BUY GOLD In 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.
GOLD.PRO.OTMS trade ideas
XAUUSD Awaits Break of $2,530 Resistance Under CPI PressureXAUUSD is in a mild uptrend, trading around $2,517 with a key resistance level at $2,530.
If the price breaks above this level, the uptrend could continue. However, failure to breach it may lead to a correction toward the $2,501 support level.
The EMA 34 and EMA 89 are still supporting the current uptrend, but if the price falls below them, a downtrend might resume.
U.S. economic news, especially the CPI report, will heavily impact gold prices, as a higher-than-expected inflation rate could strengthen the USD, putting downward pressure on XAUUSD.
XAUUSD - Identifying the Bias of Reaction Zones/LinesThis is how I determine the trend when the price reacts at a reaction zone or line.
I look at the nearest adjacent waves to see how the price behaves when it touches that zone. Sometimes, a line or zone may have both biases, but there are also zones with only one clear bias.
The plan was to take profit and then sell, but it seems the reaction in this zone was too strong, and the price moved quickly, leaving no time to enter the trade.
The Chartist
XAUUSD BUYINGGold buy above 2526,
because many time gold take resistance from 2525 so there is huge Resi,
when 2526 breckout then big rally possible.
Gold - 12/09/2024Gold is on sideways for few weeks.
So we have to trade the range. So buy at support , sell at resistance.
Mostly we can expect it to go up and break.
We have to wait and watch.
Go for trade only at marked area
#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
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
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.
Gold analysis September 11Fundamental Analysis The steady rise continued throughout the early part of the European session and took the commodity to a fresh weekly high, with buyers now looking to build on the upside momentum beyond the $2,525-2,526 supply zone. The US Dollar (USD) is struggling to capitalize on the gains recorded over the past three days and withdrawn from the monthly top amid dovish expectations from the Federal Reserve (Fed). This, in turn, is seen as a key factor driving flows towards the non-yielding yellow metal.
Meanwhile, a weaker risk-on sentiment in general has prompted some safe-haven flows and lifted Gold closer to its all-time high in the last hour. However, bulls may refrain from positioning for any further upside moves and prefer to pause ahead of the release of the latest US consumer inflation figures. The key US CPI report will play a key role in investigating market expectations on the size of the Fed's September rate cut and determine the next leg of the directional move for the precious metal.
Technical Analysis Gold's push to 2529 in European trading promises a breakout of all-time highs early today. The current key zone around 2529 in European trading could push prices back to 2540. The top is a push to the psychological port zone which is also the Fibonacci level of 2555. Contrary, if 2029 fails to break, prices could soon push to the 2517 zone before the CPI data and also the US session. and revisit the 2495 support zone and 2555 resistance when the news is released. because if the news pushes up, there will be no good entry to sell until the 2540 and 2555 areas.
Resistance above: 2535 - 2540 - 2550-2555…
Support: 2512 - 2506 - 2499 - 2493 - 2485
SELL 2537 - 2529 Stoploss 2442
SELL 2554 - 2556 Stoploss 2559
BUY 2508 - 2506 Stoploss 2503
BUY 2496 - 2494. Stoploss 2491
#GOLD XAUUSD Analysis on(11/09/2024)#XAUUSD UPDATEDE
Current price - 2526
If price stay below 2535, then next target 2500,2480 and above that 2550
Plan;If price break 2527-2530 area, and stay below 2523,we will place sell order in gold with target of 2500 and 2490 & stop loss should be placed at 2535
Plan2;If price break 2535-2540 area,and stay above 2540,we will place buy order in gold with target of 2550 and 2560 & stop loss should be placed at 2525
Trading tips:(Accuracy 80%)
Golden Indicator based signals Xauusd 2499 to 2515..16 pointsXauusd buy above only 2499.25
stoploss 2493.50.....6 points
Tp-1................2503.....4points
Tp-2................2509.....9.50 points
Tp-3.................2515.....16 points
This level based on Golden Indicator and education purpose only
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 SELL market has given 1H E pattern , i will be in short for this , let see what market has to do . my 2nd possibility for gold to short
Target achived on GOLDAs I discussed in my last analysis, I have predicted that gold will move 170 pips and reach my Target
XAUUSD rising wedge patternXAUUSD in rising wedge pattern with A-B-C corrective pattern
of which wave B resisted near golden ratio 0.618
and showing weakness.. breaking down from the wedge will bring
more weakness towards 2500-2495
Disclaimer : study is only for educational purpose
Gold sell on rise , we will see 2456 in few days Avoid any buy 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
XAUUSD Short term Sell HEY GUYS ,
My strategies have triggered for Gold sell ,
TP 1 :2497
TP 2 : 2480
TP1 HIT ON GOLD As I discussed in my last analysis, I have predicted that gold will move 90 pips and reach my TP1 level
GOLD Ny sessionThis is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low.
When entry is activated SL will be below or above the 30 minute candle.
#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.
BUY XAUUSDA strong DEMAND ZONE exists at price 2501.946, so I took a buy position at this price.I waited for the right price action before entering. The price action matched my predictions and I was rewarded for my patience.
Disclaimer:-
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
XAUUSD 1H BUY PROJECTION Reason for Bullish
Interest 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.
Surge in Gold Prices
The price of gold has surged over 10% since the start of the year, cementing its status as a preferred hedge against inflation and a sanctuary amid political and economic uncertainty. This significant uptick is largely due to considerable purchases by central banks and a rising demand for safe-haven assets.
Gold and Silver Prices Today
As of April 5th, 2024, the precious metals market has observed noteworthy movements. Gold prices have reached new highs, driven by global trends and market dynamics, reflecting the continuous appeal of gold as an investment.
U.S. Economic Outlook
Recent data indicates a slowdown in the growth of the U.S. services industry for March, with a concurrent reduction in the prices businesses pay for inputs, hitting a four-year low. These developments suggest a potentially favorable outlook for inflation, influencing investment decisions and monetary policy.
