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Goldtradingsetup

Gold Today - Step by Step RecoveryGold prices steadied after a slight overnight gain on Wednesday as investors worried ahead of the Federal Reserve's June meeting minutes, while copper fell amid concerns over the US trade war. - New Middle. The yellow metal has enjoyed a small rally over the past three sessions, after plummeting below the $1,900 support last week. Fear of US interest rate hike is the biggest source of pressure on gold prices. BUY GOLD zone at : $1913 - $1910 - $ SL $1900 (It is best to carefully review the FOMC news before entering the order) BUY stop GOLD at : $1932 - SL $1923 (Make sure the candle will close above this price zone) Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
TVC:GOLDLong
by DNA_TradingFX
20
GOLD MONTH TIME FRAMEAll time Low @20.540 All time High @2075.282 03Aug2020 in Black color. There's a pullback on 07March2022 in Red color. We can see here a Extrem POI on XAUUSD @438.184 - 410.486 is not mitigate yet but sooner or later price will come down to mitigate. I have marked five POI the last POI is @1226.477 - 1161.197 on 01Aug2018 01Sep1999 we saw a Bull Run {Bullmarket} till 01Sep2011 @1921.070 we thought that's a all time high @1921.070 because price started to drop. And price drop! till 01Dec2015 On 03Aug2020 Gold created new high @2075.282 and that's a all time HIGH again price come down to pushup to create new high but markets fuel tank get low and there we get a Rejection price failed to touch the all time high on 07March2022 Another Rejection on 07May2023 I THINK SOON WE CAN SEE A NEW HIGH ON GOLD. If.... price cross @1618.025 this level then we can see a mitigation @1226.477
OANDA:XAUUSDLong
by VIJETEJBHIMRAOTAMBARE
GOLD 26/6 $$ The bears are still dominant ?Friday’s rebound in gold prices came on the back of diminishing open interest and suggests that the continuation of the rebound appears unlikely for the time being. In the meantime, the yellow metal remains bolstered by the $1910 per troy ounce for the time being. Today, Gold price still stays at $1920 - $1930 Can SELL zone at SELL GOLD $1931- $1934, Sl 1944 According to technical analysis, the support zone $1910 support is quite strong, combine 2 moving averages EMA 34, EMA 89 so that the downtrend project still prevails.
TVC:GOLDShort
by DNA_TradingFX
17
06/06 - Gold runs in small frameGold price is currently fluctuating within a short-term trading range and is gradually approaching the recent support line. In the event that gold price rises above $165, it could encounter stiff resistance at $173, leading to further declines. However, if the gold price breaks through the $1,973 level, it is likely to gradually approach the $2,000 mark. The $1555 price level is the needed short-term support and it is expected to be retested. Therefore, I consider buying around 1952-1954 and selling gold around 1968.
OANDA:XAUUSD
by SupperTrading-FX
3
06/06 - Gold upGold prices at the beginning of the trading week increased as the US dollar weakened, resulting in a decrease in the US Dollar Index. This made gold more appealing to buyers who use other currencies. Gold has bounced back strongly from the support level of $1,950/ounce due to disappointing economic data. The May Purchasing Managers' Index (PMI) for the US service sector fell significantly below expectations. Business activity and new order indices have also decreased. Bullish gold speculators are being backed by the 50-period Exponential Moving Average (EMA) at $1,959.38, and the Relative Strength Index (RSI) is fluctuating between 40.00-60.00. I will consider buying gold around 1951-1954, this area will test again
OANDA:XAUUSDLong
by SupperTrading-FX
2
Do you think gold will rise today?The price of gold rebounded after hitting a low point not seen in over two months. This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth. The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset. However, it is expected that US interest rates will remain high this year, limiting the potential for significant gains in metal prices. Despite this, it is possible that the value of gold will increase later in the year as the US economy weakens. In general, in the short term, Gold can still maintain its upward momentum, if the 1950-1940 price zone can still hold the bears. Then it's not a difficult thing to crawl back to 1975 or even 1985
TVC:GOLDLong
by DNA_TradingFX
3
Gold Trading Plan for 3-4 Feb 2022OANDA:XAUUSD has been trading in a very tight range over the past 2 day - which can be observed from the markings on my chart. The Day Highs and Day Lows of the past 2 days have actually been roughly the same. This makes the Previous Day High (PDH) and Previous Day Low (PDL) from today's perspective very good breakout levels - which I have marked on the chart. The zone between these two price levels is a strict "No Trade Zone"; this has been marked on the chart as well. If XAU/USD crosses/opens or stays above the PDH , we will be looking for long opportunities and if XAU/USD crosses/opens or stays below the PDL , we will be looking for short opportunities. Entry criteria: Bullish case: Breakout above PDH on 5 minute chart to be followed by retracement which in turn would be followed by a 5 minute candle close above the DAY HIGH. Since the market has already opened with a gap now I will only be looking for a retracement followed by Day High Breakout. Bearish case: Breakout below PDL on 5 minute chart to be followed by retracement which in turn would be followed by a 5 minute candle close below the DAY LOW. Stop Loss criteria: Ideally the stop loss should be palced just below (in bullish case) or just above (in bearish ) the nearest retracement on the spot chart; this is a just a guide though - in some cases you might actually have to deploy your own discretion. Take profit criteria: One may book 1/3rd quantity at 1:1 RR, 1/3rd based on 5 minute candle close above EMA 15 (in bearish case) and below EMA 15 (in bullish case) and 1/3rd based on dynamically adjusting stop loss based on typical trend trading strategies. Also after 1:1 RR has been acheived one may choose to adjust max SL to cost. Please note the given zones are valid only until the end of the day. For today, I am biased towards the upside. But like always - I trade the price and the system and not my expectations.
OANDA:XAUUSDLong
by abhineetramjiwal