Drop it Like it's HotRight now price is in a much larger descending channel - indicating we are in an overall down trend. We can see from looking left there is what most retail traders would call a demand zone in anticipation for the market to push higher.
HOWEVER, keeping in mind the higher TF (Daily) and the fact that "the trend is our friend" we can see that price is in fact in this downward descending channel. I will only be looking for SHORT positions this week, especially towards the end of this week with the LAST NFP of 2024. Man, time flew by!
So far price is pushing pretty aggressively towards the downside and I will look for further confirmations (on the lower TF - 15m & 5m) for my exact entries. Thanks for checking out my idea and Happy trading!!
Xauusd4h
XAUUSD: 1800+' Buying Opportunity One Not To Miss! Dear traders,
XAUUSD currently making AB=CD pattern where A to B pattern has already been created, we are currently in a verge of creating C to D move. The fundamental also support our view, the price of the gold drop in a wake of elections announcement. US presidential result led the decline in the gold prices as DXY prices rose up significantly. However, as the market settles we are seeing price going back to its previous trend. Please be extra cautious while trading gold.
Good luck!
XAU/USD 27 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Yesterday's analysis and bias dated 26 November 2024 remains the same.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAU/USD 26 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as yesterday's analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Gold Market Outlook: ReboundToday, the news about the Israel-Palestine ceasefire triggered a sharp drop in gold prices, highlighting the significant impact that war news can have on gold. Recently, updates on the Russia-Ukraine peace talks are also expected to emerge gradually. Traders should remain cautious and avoid blindly chasing highs, because if there is positive news regarding the peace process, gold will likely experience sharp volatility. Although there will undoubtedly be various conflicts during the peace talks, I believe the ultimate outcome will be a successful agreement—it’s just a matter of which side gains more benefits.
Earlier, I posted a strategy for trading gold during the Russia-Ukraine peace talks. If you're interested, feel free to check it out.
As for current trading, after the large amount of selling pressure has been released, gold is expected to experience a corrective rebound. I’ve already provided specific trade signals—buy in the range of 2636-2621, with a target above 2650.
If you'd like to receive signals in real time, you're welcome to follow me.
Is XAUUSD Primed For A Pullback & Buy Opportunity?👀👉 The XAUUSD Gold market has recently experienced a pullback from a crucial liquidity zone and is now making its way back toward previous highs, sparking interest among traders about potential moves ahead. I am considering a buying opportunity, contingent upon a retracement to equilibrium and a bullish structural break. 📊 Disclaimer: This content is intended for educational purposes only and should not be construed as financial advice. Always perform your own research and trade responsibly.
XAU/USD 22 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
In my analysis dated 12 November 2024, I highlighted the anticipation of a bullish Change of Character (CHoCH) as an indication of a bullish phase initiation. Price has now confirmed this by printing a bullish CHoCH.
Currently, price is trading within an established internal range and remains consistent with the broader pullback requirements of higher timeframes. This internal range forms the basis for today's expectations.
Intraday Expectation:
Price is anticipated to trade up to the premium of the internal 50% equilibrium (EQ), where it is currently positioned. Alternatively, price may trade higher to reach the H4 supply zone before targeting the weak internal low at 2,536.855.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
Yesterday's intraday expectation played out as price successfully printed a bearish CHoCH before targeting weak internal high.
Price has since printed a double bullish iBOS.
Price has yet to print a bearish Change of Character (CHoCH), which is crucial to establishing an internal range and indicating the initiation of bearish pullback phase. CHoCH positioning is marked with a blue dotted line.
Intraday Expectation:
Technically, price is expected to print a bearish CHoCH, signaling the initiation of a bearish pullback phase, trade down to either discount of internal 50% EQ or M15 demand zone before targeting weak internal high.
Alternative Scenario:
The H4 timeframe remains in a bullish pullback phase. Price is trading at the premium of its internal and swing 50% equilibrium (EQ) and H4 supply zone where we could see a bearish reaction.
Note:
With the Federal Reserve's dovish policy stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders are advised to exercise caution and remain vigilant for potential whipsaws in this high-volatility environment.
M15 Chart:
XAU/USD 21 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
In my analysis dated 12 November 2024, I highlighted the anticipation of a bullish Change of Character (CHoCH) as an indication of a bullish phase initiation. Price has now confirmed this by printing a bullish CHoCH.
Currently, price is trading within an established internal range and remains consistent with the broader pullback requirements of higher timeframes. This internal range forms the basis for today's expectations.
Intraday Expectation:
Price is anticipated to trade up to the premium of the internal 50% equilibrium (EQ), where it is currently positioned. Alternatively, price may trade higher to reach the H4 supply zone before targeting the weak internal low at 2,536.855.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
Yesterday's intraday expectation played out as price successfully targeted the weak internal high at 2,641.940, following a reaction from the M15 demand zone. Price has printed a bullish iBOS.
Price has yet to print a bearish Change of Character (CHoCH), which is crucial to establishing an internal range and indicating the initiation of bearish pullback phase. CHoCH positioning is marked with a blue dotted line.
Intraday Expectation:
Technically, price is expected to print a bearish CHoCH, signaling the initiation of a bearish pullback phase.
Alternative Scenario:
The H4 timeframe remains in a bullish pullback phase. Price is trading at the premium of its internal and swing 50% equilibrium (EQ), where a reaction has been observed. Additionally, price is approaching an H4 supply zone, which could prompt further reaction.
Note:
With the Federal Reserve's dovish policy stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders are advised to exercise caution and remain vigilant for potential whipsaws in this high-volatility environment.
M15 Chart:
XAUUSD: BUYToday, gold rebounded after a pullback to around 2554. As mentioned during yesterday's session, I alerted everyone to watch the 2556-2547 range for the pullback, and unless there were any surprises, this would present a new buying opportunity. I believe those who have been paying close attention to the updates should have seized this opportunity. Currently, the market is facing resistance and is in a consolidation phase. There is a possibility of further testing of support in the short term, but in the medium term, the bulls have a stronger potential. Therefore, my trading strategy remains focused on the long side, with the primary target above 2580.
Support 2554-2547, 2537-2526
Is a XAUUSD (GOLD) Monster Trade on the Horizon?👀👉 XAUUSD Gold has recently reached a critical support zone on both the weekly and daily timeframes, showing signs of being heavily oversold. In this video, we explore a potential bullish scenario: if XAUUSD reverses and breaks market structure, it could set up a substantial trading opportunity as price targets previous highs. Risk Disclaimer: Trading involves significant risk, and past performance does not guarantee future results. Always assess your risk tolerance before entering a trade.*📊
XAU/USDS 12 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
As mentioned in my analysis dated 8 November 2024 that I would not be surprised if price printed a bearish iBOS.
Price Action Analysis: This is how price printed, printing a bearish iBOS followed by a bearish BOS.
Price has printed a bullish CHoCH indicating bullish pullback phase initiation. We are now trading within an established internal range.
This is in-line with all HTF's need for a pullback.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAUUSD: Eyeing a Short Position Above 2650With market volatility now reduced after today’s decline, a short-term rebound is likely tomorrow. If gold prices reach above 2650, it could offer an optimal shorting opportunity with a target range between 2580 -2560. While it may take some time to hit this target, there’s also the possibility of a quick move down to these levels. I view this as a solid setup for a long-term trading plan, with opportunities to add smaller swing trades in between. For those interested in participating, feel free to contact me for detailed trading insights and information.
XAUUSD: 1700+ Pips Sell, Gold is going to melt hard! OANDA:XAUUSD dropped after touching daily order block at $2710, price dropped to $2617 almost achieving 930+ pips. Expecting a minor correction of 300-400 pips taking price to 2650 area where we can enter another sell enter. A possible target of 1700+ pips target. Remember this is swing sell entry. Good luck.
XAUUSD: From $2720 To $2500 A Move of 2200+ Pips ! Comment DownOANDA:XAUUSD
Price dropped after creating a record high at 2790$, price dropped as mainly due to US Elections and aftermath of the election. We can see price to drop further after filling up the fair value gap within the market. Please do your own research before taking any decision. Good Luck.
XAU/USD 11 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/Intraday expectation remains the same as analysis dated 08 November 2024.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as analysis dated 8 November 2024. Note how price is failing to target weak internal high.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart: