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GOLD at a Tipping Point: Rally or Reversal?Comprehensive Analysis of XAU/USD (Gold vs. U.S. Dollar) Across the 1-hour, 15-minute, and 4-hour charts, the current market structure of Gold against the U.S. Dollar (XAU/USD) reveals a critical juncture, with several key technical patterns and liquidity zones influencing potential price movements. --- 1. Overall Market Structure: Large Ascending Channel (4-Hour Chart) - Channel Formation: The price has been trending within a **large Ascending Channel** since early May, with well-defined higher highs and higher lows. This channel serves as the primary structure guiding the market’s long-term movement. - Upper and Lower Boundaries: The upper boundary near 2474.774 (Daily LQZ) and the lower boundary near 2355.819 (Daily LQZ) are critical levels. The price is currently closer to the channel's upper half, indicating potential room for further upside but also a heightened risk of reversal. 2. Intermediate Market Structure: Recent Ascending Channel Breakdown (1-Hour & 4-Hour Charts) - Smaller Ascending Channel: On the 1-hour and 15-minute charts, a smaller Ascending Channel had formed recently, suggesting a potential continuation of the upward move. However, this channel experienced a breakdown, indicating a shift in short-term momentum. - Retest and Flag Formation: Following the breakdown, the price formed a flag pattern. This typically signals consolidation before continuation in the direction of the previous trend (which was down, post-breakdown). The resolution of this flag is crucial for the next significant move. --- 3. Liquidity Zones (LQZs): Key Decision Points - 1-Hour LQZ at 2441.637: A significant resistance level that the price is currently hovering near. Its strength has been tested, and it could either cap the current move or be breached if buying pressure increases. - 4-Hour LQZ at 2458.954: Positioned slightly above the current price, this is another critical resistance zone, closely aligned with the broader channel's upper resistance area. - Daily LQZ at 2474.774: This is a major resistance level that coincides with the upper boundary of the large Ascending Channel. If reached, it could signal an important inflection point. - Support at 2402.417 (1HR) and 2355.819 (Daily): These are key levels of support that could come into play if the price fails to break higher and instead moves downward. --- 4. Volume Analysis: Gauging Momentum** - Recent Volume Trends: Across the charts, volume has shown signs of moderation, particularly during the formation of the flag pattern. This suggests a potential lack of conviction among market participants, which could lead to a volatile breakout or breakdown. - Volume at Key Levels: It will be essential to monitor volume closely at critical LQZs and the flag pattern boundaries. A breakout with strong volume could confirm the direction, while a low-volume move might indicate a false breakout or temporary move. --- 5. Mass Psychology and Market Sentiment - Herd Behavior: The market is at a psychological tipping point. If a breakout from the flag pattern occurs, it could trigger a strong collective buying response, driving the price higher toward the 4HR and Daily LQZs. Conversely, a failure could lead to a rapid sell-off as participants rush to exit. - Overextension and Exhaustion: The proximity to significant resistance levels increases the risk of overextension. If the price approaches the Daily LQZ at 2474.774, traders should be cautious of a potential reversal due to exhaustion of the bullish trend. --- 6. Potential Scenarios and Strategic Considerations - Bullish Scenario: - Breakout Above Flag: A confirmed breakout above the flag pattern, supported by strong volume, could push the price towards the 4HR LQZ (2458.954) and potentially the Daily LQZ (2474.774). - Continuation Within the Larger Channel: If the price clears the 4HR LQZ, it could target the upper boundary of the large Ascending Channel, aligning with the Daily LQZ at 2474.774. - Bearish Scenario:** - Breakdown from Flag: A breakdown from the flag, especially with increasing volume, could signal a short-term bearish move, targeting support levels at 2402.417 (1HR LQZ) and 2355.819 (Daily LQZ). - Rejection at 1HR LQZ (2441.637): If the price fails to break the 1HR LQZ convincingly, it could lead to a retest of lower support levels, indicating a potential retracement within the larger channel. - Neutral/Baseline Strategy: - Wait for Confirmation: Traders might consider waiting for a clear breakout or breakdown from the flag pattern and observe how the price reacts at the nearest LQZs. This approach reduces the risk of being caught in a false move. - Risk Management: Stops should be placed strategically around the flag pattern’s boundaries or key LQZs to protect against adverse moves. --- Conclusion: The XAU/USD pair is currently at a crucial inflection point. The broader market structure, combined with recent developments in the 1-hour and 15-minute charts, suggests that the next significant move could set the tone for the short to medium term. Close attention should be paid to the flag pattern, volume behavior, and the reaction at key liquidity zones, particularly the 1HR and 4HR LQZs. A breakout could lead to a test of the upper boundaries of the larger channel, while a breakdown might see the price revisiting lower support levels within the channel. This is a classic setup where waiting for confirmation before entering a position could offer a strategic advantage, allowing for more informed and controlled trading decisions.
