This is my TopDown Analysis on Gold on Daily and 4 Hour time-frame, and about what we expect from the Market in coming days, according to SMC. Thank You.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate....
As we can see price is retesting previous High If monthly candle able to hold this retest price will pump back to 2020-2050-2070
this is for swing traders
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Trader_Muru
💡After breaking the Support line , Gold managed to attack the Resistance lines with a Bullish Marubozu Candle .
🌊Regarding Elliott wave theory , Gold is completing a Zigzag Correction(ABC/5-3-5) so that Gold is currently completing the microwave 4 of the main wave C .
🔔I expect Gold to start rising again from the 🟡 Potential Reversal...
✅As I expected in yesterday's post , Gold started to rise again after breaking the Resistance lines and reacting to the upper Resistance lines and the 🔴 Resistance zone($2,071_$2,054) 🔴.
🌊Regarding Elliott wave theory , It seems that Gold has completed the Zigzag Correction(ABC/5-3-5) on the Resistance lines and the 🔴 Resistance zone($2,071_$2,054) 🔴,...
Analysis of XAUUSD in the M15 timeframe using the SMC method
4H is bullish => currently is pullback dow
M15 is bearish => currently pullback up
We sell down when we reach the order block
#GOLD.. market very well hold your area 2056 in first go then break and upside placed your targeted area 2063 around.
well guys now keep close that level because it market upside important area. next further rise will continuew above 2063 .
dont be lazy here, stay sharp.
good luck
trade wisely
Gold on the prompt to sell through to the 40's,where the key sell momentum is depicted at 59' through 63', to activate a potential sweep above the 60's , A flow to flow order , the afterall momentum is bullish , follow for more insights ,comment , and boost idea if its helpful
Look out for buy at retracement zone 2041-2037 with target TP at 2048, 2053 or 2063 and SL at 2035
OR
Check out for breakout at 2035 for sell at zone 2037-2033 with target TP at 2028, 2023 or 2018
Gold seems to be looking for more upside action after withstanding a very sharp drop to end last week. Based on macro analysis, I believe that Gold will retest $2110 in the days ahead, however I'm also expecting this upside test to fail establishing support, ultimately sending price back below $1900.
What's your thoughts on the world's favorite 'safe-haven?
Hello Traders! Let's delve into the recent movements of Gold (XAU/USD) on the daily timeframe, exploring potential opportunities:
📉 Patterns Unfolding: V Bottom & AB=CD Formation
The charts reveal the presence of a V Bottom pattern, coupled with an AB=CD formation, signaling the potential for a bullish upswing.
🔍 Current Scenario:
Notably, the price has...
Here we see EW possible count looking for correction on xaueur..also possible with other metrics,now what's needed is a setup..we hide in the bushes waiting for the shot..Risk management..GL..engagement encouraged below..got a chart?post below
#GOLD.. market in first go very well hold your upside area 2056
its our one n only area in today that can change the overall scenario of chart.
keep close it.. if market hold 2054 then you can see again drop to towards again supporting areas.
upside and downside areas are mentioned on chart.
good luck
trade wisely
FX:XAUUSD is holding strong, yesterday's economic news also supported the price. The price of metal forms numerous retests of resistance, as well as forms a pre-breakdown consolidation.
The complexity of the situation is that we have a very narrow range and within this range the market maker will gain liquidity by any means, but sometimes there are...
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
Data showed that the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar and making gold cheaper for investors holding other currencies. Fed officials have chosen to downplay recent data showing a rebound in price pressures last month and instead focus on overall...
