XAUUSD - GOLD - Scalping Mode! 1st AugLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Xauusdtrend
XAUUSD - GOLD - Scalping Mode! 23rd JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GOLD ( SENSITIVE AREA ) ( 4H )XAUUSD
HELLO TRADERS
Tendency , the price in the sensitive area between 2,420$ & 2,392$ .
TURNING LEVEL (1) : the price of this level at 2,420$ , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 2,392$ , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 2,442$ , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 2,475$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 2,365$$ , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 2,337$ , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : if the price corrective turning level (1) it is mean the price trying to reach a support level (1) , so if the price corrective a turning level (2) refers trying to reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 2,442$ , 2,475$ ,
SUPPORT LEVEL : 2,365$ , 2,337$ .
XAUUSD - GOLD - Scalping Mode! 22nd JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GOLD ( AFTER ATTACKING YEMEN & ISRAIL ) ( 1D )XAUUSD
HELLO TRADERS
Tendency , the price is under bullish pressure until trade above turning level
TURNING LEVEL : the price of turning level around 2,391$ , indicates the price trade above this level reach a resistance level ( inside supply zone ) , but if breaking this level or breaking FVG reach a support level .
RESISTANCE LEVEL : around 2,425$ and 2,468$ , if the price trade above turning level reach this levels .
SUPPORT LEVEL : support level between 2,331$ and 2,299$ and called ( demand zone ) , for reach this level will be breaking and stabilizing below turning level .
PRICE MOVEMENT : in the previously price rising and created a new historical peak at 2,485$ , but after breaking 2,368$ , gold started a dropping as mentioned , currently price 2,400$ , if the price trading above turning level at 2,391$ , rising to reach a resistance level 2,425$ , then stabilizing this level reach a 2,368$ , if the price stabilizing above 2,368$ maybe it will reach a new historical peaks at 2,500$ , breaking turning level reach a support level at 2,331$ , and by open 1D candle below this level reach a 2,299$ .
TARGET LEVEL
RESISTANCE LEVEL : 2,325$ , 2,365$ .
SUPPORT LEVEL ; 2,331$ , 2,299$.
GOLD ( CREATED A NEW HISTORICAL PEAK ) ( STRONG RISING ) ( 4H ) XAUUSD
HELLO TRADERS
Tendency , the price is under strong bullish pressure ,after breakout 2,440$
TURNING LEVEL : the price of turning level between 2,475$ and 2,468$ , indicates the price breaking 2,475$ reach a new resistance level or created a new historical peaks , but if breaking 2,468$ reach a support level .
RESISTANCE LEVEL : in the last chart price reach a full resistance level , know this level at 2,491$ , and 2,510$ , for reach this level after breaking 2,475$ .
SUPPORT LEVEL : support level at 2,440$ in previously this level is a resistance level but after breaking know worked a strong support level , for reach this level after breaking 2,468$ .
PRICE MOVEMENT : the price is sensitive area , yesterday price have strong rising an breakout a supply zone reach a full target , created a new historical peaks , price breaking 2,475$ rising or reach a new resistance level at 2,491$ , then reach a 2,510$ , after breaking 2,468$ reach a support level at 2,440$ it is a strong support level , breaking this level the price started a downward .
TARGET LEVEL
RESISTANCE LEVEL : 2,491$ , 2,510$ .
SUPPORT LEVEL ; 2,440$ , 2,425$ .
GOLD ( SENSITIVE AREA ) ( 4H )GOLD
HELLO TRADERS
Tendency the breakout channel , indicates under bullish pressure , as long as trade above turning level trying to create new historical peaks
TURNING LEVEL : around 2,420$ , if the price trade above this level reach a resistance level , breaking reach a support level .
RESISTANCE LEVEL : as long as the price trade above turning level at 2,420$ , reach a resistance level at 2,450 $ , then breaking this level reach a 2,457 .
