XAUUSD - 15m Sell 4 Scalperswe are tracking a descending channel pattern, outlined by the red boundaries.
Currently, gold's price has rallied to the upper resistance of the channel, marking a pivotal moment for traders.
Should the price adhere to the channel's resistance, we anticipate a potential reversal heading back down.
However, unlike previous lows, a higher low is expected this time around, likely within the green highlighted support zone, suggesting a nuanced adjustment in market sentiment and providing a strategic entry point for those monitoring this precious metal's price movements.
Xau-usd
XAUUSD | 30 Min Safe ZoneXAUUSD | 30 Min Safe Zone
Hey Traders ! Hope you are doing well
Keep trading simple with us ..
- Resistance Levels 2316.00
- Next Resistance Levels at 2321.79
- Firstly we have to observed the circle which indicates if #XAUUSD break the Trendline our
Target would be at 2331.00 and then 2344.00
- If #Gold completely reject the Trend line our Targets would be 2307.00 - 2303.00 - 2291.00
Don't be hurry in taking false positions
Stick with our Decisions
Cheers and wait for the next Confirmations
Potential bullish bounce?Gold (XAU/USD) is falling towards the pivot and could potentially bounce to the 1st resistance.
Pivot: 2,284.24
1st Support: 2,265.35
1st Resistance: 2,327.67
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Sell XAUUSD Channel BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further price declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 2322 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
2294: This represents the first level of support within the channel.
2279: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 2332. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Sell XAUUSD Bearish PennantThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish flag pattern following a strong downward move.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the flag after confirmation. Ideally, this would be around 2330 or lower if the price continues to decline.
Target Levels:
2272: This represents the height of the flag, measured from the flagpole (initial downtrend) to the top of the flag, projected downwards from the breakout point.
2240: This is a further extension of the downside target, based on the height of the flagpole.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the flag, ideally with some buffer around 2340. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Buy XAUUSD Channel BreakoutThe XAU/USD pair (spot gold) on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a well-defined bullish channel pattern. This breakout suggests a shift in momentum towards the upside and a higher likelihood of further price increases in the coming hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 2320 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the following points:
2373: This represents the height of the channel, measured from the channel's base (opposite trendline) to the breakout point, projected upwards from the breakout.
2410: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 2290. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you.
HelenP. I Gold will correct to support level and then rebound upHi folks today I'm prepared for you Gold analytics. A few moments ago price reached the support level, which coincided with the support zone, but at once rebounded and declined to the trend line. After this movement, XAU turned around and made a strong impulse up, breaking the 2300 level, after which it rose a little more. Later Gold corrected, after which in a short time rose to a resistance level, which coincided with the resistance zone. Also, the price broke this level and rose a little more, but soon it turned around and made an impulse down to the trend line, breaking the 2400 level again. After this movement, the price in a short time rose to the resistance level and then made a strong impulse down to the support level, thereby breaking the trend line. As well price formed a pennant pattern, but for this day XAU continues to trades near the 2300 support level and I expect that Gold will make a correction to the support level and then rebound up. That's why I set my target at 2350 points. If you like my analytics you may support me with your like/comment ❤️
Gold (Xau/Usd) Symmetrical TriangleSymmetrical Triangle Pattern on Gold (XAU/USD) H1 Chart
A symmetrical triangle pattern has been identified on the H1 chart for Gold (XAU/USD). Here's a breakdown of its characteristics:
Description:
This pattern is formed by two converging trendlines, one drawn above the highs and another below the lows, with price action oscillating between them and creating a triangular shape.
The trendlines ideally have a similar slope, making the triangle symmetrical.
Potential Interpretations:
Continuation Pattern: Often, symmetrical triangles act as continuation patterns. If the price breaks above the resistance trendline (upper trendline), it suggests a potential continuation of the previous uptrend. Conversely, a break below the support trendline (lower trendline) might indicate a continuation of the downtrend.
Reversal Pattern: In some cases, symmetrical triangles can precede reversals. A breakout above resistance could signal a bullish reversal, while a breakdown below support might indicate a bearish reversal.
Additional Considerations:
Volume: Ideally, there should be a decrease in volume as the triangle progresses, suggesting dwindling momentum before the breakout.
Volatility: A breakout is often accompanied by a surge in volatility.
Trading the Pattern:
Breakout Confirmation: Wait for a confirmed breakout above resistance or below support before entering a trade in the direction of the breakout.
Stop-Loss: Place a stop-loss order below the support trendline for long positions and above the resistance trendline for short positions.
Profit Target: Potential profit targets can be based on the height of the triangle or technical indicators.
Thank you.
Could XAU/USD reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2358.67
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 2399.92
Why we like it:
There is a pullback resistance level
Take profit: 2305.31
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
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GOLD - Price can turn around and start decline to support areaHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price traded near $2030 support level, which coincided with support area and even declined below.
But later XAU turned around and in a short time rose higher $2030 level, breaking it, and continued to grow in rising channel.
In channel, price reached resistance line, after which Gold bounced and fell to support line and then made an upward impulse.
After this movement, Gold broke $2330 level, thereby exiting from channel too, and then price made retest.
Next, price in a short time rose to $2433 points and at once fell back, but now Gold trades near resistance line.
In my mind, XAU can rise a little higher than resistance line and then bounce down to $2305 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
GOLD | APR 17 2024Finally entered shorts on XAU, as I have been watching the price action's failure to break above $2398 resistance. Hard to shoot for anything long term as the Iranian unfolds. My targets are around $2260-$2280 area of demand with the stops right above the wick of the supply. Happy trading!
XAUUSD 14/4/24Really simple setup for gold here, we know we had a great move from last week creating severe new ATHs as well as the week before, i am not expecting this to stop any time soon! on the charts here you can see we have 3 ideas to watch, running higher from where we sit. dropping into and wicking the 4hr low to then go higher again or running lower from the sell off we had late Friday to then create a new swing high that will be targeted again for higher prices! As most of you know war is on the horizon and we know what gold likes to do when things get a bit rough, and that is climb higher then it has before... with the mixture of structure fundamentals and the overall price action i am looking at another ATH for gold this week!
Read PA follow structure and stick to yours rules! have a great trading week!
XAU/USD 11 April 2024 Intraday Analysis H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's relentless bullish run following the Fed's dovish outlook.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Bearish CHoCH is now confirmed.
Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
Bias/Analysis remains the same as yesterday's analysis dated 10 April 2024.
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
Due to the range of internal structure I have mapped sub-internal to gain a micro-view of price action.
Sub-internal structure is denoted in red with current sub-structure being bearish due to bearish iiBOS.
Price has pulled back following bearish iiBOS and reacted at premium EQ of the sub-internal range.
Current intraday expectation would be for price to target weak internal low of the sub-structure.
M15 Chart:
XAUUSD - 15mGold's price movement is nearing the completion of another bullish leg, in the range of $45-$50. With this achievement, we might be on the cusp of a pullback and correction phase. It's a good time to manage your buy positions strategically and potentially leverage this cycle to secure more profits. Stay alert to the shifts in the market!
Gold can make one more upward move and then start fallHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago started to trades in a wedge, where it first rebounded from the support line and made impulse up to the resistance line, breaking the 2145 support level, which coincided with the buyer zone. After this, the price rebounded from the resistance line and declined to the support level, after which it at once bounced and in a short time rose to the resistance line of wedge. But the price at once rolled down to the support line back and then Gold made an upward impulse from this line to the current support level, which coincided with the support area, thereby exiting from the wedge pattern. Soon, Gold broke the 2270 level and some time traded in the support area, after which it a not long time ago rebounded and made impulse one more time. So, in my opinion, Gold can make one more upward move and then start to decline to support area. For this case, I set my target at the 2270 support level. Please share this idea with your friends and click Boost 🚀
XAU/USD 09 April 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's relentless bullish run following the Fed's dovish outlook.
Price has printed further highs Sunday's analysis dated 7 April 2024 where we continue to trade within a fractal high and internal low.
Price on all HTF's requires a pullback. Bearish CHoCH which is denoted with blue dotted line would indicate pullback initiation but not confirm.
Due to the bullish nature of the market and prices at all time highs, the most prudent remains the same, which is to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS since weekly analysis dated 07 April 2024 where price continues to print all time highs.
Price is now trading within a confirmed internal range following bearish CHoCH.
First structural sign, but not confirmation that pullback is about to initiate is a bearish CHoCH, which price has printed.
Intraday expectation would be for price to pull back following bullish iBOS, react at either M15 POI or 50% EQ of the internal structure before price targets weak internal high.
Another likely scenario, and due to the fact that all HTF's need to pull back, is price prints a bearish iBOS on M15 which would mean first structural indication (CHoCH) on H4 that pullback is about to initiate.
M15 Chart:
GOLD - Price can fall to support area and then bounce to $2370Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it some time traded in support area, after which bounced up to top part of flat.
After this, price bounced down to support area, after which it at once made upward impulse, thereby breaking $2210 level.
Also, XAU exited from flat and continued to move up in rising channel, where soon price reached one more support area.
But Gold at once bounced to support line of channel and then made upward impulse, breaking $2305 level and exiting from channel.
A not long time ago XAU turned around and started to decline, so, I think Gold can decline to support area.
Then price can turn around and start to move up to $2370 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XAU/USD 08-12 April 2024 Weekly AnalysisWeekly Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dashed line as internal low as CHoCH are priced at the same level.
Price is now trading within a fractal high and internal low.
Expectation is for price to pullback following swing and internal pullback. Internal low and CHoCH are positioned at the same level.
Weekly Chart:
Daily Analysis:
Analysis/Bias remains unchanged since last daily analysis dated 20/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
As mentioned on 31 March 2024, price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent as the CHoCH has been brought considerably closer.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook.
Price has printed further highs since last Friday's analysis dated 5 April 2024 where we continue to trade within a fractal high and internal low.
As mentioned on 22/03/2024, Intraday expectation was for price to react H4 POI to then target fractal high, which price did, creating a new highs and still remains the case.
Due to the bullish nature of the market and prices at all time highs, the most prudent approach would be to adopt patience and allow price to print structure as opposed to picking tops.
H4 Chart: