Gold bullish move expected
Gold on 4H timeframe expected to move towards 2386.
Gold currently appears to be in (c) of ((x)) wave which is a corrective rise/ pullback.
XAUUSD trade ideas
Bulls broke the triangle consolidation to test the supply zone .Given the current trend structure, bulls Broke downward pressure of the triangle consolidation to complete the test of the supply zone at point D 2430 .Whether a significant pullback will follow remains to be seen, as the current time cycle still appears congested, which may hinder further upward movement.
On the downside, a break below $2,380 would introduce selling pressure, with the first target being the $2,324 range. On the fundamental side this week inflation data will be the climax.
XAUUSD/GOLD Weekly Sell Projection 11.08.24Gold price trades in a channel formation on a daily timeframe, which is slightly rising but broadly exhibited a sideways performance for more than three months. The 50-day Exponential Moving Average (EMA) near $2,370 continues to provide support to the Gold price bulls.
The 14-day Relative Strength Index (RSI) oscillates within the 40.00-60.00 range, suggesting indecisiveness among market participants.
A fresh upside would appear if the Gold price breaks above its all-time high of $2,483.75, which will send it into unchartered territory.
On the downside, the upward-sloping trendline at $2,225, plotted from the October 6 low near $1,810.50, will be a major support in the longer term.
GOLD - SYMMETRICAL TRIANGLE BREAKOUT. MORE UPSIDE AHEAD ?Symbol - XAUUSD
Gold was trading inside the flat 2420 - 2370 forming a symmetrical triangle. Traders were continue to struggle for the area of 2400 & it just gave a breakout.
Around 2400, There is a rather encouraging situation indicating how the bulls continue to hold the support of the global trend.
The issue of aggressive easing of the US Fed policy is still relevant. Likewise, speculators are closely watching developments around Iran's attack on Israel. If it happens, it is likely to give additional impetus to the growth of gold prices. Meanwhile, Initial Jobless Claims of the US may provide short-term potential for the markets.
Support level as of now: 2380
The problem with the triangle, price behavior and the current situation is that the market is neutral, as the price is in consolidation.
Prerequisites for growth:
- Bullish market retention on the larger timeframe
- Strong reaction to the key support zone
- Strong buyers have not left the market yet and continue to buy back the asset
- Fundamentally, gold has strong support (hedge asset)
- Strong market reaction to a false break of local support
- Buyers do not let the price go below 2380
- Retests of 2400 continue
- Volumes
- Large pool of liquidity, interesting for MM, above 2420
- Fundamental nuances due to the Middle East
P.S. : I'm holding hold position in Gold with 2380 SL.
Basic Chart Pattern is very effectiveHello Traders !
I ussually use basic chart pattern on my technical analysis. I think it's very useful for traders. Many trader still use it and CMT book still write and train it for many student in the world.
Some chart pattern which I appreciate like as :
1/ Head and Shoulder
2/ 2 Top -2 Bottom
3/ Flag pattern
4/ Wedge
Example, Gold chart (h1) as bellow, I use only 2 top-2 bottom to trade and you can see that it is very effective.
XAUUSD SHORTWe have entered bearish market as we are seeing in chart that my view for xauusd is strongly bearish the price com fill the wick which is 2365 zone please trade according to the chart from next week
XAUUSD SHORTWe have entered bearish market as we are seeing in chart that my view for xauusd is strongly bearish the price com fill the wick which is 2365 zone please trade according to the chart from next week
Gold In Bearish Mode!As with the Trend Market Is bearish In 4hr & 1hr,As there is ChoCh Is 15 min We can Short for Selling Level!
OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD
BUY XAUUSDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE and also waiting for lower timeframe confirmation.
Disclaimer:-
Investing and trading or other instruments are subject to market risk, please consult your financial advisor before making any investment decision.
