XAUUSD Buy in dips around 2512-15 zone
Gold may come in the buying zone before moving towards 2528-30
XAUUSDK trade ideas
GOLD XAUUSD Analysis on(28/08/2024)#XAUUSD UPDATEDE
Current price -2495
If price stay above 2480,then next target 2510 and 2525 and below that 2570
Plan1;If price break 2495-2490 area and stay above 2500 area, we will place buy order in gold with target of 2510 and 2530 & stop loss should be placed at 2482
Plan2; if price break 2484-2482 area and stay below 2480 area ,we will place sell order in gold
with target of 2470 and 2460 & stop loss should be placed at 2495
Trading tips:(Accuracy 87%)
TRADE ACTIVE ON GOLD As I discussed in my last analysis, I have predicted that gold will move 100 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.
Gold Moving to All Time High.Hello everyone!
Please see our updated 4H chart Levels and targets for the up coming week.
We are seeing price between 2513 resistance and 2500 as support.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
we will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
BULLISH TARGET
2530-2550
WILL OPEN THE FOLLOWING BULLISH TARGET
2570
2600
BEARISH TARGET
2500
AND OPEN BEARISH TARGET
2470
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr GOLD
MrHappiness
FOREXCOM:XAUUSD
XAUUSD Next Move Probability Lets See next week Gold analysis.
if the GOLD has sustained above the 2500 USD Support since printing its ATH last week.
if GOLD maintain an upward momentum, the price may expand upward, heading to the next psychological resistance at 2600 USD.
Conversely, failure to hold above 2500 USD could suggest a sideways continuation within the 2400-2500 USD.
XAUUSD 8/29/2024 Is the uptrend over?
Yesterday as predicted, wave C was completed with very strong selling pressure, we did not reach the target of the first BUY zone, but at the second BUY zone, we had a big win of 210 pips, congratulations to all of us.
Currently, the uptrend is still dominant. Looking at the current trend, we expect a 5-wave structure as shown on the chart. Besides, there is still the possibility of an ABC correction structure.
- We have the price zone 2510.7 as a confirmation point, if the price closes above 2510.7, then we are in a 5-wave uptrend. If the price closes below 2510.7, then this increase is just an ABC correction and then the price continues to decrease when the structure is completed.
- My current view is leaning towards a 5-wave bullish structure because I am expecting wave C to reach its target at 2493.7 and then a 5-wave structure will follow, then we have wave 5 target at 2536 - 2539, this is the first target and this is also the target area for us to SELL
- If the current structure is an ABC correction structure, then we have wave C target at 2487 - 2484, this will be our BUY target
- In addition, we have a large demand concentration area at 2509 - 2506, so this is also a target area for us to BUY SCALP
Trading plan
BUY SCALP ZONE: 2509 - 2506
SL: 2499
TP1: 2518
TP2: 2524
TP3: 2531 BUY ZONE: 2487 - 2484 SL: 2477 TP1: 2499 TP2: 2506 TP3: 2531 SELL ZONE: 2536 - 2539 SL: 2546 TP1: 2531 TP2: 2524 TP3: 2509
XAUUSD(Gold)- Under Pressure 2510-2512$Today, gold fell from its highs and the trend turned weak. After hitting the highs, the price of gold continued to fall and once fell below the $2,500 mark. Although the price briefly recovered 2,500, from a technical point of view, the short-term downward trend of gold has been established. The failure to break through the highs means that the strength of the bears is gradually increasing.
The 4-hour chart shows that gold has formed a typical triple top structure, which is usually a signal of trend reversal. Furthermore, gold prices not only fell below the lows of the past two days, but also fell below the $2,500 mark and the 4-hour moving average support, indicating that bears are dominating the market. It is expected that the upper $2,510-2,512 line will become a strong resistance level, and the rebound high will gradually move down, showing signs of long weakness.
In the current market structure, there is still room for downside in gold prices. If it rebounds to the $2510-2512 area in the short term, you can consider shorting on rallies. The $2,470-2,485 range below will be short-term support. If the price drops further, it is necessary to focus on the performance of this range.
Current Gold Movement AnalysisGold structure in the Asian session on August 29.
After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area.
Pay attention to trading in the 2818-2511 zone in the Asian session
XAUUSD VIEW SEEMS TO BE UPSIDEXAUUSD VIEW SEEMS TO BE UPSIDE.
Only for Educational Purpose only. One can test his Analysis.
XAUUSD elliott wave projectionXAUUSD till now made high near 2532.
In weekly time frame 3rd impulse wave is in progress..
1.618% level is near 2541
stay cautious as doji candles forming near golden ratio..
Doji candle shows equal fight of bull and bear.
downside immediate support near 2488
GOLD SETUP 29-AUG-2024Gold in zone when candle gives closing out of zone i plan to trade according buy/sell and we can get easy 30-40 pipes very simple setup just trust your self.
Buying at 50 Ema and 200 Ema 1:3 is a Target buy above the high near 50 Ema and 200 Ema when there is a upside crossover buy , when there is below crossover sell
Buying at 50 Ema and 200 Ema 1:3 is a Target buy above the high near 50 Ema and 200 Ema when there is a upside crossover buy , when there is below crossover sell
Crude sell on rise until ATH not break we exit buy at 2523 ystYesterday we exit from buy trade at 2523 also get profit on sell trade today
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 XAUUSD Analysis on (26/08/2024)#XAUUSD UPDATEDE
Current price - 2512
If price stay below 2530,then next target 2490 and 2470 and above that 2540
Plan1; If price break 2518-2522 area and stay below 2510 area ,we will place sell order in gold with target of 2496,2484and2470 & stop loss should be placed at 2530
Plan2; If price break 2529-2532 area and stay above 2533 area ,we will place buy orders in gold with target of 2545and2555 & stop loss should be placed at 2520
Trading tips:(Accuracy 90%)
XAUUSD(Gold)- Resistance Level 2520$
Gold Technical Analysis: From the daily perspective, gold has fluctuated around the 2510 line for nearly 7 trading days in the past, which is the area where the peak of the previous rising Yang line was located. In other words, after a sharp rise, gold has entered a sideways adjustment state. As the high-level consolidation time is prolonged, the market gradually digests the bullish momentum, which increases the risk of retracement adjustment. At present, the daily trend of gold is still oscillating in a high range, and the short-term moving average is flattening, indicating that the current adjustment is mainly based on range fluctuations, rather than a unilateral trend.
On the 4-hour chart, the short-term moving average begins to gradually diverge downward, and the K line gradually bears pressure below the short-term moving average, and the trend is slightly weak in the short term. The hourly level shows that after a wave of rapid bottoming rebound, the rebound strength is limited, and the price center of gravity gradually moves downward, suggesting that the European and American sessions may continue to show a volatile correction trend. Today we will focus on the first-line resistance level of 2518-2520. If it breaks upward, the bullish trend is expected to continue; if the price fails to break through this range, it will continue to fall back.
On the whole, today's short-term gold operation advice is to mainly go short on rebounds, supplemented by longs on callbacks. The upper side focuses on the resistance range of 2518-2520 in the short term, while the lower side focuses on the support range of 2490-2493.
XAUUSD GOLD. Can give a downward movement.M pattern is forming in the 1 HR time frame and can give decent downward movement. Also technical indicators are confirming the potential movement in downward direction.
Disclaimer: this is just for educational purposes only.
XAU/USD (Gold ) Elliott-wave Road-Map for Price $2997 On the weekly time frame, gold is in 5th wave ,
Let's count the wave inside the 5th wave on the daily chart.
1st wave: $1609 to $2068. It looked like a springing bounce.
2nd wave: $2068 to $1810. It was a deep correction between 50-60% of wave 1.
3rd wave forecast: 261.8% of wave 1 is @ $2997.
Inside the 3rd wave, I have labeled waves in a green color. 5th subwave seems extended. 100% expansion is at 2997 which is 261.8% of wave 1 on a higher degree.
#XAUUSD #gold
Trading gold signals 28/8☘️Fundamental Analysis
Gold prices lost steam amid a modest recovery in the US dollar (USD) on Wednesday. However, escalating geopolitical tensions in the Middle East could help limit losses. In addition, US Federal Reserve (Fed) Chairman Jerome Powell's speech at the Jackson Hole symposium last week, signaling that it was "time" to start cutting interest rates, could support the precious metal as it reduces the opportunity cost of holding non-interest-bearing assets.
Investors will pay closer attention to speeches by Fed officials Christopher Waller and Raphael Bostic on Wednesday for some hints on the path of US interest rates. Attention will also turn to preliminary data on US annualised GDP for the second quarter (Q2) and the Personal Consumption Expenditures (PCE) price index, due on Thursday and Friday. Better-than-estimated results could lift the US Dollar (USD) and limit upside in USD-denominated Gold prices.
☘️Technical analysis
Gold is retreating from the closing level of 2424, currently gold is approaching the important area of 2509. When breaking this area, lower areas can pay attention to trading in the European session around 2503-2495. Today, the main plan is to wait for buying to break ATH. On the contrary, if the price pushes to 09 and does not break, you can buy in the 09 area. If you cannot break this area in the European session, you can close the order. The candle closes above 2020 after the European session ends, consider finding a recovery point for DCA to buy the target to break ATH.
Wish you a successful transaction.
SELL scalp zone 2530 - 2532 stoploss 2536
SELL zone 2545 - 2547 stoploss 2551
BUY scalp zone 2496 - 2494 stoploss 2490
BUY zone 2485- 2483 stoploss 2480
GOLD again in BULLISH!as Gold is Tapped in our Demand zone So we Can see Some Long Option around 50-80 pips!
use 2 target Method for this Trade!
Let's GO!
OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD PEPPERSTONE:XAUUSD
XAUUSD 1H SELL PROJECTION Reason for Sell
1. Bearish Rising Wedge Pattern breakout
2. Double Top
3. Breaked Support
4. Bearish Spinning Top in ATH
GOLD PROBABLE MOVE|Gold is now in correction move
given abc correction coverted it into WXY and now probable to go down below.
trade on your on responsiblity.
correction is expected downside
invalidation point is previous high.
XAUUSD 8/28/2024 Has the price started a new trend?
Looking at H1, we see a completed 5-wave structure followed by a correction structure. Currently, we have 2 possibilities that can happen with the current price structure
Case 1, we have a Flat correction structure with peak B equal to peak 5 as shown on the chart. Then we need to wait for the price to complete wave C to be able to trade. In this case, it is confirmed when the price breaks through the 2503.9 zone
- Case 2 is that the price has completed the ABC correction wave at the 2503.9 price zone and the price is currently in a 5-wave uptrend structure. If so, we have the current correction wave as correction wave 2 in a new uptrend structure, then we expect the price to break through the 2526.6 zone to create a new higher peak. And this case is confirmed when the price breaks through 2526.6.
Combining the possibilities we have the following trading targets. Pay special attention because the current price structure is still unclear, requiring us to manage the transaction closely.
SELL ZONE: 2536 - 2539
SL: 2546
TP1: 2527
TP2: 2519
TP3: 2523
BUY ZONE: 2512 - 2509
SL: 2502
TP1: 2519
TP2: 2531
TP3: 2536
BUY ZONE: 2498 - 2495
SL: 2488
TP1: 2509
Tp2: 2519
TP3: 2531
