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GOLDMINICFD trade ideas
Gold buy given at 2360 high 2410 next 2419, 2434 ,2445, 2473Disclaimer -
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
BUY XAUUSDThere will be a big buy move after the retest. Following the retest, I am looking to buy gold and am waiting for confirmation within a shorter period of time.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
2370 Critical Zone Make or BreakSince I've been grounded for posting frequent updates, by the Mods, My Analysis updates won't be frequent like before.
Yeilding to the request of many.
I'll continue to post weekly analysis.
Crucial zones have been marked.
Trade accordingly.
See you outside these zones
Happy Weekend 👍
GOLD NY SESSION UPDATEGold Intraday: intraday support around 2378.00.
Pivot:
2378.00
Our preference:
Long positions above 2378.00 with targets at 2395.00 & 2403.00 in extension.
Alternative scenario:
Below 2378.00 look for further downside with 2370.00 & 2363.00 as targets.
Today trend gold is bullishI think gold will move up side and USA data come negative and i think gold entry around 2392.00 TP 1 2408.00 TP 2 2402.00 TP 3 2408.00 Stop loss around 2387.00 market some volatile then news come so please make your sl is where then data will release. Time remaing around us data 2 hour 15 minutes left so please be care full today in news data .
Here is Intraday TimeAs there is CHoCH at 15min And it is Bearish At 4hr , SO here is our Chance for Short OANDA:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD BLACKBULL:XAUUSD
selling opportunity from herehere from order block we can take the trade of sell the order block is on 1h time frame with clean range
XAUUSD 7/30/2024 How far will the price go?
After the 5-wave downtrend structure, we are witnessing an increase from 2354 to 2402
- So we will have 2 cases either the 5-wave downtrend structure has completed wave C then we have the current increase as a 5-wave structure, case 2 is the 5-wave downtrend structure above has just completed wave 1 in the 5-wave structure of wave C so the current increase is wave 2 and will have an ABC wave structure.
- We will have an important price to confirm that is the price of 2402, both cases need the price to break out through 2402. After the price breaks out through 2402 and the price returns below 2402, then we will lean towards the current situation being just a correction wave 2 in the 5-wave structure of the purple wave C. If the price breaks out through 2418, we will lean towards the possibility that this is a 5-wave increase structure and the possibility that the price will break through the peak of 2433.
So at the 2418 area, this is the current area containing a large amount of supply, which will be a strong resistance level for the price, so when the price touches this area, there will be a reaction, and we will choose this area as the SELL target
Trading plan
SELL ZONE: 2415 -2418
SL: 2425
TP1: 2402
TP2: 2390 TP3: 2374 BUY ZONE: 2357 - 2354 SL: 2347 TP1: 2365 TP2: 2374 TP3: 2382
XAUUSD 1H Sell Projection Customs duty cuts: The Indian government announced cuts to customs duty on gold in the Union Budget 2024, reducing it from 15% to 6%.
Concerns over demand in China: Demand for gold in China may also have contributed to the price drop.
Better-than-expected US data: Better-than-expected US Q2 GDP and jobless claims data may have also put downward pressure on gold prices.
XAUUSD 7/29/2024 Is the uptrend over?
Looking at H1, we can see that the corrective uptrend may have ended.
- The price will continue to move in a downtrend to complete the purple wave C as shown on the chart.
During the move to the target price zone of wave C, we see that at the 2374 treble line, this is the previous breakout price zone and has not been retested, so there is still a very strong demand force in this price zone.
- We expect the price to bounce back to the 2374 zone, so we will place a BUY order in this zone.
Trading plan
BUY ZONE: 2376 - 2373
SL: 2366
TP1: 2382
TP2: 2400
TP3: 2410
SELL ZONE: 2314 - 2417
SL: 2424
TP1: 2401
TP: 2382
TP3: 2365
BUY XAUUSDThere will be a big buy move after the retest. Following the retest, I am looking to buy gold and am waiting for confirmation within a shorter period of time.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
Falling Wedge pattern madeFalling Wedge pattern it is made. So follow the rule of pattern and set SL. We will think latter about profit.
GOLD NY SESSION UPDATE
Gold Intraday: intraday support around 2380.00.
Pivot:
2380.00
Our preference:
Long positions above 2380.00 with targets at 2403.00 & 2415.00 in extension.
Alternative scenario:
Below 2380.00 look for further downside with 2365.00 & 2353.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited
XAU/USD Over Roll trend Down Gold trend is weak i think and low demand in market and gold break out below 2387.00 then we should go for Sell on chart and stop loss around 2400.00 TP 1 around 2385.00 and TP 2 2380.00 TP 3 2365.00 after TP 2 Make enter SL.
