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Xauusdanalysis

XAUUSD July 1, 2024 Has the uptrend begun?Last week we saw that from H1, the price completed a 5-wave pattern. According to the Elliot principle, this could be wave A or impulse wave 1 - Whether it is a wave A pattern or a complete wave 1 pattern, the 5-wave pattern is always followed by a correction wave - We expect the abc corrective wave pattern to find a trading setup when wave c completes - As shown on h1, we see that the correction pattern is in wave b phase and after wave b completes, we will determine the target of wave c to decide to enter the order. - Looking at h1, we see that the demand zone created by the bottom of wave 4 has been approached many times so this zone has been weakened and there is a high possibility of being breached, this reinforces for us that the bearish wave C will form. From the current data, we can temporarily measure the target of wave C at two price zones: 2311 and 2304. From the target area of ​​wave C we can find buy orders - In case the price breaks through the 2294 zone, our wave counting process is no longer correct, then I will update the new wave counting settings. - Area 2294 is also a good Stoploss area for our buy order
OANDA:XAUUSDLong
by DEEKOP
XAUUSD June 28, 2024 Where will the price increase go?Yesterday we had a price increase in the 2295 area. As I said, if in this zone the price increases beyond 2316.8, we have to count the waves again - We are still in a downtrend and this increase is just a recovery - The new wave counting process is denoted as on the graph. The price decline ended at 2295, wave 5 has completed and next we have the ABC correction process. - Wave A is a 5-wave pattern and currently we see the price is in the wave 4 target area. - Next we have the price will continue to complete wave 5 to complete wave A - So with the Buy settings we can set the appropriate TP, you can gradually increase the SL to avoid losing profits. - We have 2 price zones to complete the wave A target: 2332.9 and 2341.4, these are two potential price zones for the current price increase.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD on June 27, 2024, the final decline? The price has approached the 2295 zone and is currently recovering very weakly in this zone. - There is a high possibility that the price will continue to break this zone and drop to the 2287 zone. + At area 2287, if the price breaks out below this area, the price will continue to complete the target of wave 5 at price area 2256 or 2210. + If the price continues to rebound and surpass the 2315 price range, then we can say that the correction has not ended and the current price is still in a complex correction, then we have to count the waves again ( I will update if this situation happens) - At this price range, we should only observe or play Scalping because we have two price resistance zones that are quite close to each other, the 2295 zone and the 2287 zone.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD June 26, 2024 important price zones? Yesterday's price broke the 2334 zone, confirming the abc wave correction process, which also means that wave 1 and orange wave 2 have completed. After that, the price continues to decrease to continue completing wave 3. We have the characteristics of wave 3 as moving quickly and sharply, - So we wait for the candle to close below 2316.8 to confirm the correction to complete. - The second important price zone to confirm that we are in wave 3 is the price zone 2309 that needs to be broken down and the sufficient condition is that the price breaks below 2287. - After the price has broken below the 2287 area, the target price area we have measured will be considered the 2256 price area and then the 2210 price area. - I have listed important price zones so you can have the best trading management plan. - Trading plan with sold transactions from the 2334 - 2337 range, you can watch these price zones to lock in partial profits or you can DCA when the price breaks out through these price zones. - When the price breaks out through these price zones, you can find an entry point for a Sell order
OANDA:XAUUSDShort
by DEEKOP
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
GOLD SELL SETUP TRADE WIH 1:7 RISK REWARDGOLD SETUP TRADE WIH 1:7 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 1D 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 1:7 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 Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more
FOREXCOM:XAUUSDShort
by tradergyan01
GOLD SETUP TRADE WIH 1:10 RISK REWARDGOLD SETUP TRADE WIH 1:10 RISK REWARD A good Buying detected on GOLD It's showing a fall 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 A good Buying detected on GOLD It's showing a fall 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
CRYPTO:BTCUSDLong
by tradergyan01
GOLD SETUP TRADE WIH 1:10 RISK REWARDGOLD SETUP TRADE WIH 1:10 RISK REWARD A good Buying detected on GOLD It's showing a fall 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 A good Buying detected on GOLD It's showing a fall 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
FOREXCOM:XAUUSDLong
by tradergyan01
21TH JUNE GOLD PREDICTIONHere are some factors that might explain the sharp rise in gold prices on June 20, 2024: US Federal Reserve Decision: The Federal Reserve announced that it would pause interest rate hikes for the foreseeable future, citing concerns over economic growth and inflation stability. This decision led to a drop in bond yields and a weaker US dollar. Inflation Concerns: The latest CPI report showed inflation rising faster than expected, increasing demand for gold as an inflation hedge. Geopolitical Tensions: Rising tensions between the US and China over trade policies created uncertainty in the markets, prompting a flight to safe-haven assets. Stock Market Decline: The US stock market experienced a significant drop due to disappointing earnings reports from major companies, driving investors towards gold. ETF Inflows: There was a notable increase in inflows into gold ETFs, reflecting heightened investor interest in gold. Today we have strategy based on technical analysis Sell zone: 2362- 2365 Stop Loss: above the zone R:R = 1:3 Buy zone: 2330 - 2337 Stop Loss: Below the zone R:R = 1:3
OANDA:XAUUSD
by TradingGuruTop
1
17th JUNE GOLD PREDICTIONIntroduction: This analysis focuses on a sell trade for gold, targeting the sell zone between 2336 and 2341. Our objective is to establish a trading plan with a risk-reward ratio of 1:1.5, ensuring disciplined and strategic trading decisions. Traders can enter a sell position anywhere within this zone. Trade Setup: We have identified a sell zone between 2336 and 2341. Traders are advised to enter a sell position at any point within this range, providing flexibility and allowing for market dynamics. Sell Zone: 2336-2341 Risk Management: Effective risk management is crucial for any successful trade. In this setup, we place our stop loss slightly above the upper limit of the sell zone to protect against adverse price movements. By setting the stop loss at 2343, we limit our risk regardless of the entry point within the zone.
