XAUUSD bearish flag patternXAUUSD .. making bearish flag... consolidating in abcde waves of which last wave "e" is in progress.. immediate resistance near 2344-45 and than channel resistance near 2355 whereas downside channel support near 2310-08 breaking of channel will bring sharp down side..by MDstockmagicUpdated 1
GOLD SELL SETUP TRADE WIH 1:7 RISK REWARDGOLD SETUP TRADE WIH 1:7 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 1D 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 1:7 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 Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more Shortby tradergyan012
XAUUSD 21 juin 2024 La vague montante est-elle terminée ?Notre objectif de vague C a été atteint, au vu du prix que nous observons - Hier, après l'annonce de la nouvelle des allocations de chômage, le prix a fortement augmenté jusqu'à notre zone cible de 2364 et est actuellement en train de se corriger. Le prix a donc augmenté fortement et rapidement, ce qui est la caractéristique de la vague 3, puis le prix a diminué et s'est ajusté jusqu'à présent, il est donc probable que le prix soit dans la vague 4. - Nous pourrions donc avoir la vague 5 pour mettre fin à cette vague C et à partir des données de prix actuelles, nous pouvons mesurer la zone cible de cette vague C de 2364 à 2374. Nous considérerons la fourchette de prix de 2364 à 2374, c'est une très bonne fourchette de prix à vendre. Une fois que le prix a atteint l'objectif de la vague C comme ci-dessus, si le prix franchit la zone 2387,5, alors notre plan de trading doit changer. En cas de baisse des prix, nous avons pour objectif de compléter la grande vague 5 comme indiqué sur le graphique dans les zones 2256 et 2210.Shortby DEEKOP1
SELL XAUUSDThere will be a big SELL move after the retest. Following the retest, I am looking to SELL gold and am waiting for confirmation within a shorter period of timeShortby KnickkUpdated 1
SELLING ZONE PERFECTLY WORK ON GOLDThere will be a big SELL move after the retest. Following the retest, I am looking to SELL gold and am waiting for confirmation within a shorter period of timeShortby Knickk111
A false breakout As we can there is a false breakout and in the selling zone sellers are active now sma 50 indicates selling as well as Sma 200 in 30 minutes 1 hr time frame. there will be increase in the trading volume zoonShortby harshINDtradessssUpdated 112
XAUUSD 20-6-2024Hello Traders, Today morning price went up and able to sustain above the level, i am very bullish on gold and will try to plan LONG only untill prices stays above 2336. next target - 1. 2354.62 2. 2379 3. 2386.97 and i will plan my short if price comes down to 2332.30 and takes the liquidity from the upside. like a fakeout. all the levels are mentioned in chart Thank you for all your support NOTE : Not a finance advice. Longby BitcoinWorldYt1
Gold braces for consecutive second weekly gain, focus on $2,390Gold price seesaws at the highest level in a fortnight early Friday, after rising the most in five weeks the previous day. That said, a successful breakout of the 50-SMA and a downward-sloping resistance line from May 20 backed the precious metal’s run-up on Thursday. Apart from that, upbeat RSI and bullish MACD signals also keep the XAUUSD buyers hopeful of witnessing the second consecutive weekly gain. With this, a two-month-old horizontal resistance area surrounding $2,390 gains major attention, a break of which will allow bulls to aim for the $2,400 and the $2,410 levels ahead of challenging the record high of around $2,450. Meanwhile, a convergence of the 50-SMA and aforementioned trend line stretched from May, close to $2,344 at the latest, appears the key support to watch during the Gold price decline. Following that, the $2,300 threshold and an 11-week-long rising support line of near $2,293 will be the last defense of the XAUUSD buyers. It’s worth noting that the monthly of $2,286 and May’s low surrounding $2,277 will act as additional downside filters before giving control to the bears. To sum up, the Gold buyers are well in control but the upside room appears limited.by MTradingGlobal1
XAUUSD on June 20, 2024 after bank holiday Today will be announced the number of applications for unemployment benefits. This index will tell us how the current economic situation is affected by the Fed's policy on interest rates. If these indexes decrease, it will tell us that the Fed's recent policies have not had a large impact on the economic situation, which will create conditions for the Fed to maintain its hawkish policy and then the USD will increase. and XAU will decrease If this policy increases compared to the previous period, this signals that the Fed's policies are negatively impacting the economy, affecting all classes of people, creating pressure for the Fed to relax interest rates in the future. in the near future and this will cause the USD to decrease and XAU to increase. Price broke out of the triangle wedge this morning with a strong candle. So we are leaning towards the ABC correction model - So the price target of wave C as last time we measured at 2 price zones 2350 and 2365 price zone. - After the price reaches this target, the price will continue to trend down to complete the large wave C in the D1 time frame. - Our current trading plan is to wait until the wave C target at 2350 or 2364 to find a selling point or we can go to smaller time frames for scalping trading.Shortby DEEKOPUpdated 1
