Gold (XAU/USD) View For 26-08-2024Gold - Gold has a bullish structure.
Expecting it to continue it's up move now.
It may test the Demand zone ( 2417.403 -2378.597 ) and then move up.
GOLD.PRO.OTMS trade ideas
Weekly XAU (08/26 - 08/30)Daily live trade with XAU in H1
This is my plan. My Strategy is Reversal or Pull Back method.
Win rate 65-70%.
R:R around 1:3
Trading is risky, so follow capital management and follow stoploss.
XAUUSD(Gold)- Short Below 2520$
Today, Fed Chairman Powell delivered an important speech, which led to a rise in risk aversion and pushed gold prices up in the short term. However, gold prices still failed to effectively break through the 2520 pressure platform, and the momentum of the short-term rebound failed to continue. At present, the gold price is still running below 2520. We maintain a bearish view and will only adjust our thinking when the gold price breaks through 2520 substantially. Next, we will continue to arrange short orders based on the 2520 line, and the short-term target is around 2485.
Considering that there is still a large resistance above 2517, it is not recommended to chase the rise for the time being. Before the upper resistance is effectively broken, the gold price may fall back at any time. The bullish trend has come to an end for the time being, and the rebound in the US market in the evening is still dominated by short selling.
Gold to continue the Bullishness As mentioned in previous Analysis, support taken from 2370
If Gold sustains above 2450 2500
Short term 2700 could be tested
Longer term 3000 could be tested
Rationale:
Support taken from
1. Fib 0.23 retracement of the rally from 1986 to 2450
2. DEMA 50
Bullish Flag Breakout
Be ready for volitilty, fall expected after power speach 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
Gold future PredictionI make 2 prediction for future for trade in gold curently gold touch the price all time high 2530.00 then after its make 2470.00 low and now i have 2 scenario for gold so if its break high then after a big spike in market 2590.00 and its falling down and its make 2 target 2407.00 2353.00.
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.
Disclaimer:-
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
TP HIT ON GOLDAs I discussed in my last analysis, I have predicted that gold will move 100 pips and reach my TP1 level soon. I am now expecting gold to retest then show further growth. I am expecting gold to reach my TP2 level soon. It is hard to predict where gold will go next, but I am confident that it will continue to move upwards. I will keep you updated on my analysis.
XAUUSD GOLD DECLINING ?Xauusd Gold is currently hovering below the 2500 dollar markup , we have seen already it has touched the price label 2531.816 all time high , now it's in a range of healthy correction , I'm waiting for the fresh demand around 2460-2457 before any up move i am expecting right now.
Daily candle closing below 2437.89 considered bearish. 2460.55-2483.61 is no man's land , no trade zone. OANDA:XAUUSD
XAUSD looking good for sell on riseGold Analysis For Upcoming Days continue upside Rally Now Indicated more correction
GOLD // XAUUSD // coming weeks, READY FOR MAJOR RALLY
"🌟 Gold Rally Ahead After the Dip! 🚀✨"
The chart reflects a bearish market structure with lower highs and lower lows, signaling a potential decline in the price of Gold (XAU/USD). The yellow highlight indicates a predicted move towards the 2,356.627 level, where the price might find support. The analysis uses order blocks, cluster analysis, and price action to project this movement, and traders might look for confirmation through further signals or breaks of key levels.
"As September’s leaves gracefully descend, gold emerges to brilliantly ascend. 🍂✨ After the calm of autumn’s close, a radiant rally swiftly grows. 🌟💰"
"📉 Correction Complete, Get Ready for the Gold Rush! 🌟💰 Wake me up when September ends. 🍂⏰"
GOLD XAUUSD Analysis on (23/08/2024)#XAUUSD INTRADAY SIGNAL
Current price -2495
If price stay below 2510,then next target 2484 and 2470 and above that 2530
plan1; If price break 2500-2505 area(i.e.support area)and stay below 2500 area ,we will place sell order in gold with target of 2484,2470and 2460 & stop loss should be placed at 2516
plan2; If price break 2513-2517 area(i.e.resistance area)and stay above 2520 area,we will place buy order in gold with target of 2530 and 2540 & stop loss should be placed at 2513
Trading tips:(Accuracy 95%)
Gold XAUUSD corrective patternXauusd made high near 2532 where impulse 5 wave completed..
and started corrective wave w-x-y (double correction done) and made low near 2470 near the channel bottom support.
If it sustains inside the channel with bullish candle formation above 2480 than expect one more move up for wave X towards 2490-2495
now stay cautious in shorting near the channel support.. it can be trap if profit booking follows.
golden ratio level 2470 if broken than downside 2460-2455
Disclaimer.. Study is only for educational purpose and no trading advise
#XAUUSD/H1 Weekend trading trends. Opportunities and risks ?Forecast for 8/23/2024:
Gold is expected to continue its correction, with a high likelihood of further adjustment. Frame D has shown a reversal, presenting an opportunity for short selling and preparing for a strong rise after the completion of gold's momentum.
The trading trend for today is SELL.
Key price levels to watch:
SELL zones: 2497 - 2500 and 2508 - 2511. BUY zones: 2473 - 2476 and 2450 - 2454.
Recommended orders:
Plan 1: SELL XAUUSD zone 2497 - 2499
SL 2503
TP 2494 - 2485 - 2475 - 2450.
Plan 2: SELL XAUUSD zone 2509 - 2511
SL 2515
TP 2500 - 2490 - 2480 - 2450.
Plan 3: BUY XAUUSD zone 2473 - 2475
SL 2469
TP 2480 - 2490 - 2495.
