Gold at $2906: What Next?Gold has made a new All Time High at $2906 and the market is likely to pause uptrend and initiate a retracement towards support zone 2888 followed by 2875-2870 Next support may come at 2855-2850 Break above 2906 may extend bullish advance towards 2920Shortby SunilKumarDixitSKCharting3
GOLD Trading Plan for 11th February 2025Buy Signal: Entry Point: Buy above the high of the one-hour candle that closes above 2924. Targets: 2930, 2939, 2947 Sell Signal: Entry Point: Sell below the low of the one-hour candle that closes below 2892. Targets: 2976, 2862, 2854 Explanation: Buy Signal: Entry Point: When the one-hour candle closes above 2924, observe the high of that candle. Place a buy order above this high to capitalize on the bullish trend. Targets: The first target is 2930, followed by 2939 and 2947. These levels represent potential profit-taking points as the price continues to rise. Sell Signal: Entry Point: When the one-hour candle closes below 2892, observe the low of that candle. Place a sell order below this low to capitalize on the bearish trend. Targets: The first target is 2976, followed by 2862 and 2854. These levels represent potential profit-taking points as the price continues to fall. Strategy Summary: Buy: If the high of the one-hour candle that closes above 2924 is breached, consider buying with targets at 2930, 2939, and 2947. Sell: If the low of the one-hour candle that closes below 2892 is breached, consider selling with targets at 2976, 2862, and 2854.by ramkkyy3
After Gold new ATH 2887, What Next?Gold appears to have formed a local supply zone at 2870-2875 and as long as this zone is intact, expect further retracement towards 2850-2830 If selling pressure continues below 2830, decline towards 2810-2780 On the flip side, strong consolidation above 2875 will resume uptrend to retest 2887 and extend bullish advance towards next leg higher 2895Shortby SunilKumarDixitSKCharting555
XAUUSD as said earlier until 2917 not break uptrend will remain How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 20.2% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 20.2% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 20.2 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 10.1% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 20.2% , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistanceLongby EquityCommodityForexJaiprakash2
GOLD - RETEST OF TREND SUPPORT BEFORE DATA & NEWS FLOWSymbol - XAUUSD Gold is currently exhibiting a false breakdown of the lower boundary of its consolidation range and the support for its uptrend within the ongoing correction. Traders are awaiting the release of the S&P Global PMI indices in the United States. The price of gold has retreated from its record high of $2955, yet it still maintains the potential for further upward momentum. The recent decline can be attributed to profit-taking as market participants prepare for the upcoming release of the S&P Global PMI indices in the U.S. The PMI data may influence market expectations regarding potential interest rate cuts by the Federal Reserve. However, any potential price decline driven by strong PMI results could be short-lived, particularly if President Trump's new tariff proposals reignite demand for safe-haven assets. Although gold may continue to experience correction, any downward movement is likely to be perceived as a near-term buying opportunity. Key resistance levels: 2933, 2939, 2946, 2955 Key support levels: 2924, trend support A false breakdown of the uptrend support is in progress. If the bulls manage to defend the key support area, gold may continue its ascent in the short to medium term. However, the short-term outlook is contingent on upcoming news.Longby akshit_officialUpdated 6
Where can GOLD go next week?Beginning of next week GOLD is likely to trade between 2955-2960 resistance and 2920-2915 support zone. Breakout of the range will open the next course of price action. by SunilKumarDixitSKCharting0
XAUUSD Key levelsDear traders, here are the important pivot support zone of XAUUSD (15m), based on previous day movement and market trend, candles taking support at S1 pivot level it represents short time intraday buy direction. Note: Intraday view only Entry : 2931.46 Target :2941.46 Stop loss:2921.46 RRR 1:1Longby ramprakashmpUpdated 1
Short side Idea for XAUUSDas we can see after finishing 5 wave Gold enter in corrective wave in bigger time frame where A and B wave is completed and now B to C wave is left where as per trend base FIB provide me possible downside area next week i am looking forward to catch this B to C wave.Shortby MeghalTrivedi0
XAUUSD as said earlier until 2917 not break uptrend continue How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 20.2% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 20.2% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 20.2 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 10.1% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 20.2% , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistanceLongby EquityCommodityForexJaiprakash2
XAUUSD GOLD Analysis on(21/02/2025)#XAUUSD UPDATE...!!! Current price - 2920 If price stay above 2905, then next target 2940,2960 and below that 2890 Plan;If price break 2920-2915 area, and stay above 2920,we will place buy order in gold with target of 2940 and 2960 & stop loss should be placed at 2905 by karthifx171
Short Entry - XAU/USD - short entry activated Retest area - 2925.60 TP- 2907.10 TP- 2902.30 TP - 2900.30Shortby mehul_mamgain960
Gold XAUUSD 2983,3020 upside Target support 2910How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 20.2% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 20.2% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 20.2 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 10.1% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 20.2% , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistanceLongby EquityCommodityForexJaiprakash1
