XAUUSD: +2000 Pips Price is Forming AB=CD PATTERNDear Traders,
After looking at how price behaved since last week, we think there is a chance for price to drop to 2330$ which remain a crucial area where we can see reversal and potential a big buy opportunity. Wait for pattern to be completed once the pattern has been formed, we can see strong buying pressure kicking in the market. We wish you all the best and trade safe.
Good luck and trade safe!
Xauusdidea
XAUUSD Gold Technical Analysis and Trade Idea👉🔍 We can observe that XAUUSD (Gold) has been in a strong bullish trend recently. However, it has experienced a significant retracement into a key support zone. In the video, we discuss market structure, price action, the trend, and the fact that this has moved into a significant liquidity pool. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for educational purposes only and should not be considered financial advice. 📊✅
XAUUSD July 25, 2024 Where will the drop end?
Yesterday I gave you a plan to sell at 2431 - 2434, we filled TP3 with a profit of 600 pips.
- Today the price has dropped to the 2370 price range, surpassing the 2382 price range, so the purple wave C in the purple ABC correction wave has been confirmed.
- Looking at the sharp decline in price moving quickly and sharply, we expect this to be wave 3 in a series of 5 waves of the purple wave C
- Our task is to determine the ending point of wave 5 in the purple wave C and that is also the ending point of the purple wave C to start BUY.
- Measuring the target of wave 5 as well as the purple wave C, we have target price zones ending at 2365 and 2349.
Trading plan
BUYZONE 2465 - 2462
SL: 2455
TP1: 2382
TP2: 2394
TP3: 2399
SELL ZONE: 2411 - 2414
SL: 2421
TP1: 2400
TP2: 2394
TP3: 2382
Start shorting goldThe magic reappeared, and gold once again reached the target area of 2420-2430 as expected. We have gained a lot in long positions in the past two days. So what everyone is concerned about now should be whether gold can continue to rebound? Or where can it rebound in the short term.
In fact, from the current structure of gold, gold is now facing resistance in the 2430-2435 area, because gold has fallen from 2484 to around 2384, and the 50% area is just around 2433-2435; and even the 61.8% area is only around 2445, so after the rebound of gold, it is facing resistance in the 2433-2435 area, and there is resistance in the 2440-2445 area above. I think gold may usher in a correction at any time in the short term.
In addition, from the US dollar index, the US dollar has been supported near 104 since it broke through 104. The US dollar still has the potential to continue to rebound with this support, which will suppress gold to a certain extent!
So, for gold trading, I think we can start trying to short gold in the 2430-2435 area.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD - GOLD - Scalping Mode! 24th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD: 400+ Pips Buying Big Opportunity! Swing BuyOANDA:XAUUSD
Price has turned bullish as we suggested in our previous analysis, now we have strong confirmation that price will likely to hit the area of 2460 to 2470 where a huge number of sell volume would likely to reverse for a big swing selling entry. Good Luck.
XAUUSD July 24, 2024 Where will the rally go?
As in the previous day's forecast, after the 5-wave trend is the ABC correction wave
- Looking at H1 we can label wave a and wave b as shown on the chart. Currently, we expect wave C to complete so we can enter orders
- Wave C target we measure 2 targets: price range 2420 and price range 2433.
- After completing the next abc correction, it will be a 5-wave pattern following the previous downtrend
Trading plan
SELL ZONE: 2431 - 2435
SL: 2440
TP1: 2411
TP2: 2394
TP3: 2382
BUY ZONE: 2476 - 2471
SL: 2466
TP1: 2382
TP2: 2394
XAUUSD - GOLD - Scalping Mode! 23rd JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD July 23, 2024 Where will the rising wave go?Looking at the H1 chart, we have a completed 5-wave bearish pattern
- The target of wave 5 has been achieved near the price range of 2382 that I predicted yesterday
- After completing the next wave 5, there will be 2 cases, the first case is that the price continues the 5-wave impulse wave pattern. The second case is the abc bullish correction pattern.
- Regardless of the pattern, we now expect a price increase at least according to the abc correction pattern
- The target of ending the correction wave will be specifically determined when the wave has completed at least 2 waves a and b. Based on current price data, I estimate the target of the correction wave is the price range 2433.
- If this rally gets past 2453 then we will be leaning towards a trend rally to 2500 then I will update everyone.
Trading plan
BUY: 2491 - 2488
SL 2483
TP1: 2420
TP2: 2433
SELL ZONE: 2433 - 2436
SL: 2431
TP1: 2411
TP2: 2494
XAUUSD July 22, 2024 Is the decline over?
The information that President Biden withdrew from running due to his health further confirmed Trump's high chance of winning the election. This information immediately caused XAU to gap up on Monday morning
Looking at H1 we see a sharp sharp decline, this is the ongoing wave 3.
