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
6th June GOLD ANALYSISWhen analyzing the recent price movement of gold and its implications, it's important to consider several factors that could influence the market and trading strategies. Here’s a structured analysis based on your current observations: 1. Technical Analysis Breaking the Bearish Channel: Gold breaking out of a bearish channel signifies a potential shift in market sentiment from bearish to bullish. This breakout is a technical signal that often encourages traders to look for buying opportunities as the expectation for upward movement increases. Lack of Clear Resistance: The absence of identifiable resistance levels following the breakout suggests that gold might have a relatively unobstructed path higher in the short term. However, historical price levels, psychological price points (like round numbers), and Fibonacci extensions might serve as implicit resistance levels. 2. Entry Zone and Price Targets Buying Zone (2351 - 2356): This narrow zone appears to be selected based on recent price consolidations or retracements post-breakout. It's crucial to monitor price action within this zone for confirmation signals such as bullish candlestick patterns or rebounding from moving averages. Risk-Reward Ratio (1:2.5): This ratio implies that for every unit of risk (e.g., a dollar, a point), there is an expectation to make 2.5 times that in profit. This risk management strategy is aggressive and aims for higher returns but should be backed by strong conviction in the bullish scenario.Longby TradingGuruTopUpdated 9
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
Gold is Bearish under 2340, above 2340 we an see 2356Good Morning Traders, Till the time Gold resistance is 2338 2340 we can see lower levels 2315 and 2304. If gold will break 2340 level and sustain we can see 2348 and 2356 levels Our preference is sell from high, Plan accordingly, Happy TradingShortby vikasvasusharma0
Hopes for complete Head and Shoulder Pattern.Hopes for complete Head and Shoulder Pattern. Enter for long after break neck line. Longby DipakJadhav9Updated 1
XAUUSD June 4, 2024 has the uptrend begun? Yesterday after the PMI news was announced, we witnessed a price increase to the 2354 area. - The PMI index is used to measure the degree of expansion of industries. We see that this index is lower than the previous period, which continues to support the fact that the US economy currently continues to show signs of decline. - In recent weeks, economic indicators have signaled that the US economy is showing signs of decline, combined with inflation cooling down, this is a signal for the FED to cut interest rates in the near future. . Looking at H1 last night's increase continues to confirm for us that the wave 5 target has been achieved at the price range of 2317. - So now we may have a new trend forming. We have the 2464 price range used to confirm this trend when the price surpasses this price range. - Currently, we expect a correction to consolidate this newly formed trend when the price does not surpass the 2315 price range. That is, we measure the target of this correction at the 2335 and 2330 zones. Planning to buy more when the price reaches these areas, we wait for a reaction to find a reversal signal to execute the buy order 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 118
4th June Gold AnalysisAs of now, the gold price stands at $2,351 per ounce. To capitalize on potential selling opportunities, we've delineated two key zones where we anticipate strong sell entries, guided by the Smart Money concept, which focuses on identifying areas where institutional money is likely to have a significant impact. First Sell Zone: 2356-2362 USD - This zone is identified as a potential area for initiating sell orders. The range closely aligns with minor resistance levels where institutional sellers are expected to enter the market. Traders should monitor price action closely in this band for signs of reversal patterns or rejection signals that indicate a good selling opportunity. Second Sell Zone: 2365-2370 USD - Slightly higher on the scale, this zone represents a more aggressive selling area. It is selected based on historical resistance and the likely presence of order blocks placed by institutional traders. Entering sell orders in this zone could yield higher returns, but it comes with a greater risk, necessitating stringent risk management strategies. By employing the Smart Money concept, we focus on zones where large market players are likely to create significant price movements. Traders are advised to wait for confirmatory signals within these zones before placing trades to ensure alignment with smart money actions and to maximize the potential for profitable outcomes.Shortby TradingGuruTop5
XAUUSD ORDER BLOCK | BUYING TRADEHi Traders This Area is 4Hr Order block according to SMC. 2316 to 2305 This is Liquidity Pool we can see upside movement after taking this liquidity. Best time to take trade is 5 min CHoCH but after Rejection. Note - Only for education PurposeLongby PM_PatilUpdated 8810
XAUUSD June 3, 2024 Gold's target zone?We expect the price to reach the target zone of wave 5 to find conditions for executing buy orders in this zone. As Friday passes, the market eagerly awaits the personal consumption expenditure (PCE) price index to be announced later. It is expected to show moderate price pressure in April, which would support the case for a rate cut later this year. Anticipation of interest rate cuts is favorable for gold as a non-yielding asset. Looking at H1, we see that the price dropped sharply last weekend. Currently the price is in the 2330 area - Looking at RSI, we see the phenomenon of bottom divergence. This signals that the immediate selling force has weakened. Maybe the downward momentum will no longer be strong - Looking at the current price structure, we can see that the price is currently completing wave 5 - We have wave 5 targets which are 2 price zones: 2317.6 and 2311.5 - Looking at the momentum indicator, we see that the momentum is currently in the overbought zone and could reverse at any time. - We expect the price to reach the target zone of wave 5 to find conditions for executing buy orders in this zone. 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.Shortby DEEKOPUpdated 3
