XAUUSD SELLSo currently on XAUUSD / GOLD we are looking to take a sell immediately we get a confirmation of price, so let’s wait patiently for confirmation during the weeks back GOLD has been bullish for really long so it’s time for pullbacks before we can continue the bullish run, so let’s wait patiently for price confirmation and market reaction remember forex is not predicting but market and price reactions. Follow me for more Analysis and please drop a Comment thanks
Xauusdsetup
XAUUSD Gold New Week MoveXAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern and Rejection from the LTL
Selling Divergence
It can Possibly Reject from the UTL at the Daily Resistance Level Making its Second Top
Break of Structure
Broke the Fibonacci Level - 78.60% with Strong Bullish Price Action
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway, we expect GOLD to go up to 2020 LEVEL. Before that, GOLD may go down to the 1900 LEVEL with the FOMC UPDATE. Be careful..
XAUUSD Will Go Up ! XAU-USD broke the falling resistance
And the breakout is confirmed
So I think that after the
Pullback and retest of the
horizontal resistance
We will see bullish continuation
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Rejection from Fibonacci Level - 78.60%
Bullish Channel in Short Time Frame
Consolidation
Elliot Waves - Completed " 12345 " Impulsive Waves and Corrective Wave " ABC "
Divergence
Breakout the Demand Zone and Completed the Retracement
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway we expect that GOLD will go UP to 1980 LEVEL. Before that, GOLD may go down to the 1871 level with the FOMC UPDATE. Be careful..
XAUUSD-Possible Selling OpportunityDear Traders, hope you all are doing great, we have an great opportunity to sell XAUUSD where price is expected to filled up the liquidity voided area and 40% price action equilibrium. Further after today's fed news indicate a strong bullish dollar for the rest of the month. Which will gives an excellent opportunity to buy Gold at the discounted rate.
Who else agree?
Comment Down your views!!
#XAUUSD-A great area to go long!!! Dear Traders, following yesterday data on NFP we have now identified that USD pairs will be bullish for longer time as fear of recession has risen again, from negative NFP to increasing tax on Capital gains, everything indicating towards a negative DXY ; we also have CPI next week which will be interesting and important for the investors and traders. It will be better to leave USD pairs alone on Monday where we will have a better understanding of the price action.
Good LUCK happy trading!!
XAUUSD- SELL Dear Traders, hope you are all good, XAUUSD we had big impulse on this one due to ongoing banking crisis going on in the USA related to the SVB. Due to these fundamental reasons price showed an extreme bullish momentum. Right now we are looking at price to fill up the market structure and then we will se what will our next move be.
thank you and trade safe
GOLD Giving A Good Bearish Price Action , Time To Sell It ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GOLD SHORT TERM INTRADAY IDEAIntraday analysis - GOLD - ( 14 MAR 2023 )
Scenario 1 CPI DATA SHOWS A DECREASE
- inflation is showing a decrease
- feds rate hike has been working for months now
- Fueled with recession fears due to banking collapse, this will lean the feds towards a pivot narrative
- With uncertainty and fear in the market, price of gold can still continue its bullish momentum to retest new highs.
If CPI comes out good, it means that the feds monetary policy is working in combating inflation for months to come now despite them still being far from their inflation targets. This would meant they can take things slower and ease monetary policy especially with the current fud in the market due to SVB, they will be more incline to lower rate hikes next week during fomc. Will adapt to buys on gold in the event that happens
HRHR BUYS AT 1912
MRMR BUYS ABOVE 1923
SAFEST BUYS ABOVE 1930
FUNDAMENTALS HAS TO BACK SHORT TERM BULLISH SENTIMENT WITH RECESSION FEARS BEING IN THE MARKET
GOLD SHORT TERM INTRADAY IDEAIntraday analysis - GOLD - (14 MAR 2023)
Scenario 2 CPI DATA SHOWS AN INCREASE
- inflation is still showing an increase
- Inflation target has not been met just yet
- feds has to hike more rates to combat inflation
- With the massive upside move due to fears in the market during the banking collapse fueled by an increase unemployment rate (which is expected as an effect of rating rates) we can expect this entire upside to be corrected.
With CPI still printing high, we can expect all the noise and upside move that was caused by short term fear in this market to be completely cancelled out.
I won't rule out the possibility of a liquidity grab to the upside to 1913s or even 1923 region before heading down.
HRHR SHORTS 1923
MRMR SHORTS 1912
SAFEST SHORTS BELOW 1900
Take into account this is if price stays as it is before CPI. Personally, i would prefer this bias of dollar domination back in play and gold bears. If CPI prints high, it will fuel the fed chair to raise rates next week during FOMC. However, we will not marry our bias and be adaptive upon release of data. This just my favorable stance on Gold and due to the current economy, the feds have a long way to go. They may or may not just stop their monetary policy and not hit their inflation targets just because of a banking collapse which was primarily fueled by human greed.
