XAUUSD.P trade ideas
Gold in range if break 2650 then buy if break 2630 then sellDisclaimer -
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
Interested selling zone in Gold (XAUUSD)In recent days, a great selling move was seen in gold, which we have already discussed. If seen from the current point of view, there is a high chance of selling coming from this zone. After displacement , a best trade will be made from here on the down side .
XAUUSD_15MXAUUSD_15M BULLISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
Gold on Buying Zone again. but consolidation phase is on yetPositive delta on negative candles = 1st proof of buyers on accumulation zone.
5 days of past week all on buyers interest as net positive delta count on candle close.
this week 1 single candle showing 50$ + selling candle shows buyers booking profit and sellers trying to add new selling pressure on Monday. but post Tuesday, we see positive delta on candle close on daily basis this again shows, buyers entering accumulation zone, with prices on consolidation zone.
Buy side opportunity is seen with high priority.
sell setup in XAUUSDOn gold, in the 15-minute chart, the trendline has been broken and retested, and the price has also hit a key level. Now, the market could either form a head and shoulders pattern and drop, or it might just move according to the break and retest of the zones.
#GOLD XAUUSD Analysis on(28/11/2024)#XAUUSD UPDATEDE
Current price - 2649
If price stay below 2660,then next target 2625,2605 and above that 2686
plan; If price break 2648-2654 area, and stay below 2650,we will place sell order in gold with target of 2625 and 2605 & stop loss be placed at 2660
LONG XAU 28.11BULLISH DIVERGENCE APPEARS WITHIN A PARALLEL CHANNEL
Stoploss, entry as shown. I hope we jump on the right train this time.
LFG
Gold price analysis November 27Fundamental Analysis
Gold prices rose above overnight gains from the $2,600 region, or a one-week low, and gained some follow-through positive momentum for the second consecutive day on Wednesday. Concerns over persistent geopolitical risks stemming from the protracted Russia-Ukraine war and US President-elect Donald Trump’s tariff plans turned out to be the main factors driving safe-haven flows into the precious metal.
In addition, a subdued US Dollar (USD) price action lifted Gold prices to a two-day high around $2,645 heading into the European session. However, the prevailing risk-on environment, prospects of slower rate cuts by the Federal Reserve (Fed) and rising US Treasury yields kept the yellow metal in check. Traders now look to key US inflation data for fresh impetus.
Technical analysis
The immediate resistance that gold is aiming for is 2648-2650, pay special attention to this price zone. If we can break this zone, we will wait for retests and BUY to the main resistance zone today at 2658-2660. In case the European session cannot break 2650, our strategy will be to SELL Gold, expecting it to reach 2634.
Gold: Sell on the rise is working and still good Gold: Sell on the rise is working and still good , yesterday price failed to re claim 2650 on higher time frame and rejected from there on daily time frame and now price re visiting the support level:2625-28, breakdown from here can result in good decline in lower side so sell on the rise is still good for Intra day.
Gold DowntrendBased on the 1-hour chart of gold trading against the USD, I see a few key points for investors to pay attention to. After a strong rally, gold has seen a significant drop, with the price breaking below both the 34 EMA and 89 EMA, suggesting that a short-term downtrend may be forming.
From a technical perspective, the crossover between the two EMAs has previously been a sign of a trend change, and the current price holding below these lines suggests that selling pressure may continue. This rapid decline could be the result of investors taking profits after the price reached new highs.
Gold Prices Rise Steadily, Testing the 2,658 USD/oz LevelGold prices increased for the third consecutive session, reaching a one-week high of 2,647.43 USD/oz on November 20, supported by its role as a safe-haven asset amid escalating tensions between Russia and Ukraine. However, the rally was capped by a recovering USD, making gold more expensive for international buyers.
The 2,551 level has been confirmed as strong support after two successful tests, prompting a sharp rebound. The 2,658 level is the next immediate target for prices to break, while the 2,789 zone is the next potential peak if the bullish trend persists.
Following a significant correction from the previous high, gold may form a double-bottom pattern around 2,551, signaling strong buying pressure. Currently, prices are testing the 2,658 resistance level and show signs of continuing the upward trend if this level is breached. If a pullback occurs, the 2,652 zone (EMA 34) will serve as an essential support level to watch.
Technical analysis of XAUUSD chartDear friends, it's Samson here!
Flag Pattern: The chart showcases a well-formed flag pattern, a classic bearish continuation signal.
Target Projection: Using the height of the previous wave 3 of the flagpole, the pattern's target is forecasted to be around $2,553.
Fibonacci Levels: The price is at a level corresponding to the 0.618 Fibonacci retracement at $2,637, a strong bearish signal, with the next resistance near $2,647 (0.5 Fibonacci retracement).
Breakout Confirmation: A breakout from the flag will confirm the bearish momentum.
Trend Outlook: A macro bearish trend is indicated, supported by resistance rooted in fundamental factors...
Consider, share your opinions and questions, discuss what is happening with OANDA:XAUUSD
Gold Trading strategy for 28th November 2024Trade Strategy for Gold
Current Price 2636.700 USD
Buy: Enter a long position when the price moves above 2659 on a one-hour candle close.
Sell: Enter a short position when the price drops below 2626 on a one-hour candle close.
Support and Resistance Levels
Support Levels:
2600: This is the first line of defense where the price might find support and potentially reverse upwards.
2550: If the price falls below 2600, 2550 acts as the next significant support level.
2500: This is a major psychological level that could provide strong support.
Resistance Levels:
2700: The initial barrier where the price might encounter resistance and potentially reverse downwards.
2750: If the price breaks above 2700, 2750 becomes the next key resistance level.
2800: This is a significant resistance level that could pose a challenge for further upward movement.
Disclaimer
Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
LONG XAU 28.11+3R and 3R yesterday.
The price is now oscillating within a parallel channel.
Sl, entry as shown
Parallel Channel XAU 28.11+3R and -2R yesterday.
The price is now oscillating within a parallel channel.
Taking profit on the last long order was the right decision, but I couldn't time the entry for a short order effectively.
LONG XAU 28.11BULLISH DIVERGENCE APPEARS WITHIN A PARALLEL CHANNEL
Stoploss, entry as shown. I hope we jump on the right train this time.
LFG
XAU/USD: Bullish Momentum Building, Key Resistance at $2,670 XAU/USD: Bullish Momentum Building Toward Key Resistance at $2,670
Gold (XAU/USD) is showing signs of recovery on the 1-hour timeframe after rebounding from recent lows near $2,620. The price is currently trading within a key resistance zone between $2,660 and $2,670, where buyers are testing the strength of bearish pressure. A breakout above this zone could pave the way for further upside toward the next psychological level at $2,700.
Key Observations:
- Price Action: A bullish structure is forming with higher highs and higher lows, indicating increasing momentum from buyers.
- Key Resistance Zone: The $2,660–$2,670 range serves as a critical hurdle for further bullish continuation. A successful breakout could signal a shift in market sentiment toward more upside potential.
- Support Levels: Immediate support lies at $2,640, with stronger demand seen around $2,620, where previous buying activity emerged.
Potential Trade Scenarios:
1️⃣ Bullish Breakout:
- If the price breaks and closes above $2,670, it may trigger a bullish continuation toward $2,700.
- Trade Setup: Long positions above $2,670 with a target of $2,700 and a stop-loss below $2,640.
2️⃣ Pullback to Support:
- If the price faces rejection at the resistance zone, a pullback toward $2,640 or $2,620 could offer new buying opportunities. Watch for bullish reversal patterns in these areas.
- Trade Setup: Long positions at $2,640 or $2,620 with targets of $2,670 and $2,700, and a stop-loss below $2,600.
Conclusion:
Gold remains in a recovery phase with bullish momentum building. Traders should monitor the $2,660–$2,670 resistance zone closely. A breakout above this level could confirm the continuation of the upward trend, while a pullback offers an opportunity to re-enter long positions at favorable levels. Stay cautious and manage risks effectively.
SHORT XAU 27.11.2024A bearish divergence has appeared: the price forms a new higher high, while the oscillator forms a lower high.
Entry and SL as shown on the chart
SHORT XAU 27.11 A bearish divergence has appeared: the price forms a new higher high, while the oscillator forms a lower high.
Entry and SL as shown on the chart
Bearish Divergence XAU 27.11.2024A bearish divergence has appeared: the price forms a new higher high, while the oscillator forms a lower high.
As a result, I decided to take profit to secure gains with a 1:3 Risk-Reward ratio.
There's a possibility of a reversal or sideways movement, so I'll need to wait for further confirmation before making the next move.
LONG XAU 26.11.2024Convergence and liquidity swept. RR 1:4 Will break out the parallel channel, SL and TP as shown in the chart
