XAUUSD 4hour Analysis September 25th, 2022Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are looking steadily bearish here on gold and we have strong evidence we will continue to do so. Going into this week we’re looking for new structure.
Ideally, price action retests 1660.00 and forms our next lower high. We will then look to target lower support levels.
Trade scenario 2: If we are to look at this chart and consider gold bullish we would need to see a break above 1675.00 with a higher low above.
Xau-usd
XAUUSD - LONGXAUUSD are in a consolidation area, and two tops. XAUUSD will be long, here because:
- We have a triangle, and it was tested sometimes
- The Building Permits was released and seems USD will be weaker
- EMA and BB basis lines are almost crossing
- MACD have another support, if you check others TF, and seems to be a strong one
- Candles are closing above the lowest lower
XAUUSD 4hour Analysis September 18th, 2022Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: Looking bearish as we go into this week and we can see our 1675.00 support zone was taken out recently.
Going into this week we’re looking to ride the bearish trend. We ideally need rejection from 1675.00 as new resistance. Look to target lower toward our -27% fib level.
Trade scenario 2: If we are to see gold as bullish we first need to see a rally higher into the prior range.
XAUUSD INVALIDATED ITS BULLISH VIEW? BELOW 1670 TARGET 1637Looking Back at Mar 22, 2021, We talked about XAUUSD in consolidation level.
Since that time, XAUUSD has tested its historical time and failed. Then reversed in deep correction.
As I said at previous idea Mar 22, 2021,
"Break and hold above 1925 would resume medium term bullish view to test 1990 and all time high 2075 level.
Break below 1660 would invalidate its bullish view."
Now, XAUUSD break below 1670 and 1660, invalidated its bullish view.
If XAUUSD Hold Below 1670 then its Bearish Continue To Target :
1637, 1534, and 1200.
Resistance at 1740.
Gold Daily Analysis 14.09.2022Yesterday gold made a higher low near 1697. We can take a good longterm BUY with SL 1688 near this level.
The present value zone is trending up. Yesterday gold tested the support at lower level of value zone.
Today price may test to break yesterday low and if bulls are strong we will be good to make our higher high at 1742 by week end
In present level we should not sell
BUY 1702 SL 1688 TP 1742
Gold Daily Analysis 13.09.2022Gold is in a uptrend value zone making small highs and lows.
Today Gold may test the resistance at 1743.
Present 1728 is weekly resistance. So we can expect any reversal from here if bulls are weaker. If price is able to sustain above this level in daily candle we will have this as support in next week.
Today we have important news in US time. So expect price to test its support or resistance levels then. If gold breaks the present value zone then it means a change in trend. The present uptrend value zone is formed recently and may not be strong. So dont go for longterm short even if price goes below this value zone.
The present setup is suggesting good reversal considering the double bottom formed in daily and 4 hour charts.
My trading idea for today
BUY 1718 SL 1708 TP 1742
XAUUSD 4hour Analysis September 11th, 2022Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: We are still overall bearish and we can see price action attempted to break the range but failed to form above the zone at 1720.00
The most likely scenario is gold continuing the range it's in. If this happens look to target toward the bottom of the range.
Trade scenario 2: For us to consider gold bullish again we ideally need to see a bullish break of the range with a higher low above.
Gold Daily Analysis 09.09.2022Gold is consolidating after forming a double bottom by testing the support at 1690. However we need a breakout from the present sideways pattern above 1728 in daily chart for more bulls to show. Today is week close. So we can expect SL hunting on sell side. We can hope for the breakout next week.
SELL 1726 SL 1732 TP 1716
BUY 1706 SL 1696 TP 1726
XAUUSD H1: Bullish outlook seen, further upside above 1700.50On the H1 time frame, a throwback to the support zone at 1700.50, in line with the Fibonacci confluence levels and M30 demand chain could present an opportunity to play the bounce to the resistance zone at 1743.00. A break above our upside confirmation level at 1723.80 which is also the swing high resistance could provide the bullish acceleration to the resistance zone at 1743.00. 20 SMA is showing signs of bullish pressure as well with prices holding above the SMA.
XAUUSD Swing Trading PlanEntry price: fibonacci level 23,6% ->(valid if price closes above 23.6% Fibonacci level)
TP1 : 1762 ->fibonacci level 61,8%
TP2: 1881.5 ->fibonacci level 161,8%
SL1: Below Fibonacci level 0% or it can be under strong support 1880
Alternative SL: can be made also at the price of 1675 let the price breathe a little
SL2: you can make a stop loss right at the price of 1600 (previous of Fibonacci 161.8%) or you can make it below
All valid if the price today or tomorrow manages to close above the Fibonacci level 23.6%
or alternatively buy at the price of 1680 it is strong support most likely the price will bounce from there you can set the RR at 1:2 to be safe :_)
good luck!!!
The primary trend remains bearish on GoldXAUUSD - Intraday - We look to Sell at 1707.29 (stop at 1720.89)
The primary trend remains bearish. A firmer opening is expected to challenge bearish resolve. Horizontal resistance is seen at 1708.00. Resistance could prove difficult to breakdown. Preferred trade is to sell into rallies.
Our profit targets will be 1678.18 and 1670.00
Resistance: 1708.00 / 1800.00 / 1881.00
Support: 1677.00 / 1600.00 / 1586.00
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