XAUUSD By HesamUNTHey traders
as i said before, we had a strong Supply Zone at 1805 and I was bearish on that Zone
after sell pressure, the Price come back and break up this Zone
it means bulls collect this sell pressure
also, I was bullish about that move and the target is 1900 $
u can check both of em
the bullish and bearish move
now I'm expecting some selling pressure in this Zone, which means we can go back to the lower zone at 1810, it will b the second target
we need 2 breaks 1810 for trend confirmation, after that, we can touch 1774 and confirm By Dynamic level
Yellow dynamic levels will b confirmation for short and mid-term oscillation, so after breaking down dynamic level, we can aim for the last target which is 1735 - 1730 and confirmed by Fib EXT and Demand Zone
so, that's my move
what u think ?
Share your chart and leave a comment
Xaushort
XAUUSD Short PlanContinue the Wyckoff methodology and Volume Profile series, today I will do the analysis of XAUUSD. We can assume/define the Buying climax starting from Dec 15, then the price moves down to up, while the volume is just down, which means this wave may not be good - even if the price is still sideways up (Phase A). After that, take a look carefully at Phase B of this channel, the price is continuously sideways but the structure of the volume is broken with a climatic volume at the middle of the range - It is a warning signal as it should not appear as a general rule in the accumulation schemes and therefore could be a footprint to add in favor of the downward control.
Focus in Phase C - UTAD, the price tries to leave the value area of the composite profile but is strongly rejected (bear engulfing candles - Dec 27 & 28). The market is not interested in trading at higher prices and that's a new signal is added in favor of sellers.
The last signal: Do you see the price's momentum is very weak when it reaches back the UTAD?
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Once again, this setup looks very basic, but it's really effective. Let's follow the plan and see what will happen.
$XAUUSD - CoT Suggests A Quick Short Before the Long Run *SMT*Inverse relationship with the dollar may also suggest a quick short as the dollar just dropped from the all time-high. The dollar may start to pull back down and if so we should see Gold rise. But not after it shorts from the next bearish order block to the nearest Bullish order block and by looking at the Commitment of Traders for Gold Futures, it appears that the longs outweigh the shorts over all. But short term there are mostly shorts. Here's the daily up close to see how the CoT Compares.
As we know bonds have not been great this year and currency chases the bond yield . If the yield is inverse the bond then It may suggest that all currency become weaker which would make gold more valuable. That's why I believe this may be the last short to capitalize on before it takes off.
I expect the short to happen during the London session just a little after midnight NY Time, I would expect the gold start creeping higher until it around 2-3 a.m. a rush up into that bearish order block and then a slow drop through the rest of the day until the end of the London session, that's when I would expect it hit the bullish order blck and turn around and start moving back up. We'll see what happens I guess.
Good luck and happy trading :)
OANDA:XAUUSD
COMEX:GC1!
GOLD DOWNTREND CONTINUESThe price of the precious metal continues to decline with the rise of the value of USD. Continuous hawkish talks are putting even greater pressure on the price of the GOLD.
The technical indicators are also placing the instrument into a bear market, with MACD histogram below 0 line and continuing to decrease and RSI well below 50 neutral line.
Bearish traders are looking at a target price of 1600 if the trend continues. If it reverses, though, it might test the previous resistance at 1680.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
GOLD: Bearish Multi-Bar Fakey SetupGOLD – SPOT: Selling On Retracement To Within The Range Of Bearish Multi-Bar Fakey Setup
Price Action: Price moved lower from the Bearish Multi-Bar Fakey Setup that had formed mid-last week (We suggested selling on a breakdown of this setup in the Sep 22nd, members' daily newsletter).
Price exploded lower from the prior Bearish Multi-Bar Fakey Setup that had triggered early last week (Price just tickled above this Setup, before collapsing back down), (We suggested selling on a breakdown of this setup in the Sep 12, weekly newsletter and hopefully, some traders got on board)
Potential Trade Idea: We are considering selling on retracement higher to within the range of the most recent Bearish Multi-Bar Fakey Setup that had triggered late last week.
XAUUSD BEARISH OUTLOOKThe expectations of another hawkish raise in interest rate after the Fed meeting today are keeping the gold in downturn, pulling investments away from it and directing them into the US dollar.
The daily graph is clearly showing a bearish trend for the instrument, the two indicators, MACD and RSI are giving sell signals as well. The MACD histogram is below 0 and the RSI indicator is below 50 neutral line.
If the downturn continues, the price might test its levels of 1600. If the opposite scenario plays out, the price might test its previous high at 1731.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
GOLD CHART AND MARKET ANALYSIS w/ ORDER FLOW and UPCOMING NEWSWelcome back to another video, today's video is about the analysis of GOLD using the monthly, weekly and daily timeframe to understand and see price movements for possible next direction (either downwards or upwards trend).
P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
Gold - Quiet before the storm?The price action of gold has been choppy for the past few weeks, and we are growing increasingly worried about its performance in the face of increasing interest rates later this month. Because of that, we remain bearish on XAUUSD in the short term. Further, we think if the stock market continues to manifest weakness, it will negatively affect gold. Indeed, we believe that market participants will sell their gold once again to cover losses elsewhere (just like on previous occasions). Due to that, we think gold might drift toward 1600 USD over time. Despite that, however, we are very bullish in the long term and believe that the selloff will present an excellent opportunity to add more gold to investors' portfolios.
Illustration 1.01
The daily chart of XAUUSD shows two moving averages: 20-day SMA and 50-day SMA. Two yellow arrows indicate bearish and bullish crossovers between these two SMAs. The third yellow arrow indicates the natural retracement of the price toward its SMAs. Therefore, we will pay close attention to the following price action; the breakout above SMAs will be bullish while the position below them is bearish.
Technical analysis - daily time frame
RSI and Stochastic are slightly bullish. MACD is relatively neutral; however, it will be bullish if it manages to break above 0 points. DM+ and DM- are bearish. Overall, the daily time frame is neutral.
Illustration 1.02
The weekly chart of XAUUSD shows two moving averages: 20-week SMA and 50-week SMA. They reflect the presence of the downtrend.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
GOLD – SPOT: Selling On RetracementGOLD – SPOT: Selling On Retracement Whilst Under $1787 - $1805 Resistance Area
Price Action: Price moved lower from the Bearish Pin Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it).
Price moved lower from within the range of the Bearish Pin Bar Signal that had formed on Wednesday, August 10th (We suggested trading this signal in the August 11th members' daily newsletter).
Potential Trade Idea: We are considering selling on a retracement higher whilst price remains under $1787 – $1805 short-term resistance area that coincides with the recent Bearish Pin Bar Signal that had formed on Wednesday, August 10th.
BEAR one last push?hi, I see sell opportunity at the top area of wave 4, which is 1817. |
profit target will be wave 5 area at 1637-62, and that price will provide great buy opportunity.
trade well,
Alex