Xauusd4h
XAUUSD (Gold - High Probability Sell Setup SOON).Here we can see clearly the next move for XAUUSD (Gold), we've got our EP (blue line) at 1659.97 & our TP (golden line) at 1615.22.
The medium term bias remains bearish.
Price action has continued to range within a triangle formation.
The bias is to break to the downside.
And with U.S. inflation figures out later on today are in the spotlight, with the data expected to reinforce bets that the Feds will continue to tighten policy aggressively, resulting in giving more strength to DXY to continue its Bullish moves to ATH of 114.
Keep a close eye on Gold, world number 1 precious yellow metal, happy pip hunting traders.
XAUUSD DROP - PRE NFP ANALYSISXAUUSD Technical Outlook & Fundamental Veiw
Gold struggles to gain any meaningful traction on Friday and seesaws between tepid gains/minor losses through the first half of the European session. The XAU/USD, however, manages to hold above the $1,700 mark as traders
ReasoN for GOLD XAUUSD fall
1. Holding @ strong Resistance and make correcction over the strong support of 1664
2. Candle Stick pattern conform the downward pressure and three crow Fall confirmation
3. Fundamentally DXY already Break out an dread for Take of to 22 year High again
Overall XAUUSD
FX SIGNAL
GOLD BUY 1712-1718.10
SL 1738.00
TP 1664.50
XAUUSD SHORTFundamentally;
Gold prices have been falling for two reasons the feds raising interest rates which attracts investor money and makes the US dollar even more stronger and as long as the feds keep raising the interest rates to protect the economy and stabilize inflation I see no hope for a bullish market for gold at this moment.
Technically;
The overall big trend on the monthly is bearish but the price is currently on a level of s/r while the price is also touching the 50ema so we may see a quick and huge reversal to the upside and a continuation with the bullish trend but for now and Based on what’s going on m only taking sells
On the weekly & daily timeframe, the price is making LL and LH currently it’s on a LL so there might be a pullback on the way OR not.
On the 4h price made a new higher high so, for now, m only short on gold, trading with the big trend, as the usual imma look for the price to break below a new structure with a heavy momentum candle and below the ema’s then ill look for my entry on the 1h.
XAUUSD Sell• Gold has been bearish for the past few weeks, so I am looking for sells based on the 4H structure.
• I always look for sell confirmations in my 786 zone and we’ve clearly just reached the zone with some bearish rejection.
• Price just posted a 4H bearish engulfing candle before market closed so I hope to see the bearish move I’ve anticipated.
XAUUSD SHORTMonthly/ weekly; price broke the deceleration zone and the bullish structure, now it’s trending bearish m expecting the price to reach 1200 looking at it from Elliot wave theory.
On the daily, we can see that the market is making new bearish swings with high bearish momentum.
On the 4h price is currently consolidating imma wait for it to break below with a momentum candle and the emas then imma go to the 1h for my entry
Sl; above the nearest swing
Tp; previous structure
XAUUSD Multi timeframe 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.
Press like button if you enjoy this content 😊
Is gold completing wave 4?In my opinion, gold is in its 4th wave.
The first movement part of wave 4; It finished 2 days ago and started the second part.
As I showed the ceiling and the floor in my previous analysis of gold, it will be the same this time.
But with a big difference: the volume of sales has decreased, negative news related to China, Taiwan and America has increased, these negative news can fuel a sharp move.
The logical completion of the second part of wave 4 can be the number 1874, but if tensions increase, the completion of this wave can be observed between the prices of 1910 and 1920.
Be successful and profitable
Xauusd ..... 4h- Analysis of gold against the US dollar on the four-hour chart
Technical analysis is based on trend analysis
The price is now trapped between an uptrend and a downtrend
- We wait for the downtrend to cross over to reach the targets specified on the chart
The weak scenario is to break the uptrend to fall to the selling targets specified on the chart