lose than to induce them to buy and continue to sell even lower? By no means am I saying we should sell here as there is no confirmation of such but I am saying I feel like this is a trap to buy, makes me not trust it at all Let us monitor
OANDA:XAUUSDShort
by Brandon_evo4
XAU/USD Shorts from 2020.000 down towards 1980.000With gold reaching all-time highs (ATHs), we now anticipate a robust bearish reaction due to the substantial liquidity it has absorbed on the upside. This is evident from the long wick at the top, signifying a liquidity grab on the higher time frame. Additionally, the price has been exhibiting highly impulsive movements, indicating an impending retracement. To capitalize on this outlook, I will be seeking selling opportunities around the daily supply zone at 2020, intending to execute sells further downward toward the liquidity points at the bottom. Furthermore, our identified zone has triggered a significant downward break, creating an opportunity for a redistribution phase, enabling us to continue with further sell positions. Confluences for GOLD sells are as follows: - Price has CHOCH & broke structure to the downside on the higher time frames. - Recent bullish movement is due for a retracement as price action has been very impulsive. - Lots of liquidity has been swept to the upside including the all-time highs (ATHs). - Dollar has risen so can expect a continuation in which gold will start a bearish trend. - Daily supply zone was left which has caused a BOS and has left an imbalance. - There is a refined POI inside my daily supply which makes the sell opportunity in that region more probable. - There are barely any reversal magnets on top of the recent highs and there is lots of liquidity below that will attract price to come pick up. P.S. Despite the price reaching all-time highs (ATHs), my overall outlook on gold remains bullish, and I anticipate the price trajectory to surpass the previous high. However, at present, we base our trades on current market conditions. I am expecting a correction around 2020, with the expectation that the price will interact with the defined supply within the 0.78 Fibonacci range. Subsequently, I will be searching for favourable selling opportunities in that region. However, it is plausible that the price may opt to decrease before initiating the retracement, potentially addressing imbalances beneath our current position.
OANDA:XAUUSDShort
by Hassan_fx
1
XAUUSD: Today’s market analysis, trading strategyGold technical chart daily pressure is 2100, with support below 2000 Four-hour pressure is 2040, support below is 2010 One hour pressure is 2030, support below is 2000 Today's NFP, gold is currently in a triangle shape for repair and consolidation. After the repair is completed, entering the market today will still follow yesterday's thinking: during the day, we need to pay attention to the two pressure levels of 2030-2040 above, 2010 below it is a small support, and the 2000 mark belongs to the daily level. The watershed between long and short, falling below 2000 will usher in the reversal trend of the big cycle SELL: around 2040 (can be held for a long time and enter the market repeatedly) BUY: around 2010
OANDA:XAUUSDShort
by ActuaryJ
GOLD NFP?s3.tradingview.com Good Morning folks - we have NFP in just under an hour or so Gold is still range bound having (as I would have mentioned days prior) not doing anything significant However the purpose of keeping gold within the range is to continue inducing traders to both buy and sell within the range The dealer cannot take your money if it never leaves your broker See Next below s3.tradingview.com That being said we have an instance of the dealer driving price bearish which may have taken out a big chunk of the buyers that were interested on that bull trend (within the range) What I find to be very interesting is this move happened before todays news event which leads me to believe that the spike to the downside should be minimal OR EXTREME Let me explain I believe traders would have also caught buys at that last "liquidity grab" (green circle) which means the dealer either needs to ignore that area if it doesn't have a big chunk of buyers there OR he needs to completely decimate that area and go to the low of the range The ONLY reason I believe the dealer drives price in the opposing direction of the momentum is to capture liquidity that he can use to then go in his intended direction So I am looking at 2 possible moves See next image(s) s3.tradingview.com Move #1 - Stop short of the last "liquidity grab" but still take out that last set of buyers AND then proceed to buy for NFP The reason for this one would be to catch traders off guard, I've seen this before where we expecting this big extravagant move from the market. We hope for chaos to ensue so that maybe justtttt maybe we can take advantage of that chaos. The dealer may think we are expecting that and move the market away from this area silently but still take out the last bit of liquidity Interestingly enough you'd be surprised also to know that the dealer doesn't have to drive price that low to still take out buyers interested at the absolute low of the consolidation range He can use the spread. Nothing says that the dealer cannot manipulate the spread in these instances - you may be in a buy at the low of the range then all of a sudden you aren't in a buy anymore - you got spread hunted All in all - This is the sneaky approach on behalf of the dealer See next image s3.tradingview.com Move #2 - this is the chaotic move everyone most likely would be expecting Drive price really low - to the low of the range, break out below the range, take out buyers stops, induce traders to sell at the breakout