Gold Buys OpenWhat's up folks, Currently in a buy on gold
Let me explain
These are my confirmations\questions >
Question 1 - Is gold in momentum (bullish or bearish)?
Yes, gold is in bullish Momentum currently
Question 2 - Who is interested (at this time)?
Buyers are interested at this time
Question 3 - Where are their stop losses?
Stop losses would have been right below the highlighted levels (orange line)
Question 4 - Have those stop losses been taken out?
Yes I believe Stop losses have been taken out already
Question 5 - Does the set up make sense to me to pursue?
Yes I believe it makes sense for me to pursue this trade given the information I have
Thus far the trade had given me about a 1:1.91 RRR but it came back to my entry, I believe however it is likely to continue, so I think I will hold it
I have many more confirmations I look for, this is just to simplify it so that I can quickly explain to you the reader
Downvote if you didn't read this post and didn't try to understand
OR
Upvote if you did read this post and did try to understand
P.S I was in a trade on EJ on Friday and that took me out (Minus 10 pips) - this is just for transparency sake
Goldshort
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD M30 / LONG TRADE EXECUTION ALERT ❗️💲Hello Traders!
This is my idea related to Gold M30. I expect a bullish move to close the FVG. The bearish sentiment on the market is still bearish, and I consider this indicator a good chance to look for long entries.
My target is under the OB level.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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www.tradingview.com
XAU/USD Shorts from 2020.000 back down Last week, my gold analysis unfolded as expected, with both scenario (A) and scenario (B) playing out as anticipated. This week, we witnessed a robust response from the daily demand zone, which held significant bullish sentiment. However, with the market shifting and structures breaking, it appears that a downtrend is beginning.
I'm eyeing the nearby 6-hour supply zone for potential selling opportunities as price approaches. Once there, I'll be looking to initiate sells, aiming to push price down towards a demand zone where I can consider buying back up. I anticipate that this demand zone will hold, and any reactions we observe from the supply zone will likely be temporary retracements.
Confluences for GOLD Sells are as follows:
- Price has changed character to the downside and broke structure on the higher time frame.
- Left a clean 6hr supply zone which caused the BOS to the downside.
- Lots of liquidity still left to the downside as well as a 6hr demand it can mitigate.
- After gold sweeping ATH's in December it might be enough (LIQ) to begin this downtrend.
- Imbalance below that needs to get filled once that happens we can expect a bearish reaction.
P.S. It's crucial to remain adaptable, prepared for various scenarios to unfold. I also foresee the possibility of price surging upwards to fill the liquidity above the 6-hour supply zone, given the successful reaction we've seen from the daily demand thus far.
Have a great trading week ahead, The bank holiday for USD is on Monday just so you know!
Gold Trade Idea - SELLResistance Breakdown: The gold market has shown signs of weakness, failing to breach the critical resistance level at $2040.10, suggesting a potential reversal in the upward trend.
Technical Indicators: Key indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) signal overbought conditions, supporting the likelihood of a price correction.
XAUUSDHello traders ,what do you think about GOLD?After the heavy fall of gold on Tuesday, after the publication of CPI news, reaching the support zone, as expected, we see an upward correction in gold. It is expected that after the completion of correction and pullback to the broken level, we will see gold fall to the specified level
If this post was useful to you, do not forget to like and comment.❤️
GOLD SELL ANALYSIS CONFIRM Gold price is up on Thursday, peaking intraday at $2,008.30 as the US Dollar came under selling pressure ahead of Wall Street’s opening and following the release of mixed United States (US) figures. XAU/USD, however, lost momentum as the session went by and now struggles to retain the $2,000 mark.
XAUUSD SHORT - GOLD UNDER PRESSURE❤️Forex Besties❤️
INFORMATION
Gold price attracts some buyers amid sliding US bond yields and subdued USD price action.
Geopolitical tensions in the Middle East further lend support to the safe-haven XAU/USD.
Delayed Fed rate cut bets could underpin the USD and cap gains for the non-yielding metal.
🔥Sell Gold 2013 - 2017 SL @2022
✅TP 1 @ 2007
✅TP 2 @ 1985
✅TP 3 @ 1977
❤️FOREX BESTIES WEB - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold price (XAU/USD) edges higher during the first half of the European session and moves away from a two-month low, near the $1,984 area touched the previous day.
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
XAUUSDHello traders ,what do you think about GOLD? With the release of CPA data last day, gold fell sharply and lost its trend line and stabilized below it. After a correction and a pullback to the broken zone, it is expected to drop to the indicated levels
If this post was useful to you, do not forget to like and comment.❤️
Cumulative Gold prices prepare for INFLATION data⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) continues to trade within a range as it enters the European session on Monday, currently sitting just above last week's monthly low. The prevailing belief that the Federal Reserve (Fed) will maintain higher interest rates for a longer period of time in light of the resilient US economy is supporting elevated US Treasury bond yields. This, coupled with the positive sentiment surrounding the stock markets, is acting as a hindrance for the safe-haven precious metal.
However, the uncertainty surrounding the timing and pace of interest rate cuts by the Fed is not helping the US Dollar (USD) gain significant traction, which in turn is offering some support to gold prices. Traders are also hesitant to take aggressive positions and are waiting for the release of the latest US consumer inflation data on Tuesday, as it will provide clues about the Fed's future policy decisions. This data will play a crucial role in influencing the short-term price dynamics of the USD and will impact the direction of movement for the non-yielding commodity.
⭐️ Personal comments NOVA:
In the first trading session of the week, Gold prices continued sideways in the $2020 - $2035 price range waiting for important CPI data this week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2015 - $2017 SL $2010
TP1: $2022
TP2: $2026
TP3: $2031
🔥SELL GOLD zone: $2029 - $2031 SL $2035
TP1: $2024
TP2: $2020
TP3: $2015
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold Time for a downtrend? ( Trade Ideas ) After a week of a downtrend, gold now is on the verge of breaking another support near the 2020 price area, there is a lot of opportunity for the short traders to make a massive profit from the bearish trend. However, these are one of the following criteria that short traders need to wait for before making a decision :
1. Gold needs to break below the 2020 price at least or make a bearish candle formation below the support to convince the short position and less risk.
2. A failure to break below the price will only make the pair test the resistance area of 2025-2027 and a solid bullish formation can send the pair flying towards 2037.
Disclaimer: Please follow at your own risk, and make sure you are following your own SOP before entering the forex market.
GOLD H4 / POSSIBLE SCENARIO FOR LONG ENTRY ✅Hello Traders!
This is my forecast on Gold H4. I expect a reaction from the resistance level, and if confirmed, I will have only a long bias. I will look for long entries after the retracement from the resistance.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GOLD BUY CONFIRM CHARTGold prices are modestly down and silver prices slightly up in lackluster early U.S. trading Friday. Thursday’s surprising deflation news coming out of China is still a bearish weight on the metals markets to end the trading week. The U.S. stock indexes at record highs are also a negative element for the safe-haven metals. April gold was last down $3.40 at $2,044.50. March silver was last up $0.044 at $22.68.