XAUUSD Gold Technical Analysis and Trade Idea👉 🔍 In this video, we take an in-depth look at XAU/USD (Gold). Recently, it broke structure on the daily time frame with a strong bullish move toward previous resistance levels. However, on the 4-hour chart, we're seeing a pattern of lower highs and lower lows, indicating a short-term downward trend. Despite this, the price appears to be holding steady, and I'm monitoring for a potential bullish breakout. If the price breaks resistance and retraces into the 50%-61.8% Fibonacci zone, it could present a buying opportunity.
As always, this video is for educational purposes only and should not be considered financial advice. It's important to understand that these insights are speculative and not a guaranteed forecast. Confirm specific price actions before making any trades, as discussed in the video. The analysis covers the current trend, market structure, and price behaviour in detail. Remember, this content is educational and doesn't guarantee success. Trading carries significant risks, so always use strong risk management strategies. 📊✅
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XAUUSD 13/8/2024 Has the Downtrend Started?
Yesterday was an unusual bullish day, although we had profit with sell orders, the price increased to the 2476 area, which gave us an extended yellow wave 5, which also means that the black wave 3 has been completed
- Currently the price is in the 4th wave correction, we expect a yellow ABC correction and this is an opportunity for us to trade in the direction of wave 5.
- Trading plan
BUY ZONE: 2442 - 2439
SL: 2432
TP1: 2450
TP2: 2458
TP3: 2469
BUYZONE: 2435 - 2432
SL: 2425
TP1: 2440
TP2: 2450
TP3: 2458
SELL ZONE: 2470 - 2473
SL: 2480
TP1: 2458
TP2: 2450
TP3: 2442
SELL ZONE: 2492 - 2495
SL: 2502
TP1: 2476
TP2: 2469
TP3: 2458
#XAUUSD/H4 CPI today determines the long-term trend of GOLD.Analysis of the European - US session on August 13, 2024:
On the second day, we have seen a strong increase in all sessions. Gold has approached the old peak area.
Today's CPI news will determine whether a triple peak pattern will form and whether there will be a deep correction. A reversal creating a peak has appeared on H4. The trading trend today is mainly BUY. But caution is required in sensitive price zones like this.
Price areas to watch: Zones 2430-2434; 2444-2447 and 2481-2486.
Recommended orders:
Plan 1: BUY XAUUSD zone 2430-2433
SL 2427
TP 2440 - 2450 - 2470.
Plan 2: BUY XAUUSD zone 2444 - 2447
SL 2441
TP 2452 - 2460 -2470.
Plan 3: SELL XAUUSD zone 2483 - 2486
SL 2492
TP 2475 - 2450 - 2430 - open.
Gold Price Advances to Amid Rising Middle East Tension
Gold prices have surged to a one-week high, buoyed by a confluence of factors that have ignited investor interest in the safe-haven asset. For the third consecutive day, the precious metal has experienced upward momentum, driven primarily by geopolitical tensions in the Middle East and mounting expectations of interest rate cuts by the Federal Reserve.
The escalating conflicts in the Middle East have cast a shadow over global markets, prompting investors to seek refuge in gold. As a traditional safe-haven asset, gold tends to appreciate during periods of heightened uncertainty and geopolitical instability. The ongoing tensions in the region have heightened concerns about potential disruptions to oil supplies and the broader economic implications, thereby bolstering gold's appeal.
Simultaneously, growing speculation about a potential pivot by the Federal Reserve towards a more dovish monetary policy stance has also supported gold prices. As economic growth concerns persist, market participants are increasingly betting on interest rate cuts later this year. Lower interest rates typically benefit gold, as they reduce the opportunity cost of holding the non-yielding asset.
However, the upside potential for gold prices may be tempered by the overall positive risk sentiment in the market. While geopolitical tensions and rate cut expectations have provided a solid foundation for gold's rally, a generally upbeat market mood could limit gains. Investors are also likely to adopt a cautious stance ahead of the release of crucial US inflation data this week. The inflation figures will provide valuable insights into the trajectory of the US economy and the Federal Reserve's monetary policy path.
As the market digests the evolving geopolitical landscape and awaits key economic indicators, gold prices are expected to remain volatile in the near term. While the underlying fundamentals remain supportive, the potential for profit-taking and shifts in investor sentiment could introduce some headwinds.
Going forward, the interplay between geopolitical tensions, interest rate expectations, and overall market sentiment will be crucial in determining the direction of gold prices. Traders and investors will be closely monitoring developments in the Middle East, as well as economic data releases, for clues about the metal's future trajectory.
