GOLD - Bullish BreakoutGOLD has recently broken the RANGE it has been in for the last couple of weeks.
As you can see via the labels on the chart, GOLD initially produced multiple REJECTIONS from the RESISTANCE.
Eventually, the RESISTANCE was BROKEN, changing from high volume resistance bounces to low volume RANGING.
WE were in this RANGE for a couple of weeks, where I believe that GOLD was accumulating, ready to perform a BIG VOLUME move.
This has now come to fruition as the RANGE has been broken BULLISH, where it's begun to produce HIGH VOLUME candles.
I will be watching to see where it creates a rejection zone as GOLD is currently trading at ALL TIME HIGHS.
Goldtradingstrategy
10:1 Risk-to-Reward Setup - Bull Flag Breakout with Multi-TimeThis trade setup shows a confluence of multiple factors, aligning with a high-probability approach. Here's the breakdown:
Bull Flag Breakout:
The trade initiates after identifying a bull flag, which is a common continuation pattern following an impulsive upward move. This flag signals consolidation before a further upward push. The breakout from the bull flag gives a strong entry point.
Entry Criteria:
The entry was placed at 2560.404, slightly above the breakout area, ensuring momentum confirmation.
A Stop-Loss (SL) of 30 pips was positioned below the structure, protecting the trade while allowing enough room for price fluctuations. This is crucial to avoid tight stops that may trigger prematurely.
Key Support/Resistance Levels:
5M Lower Time Frame (LTF) S/R: This level acts as a lower frame confirmation zone, ensuring support below the bull flag breakout.
15M Support/Resistance (S/R): The larger structure aligns with the 5-minute support, adding strength to the trade by recognizing that price is supported by multiple timeframes.
Target (TP) and Higher Time Frame (HTF) Confluence:
300 Pips TP is based on the HTF Trendline, offering a solid risk-to-reward ratio of 10:1. This suggests the trade is aligned with a broader market trend, increasing the probability of success.
Zone of Liquidity (LQZ):
5M LQZ represents a liquidity grab, further confirming that the market might push upwards after grabbing liquidity near support.
Key Confluences:
Multi-Timeframe Analysis: Price action supports the move on both lower and higher timeframes.
Risk Management: A well-defined stop-loss ensures minimal risk with a substantial reward target.
Pattern Identification: The bull flag within the trend adds reliability, as flags in impulsive moves offer strong continuation signals.
This trade follows the "Rule of Three," where at least three confirmations (bull flag, multiple timeframe support, and risk/reward alignment) give the highest probability of success.
9.14 Gold Short-term Analysis StrategyThe daily and 4-hour lines closed with big positives, overlooking the 2530 line that was tested many times in the early stage. Therefore, only by following the trend under the bullish trend can there be greater profit space. The price relies on the MA moving average to go up, and the trend is very clear that the bulls have an advantage.
On the one hand, it is a bullish trend. On the other hand, whether it is the hourly line or the 4-hour line, the strength of the retracement and the coordination of time after continuous pull-up, the gold price retreated to around 2545 in the early morning, and then the hourly line continued to attack the 2560 line. In other words, it is still constantly refreshing the historical high in the early morning, and there is no room for correction. The shape is relatively strong. There is no room for even retracement, which shows that the bulls are full of momentum, and there is still room for continued rise today.
Today's operation plan:
In the bullish pattern, what position should be used to plan for long positions? The market with oscillating components uses the low point of the retracement correction as support to rebound again. Today's ideas are similar to those of yesterday, and need to be combined with time. The lower support is near 2549, which is the upper track of the previous upward channel. After breaking through, it is bullish. The upper resistance is near 2580,2588.
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week with our multi timeframe chart analysis hitting targets completing all our chart ideas. We remained committed to the bull and it paid off!!
Yesterday we shared updates on the 1H and 4H chart ideas, with both ideas completed and here we have the daily chart update. This chart has been followed every week for a number of months and we have confirmed the close above 2521 leaving the gap open to 2566 for over two weeks. This was finally completed today, which also had a ema5 lock further confirming the gap before hitting it.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD - Gold Short Near Major Resistance of Trend Line here is my idea about short trade, I'm looking for a short entry expecting downside movement if the price continues to struggle below these levels.
Gold struggle to break trend line Resistance which is indicating me good idea for short
Entry Type: Short/Sale
Entry Price: 2565.556
Take Profit: 2556.176
Stop lose: 2574.973
Good Luck!
Gold Short Trade Idea - After All-Time Highs 1 Hour (1H)Gold has recently surged to new all-time highs (ATH) following a strong breakout during the New York session. The momentum carried through to the Asian session, where the price continued to climb. However, as we enter a potential exhaustion phase, there may be an opportunity to short gold.
