GOLD - TRIPLE TOP PATTERN (BEARISH)GOLD (XAU) has formed a Triple Top pattern which is a bearish pattern. This is a scenario that MAY happen. Although I am still bullish on Gold on a long term time frame.
Xauusdt
XAUUSD H4 :SETUP FOR SWINGHi Guys,
I show you an long setup but please give confirmation in low timeframe and do your own search and do your own-idea .
SecondChanceCrypto
⏰5/JULY/23
⛔️DYOR
Always do your research .
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Xauusd H4Hi guys , hope you well
My opinion is uptrend in gold nice demand
SecondChancecrypto
21/april/23
(DYOR)
GOLD, is on critical level now...GOLD is on critical level now -- after surging massively. The pressure is ON now -- and its heavy. Let's see.
Choose on which direction it will probably go, and I'm sure your guess is the same as mine. -)
KEY PRICE: 1999
TAYOR.
Pre FOMC - $XAU long setup ideaThis is my analysis and idea only. Do not take this as financial advice, and please do not base any trades based on this chart, or any content I post. These are my thoughts only. Operating in crypto is dangerous and can quickly stack up big losses. Always study, and do your due diligence.
#Xau | #UsdIn the one-hour time frame, gold is in an ascending channel, which is currently trying to break a dynamic resistance in the area of 1980.09. If this resistance is broken, the price can rise up to the key area of 2029.99 to 2071.77. The area can be entered into a short trade with different setups
XAUUSD ImbalanceThe recent price action of gold has been intriguing to many market participants, with a sharp decline in prices followed by a relatively swift recovery. A closer look at the technical indicators reveals that gold has indeed bounced back from the Anchored Volume Weighted Moving Average (AVWMA) and is now poised to head towards a state of imbalance.
The AVWMA, a variant of the widely used Moving Average indicator, takes into account the trading volume of an asset while calculating its moving average. This makes it a useful tool for traders and analysts looking to gauge the strength of a trend. In the case of gold, the AVWMA has acted as a key support level, with prices bouncing back from it in recent sessions.
Looking ahead, one of the most important factors to consider is the state of imbalance in the market. Imbalance occurs when there is a disparity between the buy and sell orders, leading to a sharp move in prices. With gold prices now headed towards this state of imbalance, traders and analysts are closely watching for any signs of a breakout.
Overall, the technical analysis suggests that gold is currently in a bullish position, with several indicators pointing towards further upside potential. As always, it is important to keep a close eye on the market and stay up to date with any news or events that could impact gold prices.
XAUUSDHello friends
We are in a very good place. After getting approval, we can enter to see which direction the market will go
Personal opinion is more for sale
Good luck
XAUUSDHello friends
You can do such a trade, but it has a high risk and a big stop, be careful
Please share your comments with us
Be successful and profitable
XAUUSDIt is placed inside a wedge pattern, which can reach 1715 and then 1680 in the first stage if it breaks
XAUUSDHello, dear friends
We took a position in the form of a scalp, now we can enter into the sale transaction
personal opinion
Be successful and profitable
XAUUSDHello friends
After the downtrend channel breaks, the price has reached a base and is placed in a wedge pattern. With the break of the pattern, you can enter into a sale transaction
XAUUSDHello friends
In the 4-hour period, our trend is upward, and the market has made a good correction up to this area, and this area can move the market trend upwards again.
In this area, we expect the market to return, nothing is certain in the market and we are only trying to predict the direction of the market with the available information and the knowledge we have!!!!
Be successful and profitable
XAUUSDHello dear friends
By reaching the resistance, we can take a sell in the direction of the trend, the probability of this situation is more than a buy, and in case of breaking the resistance and fixing above the range, we will buy a buy when we see the signal.
XAUUSDHello friends
With the current conditions, short trades are prioritized and the first target can go up to the range of 1730
In the second case, after breaking the trend line and getting confirmation, we can consider the buy trade up to the first target of 1755.
Be successful and profitable
GOLD is no longer good
We are living in the digital age, and we require digital money like Bitcoin. Shiny metal is beautiful, of course, but the internet is currently up and running.
I remember the peak on gold in 2020, when the coin stores were full of people and there were big queues in front of the stores full of retail investors.
It's not looking good for gold at all; another 17% drop is possible as per my technical analysis.
According to my Elliott Wave analysis, if we want to stay bullish on this wave count, then the bulls need to defend the 1350 USD level. We are currently in the C wave of the corrective structure.
1350 USD is a strong support because: the start of the gap from 2019 + breakout level from 2019 + Wave 1 support from 2016 + Trendline from 2015 + 200 monthly MA!
200 daily/weekly/monthly MA is considered a very powerful support by huge institutions and hedge funds.
This is a great opportunity for a swing trade in the future!
Look at my ideas about Bitcoin and crypto's total market cap in the related section down below.
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GOLD Update (double top on 4H)the double top is confirmed in here, and I believe it will drop...
check my related ideas, which I have analyzed on daily, and 4H too.
I consider all analyses performed in relation to that trade position.
Our analysis is not a buy or sell referral.
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XAUUSD Analysis (Local Setup)Hello friends.
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Everything on the chart.
if we get a local update of the top (this is important for growth), we are waiting for a correction on which it will be possible to buy at least with a target for another wave of growth.
If the update of the local top doesnt occur - setup will be cancelled.
Target zone: 1760 - 1790
Stop: ~1625 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 2
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
GOLD LONGWe have an amazing harmonic-pattern.
So, let set buy limit at 1729
SL: 1721
TP: 1740. 1750
... Risk: 0.01 by every 1k.
Gold - Major crash is prepared! -18%, channel is breaking down!
On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle.
As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down!
Next target is 1370 USD, and I think we will hit this target very quickly. After that, we want to see a strong bounce from this level, because otherwise we will go even lower!
This is a bullish Elliott Wave count, so wave 4 should not go below previous wave 1 because this may invalidate this bullish scenario.
Interest rates are growing, and so are bonds. We have a strong dollar and everyone prefers to hold cash, even with high inflation.
This is not looking good for the stock market, crypto and gold at all. But you can still make money if you open a short position on the futures market or purchase some put options.
Look at my ideas about Bitcoin and Ethereum in the related section down below.
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