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XAUUSD_LMAX trade ideas

Gold is in RangeAs per TPO chart on gold for 30 Min: Market Sentiments looks like the market is trying to find its base after that sharp drop we saw last week. There's been some buying interest as the price has started to stabilize a bit higher, but the ups and downs show there's still some uncertainty in the air. We have seen multiple rejection from 30-35 area and the dip from this range might suggest a bit of short-term bearishness, but since we're still close to the normal trading range(2620-40 Now), it's not too alarming.
OANDA:XAUUSD
by TheGoldenCircle
GOLD goes sideway to celebrate the New YearScenario 1: Sell Trade Idea: Wait for the price to reach the FVG H1 or Supply Zone and confirm a bearish reversal before entering a sell trade. Entry Point: Sell within the range of 2,631 - 2,643 (inside the FVG H1). Look for bearish reversal candlestick patterns such as Doji, Shooting Star, or Bearish Engulfing. Stop Loss (SL): Place the SL above the Supply Zone at 2,665 to protect against a breakout. Take Profit (TP): Target 1: 2,621 (Demand H1, nearest support). Target 2: 2,616 - 2,596 (Lower Demand Zone, stronger support). Risk-to-Reward Ratio (R:R): For Entry at 2,640 and SL at 2,665: TP1: R:R ~ 2.0. TP2: R:R ~ 3.6. Scenario 2: Buy Trade Idea: Wait for the price to drop into the Demand H1 or lower Demand Zone for a buying opportunity when bullish reversal signals appear. Entry Point: Buy within the range of 2,621 - 2,616 (Demand H1). If the price breaks this zone, wait for it to reach 2,596 - 2,584 (Lower Demand Zone). Stop Loss (SL): Place the SL below the Demand Zone at 2,582 to safeguard against further drops. Take Profit (TP): Target 1: 2,631 (Fibonacci 0.5 level and FVG H1). Target 2: 2,643 - 2,650 (next resistance area). Risk-to-Reward Ratio (R:R): For Entry at 2,621 and SL at 2,582: TP1: R:R ~ 2.5. TP2: R:R ~ 4.5. Key Notes: Signal Confirmation: Use additional indicators like RSI (to confirm overbought/oversold levels) or MACD (to validate momentum). Risk Management: Risk no more than 1-2% of your capital per trade. Price Action Monitoring: Observe closely how the price reacts at the supply and demand zones to make informed decisions.
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by Homnaytradegi
Building Emotional Intelligence in Trading: Your Edge for 2025 Emotional intelligence (EQ) is often the unsung hero of successful trading. It involves understanding your emotions and those of others to enhance decision-making, manage stress, and navigate the often tumultuous financial markets. Here's how to leverage EQ to improve your trading outcomes in the coming year: 1. Self-Awareness - Know Your Emotional Triggers: Concept: Recognize what emotions drive your trading decisions. Are you prone to fear, greed, or overconfidence? Application: Keep a trading diary where you note not just your trades but your emotional state before, during, and after each transaction. This can reveal patterns in how emotions affect your trading. 2. Self-Regulation - Control Impulsive Reactions: Concept: Manage your reactions to market movements to avoid knee-jerk trades. Application: Set pre-defined rules for when to trade and when to step back. Use techniques like deep breathing or stepping away from the screen to calm down during high volatility. 3. Motivation - Stay Driven by Your Goals: Concept: Use intrinsic motivation to keep your focus on long-term goals rather than short-term gains or losses. Application: Define clear, long-term trading objectives and remind yourself of these goals when facing setbacks. Celebrate small wins to maintain motivation without becoming complacent. 4. Empathy - Understand Market Sentiment: Concept: Gain insight into how others perceive the market, which can be as crucial as technical analysis. Application: Monitor market sentiment through news, social media, and community discussions. This broader perspective can help you anticipate market moves based on collective behavior rather than just individual analysis. 5. Social Skills - : Concept: Build and leverage relationships with other traders for mutual growth and support. Application: Engage in trading communities, share your insights, and learn from others. Networking can provide emotional support, new strategies, and a sense of belonging which is vital during tough market conditions. Practical Steps for Enhancing EQ in Trading: Regular Reflection: Dedicate time weekly to reflect on your emotional responses to trades. What went well emotionally? What could be improved? Mindfulness Practices: Incorporate mindfulness or meditation into your routine. This can aid in maintaining focus and managing stress, both critical in trading. Emotional Check-ins: Before making a trade, do a quick emotional check. Are you feeling pressured, excited, or calm? Adjust your approach accordingly. Scenario Planning: Visualize different market scenarios and your emotional responses to them. This mental preparation can help in real-time decision-making. Continuous Learning: Read about behavioral economics or psychology related to trading. Books like "Thinking, Fast and Slow" by Daniel Kahneman can offer profound insights.
