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Xauusdtrading

XAUUSD: Strong rally started on the 1D MA50.XAUUSD on the 1W timeframe shows a bullish technical action still at its start (RSI = 59.100, MACD = 26.140, ADX = 22.906) supported by the fact that this week Gold is rising after holding the 1D MA50, which was the Resistance for the last 2 months. This rise is an extension of the HL rebound at the bottom of the 8 month Channel Up and has already reached our first TP which was the 1,985.50 R1. A candle close over it (which will also be over the 0.5 Fibonacci level), targets the 0.786 Fibonacci (TP1 = 2,041) and eventually a crossing over R2 targets R3 (TP2 = 2,082). An key observation is that the 1W RSI is trading inside a Rectangle at the same time as the price's Channel Up. Top can be used to take profit and sell. A secondary observation is that the 1W MACD is on course to form the first Bullish Cross since November 2022. If it does it will be a huge long term buy signal. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
7
XAUUSD The first Golden Cross (4h) since March can deliver 2005.Gold is trading inside a Channel Up that got it off the prior downtrend as it crossed above the MA50 (1d). The price hit the top of the Channel Up, so a pullback is expected, same as July 3rd and July 10th. Perhaps the most important development today is the first Golden Cross (4h) since March 15th. Trading Plan: 1. Buy near 1,966. Targets: 1. 2005 (top of Channel Up). Tips: 1. The RSI (4h) is perhaps more illustrative of the expected minor pullback as it appears to have completed a leg similar to those that peaked on July 7th and June 30th. Also there is a Rising Support to consider for the Channel Up. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
2
XAUUSD: Hit the 1D MA50 after nearly 2 months.Gold crossed over the 1D MA50 today for the first time in almost 2 months (since May 17th). As the 1D timeframe turned bullish again (RSI = 58.454, MACD = -7.380, ADX = 44.489) this is the first major bullish signal of a projected new long term rally. However we will wait until the first 1D candle close over the 1D MA50 and make a confirmed buy entry. Our first target is the R2 (TP1 = 1,985.50) just under the 0.5 Fibonacci level and second the 0.786 Fibonacci level (TP2 = 2,041.00) just under the R3. It has to be mentioned that the price also crossed above the 1D MA100 today. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
XAUUSD: Breakout now retesting the Support. Buy.Gold broke on Friday over the LH trendline and reached the 4H MA50 for the first time in 10 days. The rejection is now retesting the LH in the form of Support, as it happened on the May 30th bullish breakout. That was the leg to the top of the Channel Down. With the 4H timeframe being neutral (RSI = 46.429, MACD = -2.220, ADX = 38.259) and the RSI on the same bullish divergence, we are buying into this retest and target the top of the Channel Down and contact tranjectory with the 4H MA200 (TP = 1,943). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
11
XAUUSD: Reached the bottom of the 8 month Channel Up. Strong buyGold hit the bottom of the Channel Up that started back in November turning the 1D technicals bearish (RSI = 38.023, MACD = -15.070, ADX = 40.852). The 1D RSI in particular is printing a sequence very much like the Channel's previous bottom on February 27th. On both patterns Gold traded under the 1D MA50 for long, this time has been under it since May 17th. We are taking this rare long term opportunity to go long and target initially the R1 (TP = 1,970) on a potential contact with the 1D MA50. Then we will see if it's worth adding a buy on the next pull back as long as the Channel Up bottom holds and start targeting the upper R levels. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
4
XAUUSD: Buy opportunity emerging inside the Channel Down.Gold is approaching the bottom of the monthly Channel Down, in fact it has made a double hit on the 0.236 Fibonacci level. If S1 breaks, wait for a buy at 1,915 (exact Channel bottom) and TP = 1,947.50, but with 4H technicals nearly oversold (RSI = 35.662, MACD = -5.130, ADX = 48.938) and the 1D RSI approaching 40.000, buy now as long as the price stays over S1 and target the 0.786 Fibonacci level (TP = 1,950). See how the 4h RSI is well inside the Buy Zone, which has gave accurate buy signals since May 25th. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
1
XAUUSD Sell signal inside the Channel DownGold crossed under both the 4hour MA50 and the RSI's MA, which has been a strong signal since the start of June. During that time the price has been trading inside a Channel Down. Sell on this confirmed signal and target 1920 which will make a new Lower Low. This pattern gets invalidated only if the price crosses over Resistance A. In that case target first the 4hour MA200 at 1975 and then Resistance B (1985.50) in extension. Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSDShort
by TheCryptagon
12
XAUUSD: Strong buy signal targeting the 4H MA200Gold hit yesterday the HL trendline, which is the bottom of a Triangle pattern that has the R1 (1,985.50) as the Top, and is rebounding. This rebound was also made on the 1D MA100, the third time this happens in the past 10 days. The rise has already reached the 4H MA50 and turned both the 1D but more importantly the 4H timeframe (RSI = 49.565, MACD = -1.650, ADX = 18.715) neutral. We are already bullish, targeting the 4H MA200 with TP = 1,980. If we close over the R1 on a full 1D candle, we will enter a buy again, targeting towards R1 (TP = 2,020). The 4H RSI is having a clear Buy Zone since May 25th, that might be useful as this rise continues for buying upon pull backs. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
1
XAUUSD New bullish wave started. Solid long-term buy.Gold tested the MA100 (1d) and Support (1) twice and held, which resulted into the two day rebound we see. This is not just an MA rebound but a direct hit on the long-term Channel Up that started late in 2022. Consequently this is the new bullish leg to a new Higher High. A crossing over the MA50 (1d) validates this. Trading Plan: 1. Buy on the next red candle or upon a break-out above the MA50 (1d). 2. Sell if the price closes under the MA100 (1d) and Support (1). Targets: 1. 2080 (Resistance 4). 2. 1850 (the MA200 1d). Tips: 1. The RSI (1d) crossed above its MA line, same with February 28th. That was a day after the bottom of the Channel Up at the time and the start of the new bullish leg. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
14
XAUUSD: Excellent buy opportunity on the 1D MA100Gold reached today a triple Support Zone, the 1D MA100, the bottom of the Channel Up and S1 (1,935.50). The 1D time frame is technically bearish (RSI = 40.784, MACD = -12.590, ADX = 46.379) but those where the exact same conditions that formed the November 3rd 2022 and February 27th 2023 bottoms. Both bottoms gave way to price rallies that made at least a +10.20% increase. Consequently, we have two targets: short term the R1 (TP1 = 2,083) and long term a +10.20% increase (TP2 = 2,130). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
11
XAUUSD Can dip lower if it closes under the MA50 (1d).Gold hit today the MA50 (1d) for the first time since March 13th. The last time it closed under it (Feb 13th), it declined more as low as the MA100 (1d). If it closes under it, a potential low and rebound level can be within Support (2) and (3): 1935.50 - 1950. Trading Plan: 1. Buy if a 1d candle closes over the MA50 (1d). 2. Sell if it closes under the MA50 (1d). 3. Buy at the bottom of the Channel Up and near the MA100 (1d). 4. Sell if the price closes under the MA100 (1d). Targets: 1. 2080 (Resistance 3). 2. 1950 (Support 2). 3. 2080 (Resistance 3). 4. 1850 (potential contact with the MA200 1d). Tips: 1. An RSI (1d) reading near 30.00 would be a great additional long term buy indicator. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSD
by TradingBrokersView
20
XAUUSD: March repeat sends it to 2,080.Gold is consolidating inside a Triangle pattern, with 4H technicals naturally neutral (RSI = 43.149, MACD = 1.520, ADX = 27.050) always within the larger pattern of the Channel Up. The very same Triangle in March broke upwards aggressively to form the new Higher High of the Channel Up. With the 4H RSI on a similar Double Bottom formation, we are buying again, targeting the R1 (TP = 2,080). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
10
XAUUSD Hit the MA50 (4h). Strong Buy.Gold quickly declined, almost as fast as it rose during the FOMC Meeting on Wednesday and hit the MA50 (4h). In addition, it touched the top of the formed Wedge, on a similar price action as April 10th. Both strong buy signals, considering that the long term pattern is a Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 2070 (top of the Channel Up + under the Rising Resistance). Tips: 1. The RSI (4h) turning bearish, exactly on the same level as April 10th, is an additional buy signal. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
3
XAUUSD Overbought after this jump. Wait for pullback.XAUUSD crossed over the Wedge pattern and turned overbought intra day. The RSI (4h) hit the top of its Channel Down, so a short term pull back is in order. Trading Plan: 1. Buy the retest of the Wedge's top. Targets: 1. 2030 (Rising Resistance). Tips: 1. The RSI (4h) has been inside its Channel Down while Gold has been inside its Channel Up since March 20th and is still holding. This suggests that the trend remains bullish. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSD
by TradingBrokersView
1
XAUUSD: Aiming at 2,050 after the CPI.XAUUSD is rising following the lower than expected U.S. CPI report with the 4H technicals largely bullish (RSI = 65.005, MACD = 6.660, ADX = 31.407). The pattern is a Channel Up and the current rebound is being made on the 4H MA50. The 4H RSI is approaching its LH trendline and very time a rise hit it, it completed a rebound in the range of +3.50% to +4.50%. The minimum of +3.50% will make a Higher High on the Channel Up at 2,050. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
4
XAUUSD: Correction is startingGold turned its 4H RSI below 60.000 (RSI = 59.908, MACD = 11.510, ADX = 11.660) approaching the neutral technical zone for the first time since the April 3rd rise. This is in perfect sync with the February 2nd peak and subsequent correction. Tomorrow's Nonfarm Payrolls may be the catalyst. We are aiming at a -5% decline (TP = 1,930). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
4
XAUUSD Sell the top of the Channel UpXAUUSD crossed over the Fibonacci 0.786 level today and is approaching the top of the two week Channel Up. This is a good opportunity to start placing short term sell positions targeting the MA50 (4h). Trading Plan: 1. Sell on the current market price and as long as it stays inside the Channel Up. Targets: 1. 1980 (the MA50 4h). Tips: 1. RSI (4h) hit its Rising Support. This adds more selling bias as last time it did so on the Falling Resistance, it dropeed to the bottom of the Channel Up. Please like, follow and comment!!
FX_IDC:XAUUSDShort
by TradingBrokersView
XAUUSD: Pricing a top same as JanuaryXAUUSD run ranged all of last week and this is reflected on its 1D technicals, more specifically its flat RSI (RSI = 59.840, MACD = 25.590, ADX = 38.241). The Lower Highs since the March 20th peak are a sign of a possible top formation similar to late January. The RSI constructs are almost the same, we see a declining trend, which on January broke down after 14 days from the RSI peak. We are going long only if the 2,010 Resistance breaks (TP = 2,050). Until then we maintain our short position from near the peak and target the 0.5 Fibonacci and 1D MA50 (TP = 1,910). Max technical short extension is the 1D MA100, which provided support in early March. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
XAUUSD Channel Up topped and overbought on 1HXAUUSD is trading on a Channel Up on the 1H timeframe. The price reached its top and the Harmonic Resistance Zone. The 1H RSI broke over the 70.00 overbought region. Trading Plan: 1. Sell on the current market price. Targets: 1. 1965 (Harmonic Support Zone and near the bottom of the Channel Up). Tips: 1. The Channel Up is within a wider Triangle pattern. The more the price approaches the Triangle's top, the stronger the sell sentiment becomes. Please like, follow and comment!!
FX_IDC:XAUUSDShort
by TradingBrokersView
4
XAUUSD: Head and Shoulders pulling the price 1,900.XAUUSD is forming a Head and Shoulders pattern on the 4H time frame with 4H technicals neutral (RSI = 51.658, MACD = 2.180, ADX = 22.110). The 4H MA50 has already broken and negated as Support, the 4h RSI is approaching the top of its Channel Down and the 1D MA50 is about to enter into the S1 Zone (1,890 - 1,900). Being above the 0.618 Fibonacci retracement level of the March rally, the top of the zone is our Target (TP = 1,900). If the price crosses over the 2,010 Resistance we will take the loss and buy aiming at the -0.236 Fibonacci extension (TP = 2,050). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
10