2460 WILL PROBABALY HIT IN NEXT WEEK 2460 WILL PROBABALY HIT IN NEXT WEEK
As The View Of The Simple Price Action I Can See That Gold Need To Touch 2460 First Before Decide The Further Direction Move.
As The Pattern That Has Formed Is A Bullish Trend Pattern (Bullish Pennant) This Pennant Must Breck To the Up side. And After Conformed Pullback maybe A Good Buy Opportunity.
But If Price Couldn't Breck The Upper Trendline Gold Will Fall Again Back To 2410 Zone At Least.
Will See On Next Week What Will Happen And Fore More LTF Analyze Wait Till Market Move First Next Monday.
Also Wait For More Updates On Elliot Wave And Simple And Quick Price Action Analyze
Gold could rise to 2460After a significant drop of nearly 1,000 pips last Monday, gold has established strong support at 2,380 and began to recover mid-week, reaching the 2,430 resistance zone.
The recent pullback from this resistance found support at 2,415—a level that has served as both support and resistance since the beginning of the month. Once again, support has formed higher, this time at 2,420.
At the time of writing, the price is hovering around 2,435, and we could see a clear breakout to the upside in the hours.
My strategy is to buy on dips, and I will remain bullish as long as the price stays above 2,415.
XAU/USD 12 August 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 11 August 2024
-> Swing: Bullish.
-> Internal: Bullish.
Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high.
As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. This is what price printed according to my analysis.
Intraday expectation: Price has reacted at an H4 demand level, therefore, price to target weak internal high.
H4 Chart:
M15 Analysis:
I will keep my analysis/bias the same as dated 06 August 2024 in order to demonstrate alternative scenario and how the HTF's will always hold more weight over LTF's.
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's intraday expectation was met, assisted by dovish US economic news.
Price has printed a further bearish iBOS followed by a bullish CHoCH indicating bullish pullback phase initiation.
Indication of pullback initiation started by reaction at H4 demand level.
Price is currently hovering around 50% EQ printing low volume rangebound price action.
Intraday expectation: Price to react at premium of 50% internal EQ or M15 supply zone before targeting weak internal low.
Alternative scenario: Whilst intraday expectation is technically correct, we need to bear in mind that internal H4 structure is bullish with bearish pullback phase currently underway and could potentially be complete after reacting at H4 demand level.
M15 Chart:
XAUUSD 12/8/2024 Is the bullish wave over?Looking at H1, we see that the 5-wave bullish structure is completing.
Wave 4 has now completed and the price is continuing to complete wave 5
- Measuring the target of wave 5, we have 2 targets to pay attention to, the first is the 2435 zone and the second is the 2455 zone
- Currently, the price has reached the target zone of 2435. Looking at the momentum indicator, we see that the price is preparing to reverse at the oversold zone, so we wait for the price to recover. There will be 2 cases
- Case 1: The price does not break through the 2435 zone, so we will enter a Sell order in this area
- Case 2: The price breaks through 2435, so the next target will be the 2455 zone
Personally, I am leaning towards the 2455 price zone, which will be the price zone where I set the SELL target
Trading plan:
BUY ZONE: 2422 - 2419
SL: 2402
TP1: 2435
TP2: 2440
TP3: 2447
SELL ZONE: 2455 - 2458
SL: 2465
TP1: 2447
TP2: 2435
TP3: 2428
XAUUSD is in buy zone!XAUUSD Considering 4h timeframe, we can spot 2 significant liquidity candle formation with multiple liquidity grab with series of higher low. As with the previous session, we see 4h candle close with another liquidity grab signaling potential bounce to 2050 level which is another liquidity zone. As monthly price action is bullish, we may see even further trend continuation to the resistance level of 2474.18 level and beyond.
We are on a bullish trade with the possibility to long term trend continuation!!
#XAUUSD/H4 GOLD had good trading on the second dayAsia-Europe session analysis on 12/08/2024:
Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future.
The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at 2433-2437 is unlikely to be today’s peak. Attention should be given to the 2455-2460 zone for a potential long-term sell order.
Recommended Orders:
Plan 1: BUY XAUUSD zone 2407-2411
SL 2405
TP 2414 - 2430 - 2455.
Plan 2: BUY XAUUSD zone 2403-2405
SL 2399
TP 2410 - 2430 - 2437 - 2455.
Plan 3: SELL XAUUSD zone 2457-2460
SL 2463
TP 2450 - 2437 - 2400 - open.
Xauusd Down Trend XAU/USD is currently experiencing a downtrend, moving from 2427 to 2411. This shift indicates a decrease in the price of the asset over the given period. Investor sentiment may be negative, leading to selling pressure on gold, causing the downward movement. Traders observing this trend may look for potential entry points or consider short-term selling strategies. The price decline suggests a shift in market dynamics favoring bearish sentiment for XAU/USD in the short term.
Gold Monday Trading Strategies and Signals
#xauusd
Tomorrow is Monday, and the new trading day is August 12.
Last week, gold continued to sweep the market. After stabilizing, it fluctuated upward.
Next week, there will be several major news data that will affect the price fluctuations of gold. So I think there will be no large price fluctuations in gold on Monday and Tuesday. It will fluctuate before the news data is released.
I will point out several trading areas for everyone:
Sell gold:
xausd sell:
1/2436-2439 Last Friday's high
2/2449-2452
Buy gold:
xauusd buy:
1/2403-2407
2/2391-2395
Refer to my trading strategy, you should be able to make a profit in the transaction. Always keep our trading area in a safe range.
If the range fluctuations on Monday are different from my analysis, maybe I will update my analysis
I wish you all a smooth transaction. If you use my signals to make a profit, or if you like my analysis, please join me or like my analysis.
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.
XAU/USD 12-16 August 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has, as yet, failed to indicate bearish pullback following bullish bullish BOS and iBOS.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
However, price could print further highs which would bring CHOCH positioning closer to current price.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
Price indicated bearish pullback phase initiation once it printed a bearish CHoCH.
Price then continued bearish, reacting at discount of internal 50% EQ denoted in blue.
Price has, once again, almost precisely reacted at 50% EQ of the internal structure, therefore, technically price should target weak internal high.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high.
As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. This is what price printed according to my analysis.
Intraday expectation: Price has reacted at an H4 demand level, therefore, price to target weak internal high.
H4 Chart:
As The Current Situation Gold Is Still Going BULLAs The Current Situation Gold Is Still Going BULL
As The Weekly Bias Formation I Strongly Believe Gold Will Go More Higher With The The Global Fundamental And Simple Technical Indication Of Price Action.
But More Further Growth Gold need To Breck The Upper Trendline And Make A Pullback Again. Or Pullback First And Then Keep Fly
Let's See More In LTF For More Conformations
Weekly Bias Is Still On Bullish MomentumWeekly Bias Is Still On Bullish Momentum
Last Week Prediction In On Fire And Gold Has Close Above The Weekly Resistance With Strong Bullish Momentum. Gold Has Rebound From he Zone Near To the Fibonacci Golden Pocket Zone
Still I Remain On Bullish Structure For Next Week As Well.
Wait For LTF Update
Weekly Bias Is Still On Bullish MomentumWeekly Bias Is Still On Bullish Momentum
Last Week Prediction In On Fire And Gold Has Close Above The Weekly Resistance With Strong Bullish Momentum. Gold Has Rebound From he Zone Near To the Fibonacci Golden Pocket Zone
Still I Remain On Bullish Structure For Next Week As Well.
Wait For LTF Update
XAUUSD - GOLD - Scalping Mode! 9th 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:9/8 Today Analysis and StrategyTechnical analysis of gold
Daily resistance 2425-58, support below 2401
Four-hour resistance 2425, support below 2401
✅Gold operation suggestions: Yesterday, the technical side of gold ushered in a strong upward shock in the volatile trading, and the overall price formed a stage bottom area support at the 2380 mark. At the same time, in the short term, after experiencing continuous declines, it stabilized and rebounded and returned to the wide range of long and short shocks
Today, the support below is around 2409-2407, and the pressure above is around 2427-36. Relying on this range to maintain the rhythm of high selling and low longs, the recent gold price is likely to rely on the 2390 support and 2440 pressure to continue to maintain the rhythm of long and short tug-of-war.
BUY zone: 2407~2410
The last trading day of this week
Today trend gold bearishI just analyse the all global data and its, so powerful news come from all around the different countries in fear of USA will be in recession stage. japan maket crash in a single day make low of his history and Taiwan market crash rapidly and India make history low value of Indian currency.
my scenario now market make low lower then low of this bull rally will end i think You take sell position around 2400.00 and make your stock loss around 2420.00 make take profit different level my target 2365.00. if its break definitely its make more low level.
2390.00
2385.00
2375.00
2365.00
Take profit 2 hit then you will move your entry price is your stock loss.
use small lot size on chart market make manipulation so be carefull.
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.