OANDA:XAUUSD price breakthrough 2060$ area and now touched 2080$ region, price rejected where there are equal highs surrounded. Now we expect price to fill the liquidity void area and then continue the bullish trend up until 2150$ which is around 700 to 900 pips move. Let’s see how it works out.
Comment down your views!
I don't see gold doing another ATH right now, as if we get macro data that supports USD strength, gold would lose strength relative to USD.
Ideas invalided if closes above OB without a short BoS.
Pair : XAUUSD ( Gold / U.S Dollar )
Break of Structure / CHoCH
Completed " AB " Corrective Waves
Bearish Channel as an Corrective Pattern in Long Time Frame with the Breakout of Upper Trend Line
Rejection from Resistance Level
OANDA:XAUUSD gathered bullish momentum in the second half of the day on Friday and reached its highest level since early January above 2,070$. The benchmark 10-year US Treasury bond yield is down 1% at 4.2%, fueling OANDA:XAUUSD rally ahead of the weekend.
From a technical perspective, the overnight breakout through the $2,040-2,042 horizontal...
Gold surged on Friday, reaching its highest level since early January, surpassing
2,080 as the 10−year US Treasury bond yield dropped by approximately 1.52% following the release of mixed economic data. S&P Global's report indicated an expanding US economy, while the Institute for Supply Management (ISM) highlighted a contraction in manufacturing activity,...
This post will go over 3 wave degrees for $OANDA:XAUUSD.
Minor (30 mins)
Wave 1 came to an end just below the December 2023 high of 2088, meaning we are likely entering a wave 2 of a 5 wave impulse. This can be seen on the image below where:
The diagonal trendline links the high of 2148 till...
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with...
GOLD XAUUSD has confirmed a multi-year breakout on weekly timeframe.
It has been in consolidation mode since 2020 and last weekly candle is the first candle that closed above the big resistance as can be seen on charts.
MA's also are aligned; this definitely looks like its going up 20% in coming months.
Xauusd is almost bullish we have best buying opportunity around 2040 Now Breakout Bull Flag Pattren We Can Take Buying On Retracement Level After Confirmation signal Will Be Available
fakebreakout possbile stop lose is important
dont miss our more updates about gold stay tuned for big signals
DEAR WOLFY TRADERS :
hope you passed a good week so what we have a strong UpTrend and its dangerous to trade it today because market of the Gold(xau) Excitement has increased.
I will update this idea with my own setups for scalp trading. good luck
Gold prices resumed it's upward momentum on Friday, closing the week with gains amid a decrease in US Treasury bond yields. The 10-year benchmark note saw a decline of three and a half basis points, settling at 4.248%. Despite recent comments from Federal Reserve officials suggesting a somewhat hawkish stance, investors responded positively by reducing...