xauusd 4hr chartA head and shoulders pattern has formed on the 4-hour chart, and it has broken out. So, I executed the trade based on the breakout retest. Let’s see what happens.
GOLD trade ideas
tich luy hay phan phoithi truong co 1 giai doan di ngang, nhung sau do gia se di chuyen theo huong nao ?
XAUUSD WEEKLY BUY PROJECTION 19.10.24Reason for Bullish
Gold hit a record high last month. Goldman Sachs analysts think it's not done rising.
1
The firm in a Monday note said it has a price target of $2,700 per ounce on the precious metal. That's actually a bit less bullish than before, since the bank is now targeting early next year instead of later in 2024 — but that's still an 8% premium over the $2,525 high on Aug. 27.
2
CNBC. “Gold / US Dollar Spot.”
Gold futures ticked higher Wednesday to around $2,524 an ounce.
How we made Tonns of Money 2020 to 2024Friends i am attaching my previous chart on Gold with forecast made as $3100
Today we made tonns of Money staying in the trend and beliving our Method & Theory
Today you should understand that one must have an matured method of trading along the side
trusting the trade to get the Benefit of Maturity ,
Most make decisions fast entry and exit which may result in low Growth
Hope you will learn in future about the methods of Market
Good luck
attaching chart
Traps in Forex.Traps are very common moves played by big players at accumulation and distribution levels. They do so to grab the liquidity from retail traders. Liquidity grab is done by SL hunting of retail traders, and for SL hunting traps are being lay by fake breakout or breakdown of support or resistance level ( also known as accumulation or distribution level in western style). But, as a trader this traps can be played smartly by retail to gain some good move. I have attached a snapshot of my few trades from last month. I have mentioned how I traded those traps.
Note: I have prepared this analysis today to post it for learning purpose. I don't remember my exact entry and exit price.
Gold 2715 Target hit book profit on but trade avoid carry farwadDisclaimer -
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 day trading analysis for education Day trading can be a valid source of income when you invest wisely and make a profit. However, psychological factors like greed and overtrading can lead to losses, while market makers and institutional professionals profit from those mistakes.
To succeed, trade wisely and aim for consistent profits, whether daily, weekly, or monthly.
For example:
A smart gambler rarely loses because they possess an intelligent mind, as well as more information and knowledge.
Goodnight. I have closed my last trade for this week. Let’s see what happens with gold next week as I follow the price.
I will post perfect analysis with holiday.
Next analysis market behaviour of strength
gold boom as per my idea previously shared gold anaylysis get in our direction sell . now booommmmmmmmm dont take losses
Xauusd analysis The previous high has been broken, and the market has created higher highs (HH) and higher lows (HL), indicating a possible continuation of the bullish trend. It made a new high yesterday, and the market still shows bullish momentum, with a potential target in the 2750-2800 range. Upcoming economic data releases could influence gold price movements.
Note: This analysis is based on current trends and is not a guarantee.
Good evening
gold sellthe b est opportunity to catch the reversal trade of gold ..................dont miss gold at very crucial level
gold spot crucial update edu pur.gold spot now broken 2700 or fireddd now have to eyes 2700$ if hold abv than nxt up side move 2722--30 than after 2745$ possible where support 2690$ only blw looks some downward correction till 2684--80$ over all looks still up side due to speculator or middle east tension--- yes intrday base blw 2713 looks dwn ward correction 2705--2702-2695$
Gold renews all-time high within bullish channel, $2,750 eyedGold prices soared to a record $2,710, marking four days of gains as investors flock to safety. Despite a stronger US dollar, gold has remained within a rising trend channel for the past three months.
Caution Ahead
While the bulls celebrate breaking through a three-week-old resistance level, the momentum indicators suggest a potential pullback. With the RSI nearing overbought territory, we might see a brief dip before another surge in prices.
Key technical levels to watch
Gold’s next challenges lie at the 50% and 61.8% Fibonacci Extension (FE) of the bullion’s September-October moves, respectively near $2,711 and $2,736, especially amid nearly overbought RSI conditions. In a case where the precious metal remains firmer past the $2,736 hurdle, the aforementioned bullish channel’s top line surrounding $2,750 will be a tough nut to crack for the buyers. A breakthrough there could spark a rally towards the psychological $3,000 mark, with potential resistance around $2,800 and $2,900.
On the contrary, Gold’s price has solid support at the $2,700 level and the 38.2% Fibonacci Extension around $2,686. If it falls below these, watch for a key support zone near $2,665, where the late September resistance and the 10-day EMA converge. Should XAUUSD bears keep the reins past $2,665, the channel’s bottom line of near $2,630 will be the last defense of the buyers.
Buyers are likely to stay in control despite a potential pullback
While a short-term pullback in gold prices appears overdue, the overall bullish trend is expected to hold strong due to global economic and geopolitical uncertainties.
Gold above 2700Gold breakout psychological level of 2700 and now trading above this level after Chinese data ;as per my view buying at these elevated levels is risky (Same goes with sell also : sell is also risky but with proper MM sell seems to be more favorable as per volume distribution ) : So my plan is to sell at every Intra day resistance as per Pivots (R1:2702,R2:2711,R3:2725 and weekly R3: 2734).
XAUUSD SHORT!!???????SELLERS ARE GONNA PUSH THE MARKET DOWN. Till 2682/83 set the perfect selling and enter it till there
Gold until 2668 not break buy on dip 2715,2728 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
Short Term Support Zone. Gold (XAUUSD) is experiencing a bullish move today, trading around $2,657 as of October 17, 2024, reflecting a gain of 0.91%. The price action remains volatile, influenced by geopolitical tensions and expectations of upcoming U.S. economic data. The broader trend shows gold consolidating within the $2,636 - $2,675 range.
If it breaks above $2,670, strong resistance may push prices towards the $2,685 level, though a correction remains likely if bearish sentiment strengthens.
Key drivers include anticipation around U.S. inflation data and global market uncertainty, which are likely to continue influencing gold's trajectory.
For short-term trading, watching the $2,654 support level is crucial for assessing potential downward moves.
Gold Price Climbs Near the PeakHello everyone! What movements has gold shown today? Let's analyze together!
Tensions in the Middle East continue to be the main driver pushing gold prices higher. The ongoing attacks between Israel and Hezbollah have raised concerns about a larger-scale conflict, prompting investors to turn to gold as a safe-haven asset. While U.S. economic data has been relatively quiet this week, upcoming key reports could significantly impact market sentiment and gold prices in the next trading sessions.
The XAUUSD chart is currently trading around $2,681, indicating that a short-term uptrend is still being maintained, according to Alisa’s analysis. The strong support zone at $2,645 has stabilized gold prices. If gold can break above and close above the resistance level of $2,680, there is a high likelihood of further gains towards higher levels. On the other hand, if it fails to stay above this resistance, gold may retrace to retest the previous support zone.
These are Alisa’s thoughts on gold price movements today. How does everyone feel about this?
Gold again reached at All time High : What next?As expected and as shared on daily updates ,we have seen a good bullish rally on gold again and gold re-tested the ATH level and now facing resistance on Intraday but there is no big indication of good rejection at ATH level: CPR is very extreme today and gold price still showing strength. Today we have some high impact data in US session that can generate good volatility
For today:
For Buy:
We will wait for breakout above 2685 and on breakout we can look for buy on Intraday towards 2700,
For Sell; Price need to see a good decline first /close on H4 and bears at least need to push the price under 2660 (Daily S1 for today) and then only we can look for sell opportunities on Intraday.
Gold Seems BullishGold is currently in consolidation range which seems to be 2668.00 to 2677.100 if it breaks the level of 2677.100 then we can see the levels of 2685 which was the last high and if it hovers there then it will break the resistance level , if price comes to support zone of 2668 to 2666 then we have to wait for the price action confirmation.
Gold support 2655-2645 resistance 2687 ,2707,2725 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 1H BUY PROJECTION 16.10.24Reason for Bullish
Gold Is Money
One of the crucial promises of money is that it serves as a long-term store of value. Gold fulfills this promise better than any currency. Look how much purchasing power all major government currencies have lost compared to gold.
Strong Delta Formation @ previous support zoneToday, gold prices are undergoing a correction after reaching an all-time high of $2,708.70 on October 1, 2024. As of today, the price has dropped to around $2,640.60, marking a decline due to several influencing factors.
The primary economic factor driving this correction is the strength of the U.S. dollar, which has become the preferred safe-haven asset amid ongoing geopolitical uncertainties. Additionally, shifting expectations around Federal Reserve interest rate cuts have influenced gold prices. While markets initially expected a 50-basis-point cut in November, current projections favor a smaller 25-basis-point cut. This change reduces the appeal of non-yielding assets like gold, leading to price declines.
However, despite this pullback, many analysts remain bullish on gold in the medium to long term. The underlying factors supporting gold's recent rally, such as economic uncertainty, geopolitical tensions, and inflation concerns, are still present. As such, any further weakening could present buying opportunities for investors looking to re-enter the market.
