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Goldtradingstrategy

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
GOLD SETUP TRADE WIH 1:5 RISK REWARDGOLD SETUP TRADE WIH 1:5 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 15M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more GOLD SETUP TRADE WIH 1:5 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure 4. a range breaking on 30m chat Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more
OANDA:XAUUSDShort
by tradergyan01
6
GOLD SETUP TRADE WIH 1:5 RISK REWARDGOLD SETUP TRADE WIH 1:5 RISK REWARD A good selling 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 1:6 RISK REWARD A good selling setup detected on BTCUSD 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 With a small amoun4. 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 amountt Stay connected Stay happy Bande mataram
ICMARKETS:XAUUSDLong
by tradergyan01
6
12TH JULY GOLD PREDICTIONGold prices (XAUUSD) declined during the Asian trading session on Friday, eroding part of the strong upward move triggered by the weaker-than-expected U.S. CPI data from the previous day, down to the 2,424-2,425 dollar range. A modest increase in U.S. Treasury yields helped the U.S. dollar (DXY) attract some buyers. Gold is currently trading around the 2400 mark. Today, it is crucial to carefully consider entry points and ensure that signals are very reliable. Key resistance levels: 2420 - 2428 - 2434 Strong support levels: 2394 - 2388 - 2375 BUY XAUUSD 2397-2394 SL 2390 TP 2318
OANDA:XAUUSDLong
by TradingGuruTop
1
GOLD SETUP TRADE WIH 1:5 RISK REWARDGOLD SETUP TRADE WIH 1:5 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 15M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more GOLD SETUP TRADE WIH 1:5 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure 4. a range breaking on 30m chat Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more
FOREXCOM:XAUUSDShort
by tradergyan01
2
GOOGLE SETUP TRADE WIH 1:5 RISK REWARDGOOGLE SETUP TRADE WIH 1:5 RISK REWARD A good BUYING setup detected on GOOG It's showing a BULL MOVE due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. it forming a accending triangle pattern over here Just grab out will your own risk 4. also in day chat its showing its trying to break the trendline it will consolidate here but after breakout the upcoming move will be OSM With a small amount Stay connected Stay happy It's showing a BULL MOVE due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. it forming a accending triangle pattern over here Just grab out will your own risk 4. also in day chat its showing its trying to break the trendline it will consolidate here but after breakout the upcoming move will be OSM With a small amount Stay connected Stay happy
NASDAQ:GOOGLong
by tradergyan01
27TH GOLD PREDICTION As of June 27, 2024, the price of gold (XAU/USD) is trading at about $2,299, showing a bearish trend. This recent decline in gold prices can be attributed to factors such as increased USD buying and the anticipation of future rate cuts by the Federal Reserve. Despite this bearish momentum, key support levels remain at $2,300 and $2,287, while resistance is noted at $2,319.43. The 50-day and 200-day EMAs (Exponential Moving Averages) at $2,319.43 and $2,331.28 are critical levels for a potential bullish reversal​. Here is the strategy signal today for selling: SELL XAUUSD 2318-2325 SL 2327 TP 2300
OANDA:XAUUSDShort
by TradingGuruTop