XAUUSD 4hour Analysis August 7th, 2022Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Looking bullish here on Gold on our 4hour and daily timeframes.
Unfortunately gold is consolidating near our 1800.00 zone and we need a clear direction for price action before we can get into a trade.
If we are to continue bearish we need to see significant lower highs after rejecting our 1800.00 zone. Look to target lower toward our 1740.00 zone.
Trade scenario 2: For us to identify long scenarios we ideally want to see structure above 1800.00
Xau-usd
Gold Daily Analysis 05.08.2022We need to complete the fifth high in eliott wave at 1816. So once gold touches a trigger level near the support of value zone 1776 we can see bulls upto 1810 level.
So I suggest to go for buy when gold comes near support.
In longterm gold is bullish. So prefer buying over sell
The value zone which formed recently is still supporting the bulls. The longterm bearish value zone in yellow failed yesterday and breakout confirmation is done in 4 hours. However we will have a test for breakout of Daily candle today. So when prices come to 1776 level the test completes.
BUY 1776 SL 1766 TP 1816
SELL 1816 SL 1826 TP 1766
💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1697.6).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 67.
Take Profits:
TP1= @ 1723.6
TP2= @ 1745.1
TP3= @ 1763.5
TP4= @ 1785.1
TP5= @ 1809.9
SL= Break below S2
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💡Don't miss the great buy opportunity in XAUUSD (GOLD)Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1697.6).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 67.
Take Profits:
TP1= @ 1723.6
TP2= @ 1745.1
TP3= @ 1763.5
TP4= @ 1785.1
TP5= @ 1809.9
SL= Break below S2
❤️ 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 ❤️
XAUUSD Potential for Bullish Continuation | 4th August 2022On the H4, with prices going along the ascending trendline and moving above ichimoku cloud, we have a bullish bias that price may rise from the buy entry at 1760.25, which is in line with the 78.6% fibonacci projection to take profit at 1785.74 where the the swing high, 127.2% projection and 50% fibonacci retracement are. Alternatively, prices may drop to stop loss at 1746.33,which is in line with 38.2% fibonacci retracement.
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.
Gold Daily Analysis 04.08.2022Gold tested the support level of uptrend value zone and made a higher low 1754. Now gold is going to test the reistance at 1786. As expected gold is consolidating and we will have a breakout after NFP. We can go for a sell order when gold tests the level above 1780 and buy near 1760. All together momentum is not strong but is bullish. The China war can change the trend of gold. I feel we will see levels above 1800 if war starts.
SELL 1780 SL 1790 TP 1768
BUY 1760 SL 1750 TP 1780
XAUUSD Potential for bullish rise | 3rd August 2022On the H4, with prices going along the ascending trendline, we have a bullish bias that price may rise from the 1st support at 1760.85, which is in line with the 78.6% fibonacci projection to the 127.2% projection where we take profit. Alternatively, prices may puillback to intermediate support and stop loss at 1746.33 which is in line with 38.2% fibonacci retracement
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.
Gold Daily Analysis 03.08.2022Gold is in uptrend and tested the support at 1756 after making higher high 1788 and getting rejected from the upper boundary of long term bearish value zone (yellow).
The present value zone is bullish (white) and the present china war can help gold to continue its bullish pressure as seen in case of Russia.
However technical analysis is still not in favor of bulls and we can expect a reversal when NFP news comes. So lets be patient and see if Gold can break the 1790 level or the support below 1756 level.
For today I feel Gold will test the 1780 level. So we can see for buying.
BUY 1768 SL 1760 TP 1782
SELL 1788 SL 1798 TP 1768
XAUUSD Potential for Bullish Rise
On the H4, with prices going along the ascending trendline, we have a bullish bias that price may rise from the buy entry at 1755.254, which is in line with the 78.6% fibonacci projection to take profit at 1787.591 where the the 127.2% projection and 50% fibonacci retracement are. If the price keeps going up, it may reach the resistance at 1805.421, which is in line with the 61.8% fibonacci retracement. Alternatively, prices may drop to stop loss at 1736.55 where the 50% fibonacci retracement is.
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XAUUSD Potential for bullish rise | 2nd August 2022On the H4, with prices going up, we have a bullish bias that price may rise to our entry level at 1768.25. Price should rise to our take profit level 1784.25 which coincides with 127.2% Fibonacci Extension . If prices rejects, stop loss will be at 1758.48
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 rise | 2nd August 2022On the H4, with prices going up, we have a bullish bias that price may rise to our entry level at 1768.25. Price should rise to our take profit level 1784.25 which coincides with 127.2% Fibonacci Extension. If prices rejects, stop loss will be at 1758.48
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 rise | 1st August 2022On the H4, with prices breaking out the Ichimoku indicator, we have a bullish bias that price will drop and rise to 1789.27 in line with pullback resistance and 61.8% Fibonacci retracement. Alternatively, prices could break and drop to 1740.05 where the 50% Fibonacci extension 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 4hour Analysis July 31st, 2022Gold Bullish idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Overall we are now looking bullish as gold moves higher. Ideally this week we can see some new structure above 1740.00 with a confirmed higher low.
Look to target higher toward 1800.00
Trade scenario 2: For us to consider gold bearish again we need to see a break back below 1740.00 with a lower high below.