Is gold completing wave 4?In my opinion, gold is in its 4th wave.
The first movement part of wave 4; It finished 2 days ago and started the second part.
As I showed the ceiling and the floor in my previous analysis of gold, it will be the same this time.
But with a big difference: the volume of sales has decreased, negative news related to China, Taiwan and America has increased, these negative news can fuel a sharp move.
The logical completion of the second part of wave 4 can be the number 1874, but if tensions increase, the completion of this wave can be observed between the prices of 1910 and 1920.
Be successful and profitable
Xauusd4h
Xauusd ..... 4h- Analysis of gold against the US dollar on the four-hour chart
Technical analysis is based on trend analysis
The price is now trapped between an uptrend and a downtrend
- We wait for the downtrend to cross over to reach the targets specified on the chart
The weak scenario is to break the uptrend to fall to the selling targets specified on the chart
DrooelmFX | GOLD SELL SIGNALGood SELL opportunity for GOLD.
Why I think so?
See A: Asset's price at a good SUPPLY AREA. We see Base-drop-Base, which shows this area can be used for SELL entries.
See B: Support & Resistance Area at same level as the Supply Area, indicating it is a strong SELL area
See C: Divergence on Awesome Oscillator
See D: Low volatility, weak trend movement
Entry: 1810 | 1820
Stop Loss: 1827 | 1830
Take Profit: 1774 | 1760
#DrooelmFX
XAUUSD (HIGH PROBABILITY BUY SETUP SOON)On Tuesday, Gold was about flat to $1711.3, the yellow precious metal was below its 20D MA (@ $1770) & below its 50D MA (@1813), the 14d RSI below (26.18) indicates gold was over sold, while the precious metal has been consolidating for the past few days despite the fact we have seen weakness in the dollar index.
Here we can see clearly the latest news for Gold, & we can see clearly the RSI is showing us a clear DIVERGENCE on the H4 time frame, which is showing us clearly the HIGH PROBABILITY BUY SETUP soon with XAUUSD,
Keep a close eye on Gold worlds number 1 precious yellow metal, Happy PIP hunting traders.
GOLD NEAR FUTURE PREDICTION(4H Chart)Technical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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XAUUS-4H CHART SETUPThis week GOLD closed at 1973 as we have mentioned earlier we are bullish on gold up to 1990-2005
Best BUY ZONE around 1966-67
We have targets 1980,1984,1990 and 2002.
This targets are valid only if gold stays above 1960-62 zone , if this zone breaks then we can see price move towards downside.
XAUUSD LONGS 📉📉📉📉 Expecting bullish price action on GOLD as price takes out weekly low liquidity, filling 50% of the bullish imbalance. We are bullish from a technical perspective + fundamnetal context, a lot of bearish imbalances on the h4 should be closed on GOLD somewhere around 1920.
What do you think ? Where we go from there?
XAUUSD Short From Resistance !!XAUUSD is trading in an ascending channel
He rises for re-examination
The ascending resistance line of the channel and the horizontal resistance at 1972
Which means to expect a downside, but because it is trading in an uptrend
The trade will be in the opposite direction of the first
We will have to wait for confirmation to correct for the 1944.4 areas
XAUUSD LONG IDEAHello there all,
Sorry about my chart colourways haha changing every new post, I just cannot seem to stick with one lol. 😂
Here's the XAUUSD forecast for long idea.
Please do let me know if you are seeing what I'm seeing or have a different perspective on it, I would love to see your analysis.
Please do drop the chart link below on comment section, I would love to see it
LETS GOO!!
This is not financial advice. 🙂
Thanks all
XAUUSDThough Gold has fallen a lot in last week even though my bias on Gold Remains Bearish And i m Seeing 1720 after break down of 1780 which Seems Easy .
Reason For My Bias is ''If you see 1 Week Chart you could Clearly see that Gold last week candle has Engulfed last whole month's Gold Move which are Strong Signs of Bears !
Rallies above 1790 Must be Sold till 1720 !
My Scenario of Bears will be Negated if Daily Closes Above 1810 !!
GOLD (XAU) 4 HOURLY NEAR FUTURE PREDICTIONTechnical Analysis Summary
XAU/USD
TREND ANALYSIS
We have 1 Downtrend in red color
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
The Yellow SUPPORT and RESISTANCE Levels are levels already tested and are not an entry level I added it only for explanation purposes to show my strategy.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
XAUUSD Short + Long IdeaConfluences.
For Short
- Secondary major supply zone
- 30m QM + Breaker
- Failed to break above
- Price Imbalance correction
For Long
- Break of structure from yesterday
- Bullish breaker
- Daily strong mark up
- Inducement + Liquidity
- D TF - RBR pattern.
- Typical inverse H&S pattern, perhaps also QM.
Looking for 2 positions for LONG. Let's see how it plays out. I'll wait for more confirmations as it approaches my area of interest zone.
This is not financial advice. Please do take trade with your own system and how you define the market structure.
Thanks