Trade active on XAUUSD/GOLDThere will be a big buy move after the retest. TRADE ACTIVE ON GOLD
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
XAUUSD trade ideas
XAUUSD July 8, 2024 Will the rising wave continue?
Nonfarm news last weekend with lower employment data than the previous period caused gold to have a strong increase in price to 2392.2, this price increase may need to continue a correction of wave 4 before completing wave 5. final increase.
Looking at H1 we see
Black wave 5 has exceeded our measured target and approached the 2392 area.
- So the next 5 waves are a correction. The corrective wave is a complex wave that is difficult to specifically identify, but we still take the ABC corrective wave as the standard for price observation.
The specific target of this corrective wave needs to be observed at least as waves A and B complete to be accurate, but from the current data I measure the target of the corrective wave ending at the price range 2363 or 2355.
These are the two price zones I expect to continue buying. We will continue to observe price behavior during the correction wave to more accurately determine the target price zones of the correction wave.
XAUUSD wave analysisXauusd currently near the resistance of 2365-2370
Two scenario from here :
Bullish scenario :
XAUUSD after making low of 2286 moving 3-3-3 waves till now
(a) wave completed from 2286 to 2368 (moved in 3 zigzag move up)
(b) wave completed from 2368 to 2293 (moved in 3 zigzag move down)
now
(c) wave started from 2293 to till now made high near 2365 ( internal wave a=wave b target done .
wave (c) can be 3 zigzag move abc which seems completed or it can be 3-3-5 up move
if wave (c) is in 5 wave than upside target is 2393.
Bearish scenario:
XAUUSD after making low of 2286 than moving 3-3-3-3-3 waves in triangle pattern.
of which wave abc completed
and wave d can be down in zigzag move for target of 2320-2310
Note : if it is bullish than gold should not go below 2340.
for bearish scenario one should wait for sturcture to change from HH-HL TO LH-LL
Gold XAUUSD sell recommended 2390 hold sell trade 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 Continues to Trend UpwardsGold ended Friday's trading session on a positive note following the release of key economic data from the Non-Farm Payroll report, which indicated weak data for the USD, gold prices surged immediately after breaking through the 236x resistance zone.
Observing the H4 chart, we can clearly see the upward trend in gold prices. There is a notable double bottom pattern, targeting the 2,40x level. However, achieving this target will require support from sellers to push the price up to that range.
The uptrend is expected to continue this week, but we should wait for a slight pullback for a retest before the price makes a strong upward move.
Gold holds high around peakGold costs are predicted to growth due to the fact hobby prices will decrease and the USD will weaken. Gold costs are trying out degrees above 2,four hundred USD/ounce. Indicators display that gold costs have an upward trend.
Gold costs are predicted to preserve to growth withinside the close to future. Gold rate for August shipping is coming near 2,four hundred USD/ounce.
World gold rate opened at the start of the week at 2,326.seventy two USD/ounce, preserving withinside the variety of 15 USD on Monday and Tuesday sessions. On Wednesday, a chain of monetary records announced, global gold rate elevated to 2,363.77
The US Federal Reserve (Fed) remains the point of interest of interest. Fed Chairman Jerome Powell testified with the Senate Banking Committee and the House Financial Services Committee.
The marketplace may also pay near interest to americaA CPI in June, weekly unemployment claims, and the University of Michigan`s initial survey of patron sentiment.
It is expected that XAU price will continue to increase in the fThe market will also pay close attention to US CPI in June
This morning, world gold prices are still trading around the high mark of last week's session.
The world gold market will likely be more exciting this week
Currently, optimism is covering the gold market, as recent data shows cracks in the US economy, a weakening US labor market and falling inflation.
The market is expected to increase due to expectations of interest rate cuts
According to analysts, gold prices have traded between $2,285-2,448 per ounce since early April, which has created firmer support and resistance levels.
GOLD SETUP TRADE WIH 1:6 RISK REWARDGOLD SETUP TRADE WIH 1:6 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 15M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
GOLD SETUP TRADE WIH 1:6 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 30 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
4. a range breaking on 30m chat
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
XAU/USD 4H Analysis: Approaching Sell ZoneThis XAU/USD 4-hour chart identifies key market structure levels and potential sell zones. Key observations include:
.
Market movement also depends on fundamental news impacting gold prices.
XAUUSD 08/07/2024 Monday market opens will check the scene!Gold is currently trading around $1,900 per ounce, approximately $100 higher than its opening level in the second quarter of 2024, having reached a new all-time high in mid-May. The global interest rate environment has seen anticipated rate cuts fail to materialize, particularly in the United States, as inflation persists above the forecasts of various central banks. Central bank purchases, especially from China, have shifted the supply-demand balance in favour of higher prices. However, any pullback in demand could leave gold vulnerable to downside pressure. Additionally, the political risk premium that had supported gold has diminished, although it may resurface at any moment, especially with several high-profile elections on the horizon. Gold traders will have numerous factors to monitor closely in the third quarter.
XAUUSD clear signs of buys!Gold is currently trading around $1,900 per ounce, approximately $100 higher than its opening level in the second quarter of 2024, having reached a new all-time high in mid-May. The global interest rate environment has seen anticipated rate cuts fail to materialize, particularly in the United States, as inflation persists above the forecasts of various central banks. Central bank purchases, especially from China, have shifted the supply-demand balance in favour of higher prices. However, any pullback in demand could leave gold vulnerable to downside pressure. Additionally, the political risk premium that had supported gold has diminished, although it may resurface at any moment, especially with several high-profile elections on the horizon. Gold traders will have numerous factors to monitor closely in the third quarter.
XAUUSD SELL LIMIT PROJECTION 07.07.24Probably not, but it may continue to trend upward over the long run, interrupted by pullbacks and bear markets. It’s important to note that gold prices have historically been volatile and have fluctuated quite a bit over time. The price of gold, like any other commodity, is subject to the laws of supply and demand. When the supply of gold is low and demand is high, the price will rise. Conversely, when the supply of gold is high and demand is low, the price will fall. Additionally, other factors like interest rates, inflation, currency value, geopolitical events, and economic conditions can have an impact on gold prices.
BUY XAUUSDThis is due to the fact that I am looking to buy . A trend that is heading in a strong DEMAND ZONE. NFP news is also Negative for USD, which means gold is in a strong uptrend. It is not advisable for traders to enter trades without confirmation from lower time frames.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice.
Gold XAUUSD buy given at 2300, 2391 cmp book profit on MondayDisclaimer -
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 XAUUSD buy given at 2300, 2391 cmp book profit on MondayDisclaimer -
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 SETUP TRADE WIH 1:5 RISK REWARD it will be OSM moveGOLD SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on XAUUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
4. also in day chat its showing its trying to break the 1d big trendline
it will consolidate here but after breakout the upcoming move will be OSM
With a small amount
Stay connected
Stay happy
Bande mataram
GOLD SETUP TRADE WIH 1:6 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BULL MOVE due to these reason
1. It's following THE 60 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bullish pressure
Just grab out will your own risk
With a small amoun4. also in day chat its showing its trying to break the 1d big trendline
it will consolidate here but after breakout the upcoming move will be OSM
With a small amountt
Stay connected
Stay happy
Bande mataram
