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GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

XAUUSD July 25, 2024 Where will the drop end? Yesterday I gave you a plan to sell at 2431 - 2434, we filled TP3 with a profit of 600 pips. - Today the price has dropped to the 2370 price range, surpassing the 2382 price range, so the purple wave C in the purple ABC correction wave has been confirmed. - Looking at the sharp decline in price moving quickly and sharply, we expect this to be wave 3 in a series of 5 waves of the purple wave C - Our task is to determine the ending point of wave 5 in the purple wave C and that is also the ending point of the purple wave C to start BUY. - Measuring the target of wave 5 as well as the purple wave C, we have target price zones ending at 2365 and 2349. Trading plan BUYZONE 2465 - 2462 SL: 2455 TP1: 2382 TP2: 2394 TP3: 2399 SELL ZONE: 2411 - 2414 SL: 2421 TP1: 2400 TP2: 2394 TP3: 2382
OANDA:XAUUSDLong
by DEEKOP
Gold Buy holding from 2392 sl to 2398 Target 2434, 2445 ,2472Disclaimer - 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
XAUUSD July 24, 2024 Where will the rally go? As in the previous day's forecast, after the 5-wave trend is the ABC correction wave - Looking at H1 we can label wave a and wave b as shown on the chart. Currently, we expect wave C to complete so we can enter orders - Wave C target we measure 2 targets: price range 2420 and price range 2433. - After completing the next abc correction, it will be a 5-wave pattern following the previous downtrend Trading plan SELL ZONE: 2431 - 2435 SL: 2440 TP1: 2411 TP2: 2394 TP3: 2382 BUY ZONE: 2476 - 2471 SL: 2466 TP1: 2382 TP2: 2394
OANDA:XAUUSDLong
by DEEKOP
XAUUSDXAU/USD 1-Hour Analysis: Potential Bullish Reversal with Double Bottom Formation Chart Overview: This XAU/USD 1-hour chart analysis indicates a potential bullish reversal pattern with a double bottom formation. The analysis identifies significant support and resistance zones, highlighting key price action levels and potential price movements. Key Points: Trend Analysis: The chart shows a strong downtrend with a series of lower highs (LH) and lower lows (LL). Recently, the price action suggests a potential reversal with the formation of a double bottom pattern. Support and Resistance Levels: Support: The key support level is around 2,390. Resistance: The resistance zone to watch is around 2,452 (gray zone). Bullish Reversal Signal: The price has formed a double bottom pattern around the support level of 2,390, indicating a potential bullish reversal. The price is currently testing the resistance zone around 2,452. Potential Price Path: The analysis suggests a potential breakout above the resistance zone around 2,452. A successful breakout could lead to a bullish continuation towards higher resistance levels, with the projected price path indicated by the upward arrow. Market Sentiment: The sentiment is cautiously bullish given the double bottom formation and the potential for a breakout above resistance. Traders should look for confirmation of the bullish reversal with higher highs (HH) and higher lows (HL) to validate the trend. Trading Plan: Look for buying opportunities on a breakout above the resistance zone around 2,452. Consider placing stop-losses just below the double bottom support level to manage risk. Target higher resistance levels for potential take-profits. This analysis suggests a potential bullish reversal for XAU/USD, with buying opportunities on a breakout above the resistance zone. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
OANDA:XAUUSDLong
by harshkjogadia
Gold increases sharply: Investors look for a safe place The US dollar rallied early Wednesday as risk-off sentiment dominated the market. Asian shares came under pressure after disappointing tech earnings reports from major companies such as Alphabet and Tesla. Alphabet achieved good revenue and profits but needed time to see results from its investment in artificial intelligence, while Tesla dropped 7% due to profits not meeting expectations and postponing the Robotaxi event. Fears of a Chinese economic slowdown also supported safe-haven demand for the greenback. On Tuesday, the US dollar rebounded significantly on market jitters ahead of important earnings reports from US companies and a sharp rise in Treasury yields. Investors take profits on USD short positions ahead of Wednesday's preliminary Global Manufacturing and Services PMI data. Weak PMI data could spark recession fears, creating fresh demand for the US dollar. Gold prices could benefit from this scenario if concerns about the US economy reinforce dovish Fed expectations. The market is currently pricing the possibility of the Fed cutting interest rates in September at a 97% probability. All eyes are on the US Q2 GDP report on Thursday and June PCE inflation data on Friday to monitor gold price movements. Note price range: Sell zones: 2424 - 2426 Stop loss: 2430 Take profit 1: 2414 Take profit 2: 2400 Sell ​​zones: 2440 - 2442 Stop loss: 2446 Take profit 1: 2430 Take profit 2: 2420
OANDA:XAUUSDLong
by mswhitetrader
GOLD BUYING SETUP TRADE WIH 1:10 RISK REWARD GOLD BUYING SETUP TRADE WIH 1:10 RISK REWARD A good BUYING setup detected on XAUUSD it a very good setup It's showing a BULL MOVE due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the support zone 3. VERY GOOD SETUP Just grab out will your own risk MAXIMUM 1% 4. also in day chat its showing its trying to break the 1d big trendline it will consolidate here but after breakout the upcoming move will be OSM With a small amount Stay connected Stay happy Bande mataram
FX:XAUUSDLong
by tradergyan01
Gold hesitates amid opposing market signals Gold prices (XAU/USD) struggled to gain during the Asian trading session Tuesday, although still above the lowest level of the past week. Joe Biden's withdrawal from the 2024 election has increased Donald Trump's chances, suggesting a looser regulatory environment. At the same time, the People's Bank of China (PBoC) unexpectedly cut interest rates on Monday, which supported upbeat market sentiment and created a drag on gold, a safe-haven precious metal. . Dovish Fed expectations also played an important role in limiting losses for gold. The market currently believes that the Fed will begin lowering interest rates in September and could cut twice more by the end of the year. These predictions have led to a decline in US bond yields, putting pressure on the dollar and thereby supporting the price of gold, a non-yielding asset. Against this backdrop, investors should cautiously wait for further sell-offs before positioning for an extended pullback from recent record highs. Uncertainty about monetary policy and global economic factors continue to strongly influence gold prices, and investment decisions should be based on careful analysis of the current situation. Interesting price areas: Buy zone: 2367 - 2365 Stop loss: 2361 Take profit 1: 2375 Take profit 2: 2385 Sell zone: 2418 - 2420 Stop loss: 2424 Take profit 1: 2410 Take profit 2: 2400
OANDA:XAUUSDShort
by mswhitetrader
XAUUSD July 23, 2024 Where will the rising wave go? Looking at the H1 chart, we have a completed 5-wave bearish pattern - The target of wave 5 has been achieved near the price range of 2382 that I predicted yesterday - After completing the next wave 5, there will be 2 cases, the first case is that the price continues the 5-wave impulse wave pattern. The second case is the abc bullish correction pattern. - Regardless of the pattern, we now expect a price increase at least according to the abc correction pattern - The target of ending the correction wave will be specifically determined when the wave has completed at least 2 waves a and b. Based on current price data, I estimate the target of the correction wave is the price range 2433. - If this rally gets past 2453 then we will be leaning towards a trend rally to 2500 then I will update everyone. Trading plan BUY: 2491 - 2488 SL 2483 TP1: 2420 TP2: 2433 SELL ZONE: 2433 - 2436 SL: 2431 TP1: 2411 TP2: 2494
OANDA:XAUUSDLong
by DEEKOP
Gold : Is the Bullish Story Over??Gold has had a very Bullish Momentum, and now the story seems to be over before the next leg of upside, if there is for next 1 year. Technical Reasons for being Bearish : 1) Very High RSI on Daily Chart with a Deviation 2) Elliot Wave 5 is finished, and Sub-waves A & B are also finished.. Now Wave C is next, and that will be sharp downside. 3) Triple Top and Crown formation (But range bound), and a bigger fall is expected. Economic Reasons 1) China the major factor for such Bullish run, has stopped buying gold from past 2 months, and after that this sideways crown is being observed 2) Powell (FoMC Chairman) spoke at Economic symposium yesterday on 15th July, and wasn't very Dovish on Rate Cuts.. He said 2 Quarters of In-line data is promising but need more such data to be really sure. If rate cuts are done in haste, then there would be Double Peak Inflation, with even bigger peak then this time. Feds know it and will be very cautious. Fundamental Reasons 1) With US elections in 4 months, the interest in Bullion will shift to Bitcoin and Crypto, as they generally run for obvious reasons during Elections. 2) When whole world believes and there is news circulating everywhere that Rate cuts will let Bullion : Gold and Silver fly, but when it's put in news as Fact and everyone is buying, question is who is selling? Or who would sell : Retailers? Past View : Around June 30 - July 1 : I gave successful view of Gold touching 2360, 2400, 2460, and it's touched those targets. XAUUSD was hovering around 2320 around that time, and everyone was in view that Gold will come down to 2280.
OANDA:XAUUSDShort
by archit_somani
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