XAUUSD analysis/trading system | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

Gold/USD

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

HYBRID: trading system within a trading system 31 replies

Best Brokers for XAUUSD (Gold Trading) 7 replies

Intraday Trading: GBPUSD, GBPJPY, EURUSD, EURJPY, USDJPY, XAUUSD 6 replies

ERPs Trading Journal GBP/JPY, XAUUSD, US30 10 replies

Attachments: XAUUSD analysis/trading system
Exit Attachments

XAUUSD analysis/trading system

  • #1
  • First Post: Feb 22, 2023 12:52pm Feb 22, 2023 12:52pm
Hey, I am simply starting this thread for analysis only and strictly for posting charts and replying to them.
We can discuses each others trading system as well

Lets keep this for mainly posting a chart with explanation and keep it educational.

I personally have paid for and completed more then a few courses on trading ( I am not expert) but have a decent understanding of order flow and what I call the dance of price between liquidity pockets.
That being said I am also very open to learning other systems or seeing how others approach the market as well to hopefully as a community create the ultimate trading system that works with short term and long term trading.


Thank you.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #2
  • Feb 23, 2023 7:30am Feb 23, 2023 7:30am
Current outlook on gold.
I think the sellers are drying up and we will start to see the bulls come back to play. As of right now I expect gold to come a little lower and reach the untapped liq near the bottom of last weeks move then go up towards untapped liq around 1860 area.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-02-23 083023.jpg Size: 165 KB
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #3
  • Feb 24, 2023 8:20am Feb 24, 2023 8:20am
This is my analysis for gold currently. Seems price wants to continue further down. I have circled three areas I believe gold could go to then have a reversal. Overall bears look like they are getting tired. I dont see price reaching further then 1800 and should expect price to hit 1803 today. That being said Monday can be a full on bull rush. Either way I am currently not in any positions but will be looking for entry around NYSE open to scalp.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-02-24 091906.jpg Size: 168 KB
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #4
  • Feb 26, 2023 7:07am Feb 26, 2023 7:07am
Being a newbie, I do want to learn from the experienced traders. And I appreciate your initiating this thread.
Will follow your posts closely.
  • #5
  • Feb 28, 2023 8:12pm Feb 28, 2023 8:12pm
Quoting mastersplint
This is my analysis for gold currently. Seems price wants to continue further down. I have circled three areas I believe gold could go to then have a reversal. Overall bears look like they are getting tired. I dont see price reaching further then 1800 and should expect price to hit 1803 today. That being said Monday can be a full on bull rush. Either way I am currently not in any positions but will be looking for entry around NYSE open to scalp. {image}

As I anticipated. Gold reacted in the untapped liq pocket 1803 area with a strong bull reaction driven from news as well. That being said I am not fully confident this will be the push up, we can drop for another corrective move and following next week with nfp may be the bull drive to start full force. We tapped a 30m untapped level to trigger a sell off down to 1823 to then move a little higher. Overall we can go to 1836 area, maybe even 1840ish. In the end I am still bearish and would like it to get just below 1800.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-02-28 211007.jpg Size: 170 KB
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #6
  • Mar 14, 2023 8:21am Mar 14, 2023 8:21am
As gold respected my buy level at 1805. We have seen price surge higher with nfp and such. That being said we are in a spot now where price is consolidating, thqats due to the liq pocket to the left at this price level. That being said I dont think this level will hold with the momentum behind price. Overall I anticipate gold extending to the POR (point of release) around the 1850-1860 area then we can expect a corrective move from there.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-03-14 092008.jpg Size: 201 KB
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #7
  • Mar 14, 2023 8:31am Mar 14, 2023 8:31am
Quoting mastersplint
As gold respected my buy level at 1805. We have seen price surge higher with nfp and such. That being said we are in a spot now where price is consolidating, thqats due to the liq pocket to the left at this price level. That being said I dont think this level will hold with the momentum behind price. Overall I anticipate gold extending to the POR (point of release) around the 1850-1860 area then we can expect a corrective move from there. {image}
1850-1860? You mean 1950-1950 right? I'm long here too and I dont think we will see a correction just yet, not until FOMC at least
  • #8
  • Mar 14, 2023 9:15am Mar 14, 2023 9:15am
Quoting Xauusdscalpr
{quote} 1850-1860? You mean 1950-1950 right? I'm long here too and I dont think we will see a correction just yet, not until FOMC at least
hahaha yes, I meant 1950-1960 area. Its where I have the yellow rectangle. I call that spot the point of release and its typically where price returns to in terms of available liquidity (liq)
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #9
  • Mar 14, 2023 11:01am Mar 14, 2023 11:01am
Quoting mastersplint
{quote} hahaha yes, I meant 1950-1960 area. Its where I have the yellow rectangle. I call that spot the point of release and its typically where price returns to in terms of available liquidity (liq)
haha thanks for the response, very interesting insight.

Looking for price to close above 1915-16 so we can move beyond this stubborn level, don't think we will see another correction but could be wrong
  • #10
  • Mar 14, 2023 3:05pm Mar 14, 2023 3:05pm
Quoting Xauusdscalpr
{quote} haha thanks for the response, very interesting insight. Looking for price to close above 1915-16 so we can move beyond this stubborn level, don't think we will see another correction but could be wrong
Yes I agree as well that we should see price continue higher up. After we reach that 1950 area I am saying we can have a corrective move (possibly back towards 1910) then price head further up. Time will tell, this is of course higher time frame projections and a lot can happen between now and then that can change potential outlook creating new areas of interest to investigate.
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #11
  • Mar 20, 2023 10:03pm Mar 20, 2023 10:03pm
After gold tapped the upper level on the weekly chart which followed with a pretty big selloff. This is how I anticipate gold to move for tomorrow and depending how long it takes maybe next few days.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-03-20 230425.jpg Size: 159 KB
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #12
  • Mar 25, 2023 12:33pm Mar 25, 2023 12:33pm
Quoting mastersplint
After gold tapped the upper level on the weekly chart which followed with a pretty big selloff. This is how I anticipate gold to move for tomorrow and depending how long it takes maybe next few days. {image}
Nice analysis, looks close to what you drew except it dumped before it went back up to 2003

I think based on that the leg up isn't quite complete yet, think we may see a new 2023 high first
  • #13
  • Mar 28, 2023 8:52am Mar 28, 2023 8:52am
Quoting Xauusdscalpr
{quote} Nice analysis, looks close to what you drew except it dumped before it went back up to 2003 I think based on that the leg up isn't quite complete yet, think we may see a new 2023 high first

Thank you, Yes I was 100% wrong there haha. All you can do is roll with whatever price is telling you. I am thinking overall htf gold can reach a new high overall this year, I dont like to try and predict that though. I stick to scalps or hold for a few hours.
It tapped a nice 1h level on the pb and I am anticipating this week we are bullish again with gold
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #14
  • Apr 6, 2023 8:57am Apr 6, 2023 8:57am
Quoting mastersplint
{quote} Thank you, Yes I was 100% wrong there haha. All you can do is roll with whatever price is telling you. I am thinking overall htf gold can reach a new high overall this year, I dont like to try and predict that though. I stick to scalps or hold for a few hours. It tapped a nice 1h level on the pb and I am anticipating this week we are bullish again with gold
your analysis was right
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2023-04-06_16-08-14.png Size: 14 KB
  • #15
  • Apr 12, 2023 12:46am Apr 12, 2023 12:46am
well as per my past analysis, gold did continued with the trend. as of now it testing the daily resistance of 2020.5. if it breaks it, next stop is 2074. but remember CPI is here.
trade responsibly
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2023-04-12_08-31-56.png Size: 13 KB
  • #16
  • May 26, 2023 9:07pm May 26, 2023 9:07pm
XAUUSD Bears broke through 1960 support, short bias as i look to short XAUUSD at a retracement of 1960 support turned resistance
Attached Image (click to enlarge)
Click to Enlarge Name: 79A129F4-BCF4-42B7-A785-1743DBEFD4A1.jpeg Size: 54 KB
  • #17
  • Jun 7, 2023 1:39pm Jun 7, 2023 1:39pm
Just got back from a few weeks down south on the beach Heres is my current update for gold. Will post tomorrow ny session for intraday levels I am looking at.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2023-06-07 143359.jpg Size: 202 KB
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #18
  • Jun 11, 2023 4:34pm Jun 11, 2023 4:34pm
Current outlook on gold. Seems we have some more room to go higher, but overall down a little more. It seems we are in wave 4 of 5 for EW theory. I dont normally trade EW style but thought I noticed solid wave structure on the htf to mark up and look for a potential end to the move. EW seems to subjective to actually go off. That being said how price is moving right now gives clues we are maybe in wave 4 or even done and ready for wave 5. Overall still see more downside to gold. Once we reach 1900 area I believe we will have a strong buy reaction.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2023-06-11 172201.jpg Size: 232 KB
Click to Enlarge Name: Screenshot 2023-06-11 172317.jpg Size: 156 KB
"Anger clouds the mind. Turned inward, it is an unconquerable enemy."
  • #19
  • Jun 16, 2023 8:06am Jun 16, 2023 8:06am
Is anyone shorting gold?
  • #20
  • Aug 8, 2023 5:08pm Aug 8, 2023 5:08pm
Quoting D-Virtual
Is anyone shorting gold?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2023-08-08 at 6.02.02 PM.png Size: 170 KB
0 traders viewing now