Xau-usd
XAUUSD (Gold): Difficult to see anything stopping a retest Not much else to say here, there is not much getting in the way of gold at the moment.
Generally seeing dollar strength so I am expecting the high to be in sight, but do expect a retest of the 2150 mark now, looking at how bullish last week was.
XAU/USD 06 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the as yesterday's analysis (05/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1 following BOS'.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
H4 chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS.
We are now trading within an internal low and swing high.
Bearish CHoCH and internal low are located at the same position.
Price is currently in discount of EQ
Intraday expectation is for price to continue bullish to target swing high.
Price could potentially target M15 POI before continuing bullish.
M15 Chart :
XAUUSD (Gold): In downward channelSeeing a downward channel so expecting further bearish bias from here.
Fundamentals seem to be supporting this too, with cease fire talks in middle east, and I'm expecting continued strength from the dollar this week, supported by the fundamentals news on Thursday and Friday.
We're posting HH and HL formation and expect this to continue through this week.
Could Gold continue its rise?Gold continues to sit nicely in a strong bullish channel. The major support is at 2038 which is a pullback support level - price could potentially bounce off this level before rising towards our 1st resistance at 2056 which happens to be a multi-swing high resistance.
Alternatively, if price breaks the pivot and ascending channel, we could see it drop towards 1st support at 2025 which is a swing low support + 38.2% fib retracement.
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BUY TRADE SETUP ON XAUUSDHey Traders,
Check out this technical analysis on XAUUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a breakout above the flag pattern before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
XAU/USD 23 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS. Internal range established.
Bullish pullback currently underway indicated by bullish CHoCH.
Intraday expectation is for price continue bullish, react at 50% (preferably within premium zone) or react at M15 POI as both are positioned nearby.
Price to then continue bearish to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS. Internal range established.
Bullish pullback currently underway indicated by bullish CHoCH.
Intraday expectation is for price continue bullish, react at 50% (preferably within premium zone) or react at M15 POI as both are positioned nearby.
Price to then continue bearish to target weak internal low.
M15 Chart:
XAU/USD 22 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
As mentioned yesterday (21/02/2024) I was awaiting price to print bearish CHoCH to indicate, but not confirm, that bullish pullback is complete.
First structural indication that pullback is complete would be for price to print a bearish CHoCH which we now have.
Current expectation, await bearish price action (we now have bearish CHoCH) to confirm bullish pullback is complete for price to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Bearish pullback currently underway indicated by bearish CHoCH.
Price is currently reacting to the upper part of discount to 50% EQ of the internal range.
Intraday expectation is for price continue bullish to target weak internal high. Price may continue bearish, react at M15 POI before targeting weak internal high.
M15 Chart:
Buy XAUUSD Channel FormationThe XAU/USD pair (spot gold) on the M30 timeframe displays a potential buying opportunity due to the presence of a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel, characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure.
Recent Price Action: The recent price action shows the price holding above the support line of the channel, indicating continued bullish momentum.
Buy Entry: Consider entering a long position around the current price of 2026, positioned near the support line. This offers an entry point close to potential buying pressure.
Target Levels: Initial bullish targets lie at the previous resistance level within the channel, now acting as potential support: 2046. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
If Price Breaks the Channel, its Starts Bearish like, Channel Breakout Pattern.
Thank you
XAU/USD 19 Feb 2024 Intraday AnalysisH4 Analysis:
Analysis/expectation remains the same as weekly analysis posted on 18/02/2024)
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a further bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Expectation dated 16/02/2024 was for price to continue bullish and react at H4 POI or 50% EQ which price did and currently doing.
Current expectation, await bearish price action to confirm bullish pullback is complete for price to target weak internal low.
First structural confirmation that pullback is complete would be for price to print a bearish CHoCH.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS. Internal range following bearish CHoCH is now established.
Expectation following iBOS is for price to pullback after reaction from a POI which is currently underway.
Current expectation is for price to continue bearish and react at 50% EQ or M15 POI.
M15 Chart:
XAU/USD 16 Feb 2024 Intraday AnalysisH4 Analysis:
Analysis/expectation remains the same as yesterday (15/02/2024)
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a further bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Expectation is for price to continue bullish and react at H4 POI or 50% EQ.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS indicating H4 bullish pullback has initiated.
Current intraday expectation remains the same as yesterday (15/02/2024) for price to continue bullish and react at nested H4 and M15 POI's.
M15 Chart:
XAU/USD 14 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
As per previous analysis price did target weak internal low.
Internal structure remains bearish.
