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Xau-usd

GOLD possible analysisPrice had previously formed liquidity above monthly and weekly resistance that held for quite some time. It was only until last week that price finally took the liquidity out with a massive wick, further failing to close above the last high on the higher time frame. It preceded reverse and broke structure on lower time frames, bringing about a shift in momentum from bullish to bearish trend. Price has just recently broke a third structure with momentum, leaving behind a beautiful 2h POI that lines up perfectly with the golden zone for extra confirmation. What i expect to see next is for price to retrace back into this supply zone, forming some form of liquidity in the process, to then use take out this liquidity and tap into our supply zone before pushing further down to take out internal range liquidity that was left behind during the previous push upwards.
OANDA:XAUUSDShort
by BlackTygaTrades
4
XAUUSD D1 - Neutral XAUUSD D1 Last night, XAUUSD experienced a remarkable surge of +720 points as the markets unfolded, driven by a confluence of factors, previously mentioned above. Notably, the XAUUSD markets are steadily advancing toward historic highs, and the market opening triggered a substantial influx of buying pressure, low volume causing such aggressive spikes, since we have corrected below market open price. It’s going to be a tame day I imagine given such wild moves witnessed.
FX:XAUUSD
by Trade_Simple_FX
What's next for gold. Retracement? or bearish movement ahead.Last week was a very good week for us. We targeted mutipe levels and suceeded. 1935 was my last target for bears. Before market closure gold manage to hit our target. So whats next? in my opinion 2 scenario's. 1932's is a support level were a posible pullback can follow. We need to follow priceaction after market openings to decide we go long. Target for bulls are 1964 and 1976 in the longrun. THe second scenario is were the bearish momentum continueus If 1932's get broken with confirmation we need to add more sells for targets 1915 and 1905. We also need to pay atention to the current Bearish channel. FOr bulls to regain power we need a break of this channel. Stay tuned. Resistance: 1947,1964, 1976, Support: 1932, 1915, 1905
OANDA:XAUUSD
by ForexGoldIntraday
XAUUSD (Gold) Flagpole & Pennant Formation?Looking at gold I think we're seeing a classic candlestick formation, signifying continued momentum. The significant rise of gold due to risk-off geo-political factors has created the pole, profit-taking and uncertainty at these higher levels has caused a slight retracement, however the bears can't take control, which is causing the pennant (LH's with HL's). This pattern normally suggests continuation in the direction of the main trend, I'm therefor looking for an entry on LTF's around the pennant lower border (1979), to the pennant top (2000) and then another entry using the same principle, after which I expect a breakout through the top with a target of 2015 (my resistance line), or alternatively another zigzag before the break (so important to be vigilan6t to get more pips, or just leave the trade as I don't expect the SL to breach if the overall idea is correct). Ultimately I think we'll be heading up to meet the ATH (my red line), but this moves fast and so important for me to get in and get out.
OANDA:XAUUSDLong
by Finchcliffe
1
XAUUSD 22/10/23XU showing us the results of major fundamental events as tensions rise the price of gold is sure to follow, as one of the safest assets to own even in 2023 gold is worth its weight! (unlike the USD) heading into this week iam looking for a low run into another new high from this very favourable asset. longs are for sure but a small rebalance is in order so will be looking out for this to come at some stage. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
OANDA:XAUUSD
by PipSurfingSociety
GOLD Short | Trade AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
12
XAUUSD (Gold): Quick scalp short from hereWe saw gold gap up which I believe needs to be closed, with a drop down to support around 1834, but may go further. The Israel Palestine conflict caused the buying of gold, however as a non-yield bearing asset it's less attractive than USD, and a strong USD is bad for gold, so I think we may even see a fall back down to the bottom of the channel at 1800. If it wasn't for the conflict then this is where I would expect us to be, so based on this I'm still short and entering.
OANDA:XAUUSDShort
by Finchcliffe