In the volatile world of commodity trading, gold stands out as a prized asset with its unique dynamics and responsiveness to market shifts. Trading gold reversals requires a keen eye for patterns and a strategic approach. This article explores a potent strategy: identifying breakdowns of previous lower lows and leveraging substantial volume to initiate trades on...
Please read the notes as mentioned on the chart and act accordingly.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Let you grow. May! I follow you.
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (29-02-2024)
Current price- 2030
"if Price stay below 2042, then next target is 2020 and 2010 and above that 2050.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
Reason for Trade is Elliot third wave and Trendline breakout Strategy
Entry price ,stoploss, Target already marked in the chart itself FYI.
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Thank You and I wish everybody should win.
A trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, smart traders sell stocks at the upper resistance line, hold stocks within the parallel trend lines, and buy stocks at the lower support lines.
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (28-02-2024)
Current price- 2033
"if Price stay below 2045, then next target is 2020 and 2010 and below that 2050.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of...
The price of spot Gold (XAUUSD) defends the previous day’s rebound from a weekly low despite lacking momentum around $2,035 early Thursday. In doing so, the yellow metal portrays the market’s anxiety ahead of the US Federal Reserve’s (Fed) preferred inflation gauge, namely the US Core Personal Consumption Expenditure (PCE) Price Index. It should be noted that the...
Hey everyone, let's delve into the current gold prices!
During the previous trading session, the price of gold remained steady, ranging from $2022 to $2025. Investors are eagerly awaiting fresh economic data from the United States in order to assess the future direction of interest rates as determined by the Federal Reserve (Fed).
At the moment, gold finds...
Hello everyone, gold traded relatively calmly today at a high level after breaking out of the previous downtrend.
Today, the price of gold was supported by the decline in US Treasury bond yields. As a result, the US dollar (USD) weakened as the US Dollar Index (DXY), which tracks this currency against six other currencies, fell by 0.05%.
From the analysis chart:...
XAU/USD (Gold/US Dollar):
Recent Trend: Trending between $2040-$2020 in moderate risk.
Current range: $2040-$2020(Hook Zone)
Trading Range: Based on recent trends and support/resistance levels, trading range for buying or selling stands at highs and lows.
Additional Notes: Waiting for updated support/resistance (SR) range after USA data release.
Recent Trend:...
On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
Xauusd sell now at price 2032
Stop loss 2034.77
Target one 2029
Target two 2025
Target three 2021
Risk reward ratio 1 : 8
Open a sell trade and thanks me later
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