OANDA:XAUUSDLong
by Adlercon333
1
Gold Traders Alert: Crucial Levels to Watch for the Next Trade!Key Components: Chart Type and Pair: The chart is a 1-hour (1H) timeframe for the Gold Spot/U.S. Dollar (XAU/USD) pair. Support and Resistance Levels: Horizontal Resistance Line at $2,446.18: This is labeled as "1HR LQZ" (1-hour liquidity zone), indicating a significant resistance level where price might face selling pressure. Horizontal Support Line at $2,347.82: Also labeled as "1HR LQZ," indicating a significant support level where the price might find buying interest. Trend Lines: There are descending yellow trend lines drawn, indicating a downtrend. The lower yellow trend line has a label suggesting a "Potential 3rd Touch," which typically indicates a possible point for a bounce or reversal. Price Action: The recent price action shows a lower high (LH) formation near $2,446.18, suggesting a downtrend continuation. Two potential scenarios are sketched on the right side of the chart with different colored lines (orange and green) depicting possible future price movements. Analysis: Current Trend: The overall trend appears to be bearish due to the formation of lower highs (LH) and lower lows (LL). Support and Resistance: The price is currently trading between two significant levels ($2,446.18 and $2,347.82). Breaking either level with strong momentum could indicate the next directional move. The price nearing the lower yellow trend line for a potential third touch suggests a possible bounce. If the price respects this trend line, it could indicate a temporary support. Potential Scenarios: Bullish Scenario (Green Path): If the price finds support at the lower yellow trend line and the horizontal support at $2,347.82, it might bounce back towards $2,446.18. Breaking above this level could lead to a further rise. Bearish Scenario (Orange Path): If the price fails to hold the support at the yellow trend line and $2,347.82, it might continue to fall. A break below this support level could lead to further declines, targeting lower support levels not shown in the chart.
OANDA:XAUUSD
by Adlercon333
Can Gold Surpass Its Recent Highs? Expert Analysis Inside!Key Levels: Higher High (HH): Marked near the top at around 2460. Lower High (LH): Slightly lower high indicating a possible trend change. Support/Resistance Zones: Key support/resistance levels are identified on the chart. Lower Time Frame (LTF) Lower High: Indicated by a yellow line, suggesting a lower high on a smaller timeframe within the larger trend. Liquidity Zones (LQZ): Marked on the 4-hour, 1-hour, and daily timeframes indicating potential areas of liquidity. Market Structure: Shorter Time Frame Higher Low: A higher low is indicated on a smaller timeframe, suggesting potential bullish continuation. Barley Missed HH and then pushed down: Indicates a failure to achieve a higher high, followed by a downward movement. Support Rejection: The market rejects off support, suggesting a possible formation of a new higher low (HL). Observations: The market is reacting to support and resistance levels, showing signs of potential trend continuation or reversal. The presence of multiple liquidity zones suggests areas where price might seek liquidity, influencing future price movements.
