XAUUSD: Do Not Miss Out on this great opportunity!Dear Traders,
Hope all of you having a great week, OANDA:XAUUSD , previous setup on GOLD hit the targeted profit easily, now that we have strong bullish price movement we think price will reach our targeted zone with ease too. Remember today is FRIDAY so we may expect some market fluctuations due to low volume.
Please like our idea and comment your views it will be easy for people to have a different bias.
Xauuusd
GOLD/ XAUUSD LONG/ BUY🔰 Pair Name: GOLD/XAUUSD
🔰 Time Frame: 1H/4H
🔰 Scale Type: SMALL Scale
🔰 Direction: LONG/BUY
📈 Analysis Update - Gold Forecast 📉
🔍 Current Status: Gold has successfully reached the critical daily Fibonacci level of 61.8%. From a technical perspective, we are anticipating an imminent retest scenario.
🔮 Projection: The forecast suggests that a retracement is in the cards, with a potential target zone spanning between 1944 and 1951. This retracement is primarily driven by the need to absorb the liquidity that was generated in the market yesterday, thereby realigning the market balance.
📊 Strategy: Traders are advised to closely monitor the price action within the projected range and assess the strength of the retracement. This period could offer an opportunity to capitalize on short-term moves.
As always, remember to manage risk effectively and stay attuned to the evolving market dynamics. Happy trading! 📈📊📉
📈XAUUSD analyis, The first day of the week📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 25
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XAUUSD 240 MINS CHART The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
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GoldViewFX - MARKET UPDATEHey Everyone,
Please see update on our 4H chart idea.
Not much action in the market due to US holiday. We had some ranging movement down into the first level of bearish support at 1948, just before the retracement range. Price may find support here at this Goldturn level for the bounce up into the first Bullish target at 1963 or a break and close below to complete the full retracement drop.
We will continue with our plans to buy dips using these levels for bounces, track the movement level to level and manage risk accordingly to extend the range if needed.
Our long term projection still remains Bullish.
BULLISH TARGETS
1963
1976
EMA5 CROSS AND LOCK ABOVE 1976 WILL OPEN
1993 - 2005
BEARISH TARGETS
1948 - DONE
1936
EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE
SWING RANGE
1918 - 1899
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Gold- 1k pips move probable, but in which way?Since the recent low marked at the end of May, Gold is trading like a headless chicken, with spikes up and down and no continuation in either direction.
However, there is one good thing to extract from this, after this consolidation, we will have a strong move that could reach 1k pips.
So, if you are not a scalper trying to catch 100 pips move, the best thing to do is wait for clarification.
For the bull move, a break above 1980 is needed, such a break would maintain the bullish trend intact and could lead to new ATH.
For the bear move, a break under 1940 would confirm the change of trend and Gold could drop to March's low around 1800.
XAUUSD: Back to 2000 or fall below 1900?
For gold, today is the most important day of the week. The release of the initial jobless claims data will bring great volatility to it, and it is also a super trading opportunity!
Gold rose to 1970 yesterday and then fell back to 1939, increasing the uncertainty of today's market. It cannot be ruled out that this is the market's advance prediction of data. So if the data released today is as we expected, which is negative for gold, how much can it fall? Will it go against the data? This is the key today!
If the data is bullish for gold, then at the current position, the probability of gold rising is still very high, but how much can the increase be? How should we set up during the transaction?
I will solve these problems for my partners. If you want to know, come to me!
Xauusd /GOLD D11965 is critical today. In most short-term cases, gold will return to its original position after 5 moves. If 1965 breaks through, D1 resistance position 1945 will be the next target.
New pattern has to be evaluated if gold reaches 1980.
* 1st resistance: 1965. 2nd resistance: 1979.
* Bull & bear boundary: 1980.
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Gold Swing Trade (Update)This is my second update on Gold Swing trade. In the previous updated I posted the levels to reenter gold short we got that Bounce 2040 and perfect second entry into the short now we are hovering at important TP level as indicated in my first post for gold Swing trade.
All the previous posts are linked down below
In this chart I have highlighted what happened when we lost the channel mid band last time. Gold lost approx. 4%, and if we measure 4% from the middle of the channel this time it falls on important support which are MACRO POC (Point of Control) and a monthly Support level. But to fall further we need to lose 1980 first. It has acted as a strong support, if gold breaks it will become strong resistance going forward. The probability of gold breaking down is high as DXY bottomed out and broke out last week, if it keeps rallying higher Gold keeps going down.
I have covered DXY bottoming and breakout in my previous posts, you can look at them in the links below.
So, all is good, if you took the trade, TP here a good chunk, move stop loss as per your comfort.
If you like my content, then please boost and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it.
Keep learning and Happy trading All.
XAUUSD Technical Analysis 25.04.2023 1h chart– Previous Daily candle closed Bullish at 1989.100 forming new Daily Support around 1982.900.
– Buys on close above 1995.400 targeting 1h Resistance at 2003.000, Leaving Runners to the Weekly Resistance formed at 2008.000.
– Sells on close below 1986.700 targeting Daily Support formed at 1982.500, Leaving Runners to the 1h Support formed at 1977.800.
– High Impact News ahead for the New York session starting with CB Consumer Confidence, followed by New Home Sales and Richmond Manufacturing Index.
The rise in gold prices is over, has the decline opened?Only when you experience setbacks in everything will you realize that it is not easy to get, and what you get easily always feels too simple to cherish. This is human nature.Success is not that you don't work hard enough, but you don't persevere enough. 99% of the way is finished, but it is easy to fall in front of 1% because you give up too early.
As the market digested the news of UBS's acquisition of Credit Suisse and the joint actions of the six major central banks such as the Federal Reserve, the market's risk aversion fell, and the gold price fell from the key mark of US 2,000 in volatile trading. It is currently trading near the 1964 line.
From the perspective of gold price trends, gold surged to a position near 2009 yesterday and then fell sharply by more than 40 US dollars, and finally closed a negative K line with a long upper shadow line. This pattern generally indicates that the pressure above has begun to increase sharply, and technical indicators show that the oversold resonance is very obvious.
Although there are obvious signs of a decline in gold prices at present, the trend formed by the large cycle is not easy to turn around in a short period of time, and market sentiment continues to be fragile, and the uncertain macro background will continue to attract gold buying.So I think there will be repeated situations here in the short term. Even if the bulls start again, they still need to repeatedly adjust the step-back confirmation process.
In the short-term treatment, the lower support is in the 1950-1955 area, and the upper resistance is in the 1980-1985 area.Operationally, high-throwing and low-suction operations can be carried out in this area.
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