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
XAUUSD: MARKET ANALYSISCURRENT MARKET ANALYSIS: 1) the market seems to be making lower lows and lower highs in the 4 hr time frame 2) the 1 hr has made a choch and the price has been falling with large fvg ENTRY: 1) look for entries in the 15 min timeframe when it makes a pullback and makes a choch to the downside 2) target the next liquidity line. that is an important zone because it is a 4 Hr Low, so it is an area of high liquidityShortby VitalismTraders4
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
XAUUSD June 7, 2024 before important Non Farm news Today we will have information about the Non Farm index published. From Non Farm ADP data US ADP employment rose 152,000 in May, less than the gain in April. It was below market expectations and hit a three-month low. Additionally, April data has been revised downward. Employment in the goods-producing sector increased by just 3,000, down significantly from 47,000 the previous month. The services sector increased by 149,000 jobs, of which 55,000 came from trade, logistics and utilities, but the number of jobs in the information industry continued to decrease by 7,000. We realize that the US labor market is weakening, because ADP is the index used to predict official Nonfarm, so today's index will be very important for the upcoming gold trend. Many indicators published during this time signaled that the US economy was weakening due to the impact of the FED's tightening monetary policy to reduce inflation. This will be one of the important conditions for the Fed to loosen monetary policy in the coming time. Looking at H1 we see that a small wave 1 2 3 4 5 is about to complete. Wave 3 target has been completed and currently the price is completing waves 4 and 5. - We measure the target of wave 5 at the price range of 2390 and 2413 - After the price completes wave 5, the next wave will be the abc correction - We will monitor Take Profit with purchased transactions at the price range we have previously given such as area 2317 and area 2354. - Short-term sell orders can be initiated at this target price range of 2390 or 2413. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.Longby DEEKOPUpdated 0
TP HIT ON GOLD AND AGAIN BUY GOLDTP hit on gold . .you can see my last post on gold , which is a strong DEMAND ZONE. There will be a big buy move after the retest. Following the retest, I am looking to buy gold and am waiting for confirmation within a shorter period of time.Longby Knickk0
XAAUSD/ GOLD : LONG The market indicating bullish trend ... still gaining enough momentum to buy Longby Hardley010
XAUUSD on June 6, 2024, the uptrend officially begins? Yesterday Israel attacked Hamas, causing gold prices to increase sharply last night despite the ISM PMI index being greater than 50. Looking at H1, the news of Israel attacking Hamas has caused the price of Gold to rise through tradingrank for more than a week now. - Price surpasses 2464 and confirms wave 5 has ended at our target area of 2317. - From the chart we see that wave 5 is an Ending Diagonal Triangle (ED) wave. This wave usually appears at the end of the trend. When this wave ends, a new trend will open - So we hope the next price target is 2397 - Looking at the H4 momentum indicator, we see that this indicator is in the overbought zone and is about to reverse. Looking at the H1 momentum indicator, we see that this indicator is entering the overbought zone. So in the immediate future, we expect a correction to confirm wave 1 and wave 2. - We have 2 temporary target areas measured on the H1 chart measured from existing data. We continue to observe to wait for this confirmation adjustment to complete. In our plan, we pay attention to the 2397 zone. If the price reaches this zone, there may be a big correction that we can take advantage of to sell down. Adjustment areas 2464 and 2354 may be the price will retest these areas and we can proceed to buy up. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.Longby DEEKOPUpdated 3
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
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 is bullish above 2355, can reach 2375 2380 and 2385Good Morning Traders, Till the time gold is moving above 2350 we can se more above levels 2365 2370 and 2380. If Gold will break 2350 and sustain below then only we can see 2345 2340 and 2330 Reson for gold bullishness is Israel’s war on Gaza updates: Dozens dead as Israel attacks on refugee camps Our preference is sell from high, Plan accordingly, Happy Trading 😊by vikasvasusharma6
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
Xau/usd technical analysis 2372 is nice sort point for xau/usd pair sl area 2390 { it varies upon your lot } target area 2277 sell side liquidity areaShortby Harsh8188226
GOLD SHORT AT HIGH LEVELSThe current gold market is still fluctuating and consolidating below the middle track. It is expected that it will further drop to the 2300-2280 area after the correction is completed. The key pressure level above is at 2354. If the rebound breaks through 2354, the downward trend will end. Under this position, the idea of shorting at high levels remains unchanged. The daily level closed with a real middle Yin line yesterday, continuing the Yin-Yang cycle, and the space has shrunk slightly. Although the gold price rose in the morning, the strength was not strong, the highs kept moving down, and the lows were constantly tested. In the short term, the upper resistance is 2342, which can be extended to 2350 after breaking through, and it is expected to see the 2360-2363 area after breaking through. There is still a possibility of falling and exploring lower today, with support below at 2314 and further support around 2309. Overall, gold is still in a short trend, with heavy resistance above, and rebound is still an opportunity for shorting. The 4-hour moving average has a clear short arrangement, and gold has failed to stand firm on the moving average. After the highs and falls back, there is still room for decline below. The top short-term focus is on the 2342-2345 resistance range, and the bottom short-term focus is on the 2313-2309 support range.by MasterGoldTrader8
Sell XAU 05/6/2024I'm selling XAU With Take profit and stoploss in this pictures PP: Price action Good luckShortby bobbiboy8x113
XAUUSD June 5, 2024 Yesterday's decline has endedWith the PMI being lower than expected at only 48.7 compared to 49.2 in the previous period, if this index is lower than 50, it signals that the expansion of industrial production scale is shrinking. With this index being lower than 50 for two consecutive periods, especially this period being lower than the previous period, it is a sign that the US economy is showing signs of stagnation. The main impact is that interest rates remain high for a long time, making it difficult for people and businesses to access capital. This continues to be a sign for the Fed to decide to cut interest rates in the near future. Looking at H1 we see - After the increase on the 3rd, the price touched the target of wave 5, we expected that wave 5 would have ended and the price would begin to continue a new uptrend. At that time, we also said that to confirm that wave 5 has ended, the minimum condition is that the price must break the 2464 zone. - As of yesterday, the price had dropped back to the target wave 5 area that we measured before. This signals that wave 5 could be a diagonal triangle pattern according to the Elliot principle. - So from H1 in the diagonal triangle model, the price has now reached the end of wave 5 in this diagonal triangle. - We focus on the wave 5 target areas at 2317 and 2311 to buy. - Or safer, we wait for the price to break the upper level of the diagonal triangle and wait for confirmation to proceed with buying.Longby DEEKOPUpdated 2
GoldXAU/USD RR - 1:1.5 Using Smart Money Concept Here we easily take profit of 100 USD in few minutes Shortby PipPlus_FX2