#XAU Waiting for the adjustment rhythm, the deep drop of Gold.Market analysis for Gold (XAUUSD) on November 20, 2024:
Yesterday, the gold price continued to recover after the previous adjustment. However, when it reached the resistance zone of 2640, the price reacted by nearly 20 points, indicating that sellers have emerged in this area.
Today's trading trend: SELL.
Key price levels to watch:
🔴SELL zone: 2648 - 2653, 2662 - 2667.
🔴BUY zone: 2623 - 2627, 2611 - 2616, and 2598 - 2603.
Recommended orders:
Plan 1: SELL XAUUSD zone 2651 - 2653
SL 2656
TP 2648 - 2640 - 2620 - 2600 - open.
Plan 2: SELL XAUUSD zone 2661-2663
SL 2667
TP 2658 - 2650 - 2640 - 2600 - open.
Plan 3: BUY XAUUSD zone 2601 - 2603
SL 2598
TP 2606 - 2615 - 2620 - 2630.
Xauusdwave
#XAUUSD/H4 Gold: Will it continue to recover or adjust?Market outlook for the European-American trading session on November 19, 2024:
Yesterday's trading session witnessed a strong recovery in gold prices. However, the possibility of gold continuing to rise in the long term remains uncertain. The likelihood of gold still being in a short-term correction trend is very high.
Today's trading trend: SELL.
Key price levels to pay attention to:
🔴SELL zone: 2625-2630, 2640-2645, and 2660-2665.
🔴BUY zone: 2598-2603, 2578-2583, and 2553-2558.
Recommended orders:
Plan 1: SELL XAUUSD zone 2641 - 2643
SL 2646
TP 2638 - 2630 - 2620 - 2600.
Plan 2: SELL XAUUSD zone 2665 - 2667
SL 2670
TP 2662 - 2650 - 2630 - 2600.
Plan 3: BUY XAUUSD zone 2597 - 2599
SL 2594
TP 2602 - 2610 - 2620 - 2640.
After the adjustment is completed, the recovery process begins.Market analysis for XAUUSD trading on November 18, 2024:
Last week's trading session saw a significant correction in gold prices. However, by the end of last week, selling pressure weakened and buying interest re-emerged. It is highly likely that gold prices will begin to recover this week.
Today's trading trend: BUY.
Key price levels to watch:
BUY zone: 2535 - 3540, 2551 - 2556, and 2525 - 2530.
SELL zone: 2595 - 2600 and 2615 - 2620.
Recommended orders:
Plan 1: BUY XAUUSD zone 2556 - 2558
SL 2653
TP 2561 - 2670 - 2580 - 2600.
Plan 2: BUY XAUUSD zone 2539 - 2541
SL 2536
TP 2544 - 2550 - 2560 - 2580 - 2600.
Plan 3: SELL XAUUSD zone 2595 - 2597
SL 2600
TP 2592 - 2580 - 2570 - 2560.
#XAUUSD/H4 Gold is bottoming out or continuing to adjust?Market outlook for the European-American trading session on November 15, 2024:
The price correction of gold has been weakening, possibly forming a bottom. However, it is advisable to be patient and wait for lower price levels to find a good entry point.
Today's trading trend: BUY.
Key price levels to pay attention to:
🔴BUY zone: 2550 - 2555, 2535 - 2540, and 2515 - 2520.
🔴SELL zone: 2572 - 2577, 2585 - 2590, and 2609 - 2614.
Recommended orders:
Plan 1: BUY XAUUSD zone 2551 - 2553
SL 2548
TP 2556 - 2565 - 2575 - 2590.
Plan 2: BUY XAUUSD zone 2538 - 2540
SL 2535
TP 2543 - 2550 - 2570 - 2590.
Plan 3: SELL XAUUSD zone 2588 - 2590
SL 2593
TP 2585 - 2575 - 2565 - 2560.
#XAUUSD/Deep adjustment rhythm. Expecting the milestone of 2600.Market analysis for XAUUSD trading on November 11, 2024:
After President Donald Trump's re-election, gold prices have cooled down. The moves and policies that Trump implements could have a significant impact on gold prices. There is a very high likelihood that this adjustment phase will continue.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2695 - 2700, 2710 - 2715, and 2730 - 2735.
BUY zone: 2662 - 2667, 2650 - 2655, and 2635 - 2640.
Recommended orders:
Plan 1: SELL XAUUSD zone 2698 - 2700
SL 2703
TP 2695 - 2685 - 2675 - 2650.