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by TheGoldenCircle
XAUUSD holding buy from 2606 ,trail SL 2617 Target 2655,2671Disclaimer - 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 Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OLong
by JaiPrakashShuklaHarmonicTrader
PLAN GOLD 27/12Analysis of the Current Strategy (XAU/USD - Gold) 1. Price Levels: • Resistance Zones: • Around 2,649.986 and 2,653.504 (marked in the upper region). • Support Levels: • Immediate support near 2,626.863. • Major support near 2,529.570 - 2,528.831. 2. Mitigation Block: • A key mitigation block is identified slightly above 2,641.994. • This suggests a potential supply zone where sellers may become active. 3. Chart Patterns: • An ascending wedge pattern is forming, which indicates price consolidation and potential exhaustion. • This pattern suggests that the price may experience a breakout or reversal soon, especially near resistance levels. 4. Volume Profile: • Significant volume observed near 2,636.006 indicates heavy activity, possibly a key pivot zone. • Volume decreases in higher price regions, showing reduced participation from buyers as the price approaches resistance. 5. Market Context: • Bullish Momentum: Current price action indicates a gradual upward movement, retesting higher levels. • However, resistance around 2,649.986 might act as a cap, leading to a potential pullback. 6. Trade Idea: • Sell Scenario: Look for rejection signs or bearish candles near 2,649.986 or in the mitigation block. Targets could be around 2,626.863 or lower. • Buy Scenario: If the price finds strong support near 2,626.863 with volume backing, a rebound towards 2,641.994 or higher could be viable. 7. Key Levels to Watch: • Entry Zone: Near the mitigation block (2,641.994). • Stop Loss: Above 2,653.504 for short trades. • Take Profit: Around 2,626.863 for shorts or 2,649.986 for longs.
OShort
by AlexFX_xiii
2
Gold Trading Strategy for 27th December 2024Gold Trading Strategy Buy Scenario Entry Point: Enter a Buy trade if the price of gold closes above the high of the 1-hour candle at 2641. Upside Targets: First Target: 2647 Second Target: 2653 Third Target: 2658 Stop Loss: Place a stop loss below the nearest support level or the low of the breakout candle to limit risk. Sell Scenario Entry Point: Enter a Sell trade if the price of gold closes below the low of the 1-hour candle at 2627. Downside Targets: First Target: 2620 Second Target: 2615 Third Target: 2609 Stop Loss: Place a stop loss above the nearest resistance level or the high of the breakout candle to limit risk. Important Notes: Ensure that you confirm the breakout with additional indicators, such as RSI, MACD, or Volume, to reduce the chances of false breakouts. Consider the prevailing market sentiment and any upcoming economic news or events that could influence gold prices. Disclaimer: This trading strategy is provided for educational and informational purposes only. It does not constitute financial or investment advice. Trading in financial markets involves significant risk, and there is no guarantee of profit. You may lose more than your initial investment. Please ensure that you understand the risks involved and only trade with capital that you can afford to lose. Before making any trading decisions, consult a qualified financial advisor or conduct your own research to align with your risk tolerance and financial goals. Past performance is not indicative of future results.
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by ramkkyy
Happy Newyear XAUUSD (GOLD)Gold will continue to trend sideways during the holidays. The expected target if increased will not exceed 2650 and decreased not less than 2600. Key Zones: Supply Zone: Located between 2,629 and 2,634. This is a significant resistance area where selling pressure might occur, leading to a potential price reversal downward. Demand Zones: Demand M15: A smaller demand zone on the 15-minute timeframe, located between 2,611 and 2,612. This zone is expected to see a short-term price reaction upwards. Demand H1: A stronger demand zone on the hourly timeframe, located between 2,604 and 2,608. This acts as a more robust support level if the price declines further. FVG H1 (Fair Value Gap): Positioned above the Supply Zone. This indicates an imbalance in liquidity on the H1 timeframe, where the price might revisit to fill the gap. 2. Price Pattern: Neckline Bottom Pattern: The price is testing the neckline level (indicated by the horizontal black line). A breakout above the neckline could trigger further upward momentum toward the Supply Zone. 3. Trading Scenarios: Bearish Scenario: Entry Point (Sell): Around the Supply Zone (2,629 – 2,634). Stop Loss: Above the Supply Zone, approximately at 2,635. Take Profit: First target: Demand M15 (2,612). Second target: Deeper level at Demand H1 (2,604). Bullish Scenario: Entry Point (Buy): Around Demand M15 (2,612) or Demand H1 (2,604). Stop Loss: Below the Demand H1 zone, around 2,603. Take Profit: First target: The neckline level or around 2,624. Second target: Supply Zone (2,629 – 2,634). 4. Key Notes: Ensure confirmation of price reaction at each zone before entering trades (e.g., candlestick patterns, volume spikes, or momentum indicators like RSI or MACD). Monitor price behavior around the neckline. A strong breakout could invalidate the bearish scenario.
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by Homnaytradegi
XAUUSD buy holding @2606 support 2620,2608target 2643,2655,2671Disclaimer - 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 Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
O
by JaiPrakashShuklaHarmonicTrader
2
Gold is currently stuck in Sideways range The 4-hour gold chart shows a consolidating price around 2600-2,630 area, following a downtrend and a slight recovery attempt. Key support lies at 2,600 as a psychological level, with resistance around 2,650 for a breakout confirmation. F or intraday trades, the bias is neutral, Swing traders should wait for a breakout above 2,650 for a move toward 2,700+ or a breakdown below 2,600 for a drop toward 2,550. The market appears indecisive, so focus on quick trades until a clear direction emerges. On daily TF The chart is in a clear uptrend , with higher highs and higher lows. the price finding support around the 2,600 level: This suggests the market is in a retracement phase, potentially gearing up for the next big move and we need to wait for potential buying opportunity soon within 1-2 weeks in January after confirmations.
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by TheGoldenCircle
Daily XAU/USD Analysis: 25/12/24Daily XAU/USD Analysis Range Overview: On the Daily timeframe, XAU/USD shows a demand zone at 2576.045 and a supply zone at 2643.595. The price is currently moving toward the Daily Demand level (2576.045), which could trigger a pullback toward the Daily Supply at 2643.595. Areas of Interest (A.O.I.): Supply Zones: Weekly: 2627.575 Daily: 2643.595 4H: 2620.67 (Recent), 2644.91 1H: 2624.65, 2635.35 5M: 2638.30 Demand Zones: Weekly: 2529.300 Daily: 2576.045 4H: 2604.075 (Recent), 2576.045 1H: 2606.285 5M: 2603.625 This analysis highlights the key levels to watch, helping traders anticipate potential market movements and plan their trades accordingly. If you'd like to learn how these levels are calculated or how to incorporate them into your strategy, feel free to contact us or book a quick consultation. Looking forward to your success in trading!
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by MrSolanki
One more SHORT plan with XAUUSD - GOLD on TF M15It's Xmas day so that the Volumn of Market is week --> so that the price is very slow But with the Cloud Trending System I saw some good signals to make a SHORT sell plan for GOLD OANDA:XAUUSD today. On M15 Time Frame: I saw a "Confirmed downtrend signal" I saw a Downtrend Market Structure : LOWER HIGH I saw downtrend on main trend of 4 time frames: H4-H1-M30-M15 Specially, I also saw a "Break down follow trend" signal on M15 Cloud Trending Chart So I make one more SHORT SELL plan for GOLD XAUUSD today with Entry zone = 2616-2617 Stoploss = Trailing Stoploss (a Pink color line above the cloud) Target 1 = about 2608 Target 2 = about 2598 ============ Another: Check this plan yesterday : still running....
OShort
by KenvinZone
1
Gold Trend 25/11 - Expect 2nd round of profit taking above 2700Technical rebound + Russia/Ukraine situation rapidly deteriorated, causing gold prices to rebound strongly over $150 last week. Following the rebound from the week before, the gold price opened at 2562 and quickly reached our target of 2620 early last week. Russia and Ukraine exchanged missiles and Putin eased the conditions for the use of nuclear weapons, boosting the gold price further. By the end of the week, the gold price reached the weekly high of 2715 as the market priced in the risk premium right before the weekend. The gold price retreated sharply back from the weekend, falling to as low as 2658 in the Asian secession on Monday. We can expect the investment market to be relatively quiet this week as Thanksgiving weekend is approaching. Geopolitical situations will continue to dominate the gold trend this week. Since the gold price has surged over 20% from the beginning of the year, as long as the situation in Ukraine does not intensify, the price above 2,700 should be a good opportunity for institutional funds to seize profits from the beginning of the year before the year's end. 1-hr chart (above) > Gold price has entered a horizontal range pattern after it crossed the downward trend resistance line (1) last week. Take advantage of the 2650-2710(2) for now, and pay close attention to the development of the situation in Russia/Ukraine, the market may price in the risk premium once again before the Thanksgiving long weekend! Daily chart (above) > The rapid correction in the Asian session on Monday is causing a reversal signal to appear on the daily chart(3). Wait for the price to close below 2670 on Monday, once the reversal signal is completed, the price should return to 2600 or lower in the next two weeks. Please give us a 🚀 if you like our work! P.To
T
by 1uptick
XAUUSD holding buy from 2606 ,2638,2655,2671 Target sl 2608Disclaimer - 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 Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hit
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by JaiPrakashShuklaHarmonicTrader
Merry Christmas Xauusd 24.12.24I expect that Gold will create an Inverse Head and Shoulders price model. The reversal point of the right shoulder will be around the price mark 2610 -2614. And the completed target will be around 2630. And this model is only confirmed when the price breaks through the 2620 price range. At that time, we can buy again around the 2616 mark and continue to target 2630. You can refer to my trading plan. Please Follow me for regular updates. Merry Christmas
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by Homnaytradegi
Gold : Almost flat in Holiday weak Gold price is now trading in structure like a bearish flag, which usually means it might not be done falling yet. Right now, gold's hanging out around 2,619-20, near to weekly pivot point " If price decides to break out below this flag, it's probably going to keep sliding down, looking for support at lower levels. If by some chance it decides to pop up, it'll have to fight through some resistance to keep climbing and the main resistance that we have to watch in higher side is 2650 for bullish continuation. Given that it's the holiday season, it makes sense that the price is just chilling out, moving sideways with not much action going on.
OShort
by TheGoldenCircle