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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
FOREXCOM:XAUUSDLong
by tradergyan01
24th June GOLD PREDICTIONGold has always been a valuable asset, serving as a safe haven in times of economic uncertainty. Investing in gold requires a strategic approach, especially in a market characterized by volatility. Here, we outline a detailed investment plan focusing on two distinct buy zones, each with its own parameters for entry and risk management. Buy Zone 1: $2312 - $2307 Entry Point The first buy zone is identified between $2312 and $2307. This range represents an attractive entry point based on current market analysis and historical support levels. Stop Loss To manage risk effectively, a stop loss should be placed just below the lower boundary of this zone, specifically below $2307. This precaution helps limit potential losses if the market moves unfavorably. Buy Zone 2: $2305 - $2297 Entry Point The second buy zone lies between $2305 and $2297. This zone is slightly lower than the first, providing another opportunity to invest if prices dip further. Stop Loss A stop loss for this zone should be placed just below $2297. This ensures that investments are protected in case the price continues to drop beyond this support level.
OANDA:XAUUSDLong
by TradingGuruTop
XAUUSD trading plan for the week of June 4, 2024 So after Friday's sharp drop, we had a profit of 500 pips. This decrease also confirmed the completion of orange wave C in the ABC correction. After the ABC correction is completed, we bet that the previous downtrend wave will continue. - With Friday's decline, we see that the momentum has entered the oversold zone, showing that sellers are showing signs of exhaustion. So in the immediate future there will need to be a short-term correction for sellers to regain their strength. - We measure that this decrease is likely to end at 2 price zones: 2309 or 2395. - With the assumption that the price range ends at 2309, we measure the target of this temporary upward adjustment ending at 2340. - Then the price continues to decrease to complete the big wave 5 at the target price areas that we measured before, which are 2256 and 2210. - When does our wave counting process fail? That's when this rally price broke through the 2374 area, then confirmed that we have to do the wave count again, then I will update later if it happens. - On the H4 chart, I have drawn important resistance and support zones, which we can rely on to plan Scalping when the price approaches these zones. - I will update specific price developments every day.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD June 21, 2024 Is the rising wave over?Our wave C target has been achieved, looking at the price we see - Yesterday after the news of unemployment benefits was announced, the price increased sharply to our target area of ​​2364 and is currently correcting. So the price increased sharply and quickly, which is the characteristic of wave 3, then the price decreased and adjusted until now, so it is likely that the price is in wave 4. - So we may have wave 5 to end this wave C and from current price data we can measure the target area for this wave C from 2364 to 2374. We will consider the price range from 2364 to 2374, this is a very good price range to sell down. After the price reaches the target of wave C as above, if the price breaks the 2387.5 zone, then our trading plan must change. In case the price drops, we have the goal of completing the big wave 5 as shown on the chart at area 2256 and area 2210.
OANDA:XAUUSDShort
by DEEKOP
21TH JUNE GOLD PREDICTIONHere are some factors that might explain the sharp rise in gold prices on June 20, 2024: US Federal Reserve Decision: The Federal Reserve announced that it would pause interest rate hikes for the foreseeable future, citing concerns over economic growth and inflation stability. This decision led to a drop in bond yields and a weaker US dollar. Inflation Concerns: The latest CPI report showed inflation rising faster than expected, increasing demand for gold as an inflation hedge. Geopolitical Tensions: Rising tensions between the US and China over trade policies created uncertainty in the markets, prompting a flight to safe-haven assets. Stock Market Decline: The US stock market experienced a significant drop due to disappointing earnings reports from major companies, driving investors towards gold. ETF Inflows: There was a notable increase in inflows into gold ETFs, reflecting heightened investor interest in gold. Today we have strategy based on technical analysis Sell zone: 2362- 2365 Stop Loss: above the zone R:R = 1:3 Buy zone: 2330 - 2337 Stop Loss: Below the zone R:R = 1:3
OANDA:XAUUSD
by TradingGuruTop
1
XAUUSD 21 juin 2024 La vague montante est-elle terminée ?Notre objectif de vague C a été atteint, au vu du prix que nous observons - Hier, après l'annonce de la nouvelle des allocations de chômage, le prix a fortement augmenté jusqu'à notre zone cible de 2364 et est actuellement en train de se corriger. Le prix a donc augmenté fortement et rapidement, ce qui est la caractéristique de la vague 3, puis le prix a diminué et s'est ajusté jusqu'à présent, il est donc probable que le prix soit dans la vague 4. - Nous pourrions donc avoir la vague 5 pour mettre fin à cette vague C et à partir des données de prix actuelles, nous pouvons mesurer la zone cible de cette vague C de 2364 à 2374. Nous considérerons la fourchette de prix de 2364 à 2374, c'est une très bonne fourchette de prix à vendre. Une fois que le prix a atteint l'objectif de la vague C comme ci-dessus, si le prix franchit la zone 2387,5, alors notre plan de trading doit changer. En cas de baisse des prix, nous avons pour objectif de compléter la grande vague 5 comme indiqué sur le graphique dans les zones 2256 et 2210.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD on June 20, 2024 after bank holiday Today will be announced the number of applications for unemployment benefits. This index will tell us how the current economic situation is affected by the Fed's policy on interest rates. If these indexes decrease, it will tell us that the Fed's recent policies have not had a large impact on the economic situation, which will create conditions for the Fed to maintain its hawkish policy and then the USD will increase. and XAU will decrease If this policy increases compared to the previous period, this signals that the Fed's policies are negatively impacting the economy, affecting all classes of people, creating pressure for the Fed to relax interest rates in the future. in the near future and this will cause the USD to decrease and XAU to increase. Price broke out of the triangle wedge this morning with a strong candle. So we are leaning towards the ABC correction model - So the price target of wave C as last time we measured at 2 price zones 2350 and 2365 price zone. - After the price reaches this target, the price will continue to trend down to complete the large wave C in the D1 time frame. - Our current trading plan is to wait until the wave C target at 2350 or 2364 to find a selling point or we can go to smaller time frames for scalping trading.
OANDA:XAUUSDShort
by DEEKOP
GOLD SETUP TRADE WIH 1:6 RISK REWARDGOLD SETUP TRADE WIH 1:6 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
FOREXCOM:XAUUSDLong
by tradergyan01
XAUUSD Trading strategy for complex corrections Look at H1 - We see that currently the price is tending to form a triangle correction pattern. - As I said before, the price is currently in a complicated adjustment process, we can only wait for the model to complete to determine the next trend. - And I am also predicting an ABC correction model with the target wave C on the chart with 2 price ranges 2350 and 2365. However, currently we see that the price is in a position where it can form a triangle correction model and ABC correction pattern may continue. So at the present time we wait at the price of 2341.8 to confirm any model. - If the price breaks 2341.8, the targets of wave C continue to be completed. Then we wait for the target levels of wave C, i.e. area 2350 or area 2365, to sell down. - If the price cannot break the 2341.8 area, the price may form a triangle correction pattern abcde. Then we wait for the price to break the lower boundary of the triangle pattern to sell to the target area of ​​wave 5. In general, in a complex adjustment process, it is not feasible to conduct many transactions in this area, so we should patiently wait for the target areas. In this process we will prioritize Scalping
OANDA:XAUUSDShort
by DEEKOP
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.
