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XAUUSD 4/9/2024 complex correction has ended? Looking at H1, the complex correction process will create very difficult conditions for determining the specific structure of the wave. In such a situation, we will rely on the Fibonacci measure to determine the target price zones for the end of the entire correction process based on the previous up wave. - With such an approach, I will determine the target price levels for this correction downtrend. - Looking at the chart, we have a temporary 5-wave structure formed. We will rely on this combined with Fibonacci to set up trading zones - Case 1 if wave 5 has ended, then we expect the price zone 2482 - 2479 to BUY Case 2 if the price breaks below 2473, then the price zone ending wave 5 will be the price zone 2464 - 2467 - Above the strong supply zone 2510 - 2507 has not been broken yet, so this is still our target to SELL - Next is the zone 2515 - 2518, this is the strong supply zone above that we choose to place a SELL order/ Trading plan BUY ZONE: 2482 - 2479 SL: 2472 TP1: 2492 TP2: 2582 TP3: 2499 BUY ZONE: 2464 - 2467 SL: 2454 TP1: 2478 TP2: 2492 TP3: 2499 SELL ZONE: 2510 - 2507 SL: 2520 TP1: 2510 TP2: 2491 TP3: 2482 SELL ZONE: 2515 - 2518 SL: 2525 TP1: 2510 TP2: 2491 TP 3: 2482
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 2560Golden Information Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%. Gold prices fall despite stronger US Dollar amid economic slowdown signs. US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief. Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473. Price Tag 1. >>2440>>> 2. >>2535>>> 3. >>Short-term up>>2630
OANDA:XAUUSDShort
by AngelScalping
XAUUSD STRONGINTRO Current Status 1.Gold prices fall despite stronger US Dollar amid economic slowdown signs. 2.US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief. 3.Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473. Gold price is upwardly biased, even though momentum shifted in sellers’ favor and opened the door for a drop to $2,470. The Relative Strength Index (RSI) hints that buyers are in charge, but in the near term the yellow metal could weaken. In that event, if XAU/USD drops below $2,500, the next support would be the August 22 low at $2,470. Once surpassed, the next stop would be the confluence of the August 15 swing low and the 50-day Simple Moving Average (SMA) near the $2,427-$2,431 area.
OANDA:XAUUSDShort
by AngelScalping
4
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDGOLD SHOWING 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 now it trying to break the strong resistant lable B. after the break of this rectangle it will boost 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 capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
XAUUSD 4H SELL PROJECTION 03.09.24Interest Rate Cuts and Economic Indicators Two Federal Reserve policymakers voiced their opinion on Tuesday, stating it would be “reasonable” to expect three interest rate cuts in the U.S. within the year. This perspective comes despite a backdrop of robust economic indicators, which have led some investors to question the feasibility of such moves. The anticipation of interest rate adjustments is a critical factor influencing financial markets and investment strategies.
FOREXCOM:XAUUSDShort
by kripsonfx97
XAUUSD 3/9/2024 Downtrend is over? Looking at H1 we see that the price has reached the target of wave 4 that we expected and then decreased near TP3. Once again I would like to congratulate all of us on continuing to have a big win near Full TP3. - So now the price is completing the down wave 5 to then continue to increase - Looking at the overall correction, we can easily identify that this is a complex correction with many intertwined correction structures. - In a complex correction trend, it is difficult for us to determine when the new trend starts. But with real trading, we only care about the setups that qualify for our trading, I will not try to predict each wave accurately - Currently, I expect the target of wave 5 to end at the price zone of 2487 - 2484 and this is also our BUY target - Above, I see 2 large supply concentration zones, which are the 2507 - 2510 zone, this zone is the target zone, the last time the price approached this zone, it was pushed down very quickly, and the 2525 - 2528 zone, looking at the chart, we see that the price was pushed down very deeply after approaching this zone last Friday. and these 2 zones are also our SELL target zones BUY ZONE: 2487 - 2484 SL: 2477 TP1: 2499 TP2: 2507 TP3: 2518 BUY ZONE: 2471 - 2469 SL: 2461 TP1: 2485 TP2: 2499 TP3: 2510 SELL ZONE: 2507 - 2510 Sl: 2517 TP1: 2500 TP2: 2487 TP3: 2470 SELL ZONE: 2525 - 2528 SL: 2535 TP: 2518 TP2: 2510 TP3: 2500
OANDA:XAUUSDLong
by DEEKOP
1
XAUUSD 9/2/2024 price continues to decrease? Looking at H1, we see a sharp decline on Friday last week to the 2494 area, signaling that this is wave 3 in the red 5-wave trend above. - According to the 5-wave structure, the price is currently completing wave 4 and then the price will continue to move in a downward trend to complete wave 5. The target is measured for wave 4 at the price range of 3507 - 2510, this will be our SELL target price range. - After reaching the target of wave 4, the price continues to move to complete the target of wave 5. Then we measure the target of wave 5 at the range of 2487 - 2484, this is our BUY target price range. Trading Plan SELL ZONE: 2507 - 2510 SL: 2517 TP1: 2499 TP2: 2493 TP3: 2487 BUY ZONE: 2487 -2484 SL: 2477 TP1: 2494 TP2: 2499 TP3: 2509
OANDA:XAUUSDLong
by DEEKOP
Gold Moving to All Time High.Hello everyone! Please see our updated 4H chart Levels and targets for the up coming week. We are seeing price between 2513 resistance and 2500 as support. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. we will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. BULLISH TARGET 2530-2550 WILL OPEN THE FOLLOWING BULLISH TARGET 2570 2600 BEARISH TARGET 2500 AND OPEN BEARISH TARGET 2470 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr GOLD MrHappiness FOREXCOM:XAUUSD
FOREXCOM:XAUUSDLong
by MrHappiness
3
XAUUSD 8/29/2024 Is the uptrend over? Yesterday as predicted, wave C was completed with very strong selling pressure, we did not reach the target of the first BUY zone, but at the second BUY zone, we had a big win of 210 pips, congratulations to all of us. Currently, the uptrend is still dominant. Looking at the current trend, we expect a 5-wave structure as shown on the chart. Besides, there is still the possibility of an ABC correction structure. - We have the price zone 2510.7 as a confirmation point, if the price closes above 2510.7, then we are in a 5-wave uptrend. If the price closes below 2510.7, then this increase is just an ABC correction and then the price continues to decrease when the structure is completed. - My current view is leaning towards a 5-wave bullish structure because I am expecting wave C to reach its target at 2493.7 and then a 5-wave structure will follow, then we have wave 5 target at 2536 - 2539, this is the first target and this is also the target area for us to SELL - If the current structure is an ABC correction structure, then we have wave C target at 2487 - 2484, this will be our BUY target - In addition, we have a large demand concentration area at 2509 - 2506, so this is also a target area for us to BUY SCALP Trading plan BUY SCALP ZONE: 2509 - 2506 SL: 2499 TP1: 2518 TP2: 2524 TP3: 2531 BUY ZONE: 2487 - 2484 SL: 2477 TP1: 2499 TP2: 2506 TP3: 2531 SELL ZONE: 2536 - 2539 SL: 2546 TP1: 2531 TP2: 2524 TP3: 2509
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 8/28/2024 Has the price started a new trend? Looking at H1, we see a completed 5-wave structure followed by a correction structure. Currently, we have 2 possibilities that can happen with the current price structure Case 1, we have a Flat correction structure with peak B equal to peak 5 as shown on the chart. Then we need to wait for the price to complete wave C to be able to trade. In this case, it is confirmed when the price breaks through the 2503.9 zone - Case 2 is that the price has completed the ABC correction wave at the 2503.9 price zone and the price is currently in a 5-wave uptrend structure. If so, we have the current correction wave as correction wave 2 in a new uptrend structure, then we expect the price to break through the 2526.6 zone to create a new higher peak. And this case is confirmed when the price breaks through 2526.6. Combining the possibilities we have the following trading targets. Pay special attention because the current price structure is still unclear, requiring us to manage the transaction closely. SELL ZONE: 2536 - 2539 SL: 2546 TP1: 2527 TP2: 2519 TP3: 2523 BUY ZONE: 2512 - 2509 SL: 2502 TP1: 2519 TP2: 2531 TP3: 2536 BUY ZONE: 2498 - 2495 SL: 2488 TP1: 2509 Tp2: 2519 TP3: 2531
OANDA:XAUUSDLong
by DEEKOP
POSSIBLE GOLD MOVE WITH 1:10 RISK REWARD AT SUPPLY ZONEGOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON ALL THE SETUPS ARE JUST FOR EDUCATIONAL PURPOSE A. Volumes showing buyers are showing intrest . and shock zone going to break which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost 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 capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
XAUUSD 26/8/2024 Will the uptrend continue? Last week we saw a special increase on Friday. - This increase confirmed the completion of the ABC correction wave and the price continued to increase. - Looking at the current uptrend, we see a structure of short candles with weak momentum. So this could be a big wave 1 in the uptrend structure. Looking at the bullish wave structure, we see that there are 5 black waves - Currently, I am leaning towards the black ABC correction structure - Looking at the chart, we see that the black wave A has been completed and the price is currently completing the black wave B - The target for completing the black wave C is I predict at the price range of 2500 - 2497 or the price range of 2489 - 2486, this will be my BUY target - Above, we see that there is still a very strong supply zone at the price range of 2531 - 2534, this is the old peak, so if the price wants to surpass the old peak, it needs to absorb all of this supply. So I will set the SELL target down here Trading plan: SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2509 TP3: 2500 BUY ZONE: 2500 - 2407 SL: 2400 TP1: 2509 TP2: 2519 TP3: 2530 BUY ZONE: 2489 - 2486 SL: 2479 TP1: 2499 TP2: 2509 Tp3: 2530
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 23/8 has the uptrend started? Looking at H1 we see - Yesterday we saw a sharp decline after the PMI news, the price reached our BUY Entry, up to now we have a 190 pips victory, congratulations to all of us. - Now looking at the uptrend we see a 3-wave structure, on the other hand we see that yesterday's downtrend has the characteristic of sharp and fast movement, so we expect wave 3 to have formed and currently the price is correcting wave 4. - With the target of wave 4 I measured, wave 4 has reached the price target and now we are waiting for wave 5 to complete. - Wave 5 is confirmed when the price breaks through 2470.7 and the target is measured at the price zone of 2460 - 2457 - Because the price zone of 2470 is also the target price zone of wave 5 that we measured from the previous day's plan, we cannot rule out the possibility that the downtrend structure has been completed and it is confirmed if the price does not break through the 2470 zone. Then the price will continue the uptrend. Our trading plan will aim to BUY when the price breaks through 2470 BUY ZONE: 24600 - 2457 SL: 2450 TP1: 2470 TP2: 2486 TP3: 2498 SELL ZONE: 2499 - 2502 SL: 2509 TP1: 2486 TP2: 2479 TP3: 2470 SELL ZONE: 2531 - 2534 SL: 2541 TP1: 2519 TP2: 2501 TP3: 2486
OANDA:XAUUSDShort
by DEEKOP
GOLD SHOWING A GOOD UP MOVE WITH 1:10RISK REWARD GOLD SHOWING 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 now it trying to break the strong resistant lable B. after the break of this rectangle it will boost 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 capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01