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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Xau-usd
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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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.
💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1680.80, beginning of uptrend is expected.
We make sure when the resistance at 1807.13 breaks.
If the support at 1680.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 1680.80 on 07/21/2022, so more gains maximum to Major Resistance (1807.13) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 61.
Take Profits:
1752.71
1785.00
1807.13
1832.23
1878.75
1926.82
1959.30
2000.00
2074.89
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1680.80, beginning of uptrend is expected.
We make sure when the resistance at 1807.13 breaks.
If the support at 1680.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 1680.80 on 07/21/2022, so more gains maximum to Major Resistance (1807.13) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.
Take Profits:
1752.71
1785.00
1807.13
1832.23
1878.75
1926.82
1959.30
2000.00
2074.89
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Gold Daily Analysis 12.08.2022Gold is still testing the 1800 level. Presently gold is in a sideways movement. We need to have atleast one candle closing above 1800 level in Daily chart for bulls to come.
Gold is in a triangle and will breakout in US session. Based on the direction of breakout we can know which side gold moves next week.
Considering the week end and high impact news we will see more SL hunting before gold finds its way.
We need a small correction upto 1770 level before gold gets enough bullish pressure. However dont go for sell here as we still dont have any bearish pressure.
Hence we can wait for gold to make a low to buy or make a new high to sell.
BUY 1778 SL 1768 TP 1798
SELL 1812 SL 1818 TP 1800
BUY 1788 SL 1782 TP 1794
SELL 1798 SL 1802 TP 1788
XAUUSD - 1h bearish signsWe have a lower high on the XAUUSD chart showing buyers couldn't raise the price more.
The last bullish leg is growing very weak, and the last bearish leg was more powerful than the previous one. So there is more possibility of falling; this time, the price can break the demand zone and cross it.
XAU/USD basic technical for FridayThis chart shows some zones that I am willing to take trades within.
My technical analysis is actually showing me that Gold is bullish but I don't feel comfortable buying Gold a with how it is at the moment.
I can see that it is now sitting within a weekly resistance zone meaning that buyers maybe closing positions and sellers maybe slowly entering their positions.
I don't like to trade Fridays so I may just use the chart to see if I am right, pretty much paper trading.
My strategy is based around 10 pip gains so bare that in mind. I like to have stops above or below previous 30 min candle depending on trade direction and then close almost all of position at 10 pips profit, move to BE and let the rest run.
Always focus on risk management with every trade. You must have a solid SL and then points on the chart where you will close of partials or even all of the position. Always try your best to not let the full SL get taken.
I realise this analysis is very basic and difficult to understand at the moment but I will post more in depth analysis in the future.