XAUUSD Rising Wedge - Gold Short at Trendline BreakageXAUUSD Rising Wedge - Gold Short at Trendline Breakage Shortby PandaPipsPro334
XAUUSDHello traders ,what do you think about GOLD? On Friday, gold entered the correction by reaching the resistance zone of 2380. The correction is expected to continue until the specified zone and then grow to the specified levels. CPI data this week can be the driving force for gold If this post was useful to you, do not forget to like and comment.❤️Longby HAMED_AZUpdated 99110
XAUUSD LONG BUYGold is still in an uptrend, so we can take advantage of this trend to buyLongby InfiniteY14
XAUUSD: $2380 is possible area Gold heading towardsOANDA:XAUUSD Gold is currently in accumulation phase and likely to turn into distribution phase. Price behaviour has changed in last few days suggesting further growth in price. We need liquidity and volume boost to take the price towards 2380 that area remain 'premium price zone'. We wish you all the success in trading and hopefully our analysis gives you a understanding of future price movement of gold. Longby Setupsfx_Updated 8852
gold to 2439Hi traders would like to share my forecast for XAUUSD Hope you have profitable tradeLongby Aziztvt222
$XAUUSD - Today’s Setup - 17/05Good morning Traders ☕️ Same setup as yesterday 🙌🏻 This will be my last setup share for a while. I've decided to take a break and relax after all the hard work I've put into trading and sharing these setups with you all. 😊 This journey has been a result of hard work and consistency. Unfortunately, I feel that my analysis and efforts haven’t met the level I aimed for. I showed up every morning, sharing setups, but I didn't receive the feedback I hoped for. I genuinely wanted to help as many traders as possible by sharing my mistakes and giving insights on how to stay consistent in the market and follow a proven profitable plan. If you guys want me to continue, drop some reactions or DM me. If there’s enough interest, I'll create a smaller group for those truly interested in my strategy and way of trading, where we can learn, trade, and make money together. 💪📈 Thank you for being here, and good luck to all of you! 🍀 Take care and happy trading! 🚀✨ Trade smarter, not harder! 💼📈 Don't miss out on potential gains - Hit that BOOST button if you like the idea 👍 Share these 👉 and make sure to Follow me for your daily dose of gold trading analysis! 💯 Remember, always conduct your own analysis before jumping in. No financial advice here. XLongby alexm1011222
XAUUSD 1H Long Trade - 1:3 RRRSL: 2385.482 TP: 2489.144 In this trading strategy, we present a compelling opportunity for a long position on the XAUUSD currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3 . Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.Longby panjikadar112
GOLD (XAUUSD): 2 Bullish Patterns 🥇 After a breakout of a solid horizontal resistance on a 4H, Gold is retesting that today. Approaching the underlined area, the price formed 2 bullish patterns: a falling wedge pattern and a double bottom. 2 bullish breakouts: a violation of a trend line of the pattern and a neckline, indicate the strength of the buyers. We can anticipate more growth today at least to 2391 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader338
Selling order engaged / #2,352.80 TargetTechnical analysis: Gold is approaching weekend break so no additional calculations can be added, especially since Price-action is about to deliver Double Top on Daily chart with an estimated Higher High’s Lower zone decimal below #2,350’s. This estimate is now aligned with the Bearish Technicals (even though Powell delivered dovish surprise) and Technical necessity for Lower High’s Upper zone extension. Gold is delivering many obstacles within #2,362.80 - #2,382.80 as there are many MA's and benchmarks to get invalidated until Daily chart turns Bearish again. Gold eventually honored the Fundamental side, however Technically, Gold is Trading on a Bearish multi-Month pattern. Typically the Descending Channel is a pattern of trend change, means marking a Top and turning Bearish on Short-term even though that Daily chart’s Support zone is about to be invalidated nicely holding from mid-April.. However the larger timeframe of Weekly chart (#1W) remains critically Bearish, so again I need to pay attention of potential reversal points and Selling the Top as High (and safely) as I can. It seems that Investors who Bought Gold during the current #6-Month consecutive rise, closed their positions and Naturally takedown is about to be delivered. According to my estimations, Gold still didn’t formed a Bottom, therefore I am ready with my piercing set of Selling orders. Fundamental analysis : Gold was Technically Bearish but Fundamental side prevailed and the result is those Bullish candles you spot on the charts. Strong Resistance is seen at #2,388.80 - #2,392.80 while first strong Support is priced at #2,374.80, which means as long as Support is intact, there are more probabilities for the uptrend. It is important to note that below #2,374.80, there is only #2,362.80 to hold Gold from testing #2,352.80 benchmark but again I need to keep in mind that on these Fundamentally driven sessions, Gold can go as far as outside factor pushes it so I will not take strong bets on the market. My position: Only factor which is keeping Bullish bias alive is DX taking strong hits and as soon as DX starts reversing on new Bullish Medium-term leg, Gold will deliver decline of current Inflated Price-action. However, Gold still remains very sensitive to every Bullish development where minor Bearish spikes on DX / Gold is easily rising while DX on Intra-day correction, Selling Volume on Gold is almost non existent (very Low) as Gold should already Trade near #2,352.80 benchmark. Regardless I have engaged my Selling order with #2,386.80 entry point (#2,352.80 remains my optimal Target for the fractal). Shortby goldenBear8812
sell GOLD berish FVG good oportunity to sell dasfasdf i just have to put a description blablablabnla Shortby Thund3r_FX112
Bulls see it as a sell signal Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correctionShortby BTC-XLMUpdated 424270
PLATINUM - Close To Breakout 🧐This chart could easily be overlooked as noise with not much coherent but with simple use of the Supply Line we can see that many breakaway shakeouts (arrows) have already happened. And now much further down the line with liquidity behind it depleted; there is much more chance that there will be a real breakout. Also notice by using a lower trendline the price is close to an apex. This also increases the odds of a full breakout. This is great for " XYZ" " (client only) as both " X " and Platinum are looking bullish and it is still a deep value buy right now; could be a pump coming soon. Its become a great moment for metals and related stocks 👍. Longby dRends35Updated 337
Elliott Wave Expects Silver (XAGUSD) Pullback to Find SupportShort Term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91 and dip sin wave (2) ended at 21.94. The metal then extended higher in wave (3) towards 29.79. Pullback in wave (4) ended at 26.02 as the 1 hour chart below shows. The metal has resumed higher in wave (5). Internal subdivision of wave (5) is unfolding as a 5 waves impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 27.51 and pullback in wave ((ii)) ended at 26.99. Silver then extended higher in wave ((iii)) towards 28.76 and pullback in wave ((iv)) ended at 27.94. The metal extended higher again in wave ((v)). Up from wave ((iv)), wave (i) ended at 29.18 and pullback in wave (ii) ended at 28.5. The metal extended higher in wave (iii) towards 29.84 and pullback in wave (iv) ended at 29.31. Expect the metal to continue higher to complete wave (v) of ((v)) of 1. Then it should pullback in wave 2 to correct cycle from 5.2.2024 low before it resumes higher. Near term, as far as pivot at 26.02 low stays intact, expect pullback to find support in 3, 7, 11 swing for further upside.by Elliottwave-Forecast116
100% accurate gold trading signals.Yesterday's unilateral decline in gold ended in line with expectations and gradually adjusted towards the 2330 mark, which is also the only key support on the daily line. During the 4H cycle, the high point has been under pressure. Although there is a rebound under the 2330 first-line support in the short term, it remains to be seen whether the weakness can be changed. Pay attention to the pressure on the 2356 line above, and give priority to shorting at rebound highs. Yesterday, the market fell below the 2350 mark, then the short-term market will return to the shock range again, with support below 2330-28, followed by 2322, and the intraday range is expected to be 2356-2322by Mark-VIP008Updated 1113
Chance for XAUUSD/XAGUSD to reach 79.374 level soonFib projection off today's move against possible retrace suggests continued move to 79.374 level in next few trading sessions. The downward trend line appears to suggest the same with a downward sloping bearish pennant.by calkusiUpdated 220
XAUUSDPair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Resistance Levelby ForexDetective11
