The 30m chart has formed a head and shoulders, with support near 2363 and rebound resistance near 2383. If it does not break, go short. The 4h indicator on the trend is beneficial to shorts. This week, the focus is on short trading. The short-term target is around 2348-2333, and the final target is around 2304-2280.
During the session on April 22, gold prices adjusted sharply down after failing to rise above the resistance level at $2,400 and currently the precious metal is trading around the $2,330 threshold. The reason for this partly comes from the easing of tensions in the Middle East, causing demand for shelter assets to weaken. In addition, the strong increase of the...
Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line
Completed " 12345 " Impulsive Waves
Demand Zone
So far a rejection from Coonsequent Encouragement of the OB made last weeks, retracement is duable before targetting the Discount zone of the last bullieh months
short term--- Bullish
long tern ----- bearish
GOLD WEEKLY TIMEFRAME
- Resistance at $2400
- Weekly FVG present below $2300, waiting for an internal raid lower (Yellow Zone)
- Please note the Discount Order Block below the support (Green Zone)
- Price took out the internal liquidity and has moved into our FVG (Yellow Zone)
- Will look on lower Timeframes for a possible trade during trade session...
Hello traders. I caught some pips today but with so much downside I decided to wait to see how the daily closed. Wow. And in total with the new daily candle we have moved down almost $100. Saying that, my analysis from yesterday is still valid. We did drop that far and I am watching the marked area where my buy limit is set. I will adjust and move it down a...
GOLD New Forecast
The price dropped and precisely hit our target of 2302, as previously forecasted.
Currently, the price is still under bearish pressure, aiming for the next target at 2278, before potentially retesting 2302. As long as it trades below 2302, it is likely to reach 2278 and then 2260.
Conversely, if it surpasses 2302, it could potentially rise to...
Gold retreated over $100 from its all-time highs established earlier this month. Interestingly, this move down follows a pullback of similar magnitude in the U.S. stock market, which we have repeatedly referred to as a threat to gold’s spectacular performance; one minor detail to point out here is that this time around, gold seems to be falling in reaction to what...
Am looking for a sell setup on the current market structure. Fundamentals might be the opposite and the market can shoot upside am not ignoring that part but I don't trade that way, I'll avoid any buy setups and focus on sells.
This down wave might break the bullish trend and move a little far and this is based on technical wave analysis and market structure....
XAU/USD, gold/US dollar, is showing signs of a potential drop in day trading. Technical indicators point to a bearish outlook, with the 50-day moving average crossing below the 200-day moving average and the RSI indicating overbought conditions. The US dollar's strength and the Federal Reserve's hawkish stance are pressuring gold prices. Day traders can consider...
FX:XAUUSD is breaking the bullish trend structure, earlier I pointed out that the market is preparing for a reversal amid liquidity capture at the expense of buyers. The market is testing support for a breakout
Idea from April 19: GOLD → One step away from a correction? What's going on?
Selling since the opening of the session. Price is testing local lows...
I'm of the belief Gold is putting in a cycle top in 1-2 months and should fall in the 2400-2500~ range - After this I'm expecting a very long and deep correction lasting many years perhaps a decade - I expect to see gold sub 1k in a few years.
XAUUSD SELL
TP in the chart
SL in the chart
Good luck guys
Note: To reduce the risk on your balance
you have to use only 2% of your balance.
-
-
-
-
-
-❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️.
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has now printed a bearish which confirms the initiation of pullback which was needed by all HTF's.
Following the bearish iBOS we now expect price to pullback.
Intraday expectation would be for price to retrace to H4 POI or 50% EQ to then target weak internal low.
H4 Chart:
M15 Analysis:...
Hello all dear traders!
Overall, as expected, the gold market quickly retreated from the $2,400 level, losing a loss of $65 in just one day.
It can be seen that gold today touched the 2300 USD mark but it quickly bought back the decrease, recovering 10 USD in this period. It is currently trading at $2310. So what are the reasons and factors that cause gold...
We previously observed a bearish reversal on GOLD.
Following a period of consolidation, the market has now formed a significant double top pattern on the 4-hour chart.
The neckline of this pattern, a key support level, was broken during the Asian session with a strong bearish candle.
It is likely that the pair will continue to decline towards the 2270 support level.
