Xau-usd
BUY TRADE ON XAUUSDPotential Trade Setup on XAUUSD
The price broke out of a strong resistance zone and a long-used Trendline but yet to retest the broken structure.
The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade.
You may find more details in the chart!
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Sell Gold (Xau/Usd) wedge BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2427, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2403
2nd Support – 2388
Stop-Loss: To manage risk, place a stop-loss order above 2440. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Could Gold reverse from here?The price is reacting off the pivot which acts as an overlap resistance and could reverse to the 61.8% Fibonacci support.
Pivot: 2,432.17
1st Support: 2,402.82
1st Resistance: 2,451.17
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold Spot / U.S. Dollar | Short Position | 15mfor time being, we can take 15m sell position when there is a clear confirmation
15m : Took local inducement with 15m bearish confirmation
1m : OF mitigated with bearish confirmation , took bearish market order entry
Target :
15m sell-side lq spot
15m sell-side valid inducement point
Buy Gold (Xau/Usd) Channel BreakoutThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2394, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2470
2nd Support – 2500
Stop-Loss: To manage risk, place a stop-loss order below 2362. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Gold Spot / U.S. Dollar | Entry 2 : Short Position15m : Supply zone mitigated
1m : Took short position after 1m bearish confirmation
Note :
Enter any position only during kill zones
After the market enters a non-kill zone area, trail your stop loss to the entry point or the nearest mitigated order flow level
Gold Spot / U.S. Dollar | Forecast | Day Time FrameThe following technical analysis is truly based on Smart Money Concepts (SMC) for intraday trading.
Day Time Frame :
Took all the buy-side liquidity and mitigated the supply zone.
It is likely to move bearish to grab the sell-side liquidity.
I will be posting a series of 15-minute kill zone entries. Keep an eye on this space!
Gold Spot / U.S. Dollar | Entry 1 : Long Position15m : Demand zone mitigated and waited until candle confirmation in asian kill zone
1m : Took long position after bullish confirmation
Note :
Enter any position only during kill zones
After the market enters a non-kill zone area, trail your stop loss to the entry point or the nearest mitigated order flow level
Gold Spot / U.S. Dollar | Selling Opportunity | 15m Time FrameDay Time Frame Analysis : Check the related idea tagged below.
15m: Wait for a buy-side liquidity sweep in any kill zone, then take a short position followed by a 1-minute bearish confirmation.
In the meantime, if there is any strong sell-side liquidity sweep in any kill zone, take a long position for the time being, followed by a 1-minute bullish confirmation.
Could price reverse from here?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could potentially reverse to the 1st resistance which has been identified as an overlap resistance.
Pivot: 2,378.49
1st Support: 2,354.61
1st Resistance: 2,421.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Fears Fail to Keep Gold Above $2,400: A Temporary Dip? Gold has slipped below the $2,400 mark even as geopolitical tensions possibly escalate, with Israel bracing for potential retaliation from Iran. US intelligence indicates the response could come late Thursday or Friday.
Market attention is also directed towards the upcoming Initial Jobless Claims data, due on Thursday, which investors hope will provide further information about the labor market.
Perhaps in an attempt to calm the volatility seen at the beginning of the week, San Francisco Fed President Mary Daly said Tuesday that “none of the labor market indicators she looks at are flashing red at present ...”.
Perhaps adding to the downward pressure on gold, major Asian central banks appear to have paused their physical gold buying sprees. Reports from the World Gold Council indicate that China has abstained from buying the precious metal for the third consecutive month.
Technically, if the XAU/USD continues its downward trajectory, the next support level could lay at the 50-day and 100-day Simple Moving Average. Further declines could test the May 3 low of $2,277.
Potential bullish bounce?XAU/USD is falling towards the support level which is a pullback support and could reverse from this level to our take profit.
Entry: 2,355.76
Why we like it:
There is a pullback support level.
Stop loss: 2,321.23
Why we like it:
There is a pullback support level which lines up with the 127.2% Fibonacci extension.
Take profit: 2,393.02
Why we like it:
There is an overlap resistance level which lines up with the 23.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Gold will continue to move up to resistance levelHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to downward channel, where it at once fell to the resistance level, which coincided with the seller zone and broke it. Then XAU continued to decline and fell to the 2385 support level, which coincided with the buyer zone, but at once rebounded and rose to the resistance line of the channel. After this movement, the price turned around and dropped lower than the 2385 level, breaking it, after which it made impulse up and broke the 2385 level one more time. Also, the price exited from the downward channel and later started to grow inside the upward channel, where it soon reached the resistance line. Later, Gold reached the 2460 level, broke it, and even rose a little higher than the seller zone, but after which the price dropped until to buyer zone, thereby breaking the 2460 level one more time and exiting from the upward channel also. Then price made a fake breakout of the support level and now it rising. So, in my mind, Gold can make little correction and then continue to move up to the 2460 resistance level. For this case, the 2460 resistance level is my TP. Please share this idea with your friends and click Boost 🚀
Could the price reverse from here?The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which has been identified as a pullback support.
Pivot: 2,421.62
1st Support: 2,375.32
1st Resistance: 2,455.69
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Sell Gold (Xau/Usd) BreakoutThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2430, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2385.50
2nd Support – 2358
Stop-Loss: To manage risk, place a stop-loss order above 2480. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD 4/8/24This week in gold, we have the potential for another sell-off through trendline liquidity, as we’ve seen before. However, all price action is trending upwards, making this our main scenario. As shown on our chart, we have a liquid high that is close to the current price, with liquidity built up below the lows.
We know that on a high timeframe, we are strongly bullish. The price tested last week’s high and then fell significantly, indicating a potential pullback before the high is taken. Key points to note include the heavy sell-off from the supply area, leaving an untapped supply zone, and creating the first sell-side imbalance during the upward trend. This suggests a chance for price to hold and potentially drop below the trendline mark. If this occurs, we will look towards the demand area shown on the chart in red. We will monitor this area to see if it pushes the price back into the higher timeframe trade alignment or fails, leading to a sell-off and a change in our bias on the given timeframe.
If the bullish trend continues, we will monitor the supply area above the current price, expecting it to fail. If it does, we may see a new all-time high for gold. Overall, the price is bullish, so a fallback would be preferable if we aim to take buys from this price section.
Watch the trendline liquidity being created below the untapped supply area and the liquid high just above it. Also, if the trendline breaks, watch the demand area to see if it goes higher within our range.
Trade safely, stick to your risk management, and follow your plan.
Could Gold reverse from here?The price is reacting off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci retracement and could drop to our take profit.
Entry: 2,452.60
Why we like it:
There is a pullback resistance level which aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci retracement.
Stop loss: 2,483.10
Why we like it:
There is a pullback resistance level.
Take profit: 2,422.48
Why we like it:
There is a pullback support level which lines up with the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.