OANDA:XAUUSDLong
by Adlercon333
4
Gold Price Explosion? Key Patterns Indicating Major Moves Ahead!Technical Breakdown of XAUUSD Overview The chart presents the price action of Gold Spot (XAUUSD). Key technical patterns and significant support/resistance levels are highlighted to provide insights into potential price movements. Key Patterns and Levels Descending Channel: The price previously moved within a descending channel, marked by lower highs (LH) and lower lows (LL), indicating a downtrend. The breakout from the descending channel suggests a potential shift in momentum from bearish to bullish. Support/Resistance Levels: HTF (Higher Time Frame) Support/Resistance: A crucial level providing a foundation for significant price movements, shown with blue lines. LTF (Lower Time Frame) Support/Resistance: A lower time frame level within the channel, highlighting short-term price actions. 1HR Double Top: A resistance level around 2458.3 where the price is currently facing a decision point. Bullish Patterns: 3 Touch Flag: A bullish flag pattern with three touches indicating potential continuation if the price breaks above the resistance. Daily Bull Flag: A larger time frame bull flag pattern suggests a bullish continuation if the price breaks above the upper boundary. Liquidity Zones: Weekly LQZ: A liquidity zone around 2484, which acts as a significant resistance level. Daily LQZ: A zone around 2348.8 providing a major support level. Current Market Conditions: The price is currently testing the 1HR double top resistance. A rejection at this level could indicate a potential short position, while a clear break above could confirm a long position. Trading Strategy: Wait for Confirmation: Traders should wait for a clear rejection or break above the 1HR double top to determine the direction of their positions. Monitor Key Levels: Keep an eye on the support/resistance levels and liquidity zones to gauge potential price movements and market sentiment. Conclusion: Gold is at a critical juncture with significant patterns indicating possible major moves ahead. Traders should closely monitor the 1HR double top and key support/resistance levels to make informed trading decisions.
OANDA:XAUUSD
by Adlercon333
This Simple Error Cost Me Big on XAUUSD! Learn From My Mistakes!Key Levels and Zones Highs and Lows: HH (Higher High) and LH (Lower High) are marked on the chart. The chart shows a recent HH and LH indicating a bullish trend with a potential pullback. Liquidity Zones (LQZ): 4HR LQZ at 2474.891: This zone might act as a significant resistance level. 4HR LQZ at 2432.126 - 2432.046: This zone was previously a resistance level that may now act as support. 4HR LQZ at 2348.453: Another support zone lower on the chart. Daily Bull Flag: A daily bull flag is drawn, suggesting a potential continuation of the bullish trend if the price breaks out upwards. Trading Plan Identify Key Zones: Mark key support and resistance levels on your trading platform. Wait for Confirmation: Look for confirmation signals (candlestick patterns, volume spikes) before entering a trade. Set Alerts: Use trading alerts to get notified when the price reaches key levels. Risk Management: Always use a stop loss to protect your capital. Ensure your risk-reward ratio is at least 1:2. Review and Adjust: Regularly review your trades and adjust your strategy based on market conditions.
OANDA:XAUUSDShort
by Adlercon333
3
Gold's Next Big Move: Is This the Reversal Point?4-Hour Chart Analysis Trend Identification: Higher Highs (HH): The chart shows a consistent formation of higher highs (HH) which indicates an overall uptrend. Higher Lows (HL): The chart also demonstrates higher lows (HL), further confirming the uptrend. Key Levels: Resistance Levels: Around 2,480 and above are marked by HH. Support Levels: 2,429.42 (1HR LQZ / Reversal Point) 2,391.39 (4HR LQZ / TP 1) 2,349.05 (TP 2) 2,288.09 (TP 3) 2,265.37 (TP 4) Price Action: Triangle Pattern: A triangle pattern formed in June indicating consolidation before a breakout. Current Movement: The price has moved up to a higher high but is currently in a retracement phase, testing the 1HR LQZ / Reversal Point around 2,429.42. Projection: Potential Reversal: If the price holds above the 1HR LQZ / Reversal Point, it may indicate a reversal back towards the higher levels around 2,480. Support Tests: Failure to hold may lead to testing lower support levels at 2,391.39 (4HR LQZ / TP 1) and potentially further down to TP 2, TP 3, and TP 4. 1-Hour Chart Analysis Detailed View: Provides a closer look at the recent price movements. Confirms the higher highs observed in the 4-hour chart. Key Observations: Recent High: The price recently reached a new high around 2,480 before retracing. Immediate Support: The price is testing the 1HR LQZ / Reversal Point around 2,429.42, aligning with the 4-hour chart observations. Trading Opportunities: Long Position: If the price shows strong bullish signals and holds above the 1HR LQZ / Reversal Point. Short Position: If the price breaks below the 1HR LQZ / Reversal Point, with targets at lower support levels identified in the 4-hour chart. Summary The charts indicate an overall uptrend with recent higher highs and higher lows. Current price action is in a retracement phase, testing key support levels. Monitoring the 1HR LQZ / Reversal Point will be crucial for determining the next move, whether it will resume the uptrend or test further support levels. If you need further analysis or specific trade recommendations, feel free to ask!
