XAUUSDAccess the latest XAU/USD statistics and analyses as well as the economic events impacting the Gold
GOLDMINI trade ideas
GOLD Getting ready for 2025Current price action suggests we're entering a critical phase for Gold. After the strong uptrend from June-October, we're seeing signs of temporary weakness that could extend into early January 2025(1 or 2 Week).
Major Support zone around 2536-2,550 (Area of Interest : AOI)
Expecting a test of this support in early January
Volume declining, suggesting a major move is brewing.
→ Short-term: Potential weakness and test toward support zone
→ Medium-term: Looking for bottom formation around 2536-2,550 area
→ Long-term: Expecting bullish rally after support confirmation
This chart represents a detailed Elliott Wave analysis for Gold This chart represents a detailed Elliott Wave analysis for Gold (XAUUSD) in a 1-hour timeframe. Here's the explanation:
Elliott Wave Progression:
The chart shows waves labeled as (i), (ii), (iii), (iv), and (v) for a larger impulsive move down.
Following the completion of wave (v), a corrective structure (marked with W, X, Y, Z) appears, indicating a complex corrective wave.
Corrective Wave Structure:
The corrective wave appears to form a double or triple zigzag pattern (W-X-Y-(Z)).
The orange trendlines illustrate a wedge or channel pattern, suggesting consolidation or exhaustion in the corrective phase.
Current Status:
The blue circle marks the point of interest where the price breaks out or rejects the wedge pattern.
This could indicate the end of the corrective phase and the beginning of the next impulsive move.
Future Projections:
The red arrow pointing downward suggests continuing the decline to complete wave (c).
Key Fibonacci retracement levels (0.618 and 0.786) are marked at $2,551.15 and $2,527.49, respectively, as potential support zones.
The highlighted yellow area serves as a strong demand zone, potentially signaling where the price may reverse after completing the correction.
Long-Term Expectation:
After completing wave (c) near the demand zone, the upward red arrow suggests a significant bullish move. This aligns with Elliott Wave theory, where a strong impulsive wave follows a corrective wave.
Key Levels:
Resistance: Near the upper boundary of the corrective wedge/channel.
Support: Fibonacci retracement levels and the highlighted yellow zone.
XAUUSDAccess the latest XAU/USD statistics and analyses as well as the economic events impacting the Gold
Gold continues to decline 30.12.2024Strategy 1: Bullish Trade (Long Position)
Condition: Wait for the price to react at Demand Zone (A) or deeper at Demand H1 (C) with bullish reversal confirmation (e.g., pin bar, engulfing candle).
Entry Point (Entry):
At 2,607 - 2,610 USD (Demand Zone A).
If the price breaks below Demand (A), enter at 2,591 - 2,594 USD (Demand H1 C).
Stop Loss (SL):
For Demand Zone (A): Below 2,604 USD.
For Demand H1 (C): Below 2,588 USD.
Take Profit (TP):
TP1: Supply H1 (B) at 2,622 - 2,625 USD.
TP2: FVG H1 (2,636 USD) if the price continues higher.
Risk-to-Reward Ratio (R:R):
From Demand Zone (A):
Risk: ~3-4 USD.
TP1: +12-15 USD (R:R ≈ 1:4).
TP2: +26-29 USD (R:R ≈ 1:7).
From Demand H1 (C):
Risk: ~5-6 USD.
TP1: +28-31 USD (R:R ≈ 1:5).
TP2: +40-45 USD (R:R ≈ 1:8).
Strategy 2: Bearish Trade (Short Position)
Condition: Wait for the price to reach Supply H1 (B) and show bearish reversal confirmation (e.g., bearish engulfing candle, pin bar).
Entry Point (Entry):
At 2,622 - 2,625 USD (Supply H1).
Stop Loss (SL):
Above the Supply H1 at 2,628 USD.
Take Profit (TP):
TP1: Demand Zone (A) at 2,606 - 2,610 USD.
TP2: Demand H1 (C) at 2,591 - 2,594 USD.
Risk-to-Reward Ratio (R:R):
Risk: ~3-4 USD.
TP1: +12-15 USD (R:R ≈ 1:4).
TP2: +28-31 USD (R:R ≈ 1:7).
Trading Notes:
Confirm Signals: Only enter trades after confirmation signals (e.g., price action or candlestick patterns).
Risk Management: Limit risk per trade to 1-2% of your account balance.
Breakout Adjustments: If price breaks through Supply/Demand Zones, adjust your strategy accordingly.
xauusdAccess the latest XAU/USD statistics and analyses as well as the economic events impacting the Gold
XAUUSDThe chart shows an overall bullish trend supported by the green ascending trendline, recently price action indicates consolidation near the 2,625.57 level. Resistance is around 2,655.50, while support near 2,602.24 and 2,581.92.
A breakout above 2,655.50 could lead to further upward momentum, targeting the area around 2,800.00. A drop below 2,602.24 may trigger selling pressure, targeting lower support zones around 2,519.19. we may look to buy near 2,602.24 or 2,581.92 and sell near 2,655.50 or the resistance zone around 2,800.00.
Summary
-----------
Trend: Overall bullish trend with recent consolidation.
Resistance: Key resistance at 2,655.50 and higher at 2,800.00.
Support: Strong support at 2,602.24 and 2,581.92.
Buy Zone: Near 2,602.24 or 2,581.92.
Sell Zone: Near 2,655.50 or 2,800.00.
Outlook: Break above resistance may push higher; drop below support could trigger sell-offs.
Gold Trading Strategy for 30.12.2024Gold Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 2642
Sell Below: The low of the 15-minute candle that closes below 2610
Targets:
Upside Targets: 2651, 2664, 2675, 2686
Downside Targets: 2598, 2589, 2579
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2642, aiming for targets of 2651,2664, 2675, and 2686.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2610, aiming for targets of 2598, 2589, and 2579.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
Next week gold sell on rise until 2660 not break 2585,2525 TargtNext week gold sell on rise until 2660 not break 2585,2525 downside 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 Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
XAUUSD Short Side Trade SetupXAUUSD could be shorted from the mentioned Fair Value Gap to get high risk reward.
BUY goldThis is the confluents zone for gold. sellers getting control but failed to pull to downside. Keep an eye on the gold chart
XAUUSD_4H ANALYSISXAUUSD_4H ANALYSIS
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
XAUUSD chart weak,if break 2525 then 2416,2305,2185,2090-2020 XAUUSD chart weak,if break 2525 then 2416,2305,2185,2090-2020 come
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 Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold is in RangeAs per TPO chart on gold for 30 Min:
Market Sentiments looks like the market is trying to find its base after that sharp drop we saw last week. There's been some buying interest as the price has started to stabilize a bit higher, but the ups and downs show there's still some uncertainty in the air. We have seen multiple rejection from 30-35 area and the dip from this range might suggest a bit of short-term bearishness, but since we're still close to the normal trading range(2620-40 Now), it's not too alarming.
xauusdBe on topic. That means sharing ideas related to trading, investing, or the financial markets.
Quality over quantity: Provide a meaningful idea description that explains your analysis and is helpful for other members to understand your reasoning. Even trading signals have a reason behind the entry, please elaborate on why you enter a trade here in the specified direction.
Do not invite visitors to your publication to engage
GOLD goes sideway to celebrate the New YearScenario 1: Sell Trade
Idea: Wait for the price to reach the FVG H1 or Supply Zone and confirm a bearish reversal before entering a sell trade.
Entry Point:
Sell within the range of 2,631 - 2,643 (inside the FVG H1).
Look for bearish reversal candlestick patterns such as Doji, Shooting Star, or Bearish Engulfing.
Stop Loss (SL):
Place the SL above the Supply Zone at 2,665 to protect against a breakout.
Take Profit (TP):
Target 1: 2,621 (Demand H1, nearest support).
Target 2: 2,616 - 2,596 (Lower Demand Zone, stronger support).
Risk-to-Reward Ratio (R:R):
For Entry at 2,640 and SL at 2,665:
TP1: R:R ~ 2.0.
TP2: R:R ~ 3.6.
Scenario 2: Buy Trade
Idea: Wait for the price to drop into the Demand H1 or lower Demand Zone for a buying opportunity when bullish reversal signals appear.
Entry Point:
Buy within the range of 2,621 - 2,616 (Demand H1).
If the price breaks this zone, wait for it to reach 2,596 - 2,584 (Lower Demand Zone).
Stop Loss (SL):
Place the SL below the Demand Zone at 2,582 to safeguard against further drops.
Take Profit (TP):
Target 1: 2,631 (Fibonacci 0.5 level and FVG H1).
Target 2: 2,643 - 2,650 (next resistance area).
Risk-to-Reward Ratio (R:R):
For Entry at 2,621 and SL at 2,582:
TP1: R:R ~ 2.5.
TP2: R:R ~ 4.5.
Key Notes:
Signal Confirmation: Use additional indicators like RSI (to confirm overbought/oversold levels) or MACD (to validate momentum).
Risk Management: Risk no more than 1-2% of your capital per trade.
Price Action Monitoring: Observe closely how the price reacts at the supply and demand zones to make informed decisions.
Building Emotional Intelligence in Trading: Your Edge for 2025
Emotional intelligence (EQ) is often the unsung hero of successful trading. It involves understanding your emotions and those of others to enhance decision-making, manage stress, and navigate the often tumultuous financial markets. Here's how to leverage EQ to improve your trading outcomes in the coming year:
1. Self-Awareness - Know Your Emotional Triggers:
Concept: Recognize what emotions drive your trading decisions. Are you prone to fear, greed, or overconfidence?
Application: Keep a trading diary where you note not just your trades but your emotional state before, during, and after each transaction. This can reveal patterns in how emotions affect your trading.
2. Self-Regulation - Control Impulsive Reactions:
Concept: Manage your reactions to market movements to avoid knee-jerk trades.
Application: Set pre-defined rules for when to trade and when to step back. Use techniques like deep breathing or stepping away from the screen to calm down during high volatility.
3. Motivation - Stay Driven by Your Goals:
Concept: Use intrinsic motivation to keep your focus on long-term goals rather than short-term gains or losses.
Application: Define clear, long-term trading objectives and remind yourself of these goals when facing setbacks. Celebrate small wins to maintain motivation without becoming complacent.
4. Empathy - Understand Market Sentiment:
Concept: Gain insight into how others perceive the market, which can be as crucial as technical analysis.
Application: Monitor market sentiment through news, social media, and community discussions. This broader perspective can help you anticipate market moves based on collective behavior rather than just individual analysis.
5. Social Skills - :
Concept: Build and leverage relationships with other traders for mutual growth and support.
Application: Engage in trading communities, share your insights, and learn from others. Networking can provide emotional support, new strategies, and a sense of belonging which is vital during tough market conditions.
Practical Steps for Enhancing EQ in Trading:
Regular Reflection: Dedicate time weekly to reflect on your emotional responses to trades. What went well emotionally? What could be improved?
Mindfulness Practices: Incorporate mindfulness or meditation into your routine. This can aid in maintaining focus and managing stress, both critical in trading.
Emotional Check-ins: Before making a trade, do a quick emotional check. Are you feeling pressured, excited, or calm? Adjust your approach accordingly.
Scenario Planning: Visualize different market scenarios and your emotional responses to them. This mental preparation can help in real-time decision-making.
Continuous Learning: Read about behavioral economics or psychology related to trading. Books like "Thinking, Fast and Slow" by Daniel Kahneman can offer profound insights.
XAUUSD_H4The price is on a descending channel and is moving towards the floor of the channel which is the goal of wave 3.
XAUUSD holding buy from 2606 ,trail SL 2617 Target 2655,2671Disclaimer -
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 Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
PLAN GOLD 27/12Analysis of the Current Strategy (XAU/USD - Gold)
1. Price Levels:
• Resistance Zones:
• Around 2,649.986 and 2,653.504 (marked in the upper region).
• Support Levels:
• Immediate support near 2,626.863.
• Major support near 2,529.570 - 2,528.831.
2. Mitigation Block:
• A key mitigation block is identified slightly above 2,641.994.
• This suggests a potential supply zone where sellers may become active.
3. Chart Patterns:
• An ascending wedge pattern is forming, which indicates price consolidation and potential exhaustion.
• This pattern suggests that the price may experience a breakout or reversal soon, especially near resistance levels.
4. Volume Profile:
• Significant volume observed near 2,636.006 indicates heavy activity, possibly a key pivot zone.
• Volume decreases in higher price regions, showing reduced participation from buyers as the price approaches resistance.
5. Market Context:
• Bullish Momentum: Current price action indicates a gradual upward movement, retesting higher levels.
• However, resistance around 2,649.986 might act as a cap, leading to a potential pullback.
6. Trade Idea:
• Sell Scenario: Look for rejection signs or bearish candles near 2,649.986 or in the mitigation block. Targets could be around 2,626.863 or lower.
• Buy Scenario: If the price finds strong support near 2,626.863 with volume backing, a rebound towards 2,641.994 or higher could be viable.
7. Key Levels to Watch:
• Entry Zone: Near the mitigation block (2,641.994).
• Stop Loss: Above 2,653.504 for short trades.
• Take Profit: Around 2,626.863 for shorts or 2,649.986 for longs.
Gold Trading Strategy for 27th December 2024Gold Trading Strategy
Buy Scenario
Entry Point: Enter a Buy trade if the price of gold closes above the high of the 1-hour candle at 2641.
Upside Targets:
First Target: 2647
Second Target: 2653
Third Target: 2658
Stop Loss: Place a stop loss below the nearest support level or the low of the breakout candle to limit risk.
Sell Scenario
Entry Point: Enter a Sell trade if the price of gold closes below the low of the 1-hour candle at 2627.
Downside Targets:
First Target: 2620
Second Target: 2615
Third Target: 2609
Stop Loss: Place a stop loss above the nearest resistance level or the high of the breakout candle to limit risk.
Important Notes:
Ensure that you confirm the breakout with additional indicators, such as RSI, MACD, or Volume, to reduce the chances of false breakouts.
Consider the prevailing market sentiment and any upcoming economic news or events that could influence gold prices.
Disclaimer:
This trading strategy is provided for educational and informational purposes only. It does not constitute financial or investment advice. Trading in financial markets involves significant risk, and there is no guarantee of profit.
You may lose more than your initial investment.
Please ensure that you understand the risks involved and only trade with capital that you can afford to lose.
Before making any trading decisions, consult a qualified financial advisor or conduct your own research to align with your risk tolerance and financial goals.
Past performance is not indicative of future results.
