Mahtab_Tradia

After a significant drop, XAUUSD has been moving sideways in the higher time frames between 1940-1990.Currently, price has approached to the support zone and is pushed back by this yellow area which is around 1950.If we take a deeper look at the candles, we can see that the bearish candles are not very strong and the previous bullish candles are much stronger.Moreover, price is moving inside a symmetrical triangle which may be broken into any direction, upside or downside. The purple descending trend line is the triangle’s upper band (I didn’t mark the lower band of the triangle because I didn’t want to make the chart look too complicated).Since price is facing two strong support areas and the bullish candles are strong enough to break the triangle’s upper side (the descending trend line), we can expect a rise on price towards the resistance zone around 1970 and in the case of an upside breakout on that zone, the next targets might be 1980 and 1985.What is your idea about XAUUSD? Feel free to share.

Hello everyone! I’m back after a long time! Let’s start with the most popular asset, XAUUSD!As you see in the 4H time frame, after a sharp drop, price has started a slow upside move with weak candles.There is a supply zone ahead of the price which is around 2040 and we expect a downside push from this level on price.There is also a daily resistance level at 2050 which has pushed the price to the downside in the past.Since the current bullish candles are weaker than the bearish candles in the previous downside move, I expect a drop on XAUUSD towards the green levels at 2020 and 2010 in the upcoming future.Note: look for any bearish rejection signals around 2040 - 2050 in lower time frame (1H).

XAUUSD had a significant drop in the last few weeks and as you see in the 4H time frame, price is still in the downtrend but with a slower pace and lower momentum.Currently, we see the price approaching to the support zone which has pushed the price to the upside once before and is between 1832-1818.On the other hand, a strong 4H bullish candle has been closed above the support zone which indicates that the bearish strength is going to be decreased. Moreover, we can see the rejections by the lower shadows of the current candles.If price got rejected from the yellow support area and could break the red resistance level at 1846, I expect a bullish reversal move for XAUUSD and a rise towards the green levels at 1859 and 1870 in the upcoming weeks.What is your opinion about XAUUSD? Feel free to share your ideas in the comments.

As I expected in my previous analysis, XAUUSD could not break the last resistance at 1958 and we saw a significant drop on XAUUSD.Price broke the long-term ascending trend line sharply and dropped more than expectations. It could fix below the trend line.Currently, in the 4H time frame, we see a bearish flag pattern which is broken to the downside. Price is resting now and is pulling back to the broken pattern.Since price is facing a strong bearish pressure, and there is no barrier in its way, we expect more drop on XAUUSD towards the next support level at 1835.What is your idea about XAUUSD? Feel free to share your ideas in the comments.

XAUUSD had a significant growth in the past few weeks and is moving in an uptrend.As you see in the 4H time frame, price has broken the yellow resistance zone between 1945-1949 and closed bullish candles above this area.There is another resistance barrier around 1958 and price is struggling to break it. We might see a throwback to the broken yellow zone and then a push to the upside to break 1958.If price breaks the red resistance level at 1958 and closes a bullish candle above this level, we can expect more rise on XAUUSD to 1978 which is a daily resistance level.Otherwise, if price comes down below 1945, there is a probability of more drop towards the ascending trend line around 1935.

XAUUSD had a great growth in the last few days. As you see in the 4H time frame, price is in the uptrend and is moving on the ascending trend line.In the higher time frame (Daily), the yesterday’s candle has been closed as a doji, and today’s candle has been opened below the yesterday’s candle close. This means we are probably facing a bearish reversal.Currently, in the 4H, the inner trend line has been broken down and price is dropping. There is a support level ahead between 1894 - 1894 which may hold the price.If today’s candle will be closed as bearish engulfing, and price breaks the support level at 1897, we can expect a bearish reversal move of XAUUSD towards the green levels which are next support levels at: 1875, 1867, and 1850.Since price has been deviated from the main ascending trend line, we expect price to move down and retest it.What is your idea of XAUUSD? Feel free to share your ideas in the comments.

As you see in the 4H time frame, price is in the uptrend and is moving on the ascending trend line.As I expected in my previous analysis, price had a fall and retraced the upside move.Currently, price has broken the resistance at 1860 and grew to the next resistance at 1880 but got rejected and was pushed to the downside.The broken level at 1860 has been turned into the support level and it is expected of price to throwback to this level.If price came down to 1860 and was pushed to the upside, we can expect a rise to 1888 and in the case of an upside breakout on 1888, the next target would be around 1900 - 1906On the other side, if price came down more than 1860, we can expect a drop to 1850 to retest the trend line.tradingview.com/u/Mahtab_Tradia/b32VboTv

Hello everyone and happy new year!XAUUSD started the new year with a good growth but price could not keep the bullish momentum and was pushed back to the downside.Currently, in the 4H time frame, we can see the bearish candles with lower highs. Price is facing downside pressure and is going down towards the daily support level at 1844.If price breaks 1844 strongly and can be closed below this level, I expect more drop on XAUUSD to the marked green levels at 1838 and 1828.What is your idea about XAUUSD? Feel free to share your ideas in the comments.

As you see in the 1H time frame, price is struggling to break the red resistance zone but it has been rejected twice in the past.Currently, price is between the resistance and support area. It seems like it is making a bearish reversal triple top pattern.We can see bears are getting stronger and bullish candles are getting weak with long upped rejections.If price breaks the neckline zone (yellow support area around 1811) and closes a strong bearish candle below this zone, we can expect a reversal move and a drop on XAUUSD to the green levels at 1806.50 and 1800.

As we expected in the previous analysis, price had a good rise towards 1800 and then pushed back to the downside to retest the broken support zone.Currently, price is facing an upside pressure and is moving towards the red resistance level at 1807.We should wait to see if price breaks this resistance level strongly or will be rejected by it:If price breaks 1807 and closes a bullish candle above this level, we can expect more upside move towards 1857 which is the next resistance for XAUUSD.On the other hand, if price got rejected by the resistance and failed to break 1807, wait for the downside breakout on the trend line and candle closure below it, then expect a drop to the next support levels at 1768 and 1747.