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Xauusdwave

Gold Trading Strategy 12/23Last Friday, we successfully hit our long target in the 2623-2632 range, after which gold faced resistance near 2632 and pulled back. With no major news over the weekend, the focus shifts back to technical trading. For this week, we are mainly looking at: Long positions in the 2615-2605 support zone. Short positions in the 2636-2648 resistance zone. Key Considerations for the Week: Pay close attention to the support and resistance lines . Any breakout above or below these levels will require a quick adjustment to your trading strategy. Stay vigilant and be ready to adjust positions as market conditions evolve.
OANDA:XAUUSDShort
by TradingGuide_Dean
Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips. So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630. So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Start going long goldBros, yesterday I emphasized that the key resistance area for gold in the short term is in the 2720-2725 area. Starting from today's London market, gold is just suppressed below 2720 and is currently fluctuating in the 2720-2700 area. In fact, at this time, whether we participate in long or short transactions, we have no way to make a move! According to the current decline, gold is just profit-taking, and it is not sold off. If gold is sold off, the decline will be far more than that. So it is not completely certain that gold will return to the short trend. So the bulls still have the ability to fight back. The 2705-2695 area below is the last line of defense for the bulls. If gold falls below this area, then gold may be sold off and continue to fall. But before a break below this support area, we have one more opportunity to go long gold. If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
Ready to go long on goldGood morning, bros! Let's re-examine the gold market together! Gold fell back again after touching around 2674, with the current lowest falling to around 2661. From a short-term structural point of view, gold constructed a sub-high of 2674 at the hourly level, forming an 'M' top structure with yesterday's high of 2676, forming a negative impact on gold. A certain degree of technical pressure; However, from an overall perspective, if gold cannot fall below the 2650 position during the fall, it will reduce the pressure on the hourly level 'M' top and accumulate energy during the fall, which will help gold continue to fall after the fall. The price fluctuates and rises, and it is easier to break through the resistance in the 2678 area, and may even continue to rise to the 2680-2690 area. So in terms of short-term trading, we can use the 2660-2650 area as support and try to go long on gold! Bros, are you bullish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
Mainly short gold, but there is still an opportunity to go long.Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area; But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580. Trading strategy: 1. Short gold with 2630-2635 area as resistance; 2. Try to long gold with 2610-2600 area as support (only try once) 3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area Bros, how are you going to trade gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Gold’s Key Support at RiskGold is once again in a downtrend, and the key level to watch is the support zone between 2618-2609. If this support holds, gold may form a double bottom, increasing the chances of a rebound. However, if the support breaks, this could likely be the final leg of a five-wave downtrend, and the decline could be the largest of the current cycle, potentially breaking below 2600 and reaching 2580, or even lower.If you're looking to go long on gold (trend trading), you will need to wait for the end of the five-wave decline and for a clear bottoming pattern to form before making your move.
OANDA:XAUUSDShort
by TradingGuide_Dean
Gold breaks new high againGold prices hit a high of 2509 last Friday and closed at 2506, crossing the 2500 mark for the first time in history. Last week, it closed steadily at the 2500 mark. Although it fell back at the opening of this week, the support of 2480 below was not broken, and the overall bullish thinking remains. If the gold price can remain above the key support level and the technical indicators show a positive trend, you can consider going long on dips; if the gold price approaches the important resistance level and the technical indicators show signs of overbought or divergence, you can consider going short on rallies. - Operation strategy: - Pay attention to the 2528 position. If it reaches the 2525 position, you can try to go short with a light position, and then watch the gold price go down to test the 2500 support. The stop loss of short orders can be set in the 2530-2535 range. You can go long directly at 2500, TP2530-40
OANDA:XAUUSDLong
by Kevin-Trading-King
1
Gold with two probabilities for 10/22/2024Gold with a high probability to make the decision for 10/22/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
FXOPEN:XAUUSDShort
by Abderrahmane_24
1
XAUUSD 21/10/2024 Is the rally over? Looking at H1 we see that wave 3 is still continuing. - The target of wave 3 we measure at the price zone 2736 - 2739 or the price zone 2800 - First we look at the price zone 2736 - 2739, this is the minimum target price zone of wave 3 ending at this zone, so when the price approaches, there is a high possibility that the price will react at this zone, so we will set a SELL target at this zone - Next, there is an area determined by the confluence of Fibonacci, which is the 2768 zone, this is also the resistance zone that the price must overcome - With the structure that is completing wave 3 like this, our priority target is BUY at the end of wave 4 to follow the uptrend of wave 5 - With the assumption that the target of wave 3 ends at the price zone 2736 - 2739, the target zone to end the adjusted wave 4 is the price zone 2706 - 2703 or the price zone 2693 - 2690 Trading Plan SELL ZONE: 2736 - 2739 SL: 2746 TP1: 2717 TP2: 2706 BUY ZONE: 2706 - 2703 SL: 2700 TP1: 2718 TP2: 2725 TP3: 2738 BUY ZONE: 2693 - 2690 SL: 2683 TP1: 2706 TP2: 2718 TP3: 2738