GOLD SHOCKS AND BREAKS DOWNGold is still temporarily maintaining a high level of fluctuation in the weekly trend. It is still in a state of divergence in the daily trend. The K-line began to bear pressure on the short-term moving average to maintain a weaker trend. Although the current price is running near the previous support band, the strength and continuity of the intraday rebound are not too large. Pay attention to the small break in the daily trend of gold that may continue the downward trend. The 4-hour Bollinger Bands open downward and diverge downward. The 5-day moving average crosses the 10-day moving average and continues to decline. In the morning, gold rebounded and the 5-day moving average continued to decline under pressure. The high point gradually moved down to around 2330. Today is likely to be a weak downward trend. The current price has fallen below 2320, the low point of last Friday. The next target is 2303-2300. If the rebound in the European session does not continue to fall, and the price returns to above 2330, then the intraday will not be extremely weak, and it will turn to oscillation. The upper resistance 2330-2332 line will be shorted again. The consolidation structure in the downward trend has ended, and a sharp drop is about to begin. The European Central Bank will cut interest rates on June 6, and the market will accelerate its decline at that time, which is a very good opportunity. So our strategy is to short at a rebound high and wait for the gold price to plummet. Overall, today's short-term operation of gold is mainly short-selling on rebounds, supplemented by long pullbacks. The short-term focus on the upper side is the 2330-2332 resistance range, and the short-term focus on the lower side is the 2300-2303 support range.by MasterGoldTrader6
A clear downside XAUUSDDown trend is still in play. Mostly the trend will continue. If the low breaks we can expect more downside. EDUCATIONAL PURPOSE ONLYShortby WickiddUpdated 4
Gold might take a rejection from the 4H FVG for AN UPTRENDGold might take a rejection from the 4H FVG for AN UPTREND, Comment your thoughts. i am confused.. Longby Muhammedsijah1
31ST MAY GOLD ANALYSISTo analyze the gold price scenario where it corrects before rising to target levels of $2,357 to $2,362, where a selling strategy could be implemented with a stop-loss (SL) of 5 points below the entry price, we need to consider several factors that influence gold prices. This includes technical analysis and market sentiments. Technical Analysis Trend Analysis: If gold prices are trending upwards, the correction might be a retracement in a larger bullish trend. Tools like Fibonacci retracement levels can help identify potential support levels during corrections. Resistance Levels: The specified target prices ($2,357 to $2,362) must be analyzed within the context of historical resistance levels. If these prices have previously acted as resistance, they may do so again. Volume and Momentum: Volume during the rise should be observed; increasing volume can confirm the strength behind the upward movement. Momentum indicators like the Relative Strength Index (RSI) or the MACD can provide insights into whether the gold price is overbought or oversold during these phases. Moving Averages: Using moving averages (like the 50-day or 200-day) can help smooth out price data to identify the general direction of the market trend and potential reversal points. Market Sentiments Geopolitical Events: Events like economic sanctions, elections, or military conflicts can affect market sentiment and influence gold prices. Economic Data: Releases such as inflation reports, employment data, and GDP growth can impact investor behavior towards safe-haven assets like gold. Central Bank Actions: Decisions on interest rates or comments from central bank officials can lead to market movements. Strategy Implementation Entry Point: Determining the entry point during the correction phase is crucial. It should ideally be at a significant support level where the price is expected to rebound. Stop-Loss (SL): Placing the SL at a price 5 points below the entry level is a risk management technique to minimize potential losses should the market move against your position. Take Profit (TP): Setting the selling point at $2,357 to $2,362 based on prior resistance levels allows for profit realization before potential pullbacks. Risk Management Risk/Reward Ratio: Ensure that the potential reward justifies the risk being taken. A common approach is to aim for a risk/reward ratio of at least 1:2. Position Sizing: Calculate the appropriate position size based on how much of your total capital you are willing to risk on a single trade. Conclusion Implementing this strategy requires monitoring the market closely for signs that support the hypothesis of a correction followed by a rise. Always be prepared to adjust the strategy based on new market data and economic indicators.Shortby TradingGuruTopUpdated 10
3rd June Gold AnalysisTo create a focused analysis for a sell plan strategy on gold using the Smart Money Concept (SMC) indicator, especially considering the ongoing strong downtrend, we'll consider the current market dynamics, how the SMC indicator can guide decisions, and outline a specific strategic approach referred to as "2331-2336". Current Gold Market Dynamics The price of gold is influenced by a myriad of factors. Key among these are: US Dollar Strength: Typically, gold moves inversely to the U.S. dollar. A stronger dollar makes gold more expensive for holders of other currencies, reducing demand. Interest Rates: Rising interest rates can lead to lower gold prices as investors seek yield-bearing assets. Economic Confidence: Improved economic outlooks often draw investors away from gold, which is considered a safe haven during uncertainty. Technical Factors: Technical selling can be triggered when gold breaks key support levels, leading to further declines.Shortby TradingGuruTop5