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Gold is in range : Current Price Action and Intraday Levels We have seen a recent downtrend (Short Period )after hitting a peak. The price has fallen below the previous support area and consolidation range (highlighted in yellow),and currently consolidating (In grey Box)suggesting sideways to bearish momentum. However, the consolidation could also imply that the market might be looking for direction (Wait for break in any direction). Current Price Action: Gold is currently priced at around $2,624.235, which is slightly above the pivot point (P) at $2,624.000. The price has shown a recent decline from the high of around $2,673.453, indicating a bearish sentiment in the short term. Resistance Levels based on Weekly Pivots: R1 is at $2,664.085, which was recently tested and acted as resistance. If the price moves up, this level could act as a resistance again. R2 at $2,704.560 and R3 at $2,744.645 are further resistance levels to watch if there's a strong bullish move. Support Levels based on Weekly Pivots: S1 is at $2,583.525, which is quite close to the current price. If the price breaks below the pivot point, this could be the first support level to watch. S2 at $2,543.440 and S3 at $2,502.965 are deeper support levels where buyers might step in. As discussed in weekly analysis video I am currently waiting for a swing buy opportunity ; and waiting for Lower level in 2550-2530 or Low area , or need confirmation above 2650 if price want to move directly in higher side without testing the lower levels .
OANDA:XAUUSD
by TheGoldenCircle
Gold Trading Strategies for 23rd December 2024Gold Trading Strategies Strategy 1: Breakout Strategy Buy Above: Enter a buy position above the high of the 15-minute candle that closes above 2636. Upside Targets: 2650, 2665, 2680 Sell Below: Enter a sell position below the low of the 15-minute candle that closes below 2611. Downside Targets: 2600, 2587, 2570 Strategy 2: Support Zone Buy Strategy If the price trends lower from 2625: Buy Between: 2610-2616 Stop Loss: 2604 Targets: 2625, 2635, 2650 Strategy 3: Resistance Zone Sell Strategy If the price trends higher from 2623: Sell Between: 2635-2645 Stop Loss: 2655 Targets: 2625, 2615, 2600 Summary: Breakout Strategy: Utilizes the breakout levels of 2636 for buying and 2611 for selling based on the 15-minute candle close, with defined upside and downside targets. Support Zone Buy Strategy: Focuses on buying in the support zone of 2610-2616 with a stop loss at 2604, targeting 2625, 2635, and 2650. Resistance Zone Sell Strategy: Targets selling in the resistance zone of 2635-2645 with a stop loss at 2655, aiming for targets of 2625, 2615, and 2600. These strategies provide a comprehensive approach to trading gold, incorporating different market conditions and defined targets. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
1
GOLD TRADING POINT UPDATE >READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade list week already done good profits 💰 ready for new week analysis setup Gold Traders Gold rejected point below 👇 trend 📉 2725 below 👇 2648 closed 🔒 market. Today night market open 👐. 4H Close below 👇 2640 Next target we'll see 2600.! ? Wait for closing below 👇 that entry open Short Trade. 2648 ba ck up trand 2675 2678 again for short trade entry. Let's do update every day 🙂 Small target we'll see 2620 Short long time Trade 2481 analysis target 🎯 Resistance level 2675 2678 Support 2628 - 2600 2481 Mr SMC trading point Support 💫 My hard analysis Setup like And Following me 🤝 that star ✨ game 🎯
OANDA:XAUUSDShort
by SMC-Trading-Point
2
PCR in Trading However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment. A high PCR indicates a bearish sentiment, as more traders buy puts, expecting the market to decline. Similarly, a low PCR suggests a bullish sentiment, with more traders buying calls in anticipation of a market rise. PCR > 1: When the PCR is greater than 1, it suggests that there are more open put contracts than call contracts, indicating a bearish sentiment. Traders and investors anticipate the underlying asset's price to fall. PCR = 1: When the PCR is close to 1, it implies a balanced sentiment in the market.
NSEIX:NIFTY1!Education
by SkyTradingZone
Why to buy Gold...As shart shows 3 Red- 1 green 2 red - 1 green 1red - 1 green we can expect. If gold want to go down then to make M pattern, it will go up If gold want to go up then also it will go up... Look very childish and simple But keep it simple We can expect 2693 and 2743 coming probably till 13th january. Our view will be absolutely wrong if gold gives day closing below 2615 Or it goes below 2603 anytime. For gap down opening more than 12 dollars on monday will also break upmove. Gold shall open on monday @2632 Then low of 2620~2622 and then back on upmove.
TVC:GOLDLong
by chinmaywakode
3
Accuracy of Swing/ Weekly zones on natural gas chart Zones worked very well in natural gas . Natural Gas is love . respecting zone every time . exact reversal and target hit, break out of zones and target hit Our trading style emphasizes patience and precision. We only trade when the price reaches a key zone, observing for consolidation, reversal, or breakout/breakdown signals. Once these conditions are met, we take trades in the direction of the price. We avoid trading at random prices, prioritizing high-quality setups. With this approach, we aim to place small stop losses and target larger gains, focusing on fewer but more accurate trades. SL is always above or below the zone .
MCX:NATURALGAS1!
by AIQuant-X
Accuracy of Weekly/ Swing Zonesthis week how crude took support exact from our weekly Swing zones and gave an upward moment Our trading style emphasizes patience and precision. We only trade when the price reaches a key zone, observing for consolidation, reversal, or breakout/breakdown signals. Once these conditions are met, we take trades in the direction of the price. We avoid trading at random prices, prioritizing high-quality setups. With this approach, we aim to place small stop losses and target larger gains, focusing on fewer but more accurate trades.
MCX:CRUDEOIL1!
by AIQuant-X