XAU/USD 21 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remain unchanged from yesterday's analysis dated 20 October 2024.
Price has printed both a bullish iBOS and a subsequent BOS.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs).
Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line.
At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has continued to surge, driven by a softer stance from the Fed and increasing geopolitical tensions.
Since the last analysis, price has printed a BOS followed by a series of bullish iBOS’.
The internal range of iBOS has narrowed, with price now targeting the weak internal high after reacting from the M15 demand zone.
Intraday Expectation: Price is expected to target the weak internal high.
M15 Chart:
Goldusd
XAU/USD 21-25 October 2024 Weekly AnalysisWeekly analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all-time highs and surge, with no signs of bearish pullback phase initiation.
The first indication of a pullback would be price printing a bearish Change of Character (CHoCH), marked by a blue dotted line.
Price has continued to rise, bringing CHoCH positioning significantly closer to analysis dated 22 September 2024.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish Internal Break of Structure (iBOS) and continued its upward surge, driven by soft U.S. macroeconomic data and increasing geopolitical tensions.
Following the bullish iBOS, a bearish pullback is anticipated, though there are no current signs of it materialising.
The first indication, but not a confirmation, of a pullback would be price printing a bearish Change of Character (CHoCH). Since last week's analysis, CHoCH positioning has been brought significantly closer to current price action.
The bearish CHoCH level is denoted by a blue dotted line.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Since the last analysis, due to illness, price has printed both a bullish iBOS and a subsequent BOS.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs).
Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line.
At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action.
H4 Chart:
XAU/USD 15 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/Bias remains the same as analysis dated 13 October 2024.
As mentioned in my analysis dated 09 October 2024, price could print lower to bring CHoCH positioning closer to current price action, as the previous CHoCH positioning was quite distant. This is exactly how price has moved.
Price is currently positioned in the premium above the 50% equilibrium (EQ).
Intraday Expectation: Price is expected to react at the premium of the 50% EQ or H4 supply zone before targeting weak internal low.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As mentioned in yesterday's intraday expectation that due to significant narrowing of the internal range, coupled with the fact that price is in premium of 50% EQ of the H4 internal range, I would not be surprised if price printed a bearish iBOS.
This is how price printed, printing a bearish iBOS.
Price has printed a bullish CHoCH indicating bullish pullback phase initiation with price currently reacting to a well positioned M15 supply zone.
Intraday Expectation: Price is expected to target weak internal low.
M15 Chart:
XAU/USD 14 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/Bias remains the same as analysis dated 13 October 2024.
As mentioned in my analysis dated 09 October 2024, price could print lower to bring CHoCH positioning closer to current price action, as the previous CHoCH positioning was quite distant. This is exactly how price has moved.
Price is currently positioned in the premium above the 50% equilibrium (EQ).
Intraday Expectation: Price is expected to react at the premium of the 50% EQ or H4 supply zone before targeting weak internal low.
I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following last week's bearish iBOS, price did not target weak internal low with price printing bullish iBOS.
This is in line with H4 bullish pullback phase.
We are now trading within an internal low and fractal high.
Should price print bearish CHoCH we would have a confirmed internal range which will be significantly narrower than previous internal ranges.
Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of bearish pullback phase. Bearish CHoCH positioning is marked with a blue dotted line.
Systematically price should either react at discount of 50% EQ or M15 demand level to target weak internal high, however, due to significant narrowing of the internal range, coupled with the fact that price is in premium of 50% EQ of the H4 internal range, I would not be surpised if price printed a bearish iBOS.
M15 Analysis:
GOLD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
GOLD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
XAUUSD - Dirty TradingRange ZoneFX:XAUUSD is currently trading in a tight range between $2,635 support and $2,670 resistance. This narrow range has been challenging, with several fakeouts making it tricky to navigate. The support zone around $2,635 is holding strong, while the $2,670 resistance has prevented further upside movement.
CAPITALCOM:GOLD traders should watch for clear breaks above or below these levels before committing to positions. Expect more choppy action within this “dirty” range until a decisive breakout occurs.
