XAUUSD 4H Analysis📈Trade Idea📉
🟡 #GOLD Spot 4H
For gold, we can have two scenarios for trading. Considering that gold is in the Premium range, if a four-hour low candle (PDL-PWL) closes
In the first scenario, you can use the supply ranges specified in the chart to activate sell orders.
The second scenario for traders who are looking for a long stop in gold, the block order ranges are specified in the chart. For trading in these areas, you can place your trade as a limit by observing the stop loss.
🟢Minor Order Block >🟢1725$ -1740$
🟢Major Order Block >🟢1700$ -1715$
🔴Minor Order block >🔴1760$ - 1770$
🔴Major Order Block> 🔴1780$-1800$
📊Poc (Point of Control) : 1650$
⚠️ Margin 1% For each position.
⚠️Use Tight Stop Loss.
✍️Desert Eagle
📊Analysis Method SMART Money
Concept + ICT+ Volume Profile
(DYOR)
📆11.27.2022
⚠️This Analysis Will Be Updated⚠️
💸Good Luck Traders.
Goldusd
XAUUSD on retracethe first fibonacci in the left side of the chart is the first clue of the bottom of the downtrend by making a flat correction (A and B) wich lead to a strong C at allmost 161% of fibonacci, this next wave is a bullish correction, some could call it a bullish flag is still the same, everytime after a big bounce in a short time it has to "correct" the too fast bounce, i can still read the correction with elliotwaves wich show the start of a basic and common structure called "zigzag" and most of zig zag leg A is an impulse wich it did so this is a confermation of a zigzag pattern wich will end at the big C at 38% or 50% some cases even 61% of the fibonacci at the right side.
Gold (XAUUSD): Bullish Outlook For Next Week 🟡
Hey traders,
Gold has nicely respected a horizontal daily zone of demand.
The price formed a double bottom formation on that on 4h time frame and broke its neckline then.
I think that the market will go higher next week.
Goals: 1764 / 1766
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Please, support my work with like, thank you!❤️
Gold technical analysis: Bull flag pattern pointing to 1,880? The release of the November FOMC minutes, which were more dovish than anticipated since a large majority of Fed officials judged that a decrease in the pace of the fed funds rate increase would likely be appropriate soon, sent gold prices surging beyond $1,750/oz once again.
The early stages of the formation of a bull flag pattern can be seen on the gold 4-hour chart. This pattern may be read as the continuation of the November price action and may provide an entry point for a near-term rally extension.
A bull flag pattern is defined by a pole where prices surge first, followed by a horizontal or downward-sloping flag of consolidation, and then a large increase in the upward direction equivalent to the size of the initial pole.
In the case of gold, the first pole begun with the triple bottom that occurred in early November at $1,616/oz, followed by a two-week rebound to the $1,788/oz resistance, where sellers reemerged as prices hit the 38.2% Fibonacci level of the 2022 high-low range.
Gold prices then formed a downward-sloping flag and consolidated in a descending channel until November 23, when the flag channel was breached.
With the second pole already starting to take shape, the technical picture may portray a rise to $1,880/oz if the second pole matches the scale of the first pole.
The relative strength index (RSI) rebounded from very oversold levels, while the moving average convergence/divergence (MACD) indicator completed a bullish crossover below the zero line. These were also positive development.
If this price extension to $1,880/oz materialises, it will signal a significant development for the gold uptrend since the 50% Fibonacci level will be surpassed.
20 REASON FOR SELL GOLD 🤑TOP DOWN ANALYSIS OVERVIEW🤑
biggest time frame yearly base on yearly gold is in a bull trend but current in a corrective phase
🧐Eagle eye: bull
Monthly: higher low /lower low formatted bear trend current candle is a retracement candle and also filled out discounted area of monthly time frame
weekly: extremely bearish in weekly now in a corrective phase and also fill out extream Imbalance area or FVG gap take a resistance here and also formed and key reversal weekly candle bear trigger event also occurred everything favour of bear right now even no volume on the weekly chart
1 Structure analysis time frame: Day 1 bullish
2 target time frame: Weekly
3 Current Move: impulse for day 1
4 Entry Time Frame: daily
4.1 Entry TF Structure: bullish
4.2 entry move: wait until 1765 and wait for some bearish signals
5 Support resistance base: weekly order block resistance and FVG resistance
6 FIB:
7 candle Pattern: momentum Engulfing bull
8 Chart Pattern: Pole and flag till 1765, then reversal move can start
9 Volume: no volume Compare to the whole move
10 Momentum UNCONVENTIONAL Rsi: Range shift for sideways to bull but only till 1765 extreme target
11 Volatility measure Bollinger bands: possible m pattern or volatility divergence at 1765, and we know well about it its also a reversal sign
13 Sentiment ROC: weaker than USD
14 final comment: wait till 1765, then sell for positional entry
15 : decision: wait
16 Entry: 1765
17 Stop losel: 1785
18 Take profit: 1580
19 Risk to reward Ratio:1:8
Excepted Duration: 2 months
🥇Gold🥇 Analyze (11/18/2022)!!!Gold was able to make a Head and Shoulders Pattern on the resistance zone.
I expect Gold will go down at least to the support zone.
Gold Analyze ( XAUUSD ), Timeframe 1H.⏰
Do not forget to put Stop loss for your positions (For every position you want to open).
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Gold (XAUUSD): Pullback From Key Level 🟡
Gold dropped to a key daily structure support.
On an hourly time frame, I see a classic bullish reversal.
I expect a pullback to 1752 / 1752 levels.
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Please, support my work with like, thank you!❤️
Financial Wave. GOLDIn the last review, we considered the option of a reversal in GOLD from $1780-$1830. The price of GOLD has begun to decline, our priority scenario in GOLD remains the same, the fall in the price in wave 5 will bring prices below $1600. We have considered short-term targets $1722 will be an important mark for GOLD
Gold Trend 22/11Gold dipped to near 1730 yesterday. The week began at 1750; the price has kept moving lower throughout the day, whereas the selling momentum from last week has resumed back from the weekend. It touched day-low at 1731 at the US session, with the day ending at 1737.
An S-T downtrend channel(2) has formed in the past 72 hours since gold escaped the uptrend channel(1) last week. 1730 should be able to provide support for gold in the short run. Trading range(3) should be effective in the next 24-48 hours; if the price fails to clear the support at 1730, a wider range of 1730-70(4) will last until the end of the week.
The previous peak of 1730 has provided support on the daily chart. The current rebound target can be set at the 5-day/10 days MA at 1755. The next significant move will be depended on the US Fed. Minutes scheduled to be released this Thr.
An S-T peak has occurred after the price breakout from the 5-day MA support on the daily chart. 1746 is the 23.6& retracement following the 38.2% target at near 1722.
S-T Resistances:
1760
1755
1748-50
Market price: 1741
S-T Supports:
1740
1735
1730
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P. To
GOLD Volatility Analysis 21-25 Nov 2022 GOLD Volatility Analysis 21-25 Nov 2022
We can see that currently the implied volatility for this week is around 2.44%, UP from 2.42% last week according to GVZ data
(GOLD Volatility Index )
With this in mind, currently from ATR point of view we are located in the 34th percentile, while according to GVZ, we are on 27h percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.7% movement
Bearish: 1.76% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 23.6% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 1792
BOT: 1708
Taking into consideration the previous weekly high/low, currently for this candle there is :
66% probability we are going to touch previous low of 1747(already hit)
30% probability we are going to touch previous high of 1785
Lastly, from the technical analysis point of view, currently 7% of the weekly moving averages are in a bearish trend, and
a combination of moving averages and oscillators are in 1% bullish stance