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Goldtradingstrategy

Trading gold signals 28/8☘️Fundamental Analysis Gold prices lost steam amid a modest recovery in the US dollar (USD) on Wednesday. However, escalating geopolitical tensions in the Middle East could help limit losses. In addition, US Federal Reserve (Fed) Chairman Jerome Powell's speech at the Jackson Hole symposium last week, signaling that it was "time" to start cutting interest rates, could support the precious metal as it reduces the opportunity cost of holding non-interest-bearing assets. Investors will pay closer attention to speeches by Fed officials Christopher Waller and Raphael Bostic on Wednesday for some hints on the path of US interest rates. Attention will also turn to preliminary data on US annualised GDP for the second quarter (Q2) and the Personal Consumption Expenditures (PCE) price index, due on Thursday and Friday. Better-than-estimated results could lift the US Dollar (USD) and limit upside in USD-denominated Gold prices. ☘️Technical analysis Gold is retreating from the closing level of 2424, currently gold is approaching the important area of ​​2509. When breaking this area, lower areas can pay attention to trading in the European session around 2503-2495. Today, the main plan is to wait for buying to break ATH. On the contrary, if the price pushes to 09 and does not break, you can buy in the 09 area. If you cannot break this area in the European session, you can close the order. The candle closes above 2020 after the European session ends, consider finding a recovery point for DCA to buy the target to break ATH. Wish you a successful transaction. SELL scalp zone 2530 - 2532 stoploss 2536 SELL zone 2545 - 2547 stoploss 2551 BUY scalp zone 2496 - 2494 stoploss 2490 BUY zone 2485- 2483 stoploss 2480
OANDA:XAUUSD
by TVS-Trader
POSSIBLE GOLD MOVE WITH 1:10 RISK REWARD AT SUPPLY ZONEGOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON ALL THE SETUPS ARE JUST FOR EDUCATIONAL PURPOSE A. Volumes showing buyers are showing intrest . and shock zone going to break which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
GOLD UPDATE INTRADAY TODAY #Gold Range Prediction from Today 23/08/2024 is as under. Gold Spot : 2480$-2530$ Gold INR : 71200-72250 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
MCX:GOLDV2024
by santoshshukla1996
#XAUUSD/H1 Weekend trading trends. Opportunities and risks ?Forecast for 8/23/2024: Gold is expected to continue its correction, with a high likelihood of further adjustment. Frame D has shown a reversal, presenting an opportunity for short selling and preparing for a strong rise after the completion of gold's momentum. The trading trend for today is SELL. Key price levels to watch: SELL zones: 2497 - 2500 and 2508 - 2511. BUY zones: 2473 - 2476 and 2450 - 2454. Recommended orders: Plan 1: SELL XAUUSD zone 2497 - 2499 SL 2503 TP 2494 - 2485 - 2475 - 2450. Plan 2: SELL XAUUSD zone 2509 - 2511 SL 2515 TP 2500 - 2490 - 2480 - 2450. Plan 3: BUY XAUUSD zone 2473 - 2475 SL 2469 TP 2480 - 2490 - 2495.
OANDA:XAUUSDShort
by oakpotshy
Is it still possible to adjust to 2435 and 2450 beats per minuteAnalysis of the gold trend in the Europe - America session on August 22, 2024: The analysis from yesterday was completely accurate as gold has confirmed the current peak at 2531. The deep correction trend continues, albeit slowly, due to political situations and investor sentiment. Today, there will be news affecting USD and GOLD, leading to the possibility of establishing new peaks before further adjustments. The trading trend for today is SELL. Key price areas to watch: SELL zone: 2517 - 2523, 2525 - 2527, and 2538 - 2541. BUY zone: 2500 - 2503 and 2494 - 2497. Recommended orders: Plan 1: SELL XAUUSD zone 2517 - 2519 SL 2523 TP 2514 - 2505 - 2495 - 2450. Plan 2: SELL XAUUSD zone 2525 - 2527 SL 2531 TP 2520 - 2510 - 2500 - 2450. Plan 3: BUY XAUUSD zone 2500 - 2502 SL 2496 TP 2507 - 2515 - 2520.
