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Gold Trading Strategy: Channel Breakout Approach (read-caption)Hello traders,, what do you think about gold please leave your comment..? We're focusing on gold prices within a channel. The upper boundary of the channel is marked by the resistance level at 2431, while the lower boundary is supported by the level at 2216. In this analysis, we're using a 4-hour chart pattern. - Channel Breakout Strategy: - If the market price remains within the channel and does not breach either the upper resistance level at 2431 or the lower support level at 2216, we consider it a continuation of the current trend. - In this scenario, our targets for going long (buying) are set at 2364 and 2343. - Channel Breakout for Selling: - Should the market price break above the resistance level of 2431 or below the support level of 2216, it signals a potential reversal or breakout. - If the market breaks the upper resistance level at 2431, it suggests a bullish breakout, and we look to sell. Our targets for selling in this case are set at 2216 and 2196. This strategy allows for both trend continuation trades within the channel and breakout trades if the market violates the channel boundaries. It's important to monitor price action closely to confirm whether a breakout is genuine or a false signal.
OANDA:XAUUSD
by Mr_Gushy
1
Unlocking Profit Potential XAU/USD Buy Trade AnalysisHey Nathima fams! I hope you're all doing great! I wanted to share an exciting trading opportunity I've identified on gold. Here's why it's looking promising: Weekly Strong Bullish Trend: The weekly chart is showing a robust bullish trend, indicating significant upward momentum in the price of gold. Buy Opportunity: Considering this bullish trend, I'm highly confident in a buy opportunity on gold. Target Range: I'm aiming for a target range of 2183 to 2208. This range aligns with both technical indicators and market sentiment, increasing the probability of a successful trade. Profit Potential: With this trade, there's a fantastic opportunity to make substantial profits. By leveraging the current market conditions and strategic entry points, we can maximize our gains. Let's capitalize on this opportunity together and turn it into a profitable venture! If you're ready to join me in this trade, let's make it happen and celebrate our success as a team. Here's to winning trades and amazing profits!
TVC:GOLDLong
by nathimafxreal
GOLD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis. GOLD is trading in a range, as evidenced not only by trading between levels, but also between moving averages. The reason for this is the controversial fundamental environment.. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
1
GOLD ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Please see update on our 1H chart idea. After hitting our Bullish target at 2047 earlier this week and then failing to cross and lock above confirming the rejection for the drop down into the retracement level. The retracement zone and 2020Goldturn both provided bounces inline with our plans to buy dips. We also stated that Ema5 cross and lock below the retracement level at 2032 will open the swing range, which we were keeping in mind while planning for the dip before making new commitments to ride. This is now playing out perfectly, as analysed. We will now wait patiently for price to settle down into the swing range and then use our algo activations to secure the perfect entries to buy from dips. 2005 and 1992 Goldturns are both within our swing range to provide the dynamic bounces. Our updated levels and weighted levels will allow us to track the movement down and then catch the bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week for the past 18 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2047 - DONE EMA5 CROSS AND LOCK ABOVE 2047 WILL OPEN THE FOLLOWING BULLISH TARGET 2063 2074 BEARISH TARGETS 2032 - DONE EMA5 CROSS AND LOCK BELOW 2032 WILL OPEN THE SWING RANGE 2005 1992 EMA5 CROSS AND LOCK BELOW SWING RANGE WILL OPEN THE SUPPORT STRUCTURE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GOLD ROUTE MAP & TRADING PLAN END OF WEEK UPDATEHey Everyone, Great finish to the week for us, as we completed all our Bullish targets!!!! Yesterday we stated after hitting our last target at 2086, that we will see price play between 2071 and 2086 and break of either weighted level with ema5 will determine next level. 2071 was broken with ema5 and confirmed 2063, which was hit today. Once again we were able to track the movement down and catch the bounces up in true level to level fashion. BULLISH TARGETS 2063 - DONE EMA5 CROSS AND LOCK ABOVE 2063 WILL OPEN THE FOLLOWING BULLISH TARGET 2071 - DONE 2086 - DONE We will now come back Sunday with our new multi timeframe analysis, trading plan and gold route map for the coming week and new year. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
12
$XAUUSD - Today’s Plan - 27/11Morning Traders! ☕️ 👉 OANDA:XAUUSD started the week strong with a nice push into the daily resistance zone where we can see already rejection. 💡 My plan is to join the trend and for that I have 2 buy zones ready. Bouth of them are a bit risky as liquidity is resting right under them. 🚦At the moment this is the best that I could find. ⚪ BUY ZONE: 2003.81 - SL 27-30pips ⚪ BUY ZONE: 1996 - SL 27-30pips Trade smart, not hard - Like 👉🏻 Share 👉🏻 Follow 💯 Do your own analysis before entering a trade. No financial advice.
FX:XAUUSDLong
by alexm1011
XAUUSD - Bears fail to find acceptance, Where to Next ?Gold has been on a rollercoaster this week with whipsaw price action sending mixed signals. A week that promised a lot did deliver on the volatility front but failed to provide any clarity on the possible direction of Gold prices moving forward. At the time of writing Gold trades at $1,954, just a smidge higher than last weeks close. The Fed's decision on Wednesday led to significant selling pressure on the USD, causing Gold to rebound on Thursday from its 3-month low. Market participants were confused by the Fed's pause and future economic forecasts. Fed upgraded their highest interest rate outlook to 5.6% from 5.5% with Chairman Powell ruling out rate cuts until 2023, making the USD's depreciation more interesting.
OANDA:XAUUSD
by Jiren-SphynChannels
17
Gold Analysis and Trade Idea for 20-Mar-2023Ok so market is at resistance level and we can see the resistance at 1990 and market can give fake breakouts up-to 1994 so till that price I won't recommend buy. While we can see a 4H bearish divergence which is indicating that market is going to drop this price level so my bet is for short term bearish market that can go up-to 2-3 days. What I will do in this market is scalping i'll short the price from 1990 with sl 1994 and log it near 1960 with sl of 1958. If it is an accumulation phase then market can give us multiple successful entries. This is my plan until se see the break either upwards or downwards. Overall trend is bullish so market can go up for $2007 before going further down.
OANDA:XAUUSDLong
by xeshaan
11
GoldViewFX - 1H & 4H CHART UPDATEHey Everyone, As you can see our 4H swing range did exactly what it says on the tin and gave a nice bounce on the swing range to capture 50 to 100 pips. 1H CHART UPDATE EMA5 cross and lock below 1825 opened structure support, which was hit perfectly at 1809 and gave the perfect bounce. We took a buy and trailed it to 1820 for a safe exit. We will need to see a challenge and break above 1825 to resume with Bullish movement up towards the back to benchmark area of the breakout. Price is still sitting between the structures and therefore another structure support test is not out of the question. A break below structure support will open the lower levels The long-term outlook is still bullish, as rates will inevitably wind down at some point, giving gold a boost. All the gains for gold last week were eroded yesterday but the metal still looks resilient and even more so given that the 10 year bonds have retraced back to the 4% area. Market participants are keen not to roll over their longs quite yet and will wait for signs of a sell-off below major support levels. Position traders are keen to hold on to their entries from where they deem to be the bottom. Where that bottom actually is depends on what happens next week. All eyes will be on the data so keep it light and tight. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14