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 05 June 2024 SELL LIMIT Order: $2338.67 Stop Loss: $2353.14 Take Profit 1: $2324.46 Take Profit 2: $2305.55 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
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Gold is neutral on the 1D timeframe (RSI = 47.738) but turned bearish on its 4H technical outlook (RSI = 42.512, MACD = -2.860, ADX = 30.716) as it formed the first 4H Death Cross since January 15th. If Gold fails to reclaim the 1D MA50 and establish a week of trading over it, we project a slow decline same as January-February aiming at the S1 level (TP = 2,300)....
After the sharp rise in gold, the market did not continue and continued to rise and fall. The bulls just tried to resist, but they were still unable to do so. Gold is still in a short trend, and the current price is 2345. It is directly short! The 1-hour moving average of gold continues to cross downward and the short positions are arranged. The short positions...
On June 4, Tuesday, in the early Asian session, it was reported at $2,332.41 per ounce. It rose nearly 1% on Monday to close at $2,350.28 per ounce, as weaker-than-expected U.S. economic data solidified expectations that the Federal Reserve will cut interest rates later this year, driving down the dollar and bond yields, helping gold prices rebound from near the...
Here Gold has been forming support and resistance going back to liquidity grap and now rising up againg so is likely to move up after a serious of bounce back now going for LONG is needed and Stoploss should be around 2314.000 and targering profit should be 2347.000 . So it expected to use money management
Hey Everyone, Please see update on our 1h chart shared on Sunday. We got our 2331 hit followed with a cross and lock opening 2345 and 2359. 2345 was hit and now only 2359 left. The rejection before this gap followed with a repeat of yesterdays action to find support just above the retracement range again. We were able to buy dips inline with our plans to...
Gold is moving near the Resistance zone($2,373-$2,353) , Resistance lines , Monthly Pivot Point , and Yearly Resistance(2) . According to Elliott's wave theory , Gold seems to be completing the Flat Correction(ABC/3-3-5) . I expect Gold to break the Support zone($2,337-$2,318) soon. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to...
Yesterday, after initially breaking below the 2325 support level, gold reversed and rose to test the 2350 resistance zone for the third time. Bears capped gains in this zone, and now the price has started to roll back down. As long as this zone acts as a ceiling, there is a high chance of a drop below 2300. Confirmation of this comes with a clear break below...
hello guys... as you can see I published this analysis before: now you can set a short position for this pair! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Stimulated by the risk aversion news, gold rose again to around 2355. I have already reminded you in my article yesterday. Gold is still not in a bearish trend overall. If gold rebounds to the 2345-2350 area and then falls, gold is still expected to test a new low, but the time period will be extended. Gold fell back to around 2326 in the short term. Judging...
Will be looking to go short on gold at the fibo 61.8 level. On 5 mins we have an singlw candle OB at that level. ENTRY: 2,341.00 TP: 2,321.00 SL: 2,345.00
My bias is honestly, Gold to the moon...always.. :) At the present moment though I feel as If my technicals tell me the ONLY entry I should be looking for is a Sell..... I dont bracket my trades so heres the entry... Should price action change before 11 am Ill make adjustments
We are waiting for the market, the purchasing area, to react to us and buy from the area we have specified
We see the trend being upward, but the market must correct in the area that we have identified and go down to the buying zone and then go up.
Yesterday after the PMI news was announced, we witnessed a price increase to the 2354 area. - The PMI index is used to measure the degree of expansion of industries. We see that this index is lower than the previous period, which continues to support the fact that the US economy currently continues to show signs of decline. - In recent weeks, economic indicators...
Trading Setup: A Trading Signal is seen in the XAUUSD Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 2327.9 ⭕️SL @ 2318.4 🔵TP1 @ 2351.0 🔵TP2 @ 2371.5 🔵TP3 @ 2389.3 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex,...
My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2329.4 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2341.4 About Used Indicators: By the very nature of the supertrend...