DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 17 May 2024 SELL LIMIT Order: $2387.39 Stop Loss: $2397.77 Take Profit 1: $2377.27 Take Profit 2: $2363.80 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
Simple trading - Cup and handle pattern Watch gold to see if the handle will be filled. I have marked the probable retracement using the FIBB (purple lines) If gold manages to hold above .618 or 2340 we can look to continue buying. With the DXY making its way back up after testing previous support (104.05) it is only a matter of time before GOLD gets the...
XAU/USD has just bounced off the support level which is an overlap support that lines up with the 38.2% and the 50% Fibonacci retracement and could potentially rise from this level to our take profit. Entry: 2,374.74 Why we like it: There is an overlap support level which lines up with the 38.2% and the 50% Fibonacci retracement. Stop loss: 2,358.30 Why we like...
I shorted gold at 2385, 2390 and 2395 overnight according to the trading strategy. If you read my last article carefully, I believe you have not missed the short trading plan. Currently, gold has fallen back to around 2383. I have Closed all short positions at 2384 and is considering going long gold. Although gold continued to fall today, it showed strong...
News: The United Nations Security Council passed a resolution clearly calling for an immediate ceasefire in Gaza and the release of all hostages. Demands an immediate ceasefire during the Muslim fasting month of Ramadan, which ends in two weeks, and the release of all hostages held by Hamas in an attack on southern Israel on October 7 last year. The deadline ends...
Gold prices hide huge buying opportunities. 2190-2194buy 2183-2187SL tp2207-2212
Hey Everyone, Please see our updated 1H chart we have been tracking since Sunday with only the retracement range Goldturn updated with current data. Our chart idea has played out perfectly inline with our plans to buy dips with the move up from the retracement range all the way into hitting all our Bullish targets we highlighted on Sunday. 2408 is our final...
Gold ended the week higher after a late rally on Thursday and Friday. It had initially pulled back from its all-time high due to trendline resistance. The precious metal is expected to react to the latest US inflation data, which affects Treasury yields, interest rate expectations, and the US dollar. Gold bulls are hopeful that softer CPI data will drive the metal...
We expect a decline, and the decline will be confirmed when 1.35498 is broken when the daily candle closes below this number. We expect a decline to the next number 1.33632.
Gold was under a downtrend that it broke. Now we can expect a pullback to the support range and continue the uptrend towards targets 2352 ~ 2358.
World gold prices increased sharply with spot gold increasing by 27.4 USD to 2,385 USD/ounce. Gold futures last traded at 2,391.8 USD/ounce, up 31.9 USD compared to yesterday morning. Gold prices rose to their highest level in more than 3 weeks on May 15 (US time) thanks to support from the weakness of the greenback and falling yields after the latest inflation...
Nzdcad has been trending for a while, I'm looking for a pull back to my demand zone, and I will initiate a buy trade, my stop loss will be below my demand zone while my take profit will be at recent high. TRADING THE FINANCIAL MARKETS IS A DANGEROUS GAME ALWAYS USE STRICT RISK MANAGEMENT PROTOCOLS AND ALWAYS DYOR!!!
GOLD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short GOLD Entry Point - 2373.9 Stop Loss - 2393.6 Take Profit - 2339.7 Our Risk - 1% Start protection of your profits from lower levels ❤️Please, support our work with like & comment! ❤️
We are buying, waiting for the market to activate the purchasing zone we have specified
We are looking for a BUY on OANDA:XAUUSD tonight. There might be two scenarios that play out, we are prepared for either. First scenario is what we charted. Second is below. Second Scenario: Important prices tonight: - 2378.55 - 2366.57 🧠 Helpful Tip: Remember to keep your stops small and profits large.
OANDA:XAUUSD Price is currently in making of AB=CD pattern where price already have made AB and from point 'c' price have rejected and in our view it is on the verge of rebounding strongly towards 2400$ region. Which remain a key level for many sellers and other institutional traders. Use accurate risk management.
As posted on last December, gold is building wave 5 with a text-book elliottwave structure. Now in wave 3 of 3. A move back to ext 0,618-0,764 is expected to complete wave 4 of 3. Then it will continue up to follow the shown trajectory.
EURUSD We are buying, waiting for the market to activate the purchasing zone we have specified