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XAUUSD 9/25/2024 gold price continues to increase? Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699. After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets - This adjustment will be very large and long to facilitate intraday trading I will choose target zones with a lot of demand so we can catch the recovery waves in this adjustment. - We have 2 target price zones with high demand concentration, which are the 2565 - 2562 zone and the 2594 - 2591 zone. These are the 2 target zones we choose to BUY up. Trading plan SELL ZONE: 2696 - 2699 SL: 2706 TP1: 2682 TP2: 2665 TP3: 2655 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2641 Tp2: 2655 TP3: 2670 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2614 TP2: 2625 TP3: 2641
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 9/24/2024 price increase continues? Looking at H1 we see wave 5 is completing - The target position of the end of wave 5 we have 2 target zones, the first zone is 2645 - 2648 and the second target zone is 2597 - 2700. For now we will choose the first target zone which is 2645 - 2648 as the target zone to SELL down - Below after the end of wave 5 we will have a correction according to 3 ABC waves. - We have the target zone of this correction at the price zone 2594 - 2591 and the second target zone at the price zone 2565 - 2562 we will choose these 2 target zones to BUY Trading plan SELL ZONE: 2645 - 2648 SL: 2655 TP1: 2625 TP2: 2606 TP3: 2593 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2606 TP2: 2616 TP3: 2645 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2570 TP2: 2589 TP3: 2603
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 19/9/2024 Downtrend is over? Looking at H1 we see that after the FOMC news we witnessed a strong price increase creating ATH at the 2600 area. Then there was a strong decrease to the 2547 area - So wave 5 has completed as expected my target. now we expect an ABC correction - Looking at the chart we see a strong decline suggesting a completed wave A, this strong decline also shows us that wave A has a 5-wave structure so this correction we expect a correction according to the ABC Zigzac correction structure - The target of wave B I expect at the 2580 - 2583 zone or the 2579 - 2600 zone this is our SELL target - After completing the target of wave B the price continues to decrease to complete wave C I expect the target to complete wave C at the price zone of 2528 - 2525 this will be our BUY target - We also have a strong support zone at the price zone of 2451 - 2448 this will be our BUY scalp zone Trading plan SELL ZONE 2580 - 2583 SL: 2590 TP1: 2570 TP2: 2562 TP3: 2551 SELL ZONE: 2597 - 2600 SL: 2607 TP1: 2590 TP2: 2579 TP3: 2562 BUY ZONE: 2551 - 2448 SL: 2561 TP1: 2562 TP2: 2570 TP3: 2579 BUY ZONE: 2528 - 2525 TP1: 2541 TP2: 2551 TP3: 2562
OANDA:XAUUSDShort
by DEEKOP
2
XAUUSD 18/9/2024 gold price has ended the correction? Looking at H1, we have a sharp and fast-moving wave 3, followed by a corrective wave 4 - According to the Elliot wave principle, wave 2 is simple, wave 4 is complex and takes more time, so we are in wave 4. - I temporarily label the small waves in wave 4 so that we can predict the end of wave 4 - Currently, looking at the price target of wave 4, we have the price range of 2565 - 2562 and the second target price range is the range of 2451 - 2448 - Looking at the structure of wave 4, we have a complex structure consisting of a Flat wave combined with a zigzag structure WXY. Looking at the wave 4 structure, we see that the correction structure may be sufficient and we expect the price to continue to increase according to wave 5 - The correction process of wave 4 is confirmed to be completed when the price breaks out through the 2590.188 zone, then we have the target zones of wave 5 above, which are the 2600 - 2603 zone and the 2616 - 2619 zone Our trading plan BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2579 TP2: 2590 TP3: 2600 BUY ZONE: 2451 - 2448 SL: 2441 TP1: 2561 TP2: 2579 TP3: 2590 SELL ZONE: 2600 - 2603 SL: 2700 TP1: 2590 TP2: 2579 TP3: 2565 SELL ZONE: 2616 - 2619 SL: 2716 TP1: 2600 TP2: 2590 TP3: 2579
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 1H SELL PROJECTION 18.09.24old buyers regain control, as the 14-day Relative Strength Index (RSI) remains comfortably above the 50 level, having eased off from near the overbought territory. The optimism prevails so long as they defend the one-and-a-half-month-old symmetrical triangle target now support at $2,560. That said, the immediate resistance is seen at the record high of $2,590, above which the $2,600 level will be tested. Acceptance above that level will call for a test of the $2,650 psychological barrier. If the Fed disappoints the doves, Gold price could witness a fresh sell-off, which could challenge the August 20 high of $2,532. Additional declines will threaten the 21-day Simple Moving Average (SMA) at $2,522, below which the $2,500 mark will be on sellers’ radars.
