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Xauusdanalysis

Levels and Zone: 🪙XAUUSD |💱GBPUSD|💱AUDUSD|💱GBPJPY|💱CADCHFOANDA:XAUUSD 1) XAUUSD - GOLD 4HR TF On 4h TF we can see it made bearish flag and pole pattern and gave breakdown of it. 1865 is critical flip level. And as of now we can see it made clear 1860-1870 range. As of now major trend is bearish for Gold. Please refer below 4hr TF chart ________________________________________________________ 2) GBPUSD- 2HR TF Please refer below 2hr TF chart Chart shows clear two scenario as of now. ________________________________________________________ 3) GBPJPY- 4HR TF We can see clear range on 4hr TF. Breakout of 159.75 will be good opportunity to go long. Till then it is scenario of sell on resistance and buy on support. If resistance taken out then it will be long trade and if support taken out then it will be short trade. Please refer below 4hr TF chart ________________________________________________________ 4) AUDUSD- 4HR TF On 4hr TF it made rising wedge/ bearish flag and pole pattern and gave breakdown of it. It has many supports till 0.6860 level. Breakdown of 0.6850 will be more bearish. There will be also chance that it will bounce back from that support. Please refer below 4hr TF chart ________________________________________________________ 5) CADCHF- 4HR TF It as of now it gave breakout of triangle pattern on up side. If it comes down to retest upper line of triangle pattern and makes any bullish candle there on 30 or 1hr TF then go long with SL of low of that bullish candle. Please refer below 4hr TF chart ***************************************************************** Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with SL as per your risk appetite and also take position as per your risk capacity. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
OANDA:XAUUSD
by Trading_hawk
My Elliotical Approach to XAUUSD Short.Hello traders! 1. We see 5 distinct waves each with their own seperate qualities as clearly mentioned on the chart. 2. We see and ending diagonal in wave v , which was followed by a swift and sharp wave (A). 3. Wave (A) retraced 61.8% which also happens to be a major resistance of the XAUUSD market on the daily tf. 4. Wave (A) also divides in 5 waves which I have not marked on the chart. This is so, because wave 1 and wave 2 of wave (A) seem to have operlapped a bit with wave 2 retracing close to 100% of wave 1 . This can happen in highly leveraged markets. For those who are new to Elliot Wave Theory, wave 2 should not retarce more than 100% of wave 1. 5. Wave B of a correction consists of 3 waves of which 2 waves are impulsive. B is considered elliotically non-tradable . But it components are impulsive and some part of it can definitely be traded. 6. Important resistance and support zones on the chart also point towards reversal of the XAUUSD market. 7. We do have to wait for the formation of wave 1 and wave 2 of (A) wave for confirmation . 8. Definitive targets and invalidation points will come in existence after confirmation. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
OANDA:XAUUSDShort
by UnknownUnicorn27677748
2