XAUUSD 19/09/2022So gold currently moving in a downtrend channel & also formed a small timeframe structure while facing recent resistance at 1671.26 & support at 1653.99. now if price respects the resistance & breaks out of the support at 1653.99 then price might continue to push down to retest the next HTF support at 1644. 40 while still moving in respect to the downtrend.
However if price breaks & closes above the resistance at 1671.26 then gold could breakout of the downtrend channel & might continue to push up to the next resistance zone 1679.89 again as a retracement.
Xauusdprediction
XAU NEAR FUTURE PREDICTIONS (4HCHART)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels from my past ideas published or levels that were respected from the past only for explanation purposes.
Good luck everyone, stay safe!
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DeGRAM | XAUUSD short!Gold has broken the support level of 1850 $ and closed below it.
Price is pulling back to the previous support zone, which became a resistance.
A classic "BPC" pattern. Breakout-Pullback-Continuation
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DeGRAM | XAUUSD at majot supportXAUUSD has tested major structure support at 1850$ as we predicted yesterday.
The price is rising from the support level.
We are considering buying a short-term price pullback.
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XAUUSD - GOLD CURRENT SITUATION- Today is a very important day for XAUUSD. The reason for this is the release of the USD JOLTS JOB. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. So far, the US DATA received yesterday is slightly MIXED DATA received. But according to the INDICATOR RULES, they managed to make USD UP.
- US10Y is now up to 3.00% LEVEL. It was a CORRECTION just like we thought. The POSITIVE SENTIMENT for USD has also been very positive for DXY in the past. Now DXY seems to be a bit CORRECTION. We look forward to hearing from you. US10Y LONG TERM UP is going to be with this RATE HIKE CYCLE and this MARKET CONDITION. Also, when we look at DXY, it has moved to DXY 103.57 LEVEL.
- GOLD PRICE is below DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. GOLD SHORT TERM has a UP SIDE BIAS. But currently GOLD can be SELL before UP.
- Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES RISK ON TONE is what gives us. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.
- GOLD PRICE can be DOWN again before UP. So GOLD can go back to 1817 LEVEL. After that you can definitely go up to GOLD price 1912 LEVEL.
If the TREND LINE is BREAK, GOLD can travel up to 1966 with a DXY or US10Y CORRECTION.
- However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first.
WILL GOLD HIT 3000 ?As we can see on weekly timeframe xauusd making Cup&Handle Pattern
an also if we breakdown to lower timeframe especially on Daily timeframe he just making descending channel
which mean he would continuation bullish as soon as possible
We just waiting for clear flag on timeframe 1H-4H to execute long
However this plan can be false if xauusd making new pattern
share your idea below
thankyou friends
XAUUSD Weekly Analysis Nov 29 - Dec 5So We saw a very strong movement on gold this last week. And once gold reached 1780 price, it has started to pullback since then.
By just looking at the last strong impulsive movement to the down, there is a high probability that we will be seeing some correction movement in this upcoming week, there will be some buyers towards the price of 1840 (very likely to go there) and then we might find a trade opportunity to scale few hundred pips from a single trade.
Potential targets:
First Take profit should be 1780 price levels where market developed a support level this week. And if market crosses that level and go below.
TP 2 will be 1760 price levels
TP 3 will be 1725 price level if we break below 1760
XAUUSD bullish for target 1940#xauusd, monthly and weekly chart forming higher high and higher low, monthly bar of April did not make lower low and broker high of the month of March, similarly May monthly bar broke April monthly high. 1855 initial demand zone for long, if breaks this level then next high demand zone for buy 1840-30 area. 1888 is hurdle where sellers may attempt to involve in market mean expecting some retracement by this level.
Gold Spot- XAUUSD- short Gold spot loosens its shine! An elevated NFP stats moves the instrument lower and starts accumulating net positions lower to the downside.
Historically it performs well either bullish or bearish but an area of consolidation is taking place with an accumulation of liquidity at play until it breaks either way. My bias is still bearish before a return to bullish territory.
Comments are welcome! Have your say.
XAUUSD FLY TO THE MOON UPDATEAs we can see
Gold has made Higher High and Higher Low consistently
and also he respected Golden area fibo 0.618
i expected gold stil running as my forecast
now im gain 600 Pips since my previous forecast uploaded
so guys , if you want to execute gold currently don't forget to waiting for bullish flag
However gold could FAIL to Bullish if he can't break the near resistance as well
thankyou
if you have some idea
please comment below !
XAUUSD REVERSAL GOLD MOMENT TO BUYAs we can see xauusd making clear structure on 4H timeframe (Falling Wedge)
and also we can see on higher timeframe xauusd has been hit the most important trendline
my opinion for this trade will be looking for bullish momentum , which is i was took trade on 1675 before
my expectation for gold , he will hit trendline on 1877 for long term
so if you guys follow my plan
dont forget to watch your money management
risk maximum 2% from your balance
thankyou
you also can share your idea below
Gold – Formation of the first wave from the point of 5In the daily chart and by price crossing the trend line, the uptrend is confirmed. In the 240-minute chart, according to the wave count, the price is in sub-waves of the 3rd wave from “ i “ point , which can be extended up to the range of $ 1967.
Gold - The first ascending wave in the V waveAn uptrend that starts at $ 1764 and ends at $ 1875 can be a 5-wave movement.
The price is currently in the corrective phase of this trend, which can be extended up to $ 1805. The main confirmation for the uptrend will be received when the price crossing the range of $ 1965
the Possibility of completing IV Wave in the range of $ 1764In the 240-minute chart, with the price increase, we should consider the end of the downtrend in the range of $ 1764. If the price can cross the range of $ 1898, the first confirmation will be received. In order to get the main confirmation for the advent of the V wave, the price must cross the range of 1965.55, with 5 ascending waves.
Gold –The change of downtrend target to $ 1597By monitoring the 240-minute chart, the existed scenario is that the price located in the sub-waves of 3rd wave, which can be extended up to the range of $ 1651, and in continuation with the corrective movement in the 4th wave, the 5th wave will be ended in the range of $ 1597.