OANDA:XAUUSDShort
by DEEKOP
1
XAUUSD 18/10/2024 Is the uptrend over? Looking at H1 with the price making a new ATH yesterday this confirms to us that the corrective wave 4 has ended and the price is currently in red wave 5 - Looking at the smaller wave level we are seeing that in red wave 5 the structure of wave 1 and wave 2 is being formed and the price breaking through the top of wave 1 proves that the price has confirmed that the corrective wave 2 has ended and it is currently wave 3 - In wave 3 the uptrend is the main trend for us to place orders - The price zones that return based on Volumeprofile I have identified 3 price zones in which the price zone 2696 - 2693 and the price zone 2669 - 2666 are the important price zones we pay attention to - For the Sell zone we expect the first target of wave 3 at the price zone 2736 - 2739 which is the sell target price zone Trading plan BUY ZONE: 2696 - 2693 SL: 2688 TP1: 2709 TP2: 2737 BUY ZONE: 2669 - 2666 SL: 2664 TP1: 2685 TP2: 2695 TP3: 2717 BUY ZONE: 2657 - 2654 SL: 2647 TP1: 2668 TP2: 2685 TP3: 2694 SELL ZONE: 2736 - 2739 SL: 2746 TP1: 2717 TP2: 2697
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 16/10/2024 Is the uptrend over? Looking at H1 we see that the price has completed a 5-wave structure and a 3-wave corrective structure, so in the larger wave structure we have that wave 1 and wave 2 have been completed - In the current wave structure, after a 3-wave bearish structure there will be an uptrend - Looking at the current price line we have a red 5-wave bullish structure forming - Our problem is to determine the target of the red wave 5 - I measure the expected area of ​​the red wave 5 is the price zone 2674 - 2677 - After completing the red 5-wave bullish wave there will be 3 corrective waves, the target area of ​​this corrective wave is the zone 2653 - 2650 - In case the price breaks below this zone to approach the zone 2639 - 2636, this is the price zone where the recovery may not be as strong as the zone above Trading plan SELL ZONE: 2674 - 2677 SL: 2684 TP1: 2661 TP2: 2655 BUY ZONE: 2653 - 2650 SL: 2645 TP1: 2663 TP2: 2673 BUY ZONE: 2639 - 2636 SL: 2629 TP1: 2649 TP2: 2655
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 14/10/2024 price and will continue to increase? Looking at H1, we see that the price has just completed a 5-wave structure 1 2 3 4 5 as I have labeled on the chart - Following a 5-wave structure will be a 3-wave correction structure - Looking at the current price line, I see that the price has likely completed wave A in the ABC structure and is currently completing wave B - The target for completing wave B is the price zone of 2654 - 2657, which could be a very good SELL target price zone - If the price breaks through the price zone of 2661, it will confirm that our current wave-down process is not correct, and then we will have an extended wave 3 structure and the peak of wave 3 will coincide with the current wave 5. then we will have the target price zone 2670 - 2673 is the target price zone for the correction - Regarding the target of the end of the correction wave, I measured 2 target price zones, which are the zone 2632 - 2629 and the price zone 2613 - 2610, this is the target price for the end of the correction wave - we have an important price zone 2606, if the price breaks below this zone, it confirms that the uptrend has not started yet and the price continues the correction process, then I will have the correction targets Intraday trading plan SELL ZONE: 2670 - 2673 SL: 2680 TP1: 2662 TP2: 2653 TP3: 2637 BUY ZONE: 2632 - 2629 SL: 2627 TP1: 2653 TP2: 2661 TP3: 2670 BUY ZONE 2613 - 2610 SL: 2603 TP1: 2624 TP2: 2637 TP3: 2661
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 10/11/2024 Will gold price drop further? Looking at H1 we see - The price has re-entered the 2624 zone, which is the bottom zone of wave W, so we have the necessary conditions to say that the correction trend has ended - The sufficient condition for the trend to end is when the price breaks through the peak zone of wave X, which is the 2674 zone - In the case when the price continues to go below the 2624 zone, we will have the correction trend has not ended because then the price is likely to continue to decrease to the next target zone, which is the 2591 zone and the 2571 zone About the intraday trading plan We rely on the Volumprofie zone to determine potential supply and demand zones - In this price zone, we have two potential demand zones, the 2624 - 2621 price zone and the 2613 - 2610 price zone, which will be our BUY target - We also have two major supply zones, the 2648 - 2651 zone and the zone 2670 - 2673 is the zone we use to SELL Specific trading plan SELL ZONE: 2648 - 2651 SL: 2643 TP1: 2637 TP2: 2624 SELL ZONE: 2670 - 2673 SL: 2680 TP 1: 2662 TP2: 2653 BUY ZONE 2624 - 2621 SL: 2619 TP1: 2637 TP2: 2653 BUY ZONE: 2613 - 2610 SL: 2603 TP1: 2624 TP2: 2637
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 10/10/2024 correction is over? Looking at H1 we see that the price is in a complex correction pattern WXY During a complex correction, trying to label the waves accurately is very difficult and not feasible for real trading. Instead, we look for potential targets for the end of the corrective wave I measure the end target of wave Y at 2 price zones, which are the 2589 - 2586 zone and the 2575 - 2572 price zone, which is also the price zone where we set the BUY target Looking at the sideway price zone, we see that in this zone, there are 2 large supply zones, which are the 2639 - 2642 zone and the 3670 - 2673 zone, which will also be our SELL target zone At the moment, my expectation is to catch the bottom of the upcoming uptrend, so we will pay special attention to the BUY zones Trading plan BUY ZONE: 2589 - 2586 SL: 2584 TP1: 2606 TP2: 2622 TP3: 2661 BUY ZONE: 2575 - 2572 SL: 2565 TP1: 2585 TP2: 2606 TP3: 2661 SELL ZONE: 2639 - 2642 SL: 2650 TP1: 2625 TP2: 2606 TP3: 2594 SELL ZONE: 2670 - 2673 SL: 2680 TP1: 2662 TP2: 2641 TP3: 2625
OANDA:XAUUSDShort
by DEEKOP