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Xauusd1h

XAUUSD Setups and Analysis Just sharing some of my setups. The main one is the one with all the confirmations. The other setups didn't need as much analysis because the trend was very bullish. The first setup needed a ton of confirmation because of how powerful the sellers were previously, had to make sure it wasn't a fake-out or was going to continue on downwards after a short retest upwards. I've started using some bits and pieces of other strategies I've seen people use and it seems to work extremely well.
OANDA:XAUUSDLong
by FX_Road_To_100k
XAU/USD tries to bypass 1,323.00 againXAU/USD tries to bypass 1,323.00 again Contrary to expectations, the exchange rate failed to sneak below the combined support formed by the lower trend-line of a junior ascending channel and the 200-hour SMA. In other words, bulls made one more, though unsuccessful, attempt to push the bullion through the upper boundary of a four-month long dominant descending channel. In larger perspective, the pair is still expected to make a fully-fledged rebound from this boundary even though the current horizontal movement might last for another two weeks because of support provided by the 61.8% Fibonacci retracement level at 1,311.48. On hourly chart a combination of the weekly PP, the 55- and 100-hour SMAs most probably will prevent the pair from falling below the 1,316.00 mark during this trading session. However, this scenario might be altered due to fundamentals, such as the US PPI data release.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD fails to break below 55-hour SMA XAU/USD fails to break below 55-hour SMA In result of the previous trading session the exchange rate slipped to the lower trend-line of a junior ascending channel, as expected. Although the pattern has been broken, the further plunge still seems unlikely, as the southern side is reliably covered by a combination of the updated weekly PP at 1,316.13 and the 55- and 100-hour SMAs. For this reason, the pair is likely to make one more attempt to reach the upper boundary of a dominant five-month long descending channel. Due to absence of any significant data releases the rate might spend most of this week fluctuating between the above trend-line from the north and technical indicators from the south. In larger perspective, bears are projected to take the lead for notable amount of time.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD tests dominant channel downXAU/USD tests dominant channel down In result of the surge that was triggered by two disappointing macroeconomic data releases as well as the rising 55- and 100-hour SMAs the price of yellow metal ended up at the 1,273.00 mark. The further advance seems unlikely, as the exchange rate faces resistance formed by the monthly PP and the upper trend-line of a four-month long dominant descending channel that supposedly started to transform into rising wedge formation. However, the overall market sentiment as well as allocation of pending orders suggest that rise of the bullion might continue. In case the pair crosses the above barriers, it will be free to climb up to the 1,287.15 level, which represents location of the 100-day SMA.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD heads towards weekly R1XAU/USD heads towards weekly R1 In result of the previous trading session, the pair made a breakout from rising wedge pattern that formed at the intersection of two junior ascending channels. Surprisingly, but traders did not show much interest to release of the American housing data or successful vote in the House. Accordingly, the exchange rate continues to slowly climb towards the weekly R1 located at the 1,266.05 level. A major recovery of the buck even in case of adoption of tax bill by the Senate looks doubtful, as the southern side is reliably covered by the monthly S1, the 55- and 100-hour SMAs plus the lower boundary of one of the above channels. On the other hand, a serious appreciation of the bullion is also uncertain due to resistance posed the 38.2% Fibonacci retracement level at 1,268.00.
FX_IDC:XAUUSD
by UnknownUnicorn890690
1
XAU/USD tests upper boundary of senior channelXAU/USD tests upper boundary of senior channel During the last trading session the exchange rate expectedly tried to break through the upper boundary of a senior descending channel. In the middle of the day it even managed to reach the alleged resistance zone near 1,259.00 but then was forced to retreat. Today these attempts are expected to resume due to continuous pressure exercised by the 55 SMA. However, the growing optimist related to adoption of tax bill by the Congress is likely to result in ultimate appreciation of the buck. On the other hand, an effect from this fundamental event might not be especially sharp due to existence of a strong support zone located around the 1,254.00 mark that is backed up by the 200-hour SMA.
FX_IDC:XAUUSD
by UnknownUnicorn890690
XAU/USD soars to 1,259.00XAU/USD soars to 1,259.00 After forming an inverse head and shoulders pattern and bouncing off from the weekly S2 at 1,235.93 the yellow metal managed to advance by 1.23% against the buck. In daily perspective the surge the is expected to last until the rate makes a new rebound either from the 1,263.63 resistance level or from a combination of the 200-day SMA and the 38.2% Fibonacci retracement level at 1,268.00. However, through the day the soar is likely to be stopped by release of information on the American Core Retail Sales. In this sense, there is a need to take into account the resistance zone formed between the 1,259.00 and 1,259.32 marks and support zone located between the 1,254.00 and 1,253.62 levels, which are likely to squeeze the pair for some time.
FX_IDC:XAUUSD
by UnknownUnicorn890690