Long Xau/UsdToday I will look for a long.
The middle of the global range acted as a support area
Scenario price will remain within the current local consolidation
UPD: In any case, to gain a position, I would like a rebalance
GOLD.PRO.OTMS trade ideas
Hanzo l Gold Structure Shatters - Key Break Confirms the Path🆚 Gold – The Way of the Silent Blade
⭐️ We do not predict—we calculate.
We do not react—we execute.
Patience is our shield. Precision is our sword.
🩸 market is a battlefield where hesitation means death. The untrained fall into traps, chasing shadows, believing in illusions. But we are not the crowd. We follow no signal but the one left behind by Smart Money. Their footprints are our way forward.
🩸 Bullish Structure Shatters -
Key Break Confirms the Path – 2923 Zone
reasons
Liquidity Swwep
liquidity / choch
key level / multi retest before
weekly / monthly zone
🩸 Bearish Structure Shatters
Key Break Confirms the Path – 2913 Zone
our reversal always at key level
even a reversal area is well studded
🔻 This is the threshold where the tides shift. If price pierces this level with authority, it is no accident—it is designed. The liquidity pool above has been set, and the institutions will claim their prize. Volume must confirm the strike. A clean break, a strong push, and the path is set.
Watch the volume. Watch the momentum. Strike without doubt
Bearish drop for the Gold?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,882.39
Why we like it:
There is an overlap resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 2,924.57
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 2,830.85
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAU/USD Weekly Analysis XAU/USD Weekly Analysis with support and resistance levels tailored between $2,800 and $3,000:
XAU/USD Weekly Analysis: March 3–7, 2025
🔹 Overview:
Gold (XAU/USD) has entered a critical consolidation phase, trading between $2,800 and $3,000. The market remains sensitive to macroeconomic developments, including U.S. jobs data, Fed commentary, and geopolitical events.
🔹 Key Support Levels:
Immediate Support:
$2,835–$2,850: Critical support zone, aligned with the 38.2% Fibonacci retracement of the recent rally.
$2,800: Psychological support and a key structural level, reinforced by the 50-day SMA.
Major Support (Downside Breach Scenario):
$2,765–$2,780: Long-term trendline support from the 2024 lows.
$2,735: Key swing low; a break below here could signal a deeper bearish trend.
🔹 Key Resistance Levels:
Immediate Resistance:
$2,900–$2,920: Key consolidation range high and near-term target for bullish momentum.
$2,950: Previous week’s high and a critical barrier to further gains.
Major Resistance (Upside Breakout Scenario):
$2,975–$3,000: Psychological resistance and the upper bound of the bullish channel.
$3,075: Fibonacci 127.2% extension and a potential breakout target.
🔹 Technical Scenario Breakdown:
Bullish Case (Breakout):
Trigger: Fed dovishness or USD weakness.
Action: Break above $2,950 confirms bullish momentum.
Targets: $2,975 (psychological level), then $3,075 (breakout extension).
Bearish Case (Reversal):
Trigger: Strong USD or risk-on sentiment.
Action: Breakdown below $2,835 signals bearish shift.
Targets: $2,800 (key support), then $2,765–$2,735 (trendline and swing low).
Neutral/Range-Bound:
Range: $2,835–$2,950.
Action: Fade extremes (buy dips near $2,835, sell rallies near $2,950).
🔹 Price Action Drivers During the Week:
U.S. Jobs Data (March 7):
Weak NFP (<150k jobs) → USD sell-off → Gold rallies toward $2,950–$3,000.
Strong NFP (>250k jobs) → USD strength → Gold tests $2,835–$2,800.
Fed Commentary (March 5):
Hawkish tone → Gold pressured below $2,835.
Dovish tone → Rally toward $2,950+.
Geopolitical Surprises:
Escalations → Safe-haven surge → Gold breaches $2,975–$3,000.
De-escalations → Profit-taking → Drop to $2,800.
🔹 Technical Tools to Monitor:
RSI (14-day): Overbought above 70 indicates pullback risk; oversold below 30 signals potential rebound.
MACD: Bullish crossover above the zero line strengthens upward bias.
Volume: Confirm breakouts above $2,950 with rising volume.
📈 Summary:
Support: $2,835–$2,850 (critical), $2,800 (structural), $2,765–$2,735 (trendline).
Resistance: $2,900–$2,920 (immediate), $2,950 (key breakout), $2,975–$3,000 (psychological).
Catalysts: U.S. data, Fed commentary, and geopolitical factors remain key drivers.
HIGH Volatility Alert! Everything You Need to Know
Have you ever wondered why the certain trading instruments are very rapid while some our extremely slow and boring?