and then at the last minute begin rejecting the downside to drive price back upward By now I'd hope that most traders know that trading the news events are extremely dangerous and trying to catch this move can result in loss extremely quickly Doesn't mean people won't take me seriously and not trade however, rest assured the dealer will still get some of you if this move is to play out That being said you can still only consider buys safe if price can clear the green zone that we discussed yesterday and day before which would represent the previous ATH (all time high) I know it would be very far from price at this point and you'd want to make money NOW but if you read my bio on tradingview here you'd realize "now money doesn't last forever and forever money won't come now" - @ekatatrading \ Brandon Abass. Also you may be surprised as to how quickly gold can achieve that move (blue line). At the end of the day this is still GOLD With that being said - what do you rather, unsure risk? or considerably safer risk? Risk is risk but in the words of my father - "it is never what you do but how you do it" And how you do anything is how you do everything s3.tradingview.com That being said however I do feel move #1 (pink line) is more possible and likely as - we all know that we expect craziness for NFP If I were the dealer I'd do the opposite of the expectation "expectation is the route cause of all disappointment" Make the move in silence and catch everyone with their pants arounds their ankles. The dealer get's away with murder one more month Downvote \Don't boost if you didn't read and didn't try to understand my perspective - if you did read and still disagree then absolutely downvote OR Upvote \Boost if you did read and do understand Follow for more analysis like this - it's free :) Godspeed to all trading today
OANDA:XAUUSDLong
by Brandon_evo4
GOLD actively inducing BUYERS within the range?Good Morning Folks - Virtually not a lot of movement on gold as price is still within the range - Not going to even bother to look for anything today as trading within the range for my style doesn't provide much opportunities If trading within a range works for you - now is your chance but personally I feel like gold hasn't been up to much in the last 3 or so days Also again I will remind you - gold is a bull market - The dealer's target will be buyers..it is interesting that so many buyers may be induced along these trendlines that are forming WITHIN the range Meaning - you are being induced to buy for the market to essentially go nowhere Maybe?? Not a lot of sellers being induced as of this point s the only real area they can be induced is at the high of the range - but if gold continues to buy in accordance with its momentum - the sellers would naturally be taken out This is why I believe that it makes sense for more buyers to be induced at this time I will also leave a link to the last idea I posted here - This is to remind you of the two different possibilities I am expecting on GOLD But I feel like a spike downward (pink line) to take out all buyers below the range then more buys upward back to the ultimate high makes more sense Set your alerts and sit and wait - one thing I think is very possible is...it's going to be a massacre tomorrow for NFP Downvote if you didn't read this entire post and didn't stop to try to understand - if you still disagree then absolutely downvote OR Upvote if you did read this entire post and did try to understand
OANDA:XAUUSDLong
by Brandon_evo4
3
GOLD XAUUSD Technical Analysis And Trade IdeaIn recent times, GOLD (XAUUSD) has exhibited a robust bullish trajectory. This video meticulously dissects this trend, delving deep into price actions and uncovering potential trading opportunities through comprehensive examinations of both weekly and daily timeframes. Expect an exhaustive evaluation of price dynamics, market patterns, trend evaluations, and essential technical analysis elements. It's pivotal to underscore that the information shared here serves solely for educational purposes and should not be misconstrued as financial counsel.
OANDA:XAUUSD
by tradingwithanthony
2
Will gold hit a new record high after NFP? In recent days, gold has seen a remarkable surge, reaching an all-time high of $2070, fueled by growing speculation surrounding the Federal Reserve's potential monetary easing in 2024. This surge coincides with mounting signs of a cooling U.S. labor market, which has captured the attention of traders and investors alike. Traders are currently factoring in a 60% probability of a rate cut by March of the following year, as indicated by CME's FedWatch Tool. This expectation is rooted in the belief that reduced interest rates could make zero-yield gold more appealing compared to alternative assets like bonds and the dollar. This week's Labor Department report added weight to the notion of a shifting labor market, revealing a decline in job openings to 8.73 million in October— the lowest level since March 2021. As these indicators set the stage, all eyes now turn to the upcoming U.S. non-farm payrolls (NFP) data, scheduled for release on December 8. This data holds the potential to be the decisive factor shaping the future trajectory of both gold and silver prices. Traders are now gearing up for the NFP report, anticipating it to confirm the softening of the U.S. employment market. The consensus forecast of +185K jobs added falls below the one-year average, setting the stage for a potential shortfall in job additions. This outcome could further amplify dovish expectations for the Federal Reserve in 2024, potentially paving the way for gold to hit new record highs in the aftermath of the NFP release.
BLACKBULL:XAUUSD
by BlackBull_Markets