OANDA:XAUUSDShort
by TradingGuruTop
XAUUSD ANALYSIS OVER H1 CHART.Buying zone active, Looking for upward movement, Proper risk management suggested, watch my last analysis on gold for more clarification. On D1, gold quotations are above the 200-day Moving Average, suggesting that an uptrend is now in effect. The resistance line is being tested by the RSI. In this scenario, it is anticipated that the price will test and then break over the 3/8 (2375.00) level, continuing to rise to the 4/8 (2500.00) resistance level. This scenario might be nullified by a rebound from the 2/8 (2250.00) level, which could result in a slide to the 1/8 (2125.00) level. A breakthrough over the top line of the VoltyChannel on M15 will raise the likelihood of a price hike. Looking for buying opportunities in it.
FOREXCOM:XAUUSDLong
by charliedavies770
XAUUSD ANALYSIS OVER H1 CHART.Buying zone active, Looking for upward movement, Proper risk management suggested, watch my last analysis on gold for more clarification. On D1, gold quotations are above the 200-day Moving Average, suggesting that an uptrend is now in effect. The resistance line is being tested by the RSI. In this scenario, it is anticipated that the price will test and then break over the 3/8 (2375.00) level, continuing to rise to the 4/8 (2500.00) resistance level. This scenario might be nullified by a rebound from the 2/8 (2250.00) level, which could result in a slide to the 1/8 (2125.00) level. A breakthrough over the top line of the VoltyChannel on M15 will raise the likelihood of a price hike. Looking for buying opportunities in it.
FOREXCOM:XAUUSDLong
by charliedavies770
11th JUNE GOLD PREDICTIONTo analyze the gold price scenario as described, with a focus on selling in the zone of 2325-2332 and a stop loss (SL) placed 5 points above this zone, it's important to consider several factors that influence gold prices, such as market trends, economic indicators, and geopolitical events. Here's a structured analysis: Current Market Trends Price Movement: As of your stated range (2325-2332), it seems you are looking at a relatively high point in recent price movements. It's crucial to examine the short-term and long-term trends to understand if the current price is at a peak or if it has potential to climb higher. Volatility: The specified narrow selling zone and tight stop loss suggest that the market is possibly experiencing low to moderate volatility. However, it's essential to monitor volatility indices or historical price fluctuations to confirm this. Technical Analysis Resistance and Support Levels: The specified selling zone (2325-2332) should be assessed to determine if it aligns with key resistance levels identified through historical price analysis.
OANDA:XAUUSDShort
by TradingGuruTop
XAUUSD June 11, 2024 waiting for an opportunity to buy up?This week we have important news: CPI news. Last week's Nofarm newsletter provided indicators that allow the Fed to continue maintaining monetary policy as rising employment data gives the Fed confidence that people can still withstand tightening monetary policy. But with other recent data, the US economy is clearly being adversely affected by the Fed's monetary policy. On Wednesday, CPI news will be released and will clearly show us the Fed's trend in the near future. When the forecasted indicators are very positive for the Fed's work to control inflation. If the news is announced as expected, it could be a signal for the Fed to loosen its monetary policy. Looking at H4, we see the recovery after the sharp decline last week, signaling that wave 4 is forming. - Looking at the corrective wave structure, we see that there have been 3 corrective waves a b c and the current position of wave c has also reached the target area that we predicted the day before. - It is possible that wave C in the corrective structure or wave 4 as shown on the chart has now formed and we expect wave 5 to continue the downtrend. - Looking at the momentum of the H4 frame, we see that the H4 momentum has reversed to decrease in the overbought area, this reinforces the upcoming decline. - We measure the end target of wave 5 ending at 2 price target areas: area 2264 and area 2229. In the immediate future, we can look for sell down orders When the price continues to target wave 5, which is 2264 or 2229, we look for buy orders. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD week 2 June 2024 where will the decline come?Last week, China announced that it would stop buying Gold in May, making investors worried, leading to a sharp drop last Friday. In addition, the published Nonfarm news also showed that the change in US employment rate increased sharply from 165k to 275k. These are the things that caused Gold to have a sharp decline on Friday Looking at D1, we see that the sharp drop in price on Friday completely negated the increase last week. - This also confirms that wave 5 has not yet started when the price breaks below the 2318 zone - So the wave 4 correction model now becomes a Flat model with the top of wave b equal to the bottom of wave a. - From the measurement, we can measure the target of wave c in wave abc or wave 4, there will be 2 targets: area 2260 and area 2205. - This correction process, the abc process in wave 4, is confirmed to be completed when the price breaks through 2452 - This correction is negated (i.e. our current wave counting model is no longer valid) when the price breaks below 2145. - Looking at the current momentum indicator, it is preparing to reverse and decrease so in the short term, the price will continue to decline, so we should limit bottom fishing at the current price range. Our trading plan is to observe two target zones, the 2260 zone and the 2205 zone, to find a buy signal.
OANDA:XAUUSDShort
by DEEKOP