XAUUSD Top-down analysis 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.
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XAU/USD 26 August 2024 Intraday AnalysisH4 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS.
Price has printed bullish CHoCH indicating bullish pullback phase initiation.
Intraday expectation: Price is currently positioned almost in extreme of internal 50% EQ. Strong high to remain protected. Price to target weak internal low.
M15 Chart:
Again ATH Or 2475 Tomorrow? In This 4H Scenario I Only See These Levels As For Tomorrow.
Either Another ATH Or Will Reach Again To 2475.
Still Couldn't Break Daily Resistance And Fib 0.7 So Potentially A Fall Can Be Happen. But If Gold Stable Above The Current Level Of High Volume Zone (2510 - 2514) Gold Will Push up like Nothing Hold It.
For More Conformations Gold Need To Move.
1H TF Will Update After Market Move.
Happy Hunting guys
XAUUSD - will a new ATH appear after 5 wave correction?👉Now let's go to the most standard trading points for today, guys, looking at the large frame wave, I don't dare to Buy high and hold long, because I'm seeing a liquidity structure according to ICT, the candle is also a bit short for long Buy orders, looking at the wave, I also see 5 waves, so today we only scalping liquidity, now the price has gone up to 2523, I'm considering entering a continued sell scenario
👉Sell long, today Monday only bet on liquidity within the range, when betting on liquidity, SL is maximum 3 prices, TP is also from 3-6 prices, the liquidity milestones you should pay attention to for scalping today are as follows,
👉Buy Scalping pay attention to the area: 2503 SL 2500
Sell Scalping: 2517.50-2518 SL 2520
Sell Swing: 2523 SL 2527. Long-term TP
👉This is my prediction for today's direction, we still have to consider the real time, but the price zones I give above are the zones that need to be considered when entering orders or applying
RSI to catch Entry.
XAUUSD 26/8/2024 Will the uptrend continue?
Last week we saw a special increase on Friday.
- This increase confirmed the completion of the ABC correction wave and the price continued to increase.
- Looking at the current uptrend, we see a structure of short candles with weak momentum. So this could be a big wave 1 in the uptrend structure. Looking at the bullish wave structure, we see that there are 5 black waves
- Currently, I am leaning towards the black ABC correction structure
- Looking at the chart, we see that the black wave A has been completed and the price is currently completing the black wave B
- The target for completing the black wave C is I predict at the price range of 2500 - 2497 or the price range of 2489 - 2486, this will be my BUY target
- Above, we see that there is still a very strong supply zone at the price range of 2531 - 2534, this is the old peak, so if the price wants to surpass the old peak, it needs to absorb all of this supply. So I will set the SELL target down here
Trading plan:
SELL ZONE: 2531 - 2534
SL: 2541
TP1: 2519
TP2: 2509
TP3: 2500
BUY ZONE: 2500 - 2407
SL: 2400
TP1: 2509
TP2: 2519
TP3: 2530
BUY ZONE: 2489 - 2486
SL: 2479
TP1: 2499
TP2: 2509
Tp3: 2530
Gold Analysis 8-25 Price has pushed back into previous weeks price. Thursday gold took out Mon-Wed Lows and
into last Friday the 16th of August. Now doing the creepy trend back up. Quiet day for
Monday so anything can happen. CPI on Tuesday so that will be interesting. Price can either try to break the highs and make new ones or target sell side liquidity around 2469.00. Will see what London/NY session will do on Monday.
Check out my profile for more info.
Good Luck .
Plan . Plan. Execute.
risk management #1
XAU/USD 26-30 August 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has continued to print all time highs with no indication of bearish pullback phase initiation.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
I have previously mentioned that price could print further highs which would bring CHOCH positioning closer to current price and this is what price printed again, However, CHoCH positioning remains the same.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a further bullish iBOS.
After bullish iBOS we expect bearish pullback.
First indication, but not confirmation of bearish pullback phase initiation is for price to print a bearish CHoCH.
Bearish CHoCH positioning, which is denoted with a blue dotted line, and 50% internal EQ are almost identical.
We currently do not have any indication of price pulling back.
Daily Chart:
H4 Analysis:
Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
GOLD IS GONNA HIT 2600 SOONHello Guys Hope You Are Doing Great.
So Let's Dive In The GOLD.As My Expectation On Gold Elliot Wave Analise That I Publish Last Week Is Still The Same For The Rest Of the market Structure. As My Expectations Gold Has Bounce Back From The Nearest Daily Resistance (Daily RBS) After Making The ATH Last Week And Now Again At The Level Of Last Daily Resistance.
There's A Higher Chance To Break The Daily Resistance On Monday Or Tuesday Next Week. If Only Break this Daily Resistance Gold Will Push Up Maybe Without A Pullback Fore At Least 500 - 1000 Pips On Straight. Because Powell Show A Green Light For The All Markets With Last Week Speech That Indicate That In The Near Future The Will Be Interest Rate Cuts But If Not Gold Will Touch The SWAP Zone Faster Then Ever.
