BUY GOLDThere 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 Knickk226
Gold Analysis and Trading RecommendationSell Opportunity: Gold (XAU/USD) currently presents a lucrative sell opportunity at $2360.00, with compelling potential for profit targeting. Targets: Primary Target: $2347.00 Secondary Target: $2300.00 Breakout Scenario: Should Gold surpass the $2375.00 threshold, indicating a bullish breakout, the target price is forecasted to reach $2400.00. Technical analysis suggests a strong selling sentiment at the current price level. Market dynamics indicate downward pressure, aligning with the proposed sell strategy. Risk management strategies should be implemented to mitigate potential losses in case of unexpected market shifts. Disclaimer: This analysis is based on current market conditions and historical price movements. Traders are advised to conduct their own research and consider risk management techniques before executing any trades.Shortby GODOCM1
5th JUNE GOLD ANALYSISFor a refined analysis of gold trading, considering the given sell zones, we can focus on two specific strategies that traders can deploy: a reactive approach where traders wait for the zones to activate before selling, and a proactive approach where traders set limit orders in advance. Here’s how each can be implemented effectively: Strategy 1: Reactive Selling Strategy Sell Zone 1: 2347-2354 Sell Zone 2: 2358-2364 Overview : This strategy involves waiting for the price of gold to enter the specified sell zones before executing a sell order. Traders monitor the market actively and react once the conditions align. Execution : Monitoring: Traders need to keep a close eye on gold prices as they approach the sell zones. This can be facilitated through real-time price alerts. Confirmation : Once the price enters a sell zone, look for technical confirmation of a price reversal, such as bearish candlestick patterns (e.g., bearish engulfing, hanging man) or technical indicators like the RSI turning downwards from overbought conditions. Sell Execution: Execute the sell order only after confirming that the price is likely to decline, ensuring it's not merely touching the zone before a further upward movement. Stop-Loss: Set a stop-loss just above the highest point of the sell zone to minimize losses if the price unexpectedly rises. Profit Targets: Determine exit points either at a fixed profit target or at the next significant support level lower than the sell zones. Strategy 2: Proactive Limit Order Strategy Sell Zone 1: 2347-2354 Sell Zone 2: 2358-2364 Overview: This strategy uses limit orders set at predefined prices within the sell zones, allowing traders to automatically enter trades without needing to monitor prices continuously. Execution : Setting Limit Orders: Place sell limit orders at the higher end of each sell zone (e.g., 2354 and 2364) to capture the initial reversal momentum. Volume and Momentum Analysis: Before setting the orders, analyze historical volume and momentum data to ensure these points have previously acted as strong resistance levels. Stop-Loss: Place stop-loss orders just above the sell zones to protect against breakout risks. Automatic Execution: Since this strategy doesn't require continuous monitoring, it is suitable for traders who cannot watch the markets at all times. However, periodic checks are recommended to adjust the orders based on recent market behavior. Profit Targets: Set automatic take-profit levels based on historical support levels or predetermined profit goals. Risk Management Both strategies require careful risk management. It's vital to: Determine the size of the trade based on a percentage of the total trading capital to avoid significant impacts from a single trade. Use a risk-reward ratio that justifies the potential risk, typically no less than 1:2. Be aware of market news and economic events that could influence gold prices drastically, adjusting strategies as needed. Conclusion By using these strategies, traders can optimize their trading approach based on their ability to monitor the markets and their risk tolerance. The reactive strategy is ideal for those who can actively manage their trades, while the proactive strategy suits those needing a more set-and-forget approach. Both strategies leverage the defined sell zones to maximize potential returns while minimizing risks, accommodating different trading styles and schedules. Shortby TradingGuruTopUpdated 6
Gold XAUUSD buy trade holding from 2300 next 2348, 2375 ,2403 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 hitby JaiPrakashShuklaHarmonicTrader0
XauUsd Tradegold ready for fire gold trade both side trend line brack then retest and fireby yourincome0
GOLD is Bullish above 2315 till 2330 2340 2345 Good Morning Traders, Till the time gold is moving above 2315 we can see more up levels 2330 22335 and 2345. If Gold will break 2315 and sustain below then only we can see 2310 2302 and 2290 Our preference is buy from Dip and sell from top Plan accordingly, Happy Trading 😉Longby vikasvasusharma0
