Symmetrical triangle with bearish bias in XAUUSDXAUUSD H4 making a symmetrical triangle with bearish bias as there was bearish harmonic pattern with bearish divergence at the last HH and also the last HL is broken so most probably gold will go bearish if symmetrical triangle is broken downwards however, we should plan our entry at the break of Last LL i.e 1969.
Xauusdtradeidea
XAUUSD LONGAs price keeps making higher highs, wait for the price to come to the liquidity zone, and BOOOOM
take a long trade and book some profits.
Keep in mind that gold has one liquidity zone left at very bottom. Price has to come to that point to collect all the liquidity from that point so always use Stop Losses and yea before that book some profits. ;-)
Happy Trading.
GOLD SHORT TERM INTRADAY IDEAIntraday analysis - GOLD - ( 9 MAR 2023 )
Price is currently ranging with relatively low volume in preparation for tomorrow's high impact news. This is very common as before a high impact news like NFP / FOMC , price of gold tends to consolidate and have choppy price action.
I am expecting good data for NFP whereby based off PMI we have good data and PMI is generally used as a reflection of how good NFP would be. However this is still just a gauge and waiting for data to release is a wiser option.
My analysis stands with
HRHR SELLS AT 1828
MRMR SELLS AT 1820
SAFEST SELLS BELOW 1812
Note that if we fail to break the lows at 1809, scale out or leave a small runner
However if we break the intraday high at 1823, we can potentially head towards 1828 and a break of 1828 we can head towards 1832.
HRHR BUYS AT 1823
MRMR BUYS AT 1828
SAFEST BUYS ABOVE 1832
Based off all the key fundamentals this week , from ADP , JOLT JOBS , FED CHAIR TESTIFYING , USD dominance is back and i will be playing by the fundamentals backing my trade hence my bias i shorts.
However if the employment data released tmrw is bad , do expect a higher retracement to greater sell side liquidity or even a potential shift in market sentiment. An updated analysis will be given after NFP on Monday. Personally i need a new low to be printed on Gold for more confirmations that price will head lower in the coming weeks.
ADVICE : DONT TRADE HIGH IMPACT NEWS. CAPITAL PRESERVATION IS KEY AND TRADE OPPORTUNITIES WILL ALWAYS BE THERE AFTER THE NEWS.
XAUUSD:Weak upward momentum,1820 short
After each wave of market activity, successful traders reap joy, profits, and experience, while unsuccessful traders face sadness, losses, and lessons. The same market, the same time, but different results. Which type are you? If the direction is right, the road ahead is not daunting. Witness your strength with time, win the future with your abilities, let trust become profit, and dispel doubts with profits.
Powell said that the terminal value of interest rates may be higher than expected, and the central bank is prepared to increase the pace of rate hikes if necessary. Powell emphasized the theme of "slowing inflation" in a speech a month ago, changing the aggressive tone following the release of U.S. employment data. The increase in hawkish sentiment has pushed the U.S. two-year Treasury yield to its highest level since 2007, which may put pressure on precious metal prices.
The probability of the Fed raising rates by 50 basis points at the March rate decision has increased. Currently, the implied terminal rate for the federal funds rate futures is 5.63% (expected to be reached in September). This is up from 5.48% before Powell's testimony and only 5% at the end of January. The terminal rate is expected to be nearly 100 basis points higher than the current Fed policy rate of 4.5%-4.75%.
The focus of the market is currently on U.S. employment data, which will be released this Friday, and U.S. CPI data next week. Non-farm payroll employment in February is expected to increase by 224,000, slowing down from the 443,000 in January, while the unemployment rate is expected to remain near its 50-year low of around 3.4%. The CPI in February is expected to slow down to 6.0% from 6.4% in January, but the core CPI may still stabilize at 0.4% monthly. Better-than-expected U.S. economic data may continue to put pressure on precious metals.
During the super data week, technical analysis often appears to be ineffective because the market is always driven by the main funds. Today's operation strategy is mainly short on rebounds, and the bullish trend has been seriously affected. Short-term bulls are weak, and it is recommended to follow the trend.
Personal operational advice: short near 1820, with a focus on targets of 1810-1804. I will continue to monitor the trend of XAUUSD, and update the strategy as needed in a timely manner. Please stay tuned.
Can XAUUSD break through 1860?
Today's market saw a strong downtrend due to Powell's speech causing a strengthening of the US dollar and market bearish sentiment. The price has deviated from its technical trend, but I personally expect the market to eventually return to a technical trend. Our long positions entered at 1830 are still being held, and for friends with larger capital, additional long positions can be added near 1820. I am optimistic that a good rebound trend will emerge after the negative news is digested by the market.
As emphasized at the beginning of this week, there will be a lot of data and news to focus on. I will continue to update the strategy and please stay tuned.
XAUUSD: Long position at 1830-1835
A person, a book, a cup of tea, and a dream. Sometimes, loneliness is so moving, and only at this moment can the world be so calm. The cool wind blows the pages of the book, and the smoke and rain permeate the dusty words and stories in the book with a moist breath. Leaning alone at the window, watching the blue-stone alley at the corner, an oil-paper umbrella that has been missed for a long time, covering the time that passes under the eaves.
There is not much to say, the overall trend of XAUUSD is consistent with my expectations. At the weekend, I suggested a short-term position followed by a long position. This week, there has been a downward adjustment mainly due to the overall rise of $50 in XAUUSD last week, and there is a technical demand for a correction. After closing the profit of the short position, we can re-enter the long position to gain profits.
Personal suggestion: Enter the long position at 1830-1835, and focus on the target of 1850-1860. Pay attention to the support at 1830 below. I will also update the latest operational ideas in a timely manner, please keep paying attention and leave me a message if you have any questions.
XAUUSD:Short first then long on opening
After every market wave, successful traders reap joy, profits, and experience, while unsuccessful traders face sadness, losses, and lessons. Same market, same time, different results, which one do you belong to? If the direction is right, the road is not daunting. Time witnesses strength, and strength wins the future. Let trust become profit, and profit dispel doubt. The market changes rapidly, same candlestick, different perspectives, different results. Facing the ups and downs of candlesticks, are you confused, afraid of rising, and falling? Plan your trades, trade your plans. The road to success is simple. With a clear understanding, you can be at ease. The market offers many opportunities, it depends on whether you can seize them. If you are always hesitant and confused when facing opportunities, you might as well follow my rhythm and see if it can enlighten you.
XAUUSD formed a double bottom support on the hourly chart, and the moving averages formed a bullish cross, indicating a clear bullish signal. The opening is expected to test the 1860 resistance level, then break through the previous high after a dip. The main idea for next week is to follow the trend and buy on dips.
Personal trading plan: Short at 1860, with the first target at 1850, the second target at 1840, and stop loss at 1870. Buy again at 1840, with the first target at 1855, the second target at 1870, and stop loss at 1830.
Next week, it is important to pay attention to the ADP and NFP data, as this data will greatly impact the XAUUSD trend. Please focus on it, and I will also help analyze the data situation. If there are any changes in the market, I will update the strategy in time. If you have any questions, please leave me a message, and I will give you the safest strategy.
FOREXCOM:XAUUSD
XAU NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 UoTrend in Green (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
White trend is a trend broken that was in my last publication.
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 that represent tight stoplosses or support and ressitance levels from the past to show old publications.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
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XAUUSD on its way to recent high of 1949So the price action is according to the plan shared in the last post. The price bounced from 4h support. The price did not quite actually touch the price I marked, but was very close and skipped it by 1 dollar.
Now as mentioned before, price will move higher from here and will clear the recent high of 1949.
XAU NEAR FUTURE PREDICTIONS(DailyChart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Uptrend Trend in Green (Long Term)
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 that represent tight stoplosses or support and ressitance levels from the past to show old publications.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
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Exercise Proper Risk Management
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 GOLD DROP MORE ?`In the daily time frame gold was in sell off trend and in friday break its support of 1660 level and now respect its support trend line in 1h smallar time frame and we expect on monday open that price retrace to its previous support now test as a resistance and than after closing bearish on 1h we have a good short sell trade in gold xauusd for the target of next support level coming according to price action which is 1623 and the low of sep 1615 strong level of support according to daily time frame and expected that price bounce to upside from this 1615 level. if on monday price break coming market structure resistance than wait for the range of 1660 level and after sell closing on 1h good setup to short on gold for the target of 1645 1640 and this week target is 1623-1615 level.
The technically gold is in down trend and bearish market also fundamentally dxy dollar index is strong due to strong cpi numbers and hike in interest rate desicioun from the federal reserve fed/.
GOLD Daily Roadmap 12 Oct '22We are waiting for the confirmation.
If price breakdown Demand #3 then Scenario A might happen or else price going up to Resistance 1681 and if breakout Resistance, then wil continue up until Supply #1 @ 1695 - 1700.
I will update later in this idea.
Thank you.
Good luck and have a nice trade.
/MJ
💰GOLD analysis in Daily time frame🔥⭕You can see gold analysis in daily time frames(XAUUSD _1D)🧐
🔰Due to the downtrend of the price since 2070 and the presence of the price in the support🧡 line area❗❗ If the price can break the black downtrend line and stabilize above it, in Pullback❗ the price to the support🧡 line and the downtrend🖤 line can be bought and there is a possibility of the price climbing to the SUPPLY zone🔺
But if the price can break the black🖤 uptrend line and stabilize below it, in Pullback the price to the black🖤 uptrend line and the orange🧡 line (supporting the resistance) can be for sale and there is an expectation of a price down to the DEMAND zone🔻
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
⭕Best BUY & SELL areas GOLD 💣🧨🔰You can see the gold analysis in the 15-minute time frame (XAUUSD_15min)🔍
✴️As is evident in the picture, the price is falling❗❗ The price can perform an uptrend up to the resistance🧡 line and downtrend🖤 line in the overlap of the DEMAND area and the uptrend🖤 line and 61.8% retracement fibonacci 💜 (from point A_B). If it breaks the resistance🧡 line upwards, it can climb to the SUPPLY range, if it can also break the mentioned SUPPLY range upwards, it can have another upside to the next supply range🧐🔺
But if the price can stabilize itself below the uptrend🖤 line, it can have a downtrend to the DEMAND range🧐🔻
which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
____________📈TRADER STREET📉_______________
GOLD NEAR FUTURE PREDICTION(4H Chart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color which we have currently BROKEN
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 (4H Support level) or levels that were respected from the past (4H Resistance level).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
⭕️SELL GOLD : its time to sell😉 ❗️🔰You see the analysis of the gold in 15 minutes( XAUUSD , 15 m) ❗️🔎
🔰SELL XAUUSD at 1898
✅TP ; 1885 (+1300 pips)
❌SL ; 1902.5 (-450 pips)
📊R/R ; 0.34 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
⭕️Best price to BUY GOLD 😉 ❗️🔰You see the analysis of the GOLD in 1 hour ( XAUUSD , 1H) ❗️🔎
🔰BUY Limit XAUUSD at 1950
✅TP ; 1984 (+340 pips)
❌SL ; 1940 (-100 pips)
📊R/R ; 0.29 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰In the image you can see the behavior that the price has done up to this hour. Due to the price collision with the white bullish resistance line, the gold price has fall. The best area for buying gold is at the cross of the previous demand range (purple range) and orange support line, which has already been reacted to by the price approximately 9 times, and the white channel uptrend line (which forms the bottom line of the bullish channel)❗️❗️👌
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
XAUUSD (GOLD) price action with cloud and trendlineGold continues to trade lower on de-escalation of tension between Russia and Ukraine. Markets await Fed monetary policy this week for further direction. Any 50 basis point rate hike will pull yellow metal don below $1900.
Technical:
The near–term support is around $1960, violation below targets $1925/$1900. Significant reversal only below $1875.The yellow metal faces strong resistance of $2020, any violation above will take to the next level $2050/$2075.