GOLDMINI trade ideas
my gold prediction for future for buying and selling zone my gold prediction for future for buying and selling zone #xauusd
Upward Momentum Started. GOLDBased on the trend line drawn on friday around 2720$ , we can see that the upward trajectory has started.
On Monday, October 28, 2024, the U.S. economic calendar includes the following key events:
1) Pending Home Sales for September: Released at 10:00 a.m. ET, this metric provides insight into the real estate market, showing the volume of contracts signed for homes. It's often a leading indicator for upcoming home sales data.
2) Dallas Fed Manufacturing Index: Scheduled for 10:30 a.m. ET, this report assesses manufacturing conditions in Texas, a key region for both oil and broader manufacturing. It includes activity, capacity, and employment metrics in the manufacturing sector.
if the results are neutral or negative, expect gold to have extra boost upwards.
XAUUSD 4H | Liq. Grab or BOSXAUUSD on 4H chart shows a critical order block. Where liquidity may accumulate. Price could either respect the OB, indicating a bearish reaction and potential displacement lower or break of structure. Leading to a bullish expansion towards new ATH.
Watch for potential mitigation in this zone.
Market structure shift will clarify the next move.
Gold for the week starting 28th october 2024,"Buy above 2760, sell below 2649. Gold is currently trending bullish as recession fears loom globally, prompting investors to seek safe havens, increasing demand for gold. Given this sentiment, gold could potentially reach $3000 by February 2025.
Disclaimer: Please conduct your own research and analysis before making any investment decisions."
Gold until 2760 not break avoid buy Israel -Iran war priced in 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 in no trade zone. Technical Analysis
Trend line is on a slope. Such trend lines are more often to break and not hold support zones intact. Trend may turn downwards if usa gives any weaker news today.
Being Friday Investors may do mild profit booking which can bring gold to 2690 Levels .
BUY GOLDTrade is active on gold which was posted yesterday.. I will look for other opportunities if the price does not break the support level. I will monitor the market and wait
Xauusd SMC levels for 25-10-2024I have marked levels based on SMC for 25-10-2024
Above red line marked in chart look only for buy trades on lower time frame and below red line look for only sell trades on lower time frame.
Key order flow can act as a strong reversal zone.
blue or pink lines are weak support and resistances.
Thanks
Cheers!!
Gold portrays much-awaited pullback, focus on $2,710 & US dataEarly Friday, gold prices slipped after a brief bounce from a week-long support level, retreating from a point that has shifted from support to resistance. Traders are closely watching the September U.S. Durable Goods Orders. This movement highlights gold's defense against a mid-week rejection of a bullish trend, signaling the anticipated price pullback.
Sellers flex muscles
Gold is struggling to regain momentum, facing rejection from recent highs. With bearish signals from the MACD and an RSI close to 50, further declines in gold prices seem likely. However, strong support levels may challenge sellers' quest for lower prices.
Key technical levels to watch
In the past week, gold has seen multiple peaks and troughs, with the 50-day simple moving average (SMA) highlighting $2,715-$2,710 as a crucial support zone for sellers. Below that, the 38.2% Fibonacci Extension of gold's movements from September to October and the previous monthly high near $2,686 could attract bearish interest. Importantly, the upward-sloping trend line from early August and the 200-day SMA, around $2,657 and $2,638, respectively, will serve as final defenses for buyers before control shifts to sellers.
On the upside, gold buyers are looking for confirmation from the lower boundary of the bullish channel, around $2,753. A successful breakout could lead to a rise towards the recent peak of $2,758 and potentially up to the channel’s upper line near $2,790. The 78.6% Fibonacci Extension at $2,772 and the $2,800 mark are additional upside filters to watch for the XAUUSD bulls.
Bulls run out of steam
Despite several strong support levels, the anticipated strength of the US dollar after upcoming economic data and recent technical consolidations indicate a potential short-term decline in gold prices. However, the overall bullish trend remains intact unless prices fall below $2,638.
Gold yesterday both side move pattern negative 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 is in correction Gold price facing resistance at Fibonacci golden zone (2733-39: marked with red zone) and now moving towards the support area (green zone : at Wednesday low), under PDH and under resistance trendline sell is good towards the support area where price seems to be completing H&S formation and the neckline is at 2708-10 area, if price breakdown from H&S formation a good correction is expected.
On buying side we have to wait for breakout at PDH and breakout on the resistance trendline (Why Buying? because buying is still good if we go through the footprint chart ,if we watch last two days delta , the delta is negative but not strong enough to justify any deep correction as of now).
Xauusd looking good for short Gold is looking good for a downside in 1hr timeframe till daily FVG and if breaks then till daily demand. You can take entry on 5 min timeframe and manage your trade according to your risk reward.
#XAUUSD #Forex
#trading
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.
BUY XAUUSD at price 2700Price has broken the daily trendline. It shows that gold will continue to rise. According to Dow theory, gold prices may drop to 2700 before having a strong increase.
I will consider buying at 2700. If the price does not touch 2700, I will not buy gold. And of course I won't sell.
Profits are earned from waiting, not from trading
XAUUSD, H4 LongFrom a technical perspective, the overnight breakdown below a short-term ascending trend-channel support could be seen as a fresh trigger for bearish traders. Moreover, negative oscillators on hourly charts suggest that the path of least resistance for the Gold price is to the downside. That said, it will still be prudent to wait for a convincing break below the $2,700 mark before positioning for any further losses. The XAU/USD might then accelerate the corrective decline towards the $2,685 intermediate support en route to the $2,672-2,670 strong horizontal resistance breakpoint.
On the flip side, the ascending channel support breakpoint, around the $2,730-2,732 area, now seems to act as an immediate hurdle. The next relevant resistance is pegged near the $2,750 region, above which the Gold price could resume its well-established uptrend and climb further towards the $2,770-2,775 zone before aiming to conquer the $2768 round-figure mark.
GOLD XAUUSD BUYMy analysis shows me to buy at this rate.
R:R ------ 1:2
Price rejecting from the fvg
Learn to analyse by yourself
XAUUSDWelcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Xauusd SMC Levels 24-10-2024I have marked levels based on SMC
Above red line marked in chart look only for buy trades on lower time frame and below red line look for only sell trades on lower time frame.
Key order flow can act as a strong reversal zone.
blue or pink lines are weak support and resistances.
Thanks
Cheers!!
Gold on run for 20 $ rise. Today, several key economic events are happening in the U.S.:
Initial Jobless Claims (for the week ending October 19): This report provides insights into the health of the U.S. labor market by showing the number of individuals who filed for unemployment insurance for the first time.
Durable Goods Orders (September): This data reflects new orders placed with manufacturers for long-lasting products, such as vehicles and appliances. It offers a glimpse into manufacturing demand and overall business confidence.
Pending Home Sales Index (September): This measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, indicating the strength of the housing market.
These reports will give insights into economic momentum, labor market conditions, and business activity, which are all crucial for market participants and policymakers.
Additionally, the Federal Reserve's next policy meeting is scheduled for early November, where interest rate decisions will be discussed, making today's data releases significant for future monetary policy.
So now, Gold can climb high to 20 $ approx, if the economic event news are not in favour of USD and XAU will find a legit reason to climb up the ladder.
Gold : Finally taking a breakAs discussed in yesterday's gold update that gold was due for a correction , accordingly we have seen a good correction in yesterday's trading session. Last day price close with a bearish Engulfing candle from a key level (Weekly R1) and now the major support as per volume (2738-40) is going to act as resistance area, also if we draw Fibonacci levels for last day candle we have now to major resistance in higher side for gold, one is at 2733 and another is 2739, so for intraday under these levels we can look for sell opportunities and we can look 2700 or low as our target .CPR is also descending today , any breach from PDL can result in continuation into lower side.
XAUUSD 1H SELL PROJECTION 24.1024Reason for Bearish
1. Breaked Major Support 2720 yesterday and now retesting tthe breaked Zone
2. Rsi 14 below 50 and tends to be selling confirmation
3. Stochastic Overbiught in abobe 80 and 1h Bearish Movement
Over all Projection
XAUUSD SELL 2720-23
SL 2730
TP 1 2715
TP 2 2710
TP 3 2701
Gold if break 2708 then fall ,if break 2729 then go upDisclaimer -
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
