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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
XAUUSD 9/10/23Gold showing us exactly what we want to see from our secondary US pairs a bullish range with a gap at the top now gold is slightly different to our other US secondary pairs as price action has stayed above the gap since creation rather than falling below the gap so in turn we have gapped higher with gold rather than gaping lower like the rest of our pairs now keeping in mind that we have AUS bank holiday today we aren't expecting to see any huge expansions from gold due to the lack of liquidity from New York session as you can see the price action that has occurred since the market open has actually been very sideways creating high level levels of liquidity higher and lower meaning that when we do shift there will be a significant amount of movement behind it overall I'm looking for price to come down and break the low of this massive 5 minute range that we have put in this would also feel our gap from market open and it would lead us into our unmitigated POI where we have a small amount of Inducement, until we get into our later sessions this week I am not expecting a fulfilment of this gap.
OANDA:XAUUSD
by PipSurfingSociety
FNV, GOLD-Mine GEM to Complete Historical Triangle-EXPANSION!Hello There! Welcome to my newest idea about FNV from the gold market perspective. In recent times, the gold market is approaching severe developments that could lead to major price-action disruptions in any case, especially with the important underlying dynamics to consider as I am doing it within the market. Major innovations and implementations within the gold market sector have the potential to accelerate the price-action dynamic so that stocks like gold mine stock have the potential to move on with historical breakouts like never seen in the gold market history. I have mentioned the gold market developments already in previous ideas and with FNV I have spotted a new gem within the market that can unfold its whole potential with the major gold-backed currency-system implementation developments ongoing. Historical Gold Market Developments and What Should be Derived for Today´s Market: Throughout history, gold rushes have shown that the market had the ability to convert the gold market into exponential growth rates almost overnight. Today, with the appropriate technology and innovation provided by a fourth industrial evolution development such measurements within the gold market can top everything seen before in the gold market history. An implementation of a gold-backed currency system even in a small or medium-sized economy field is going to accelerate the demand for gold and therefore also gold mines as it is the case with FNV in such a manner that a major breakout of the established price action will almost be inevitable. Major Formation to Increase the Potential for a Massive Trend-Acceleration Simultaneously With a Gold-Backed Currency-System Implementation. FNV is forming this gigantic epic ascending triangle formation with several bullish bouncing within the whole trend direction and the major bullish wave already established before. Furthermore, FNV has major support zones within the whole structure determined by the triangle boundary, the 65-EMA, and the horizontal supports. Now as FNV already penetrates the upper boundary of the major ascending wedge formation this means that a final breakout of the triangle formation above the upper boundary is not far away and especially in this case the full acceleration and implementation of the new gold-backed currency system could be one of the primary triggers of such a final breakout. Upcoming Perspectives, Determinations, Targets, and Underlying Dynamics as well as the Overall Gold Market to Consider for a Conversion-Breakout Wave-Expansion: Within my analysis, I spotted the most important metrics, key factors, and price levels to watch out for within the current development, and therefore the finalization of the final breakout and acceleration of the price dynamic is not far away. Once a breakout above the upper boundary of the paramount triangle formation has shown up this is going to mark the origin setup of the huge expansion wave to accelerate within the whole chart. In this case, FNV is going to mark a target zone of at least a 180% continuation. Especially, when the gold-backed currency-system implementation appropriately moves forward simultaneously with the breakout and expansion wave C this is going to accelerate the dynamic even above the levels of the upper target zones. Especially, today we should look at history and see how innovations and important market changes could transform a market such as the gold market into epic price actions with growth rates above average. Taking this into the perspective of the market today this could be the origin of a major transformational market like never seen before. Therefore, it is necessary that the necessary technology is implemented to actually realize the full potential that results from a gold-backed currency system and the acceleration of gold mines. In this case, I am going to re-analyze the developments with the major key metrics to estimate the trend ongoing within the gold market. It will be an important development. In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated. VP
NYSE:FNV
by VincePrince
15
XAUUSD (GOLD): Why I'm still Bullish...Gold underpins the Chinese Yuan, it's underpinning the BRICS movement full-stop. Chinese economy is on the move... Recently, despite USD strength, Gold has maintained a HL, and I now see a reverse H&S forming. I expect FOMC to pause this week, and often FOMC is not the best for USD. I believe Gold has been forming a bull flag (which I calculate has been broken out of and retested), rather than a reversal of the current movement, at the very least it will re-challenge the ascending channel it broke out of. Gold seems ultra resilient despite dollar strength, a moment of dollar weakness (that I think we'll see this week) and I think it'll pump.
OANDA:XAUUSDLong
by Finchcliffe
XAUUSD 24/9/23XU is currently sitting in a monster range, we have tracked this thing bearish for the best part of last week, while we expect a bullish move we do have a few blocks stopping us from possibly shifting up into our upper 50% of this range. firstly we have a minor SWH that will act as an internal protected high that could let us find an entry to go higher if we break it, we could also see it shift price deeper towards our low giving us a run of the lows overall iam looking for a break of this high leading us to the untradable POI we have marked. open entries and watching out high is the key for an entry here on gold. 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