XAUUSDOANDA:XAUUSD
As you can see that, XAUUSD has created a Flag and Pole pattern in 15Min Time frame. wait for the breakout and take retest entry. Plan your trade accordingly.....
Xauusd(w)
gold at key support on intraday gold is at the neckline support of the head and shoulder pattern and also the 200 period moving average on the hourly timeframe. Both of them together form a substantial support here for the commodity and we can expect some bounce to come intraday from this level.
GOLD sideway waiting for Jackson Hole During the Asian session on Friday, gold prices faced challenges in maintaining their streak of success, hovering around $1,915 per troy ounce. The current focus is on the recovery of the precious metal after experiencing losses over the past four weeks. This anticipation stems from an upcoming speech by Jerome Powell, Chairman of the US Federal Reserve, at the Jackson Hole Symposium.
Despite a stronger US Dollar (USD), gold has displayed resilience due to conflicting discussions within the Fed at Jackson Hole and a recent decrease in bond yields from United States treasury. Additionally, recent economic data from the United States has played a role in supporting XAUUSD's stability amidst these circumstances.
You can set up a SELL order around the price zone 1923-1925. SL 1930. Have a nice day
GOLD sideway waiting for positive signsGold price remains well above key short-term support around $1,897, including one-week Fibonacci 38.2%.
Also, setting a solid floor for XAU/USD is a convergence of the 5-DMA and the previous monthly low, around $1,905.
It is worth noting that the one-day 161.8% and 61.8% one-week Fibonacci join S2 one day of the Pivot Point to add strength to the $1,905 support.
Meanwhile, the one-day 61.8% Fibonacci, the Bollinger middle band above the one-hour high and the previous weekly high together limit the Gold Price's immediate upside near $1,920.
In the event that the bulls break through the $1,920 barrier, Gold Price will rally towards the one-week 161.8% Fibonacci match, the one-day R3 of the Pivot Point and the 4-hour 200-SMA, near $1,937. can be excluded.
XAUUSD BEARISH SPINNING TOP + SELL PROJECTION 27.08.23Reason Behind the Sell Projection
1. Market Clearly on Strong Downtrend.The Bearish Spinning Top candle Stick Pattern Confirms the further Sell Movement towards 1890 which last week Low
2. Fibo retracement Indicator indicates the assset reach the swing High 1924-1930 and then Make continuation of trend
3. Breaked the support @ 1915 and retesting teh area Again
Over all Possible Outcomes
XAUUSD SELL @ 1924-1930
SL 1955
TP1 1900
TP 1854
EURUSD Long Wave Analysis:
The EURUSD pair is showing signs of a favorable long opportunity based on wave analysis. An ABC correction pattern appears to be forming, with the market completing the A and B waves. The C wave, which typically follows, presents a potential long setup.
Wave Pattern: A completed A-wave followed by a corrective B-wave suggests an imminent C-wave rally.
RRR: This setup offers an appealing risk-reward ratio, as the C-wave often covers a substantial distance compared to the B-wave.
Support Confluence: The C-wave's projected starting point aligns with key support levels, enhancing the trade's probability.
Fibonacci Retracements: The C-wave's target aligns with common Fibonacci retracement levels, adding to the technical confluence.
Momentum Indicator: Positive divergence on a momentum indicator supports the idea of a potential upward move.
Dollar Weakness: Considering potential dollar weakness, the EURUSD upward movement could be amplified.
News Impact: Upcoming positive economic releases may further support the long thesis.
Time Horizon: The projected C-wave duration aligns with a medium-term trading horizon.
Risk Management: Place stop-loss below the recent B-wave low to mitigate downside risk.
Monitoring: Continuously monitor price action and adapt to any changing market dynamics.
Remember that trading involves risks, and analysis is based on historical patterns. Stay updated with market developments and adjust the trade plan accordingly.
Slight retracement before the uptrend ⚡️⚡️Gold continued to trade at a 5-month low after the minutes of the July monetary policy meeting of the US Federal Reserve (Fed) were released. The minutes showed that the majority of the bank's officials continued to prioritize fighting inflation, while only a few pointed to the risks to the economy by pushing interest rates too far.
⚡️Yields on 10-year US government bonds hit a 10-month high shortly after the release of Fed minutes, pushing the dollar to its highest level since mid-June, easing attractiveness, driving investors away from non-yielding assets like gold.
⚡️Experts said that the loosening monetary policy of the central bank will help the economy recover better, when consumers can easily access loans for shopping. Financial investors will gradually shift capital from capital-preserving assets such as gold to investing in production and business industries or other profitable assets. This has caused gold to lose its position in the market.
⚡️The gold market is oscillating around the critical level - $1,900, a level where neither the bulls nor the bears have been able to establish a clear direction.
⚡️You can set SELL around 1903-1905, SL 1910, TP 1895, 1890. Wish you successful trading.
XAUUSD ready to make a moveAll eyes are on on Jackson Hole meeting today, Gold is under CPR, and DXY moving in the higher side without breaks, Let's see whats in Friday's menu
Gold and the way to find the bottom⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US.
Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week.
⚡️From a technical point of view, Gold is on a clearly declining range. At the weekly frame, Gold is heading towards the target of $ 1870 as the nearest landmark.
⚡️BUY XAUUSD: 1878 - 1880
❕Stoploss : 1875
✔️Take Profit : 1885
✔️Take Profit : 1890
✔️Take Profit : 1895
Note : TP, SL full to be safe and win the market !
Gold has found a bottom after a continuous decline of 1 month?⚡️Gold price today on August 21 continued to decline and reached 1891 due to the increase in USD and bond yields.
⚡️The gold market was under pressure as US Treasury yields and the dollar index rose. Yields on 10-year US Treasuries hit their highest level in 15 years. The USD index recorded a 9-week high, closing the session at 103 points.
⚡️Bond yields rose ahead of the possibility that the US Federal Reserve (Fed) would maintain the current high interest rates, not to mention the Fed may continue to raise interest rates in September. That creates a challenging environment for gold, which means gold prices are unlikely to rise in the near ter
⚡️Trading plan you can watch to sell gold around the price zone 1903-1905. then the 1906 price zone will become a strong support zone. You can consider buying gold at this price range. expect gold to recover to 1911.
Gold recovers but remains low⚡️Due to higher US bond yields, gold prices held steady near 5-month lows. Markets prepare for the Fed's Jackson Hole symposium for more directional hints on future interest rate cases.
⚡️In recent times, macro data and comments from Fed officials are supporting the possibility that US interest rates will likely continue to rise and stay high for a long time as inflation remains high.
⚡️This will create conditions for the Dollar to continue to dominate the entire market, causing pressure on gold, silver, etc. and other major currencies to correlate.
⚡️Traders will be eyeing the Jackson Hole symposium this weekend, which brings together economic policymakers from around the world. This event is notable and is expected to create strong swings in the market because it can help clarify the monetary policy direction of major central banks, providing more direction to the market. foreign exchange and help determine the direction of gold prices in the short and medium term.
GOLD - Scalping StrategyGold prices slightly extended its gains and successfully continued a third day of gains.
TVC:GOLD hovers around $1,900/oz during the Asian session on Wednesday, showing signs of recovery from four consecutive weeks of losses despite a firmer US Dollar (USD).
However, a stronger recovery is unlikely at the moment.
After days of continuous decline, gold finally showed signs of changing the trend. At first, we can look at the problem as follows:
1. Economic data in the US is showing signs of getting better
2. Inflation may not reach the target of the Fed, but it can also be called cooled down
3. The economic data is giving clearer evidence of the US economic scenario will have a soft landing if the FED is ready to QE after this period.
=> From the above points, I think that Gold is still in a downtrend, and this rally may not be as strong as expected.
You can set up sell order at price zone 1905-1907 SL 1913 TP 1900,1895
Gold trading plan on 23/08/2023⚡️World gold price this morning continued to increase slightly with spot gold up 2.9 USD to 1,897.2 USD/ounce. December gold futures last traded at $1,926.0 per ounce, up $2.30 from dawn yesterday.
⚡️In yesterday's trading session, 8/22. Short-term offsets and some light bargain hunting are believed to have been the hallmarks of the precious metal's rally, after hitting a five-month low in recent times.
⚡️In the afternoon session on August 22, the world gold price once crossed the threshold of 1,900 USD/ounce. However, because the USD and US Treasury bond yields remained strong, attracting money flows, gold price turned back slightly below the threshold of 1,900 USD/ounce.
⚡️The market looks quieter as traders and investors alike turn their attention to the Federal Reserve's (Fed) annual economic symposium to be held this weekend in St. Jackson Hole, Wyoming. All are waiting for Fed Chairman Jerome Powell's speech for clues on the interest rate outlook.
⚡️Trading strategy: You can set a sell order at 1907-1910. SL 1915 TP 1900,1895
Gold buyers seek re-entry but road towards north is long and bumGold braces for the first weekly gain in five while bouncing off the multi-month low marked earlier in the week, piercing the 200-DMA of late. The upside bias gains credence from a looming bull-cross on the MACD, as well as a recovery in the RSI (14) line from the oversold territory. However, a nine-month-old previous support line, close to $1,950, precedes a downward-sloping resistance line from early May, around $1,955 at the latest, to restrict the short-term upside of the XAUUSD. Also acting as a barrier towards the north is a three-month-old horizontal resistance area surrounding the $1,985 and the $2,000 psychological magnet. In a case where the metal remains firmer past $2,000, the yearly high of around $2,067 will be in the spotlight.
On the flip side, the recent low of around $1,885 holds the key to the Gold seller’s entry. Following that, the early-March swing high of near $1,858 and the YTD bottom around $1,804, quickly followed by the $1,800 threshold, will challenge the XAUUSD bears. Should there be a sustained downtrend of the bullion past $1,800, the November 2022 peak of around $1,767 will act as the final defense of the buyers.
Overall, the Gold Price is likely to recover but the reversal of the multi-day-old bearish trend is still unclear to predict.
XAUUSD ,Printed Good Bullish Move...Now what? In Yesterday's trading session, we have seen big bullish spike /short squeeze(correction +Retailer Squeeze + Near to expiry PCR)and gold printed a healthy bullish candle which covered almost 5-session decline.
On the price action note now the main task for bears is to breakdown the daily pivot as bulls now defending daily pivot successfully from last 3 trading day .So if they are able to breakdown the daily pivot then we can expect a decline otherwise now bulls are in good control right now.
For bears the main level to watch is 1925,above this bulls can make another bullish move.
long Gold after breakout from the reversal hns patternHead and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.
XAUUSD under Sell pressurePrice is trading in range on Intra day TF the range is 1885-1905 and from last 3 days price managed to close above the daily pivot and today also currently trading above the daily Pivot, so above daily pivot, there is chance for bulls to re-test the yesterday's high but overall we have seen that bears not giving any chances to bulls in any TF.
to go high bulls need to reclaim the first Major resistance at 1900-05 and then 1910-12
XAUUSD Intra Day Levels Gold Price is still under bearish pressure and bulls are trying hard to break out the 1900 psychological level
in bottomside 1985 is holding well on intraday TF.
If you looking for a sell opportunity then for a Good decline wait it to break down the recent low or wait for rejection on High Volume areas.
Buying is still Limited for scalping only.
DXY Levels to watchIf Price Breakdown the trend-line support then next support is at this zone also if price breakdown from this trend-line then we can see some pullback/correction of price on gold
XAUUSD Key Levels Intraday Gold Still under big sell pressure but as we have seen a steep decline so some retracement is possible but overall it is in bears control .
More Info on Chart
Gold trend is up slightly at the beginning of next week⚡️At the end of the week, spot gold XAU/USD recovered slightly to $1,890, but it remains poised for a 1% weekly drop, the fourth consecutive weekly drop. The metal appears to be consolidating losses after seeing the red for the previous four days and also bullish on risk aversion as the market worries about the health of the Chinese economy.
⚡️The bulls are trying to recover but are still deep in the negative zone. With an ascending slope below its midline, the Relative Strength Index (RSI) shows the possibility of increased buying pressure, while the Moving Averages Convergence (MACD) shows middle red bars count.
Support levels: $1,870, $1,850, $1,830
Resistances: $1,900, $1,906
GBP/USD Wave Analysis: Riding the Profit Wave 📈🌊 🤑 Hold on tight for the GBP/USD profit adventure! We're cracking the code on recent moves (1-2-3-4-5) and diving into the next big thing: correction wave excitement! Let's dive into Wave ABC and snag those gains! 💰
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XAUUSD DOWNTREND + BEARISH SPINNING TOPReason Behind the Sell Movement
1. Bearish Spinning Top Confirms the SELL side Movement
2. Market Clearly Breaked Support 1900 which Make Positive for Sell
3. Market on Downtrend
Overall Possible Outcomes
XAUUSD SELL @ 1900
SL 1930
TP 1840