Do take note they may have a softer approach this month and go nuts next month. Still brining dollar domination back into the table. Just something to take note of.
howto set stoploss correctly and do a goodjob of risk managementStop loss is a necessary means to control risk, and using a good stop loss point is the only way for investors to win.
There are two types of methods for setting the stop loss point: the first type is a regular stop loss, that is, when the reasons and conditions for buying or holding disappear due to changes in market conditions, the position must be closed or stopped immediately. The second category is auxiliary stop loss. In practice, the maximum loss method, retracement stop loss, sideways stop loss, expected R multiplier stop loss, key psychological price stop loss, tangent support level stop loss, moving average stop loss, cost moving average stop loss, Bollinger band stop loss, volatility stop loss, K-line combination stop loss, chip intensive area stop loss, CDP (contrarian operation) stop loss, etc.Investors should judge based on their own risk tolerance and choose a stop loss method that suits them.
The market has been fluctuating all the time, and there are opportunities at all times, but before we make a transaction, when we look at a certain position, we also need to refer to whether the stop loss position is well set, how much profit margin can be grasped, and whether it has played a role in using small capital to fight for high returns.
The size of the stop loss: It can be set according to the resistance support in the seeking stop loss point above. The size of the stop loss we are talking about here should be set more based on the profit margin. This is the high return of small capital. When our profit margin can only be seen at 5-8 points, the stop loss can be controlled at about 3 points; The stop loss point for medium- and long-term trading can be appropriately enlarged, and when the profit point is above 30 points, the stop loss can be set to more than 8-10 points.Of course, the size of the stop loss is more of a reference factor in resistance and support.
Spread in stop loss: We all know that the cost of trading is composed of spread and commission. When we place an order, we try to find the best entry point and calculate the spread. Then the same is true when setting the stop loss. The above talked about finding the stop loss point and the size of the stop loss, then in the gold investment market, it is often a decimal point that can change the profit or loss, so we need to calculate the spread when setting the stop loss.
Several principles for setting a stop loss point:
1. Once the stop loss point is set, it is not recommended to change frequently if it is not necessary. It should be implemented decisively. Stop loss is actually a prerequisite and guarantee for profit.
2. The stop loss point should be set before each lot is traded.
3. The stop loss point can be flexibly changed, but it must not be changed day and night.
4. Before setting the stop loss point, it must be based on the current overall trend
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
judgment of technical indicators and application skills1. Simple judgment of support and resistance:
Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward trend, they are recognized as support and resistance.The best time to buy/sell is near the support/resistance level that is not easy to break.Once these levels are broken, they tend to become reverse obstacles.Therefore, in an uptrend market, the broken resistance level may become support for the upward trend; however, in a downtrend market, once the support level is broken, it will turn into resistance.
2. Understanding of lines and channels:
Trend lines are a simple and practical tool in identifying the direction of market trends.The upward straight line is formed by at least two consecutive low points connected.Naturally, the second point must be higher than the first point.The extension of a straight line helps determine the path along which the market will move.Upward trend is a specific method used to identify support lines/levels.On the contrary, the downward line is drawn by connecting two or more points.The variability of trading lines is to some extent related to the number of connection points.However, it is worth mentioning that each point does not have to be too close.A channel is defined as an upward trend line parallel to the corresponding downward trend line.Two lines can represent price upward, downward, or horizontal corridors.The common attribute of a channel that supports the connection point of a trend line should be between the two connection points of its reverse line.
3. Understanding and understanding of the average line:
If you believe in the creed of "trend is your friend" in technical analysis, then the moving average will benefit you a lot.The moving average shows the average price at a specific time in a specific period.They are called "moves" because they are measured at the same time and reflect the latest average.
One of the shortcomings of moving averages is that they lag behind the market, so they are not necessarily a sign of a trend shift.To solve this problem, using a shorter period moving average of 5 or 10 days will better reflect recent price movements than a 40 or 200-day moving average.Alternatively, the moving average can also be used by combining two average lines of different time spans.Regardless of the use of 5 and 10-day moving averages, or 40- and 200-day moving averages, buy signals are usually detected when the shorter-term average crosses the longer-term average upward.In contrast, a sell signal will be prompted when the shorter-term average crosses the longer-term average downwards.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD Gold 13 March - 17 March MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and Corrective Wave " AB "
Divergence
Breakout the Demand Zone and Retested
CHOCH
Falling Wedge as an Corrective Pattern in Short Time Frame and Breakout the UTL and Retracement
Break of Structure
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the breakout of the Lower Trendline and Retracement
Divergence
Break of Structure
Consolidation Phase wait until it Breaks the Upper or Lower Trend Line
Completed " wxyxz " Corrective Wave
Demand Zone
Fibonacci Level - 61.80%
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Falling Wedge as an Corrective Pattern in LTF and Breakout the UTL with Retracement
Divergence
Break of Structure
Rising Wedge in STF as an Corrective Pattern
Completed " 12345 " Impulsive Wave and Corrective " AB " Wave
Double Bottom