XAUUSD Gold Technical Analysis and Trade Idea👉🔍In this video, we closely examine XAUUSD Gold. Recently, Gold has experienced a strong bullish rally but now appears overextended and has reached a key resistance level. Given this overextended move, I'm looking for a buy opportunity on a Fibonacci retracement.
In the video, I share my insights on price action, market structure, and the trend. Remember, this content is for educational purposes only and not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
Xauusdidea
How will XAUUSD fluctuate after Trump's case?
The failed assassination of presidential candidate Trump increasingly increased his odds of winning the election as well as helping the Republican party hold a large number of seats in the parliament. If the Republican Party prevails in the election, This will promote a reduction in USD interest rates. This is also the reason why XAU has increased in recent days.
Looking at H1:
- The purple 5-wave structure has been completed. This could be the wave 1 structure in a larger wave. and so next will be the corrective wave structure
- Like I said before, corrective waves often take a long time and move complicatedly, we need a lot of follow-up data to shape the corrective structure.
- But for simplicity we can expect a simple ABC structure to observe
- Then we temporarily have the target area for corrective wave C at 2 price areas: 2367.7 and 2349.3.
- The current plan is that we can sell at the price range of 2429 to the price range of 2440 and set the SL at the top of 2440.
XAUUSD July 9, 2024 potential buying point?Looking at h1 yesterday, we continued to successfully predict the direction of price movement
- Currently, the price is approaching the target area of wave C. As I said yesterday, we need data from waves A and B to be completed to determine the target of wave C.
- Currently, I measure the target of wave C located at 2 price areas 2355 and 2346 price areas. These 2 price items form a narrow area where we can enter a Buy order at this price area.
- If the price breaks through 2339, our current wave counting process is no longer correct, then I will update you again.
XAUUSD - GOLD - Scalping Mode! 15th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Start shorting gold!Today, gold still maintains an upward trend, and gold is currently trading around 2420. Everyone must have questions, whether the bulls will continue to rise, or wait for the high point to pull back, I think this is the most concerned issue for everyone at present!
In fact, I am not optimistic about how high gold will continue to rise. Although gold has risen to around 2420, it seems strong. However, gold has never been able to break through the left shoulder of the daily head and shoulders top pattern during the rise, so the daily head and shoulders top pattern still holds! The rise in the right shoulder of gold is not strong, so we must be careful of the shorts counterattacking at any time. So in the next transaction, we can't be too aggressive in going long on gold! Be careful of the trend of gold falling after rising. Once the decline of gold causes selling, it will be difficult for long positions to get out of trouble; in addition, the US dollar index has also touched the support position in each cycle, and the support rebound of the US dollar index has also suppressed gold to a certain extent!
So in terms of trading, I don’t advocate going long on gold at present. On the contrary, I prefer to go short on gold at a relatively high level, and then wait patiently for gold to fall!The main focus on the upper side is the 2425-2430 area resistance, and the lower side is the 2400-2395 short-term support, followed by the 2385-2380 area support.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAU/USD 15 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has reacted from daily supply zone which could potentially initiate the bearish pullback phase following bullish iBOS.
Bearish CHoCH positioning, which is denoted with a blue dotted line, is quite a distance away from price, therefore, for a better indication that pullback phase has initiated I would like to see price print a bearish CHoCH.
Intraday expectation: Both swing and internal structures are bullish. We currently do not have any indication or confirmation of bearish pullback phase initiation. I would therefore stand aside and allow price to print a bearish CHoCH. Current CHoCH positioning is denoted with a blue dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As previously mentioned, following bullish iBOS last week, technically price should have targeted weak internal high as price was in the discount zone of 50% EQ with internal structure being bullish and that we should be mindful that H4 remains in bearish pullback phase, therefore, I would not have be surprised if price printed a bearish iBOS.
Price printed a bearish iBOS, therefore, the previous intraday expectation was correct.
Following bearish iBOS price printed a bullish CHoCH which indicates bearish pullback phase initiation.
Intraday expectation: Price reacted at premium of 50% EQ but could not target weak internal low. Price could potentially seek more liquidity by trading up to M15 supply zone before targeting weak internal low.
M15 Chart:
XAUUSD: 11/7 Today's market analysis. Waiting for CPI to be releTechnical analysis of gold
Daily resistance 2400, support 2370-50
Four-hour resistance 2384, support 2370-61-50
From the analysis of the 4-hour line, pay attention to the resistance of 2384 on the top and the support of 2361 on the bottom. Sell high and buy low in this range before the CPI data comes out.
After the CPI news is released, the technical analysis may become invalid, please refer to it with caution
Technical analysis only provides trading direction!
XAUUSD - GOLD - Scalping Mode! 11th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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.
XAUUSD - GOLD - Scalping Mode! 10th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD remains Bullish**Monthly Chart**
XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, 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.
**Weekly Chart**
Weekly candle closed as a bullish low test candle indicating that there is still a strong bullish directional basis towards 2369 level and then 2400 level.
**Daily Chart**
XAUUSD moved higher creating an engulfing candle after testing the demand zone suggesting a continuation of the bullish move. At least to test the high of the IPA around 2387 level. We might see a small retracement in lower time frames before the price pushes higher this week.
xauusd July 10 trading strategy and signals
#xauusd Trading strategy for July 10, 2024
Gold is currently volatile every day. So I suggest that you take segmented trading to make a profit.
Gold currently has support below 2347./2327
Gold currently has pressure above 2371.5/2385
Combining the price factors of individual indicators
I will give you several areas suitable for trading. As marked in the chart.
xauusd sell:
2366-2369 (continue to scalp at this price)
2378-2382 (this signal is still valid before 2385)
2388-2393 (this gold price high and the last gold price high)
The above price area can be sold and profited.
xauusd buy:
2347-2351 (current resistance. Suitable for scalping)
2332-2336.5 (this signal was valid many times before 2326)
The above price area is suitable for buying
Gold price fluctuations are very large. So you can make a profit through multiple transactions.
My analysis is consistent with the price fluctuations of gold every day. If you want to make a profit in trading, maybe you can refer to my trading signals. If you like it or make a profit, please give me a thumbs up and join me.
XAU/USD 10 July 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following bullish iBOS price has not pulled back significantly enough to indicate bearish pullback initiation.
This could indicate that price is seeking further liquidity to fuel its drive down.
Price could also create a new high, higher than the fractal high to bring CHoCH positioning closer to current price action.
Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention as price has failed to print bearish CHoCH or reach discount of 50% EQ.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's intraday expectation of price targeting weak internal low was met, however, price was unable to close below.
Intraday expectation: Strong internal high to remain protected, price to react at M15 supply zone before targeting weak internal low.
M15 Chart:
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Gold trading strategy on July 9
xauusd Tomorrow is Tuesday. I think there will be no new trend before breaking through the circled range. It is likely to continue the volatility trend of last Friday and today. Of course, the recent trading range is very large, so please set sl
I think tomorrow's trading range is 2331-2385.
So we choose the appropriate trading signal to trade according to the corresponding time period.
European session
buy2347-2351
sell2367-2369
US session
buy2332-2336
sell2378-2381
Choosing the signal of the corresponding time period can get safe profits. Of course, I may update new signals and analysis tomorrow.
I am profitable almost every day in the corresponding time period. If you use my signal to make a profit. Or you like my analysis. Then please like me and join me.