GOLD Next Move (wait for the perfect entry)TVC:GOLD Now the price must settle above 2637 to reach our resistance area which is 2660 for an ideal entry and then it will drop to the next target which are 2611 and 2583.
Xautrading
XAU/USD 19 August 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias to remain the same as yesterday's analysis dated 18 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Bearish CHoCH positioning is denoted with a blue dotted line.
H4 demand zone is positioned the same as bearish CHoCH positioning.
Intraday expectation: On a candle-to-candle view since iBOS, price is printing higher highs, therefore, wait until price indicates pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
As mentioned in my analysis dated 16 August 2024, whereby internal structure was bearish. We needed to be mindful that H4 internal structure was bullish.
Price has printed a bullish BOS and iBOS.
Price has printed bearish CHoCH to indicate bearish pullback phase initiation.
Intraday expectation: Price to react at discount of 50% EQ, or M15 demand level to target weak internal high. Price may seek liquidity at M15 supply level to confirm bearish pullback phase initiation.
Alternative scenario: Price to target weak internal high.
M15 Chart:
GOLD SELL | Day Trading Analysis Hello Traders, here is the full analysis.
Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity NZDCAD
I still did my best and this is the most likely count for me at the moment.
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GOLD Will Bearish ContinuationLooking for the Monthly Chart, I believe GOLD will going down again to continue the bearish pattern with first target is 1590 then price will do the correction up after that will continue down until 1525 - 1530 as final target then that will be the lowest price of GOLD in 2022.
Gold: Intraday Technical AnalysisGold has been in a heavy correction lately after feds announcement.
Gold is expected to take support from this level. My idea for intraday is that the gold will take support between 1885-1880 and target the resistance of 1900.
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
XAU GBP bullish entry at 1350 For the bulls, this is a precious metal trading with GBP, We have an overview of gold now while we waiting for the Retail Price Index (RPI), Claimant Count Change news, Flash Services PMI.
I expect to see positive change on the RPI for the upcoming news. also, we are about 8 days to hear GDP 4th Q 2021 results,
553,412 M £ as 3Q 2021
546,556 M £ as 2Q 2021
517,998 M £ as 1Q 2021
for the technical view ...
Bullish Head and shoulders pattern had detected on the 3H chart
on the volume indicator, I see some buying volume entring the Gold CFDs
The price has started moving from 1342-1346 accumulation area for the up
Long position:
Buy order on 1350-1355 area
Targeting 1385-1390 area
Buy limit at 1337-1332 area just to protect our position in case the price make amove against us
The numbers from ons.gov.uk
Gold: Measuring 1676-1916 Motive As BullHello Traders, if we'll measure 1676-1916 ample as 1st Ample after (C) correction, then what could we expect for optimal (1,*3*,5) third wave. Here I've tried to illustrate it.
Gold Forecast (03/03/2021) - Prepare for the next movementBUY or SELL? Not clear, just act when the time comes. No need to rush. There will be a safe price for us to use our money. In this article, I will write 3 parts: (1) Summary of February (2) Prepare for long-term orders and (3) Short-term orders.
Summary of the gold trading orders in February
Order 1: Sell at 1845-1840, TP 177x.
Order 2: BUY from 176x, TP 181x. I didn’t enter this order.
Order 3: Sell from 182x or Sell immediately when the price collapses at 1760. For me this is not considered an order because it’s unexpected. But some of you already entered this one, so I count it as the third order.
Good price zones to watch for now
SELL: 176x.
BUY: from under 1700 to 167x.
Divide times to Buy. For example, when the price goes down to 1700, buy a little. When it falls down to 168x, buy again and finally buy at 1678. If the price bounces back, we hit the jackpot. If it collapse, we hit the SL – close the position.
It may take time for me and you to enter the positions above. But the money is made from the moment we start waiting until we enter the position. After that, wait for the answer from the market.
I can wait a month just to place one order. It’s OKAY! Safety is what matters the most. And once I’m in, the TP level must be large enough.
USDindex
If the Dollar goes straight to 92.00 as I predicted, it would be possible that the gold price will drop below 1700.
Day-trading positions
According to the request of some people who like to surf, I give you 2 positions. If it’s right, enter the trade. if not, then stop.
Order 1: BUY - under 1720 - 30% chance to win. Here there is a support zone. When the price fluctuatés, find a safe entry point to enter. TP depends on you – SL at 1705.
Order 2: SELL - over 176x - 70% chance to win. Downtrend + the resistance zone = SELL. SL is a little bit far (200 - 300 pips).
XAU/USD - Why I Suggest To Wait Until $1,850.Hi everyone, in this technical analysis I will go into depth on the current chart of gold. We have seen such fantastic volatility recently because of events like the US elections and the release of information on vaccines.
This creates great trading opportunities and for scalp traders this is a dream come true. When you are trading gold on the shorter timeframes like me, this chart might help you to prepare for the new week.
I highlighted the most important horizontal zones on the chart along with why I think they play an important role at the moment and how you can use them.
In short, overall I expect the price to continue along its bearish trend until it reaches the support zone. There, I expect it to pivot and start a new uptrend instead. I would suggest to wait until about $1,850 and enter your long position there for maximum risk reward.
All the information should be visible from the chart itself. If you do have any questions or comments, feel free to comment below or send me a direct message on Tradingview.
SHORT XAGUSD Testing Resistance, Prepare For ReversalXAGUSD is testing its resistance where we expect to see a reversal.
XAGUSD is testing its resistance 16.20 (horizontal swing high resistance, 61.8% Fibonacci retracement ,61.8% Fibonacci extension ) where a reversal to its support at 15.51 (61.8% Fibonacci retracement ,100% Fibonacci extension )
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
