GOLD SETUP TRADE WIH 1:8 RISK REWARDGOLD SETUP TRADE WIH 1:8 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 1H 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 1:8 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
Xauusdshort
XAUUSD - Positional Short SetupCMP - 2326.41 on 30.06.24
The price movement in recent sessions is analyzed on the chart. If it does not cross and sustain above the 2340-50 levels, this setup remains valid with a short view.
Possible targets may be 2280/2200.
The setup becomes invalid if the price sustains above 2350 for a couple of days.
One has to choose the position size following risk management. Always think about the exit/stop loss while entering into a trade.
This illustration is only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
GOLD SETUP TRADE WIH 1:11 RISK REWARDGOLD SETUP TRADE WIH 1:11 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
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
GOLD SETUP TRADE WIH 1:10 RISK REWARDOLD SETUP TRADE WIH 1:3 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
GOLD SETUP TRADE WIH 1:3 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
19th JUNE GOLD PREDICTIONGiven the current market context where gold prices are influenced by China's buying patterns, and a forecasted decline in gold prices, the strategy will remain focused on selling within the specified zones. We will incorporate two sell zones with a unified stop loss point above both zones.
Sell Zone 1
Entry Point: 2336 - 2341
Sell Zone 2
Entry Point: 2348 - 2354
Risk Management
Calculate position size based on your risk tolerance and account size.
Use a maximum of 1-2% of your trading capital for each trade.
Monitor market conditions closely and adjust the strategy as needed.
Gold bearish below 2315 and bullish above 2315 mostly consolidatGood Morning Traders,
Till the time gold is moving below 2315
we can see more low levels 2295 2285 and 2280.
If Gold will break 2315 and sustain above then only
we can see 2324 2330 and 2338
Our preference is buy from Dip and
sell from top
Plan accordingly, Happy Trading😉
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.
10th JUNE GOLD PREDICTIONTo create a more refined predictive analysis for gold prices, incorporating a specific target price (TP) of $2288 and a risk-to-reward ratio (R
) of 1:3, we'll follow these steps:
Model Refinement: Adjust the model or its predictions to better align with financial strategy goals, specifically targeting the $2288 price level.
Risk-Reward Analysis: Set up a trading strategy that maintains a 1:3 risk-to-reward ratio. This implies for every dollar risked, three dollars are expected as a reward. This will help in setting appropriate stop-loss and take-profit levels.
Sell Zone Entry: Incorporate the provided sell zone of $2308 to $2315 to evaluate when might be an optimal time to sell based on the predicted market movement.
Stop-Loss Calculation: Using the risk-reward ratio, calculate the stop-loss position. If the target price (TP) is $2288, a 1:3 ratio means that the stop-loss should be set at a price that is one third the distance to the TP below the entry point.
5th JUNE GOLD ANALYSISFor a refined analysis of gold trading, considering the given sell zones, we can focus on two specific strategies that traders can deploy: a reactive approach where traders wait for the zones to activate before selling, and a proactive approach where traders set limit orders in advance. Here’s how each can be implemented effectively:
Strategy 1: Reactive Selling Strategy
Sell Zone 1: 2347-2354
Sell Zone 2: 2358-2364
Overview :
This strategy involves waiting for the price of gold to enter the specified sell zones before executing a sell order. Traders monitor the market actively and react once the conditions align.
Execution :
Monitoring: Traders need to keep a close eye on gold prices as they approach the sell zones. This can be facilitated through real-time price alerts.
Confirmation : Once the price enters a sell zone, look for technical confirmation of a price reversal, such as bearish candlestick patterns (e.g., bearish engulfing, hanging man) or technical indicators like the RSI turning downwards from overbought conditions.
Sell Execution: Execute the sell order only after confirming that the price is likely to decline, ensuring it's not merely touching the zone before a further upward movement.
Stop-Loss: Set a stop-loss just above the highest point of the sell zone to minimize losses if the price unexpectedly rises.
Profit Targets: Determine exit points either at a fixed profit target or at the next significant support level lower than the sell zones.
Strategy 2: Proactive Limit Order Strategy
Sell Zone 1: 2347-2354
Sell Zone 2: 2358-2364
Overview:
This strategy uses limit orders set at predefined prices within the sell zones, allowing traders to automatically enter trades without needing to monitor prices continuously.
Execution :
Setting Limit Orders: Place sell limit orders at the higher end of each sell zone (e.g., 2354 and 2364) to capture the initial reversal momentum.
Volume and Momentum Analysis: Before setting the orders, analyze historical volume and momentum data to ensure these points have previously acted as strong resistance levels.
Stop-Loss: Place stop-loss orders just above the sell zones to protect against breakout risks.
Automatic Execution: Since this strategy doesn't require continuous monitoring, it is suitable for traders who cannot watch the markets at all times. However, periodic checks are recommended to adjust the orders based on recent market behavior.
Profit Targets: Set automatic take-profit levels based on historical support levels or predetermined profit goals.
Risk Management
Both strategies require careful risk management. It's vital to:
Determine the size of the trade based on a percentage of the total trading capital to avoid significant impacts from a single trade.
Use a risk-reward ratio that justifies the potential risk, typically no less than 1:2.
Be aware of market news and economic events that could influence gold prices drastically, adjusting strategies as needed.
Conclusion
By using these strategies, traders can optimize their trading approach based on their ability to monitor the markets and their risk tolerance. The reactive strategy is ideal for those who can actively manage their trades, while the proactive strategy suits those needing a more set-and-forget approach. Both strategies leverage the defined sell zones to maximize potential returns while minimizing risks, accommodating different trading styles and schedules.
XAUUSD 1H BUY PROJECTION 28.05.24KEY POINTS:
U.S. PCE data due on Friday
Traders price in about 62% chance of rate-cut by November Vietnam's central bank to stop domestic gold auctions
Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates.
Spot gold
GOLD
was flat at $2,350.85 per ounce, as of 0350 GMT, after rising about 1% in the previous session.
U.S. gold futures
GOLD
rose 0.8% to $2,352.00.
Update Gold Analysis 23rd May Overview
During the Tokyo trading session, gold experienced a dramatic fall, dropping from $2375 to $2355. This sharp decline suggests significant selling pressure and potential shifts in market sentiment. In response to this movement, traders should look for opportunities to enter the market at strategic sell zones, with each trade targeting 50 pips away to manage risk effectively.
Technical Analysis
Sharp Decline in Tokyo Session:
Support and Resistance Levels: The decline from $2375 to $2355 indicates a strong resistance level at $2375 and a new support level at $2355. This movement sets the stage for identifying potential sell zones.
Market Sentiment: Such a sharp drop often reflects a shift in market sentiment, possibly due to macroeconomic news, geopolitical developments, or changes in investor risk appetite.
Identifying Sell Zones:
Sell Zone Definition: In this context, a sell zone is an area on the chart where the price is likely to encounter resistance and reverse direction. Given the recent decline, potential sell zones can be identified near previous support levels that may now act as resistance.
Strategic Entry Points: Based on the current price action, look for sell opportunities around $2365 to $2370, close to the previous support level at $2375. If the price retraces to these levels, it could provide an optimal entry point for short positions.
May 24th GOLD ANALYSISOn May 24th, the price of gold continues to show a downward trend. This analysis focuses on the one-hour timeframe, utilizing the 200 EMA (Exponential Moving Average) to guide our trading strategy.
Technical Analysis
Trend Analysis:
Overall Trend: The price of gold is in a bearish trend, continuing to decline over recent sessions.
200 EMA as Resistance: The 200 EMA on the one-hour chart is acting as a resistance level. This indicates that any upward movements are likely to face selling pressure around this average.
Entry Strategy:
Sell Zone: We have identified the sell zone between 2347 and 2350. This range is chosen because it aligns with the 200 EMA resistance level on the one-hour chart.
Entry Point: Plan to initiate sell orders when the price enters this zone. This ensures that we are selling at a potential peak before the price resumes its downward trend.
Risk Management:
Stop Loss: A stop loss of 50 pips is set to manage risk. This means that if the price moves against us by 50 pips, the trade will be automatically closed to prevent further losses.
Stop Loss Placement: Place the stop loss 50 pips above the entry point, ensuring that it is outside the typical noise level and minor fluctuations of the market.
Market Conditions and Factors
Economic Indicators: Keep an eye on economic indicators and news that might impact gold prices. For instance, reports on inflation, interest rates, and geopolitical events can cause significant price movements.
Market Sentiment: Sentiment analysis through news and financial reports can give additional context on whether the bearish trend might continue or reverse.
Conclusion
The plan to sell gold at the EMA 200 on the one-hour timeframe within the sell zone of 2347 - 2350, with a stop loss of 50 pips, is a strategic approach given the current downward trend. This method aims to capitalize on the resistance provided by the EMA 200 while managing risk effectively through a tight stop loss.
By adhering to this plan, we aim to profit from the continuation of the bearish trend while safeguarding against unexpected market reversals. As always, it's crucial to monitor market conditions continuously and adjust strategies as necessary.
XAUUSD on May 23 2024 fluctuated strongly after the Fed meeting?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
Yesterday the Fed meeting with its published content showed
- The data shows that commodity prices have increased significantly recently, which indicates that inflation is increasing.
- Fed says inflation may take longer to fall
- The current federal funds rate is enough to slow US economic activity and reduce inflation
With such announcements, it appears that the prospect of interest rate cuts expected by the Fed this year may be changed.