In this educational article, we will discuss the market volatility , how is it measured and how can it be applied for making smart trading and investing decisions.
📚 First, let's start with the definition. Market volatility is a degree of a fluctuation of the price of a financial instrument over a certain period of time.
High volatility reflects quick and significant rises and falls on the market, while low volatility implies that the price moves slowly and steadily.
High volatility makes it harder for the traders and investors to predict the future direction of the market, but also may bring substantial gains.
On the other hand, a low volatility market is much easier to predict, but the potential returns are more modest.
The chart on the left is the perfect example of a volatile market.
While the chart on the right is a low volatility market.
📰 The main causes of volatility are economic and geopolitical events.
Political and economic instability, wars and natural disasters can affect the behavior of the market participants, causing the chaotic, irrational market movements.
On the other hand, the absence of the news and the relative stability are the main sources of a low volatility.
Here is the example, how the Covid pandemic affected GBPUSD pair.
The market was falling in a very rapid face in untypical manner, being driven by the panic and fear.
But how the newbie trader can measure the volatility of the market?
The main stream way is to apply ATR indicator , but, working with hundreds of struggling traders from different parts of the globe, I realized that for them such a method is complicated.
📏 The simplest way to assess the volatility of the market is to analyze the price action and candlesticks.
The main element of the volatile market is occasional appearance of large candlestick bars - the ones that have at least 4 times bigger range than the average candles.
Sudden price moves up and down are one more indicator of high volatility. They signify important shifts in the supply and demand of a particular asset.
Take a look at a price action and candlesticks on Bitcoin.
The market moves in zigzags, forming high momentum bullish and bearish candles. These are the indicators of high volatility.
🛑 For traders who just started their trading journey, high volatility is the red flag.
Acting rapidly, such instruments require constant monitoring and attention. Moreover, such markets require a high level of experience in stop loss placement because one single high momentum candle can easily hit the stop loss and then return to entry level.
Alternatively, trading a low volatility market can be extremely boring because most of the time it barely moves.
The best solution is to look for the market where the volatility is average , where the market moves but on a reasonable scale.
Volatility assessment plays a critical role in your success in trading. Know in advance, the degree of a volatility that you can tolerate and the one that you should avoid.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold’s Next Move 🔥 Gold’s Next Move — 55-Year Chart Analysis
This isn’t just another prediction — it’s a bold forecast you won’t see everywhere.
We’re analyzing the 55-year historical chart of XAUUSD. Gold has broken through a major long-term resistance and is now pulling back for a potential retest.
🚀 Key Levels to Watch:
• Bullish Scenario: A clean hold above $2770 could trigger a strong rally, pushing prices above $3000
• Bearish Scenario: Failure to hold $2770 and a confirmed breakdown could send gold back below $2400.
Why does this matter now?
With global economic uncertainty, rising US inflation, and a diminished likelihood of rate cuts, gold’s next move is at a critical tipping point.
🎯 Immediate target: $2770 — this level will dictate the next big move.
The reaction at this zone, combined with upcoming macroeconomic data, will set the stage for what’s next.
Stay focused. Updates coming soon.
XAUUSD FLYYY ( WILL IT JUST HIT ATH OR MAKE NEW ATH?📈 Market Analysis and Trade Setup 📊
The market is currently consolidating within a defined support and resistance range of 2903 to 2905. Within this zone, a "W" pattern is emerging, along with a double bottom rejection at the support level. These technical signals suggest a potential 📈 buying opportunity for a long position.
💡 Trade Setup:
📍 Entry: 2913
🎯 Target 1: 2924 (110 pips)
🎯 Target 2: 2942 (290 pips)
🎯 Target 3: 2956 (330 pips)
🛑 Stop Loss: 2897
This setup presents a favorable risk-to-reward ratio. Remember to practice 📉 proper risk management!
The Secret Gold Level Revealed: The Power of 7The Secret Gold Level Revealed: The Power of 7
After extensive backtesting and observation, I am finally ready to reveal a key level in gold that has remained hidden in plain sight.
We all know the importance of round numbers, psychological levels, and the Quarter Theory in trading. But now, we introduce a new concept—the power of 7.
The Magic Number: 77
No matter where gold is trading, whether it's 2577, 2477, 2377, or 2277, this level consistently acts as support or resistance, generating high-probability reactions every time it is touched.
Why This Matters?
✅ Consistent Reactions – Every test of a 77 level leads to significant price movement.
✅ Key Decision Points – Gold often rejects or breaks with momentum, providing ideal trade setups.
Start marking 77 levels on your chart and watch the magic unfold. We have unlocked a new edge in gold trading!
Gold($) Analysis - ShortI have analyzed the gold using ATH, price action & Gann techniques. And concluding that this target will come. Stop loss has also been shared.
I am in X as "skumarinsweden".
GOLD to continue in the downward move?Gold - 24h expiry
Our short term bias remains negative.
The trend of higher intraday lows has also been broken.
Offers ample risk/reward to sell at the market.
50 1hour EMA is at 2871.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
We look to Sell at 2874.5 (stop at 2895.1)
Our profit targets will be 2820.8 and 2809.8
Resistance: 2876.6 / 2890.0 / 2910.0
Support: 2855.0 / 2832.4 / 2815.0
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Gold towards record High's / new ProfitsAs discussed throughout my yesterday's session commentary: "My position: My #2,902.80 pending Buying order got triggered and is currently running in decent Profit."
I have closed my #2,902.80 entry point Buying order on #2,922.80 with excellent #20-point Profit however I have engaged new #2,920.80 entry point Buy which I didn't closed on #2,927.80 Resistance test and had to close it on #2,915.80 with #5-point loss. I have waited for Bottom test prior to each Ascending Channel and re-Bought Gold on #2,908.80 and kept the order which is currently running. I am expecting #2,952.80 benchmark as next extension / contact point if #2,927.80 Resistance / local High's gives away. I will turn to Selling only if #2,900.80 benchmark gets invalidated and market closes below / or aggressive break-out to the downside.
Technical analysis: Very flat to Neutral Trading numbers since early E.U. session, ranged on the Hourly 4 chart within roughly #2,910.80 - #2,922.80 zone which represents the optimal breakout zones regarding Short-term. As long as the sequence lasts, this makes an basic Intra-day Neutral Rectangle Trading without any major changes, even though that Yields were Trading above the Daily chart’s Resistance for more than #8-Hour horizon however main pointer is DX. The Medium-trend remains fully Bullish however lately potential Bearish reversals / Technicals are easily distorted by Fundamental announcements, which are adding strong uncertainty on DX and - directly affecting Gold. As side Swings are the new norm, I adjusted my Trading strategy properly. Gold is strongly correlated with DX however always-changing trend (on High speculation mode ahead the news) makes Gold (for now) difficult asset to Trade on for Sellers.
My position: My #2,908.80 entry point Buy order is up and running with Stop on break-even towards #2,927.80 Resistance. If this fails, I will add one last Buy as near as #2,900.80 benchmark. If that fails (less likely), I will Sell Gold on spot below #2,900.80 benchmark towards #2,852.80 in extension. However I give more probabilities to the upside and will keep Buying every dip / local Low's which Gold delivers.
Gold LQ HUNT INCOMING!Still keeping an eye out for a possible liquidity hunt in the short term towards a new ATH at $1,963. Pending LQ sitting at $2,955.
But overall, we're bearish in the mid term so will adapt & also keep an eye out for market structure shifting to bearish. Current market structure is very choppy so I know we a lot of buyers & sellers are getting liquidated around this zone.
XAUUSD Analysis todayHello 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.
GOLD Drops $67 – Bearish Momentum Continues Below 2,859 GOLD Update – Feb 28, 2025
Gold dropped $67 from 2,918 to 2,859, as we expected! Now, the price is struggling below 2873, keeping the bearish momentum intact.
📉Bearish Scenario:
Staying below 2,859 and 2,873 could push the price toward 2,840.
A 1H or 4H close below 2,840 opens the door for 2,823 – 2,811.
📈Bullish Possibility:
If 2,873 is reclaimed, expect some volatility between 2,873 and 2,880.
Above 2,880, gold could rally to 2,895 – 2,905.
💠Key Levels:
Resistance: 2873 | 2880 | 2895
Pivot: 2859
Support: 2840 | 2823 | 2810
Bearish Trend is Active while Below 2859
Bullish Correction to 2873 if Stabilized Above 2859
GOLD approaching 2,900USD, conditions for correction endOANDA:XAUUSD Spot delivery remains high after yesterday's strong increase and the current gold price is at about 2,887 USD ounce, equivalent to a decrease of 0.20% on the day, limited by the lower edge of the technical price channel and the EMA21.
Geopolitical tensions and impending tariffs have boosted gold prices. Gold prices continue to rise again, but no other price increases have been confirmed yet.
Spot gold prices rose more than 1% on Monday, recovering from a three-week low hit in last week's final trading session, as a weaker U.S. dollar and U.S. President Trump's tariff policies spurred safe-haven buying.
