Goldbuy
Not all scenario is bearish on GoldHi, Gold also has bullish scenario in play, i will watch this pullback closely to see which scenario plays out or if we have another lower low (which is my primary after pullback), then this bullish scenario could be invalidated.
Am not gonna force my analysis but gonna adapt based on what market gives me.
trade well,
Alex
XAUUSD 1H View Hello
Hope you had a blue day as we did with our analysis and signals,
Nothing much to say today we keep our view as the same as yesterday with the 4H chart , Gold has swung with the highlighted areas and done them perfectly. and it's on his way to test the Daily trend line .
OANDA:XAUUSD
Buy Targets 1836 / 1846
Sell Targets 1822 / 1815 / 1811 / 1806
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Forexens
Potential Cup & Handle In DemandGold - Potential Cup and Handle Forming in HTF Demand, momentum has broken but still no real BOS/confirmation for reversals, if current supply holds ill be looking for sells if demand holds i'll be looking for buys, waiting for confirmations.
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
XAU - 1H - BUYGolden Delta Fibonacci and AB = CD and two heads and shoulders on the Support. And that the price has created a great balance by returning itself from the 1850 range, which should also be taken into account.
Considering the news of World War and US interest rates, it can have a good trading position for us.
However, the Golden Delta itself is a great trading position and we can see a lot of reactions to the 618 so far. I hope you are always profitable.
Golden Dragon
XAUUSD Gold : Launch to space? Or 1890 retest? 22.4 Jerome Powell, chairman of the FED yesterday basically confirmed a May rate hike.
But ask yourself seriously - Is inflation going to go away due to this? Will this save a bleeding economy?
Gold practically called the bluff on FED's comments AND the rising bond yields.
As you can see, post FED meeting we have the Gold keep the support trend-line since the start of the year.
Since breaking above the consolidation breakout , circled on the chart, Gold spiked up by about $70 , it is normal for a technical correction down to take place at such scenario, as we see with the price action now.
If the week closes above 1935-37 , which is the support trend-line since Jan 2022, the bull trend is kept and a new high will be in sight.
**A weekly close today below 1937-35 will confirm potential downside 1890 - Although this scenario is less likely, it is still technically possible.
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XAUUSD Gold : 20.4 , Decision making time! Focus up!Guys and gals, let's shut down emotion and think.
Connecting higher lows since the beginning of 2022 show strong support between 1935-1940.
Is there any fundamental change to what is going on for the last 4 month? Is inflation gone away? Is certainty back controlling the market?
If the answer is NO, why would Gold break down this significant level?
Inflation and uncertainty is extremely bad and getting worse, providing strong fundamental backwind for the Gold to continue to rally.
Also, from a technical perspective, we see a 'falling wedge' pattern, which is a bullish continuation pattern of consolidating highs and lows in a sharp slope down.
With a break above the 'falling wedge' - Once again, a new high will be targeted for Gold, with 1960, 1980, 2000, as immediate possible targets, a break above 1954 with a close would be founded confirmation.
If Gold breaks below 1935, it could could continue down to 1890 - This is the less likely scenario and would be a surprise.
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GOLD LONGdaily; bullish trend line, the price has been rejected from the same supply/demand zone twice, and we have an engulfing daily bullish candle which means there are a lot of bulls stepping in into the market.
4h; price finally broke that range with those 2 momentum candles, my current confirmation is that the price is above the ema's but I am still waiting for a complete break of the s/r zone with a momentum candle then I will instantly go to 1h for an entry if my risk to reward is good
SL: previous HL
TP; previous HIGH
sentimentaly 54% retail traders are short so m confident wth my long but again always thinking of probabilities anything can happen at any moment, manage ur risk to reward.
GOLD – SPOT: Waiting For A Pullback To ‘Event Area’ SupportGOLD – SPOT: Waiting For A Pullback To ‘Event Area’ Support
Price Action: Price moved lower from the recent Bearish Pin Bar Signal that had formed earlier this week (We did not consider trading this signal).
Price moved significantly higher from the prior Bullish Pin Bar Signal (Event Area) that had formed around 3 weeks ago (We suggested trading this signal in the April 4th, weekly newsletter and hopefully some traders got on board).
Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar Signal (Event Area).
GOLD | To The Top Again?As we see in the daily chart of XAUUSD, we have a perfect Double Bottoms pattern.
Its Neckline level ( around 1971 ) had a breakout & retest action. And the last day of the last week ( 15April ) left a bullish candle behind, as a sign of an upward continuation. And that makes the current price level is a perfect place for Entry Point.
The price possibly continue moving up till the highest resistance again ( around 2050 ). And the Clean Traffic on the opposite side of the ( W Pattern ) may help this scenario to be done. Noticing that we have more resistance levels on the other low time frames.
Don't Forget: "The Market Is Always Right"
So nobody can predict the market, good traders only react to it.
Gold: Ups and Downs 🎧I guess some of you guys still remember the song Ups & Downs by rap icon Snoop Dogg. At least the Gold does. It even seems like the song is blasting through the Gold's headphones on repeat these days. Against the overarching down trend, it is currently working on an intermediate high. The associated waves in blue and C in orange should end in the blue zone between $2057.30 and $1983.60. After making this high, the course should continue its movement down south. The next steps on this journey: the support lines at $1967 and at $1888.