Gold - 19/09/2024Candles showing downtrend.
But market is in uptrend and reacting to uptrend trendline.
It is confused zone.
So we should take action with strong confluence.
If you confused, do not go for trade.
GOLD.PRO.OTMS trade ideas
Gold sell on rise until ATH not break 2526, 2509, 2480 next TagtDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold sell on rise until ATH not break 2526, 2509, 2480 next TagtDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Update PLAN XAU After FOMCAs I have updated everyone on the Gold Plan through previous trading plans (check in the trading idea section). Currently, gold has reached the 2544 - 2548 zone and is showing a reaction, but I feel it is not very strong.
The FED's 0.5% interest rate cut could have a short-term impact.
At the moment, gold is forming a short-term distribution range, and for now, I will look for sell entries toward the BUY Swing zone - as shown in the chart!
cung cau volumeCung cau volume la cach nhan biet vung cung cau manh
Trong mot xu huong tang thi ho tro co volume lon chinh la cau manh
Khi do cung manh van co the bi fake break out
#GOLD XAUUSD Analysis on(18/09/2024)#XAUUSD UPDATEDE
Current price - 2568
If price stay above 2552,then next target 2580,2600 and below that 2530
Plan1;If price braak 2565-2560 area,and stay above 2565,we will place buy order in gold with target of 2580 and 2600 & stop loss should be placed at 2552
Plan2:If price break 2550-2545 area,and stay below 2545,we will place sell order in gold with target of 2530 and 2510 & stop loss should be placed at 2560
Trading tips:(Accuracy 85%)
TP HIT ON GOLDAs I discussed in my last analysis, I have predicted that gold will move 180 pips and reach my Target.
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GOLD // Level // 1H"Welcome to SkyTradingZone "
Hello Everyone 👋
GOLD Level 1H Challenge:
Task: Complete a complex, high-stakes task within a 1-hour timeframe that requires strategic thinking, problem-solving, and decision-making skills.
Tasks may include:
Developing a comprehensive business plan or strategy
Solving complex puzzles or brain teasers
Resolving a high-pressure crisis or emergency situation
Completing a series of challenging logic or reasoning exercises
Tips to succeed in the GOLD Level 1H Challenge:
Stay focused and composed: With only 1 hour to complete the task, it's essential to stay focused and composed under pressure.
Prioritize tasks: Identify the most critical tasks and focus on completing them first.
Think critically: The GOLD Level 1H Challenge requires strategic thinking and problem-solving skills. Take your time to analyze the situation and develop a plan.
Practice time management: The time constraint is crucial in this challenge. Practice managing your time effectively to stay on track.
xauusd trying to Take a Hook has recently hit an all-time high, signaling a potential reversal or correction phase in the market. With the price reaching extreme levels, there may be a significant opportunity for sellers to capitalize on profit-taking and increased selling pressure. Traders may anticipate a decline as market sentiment shifts from bullish to bearish, especially if key resistance levels hold. Monitoring technical indicators such as RSI, MACD, and key support zones could be critical in identifying the ideal sell entry points. Consider risk management strategies and market fundamentals before placing your trade."
#GOLD XAUUSD Analysis on(17/09/2024)#XAUUSD UPDATEDE
Current price - 2585
If price stay below 2600,then next target 2570,2550 and above that 2618
Plan1;If price break 2585-2590area,and stay below 2580,we will place sell order in gold with target of 2565 and 2555 & stop loss should be placed at 2600
Plan2;If price break 2595-2560area,and above 2600,we will place buy order in gold with target of 2610 and 2618 & stop loss should be placed at 2590
Trading tips:(Accuracy 85%)
Continuation with yesterdays view on GOldAs quoted yester day about 41 $ downward movement, today we can see that its already 28$ low from gold 2 days previous high.
Gold will have to take a break of atleast 40 % retracement downward from its recent high in order to take new high.
FED interest is already booming the gold up, but to boom up streams gold as to accumulate buyers from fair value price. gold will not take new height from higher high its against theory of basic demand and attainable supply.
Gold prices will impact many world wide indices as gold is relatively inversely co related to sensitive indices.
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
XAUUSD 1809 LONG - NEW RANGE FORMEDThis line bias is long, so I'm only looking for long positions despite the price appearing bearish. The bearish channel has broken out, and a new range is forming.
Just follow the bias of the line and wait for better entries.
The Chartist.
XAUUSD 1H SELL PROJECTION 18.09.24old buyers regain control, as the 14-day Relative Strength Index (RSI) remains comfortably above the 50 level, having eased off from near the overbought territory.
The optimism prevails so long as they defend the one-and-a-half-month-old symmetrical triangle target now support at $2,560.
That said, the immediate resistance is seen at the record high of $2,590, above which the $2,600 level will be tested.
Acceptance above that level will call for a test of the $2,650 psychological barrier.
If the Fed disappoints the doves, Gold price could witness a fresh sell-off, which could challenge the August 20 high of $2,532.
Additional declines will threaten the 21-day Simple Moving Average (SMA) at $2,522, below which the $2,500 mark will be on sellers’ radars.
Gold Faces Resistance at 2,588 USD, Awaiting Fed SignalsGold (XAUUSD) is currently trading around 2,577 USD, facing strong resistance at 2,588 USD.
If it fails to break through this level, the price may correct down to the support zone at 2,530 USD.
The 34 EMA and 89 EMA, located at 2,551 USD and 2,524 USD respectively, are providing support for the bullish trend.
If the price holds above support, gold may continue its rise towards the 2,560 USD level.
The RSI is currently at 75.42, indicating increasing selling pressure. The upcoming Fed meeting decisions will play a crucial role in influencing gold prices.
Gold XAUUSD seld ydt we get good profit, 2540,2515 ,2485 Target Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Update plan XAU before FOMC p.2"We can see that the level of 2560, which I identified yesterday, has been filled completely. Currently, the gold price is at...
Pay attention to the buy entry: 2544 - 2548, everyone! Stoploss: 2542.
If this order reacts strongly upwards, then move the stoploss to the entry point to break even and hold the position through today's FOMC."
BUY GOLDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE. It is not advisable to enter without confirmation from a lower TF.
XAUUSD 1709 Range Breakout SHORT
Price broke out of the Wyckoff range and changed the bias of the lines.
I took a short position before, and now I’ll do the same.
The Chartist.
can this happen ?What I believe is before this to happen ie all say gold to sky rocket high, i believe that gold will trash down drastically around 40$ from current high !
lets see can this happen ?
TODAY'S DUMP XAUUSD SIGNALLevel 1 » 2580-2585 SL 2593 (Trade till 2591)
Level 2 » 2598-2603 SL 2613 (Trade till 2611)
Level 3 » 2618-2625 SL 2633 (Trade till 2631)
TP » 2568|2575
Reason for SELL?
TODAY'S SURPRISING UP SIDE US RETAIL SALES DATA, GOD WILLING
TP HIT ON GOLDAs I discussed in my last analysis 16/9/2024, I have predicted that gold will move 100 pips and reach my Target.