On Monday local time, US President Trump said at a press conference that the US would impose 25% tariffs on Canada and Mexico on March 4 and said there was no room for negotiations with these two US allies.
Additionally, the US government announced it will impose an additional 10% tariff on Chinese products exported to the US starting March 4, citing fentanyl and other issues.
Mr. Trump also said on Monday that the United States would impose "reciprocal tariffs" starting April 2 and would impose tariffs on countries that devalue their currencies as sanctions. In addition, Trump said on social networks that the United States will impose tariffs on "foreign" agricultural products from April 2.
Analysis of technical prospects for OANDA:XAUUSD
After recovering from the support area noticed by readers in the previous issue at the area of 2,850 - 2,835 USD, gold has achieved the first target level at 2,880 USD and then approached the next target level at the original price point of 2,900 USD. It is also limited by the original price point of 2,900 USD when this is also the confluence of the lower edge of the price channel and EMA21.
Once gold breaks the $2,900 level and trades above it, it will be primed to continue rising, marking the end of the downward correction with a target then $2,942 in the short term, more than the location of the all-time peak.
The relative strength index is also receiving support from the 50 level, if bullish momentum takes it back above the 60 level, this will be a positive signal for gold price upside on the technical chart.
During the day, the technical outlook for gold prices is recovery with the condition of ending the above adjustment cycle, notable positions will also be listed as follows.
Support: 2,880 – 2,868USD
Resistance: 2,900 – 2,942USD
SELL XAUUSD PRICE 2921 - 2919⚡️
↠↠ Stoploss 2925
→Take Profit 1 2913
↨
→Take Profit 2 2907
BUY XAUUSD PRICE 2858 - 2860⚡️
↠↠ Stoploss 2854
→Take Profit 1 2866
↨
→Take Profit 2 2872
Analysis of the latest gold market trendsGold experienced volatility at the end of yesterday's trading, and retreated to 2916, but then quickly dropped to a low of 2908, showing the instability of the market. Near the close, the gold price rebounded again, once rushing to 2920, showing a certain buyer's strength. At the opening of this morning, the gold price continued to rebound slightly, but the overall trend is still weak.
From a technical perspective, the current gold price faces a resistance range of 2923-2925, while the support is in the 2911-2908 area. There will be small non-agricultural ADP data in the evening. In this context, it is important to pay attention to risk control. We recommend a flexible trading strategy, with rebound shorting as the main operating idea, supplemented by opportunities for callback longs. The gold market may continue to fluctuate at a high level today. Everyone needs to pay close attention to the reaction to these key prices and flexibly adjust trading strategies based on market dynamics.
Operation strategy 1: It is recommended to go short at 2916-2920 on the rebound, stop loss at 2927, and the target is 2905-2900.
Operation strategy 2: It is recommended to go long at 2892-2887 on the pullback, stop loss at 2879, and the target is 2907-2915.
Gold Buy Setup – Smart Money Flow & Institutional Order PositionGold (XAU/USD) is showing bullish potential, aligning technical, fundamental, and liquidity factors for a high-probability setup. Let’s break down the market structure, trade execution, and institutional flows that support this move.
📊 Trade Execution & Technical Breakdown
🔹 Entry Zone: Price retraced into a key demand zone aligning with the 0.62 Fibonacci level (2902.190).
🔹 Confluences: ✅ Trendline support held, confirming bullish momentum.
✅ Fibonacci retracement (50%-79%) aligned with institutional order blocks.
✅ Liquidity sweeps confirmed smart money accumulation.
🔹 Target Zones:
📈 First target: 2,926.183 (previous high).
📈 Final target: 2,950.176 (-0.62 Fibonacci extension).
📌 Market Structure:
The 1H timeframe suggests a bullish continuation pattern.
Daily EMAs are trending upwards, reinforcing buying pressure.
Supertrend indicator on the 4H supports bullish sentiment.
🎯 Institutional Positioning & Market Depth
📌 Commitment of Traders (COT) Report Insights:
📈 Institutional traders increasing long positions, signaling confidence in an uptrend.
📉 Retail traders are majority short, fueling a potential short squeeze.
📌 Liquidity Data:
Volume profile shows high demand near 2902, confirming strong buy-side interest.
Market depth data from Prime Market Terminal indicates institutional buy orders stacking in this range.
⚡ Fundamental Drivers – Key News & Events
📊 Economic data influencing XAU/USD:
📈 ISM Manufacturing PMI (53.5) vs. forecast (52.8) – Initially strengthened USD.
📈 Durable Goods Orders +3.2% – Positive US data caused a pullback.
📉 Gold supported by weaker USD following liquidity rebalancing.
🛑 Impact on Trade:
✔️ Initial USD strength provided a discounted long entry on Gold.
✔️ Market reacted with bullish momentum as institutional flows aligned with demand zones.
📈 Volatility & Liquidity Insights
📌 Prime Market Terminal Liquidity Analysis:
ATR (Average True Range) increased, signaling upcoming volatility.
High-volume nodes align with the 2902 support area.
Institutional order flow confirms bullish positioning.
🔥 Conclusion – High-Probability Long Setup
✅ Smart money accumulation & institutional order flow confirm a bullish bias.
✅ Confluence of technical, fundamental, and liquidity factors supports upside movement.
✅ Potential targets: 2,926 → 2,936 → 2,950.
📌 Did you catch this move? Let me know your thoughts in the comments! 🚀💬
Bearish drop?XAU/USD has reacted off the resistance level which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,925.63
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 2,953.39
Why we like it:
There is a swing high resistance level.
Take profit: 2,880.98
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Gold Price Analysis March 6Gold price today will trade in the range of 2928-2900. There will not be enough catalyst for gold to break through this range, at least wait until Nonfarm. When breaking the range of 2929 and 2895, it will confirm a new trend of Gold. The 2915 area until the end of the Asian session cannot be broken, it can push the price up to 2922 - 2928 or if broken, pay attention to the 2912 area for a BUY signal and resistance. Today around 2900 when breaking 2912-2915 and retesting those resistance areas.
Gold next move (waiting for the news)(27-02-2025)Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (27-02-2025)
Current price- 2893
"if Price stays below 2918-20, then next target is 2883, 2875 and 2865 and above that 2935"
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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Closing my Selling order with ProfitAs discussed throughout my Friday's session commentary: "My position: My Selling order has been closed automatically (#2,892.80 - #2,872.80) with Take Profit hit and left me without any orders. As Gold delivered decline in continuation throughout Asian session, I have missed #2,872.80 - #2,852.80 benchmark extension (currently #3-Week Low's test) however I don't mind since my returns for current weeks are excellent. I have stated potential of #2,892.80 - #2,900.80 Support now turned to Resistance zone, as long as it preserves Selling bias and reverses each Bullish reversal, Price-action within or below is Bearish. Keep in mind that as long as we Trade below the mentioned zone, #2,852.80 benchmark break-out has more chances to be delivered rather than #2,900.80 benchmark. Keep Selling every High's on Gold with #2,900.80 Top's however if #2,852.80 benchmark gives away, #2,827.80 is next contact point to monitor."
I have closed my Selling order (#2,852.80 - #2,835.80) throughout Friday's session delivering fine #17-point Profit, extending my results range to #142 Profits and #24 Stop-hits regarding December #2023 - March #2025.
Quick update: Gold is Trading within Neutral waters and it is question now which side will prevail. I am in excellent position currently, Highly satisfied with my Profits without urge to Risk more on ranging market. Either #2,892.80 - #2,900.80 gets tested, or #2,852.80 benchmark. If Resistance zone rejects the Price-action, I will Sell Gold there on spot Targeting #2,852.80 benchmark once again. If however #2,900.80 gets invalidated, Short-term Bullish bias is restored.
XAUUSD Cup and Handle targeting 3030.Gold is about to complete a Cup and Handle pattern on the (1h) time frame.
The buy confirmation will be a break above Resistance (1).
Trading Plan:
1. Buy after the break out happens.
Targets:
1. 3030 (the 2.0 Fibonacci extension).
Tips:
1. A Golden Cross (1h) has just been completed. Last time it happened was on January 2nd and was a strong buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
What is Confluence ?✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to find confluence — but oftentimes the result is conflicting signals. This can cause a lapse of confidence and a great deal of confusion. Some traders add more and more signals the less confident they get, and continue to make the problem worse for themselves.
✅ Confluence is very important to increase the chances of winning trades, a trader needs to have at least two factors of confluence to open a trade. When the confluence exists, the trader becomes more confident on his negotiations.
✅ The Factors Of Confluence Are:
Higher Time Frame Analysis;
Trade during London Open;
Trade during New York Open;
Refine Higher Time Frame key levels in Lower
Time Frame entries;
Combine setups;
Trade during High Impact News Events.
✅ Refine HTF key levels in LTF entries or setups for confirmation that the HTF analysis will hold the price.
HTF Key Levels Are:
HTF Order Blocks;
HTF Liquidity Pools;
HTF Market Structure.