Plan 2: SELL XAUUSD zone 2713 - 2715
SL 2718
TP 2710 - 2700 - 2680 - 2650.
Plan 3: BUY XAUUSD zone 2636 - 2638
SL 2633
TP 2641 - 2650 - 2660 - 2680.
#XAU Donald Trump was elected and the adjustment rhythm of Gold.Market analysis for Gold (XAUUSD) on November 7, 2024:
The news of Donald Trump's re-election as President of the United States has had a significant impact on the global financial market. A decrease in gold prices was anticipated, but the drop of nearly 100 points still caused turmoil in the market. It is highly likely that this correction will continue to deepen.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2680 - 2685, 2700 - 2705, and 2712 - 2717.
BUY zone: 2632 - 2640 and 2600 - 2605.
Recommended order:
Plan 1: SELL XAUUSD zone 2683 - 2685
SL 2688
TP 2680 - 2670 - 2650 - 2640
Plan 2: SELL XAUUSD zone 2703 - 2705
SL 2708
TP 2700 - 2690 - 2680 - 2640.
Plan 3: SELL XAUUSD zone 2712 - 2714
SL 2717
TP 2709 - 2700 - 2680 - 2640.
#XAUUSD/H4 The big wave in the U.S. presidential election.Market analysis for XAUUSD trading during the European and American sessions:
The price adjustment of gold is still ongoing; however, it has not yet broken through the sideways range of 2730 - 2750. If the price breaks below 2730, it will officially undergo a significant correction. The news regarding the Presidential and Congressional elections in the U.S. will have a strong impact on the market.
Today's trading trend: SELL.
Key price levels to note:
SELL zone: 2740 - 2745, 2750 - 2755, and 2760 - 2765.
BUY zone: 2715 - 2720, 2703 - 2708, and 2680 - 2685.
Recommended orders:
Plan 1: SELL XAUUSD zone 2743 - 2745
SL 2748
TP 2740 - 2730 - 2720 - 2685
Plan 2: SELL XAUUSD zone 2753 - 2755
SL 2758
TP 2750 - 2740 - 2730 - 2720.
Plan 3: BUY XAUUSD zone 2706 - 2708
SL 2703
TP 2711 - 2720 - 2725 - 2730.
#XAUUSD/H4 Gold cools down, risks and opportunities.Market analysis for XAUUSD gold trading on November 4, 2024:
At the end of last week's trading session, the gold price closed at 2735. This confirms the price adjustment trend of gold. It is likely that this adjustment will not be as deep as the previous one.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2750 - 2755, 2765 - 2770, and 2780 - 2785.
BUY zone: 2725 - 2730, 2715 - 2720, and 2702 - 2707.
Recommended orders:
Plan 1: SELL XAUUSD zone 2755 - 2757
SL 2760
TP 2752 - 2745 - 2730 - 2720.
Plan 2: SELL XAUUSD zone 2765 - 2767
SL 2770
TP 2762 - 2755 - 2740 - 2720.
Plan 3: BUY XAUUSD zone 2717 - 2719
SL 2714
TP 2722 - 2730 - 2740 - 2750.
#XAUUSDDeep adjustment rhythm, awaiting the upcoming opportunityMarket outlook for Gold trading during the European-American session on November 1, 2024:
Yesterday saw a profit-taking adjustment that was anticipated. This adjustment will be quite strong, and we should wait for a good entry point to implement our upcoming hold strategy.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2760-2765 and 2770-2775.
BUY zone: 2725-2730, 2710-2715, and 2680-2685.
Recommended orders:
Plan 1: SELL XAUUSD zone 2660 - 2662
SL 2665
TP 2657 - 2650 - 2640 - 2630 -open
Plan 2: SELL XAUUSD zone 2773 - 2775
SL 2778
TP 2770 - 2760 - 2750 - 2740 - open.
Plan 3: BUY XAUUSD zone 2711 - 2713
SL 2708
TP 2716 - 2720 - 2725 - 2730.
#H4/Gold continues to adjust, waiting for opportunities to hunt.Market analysis for XAUUSD trading on October 28, 2024:
After closing last Friday at a price of 2747, the Asian session today opened with a downward GAP that has not yet been filled. This GAP indicates a short-term profit-taking by the BUY side, showing that buying pressure for gold has decreased and a SELL side has emerged in this area. However, today marks the opening of the weekly candle and the monthly candle will close this week, so everyone should pay attention to the adjustment of the upper wick in the monthly timeframe.
Today's trading trend: BUY scalp.
Key price levels to watch:
BUY zone: 2718 - 2723 and 2699 - 2704.
SELL zone: 2738 - 2743 and 2751 - 2756.
Recommended orders:
Plan 1: BUY XAUUSD zone 2718 - 2720
SL 2715
TP 2723 - 2730 - 2735 - 2750.
Plan 2: BUY XAUUSD zone 2702 - 2704
SL 2699
TP 2707 - 2715 - 2725 - 2745.
Plan 3: SELL XAUUSD zone 2753 - 2755
SL 2758
TP 2750 - 2740 - 2730 - 2720.
XAUUSD 9/25/2024 gold price continues to increase?
Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699.
After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets
- This adjustment will be very large and long to facilitate intraday trading I will choose target zones with a lot of demand so we can catch the recovery waves in this adjustment.
- We have 2 target price zones with high demand concentration, which are the 2565 - 2562 zone and the 2594 - 2591 zone. These are the 2 target zones we choose to BUY up.
Trading plan
SELL ZONE: 2696 - 2699
SL: 2706
TP1: 2682
TP2: 2665
TP3: 2655
BUY ZONE: 2565 - 2562
SL: 2555
TP1: 2641
Tp2: 2655
TP3: 2670
BUY ZONE: 2594 - 2591
SL: 2584
TP1: 2614
TP2: 2625
TP3: 2641
XAUUSD 9/24/2024 price increase continues?
Looking at H1 we see wave 5 is completing
- The target position of the end of wave 5 we have 2 target zones, the first zone is 2645 - 2648 and the second target zone is 2597 - 2700. For now we will choose the first target zone which is 2645 - 2648 as the target zone to SELL down
- Below after the end of wave 5 we will have a correction according to 3 ABC waves.
- We have the target zone of this correction at the price zone 2594 - 2591 and the second target zone at the price zone 2565 - 2562 we will choose these 2 target zones to BUY
Trading plan
SELL ZONE: 2645 - 2648
SL: 2655
TP1: 2625
TP2: 2606
TP3: 2593
BUY ZONE: 2594 - 2591
SL: 2584
TP1: 2606
TP2: 2616
TP3: 2645
BUY ZONE: 2565 - 2562
SL: 2555
TP1: 2570
TP2: 2589
TP3: 2603
XAUUSD 19/9/2024 Downtrend is over?
Looking at H1 we see that after the FOMC news we witnessed a strong price increase creating ATH at the 2600 area. Then there was a strong decrease to the 2547 area
- So wave 5 has completed as expected my target. now we expect an ABC correction
- Looking at the chart we see a strong decline suggesting a completed wave A, this strong decline also shows us that wave A has a 5-wave structure so this correction we expect a correction according to the ABC Zigzac correction structure
- The target of wave B I expect at the 2580 - 2583 zone or the 2579 - 2600 zone this is our SELL target
- After completing the target of wave B the price continues to decrease to complete wave C I expect the target to complete wave C at the price zone of 2528 - 2525 this will be our BUY target
- We also have a strong support zone at the price zone of 2451 - 2448 this will be our BUY scalp zone
Trading plan
SELL ZONE 2580 - 2583
SL: 2590
TP1: 2570
TP2: 2562
TP3: 2551
SELL ZONE: 2597 - 2600
SL: 2607
TP1: 2590
TP2: 2579
TP3: 2562
BUY ZONE: 2551 - 2448
SL: 2561
TP1: 2562
TP2: 2570
TP3: 2579
BUY ZONE: 2528 - 2525
TP1: 2541
TP2: 2551
TP3: 2562
XAUUSD 18/9/2024 gold price has ended the correction?
Looking at H1, we have a sharp and fast-moving wave 3, followed by a corrective wave 4
- According to the Elliot wave principle, wave 2 is simple, wave 4 is complex and takes more time, so we are in wave 4.
- I temporarily label the small waves in wave 4 so that we can predict the end of wave 4
- Currently, looking at the price target of wave 4, we have the price range of 2565 - 2562 and the second target price range is the range of 2451 - 2448
- Looking at the structure of wave 4, we have a complex structure consisting of a Flat wave combined with a zigzag structure WXY. Looking at the wave 4 structure, we see that the correction structure may be sufficient and we expect the price to continue to increase according to wave 5
- The correction process of wave 4 is confirmed to be completed when the price breaks out through the 2590.188 zone, then we have the target zones of wave 5 above, which are the 2600 - 2603 zone and the 2616 - 2619 zone
Our trading plan
BUY ZONE: 2565 - 2562
SL: 2555
TP1: 2579
TP2: 2590
TP3: 2600
BUY ZONE: 2451 - 2448
SL: 2441
TP1: 2561
TP2: 2579
TP3: 2590
SELL ZONE: 2600 - 2603
SL: 2700
TP1: 2590
TP2: 2579
TP3: 2565
SELL ZONE: 2616 - 2619
SL: 2716
TP1: 2600
TP2: 2590
TP3: 2579
#XAU Large sideways amplitude, accumulating for an upward cycle.Trading trend analysis for September 12, 2024:
As noted on September 11, 2024, gold prices have yet to break the resistance level of 2527 - 2531, and prices continue to move sideways within the H4 timeframe. Currently, this sideways range is quite broad: 2483 - 2531. However, the D and W timeframes indicate that this is a bullish accumulation phase.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2519 - 2524 and 2527 - 2531.
BUY zone: 2508 - 2511, 2500 - 2505, and 2490 - 2495.
Recommended orders:
Plan 1: SELL XAUUSD zone 2519 - 2521
SL 2524
TP 2516 - 2510 - 2500 - 2495.
Plan 2: SELL XAUUSD zone 2527 - 2529
SL 2532
TP 2524 - 2515 - 2505 - 2495.
Plan 3: BUY XAUUSD zone 2493 - 2495
SL 2490
TP 2500 - 2510 - 2520 - 2525.
XAUUSD 12/9/2024 will the gold price continue to decrease
Looking at H1, we see a complete Elliot structure has been completed including 5 main waves and 3 abc correction waves, I used purple to symbolize on the chart
- Following a complete structure is a new trend that coincides with the main trend with a 5-wave structure
- Currently, we predict that wave 1 in the new trend has been completed and wave 2 is being completed
- The target area of wave 2 I measured at the area of 2508 - 2505, we will use this price area as the target to BUY up according to wave 3
- At that time, we measure the target of wave 3 at least at the area of 2538 - 2541 and this price area will be our Sell target to catch the wave 4 correction down
- I still reserve a case that the current price wave 2 continues to adjust according to the abc structure that has not ended, then we will have a target BUY at 2494 - 2491
Trading Plan
BUY ZONE: 2508 - 2505
SL: 2498
TP1: 2516
TP2: 2525
TP3: 2532
BUY ZONE: 2494 - 2491
SL: 2484
TP1: 2500
TP2: 2508
TP3: 2520
SELL ZONE: 2538 - 2541
SL: 2548
TP1: 2531
TP2: 2525
TP3: 2517
CPI news: Will it reach a new peak or maintain a sideways range?Market analysis for XAUUSD trading on September 11, 2024:
The trading session on September 10, 2024, continued the upward trend of gold, with corrective movements unable to change the direction. However, the H4 timeframe is currently in a sideways range; the area between 2525 - 2531 remains very strong. It is highly likely that during the Asian session, this resistance zone will not be broken.
Today's trading trend is: BUY.
Key price areas to note:
BUY zone: 2500 - 2505 and 2510 - 2513.
SELL zone: 2525 - 2531 and 2538 - 2542.
Recommended orders:
Plan 1: BUY XAUUSD zone 2510 - 2512
SL 2507
TP 2515 - 2520 - 2525 - 2530.
Plan 2: BUY XAUUSD zone 2500 - 2502
SL 2497
TP 2505 - 2510 - 2515 - 2525.
Plan 3: SELL XAUUSD zone 2525 - 2527
SL 2530
TP 2522 - 2517 - 2512 - 2505.
Wishing you all a successful trading day.😘😘😘😘😘😘😘😘😘
#XAUUSD/H1 Adjustment rhythm creates momentum, surpassing peaks.Analysis of XAUUSD gold trading trends for the European-American session on September 10, 2024:
As noted on September 9, 2024, gold prices have increased at the beginning of the week. However, the upward momentum does not appear strong; a deeper correction is needed to build momentum for a breakout. Current expectations may target the 246x or 247x area.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2511 - 2513 and 2518 - 2522.
BUY zone: 2498 - 2501 and 2482 - 2486.
Recommended orders:
Plan 1: SELL XAUUSD zone 2511 - 2513
SL 2516
TP 2508 - 2500 - 2490 - 2475.
Plan 2: SELL XAUUSD zone 2519 - 2521
SL 2524
TP 2516 - 2510 - 2500 - 2475.
Plan 3: BUY XAUUSD zone 2471 - 2473
SL 2468
TP 2476 - 2485 - 2495 - 2565 - open.
#XAUUSD/H1 Strong upward momentum, establishing a new peak.Trading trend analysis for September 9, 2024:
After creating a candle wick on the M timeframe, the gold price has closed with a strong wick on the D and W timeframes. The gold price has not yet surpassed the peak of 2531; however, it is certain that the gold price will exceed this peak to reach levels of 2538-2542, 2548-2553, or 2565-2570.
The trading trend will be BUY.
Key price zones to note:
BUY zone: 2482-2485 and 2494-2496.
SELL zone: 2505-2508 and 2522-2525.
Recommended orders:
Plan 1: BUY XAUUSD zone 2482 - 2484
SL 2479
TP 2490 - 2500 - 2510 - 2525.
Plan 2: BUY XAUUSD zone 2494 - 2496
SL 2491
TP 2500 - 2505 - 2515 - 2525.
Plan 3: SELL XAUUSD zone 2523 - 2525
SL 2528
TP 2520 - 2515 - 2505 - 2495.
#XAUUSD/H1 Strong increase or continued adjustment?Analysis of the XAUUSD gold trading trend for the European-American session on September 6, 2024:
Currently, the gold price is in a sideways range of 2500 - 2530, and the trading trend will be determined once this range is broken. However, in the long term, the gold price is still in an upward trend. This could be an accumulation zone aiming for a price of 2700 by the end of 2024 and early 2025. If the area of 2526 - 2531 is broken, the price will create a new peak in the range of 2548 - 2552, or even 2563 - 2567; if it does not break, the price may adjust down to the range of 2499 - 2504 or 2490 - 2495.
Today's trading trend: BUY.
Recommended orders:
Plan 1: BUY XAUUSD zone 2501 - 2503
SL 2498
TP 2506 - 2512 - 2520 - 2565.
Plan 2: BUY XAUUSD zone 2490 - 2493
SL 2488
TP 2498 - 2505 - 2515 - 2565.
Plan 3: SELL XAUUSD zone 2527 - 2529
SL 2532
TP 2522 - 2515 - 2510 - 2500.
Wishing you successful trading😘😘😘😘😘
XAUUSD 6/9/2024 Where will the uptrend end?
Looking at H1 we are seeing a 5-wave bullish structure forming,
- Currently looking at the price data, the wave 4 structure is forming, the completion of wave 4 and wave 5 are confirmed when the price breaks through 2523, then we have the confirmation of wave 5.
- After a 5-wave structure will be an adjustment according to the 3-wave ABC structure.
- I have estimated the wave 5 target at the price range of 2530 - 2533, which is also our SELL target
- Then the ABC correction structure has a target to end at the price range of 2500 - 2497, which will be our BUY target.
- I still do not rule out the possibility that the big correction wave has not been completed yet, then the target of wave C that I mentioned in the previous plan is the price zone of 2464 - 2467, which will be our BUY target when the price breaks through 2472
Our trading plan will trade according to the ABC downtrend and wait for the ABC downtrend structure to complete, then we will BUY up
Trading plan
SELL ZONE: 2530 -2533
SL: 2540
TP1: 2523
TP2: 2518
TP3: 2509
BUY ZONE: 2500 - 2497
SL: 2400
TP1: 2518
TP2: 2523
TP3: 2530
BUY ZONE: 2467 - 2464
SL: 2457
TP1: 2482
TP2: 2493
TP3: 2518
#XAUCreate a virtual peak, drop deeply, or surpass the old peak?Gold XAUUSD Analysis for the European - American Session on September 5, 2024:
The gold price on September 4, 2024, experienced significant fluctuations, yet it remains consistent with the previous bottom zone of 247x. After confirming the sell-off, gold rebounded strongly. However, the current upward momentum is still insufficient; a buildup is needed in the 245x - 246x area, or even 244x.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2512 - 2515, 2520 - 2524.
BUY zone: 2489 - 2494, 2477 - 2482, 2460 - 2466.
Recommended orders:
Plan 1: SELL XAUUSD zone 2513 - 2515
SL 2518
TP 2510 - 2500 - 2480 - 2460.
Plan 2: SELL XAUUSD zone 2524 - 2526
SL 2529
TP 2520 - 2510 - 2500 - 2460.
Plan 3: BUY XAUUSD zone 2457 - 2460
SL 2454
TP 2464 - 2475 - 2490 - 2565.
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