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Xauusdsignals

Gold- New visit to previous low?In my yesterday's commentary I said that "bears have won the battle" and, after yesterday's price action, this seems pretty clear. The intraday correction was met with strong selling in important 1680 resistance and the price dropped quickly in support giving us clues that the pressure remains on the downside. Technically, as said, the 1680 zone offers resistance and bears can target the 1620 zone (or the previous low) for their trades. I'm bearish as long as the price stays under 1700 in closing day terms and I'm looking to sell rallies My yesterday's analysis:
OANDA:XAUUSDShort
by Mihai_Iacob
23
XAUUSD Fierce battle on the 1W chart.Gold (XAUUSD) closed last week above the 1W MA200 (orange trend-line) but so far it started this week with a heavy drop back below it. This analysis shows a potential long-term Channel Down pattern on the 1W time-frame, which can extend the rebound that started two weeks ago after the price nearly touched the bottom (Lower Lows trend-line) of the formation. Basically so far in terms of both MACD and RSI, it resembles the bearish leg that formed the first Low of the Channel on the week of March 15 2021. Notice also that two weekly candles ago, the price also hit the 0.5 Fibonacci retracement level (High Aug 03 2020, Low Aug 13 2018). The previous Low rebound broke within the 0.5 - 0.618 Fib Zone from the prior High, also above the 1W MA50 (blue trend-line), which is now within 1807 - 1852. As the long-term trend and the US10Y, DXY correlations weigh more towards a bearish Gold sentiment, it may be best to engage after a confirmation. And right now the best you can get would be when the 1W MACD makes a Bullish Cross (green arrow). Failure to do so, will break below the Channel and invalidate the pattern, in which case we can target the 1W MA300 (red trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
1
XAUUSD First time to hit the 1D MA50 in 1.5 month. What next?Last week (September 28) we posted our usual 1D Gold (XAUUSD) analysis, calling for a buy after the metal completed a -10.60% drop from its previous Channel Down High: As you see the price action validated that projection and Gold finally hit yesterday the 1D MA50 (blue trend-line), which was our immediate target. That was the first time this MA level got hit since August 17. Notice how this rise broke above Channel Down (1) (blue one) and has effectively confirmed the emergence of Channel Down (2) (green one), that we talked about on last week's analysis. So how will Gold trade now? From a 1D MACD standpoint, the sell confirmation comes when it forms a Bearish Cross. That has been a consistent Sell Signal throughout the whole year. Even though we are near the top of Channel Down (2), it is best to sell either on the 1D MACD signal or if we break below the 4H MA50 (red trend-line), which is again consistent with how the previous downtrends began. We are only willing to buy if the price breaks above the 1D MA100 (green trend-line), which is intact since May 06 and target the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
3
XAUUSD Potential Bearish Cross. Short-term trades.Gold (XAUUSD) has turned sideways after breaking above the 4H MA50 (blue trend-line), always within the Bearish Megaphone pattern that started after the August 10 High. We have a potential Sell Signal emerging as the 4H MACD is close to forming a Bearish Cross. As this chart shows, every such Bearish Cross has been a Sell Opportunity since August at least. If you are a short-term traders, it would be best perhaps to engage upon confirmation and that would be if the price breaks below the 4H MA50. In that case, we can target the 1,641.10 Low of September 29 and the 1614.50 Support in extension. If however the price breaks above the 1688.50 Resistance (previous High), it would be an upwards breach of the Bearish Megaphone and most likely the 4H MA200 (orange trend-line) at the time, in which case we will set the 1D MA50 (red trend-line) as Target. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
2
XAUUSD | Perspective for the new week | Follow-up detailsGold plunges to a new two-year low below $1,640 during the course of last week's trading session to set the tone for the risk of further decline in price. As the Greenback continue to soar, I want to see how price action is going to relate to the current structure identified on the 4H timeframe before making an informed decision next week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSDShort
by darcsherry
XAUUSD SHORTw; bearish trend line which got rejected from a very strong s/r daily; bearish, the price is being rejected from a s/r, zone which acts as a previous structure 4h; bearish and its ranging, still need it to break bellow the s/r the structure and bellow 50/20ema's then I can go to the 1h to look for an engulfing candle breaking below the structure and the zone and below the 200/14/5 ema stops above the structure tp next structure sentimentally; 46% short which is good
FOREXCOM:XAUUSDShort
by Ily14
3
XAUUSD Strong buy signal ahead------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Gold (XAUUSD) has been trading within a long-term Channel Down (1) since the March 08 2022 High caused by the Ukraine - Russia war. A distinct characteristic of this pattern is that its Lower Lows completed a -10.50% decline from the previous Lower High. Today's low completed another -10.50% decline from the August 10 High and if the pattern continues to replicate this characteristic, then we should see a 3-4 week rise. The previous two rises towards the top (Lower Highs trend-line) of the Channel Down (1) have both hit the 1D MA50 (blue trend-line) and reached at least the 0.382 Fibonacci retracement level, with the most recent even reaching the 0.618 Fib. On the current sequence, the 0.382 Fib is at 1690, while the 0.618 is at 1734. If the latter is hit, then that would break the Channel Down (1). We can see however a new Channel Down (2) pattern (green lines) that can match this projection. Notice also the consistent signals that the 1D MACD has been providing since March 14. Every MACD Bearish Cross has been an accurate Sell Signal, while a Bullish Cross has been a Buy Signal. We might have a Bullish Cross within the next 2 days. That would confirm the 3-4 week rise. Note for long-term traders: A closing above the 1D MA200 (orange trend-line), can change the trend from bearish to bullish long-term. ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
5
XAUUSD Channel Down bottomed. Potential short-term buy.Gold (XAUUSD) following the rejection on the 4H MA50 (blue trend-line), which is the short-term Resistance, hit and even marginally broke today, the bottom (Lower Lows trend-line) of the Channel Down since the August 10 High, which technically defines the medium-term bearish trend. The recent Lower Lows though have been formed while the RSI on the 1D time-frame has been holding its Support Zone. The last time we saw that pattern was during the July 06 - July 21 Lower Lows. The RSI then bounced on its Support Zone and Gold rallied to its 0.618 Fibonacci level that was eventually the August 10 High. As a result, we are willing to buy today's bottom rebound on what seems to be the early stages of a short-term rally. We are setting short-term targets and only if broken we're willing to move to the next one as the long-term trend remains bearish. As such the first would be the 4H MA50 (blue trend-line), following by the top (Lower Highs trend-line) of the Channel Down. If we close a day above it, then we can move to the 4H MA200 (orange trend-line) and the 0.618 Fib (1738.50) in extension. ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoyed this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant and support me and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------------------ You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------------------ 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
3
GoldViewFX - WEEKLY CHART UPDATEHey Everyone, Please see weekly chart update As advised last week 1710 Goldturn was being challenged by weekly chart EMA5. EMA5 cross and lock below 1710 would confirm movement to 1589. However, we identified a weighted Goldturn before that at 1622, which is now open and can act as support. This zone is a strong support structure for the weekly setup We now also have the MA200 touch, which we have been waiting for. MA200 may now provide some dynamic support to EMA5 for a Bullish recovery. However, a crossover with EMA5 will see further movement down. As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
7
XAUUSD Following the Rate High. Will it really rebound??Gold (XAUUSD) despite the enormous volatility after the Fed Rate Decision yesterday (0.75% Rate Hike), held the 1653 Support. At the same time though it held and got rejected on the 4H MA50 (blue trend-line), which is the short-term Resistance. Technically, the medium-term trend (as well as the long one) has been bearish within a Channel Down since the August 10 High. As long as its top is not breached, the short-term target is the bottom (Lower Lows trend-line), limited on the -0.236 Fibonacci extension (1616). The recent Lower Lows though have been formed while the RSI on the 1D time-frame has been holding its Support Zone. The last time we saw that pattern was during the July 06 - July 21 Lower Lows. The RSI then bounced on its Support Zone and Gold rallied to its 0.618 Fibonacci level that was eventually the August 10 High. As a result, we are willing to buy the break above the current Channel Down and target first the 4H MA200 (orange trend-line) and the 0.618 Fib (1749) in extension. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
2
XAUUSD | Perspective for the new week | Follow-up detailsThe Greenback remains firm and strong ahead of the FOMC meeting this week. During the course of last week's trading, we witnessed a significant breakdown of the demand zone at around the $1,700 area to incite a bearish signal. So, is the price going to retest the $1,700 zone to confirm a selling momentum or will there be an opportunity to buy right above the $1,700 this week? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
OANDA:XAUUSD
by darcsherry
7
XAUUSD Trading plan after the key 1680 break!Gold (XAUUSD) broke the 1680 long-term Support level last Thursday, a level that has been holding since March 08 2021. As we mentioned last week, the continued rising bond yields are a main reason of this market breaking this psychological Support. On today's analysis, we will focus on the 1D time-frame and how to trade the medium-term under the new dynamics. First, the 1680 break came after a rejection on the 1D MA50 (blue trend-line), which technically adds up to the downtrend. This shows that the major market participants never intended to allow Gold to break upwards. In addition, we see the price today being rejected on the 1680 level, on its first test as a Resistance. On the short-term, this adds more weight to the selling side as it discourages dip buyers. If the conditions don't change, we expect a new bearish leg that can reach as low as the 1.5 Fibonacci extension on the medium-term, which is at 1618.50. We are modeling this out of the bearish sequence of mid-January 2021 - early March 2021, which as you see had a similar set of parameters: fake out above the 1D MA50 (circle), followed by an instant sell-off and a dead-cat-bounce that was rejected on the 1D MA50, which only gave way to the final 1.5 Fib flush. Notice how the MACD on the 1W time-frame between the current sequence and that of 2020/21 are similar. On the other hand, a new break above the 1D MA50, will most likely not be a fake-out this time and since it will break above the Lower Highs trend-line of the March 08 2022 'Ukraine-Russia' High, it should be enough to reverse the medium-term towards the 1808.50 Resistance. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSD
by TradingShot
2
XAUUSD Crashing! Huge long-term bearish breakout! Caution buyersGold (XAUUSD) is crashing today as it broke below the 1680 Support, which is a level that got test 3 times since March 2021 and held. This is a major bearish break-out for the yellow metal and comes to confirm the analysis we posted 2.5 months ago on July 01, that went under the radar: That was when we warned that Gold could be on the brink of collapse as on the 1M (monthly) time-frame, it has broken below its 1W MA100 (red trend-line) in a pattern similar to February 2013. Well the 1W MA100 was never recovered and today this is a confirmed bearish break-out, giving us the opportunity to update on that analysis. This time, we have added the U.S. 10 year bond yield (US10Y displayed by the green trend-line), which in our opinion is the fundamental reason behind Gold's sharp selling. As this correlation shows, every time the US10Y was rising aggressively, Gold followed a negative correlation and was dropping aggressively. We have depicted those mini moves (on the 1M scale, otherwise they represent multi month moves). The current move though is a major one, even for the 1M scale as it is getting extremely close to the 1M MA50 (blue trend-line), which has basically been the pivot within this 11 year Channel. In April 2013, the break below it saw the price extending the selling sequence below the 1M MA50 for the next 3 years that only broke above it again in June 2016. This is a potential scenario if Gold closes below the 1M MA50 and gets rejected on it upon re-test. This time however we have the 1M MA200 (orange trend-line) coming in strongly (currently at 1292 but rising rapidly), which has been untouched since August 2003 and can make contact with the price around the 0.786 Fibonacci retracement level, assuming the trend continues. This is also in-line with the 1M RSI, which as you see is within a Channel Up since the 2011 High. As a result, we may see this time a rebound just before we hit the 1M MA200. Back to the US10Y, like we said, the more it keeps rise, the lower it will push Gold. The reason is that the bonds are also a steady and safe asset, thus a direct competitor of Gold, which at the same time offers yields. It is reasonable to see risk-averse investors flee Gold and move capital to bonds as long as the yields rise. So what can be next now? We saw in December 2013, that even though the US10Y reversed downwards, Gold didn't stage a rebound but instead entered this 3 year structured sell sequence below the 1M MA50. It appears that the US10Y is preparing for that move in the coming months. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDShort
by TradingShot
4
XAUUSD Double bullish break-out. One last level to go.Gold (XAUUSD) offered us a great double trade following our previous analysis, as first it was rejected on the 4H MA50 (blue trend-line) back near the multi-year Support and the rebounded back to the Lower Highs trend-line of the August High: Now the price broke above both the 4H MA50 and the Lower Highs trend-line and as expected, is consolidating around the Pivot Zone. The last time it did so for that long was from July 22 to July 27. With the 4H MA50 holding as Support, the price then had a 2-week aggressive rally to the 1808 High, which is now our Resistance. We expect a similar consolidation before another strong rally. The 1D MA50 (red trend-line) is now the Resistance to beat which will break that consolidation. Notice also how the RSI on the 1D time-frame has been rising since the September 01 low on the Oversold Zone. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
FX_IDC:XAUUSDLong
by TradingShot
1