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XAU/USD 07 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish which is the strongest confirmation yet that swing pullback is complete. We are now expecting price to pullback. As price has traded higher the CHoCH has been repositioned closer to current price action. We are now trading within an established internal range. Intraday expectation: Price has printed bearish CHoCH, which is denoted with a blue dotted line. This has indicated, but not confirmed bearish pullback initiation. Price to react at discount of 50% EQ (which is marked in blue) or H4 POI before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bullish iBOS followed by a bearish iBOS. I am presuming the volatility has been caused by ECB's Schnabel speaking. Intraday expectation: Price to continue bearish, react at nested H4 and M15 POI's before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold has fallen below 2300, and it will be short if the market r After gold adjusted to a high level for a long time, the gold price fell below the 2300 mark last night, and also fell below the key low support level of 2291. Gold's new downward wave has emerged, and at the same time, short sellers have entered a new range! In other words, there will be a big change in the recent operating ideas, and a short rebound will be the only feasible strategy! The one-hour line continues to fall. For short-term layout, you can refer to the long-short conversion level of the 2291 low point. If it rebounds again and reaches 2291, you can go short! At the same time, we should also focus on the repair level of the upper moving average pressure. Currently, the first moving average pressure is at the 2311 line. If the deviation is large, it will not be used as a reference for layout, but it can still be used as a reference indicator for the strength of the long and short market! Don’t worry if the gold price returns above the moving average in the near future. As long as it doesn’t break through 2352 again, we will treat it with a short-term approach! specific strategies Gold is short at 2291, stop loss is 2299, target is 2270
FXOPEN:XAUUSDShort
by cdfxcdfx
Mastering the Cup and Handle Pattern in Forex and Gold Trading In the world of forex and gold trading, recognizing chart patterns can be your key to unlocking profitable opportunities. One such pattern, the Cup and Handle, offers traders a powerful tool for identifying potential bullish trends. In this comprehensive article, we'll explore how to identify and trade the Cup and Handle pattern in both forex and gold markets. We'll provide real-world examples to help you navigate these exciting trading opportunities. Understanding the Cup and Handle Pattern The Cup and Handle is a bullish continuation pattern that resembles the shape of a teacup. It consists of two main parts: 1. Cup: The first part forms a rounded bottom, resembling a cup. It typically follows a downtrend and represents a period of consolidation. 2. Handle: The second part is a smaller consolidation or retracement, forming a downward-sloping channel or flag pattern. It resembles the handle of a cup. Identifying the Cup and Handle Pattern To identify and trade the Cup and Handle pattern, follow these key steps: 1. Downtrend: Look for a significant downtrend that precedes the formation of the Cup and Handle pattern. 2. Cup Formation : The cup should be a rounded bottom, indicating a period of consolidation or accumulation. The depth of the cup can vary, but it should generally resemble a "U" shape. 3. Handle Formation: After the cup, there should be a smaller consolidation or retracement forming a downward-sloping channel or flag pattern. This is the handle of the cup. 4. Volume Analysis: Analyze volume trends. Typically, there is a decrease in volume during the handle formation, signaling a temporary pause in the trend. 1. Forex - EUR/USD: 2. Gold - XAU/USD: Trading Strategies 1. Entry Point: Enter a trade when the price breaks out above the handle's upper boundary. This breakout confirms the bullish sentiment. 2. Stop-Loss: Place a stop-loss order below the handle's lower boundary to manage risk. 3. Take Profit: Estimate the potential price target by measuring the distance from the cup's bottom to the handle's breakout point and then adding it to the breakout level. The Cup and Handle pattern is a valuable tool for identifying potential bullish trends in both forex and gold markets. By understanding its components and following a structured trading approach, you can leverage this pattern to make informed trading decisions and potentially unlock profitable opportunities in your trading journey. 🏆📈💰 Please, like this post and subscribe to our tradingview page!👍
COINBASE:BTCUSDEducation
by EliteTradingSignals
5
