Today, the top is still paying attention to the pressure of the previous high of $2531. Before it breaks, you can go short and look for a retracement. The first target is $2510. After falling below the level, follow the trend and then look at $2500-2485. If it unexpectedly breaks through in the evening, the bullish side can extend to 2540. You can go short again...
Looking at H1 we see that we are currently expecting a purple abc wave structure to complete
- With the target of wave C I identified at the 2525 - 2528 area, this is also our sell target price area
- After the end of the abc correction wave I expect a 5-wave pattern in a downtrend to complete the larger orange correction wave 2.
- At that time, I measured the...
Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 123 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Resistance Level
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
On Tuesday 20 August 2024 price printed all time high.
Thursday 22 August 2024 price printed a bearish CHoCH which indicated bearish pullback phase initiation. Printing of bearish CHoCH has also confirmed internal range.
Thus far, over a period of 12-days, price has been unable break weak internal high...
GOLD has hit a horizontal
Resistance level of 2527.38$
And we are already seeing a
Bearish reaction so we will
Be expecting a further
Bearish correction !
GOLD made a bearish
Breakout of the key
Horizontal level of 2505.38$
And the breakout is confimred
So after a potential pullback
To retest the new resistance
Above we will be expecting
A further bearish continuation
REASON FOR FALL
Core inflation is the change in the costs of goods and services, but it does not include those from the food and energy sectors. This measure of inflation excludes these items because their prices are much more volatile. It is most often calculated using the consumer price index (CPI), which is a measure of prices for goods and services.
Key...
Hola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist XAU/USD "GOLD MINES" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the...
Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12 " Impulsive Waves
Break of Structure and Retracement
Demand Zone
Bullish Channel as an Corrective Pattern in Short Time Frame
CHOCH
Based on the 1-hour analysis, the price is consolidating near the resistance area. I'm personally looking for a selling opportunity around the 2509.00 zone.
There’s a chance the price could drop directly from here without testing our zone.
Avoid placing advance orders for now and wait for strong bearish confirmation before entering.
#XAUUSD
Let'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!
Gold Price Forecast
Experts expect that the opportunity of the Fed reducing hobby costs through 25 foundation factors is increasing, that could make gold charges prone withinside the close to time period.
Ole Hansen, head of commodity method at Saxo Bank, predicts that the August jobs variety isn't always sufficient for the Fed to reduce through 50 foundation...
Today’s bullish trades have been relatively smooth, with the price now hovering near a key resistance zone. From a technical perspective, if a breakout occurs, the next upside target would likely range between 2510-2518. However, if the price fails to break through this level in the near term, there is a high probability that we will see a move towards the 2452...
Following Friday's significant decline, gold's technical indicators are showing signs of recovery, suggesting a short-term buying opportunity at lower levels. The upper resistance zone is between 2508 and 2514, which appears strong based on current market conditions.
The probability of a direct breakout above this zone is low. Therefore, if the price reaches...
Looking at H1 we see a 5-wave structure has ended and then the price has decreased to the 2491 area.
- Looking at the current price structure, we expect the price to create a new bullish structure larger than the current structure, which I denote as the orange structure
- So with the 5-wave orange structure, we expect wave 1 to be completed
- And now wave 2 I...
Hola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist XAU/USD "GOLD MINES" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the...
Maverick Approach: As a Maverick, you're always looking for opportunities to make aggressive moves when the risk/reward seems enticing.
Here's what stands out:
Retracement into a Key Support Zone:
The price is pulling back near the lower support channel and hovering around 2,498.860, just above the earlier consolidation zone. A Maverick would see this as a...
