Get started

Xau-usd

Gold Daily Analysis 13.07.2022Gold is within the value zone 1726 - 1736. Today we have very important news on CPI numbers (most possibly will be negative for USD). So market will be volatile in US session. Gold may test new lows before news time. Trend is bearish. Market sentiment is still bearish. Prefer to go short over long. Everytime gold test new low there is a price action and gold will rise around 20$ before it falls again. So we can wait until gold tests the 1716 level and BUY with small SL. My trading idea BUY 1716 SL 1708 TP 1732 SELL 1742 SL 1748 TP 1728 BUY 1702 SL 1696 TP 1726 BUY 1686 TP 1716
OANDA:XAUUSDShort
by boyinjungle
Gold Daily Analysis 12.07.2022Gold is following the bearish trend and is presently trading below the value zone below 1736. So we can follow the bearish trend line (yellow) and go for SELL when Gold comes near this line with small SL. As I explained in picture Market sentiment, trend lines, price action, breakout strategy are suggesting there is more bearish momentum. So seeing this we can say this trend may continue until the CPI numbers come this month. Be prepared for seeing the long term support 1676 (may come when Fed announces rate hike) The important levels today 1676-1702-1716-1726-1736-1746 Gold made a new lower low. This is not any SL hunting and is showing the dominance of Bears in market. SELL 1732 SL 1748 TP 1702
OANDA:XAUUSDShort
by boyinjungle
Gold Daily Analysis 11.07.2022Gold is testing patience and is continuing in its value zone between 1730-1750. It tested both the boundaries of value zones and found good support and resistance on both sides. So it continued staying within this narrow range. Present levels of gold are very good for buyers but market is strongly bearish so there is no trend reversal till now. Technical analysis is showing strong bearish picture. However price action suggests we need to test the resistance at 1772 before taking new direction. Candle sticks show the formation of a doji and inverse hammer suggesting reversal from 1730 level. This month Fed announced to increase the interest. This will impact gold and give strength to bears. We will not take any long term trades until gold closes above or below value zone. Scalping with small SL is better now BUY 1732 SL 1724 TP 1748 SELL 1752 SL 1758 TP 1740
OANDA:XAUUSD
by boyinjungle
XAUUSD 4hour Analysis July 10th, 2021Gold Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: All major timeframes on gold are now bearish after last week. Clearly we are in a new bearish trend and we will look to continue with it. Ideally, price action retraces to form structure closer to 1800.00 resistance and presents a great short opportunity. Look to target lower toward major support levels. Trade scenario 2: The other likely scenario is that price action just keeps falling. We will then have to re-analyze and come up with new potential scenarios.
FX_IDC:XAUUSD
by ForexLeague
Gold Daily analysis 08.07.2022Today the weekly candle will close. So lets try to see the bigger picture from technical analysis. The two large Red Candles which formed in US sessions were manipulation. Both of them had exactly same size and there is no price action after the close of these big candles. So technically there is no logic that can explain the present reaction of prices. Today we have NFP and important News in US session. I feel they will get the news in favor of USD and go for SL hunting once again. Even market sentiment is strongly bullish with 90% people in BUY. If we consider fundamental aspect all this may be because of hike in interest rates on US bonds. But dont you think USD itself is a total manipulation and these interest hikes should not effect Gold so badly. Considering the price action of weekly chart I feel present dips are the reaction to the highs made above 2000 level. So this reaction can take us further down before price consolidates near the 200 DEMA. In short term though prices may rise to levels near 1800 I feel the 1600 levels are surely coming in coming days before gold finally starts a bullish trend in recession. All the discussion may be confusing. In short I mean the longterm technical analysis and price action are in line with the present lows being made. However the no reaction phase which we see after the dump is suggesting some manipulation. So lets not predict anything and go with the market today. We can see gold is consolidating beautifully since one day. This shows market is uncertain and will need a trigger for next direction. I suggest to go for STOP orders instead of LIMIT orders as present price is not clearly guiding. Here is my idea BUY STOP 1752 SL 1744 TP 1772 (I hope we will see the levels upto 1780) SELL STOP 1728 SL 1734 TP 1716 (This trade is only for SL hunts and we will see a strong reversal after this)
