XAUUSD H4: Bearish outlook seen, further downside below 1898.00On the H4 time frame, prices are approaching the resistance zone at 1898.00, which coincides with the 38.2% Fibonacci retracement and 61.8% Fibonacci extension. A pullback to this zone could present an opportunity to play the drop to the next support target at 1823.80, which is also the graphical support area and Fibonacci confluence zone. A break below the downside confirmation level at 1862.80 could provide the bearish acceleration to the support zone at 1823.80.
Xau-usd
EURUSD H1: Bearish outlook seen, further downside below 1.0800On the H1 time frame, prices are approaching the resistance zone at 1.0800, in line with the 38.2% Fibonacci retracement and 100% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 1.0680, in line with the graphical low. Prices are holding below the Ichimoku cloud, supporting the bearish bias.
XAUUSD Potential for Bearish Continuation | 9th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 1901.743 where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1959.770, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
XAUUSD time for a correction? 🦐Gold has been in a bullish trend, however the recent price action suggests that the momentum is losing steam and the price is trading above the 1900 area support. This can be seen as a sign of consolidation or a potential pullback.
Traders should keep a close eye on the 1900 level, as a break below this support could signal a larger pullback. On the other hand, if the price holds above the 1900 support and continues to climb, it could indicate the continuation of the bullish trend.
The market has recently taken the liquidity above a minor resistance with an upward trend move, which as i said is a bullish signal however traders should also be prepared for potential corrections in the market. If the price breaks below the support level, it could signal a pullback or correction, and traders may consider taking a short position to capitalize on this potential downturn.
We will wait for confirmation from the Plancton's strategy to eventually set a short order in the market.
XAUUSD Potential for Bearish drop to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 1901.743 where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1959.770, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is.
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XAUUSD Potential for Bearish Continuation | 8th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 1901.743 where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1959.770, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
XAUUSD H4: Bearish outlook seen, further downside below 1901.50On the H4 time frame, prices are facing bearish pressure from the resistance zone at 1901.50, in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci extension. A pullback to this zone presents an opportunity to play the drop to the support zone at 1861.00, in line with the graphical low. Prices are holding below the Ichimoku cloud, supporting the bearish bias.
XAUUSD Potential for bearish drop to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 1901.743 where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1959.770, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAUUSD Potential for Bearish Continuation | 7th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 1901.743 where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1959.770, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
XAUUSD SHORT BIAS! (UPDATED!)Hello all!
XAUUSD Top-Down analysis like promised! :)
Looking INTERESTING for the upcoming week! What am i seeing? a bearish gold! My projection played out perfectly since i've started with analysis videos!
I will look to monitor LTF and sell to 1840. As of now the POI near 1910 is a STRONG zone! If it gets there i will be looking forward taking a refined entry once price mitigates that zone!
Enjoy! :D
XAUUSD potential for bearish drop to overlap supportLooking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 1901.743 where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1959.770, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAUUSD Potential for Bearish Continuation | 6th February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 1901.743 where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 1959.770, where the previous swing high is. Take profit will be at 1824.515, where the overlap support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
XAUUSD Gold opposite pattern to DXYIf you believe, like I do, that DXY is retracing (or maybe reversing), then it stacks up that Gold will follow a negatively correlated path.
On the 4hr we've seen a bearish engulfing candle and have already broken the 4hr trendline, we quickly retraced back before strong rejection to the downside. I believe we'll see short term strength to mirror DXY retracement, before a big move down. RSI is not oversold which is the only area of concern for this idea.
I'll be keeping an eye on this pair, looking for opportunities to go short around the 1900 mark, using LTF's.
Really not sure whether DXY will retrace to the 0.5 FIB and then continue lower (good for gold), or we're seeing a reverse, and if this is the case then I expect gold to plummet over the next few months.
Gold Futures ( GC1!), H4 Potential for Bearish DropTitle: Gold Futures ( GC1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 1975.2
Pivot: 1912.5
Support: 1836.9
Preferred Case: Looking at the H4 chart, my overall bias for GC1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Expecting price to possibly drop towards the support at 1836.9, where the overlap support is.
Alternative scenario: Price may head back up towards the resistance at 1975.2, where the recent high is.
Fundamentals: There are no major news.
XAUUSD Potential for Bearish Drop | 3rd February 2023Looking at the H4 chart, my overall bias for XAUUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for an immediate sell entry at 1911.950 to ride the bearish momentum. Stop loss will be at 1959.770, where the previous swing high is. Take profit will be at 1865.215, where the overlap support and 161.8% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
XAU/USD eyes smooth run-up towards $1,980 The tide appears to have changed once more in favor of Gold buyers.
The price of gold is currently above $1,950, where it has been for the past ten months. For XAU/USD to continue rising, it must overcome the $1,960 resistance. The US Federal Reserve rise of 0.25%, which was widely anticipated and priced in, drowned the US Dollar the day before, causing the price of gold to spike. The Fed announcement indicating declining inflation pressure and Chairman Jerome Powell's suggestions of rate reduction by late 2023 if inflation lowers quicker, however, received the majority of attention. Additionally helping the XAU/USD bulls were negative US data, expectations of additional Chinese stimulus, positive stocks, and lower US Treasury bond yields.
XAUUSD Potential for Bullish Continuation | 2nd February 2023Looking at the H4 chart, my overall bias for XAUUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 1931.08, where the 50% Fibonacci line is. Stop loss will be at 1900.87, where the previous swing low is. Take profit will be at 1998.41, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
XAUUSD Potential for Bullish Continuation Looking at the H4 chart, my overall bias for XAUUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market.
Looking for a pullback buy entry at 1931.08, where the 38.2% Fibonacci line is. Stop loss will be at 1900.87, where the previous swing low is. Take profit will be at 1998.41, where the previous swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.