XAUUSD going for new ATH!⭐After a beautifull double top pattern & a good correction GOLD seems to be ready for a new ATH this year!
📈XAUUSD is in a medium uptrend with obvious correction and momentum movements forming new LH(Lower High) & HH(Higher Highs) which further strengthens the upward trend! 📊After the FIB Retracement applied behind the representation, gold does not seem to change its trend anytime soon, but although it is close to a pullback in the 38.20 area, it does not represent such a strong upward trend that it does not try to go down at least in the GOLDEN ZONE (50%-61,80%)
📍US PPI and CPI data due later in the week
📍Dollar at its highest level in over two years
📍Market sees 25 bps reduction in rate cuts this year
💥Position Recommendations💥
Entry: 2650
Stop Loss: 2630
Take Profit 1: 2680
Take Profit 2: 2700
Take Profit 3: 2750 (I do not recommend only with subsequent confirmations)
Xausud
XAUUSD ANALYSIS IS READY TO DROP DOWN MUST READ THE CAPTION This chart depicts the price action of Gold (XAU/USD) on the 1-hour timeframe using Heikin Ashi candles. Below is the description:
1. Key Levels:
Stop Loss (Red Line): Positioned at 2671.01, this represents the level to exit the trade if the market moves against the position.
Break Level (Gray Zone): Around 2660.28, this acts as a potential confirmation area for a trend change or continuation.
Target (Blue Line): Set at 2630.71, indicating the take-profit level.
2. Trend Analysis:
The price has been fluctuating within an upward green channel before breaking downward.
The yellow highlighted zone shows consolidation or a potential pullback area before the expected move.
3. Prediction:
Blue arrows suggest an anticipated bearish movement.
The price is expected to retest the break level (2660.28) before dropping toward the target of 2630.71.
4. Trading Plan:
Short position from the break level with a target at 2630.71.
Risk management with a stop loss at 2671.01.
This chart appears to focus on a bearish setup, with the assumption that the price will follow the outlined downward movement after retesting resistance.
XAUUSD SELLING ?? FIB REJECTION=PRICE DELFLECTIONIt seems that gold is struggling to break key Fibonacci levels. I think this is partly due to the volatility in the cryptocurrency market. In my opinion, there is a distinct correlation between Bitcoin rising and gold falling. While I don’t believe this trend will be permanent, in an uncertain financial climate, I think investors are still determining their "best bet." My bias is that gold will reject the 0.23 Fibonacci level and end up retesting support. This play could take a few days to set up.
ENTRY: 2685
TP1: 2653
TP2: 2618
TP3: 2584
TP4: 2561
SL: 2708
Signature Analysis and Trade Plan for XAU/USD (Gold)
This analysis incorporates the GOLDontheNILE strategy, using Ichimoku Kinko Hyo, Chikou Span, Fibonacci levels, Bollinger Bands, Stochastic RSI, and volume dynamics to provide a comprehensive outlook across multiple time frames. It integrates higher time frame trends with actionable intraday setups.
Daily Chart (1D) Analysis
Outlook: Bearish Consolidation with Key Resistance
- Trend: Downtrend intact with price hovering below key Fibonacci 61.8% resistance at 2,610.00.
- Indicators:
- ADX: Strong trend with value at 83.48, favoring bearish continuation.
- RSI: Neutral at 35.33, approaching oversold but without divergence signals.
- Ichimoku: Chikou Span remains below the cloud, confirming bearish dominance.
- Volume: Elevated bearish volume supports potential downside acceleration.
- Key Levels:
- Resistance: 2,610.00 (Fibonacci 61.8%) and 2,630.00 (upper resistance).
- Support: 2,578.00 (pivot support) and 2,554.00 (Fibonacci 50%).
Daily Scenario:
1. Bearish Continuation:
- Sell Entry: Below 2,578.00.
- Stop Loss: 2,585.00.
- Take Profit 1: 2,554.00.
- Take Profit 2: 2,547.00 (critical low).
2. Bullish Reversal (Low Probability):
- Buy Entry: Above 2,610.00.
- Stop Loss: 2,600.00.
- Take Profit 1: 2,630.00.
4-Hour Chart (4H) Analysis
Outlook: Bearish with Temporary Retracement
- Trend: Price remains in a bearish structure, with minor retracement stalling near 2,596.00 (Ichimoku resistance and Fibonacci 23.6%).
- Indicators:
- ADX: Declining trend strength at 31.78 indicates short-term consolidation.
- RSI: Overbought at 67.19, signaling a potential retracement.
- Volume: Bullish volume unable to break key resistance, hinting at bearish dominance.
- Key Levels:
- Resistance: 2,596.00 (Ichimoku & EMA).
- Support: 2,578.00 and 2,560.00.
4H Scenario:
1. Bearish Continuation:
- Sell Entry: Below 2,578.00.
- Stop Loss: 2,585.00.
- Take Profit 1: 2,570.00.
- Take Profit 2: 2,560.00.
2. Bullish Retracement:
- Buy Entry: Above 2,596.00.
- Stop Loss: 2,590.00.
- Take Profit 1: 2,610.00.
1-Hour Chart (1H) Analysis
Outlook: Short-Term Consolidation Below Resistance
- Trend: Consolidation with price struggling near 2,593.00–2,596.00 resistance cluster.
- Indicators:
- RSI: Overbought with Stochastic RSI showing a downward cross, signaling pullback potential.
- Ichimoku: Price remains below the cloud, maintaining bearish bias.
- Volume: Sideways, indicating indecision but favoring downside on rejection.
- Key Levels:
- Resistance: 2,593.00–2,596.00.
- Support: 2,587.00 and 2,582.00.
1H Scenario:
1. Bearish Scalping:
- Sell Entry: 2,595.00.
- Stop Loss: 2,600.00.
- Take Profit 1: 2,588.00.
- Take Profit 2: 2,582.00.
2. Bullish Scalping:
- Buy Entry: 2,588.00.
- Stop Loss: 2,582.00.
- Take Profit 1: 2,593.00.
15-Minute Chart (15M) Analysis
Outlook: Intraday Volatility with Bearish Bias
- Trend: Sideways with Bollinger Band compression signaling upcoming volatility.
- Indicators:
- RSI: Overbought, warning of potential pullback.
- Bollinger Bands: Compression suggests breakout, likely to the downside.
- Key Levels:
- Resistance: 2,594.50–2,596.00.
- Support: 2,590.00 and 2,587.00.
15M Scenario:
1. Sell Scalping:
- Sell Entry: 2,594.50.
- Stop Loss: 2,597.00.
- Take Profit 1: 2,590.00.
- Take Profit 2: 2,587.00.
2. Buy Scalping:
- Buy Entry: 2,588.00.
- Stop Loss: 2,585.00.
- Take Profit 1: 2,592.00.
Confidence Assessment
1. Bearish Continuation:
- Daily Confidence: 85% (multi-timeframe alignment with Ichimoku, ADX, and bearish volume).
- Intraday Confidence: 70% (temporary retracement but overall trend intact).
2. Bullish Reversal:
- Daily Confidence: 40% (only valid above 2,610.00).
- Intraday Confidence: 50% (short-term scalping opportunities exist).
Justification for Analysis
- Ichimoku Alignment: Bearish across all timeframes, with Chikou Span and price below the cloud.
- Fibonacci & Resistance Levels: Strong confluence at 2,610.00 and 2,596.00.
- Volume Profile: Bearish dominance with weak retracement attempts.
- Multi-Timeframe Consistency: Daily, 4H, and lower timeframes all align toward bearish continuation with intraday pullback opportunities.
XAUUSD: From $2720 To $2500 A Move of 2200+ Pips ! Comment DownOANDA:XAUUSD
Price dropped after creating a record high at 2790$, price dropped as mainly due to US Elections and aftermath of the election. We can see price to drop further after filling up the fair value gap within the market. Please do your own research before taking any decision. Good Luck.
XAUUSD: Ready for a Correction After NFP?Analyzing XAU/USD's movement, the price recently hit a fresh all-time high around $2,790 but then experienced a slight pullback to $2,780. Despite this minor drop, the underlying trend remains strongly bullish, driven by the weakness of the US dollar due to mixed macroeconomic data limiting its demand. From a technical perspective, the daily chart shows a clear bullish setup, suggesting the potential for further highs until a significant correction occurs. After a brief corrective dip, technical indicators have resumed their ascent into overbought territory, signaling that buyers are ready to capitalize on minor price dips. The price could break the psychological threshold of $2,800 before the US presidential elections, with the potential to discover new highs beyond the recent record of $2,789.72.
In October, the private sector added 233K new jobs, surpassing expectations and temporarily strengthening the dollar. However, Q3 GDP growth at 2.8% fell short of forecasts, adding downward pressure on the dollar. The quarterly Core PCE Price Index was 2.2%, down from the previous quarter’s 2.8% but above the 2.1% expectation. Despite this decline, inflation remains within the Fed’s tolerance range, reducing the likelihood of an impact on the central bank’s policy decisions.
Gold Price Correction Incoming?⚡ Gold Price Correction Incoming? 📉
🟡 Gold Spot (XAU/USD) is showing signs of a potential retracement from $2,730 levels! With resistance holding firm at $2,738, we could be looking at a dip toward key support levels at $2,670 or even down to $2,603.
