XAUUSD 4HR Analysis + Trade Idea🚀💰 Gold's on a Roll ! 💰🚀
Last week, # XAUUSD hit an all-time high of $2529, only to take a dramatic dip back to the 2470-80 zone, finding strong support from the 50 EMA, dynamic trendline, and a key S+R order block. 📉🔄 But don't be fooled by this correction—gold is gearing up for its next big move! With factors pointing towards continued growth, we could see it break out of the $2500s in no time and aim for a whopping $3000 or even $5000! 📈✨
As we wait for tomorrow's statement from Jerome Powell, the market is buzzing with anticipation. Will gold continue its ascent? 🤔🔥 Keep your eyes on the charts! 📊👀
What's your next move? Let me know in the comments! ⬇️💬
Goldtrader
xauusdgold has created lower low and lowe high as we can see on the chart i have pointed clearly, in my vision looking at the chart its about to take short with really good conformation as we doo have fundamental up coming. what you guys think , gold still long or short.? let me know in the comment below.
Gold Thoughts 20-Aug-2024GOOD MORNING Everyone! Please find my GOLD market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
GOLD (XAUUSD): Detailed Support & Resistance Analysis
Here is my latest structure analysis and important
support & resistances to pay close attention to.
Vertical Structures
Vertical Resistance 1: Rising trend line
Horizontal Structures
Horizontal Support 1: 2472 - 2483 area
Horizontal Support 2: 2431 - 2447 area
Horizontal Support 3: 2353 - 2382 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GOLD (XAUUSD): Detailed Technical Analysis
Gold is currently stuck on a key daily resistance based on the ATH.
Analyzing a price action, I see a clear bullish accumulation:
the price has set three equal highs already, keeping setting the higher lows.
At some moment, we may see a breakout attempt of the underlined
red resistance area.
A daily candle close above that will be an important bullish signal.
It will drive the prices higher, the next goal for the buyers will be a major rising trend line.
From a current perspective, it is 2500 level.
Alternatively, the market may initiate one more correctional movement.
I will post the update if I see any bearish confirmation.
❤️Please, support my work with like, thank you!❤️
XAUUSD All time high tomorrow?!?!Good evening gold gang hope you're well! ... gold has been rallying today with only small signs of slowing and closing at near all time high .. can war news push us over the top?
We are currently in a 4h engulfing zone so id like to see a pull back in asia in order to buy up tomorrow to all time high.
If we gap and fly in asian session, then we must wait to see where we land before risking sells
Its gonna be a fun one guys im looking forward to it .. catch you in london
tommy
XAUUSD | Road to 2,500 PhasePrevious analysis has now near enough completed with a large bullish surge today making its way over 2 key quarter level phases with 2500 being the last of this phase section, after breaking through the previous days high gold now tests the all time high of 2,485 where there is a lot of pressure to break through already.
With various events happening this week such as the CPI, PPI + Retail Sales I think the final event on thursday could provide key insight into golds growth and how the precious metal stands out from the rest, it is noteworthy of paying attention to the upcoming PPI although only short term impact it can play important roles within the FED and further conditions.
What are your thoughts and ideas? Let me know below :)
XAUUSD still bearish!! major algo in sightwhats up gold gang hope you're well! .. been a little while since my last post its just been so mental with the pricing, i havent bothered analysing .. just reacting to current market price
we are continuing to trend downwards (missing a great sell today by 10 pips) and making its way down to the major algo at 2352.12. You can expect a bounce there for scalp buys but i would be careful for sure.
A pull back to the trendline and sell in asia would be the move!
tomorrow we find some good sell zones and let them rip
catch you all in london
tommy boi
Fears Fail to Keep Gold Above $2,400: A Temporary Dip? Gold has slipped below the $2,400 mark even as geopolitical tensions possibly escalate, with Israel bracing for potential retaliation from Iran. US intelligence indicates the response could come late Thursday or Friday.
Market attention is also directed towards the upcoming Initial Jobless Claims data, due on Thursday, which investors hope will provide further information about the labor market.
Perhaps in an attempt to calm the volatility seen at the beginning of the week, San Francisco Fed President Mary Daly said Tuesday that “none of the labor market indicators she looks at are flashing red at present ...”.
Perhaps adding to the downward pressure on gold, major Asian central banks appear to have paused their physical gold buying sprees. Reports from the World Gold Council indicate that China has abstained from buying the precious metal for the third consecutive month.
Technically, if the XAU/USD continues its downward trajectory, the next support level could lay at the 50-day and 100-day Simple Moving Average. Further declines could test the May 3 low of $2,277.
#GOLD (#XAUUSD) Will Retest ATH Soon
As I predicted on a live stream, 📈Gold went up and
violated a resistance line of a bullish flag pattern on a daily.
I think that the market has a nice potential to retest the resistance based on ATH soon.
Let the market complete a minor correction and expect more growth then.
❤️Please, support my work with like, thank you!❤️
XAUUSD Still bearish! heres why good evening gold gang! im back from a little trip away and ready to go
price still respecting downward trends even though very wicky today with price grabbing liquidity everywhere!
price respecting the daily candle meet and also 4h engulfing so a small pull back in asian to sell down is on the cards.
Ill need to see where price lands in the london session to see what we're going to take as there are quite a few obsticles in the way down there currently
buys need to break the 2 zones first which looks like it will need some news
BIG news week this week too so im expecting big movements
please like and share this for me!
tommy
XAUUSD bears are still in until here ... Good morning gold gang WHAT A DAY it was yesterday snagging over 200 pips from the market capitalising on the volume and strong zones. Well done all!
bears are still in control after a push up in asian session, if this current zone breaks buys are possible but essentially i would want to sell at a better price close to the trendline
the daily engulfing zone at the bottom is a great buying opportunity with war announcements on the way, price can come down there to start the next bull run.
Watch out for the end of the month usual friday shenanigans and protect your capital at all costs
have a great day
tommy
XAUUSD GOLD IS DYING!wow gang what a drop yesterday ... melting off the face of the earth!! and what a relief!
I prefer price away from all time high as there are more confluences and more price action down here to take better trades from.
I see it now following yesterdays analysis .. that was perfect!! .. to hit algo level. First ill need a pull back to then sell.
No buying opportunites at present other than the daily engulfing candle at the bottom but a way off ... i want to focus on selling it down for now
lets avvit!!!
tommy
XAUUSD Tuesday's trade ideas. Good evening gold gang i hope you are well! ... 2 losses today trying to catch buys! the fundamentals were wrong from the war to rise gold .. instead we got bearish price action due to the president so all day we fell until hitting the marked out 4 hour zone. I couldnt take that buy as id already lost 2 which is my daily limit
Whats happening tomorrow?! .. well the 1h EG zone respecting will provide further bearish action with a potential target of algo level.
a break above 2412 area will be good for the buys confirmation but with no news until wednesday, im not sure we will achieve that.
lets have a better day tomorrow gang!! im looking forward to it already
have a good evening, catch you in london
tommy
XAUUSD All eyes on the open! big news!! Good evening gold gang, its that time once again ... market open. THIS TIME its different with big news coming from the war and president Biden pulling out of the race .. its gonna get spicy this week
Price finished up last week and the weekly support so technicals are pointing bullish .. war news bullish too but Biden news will be good for dollar i would imagine so that would be bearish for gold
there is a nice 4h zone below current price right now which may get tapped at the open in order to buy from but that will be shown at the open at 11pm uk time
im expecting a bullish week! .. but as usual we just react to current price in session and take the crumbs the big boys leave behind
lets have a monster week like we did last week gold gang
hit the like button if you BELIEVE
catch you in london
tommy
GOLD (XAUUSD): Updated Market Structure Analysis
Gold is now trading within a rising, expanding channel on a daily time frame.
Updating the ATH, the price perfectly respected its upper boundary
and started a bearish movement from that.
The closest strong support that I see is a demand cluster
based on a minor broken trend line and a horizontal structure.
The underlined blue area can be the first pit stop for the sellers.
I will look for a pullback trade from there.
❤️Please, support my work with like, thank you!❤️
xauusdall time high once again created 2484, but market crashed and closed below our previous high, and continue fall yesterday. we got strong demand on 2478/2480, look at that area as shown on chart, market can bounce up to retest to supply zone. i am looking for a long from the area.
let me know what you all think. leave a comment.
XAUUSD i love manipulation!!! whats going on gold gang! lol what a crazy time to be alive
gold making all time highs and then BOOOOM fell out of the sky hard in london close session yesterday .. luckily we caught some of it .. all the way back down to retest the old all time high (something we talked about previously)
whats next?1
its alllll up in the air currently price very strong in asian session pushing us back into the middle of the range .. a retest of the trend to sell would normally be go to but that psychological 2500 still looms and people will be reaching for that ... need to see what london session brings to us!!
lets strap in
tommy