OANDA:XAUUSDShort
by kripsonfx97
1
XAUUSD 12/9/2024 will the gold price continue to decrease Looking at H1, we see a complete Elliot structure has been completed including 5 main waves and 3 abc correction waves, I used purple to symbolize on the chart - Following a complete structure is a new trend that coincides with the main trend with a 5-wave structure - Currently, we predict that wave 1 in the new trend has been completed and wave 2 is being completed - The target area of ​​wave 2 I measured at the area of ​​2508 - 2505, we will use this price area as the target to BUY up according to wave 3 - At that time, we measure the target of wave 3 at least at the area of ​​2538 - 2541 and this price area will be our Sell target to catch the wave 4 correction down - I still reserve a case that the current price wave 2 continues to adjust according to the abc structure that has not ended, then we will have a target BUY at 2494 - 2491 Trading Plan BUY ZONE: 2508 - 2505 SL: 2498 TP1: 2516 TP2: 2525 TP3: 2532 BUY ZONE: 2494 - 2491 SL: 2484 TP1: 2500 TP2: 2508 TP3: 2520 SELL ZONE: 2538 - 2541 SL: 2548 TP1: 2531 TP2: 2525 TP3: 2517
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 1H BUY PROJECTION Reason for Bullish Interest Rate Cuts and Economic Indicators Two Federal Reserve policymakers voiced their opinion on Tuesday, stating it would be “reasonable” to expect three interest rate cuts in the U.S. within the year. This perspective comes despite a backdrop of robust economic indicators, which have led some investors to question the feasibility of such moves. The anticipation of interest rate adjustments is a critical factor influencing financial markets and investment strategies. Surge in Gold Prices The price of gold has surged over 10% since the start of the year, cementing its status as a preferred hedge against inflation and a sanctuary amid political and economic uncertainty. This significant uptick is largely due to considerable purchases by central banks and a rising demand for safe-haven assets. Gold and Silver Prices Today As of April 5th, 2024, the precious metals market has observed noteworthy movements. Gold prices have reached new highs, driven by global trends and market dynamics, reflecting the continuous appeal of gold as an investment. U.S. Economic Outlook Recent data indicates a slowdown in the growth of the U.S. services industry for March, with a concurrent reduction in the prices businesses pay for inputs, hitting a four-year low. These developments suggest a potentially favorable outlook for inflation, influencing investment decisions and monetary policy.
FOREXCOM:XAUUSDLong
by kripsonfx97
XAUUSD 1H SELL PROJECTION 10.09.24Reason for Bearish Gold prices have continued to hit fresh highs in 2024 due to a wide range of factors — from escalating geopolitical risks and the interest rate outlook to budget deficit concerns, inflation hedging and central bank buying. Gold’s blistering rally this year was partly fueled by expectations the Federal Reserve (Fed) would cut interest rates as many as three times in 2024, as stubborn inflation started to ease. But current projections suggest only one rate cut is penciled in for the remainder of 2024. Traditionally, a weaker U.S. dollar and lower U.S. interest rates increase the appeal of non-yielding bullion. But a significant decoupling started to emerge in early 2022 and gold’s relationship with U.S. real yields has broken down even further this year. “Gold’s resurgence has come earlier than expected, as it further decouples from real yields. We have been structurally bullish gold since the fourth quarter of 2022 and with gold prices surging past $2,400 in April, the rally has come earlier and has been much sharper than expected. It has been especially surprising given that it has coincided with Fed rate cuts being priced out and U.S. real yields moving higher due to stronger labor and inflation data in the U.S,” said Gregory Shearer, Head of Base and Precious Metals Strategy at J.P. Morgan.
