XAUUSD Gold long ideaHello Personally, I'm looking gold to be bullish because today it didn't break 2306.09 full body. That's why I'm seeing that gold wants to go higher, it could pullback to 2312 and move higher from there. TP1: 2337 TP2: 2348 SL:2303 Please trade on your own risk. Good luckLongby Badi_GunnarsUpdated 665
Sell order engaged / #2,252.80 TargetTechnical analysis: My mid-Week Target has been met as NFP improved DX sentiment and decreased safe-haven tone of Gold as Price-action strongly decreased all Hourly 4 chart’s Buying momentum near the Hourly 4 chart’s Resistance zone of #2,382.80 - #2,392.80. It is indeed bad news for Gold’s Buyers since #2,400.80 benchmark wasn't recovered and remained most viable Target for Buyers - in this kind of announcement, market speculators would surely push Gold upwards (according to the fractal) shortly with potential Higher High’s peak and later on deliver aggressive decline. If market closes above #2,318.80 local peak, Gold may find Buyers and extend the recovery towards #2,327.80 - #2,332.80 Resistance cluster. The Volatility is still High however and Gold may look to set a new Support zone first (my rough estimate is around #2,282.80 - #2,292.80) before hitting #2,252.80 benchmark. The Long-term trend remains Bearish (as long as #2,400.80 on Daily chart is preserved / September #2 fractal similarities), but with Daily chart red on all of it’s periods, Gold has to make steeper fall and strong consolidation once Lower High’s peak is tested. Notice how, as discussed on previous reports, the Bond Yields broke it’s Daily chart’s Resistance zone which was much needed for Gold in order to invalidate strong Support, current fractal worked well against Gold’s Buyers which were hoping for correction (Buying every Low’s), but as I already announced, Gold will not deliver non-stop uptrend anymore. Regarding both Hourly 4 and Daily chart, this is an undisputed Bearish trend and #2,400.80 benchmark extension test dangers are now out of equation since Daily chart is pointing to #2,252.80 psychological benchmark test. My position: Since there is only #2,278.80 - #2,282.80 Support between current Price-action and #2,252.80 benchmark and as Bear cycle just started, I have engaged my Selling order with #2,308.80 entry point (optimal Target remains #2,252.80 benchmark).Shortby goldenBear886616
sell! is coming anytimeGold is stuck in the zone and its also at a breakup point If it closes a candle above then its likely the gold will increase or else you knowShortby harshkethwas983Updated 448
Gold Rebounds with Potential for Further GainsGold has found short-term support near 2300 and has rebounded, currently trading around 2330. Major indicators suggest that the bullish momentum has not been fully exhausted. There is a high likelihood of another upward movement in the US market today or early next week, with strong resistance expected around 2352. At that point, the bullish momentum may wane, entering a consolidation phase. If the indicators fail to signal a renewed bullish trend, gold prices could drop below 2300, with the next short-term target around 2268.Shortby faruk401
F3Trend trading is a trading style that attempts to capture gains through the analysis of an asset's momentum in a particular direction. When the price is moving in one overall direction, such as up or down, that is called a trend. Trend traders enter into a long position when a security is trending upward. An uptrend is characterized by higher swing lows and higher swing highs. Likewise, trend traders may opt to enter a short position when an asset is trending lower. A downtrend is characterized by lower swing lows and lower swing highs. KEY TAKEAWAYS Trend trading is designed to take advantage of uptrends, where the price tends to make new highs, or downtrends, where the price tends to make new lows. An uptrend is a series of higher swing highs and higher swing lows. A downtrend is a series of lower swing highs and lower swing lows. In addition to looking at swing highs and lows, trend traders utilize other tools such as trendlines, moving averages, and technical indicators to help identify the trend direction and potentially provide trade signals. Understanding Trend TradingShortby vivekvishwakarmaa4684
New Shorts on GOLD XAUUSDAs previously hinted, some reactions from the questionable/ dubious buy orders/block around the 2304 levels propelled the asset upward, but its price remains below the referenced trading range(marked in purple). The keyword here is 'questionable'; the precious metal might experience some downtime ahead. The chart below provides a higher time frame view of the initial analysis. See related ideas for background information. Remember to conduct your due diligence!Shortby FroggyFXUpdated 331
Gold Sell Zone - 2365According to my analysis & experience gold should first touch 2365, after 2365 we can se big downside move Shortby Goldoperator-Mohit2
GOLD - at today resistance? whats next??#GOLD.. perfect move as per our video analysis and congratulations to all. now market at his today one of the most important resistance 2330 around, keep close that area because if market hold it then you can see again a drop from here, dont be lazy here, good luck trade wiselyby AdilHussain731333114
Gold possible forming an expanding triangle. 12/June/24XAUUSD possible trending up for wave e ( Blue circled) on an expanding triangle in wave B (red). Longby SteveTan5
$XAUUSD - Today’s Setup - 14/06Good Morning Traders ☕️ The zones for today 👀 Keep it nice and clean as is Friday. We don’t want to give the profits made this week back to the market 🤝 Trade smarter, not harder! 💼📈 Don't miss out on potential gains - Hit that BOOST button if you like the idea 👍 Share these 👉 and make sure to Follow me for your daily dose of gold trading analysis! 💯 Remember, always conduct your own analysis before jumping in. No financial advice here.Shortby alexm1011113
XAUUSD, time to SELL? Despite a visible attempt to return to the upside on the LTFs, I am still selling gold on the MTFs. On Wednesday, following the economic announcements, we returned to the bearish equilibrium on the MTFs. The price immediately reacted downwards (we also rebounded on an order block). In my view, there are two possible scenarios: - Continuation of the downtrend without a return to the OTE zone - Return to the order block in the OTE zone before resuming the downtrend. If my 2 zones don't react and we continue the BOS on the LTFs to the upside, then this could mean a change in trend. I will therefore be looking for gold sales over the next few days. Feel free to subscribe and boost this post if you enjoyed my analysis, as well as tell me what you think in the comments. Happy trading and have a good weekend :)Shortby InfiniteY27
