GOLD (XAUUSD): Important Structure Ahead! Your Plan: 🥇
Multiple time frame analysis on Gold.
Key levels, price action and structure.
Detailed trading plan and trading scenarios.
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Goldusd
Gold will hit 1710?In this chart I have shown the probability of Gold reaching the 1710-1712 price range in the course of next few days.
It has broken its' one week trend line and is heading towards the two weeks trend line, if it is broken too, the next target could be highlighted area with the rectangle.
Gold Trend 03/08Gold eased off from the new high yesterday. Affected by Chins-U.S. tension in the past 24 hours, the price was bounded by the 1770-80 range early in the Asian session yesterday. Gold touched a new high at 1788 at the U.S. session and pulled back before the day's end. The market eventually closed at the day-low 1760, down by USD 11.
As mentioned yesterday, the buying above 1780(1) has been weak. Althought the uptrend channel(2) is still dominating the trend on the 1-hour chart, gold is due to an S-T consolidation for the moment. As the price cleared the 1770-73 support, it reached our target of 1755 early in the Asian session today. 1770-73 becomes a critical resistance now; expect the price to trade between 1750-72 in the next 24-48 hours.
Gold was rejected by the 1780-87(4) resistance zone; the pullback before the day's end yesterday has created a reversal signal(5) on the daily chart. The previous horizontal range(6) is still valid; the downside support can be set at the 10 days MA.
S-T Resistances:
1785-87
1780
1770-73
Market price: 1767
S-T Supports:
1765
1760
1755
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2022/8/3 11:40 XAU/USD analysePivot Point: 1766
Currently: Consolidating at this 1773 level , its next support zone is at 1780
Reaction: Resisted at 1762 and retraced back to 1759
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GOLD (XAUUSD): Catching a Pullback 🥇
Gold formed a harmonic ABCD pattern on 4H time frame.
Analyzing a completion point of the pattern, I spotted a triple top formation on 1H time frame.
The price managed to close below its neckline and retests that now.
I expect a bearish move to 1754
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Gold - Will Be down!Dear All,
We are going one more move down in Gold!
Please consider your risk management and SL . Enter in proper Price Action
Brando!
Next Bear Plan for Gold Hi, I see pullback could be over, and we are gradually going back to Bear tracks.
Trade Well,
Alex
Gold is trapped in a bull flag before the FED Interest Rate!Technically, Gold have been trapped in a bull flag since 22 July 2022, a clear violation of this bull flag will send price to 1760.
Fundamentally, The Federal Reserve is expected to raise interest rates by three-quarters of a point later today, its second hike in a row of that size. We are keen to learn of how the market will react to this. Definitely, Gold is one of the assets that will be affected in price dramatically.
Trading suggestion on Gold. On a technically standpoint, a clear violation of the bull flag traders can take short term buy positions to 1760 making sure that we are not trapped in trades before the big event as the market would be volatile by then.
It is also wise to wait for the Fed Rate hike release for the market to digest the information for clarity as to where the market would be headed to.
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Trade smart
Gold near term resistance weekly cloudTechnical:
The near–term support is around $1750, a breach below targets $1720/$1700/$1680.Significant reversal only below $1600. The yellow metal faces minor resistance around $1770, breach above will take it to the next level of $1790/$1803.
GOLD-XAUUSDI am not sure. The price has indeed broken a trend line, but in my opinion, the price will test the higher price areas first, and after forming a new top, it will begin a larger correction.
GOLD-XAUUSDAll targets are Achieved. Tast's an update. As I said in the GOLDUSD chart analysis on July 27, the price dropped to the $1710~$1705 range and started rising to around the price of $1757.
GOLD (XAUUSD): Important Zone to Watch 🥇
Hey traders,
I spotted a peculiar confluence zone on Gold.
The price is currently approaching a major falling daily trend line.
It matches perfectly with a completion point of a harmonic ABCD pattern on 4H time frame.
I will expect a pullback from the underlined yellow zone next week.
Target - 1745
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GOLD (XAUUSD): Time For Correction 🥇
It looks like gold is too overbought at the moment.
I expect a retracement now.
Watch this video and learn what to expect then!
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Gold Forecast/Idea XauUsdTwo Scenario
The first scenario with a probability of 55%:
Breaking the daily resistance in the price range of 1800 and hitting the price range of 2075-2080.
The second scenario with a probability of 45%:
Hitting the resistance of 1800 and returning to the daily and weekly support in the price range of 1680 and 1600.
80% of the reasons for the upward movement of the price of gold and its fluctuations in the next weeks ( like the last 6 months, of course ) are influenced by the news and in general, fundamentals, which are mainly news like; The war between Russia and Ukraine is the decisions of the central banks for the financial, energy and food crises around this war and the exit from the Covid-19 epidemic recession, of course.
Undoubtedly, price changes and fluctuations in energy (oil and gas indexes) have a direct impact on precious metals and gold,
So be aware that sudden movements due to news and fundamental analysis have a high impact on your trades in this period of time, and you should pay special attention to the News.
Good luck
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sincerely
GOLD (XAUUSD): Key Structure Ahead! Important Update 🥇
As I predicted, Gold bounced nicely from a key structure support.
Ahead is a strong confluence zone, based on a horizontal supply area and a falling trend line.
The reaction of the price to that structure will determine the future direction of gold.
Its bullish breakout will trigger a bullish continuation at least to 1787.
I will post an update once I spot a decent confirmation.
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GOLD: LongTaking long position in GOLDUSD as it's fast approaching the 0.23 fib support. will take profit once it hits that level
Gold Trend 29/07Carried the buying momentum from the day before, gold continued to climb yesterday. After the market opened at 1733, the price had already jumped beyond 1735 early in the Asian session. It broke out from 1740 in the European session and kept climbing higher in the US session. The day ended near the day-high at 1756.
Gold has surged along the uptrend channel(2) on the 1-hour chart. Sign of the current climb slowing down has yet to appear; the next upside target can be set at around 1765.
The buying was strong yesterday on the daily chart where the day ended near the day-high. The trend is still bullish, and the upside target remains at 1780.
S-T Resistances:
1765
1760
1757
Market price: 1755
S-T Supports:
1750
1740
1735
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Gold Trend 26/07 - 29/07Gold pulled back from 1735 again yesterday. The day began at 1726, and the price was gradually heading higher during the Asian/European sessions. Once the
price reached the day-high at 1736, the selling started to come in. The day eventually ended at near 1719, with the day-low touched 1714.
Gold should stay below 1735 before the US Fed. Meeting on Wed, as it has once again failed to clear the resistance near 1735 yesterday. An S-T trendline(1) has been formed in the last 12 hours; if the price can breach the support below trendline(2), expect the price to consolidate further into the 1705-35(2) range.
Gold was rejected by the 1730 resistance for the second day on the daily chart. For now, expect the price to trade in between 1710-30(3) until the US Fed. Meeting.
S-T Resistances:
1740
1735
1728-30
Market Price: 1721
S-T Supports:
1720
1710
1705
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$2500Nothing to see here. Just highly propable breakout which would lead all the way to $2500. If that's broken through which I think may happen we are heading straight to 3k. Especially with 'transition' annoucement (don't mistake with recession) it's very likely. Hop in for low risk.
Gold Analyze (Where is the end of the correction❗❓)(Update)!!!GOLD moved as I expected in my previous post about GOLD 👇
If you want to know about my Gold Road Map🗺️, please look at 👇
GOLD is moving near the Heavy Support Zone, and I expect that around the current price can be the end of microwave 3 of microwave 5 of microwave C of Main wave 4.
Where is the end of main wave C ❗️❓
🎯Target🎯: 1720$ until 1670$
Gold Analyze, Timeframe 8H(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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Gold Analyze (Where is the end of the correction❗❓)!!!If you want to know about my Gold Road Map 🗺️, please look at 👇
Gold is running in Fibonacci Channel while lines of the Fib Channel are working well, and I tried to use them for finding the end of the microwaves of the main waves .
I show you the end of main wave C ( End of the Correction❗ ).
Where is the end of main wave C ❗️❓
🎯 Target 🎯: 1720$ until 1670$
Gold Analyze, Timeframe 8H (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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Analyze (Where is the end of the correction❗❓)(Update)!!!If you want to know about my Gold Road Map🗺️, please look at 👇
Gold is making zigzag correction for completing the microwave 4 of microwave 5 of microwave C of Main wave 4.
I expect that Gold will reverse around PRZ (Price Reversal Zone).
Also, the Stochastic RSI Indicator is on the resistance line 👇
🔴PRZ🔴: 1772$ until 1755$
Where is the end of main wave C (End of Main wave 4) ❗️❓
🎯Target🎯: 1720$ until 1670$
Gold Analyze (XAUUSD) , Timeframe 8H ( 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Trend 28/07Gold gained USD 17 yesterday. The day began at 1716, and the price mainly traded between 1715-23 throughout the day. Once the US released its interest decision, the price went up until it reached the day-high at 1740, with the day ending near 1734.
The price has failed to stay above 1735 until the Asian session today. An uptrend channel(3) has formed on the 1-hour chart. If the price clears the current resistance at 1740, it will be able to reach 1750 or higher.
The reversal signal at 1680 on the daily chart is still valid, while gold is trading under a rebounding trend. The price has cleared the 1-week resistance at 1730; once the price can break out from 1740, the upside target will be at the upper limit of the range(6) around 1770.
S-T Resistances:
1755
1750
1740
Market price: 1737
S-T Supports:
1735
1730
1720
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