GOLD NEXT MOVE (waiting for FOMC)(12-06-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (12-06-2024) Current price- 2336 "if Price stay below 2360, then next target is 2320 and 2300 and above that 2392. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 171772
27TH GOLD PREDICTION As of June 27, 2024, the price of gold (XAU/USD) is trading at about $2,299, showing a bearish trend. This recent decline in gold prices can be attributed to factors such as increased USD buying and the anticipation of future rate cuts by the Federal Reserve. Despite this bearish momentum, key support levels remain at $2,300 and $2,287, while resistance is noted at $2,319.43. The 50-day and 200-day EMAs (Exponential Moving Averages) at $2,319.43 and $2,331.28 are critical levels for a potential bullish reversal. Here is the strategy signal today for selling: SELL XAUUSD 2318-2325 SL 2327 TP 2300 Shortby TradingGuruTop1
SELL XAUUSDIn my opinion, I am looking to sell , which is a strong SUPPLY ZONE and market also in Correction phase. It is not advisable to enter without confirmation from a lower TF.Shortby Knickk1
XAUUSD as said on Friday we can see bounce et it go upDisclaimer - 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 hitby JaiPrakashShuklaHarmonicTrader1
Gold might take a rejection form the supportGold might take a rejection form the support and move upside for a correction as the NY is going to open.. Longby Muhammedsijah1
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 timeLongby KnickkUpdated 3
XAUUSD 19-6-2024Hello traders, This is the plan for today NY session, on 1hr gold gave a breakout but it is not sustaining and might gave a breakout. if the price took recent high and come backs, i will plan my short trade. Hope to post such analysis daily before London and NY session NOTE : not a finance advice Shortby BitcoinWorldYt2
Gold is under pressure and trending downwards From a technical perspective, yesterday's spot gold daily structure closed with a negative line, realizing the alternating trend of yin and yang. Combined with the previous trend, the indicators have not changed. At present, the short-term moving average still maintains a dead cross, especially the 10-day moving average forms a short-term pressure near 2325, and the middle track of the Bollinger Band 2335 forms a strong pressure. Other periodic indicators maintain a short position arrangement. The Bollinger Band as a whole intends to shrink downward. The MACD indicator maintains a dead cross, and the green column potential continues to decrease. The KDJ indicator has a three-line bonding pattern. Although the overall structure of the daily line technical indicators is short-short, there is a need for rebound correction. From the 4-hour chart, gold began to rebound after falling to around 2286, then rushed to around 2341 and then fell back, approaching the 2295 mark, and then rebounded to around 2336, and fell back again. It is not difficult to see that the high point of the rebound is getting lower and lower, and the overall trend is oscillating downward. At present, the gold price is running near the middle track of the Bollinger Band. KDJ diverges downward after the dead cross, and the DIF line of MACD is glued together above the DEA line. The short-term trend is still bearish. The 1-hour chart is a triangle consolidation pattern, and the fluctuation range is getting smaller and smaller, indicating that the market is about to change. We must grasp the big market after the change. After the sharp drop on June 7, although gold rebounded, the amplitude can only be regarded as an adjustment. It is expected that it will continue to decline after the adjustment. In addition, several Fed officials are sticking to the expectation of only one interest rate cut this year, which is also bad news for gold. On the whole, today's short-term operation of gold is mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is the 2328-2330 resistance range, and the short-term focus on the lower side is the 2305-2300 support range.by GoldMasterClubUpdated 43
XAUUSD June 18, 2024 a potential sharp declineGold prices are recovering after last week's sell-off as the US economy forced the Fed to adopt a more dovish stance. Weak manufacturer inflation data and a rise in initial jobless claims supported lower interest rates. Additionally, escalating geopolitical tensions, such as increased attacks by Hezbollah on Israel and more Russian warships in the Caribbean, have contributed to this rebound. Looking at the adjustment process from June 8 to the present time, we can see that this is a complicated adjustment process. - Trading in a complex correction is not recommended. We watch for this adjustment process to complete - During this process we can scalp in short price ranges in smaller frames. - When the price reaches the expected targets, we will consider placing an order. Looking at H1, we see that the wave C correction process is still continuing. We observe the price reaching the target price zones 2350 and 2356. - The price will confirm the target areas of wave C when it breaks out of the 2341.8 area, then we focus on observing the chart to find a Sell order. - In case the price breaks out of the 2296 price range, it is likely that the adjustment process has been completed and if the price also breaks out of the 2287 area, then the target price area for wave 5 is 2256 and 2210 will be the areas we focus on. closely to find Buy orders.Shortby DEEKOPUpdated 8
Gold trend analysis next MondayGold continued to fluctuate this week, rebounding from Monday to Wednesday and falling back on Thursday, but the market was not sustainable and the 2300 mark could not be effectively broken. Next week, we need to prevent the bulls from making a comeback. The continuous rise in gold prices on Friday consolidated the upward trend. At present, gold is still hovering at a high level and cannot fall. Gold bulls are still relatively strong. The gold price did not break through the high point of 2341 on the last trading day. It was just that the momentum was insufficient in the second half of the night, but it does not mean that it cannot break through next Monday, because the current bullish trend is already very obvious. Without external stimulation, gold cannot have a unilateral decline. I personally tend to think that it was a shock stabilization bottoming pattern before. In terms of the general trend, the current fundamentals do not have the conditions for a big drop. On the contrary, from the weekly level, it is more of a high-level wide-range shock correction, accumulating strength for further rise later. It is too early to say that the upward trend is over, so after gold falls back on Monday next week, it will go long. The upper target will first look at the 2345 first-line pressure level! The 4-hour line has been rising continuously, and the moving average has crossed upward. The overall technical structure is bullish. In addition, the MACD indicator has crossed again and increased in volume. The gold price has a rebound correction demand. Since the gold price bottomed out and pulled up, it has now stabilized the moving average support. At the same time, the moving average is also showing an upward trend. It is expected that a new round of pull-ups will start after the moving average crosses next Monday. From the overall market, short-term operations in the later period can only go long! The primary support level below is the 2318 line, and you can start the layout when you arrive for the first time! The short-term long target is directly at the 2341 line. After breaking through and stabilizing, it will fall back and add positions to go long. The final target of the band is to look at the retracement level of 2350 of the previous unilateral decline wave of 0.618! On the whole, the short-term operation suggestions for gold next Monday are mainly to do longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2341-2345 resistance range, and the bottom short-term focus will be on the 2305-2300 support range.by GoldMasterClubUpdated 40
XAUUSD After a week of volatile news from the Fed Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively reducing inflation, specifically consumer price CPI and production costs, while also reflecting the negative economic impact of the policy. this book. This requires that the Fed may begin to loosen monetary policy in the near future Look at D1 - We see that the correction has completed wave B and is continuing wave C of wave 4. - We can measure the target of wave C at 2 price zones 2256 and 2210 price zones. - We have a price zone confirming the final wave 4 which is the 2150 price zone. If the price breaks through this zone, our ABC wave counting process is no longer correct, then we have to re-plan a new plan based on new data. Look at H1 - The price has broken out through the 2323 zone and is testing this zone again. Looking at the reversing momentum in the oversold area, it is likely that the price has successfully tested and continues to rise to the target areas of wave C above. - Yesterday we measured the target wave C which is 2 areas 2354 and 2360 - The target area of wave C is a very good area for us to look for Sell down orders - Combined with chart D1, we will have the price range where this decrease will end at 2256 or 2210. - We also have a zone that denies this wave counting process when the price surpasses the 2388 zone, then the price has entered an uptrend and we are forced to change our trading strategy at that time (I will update later if that happens).Shortby DEEKOPUpdated 2212
Xauusd after a series of important news from the Fed Yesterday's news announced to us First, the ppi decrease combined with the unemployment benefits application index increased. Combined with a decrease in CPI, this is beneficial for Gold to increase because the economic situation seems to be weakening, putting pressure on the Fed to reduce interest rates. However, Nonfarm data, specifically the employment index, has increased sharply in the recent period, which is the motivation for the Fed to keep the current interest rate at 5.9%. This is the reason why PPI news, although beneficial for Gold, cannot last long. Look at H1 - We are having the idea of an abc correction model. In which we expect wave c to complete - In front of us we have 2 important price zones: 2307 and 2287, these are 2 price zones that help us determine the direction of the price. - If the price breaks out at 2307, this is a necessary condition for the orange wave c to complete. Then we have 2 target price zones of wave c: 2350.4 and 2364.6. These are 2 areas where we can look for Sell orders - If the price breaks out below 2287, this is a necessary condition for the price to fall to the target zone of wave 5, which is 2264. This is the area where we look for a Buy order.Longby DEEKOPUpdated 3
Gold bearish below 2315 and bullish above 2315 mostly consolidatGood Morning Traders, Till the time gold is moving below 2315 we can see more low levels 2295 2285 and 2280. If Gold will break 2315 and sustain above then only we can see 2324 2330 and 2338 Our preference is buy from Dip and sell from top Plan accordingly, Happy Trading😉Shortby vikasvasusharma1