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Xauusdforecast

1:5 risk to reward buy setup for GoldCore Analysis Method: Smart Money Concepts Here’s the analysis based on the Smart Money Concepts methodology: 😇 7 Dimension Analysis Time Frame: 5M Swing Structure: The market structure is strongly bullish with liquidity resting in a key area at the extreme POI. The Inducement has been taken, and the corrective swing move has reached its lowest levels, showing two pullbacks. The internal structure supports this corrective move, with Order Blocks (OB), Sell Order Blocks (SOB), Fair Value Gaps (FVG), and liquidity marked as Points of Interest (POI) in the Discounted zone, making this setup powerful. Support & Demand are also located in the POI zone, making this setup favorable for bullish momentum. Pattern: 🟢 Chart Patterns: A Rectangle pattern is forming, so patience is required to see how it plays out. 🟢 Candle Patterns: Candle patterns will be considered once the price reaches the POI. Volume: No notable volume observations at this point. Momentum RSI: Skipped for this analysis. Volatility Bollinger Bands: Skipped for this analysis. Strength ADX: Skipped for this analysis. Rating: ⭐⭐⭐ (3 Stars) Probability: 50% The probability is moderate, indicating a balanced risk/reward scenario. ✔️ Entry Time Frame: 5M ✅ Entry TF Structure: Bullish ☑️ POI: Extreme unmitigated OB 💡 Decision: Buy Limit 🚀 Entry: 2494 ✋ Stop Loss: 2484 🎯 Take Profit: 2545 😊 Risk to Reward Ratio: 5 RR 🕛 Expected Duration: 1 Day (D1) SUMMARY: This setup on the 5-minute timeframe suggests a potential buying opportunity as the market is in a bullish structure, and key Points of Interest align at the Discounted zone. The Rectangle chart pattern forming adds to the likelihood of a potential move. The trade setup has a moderate probability with a 5:1 risk-to-reward ratio. The entry is planned at 2494, with a tight stop loss at 2484 and a target at 2545. Given the lack of significant volume, momentum, volatility, and strength indicators, this trade is more speculative and should be monitored closely as the price approaches the POI.
OANDA:XAUUSDLong
by Optimum369
1
#XAUConfirming the peak at 2531, adjustment or further increase?Gold analysis on August 21, 2024: After forming a peak in the 2526 - 2530 region as predicted, gold has experienced a correction to the 2500 area and then rebounded. This is not yet the point enough to create a strong upward trend for gold. The possibility of a deep decline to create momentum is still very high. Prices of 2450 or even 2435 are still expected. The trading trend today remains SELL. Key price areas to note: SELL zone: 2520 - 2525 and 2529 - 2533; BUY zone: 2502 - 2507 and 2490 - 2495. Recommended orders: Plan 1: SELL XAUUSD zone 2521 - 2523 SL 2526 TP 2518 - 2510 - 2500 - 2490. Plan 2: SELL XAUUSD zone 2513 - 2515 SL 2518 TP 2510 - 2500 - 2490 - 2480. Plan 3: BUY XAUUSD zone 2490 - 2492 SL 2486 TP 2495 - 2500 - 2510 - 2520.
OANDA:XAUUSDShort
by oakpotshy
Gold Teeters on the Edge: Major Reversal or Breakout?The charts provided for XAU/USD (Gold Spot) on various time frames present a comprehensive analysis scenario where several key patterns and zones align across different time frames. Analysis Breakdown: 1. **Daily Time Frame (1st Chart):** - Rising Wedge Pattern: This is typically a bearish reversal pattern, especially when it forms after a significant uptrend. The price is nearing the upper boundary of this wedge. - Daily Liquidity Zone (LQZ) at ~2,484, The price is within a critical liquidity zone. This zone often acts as a magnet for price action, where significant buying or selling can occur. A reaction here could signal a reversal, particularly since it aligns with the top of the wedge. 2. 4-Hour Time Frame (2nd Chart): - Continuation of the Rising Wedge: The 4-hour chart mirrors the daily chart, emphasizing the wedge pattern's significance. The price is testing the upper boundary of this wedge, which could result in a breakout or a reversal. - Confluence at LQZ: The price is closely interacting with the daily LQZ, reinforcing its importance. Multiple touches near this area might suggest either absorption of liquidity before a breakout or a potential exhaustion leading to a pullback. 3. 1-Hour Time Frame (3rd Chart): - Bearish Flag Structures: Two bearish flags are visible, which are typically continuation patterns indicating the possibility of a downward move. These have occurred within the broader rising wedge. - Approach to Key Resistance: The price is at a critical juncture where the rising wedge's upper boundary coincides with a strong resistance level. 4. 15-Minute Time Frame (4th Chart): - Breakout and Retest Scenario: On the lowest time frame, a breakout from the bearish flag is evident, with the price retesting the structure's top. This may indicate either a continuation to the upside or a failure and reversal, depending on how it interacts with the liquidity zone above. Potential Trading Scenarios: - Reversal Scenario: Given the rising wedge pattern and its bearish implications, combined with the proximity to a significant liquidity zone, there's a strong potential for a reversal. Watch for a clear bearish signal on the 4-hour or daily chart, such as a bearish engulfing candle, which could confirm the reversal. A break below the wedge's lower boundary would be a stronger confirmation. - Breakout Scenario: If the price breaks above the wedge's upper boundary and holds, especially on the daily chart, it could signal a continuation of the uptrend. However, be cautious of potential false breakouts, especially around such strong resistance and liquidity zones. - Entry Considerations: If considering a short entry, look for a rejection from the LQZ on the 4-hour or 1-hour chart, ideally supported by bearish confirmation patterns (e.g., engulfing candles, pin bars). A reduced-risk entry could be taken on a lower time frame after the breakout and retest of the wedge or flag structure.
OANDA:XAUUSD
by Adlercon333
4
XAU/USD 19-23 August 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all time highs with no indication of bearish pullback phase initiation. The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line. I have previously mentioned that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed. CHoCH positioning has been brought close to current price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS. After bullish iBOS we expect bearish pullback. First indication, but not confirmation of bearish pullback phase initiation is for price to print a bearish CHoCH. Bearish CHoCH positioning, which is denoted with a blue dotted line, and 50% internal EQ are almost identical. We currently do not have any indication of price pulling back. Daily Chart: H4 Analysis: -> 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:
OANDA:XAUUSD
by Khan_YIK
XAUUSD Bullish momentum started again**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between the High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. Due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold. Last week, we saw a big selloff in XAUUSD for profit-taking after it reached a new record high. While the long-term outlook for the XAUUSD (Gold) is still bullish. **Weekly Chart** Last week's candle closed bearish after testing the midlevel of the previous week's key reversal. It has also tested the IPA of the 1st July 2024 week at 2,353.195 before moving higher. This has confirmed that the sell-off was completed and the buyers are entering the market as it pushed XAUUSD higher. **Daily Chart** Last week's move was a continuation of the previous weekly sell-off move and only tested the relative daily low at around the 2,353.19 level before it turned around and started a bullish move. For this week I expect to continue to be bullish and we will probably see a new high formed above 2,500 level in the coming weeks.
OANDA:XAUUSDLong
by PropSignals
XAUUSD Where it is going first?**Monthly Chart** Last month's XAUUSD (Gold) candle closed as a large bullish candle after creating a new record high shy of the 2,500 level (round number). This indicates that traders will try to push the price higher to break the record high. This is in line with geopolitical reasons happening in the Middle East at the current moment. This month's candle, which is still active, tested 50% of last month's candle and tried to push higher again after a large sell-off last week (Monday—5th August 2024). **Weekly Chart** The last weekly candle closed as a bullish fakey candle (or low test in the supply zone), indicating a solid buy around 2400 levels for 300 pips up. However, the price must still break the low at around 2360 levels before it pushes strongly upwards. This week, we will examine the price movement for a better entry setup to buy from the demand zone. **Daily Chart** Friday's candle closed as an indecision doji after testing the IPA (or FVG candle), indicating an indecision move after large buys from the previous day. This week, I would like XAUUSD to move lower first to test the liquidity pool generated around the 2,360 level. This level has created a great buying opportunity before the price moves higher and creates a new high.
OANDA:XAUUSDLong
by PropSignals
4
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold (XAU/USD) prices surged to near $2,430 in Friday's New York session, rebounding after a turbulent week sparked by the Bank of Japan's surprise rate hike. But with the Fed's potential September rate cut looming, will gold continue its climb? The recent recovery highlights a firm near-term outlook for gold, driven by strong speculation that the Federal Reserve (Fed) will begin reducing interest rates in September. There is ongoing debate among investors about the Fed’s approach to rate cuts. Some are anticipating a more aggressive 50 basis point (bp) reduction, while others expect a 25 bp cut. According to the CME FedWatch tool, current 30-day Federal Funds futures data shows a 54.5% probability of a 50 bp cut in September. Additionally, projections for the year indicate a potential total reduction of 100 bps. In this video, I explored the current market sentiment, weighed the chances of both buyers and sellers in this volatile environment and discussed how to prepare for potential trading opportunities in the upcoming week. XAUUSD Technical Overview: This week, we're focusing on the $2,425 zone. This could be a make-or-break point just like it did last week. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone then Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel in the process. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #gold #goldprice #goldtrading #swingtrading #marketanalysis #fed #rates #economy #usdata #nonfarmpayrolls #tradingstrategy #technicalanalysis #investing #finance #goldinvestors #goldbugs #goldnews #marketupdate📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
PEPPERSTONE:XAUUSD
by darcsherry
XAUUSD GOLD Technical Analysis and Trade Idea👀👉 In this video, we dive into the XAUUSD pair, which has recently shown bearish momentum with a break of structure on the 4-hour time frame. The pair has pulled back and is now retracing into a critical resistance level. I see potential for further downside and am watching to see if the price holds below the current range low. If we get a breakout, I plan to enter a sell position, as explained in the video. If the price action doesn't set up as discussed, there’s no trade. However, it's important to understand that these insights are speculative and not guaranteed forecasts. It's crucial to confirm specific price actions before making any trades, as highlighted in the video. The analysis provides a detailed look at the current trend, market structure, and price behavior. Remember, this content is for educational purposes and doesn't guarantee success. Trading carries significant risks, so always use strong risk management strategies. 📈✅
FOREXCOM:XAUUSD
by fxtraderanthony
1
XAUUSD Gold Technical Analysis and Trade Idea👉 🔍 In this video, we take an in-depth look at XAU/USD (Gold). Recently, it broke structure on the daily time frame with a strong bullish move toward previous resistance levels. However, on the 4-hour chart, we're seeing a pattern of lower highs and lower lows, indicating a short-term downward trend. Despite this, the price appears to be holding steady, and I'm monitoring for a potential bullish breakout. If the price breaks resistance and retraces into the 50%-61.8% Fibonacci zone, it could present a buying opportunity. As always, this video is for educational purposes only and should not be considered financial advice. It's important to understand that these insights are speculative and not a guaranteed forecast. Confirm specific price actions before making any trades, as discussed in the video. The analysis covers the current trend, market structure, and price behaviour in detail. Remember, this content is educational and doesn't guarantee success. Trading carries significant risks, so always use strong risk management strategies. 📊✅
FOREXCOM:XAUUSD
by fxtraderanthony
XAU/USD (GOLD) Long from 2.390.000 back up My bias on gold remains bullish. Price has been reacting strongly to demand zones and imbalances, producing solid bullish candles. However, since price left a clean demand zone, I expect a small pullback into that zone for reaccumulation. Once price gives a change of character to the upside in the 20-hour demand zone, I’ll look to buy back up to target the Asia high below the 45-minute supply zone. Confluences for GOLD Buys: - Price changed character to the upside, leaving a clean 20-hour demand zone. - Liquidity above in the form of an Asia high. - -Market structure is bullish on both higher and lower time frames. Economic news and ongoing conflicts support GOLD longs. P.S. After sweeping the Asia high below the supply, I expect a short-term sell opportunity around the 45-minute supply at 2,470.000. However, I’ll wait to see how price reacts.
OANDA:XAUUSDLong
by Hassan_fx