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 06 October 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Bearish swing pullback phase has been confirmed by the first bearish Internal Break of Structure (iBOS), which has established the current swing range. Currently, price is trading between the swing high and internal low.
Following second bearish iBOS price printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase.
Price reacted from the premium zone above the 50% internal equilibrium (EQ). Although the weak internal low was targeted, price was unable to close below it after reacting from an H4 demand zone.
Intraday Expectation: Price is expected to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following a bullish iBOS, price has been highly volatile but remains contained within the internal range.
Price has wicked both above and below the internal range without any candle closures.
Intraday Expectation: Technically, price is expected to target the weak internal high. Price has attempted to reach the weak internal high but has failed to close above.
Alternative Scenario: Given that the H4 timeframe appears to be in a bearish pullback phase, any bullish momentum is likely to be short-lived. Price could potentially print a bearish iBOS.
M15 Chart:
Gold gonna bust a move for Q4 || 04.OCT.2024 - FOMC?!Goooood Morning Tradingview!!
I am back! I'm glad to be back! I have missed y'all!!
Let's dive right in!!
Ok, starting from our bad mama-jamma, Monthly timeframe we can see XAUUSD is taking off! We are in an obvious bullish momentum creating new ALL TIME HIGHS each month, meaning we are in uncharted territory...
YET
Each week I have presented ideas that have played out more times than not.
HOWEVER,
Mistakes were made in my trade management. Alongside my business partner we've created a game plan that made sense to me and my trading style according to my trading personality or archetype - pretty INSANE I know!
Buuuuuuuut back to today's trade.
I am going to sit patiently and see which way price wants to move and when she does get ready for a big ol' heavy hitter *POW! I have my bias' for sure...PIPS OVER PROFITS!!
If you've made it this far, thank y'all! Shout Out to the new follows! I am truly blessed! God bless y'all
*Peace!
XAUUSD - 4H Higher targetsFX:XAUUSD prices are currently in a strong upward trend, having broken past the $2,600 resistance level. Based on the technical analysis, this surge opens up a path toward the $2,650 target, supported by the recent bullish movement. The chart clearly indicates that a pullback to the $2,600 zone would present a solid buying opportunity. Traders are encouraged to stay calm during any temporary declines and consider adding to their positions in anticipation of further gains.
Fundamentally, escalating geopolitical tensions in the Middle East, particularly the ongoing Israel-Hamas conflict, have significantly boosted gold prices as investors seek safe-haven assets. Gold’s role as a hedge against global uncertainty has become even more pronounced with concerns of the conflict escalating across the region, leading to increased demand. Additionally, broader fears of economic instability, inflation, and potential recessionary pressures have further driven this bullish sentiment in gold markets.
As both technical and fundamental factors align, CAPITALCOM:GOLD is well-positioned to reach the $2,650 target. Traders should remain vigilant for any price dips, as these may offer prime opportunities for further entry into the market.
XAU/USD UpdateGold prices are pushing higher, defying expectations amid the strengthening U.S. dollar. Despite the dollar's growth, the precious metal continues to climb, hitting new highs with no visible resistance in sight. The geopolitical landscape is providing a strong tailwind, further fueling its upward momentum.
Currently, gold is trading close to its all-time peak, as buyers maintain their bullish stance. The backdrop of recent Federal Reserve statements, China’s aggressive economic stimulus (with the People's Bank of China launching an unprecedented wave of support), and heightened geopolitical tensions in the Middle East are all supporting the rally. As the largest consumer of gold globally, China's economic moves add a significant layer of influence to the metal’s trajectory.
Gold traditionally benefits during times of geopolitical instability, and the current situation is no exception. Moreover, the Federal Reserve continues to hint at a potential 0.5% rate cut, adding more fuel to the bullish sentiment.
Key resistance levels are marked at 2634 and 2640, while support can be found at 2623, 2614, and 2602. The broader outlook suggests that gold’s upward trend is poised to persist. Should it manage to consolidate above the previous day's peak, a further advance toward 2650-2660-2675 becomes likely in the medium to short term. However, with significant news on the horizon, a brief correction may occur before the next leg up.
"Gold Approaching Peaks: What Lies Ahead in the Market?"Gold (XAUUSD) is under pressure amid the strengthening U.S. dollar at the start of the week. After briefly testing last week's highs, the precious metal appears to be forming a false breakout. While the overall trend remains bullish, anticipation of significant news may lead to a brief moment of volatility and market anxiety.
The rising yields on 10-year U.S. Treasury bonds, driven by declining interest rates, have provided further momentum to the dollar. This development adds an element of unpredictability to the market, as the movements deviate from what many analysts had been expecting. The upcoming direction for gold will largely hinge on key Eurozone and U.S. PMI (Purchasing Managers' Index) data. If these reports reignite recession fears, the strengthening U.S. dollar could shift the current market dynamics and trigger a new wave of correction in gold prices from their recent highs. Additionally, escalating geopolitical tensions in the Middle East remain a critical factor that could influence market sentiment.
On the technical side, gold faces immediate resistance at the 2625, 2631, and 2650 levels, while support can be found at 2614, 2602, and 2589. There is a possibility of a correction from the 2625 level, as market conditions suggest a buildup of uncertainty ahead of upcoming economic announcements. Profit-taking could exacerbate this correction as traders look to secure gains ahead of potential market shifts.
However, if gold continues its upward momentum and successfully breaks through the 2631 resistance, this could pave the way for a move towards the 2640-2650 range, opening the door for further gains.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
XAU/USD 23-27 September 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all time highs and surge with no indication of bearish pullback phase initiation.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
I have previously mentioned, for over one month, that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed. CHoCH positioning has been brought significantly closer to price.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price had printed a bullish iBOS and continued it's surge in price.
After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of bearish pullback.
First indication, but not confirmation of pullback is for price to print a bearish CHoCH. Since last week's analysis, CHoCH positioning has been brought significantly closer to price which allows for more realistic expectation of pullback indication.
Bearish CHoCH positioning is denoted with a blue doted line.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish.
Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line
Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback, therefore, I will be standing by.
H4 Analysis:
XAU/USD 20 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Despite price printing it's first indication of bearish pullback phase initiation, price continued bullish.
Recent economic data and geopolitical tensions, have influenced market sentiment such as the Fed's recent interest rate decision (reduction) which typically supports Gold prices. Therefore, price is expected to remain highly volatile.
From a structural perspective, price is within an internal low and fractal high. CHoCH positioning is denoted with a blue dashed line
Intraday expectation: Due to volatility, price could continue bullish, however, price could also initiate bearish pullback, therefore, I will be standing by.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price did not meet yesterday's intraday with price printing a bullish BOS following reaction from discount of internal 50% EQ.
Fed rate decision to increase rates by 50bps along with geopolitical tensions is supporting Gold prices.
Price has not printed a bullish CHoCH, however, price has printed beyond internal 50% EQ and in to premium, therefore, I am happy to confirm internal range.
Price is currently contained within a swing low and fractal high.
CHoCH positioning is denoted with a blue dotted line.
Intraday expectation: Price to indicate pullback phase intimation. First indication would be for price to print bearish CHoCH.
M15 Chart:
XAUUSD SELL SIGNAL DOUBLE TOP PATTERNOn Xauusd price has formed a complete double top and was able to move down partially break the line 2575.447 leaving a wick and reverse so is important to note that there is a greater chance for the price to fall the line has been tested so going for SHORT are needed with target profit of 2560.718 and stoploss of 2591.692 . Use money management.
XAUUSD SELL: 2575.447 - 2573.755
Sl 2591.692
Tp 2560.718
Note: Trade with a lot that suit your capital
XAU/USD 16 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
As mentioned on 13 September 2024, price to indicate pullback by printing bearish CHoCH. Current CHoCH was significantly positioned away from price therefore, price could print higher-highs to bring CHoCH positioning closer to current price.
This is how price printed with CHoCH positioning being brought significantly closer to current price action.
Recent economic data, particularly from the US has influenced market sentiment such as softer US employment data leading to an expectation of a more softer approach from the Fed which typically supports Gold prices.
Intraday expectation: Price indicate pullback by printing bearish CHoCH.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge.
Price has printed a further bullish iBOS followed by a bearish CHoCH indicating bearish pullback phase initiation.
Intraday expectation: Price has reacted at discount of 50% EQ. Technically price should target weak internal high.
M15 Chart:
XAU/USD 16-20 September 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all time highs and surge with no indication of bearish pullback phase initiation.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
I have previously mentioned, for over one month, that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed. CHoCH positioning has been brought significantly closer to price.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of bearish pullback.
First indication, but not confirmation of pullback is for price to print a bearish CHoCH.
Bearish CHoCH positioning is denoted with a blue doted line.
Daily Chart:
H4 Analysis:
Intraday analysis/bias remains the same as analysis dated 13 September 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS without any significant pullback following previous bullish iBOS
Recent economic data, particularly from the US has influenced market sentiment such as softer US employment data leading to an expectation of a more softer approach from the Fed which typically supports Gold prices.
Intraday expectation: Price indicate pullback by printing bearish CHoCH. Current CHoCH is significantly far, therefore, price could print higher-highs to bring CHoCH positioning closer to current price.
H4 Chart:
XAU/USD 13 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS without any significant pullback following previous bullish iBOS
Recent economic data, particularly from the US has influenced market sentiment such as softer US employment data leading to an expectation of a more softer approach from the Fed which typically supports Gold prices.
Intraday expectation: Price indicate pullback by printing bearish CHoCH. Current CHoCH is significantly far, therefore, price could print higher-highs to bring CHoCH positioning closer to current price.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge.
Price has printed a bullish BOS with price failing to target weak internal low.
Price has printed a bearish CHoCH indicating bearish pullback phase initiation.
At he time of writing it seems price is print higher-highs.
Intraday expectation: Price to continue bearish pullback phase, target either M15 demand zones or price reacts at discount of internal 50% EQ.
Alternative scenario, price prints bullish iBOS, confirming internal range low. This would give more realistic LTF confirmation that HTF is in pullback phase.
M15 Chart:
XAU/USD 11 September 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
On Tuesday 20 August 2024 price printed all time high.
Thursday 22 August 2024 price printed a bearish CHoCH which indicated bearish pullback phase initiation. Printing of bearish CHoCH has also confirmed internal range.
Thus far, over a period of 12-days, price has been unable break weak internal high which is an indicator that price may seek further liquidity before attempting to target weak internal high again.
I would expect price to either react at discount of internal 50% EQ or Daily demand zone before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge.
Nonetheless, I will continue with systematic rules of analysis.
Technically price should target weak internal low, therefore, my bias will remain unchanged until M15 candle break and close above swing high.
Price is currently reacting at an M15 supply zone.
Intraday expectation: Price is close to extreme premium of internal 50% EQ. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong swing high.
M15 Chart:
XAU/USD 10 September 2024 Intraday AnalysisH4 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
M15 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 05 September 2024.
-> Swing: Bullish.
-> Internal: Bearish.
Due to several factors such as geopolitical tensions and many macroeconomic factors XAU continues to surge.
Nonetheless, I will continue with systematic rules of analysis.
Technically price should target weak internal low, therefore, my bias will remain unchanged until M15 candle break and close above swing high.
Price has targeted weak internal low but the move was not sustained which indicates that price may be seeking further liquidity.
We are seeing a secondary reaction to previous M15 supply zone.
Intraday expectation: Price is in premium of internal 50% EQ. Price to target weak internal low. My bias will remain unchanged until and unless M15 candle close above strong swing high.
M15 Chart:
GOLD 1h Reversion Zone Fill ExpectedReturn and fill into the reversion zone range is expected.
Reversion zone range: 2.505 - 2.497
Resistance level: 2.506
Support level: 2.472
⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.