🔎 Watch the market closely as momentum shifts bearish. Will Gold find support or break lower? ⚖️
XAU USD - 25-SEP - TRADE PLANBIAS - BUY
An Impulsive move with new ATH
AREAS TO LOOK FOR BUY:
2648-2645 (DCA)
TARGET
TP1 - 2663 (40%)
TP2 - 2671 (30%)
TP3 - 2683 (30%)
AREAS TO LOOK FOR MANAGING TRADE:
Possible Rejection and LTF Trend Reversal and an area to Hedge and Short
2660 - 2663
Reasons for Bias to be BUY
1. Impulsive move up - HTF is Bullish
2. H1-unmitigated FVG
3. M15 OB
4. H1 OB
Minimum Pips 120
CADPY H4 Analysis Pair Name = CADJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Strategy = EMA Crossover & Supply Demand
Target Level = 105.900 to 106.600
Details :-
CADJPY is ready for small retesting. In this Small Bullish Wave Price level 105.900 to 106.600 could target. Already EMA 5 crossed that indicated a short term bullish Move. FIB retracement Level 0.5 to 0.6 is key level that can Push Market to downside.
XAUUSD ShortConsidering that this commodity has a strong resistance zone (2400 - 2420) and it has failed to break it, it means that the bears are dominant.
I am anticipating that the price will continue to form the falling flag pattern so that the bulls may finally gain momentum and break the resistance.
Target Profit - 2280, Stop Loss - 2390, Trade Entry - 2375
Risk-Reward Ratio - 1 : 6
Its Clearly Over For Bulls XAUUSD Sell Short!Price has gone dramatically up for 10 days straight.
Lots of FVGs Below and Price must Refill this Because we are talking GOLD (Xauusd) not some Low Caps Crypto so Price Must go Down to Fill Orders and take Liquidity.
We have CPI coming today March 12 (Tuesday)
Feds aren't going to Cut Down Rates Immediately and we see a Big Gold Retracement.
Worst thing that can happen is we can see a double sided move, like first Touching 2202 and then Going Down to 2150 and then further to 2080 and so on...
XAUSD Fall is about to begin Yesterday I took nice trade which worked out great.
My bias is Very bearish unless I see BOS on the Daily chart,
Will we see 2016 or even 2006 this week ?
I will allow my trades to have a lot of room for breathing and will observe any potential reversals to get out before TP which currently are set at 2025, 2016 and 2006.
Both 2016 and 2006 will be observed for potential quick buy's.
XAUUSD: The upward momentum has not stoppedOn H1, the EMA technical indicator clearly indicates an upward trend. By using Fibonacci, I anticipate that gold will soon reach the 1.618 level, which is $2053, thanks to the strong support from EMA and the previous market breakout above $2030. As long as gold maintains this level, it would not be surprising to see this scenario unfold in the short term.
All attention will be focused on the upcoming release of the latest US consumer inflation data next week.
XAUUSD: opens a new wave of price increasesHello dear friends!
Currently, in today's trading session, the price has completely escaped from the previous parallel downtrend channel. At the time of writing, precious metals are still below the supply zone of $2,038-2,042 and are trading within the familiar range, with the last support level at $2,015 that needs to be protected by the price increase.
In the short term, increased geopolitical tensions in the Middle East also benefit the price of Gold in the context of global safe haven shift.
Now, attention is shifting to the US Job Openings and Labor Turnover Survey (JOLTS) data to get new insights into labor market conditions ahead of the Fed's policy announcement on Wednesday and the release of Non-Farm Payrolls data on Friday.
With the current picture, we are expecting a short-term price surge with an expected increase to $2,060, while breaking above this resistance level will open up new opportunities for this precious metal as mentioned on the 12-hour chart.
GOLD - Short term SELL ?As you may know, DXY movement will have a strong impact to GOLD, xxxUSD pair.
From H4 timeframe, we can see that DXY got breakout from strong resistance to upside. Meaning there will be a SELL pressure to GOLD, xxxUSD pair.
For GOLD, price got rejected as resistance + double top pattern got breakout.
We should consider to look for SELL entry in smaller time frame:
OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD
Gold Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
❔❔GOLD lost clarity, so just walk away. It's that easyPlease check the linked ideas for more context.
Gold has shown good bullish impulses during the previous two weeks or so. However now it's kind of stuck in this messy range. And though it's saving its bullish potential, I would wait for more confirmation and actual bullish price development.
I want to show this market to remind myself what's unclear for me, and maybe you'll also add something to your plan, like what is clear and unclear in the markets.
Institutional sentiment is 50\50. Multitimeframe analysis has shown basically the same rangy wicky structure recently, so this is one of the markets that are not worth trading at this specific moment.
One more interesting thing is that this week follows a very intense week before, filled with news and strong movements. This week, on the contrary, has less news and probably will have less volatility.
XAUUSD BUY AND SHORT POSSIBILITIESHi guys, I'm back with this week first analysis. As always I'm gonna keep things simple.
So price did react to my sell zone on last Friday and started selling off, currently price is reacting to the broken resistance(1992) which has turned into support level. I have multiple demand levels, the immediate one is around 1982-1980 which I wait for price to reach there.
After that I would wait for a confirmation in lower time frame to take a long trade.