XAUUSD H4: Bullish outlook seen, further upside above 1724.50On the H4 time frame, prices are facing bullish pressure from the support zone at 1724.50, in line with the 1.272% Fibonacci retracement where we could see further upside above this support zone, with 1783.80 as the next resistance target. Stochastic is showing bullish divergence as well as highlighted in green, indicating potential for more upside in prices.
Xau-usd
XAUUSD Outlook (30 August 2022)As the DXY found a steady climb to the upside, Gold reversed from the 1800 resistance level to trade significantly lower to find strong support at the 1720 price level.
Gold first rebounded at the 1730 level to restest the 50% fib and price level of 1765 before trading lower again.
Currently, as the price rebounds from the support of 1720, look for Gold to retest the 61.8% fib level and 1750 price level before a continuation of the downtrend.
If Gold breaks below the immediate support level of 1720, the next support level is at 1710, and a key support level at 1680.
Gold Daily Analysis 26.08.2022Gold is bullish making HH and HL. Today gold may test the 1770 level considering the bulllish trend. However there is a very strong resistance at this level. So we may see a pull back from this. The present value zone has support above 1750 and resistance above 1770.
BUY STOP 1756 SL 1748 TP 1766
SELL 1774 SL 1780 TP 1765
Gold Daily Analysis 25.08.2022Gold is in uptrend value zone for now. Gold is making higher high since it made low of 1726. Presently the momentum is still not strong for bulls. Considering the important news today and tomorrow we can see strong direction this week. If gold makes any pullback at the time of news we will see for buying considering the uptrend.
The important levels are 1746-1756-1774
Here is my idea
BUY 1746 SL 1736 TP 1766
SELL 1768 SL 1776 TP 1756
XAUUSD Potential for Bearish Continuation | 25th August 2022On the H4, with prices moving within the descending trendline, below ichimoku cloud, we have a bearish bias. we're looking for a sell entry at 1756.096 levels where the 38.2% retracement sits. If price continue with the bearish trend, our take profit will be at 1728.960 where the 61.8% retracement sits and our stop loss at 1766.996
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XAUUSD - new potential setupsFX_IDC:XAUUSD
Hello everyone!
🛎 Let check the trading idea for XAUUSD
🤗 Not making anything difficult everything is pretty straightforward.
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. Short positions to activate. 🔴
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⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to H4
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😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝
💪 Profitable lock for everyone! 🙏
XAUUSD - potential setupsFX_IDC:XAUUSD
Hello everyone!
🛎 Let check the trading idea for XAGUSD
🤗 Not making anything difficult everything is pretty straightforward.
👉 1. Price goes ABOVE the selected range on the picture. Long positions to activate. 🟢
👉 2. Price goes BELOW the selected range. below. Short positions to activate. 🔴
----------------------------------------------------------------------------------------------------------------------------
⚠️ Important Notes:
1. Always follow your trading plan regarding entry, risk management, and trade management. ❗️❗️❗️
2. Timeframes: up to H4
----------------------------------------------------------------------------------------------------------------------------
😉 If you like the idea there was a like 🚀 and sign up so you can continue receiving great ideas like this one and also for us to make pattern the idea! 🤝
💪 Profitable lock for everyone! 🙏
Gold Daily Analysis 24.08.2022Yesterday Gold broke out from the upper boundary of strong bearish value zone. Today it will have a test for this breakout. If we close above 1736 in Daily then then test passes and we can expect more highs. This test may happen in US session when news out. Gold has strong resistance near 1772 and we can expect gold to rebound after this level.
BUY 1736 SL 1726 TP 1756
SELL 1748 SL 1758 TP 1738
Gold Daily Analysis 23.08.2022Yesterday gold tested 1727 which is lower support of value zone. Today Gold will test the 1746 level and this will decide if we have breakout or not. Gold is in heavy bearish trend. So bears are more strong. All other currencies are also falling. So its better to follow the trend for intraday. But considering the lower lows being made these are very good price for longterm buy. If gold fails to close above 1746 in 4 hours then we may make a new low of 1716 if bears keep pressure. Also we have important news in US session. So we can expect breakout in this time.
SELL 1746 SL 1752 TP 1728
BUY STOP 1752 SL 1742 TP 1772
XAUUSD H4: Bearish outlook seen, further downside below 1759.80On the H4 time frame, a pullback to the resistance zone at 1759.80, in line with the Fibonacci confluence levels and graphical support-turned-resistance zone presents an opportunity to play the drop to the support zone at 1713.50. Prices are holding below the Ichimoku cloud as well showing signs of bearish pressure. Failure to hold below the resistance zone at 1759.80 could see prices push higher to the next resistance zone at 1782.80.
Gold Daily Analysis 22.08.2022Gold was very bearish last week and bulls did not show any day. Every day closed in red. But presently gold is near key support. So we can take some risk and go long.
This is Fib 50 percent level and in buying zone. If this level fails then Gold will go further down near 1720 level. But we can expect small rebound at present level.
This week is very crucial as we have interest rates. So we can expect volatility before news.
Today we have important news in US time. So we will know if bulls show up or fail in US session.
BUY STOP 1752 SL 1742 TP 1772
XAUUSD 4hour Analysis August 21st, 2022Gold Bearish idea
Weekly Trend: Bearish
Daily Trend: Bearish
4Hour Trend: Bearish
Trade scenario 1: All timeframes are back to bearish and price action is not showing any signs of slowing down.
Going into this week we’re looking for structure. Ideally, price action forms a lower high close to 1760.00 then starts pushing lower again.
Trade scenario 2: For us to consider Gold bullish again we need to see a break above 1760.00 with a structure forming higher low above.
Gold Daily Analysis 19.08.2022Gold is continuing its downtrend and closed below the Fib 62% support. This is a good level for fresh buying and we can expect a reversal above 1745 which is also Fib 50%.
Present level is also the upper boundary of the longterm downtrend value zone from which gold broke out.
So this level is very important for Gold price to find its direction. If we close below this level then Gold may continue its fall. However trading is all based on luck and chance. So I suggest to go for buying at every low keeping in view of the rising tensions China US.
So my idea is to trade the reversal.
BUY 1752 SL 1742 TP 1788
GOLD ! Rollback to Support. The scenario repeats itself!😼GOLD trades in a wide global range between 2070 and 1689.38 and now after the third bearish momentum ends and after a false break-down of the lower boundary of the range, it rallies to 1810 and reverses to support 1747.7.
The situation can develop multifaceted, but the assumed scenario is that the price can repeat the movement from December 2020 and form an impulse by the end of the year to the previously tested 2070 level.
It is worth paying attention to further development of the situation regarding support 1747.7, if the price tests and fixes above the level, there are all chances of growth to the upper border of the trading range - 1862.9.
Regards R. Linda!
Gold Daily Analysis 15.08.2022Gold made a lower low 1774 and lower high 1801. This indicates trend reversal. This is healthy correction and we can test the levels near 1750-1760 which are 50-62 % levels of Fib retracement.
Today EU market is holiday. But still gold sell off happened. We can expect a reversal in US time.
BUY 1776 SL 1772 TP 1796
SELL 1796 SL 1804 TP 1766
XAUUSD 4hour Analysis August 14th, 2022Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking very bullish but we still need to see a bit more price action before we can enter in any positions.
Ideally, price action continues bullish and forms a significant higher low above 1800.00. Look to enter long and target higher if this happens.
Trade scenario 2: For us to consider gold bearish again we need to see a break back below 1800.00 with significant lower highs below.