So This Is My Next Week Expectation On Gold.
Wait For More LTF Analise Soon.
XAUUSD GOLD Mines Bullish Robbery Plan To steal the GoldMy Dear Robbers / Traders,
This is our master plan to Heist XAUUSD GOLD MINES based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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XAU Upcoming Analysis Analysis:
1. Trend Change: The chart shows a sharp rise followed by a pullback, indicating that the strong bullish momentum has paused. The price then experienced some volatility, with lower highs forming after the peak.
2. Support Levels:
• The price tested the 2483.25 area, where it found support before attempting to move back up.
• The price is now approaching the 2497.15 level, which could act as a potential resistance or pivot point.
3. Resistance Levels:
• The peak near 2530.05 marks a significant resistance level.
• Intermediate resistance may be observed around 2506.80 and 2512.50
XAUUSD Strong Bullish Bias**Monthly Chart**
Last month's XAUUSD (Gold) candle closed as a large bullish candle after creating a new record high shy of the 2,500 level (round number). This indicates that traders will try to push the price higher to break the record high. This is in line with geopolitical reasons happening in the Middle East at the current moment.
This month's candle, which is still active, tested 50% of last month's candle and tried to push higher again after a large sell-off on Monday—5th August 2024.
August monthly candle is still bullish and recorded an all-time high at 2,531.76
**Weekly Chart**
Last week, the candle closed as an indecision doji candle, after recording a new high on 20th August. However, the long-term bias is still bullish, and there is a high probability that XAUUSD will reach a new high in the coming weeks. The price tested 50% of FVG candle of the previous week at around 2,470 then pushed higher after the Fed Chair Power's speech during the Jackson Hole Symposium on Friday.
**Daily Chart**
Last Friday's candle closed as a bullish manipulation candle (or Order Block candle), after testing the IPA (FVG) the previous day and moved higher.
All time frames are aligned, and a higher move for XAUUSD is suggested. I will only look to buy at retracement with good risk parameters for a target above the 2540 level.
Look for entry points from lower time frames such as 4H and 1H.
XAUUSD (GOLD), falling to support.Hi everybody. Gold bears waiting to start shorting process. They accumulated between 2500.0 - 2516.0 then sold some part and now waiting to sell again.
I mark all interesting market prices for you. Falling to 2487 in near time. Have a nice trading day and thanks for your boost!
XAUUSD: Bullish Momentum Meets Resistance; Key TP at 2495.88Descending Channel:
The price action was moving within a well-defined descending channel, indicating a short-term bearish trend.
The upper and lower boundaries of the channel have been respected multiple times, reinforcing the pattern's validity.
4H LQZ (Liquidity Zone) at 2,501.592:
The price reached the 4-hour Liquidity Zone around 2,501.592 and failed to break above it, indicating strong resistance at this level.
After touching this resistance, the price started to decline, suggesting that sellers are stepping in at this level.
Daily LQZ Support at 2,470.753:
The price is currently moving towards the Daily Liquidity Zone support at 2,470.753, which aligns with the lower boundary of the descending channel.
This level will be critical to watch, as a break below could lead to further downside.
Take Profit Consideration at 2,495.88
Previous 5-Minute Chart Analysis:
Based on your previous analysis, taking profits around 2,495.88 was recommended as it was the bottom of the ascending channel on the 5-minute chart.
This was a strategic level for profit-taking, given that the price has now moved below this level.
Post-Analysis:
After the price failed to sustain above the 4H LQZ at 2,501.592, it started to decline, confirming the decision to take profits at 2,495.88.
The price has now moved lower, validating the take-profit strategy and highlighting the importance of recognizing key levels in multiple time frames.
Immediate Outlook:
Short-Term Bearish Momentum:
Given the rejection at the 4H LQZ and the subsequent decline, the short-term outlook remains bearish.
The next key level to watch is the Daily LQZ at 2,470.753. If this level holds, it might provide a bounce opportunity; however, a break below could lead to further selling pressure.
Price Targets:
Downside: The immediate target would be the Daily LQZ at 2,470.753, which aligns with the lower boundary of the descending channel.
Upside: If the price manages to break above the 4H LQZ at 2,501.592, it could challenge the upper boundary of the descending channel.
Conclusion:
Taking profits at 2,495.88 was a prudent decision, given the subsequent price action. The chart shows that the bearish trend is intact, with key support levels to watch on the downside. It’s essential to monitor the price around 2,470.753 for potential reactions, as this will determine the next significant move in the XAU/USD pair.
XAUUSD - GOLD - Scalping Mode! 23rd 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!
XAUUSD: Gold prices will continue to reboundGold price can be bought when it retreats to 2496-2491. Investors with large funds can enter the market in advance.
tp2510.
sl2480
Risk events continue to ferment. Gold prices hit a new low of 2470 and then continued to rebound sharply. It has now risen by 30 US dollars.
Many people are often blind in their operations. But members who continue to pay attention will know the accuracy of my signals. This week is another week of big profits.