XAUUSD 4-hour setupn the XAUUSD 4-hour setup, the overall trend is bullish; however, a retracement is expected before reaching a new high. We are looking for selling opportunities once the price establishes a new low and retraces to the premium zone. The ideal entry point would be if the price creates a new low and then retraces. If the price surges upwards without forming a new low, we will need to observe for any confirmation signals on the 15-minute chart.Shortby albii_senpai0
Gold Trade SetupXauusd Best Trade Setup Any Time Work This Setup All Time Frame Best 15 min 1hrby yourincome0
Gold bearish below 2315 and bullish above 2315 mostly consolidatGood Morning Traders, Till the time gold is moving below 2315 we can see more low levels 2295 2285 and 2280. If Gold will break 2315 and sustain above then only we can see 2324 2330 and 2338 Our preference is buy from Dip and sell from top Plan accordingly, Happy Trading😉Shortby vikasvasusharma0
Gold XAUUSD still buy on dip till daily closing not below 2300Disclaimer - 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 :- 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 JaiPrakashShuklaHarmonicTrader110
XAUUSD: MARKET ANALYSISQ) WHAT IS THE CURRENT STATUS OF THE MARKET? 1. the market has been lower lows and lower highs in the 1 hour time frame 2. And currently the market has been making short term counter trend on the upside 3. The daily is also Bullish NOTE: so if anyone is bearish because the 1HR and the 4HR time frame are bearish target small targets and be happy with the profits! HAVE A SUCCESSFUL PROFITABLE TRADING, YOU ! CHEERS !Shortby VitalismTraders1
XAUUSD: MARKET ANALYSISMARKET STATUS: 1) The market has made a lower low making a change of character from the long to the short side 2) this choch has been made with a heavy imbalance ( fair value gap (fvg)) 3) this is what indicated a short bearish momentum and the market is expected to be bearish for some time 4. the market has been making a pullback 5. the entry can be aimed at around the OB which is at the 0.5 fib level 6. confirm the entry in the15 min time frame by checking for a change of character in that time frame. Shortby VitalismTraders1
Gold looks sidewaysTrend analysis Current week trend has less volumed when compare to last week. Looks golds is in range bound between 2380 to 2280 per trend analysis pattern. Three drive pattern gives short look below 2,270. Please do your Own analysis before trading. I just share my view.by jothimageswari0
Gold Trend 10/06 - Consodiate further this week ? (Repost)(The chart posted on Monday morning was hidden by TradingView, reposting now) Gold price experienced the largest single-day decline in recent months last Friday, downed by $82. The price stayed within the range of 2320-2360(1) early last week until Wednesday after a disappointing ADP employment figure was released. It cleared the resistance(2) in the Asian session on Thursday. The breakout triggered a new round of buying, resulting in a weekly high of 2387(3) within 24 hours. However, the gold price started selling at the European session on Friday, again back into the previous sideways range(1). After the release of US employment data that evening, the price fell below 2320(5) and touched our target of 2300, closing at the weekly low near 2286. As mentioned last week, the gold market is in a profit-taking cycle. The latest data from the COMEX gold futures shows that the open interest continues to decline, at 440,000 contracts now. This is about 90,000 contracts less than the peak when gold prices reached a historical high a few weeks back. This indicates that the long buying is still on the limited side, and there is still room for further decline. The key events this week are the US inflation data and the FOMC meeting on Wednesday. Take advantage of a range-bound market while investors are waiting for these economic figures at the beginning of the week. From the M-T perspective, gold prices are still in the phase of consolidation. It will be a good chance to short-sell the market if the high level of uncertainty this week leads to a jump in gold prices. 1-hr chart > The key support level is at the previous low of 2280-2285(6). Expect the price to be bounded within the range of 2280-2320(7), while the market is waiting for Wednesday's news. A new round of selling will be triggered if the price breaks through the support zone(6). Daily Chart > Gold cleared the ascending channel(9) last week. The closing near the weekly low on Friday indicates that the selling is still dominating the market, and the price might have another attempt to the low in the next 2 days. In S-T, support lies at the previous low of 2277 (10). If there is a successful breakthrough below 2277(10) later this week, the first target can be set at the 50% retracement level around 2216(11). The above analysis helps you identify resistance, support, and breakout points. P.To If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟.by 1uptickUpdated 0
BUY GOLD There is a possibility that some correction could occur after Friday's huge selling pressure, which is the reason I placed a buy order on MondayLongby Knickk0
Gold Gold running in correction wave B , impulse 🌊🌊🌊 waiting for c wave 🌊 to Trade 🎯📉Longby Kishor630
XauUsd :the price might find support and continue its uptrend.1. **Price Movement**: - The price is currently forming higher highs and higher lows, indicating a potential uptrend on the 15-minute timeframe. - The price is currently at 2311, located within a bearish order block. 2. **Order Blocks**: - **Bearish Order Block**: The price is currently within a bearish order block (highlighted in red) around the 2311 level. This area may act as a resistance, potentially causing a retracement. - **Bullish Order Block**: There is a bullish order block identified around the 2300-2306 zone (highlighted in blue). This area could act as a support level where buyers might step in. 3. **Potential Scenarios**: - **Retracement**: Given that the price is in a bearish order block, it may retrace from this level. A pullback to the bullish order block at 2300-2306 is possible. This would be a healthy correction within the overall uptrend. - **Continuation of Uptrend**: After potentially retracing to the bullish order block, the price might find support and continue its uptrend. This would align with the formation of higher highs and higher lows. ### Strategy: - **Entry**: Consider entering long positions around the 2300-2306 zone if the price retraces and shows signs of support and reversal (e.g., bullish candlestick patterns, increased volume). - **Stop-Loss**: Place a stop-loss just below the bullish order block to manage risk. - **Target**: Using gaps as targets can be an effective strategy. The gap at 2318-2320 provides a realistic first target, while higher resistance levels can serve as secondary targets. Always adjust your plan based on live price action and volume to ensure the strategy remains valid. Longby arshsetiaa0
XAUUSD sell on rise till 2315 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 :- 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 JaiPrakashShuklaHarmonicTrader0
Gold is bearish below 2310 2315. Next is 2287 2270 Good Morning Traders, Till the time gold is moving below 2310 and 2315 we can se more low levels 2287 2270 and 2260. If Gold will break 2310 and sustain above then only we can see 2340 2345 and 2356 Our preference is sell from high, Plan accordingly, Happy TradingShortby vikasvasusharma0
XauUsd :likely to aim for the FVG as immediate targetsOrder Block: The price is currently at a 4-hour order block, indicated by the blue dashed lines at around the 2293 level. This is typically a strong area of demand where buyers are likely to step in. Swing Structure: The overall structure remains bullish as long as the price does not break below the order block. A significant drop below this level could suggest a shift in market sentiment. Fair Value Gaps (FVG): Two fair value gaps (FVGs) are identified. These gaps represent inefficiencies in the market where the price is likely to return to fill them. Volume Analysis: Analyzing the volume below the price action shows a significant spike, suggesting strong buying interest at the current level.Longby arshsetiaa0
BUYSTOP XAU USDBuy stop XAUUSD 2314 Sl 2303 TP 2322 if one hour gold close above 2314Longby VaithiLingam0
XAUUSD/expecting a bullish movement pattern looks clearly bullish to me, but volume still the same as past week (low) we may see a one more small fall and sudden bullish movement , watch gold for next few weeks Longby fzxzzUpdated 2
Gold (XAUUSD) Trading at Lower End of the Hourly ChannelGold (XAUUSD) Trading at Lower End of the Hourly Channel: A Potential Rebound Gold (XAUUSD) is currently trading at the lower end of its hourly channel, around the 2312 level. This price point is significant as it aligns with a key demand zone identified on higher time frames. If the channel boundaries are respected, we could anticipate a recovery towards the upper end of the channel. Key Points to Consider: Support at Current Level: The 2312 level has historically acted as a strong support, coinciding with a demand zone on higher time frames. This increases the probability of a bounce from this region. Channel Dynamics: The hourly channel has been well-defined, with price consistently respecting its boundaries. Given this pattern, a move towards the upper end of the channel seems likely if the lower boundary holds. Trade Opportunity: This setup presents a potential long trade opportunity. Entering a position at the current level with a target near the channel's upper boundary could offer a favorable risk-to-reward ratio. Trade Setup: Entry: 2312 (current price level) Target: Upper end of the channel (to be determined based on the channel's slope) Stop Loss: Below the demand zone (specific level to be determined based on risk tolerance) Conclusion: Keep an eye on the price action around the 2312 level. If support holds, we could see a strong upward move towards the channel's upper boundary, presenting a lucrative trading opportunity. Always manage risk appropriately and adjust stop loss and take profit levels as the trade progresses. Happy trading! 🚀Longby ThirstyBull0