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Goldtechnicalanalysis

GOLD (XAUUSD): Your Trading Plan for Today If you decided to trade today, there is one potential shorting opportunity for Gold. Following my recent update, the price is testing a recently broken daily horizontal structure at the moment. On an hourly time frame, the price formed a tiny double top on that. 2621 - 2625 is its neckline. To sell the market with a confirmation, wait for a bearish breakout of a neckline and an hourly candle close below that. Sell aggressively or on a retest then. Targets will be 2608 / 2600. If the price sets a new higher high, the setup will be invalid. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDShort
by VasilyTrader
7
GOLD (XAUUSD): Deep Consolidation & Your Trading Plan Gold is trading in sideways range for more than 2 trading weeks already. The recent high impact fundamental releases, did not manage to violate its weakness. Next week, pay attention to the reaction of the price to the support and resistance of the underlined range. If the price breaks and closes below 2605, it will open a potential for a further bearish continuation to 2565. Bullish breakout of the resistance of the range and a daily candle close above 2666 will confirm the strength of the buyers. The up movement will be expected at least to 2715. The absence of strong fundamental triggers will continue the consolidation. Alternatively, you can trade the market within the range, buying from its support and selling from its resistance. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
GOLD (XAUUSD): Updated Support & Resistance Analysis Here is my updated structure analysis and important supports & resistances on Gold. Horizontal Structures Resistance 1: 2708 - 2732 area Resistance 2: 2745 - 2761 area Resistance 3: 2787 - 2790 area Support 1: 2638 - 2648 area Support 2: 2586 - 2608 area Vertical Structures Vertical Resistance 1: Rising trend line For now, we can expect a bearish pressure from a Horizontal & Vertical Resistances 1. Local bearish bias remains. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
GOLD (XAUUSD): One More Bullish Wave is Coming?! Gold is currently stuck within a horizontal range on a daily. The price is approaching its upper boundary at the moment. Because the trend is strongly bullish, chances will be high to see a further bullish continuation. Your reliable confirmation will be a breakout and a daily candle close above the underlined resistance. The next goal for the buyers will be 2780. Alternatively, the market may continue consolidating and trading within the range. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
1
Learn Supply and Demand Zones in Gold Trading In this article, I will teach you how to identify supply and demand zones on Gold chart easily. You will learn what are supply and demand zones and how to apply it in Gold trading. In order to identify supply and demand zones on Gold chart, the first thing that you should do is to execute a complete structure analysis. You should identify horizontal structures: support and resistance levels/zones; vertical structures - trend lines. That's how a complete support and resistance analysis should look. On a daily time frame, I have underlined all significant horizontal and vertical structures. First, let's look for demand zones. A demand zone is a specific area on a price chart that combines multiple key structure supports: horizontal or vertical ones. Buying orders of the market participants will be placed within that entire area. Our first demand zone will be based on a Horizontal Support 1 and a Vertical Support 1. A trend line and a horizontal support compose an expanding area. We will call such an area a demand zone, simply because we assume that buying volumes will accumulate within that entire zone. And lower the price will move inside that area, more buying orders will become active. Our second demand zone will be based on Horizontal Support 3/4/5. All these structures are lying very close to each other. Some supports even have common boundaries. These supports will compose a demand zone , a wide horizontal area where buying orders will be placed. Vertical Support 2 is lying very closely to our Demand Zone 2. A horizontal demand zone and a trend line will compose and expanding demand zone. Now let's discuss supply zones. A supply zone is a specific area on a price chart that combines multiple key structure resistances: horizontal or vertical ones. Selling orders of the market participants will be placed within that entire area. There is one supply zone on our Gold price chart. It will be based on a Horizontal Resistance 1 and Vertical Resistance 1. Both structures are lying very close to each other. We will assume that selling orders will be placed throughout that entire area and the higher the price moves within that, the more selling orders will become active. Remember that you can identify Supply and Demand Zones on Gold on any time frame. A bullish movement and a bullish reaction will be expected from a Demand Zone. While a bearish movement and a bearish reaction will be expected from a Supply Zone. Because Supply and Demand Zones are relatively large areas, it is very important to analyze a price action within these zones before you place a trade. Thank you for reading! ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
2
GOLD (XAUUSD): Important Support & Resistance Levels Here is my latest structure analysis and support & resistance levels on Gold for next week. Vertical Structures Vertical Support 1: Rising trend line Vertical Support 2: Rising trend line Horizontal Structures Resistance 1: 2685 - 2700 area Support 1: 2624 - 2633 area Support 2: 2587 - 2601 area Support 3: 2525 - 2560 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
What is Structure Mapping in Gold Trading XAUUSD? Structure mapping is essential for day trading, scalping and swing trading gold. It is applied for trend analysis, pattern recognition, reversal and trend-following trading. In this article, I will teach you how to execute structure mapping on Gold chart and how to apply that for making accurate predictions and forecasts. Take notes and let's get started. Let's discuss first, what is structure mapping? With structure mapping, we perceive the price chart as the set of impulse and retracement legs. Structure mapping can be executed on any time frame and on any financial market. Look at a Gold chart on a 4H time frame. What I did, I underlined significant price movements. Each point where every leg of a movement completes will have a specific name and meaning. On a gold chart, I underlined all such points. These points are very important because it determines the market trend and show the patterns. When you execute structure mapping, the first thing that you should start with the identification of a starting point - the initial point of analysis. On a price chart, such a point should be the highest high that you see or the lowest low. If you start structure mapping with a high, that high will be called Initial High. A completion point of a bearish movement from the Initial High will be called Lower Low LL. A bullish movement that completes BELOW the level of the Initial High or Any Other High will be called Lower High LH. A bullish movement that completes on the level of the Initial High or Any Other High will be called Equal High. A bullish movement that completes above the level of the Initial High or Any Other High will be called Higher High HH. If you start with the low, such point will be called Initial Low. A completion point of a bullish movement from the Initial Low will be called Higher High HH. A bearish movement that completes ABOVE the level of the Initial Low or Any Other Low will be called Higher Low HL. A bearish movement that completes on the level of the Initial Low or Any Other Low will be called Equal Low. A bearish movement that completes below the level of the Initial Low or Any Other Low will be called Lower Low LL. Look how I executed structure mapping on Gold chart. Starting with the lowest low, I underlined all significant price movements and its lows and highs. You should learn to recognize these points because it is the foundation of gold structure mapping. Combinations of these points will be applied for the identification of the market trend, trend reversal and patterns. According to the rules, 2 lower lows and a lower high between them are enough to confirm that the market is trading in a bearish trend. While 2 higher highs and a higher low between them confirm that the trend is bullish . In a bullish trend, a bullish violation of the level of the last Higher High will be called a Break of Structure BoS. That event signifies the strength of the buyers and a bullish trend continuation. A bearish violation of the level of the last Higher Low will be called Change of Character CHoCH . It will mean the violation of a current bullish trend. In a bearish trend, a bearish violation of the level of the last Lower Low will be called a Break of Structure BoS . It is an important event that signifies the strength of the sellers and a bearish trend continuation. While a bullish violation of the level of the last lower high will be called Change of Character CHoCH. That even will signify a violation of a bearish trend. That's how a complete structure mapping should look on Gold chart. With the identification of the legs of the move, highs and lows, BoS and ChoCh you can clearly understand what is happening with the market. Gold was trading in a bearish trend. Once the level of our Initial Low was tested, the market started a correctional movement and started to trade in a bullish trend. Once some important resistance was reached, the market reversed. We saw a confirmed CHoCH and the market returned to a bearish trend. Structure mapping is the foundation of technical analysis. It is the basis of various trading strategies and trading styles. It is the first thing that you should start your trading education with. I hope that my guide helped you to understand how to execute structure mapping in Gold trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
2
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. 📊💰
OANDA:XAUUSDShort
by cashtrainfx
GOLD (XAUUSD): Detailed Support & Resistance Analysis Here is my latest structure analysis and important support and resistance levels to pay close attention to on Gold. Vertical Structures Vertical Resistance 1: Rising Trend Line Horizontal Structures Support 1: 2470 - 2484 area Support 2: 2431 - 2448 area Support 3: 2364 - 2381 area Resistance 1: 2517 - 2532 area Resistance 2: 2545 - 2552 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
GOLD (XAUUSD): Strong Bullish Signal During the Asian Session Gold retested a recently broken daily structure resistance that was based on a previous all-time high yesterday. During the Asian session today, the price formed a strong intraday bullish confirmation. Retesting the underlined blue area the price formed a cup & handle pattern and violated its neckline. Now we see a nice bullish movement. It may continue at least till Powell speech later on today. I did not manage to trade this setup because I was sleeping when it was formed. But it is a perfect example of a confirmation trading that I teach you and I hope that those who trade the Asian session managed to recognize this signal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1