The trend of buying high and selling low is always correct. Don't scalp trading. That's very risky. Especially for novice friends.
At the same time, trading mentality is often a major reason for everyone's trading failure. So if your trading mentality is not good, then your trading will fail.
But here, whether you are a novice or a person with rich trading experience, or a person with a bad mentality, you can get my precise guidance to make better transactions. Because trading is to make greater profits, rather than to expand losses in anxiety. Follow me. Make trading easier.
XAUUSD:23/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2514, support below 2470
Gold operation suggestions: Gold was under pressure around 2515 yesterday, and retested to 2470. It broke the previous day's starting point of 2485. The strong market broke the low and turned into a volatile consolidation market.
The overall price showed a stage head pattern at the 2530 mark. The daily level was suppressed below the 2520 mark for two consecutive trading days, showing a weak oscillation and decline. Today, the upper strong resistance pressure focuses on the 2500 integer mark. The intraday pullback relies on this position to continue to be short and follow the trend to fall. The lower target continues to focus on breaking the new bottom.
BUY:2484near SL:2480
SELL:2500near SL:2505
SELL:2514near SL:2519
Technical analysis only provides trading direction!
Will Gold Fall To 2450?Okay Here Is My Today Intraday Plan For Gold Today.
I Wanna Sell Gold Between 2501 - 2507 Zone.I'm Gonna Wait For Market Make The Move First For More Setup.
Currently Price At My First Sell Zone.But This Zone And Time Isn't Comfortable For Me.
So I'm Waiting 😌
If There Any Good Setup I'll Update 😎
XAUUSD:Longs closed in the 2488-2496 range
Gold started to rebound after touching the support near 2482-2473. It is still in the rebound stage. From the graph, the resistance of the rebound should appear near 2488-2496. At that time, we need to pay attention to the breakthrough of the resistance.
I think the probability of a direct breakthrough is not high, because when it falls below 2500, it has become a strong resistance again. If you want to return to above it, you need to accumulate strength. Therefore, in the process of long trading, the TP setting should not be too high, and it can be controlled in the range of 2488-2496.
Making money is not something that can be achieved overnight. You can't have the mentality of getting rich at once. A step-by-step trading method will reduce risks, and steady trading can allow us to survive in this market longer.
XAU/USD 23 August 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
After an iBOS (Internal Break of Structure) we expect a bearish pullback.
Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation
Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS.
Bullish CHoCH positioning is denoted with a blue dotted line which is in premium of 50% EQ, therefore, if price reaches 50% EQ I will be happy to confirm internal low.
Price is reacting from M15 supply zone.
Intraday expectation: I would expect price to print into premium of 50% EQ before targeting weak internal low, however, price is reacting to an M15 supply zone.
M15 Chart:
XAUUSD 23/8 has the uptrend started?
Looking at H1 we see
- Yesterday we saw a sharp decline after the PMI news, the price reached our BUY Entry, up to now we have a 190 pips victory, congratulations to all of us.
- Now looking at the uptrend we see a 3-wave structure, on the other hand we see that yesterday's downtrend has the characteristic of sharp and fast movement, so we expect wave 3 to have formed and currently the price is correcting wave 4.
- With the target of wave 4 I measured, wave 4 has reached the price target and now we are waiting for wave 5 to complete.
- Wave 5 is confirmed when the price breaks through 2470.7 and the target is measured at the price zone of 2460 - 2457
- Because the price zone of 2470 is also the target price zone of wave 5 that we measured from the previous day's plan, we cannot rule out the possibility that the downtrend structure has been completed and it is confirmed if the price does not break through the 2470 zone. Then the price will continue the uptrend.
Our trading plan will aim to BUY when the price breaks through 2470
BUY ZONE: 24600 - 2457
SL: 2450
TP1: 2470
TP2: 2486
TP3: 2498
SELL ZONE: 2499 - 2502
SL: 2509
TP1: 2486
TP2: 2479
TP3: 2470
SELL ZONE: 2531 - 2534
SL: 2541
TP1: 2519
TP2: 2501
TP3: 2486
ENDING DIAGONAL ! CORRECTION OR KEEP PUSHING UP ? Last Friday Gold Make The History Again By Making New ATH And That The Psychology Level Of 2500 , And All The Way Up To 2509.8 Marking As New ATH (For Now) By Closing Above 2500 Weekly/Daily And 4H Candles Strongly.
What drives Gold Now ?
No Any Good Resistance
Fundamentals Are Good For Gold
War Is Still Going On
But As My Simple Elliot Wave Annualize Gold Has Make A Ending Diagonal Pattern Here. Ending Diagonal Is Indicating A Reversal Sing Of Gold If Follow Technicals. But Have A Doubt About That Because Of The Behavior Of The Gold Is So High Demand As Same Time. If The Diagonal Break Is Solid Gold Can Again Make A Motive Until Price Reach 2650 .
Will See On Next Week What Will Happen.
Wait For More Update