SUPPORT LEVEL : if the price breaking turning level reach a support level at 2,391$ , then breaking this level reach 2,365 $
PRICE MOVEMENT : in my opinion , price directly to reach a 2,450$ , then breaking this level reach a new resistance level at 2,457$ , if the price trade below 2,450$ reach a turning level at 2,420$ , , breaking this level reach a support level at 2,391$ , my goal 2,350$
TARGET LEVEL :
RESISTANCE LEVEL : 2,450$ , 2,457 $
SUPPORT LEVEL ; 2,391 , 2,365 $
GOLD ( STABILIZING ABOVE FVG) ( 4H )HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : the price between 2,395 $ and 2,383 $ and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .
PRICE MOVEMENT : the price in previously can be breakout resistance level at 2,365$ , after stabilizing this level rising to 2,392$ , trying to retest at 2,350$ , after again rising to 2,424$ , know currently price at 2,412$ , my goal resistance level at 2,425 $ .
PRICE ACTION :
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 2,425$ , second case price corrective a turning level inside FVG between 2,395$ and 2,383$ before rising .
SHORT CONDITION : if the price breaking FVG at 2,383$ by open 4h candle below this level reach a support level at 2,364$ , then stabilizing below this level reach a 2,337$ .
TARGET LEVEL :
LONG CONDITION / RESISTANCE LEVEL :2,425$ , 2,440$
SHORT CONDITION / SUPPORT LEVEL : 2,365$ , 2,337$
XAUUSD - GOLD - Scalping Mode! 11th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GOLD ( FED CHAIR POWELL ) ( 4H )XAUUSD
HELLO TRADERS
Tendency active bullish after the price breakout the resistance trendline .
TURNING LEVEL : a blue line between resistance and support level around 2,348$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level .
RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 2,337$ , indicates buying have already increase this level , so if the price breaking turning level reach this level .
PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,348$ , after rising to the resistance level around 2,378$ , then stable above this level reach 2,391$ ,
if the price breaking turning level reach a support level at 2,337$ , then stable by open 4h candle below this level reach a 2,320$ , know the price in the supply returned to the demand zone may be reach a turning level before long .
TARGET LEVEL :
RESISTANCE LEVEL : 2,378$ , 2,391$
SUPPORT LEVEL : 2,337$ , 2,320$
Gold Shorts from 2,410 back downScenario A:
Gold is looking promising for upcoming sells within the 2-day supply zone. As price has been bullish, I expect it to slow down and weaken when approaching this supply. Once price mitigates, I anticipate a Wyckoff distribution to form, providing a precise entry for a valid sell.
Scenario B:
If price retraces before reaching the supply and enters a demand zone, I will look to buy back up towards the supply, following the current bullish trend. Key zones include the 16-hour demand zone or the daily demand zone, where I will be looking to enter buys.
Confluences for Gold Shorts:
- Price has been bullish and requires a retracement.
- Entering a 2-day supply zone that has caused a CHOCH to the downside.
- Lots of liquidity to the downside that needs to be taken.
- If price wants to continue going up, it must retest a demand zone I have marked.
P.S. Scenario C:
If price breaks past the 2-day supply and continues rallying, it will likely carry on its long-term bullish trend, potentially breaking new all-time highs.
XAUUSD ( UPWARD ) ( 4H )XAUUSD
HELLO TRADESRS
Tendency the price will trying to touch turning level before long , indicates a price is under bullish pressure .
TURNING LEVEL : a gold rectangular between resistance and support level , a round 2,317$ , which indicates two cases , the first cases until the price breaking this level reach a support level , the second case the price trade above this level reach resistance level .
RESISTANCE LEVEL : a green rectangular , an area above the turning level around 2,345 $ , indicates selling have already increase at this level .
SUPPORT LEVEL : a red rectangular , an area below turning level around 2,300 $ , indicates buying have already increase at this level .
PRICE MOVEMENT : the price is under bullish pressure until trade above turning level at 2,317 $ , it will attempt to reach resistance level at 2,330 $ , then trade above this level reach next target at 2,345 $ , if the breaking turning level reach to support level 2,300 $, then stable below this level reach next target 2,278 $ .