PEPPERSTONE:XAUUSDShort
by kripsonfx97
XAUUSD 15M ASCENDING TRIANGLE BUY PROJECTION 09.09.24Reason for Bullish Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
FX:XAUUSDLong
by kripsonfx97
XAUUSD 6/9/2024 Where will the uptrend end? Looking at H1 we are seeing a 5-wave bullish structure forming, - Currently looking at the price data, the wave 4 structure is forming, the completion of wave 4 and wave 5 are confirmed when the price breaks through 2523, then we have the confirmation of wave 5. - After a 5-wave structure will be an adjustment according to the 3-wave ABC structure. - I have estimated the wave 5 target at the price range of 2530 - 2533, which is also our SELL target - Then the ABC correction structure has a target to end at the price range of 2500 - 2497, which will be our BUY target. - I still do not rule out the possibility that the big correction wave has not been completed yet, then the target of wave C that I mentioned in the previous plan is the price zone of 2464 - 2467, which will be our BUY target when the price breaks through 2472 Our trading plan will trade according to the ABC downtrend and wait for the ABC downtrend structure to complete, then we will BUY up Trading plan SELL ZONE: 2530 -2533 SL: 2540 TP1: 2523 TP2: 2518 TP3: 2509 BUY ZONE: 2500 - 2497 SL: 2400 TP1: 2518 TP2: 2523 TP3: 2530 BUY ZONE: 2467 - 2464 SL: 2457 TP1: 2482 TP2: 2493 TP3: 2518
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 4/9/2024 complex correction has ended? Looking at H1, the complex correction process will create very difficult conditions for determining the specific structure of the wave. In such a situation, we will rely on the Fibonacci measure to determine the target price zones for the end of the entire correction process based on the previous up wave. - With such an approach, I will determine the target price levels for this correction downtrend. - Looking at the chart, we have a temporary 5-wave structure formed. We will rely on this combined with Fibonacci to set up trading zones - Case 1 if wave 5 has ended, then we expect the price zone 2482 - 2479 to BUY Case 2 if the price breaks below 2473, then the price zone ending wave 5 will be the price zone 2464 - 2467 - Above the strong supply zone 2510 - 2507 has not been broken yet, so this is still our target to SELL - Next is the zone 2515 - 2518, this is the strong supply zone above that we choose to place a SELL order/ Trading plan BUY ZONE: 2482 - 2479 SL: 2472 TP1: 2492 TP2: 2582 TP3: 2499 BUY ZONE: 2464 - 2467 SL: 2454 TP1: 2478 TP2: 2492 TP3: 2499 SELL ZONE: 2510 - 2507 SL: 2520 TP1: 2510 TP2: 2491 TP3: 2482 SELL ZONE: 2515 - 2518 SL: 2525 TP1: 2510 TP2: 2491 TP 3: 2482
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 4H SELL PROJECTION 03.09.24Interest Rate Cuts and Economic Indicators Two Federal Reserve policymakers voiced their opinion on Tuesday, stating it would be “reasonable” to expect three interest rate cuts in the U.S. within the year. This perspective comes despite a backdrop of robust economic indicators, which have led some investors to question the feasibility of such moves. The anticipation of interest rate adjustments is a critical factor influencing financial markets and investment strategies.
FOREXCOM:XAUUSDShort
by kripsonfx97
XAUUSD 3/9/2024 Downtrend is over? Looking at H1 we see that the price has reached the target of wave 4 that we expected and then decreased near TP3. Once again I would like to congratulate all of us on continuing to have a big win near Full TP3. - So now the price is completing the down wave 5 to then continue to increase - Looking at the overall correction, we can easily identify that this is a complex correction with many intertwined correction structures. - In a complex correction trend, it is difficult for us to determine when the new trend starts. But with real trading, we only care about the setups that qualify for our trading, I will not try to predict each wave accurately - Currently, I expect the target of wave 5 to end at the price zone of 2487 - 2484 and this is also our BUY target - Above, I see 2 large supply concentration zones, which are the 2507 - 2510 zone, this zone is the target zone, the last time the price approached this zone, it was pushed down very quickly, and the 2525 - 2528 zone, looking at the chart, we see that the price was pushed down very deeply after approaching this zone last Friday. and these 2 zones are also our SELL target zones BUY ZONE: 2487 - 2484 SL: 2477 TP1: 2499 TP2: 2507 TP3: 2518 BUY ZONE: 2471 - 2469 SL: 2461 TP1: 2485 TP2: 2499 TP3: 2510 SELL ZONE: 2507 - 2510 Sl: 2517 TP1: 2500 TP2: 2487 TP3: 2470 SELL ZONE: 2525 - 2528 SL: 2535 TP: 2518 TP2: 2510 TP3: 2500
OANDA:XAUUSDLong
by DEEKOP
1
XAUUSD 9/2/2024 price continues to decrease? Looking at H1, we see a sharp decline on Friday last week to the 2494 area, signaling that this is wave 3 in the red 5-wave trend above. - According to the 5-wave structure, the price is currently completing wave 4 and then the price will continue to move in a downward trend to complete wave 5. The target is measured for wave 4 at the price range of 3507 - 2510, this will be our SELL target price range. - After reaching the target of wave 4, the price continues to move to complete the target of wave 5. Then we measure the target of wave 5 at the range of 2487 - 2484, this is our BUY target price range. Trading Plan SELL ZONE: 2507 - 2510 SL: 2517 TP1: 2499 TP2: 2493 TP3: 2487 BUY ZONE: 2487 -2484 SL: 2477 TP1: 2494 TP2: 2499 TP3: 2509
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 8/29/2024 Is the uptrend over? Yesterday as predicted, wave C was completed with very strong selling pressure, we did not reach the target of the first BUY zone, but at the second BUY zone, we had a big win of 210 pips, congratulations to all of us. Currently, the uptrend is still dominant. Looking at the current trend, we expect a 5-wave structure as shown on the chart. Besides, there is still the possibility of an ABC correction structure. - We have the price zone 2510.7 as a confirmation point, if the price closes above 2510.7, then we are in a 5-wave uptrend. If the price closes below 2510.7, then this increase is just an ABC correction and then the price continues to decrease when the structure is completed. - My current view is leaning towards a 5-wave bullish structure because I am expecting wave C to reach its target at 2493.7 and then a 5-wave structure will follow, then we have wave 5 target at 2536 - 2539, this is the first target and this is also the target area for us to SELL - If the current structure is an ABC correction structure, then we have wave C target at 2487 - 2484, this will be our BUY target - In addition, we have a large demand concentration area at 2509 - 2506, so this is also a target area for us to BUY SCALP Trading plan BUY SCALP ZONE: 2509 - 2506 SL: 2499 TP1: 2518 TP2: 2524 TP3: 2531 BUY ZONE: 2487 - 2484 SL: 2477 TP1: 2499 TP2: 2506 TP3: 2531 SELL ZONE: 2536 - 2539 SL: 2546 TP1: 2531 TP2: 2524 TP3: 2509
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 8/28/2024 Has the price started a new trend? Looking at H1, we see a completed 5-wave structure followed by a correction structure. Currently, we have 2 possibilities that can happen with the current price structure Case 1, we have a Flat correction structure with peak B equal to peak 5 as shown on the chart. Then we need to wait for the price to complete wave C to be able to trade. In this case, it is confirmed when the price breaks through the 2503.9 zone - Case 2 is that the price has completed the ABC correction wave at the 2503.9 price zone and the price is currently in a 5-wave uptrend structure. If so, we have the current correction wave as correction wave 2 in a new uptrend structure, then we expect the price to break through the 2526.6 zone to create a new higher peak. And this case is confirmed when the price breaks through 2526.6. Combining the possibilities we have the following trading targets. Pay special attention because the current price structure is still unclear, requiring us to manage the transaction closely. SELL ZONE: 2536 - 2539 SL: 2546 TP1: 2527 TP2: 2519 TP3: 2523 BUY ZONE: 2512 - 2509 SL: 2502 TP1: 2519 TP2: 2531 TP3: 2536 BUY ZONE: 2498 - 2495 SL: 2488 TP1: 2509 Tp2: 2519 TP3: 2531
OANDA:XAUUSDLong
by DEEKOP