Goldtradingstrategy
Gold / xauusd (Neowave Update)Degree full forms-
L1 stand for Long term wave 1 and so on
L1 stand for Medium term wave 1 and so on
s1 stand for short term wave 1 and so on
Hello Everyone
Welcome to Trading Idea, This is Short Term Forecast
Time Frame- 4hrs
# Gold has completed first cycle and we are in ending of wave 2
# Stoploss level for this or SC3 cycle will be 2059, till than we will have bearish cycles
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Medium Term Forecast
Long Term Forecast-
Gold Trade Setup buying bias 62500 this wicked or inverted hammer , let the price run through this liquidity
next in middle of somewhere between 62350 - 62500 if there are any FVG imbalance between big candle take trade when it fill the FVG or gaps with stop loss of major swing low and target 62700 book half and rest let it run until it retest 63200
XAUUSD ANALYSIS, GOLD DATA, GOLD NFP WEEKSince last 48 days gold is trending under a closed range of 2063-2010 -$50 range which
covers whole month data , geopolitical tensions and FOMC Interest rate decisions.
XAUUSD showing no much interest since long , previous high was taken on 4th Dec 2148
and in same month on 13th Dec 2023 took previous low of 1973 post which a major movement is missing.
this week again NFP data and FOMC will be released. I am expecting movement in range 2000-1950||
2070-2100-2150.
Support and resistance levels will be changed according to the technical analysis which will be shared on Friday this week.
GoldThe Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Market Dynamics has shifted LONG on GoldWe are looking to buy gold at 2022, With a upward retracement target of 2038 , while stops below 2018 , The sentimental changes in the Bond market has triggered such a scenerio, The warfare situation with Countries taking part in the War is not help. #Trade carefully..
xauusd Downtrend movement , can expect a target unto 1995/1985Symbol XAUUSD or Gold or Gold spot
Timeframe : 45 Min
Analysis: Breakout happened on the downside, so we can expect a target of 1995/1985.
HOPE our analysis is adding value to your Trading Journey.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
EURUSD BUYThe Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
MCX Gold Price Analysis: Key Levels and TargetsFinding a foothold at 61960 , MCX Gold prices hinge on a crucial juncture. A crossover and break today could lead to target prices of 61860 , 61760 , and 61560 .
The range of 62360 - 61960 holds paramount significance for day traders, potentially game-changing. Breaking 62360 may pave the way for an attainable target at 62660 , with further implications if this level is breached.
Intraday traders are advised to closely monitor the 62360 to 61960 price range for decisive market moves. Stay tuned for more insights.
GOLD BUYING ZONE - Paitence is KEY (2024 #1)5888 - 57500 will be investor buying zone , which is 6-8% away from friday close,
and for trader they been looking the triangle pattern breakout
would rather wait and buy
instead of shorting the gold (following the long term trend)
based on my fib projection the price here has reached overbought zone which needs a correction for futher continuing the uptrend
will update further as per market movement
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XAUUSD/ GOLD SHORT TRADE IDEA SETUP- GOLD IS CURRENTLY TRADING AT A WEEKLY SUPPLY
- Before initiating shorts wait for retracement back to 2055-2068
- I think that can be a safe swing short
- Wait for the short base to get matured and then the targets could easily range from 1950-2000
- Avoid trading FOMC and other data days