When this information was announced yesterday, it immediately pushed gold prices down sharply yesterday session to 2370.
Look at H1
- Wave c is the last corrective wave of the abc corrective wave, the structure of wave c includes 5 small waves
- The strong and sharp price decrease last night can be said to be wave 3 in wave c being formed.
- We expect that the expected target of wave 3 is level 2365 and level 2345
- Then there could be a small correction to complete wave 4 before continuing to complete wave 5 as well as wave c of the correction.
- We observe the formation of wave 4 ending to determine the target of wave 5 as well as wave c of the correction
Trading plan
We continue to observe the completion of wave 3 and wait for the end of wave 4 to determine the target of wave 5 to buy.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
XAUUSD May 20, 2024 What is the target of this price increase?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
Last week, the Russian president's visit to China will have two purposes: first, Russia and China create cooperation, which will make Russia's war in Ukraine continue to take place according to Russia's plan after the With China's support, the war in the Middle East and the factions supported by these two countries will gain more momentum. Second, these two countries are key members of the BRICS bloc. This visit will create momentum for the bloc to continue buying Gold to strengthen the bloc's common currency that is about to be released.
In addition, with last week's announcement of US economic indicators, we see a decrease in the number of applications for unemployment benefits in the context of a continuous decline in the labor market, and at the same time the CPI index is at a high level. This shows that the American people are gradually adapting to the current economic situation, which will create confidence for the Fed to at least keep interest rates high to restrain inflation.
So we see that the current volatile world situation is having a stronger impact on gold prices than the US economic index.
Looking at the H1 graph based on the Elliot wave principle, we see
- The price is at the end of wave 5. After measuring the target forecast for the end of wave 5, we have potential target areas that are 2444 and 2460.
- After wave 5 ends, we expect an ABC correction before continuing the uptrend
- The corrective wave target is expected to launch from the peaks of wave 5. We have 2 expected targets: area 2400 and area 2380. But according to the Elliot wave principle, corrective waves are often very complicated and take a long time.
Trading plan
In the Sell plan, we align the important price zones at 2444 and 2460
In our Buy plan, we watch the important price zones at 2400 and 2380
Scalping strategies are applied when the upper resistance - support area provides an entry signal.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
#XAUUSD Has Already Acquuired Big Liquidity For NFP Data As expected, the market movers executed a well-coordinated setup to clear out sellers who had entered short positions below 2300. This move triggered stop losses for sellers. Subsequently, after reaching 2320, many buyers entered the market anticipating a further rise towards 2350. However, the market makers took advantage of this, triggering stop losses for both buyers and sellers, thus achieving the necessary liquidity for a significant movement ahead of tomorrow's NFP.
I anticipate that during the NFP release, we may witness a move towards 2200-2180 if we observe another H4 closing below 2290.
Once We Get H1/H4 Closing Below 2295 We Can Sell Till 2286-2280 with Sl around 2305 .If H4 Closes Below 2290 Than It Will Confirm Our Bearish Trend And We Can Expect 2260-2200.
BREAKOUT OCCURRED ITS A SURESHOOT SELLING TRADE ITS A SURESHOOT
IRS MY PERSONAL STRATEGY
The gold showing a good falling
Having a good potential
There is nothing to doubt
It have a great surety of FALL
Due to these reason
1.It have clear-cut neckline without any confusing chat
2. It have clear entry and Tp point
3. Sellers seems heavy due to volume
its a good one
Gold weekly outlook Imp area are 2132 to 2324 if break more fallGood Morning Traders,
Gold weekly outlook Imp area are 2132 to 2324 if break more fall
Gold is consolidating in 2350 to 2325 area and
around 100 EMA. IF we see gold is also in falling wedge.
If gold will break 2324 area and sustain we can see deep
correction till 2300 2290 and 2285 and 2275.
If gold sustain above 2350 2354 we can see more
up levels till 2360 2365 and 2370 2375.
Our recommendation is selling from every high.
Geo political can change the game,
else we can see bearishness in gold
Even we have Fed Rates event this week
so check all the things before trading,
Plan accordingly, Happy Trading
DOUBLE TOP VISIBLE IN XAUUSD - SHORT OPPORTUNITY IN GOLD ?Symbol - XAUUSD
Gold has given a huge up move in recent months after breaking out of 2070 - 2080 zone.
Gold went till 2430 on 12 April and witnessed sharp selling immediately from that level. After consolidating, It tested 2420 level today again and exhibited sharp selling from that level for the second time.
XAUUSD CMP - 2392
I'm planning to short it between 2392 - 2410 with SL above 2427.
Gold is following a support trendline. I will add more position on breaking this trendline.
Targets will be 2358 - 2338 - 2300 - 2260
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!