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GOLDMINI trade ideas

XAUUSD 5/8/2024 correction is over? Looking at H1 we see the ABC correction wave structure. Looking at the ABC correction model, we see that we are likely to have an unusual correction model, when wave C does not exceed wave A. - So now we need to observe to confirm whether the correction wave has ended - The confirmation condition is that if this downtrend closes above the 2413 zone, then we have the price entering the uptrend wave and then the target price zone is the 2500 zone. Currently we have a trading plan SELL ZONE 2456 - 2459 SL 2466 TP1: 2447 TP2: 2442 TP3: 2433 BUY ZONE: 2426 - 2423 SL: 2416 TP1: 2433 TP2: 2442 TP3: 2455
OANDA:XAUUSDLong
by DEEKOP
1
XAUUSD 15 min analysis- Buy signal with 1:2 RRI'm recommending a buy for XAU/USD at $2440, with a stop-loss set at $2430 and a take-profit target of $2460 to achieve a 1:2 risk-reward ratio. The 15-minute chart shows a short-term upward trend with solid support at $2440 and resistance around $2450. Volume spikes on upward moves indicate strong buying interest. This trade is supported by the broader bullish trend observed in daily, 4-hour, and 1-hour charts. Keep an eye on economic news and geopolitical events that could impact gold prices.
OANDA:XAUUSDLong
by ritvik88
1
Gold will go up again buy on dip sl 2410 Target 2479, 2509,2544Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
Gold will go up again buy on dip sl 2410 Target 2479, 2509,2544Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
GOLD UP DIRECTION MOVEMENT READY Geopolitical tension will be key to determine Gold prices. Our Spot #Gold Range Prediction from 05/08/2024 to 09/08/2024 is as under. Next week can be highly volatile due to contract expiry. Gold Spot : 2406$-2502$ Gold INR : 69100-71850 Our Spot #Silver Range prediction from 05/08/2024 to 09/08/2024 is as under. Silver Spot: 28.12$-30.01$ Silver INR: 81150-86600 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
OANDA:XAUUSDLong
by santoshshukla1996
1
Today trend gold is bullishToday market open after get 20 Point moves up ISRAIL and HAMAS war and may be gold will move more up because USA also include in war that why Gold may be move up market open around 2438.00 and make high around 2468.00 and Indian time according 6:00 PM HIGH impact news like NFP ( NON FARM PAYROLL ) gold start manipulation to people and my scenario gold will pump more upside but gold break today low 2438.00 and close a candle with strong move definitely we gone for sell in gold.
FXOPEN:XAUUSDLong
by NaviPips
XAUUSD IDEAThe dollar is in a sideways range ahead of the news, which generally indicates a neutral mood among traders. Strong news can either renew the dollar's decline, which will be favorable for gold, or have the opposite reaction, so it is necessary to look at the actual data. Technically, the gold is approaching the ATH and there is a high probability that the price will not only test the high, but also update it. In general, the fundamental and technical background is positive this week and I think that in the short and medium term we should wait for the continuation of growth. Resistance levels: 2468, 2475, 2483 Support levels: 2451, 2440, 2430 Gold reduces volatility before the news as speculators go into wait-and-see mode. High volatility is expected, on this background the price may test the support before further growth. But if the resistance of 2483-2475 is broken at once, the price may go to 2500-2550.
FXOPEN:XAUUSD
by FOREXRSMV
Gold resistance we can sell with sl 2482 also bought at 2360Disclaimer - 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
OANDA:XAUUSDShort
by JaiPrakashShuklaHarmonicTrader
Gold buyers keep eyes on US NFP, inverse Head and ShouldersEarly Friday, Gold price reverses the previous day’s pullback from a two-week high as traders await the US monthly employment data for July. That said, the recent bias supporting the US Federal Reserve’s (Fed) frequent rate cuts in 2024 allowed the precious metal to remain firmer within an inverse Head and Shoulders (H&S) bullish chart formation. Apart from that, the bullion’s successful recovery from the 50-SMA, bullish MACD signals and upbeat RSI conditions also underpin the upside bias about the spot Gold price known as the XAUUSD. With this, the Gold price appears well-set to rise within the aforementioned bullish chart formation. The same highlights a five-week-old support-turned-resistance line surrounding $2,480 as an immediate upside hurdle. Following that, the neckline of the head and shoulders pattern, close to $2,494 by the press time, quickly followed by the $2,500 threshold, will be crucial to watch. In a case where the quote manages to stay firmer past $2,500, it becomes capable of aiming for the theoretical target of the inverse H&S formation, namely the $2,700 psychological magnet. On the contrary, Gold buyers remain hopeful unless the quote breaks an upward-sloping support line from mid-February, near $2,381. Also restricting the bullion’s short-term downside is the 50-SMA support of around $2,365. In a case where the precious metal stays weaker past $2,365, it defies the bullish chart formation and becomes vulnerable to drop further toward the lows marked in June around $2,280. That said, the $2,300 and May’s bottom of $2,277 will act as additional supports to watch during the XAUUSD’s further downside. To sum up, the Gold price remains in the bullish trend and signals further advances ahead of the key US employment data comprising the widely known Nonfarm Payrolls (NFP). Hence, the scheduled data’s capacity to harm the XAUUSD buyers appears limited even with the upbeat outcome.
OANDA:XAUUSD
by MTradingGlobal
GOLD - Looking Bullish! - Here's WhyMONTHLY TF: WEEKLY TF: DAILY TF: Overview & Observation: 1. Higher time frame gold is in a bullish trend. 2. Prices failed to form lower low showing strength in buying, confirmation still pending. 3. Channel breakout will be expected to get the confirmation on the long side. 4. Currently trading in a demand zone. Untill that is broken bullish view will be intact. Trade Plan: 1. Long position can be made only after confirmation that is still pending. 2. Above 2348 levels price should sustain for longs. - Stay tuned for further insights, updates and trade safely! - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
TVC:GOLDLong
by SuperNova396
XAUUSD 1/8/2024 after FOMC news? Looking at H1, we see that after this morning's FOMC news, we see that XAU has increased to the 2458 zone - As I analyzed in the previous plan, when the price breaks through the 2402 zone and then tests again and does not fall below this zone, the price will continue the 5-wave trend instead of the 3-wave ABC. - Regarding the trend, after the price follows the 5-wave model, the next wave target is the 2500 price zone as analyzed before. - Looking at the present, we see that wave 3 in the blue 5-wave structure is completing, and the price has now started blue wave 4 - Measuring the wave 4 target, we have the price zone of 2433. This will be the price zone we are waiting for as a BUY target - The target of wave 5 will be specifically determined by me after wave 4 is formed. With the current data, I am expecting wave 5 to end at the price zone of 2500 Trading plan BUYZONE: 2433 - 2430 SL: 2423 TP1: 2422 TP2: 2450 TP3: 2465 SELL ZONE: 2467 - 2470 SL: 2477 TP1: 2450 TP2: 2422 TP3: 2433
OANDA:XAUUSDLong
by DEEKOP
Will GOLD take Support & Return to Bullish Trend ?Symbol - XAUUSD Gold is entering the correction phase after a breakout failure scenario of ascending channel resistance and the previous ATH. The fundamental background is changed by Thursday's news that supported the dollar index. Overall, the structure & environment on is still bullish. If the price finds a strong support in the near future, for example 2390-2400, this area may get the status of an intermediate bottom, thus forming a new trading range. There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar (DXY), which is generally favorable for gold, which may soon return to the bullish trend phase. The price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance, make a double bottom & may test channel resistance in future.
OANDA:XAUUSDLong
by akshit_official
Gold holding buy @2360 , 74 points profit 2470, 2515 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
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader