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XAUUSD 16/8/2024 Has the Uptrend Started?XAUUSD 16/8/2024 Has the Uptrend Started? Yesterday after the PPI news, we saw a strong shakeout and the price came close to the 2nd BUY target zone that I had given and then bounced strongly. But I did not expect such a strong downtrend, so the price zone of 2445 - 2442 did not set a BUY order. Today I expect a correction wave to the 2447 - 2444 zone to complete wave 2 in red and then continue the uptrend according to wave 3. During the price increase according to wave 3, we pay attention to large supply zones such as the 2476 zone, the 2484 zone and the 2500 zone, these are the zones I choose as targets to SELL down Trading plan BUY ZONE: 2447 - 2444 SL: 2437 TP1: 2458 TP2: 2468 TP3: 2476 SELL ZONE: 2484 - 2487 SL: 2494 TP1: 2476 TP2: 2468 TP3: 2458 SELL ZONE: 2497 - 2500 SL: 2507 TP1: 2484 TP2: 2476 TP3: 2468
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 15/8/2024 Has the uptrend started? Yesterday's CPI news showed a sharp increase in price when it was announced and then a sharp decrease. This is a move to shake off the sellers so that the price can complete wave C. - The sharp decrease in wave C is still, in my opinion, the final shakeout before the price starts to increase to complete wave 5 I predict that this week the price will likely create a new ATH followed by a further correction. - The wave 4 target I set yesterday has been completed at the price range of 2442 to 2445. With a Buy order at this price range, we have a profit of 100 pips. You can close a part of it and raise the SL to Entry. I have a backup target at 2430 - 2427 we will look at this target if price breaks out 2439 - I see a big supply zone at 2468 - 2471 so I will set a Sell scalp target at this zone - Our main Sell target is the end of wave 5 now I am targeting the first wave 5 target which is 2500. Trading Plan BUY ZONE: 2430 -2427 SL: 2420 TP1: 2439 TP2: 2458 TP3: 2476 SELL ZONE: 2468 - 2471 SL: 2478 TP1: 2458 TP2: 2452 TP3: 2444 SELL ZONE: 2497 - 2500 SL: 2597 TP1: 2484 TP2: 2476 TP3: 2458
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 13/8/2024 Has the Downtrend Started? Yesterday was an unusual bullish day, although we had profit with sell orders, the price increased to the 2476 area, which gave us an extended yellow wave 5, which also means that the black wave 3 has been completed - Currently the price is in the 4th wave correction, we expect a yellow ABC correction and this is an opportunity for us to trade in the direction of wave 5. - Trading plan BUY ZONE: 2442 - 2439 SL: 2432 TP1: 2450 TP2: 2458 TP3: 2469 BUYZONE: 2435 - 2432 SL: 2425 TP1: 2440 TP2: 2450 TP3: 2458 SELL ZONE: 2470 - 2473 SL: 2480 TP1: 2458 TP2: 2450 TP3: 2442 SELL ZONE: 2492 - 2495 SL: 2502 TP1: 2476 TP2: 2469 TP3: 2458
OANDA:XAUUSDLong
by DEEKOP
XAUUSD/GOLD Weekly Sell Projection 11.08.24Gold price trades in a channel formation on a daily timeframe, which is slightly rising but broadly exhibited a sideways performance for more than three months. The 50-day Exponential Moving Average (EMA) near $2,370 continues to provide support to the Gold price bulls. The 14-day Relative Strength Index (RSI) oscillates within the 40.00-60.00 range, suggesting indecisiveness among market participants. A fresh upside would appear if the Gold price breaks above its all-time high of $2,483.75, which will send it into unchartered territory. On the downside, the upward-sloping trendline at $2,225, plotted from the October 6 low near $1,810.50, will be a major support in the longer term.
OANDA:XAUUSDShort
by kripsonfx97
1
GOLD - SYMMETRICAL TRIANGLE BREAKOUT. MORE UPSIDE AHEAD ?Symbol - XAUUSD Gold was trading inside the flat 2420 - 2370 forming a symmetrical triangle. Traders were continue to struggle for the area of 2400 & it just gave a breakout. Around 2400, There is a rather encouraging situation indicating how the bulls continue to hold the support of the global trend. The issue of aggressive easing of the US Fed policy is still relevant. Likewise, speculators are closely watching developments around Iran's attack on Israel. If it happens, it is likely to give additional impetus to the growth of gold prices. Meanwhile, Initial Jobless Claims of the US may provide short-term potential for the markets. Support level as of now: 2380 The problem with the triangle, price behavior and the current situation is that the market is neutral, as the price is in consolidation. Prerequisites for growth: - Bullish market retention on the larger timeframe - Strong reaction to the key support zone - Strong buyers have not left the market yet and continue to buy back the asset - Fundamentally, gold has strong support (hedge asset) - Strong market reaction to a false break of local support - Buyers do not let the price go below 2380 - Retests of 2400 continue - Volumes - Large pool of liquidity, interesting for MM, above 2420 - Fundamental nuances due to the Middle East P.S. : I'm holding hold position in Gold with 2380 SL.
OANDA:XAUUSDLong
by akshit_official
2
XAUUSD 6/8/2024 Is this rally over? This past week we have seen a lot of volatile news that has affected the direction of gold prices With the unstable geopolitical situation causing large fluctuations in gold prices - Looking at H1 we see a completed ABC corrective wave structure. Following an ABC corrective structure we expect a 5 wave bullish structure. Obviously not excluding the possibility of a complex correction wave then I will update if it happens - Currently we expect a bearish correction to confirm wave 1 and wave 2 completed and wave 1 and 2 confirmed when price closes above 2365.6 - This current correction we expect a yellow abc wave pattern and target at 2385 price zone or 2377anh price zone Trading plan BUY ZONE: 2385 - 2382 SL 2363 TP1: 2393 TP2: 2404 TP3: 2418 SELL ZONE: 2421 - 2424 SL: 2447 TP1: 2408 TP2: 2396 TP3: 2385
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 5/8/2024 correction is over? Looking at H1 we see the ABC correction wave structure. Looking at the ABC correction model, we see that we are likely to have an unusual correction model, when wave C does not exceed wave A. - So now we need to observe to confirm whether the correction wave has ended - The confirmation condition is that if this downtrend closes above the 2413 zone, then we have the price entering the uptrend wave and then the target price zone is the 2500 zone. Currently we have a trading plan SELL ZONE 2456 - 2459 SL 2466 TP1: 2447 TP2: 2442 TP3: 2433 BUY ZONE: 2426 - 2423 SL: 2416 TP1: 2433 TP2: 2442 TP3: 2455
OANDA:XAUUSDLong
by DEEKOP
1
XAUUSD 1/8/2024 after FOMC news? Looking at H1, we see that after this morning's FOMC news, we see that XAU has increased to the 2458 zone - As I analyzed in the previous plan, when the price breaks through the 2402 zone and then tests again and does not fall below this zone, the price will continue the 5-wave trend instead of the 3-wave ABC. - Regarding the trend, after the price follows the 5-wave model, the next wave target is the 2500 price zone as analyzed before. - Looking at the present, we see that wave 3 in the blue 5-wave structure is completing, and the price has now started blue wave 4 - Measuring the wave 4 target, we have the price zone of 2433. This will be the price zone we are waiting for as a BUY target - The target of wave 5 will be specifically determined by me after wave 4 is formed. With the current data, I am expecting wave 5 to end at the price zone of 2500 Trading plan BUYZONE: 2433 - 2430 SL: 2423 TP1: 2422 TP2: 2450 TP3: 2465 SELL ZONE: 2467 - 2470 SL: 2477 TP1: 2450 TP2: 2422 TP3: 2433
OANDA:XAUUSDLong
by DEEKOP
Will GOLD take Support & Return to Bullish Trend ?Symbol - XAUUSD Gold is entering the correction phase after a breakout failure scenario of ascending channel resistance and the previous ATH. The fundamental background is changed by Thursday's news that supported the dollar index. Overall, the structure & environment on is still bullish. If the price finds a strong support in the near future, for example 2390-2400, this area may get the status of an intermediate bottom, thus forming a new trading range. There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar (DXY), which is generally favorable for gold, which may soon return to the bullish trend phase. The price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance, make a double bottom & may test channel resistance in future.
OANDA:XAUUSDLong
by akshit_official
XAUUSD 7/30/2024 How far will the price go? After the 5-wave downtrend structure, we are witnessing an increase from 2354 to 2402 - So we will have 2 cases either the 5-wave downtrend structure has completed wave C then we have the current increase as a 5-wave structure, case 2 is the 5-wave downtrend structure above has just completed wave 1 in the 5-wave structure of wave C so the current increase is wave 2 and will have an ABC wave structure. - We will have an important price to confirm that is the price of 2402, both cases need the price to break out through 2402. After the price breaks out through 2402 and the price returns below 2402, then we will lean towards the current situation being just a correction wave 2 in the 5-wave structure of the purple wave C. If the price breaks out through 2418, we will lean towards the possibility that this is a 5-wave increase structure and the possibility that the price will break through the peak of 2433. So at the 2418 area, this is the current area containing a large amount of supply, which will be a strong resistance level for the price, so when the price touches this area, there will be a reaction, and we will choose this area as the SELL target Trading plan SELL ZONE: 2415 -2418 SL: 2425 TP1: 2402 TP2: 2390 TP3: 2374 BUY ZONE: 2357 - 2354 SL: 2347 TP1: 2365 TP2: 2374 TP3: 2382
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 7/29/2024 Is the uptrend over? Looking at H1, we can see that the corrective uptrend may have ended. - The price will continue to move in a downtrend to complete the purple wave C as shown on the chart. During the move to the target price zone of wave C, we see that at the 2374 treble line, this is the previous breakout price zone and has not been retested, so there is still a very strong demand force in this price zone. - We expect the price to bounce back to the 2374 zone, so we will place a BUY order in this zone. Trading plan BUY ZONE: 2376 - 2373 SL: 2366 TP1: 2382 TP2: 2400 TP3: 2410 SELL ZONE: 2314 - 2417 SL: 2424 TP1: 2401 TP: 2382 TP3: 2365
OANDA:XAUUSDShort
by DEEKOP
XAUUSD BUY & SELL PROJECTION 27.02.24Buy Reason The allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gold. Sell Reason The reasons why gold prices may experience a fall in value include an excess of supply relative to demand and shifts in investor sentiment. A strong dollar and rising interest rates can also hurt the price of gold, as can low inflation.
FOREXCOM:XAUUSDShort
by kripsonfx97
XAUUSD 7/26/2024 Is there a pullback? Looking at H1, we see that the price breaking the 2382.5 zone has confirmed that the price is in the purple wave C - From the peak of 2433 to the bottom of 2353, we see a small 5-wave structure has been completed and now we see that the bullish recovery wave is continuing, we expect a corrective wave - The target of the rebound wave I measured at the price zone of 2402 and the price zone of 2411 - So this increase we expect is a rebound wave before the bearish wave continues to the target zone of the purple wave C - The target of the purple wave C we measured at the zone of 2334 and the zone of 2307 Trading plan BUY ZONE: 2366 - 2363 SL: 2356 TP1: 2382 TP2: 2394 TP3: 2402 SELL ZONE: 2310 - 2312 SL: 2320 TP1: 2400 TP2: 2390 TP3: 2382
OANDA:XAUUSDLong
by DEEKOP
GOLD SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD GOLD SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction niw it trying to break the strong resistant lable B. after the break of this rectangle it will bost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capital follow risk reward and tradeing rules that will help you to to become a better trader thank you
FX:XAUUSDLong
by tradergyan01
GOLD BUYING SETUP TRADE WIH 1:10 RISK REWARD GOLD BUYING SETUP TRADE WIH 1:10 RISK REWARD A good BUYING setup detected on XAUUSD it a very good setup It's showing a BULL MOVE due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the support zone 3. VERY GOOD SETUP Just grab out will your own risk MAXIMUM 1% 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
FX:XAUUSDLong
by tradergyan01
The gold market is full of risks, investors should be careful Gold prices (XAU/USD) extended their losing streak for a third trading day, falling to nearly $2,410 during the European session on Friday. The precious metal is under profit-taking pressure after hitting a record high above $2,480 on Tuesday. The strong recovery of the USD and bond yields pulled gold prices lower. Expectations for Donald Trump to return as President of the United States have increased following his assassination. The prospect that President Joe Biden could abandon his re-election bid due to his health also boosted Trump's chances of winning. Trump, with his protectionist trade policies, has increased the attractiveness of the USD, contributing to downward pressure on gold prices. Political uncertainty and geopolitical tensions, along with demand for gold from central banks, could limit the decline in gold prices. Investors see any further price decline as a buying opportunity, based on expectations that prices will rebound once current negative factors are resolved. Price range to note: Buy zone: 2399 - 2401 Stop loss: 2395 Take profit 1: 2410 Take profit 2: 2420 Buy zone: 2391 - 2389 Stop loss: 2385 Take profit 1: 2390 Take profit 2: 2400
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