OANDA:XAUUSDShort
by oakpotshy
BTCUSD SHOWING A GOOD DOWN MOVE WITH 1:20 RISK REWARDGold trying to break the rectangle zone to Down side With huge sellers power A short term 15m tradeing setup showing on gold Selling setup With a risk reward ratio of 1:20 The setup giving clarity to SELL Selling because in longterm it's a Down TREND Also in a pick top lable And forming a DOWN setup So according to the combine results of 15minit 1hour and daily  chat And the short term setup All are of them indicating the same SELLING SETUP BTCUSD SHOWING A GOOD D UP MOVE WITH 1:20 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDShort
by tradergyan01
GOLD SHOWING A GOOD UP MOVE WITH 1:10RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
#XAUUSD/H1 Confirm the two-peak model or continue to increase?Gold XAUUSD analysis on August 20, 2024: Following the start of the trading week on Monday, prices remain sideways in the 2500 - 2510 range. This correction phase is likely forming a double top pattern at H1; breaking through the 2477-2480 range would confirm the pattern. Currently, there is a small overbought area at 2508 - 2513. Today's trading trend is SELL. Key price levels to note: SELL zone 2510 - 2516, 2526 - 2530; BUY zone: 2490-2493, 2477 - 2482. Recommended orders: Plan 1: SELL XAUUSD zone 2514 - 2516 SL 2522 TP 2508 - 2500 - 2590 - 2435. Plan 2: BUY XAUUSD zone 2490-2492 SL 2486 TP 2495 - 2500 - 2510. Plan 3: BUY XAUUSD zone 2480 - 2482 SL 2476 TP 2488 - 2495 - 2510.
OANDA:XAUUSDShort
by oakpotshy
Gold Analysis August 16Fundamental Analysis The US economic data was stronger than expected and the market is anticipating that these data could affect the extent of the Federal Reserve's interest rate cut. The US dollar and US bond yields rose, making it difficult for gold prices to rise. The latest data released by the US showed that the core consumer price index (CPI) in July, which is a price index excluding food and energy costs, fell to its lowest level since early 2021 compared to the same period last year. This shows that inflationary pressures have eased, supporting the Federal Reserve to cut interest rates next month. In particular, a report from the US Department of Labor showed that the number of new Americans filing for unemployment benefits last week fell to a one-month low. As a non-interest-bearing asset, gold prices tend to rise when interest rates fall. As inflation slows, expectations of a Federal Reserve rate cut will increase, further boosting the appeal of gold. Additionally, gold purchases by central banks around the world have also become a reliable support for gold prices. Apart from monetary policy, geopolitical uncertainty has also been a major factor driving demand for gold. Tensions in the Middle East and the conflict between Russia and Ukraine have increased the appeal of gold as a safe-haven asset. Technical Analysis From a technical perspective, the overnight failure near the $2,470 resistance level makes it prudent to wait for some follow-through buying before positioning for any further gains. With the daily chart oscillations holding in positive territory, Gold could then aim to break above the all-time highs around the $2,483-$2,484 zone hit in July and conquer the psychological $2,500 mark. A sustained strength above the latter would confirm a breakout above a month-old trading range and could be viewed as a fresh trigger for bullish traders, setting the stage for a further near-term upside move. On the downside, the $2,447-2,445 horizontal zone now looks to protect the immediate downside ahead of the $2,430-2,429 zone and the weekly low, around $2,424. Some follow-through selling could leave Gold vulnerable to further weakness below $2,400. Resistance: 2475 - 2488 - 2500 -2509 Support: 2438 - 2333 - 2426 - 2421 Price ranges to note: SELL zone 2473 - 2475 stoploss 2479 SELL zone 2498 - 2500 stoploss 2504 BUY zone 2438 - 2436 stoploss 2432 BUY zone 2426 - 2324 stoploss 2420
OANDA:XAUUSD
by TVS-Trader
A decending triangle patterns showing on XAUUSD WITH 1:10 RRA decending triangle patterns showing on XAUUSD A short term 15m tradeing setup showing on gold Selling setup With a risk reward ratio of 1:10 The setup giving clarity to selling because in longterm it's a Down TREND Also in a pick top lable And forming a DOWN setup So according to the combine results of 15minit 1hour and daily chat And the short term setup All are of them indicating the same SELLING SETUP A decending triangle patterns showing on XAUUSD A short term 15m tradeing setup showing on gold Selling setup With a risk reward ratio of 1:10 The setup giving clarity to selling because in longterm it's a Down TREND Also in a pick top lable And forming a DOWN setup So according to the combine results of 15minit 1hour and daily chat And the short term setup All are of them indicating the same SELLING SEUP
FX:XAUUSDShort
by tradergyan01
11
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDShort
by tradergyan01
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD CPI NEWS SETUPSURESHOOT SETUP CPI news tradeing GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD CPI NEWS SETUP DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FXOPEN:XAUUSDLong
by tradergyan01
GOLD SHOWING A GOOD UP MOVE WITH 1:10RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:10RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
5
GOLD - SYMMETRICAL TRIANGLE BREAKOUT. MORE UPSIDE AHEAD ?Symbol - XAUUSD Gold was trading inside the flat 2420 - 2370 forming a symmetrical triangle. Traders were continue to struggle for the area of 2400 & it just gave a breakout. Around 2400, There is a rather encouraging situation indicating how the bulls continue to hold the support of the global trend. The issue of aggressive easing of the US Fed policy is still relevant. Likewise, speculators are closely watching developments around Iran's attack on Israel. If it happens, it is likely to give additional impetus to the growth of gold prices. Meanwhile, Initial Jobless Claims of the US may provide short-term potential for the markets. Support level as of now: 2380 The problem with the triangle, price behavior and the current situation is that the market is neutral, as the price is in consolidation. Prerequisites for growth: - Bullish market retention on the larger timeframe - Strong reaction to the key support zone - Strong buyers have not left the market yet and continue to buy back the asset - Fundamentally, gold has strong support (hedge asset) - Strong market reaction to a false break of local support - Buyers do not let the price go below 2380 - Retests of 2400 continue - Volumes - Large pool of liquidity, interesting for MM, above 2420 - Fundamental nuances due to the Middle East P.S. : I'm holding hold position in Gold with 2380 SL.
OANDA:XAUUSDLong
by akshit_official
2
GOLD SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD GOLD SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction niw it trying to break the strong resistant lable B. after the break of this rectangle it will bost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capital follow risk reward and tradeing rules that will help you to to become a better trader thank you
FX:XAUUSDLong
by tradergyan01
Gold : Is the Bullish Story Over??Gold has had a very Bullish Momentum, and now the story seems to be over before the next leg of upside, if there is for next 1 year. Technical Reasons for being Bearish : 1) Very High RSI on Daily Chart with a Deviation 2) Elliot Wave 5 is finished, and Sub-waves A & B are also finished.. Now Wave C is next, and that will be sharp downside. 3) Triple Top and Crown formation (But range bound), and a bigger fall is expected. Economic Reasons 1) China the major factor for such Bullish run, has stopped buying gold from past 2 months, and after that this sideways crown is being observed 2) Powell (FoMC Chairman) spoke at Economic symposium yesterday on 15th July, and wasn't very Dovish on Rate Cuts.. He said 2 Quarters of In-line data is promising but need more such data to be really sure. If rate cuts are done in haste, then there would be Double Peak Inflation, with even bigger peak then this time. Feds know it and will be very cautious. Fundamental Reasons 1) With US elections in 4 months, the interest in Bullion will shift to Bitcoin and Crypto, as they generally run for obvious reasons during Elections. 2) When whole world believes and there is news circulating everywhere that Rate cuts will let Bullion : Gold and Silver fly, but when it's put in news as Fact and everyone is buying, question is who is selling? Or who would sell : Retailers? Past View : Around June 30 - July 1 : I gave successful view of Gold touching 2360, 2400, 2460, and it's touched those targets. XAUUSD was hovering around 2320 around that time, and everyone was in view that Gold will come down to 2280.
OANDA:XAUUSDShort
by archit_somani
14
Gold Consolidating for a Robust UptrendOn Weekly Basis: GOLD took a support at 1640 (inverted head) on weekly charts (October, 2022) after it made a peak at 2035 (August, 2020) and correcting nearly 50%. It tried to pierce the daily top of 2070 twice after peaking in August,2020. It means it made a triple top which could mean a bear market for GOLD instead it made an inverted head at 1640 and shoulder pattern between 2010 to 2035. 50% retracement has been completed 1640, starting from 1190 and completing at 2035. The year 2024 is the fourth year of consolidation in GOLD. The resistance at 2035 has been broken and remaining in medium term consolidation pattern between 1980 to 2075. Currently 200 DMA is at 1966 with an uptrend. Fresh new Wave may start in near future by the time 200 DMA move above 2000 level. One can be optimistic and it provides a good choice to buy at current level with a minimum bold target of 2950, which becomes a strong buy from long term point of view. It has come out of oversold position to neutral zone. RSI was oversold in October, 2023. Now it has broken out of the long-term channel of 4 years and continuously trading above the upper line of the channel at an all-time high with minor blip down. Warning and Disclaimer: Above prediction should not be taken as financial advise, it is a personal opinion. Consult your financial advisor. Investment is subject to market risks. Past performance is not the guarantee for future performance. It is for educational purpose only.
TVC:GOLDLong
by AnkurSharda3
GOLD SETUP TRADE WIH 1:10 RISK REWARDGOLD SETUP TRADE WIH 1:10 RISK REWARD A good BUYING setup detected on XAUUSD It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk 4. also in day chat its showing its trying to break the 1d big trendline it will consolidate here but after breakout the upcoming move will be OSM With a small amount Stay connected Stay happy Bande mataram GOLD SETUP TRADE WIH 1:10 RISK REWARD A good buying setup detected on gold It's showing a BULL MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bullish pressure Just grab out will your own risk Stay happy
EIGHTCAP:XAUUSDLong
by tradergyan01
3