XAUUSDG trade ideas
XAUUSD 4/9/2024 complex correction has ended?
Looking at H1, the complex correction process will create very difficult conditions for determining the specific structure of the wave. In such a situation, we will rely on the Fibonacci measure to determine the target price zones for the end of the entire correction process based on the previous up wave.
- With such an approach, I will determine the target price levels for this correction downtrend.
- Looking at the chart, we have a temporary 5-wave structure formed. We will rely on this combined with Fibonacci to set up trading zones
- Case 1 if wave 5 has ended, then we expect the price zone 2482 - 2479 to BUY
Case 2 if the price breaks below 2473, then the price zone ending wave 5 will be the price zone 2464 - 2467
- Above the strong supply zone 2510 - 2507 has not been broken yet, so this is still our target to SELL
- Next is the zone 2515 - 2518, this is the strong supply zone above that we choose to place a SELL order/
Trading plan
BUY ZONE: 2482 - 2479
SL: 2472
TP1: 2492
TP2: 2582
TP3: 2499
BUY ZONE: 2464 - 2467 SL: 2454 TP1: 2478 TP2: 2492 TP3: 2499 SELL ZONE: 2510 - 2507 SL: 2520 TP1: 2510 TP2: 2491 TP3: 2482 SELL ZONE: 2515 - 2518 SL: 2525 TP1: 2510 TP2: 2491 TP 3: 2482
XAUUSD 2560Golden Information
Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%.
Gold prices fall despite stronger US Dollar amid economic slowdown signs.
US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief.
Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473.
Price Tag
1. >>2440>>>
2. >>2535>>>
3. >>Short-term up>>2630
#XAU End of short-term adjustments, continuing the upward trend.XAUUSD Gold Analysis for September 4, 2024:
Yesterday, September 3, 2024, the gold price adjusted down as anticipated, currently forming a bottom at 2473, with two bottoms appearing on the H4 chart, indicating a high likelihood of creating a new peak and continuing the upward trend.
Tonight, there will be news on the "FED interest rate decision," which will support a rise in gold prices. (There is a 69% chance of a 25-point decrease and a 31% chance of a 50-point decrease).
Today's trading trend: BUY.
Key price levels to watch:
BUY zone: 2483 - 2486 and 2475 - 2478.
SELL zone: 2499 - 2503 and 2510 - 2513.
Recommended orders:
Plan 1: BUY XAUUSD zone 2484 - 2486
SL 2481
TP 2489 - 2495 - 2500 - 2511 - open.
Plan 2: BUY XAUUSD zone 2475 - 2477
SL 2472
TP 2480 - 2490 - 2500 - open.
Plan 3: SELL XAUUSD zone 2510 - 2512
SL 2515
TP 2505 - 2500.
XAUUSD STRONGINTRO Current Status
1.Gold prices fall despite stronger US Dollar amid economic slowdown signs.
2.US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief.
3.Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473.
Gold price is upwardly biased, even though momentum shifted in sellers’ favor and opened the door for a drop to $2,470. The Relative Strength Index (RSI) hints that buyers are in charge, but in the near term the yellow metal could weaken.
In that event, if XAU/USD drops below $2,500, the next support would be the August 22 low at $2,470. Once surpassed, the next stop would be the confluence of the August 15 swing low and the 50-day Simple Moving Average (SMA) near the $2,427-$2,431 area.
XAUUSD 1H SELL PROJECTION 04.09.24The Union Budget's decision to reduce import duties on gold and silver has led to a significant drop in gold prices in India. While this presents challenges for existing investors who might face unrealized losses, it also opens opportunities for new investors to purchase gold at lower prices.6 Aug 2024
GOLD SPOT/US DOLLOR OANDAENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Historical price of gold and silverThis is to show historical prices of gold and silver with events causing the price rise and falls.
Trade active on GOLDAs I discussed in my last analysis, I have predicted that gold will move 120 pips and reach my TP1 level soon. I am now expecting gold to retest then show further growth. I am expecting gold to reach my TP2 level soon. It is hard to predict where gold will go next, but I am confident that it will continue to move upwards. I will keep you updated on my analysis.
New SELLING LEVEL OF GOLD!As Market is getting Bearish & Tapped in Our 1hr Selling Level,
Here we can Short By "risk free trade strategy"
You have Book your Half profit at 40% of trade! OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD
GOLD XAUUSD Analysis on (02/09/2024)#XAUUSD UPDATEDE
Cuurent price - 2502
If price stay below 2522,then next target 2490,2484and 2470 and above that 2530
Plan1;If price break 2505-2510 area,and stay below 2505,we will place sell order in gold with target of 2490 and 2470 & stop loss should be placed at 2520
Plan2;If price break 2528-2533 area and above 2533,we will place buy order in gold with target of 2545 and 2555 & stop loss should be placed at 2520
Trading tips:(Accuracy 90%)
BUY XAUUSDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE. It is not advisable to enter without confirmation from a lower TF.
Disclaimer:-
This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision.
Gold we get 13 points profit on sell trade until 2510 not break Disclaimer -
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 spot or mcx update edu pur.yes broken support 2493--90$ now expect dwn 2477--72 thna after 2440$ where hurdel 2532 only abv my be firedd in mcx blw 71500 looks dwn fall till 71220--71050--70900+++++ hurdle 71779@ abv may be fire
GOLD XAUUSD Analysis on(03/09/2024)#XAUUSD UPDATEDE
Current price - 2495
If price stay above 2482,then next targets is 2510and 2520 and below that 2470
Plan1;If price break 2496-2496area, and stay above 2498,we will place buy order in gold with target of 2510 and 2520 & stop loss should be placed at 2482
Plan2;If price break 2485-2482area,and stay below 2480 we will place sell order in gold with target of 2470 and 2455 & stop loss should be placed at 2490
Trading tips:(Accuracy 85%)
