GOLD SETUP TRADE WIH 1:6 RISK REWARDGOLD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on XAUUSD
It's showing a BULL MOVE 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
GOLD SETUP TRADE WIH 1:6 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE 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
Xauusdupdates
XAUUSD July 5, 2024 waiting for a reasonable buy pointYesterday was Bank Holiday, so low market liquidity led to gold prices sideways in a narrow fluctuation range.
The price targets have not changed from the previous plan, the only difference is that the price has touched the demand zone that we have identified and turned up. This suggests that wave 4 may have completed and The price will continue to increase, completing wave 5
- Today there is news about Nonfarm, if the price continues to compress within this narrow range, then after the news it is possible that the price will complete the wave 5 target and then enter a correction. If the price reaches the target of wave 5 before the news is released, then after the news is released, the price will have a downward correction.
- The target price range that I want to buy is the price range 2339 to 2342. This is the expected price adjustment range after wave 5 completes.
GOLD SETUP TRADE WIH 1:6 RISK REWARDGOLD SETUP TRADE WIH 1:6 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 15M 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 1:6 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
XAUUSD July 4, 2024 will the price still decrease?
We expected a shakeout to enter the line but the price did not create this spring and completed the Flat correction pattern with wave c equal to wave a. Then the price increased sharply to the 2365 area
- The completion of wave c means that wave 2 has also completed. Now the price enters wave 3
- The target of wave 3 is at least fibo 1.618% of purple wave 1, so we have the minimum expectation at the price range of 2395
- Looking at the smaller black trend, the price has gone through 4 waves 1234 and we wait for wave 5 to complete and then the price will have a correction before continuing to increase.
- My suggested buying zone is the price range 2342 - 2340, which is the expected target of the completed major correction.
3th JULY GOLD PREDICTIONTrading Strategy for Gold
Sell Entry Point:
Entry Range: 2336 - 2340
Stop Loss (SL):
Above: 2340 (suggested precise level: 2342 to give some buffer for volatility)
Take Profit (TP) Targets:
TP1: 2330
TP2: 2325
TP3: 2320
Execution Plan
Market Analysis:
Trend: Sideways movement between 2320 - 2340.
Catalyst: Awaiting nonfarm payroll news this week.
Entry Strategy:
Sell Orders: Place sell orders within the 2336 - 2340 range.
Volume Allocation: Consider splitting your position into smaller orders to average into the range.
Stop Loss Management:
SL Placement: Set your stop loss above the 2340 level. A precise level like 2342 ensures some buffer against minor price fluctuations.
Take Profit Strategy:
TP1: Set for 2330 to secure partial profit.
TP2: Set for 2325 for further profit taking if the price continues to move down.
TP3: Final TP at 2320 to maximize profit if the price reaches the lower end of the range.
Risk Management:
Ensure your position size respects your risk management rules.
Avoid over-leveraging to manage potential volatility around the nonfarm payroll announcement.
Monitoring:
Stay updated with news and market sentiment leading up to the nonfarm payroll release.
Be prepared to adjust your strategy if there are significant market movements or news developments.
Summary
Sell at 2336-2340
Stop Loss: 2342
Take Profits: 2330 (TP1), 2325 (TP2), 2320 (TP3)
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
XAUUSD July 2, 2024 will the price continue to increase?Looking at H1, we see that the price is having a recovery to the 2334 area. Looking at the recovery candles, we see that these are short-bodied candles, which proves that the price momentum is weak and will not make the price go far. Okay
- Looking at the overall price correction, the price is in a Flat correction model. With this model, we continue to expect the price to complete wave C before continuing.
We continue to wait for the price to touch the target of wave C at the price range 2311 to 2304 to enter a Buy order.
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
GOLD SETUP TRADE WIH 1:15 RISK REWARDGOLD SETUP TRADE WIH 1:15 RISK REWARD
A good Buying detected on GOLD
It's showing a fall due to these reason
1. It's following THE 15 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 15 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
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
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.
28TH JUNE GOLD PREDICTIONAs of June 28, 2024, the spot price of gold is approximately $2,324.10 per ounce. This reflects a small decrease of 0.18% from the previous day
The gold market has been experiencing some fluctuations, but it remains above the $2,300 mark. Analysts suggest that while the market seems somewhat directionless at the moment, it is well-valued with limited downside.
HERE IS THE STRATEGY TODAY:
SELL XAUUSD 2330 - 2335
STOP LOSS 2338
TP 2317
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.
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 SETUP TRADE WIH 1:5 RISK REWARDGOLD SETUP TRADE WIH 1:5 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
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
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
XAUUSD June 25, 2024 Is the rally over?Yesterday the price touched the wave 4 target zone that we predict is the 2329 zone.
- Currently, the price is reacting at the 2334 area. Looking at the current H1 candlestick model, we see withdrawal candles appearing in this area, proving that there is very strong selling force blocking the price increase in this area.
- The ending target of this correction is around the 2334 zone. It is important that we wait for a reversal confirmation signal in this zone to be able to set up a Sell trade.
- Note that currently on the H1 frame, I am seeing a momentum signal entering the oversold area. This indicates a high possibility that a small price increase will occur. This is a very good opportunity to confirm a reversal. We need to pay attention. close
+ If this increase does not break through 2334.2, then we will have a reversal signal at the 2334.2 price range. So the entry point is when the price breaks to the previous bottom.
+ If the price breaks through 2334.2, then we will continue to observe that the price may approach the 2340 to 2342 range. Then we wait for a reversal confirmation to find a point to enter a sell order.
The market is always fluctuating and nothing is certain, so Deekop wants his analysis to help you strengthen your trading strategy. I will update more when there are fluctuations in the market. Thank you everyone for following
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
XAUUSD June 24, 2024 Will the downward wave continue?
Prices are recovering after a sharp drop on Friday.
- According to the Elliot wave principle, a sharp wave moving quickly is wave 3 in a series of 5 waves.
- So it is possible that the current increase is a correction in wave 4, so we will continue to have wave 5 continuing to decrease after wave 4 correction is completed.
- The nearest resistance zone is the 2330 zone. We will monitor this zone and it may be the target of wave 4.
- The target zone for wave 5 from the current forecasts is estimated at 2309. After reaching this zone, we will have the completion of the orange wave 1 in the larger wave.
- Then the price recovered to complete the 2 orange correction wave. We predict wave 2 target at 2343.59
Trading plan
- The main trend is downtrend, so for long-term transactions we prioritize sell orders. The best price zone to enter an order is the price zone that completes the orange wave 2, which is the 2343.59 zone. When the price reaches this zone, look for a confirmation reversal signal to enter the order.
- With SCalping trades, we wait for the price to react at the support and resistance zones to enter orders. Note that Scalping trading is a short wave trade, so the TP is usually from 30 pips to 100 pips, so you should focus on managing the trade. Translation to limit risks