gold buy tradeW pattern form in gold. After retest it can go to harmonic target. Gold buy-Entry at - 2337, target 2347, SL - 2333Longby wosushantUpdated 3
Gold Analysis for 27th May. Price shows a consolidationXAUUSD charts show a dying interest from sellers as buyers closed the markets on a strong level. But drawing the levels we do see a pattern of reversal from certain levels. This analysis video can help you decide in this regard. These are not recommendations of any sort. Enter a trade only upon detailed self analysis.10:23by kaustubhkokateUpdated 3
XauUsd buy 15M15support area... So Buy SL maintain. Support resistance bass trading plan. Happy Trading. Thank you.Longby Tamiltry337
GOLD NOT TO BE SOLDGOLD getting more Brighter. Looks good for long in Parabolic uptrend pattern. Tgts expected (Short to longterm) Tgt 1 : 2413± Tgt 2 : 2514± Tgt 3 : 2973± Can be accumulated till 2250. Closing below in 2200, will break the Parabolic trend and makes it weaker. Shared it for EDUCATIONAL / REFERENCE PURPOSE based on chart pattern and My STUDY. Do your analysis from your side too. This is not a BUY or SELL RECOMMENDATION.Longby senthilkumar19762
XAUUSDMULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.Longby okako_trading2
XAUUSD Trading plan for the week of May 4, 2024Looking at chart D, we see that with the current price level, the candle has not yet closed above 2430, so we will have 2 plans for next week. Last week we saw Information that the Fed still has no plans to cut interest rates and even extends the expected time to reduce interest rates is continuously given by Fed officials. This creates concern that the USD will not weaken, so in the weekend sessions, gold price had a strong adjustment from 2450 to 2332 in the last 2 sessions of the week. This week we pay attention to two important news: Prelim GDP q/q, Unemployment Claims and Core PCE Price Index m/m With the forecast decrease in GDP and increase in Unemployment Claims, it is showing the consequences of the tightening economy. Besides, the news of Core PCE Price Index m/m decreasing is a very good sign to help the Fed have monetary plans. currency to run a stable economic development. But we still have to wait for the actual data to be released and it will affect the trend this week. Looking at chart D, we see that with the current price level, the candle has not yet closed above 2430, so we will have 2 plans for next week. First plan - According to the Elliot principle, wave 4 has completed and now the gold price is in wave 5 and this wave 5 is confirmed when the candle closes above 2430. - Wave 5 will include 5 small waves i ii iii iv v - Currently, the price correction last weekend has completed wave i and is preparing to complete wave ii to start wave iii - Looking at the Weekly frame momentum indicator, this indicator has reversed in the oversold area combined with the daily frame momentum as shown on the chart, we see that the momentum has approached the oversold area, signaling that the downward price momentum has weakened. So our trading plan for next week is to go to the H1 area to find candlestick reversal signals to Buy at this price range of 2334. Second backup plan - If the price continues to decline and breaks out through the 2278 area, we will use this backup plan - At that time, the price continues to complete wave c in the corrective wave abc - We have measured the target of ending wave C at area 2211 - Then our trading plan waits for the price to reach this target area and then we enter H1 to look for reversal signals at the 2211 price range to buy up. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.Longby DEEKOP3
Gold Bullish Flag Pattern Breakout - Final Target $2458/oz Gold broke out of Bullish flag pattern and going for new targets. First target is 2075 and final target is 2458. These are long term monthly targets. Longby Sandeepk31Updated 6
Rally delayed.. ?Possible Scenarios and Levels to watch for in coming days.. 2350 if respected, more Bullishness is possible If broken, then 2300 zone will be next zone to provide some support. Which again if respected, then consolidation may continue. If 2300 also broken, then Decent selling will be more aggressive. Where By 2250 2200 2150 could be tested. by DrAnandMUpdated 5514
🔥GOLD TREND ANALYSIS ON MAY 24💲 This week, gold surged and fell after opening on Monday, and then fell all the way, which was in line with our expectations. After rebounding to the 2383 line yesterday, it fell under pressure and continued to fall after breaking 2350, eliminating the previous signs of rebound, and the lowest reached 2327. In the weak market, the daily line finally closed with a large negative column at a low level. At present, the gold price is trading below the middle track of the Bollinger Band, and the 5-day and 10-day moving averages are glued downward, forming a sign of a dead cross, indicating that the gold price has a chance to fall further. On the 4-hour chart, the continuous negative trend shows a weak downward trend, but the pattern has not completely stopped falling. This wave of decline may be presented in the form of a slow decline. The Bollinger Bands open downward, the moving averages are arranged downward, the MACD indicator crosses at a low level, the green column potential begins to shrink, and the overall technical indicator structure is bearish. For two consecutive trading days, the overall price has experienced a unilateral short-term decline, breaking the 2400-point integer mark in the short term, and the weakening trend is obvious. The double top resistance above the daily level 2440 is effective, and the unilateral downward channel is opened. Today's short-term resistance focuses on the high point of yesterday morning at 2350. The intraday rebound relies on this position to continue to fall back with the main short position, and the lower target is to break the bottom. The short-term long-short strength and weakness watershed focuses on the 2370 position. Before the daily level breaks through and stands on this position, any rebound is a short-selling opportunity, and the main tone of participating in the trend is maintained. On the whole, today's short-term gold operation advice is to mainly go short on rebounds, supplemented by longs on callbacks. The upper short-term focus is on the 2352-2355 resistance range, and the lower short-term focus is on the 2326-2303 support range.by MasterGoldTraderUpdated 38
XauUsd the next target could be around the 2,312Based on the 1-hour chart for Gold (XAU/USD), here are some observations and analysis: Triangle Pattern : The chart shows a symmetrical triangle pattern, which is a continuation pattern. The price is currently at the lower boundary of the triangle, suggesting a potential breakout to the downside. Fibonacci Retracement Levels : The Fibonacci retracement levels are drawn from the recent high to the recent low. The price is currently around the 0.786 retracement level (2,334.88), which is a significant support level. A break below this level could confirm the bearish trend. Order Block : There is an order block around the 2,312 level, which could act as a significant support zone if the price breaks below the triangle pattern. Target : If the price breaks below the triangle pattern and the 0.786 Fibonacci level, the next target could be around the 2,312 level Key Levels to Watch: Support: 2,334.88 (0.786 Fibonacci level), 2,325.33 (recent low), 2,312 (order block) Resistance: 2,342.38 (0.618 Fibonacci level), 2,347.64 (0.5 Fibonacci level), 2,352.91 (0.382 Fibonacci level) by arshsetiaa0
XAUUSD sold at 2420 CMP 2333 Target 2315 , 2270-2267 , 2240-2235On 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 trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
A short Entry in XAU-USD chartsAfter the offset of Bears in the rally we started to see a good Buying Candle with the start of Asian markets on Friday around 6A.M(IST) i.e UTC+5:30. From the counters we can see a good Bull run till we don't cross 2350 levels and from there the rally can continue. My entry and exits have been described in the video with the TP. hope you can plan accordinglyLong04:16by kaustubhkokateUpdated 223
XAUUSD on May 23 2024 fluctuated strongly after the Fed meeting?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Yesterday the Fed meeting with its published content showed - The data shows that commodity prices have increased significantly recently, which indicates that inflation is increasing. - Fed says inflation may take longer to fall - The current federal funds rate is enough to slow US economic activity and reduce inflation With such announcements, it appears that the prospect of interest rate cuts expected by the Fed this year may be changed. When this information was announced yesterday, it immediately pushed gold prices down sharply yesterday session to 2370. Look at H1 - Wave c is the last corrective wave of the abc corrective wave, the structure of wave c includes 5 small waves - The strong and sharp price decrease last night can be said to be wave 3 in wave c being formed. - We expect that the expected target of wave 3 is level 2365 and level 2345 - Then there could be a small correction to complete wave 4 before continuing to complete wave 5 as well as wave c of the correction. - We observe the formation of wave 4 ending to determine the target of wave 5 as well as wave c of the correction Trading plan We continue to observe the completion of wave 3 and wait for the end of wave 4 to determine the target of wave 5 to buy. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.by DEEKOPUpdated 3
Gold braces for biggest weekly loss of 2024, focus on $2,270Gold licks its wounds at the lowest level in a fortnight after falling in the last three consecutive days. With this, the precious metal becomes vulnerable to post the biggest weekly fall since late September 2023. The downside bias takes clues from a clear break of a nine-week-old support line, now immediate resistance near $2,340, as well as the bearish MACD signals and steady RSI. With this, the spot Gold price (XAUUSD) is likely to drop toward the 50-SMA support of $2,309. However, an ascending trend line from early April, close to $2,294 at the latest, will challenge the bullion bears afterward. It’s worth noting that a 3.5-month-old rising support line near $2,270 acts as the final defense of the buyers, a break of which will not hesitate to welcome the bears targeting the $2,200 threshold. On the contrary, the Gold buyers need validation from the $2,340 support-turned-resistance to retake control. Even so, the 10-SMA hurdle of $2,375 and the $2,400 psychological magent will challenge the XAUUSD bulls afterward. In a case where the precious metal remains firmer past $2,400, the $2,430 and the $2,450 should allow the bulls to take a breather before pushing them toward the $2,500 round figure. Overall, the Gold price is likely to witness a short-term downside but remains in the bullish trend unless declining below $2,270.by MTradingGlobal2
Gold XAUUSD sell given at 2420 , 80 points profit 2315, 2307 nxtOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader2
xau/usd trade analysis for upcoming weekmarket maker sell model Orignal consolidation done after Lrb done and price goes into SMR phase after its completed LRs done and now retest and need to take sell side liquidity down complete.by Harsh81886
BUY XAUUSDThere will be a big buy move after the retest. Following the retest, I am looking to buy gold and am waiting for a confirmation within a shorter period of time.Longby Knickk3
GOLD: Bullish - FLAG detected + Breakout of the range.GOLD: Bullish - FLAG detected + Breakout of the range. 1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$. 2- When we break a range the Take profit should be the Height of the range. Then the TP2 is expected around 2 518$. 3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is expevted around 3 030$ The red horizontals are retracements regarding ICHIMOKU levels . However a retracement Fibonacci gives a target lower around 2 100$. Be carefulLongby Le-Loup-de-ZurichUpdated 4
XAUUSD LongFOREXCOM:XAUUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!Longby PhinicsUpdated 10
XAUUSD 20 - 24 May 2024Dear friends, In a bullish case we will be active from 2421.5 (high risk) the best zone to buy is above 2429/30 zone. The critical zones are 2438 - 2448 - 2465 - 2477 - 24 - 2425/30 and after that 2500 or the moon. In a bearish case we will be active from 2402 (high risk) the best zone to sell will be after 2396. The critical levels are 2381/78 - 2370/67 - 2360 - 2354 and 2340. We will keep you all updated with regular updates throughout the week. Don't forget to like, comment and follow to support me, i really appreciate it! I wish you a good week, trade with a stop loss and I hope you all get rich! Longby TheDutchGoldTradeHubUpdated 6
GoldPrice is consolidating and the important support is seen at 2405 - 2410. Price has formed a descending triangle pattern. If it breaks the support, then we can expect at least 20 points fall. Buy above 2410 with the stop loss of 2404 for the targets 2418, 2430 and 2444. Sell below 2398 with the stop loss of 2404 for the targets 2392, 2384 and 2376. Even the price fall, remember the main trend is positive and it is a pull back. Always use stop orders to protect your capital. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do. by vanathiUpdated 5
23rd May Analysis of Gold Price Overview On May 22nd, the price of gold experienced a notable decline, falling from $2415 to $2375. This sharp movement could be attributed to various market factors, including economic data releases, changes in investor sentiment, or geopolitical events. As we look at the price action on May 23rd, gold is anticipated to retest the $2397-$2400 zone. However, there is a prediction that it may fail to establish a head and shoulders pattern, indicating potential future movements. Technical Analysis Price Decline on May 22nd: Support and Resistance Levels: The sharp decline from $2415 to $2375 suggests that there was a strong resistance at the $2415 level, which sellers capitalized on, pushing the price down to $2375, a significant support level. Volume and Momentum: It's crucial to analyze the trading volume during this decline. High volume on the way down indicates strong selling pressure, which might suggest a continuation of the downtrend if the buyers do not step in. Retest of $2397-$2400 Zone: Importance of the Zone: The $2397-$2400 zone is a critical area. If gold manages to break above this zone, it could signal a potential reversal or continuation of the uptrend. Conversely, if it fails to break through, it might indicate that the downtrend will persist. Indicators to Watch: Pay attention to key technical indicators such as the Relative Strength Index (RSI), Moving Averages, and the Moving Average Convergence Divergence (MACD). These will provide insights into the strength and momentum of the price movement. Head and Shoulders Pattern: Pattern Characteristics: The head and shoulders pattern is a classic reversal pattern that signals a potential change in trend direction. A successful pattern consists of a peak (head) between two lower peaks (shoulders) and a neckline that connects the lows. Prediction of Failure: If the price fails to break above the $2397-$2400 zone and does not complete the head and shoulders pattern, it could indicate that the bears are still in control. This failure might lead to further declines, potentially testing lower support levels such as $2350 or $2300. Conclusion The price action on May 23rd is crucial for understanding the future direction of gold. The retest of the $2397-$2400 zone will be a significant indicator of whether gold can regain its upward momentum or continue its recent downtrend. Traders should closely monitor the price action, volume, and technical indicators to make informed decisions. A failure to break through the critical zone and establish a head and shoulders pattern could signal further bearishness in the gold market.Shortby TradingGuruTop2
🔥GOLD TREND ANALYSIS ON MAY 22💲In the past two days, gold has failed to continue the bullish trend and is in a state of range oscillation adjustment. From the daily chart, the stochastic indicator of the daily K fluctuates and rises, and the MA5-MA10 golden cross runs upward, indicating that the golden cross is bullish. At present, KDJ is in a sticky state. From the 4-hour chart, gold is consolidating in the 2440-2400 range. The stochastic indicator shows a volatile trend, MA5-MA10 dead cross, and MACD fast and slow line dead cross continues to show green energy columns. The K-line pattern shows a bottoming out and rebound, and the anti-fall support position is near 2410, and it is sideways and anti-fall. In terms of operation, choose to step back to near 2410 to go long. It is expected that gold will continue to rise in the short term, but it is necessary to prevent a fall after a high. On the 1-hour chart, gold is trapped in a wedge consolidation, and the support below needs to pay attention to the vicinity of 2407. Radicals can go long directly at the overnight low of 2410. The bull support area is between 2406-2410. We need to focus on the 2400-2406 area as the bull lifeline. Short-term long orders can be arranged above this area, but if it breaks below 2400 at any time, it will be beneficial for the bears to test lower points.by MasterGoldTraderUpdated 10