- At the price range of 2394, we have a strong rebound. From this rebound we expect that wave 3 has ended and this rebound is wave 4.
- The target of wave 4 I measured at the price range 2420 or price range 2428
- After completing wave 4, the price continues to decrease to complete the 5-wave pattern
- With the current price data, I can temporarily measure the expected target of wave 5, the last down wave of this downtrend, at the price range of 2382 or the price range of 2366.
- After the end of this price reduction, we expect a strong recovery and I will update the specifics of this recovery after the price completes this 5-wave decline.
- Our trading strategy is to observe price reactions at support and resistance zones to enter orders
XAUUSD: Price Definitely has changed to Bearish! Dear Traders,
Price has dropped significantly after creating a record HIGH and rejected at the same level where the channel line was placed. Previous two times when price rejected at the channel or upside trendline price dropped significantly and even this time the momentum that we have witness since last week, looks like price will continue the momentum of bearish.
good luck
Gold Monday Trading Strategies and Signals
XAUUSD.
Today is Monday, July 22. It is the first trading day of this week.
Today, gold opened at 2412 and has been fluctuating slowly within the range.
After last week's violent fluctuations, gold is now very polarized. So I think it is likely to be a fluctuating trend today. When the trend is oscillating, we can make profits in both buying and selling orders.
I will give you several corresponding transaction prices. You can refer to them.
Gold buy:
XAUUSD buy:
2391-2394
2377-2381
XAUUSD sell:
2417-2422
2429-2433
The above is my judgment on the gold trend today. I hope everyone will gain something.
If you are interested in my analysis, please join me and give me a thumbs up
XAUUSD - GOLD - Scalping Mode! 22nd JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD GOLD trade Idea on 4-hr timeframe {18/07/2024}Educational Analysis says XAUUSD GOLD may move in this range for some time according to my technical.
Broker - OANDA
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, it maybe long for the premium level in the 4-hour time frame.
Let's see what this pair brings to the table for us in the future.
Please check the comment section to see how this trade turned out.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
XAUUSD moving again to break a new record high**Monthly Chart**
XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades.
XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold.
**Weekly Chart**
The last weekly candle closed as a big bearish high test. This happened after XAUUSD (Gold) reached a new record high. This created a large sell-off from buyers closing their positions at high prices and introduced sellers to short gold for quick profits.
**Daily Chart**
Last week XAUUSD closed near the previous equal low which was at some point the daily swing high. This has created a new demand zone for the price to push higher again after completing the sell-off. This week we will be looking for entry to move higher and create a new record high in line with fundamentals and geopolitical factors. Look for buy setups forming on lower time frames (ie. 4H and 1H).
Gold fell as expected, making a huge profit of 500pipsThe magic was successfully demonstrated, and we finally met at 2430-2420! In the past two days, I have been emphasizing shorting gold and setting a target: 2430-2420. And the day before yesterday, I also emphasized in the article that shorting gold in batches in the 2470-2480 area, the target is 2430-2420. Today, gold continued to fall, and the lowest has reached around 2404. Perfectly hit our target area, we successfully made a profit of 500pips, a great deal!
At present, gold has fallen sharply and has continuously broken through multiple short-term supports. Now it is not just a correction, but the market sentiment venting and the selling of chips have formed a combined force to stimulate gold to form a new downward trend. At present, gold has fallen below the support near 2410, and the short-selling counterattack has strong potential. At present, there is no technical structure to support the rebound of gold, so I think gold will definitely test the 2400 integer mark. If gold falls below 2400, then gold may accelerate its decline to the 2385-2360 area in the future.
So in terms of trading, don't go long on gold for now; but the market won't give us a good position to go short easily. So what we have to do now is to wait and see! Of course, if gold has a chance to rebound to 2420, we can go short on gold.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
See you at 2430!Gold rebounded again after a pullback to 2452, but during the rebound process, it only reached around 2475. Compared with the high point of 2484, the high point is gradually moving down, so the low point should also gradually fall. From the structure, gold is very likely to build a secondary peak in the 2475-2480 area. Once the construction is successful, the decline of gold will trigger a sell-off, and gold is likely to usher in a waterfall-like decline in a short period of time!
Moreover, after gold rose rapidly to around 2484, short positions were basically swept away, and the market was enthusiastic about going long, especially when gold rose by $2, the bullish target could be set at 2500. So I have every reason to believe that gold is suspected of tempting to go long during the rebound. Then gold is likely to be brewing a downward trend to eliminate most of the long positions in the market and increase market liquidity!
I currently still hold a short position near 2478, and the target is still in the 2430-2420 area. Let us wait and see, see you at 2430!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !