Goldtrade
Why People Use Indicators 👑Royal Trend👑Royal Trend👑
Topic what Why People Use Indicators
In this video we try to understand the Actual Trading in Intraday and Long Term Treading
How market really work with number's
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
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GOLD SHORTSEPT #7
Risk 0.5%
TP1 = 1:2 RR
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The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Gold/XAUUSD Daily Analysis for TradingGold Daily Analysis Made here for better understanding to traders..
Trade Wisely for Intraday/ Short term trades..
All the Best
Stay Blessed..
GOLD long setup (check the description)we have captured the down trend since the beinginng on trend change
currently price has breached some fair value area and ob's from medium time frame
as i have captured the big trend personally i wont be shorting instead will wait for my buying zone
58810 and 58665 is new current resistace
58275 and 58120 is the level where price would like wick this level to sweep the liquidity and stop loss of remaining buyers
there after 58090 - 57970 would be the non mitigated old order block where there will be order and we can new buying from this level
57650 to 57875 will be last demand zone for gold where it will be value zone for buyers
GBP/USD struggles to reclaim 1.2500 ahead of the weekendGBP/USD clings to small daily gains but finds it difficult to surpass 1.2500 on Friday. The bullish opening in Wall Street makes it difficult for the USD to continue to outperform its rivals and helps the pair hold its ground heading into the weekend.
XAUUSD-Triple bottom pattern formedAt the end of last Friday's session, GOLD had confirmation of a sideways accumulation around the 1916 - 1928 border after the price tried to push up past the 1928 peak but then sold back strongly during the night of Friday, which This shows the hesitation of investors before the US inflation announcement on Wednesday night this week.
If we label the short-term waves from the 1916 to 1928 area this morning, we will see that 5 short-term waves have completed, so the probability this evening may continue to confirm another selling phase back into the market. sidedway border.
If you trade, please note that you should only trade around the upper and lower borders and reduce the trading volume.
It is expected that if selling pressure occurs, GOLD will fall back around the 1922 - 1923 area.
Non-Farm Employment Change trading planUS Dollar Index continues to recover while gold comes under some fundamental pressure holding back the upside as core US Personal Consumer Expenditure (PCE) Price Index (PCE) data for August improved a bit. little.
The US Nonfarm Payrolls (NFP) report, due out today, is expected to bring huge volatility across the market as it will shape the Fed's capabilities going forward.
news trading strategy:
SELL GOLD 1955-1957
SL 1962
BUY GOLD 1924-1926
SL 1919
XAUUSD-Gold found in 1952 was just an accidentGold price today continued to maintain a downtrend and traded around 1925 usd/ounce.
It can be seen that last night, the USD had a hot session again, causing gold to come under downward pressure and hit its lowest level in the past week.
In the near future, the gold price may drop further to the threshold of 1,900 USD/ounce when the USD is still rising. If on September 13, the US announces that the August inflation index fell exactly or lower than the forecast of 3.2%, gold will continue to face difficulties.
Trading plan:
XAUUSD Sell zone 1933 - 1935
SL 1939
TP 1915
Gold Market Analysis: Growth Prospects Next WeekGold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains.
On the hourly time frame, the ascending channel resistance was previously broken, all expectations are for further growth, I told you there is a possibility of a false breakout. On Friday, after the release of the non-agricultural employment data and the unemployment rate, the market fluctuated in two directions, and the price returned to the boundary of the ascending channel (false breakthrough), and the closing was still an alternative to the ascending channel (false breakthrough). ). The opening price of the channel. Friday meeting. The market is weak.
As the DXY US dollar index is testing strong resistance around 104.5, a break of this area will lead the price towards 105.5, which will have a negative impact on the formation of gold prices.
SIGNALS:
BUY GOLD zone 1934-1936
SL 1930
TP 1940,1950
What to do after sudden gold rise?🌸Hello everyone, it's a pleasure to share and explore the market with you today. Currently, the gold market (August 24) has increased significantly compared to the previous session. Gold has now far outstripped a dangerous $1,900 price point after economic data from Europe showed a less positive purchasing managers index (PMI), prompting investors to ramp up their purchases of gold to hedge risks. .
🌸Specifically, PMI in this region in August was 43.7 points, higher than 42.7 points in July and higher than the forecast level of 42.6 points. However, this is still far short of the 50-point expansion threshold for manufacturing.
🌸The best trend today you can wait for gold to test about one business and then buy.
🌸You can set up buy order at 1910-1908 SL 1903 TP 1920.1925
Gold - Setup For Next MoveAll levels are mentioned on the chart. Wait for the price to come near 1937.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
GOLD - Quickly catch the rebound of goldThis morning's gold price continued to increase by 16.7 USD compared to yesterday's closing level to 1,936.5 USD/ounce, the gold price reached its highest level in three weeks.
The US Employment Turnover (JOLTS) report and consumer confidence index were much lower than expected, spurring fresh buying demand for the precious metal.
Gold prices continue to maintain a solid recovery but there is still a potential risk that it will be lower in the near future because this week there is still a lot of economic news that strongly affects Gold prices.
XAUUSDOANDA:XAUUSD
As you can see that, XAUUSD has created a Flag and Pole pattern in 15Min Time frame. wait for the breakout and take retest entry. Plan your trade accordingly.....
GOLD sideway waiting for Jackson Hole During the Asian session on Friday, gold prices faced challenges in maintaining their streak of success, hovering around $1,915 per troy ounce. The current focus is on the recovery of the precious metal after experiencing losses over the past four weeks. This anticipation stems from an upcoming speech by Jerome Powell, Chairman of the US Federal Reserve, at the Jackson Hole Symposium.
Despite a stronger US Dollar (USD), gold has displayed resilience due to conflicting discussions within the Fed at Jackson Hole and a recent decrease in bond yields from United States treasury. Additionally, recent economic data from the United States has played a role in supporting XAUUSD's stability amidst these circumstances.
You can set up a SELL order around the price zone 1923-1925. SL 1930. Have a nice day
GOLD sideway waiting for positive signsGold price remains well above key short-term support around $1,897, including one-week Fibonacci 38.2%.
Also, setting a solid floor for XAU/USD is a convergence of the 5-DMA and the previous monthly low, around $1,905.
It is worth noting that the one-day 161.8% and 61.8% one-week Fibonacci join S2 one day of the Pivot Point to add strength to the $1,905 support.
Meanwhile, the one-day 61.8% Fibonacci, the Bollinger middle band above the one-hour high and the previous weekly high together limit the Gold Price's immediate upside near $1,920.
In the event that the bulls break through the $1,920 barrier, Gold Price will rally towards the one-week 161.8% Fibonacci match, the one-day R3 of the Pivot Point and the 4-hour 200-SMA, near $1,937. can be excluded.
Slight retracement before the uptrend ⚡️⚡️Gold continued to trade at a 5-month low after the minutes of the July monetary policy meeting of the US Federal Reserve (Fed) were released. The minutes showed that the majority of the bank's officials continued to prioritize fighting inflation, while only a few pointed to the risks to the economy by pushing interest rates too far.
⚡️Yields on 10-year US government bonds hit a 10-month high shortly after the release of Fed minutes, pushing the dollar to its highest level since mid-June, easing attractiveness, driving investors away from non-yielding assets like gold.
⚡️Experts said that the loosening monetary policy of the central bank will help the economy recover better, when consumers can easily access loans for shopping. Financial investors will gradually shift capital from capital-preserving assets such as gold to investing in production and business industries or other profitable assets. This has caused gold to lose its position in the market.
⚡️The gold market is oscillating around the critical level - $1,900, a level where neither the bulls nor the bears have been able to establish a clear direction.
⚡️You can set SELL around 1903-1905, SL 1910, TP 1895, 1890. Wish you successful trading.
XAUUSD-Gold price after Powell SpeaksGold price (XAU/USD) faces an intense sell-off as Federal Reserve (Fed) Chair Jerome Powell remains hawkish at the Jackson Hole Symposium. The precious metal dropped significantly as Jerome Powell kept doors open for further policy tightening. About the labor market, Fed Powell conveys that the labor market is extremely tight and warrants more rates from the central bank.
Fed policymakers: Boston Fed Bank President Susan Collin and Philadelphia Fed Bank President Patrick Harker commented on Thursday that the current interest rate level is enough to do the required job. The US economy is still resilient due to a tight labor market and easing inflation, but further policy-tightening by the Fed could dampen market sentiment.
With my prediction gold will fall sharply after Monday evening meeting Fed Chair Powell Speaks and Jackson Hole Symposium
Gold and the way to find the bottom⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US.
Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week.
⚡️From a technical point of view, Gold is on a clearly declining range. At the weekly frame, Gold is heading towards the target of $ 1870 as the nearest landmark.
⚡️BUY XAUUSD: 1878 - 1880
❕Stoploss : 1875
✔️Take Profit : 1885
✔️Take Profit : 1890
✔️Take Profit : 1895
Note : TP, SL full to be safe and win the market !
Gold has found a bottom after a continuous decline of 1 month?⚡️Gold price today on August 21 continued to decline and reached 1891 due to the increase in USD and bond yields.
⚡️The gold market was under pressure as US Treasury yields and the dollar index rose. Yields on 10-year US Treasuries hit their highest level in 15 years. The USD index recorded a 9-week high, closing the session at 103 points.
⚡️Bond yields rose ahead of the possibility that the US Federal Reserve (Fed) would maintain the current high interest rates, not to mention the Fed may continue to raise interest rates in September. That creates a challenging environment for gold, which means gold prices are unlikely to rise in the near ter
⚡️Trading plan you can watch to sell gold around the price zone 1903-1905. then the 1906 price zone will become a strong support zone. You can consider buying gold at this price range. expect gold to recover to 1911.
Gold recovers but remains low⚡️Due to higher US bond yields, gold prices held steady near 5-month lows. Markets prepare for the Fed's Jackson Hole symposium for more directional hints on future interest rate cases.
⚡️In recent times, macro data and comments from Fed officials are supporting the possibility that US interest rates will likely continue to rise and stay high for a long time as inflation remains high.
⚡️This will create conditions for the Dollar to continue to dominate the entire market, causing pressure on gold, silver, etc. and other major currencies to correlate.
⚡️Traders will be eyeing the Jackson Hole symposium this weekend, which brings together economic policymakers from around the world. This event is notable and is expected to create strong swings in the market because it can help clarify the monetary policy direction of major central banks, providing more direction to the market. foreign exchange and help determine the direction of gold prices in the short and medium term.
Gold trading plan on 23/08/2023⚡️World gold price this morning continued to increase slightly with spot gold up 2.9 USD to 1,897.2 USD/ounce. December gold futures last traded at $1,926.0 per ounce, up $2.30 from dawn yesterday.
⚡️In yesterday's trading session, 8/22. Short-term offsets and some light bargain hunting are believed to have been the hallmarks of the precious metal's rally, after hitting a five-month low in recent times.
⚡️In the afternoon session on August 22, the world gold price once crossed the threshold of 1,900 USD/ounce. However, because the USD and US Treasury bond yields remained strong, attracting money flows, gold price turned back slightly below the threshold of 1,900 USD/ounce.
⚡️The market looks quieter as traders and investors alike turn their attention to the Federal Reserve's (Fed) annual economic symposium to be held this weekend in St. Jackson Hole, Wyoming. All are waiting for Fed Chairman Jerome Powell's speech for clues on the interest rate outlook.
⚡️Trading strategy: You can set a sell order at 1907-1910. SL 1915 TP 1900,1895
long Gold after breakout from the reversal hns patternHead and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.
