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XAUUSD - 4H Bearish signals in GoldAre you ready for a new week of trading? Let's delve into the analysis of GOLD (XAUUSD) using the 4-hour chart and assess our expectations for the upcoming period. The current price action of XAUUSD is exhibiting several signs that suggest another downward movement in the beginning of this week, possibly leading the price to reach the bottom of the trading range or at least a break-even zone. This forecast is underpinned by various underlying reasons, which I will elaborate on below. Firstly, upon analyzing the chart, we observe that XAUUSD has formed a lower low and a lower high. This pattern indicates the potential continuation of a new bearish trend in the market. Such lower lows and lower highs often signify a shift in sentiment towards selling pressure. Secondly, the recent price movement reveals a significant presence of sellers in the market. The appearance of two consecutive red candles at the end of last week points to the dominance of sellers, exerting downward pressure on the price of gold. Furthermore, the buying activity appears to have weakened, leading to doubts regarding the ability of buyers to surpass the resistance zone. This uncertainty is evident from the last rising leg, which exhibits less strength compared to the previous one. A less robust upward movement suggests potential difficulty in breaking through resistance levels. In summary, the technical analysis of the XAUUSD 4-hour chart indicates that the market is likely to experience a downward movement in the coming week. The combination of lower lows and lower highs, along with a notable presence of sellers and weaker buying momentum, all contribute to this bearish outlook. However, it's essential to keep in mind that the financial markets are influenced by various factors, and unexpected events or news may alter the anticipated direction. Traders should exercise caution, implement risk management strategies, and stay informed about any developments that could impact the gold market. Always remember that trading involves inherent risks, and one should carefully assess their risk tolerance before making any investment decisions.
FX:XAUUSDShort
by Sober_Trading
1
Candlestick pattern: 1 Hour RetraceThe 1 Hour Retrace pattern is a candlestick formation with great potential for success and strength. This pattern originates after a false breakout of the level in which the price is contained, for example, in a channel. The beginning of this pattern occurs when one of the candles breaks outside the levels that contain the price and, subsequently, the next candle forcefully returns inside the pattern, closing within it. This indicates a false breakout and that the new price direction was incorrect. The stronger the candle on the return, the higher the probability that the price will swing back to the previous levels before the false breakout.
BITSTAMP:ETHUSDEducation
by JRiquelmeTrading
Candlestick pattern: Bullish Triple FormationThe 'Bullish Triple Formation' is a pattern in which two large bullish candles appear, separated by three small bearish candles. These three bearish candles make new lows and are contained within the body of the first large bullish candle. This pattern occurs in an uptrend and is interpreted as a correction of the trend after an upward impulse, indicating a potential continuation of the bullish movement thereafter. It's important to note that this pattern may have variations, as instead of three candles correcting the first large bullish candle, there can be two or more than three. The reliability of this pattern is high; however, it is still a single signal that should be accompanied by others to increase the probability of success in our analysis.
NASDAQ:TSLAEducation
by JRiquelmeTrading
1
Metrics: Expected Value (EV)Expected Value (EV) is a statistical concept that indicates whether our trading system or strategy will yield positive, negative, or neutral results in the medium or long term. It is based on previous results. As we know, past performance does not guarantee future results, but it helps us get an idea of how it might work and allows us to base our decisions on objective terms. The formula for calculating Expected Value (EV) is as follows: Expected Value (EV) = (Win Rate * Average Win) - (Loss Rate * Average Loss) When interpreting the result, it indicates whether you will gain or lose in the medium or long term per unit of currency at risk. An example: A trader achieves an expected value of 0.5 with their trading operations. This means that every time they risk 1€ in the market, they gain 0.5€ in profit.
BITSTAMP:BTCUSDEducation
by JRiquelmeTrading
1
Candlestick pattern: Confirmed HammerA Hammer candlestick is a single-candle reversal pattern that indicates a potential change in the trend direction. These candles are typically characterized by a high or low that is significantly distant from the closing price, with the shadow being at least twice the size of the body. Like any candlestick pattern or analysis tool, its reliability increases with the presence of more confluences or signals. Therefore, in this case, we choose to trade this pattern when the confirmation criteria are met. However, in practice, there may be other factors to consider that could influence the decision to enter or not enter a trade. Additionally, there is another type of confirmation for this pattern. The most secure confirmation (but with less projection) would be to wait for the candle following the Hammer to close above it (in the case of a reversal to the upside). This would indicate that the rejection of continuing the current trend is genuine and that a change in direction is more likely.
PEPPERSTONE:CRYPTO30Education
by JRiquelmeTrading
GOLD (XAUUSD): Bearish Outlook Explained 🥇 Gold perfectly respected a key horizontal resistance and a falling trend line on a daily, forming a double top pattern. The neckline of the pattern was broken this week and it is a very important sign of strength of the sellers. I think that the market may drop lower. For entries, consider the underlined confluence zone based on a trend line and the underlined resistance. ❤️Please, support this video with like and comment!❤️
OANDA:XAUUSDShort
by VasilyTrader
14