Mastering Pro Forex and Gold Trading As a professional forex and gold trader, it's essential to understand the anatomy of successful trading. From market analysis to risk management, there are specific body parts, or components, that make up a successful trader. Here's a breakdown of each component and its role in pro trading. 👁 Eyes - Market Analysis Successful traders know that the markets are dynamic, and they must keep a keen eye on market trends and data. By scanning the markets, using technical analysis, and fundamentals-based analysis, traders can make informed trading decisions. 🧠 Brain - Discipline and Strategy Traders must have the discipline to stick to their trading strategy and be ready to pivot when necessary. Having a clear trading plan and risk management strategy is essential, and traders must keep a cool head in the face of market volatility. ❤️ Heart - Risk Management In trading, you need to know when to hold 'em and when to fold 'em. Successful traders must have a heart for risk management and know how to manage their trading capital effectively. 🙌 Hands - Execution To execute good trades, you must have nimble hands that can take swift action when the opportunity presents itself. Traders must know how to enter and exit trades quickly and efficiently to maximize profits and minimize losses. 👂 Ears - Listening to the Market Experienced traders know that the market can be unpredictable, so it's essential to actively listen and take in information from various sources to stay on top of trends and changes in market sentiment. 🦵 Feet - Adaptability Successful traders must be able to pivot and adapt to sudden changes in the markets. Whether it's political unrest, natural disasters, or unexpected market moves, traders must be able to react quickly and adjust their trading strategy accordingly. 👄 Mouth - Community and Networking Experienced traders know that trading is not a solitary endeavor and that community and networking are essential to successful trading. Sharing knowledge, joining trading communities, and networking with fellow traders can provide valuable insights and support when trading. By understanding the anatomy of pro forex and gold trading, traders can develop the mindset and skills necessary to succeed in trading. From market analysis to risk management, each component plays a critical role in successful trading. Physical attributes like hands and feet can be developed with practice, but the heart and the brain are equally important, and they require discipline, strategy, and adaptability to thrive in the ever-changing world of trading. Please, like this post and subscribe to our tradingview page!👍
BITSTAMP:BTCUSDEducation
by EliteTradingSignals
9
💡#i33 : Most Golden Of Bugs Rejoice! 💹🥇🦗Familiar Readers ✋🏻 Would Be Surprised To Learn Of My Bullish Sentiments 🐂 On The Golden Money Metal. Go Ahead Buy Your Gold ✨ You Beautiful Bug Outs 🐛🌟 Detailed Variants of Idea Chart Below 🖼️🎨 🌠 Featured Bonus ✨ The Beautiful Aesthetic Stylings Of @parissap : www.tradingview.com FX_IDC:XAUUSD FXOPEN:XAUUSD SAXO:XAUUSD GLOBALPRIME:XAUUSD FOREXCOM:XAUUSD OANDA:XAUUSD EASYMARKETS:XAUUSD TVC:GOLD CURRENCYCOM:GOLD CAPITALCOM:GOLD COMEX:GC1!
FX_IDC:XAUUSDLong
by d-MR96nBa
6
Understand Gold & Silver with the GoldSilver RatioGold & Silver investors, you need to keep an eye on the gold to silver ratio. The ratio helps us in deciding how to allocate our portfolio with gold and silver. The ratio can also help us to identify trend changes and understand what is happening in the metals market. During a metals bull-market the ratio moves decisively lower. On the chart you can see that metals bottomed out in January 2016 when the goldsilver ratio peaked out at decade+ Long resistance. It then surged lower from 83 to 63. Thats when Gold moved from $1045 to $1375 and silver moved from $13 to $21. You can also see that the ratio surged past key resistance and peaked out at 93. This move higher was initially driven by lower metals prices due to a hawkish fed. When the Fed did a 180 and began to cut rates, gold surged higher from 1180 to 1350 and correcting back to 1285. During this time silver severely lagged gold causing the GS ratio to peak at 93. Then gold brokeout and surged past $1400 and $1500 and silver tagged along hitting $19. This is when the GS ratio surged lower from 93 to 80. We’re currently undergoing a healthy correction in gold & silver. The GS ratio may inch higher. What we do not want to see is 88 recaptured and 89 recaptured. Could mean the GS ratio continues to breakout - a bearish scenario for silver & gold. What I think is more likely is gold surging to $1700 and $1800 after this correction, with a silver that potentially hits $25. We want to see the GS ratio moving lower for this scenario.
GShort
by Ludwig_Von_Mises