Goldtradingstrategy
Gold Petal Intraday Prediction Levels for 7 Dec 2023Gold Petal Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
Gold Mini Futures Intraday Prediction Levels for 7 Dec 2023Gold Mini Futures Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/Line or after break down and close below the Support zone/Line.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
GOLD | InvestmentBuying some quantity of goldbees
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
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Xauusd gold SELL in Daily time frm3 ideas found in US GOLD
Analysis one
In Daily Time frame
Us gold still is premium price(above 60% price 1932.2 in fibo)
so it should come below or on the discount price of 1908.3 (on the 50% or below 50% fibo price)
3 OB found in gold
1 is on the 50% price
other two below 50%
1st OB or Buy Zone
1933-1908.3 (1908.3 is accurate 50% price)
2nd OB or Buy Zone
1885.5-1868.9 (1884.4 is accurate 38.2% price)
3rd OB or Buy Zone (most strong OB)
1934.882-1811.328
gold still in selling
Short opportunity in gold (XAUUSD)Hey guys i just posted my views on Gold, according to my analysis there is short opportunity in gold. in my analysis i have given you two possible scenarios to take entry, first one is take entry when price entered in FVG. if MSS+FVG entry model failed then go for my high probability entry model MSS+OB.
THANK YOU TRADERS
I HOPE U WILL GET SOME GOOD PROFITS
Gold sideway this weekAt the end of last week's session, GOLD continued to maintain a downtrend and fell around the 1933 - 1935 area. If we now label the wave, we can take the starting point of this downtrend at the 1963 - 1965 area, because Before that, there was a quick recovery that ended and created a downward structure afterward.
If we take the peak of wave 1 at 1933 - 1935, the price has now completed 4 large waves (Red Label) with wave 3 being an extended wave form. This morning, the wave 4 structure is forming at 1939 - 1942 and begins. Selling pressure appears again in this area, so the probability that this evening, the downtrend will continue to form.
With the trading strategy, we can wait to sell around the 1939 - 1942 area with a short-term target at 1933 - 1935. However, with this strong selling pressure, it is likely that the price will further decrease to the 1919 - 1924 area.
XAUUSD-Gold analysis-The Gold is not able to hold the 2000 mark, and after making the triple top, which is the bearish sign, now lands below the 1950 psychological level
-The LTP is 1937, which means again it will touch the previous week's low, which is near 1900-1880
-There is a slight bounce change near 1911-1905 for 1940-1950, but this is a short opportunity if the price remains intact at that level.
-The Fibonacci, 50 % of the uptrend, is near 1910-1908, so the chance is a slight dead cat bounce for the selling opportunity
- For long trade will near 1900-1980 with good risk reward
-Every rise is a short opportunity for sale if the price does not break the 1960 close.
GOLD AT 60,000 , WHATS NEXT ??Short Recap - Gold had good rally from 6th oct , to the upside from 56500 to 61250
Currently - price is hovering around the higher time frame bearish order block which is resulting a resistance phase to gold price from (61500 to 60500 zone)
there is been a internal CHOC (trend change) from bullish to bearish
although the bearish continous will be confirmed if price breakdown and close below 60200 - 60,000
What to do -
after the break and close of 60,000 short trade can enter with quick targets
as this could be pullback on major time frame
where as those willing to go long will need to wait for specific levels
consider 58250-58000 zone as a value buying zone
this can be tracked based on price shifting the stucture from lower low and lower high towards higher high to higher low as Long Indication
XAUUSD Short Term IdeaShort Position with SL and 3 TPs.
All ideas are my own analysis. For educational Purpose only. Any Loss on taking this trade is not my responsibility. Taking position off my idea is own responsibility, Users are responsible for their our actions. Tip: Always trade with Risk Management
XAUUSD : XAUUSD trading strategy today Currently, gold is still fully above the H4 framework price increase channel. Unless gold breaks out of the upward price channel, the trend for gold will still be up. Conversely, if gold breaks out of an upward price channel, the trend will be bearish. On the daily chart, the histogram is still rising and no such deviation is seen on the daily chart. Even though the stochastic has been in overbought territory for a long time and the RSI is in overbought territory, gold is still likely to move higher. There are signs that gold is not going down. On the H4 chart, the histogram starts to get shorter. Stochastic has moved out of overbought territory. Gold is very likely to have a correction rhythm in the coming days and then accumulate and move higher. There is some news today, but it doesn't have much of an impact on gold, gold could fall to the 1991-1986 range, buy in that range and limit your losses from 1985-1984. can. Currently, gold is moving sideways around his 2004 to his 1989 . We can still surf.
Gold Trade Idea Gold Update
- Since my last post Gold did follow my plan and led to a significant move to the upside.
- Remember we don't trade any patterns my conviction was based on merging Fundamentals along with technical analysis.
- The Global Scenario for gold looks bullish and commodities overall will remain bullish in a market where we have chances of the war getting escalated.
- DXY too will be important to be observed before trading Commodities because DXY has stayed calm since 3 weeks.
- Trading aggressively this week will only result in leaked gains and losses.
- The mentioned Red Zone will be an important area to catch a gold short ONLY if you see a good rejection or else let it hover around. (2100-2150 is a strong supply zone).
GOLD today. Continues to draw in safe haven investments🌷US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index - Talking Points
- Gold prices appear to be comfortably above the USD level during Wednesday's trading session
- Treasury yields after hitting new highs again but gold seems unaffected by that
- The US dollar has been volatile despite global instability. Will XAUUSD continue to rise?
🌷World gold price stood at 1,937 USD/ounce, a sharp increase of 22 USD/ounce compared to the same hour yesterday morning. The precious metal is holding its position high as a haven despite US government bond yields rising to multi-year highs.
🌷Two-year Treasury notes traded at 5.24% for the first time since 2006 on strong economic data. US retail sales in September exceeded forecasts, causing Treasury bond yields to increase. The US Dollar rose against the British Pound, Yen and Canadian Dollar, but remained mostly stable elsewhere. RBA signals a more hawkish stance on the Australian Dollar.
🌷The geopolitical situation in the Middle East has supported gold as a safe-haven asset, despite the usual challenge posed by rising returns on low-risk assets such as Treasury bonds. Resolution of the situation seems distant as it continues to develop.
🌷The XAUUSD market will continue to attract safe haven flows due to the Israel-Hamas conflict. If there are signs that the Fed is nearing the end of this rate hike cycle, that would be good for gold, even if we don't get any rate cuts anytime soon. It is forecasted that gold will fluctuate in the range of 1,900 USD/ounce until there is some ceasefire or the conflict subsides.
Plan trading
SELL GOLD 1951-1953
SL 1955
TP 1940
BUY GOLD 1935-1937
SL 1932
TP 1950
gold next support level 57460 - 56300??* IM NOT IN FAVOUR TO SHORT INSTEAD WAIT FOR VALUE BUYING AREA*
gold has breached all of its recent support and this fall looks like free fall maybe because of dxy rising
57460 and 56300 will be very important level base on previous trend low to recent high fib retracement of 0.6 and 0.7 golden zones are appearing on exactly on our fair value area
WILL UPDATE FURTHER ON EVERY MAJOR MOVE
The return of GOLDGold price (XAU/USD) witnessed an intraday turnaround from the $1,885 region, or over a two-week high and settled near the lower end of its daily range on Thursday. Consumer prices in the United States (US) rose more than expected in September and lifted expectations that the Federal Reserve (Fed) will keep interest rates higher for longer. This led to the sharp overnight rise in the US Treasury bond yields and triggered a massive US Dollar (USD) short-covering rally, which, in turn, was seen as a key factor exerting pressure on the precious metal.
XAUUSD Analysis-The gold price last week retraced after the NFP data and took the demand zone of the last swing low area which is near 1808-1805
-Before going upside the gold needed to retrace the same demand zone from 1812-1816
-Need to break the near resistance which is 1837-1844.
-For the breakout long 1846.800 SL 1837.300 TGT 1877.500
-The near support is 1812-1816
Gold Mini Important Support and Resistance Level For 11-Oct-2023The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas