Did you make money today? another beautiful day
Although I have not fully grasped the selling from the highest point to the lowest point. But two sell orders gave me a nice profit. Plus start buying. The overall profit today is good.
Congratulations to friends who follow trading signals. It's always fun to make money. Maybe add a glass of champagne to dinner tonight!
Goldshort
XAUUSD Gold 4h analysisMoving down from the Daily time frame we can see 2 major levels of support with a minor level of support at 1924. I don't believe price will have much of an issue getting through this price, however time will tell.
My overall gameplan will be looking for sells if we can close below 1939 with Price Action telling us in the past that 1900 would be the next logical target.
Buys would need to see 1939 reject, follwed by ranging action within this AOI (area of Indecision) and we can then move up after having grabbed liquidity and trapping bears.
Time will tell!
📈XAUUSD analysis near FOMC meeting📉OANDA:XAUUSD
FOREXCOM:XAUUSD
Gold analytical series, Episode 21
Hello Traders, please check out my previous ideas.
If the price stabilizes above the indicated channel, the short scenario won't be fulfilled.
targets are on the chart.
optimum stop-loss is above the 1971-1975 level.
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XAUUSD 4h analysisNow that FOMC and Unemployment claims for the USD is done, we can see price action a lot more clearly. Things to note
Daily broke yesterdays high and flipped bearish
Weekly created a weekly high and flipped bearish (did not break the previous weeks high however that isn't a major issue)
4h has closed back into our indecision range
Few things can happen here
Price rejects from this level and continues up
Price continues down to our target of 1950-1945
I will not be taking trades within this indecision range, only outside of it and on the lower time frames based on price action of closing candles.
GOLD (XAUUSD): Important Key Levels & Structure Analysis 🥇
Here is my latest structure analysis for Gold.
Resistance 1: 1979 - 1987 area
Resistance 2: 2000 - 2010 area
Resistance 3: 2034 - 2048 area
Support 1: 1945 - 1954 area
Support 2: 1925 - 1938 area
Support 3: 1892 - 1907 area
Consider these structure for pullback/breakout trading.
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XAUUSD Daily analysis Looking at the timeframe on a daily basis we can see that we have closed below a key level and into an indecisive range.
The reason why indecisive ranges are tricky is down to the fact support/resistance can be anywhere due to the historical price action, there is no clear support/resistance where we can anticipate buys or sells, so treading carefully is the best case of action when trading on a higher timeframe.
When it comes to a lower timeframe, unless the indecisive range is found on these smaller timeframes being able to take trades is still possible.
Updates to be provided on the lower timeframes.
XAUUSD 1h sellsLooking at sells on the 1h timeframe - this is within the range we spoke about, however! the reason why sells are now possible is due to the news having passed, and with this new 1h candle we have seen price create a nice steep top wick, where if we can have a 5m closure below 1959.2 price should continue down.
Breaking news. Whether to follow the signal to make money.
eview last week's trend. Gold once soared to the 1987 line. The fall of the US dollar and changes in geopolitics act as support. For many friends who follow me to buy gold, they have made a lot of money. This is something to be congratulated on. But if you didn't follow the signal to buy gold but sell gold in the last week. Then the loss is heavy.
Everyone has also seen that gold has not stabilized since it went up to the 1987 line. On the contrary, because of the rebound of the dollar, it continued to fall to the 1957 line. After the shock at the end of Friday, the closing price bottomed out at the 1962 line. After the opening of the Asian market, it touched the low of 1958 again, forming a short-term double support. There is no special news news today.
From a short-term point of view, the current support is effective. Because this is the first time that gold has formed a second low support after falling from its high level last week. So in the short term, I will mainly buy gold. Of course, the actual trading situation is subject to the real-time trading signal updated by me on another channel. Never trade blindly.
1970 above is a short-term pressure level.
XAUUSD gold 1h breakdownOfficially into London session and into the NY Open 4h candle. We are currently just above an indecisive range where unless we get a high amount of volume, it's best to avoid taking trades as it means we can avoid being faked-out and be stuck in a trade that won't hit our TP or SL until we get a push in volume.
ideally, we clear this range and once that's done, we can take sells and expect price to re-test the range, reject it and continue down towards our target.
Updates to be posted during the day on here and on Telegram
GOLD ON THE DAILY TIMEFRAMEBased on this market analysis we can expect Gold to continue contracting as it's clearly showing to reject that resistance.
It's also important to note that we are also looking bearish on the monthly timeframe which means since we have two timeframes in sync there's more chances of the market actually dropping.
XAUUSD Daily breakdownLooking at the daily timeframe, we can see after the prior weeks push to the 1980's, price rejected this level many times before and bounced within the range of 1980-1939, this would be the most likely level where we can see price continue to on the daily timeframe should a bearish trajectory continue.
XAUUSD Weekly analysisI've tried to make this as clear as possible, but we can see in the past when Gold has moved above 2000, it returns to the 1900 level where it rejects, before retesting the 1980-2000 range and then moving down towards the 1900 level and even lower.
This is a key market structure and pattern we have seen play out with Gold, which is a very technical pair. When it comes to swing trading/scalping being able to zoom out and take a look at the bigger picture helps to give a greater understanding of the bias to allow trades maximum room to push.
H4 Time Frame | Gold LevelsH4 Time Frame | Gold Levels
At this point we seem gold rejected the point more then 3 times
and right now circulating in zone 1961 Accordingly to moves it would be bearish and will touched the point soon at 1945 so choose the proper lot size and risk Management
more the 200 pips are coming on way
so more precise prediction we are going to published our H1 Time Frame
XAUUSD Setup Sell Limit Hey Traders, in today's trading session we are watching XAUUSD for selling opportunities around 1978 zone, XAUUSD is trading in an uptrend and now we are waiting for a correction to see the possibility of trend rejection from 1978 support and resistance area towards higher highs.
Safe trade, Seven.
GOLD ON A GOLDEN TUESDAYGold hasnt been in a clear trend but ranging,
It respects structures and by the look of things with confluences from technical tools,
Gold would drop to $1945 per ounce,
However, we at DANCOLNATION CAPITAL will be trailing the moves with our Partial TPs at psychological levels