XAU#18: Latest Update: Gold Price Continues Its Upward Journey?💎 💎 💎 OANDA:XAUUSD once again surpassed a new peak. However, there was a slight correction yesterday. So let's analyze whether OANDA:XAUUSD will continue to set a new peak today: 💎 💎 💎 1️⃣ **Fundamental analysis:** 📊Gold exports from Singapore to the US increased dramatically. Gold futures prices on the New York COMEX floor are higher than physical gold prices in London, promoting the flow of gold from other markets into the US to benefit from this difference. 🔴Fed meeting minutes | No rush to cut interest rates, consider slowing down or pausing the balance sheet reduction. Interest rate policy: The Fed kept interest rates unchanged (4.25%-4.50%) and has no plans to cut interest rates soon. The first cut is expected in July or later. 🚀 There is a turning point in the ceasefire between Russia and Ukraine, and investors are betting ahead! Investors are positioning for an early end to the Russia-Ukraine conflict after US President Donald Trump and Russian President Vladimir Putin discussed the issue. 📌Overall, we can see that the fundamentals are not supporting the gold price increase. However, the gold price increase is still coming from the uncertainty about US tariff policies and concerns about the weakening economy. 2️⃣ **Technical analysis:** 🔹 **D frame**: the previous day's increase is currently a bit hesitant like yesterday's candle. However, gold is still in a strong uptrend. 🔹 **H4 frame**: the bullish price structure is too clear. We had a slight correction at the end of yesterday but recovered immediately afterwards, showing that market sentiment is still very optimistic about the prospect of gold's increase. 🔹 **H1 frame**: Looking at the chart, everyone can see that H1 is temporarily in a decreasing channel. However, the decreasing structure has not been confirmed. The price can still accumulate and bounce to break the peak at any time 3️⃣ **Trading plan:* ⛔ The current price structure is still supporting the bulls, but we also need to pay attention to important information at this time about the Russia-Ukraine war. If there is official information about the ceasefire agreement, it will cause gold prices to decrease. ✅ Prioritize BUY following the main trend. The target of the 3000 area from previous articles analyzed is very close. You can refer to the plan in the H1 frame to set up a position 💪 **Wish you successful trading!**by TonyL0ng0
GOLD SWING TRADE SELLING PRESSURE VALID NEAR monthly R2Gold has been very bullish since last 1 year ,on monthly basis strong momentum still present. but on weekly gold now in consolidation phase. selling after a fake break out with good risk reward . Not intraday set up. watch out for break above the level and may change to bull run on long term..by NishadForexUpdated 1
XAUUSD| Trading Strategies, February 19🔴Upper resistance level: -First: 2940-2942 -Second: 2946-2952 -Third: 2960 🟢Lower support level: -First: 2924-2931 -Second: 2915-2920 -Third: 2905-2907 ✅Trading strategy: -Go long with a light position when the price falls back to 2912-2920, target 2946-2950 -If it breaks through 2946, go long when the price falls back to 2930-2935, target 2960 -Focus on the breakthrough of the 2939-2940 range, as there will be a chance to hit a new high only after an effective breakthrough by GoldMasterTraderX1
XAU/USD Price action trading is a technique where traders read the market and make trading decisions based on the current and actual price movements, rather than relying on technical indicators. 1 They believe that the price and its movements can be the only trustworthy source of information.by Forexlia0
XAU#17: Is FOMO Trading Wrong Now? See Detailed Analysis Now! 💎 💎 💎 As analyzed in article #16, OANDA:XAUUSD tested the peak area. Immediately after the end of the weekend session, we witnessed a strong correction. Based on that reaction, we will plan the next step for FOREXCOM:XAUUSD :💎💎 💎 1️⃣ **Fundamental analysis:** 📊 US retail sales in January fell the most in nearly 2 years. The data released caused gold, US bond yields and the USD index to fall simultaneously 🔹Trade risks are reduced as Trump requests to review tariff policies. 🚀The Russia-Ukraine war has positive developments regarding the ceasefire. 📌 The US economy is currently showing negative and declining signs. The tariff policy that causes the trade war has not shown any signs of cooling down, which will push prices up. 2️⃣ **Technical analysis:** 🔹 **Frame D**: Friday closed with a bearish engulfing candle. Before that was a pinbar. There is a high possibility that we will have a correction for gold. 🔹 **Frame H4**: The short-term trendline seems to no longer have the support effect as in the previous correction. We will look at the next support zone in the H1 frame 🔹 **Frame H1**: As you can see, H1 is in a correction phase. The bullish price structure has not been completely broken, but with this momentum, it is only a matter of time. 3️⃣ **Trading plan:* ⛔ The price is in a strong correction phase in the last trading hours ending the weekly candle without any recovery point. We may face high risks if we FOMO BUY or SELL at this time. ✅ There is a high possibility that we will have a correction phase to the support zone below. We can consider the price reaction at the important support - resistance zones that I marked on the chart to wait to establish a trading position. 💪 **Wishing you success in making profits!**by TonyL0ng1
Gold Bearish M pattern active, 2830-2825 1st Target, How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistanceShortby EquityCommodityForexJaiprakash1
Gold Technical Analysis, February 13 📊Yesterday, gold showed a V-shaped reversal trend as expected. It fluctuated downward under pressure during the Asian and European sessions. It rebounded strongly after hitting the low of 2864 in the early stage of the US session. We also notified VIP members in time to arrange long orders near 2862-2865. Finally, the daily line closed with a real K-line with a long lower shadow of 13 US dollars, and closed back above the 2900 mark (2909). 📊The 4-hour chart shows that the lower track of the rising channel 2863 area confirmed effective support, MACD zero axis golden cross and green kinetic energy column converged. The upper pressure is 2918 (Fibonacci 38.2% retracement level) and 2930 (previous high + 50% retracement level) double resistance. From the 1-hour chart, the rising trend line support moved up to 2895, forming a resonance support area with the MA60 moving average. Today, we will focus on the fluctuation of the 2885-2925 price range. 🔴Upper resistance level: -First: 2910-2912 -Second: 2924-2926 -Third:2934-2942 🟢Lower support level: -First: 2905-2900 -Second: 2896-2894 -Third: 2885-2881 ✅Intraday trading strategy Today, the main strategy is to go long. We can use the pyramid method to build positions in batches at the lower support level, and the target can be seen at the upper resistance level.by GoldMasterTraderXUpdated 1
Gold XAUUSD bought at 2883 booked at 2918 ,35 points profit How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st D point : 0% is recent top or bottom. Trailing SL: 17.5% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 17.5% then early or risky traders can reversal trade , Targets : Target T1 : 28.3% Target T1 : 37.8 % Target T3 : 48.1% T3: 60.2% to 66.9 % is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Next Targets are 77.5 % , 88.1 % 100% , 113.5 % , 127.3% , 141.2% and 160.2 , 177.5. final Target 200% 160.2 to 177.5% if profit booking area so book full profit and wait for reversal. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 17.5 % or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 9.3% ) is used for re-entry then SL recent high or low Point D ( 0% ) . Target is same as early 17.5 % , 28.3 , 37.8 and so on Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistanceLongby EquityCommodityForexJaiprakash1
Gold achieves V-shaped reversal as expected📊The weekly level maintains an upward channel, the daily EMA5 (2892) and EMA10 (2885) form a bullish arrangement, and the MACD indicator continues to be blunt above the zero axis. The 4-hour chart shows a top divergence correction, but it has not effectively fallen below the upward trend line. The V-shaped reversal forms a classic short trap (the trading volume is enlarged to 120% of the monthly average) 🔴Upper resistance level: 2908-2912 🟢Lower support level: 2875-2880 ✅Trading strategy: sell high and buy low in the volatile range 2880-2908 by GoldMasterTraderXUpdated 1
Gold Technical Analysis, February 12 📊The gold daily chart closed with a medium bearish candlestick featuring a long upper shadow, indicating strong selling pressure at higher levels. Today, we will focus on whether this negative line can continue the downward trend. If the price falls further, a periodic high will most likely have been formed. Whether it breaks the high in the future needs to be confirmed by subsequent trends. From the trend structure, the gold price rebounded after stepping back on the four-hour short-term moving average several times in the early stage, and rose again, but the current daily continuous positive structure has been destroyed, and the probability of breaking down has increased. Therefore, before the European session, we need to focus on the gains and losses of the 2880 support. 📊From the 4-hour chart, yesterday's retreat to the middle track of the Bollinger Bands received certain support, rebounded to the 2908 line under pressure, and closed lower at the end of the day, indicating that the short-term bulls are insufficient and the market has entered a high-level shock correction stage. At the same time, with the space retreat, the structure has changed. Combined with the trend of the daily line rushing up and falling back, there is still a lot of room for further adjustment. In addition, the MACD indicator shows a top divergence, indicating that gold has a strong demand for adjustment. Due to the large base of recent fluctuations, the profit space for this round of adjustment may be considerable. 📊In the short term, the gold 1-hour moving average is about to form a death cross. If the death cross is established, gold will fall further. The early rebound to the 2900 line failed to break through the pressure, indicating that short-term bears are still dominant. In terms of trading strategy, we can go short on rallies after rebounding to the 2895-2898 area. 🔴Upper resistance level: - First: 2898-2900 - Second: 2908-2912 -Third: 2920-2925 🟢Lower support level: - First: 2882-2880 - Second: 2862-2852 -Third: 2842-2838 ✅Yesterday's trading was perfect! We accurately captured the low point of the market, and the long orders almost went all the way from the lowest point to the highest point, steadily reaping a generous profit of nearly 200 pips. This is not only an accurate grasp of the market rhythm, but also a perfect embodiment of strategy execution. ✅During the trading process, we recommend the use of pyramid positions to steadily expand profits, while strictly controlling risks, so that profits can run while keeping funds safe. Today, we will still keep up with the market rhythm during the trading session to ensure that every entry is accurately judged and fully analyzed, and every transaction is done with confidence, striving to maximize every profit and make trading more calm and controllable! by GoldMasterTraderX1
xau/usdPrice action trading is a method of trading that relies on the interpretation of price movements, rather than technical indicators, to make trading decisions. It's based on the idea that historical price patterns tend to repeat themselves, and that by understanding these patterns,by Forexlia2