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Xauusdanalysis

XAUUSD July 23, 2024 Where will the rising wave go? Looking at the H1 chart, we have a completed 5-wave bearish pattern - The target of wave 5 has been achieved near the price range of 2382 that I predicted yesterday - After completing the next wave 5, there will be 2 cases, the first case is that the price continues the 5-wave impulse wave pattern. The second case is the abc bullish correction pattern. - Regardless of the pattern, we now expect a price increase at least according to the abc correction pattern - The target of ending the correction wave will be specifically determined when the wave has completed at least 2 waves a and b. Based on current price data, I estimate the target of the correction wave is the price range 2433. - If this rally gets past 2453 then we will be leaning towards a trend rally to 2500 then I will update everyone. Trading plan BUY: 2491 - 2488 SL 2483 TP1: 2420 TP2: 2433 SELL ZONE: 2433 - 2436 SL: 2431 TP1: 2411 TP2: 2494
OANDA:XAUUSDLong
by DEEKOP
What factors are holding back the increase in gold prices? Gold prices (XAU/USD) attracted buyers in early trading on Monday, ending a three-day decline from last week's record high. Dovish expectations from the Federal Reserve (Fed) and President Joe Biden's withdrawal from the presidential race have caused some investors to cancel bets on a Trump victory. This reduces the strength of the US dollar and supports gold prices. In addition, concerns about slowing economic growth in China, geopolitical risks from the prolonged Russia-Ukraine war and conflict in the Middle East also contributed to raising gold prices. These factors continue to drive demand for gold as a safe-haven asset. However, XAU/USD is yet to see a strong buying move as traders await US Personal Consumption Price Index (PCE) data on Friday. This data will provide clues about Fed policy, which will determine the near-term trajectory for gold prices. Note price range: Buy zone: 2392 - 2390 Stop loss: 2386 Take profit 1: 2400 Take profit 2: 2410 Buy zone: 2430- 2432 Stop loss: 2436 Take profit 1: 2420 Take profit 2: 2410
OANDA:XAUUSDShort
by mswhitetrader
XAUUSD July 22, 2024 Is the decline over? The information that President Biden withdrew from running due to his health further confirmed Trump's high chance of winning the election. This information immediately caused XAU to gap up on Monday morning Looking at H1 we see a sharp sharp decline, this is the ongoing wave 3. - At the price range of 2394, we have a strong rebound. From this rebound we expect that wave 3 has ended and this rebound is wave 4. - The target of wave 4 I measured at the price range 2420 or price range 2428 - After completing wave 4, the price continues to decrease to complete the 5-wave pattern - With the current price data, I can temporarily measure the expected target of wave 5, the last down wave of this downtrend, at the price range of 2382 or the price range of 2366. - After the end of this price reduction, we expect a strong recovery and I will update the specifics of this recovery after the price completes this 5-wave decline. - Our trading strategy is to observe price reactions at support and resistance zones to enter orders
OANDA:XAUUSDShort
by DEEKOP
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
XAUUSD on July 18, 2024 continues to wait for the target zone? Continue with the previous day's plan - Looking at H1, we have black wave 5 which is an expanding wave. - In the black wave 5, there is a yellow 5-wave structure and now we have a yellow 4 wave that may have completed. - From the measured targets for the end of wave 5 of the plans in recent days, we will have the first target at the round number area of ​​2500 - Currently we wait for the price to reach the target area of ​​2500 to find conditions to SELL
OANDA:XAUUSDShort
by DEEKOP
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
XAUUSD July 17, 2024 Will the rising wave continue?XAUUSD July 17, 2024 Will the rising wave continue? The information we received is that Mr. Trump's brother is officially named as the Republican candidate. The fact that Mr. Trump is a bright candidate for the United States is creating conditions for XAU to increase in price because of its policies. In the past, he advocated for reducing interest rates to focus on economic growth. The information released from the Fed in recent days shows dovishness with announcements that curbing inflation is very effective as well as statements from Fed Chairman Powell also making dovish comments. . This also makes the expectation that interest rate cuts will happen sooner. Looking at H1, we see that yesterday there was a strong increase, which shows that we are having wave 5 extension. We are measuring wave 5 and currently have two important target price areas to observe: the 2481.6 area and the 2500 round resistance area. - At this time we should limit buying because the price is at the peak of the price force. Looking at the RSI, we see that the price momentum is weakening, while the price is still increasing, this signals that the current uptrend has ended. weakening force increased insignificantly - We have target price zones to find selling points at 2481.6 and 2500. - We expect the price to have a slight correction and then create a new peak near the 2500 area and the RSI peak will then diverge, which will be a nice sell trade setup. We continue to observe the price in this area to find a Sell down point. - In the immediate future, we have a target area for the downward correction wave at the price range of 2438.6. When there is more data about the dark price, this target area will be updated
OANDA:XAUUSDShort
by DEEKOP
XAUUSD trading plan for week 1, July 2024 Looking at D1, we see that the adjustment process has reached the end of the period - Unlike impulse waves, corrective waves take a long time and often have complex patterns that are difficult to predict. - Looking at the current model, I am leaning towards the complex triangle correction model with ABCDE structure in Elliot - The beauty of Elliot is that there are price levels that confirm whether we are moving in the right direction. - We have 2 prices that confirm our wave counting + If the price level 2284.37 is broken below then our current assumption is no longer correct then our previous assumption that the ABC correction model I mentioned last week will apply + If the price level of 2365.7 is broken, the triangle correction model we are predicting will be confirmed. - So our plan is to wait for the price to break out of the 2365.7 price range and test again to enter a Buy order. - If the Breakout price drops below 2284.37, then we wait to test again and enter a Sell order. If that happens, I will update.
OANDA:XAUUSDLong
by DEEKOP
How will XAUUSD fluctuate after Trump's case? The failed assassination of presidential candidate Trump increasingly increased his odds of winning the election as well as helping the Republican party hold a large number of seats in the parliament. If the Republican Party prevails in the election, This will promote a reduction in USD interest rates. This is also the reason why XAU has increased in recent days. Looking at H1: - The purple 5-wave structure has been completed. This could be the wave 1 structure in a larger wave. and so next will be the corrective wave structure - Like I said before, corrective waves often take a long time and move complicatedly, we need a lot of follow-up data to shape the corrective structure. - But for simplicity we can expect a simple ABC structure to observe - Then we temporarily have the target area for corrective wave C at 2 price areas: 2367.7 and 2349.3. - The current plan is that we can sell at the price range of 2429 to the price range of 2440 and set the SL at the top of 2440.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD July 9, 2024 potential buying point? Looking at h1 yesterday, we continued to successfully predict the direction of price movement - Currently, the price is approaching the target area of ​​wave C. As I said yesterday, we need data from waves A and B to be completed to determine the target of wave C. - Currently, I measure the target of wave C located at 2 price areas 2355 and 2346 price areas. These 2 price items form a narrow area where we can enter a Buy order at this price area. - If the price breaks through 2339, our current wave counting process is no longer correct, then I will update you again.
OANDA:XAUUSDLong
by DEEKOP
1
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
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
FOREXCOM:XAUUSDLong
by tradergyan01
4
GOLD SETUP TRADE WIH 1:5 RISK REWARDGOLD SETUP TRADE WIH 1:5 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 1:5 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 Bande mataram
PYTH:XAUUSDLong
by tradergyan01
2
LONGTERM GOLD BUY SETUP TRADE WIH 1:10 RISK REWARDGOLD SETUP TRADE WIH 1:10 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 With a small amount Stay connected Stay happy Bande mataram GOLD SETUP TRADE WIH 1:10 RISK REWARD A good selling 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 With a small amount Stay connected Stay happy Bande mataram
OANDA:XAUUSDLong
by tradergyan01
2
XAUUSD July 8, 2024 Will the rising wave continue? Nonfarm news last weekend with lower employment data than the previous period caused gold to have a strong increase in price to 2392.2, this price increase may need to continue a correction of wave 4 before completing wave 5. final increase. Looking at H1 we see Black wave 5 has exceeded our measured target and approached the 2392 area. - So the next 5 waves are a correction. The corrective wave is a complex wave that is difficult to specifically identify, but we still take the ABC corrective wave as the standard for price observation. The specific target of this corrective wave needs to be observed at least as waves A and B complete to be accurate, but from the current data I measure the target of the corrective wave ending at the price range 2363 or 2355. These are the two price zones I expect to continue buying. We will continue to observe price behavior during the correction wave to more accurately determine the target price zones of the correction wave.
OANDA:XAUUSDLong
by DEEKOP
GOLD SETUP TRADE WIH 1:6 RISK REWARDGOLD SETUP TRADE WIH 1:6 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 1:6 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
EIGHTCAP:XAUUSDShort
by tradergyan01
2