XAUUSD At ResistamceOn 04 hours timeframe......we see a good bounce from 200Ema on daily time frame nd now gold trade near resistance 1940$..
Hear is a short opportunity for 1915, 1900 & for 1870$ level.....
with sl of 1953$......
Xausudanalysis
XAUUSD 1H 24/04/2023On the 1-hour timeframe, we can see that we are in a bearish range that is delimited between 2011.890 and 1969.305, with the latter being the liquidity point of the range. Thus, we could look for a short operation in the gray delimited zones, with the first one being between 1998 and 1989, and the second one being the zone between 2008 and 2005. Alternatively, we can search for new ranges on a lower timeframe.
XAUUSD Short/Long Set upSo atm the only position that i have open is a sell order at 1771 sl is at break even
(For the new traders out there please make sure you just dont jump into random trades because you are following someones analysis make sure you just use it as a double confirmation if you are not sure because when i first started a couple years ago i would do the same and would lose a lot of money)
Im not sure what its going to but this is what im thinking
If Gold opens up and starts dropping then I will be watching to catch a reversal to the upside at 1766.119 but if it does drop even more it'll go to 1761.623
Bullish Entry
- 1761.623 entry would be a pretty aggressive entry but if it does drop that low and the hourly candle can close above it I'll be going in small and will go heavy when it closes back above 1761.623 but I will also be keep my eyes on 1776.394 - 1777.709 as a pretty hard resistance but it should break because it'll be above the emas
Short Entry
- If gold does open up and runs I will be looking to add some more sell orders in around 1776 and my sl will be 1778 but will also be watching the bounce zones of the 10% which are 1766.119 and 1761.623 but a safer short entry would be either 1776 or 1761.623
If it gets rejected at 1776 we can be forming a head and shoulders but also this could be counted as a double bottom on the 30 min
That is all i have for now will keep you guys updated I'm still more bearish then bullish atm unless it gets above 1772
There is also a 2 day bearish engulfing candle
im using the hourly close as my confirmation has to sit above or below the price target that im getting into
Feel free to ask me any questions and i am curious are you more bullish or bearish atm
GOLD SHORT TERM BULLISH IDEA
XAUUSD is expected to make a rise of around 2.25% as we have seen in its previous cyclic behavior.
3 out of 4 times price has retraced from fib 0.5 level which is also expected in the next move
XAUUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD ( HIGH PROBABILITY SELL SETUP SOON)Gold was up $6 to $1771.9, the precious metal was above 20D MA (@ $1731) & below it 50D MA (@ $1796),
Here we can see clearly the next move for Gold, while we can see clearly its trading within a Bearish Ascending Wedge, This is a bearish reversal signal & the lack of progress higher has confirmed a sentiment shift, A break of support @1772.00 should lead to a more aggressive move lower towards 1740.00,
Although the anticipated move lower is corrective, it does offer ample risk/reward today, while the RSI Indicator its showing us the opposite of the actual price action on the charts, We look to SELL a break of $1771.66
And if we can see clearly the Divergence on the RSI Indicator, its a more of a confirmation of our analysis.
Keep a close eye on Gold, world number 1 precious yellow metal,
Happy PIP hunting traders.
Gold ProjectionsG'day, Guys. It's Monday and another wonderful week to trade.
Today we going to analyse GOLD (XAUUSD).
Based on recent movements, gold has spiked to the 1800 price level before returning back to the 1771.30 price tag. Personal experience on gold, it's acting like this due to fundamental & sentiment taking place to stabilize the market price, remember Supply & Demand movement gonna help you a lot on trading.
Currently, the price at the swap zone which is a high probability price continues to move upside targeting the 1895.90 first stage and next to the 1832.83 price tag. On the other hand, in case the current price solid break at the 1760 price level. We expecting the price to head to 1722.29 to retest previous support.
Generally, from a weekly perspective, this price is still in a downtrend structure. I personally believe this gonna be a deep correction before gold continues to fall. Dance with the market guys.
Let's see what gonna happen next... Cheers
XAUUSD AnalysisG'day Trader.
Today we going to analyse GOLD (XAUUSD)
This analysis is based on current market conditions which are derived from the previous analysis. Current market conditions are sideways in a 4 Hour Time Frame, we expecting a huge break out happening as the market currently accumulating trading volume before making any movement.
There possibility current market condition due to FOMC next meeting release, as everyone knows GOLD movement is mostly affected by the US interest rate. You may read about it how Interest rate related with GOLD. Technically, we are waiting for the next movement which is an unclear pathway build up on Gold. Personally, I prefered natural on this pair as I am not a scalper trader. I prefer on Intraday and swing trading approach to adopt the risk-based on my own risk tolerance.
Let's see what happens next. "Dance with the Market" Cheers