OANDA:XAUUSDShort
by TradingGuruTop
1
XAUUSD June 18, 2024 a potential sharp declineGold prices are recovering after last week's sell-off as the US economy forced the Fed to adopt a more dovish stance. Weak manufacturer inflation data and a rise in initial jobless claims supported lower interest rates. Additionally, escalating geopolitical tensions, such as increased attacks by Hezbollah on Israel and more Russian warships in the Caribbean, have contributed to this rebound. Looking at the adjustment process from June 8 to the present time, we can see that this is a complicated adjustment process. - Trading in a complex correction is not recommended. We watch for this adjustment process to complete - During this process we can scalp in short price ranges in smaller frames. - When the price reaches the expected targets, we will consider placing an order. Looking at H1, we see that the wave C correction process is still continuing. We observe the price reaching the target price zones 2350 and 2356. - The price will confirm the target areas of wave C when it breaks out of the 2341.8 area, then we focus on observing the chart to find a Sell order. - In case the price breaks out of the 2296 price range, it is likely that the adjustment process has been completed and if the price also breaks out of the 2287 area, then the target price area for wave 5 is 2256 and 2210 will be the areas we focus on. closely to find Buy orders.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD After a week of volatile news from the Fed Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively reducing inflation, specifically consumer price CPI and production costs, while also reflecting the negative economic impact of the policy. this book. This requires that the Fed may begin to loosen monetary policy in the near future Look at D1 - We see that the correction has completed wave B and is continuing wave C of wave 4. - We can measure the target of wave C at 2 price zones 2256 and 2210 price zones. - We have a price zone confirming the final wave 4 which is the 2150 price zone. If the price breaks through this zone, our ABC wave counting process is no longer correct, then we have to re-plan a new plan based on new data. Look at H1 - The price has broken out through the 2323 zone and is testing this zone again. Looking at the reversing momentum in the oversold area, it is likely that the price has successfully tested and continues to rise to the target areas of wave C above. - Yesterday we measured the target wave C which is 2 areas 2354 and 2360 - The target area of ​​wave C is a very good area for us to look for Sell down orders - Combined with chart D1, we will have the price range where this decrease will end at 2256 or 2210. - We also have a zone that denies this wave counting process when the price surpasses the 2388 zone, then the price has entered an uptrend and we are forced to change our trading strategy at that time (I will update later if that happens).
OANDA:XAUUSDShort
by DEEKOP
2
17th JUNE GOLD PREDICTIONIntroduction: This analysis focuses on a sell trade for gold, targeting the sell zone between 2336 and 2341. Our objective is to establish a trading plan with a risk-reward ratio of 1:1.5, ensuring disciplined and strategic trading decisions. Traders can enter a sell position anywhere within this zone. Trade Setup: We have identified a sell zone between 2336 and 2341. Traders are advised to enter a sell position at any point within this range, providing flexibility and allowing for market dynamics. Sell Zone: 2336-2341 Risk Management: Effective risk management is crucial for any successful trade. In this setup, we place our stop loss slightly above the upper limit of the sell zone to protect against adverse price movements. By setting the stop loss at 2343, we limit our risk regardless of the entry point within the zone.
OANDA:XAUUSDShort
by TradingGuruTop
Xauusd after a series of important news from the Fed Yesterday's news announced to us First, the ppi decrease combined with the unemployment benefits application index increased. Combined with a decrease in CPI, this is beneficial for Gold to increase because the economic situation seems to be weakening, putting pressure on the Fed to reduce interest rates. However, Nonfarm data, specifically the employment index, has increased sharply in the recent period, which is the motivation for the Fed to keep the current interest rate at 5.9%. This is the reason why PPI news, although beneficial for Gold, cannot last long. Look at H1 - We are having the idea of ​​an abc correction model. In which we expect wave c to complete - In front of us we have 2 important price zones: 2307 and 2287, these are 2 price zones that help us determine the direction of the price. - If the price breaks out at 2307, this is a necessary condition for the orange wave c to complete. Then we have 2 target price zones of wave c: 2350.4 and 2364.6. These are 2 areas where we can look for Sell orders - If the price breaks out below 2287, this is a necessary condition for the price to fall to the target zone of wave 5, which is 2264. This is the area where we look for a Buy order.
OANDA:XAUUSDLong
by DEEKOP
XAUUSD June 13, 2024 After news of CPI and Fed interest ratesYesterday we had the Fed's announcement about the CPI index, we saw that this index was 0.3 to 0.4 lower than the previous period. This is the result when the Fed implemented tightening monetary policy in the past. After that, the FOMC meeting announced that interest rates would continue to remain at 5.5%. - This made gold yesterday, after the announcement of CPI increased to 2340, then the news that interest rates remained high at 5.5% continued to push gold prices down. Look at the H1 chart - Yesterday's pullback to the 2340 price range reached the 50% Fibo level, which is a level that has surpassed the usual 38% level of wave 4. This suggests to us a more complex wave model - For now, at this position, we observe the price zones to confirm the formation model, which are the price zone 2307 and the price zone 2287. - If the price holds above the 2307 area, then we will have wave 5 formed at the 2287 area, meaning wave C during the ABC correction looks like D1 has completed. Then we have wave C higher than bottom B. Looking at D1, we see that a new complex correction model can form (I will update later). - If the price breaks through the 2287 area, we have wave 5 targets as on the chart we mentioned before.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD June 12, 2024 everyone waiting for the CPI roundLast week we had strong market fluctuations - Looking from the US economic perspective, we see that with the economic indicators announced last week, we see a number of important issues. - ISM PMI index, which is an index measuring the development of the industry, is lower than 50 standard units of this index, signaling that the industry is slowing down. - The unemployment rate and the number of applications for unemployment benefits increased, showing that the economic situation is slowing down With bad economic signals, the main reason is due to high interest rates, which reduces the cash flow in the US economy, causing a lack of capital for economic development. However, on Friday when the Nonfarm index was released, we saw a sharp increase in the job change rate, which could be the medicine to help the Fed maintain high interest rates for a while longer. Curbing inflation to 2% will come at the cost of economic stagnation, so today's CPI will help us have a clearer view of the decision to cut interest rates in the near future. . From an analytical perspective according to Elliot - After forming the abc wave structure (black), the price does not decrease according to the previous trend but forms a structure running in a triangle wedge. This brings us to a complex adjustment model abcde - Looking at the complex correction model, it is difficult to specifically identify each wave. We can only recognize when the model is complete - This pattern is confirmed when the price breaks out of the lower boundary of the triangle. We will wait for this Breakout to enter a sell order. - In case the price breaks out to the upper edge, this correction model is no longer correct when measuring, we must confirm the price model at that time. After wave 4 completes, the price continues to follow the previous downtrend to complete wave 5 - We have wave 5 targets at 2 price zones 2264 and 2229. - We can find buy points in these areas. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
OANDA:XAUUSDShort
by DEEKOP
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.
OANDA:XAUUSDShort
by TradingGuruTop
XAUUSD June 11, 2024 waiting for an opportunity to buy up?This week we have important news: CPI news. Last week's Nofarm newsletter provided indicators that allow the Fed to continue maintaining monetary policy as rising employment data gives the Fed confidence that people can still withstand tightening monetary policy. But with other recent data, the US economy is clearly being adversely affected by the Fed's monetary policy. On Wednesday, CPI news will be released and will clearly show us the Fed's trend in the near future. When the forecasted indicators are very positive for the Fed's work to control inflation. If the news is announced as expected, it could be a signal for the Fed to loosen its monetary policy. Looking at H4, we see the recovery after the sharp decline last week, signaling that wave 4 is forming. - Looking at the corrective wave structure, we see that there have been 3 corrective waves a b c and the current position of wave c has also reached the target area that we predicted the day before. - It is possible that wave C in the corrective structure or wave 4 as shown on the chart has now formed and we expect wave 5 to continue the downtrend. - Looking at the momentum of the H4 frame, we see that the H4 momentum has reversed to decrease in the overbought area, this reinforces the upcoming decline. - We measure the end target of wave 5 ending at 2 price target areas: area 2264 and area 2229. In the immediate future, we can look for sell down orders When the price continues to target wave 5, which is 2264 or 2229, we look for buy orders. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD week 2 June 2024 where will the decline come?Last week, China announced that it would stop buying Gold in May, making investors worried, leading to a sharp drop last Friday. In addition, the published Nonfarm news also showed that the change in US employment rate increased sharply from 165k to 275k. These are the things that caused Gold to have a sharp decline on Friday Looking at D1, we see that the sharp drop in price on Friday completely negated the increase last week. - This also confirms that wave 5 has not yet started when the price breaks below the 2318 zone - So the wave 4 correction model now becomes a Flat model with the top of wave b equal to the bottom of wave a. - From the measurement, we can measure the target of wave c in wave abc or wave 4, there will be 2 targets: area 2260 and area 2205. - This correction process, the abc process in wave 4, is confirmed to be completed when the price breaks through 2452 - This correction is negated (i.e. our current wave counting model is no longer valid) when the price breaks below 2145. - Looking at the current momentum indicator, it is preparing to reverse and decrease so in the short term, the price will continue to decline, so we should limit bottom fishing at the current price range. Our trading plan is to observe two target zones, the 2260 zone and the 2205 zone, to find a buy signal.
OANDA:XAUUSDShort
by DEEKOP