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Xausud

XAUUSD IdeaThis is an accumulated base on the H4 timeframe. The price has finished testing the AR in the Wyckoff scheme and made a bullish CHOCH and the price will retrace to test the validity of the secondary test at the beginning of the base. If the price does not break through the ST, the price will get sufficient liquidity so that an LPS is created which will push the price to create a sign of strength in the form of a Sign of Strength (SOS) at the 1720 area level. If all goes well then in the next few days we will see the price leaving the 1720-1730 area and rallying towards a new base in the 1800-1900 area.
OANDA:XAUUSD
by hendro0045
Trader thoughts - No, Mr Bond, I expect you to die After much anticipation, Liz Truss leaves Downing Street after 44 days in the job and the process of finding a new PM kicks in – 100 Tory MP nominations are needed (out of a possible 357) , and that means we should see 2 or 3 candidate in the running early next week – Rishi Sunak is the clear front-runner but Boris Johnson is making a play and the flow of betting capital follows Boris – We should learn more of the riders by early next week, for the announcement to be made on Friday – GBPUSD has had somewhat of a whippy ride, with buyers into 1.1336 before US Treasuries started finding sellers and yields marched higher, resulting in the USD reversing hard. GBP volatility should be contained given the budget is still to be released on 31 October. That said, the counter argument to that is we see volatility arise from the uncertainty stemming from the BoE meeting on 3 Nov – 91bp of hikes are priced by the market and while the consensus has been for a 100bp hike, there is a growing belief that it could be 75bp – one to consider next week. EURGBP is good to put on the radar as a cleaner expression of the GBP (it obviously removes USD risk) and a tactical view of next week’s ECB meeting – the set-up needs work with 2 clear days of indecision in the price action– as a momentum trade the daily needs a push through 0.8733 and we could be looking at 0.8900 - traders tend to shy away from this cross as price action is more of a grind than the big intraday ranges you get in the USD pairs. It really is the US bond show that drives broad markets and while liquidity is an issue, talk is there are just no buyers – We also see ‘terminal’ rate pricing for the fed funds rate is now above 5%, and US 5-year Treasuries (now 4.45%) are eyeing a move into 4.5%. US real rates creep higher, which is worryingly for risk, and we see 5yr real rates at 1.91% and the top of the range of 2% - as mentioned before, terminal fed funds pricing and US real rates are where the USD is most focused and if that moves higher then so does the buck and that weighs on risky assets like equity. We see USDJPY now holding ¥150 and up for an incredible 12 straight days, and again this is probably one of the cleaner plays on the US rates markets – USDCHF sits above parity and into supply seen since May – one for those who like potential breakouts or trading around big levels. I would rather wait for the break and see if the USD bulls could keep the pace going and join as a momentum/trend trade than act now – as we know failed breaks at major levels like this can be incredibly powerful reversal signals. Equity markets have been heavy (the US500 -0.8%, NAS100 -0.5%), as you’d expect when rates are selling off and the USD has turned higher – Positioning wise clients are concentrating their trading in NAS100, with a small skew to be long but the flow is nuanced. Volumes through the underlying have been ok, with S&P500 cash volumes 9% above the 30-day average and 2.1m futures contracts traded. Intra-day price action has been whippy, but we find ourselves near the lows of the day at 3663 with most of the volume traded at 3697 (VWAP is 3702) – again this is the influence the bond market has made. For now, we hold 3600 – the bottom of the 3-week trading range – the question being, does it hold? My base case is we trade a 3600-3800 range for the next few weeks, but naturally, a break of 3600 needs to be respected and opens us up for a move to 3300. With 47% of the S&P500 market cap reporting next week earnings will get a greater say but still compete full force with the macro. Oil is on the radar as it breaks the flag pattern - the buyers have no conviction here, and it’s a brave call (so keep positioning to a minimum) but I like it short here and would place a tight stop above 88.30. In a rising rates world the natural default position is to short the JPY – but while hedge funds get paid to do so (from the carry), its gold that attracts our client flow – the skew, as we push into the Sept swing lows of 1620, is now long (61% of open positions are held long) – presumably many will be scalping off the level. A break of 1620 marries with a further rise in bond yields and USD strength and potentially sets us up for a move to channel lows of $1540.
PEPPERSTONE:XAUUSDShort
by Pepperstone
Gold break up eying 1672 and 1682Gold brooke up the triangle and than push through MO and R1 and now is looking at 1672 as the first resistance and neckline of containing box and than 1682 or R2 in extension, technically Gold may easily move at least to 1672 as there are no resistance until than , after that probably a pullback is due ; RSI is overbought on 15M, 30M and 1H and going to overbought on 4H so a pullback is due soon probably at 1672; i am in neutral position at the moment I TRADE HIGH LEVERAGE 5 TO 50 X NOT 1 : 1 // POSITION 25%-100% // MULTIPLE IN AND OUT IF I OPEN THE TRADE I WILL ADD A COMMENT TO THE IDEA REAL TIME // DAY AND INTRADAY TRADING ONLY 93% TRADE WIN IN OCTOBER 27 WIN , 2 LOST 86% TRADE WIN IN SEPTEMBER 37 WIN, 3 BE, 3 LOST CHECK ON MY TRADINGVIEW ACCOUNT
OANDA:XAUUSD
by giorgiovie
GOLD Aug W.4: Long-term trend alert!Hi friends, I hope y'all had a fantastic weekend, and are ready to tackle this week strong ;) Today, we're looking at a possible long-term drop on this baby. These trades are derived from both the weekly and monthly. Starting with the monthly, the price is in the huge double tops 2nd leg formation that is bouncing off the bullish crossed short-term moving averages with a bearish shooting start candle pattern, triggering what I call a "Double Top A-E.1 signal". The weekly, on the other hand, is currently bearish running in the double tops L2 and below the 50 moving average and bearish crossed short-term moving averages (8 and 21), triggering what I call a "Double Top A-E.1 signal", but it hasn't fully confirmed. Let us take a look at how this signal and its trades will trigger, and how it won't fully confirm our bias. Bulls: -If the price bullish rallies to break and retest the 2nd Weekly Key Lvl and 8 m.a, that will dis-confirm both the weekly and monthly signals, and the price would be in prep to form a bullish reversal pattern that will be followed by a bullish trend. Bears: -If the price bullish spikes or retests the Weekly Neckline 3 or 2nd Weekly Key Lvl and 8 m.a with a bearish candle pattern or reversal candle pattern formation/close (1st trade signal) that leads the price to bearish break and retest the Mini Daily Half a Bat Neckline (2nd trade signal), that will confirm our bias and the price will drop for this timeframes double top L3 and the monthly's double top accumulation phase. That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section, I'd love to know you thoughts! Stay Blessed.
FOREXCOM:XAUUSDShort
by Doji-2k1
GOLD July W.4: Short-term trend alertHi friends, I hope y'all had a fantastic weekend ;) Today, we're looking a beautiful short-term trend signal on this baby. This trend is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the double tops 2nd level. Usually when the price closed in that manner, a counter-trend occurs that will retest previous broken and not retested key levels before trend continuation. In this situation, the price seem to want to do that, however, there is a probability for the counter-trend to not play out because as you know there's no certainty in the markets. With that said, let us discuss how these trades will be triggered and entirely dis-confirmed. Bulls: -The price bearish bounced off the Mini Daily Half a Bat Neckline, 50 and bullish crossed short-term m.a's with a bullish reversal candle close that is followed by a bullish candle (1st trade); if that trade signal leads the price to rally to break and retest the 2nd 4H Key Lvl (2nd trade), that will fully confirm our bias. I call these trades a "Half a Bat B-E.1 & E.2 signal". Bears: -If the price bearish breaks and retests the 1st 4H Key Lvl together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our bias. Thus we won't be taking any trade. This is not financial advice, but if you interested in taking these trades with me, these are their signals: BUY E.1@: 1728.48 Lot Size: 0.07 S.L @: 1720.28 (-0.43%) T.P 4@: 1787.49 (+3.14%) R/R/R: 1:4 BUY E.2@: 1741.00 Lot Size: 0.07 S.L @: 1732.37 (-0.46%) T.P 3@: 1787.49 (+2.47%) R/R/R: 1:3 To successfully manage the trades in cutting their loss short, follow this strategy: -If the price bearish breaks and closes below the Mini Daily Half a Bat Neckline, then you should close the trade...(E.1) -If the price bearish breaks and closes below the 2nd 4H Key Lvl, then you should close the trade...(E.2) To successfully manage the trades in letting the profits run, follow this strategy: -If the price triggers the 2nd trade signal, then you should move the stop loss to B.E...(E.1) -If the price triggers the Half a Bats C-E.1/E.2 signal, then you should move the stop loss to B.E...(E.2) That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts! Stay Blessed, Doji-2k1.
FOREXCOM:XAUUSDLong
by Doji-2k1
#GOLD ⭐️Let's see how GOLD is behaving. This is a 1D chart. (Mid Term) There is a solid resistance area on the way up, which requires massive buy volumes to reach and cross. There is only one support level on the way down, holding the value up. The price is at the local resistance zone, which might get rejected. If we pass this resistance level, after the confirmation, you can put the solid resistance level as your target. The marker is showing sell volumes for GOLD. The RSI shows that GOLD is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $1855.57 Let me know your ideas. Good luck.
FOREXCOM:XAUUSD
by ShawnMCR
2
TOMOCHAIN Daily TA : 04.29.22 : #TOMOIn this chart, we have examined the important and key levels of price supports and resistances , as well as the appealing levels for possible investment opportunity in this chart have been identified and you can keep an eye on it . Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.29.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
TLong
by ArmanShabanTrading
1
What is driving gold The yellow metal, after briefly touching the $2,000 level is back down to $1,900, support provided by its EMA so far. Gold's rally this year has been partly predicated on the view that the surge in commodity prices will make already hot inflation persistent. However, that might no longer be the case as future growth is becoming uncertain due to multiple factors, notably, China's zero Covid policy, the conflict in Ukraine, and Fed's attempt to cool down the economy.
OANDA:XAUUSD
by Atlas-Horizon