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XAUUSD trade ideas

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.
OANDA:XAUUSDShort
by kripsonfx97
1
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.
OANDA:XAUUSDLong
by akshit_official
2
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.
OANDA:XAUUSDEducation
by PhuThongTrader
4
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
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
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.
OANDA:XAUUSD
by MTradingGlobal
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
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
1
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
OANDA:XAUUSDLong
by DEEKOP
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
OANDA:XAUUSDShort
by JaiPrakashShuklaHarmonicTrader