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Xau-usd

XAU/USD 15-19 Jan 2024 Weekly Analysis This is my weekly analysis for XAU/USD: -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. As price has not yet reached 50% EQ and price is still in pullback phase in the premium swing/internal, therefore, I would be looking to short. Price has rejected the Weekly weak Swing High but respected the weekly strong internal high. Price wicked in excess of Weekly Swing high but failed to close above. This presumably was to sweep liquidity above the strong internal high. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated. As mentioned last week, request to LTF's would be to shift bearish.
OANDA:XAUUSD
by Khan_YIK
1
Gold - 4H bullish signalsHey everyone! Let's dive into what's going on with gold after the CPI news. We saw a spike, followed by a channel formation. But after losing channel support, I'm expecting gold to enter a trading range, starting with the first pullback post-spike. Notice how gold experienced three bearish pushes, each weaker and shallower than the last, barely breaking the previous lows. So, what's next? I'm predicting a rise. This could be further fueled by the delay in rate cuts amid ongoing inflation and the looming recession.
FX:XAUUSDLong
by Sober_Trading
XAUUSD H4 Triangle PatternEconomic Data: US Non-Farm Payrolls (NFP): Released on Friday, January 6th, the NFP report showed stronger-than-expected job growth, potentially raising concerns about inflation and future interest rate hikes. This could push investors towards the safe-haven gold, providing it with some support. US Consumer Price Index (CPI) (Jan 11, 2024): Inflation remains a key concern, and a higher-than-expected CPI could boost the dollar and put downward pressure on gold. Geopolitical Events: Tensions between Russia and Ukraine: The ongoing conflict in Eastern Europe continues to be a source of uncertainty for financial markets. Any escalation in tensions could lead to a flight to safety and boost gold prices. Weekly Forecast (Jan 8 to Jan 12) : XAU/USD - H4 Chart - Triangle Formation Price must need to break Triangle and Retest, then only able to take Entry. Always wait for strong Conformation in Short term for entry. 👈👈👈 If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛
OANDA:XAUUSDShort
by KABHI_TA_TRADING
17
GOLD possible analysisPrice had previously formed liquidity above monthly and weekly resistance that held for quite some time. It was only until last week that price finally took the liquidity out with a massive wick, further failing to close above the last high on the higher time frame. It preceded reverse and broke structure on lower time frames, bringing about a shift in momentum from bullish to bearish trend. Price has just recently broke a third structure with momentum, leaving behind a beautiful 2h POI that lines up perfectly with the golden zone for extra confirmation. What i expect to see next is for price to retrace back into this supply zone, forming some form of liquidity in the process, to then use take out this liquidity and tap into our supply zone before pushing further down to take out internal range liquidity that was left behind during the previous push upwards.
OANDA:XAUUSDShort
by BlackTygaTrades
4
XAUUSD D1 - Neutral XAUUSD D1 Last night, XAUUSD experienced a remarkable surge of +720 points as the markets unfolded, driven by a confluence of factors, previously mentioned above. Notably, the XAUUSD markets are steadily advancing toward historic highs, and the market opening triggered a substantial influx of buying pressure, low volume causing such aggressive spikes, since we have corrected below market open price. It’s going to be a tame day I imagine given such wild moves witnessed.
FX:XAUUSD
by Trade_Simple_FX