COMEX:HG1!Short
by Adlercon333
Unlock the Secrets: Is GOLD the Ultimate Trade Today?Unlock the Secrets: Is GOLD the Ultimate Trade Today? In this episode, I dive into the current conditions of the gold market, providing a comprehensive breakdown on how to form an objective opinion. Drawing inspiration from "Market Wizards" and "Trading in the Zone," I share insights from legendary traders who emphasize the importance of patience and discipline in trading. Learn essential lessons on patience, understanding that you don't need to force trades or impose your personal bias on the market. Discover why it's perfectly fine to skip trades daily or even weekly if the market doesn't align with your setup. Mark Douglas, in "Trading in the Zone," highlights the significance of a trader's mindset and how maintaining an objective perspective is crucial for consistent success. I also share valuable advice on productive activities to engage in while waiting for the right trade opportunities. Just as the great traders in "Market Wizards" stress, sometimes the best trade is no trade at all. Use this time to refine your strategies, study market patterns, and enhance your trading skills. Remember, running in place won't get you anywhere—focus on strategic moves to elevate your trading game. By incorporating these principles and understanding the psychological aspects of trading, you'll be better equipped to navigate the complexities of the gold market.
OANDA:XAUUSD
by Adlercon333
1
Binance Coin - The $70.000 price target is real!Hello Traders and Investors, today I will take a look at Binance Coin . -------- Explanation of my video analysis: Back in 2020 Binance Coin created a decent bullish break and retest of a horizontal structure which was followed by a rally of 10.000% towards the upside. After this rally, which ended in April of 2021, Binance Coin has been trading sideways ever since. Currently it seems like Binance Coin is preparing another bullish breakout, which could lead us all the way up to $70.000 in the future! -------- Keep your long term vision, Philip (BasicTrading)
BINANCE:BNBUSDLong
by SwingTraderPhilTV
7
Tesla - Don't get caught up!Hello Traders and Investors, today I will take a look at Tesla. -------- Explanation of my video analysis: In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag formation. Considering that Tesla just retested and rejected the upper resistance, there is a quite high chance that we will retest the next support at $120. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLA
by SwingTraderPhilTV
1
SHIBA: Important Pattern - UP or DOWN? 👀👇📉Hi Traders, Investors and Speculators of Charts📈 We observe an important pattern on Shiba Inu - the Flag Pattern, also known as the Pennant. From here, ONE KEY THING will give away where the price is going next. Make sure you know what to look for and don't miss it! Another altcoin to watch closely, is LTC where we recently saw a VERY bullish sign. Find it here: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:SHIBUSDT
by Crypto-Check-
1
Tesla - Wait For The CloseHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: After Tesla started an insane pump of + 3.200% in 2019, we saw a top being created in 2021 and since then, Tesla has been trending towards the downside. You can also see that there is a significant horizontal structure level at the $200 area and Tesla is about to break this level towards the downside. It is best to wait for the monthly candle close before taking new trades. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by SwingTraderPhilTV
6
GOOGL - Weekly analysis after the bullish AI newsWe gapped up heavily and are showing bullish signs after announcement of the potential partnership with AAPL and Google's Gemini. Keep an eye out for a retest of teal - however I would not take this to ATH without being weary of the tapered continuation channels we have in the way (yellow and green) as well as our tapered purple selling channel which is being used to build liquidity. Will update analysis as price develops! Happy Trading :)
NASDAQ:GOOGL
by ReigningTrades
Gold - $3500 TargetHello Traders, welcome to today's analysis of Gold. -------- Explanation of my video analysis: In 2019 we saw a major breakout on Gold which was followed by a +50% rally towards the upside. Then Gold has been consolidating for roughly three years and just four months ago broke out of the flag formation. I am now waiting for a retest of the breakout area which I mentioned in the analysis and then there is a very high chance that Gold will start a new bullrun there. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
OANDA:XAUUSD
by SwingTraderPhilTV
5