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Xauusdidea

Gold’s Correction: Signals to Watch for the Next RallyLast week, I suggested that Gold would experience a pullback at some point. However, this wasn't a prediction of a trend reversal, but rather a temporary correction following its extended upward move. On Friday, Gold did indeed decline, reaching an intraday low in the 2643 zone. Now the key question is: Has the correction ended? In my view, there is still potential for a further dip, with the next leg of the correction possibly pushing Gold down to around 2630, which could present an ideal buying opportunity. In this scenario, Bulls may look for entry points and aim for the recent highs. Additionally, a break above the Asian session high could indicate the correction is over, marking the 2645 zone as the bottom
OANDA:XAUUSDLong
by Mihai_Iacob
7
XAUUSD 30/9/2024 Has the uptrend started?Looking at H1 we see that the 5-wave uptrend structure has been completed and we are now in an ABC correction structure The target of this correction I expect to end at the 2607 zone. At that time we can execute a long-term BUY order to continue the uptrend. - The process of price completing the correction wave target needs to absorb strong demand zones along the way. These are the targets for us to be able to BUY short-term by day. - Looking at the Volume profile, we see that there are 2 important demand zones that need to be considered, which are the 2639 - 2636 zone and the 2625 - 2622 zone. These are the border zones where the price is pushed up, so they will be the zones that the BUY side will protect when the price returns, and to break these zones, an absorption process is required and we will take advantage of this to proceed to BUY up. - After completing the adjustment, when the price breaks the peak zone of 2686, confirming that the adjustment process is complete, I then measure the target of the uptrend wave with the first resistance zone at the 2700 zone and above it is the 2738 - 2741 zone. This is also our important SELL target zone. - In which we pay attention to an important zone of 2674, this is a strong supply zone, we can consider SELLing in this zone. SELL ZONE: 2670 - 2673 SL: 2660 TP1: 2651 TP2: 2641 SELL ZONE: 2697 - 2700 SL: 2707 TP1: 2684 TP2: 2674 TP3: 2655 BUY ZONE: 2639 - 2636 SL: 2629 TP1: 2655 TP2: 2674 TP3: 2684
OANDA:XAUUSDShort
by DEEKOP
#XAUUSD 1HXAUUSD 1-Hour Chart Analysis Pattern Identified: Bearish Market Bias with Focus on Selling at Pullbacks Forecast: Sell Outlook for Next Week: Good Luck On the 1-hour chart of XAUUSD (Gold/US Dollar), the market is exhibiting a bearish bias, with sellers maintaining control over price direction. Given this downward pressure, the strategy revolves around selling at pullbacks. Pullbacks represent short-term upward retracements that offer opportunities to enter short positions before the price resumes its decline in line with the prevailing bearish trend. Key resistance levels, previous support zones that have turned into resistance, or Fibonacci retracement levels will serve as optimal points to watch for potential pullback reversals. These pullbacks provide traders with better entry prices for their short positions, maximizing the potential for profit while minimizing risk. Actionable Insight: Traders should patiently wait for price pullbacks towards resistance areas or key retracement levels. Once price action shows signs of weakening bullish momentum, these points can serve as entry zones for selling. Stop-loss orders should be placed above resistance levels or the highs of the retracement to protect against potential reversals. Look for confirmation patterns such as bearish candlesticks or momentum indicators to validate entry decisions. Good Luck for the Next Week: Stick to the plan, and may your trades align with the bearish trend for a profitable outcome!
OANDA:XAUUSDShort
by PIPSFIGHTER
XAU/USD 30 September - 04 October 2024Weekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all time highs and surge 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. Price has continued higher with CHoCH positioning remaining the same as last week's analysis dated 22 September 2024. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS and continued it's surge in price lead by soft US macroeconomics and increasing geopolitical tensions. After bullish iBOS we expect bearish pullback, which, at the moment, is not showing any signs of printing. First indication, but not confirmation of pullback is for price to print a bearish CHoCH. Since last week's analysis, CHoCH positioning has remained unchanged. Bearish CHoCH positioning is denoted with a blue doted line. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge in price printing all time highs with price pulling back very minimally. Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range. You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish. Although price has tapped in to strong internal low, price has been unable to close below Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic if price prints a bearish iBOS. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 27 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge printing all time highs with price pulling back very minimally. Price has printed a further bullish iBOS. Bearish CHoCH has been printed indicating bearish pullback phase initiation. We also have established an internal range. You will note the internal range has extensively narrowed, allowing price to confirm swing pullback phase by printing bearish iBOS. However, we remain bullish. Intraday expectation: Price to target weak internal high, however, due to the narrowing of the internal range and all HTF's requiring pullback, it would not be unrealistic is price printed a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Intraday expectation was met with price printing bullish iBOS. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not be unexpected if price prints a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 26 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis/bias remains the same as yesterday's analysis dated 25 September 2024 Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile. Price has printed a bearish CHoCH, we therefore have established an internal range. Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday analysis is currently underway, therefore, my analysis/bias shall remain the same as yesterday's analysis dated 25 September 2024. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: How long can the bull market sustain its momentum? Amid escalating geopolitical tensions and the Federal Reserve’s rate cuts, gold has been on a persistent upward trajectory. After breaking through the key 2600 level, it is now approaching the 2700 mark. Over the past couple of days, it has consolidated above 2650, leaving short positions severely pressured. While bulls celebrate, bears are licking their wounds. I believe that after enduring this challenging phase, bears will stage a strong, retaliatory comeback. Thus, the best strategy now is patience. Wait for the right moment—if you’ve missed the bull's rally, don’t miss the bear’s counterattack.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD: What Should You Do If Your Short Position Is Trapped? Recently, I've maintained a short position in gold, admittedly missing out on the recent upward momentum. However, at the current levels, I have no intention of chasing the rally. Instead, I will continue to hold my bearish outlook, waiting for a pullback to the 2580-2550 zone. Chasing the price at this stage poses unnecessary risks, as technical indicators suggest the potential for a retracement. The focus remains on capturing profits as the price corrects, reaffirming my commitment to the short strategy.
OANDA:XAUUSDShort
by Mia-Signal
XAU/USD 25 September 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge printing all time highs as US economic data and geopolitical tensions have influenced market sentiment which typically supports Gold prices. Therefore, price is expected to remain highly volatile. Price has printed a bearish CHoCH, we therefore have established an internal range. Intraday expectation: As price has made it's first indication of pullback by printing a bearish CHoCH, this could potentially initiate H4 pullback phase with price pulling back to discount of internal 50% EQ or H4 demand zone. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday analysis was correct as price did target weak internal high, printing a further bullish iBOS. Price is now contained within an internal range and is in discount of internal 50% EQ. Intraday expectation: Technically price should target weak internal high. Expecting reaction from discount of 50% EQ or M15 demand zone. Alternative scenario: Due to all HTF's requiring a pullback, it would not surprise me if price printed a bearish iBOS. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 9/25/2024 gold price continues to increase? Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699. After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets - This adjustment will be very large and long to facilitate intraday trading I will choose target zones with a lot of demand so we can catch the recovery waves in this adjustment. - We have 2 target price zones with high demand concentration, which are the 2565 - 2562 zone and the 2594 - 2591 zone. These are the 2 target zones we choose to BUY up. Trading plan SELL ZONE: 2696 - 2699 SL: 2706 TP1: 2682 TP2: 2665 TP3: 2655 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2641 Tp2: 2655 TP3: 2670 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2614 TP2: 2625 TP3: 2641
OANDA:XAUUSDShort
by DEEKOP