OANDA:XAUUSDLong
by boyinjungle
Gold Daily Analysis 07.07.2022Yesterday Gold made new low of 1732 and is trying to break the bearish trend line which it started from two days. For bulls to show up gold needs to close above 1746 in 4 hours. Otherwise the bearish trend will continue to form new lows. The technical indicators RSI, BB and MA are suggesting for a buy. But Price Action is not in support for Bulls as we can see from the strong red candles. As we can see from the weekly chart the Fib levels suggestt 1686 to 1760 are 68% and 50% levels since it made the high at 2070 and low 1451. So if the bearish trend continues we can expect some reversal near 1686 since no bulls showed up at the 1760. However remeber that these levels are very good for longerm BUY. So if you can wait then go for buying at these lows. We can also see the formation of a new ultra bearish trend line (Red). So dont trade for reversals unless gold closes above this line. If price comes near this line we will go for sell with small SL as the trend is bearish. For today my plan is Sell 1946 SL 1954 TP 1926
OANDA:XAUUSDShort
by boyinjungle
5
Gold Daily analysis 06.07.2022Yesterday Gold smashed every bull. Even I was also bullish and hit SL twice. This is the reason we use SL to not get big loss. Yesterday's market taught me one more lesson to stay away from trading when the setup fails. Yes 1766 was not in my plan and I was expecting the lowest 1792. SL helps in saving losses. So dont be rigid on emotions and be logical. Today I dont have much to say as I need more data and reaction of price to these new levels to take new trades. Seeing the big bearish candle yesterday and no bulls showing up even at this level of 1765 I think we have more new lows to see before trend reversal. For today I lowered the lower boundary of the value zone and see that the next target is 1746. Since its too risky to go for sell at this price I suggest to wait for more confirmation to go for BUY. Important levels 1726-1746-1766-1786 Keep in mind that trend is strongly bearish and if you want to trade reversal always use SL. BUY 1748 SL 1738 TP 1765
OANDA:XAUUSDShort
by boyinjungle
2
XAUUSD H4, BREAK & HOLD BELOW 1786.28 TO TARGET 1748.37XAUUSD failed to Break and hold above 1869.62. It's just hit 1879.45 and then rejected lower, broken 1828.38 to 1786.28. As I said at previous idea: "Anyway, Break Below 1828.38, Open The Way To Retest 1786.28." As we see, XAUUSD Broke Below 1828.38, and hit the target 1786.28. 1786.28 (Double Bottom) is a Strong Support, If Break then Strong Bearish. If Break Below 1786.28, then Potentially Retest 1748.37, 1712.73, 1667.34. But, if Break Above 1879.45 (Triple Top), then Bullish to Retest 1909.80 & 1919.77. And if Break Above 1919.77, then Bullish To target 1998.39.
FXOPEN:XAUUSDShort
by Wahyu_Luck
Gold daily analysis 04.06.2022Happy Independence Day to US citizens. I wish one day I too come and live there. Gold is within the value zone and has tested the support at 1786. Bulls showed up and gold closed green last week. Today gold will stay range bound because of holiday. So we will trade with small TP and SL when price tests the resistance of value zone at 1821 Although there is no confirmation we should be patient and see if gold changed its trend since it tested the support at 1786. So I suggest to wait for gold to test the 1825 level if you want to go for short. However these levels are very good for buying and we need to see for longterm buy if price falls below 1800. BUY 1796 SL 1792 TP 1812 SELL 1821 SL 1827 TP 1812 I feel 1804-1808 level will act as support today. So if you can keep SL 1792 then this will be good for scalping buy.
OANDA:XAUUSDLong
by boyinjungle
4
Gold Daily analysis 01.07.2022The opening day of month gold is bleeding and is presently not able to sustain above 1800 level. We have also been making new lows since morning. All this is showing the bearish pressure and this is because of the total market sentiment. These levels are very good for longterm buys and stack your gold at every dip. As we can see gold is testing the lower boundary of value zone. Today we may also test the support at 1786. In daily candle if we close below this level then we will see more bearish pressure coming days. So be careful today as we have an important news in US session and week close. Mostly on Friday people avoid to take trade as market is volatile because of profit booking. I suggest to BUY 1786 TP 1798 SL 1782 SELL 1813 TP 1804 SL 1820
OANDA:XAUUSDLong
by boyinjungle
3
Gold Daily analysis 30.06.2022Monthly chart: Gold is bearish. However seeing the volume and size of candle we can expect the price has reached its bottom. But still we should be cautious as gold may test the level below 1786 before closing Weekly chart: Last two weeks candles are red. The 1800-1805 level acted as a good support. This week we made lower high and lower low. So expect bearish closing for this candle also. I feel to go for buy when price tests the levels at 1786 and 1800 Daily chart: In last ten daily candles only two are green. However every candle has smaller body and long wick this week. This shows the uncertaininty. Bulls are buying in back. But banks are not letting the price to go high as they want to continue buying at these levels. News: Yesterday two more countries are taken into NATO and once they become members then Russia will have NATO at its East border. Moreover NATO deployed 300k more soldiers at borders. All this enrages Russia and we can expect much worse time. Today we have Core PPI. These numbers are input for inflation. I feel the news will be negative for Gold. So we can see some big bearish move before American session to test the support levels at 1788 and 1800. Once news is out the bullish momentum is triggered. All this is just my prediction. Let us see chart and trade So my overall analysis is Gold is in bearish trend but bearish momentum is weak. So we need a trigger level for change in trend. I suggest to be patient today and dont go for sell above 1816. When price tests the 1788 and 1804 levels we will go for buy. Important levels 1786 - 1804 - 1826 - 1845 - 1856 - 1872 Trading ideas for today BUY 1788 SL 1776 TP 1826 BUY 1804 SL 1799 TP 1826 Today we have very important news and month close. So people will book profits and we will see bearish candles in small TF. But dont get tempted for small movements. Wait for best level for BUY.
OANDA:XAUUSDShort
by boyinjungle
2
Gold daily analysis 29.06.2022Gold is in down trend. But the momentum of bears is very slow. Presently gold is consolidating between its weekly support at 1818 and the Upper value zone boundary (today at 1830). Market is waiting for the CPI numbers which come tomorrow. So there is no volume yesterday. Today there is Powell speech and similar to before he will assure dollar is strong and other positive things to keep spirits. So today I hope during this interview Gold will test the support between 1808 to 1818 and this can act as a trigger for some bullish momentum. However lets go only for scalping with small SL and TP before American session. Presently gold is trading below its 50-100-200 DEMA levels. So see for longterm buying at every low. Tomorrow is month end and news about CPI so we will see very high volatility. The important levels today are 1804-1816-1826-1832-1845-18561872 My trading idea Sell 1830 SL 1836 TP 1820 Buy 1808 SL 1800 TP 1826
OANDA:XAUUSD
by boyinjungle
1
Gold daily analysis 28.06.2022Yesterday gold tested its support at 1818 at resistance at 1840 near the downtrend line. Presently gold is in bearish trend forming lower highs and lower low. There is a downtrend channel with support at 1818 level which is test more than once. Today I see gold will test the upper boundary of value zone at 1835 and start pull back to test the support 1818 and then 1808. Since price is stable near the 1818 level since some days I feel we can see the testing of further lower support at 1808 and 1800 if there is strong momentum and volume in US session. However keep in mind that the levels at 1800 to 1808 may act as strong trigger levels for bulls and we can see reversal. So for today we will go scalp sell with small target. Sell 1836 SL 1844 TP 1822 The 50 Dema and 200 Dema are near. This shows the sideways momentum since month worked well in bringing prices to original levels. Now markets are in sideways. So dont trade against trends and have targets within value zone. In US session we have important news today. So be careful then.
OANDA:XAUUSDShort
by boyinjungle
2
XAUUSD 4hour Analysis June 27th, 2021Gold Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Gold is looking bearish but we are forming a bit of a pattern here. Price action is resting near 1830.00 and we are waiting for reactions here to determine where we’re going next. Ideally we continue bearish and we see structure below 1830.00. Look to enter short on strong lower highs below 1830.00 and look to target lower toward 1800.00 Trade scenario 2: The other likely scenario is that this pattern continues to develop and we see price action push toward our 1850.00 area. Look for reactions at this level for the next move.
FX_IDC:XAUUSDShort
by ForexLeague