Xauusdshort
XAUUSD Analysis - HTF Long bias with LTF scalp opportunitiesHi Traders,
It's been a while but I'm back version 2.0.
Just a short video breaking down the gold market from the daily to the 15mins timeframe. On the daily, its clear that price is currently sitting in an accumulation range where we could see further bullish expansion from in the coming days ahead.
On the 4hrs and 1hrs, the market is very clearly accumulating but we could see a bearish move towards 2494.00 later today. One could scalp towards this level or wait for the longer term bullish run that could take place from below this low.
Always happy to answer questions so please leave a comment below if you found this helpful or have a contrarian viewpoint.
Happy trading
GOLD Will Collapse! SELL!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2515.7
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2498.3
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Gold looks weak right now. Please see chart.
Hello, a break below 2523 and there is not much recent support.
I have been watching price in a double bottom system and they have so far failed to drive price up much at all. In fact, I think this level might break soon and then below 2523 will bring more sellers in. I could see the weakness early.
If you are a more 'green' trader I do not recommend you be shorting gold in this current market.
If you do risk a mere 0.25% of your capital and keep a wide stoploss zone because price will retrace before making a move lower.
XAUUSD:It could break through 2530
The price continues to fluctuate within the resistance zone. Looking at the 4-hour chart, both the indicators and the current pattern favor the bulls. If the price doesn’t break below the 2517-2511 area before tomorrow’s New York session, we can expect an upward move.
At the same time, the DXY is starting to show signs of forming a bottom, the likelihood of it moving in the same direction as gold is low. Once the DXY successfully bottoms out (which I expect to happen around the 99.5-99 level), it will likely mark the medium-term top for gold. At that point, the trading strategy should focus on selling at high levels.
XAUUSD: Short, target 2463-2452
Gold is fluctuating within the 2508-2519 resistance range, and indicators are starting to show weakness. A pullback is expected next week, and a second test of the resistance near 2519 cannot be ruled out. From the overall trend perspective, I lean towards the likelihood that it won’t break through, leading to a significant drop. The first major support during the decline is around 2500, followed by 2488-2477, and finally around 2452.
If strong resistance is encountered near 2520 and it fails to break through, a double top pattern could form, making a drop to around 2452 highly likely. Therefore, in next week’s trading, focus on observing the resistance and prioritize short positions.
The range of the fall increasesThe range of the fall increases
At the moment, the gold market is showing significant attention from investors amid geopolitical instability and inflation risks. Gold prices remain high as investors seek protection from potential economic downturns and uncertainty in the financial system. In addition, rising interest rates in the US could put pressure on the desired price level, leading to some volatility in the market. Analyzing data from fundamental analysis such as unemployment rates, GDP and inflation forecasts can help investors make more informed gold trading decisions.
Missed the Gold Drop? Re-Entry Strategy After Key RejectionOverview: The provided XAU/USD charts show a market structure that's testing key liquidity zones (LQZ) and possibly forming reversal patterns. Your trading archetype, a mix of Bold Maverick and Analytical Rabbit, suggests that you likely lean towards taking calculated risks but need confirmation before executing trades. This archetype blend requires balancing decisive action with thorough analysis, especially when you miss an initial trade idea.
1. Multi-Time Frame Analysis:
4H Chart:
The price reached a significant resistance at the 4H LQZ around 2531.595, forming a double top structure within a descending channel. This zone is a potential area for strong reversals.
The recent rejection at this resistance indicates a potential shift in market sentiment from bullish to bearish.
1H Chart:
There's a descending channel visible, suggesting a bearish trend in play. Price is currently at a 1H LQZ around 2494.550, which has acted as support in the past.
The rejection at the upper boundary of the descending channel aligns with a confluence at the 4H resistance, enhancing the likelihood of a reversal.
The current price action is consolidating around this 1H LQZ, indicating potential for either a bounce or a further decline.
15M Chart:
Shows a recent sharp decline from the 4H LQZ, confirming the bearish momentum. The price is currently hovering around a minor support within the larger 1H LQZ.
The rejection from the 4H resistance, coupled with the bearish momentum on this lower timeframe, reinforces the potential for further downside.
2. The Rule of Three & Patterns Within Patterns:
The "Rule of Three" indicates that after three touches to a support/resistance level, a breakout is more likely. The charts show multiple touches on both the descending trendline and support level, suggesting an imminent breakout or breakdown.
The structure seen in these charts is a descending channel within a larger potential double top, a clear example of "patterns within patterns." This amplifies the probability of a significant reversal.
3. Entry Types and Missed Opportunity:
Since you missed the initial trade, you could look for:
Reduced Risk Entry:
Wait for a pullback to the LQZ after a confirmed breakout below the current 1H LQZ. You could then enter a short position, targeting a lower liquidity zone or the next support level.
This approach is less aggressive and aligns with your analytical nature.
Re-Entry Strategy:
If the price revisits the 4H LQZ and shows signs of rejection again (like a bearish engulfing pattern or strong wick rejections), this could offer a new entry point for shorts.
4. Psychological Coaching:
As a Bold Maverick, it's essential to stay disciplined and not chase the trade you missed. Instead, analyze the market's next move:
Mass Psychology:
Recognize that other traders might also be reacting to the missed opportunity, leading to a possible pullback (which you can capitalize on).
Stay focused on your strategy and avoid the temptation to overtrade or enter prematurely out of frustration.
Final Thoughts:
Given the charts' current state, patience is crucial. Wait for the market to present a clear re-entry opportunity that aligns with your mix of risk-taking and analysis. Watch for a strong, confirmed break below the 1H LQZ or a pullback to the 4H LQZ with a bearish confirmation before entering your next trade.
Gold ideaAs we have mentioned earlier gold will go down in short term and it has shot to its global resistance level and its rejecting its 2519 level support level but as we can see price is telling us it can move downward 👇 and will towards its immediate physiological level of 2550 level of resistance
So keep trading
GOLD shortSeeing the demand weakening, I have decided to open a short right on a FVG that was formed and wait for a reaction to a temporary swing low. It really looks like gold is going to fall quite a bit but well, one step at a time. The important thing is to generate profits and protect capital. OANDA:XAUUSD
The market is expecting the US to reduce interest rates.World gold costs improved no matter the quantity of USD recovered. Recorded at 9:forty five a.m. on August 28, the United States Dollar Index measuring the fluctuation of the dollar with 6 principal currencies changed into at 100,575 points (up 0.12%).
The new rate of gold discussion board improved amid enhancing person sentiment. The US client self belief index in August painted an positive picture, growing to 134.four from 133.1 in July.
The catalyst for the weak spot of the USD/ounce may also originate from the cease of June whilst worries started to shape across the US Federal Reserve`s (FED) cappotential to pivot to normalizing hobby rates. .
This sentiment changed into bolstered via way of means of Fed Chairman Jerome Powell's current speech on the Economic Symposium in Jackson Hole, Wyoming. Those who spot Powell's overall performance certainly verify that the technology of sturdy hobby gains, which started in March 2022, is over, with the primary bearish take advantage of probably to take vicinity in September this year.
✅ OANDA:XAUUSD BUY 2504 - 2501💲
➡️TP1: 2510
➡️TP2: 2520
🚫SL: 2490
✅ OANDA:XAUUSD SELL 2516 - 2519💲
➡️TP1: 2500
➡️TP2: 2490
🚫SL: 2530
Gold Analysis 8-28 Asia/LondonPrice has dropped from Asia Session. Found Rejection again on 2525 .
DXY is gaining strength and can has some room to upside to pump. Sell side liquidity at previous days low around 2500 and also lower around fridays lows. 2495
Looking for an area to enter at better discount. will wait for london / Ny session.
Good luck Traders
Risk Management#1
check my profile for more info
XAUUSD Sell XAUUSD took out buyside liquidity at 19:00 NY time today and dropped. Anticipating price to return to the volume imbalance and FVG during London session before taking out the sellside liquidity (Previous Day Low).
Nevertheless, price could do exactly the opposite and take out the Sellside first before moving further up.
Short gold! Phased target: 2460-2450!After gold broke through last Friday's high yesterday, the market was expecting gold to rise further or hit the previous historical high. However, gold only rebounded and hit around 2526 before falling under pressure. Obviously, we shorted gold near 2525 yesterday and successfully hit our TP: 2510. Many people laughed at me for shorting gold in the chat room yesterday, but time once again proved that I was right. This is the charm of market trading!
Although gold is currently at a high level and seems strong on the surface, as the bullish momentum weakens, the resistance area is gradually moving down, while the support is gradually being broken. Today, gold continued to fall from around 2518, and the gold short momentum is gradually strengthening. Therefore, I expect the adjustment range of gold may continue to expand. Therefore, in terms of trading, I still maintain the idea of shorting gold on rallies. At present, the 2518-2520 area is regarded as a short-term resistance, and the further resistance area is located in the 2525-2530 area. The retracement target is first bearish on falling below the 2500 mark; if you want to look at the band, then the retracement stage target can be the 2460-2450 area.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD Daily Chart AnalysisHere's a detailed breakdown of the XAU/USD daily analysis to guide your trading decisions:
Buy Scenario:
Trigger Point: Watch for the daily candle to close above 2519.208. This level is crucial as a close above it signals a potential bullish trend.
Target: Should the buy signal be confirmed, set your target at 2531.800. This target suggests a move of at least 100+ pips, giving you an opportunity to capture significant gains.
Action: If the candle closes above the specified level, consider entering a buy position. Monitor the price closely to adjust your strategy as needed.
Sell Scenario:
Trigger Point: Look for the daily candle to close below 2509.722. This would indicate a bearish shift and signal a potential selling opportunity.
Confirmation: After the close below this level, wait for a Change of Character (CHOC) confirmation to validate the bearish trend. CHOC helps ensure that the market is indeed shifting direction before committing to a sell trade.
Target: If the CHOC confirmation is met, aim for a sell target of 2494.200. This setup provides an opportunity to gain at least 100+ pips.
Action: Once you have the CHOC confirmation, enter the sell trade and monitor the price movement closely. Adjust your stop-loss and take-profit levels to manage risk and maximize returns.
Summary:
Buy if the daily close is above 2519.208 with a target of 2531.800.
Sell if the daily close is below 2509.722 and confirmed by a CHOC, targeting 2494.200.
Keep an eye on these levels and be prepared to act according to market conditions. With these strategies, you can position yourself to potentially capture significant profits. 📊💰
Sideway accumulation - XAU around 2500⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) dipped on Tuesday as the US Dollar showed modest recovery. However, Jerome Powell’s hint at Jackson Hole about potential rate cuts could lend support to the precious metal, as lower interest rates make gold more attractive. Rising tensions in the Middle East may also boost gold’s appeal as a safe haven.
China's central bank (PBOC) paused gold purchases for the third consecutive month in July, raising concerns. Traders are eyeing August data for new clues, but worries over China's sluggish economy and declining demand for precious metals could weigh on gold prices.
On Tuesday, the US will release its Consumer Confidence and Housing Price Index data, with the focus later in the week on GDP and PCE figures.
⭐️ Personal comments NOVA:
Gold price is still in an Uptrend in the long term, still needs additional sideways accumulation to create force to reach a new higher ATH.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2494 - $2496 SL $2491 scalping
TP1: $2502
TP2: $2508
TP3: $2515
🔥BUY GOLD zone: $2484 - $2486 SL $2479
TP1: $2495
TP2: $2502
TP3: $2520
🔥SELL GOLD zone: $2545 - $2547 SL $2552
TP1: $2538
TP2: $2530
TP3: $2520
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold’s Bullish Path: Will It Hold? What to Expect NextThis idea focuses on Gold's short-term potential based solely on technical analysis.
If you have a different perspective, please share your thoughts in the comments.
--Overview--
Gold has been on a bullish run since the beginning of July, successfully breaking through the $2,450 mark after multiple attempts. However, it is now encountering resistance around $2,530. If the current momentum weakens, there's a risk that Gold could retrace to the $2,420-$2,450 range. It's important to note that this potential short-term pullback doesn't impact the long-term outlook, which remains strongly bullish.
My reasoning is as follows,
In this view, Gold is currently attempting to break through the $2,450 resistance level, highlighted by the yellow trend line.
When Gold reached a new all-time high at $2,480, it reinforced the bullish sentiment, fueling further momentum. We can see the momentum shift clearly because after the new ATH Gold didn't fall back to 2300$ but instead kept its position at around the yellow circle.
Gold starts moving with the steeper bullish trend shown as blue.
This is what concerns me..
Gold already reached the top of this trend. If momentum doesn't increase further more, a short-term pullback seems likely.
I see two potential scenarios that could sustain the current short-term bullish momentum without a loss.
First, Gold could attempt to retest the upper boundary of the blue trend. If it gains additional momentum, possibly fueled by increased buying in anticipation of a new all-time high, this could extend the bullish move.
Alternatively, Gold might experience a slight pullback, falling to around the midpoint of the blue trend. If momentum shifts again creating a higher low inside the blue trend, this could spark a stronger bullish rally.
With that being said, I find both of these scenarios difficult as of Today.
What is possible then?
I have narrowed down the timeframe...
A retest of the upper boundary around ~2530$ or possibly ~2540$.
Or no retest at all, and a pullback to ~2420$ which is still very bullish on the weekly chart.
Beyond this level, it's difficult to make a fair assessment. We’ll need to wait and see how it plays.
I have included this perspective to better make sense on the sell pressure around the last weeks all-time high.
This idea is based on my opinions and expectations, please don't forget to do your own analysis before taking risks.
XAUUSD:If it cannot break through the 2525-2531 range, go short
Overall, gold's movement today hasn't been significant. After entering the resistance zone, it hasn't managed to break through. Currently, the 30-minute chart shows signs of turning bullish, while the 2-hour chart indicates that the bears are gaining momentum for an attack.
So in tomorrow's trading, if the price lingers around the resistance level without breaking through for an extended period, there's a high probability of a larger drop compared to today's intraday decline. The trading strategy is quite straightforward: focus on the strong resistance area between 2525 and 2531. If weakness appears, go aggressively short, targeting below 2500.