TARGET LEVEL :
RESISTANCE LEVEL : 2,330 $ , 2,345 $
SUPPORT LEVEL : 2,300 $ , 2,278 $
GOLD ( UNDER BULLISH PRESSURE ) ( 4H )XAUUSD
HELLO TRADERS
Tendency the price attempt to closer a resistance trendline , indicating the price is under bullish pressure , if the breaking this trendline the price stabilizing a bullish zone
RESISTANCE TRENDLINE : a gold line , indicating the price breakout this trend active bullish zone , but stabilizing below this the price attempt to reach a turning level then a support trendline
TURNING LEVEL : a blue line a round 2,326$ , which indicates two cases , the first cases until the price trade above 2,326$ reach a resistance level , the second case the price breaking 2,326$,the price reach support level
RESISTANCE LEVEL : a green line , an area above the turning level , the gold price area for the resistance level 2,345$ , selling have already increase at this level
SUPPORT LEVEL : a red line , an area below turning level , the gold price for the support level 2.302$ , buying have already increase at this level
price movement : the price is under bullish pressure until trade above turning level at 2,326$ , it will attempt to reach resistance level at 2,345$ and 2,360$, if the breaking this level the price trying to reach a support level at 2,302$ and 2,288$
TARGET LEVEL :
ENTRY POINT : 2,326$
RESISTANCE LEVEL : 2,345$ , 2,360$
SUPPORT LEVEL : 2,302$ , 2,288$
Go long gold directly
From the hourly chart, short-term bulls are strong, and the green column of the MACD indicator begins to increase, initially forming a golden cross pattern;
So you can go long directly, and the target is 2340 first. Later data will most likely further boost the gold price, and gold may continue to rise.
If you agree with my trading ideas, welcome to follow, join the channel to get free accurate strategies directly
Today's trading trends, selling strategiesThe employment and economic data released by the US last week showed both positive and negative trends. However, the fairly positive job market has caused the market to predict that the US Federal Reserve (Fed) will not cut interest rates before November this year, instead of September as previously forecast.
Experts say that world gold prices in the next few days will adjust within a narrow range to wait for information from the Fed meeting taking place on June 11-12. Surely the Fed will keep interest rates unchanged this meeting. However, the market will look for information about the health of the US economy and the direction of inflation.
Some financial institutions believe that the Fed cutting interest rates may consider the deflation situation of the world's No. 1 economy, when it twice reported the country's gross domestic product growth in the first quarter. a sharp decrease compared to the fourth quarter of 2023.
Experts recommend that investors should patiently wait for information from the Fed meeting. Because gold prices will be strongly affected when the Fed releases positive information from the US economy.
Gold fell deeply at the end of the week, the downtrend continuedWorld gold prices tend to recover with spot gold increasing by 2.3 USD compared to last week's closing level to 2,294.9 USD/ounce.
The gold market this week is forecast to have many fluctuations and the direction of this precious metal depends heavily on the consumer price index (CPI) report and the interest rate decision of the US Federal Reserve (Fed). ) and a speech from the head of the world's most powerful central bank.
Last week, the market witnessed a strong sell-off when receiving two unfavorable information. Gold lost up to 80 USD during the day, recording the strongest intraday decline in 4 years. Specifically, the price reversed when the latest report showed that the People's Bank of China did not add gold last month, cutting off this central bank's 18-month gold buying streak. The report raises concerns that gold demand will slow down in the near future.
While the market is gradually stabilizing, expectations that the Fed will raise interest rates in September are gradually fading after the US Department of Labor's employment report dealt another strong blow to the market.
The Fed started the fight against inflation from March 2022 with interest rate increases. In this way, the US Central Bank wants to slow down economic growth and reduce inflationary pressure, with the goal of bringing inflation down to 2%. Recent inflation reports show that inflation is currently at 2.7%.
Today's trading strategy, increasing trendAbout 6 o'clock on June 7, today's gold price of the world traded at 2,376 USD/ounce, an increase of 21 USD from the same price as the previous day was 2,355 USD/ounce.
World gold price fluctuated in the context of the European Central Bank (ECB) for the first time since 2019, down 0.25 points of interest rate.
This move makes the market raise expectations that the United States will continue the ECB to loosen monetary policy, in the direction of reducing interest rates in the near future. At that time, the dollar will drop compared to many other foreign currencies. World gold price can increase further in the future.
So at this time, investors increased their purchasing power. Today's gold price increases tens of dollars/ounce is understandable.