Gold is ready to run to the 2400 levels and higherAfter reaching All all-time highs, the price has been consolidating for some time. Until the price touched the order block and had quite a nice reaction. SMT confirmation is a plus. The price is supported by the FVG and another break of the structure. Now we are at mitigation block and D1 FVG which I think could hold the price support the price for the next up move to the 2400 levels and even higher, but 2400 is where I would cash out the profits. COT data looks still bearish. Although wee seen decent profit taking its overall bullish Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Longby Dave-FX-HunterUpdated 1112
THE KOG REPORT - Update (Short target complete)End of day update from us here at KOG: Yesterday we said we would be looking for price to go up towards the 2385-2390-95 region where is the opportunity presented itself, a short would be available to test into the lower support region where we were expecting a RIP. Price moves well into the region, giving the short and tapping straight into the region completing the short target level we gave. We had the added benefit of a tap and bounce from the level bringing us up to where we are now. So, what now? We have resistance at the 2385-90 region again, and below this price level we feel there is potential for a move down in attempt to break that support level 2375 and take us into the 2360-65 price point before we then see another reaction in price. Again, we're too high up to long so keep an eye on the region for a RIP, as breaking above will take us higher in to the 2410-15 price points for tomorrow. Unless you're already long from the lower support, in which case, protect and take some off the table in preparation for the Asian session. As always, trade safe. KOG Xby KnightsofGold67
XAUUSD:17/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2400, support below is 2373-35 Four-hour resistance is 2400, support below is 2373 Gold operation suggestions: Yesterday, the technical aspects of gold surged rapidly in the Asian market and broke through the 2397 mark, ushering in a suppressed and volatile downward trend. The European market reversed for a second time and came under pressure of 2394, and fell back again. In the US market, the gold price continued to bear the influence of the initial unemployment claims data. It weakened again under the 2386 mark, and finally continued to decline to rebound and close around 2370. The overall price appeared under pressure below the 2400 integer mark. Yesterday, the European market opened down around 2392-94, which became a short-term strong resistance area. Judging from the 4-hour trend of gold, the short-term support below is focused around 2370-73. The overall focus is on the 2370-2395 area to maintain selling high and buying low. The strong dividing line for short-term bulls focuses on the 2350 mark. The daily level has stabilized and bulls are still strong above this position. There is no important data today. Beware of unilateral market trends. SELL:2397near SL:2341 BUY:2373near SL:2370 Technical analysis only provides trading direction! Longby ActuaryJUpdated 10
DeGRAM | GOLD bullish takeoverGOLD continues to move in the ascending channel. After a pullback from the psychological level, the price reached the upper boundary of the area formed by a wide-range candle, where the chart immediately reacted with a bullish takeover. Now XAUUSD is trading near the resistance level, which coincides with the 62% retracement level of yesterday's pullback. We expect growth to continue after a retest of the current level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!XLongby DeGRAM119
ES UpdateHeh, slept in today Anyways, MFI headed to oversold and all we get is a small dip. Chart seems to be pointing at going long on Monday, so I'll wait until Monday.by hungry_hippoUpdated 113
GOLD CAN SELL SCENARIO Hey there on 1htF the Gold has already touched 2400 and now we can also see more downside possible will touch again 2387-2385-2382Shortby DvsTraderfirm224
Golden range profit signalGold hit the bottom and recovered to close as expected on Wednesday. The price of gold retraced its lowest support of 2351.7 and started to rise. It closed at 2385 in late trading, with a daily increase of 1.18%. It is a strong closing pattern, which also laid the foundation for Technically, after the daily closing of the Yang line, the gold price rushed towards the 2400 mark to test the resistance. Although there was no direct breakthrough in early trading, and the market has briefly entered the correction stage after the short-term retracement, we are still optimistic about the market breakthrough later. In the short term, we can only look at the conversion support of the previous high of 2378. If 2378 does not break, the market will stabilize and rise again. The best choice for intraday operations is to follow the trend with long orders.by Mark-VIP008Updated 229