Gold Reversed from the target zone.Gold taken support at Demand zone & Reversed.
now the target is Supply Zone . Zone to Zone trading.
for commodities we check International market chart along with MCX chart to get proper Entry and Exit.
GOLD trade ideas
GOLD LONG !!!!!!My target is 1:3
Learn and do by yourself
Price has to move from these levels orelse
You might see a good correction and that gives opportunity for new buyers
One thing after fed announced rate cut market went up continuously so trapping scenario may start if this week bullishness fails.
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.
Xau/usd bearish Xau/usd forming double top bearish pattern sell at 2610 ,1 st target 1590
2 nd 1570 .Observe for for rejection at neck point which is 2624 .
Gold XAUUSD sell given at 2648 ,made low 2604 enjoy huge profit 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
Will Gold Prices Reverse?Hello everyone, it's Alisa here. Today, let's update the situation of gold together!
The U.S. release of September's job data far exceeding forecasts has shocked the gold market. With 254,000 new jobs created and the unemployment rate dropping, the chances of the Fed easing monetary policy have significantly decreased, pushing gold prices down to $2,615.9 per ounce as the USD index rises.
Looking at the technical chart, gold prices are moving within a descending price channel. With the support level at $2,608, gold has tested this channel and declined further. Increasing selling pressure, along with the continued strengthening of the USD, is putting significant pressure on gold prices. If there are no surprises, gold prices may continue to drop in the short term.
I advise investors to closely monitor market developments and be ready to adjust their investment strategies accordingly.
What do you think will happen to gold prices today?
Gold : Buy the dip is now ON...Gold finally breakdown the consolidation range in yesterday trading session and now trading under the support level (2640) which is going to act as resistance for now ...this is the correction that everyone was expecting, but retailer started crying early and now saying that the trend is reversed ,but higher time frame is still bullish , for any deep correction or reversal price need to breakdown 2550 on daily close. On price action ,price is now moving towards the weekly S2 (Near psychological support level :2600); If we watch the Volume distribution on daily time frame we can see a good support at 2570-90 area, so we can plan buy the dip at current price or on test of that high volume area.
For Today the Focus is now shifts to the FOMC Minutes and we have to wait the market reaction on FOMC minutes also.
XAUUSDENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
5 $ upward movement on rise.Gold on rise due to small demand and Middle east tensions.
Small buying zone is being created and we should be well aware that 2670$ is well defended ny sellers .
Buying for 5 $ rise is initiated.
Gold On Demand ZoneGold on demand zone. if reversed from here we can see target as next zone( Supply Zone)
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.
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:8 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
Gold sell on rise start 2596 1st Target ,2565 2nd 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
Gold : time to come out from ConsolidationGold price is in consolidation from last 6 days and on price action it is clear that 2640 level acting as good support and breakdown from this level will result in good decline on Intra day.....Now for buy in swing we can wait for price to test weekly S1(2626) or weekly S2 (2600-01) area; For swing buy wait for price confirmation on H4 close or daily close.
(Sell and then buy case)
Warning: Gold may continue to declineHello everyone, it’s me, Alisa, again. Let’s analyze today’s gold price movements together!
Gold has dropped to $2,640 per ounce. This decline occurred after U.S. employment data was released more positively than expected, raising investor concerns about the possibility of the U.S. Federal Reserve (FED) continuing to ease monetary policy.
According to the 1-hour technical analysis, Alisa observes that gold is in a downward trend. If no factors support a reversal, the key support level of $2,640 could be broken. Investors need to closely monitor market developments to make timely decisions.
What do you think about today’s gold price? Let me know!
A TRADE FOR BUY SIDE LIQUIDITYAs the market consolidates, we plan a long trade to the next BSL, aiming to target gold at the current price.
Gold Trend 07/10The upward momentum of gold slowed down last week, with prices trading in a narrow range near the record high. The US employment figures released much better than market expectations last Friday, causing gold prices to drop by $30 within the first half an hour. However, the recent Middle East tension led to a rebound in gold prices as the market price in the risk premium over the weekend.
The risk premium naturally eased back from the weekend, the gold prices fell below 2650 early in the Asian session. We need to closely monitor the developments in the Middle East this week. On the other hand, following the US employment data last Friday, the latest CME Fed. Watch is now showing a 97.9% chance of a 1/4-point rate cut in November, while the chance of a 1/2-point cut has dropped to zero. As the market sentiment turns hawkish for the USD, It's unlikely for the gold price to make a new high this week. Pay attention to Thursday's US inflation data; initial market expectations suggest a continued slowdown in September's overall inflation, which should provide temporary support for gold prices before the release.
1-hour chart(above) > 2670(1) has shown significant resistance after the momentum slowed down last week and the support line(2) originated from Sept. 9 remains effective. Before Thursday's US inflation data, watch for the consolidating triangle (2.1). Later this week, if gold prices can break below the sideway range (3), the downside target could be set at 2600(4)."
Daily chart(above) > Before the November Fed interest rate meeting, continue to use the horizontal range mentioned last week (6) as a trading blueprint. If expectations for US rate cuts slow further, there is a chance for gold to undergo a deeper correction."
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P.To
Today Trend of Gold is bearishMy Analyze all things i calculate here today trend is gold and many things i anlayze with last closing of gold with NFP data monday today trend is weak my level of Gold sell around 2645.00
and stock loss 2652.00 taarget around 2628.00.
SELL NOW 2645.00
TP 1 2640.00
TP 2 2635.00
TP 3 2628.00
SL 2652.00
Gold Losing Momentum: Is the Gold Rush Cooling Down?Hello everyone! A new week has begun. Today, let's join Alisa to forecast the gold price!
The gold market today has recorded a slight decline after the U.S. September jobs report exceeded expectations. Specifically, the spot gold price dropped by 0.4% to $2,642.78 per ounce. The unexpected improvement in the U.S. labor market has reduced expectations that the Federal Reserve (Fed) will soon ease monetary policy, putting pressure on gold prices. This is considered one of the main factors influencing gold price movements in today’s trading session.
Technical analysis shows that the 34.89 EMA has shifted to a downward trend. With the nearest support at 2,640, gold is currently attempting to recover and retest the resistance level at 2,647. However, if selling pressure continues to increase and gold closes below the support level of $2,640 per ounce, the downtrend is likely to be reinforced, opening up the possibility for deeper declines toward the next support zones.
And you, what do you think about today’s gold price? Will gold rise or fall?
Gold : on Hold from last week ..What next?Last week gold printed a indecisive candle on weekly time frame ..the current price action formation is a tringle and price will remain indecisive under this formation ..For Intra day we have to wait for breakout (on confirmation) and then we can trade in direction of breakout...Last week we have seen a good bullish candle on DXY , and we have seen that gold remained under pressure due to that ...For this week also we can expect more higher level on DXY which can push the gold price in lower side ...In lower side we can plan buy trade near weekly S1 (2626) or at weekly S2 (2600 area).
(Overall it's a buy the Dip scenario on Higher TF )
Gold Sideways Zone Until Broken Above Or Down These LevelsUpside 2478 is the nearest resistance.
And downside we have around 2639.
Gold showing new numbersgold on daily you got a QM SELL
pushing the price close opend area
down
but if the price pull back hard break the top price
we will dive into 70s area
XAUUSD TRADE FOR TOMMOROW 6-10-2024"Tomorrow's Gold Analysis: A detailed breakdown of potential price movements and key levels to watch. I'll be covering the latest market trends, important support and resistance zones, and what to expect based on recent data. Whether you're a trader or investor, this analysis will help you stay informed and prepared for the day ahead."
