XAUUSD top-down analysis, UPDATED!!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.
Xauusdtrade
Gold Short/Bull IdeaSo at the moment nothing really happened when gold went up to 1785.545 it was a cool 200 pips for a short still holding but i added some more at 1780.852 and will add even more with a 30 pip sl above 1785.545
So at the moment im looking 1780.852 to hold it down then it will need to break and use 1772.553 as a resistance and we can see it go down even more to the tp at 1733 and i will go back into calls 1724 if you want to be safe and go heavy with a 1720 sl
XAUUSD Gold Next Possible Move#XAUUSD ( Gold / U.S Dollar )
- BULLISH CHANNEL in Long Time Frame #LTF , Rejecting from the Upper Trend Line #UTL
- IMPULSE CORRECTION IMPULSE , Completed the " ABC " Correction and " 4th " Wave
- Selling Divergence
- It will Complete its " 5th " Wave at Resistance Level
- LEADING DIAGONAL as a Corrective Pattern in Short Time Frame #STF need to wait for the Breakout
XAUUSD WEEKLY SELL ANALYSISTechnical Reason For GOLD SELL
1. Closed Below Resistance 1691 and tends to retest the Yearly Low of 1664
2. Obey Downtrend Parallel Line
3. Made Bullish Enguling and make shorter HIGH TO 1692 and Bearish
Fundamental Reason
1. DXY retest the 109 and makeagain bukkish to 112
FX SIGNAL
XAUUSD SELL LIMIT 1690-1700
SL- 1740
TP- 1620
XAUUSD... Will YOU make the right decision?..So as many saw I spoke about XAUUSD various times on videos/posts/livestreams.
It is times like now that one must reflect on probability and what they have seen before. Then, you can make a Positive value decision on how you are going to trade.
That is because this is an example of an asset looking WEEK. but that doesn't make it untradeable.
Lets look further so that when this happens again you do not get burnt.
XAUUSD.. What Not To Do WrongWe previously looked long on XAUUSD.
You then had opportunity to Long X2. We are now Returning to these areas again and its decision time!
Its always a good idea to base your decision PURELY on what works. Sure, it's great if you can name what has happened but if you can make a justifiable inference based on the current price then its a little preferable...
Im talking about patterns and breakouts. things you only can confirm AFTER they have happened..
So if the price starts to fall UNDER the previous low.. Are you going to sell the lows? OR simply hold off and get long when you get a good deal...
The choice, simply, is yours!
PS. Any longs now must be Light and out FAST as we may expect a fall to 1570 maybe not now but sooner.
GOLD'S BEHAVIORXAUUSD charts shows the following signs:
GOLD has been trading under the falling trend line since march 2022 .
As we can see it's printed lower highs and lower lows trend behavior gold makes a fall of -8.82% to -10.66% and rises to 5.54% to 7.44%.
The price has been trading downward to a newer lower low which we can expect it at 1550 1560 level based on it's previous falls.
XAUUSD still bearish trend on Monday.Monday (10th Oct 22) we are looking for SELL trade opportunity and if price hit the Supply Zone then we can try to entry SELL with the Stop Loss #1 (remember always using Money Management and Disclaimer On) and set the Target Profit #1.
If the price breakout the Demand Zone #1 and then next target is price will continue its decline to the Demand Zone #2.
Trade Safe and good luck.
Regards,
MJ
Gold XAUUSDOn the 4 hours frame the Gold OANDA:XAUUSD is showing weakness which may lead to breaking the $1705 support level OANDA:XAUUSD to make the OANDA:XAUUSD heading south to the levels of $1684 as the first target also the indicators signal the weakness on the intraday frames which support the idea, this scenario can be changed if the prices went up to break the level of $1729 . OANDA:XAUUSD TVC:DXY OANDA:XAGUSD
GOLD sell the breakdown!!GOLD (4h) As expected, tested the weekly support/liquidity zone (1687.92) as resistance and rejected to the downside, and created a long doji. As the price is currently below the local bearish triangular structure, and as the long-term trend is down with multiple timeframe confirmations, another sell setup on GOLD is highly probable!
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis given to XAUUSS earlier, GOLD went down very fast, BREAKING the TREND LINE because the US INFLATION DATA was UP. Due to this, US10Y went up a lot. And US RETAIL SALES DATA also rose rapidly. It also affected GOLD especially last week. So GOLD sold fast.
We have some very important NEWS coming to the USD this week, especially tomorrow. So we have to wait a bit until we get them. The FED RATE DECISION is due this week mainly. Therefore, you should definitely pay attention to GOLD.
Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1628 LEVEL. After that, GOLD can definitely go up to 1744 LEVEL. Be careful.. xauusd