Gold XAUUSD buy given near 2388 huge profit 2445,2472 ,2615 tgtDisclaimer -
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 buyers take a breather above 100-SMA, focus on $2,450Gold's recent strong performance suggests a positive sentiment among buyers, especially with its breakout above the 100-SMA and supportive RSI and MACD indicators. This technical strength points to a potential push towards the $2,450 resistance level, with further challenges anticipated at around $2,470 from a mid-July trend line, and additional resistance at $2,495 and $2,500.
On the downside, sellers will need a break below the 100-SMA, currently around $2,411, to gain momentum. Such a move could test the $2,400 mark, with further support levels at $2,383 and $2,350.
In summary, while Gold is currently on the buyers' radar, the upcoming resistance levels may cap the upside potential.
XAUUSD/GOLD 1H BUY PROJECTION 09.09.24The allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gold.
XauusdIt s my long gap this fx market
, this is price actioning , reaction of the sentimental
I'm learning all concept
Rules of trading💘 biggest criminal part of our body ?
It's our brain ( mentality testing yourself).
Don't ego in the market
Good luck
My experience sharing of learning,....!
Brain is indicator, camera is eye(focus your goals).
This only motivation
Now Time for recovering!As In Gold Price Tapped To Our Selling zone 1hr As well as It had A logical Retrace ,
We can Short From here With Small SL!
IMP- Try To exit at 2401!
OANDA:XAUUSD OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD PEPPERSTONE:XAUUSD
Sell 2404, Target -2390, SL 2408Bias below 2408 target is 2390, 2386
Weak US jobs reports have increased the likelihood that the Fed will have to cut interest rates sooner than expected to deal with the economic slowdown, potentially boosting gold prices in the near future.
Here's Gold At his Buying Level!Gold is At its Buying Level Of 15min , so You shift to 1-5 min for Entry And Be careful As This Trade is against the trend of 4hr !
And Take out Your half profit at 2401!
OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD
XAUUSD/GOLD 30M Buy Projection 08.08.24Reason for Bullish
oday, US Dollar is expected to fall against the Gold (per ounce), as the forecast expects the XAU/USD exchange rate to move to $ 2,391.05 from the current rate of $ 2,401.74. In the next 7 days, US Dollar is predicted to increase compared to the Gold (per ounce) by $ 2,352.97.
Gold buy on dip till 2355 bot break upside Target 2410, 2435-55Disclaimer -
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 NY Session Update
Gold Intraday: under pressure.
Pivot:
2403.00
Our preference:
Short positions below 2403.00 with targets at 2378.00 & 2365.00 in extension.
Alternative scenario:
Above 2403.00 look for further upside with 2417.00 & 2431.00 as targets.
Comment:
As long as 2403.00 is resistance, look for choppy price action with a bearish bias.
XAUUSD 7/8/2024 Will the downtrend continue?
Looking at H1, we see that we have achieved the target of wave 2 in yesterday's plan.
Now we expect wave 3 to continue. The characteristic of wave 3 is a strong and sharp increase. Therefore, we expect a strong increase
- Wave 3 is confirmed when the price breaks through the 2418 zone, then we will have a wave 3 target at the 2467 zone
- Currently, we are in a very good buy price range, the target zone I gave in yesterday's plan
I have a backup buy plan at 2374 - 2371
Our target is the wave 3 increase, so buying up is the main thing, and the sell orders are just to catch the corrective down waves
Trading plan
BUY ZONE: 2374 - 2371
SL: 2364
TP1: 2403
TP2: 2413
TP3: 2428
SELL Scalp ZONE: 2312 - 2315
SL: 2322
TP1: 2408
TP2: 2403
TP3: 2498 SELL Scalp ZONE: 2424 - 2427 SL: 2432 TP1: 2417 TP2: 2409 TP3: 2403
Gold sold at 2414 holding sell trade Target 2365, 2330 SL 2405Disclaimer -
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
Again Gold reachs to Selling Level!As gold is in Bearish Mode So it had retracement And reach to 15min selling zone !
Go on Take the ride Of the Market! OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD
