Intraday Price Action patterns on gold 4/24/2024

Gold (XAU/USD): This commodity is in a downtrend on the 15-minute chart. The price reached the 2314 support.

Possible scenario: Now we could place a Buy order at the level of 2315. The Stop-Loss should be at the level of 2302 below the previous low and the Profit-Target at the level of 2333. The Risk-Reward ratio (RRR) is at the level of 1:1.38. Upcoming fundamental news (data from the US) could influence the development of this market.

Source: MT4, FXstreet, OctaFX

Intraday Price Action patterns on gold 2/16/2024
Gold (XAU/USD): The commodity has been in an uptrend for several hours on the 15-minute chart, and the price has broken through resistance.
Intraday Price Action patterns on gold 16/04/2024
Gold (XAU/USD): The commodity is in an uptrend on the 30-minute chart and has reached the 2390 resistance.
Intraday Price Action patterns on gold 18.3.2024
Gold (XAU/USD): This commodity has been moving sideways on the 15-minute chart for several hours. A bearish Engulfing formation has formed on local resistance. The price could thus decrease. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 18/04/2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 30-minute chart. A bearish Engulfing formation has formed on local resistance. The price is thus ready to fall. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 12/19/2023
Gold (XAU/USD): This commodity is in an uptrend today on the 15-minute chart. However, a bearish hammer formation (Hammer) has formed, and the price could thus fall. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 2/19/2024
Gold (XAU/USD): This commodity has been in a downtrend for several hours on the 15-minute chart. A Hammer formation has formed on local support. The price could thus rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 2/21/2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 15-minute chart. A bearish Engulfing formation has formed on local resistance. The price could thus decrease. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 4/22/2024
Gold (XAU/USD): This commodity has been in a downtrend for several hours on the 15-minute chart. A bullish Engulfing formation has formed on local support. The price is thus set to rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 2/23/2024
Gold (XAU/USD): This commodity has reached 2022 resistance on the 15-minute chart, forming a bearish Engulfing formation.
Intraday Price Action patterns on gold 4/23/2024
Gold (XAU/USD): This commodity has been in a downtrend for several hours on the 15-minute chart. A Hammer formation has formed on local support. The price is thus set to rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 1/25/2024
Gold (XAU/USD): This commodity is in a rather uptrend today on the 15-minute chart. A Hammer formation has formed on local support. The price could thus rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 12/26/2023
Gold (XAU/USD): This commodity is moving sideways on the 15-minute chart today. A double bottom formation has formed and the price could thus rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 26.3.2024
Gold (XAU/USD): This commodity has been in a downtrend for several hours on the 15-minute chart. A bullish Engulfing formation has formed on local support. The price could thus rise. Upcoming fundamental news (US consumer confidence) could affect this time frame.
Intraday Price Action patterns on gold 27.3.2024
Gold (XAU/USD): This commodity has been in an uptrend for several hours on the 15-minute chart. A bearish Engulfing formation has formed on local resistance. The price could thus decrease. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 1/30/2024
Gold (XAU/USD): This commodity is in a rather uptrend today on the 15-minute chart. The bullish formation Three White Soldiers (Three White Soldiers) was formed. The price could thus rise. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 04/03/2024
Gold (XAU/USD): This commodity has been moving sideways on the 15-minute chart for several hours. A triangle formation was formed. In the event of a rebound from its upper line or a clear break of the lower line, we could consider a short position. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 12/4/2023
Gold (XAU/USD): This commodity is moving sideways on the 30-minute chart. Now three white soldiers have appeared and the price could go up. Upcoming fundamental news should not affect this time frame.
Intraday Price Action patterns on gold 03/04/2024
Gold (XAU/USD): The commodity has reached resistance at 2081.77 on the 15-minute chart, forming a bearish Engulfing formation.
Intraday Price Action patterns on gold 03/06/2024
Gold: This commodity is on a 15-minute chart in a rising trend channel valid after six bounces for several hours.
Intraday Price Action patterns on gold 12/7/2023
Gold (XAU/USD): This commodity has been in an uptrend on the 15-minute chart for several hours. A flag formation formed. In the event of a bounce from the bottom line or breaking through the top line of the flag, we could consider a long position. The price is now poised to rise. Upcoming fundamental news could affect this market.

Trading analysis and reports

Trading courses

Profitable Trading in Financial Markets Using ROBOTS (Seminar Recording)

We present to you an exclusive seminar with representatives of the professional development team and a team of full-time traders trading using automated trading systems (AOS) at FXstreet.cz. The main content of the seminar is professional use, optimization and at the same time profitable trading using automatic trading systems for the MetaTrader trading platform, including practical demonstrations. Among other things, you will learn how to correctly verify (backtest) the profitability of AOS and then actually use AOS in practice to achieve profitable results. We will show you how to build the complete structure and logic of the trading system for conversion to a fully automatic form in the AOS structure. We will also introduce you to our perception, trading approaches and strategies using AOS.

New Seminar: Psychology of Trading and Professional Money-Management (Seminar Recording)

A completely new seminar from the FXstreet.cz workshop, this time focusing on the psychology of trading and money management. And this topic is absolutely the most important and at the same time, unfortunately, the most underestimated and neglected topic of most traders. This seminar complements our other courses, which focus more on the technical side of trading. A trader’s success depends mainly on his psyche and approach to trading. Come learn the most powerful tools, tips and advice to help you succeed. This unique seminar will certainly change your approach to trading and thus also your overall results.

Profitable share trading – practical seminar (Seminar recording)

The seminar “Profitable share trading – practical seminar” is intended for anyone who is interested in actively building their own, and above all, profitable share portfolio and learning to trade shares and stock indices profitably. The world of investment is dynamic and rapidly changing. The key to success is to create a strong and stable portfolio that can withstand any situation in the long term. The seminar is intended for all beginners as well as for slightly to intermediate traders and investors.

Practical workshop of technical analysis + professional trading systems (Seminar recording)

FXstreet.cz presents unique seminar with a guest – Patrik Urban, who worked as a professional trader on Wall Street and who will personally fly to Prague. Practical application of technical analysis, price action and trading systems of profitable traders. In addition to Patrik Urban, full-time trader Jakub Hodan will also be a guest at the seminar.

Forex professional – course for advanced traders (Seminar recording)

Seminar Forex professional is intended for graduates of the course Junior trading school and for advanced forex traders. We will teach you our profitable intraday and swing trading strategies and move you to higher profits. This is one of the best-rated FXstreet.cz seminars and we mainly focus on correlation strategies and intermarket analysis. Discount: Seminar graduates Junior trading school they have this seminar for CZK 5,200.

Exclusive VIP seminar: Trade like a bank trader! (Seminar recording)

We introduce you to exclusive seminar, which promotes seminar participants among the trading elite. During the seminar, you will learn publicly unavailable information about how forex actually works, the truth about retail brokers and other publicly unavailable information from banking and trading at the institutional level.

Junior trading school – Forex I-II (Seminar recording)

Seminar “Junior trading school – Forex I-II” is intended for novice investors and traders. If you want to try something new, stand out from the crowd and be successful in trading the financial markets, then this course is for you. Although the seminar is focused on the forex market (currency trading), so it is also suitable for all novice traders in the financial markets, and all the information from this seminar can also be successfully used for commodities, shares, stock indices or cryptocurrencies.

Literature

World bestseller about trading in Czech! Successful Traders: How Ordinary People Beat Wall Street at Its Own Game

One of the best-selling books by Kathy Lien is now being published in Czech translation! Features a series of interviews by Kathy Lien with the most successful traders. This book has become an inspiration for thousands of readers around the world. In it, you will meet stories of ordinary people who managed to get rich thanks to the systematic observance of specific rules in trading. Regardless of their profession, they are successful businessmen and investors today. This book will introduce you to their trading approaches and strategies to help you understand how to use your own diligence to achieve success in the seemingly complex world of trading.

The article is in Czech

Tags: Intraday Price Action patterns gold

Read more

Related posts