Price has printed a further bearish iBOS.
Expectation is for price to react at a POI, which price currently is reacting to Daily and H4 nested demand levels.
Bullish CHoCH, indicated by vertical dotted line will be first structural indication, but not confirmation, that pullback is underway.
Expectation is for price to print bullish pullback and react at H4 POI.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS, as per previous analysis, price did target weak internal low where we are now seeing a bullish reaction to nested Daily and H4 POI's.
Intraday expectation of previous analysis was for price to target weak internal low at 2001.895, therefore, expectation was reached.
Current intraday expectation is for price to print bullish iBOS to confirm pullback following H4 and M15 bearish iBOS is underway.
M15 Chart:
GOLD - Price can exit wedge, break support level, and fall lowerHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price declined to $1973 points, thereby breaking $2010 level, which coincided with support area.
But soon, Gold turned around and made strong upward impulse to $2087 points, breaking $2010 and $2065 levels.
Also, price entered to wedge, where later XAU bounced of resistance line and fell to support area breaking $2065 level.
After this, price bounced from support area and rose to resistance line of wedge, but a not long time ago fell to support line.
Now, Gold continues to trades near this line and I expect that price can exit from wedge and make retest.
Then price can fall to support level and break it, after which Gold will continue to decline to $1995
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XAU/USD 12-16 Feb 2024 Weekly AnalysisWeekly Analysis:
Outlook and bias for this coming week remains unchanged.
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short.
Bullish pullback following bearish iBOS now most likely complete and will target weak internal low.
Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line)
As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback.
Anticipate structure to indicate start of pullback phase once price prints CHoCH.
Weekly Chart:
Daily Analysis:
Bias has remained unchanged since last week:
-> Swing: Bullish.
-> Internal: Bearish
-> Has reached EQ.
Price pulled back following bearish iBOS as per expectation.
Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range.
Price remains, as last week, to be trading within internal high and low.
Expectation: Price to target weak internal low.
As per analysis of last week, In the event price continues to trade bullish, which it did, the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow which remains active.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Expectation remains as H4 analysis dated 09/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart:
HelenP. I Gold can correct below trend line and then start riseHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the 2015 support level, but at once rebounded and made a strong impulse to the trend line, breaking the resistance level, which coincided with the 2055 resistance zone. But after this movement, Gold turned around and in a short time declined to the 2055 level and soon broke it, after which it made a retest and then fell to the support level, which coincided with the support zone. After this movement, XAU at once rebounded from the 2015 level and rose to the resistance level, but it didn't fixed and soon declined back to the support level and even later fell lower. Next, the price some time traded near the support level, after which it made an impulse up to the resistance zone, thereby breaking the trend line, and soon turned around and in a short time declined back, making a fake breakout of the 2055 level. A not long time ago XAU rebounded up from the support level and broke the trend line one more time, made a retest, and at the moment continues to trades near this line. For my mind, Gold will correct below the trend line and then rebound up higher. That's why I set my target at the 2040 level. If you like my analytics you may support me with your like/comment ❤️
Buy XAUUSD Triangle PatternThe XAU/USD pair on the M30 timeframe displays a potential buying opportunity due to a recent a symmetrical triangle pattern.
Key Points:
The price has been trading within a symmetrical triangle formation characterized by converging support and resistance lines. This often indicates indecision before a decisive move.
Buy Entry: Consider entering a long position around the current price of 2034, offering an entry point close to the breakout level.
Target Levels: Initial bullish targets lie at the resistance levels of 2052 and 2064, marking previous resistance zones within the triangle.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken triangle at 2026. This helps limit potential losses if the price reverses and breaks back down.
Thank you
GOLD - Price can make small correction, and then start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few days ago price bounced from resistance line to support line of wedge, breaking $2005 level, which coincided with support area.
Then price turned around and made strong upward impulse to resistance line, breaking $2005 and $2065 levels.
But then Gold bounced and entered to falling channel, where it exited from wedge, broke $2065 level, and continued to fall.
In channel, price declined to support level, after which it turned around and made upward impulse to $2065 level.
Also, XAU exited from channel and a not long time ago it bounced from resistance level and now trades below.
In my mind, Gold can correct to $2015 points, after which it turns around and starts rise to $2050
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XAU/USD 09 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Expectation remains as H4 analysis dated 07/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price has printed a bullish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red printed bullish iiBOS followed by a bearish iiBOS. Pullback phase currently underway.
Intraday expectation is for price to target weak internal low priced at 2001.895
M15 Chart: