Vikinsa's GOLD (XAUUSD, XAUGBP) Journal

Traders, Gold fell down on the news of Vaccine but was it really a news based sell off? We were able to predict and trade the gold short using FCPAnalysis and Patterns. Now what? What is next? We are going to do a full multi time frame analysis of Gold and look for levels and opportunities to go long and short.
Apologies for the sound. My Microphone malfunctioned and I realised it during the video post processing.
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Take care and trade well
-Vik
P.S. (This is for education only. Not a financial advice or signal.)

Gold as analysed in August 2020 and now



https://www.tradingview.com/x/DXcBWTu9/

Traders, Gold finally rose from 1765 and reached out long profit target of 1846. Now this has reached a decision level where we need to wait for a proper confirmation before we can take further positions. There are several trading opportunities available on XAUUSD but we need to be careful as the market conditions at the moment are over stretched and we are reaching the end of 2020. Make sure that you have proper trading plan and risk management in place. Lets see what opportunities are there in this #goldforceast and #goldanalysis.

Previous Gold Analysis:

Inserted Video

Traders, Gold gave us very good long opportunities after we got a confirmation from the FCPzone (Fibonacci Confluence Zone). But again it is stuck between 2 zones and if we are trading for short duration then we are ok but for swing trading we need one of these zones to be violated. In this weekly Full Analysis, forecast and trading plan we are going to explore the possibilities whether it wants to go up or down in the final days of 2020. We as traders are always open to all possibilities and try to maximise our profit potential in the direction of the market.

Traders, Gold rose to our FCP zone and fell back down. We have been able to capitalise on the long move and then took short too as per the plan. In the analysis update of XAUUSD we see what opportunities we have on GOLD for the coming week. We also look at the higher time frame possible scenarios using FCP analysis.


Previous Gold Analysis:

Traders, Gold had brilliant 2 weeks for short opportunities. The volatility and our trading plan matched perfectly and we maximised out profit potential around 1806 price area where a lot of retail traders got trapped. Last day of the week was exceptionally well when we hit nearly 5 of our targets in quick succession. All of our targets were hit. So what is next? How is November going to treat us. Lets find out in this Full In Depth Technical Analysis of Gold.




Previous gold analysis:

Traders, Gold had brilliant 3 weeks for short opportunities. Last week gold was pushed higher and caught a lot of traders by surprise. This is how market create maximum pain. When majority start to think one way, markets move other way quickly and grab liquidity. Lets find out in this Full In Depth Technical Analysis updates of Gold.




Previous gold analysis:

Traders, Gold has been one the best markets to trade in recent weeks. It has always been our strong suit as we have been covering it extensively for months now on weekly basis. Last week it created a monstrous move which was ultimately expected. It reached our target 1865 and is now still bullish. 1882/1888 is kind of very important levels for XAUUSD too. But we must trade what we see so in this Gold Analysis & Forecast Updates we will see what's next.

Traders, Gold had a breakout last week as expected. It also completed a bearish pattern but failed to fall below 1830 area. It can still do that but for now few things on higher time frame VATA Envisage have changed which makes Gold (XAUUSD) potentially bullish. So this is an important update as Gold could be changing its bias. In this Full In Depth Technical Analysis For Jan 23, 2022 we will see what bullish scenarios are there for Gold (XAUUSD) along with bearish scenarios if it falls below 1830.

Traders, After a long consolidation and confusing price action, gold had a breakout. It reached some of our bullish targets. Now what is next? As the structure has changed a bit we need to revisit the Full In Depth Technical Analysis and start looking some of the conditions and scenarios which XAUUSD can make use of. Here is XAUUSD Full In Depth Technical Analysis & Forecast Updates.




Previous Gold Analysis:

Traders, Gold had a great breakout. After hitting few of our bullish targets, it is now sitting at an FCP zone and 1900 round number which can create a short opportunity. In fact nearly all upwards moves on gold at the moment can bring us good short opportunities too. The horizontal lines and zones are potential targets areas and support/resistance. So make sure you manage your positions around them. Although gold can fall any time for a correction next week, 1910 still looks like a good level to watch out for a confirmation on a short position. There are several liquidity areas available on gold which market can hit with a swift move so a fall to lower levels can not be ruled out.

Gold (XAUUSD) has a huge volatile week due to Ukrain and Russia conflict. It jumped and almosy immediately fell down after hitting some of our levels, completing 2 bearish patterns and collecting sell orders from a liqudity zone. Gold is again looking bearish as it has come back below 1900 level where it started from. On smaller time frames or in the even of extreme volatility it can come back up again but its bias now becomes bearish again for now.

In these market conditions if you are trading gold then you must:
1. Trade what you see on the chart
2. Limit risk appetite
3. Expect the unexpected
4. Read chart in steps
5. If in doubt, stay out.

In this Gold Analysis & Forecast Updates lets see what sort of moves and opportunities we may have next week. Presenting XAUUSD Full In Depth Technical Analysis For Feb 26, 2022 to you.

Traders, Gold again showed a lot of strength last week after a sharp fall from our FCP zone. XAUUSD has been giving us very good trading opportunities both long and short from these levels and FCP zones. In this quick update yo the previous analysis, we are going to see what important levels are there which can present us with great trading opportunities. Presenting to you: Gold Analysis & Forecast Updates - XAUUSD Technical Analysis For March 05, 2022

Traders, Under current market conditions, Gold has been flying and is nearly at all time highs. It has followed our plan posted on Jan 13, 2022. (Link below) Whilst all time highs can not be ruled out, we as traders must stay objective and assess all possibilities. In this quick and urgent analysis on Gold we will see what has happened and what is expected next. Important levels of xauusd are also in this analysis.

Chart used:
https://www.tradingview.com/x/hbr7VZa5/
https://www.tradingview.com/x/11JtVRm8/
https://www.tradingview.com/chart/XA...s-Gold-XAUUSD/

Latest analysis:

Traders, On the completion of a W pattern, Gold fell down as expected and quickly reached its first profit target. As it is standing on a support target, we need to see how the market reacts around here and trade in with the market. In this in-depth revised Gold Analysis & Forecast Updates we will look at all the possible scenarios which can help us in trading XAUUSD next week. In this XAUUSD Technical Analysis For March 20 we will go from monthly time frame to all the way to 30Minutes time frames to see what sort of trading opportunities we might have in the coming days and weeks.

Traders, Gold moved higher as expected from the FCP zone. We were expecting it to go little more down before moving higher but nonetheless it was inside the FCP zone which pushed it higher. In has reached an intermediate target FCP zone and performed a retest of the middle point of the W pattern. This still has potential to go higher to
1966, 1974, 1982-1989, 2000, 2024.
At 1974 we have potential Head and Shoulders pattern which may or may not play out so do not rely too much on it unless its neck line around 1888 is broken.
Remember that we have financial year end, quarter end and month end. Besides we still have war situation going on. So expect a lot of volatility and fake breakouts. Trade what you see and manage the risk.



____________________________________________________
DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________

Traders, Gold fell from highs after the formation and completion of a W pattern on weekly time frame. It reached the first profit target of the W pattern, bounced up and then came back down. It is now consolidating at an important level and there are few scenarios which are playing up. In this To down gold technical analysis and updates, we will analyse these scenarios and important levels to play in the coming week.
Market conditions are still not very good and we have a new quarter along with new week starting. So trade what you are comfortable with. Do not rush into trades.
Trade what you see and ignore any hypes. Stay objective.




Charts used in the Gold analysis above:
A. Current analysis and levels:
https://www.tradingview.com/x/tYGpBj8W
B. Long Term Structure:
https://www.tradingview.com/x/In6gdsNs
C. Gaps:
https://www.tradingview.com/x/te29Y3VJ
____________________________________________________
DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________

Traders, Gold has been consolidating and last week it broke smaller time frame consolidation to move higher. But do not think of that as huge upward move as it is now retesting a weekly supply zone and also possible creating few FCP W patterns. In this Gold Analysis & Forecast Updates we will visit those scenarios. Presenting XAUUSD Technical Analysis For April 17, 2022

Traders, Gold fell from a level where a left over gap was. It did not even complete a W pattern and this possibility was discussed in the previous week's analysis.
Now Gold has broken below an important trend line which make it bearish so the bias is bearish but as always we look into and prepare ourselves for all the scenarios. In this weekly analysis for Gold we explore bearish targets and bullish scenarios. Presenting XAUUSD technical analysis update and forecasts.

Traders, Gold followed our analysis and fell from 1988 supply zone after completing a W pattern with good Fibonacci confluence. Now after few recent bounces up it is reaching a critical area which can define its future direction for a long term structure.
We have:
1. Possible completion of M pattern (FCP zone)
2. Trend Lines to support
3. 200 SMA
But if this area is violated because Gold already had few bounces in recent days consuming majority of Buy orders then it can fall much further down to 1700s. That can be a very big opportunity for shorting gold.
Presenting Gold Analysis & Forecast Updates - XAUUSD Technical Analysis For May 09, 2022