Analysis:
• All-Time Highs: After reaching new ATHs, gold appears to be losing steam, suggesting that a retracement could be imminent.
• Momentum Loss: The recent price action shows signs of weakening, which could indicate that buyers are stepping back, providing a window for a short position.
• Technical Levels: The take-profit target is aligned with the 0.5 Fibonacci retracement level, a common area for price to pull back after a significant move.
• Price Discovery: Gold is currently in a “price discovery” phase, where the market is determining the true value after reaching unprecedented levels. This increases the potential for volatility and unexpected price movements.
Trade Management:
• Partial Profits: If the trade starts moving in our favor, it’s advisable to take partial profits along the way. This strategy minimizes risk and locks in gains, as waiting for the full target may be too optimistic in a volatile environment.
• Tight Stop-Loss: Given the current market conditions, it’s crucial to keep the stop-loss tight. The market is in uncharted territory, so protecting your capital is paramount.
This trade aims to capitalize on a potential pullback after a historic surge in gold prices. However, caution is essential due to the “price discovery” nature of the market at these levels. Manage your risk carefully and be prepared to adapt to the market’s movements.
Trade carefully, and good luck!
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Gold Trading Strategy: A Professional Approach to XAUUSD 👀 👉 This comprehensive video presents a sophisticated trading plan for the XAUUSD (Gold/US Dollar) market, designed to maximize profitability through a structured approach. We delve into crucial aspects of technical analysis and leverage TradingView's advanced tools to gain a competitive edge in the markets.
Key topics covered include:
1. Trend identification and analysis
2. Entry and exit criteria
3. Market overextension assessment
4. Discount entry strategies aligned with institutional positioning
5. Higher timeframe trend analysis combined with 4-hour chart entry points
6. Price action and market structure interpretation
Our methodology emphasizes the importance of avoiding premium entries in bullish markets and instead focuses on identifying optimal discount entry opportunities. By aligning our strategy with institutional movements, we aim to enhance the probability of successful trades.
The video provides a detailed exploration of various technical analysis components, including:
- Trend analysis techniques
- Market structure interpretation
- Price action patterns
- Overextension indicators
- Traded Volume indicators
- Multi-timeframe analysis (higher timeframe trend combined with 4-hour chart entries)
This comprehensive approach to XAUUSD trading is designed to equip traders with the tools and knowledge necessary to navigate the gold market effectively and potentially increase their trading success.
Disclaimer: Trading in financial markets carries a high level of risk and may not be suitable for all investors. The information provided in this video is for educational purposes only and should not be construed as financial advice. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before making any investment decisions. Trade responsibly and use proper risk management techniques. 📉✅
GOLD TO 2600$ HELLO TRADERS As,
GOLD just tested a strong resistance zone 1570$ on fib its a new ATH i can see a FVG near broken resistance 2533 which it have to fill and grab liquidity to make a new all-time high 2600$ which we had mention in our previous analysis friends its just a trad idea shares Ur thoughts it help many other traders
Stay tuned for more updates
GOLD Trend-pullback Buy Off S&RI had a really good entry for this GOLD buy, but unfortunately, I decided to move my stop loss too soon after seeing the sell reaction from the top of the range (Previous High). If I had not moved my stops, the price would have reached my target, even though I exited with almost half of the profits on this trade.
Price has made new all-time highs, which was expected, but I was skeptical of holding on because we had quite a few impactful news that would have affected USD strength and hence GOLD strength.
BULLISH GOLD PROJECTIONWe've been completely bullish with the current market structure failing to make a shift
2600 Price reach could be seen in no time and we should follow the psychological levels to note our resting points when there are no Resistance to look up to.
at Fxbleem Academy we strive to impact positively in a way that traders become independent of themselves. join us to learn more on telegram or use the comments section to learn more
9.13 Gold Short-term AnalysisGold prices rose more than 1% on Thursday, hitting a record high of $2,559.98 per ounce and closing at $2,558.54 per ounce, driven by expectations of a rate cut by the Federal Reserve next week, after data showed a slowdown in the U.S. economy. In addition, the European Central Bank's rate cut also reduces the opportunity cost of holding gold, and geopolitical concerns continue to provide safe-haven buying support for gold prices. Considering the possibility of profit-taking on Friday, we will patiently pay attention to the strength of profit-taking in gold today.
Market expectations have increased that the Federal Reserve will cut interest rates by 25 basis points at its September 17-18 meeting. The probability of a 25 basis point cut is 73%, and the probability of a 50 basis point cut is 27%. This expectation has driven gold's rise because the low interest rate environment makes gold more attractive as a non-yielding asset.
The European Central Bank announced another rate cut on Thursday, lowering the deposit rate to 3.50%. This decision is closely related to the background of weak economic growth and slowing inflation in the eurozone. The ECB's rate cut reduces the opportunity cost of holding gold, further enhancing its attractiveness.
In addition to economic data, geopolitical tensions also have an important impact on gold prices. Russian President Vladimir Putin said on Wednesday that Moscow may restrict exports of uranium, titanium and nickel in retaliation against Western countries. The statement has raised market concerns about the global supply chain, further boosting safe-haven demand for gold.
Gold thoughts 13-Sept-2024GOOD MORNING Everyone! Please find my Gold market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
SET UP SHORT ON GOLD. Team, Gold current price is 2564.09 PLEASE NOTE: gold are very risky, ensure when you set stop loss, it will tell you how much you are going to lose.
We will wait for 2561.37 to short. Wait until the pullback confirms.
Stop Loss at 2572-76
Target 1 at 2549.77
Target 2 at 2533.65
Please note: Once it hit our first target, take 70% profit and trail your stop loss to BE.
9.13Technical Analysis of Gold Short-term OperationsLast night, inflation data fell beyond expectations, while the core inflation monthly rate rebounded slightly to 0.3%. Gold plummeted to around $2,500 after the $2,529 data in the Asia-Europe session.
This week's market, as long as you follow it after seeing it, you will basically be slapped in the face. On Monday, I saw the decline from $2,500 to $2,485 before I rebounded and went short. Then on Tuesday, I saw the decline from 2,507 to 2,500 in the early trading and rebounded and went short. On Wednesday, I saw the Asia-Europe session continue to rise to $2,529 and started to sing a new high. All of these were "counter-killed".
Yesterday, I clearly said that we must prevent fake falls and the sudden counterattack of shorts. Not only will the August CPI be announced, but the price will be close to $2,530. There is no need to do any callback here. Unless it is a rapid plunge, the cost performance is too poor.
From the non-agricultural data to now, both long and short positions have been accurately stepped on, without exception. The non-agricultural data clearly stated that no matter whether the data is good or bad, the rise is an illusion, and the fall is the purpose. On Monday, the market opened directly at 2500 US dollars and shorted. After the decline, it stopped chasing shorts. After the decline, it fell to 2485 US dollars and rebounded to break through 2500. It decisively went long at 2500-01 and left the market at 2515. On Wednesday, the price was near 2505 and emphasized that it was also 2520 to go long at 2500 first. Yesterday, it was directly short at 2523, without considering chasing long near the historical high, and arranged long after the plunge.
Today, I think a large number of people have begun to stand on the side of the shorts, which is just the opposite of yesterday. The plunge in gold prices from 2530 to 2500 after the CPI data and the current rebound are in line with the logic of shorts.
However, I think if it is a continuation of the short position, there will not be such a large rebound. The continuous rebound of 2500, the higher the price seems to be, the greater the probability of digging a pit, especially the rebound from 2510 in the morning as support. Unless it returns to below this position, I will not short today.
Soon, gold will go unilaterally. It has closed the cross K line for three consecutive weeks. The daily BOLL closed at a high level. Now it is waiting for a suitable opportunity to directly break the range, and I am optimistic about the upward breakthrough. The bulls will soon challenge $2,600 this time.
At present, the gold price is constantly rising from the lows of $2472, $2485, and $2500. The first rebound target is $2522-23, followed by $2528-30, and then $2538-40. The recent market should be prepared to get on the bus and wait for the market to start at any time.
Today, gold uses $2,500 as the dividing point and $2,510 as the support area. Go long after the pullback, that is, change from yesterday's short thinking to low long. The rebound after the plunge is too big. This rebound is often not an opportunity to go short, but a slow rise to force shorts.
GOLD 1H AND 4H CHART ROUTE MAP UPDATEHey Everyone,
We totally smashed our 1H and 4H chart ideas today!!!
Eme5 cross and lock above 2517 confirmed 2536 and 2550 on this 4h chart idea, which was completed perfectly. We will now look for ema5b cross and lock above 2550 to open the range above.
Please see our 1H chart idea below;
This chart had ema5 cross and lock above 2523 opening 2534 and 2547, which were both hit perfectly today completing this chart idea.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2517 - DONE
EMA5 CROSS AND LOCK ABOVE 2517 WILL OPEN THE FOLLOWING BULLISH TARGET
2536 -DONE
POTENTIALLY 2550 - DONE
BEARISH TARGETS
2493 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX