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Xauusdplan

XAU/USD – Tug of War Before CPI: Sideway or Breakout? 1. MARKET CONTEXT The US government reopens after a 40-day shutdown (a historic record). Investors are on the sidelines observing ahead of tomorrow's CPI announcement → the market is likely to sideway awaiting news. 2. TECHNICAL ANALYSIS (H1–M30) Main fluctuation range: 4097–4148 Break 4097 → adjust deeply to 407x – 403x Break 4148 → trigger short-term increase, target 418x – 4205 Decision zone: 4097 & 4148 3. TRADING PLAN 🎯 Main strategy: Trade within the range (Sideway) → “Buy low – Sell high” according to support/resistance zones RR ratio: 1:1 – 1:2 | SL: 10 points | TP: 10–20 points BUY zone: 4097–4100 (strong support) → TP 4110–4120 Buy scalp: 4120–4124 → TP 4140–4145 Buy swing: 407x / 403x (if there is a candle reaction) SELL zone: 4145–4147 → TP 4125–4100 If break 415x & retest, switch to Buy breakout → Entry 4140–4145 | TP 416x–418x–4205 4. SUMMARY Main trend: Sideway awaiting CPI news Strategy: “Break whichever range, trade that range” Focus zones: Upper range: 414x (Sell) Lower range: 4095–4100 (Buy)
OANDA:XAUUSD
by Chum_trades
Elliott Wave Analysis – XAUUSD Trading Plan for 26th May 2025 📊 Elliott Wave Outlook – XAUUSD – H1 Chart On the H1 timeframe, after drawing the Elliott Wave channel, we can see that price is currently in wave iii (orange). Within this wave, wave 5 (green) is in progress. Once wave 5 (green) completes, we anticipate a downward correction in the form of wave iv (orange), before price resumes the overall uptrend to complete wave v (orange). 🔍 Breakdown of Wave 5 (Green): Two Possible Scenarios Scenario 1 – Wave 5 (Green) is NOT yet complete Currently, price seems to be forming a minor wave 4 within wave 5 in a Flat structure. If this plays out, wave 5 could extend to one of the following target zones: 🎯 Target 1: 3373 🎯 Target 2: 3397 Scenario 2 – Wave 5 (Green) is ALREADY complete This implies wave iii (orange) has ended, and the market is now entering wave iv (orange). This correction could unfold as a zigzag, flat, or triangle pattern, with the following potential retracement zones: 🎯 Target 1: 3317 🎯 Target 2: 3290 📉 Momentum Analysis D1 timeframe: Momentum is showing signs of bearish reversal. Wait for today’s daily candle close to confirm the dominant downtrend for the week. H4 timeframe: Momentum has already turned bearish ⇒ favor short setups or range-bound conditions during the day. H1 timeframe: Momentum is currently rising ⇒ expect a short-term bounce before a potential drop. Watch for signs of bearish reversal on H1 before entering SELLs. 📌 Trading Plan Potential SELL Zone ✅ Entry: 3373 – 3376 ❌ Stop Loss: 3383 🎯 Take Profit 1: 3343 🎯 Take Profit 2: 3317 Note: Only SELL if H1 momentum flips bearish. If price breaks above 3376, look to SELL at 3397. Potential BUY Zone ✅ Entry: 3316 – 3313 ❌ Stop Loss: 3306 🎯 Take Profit 1: 3343 🎯 Take Profit 2: 3373 Note: Only BUY if H1 momentum turns bullish. If this zone fails, consider buying at 3290.
OANDA:XAUUSDLong
by WavePoint_FX
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