🥇Gold🥇 Analyze (Shor term,10/21/2022)!!!Gold was able to make a falling wedge pattern near the middle line of descending channel & support zone. Also, it was broken the upper line of the falling wedge by Bullish Marubozu Candle.
I expect Gold will go up at least to the upper line of descending channel and resistance zone.
Gold Analyze ( XAUUSD ), Timeframe 2H (Log Scale).
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 be glad to see your ideas in this post.
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Goldusd
XAUUSD Gold Next Possible TradeTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - M30
According to the Long Time Frame #LTF we have " FALLING WEDGE " Pattern and its Rejecting from the Lower Trend Line #LTL
ELLIOT WAVES - Completed the " 12345 " Impulsive Waves and now it will Follow Buy Trend to complete the " ABC " Corrective Wave
Buying Divergence in #RSI
Gold Short-term Downtrend As stated on my previous trade idea the USD has better control of inflation and is maintaining relative strength over other top currency pairs. With this in mind the USD will be more popular than the Gold as Gold generally goes the opposite direction to USD due to the intrinsic value it can hold the Dollar currency.
This trade is merely speculative and has somewhat of an entry shown by the 4-hour candle closing underneath the "Buy Zone".
- Note to never risk more than 1-3% of your account on any given trade.
Please form your own research but I hope this can give some advice or fuel for ideas to be generated.
A Follow would be appreciated if this helps!
GOLD XAUUSD Mid-Term Bearish AnalysisHelp me keep on posting by clicking on BOOST! (it's like "liking")
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF (IS THE KING)
- ETC
XAUUSD Gold Next Possible MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - M30
It is Following Rising Wedge Pattern in Short Time Frame #STF
It is Also Following Impulse Correction Impulse
It has Break out the Structure #BOS " 1644 " and Went down and Completing the Retest Now
If it Retest at the " 1642 - 1644 " and Reject then We can Enter in Sell till the Daily Support Level " 1614 "
Gold Trend 18/10 - 21/10Gold had pullback before the day's end yesterday. The market opened at 1642 back from the weekend. The price has kept moving higher in the Asian and European sessions. It hit the day-high 1668 at the US session opening, then the price retraced. The day ended at 1650, up by USD8 after all.
The downtrend on the 1-hour chart slowed down yesterday after the price jumped above the trendline(1), shifting the S-T downtrend from (1) to (1.1). Before the next break, expect the price to settle in between 1640-65(2) for now.
Overall the trend is still bearish, and a new bearish signal(3) has appeared after the pullback from 1668 yesterday. The resistance at 1665(4) & the 20 days MA(5) are blocking all the climb for now. Once the price clears the support at 1640, gold should be able to consolidate further.
S-T Resistances:
1670
1665
1660
Market price: 1659
S-T Supports:
1655
1650
1645
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XAUUSD Gold Next Possible MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H4
ELLIOT WAVES in Long Time Frame #LTF
It has completed Impulsive Waves " 12345 " and " B " Corrective wave at Fibonacci Level - 23.60%
It will Follow Buy Trend to Completed its " C " Corrective Wave
BEAERISH CHANNEL in Short Time Frame #STF
If it Rejects from the Lower Trend Line #LTL and Breakout the Upper Trend Line #UTL and Retest then Long Buy
GOLD/ XAU Weekly Volatility Forecast 17-21 October 2022 GOLD/ XAU Weekly Volatility Forecast 17-21 October 2022
We can see that currently the volatility is around 2.73%, falling from 2.85% of the last week.
At the same time, its currently place on the 91th percentile based on the ATR calculations.
With this in mind, around this percentile, we can expect an average weekly movement from the open price of the candle of:
In case of a Bullish movement : 1.51%
In case of a Bearish movement : 1.89%
With the current volatility point, we have a 22.3% probability that the end of the weekly candle is going close either above of below the next channel:
TOP : 1690
BOT : 1596
At the same time, there is currently a 29% probability that we can touch the previous high of the weekly candle 1701
And there is a 64% probability that we can touch the previous low of the weekly candle of 1640
Lastly, currently the rating from the moving average is around -78% indicating a very bearish trend
XAUUSD New Week Possible MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
Long Time Frame #LTF :
BULLISH CHANNEL - Breakout and Retest Done
ELLIOT WAVES - " 12345 " Impulsive and " AB " Corrective Wave Completed
Short Time Frame #STF :
BULLISH CHANNEL - Rejection from Lower Trend Line #LTL , Support Level , Fibonacci Level - 23.60%
ELLIOT WAVES - " 12345 " Impulsive wave completed and it will Follow Buy to Complete " ABC " Correction
Buying Divergence
Gold (XAUUSD): What to Look at Next Week 🟡
Hey traders,
Gold is trading in a long term bearish trend.
After a correctional movement, at the beginning of October, the market initiated a new bearish wave.
The market is currently approaching 1635 - 1645 support.
To catch a bearish continuation, wait for its bearish breakout (4h candle close below the underlined zone).
A bearish continuation will be expected to 1620 support then.
Good luck next week, traders.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Gold Price Prediction In this idea I share a couple of concepts with you. The formation know as the scallop comes in 3's. These formations are in every time frame. They just one of the repeating fractals throughout chart movement. For example: 3 ascending scallops on the 30 minute would make up roughly 1 in the 60 minute chart. To keep track of this I borrow scale designations from Elliot Wave. Here in Gold if you look through my chart you will see the largest(Grand Major) set of scallops coming to completion with a double top signaling the reset into a set of 3 descending scallops. I have marked the projections as I see them playing out on a "Major Scale", but have included a possible target for the "Grand Major scale for the bottom as well as a top side for the double bottom that comes from the falling wedge that is forming coming to completion. Every fall in my opinion is a falling wedge in one form or another with slight features warped due to bullish/bearish sentiment that pulls it outside the parameters of what the constricted rules of line drawing would have us adhere to. The next step in the pattern is the double bottom that will start the uptrend. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains-ND Much love to my supporters
XAUUSD Gold Next MoveTechnical Analysis Chart Update
XAU / USD ( Gold / U.S Dollar )
Time Frame - H1
Making its correction " ABC " in Long Time Frame #LTF
In Short Time Frame #STF it is making Elliot Waves and completed the " 1234 " Impulsive wave and it will make " 5TH " wave at the Strong Support Level 1615 - 1624
It is also Following Symmetrical Triangle in Short Time Frame #STF and it has Breakout the Lower Trend Line #LTL and Retested it will now Follow Bearish Moves Again
Selling Divergence in #RSI
Gold Trend 11/10 - 14/10Carried the selling momentum from last Fri., gold sank further yesterday. The market opened at 1694 back from the weekend. After the price briefly touched 1700 during the opening hours, the bearish run began. It cleared the 1680 support in the US opening session and landed at the day-low near 1665. The day ended at 1668, down by USD 25.
Selling resumed after the US employment figures last Fri. After it cleared the 1700 support, an S-T resistance line(2) formed in the past 24 hours; the downward trend should continue before the price breakout from this trendline(2). The next critical support is near 1650(4) for now.
A bottoming signal has yet to appear in the daily chart, where the 20-day MA become the upside resistance again. Gold should touch a new weekly low today. Within the next 24 hours, let's see if the price can resuming its position within its previous 1653-88(5) trading zone.
S-T Resistances:
1676
1670
1665
Market price: 1663
S-T Supprots:
1660
1655
1650
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