PropSignals

**Monthly Chart**Last month's XAUUSD (Gold) candle closed as a large bullish candle after creating a new record high shy of the 2,500 level (round number). This indicates that traders will try to push the price higher to break the record high. This is in line with geopolitical reasons happening in the Middle East at the current moment. This month's candle, which is still active, tested 50% of last month's candle and tried to push higher again after a large sell-off on Monday—5th August 2024. August monthly candle is still bullish and recorded an all-time high at 2,531.76**Weekly Chart**Last week, the candle closed as an indecision doji candle, after recording a new high on 20th August. However, the long-term bias is still bullish, and there is a high probability that XAUUSD will reach a new high in the coming weeks. The price tested 50% of FVG candle of the previous week at around 2,470 then pushed higher after the Fed Chair Power's speech during the Jackson Hole Symposium on Friday.**Daily Chart**Last Friday's candle closed as a bullish manipulation candle (or Order Block candle), after testing the IPA (FVG) the previous day and moved higher.All time frames are aligned, and a higher move for XAUUSD is suggested. I will only look to buy at retracement with good risk parameters for a target above the 2540 level. Look for entry points from lower time frames such as 4H and 1H.

**Monthly Chart (BULLISH)**XAUUSD (Gold) September candle closed bullish after recording a new historical high with no indication for reversal. This is mainly due to geopolitical instability in the Middle East and line with BRICS meetings. XAUUSD continues to move higher creating new levels after breaking the consolidation range above the 2,000 level.**Weekly Chart (BULLISH)**Last week's candle closed bullish after creating a new record high at 2,685.64 level. Are we going to see a new record high created above 2,700 level soon?** Daily Chart (BULLISH)** XAUUSD continues to move higher. Daily trend is still bullish and we expect the price to tap 2,700 level soon. Find a good setup to buy on lower time frames.With markets and geopolitics instability, the expectation for Gold is still the same. We are heading to hit a new high in the coming two weeks before US Election. Any bullish structure is a good buy setup, similar to what we had last week (on Thursday and Friday).Gold is on its way to test 2,700Target reached at 2,722 level. We shall see later :)

**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold. **Weekly Chart** The last weekly candle closed as a big bearish high test. This happened after XAUUSD (Gold) reached a new record high. This created a large sell-off from buyers closing their positions at high prices and introduced sellers to short gold for quick profits. **Daily Chart** Last week XAUUSD closed near the previous equal low which was at some point the daily swing high. This has created a new demand zone for the price to push higher again after completing the sell-off. This week we will be looking for entry to move higher and create a new record high in line with fundamentals and geopolitical factors. Look for buy setups forming on lower time frames (ie. 4H and 1H).

**Monthly Chart**XAUUSD monthly candle closed as doji due to the sideway movement of this pair between the High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. Due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades.XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold.Last week, we saw a big selloff in XAUUSD for profit-taking after it reached a new record high. While the long-term outlook for the XAUUSD (Gold) is still bullish.**Weekly Chart**Last week's candle closed bearish after testing the midlevel of the previous week's key reversal. It has also tested the IPA of the 1st July 2024 week at 2,353.195 before moving higher. This has confirmed that the sell-off was completed and the buyers are entering the market as it pushed XAUUSD higher.**Daily Chart**Last week's move was a continuation of the previous weekly sell-off move and only tested the relative daily low at around the 2,353.19 level before it turned around and started a bullish move. For this week I expect to continue to be bullish and we will probably see a new high formed above 2,500 level in the coming weeks.XAUUSD moved exactly based on what we have predicted here in this trade idea and created a new records high.

**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. Last week ended on 5th July, has moved XAUUSD price action above the previous month's doji candle. This confirmed a continuation of the bullish trend. The Next target is around 2,450 level. **Weekly Chart** XAUUSD weekly candle closed as a bullish engulfing after testing the demand zone from the previous week's key reversal which has tested the manipulation candles around the demand zone on the weekly chart. **Daily Chart** Due to the US NFP and unemployment rate released on Friday, XAUUSD closed as a strong bullish candle. This week the trend is expected to continue bullish. However, any retracement will be a good buying opportunity from a lower time frame. Next Target around 2,450 and then 2,500 level.

**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. **Weekly Chart** Weekly candle closed as a bullish low test candle indicating that there is still a strong bullish directional basis towards 2369 level and then 2400 level. **Daily Chart** XAUUSD moved higher creating an engulfing candle after testing the demand zone suggesting a continuation of the bullish move. At least to test the high of the IPA around 2387 level. We might see a small retracement in lower time frames before the price pushes higher this week.Trade active: XAUUSD is moving as expected based on daily and 4H structureComment: XAUUSD Bullish move to be continue this week. Next target around 2,450 level

**Monthly Chart** Last month candle closed as bullish after creating a record high at around 2400 level (round number). This month candle is still bullish and recorded a new high at around 2450 level (just shy from the 2500 level by 50 points). Now the question is will the bullish trend continue? XAUUSD trend is still bullish on monthly there is no indication of a bearish move yet. This will be clear after the close of this monthly candle (May 2024). **Weekly Chart** Last week candle closed as a bearish candle after a short selling that came immediately after the new record high which trapped all the liquidities and moved lower. This is a short-term selling towards the demand zones. Therefore, I am expecting the price to move lower towards or near 2280 level before starting the upward trend. This level is very critical. However, if I am considering selling XAUUSD, I need to see the price retracing higher before moving lower (creating a swing high on lower time frames). **Daily Chart** XAUUSD had an aggressive or impulsive move to the downside. This indicates a short-term shift in trend and the completion of the upward wave. However, the long-term trend is still bullish. Therefore, the plan for this week is to wait for the price to move lower towards 2280 - 2270 levels and bounce from it. The second scenario would be to look for sells around 2400 if the price moved slowly upward as a corrective move.Trade active: As I mentioned the bullish trend is still not finished yet. This trading idea is only for short term move. But the long term move is still bullish. We might see a break of 2500 level due to geopolitics factors.

**Monthly Chart** Last month's candle (Feb) closed as a pin candle (indecision) after sweeping all buy stops. This monthly candle (March) opened near the close of last month's candle and started moving higher towards retesting the historical high. **Weekly Chart** Last week we had a sharp move to the upside on 29th Feb 2024 as expected in my previous weekly analysis. This also shows the strength of Ring low formation of 12th Feb 2024 which provided a good opportunity to buy at that level. **Daily Chart** On Friday 1st March 2024, the price continued moving up to break the high of the upswing. This week I will be looking for one more push-up around 2100 level and then for the market to provide an opportunity to sell on lower time frames.

XAUUSD still Bullish **Monthly Chart** XAUUSD long-term bias is still high. Last month's candle closed as a bearish candle. However, it has a long wick on the downside. This confirms a continued move to the upside. XAUUSD looks bullish to me until it breaks 2000 level and below. While I am still looking for buying opportunity. **Weekly Chart** Last week XAUUSD started moving lower after testing monthly MC, then broke the previous weekly low only to pause around the previous demand zone. Long-term Bias is still Bullish on the Gold. However, there are also short-term counter-trend trades. **Daily Chart** Gold started Bullish after creating a Ring Low formation on a daily (Wed 14Feb) and gripped liquidity from the previous Imbalance Price Action (or Liquidity candle). Therefore, I am still bullish on XAUUSD and next target will be around 2060.

**Monthly Chart** XAUUSD long-term bias is still high. Last month's candle closed as a bearish candle. However, it has a long wick on the downside. This confirms a continued move to the upside. XAUUSD looks bullish to me until it breaks 2000 level and below. While I am still looking for buying opportunity. **Weekly Chart** Last week candle closed as a bullish candle suggesting a continuation of the bullish move. Look to buy at a retracement. **Daily Chart** The bullish move shall continue next week. But be careful as the price approaches the daily MC candle around the 2090 level. Look for buying opportunities on 4H and 1H time frame.