Xau-usd
Gold Daily Analysis 01.09.2022Yesterday the monthly candle closed in bearish sentiment. Dollar is getting strong due to crisis in europe and china. This is having high impact on gold also.
Considering the TA we can see Gold is in downtrend since it made high of 2070 after war. It tested the 1680 lows and made a good high of 1800.
In my thought I feel gold has come back to test this 1680 level once again before it goes bullish. So this is the best opportunity to make long term buy once gold tests levels between 1600-1700
However keeping the trend in view if we close below 1660 gold may go further down to test the support of longterm bearish channel it made since bears took ride.
So if gold closes below 1660 we will be prepared to test 1600.
For today the intraday trade can be
BUY 1702 SL 1694 TP 1712
BUY 1680 SL 1670
I prefer only BUY because these levels are very important for reversal and we may be stuck for so much time in sell if price suddenly reverses
I can also see a sideways channel in yellow. But this will be confirmed only if gold starts to rebound above 1680. Until now I felt we are in bullish trend. But this is not true. We may be in a sideways or downtrend only
Medium term bias remains bearish on GoldXAUUSD - Intraday - We look to Sell at 1737.82 (stop at 1750.19)
The medium term bias remains bearish. A higher correction is expected. Resistance is located at 1740.00 and should cap gains to this area. Preferred trade is to sell into rallies.
Our profit targets will be 1710.37 and 1700.00
Resistance: 1740.00 / 1800.00 / 1880.00
Support: 1710.00 / 1600.00 / 1450.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Gold Daily Analysis 31.08.22Gold is near the lower boundary of its value zone. The 1720 level is double bottom and can help gold to make new highs. However we have a test for trend line at 1732. So we need to wait for confirmation to breakout above 1732 to go for longterm buy.
SELL 1732 SL 1738 TP 1722
BUY 1722 SL 1717 TP 1732
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.
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
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 - 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. 🔴
----------------------------------------------------------------------------------------------------------------------------
⚠️ 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! 🙏
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.