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Xauusdbuys

XAU/USD Longs from 2,380 back up (ATH Soon)My gold bias for this week is bullish. After observing a reaction off the 22-hour supply zone, I expect a further drop to complete a retracement to a nearby demand zone, likely the 16-hour or smaller zones below it. Given my bullish outlook, I will be looking for buy opportunities. Once price reaches my demand level, I will wait for lower time frame confirmation to take it back up, potentially to the old all-time highs (ATH) or even higher. Confluences for GOLD Buys are as follows: - Price has broken structure to the upside and left a 16-hour demand zone. - Price is near the old ATHs, which is a major liquidity point. - The overall and current trend for gold is very bullish. - The DXY is looking bearish, supporting the gold buy ideas. P.S. If the price continues to rise without a retracement, I will wait for further price action to determine if I can sell down to a demand zone.
OANDA:XAUUSDLong
by Hassan_fx
1
XAUUSD Gold weekly timeframe breakdownAnother week of more bearish price action. All in all it was a good week for trading with no losses being taken and successful trades (all have been reviewed and broken down here) So with price closing below another key area of support, the expectation is going into the final week and a half of August price should continue down with little to no support remaining. At this point 1860 is the next level where we could see a rejection however given how price action in the past has reacted to this level I wouldn't be surprised if we drive straight down, but I feel that's not as likely as the bull case of tapping that level and moving back up into the 1900's.
OANDA:XAUUSDShort
by FriesianFX
XAUUSD Gold buy trade breakdownYesterdays buy that we were testing the method of ended up being a success. This is good, but it's only one case out of many more to come. The overall theory of the trade was price breaking out of a range where there was strong support, tapping into a level that we had tapped before with anticipation that price would move back to the top of the range where our full Take Profit was. We had a second buy limit set at a secondary level, so that should price have retraced far enough we could get a secondary position to exit both on the retest of the initial break of support which turned resistance.
OANDA:XAUUSDLong
by FriesianFX
XAUUSD simple Weekly breakdownLooking at the weekly timeframe we can see 4 very key levels. The ones closest to us - 1966 and 1977 Why is 1966 so important? The simple answer is this is a key level the weekly candle failed to close above last week and what about 1990? a close above 1990 will almost certainly give us a shot at pushing 2010+ again and possibly looking at the all time highs. We have 2 more trading days left for the weekly candle to close, this will be the most significant timeframe for next week as we will not only be seeing the monthly candle for July close, but going into August which is typically a trending month for Gold will be a key piece of analysis.
OANDA:XAUUSD
by FriesianFX
XAUUSD 1 hour analysisWith FOMC out of the way it's back to business (trading!) as usual. We will be looking for price to create support before being able to continue up as we go into the end of the week AND the end of the month. A close above 1980 on the monthly timeframe will be incredibly bullish as far as indications of bullish momentum goes, but that will be discussed further in my monthly analysis chart. For the hourly, with NY 30 minutes away from closing Asia session is our next best opportunity for price to continue up. First and foremost, Asia markets will react to the FED news and comments, and once that is out of the way London session tomorrow should see us print a liquidity grab before we continue in the direct the market chooses. Personally, I'm more bias towards buys, and if we can get buy set ups I will be taking normal 1-2% risk per trade. Updates to be posted as and when they come in.
OANDA:XAUUSDLong
by FriesianFX
XAUUSD 1h analysis - potential buy opportunityLooking at Gold on the 1hour halfway through the current 4 hour candle, we can see price is rejecting the range we have highlighted. Should price close above 1966, if price creates a bottom wick touching the 1963 and below level, before moving back up and breaking it's own highs above 1966 we can take buys immediately based on the fact we have closed above a key level, grabbed liquidity and have the volatility to continue the move up. Should this play out I will be taking a trade at normal risk of 1-2% with stops below the most logical recent lows.
OANDA:XAUUSD
by FriesianFX
XAUUSD Long/Buy ideaGood Morning, to keep it short and sweet, we are looking for buys on the break of the previous candle high. I am taking a buy here in this scenario due to London open, HOWEVER, London Open is always a volatile and sometimes nonsensical time in terms of how the market will react. We need to play this carefully so don't risk too much. IT IS A FRIDAY! TAKE IT EASY ON THE TRADES! If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
FX:XAUUSDLong
by FriesianFX
2
XAUUSD broken level showing big bullsXau/Usd just made a breakout of a 4h trendline. It's above it and is rejecting it consistently. This is showing us that gold is ready to move up, and is going to break out soon. Buyers are in the market since 1700 level, rejection of the 1730-1740 area already occurred. Now seeing what indicators say they do confirm that we are entering a really strong and bullish market. Once gold break above 1740 level is going to buy really hard. Our moving average has been rejected multiple times already, the fibonacci retracements do confirm the big buys coming since they been rejected perfectly. 50% fib level is just in the same place as the 4h trendline meaning our structure is correct from institutional levels. An confirming that our setup is correct. Our entry will be XAUUSD buys: ENTRY @1736 SL @ 1716 TAKE PROFIT @1780 The setup is offering a 2.40 Risk Reward ratio.
OANDA:XAUUSDLong
by Arnau_fx