Anticipated Price Action and Key Levels of GOLDCurrent Price Level of XAU/USD is trading around the 2,306 mark. Key Support and Resistance Zones: Resistance Zone: The price level between 2,340 and 2,360 has acted as a significant resistance area. Multiple attempts to break above this level have been unsuccessful, indicating strong selling pressure. Support Zone: The price range between 2,280 and 2,300 serves as a critical support zone. This level has provided a strong base in the past, preventing further declines. Price Action Focus: We see that the price is currently consolidating around the support zone of 2,280 to 2,300. Traders should focus on price action within this range to anticipate potential breakout or breakdown scenarios. The market may continue to exhibit range-bound behavior in the short term, bouncing between the aforementioned support and resistance levels. Predicted Movements: Short to Medium Term: Given the current consolidation pattern, we anticipate a possible downward movement if the support zone around 2,280 fails to hold. The next target would be the 2,220 to 2,240 range. Long Term: Should the price break below the 2,220 support level, the next significant support level lies around 2,180. A sustained break below this level could see XAU/USD moving towards the 2,100 to 2,120 range, and possibly even lower towards 2,060 to 2,080. Trading Strategy: Traders should watch for clear price action signals at the current support zone (2,280 to 2,300) for potential long or short positions. A confirmed breakout above 2,340 could present buying opportunities, targeting the 2,380 to 2,400 range. Conversely, a breakdown below 2,280 could offer shorting opportunities, targeting the lower support levels as mentioned.Shortby ezediinzasag225
GOLD - Pin bar bullishA bullish pin bar has formed on the gold chart, suggesting a potential rise in gold prices. If the price breaks above the 2325 resistance level, this would confirm the bullish trend. It is advisable to set a stop-loss in the 2310-2305 range to manage risk in case of a breakout.Longby me22_5
GOLD BUY ENTRYSL = 50 Pips ——— 🚨 Please Always Use Proper Risk Management and Trade Management 🚨 Mind you - Trading always results in a Profit or Loss outcome, You don't have to trade everything you see in the market. Trade only Good setups and we know them when we see them - Be Patient. ⚠️ PROP TRADERS: Risking 0.5% to 1% per trade is a good risk - Don't try to meet your target profit in one go. ⚠️ Be mindful of FOMO - It's best you wait for a better setup than setting yourself up. LESS IS MORE & PATIENCE IS KEY - MaximMintzLongby MaximFxBossUpdated 8
GOLD (XAUUSD): Ahead of CPI, FOMC & FED Rate Decision,Your PlanTraders, please keep in mind that we have important economic events such as the US CPI & FOMC, as well as the FED Interest Rate decision later today. Here is my analysis for GOLD before the news. The pair recently broke through a key daily support level, leading to a new lower low and a correctional move. On the 4H chart, a bearish flag pattern is evident. A break below the flag's support would indicate a strong bearish trend and trigger a sell-off. It's important to note that the previously broken support level now acts as a strong resistance level. On the other hand, a bullish breakout above the highlighted supply zone with a 4H candle closing above it would signal a strong bullish move.Shortby linofx1335
Gold Outlook Remember this setup? Yh, we're moving now... But it's Friday, so yh... Let's see what next week brings ✨ What do you think? Follow if you find value hereShortby pelumiajilore635
Gold BUY & SELL OpportunityAs you can see in the chart, I have highlighted the DR (dealing range). At the moment, GOLD is currently trading at a deep DISCOUNT providing a great opportunity to look for longs. For my trade requirements, I will be waiting for LTF bull BOS to the upside and then I will be entering on a retracement back to the downside before capturing the liquidity resting above. This provides us with both a BUY and SELL opportunity since price will have to trade back up to capture the liquidity before coming back down even further and targeting even more liquidity.Longby daryltroy5
XAU/USD 12 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now pinted a bullish CHoCH which indicates initiation of bullish pullback phase. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Yesterday's intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 11 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has printed a bullish CHoCH which is indicative of bullish pullback initiation. We are now trading within an internal high low. Yesterday's intraday expectation was for price to print bullish CHoCH to indicate, bullish pullback initiation. Price to trade up to premium of 50% EQ, or, M15 supply zone before targeting weak internal low. Bullish CHoCH has been printed. Intraday expectation: Price to trade up to premium of 50% EQ or M15 supply zone before targeting weak internal low. M15 Chart: by Khan_YIK2
XAUUSD LONGThis is hat I have mapped out so far, if you look at my previous post I was originally bearish but now I think once we break the green trendline we have a push upward :) we had a nice dump from our bear flag (look at previous post) but it didnt really give the dump I wanted. lets see where this goes :) HAPPY TRADING!Longby BULLIONAREUpdated 10
still seeking for buyi expect to see such move, i think with some patience we can enter in right position in right price Good luck Arya the traderLongby Aryanouri114
More downside for gold? Yesterday's move up wasnt sustain and now the trend might resume to the downside. Or not. A break below 2300 will open doors for more bears I think. Shortby yann2zenUpdated 1
Check the trend It is expected that the price will change the trend in the current resistance range and we will witness the beginning of the downward trend. If the price crosses the 100% level, it will be possible to continue the upward trend up to the resistance range by STPFOREX1