XAUUSD Approaching another sell zone!!XAUUSD 4H is approaching another sell zone after the breakdown to a new low. From a higher timeframe perspective, GOLD is highly bearish as the price is currently below the monthly support zone, there is a further possibility to drop further to the downside. As Powell will speak later today, we could see volatility and we may
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Goldsignal
GOLD XAUUSD short term bullishness possibleGold shifted bullish on 15 min. after clear accumulation. Based on this, I think we can see short-lived bullish price action as on the chart.
Overall, gold remains very bearish, so this idea is considered very aggressive.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup.
🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
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DeGRAM | GOLD shortGOLD broke out of the consolidation zone following a bearish move.
The market broke and closed below the major daily support, which became resistance.
Price action formed a breakout pullback continuation pattern.
We expect to test support levels.
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Gold ( XAUUSD ) UpdateHi traders!
it's the Gold ( XAUUSD ) update.
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
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DeGRAM | GOLD shortGOLD is still consolidating at a support level.
Price action has failed to break through resistance multiple times.
We expect bearish moves and breakout of the range following bearish trend.
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Sell the break of yesterday low on Gold.Gold - Intraday, 9 pm UK time - We look to Sell a break of 1653.22 (stop at 1670.57)
The medium term bias remains bearish.
We can see no technical reason for a change of trend.
A break of yesterdays low would confirm bearish momentum.
The measured move target is 1610.00.
Our profit targets will be 1613.40 and 1600.00
Resistance: 1689.00 / 1736.00 / 1800.00
Support: 1613.00 / 1516.00 / 1370.00
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DeGRAM | GOLD shortGOLD is consolidating after following a bearish move.
Price is coiling up before expansion.
If resistance level rejects price, then we can look for selling opportunities.
We expect further consolidation until a new trend is confirmed.
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Gold- Correction after false break?After the recent 1655 low, Gold started to consolidate with a downwards tendency.
Today's FED could bring volatility and a new spike down.
However, after this low, I expect a correction to the upside and a challenge of 1700.
Also, looking at a monthly chart you can see that this is the 6th consecutive red month and Gold is in need of a meaningful correction and can close September into green territory.
Today's daily close should bring a more clear picture though.
DeGRAM | GOLD shortGOLD is in an ascending channel following a bearish move.
Price action is forming a triangle. This is a trend-continuation pattern.
Price is coiling up before expansion.
We expect to test support levels.
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Gold- Do we have a genuine break of support?As I kept saying last week, there is a high probability of a double top pattern for Gold and the 1680-1690 zone support was the only thing that stood in bears way and a confirmation of this pattern.
Now we have this break and, of course, we wonder if is a genuine one.
In my opinion, it is.
With this in mind, I expect a continuation to this fall and a drop, in the first instance, around 1600.
Gold bears should look to sell rallies in old's support zone, now resistance.
And negation comes with Gold back above 1700.
Best reagards!
Mihai Iacob
GoldViewFX - 20 PIP SIGNAL SETUP IN ACTION!!!
This is a simple 20 pip setup that can be used in ranging conditions allowing intraday setups both ways.
We look for EMA5 to crossover MA21 UP or DOWN followed with a 1H closing candle, which we call the locking candle. Once this is done, we then enter on the next candle and target 20pips.
The example on this chart shows the setup in action hitting targets up and down.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - Market UPDATEHey Everyone,
Another fantastic day at Premier. We waited patiently for a new Goldturn low and then identified a signal to 1707, which was the perfect exit.
We still have the gap open to 1695 on this chart, which is playing out perfectly! and also 1685 on the chart below.
These levels are still within the support and swing range and therefore we are not comfortable shorting to these levels at support now. We will use this instead to keep exits tight on buys and try and get the sweet entries for the run up once the momentum below has found floor.
EMA5 break and lock above 1738 Goldturn will fail and break the rising wedge pattern opening the upper range upto 1761. A rejection below 1738 will maintain the rising wedge pattern until we see the breakout geared for the break below to retest 1695 in line with the formation. This TARGET 1695 is still open!!
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Gold is ready for huge drop (Double top soon in play)On 2nd September I've written that Gold could drop under the 1680-1690 zone, confirming a large double top pattern.
Also, yesterday and on Monday I draw attention that the recent rise is ONLY a correction and not a genuine reversal.
And, indeed, yesterday, on the back of CPI data, Gold dropped more than 300 pips from top to bottom, negating a week of growth.
So, what's next?
Looking at the posted daily chart we can see that the trend is very bearish with a sequence of 5 lower highs at this moment and also from mid-June, Gold is trading in a descending triangle.
I consider the recent correction finished after yesterday's reversal and I expect a drop under important 1680-1690 support. Considering the importance of such a break and the possibility of large SLs under this level, I expect acceleration to the downside and a strong bearish move in the coming weeks.
The longer-term target can be 1500 and if you are "scared" of a 2k pips drop, all you need to do is to look at the March- April drop followed by the June-July drop, which is also 2k pips. So, the triangle's target is not only not out of the question, but very probable.
My 2nd Sept analysis:
Monday analysis:
Yesterday's analysis:
Best regards!
Mihai Iacob
Gold- Is this correction over?In my yesterday's comment I said that, in my opinion, the rise from 1690 support is just a correction, not the start of a new bull leg and my opinion remains unchanged.
This correction has continued yersterday and as I expected, a spike above 1730 took place.
However, looking at the posted chart we can clearly see that the structure lacks impulse and is overlapping suggesting that a reversal is imminent.
A first indication that the correction is over comes with a break under short term trend line with further contirmation with a drop under yesterday's low.
I'm looking to sell Gold
Gold- 1725-1730 zone is the line in the sandYesterday, after a new visit at support, under 1700, Gold has recovered losses and finished the day well into the green.
However, the trend remains bearish both in the short and medium term with a clear strong confluence resistance above 1720.
I will remain bearish as long as this level is intact and expect a new dive under 1700.
On the other hand, a fail from the bears to defend this zone would signal 1690 as a bottom for the time being.
Gold will Target the new Low. (Daily)Hi Everyone,
Gold fail to break the resistance yesteday and gold also break the support range. High Probability (75-80%) gold will aim for the Lower price and seems it will make a new Lower Range later around (1640 - 1730) or maybe if FED hike more than 75bps on 20-21 Sept 2022, it will make a lower range from 1600- 1680 to trade next month.
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