Gold Friday Trading Strategies and Signals
#xauusd
Today is Friday, July 26, 2024.
Today is the last trading day of the week. And there are many important data to be released today. So the volatility of gold today is very large. All the signals I sent out this week have been profitable. So today we need to be cautious or make a small profit to have a perfect week.
With gold falling 2351 yesterday and then rebounding. Plus today's news data is about to be released. The trend of gold is more complicated
I still give several trading prices:
The price range for buying gold:
buy: 2349-2353.5 (buy a small amount. Profitable. Because the volatility will change over time)
buy: 2329-2334 (gold falls sharply, then this signal may be triggered)
The price range for selling gold:
sell: 2389-2395 (if the first wave of gold stretches upward, then this price may be triggered. You can sell gold, sl set 2401)
sell: 2409-2413 (if gold accelerates, then trade according to this signal.)
Please set sl. And trade according to the signal. If you make a profit or like my signal. Please join me and give me a thumbs up. Thank you everyone. I wish you all a smooth trading.
Goldsignals
Gold is Ready to Go Up==>>Short termGold has managed to break the Support zone($2,398-$2,376) and the Uptrend line .
Gold is currently approaching the Support zone($2,351-$2,329) and Potential Reversal Zone(PRZ) .
I expect Gold to rise to at least the Support line again.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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.
XAUUSD bears are still in until here ... Good morning gold gang WHAT A DAY it was yesterday snagging over 200 pips from the market capitalising on the volume and strong zones. Well done all!
bears are still in control after a push up in asian session, if this current zone breaks buys are possible but essentially i would want to sell at a better price close to the trendline
the daily engulfing zone at the bottom is a great buying opportunity with war announcements on the way, price can come down there to start the next bull run.
Watch out for the end of the month usual friday shenanigans and protect your capital at all costs
have a great day
tommy
XAUUSD GOLD IS DYING!wow gang what a drop yesterday ... melting off the face of the earth!! and what a relief!
I prefer price away from all time high as there are more confluences and more price action down here to take better trades from.
I see it now following yesterdays analysis .. that was perfect!! .. to hit algo level. First ill need a pull back to then sell.
No buying opportunites at present other than the daily engulfing candle at the bottom but a way off ... i want to focus on selling it down for now
lets avvit!!!
tommy
Gold is Ready to Dump again!!!Gold started to increase from the Support zone($2,398-$2,376) with the help of the Inverse Head and Shoulders pattern and is moving now near the Resistance zone($2,451-$2,426) and inside the ascending channel .
I expect Gold to take a downward trend again in the coming hours and at least go down to the Targets I specified on the chart.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD : Be Ready for LONG ! (READ THE CAPTION)Upon a recent review of the #gold chart on the 2-hour timeframe, we observed that the price dropped to $2383, filling the Fair Value Gap (FVG) it created, and then surged to $2412 due to strong demand. If the price maintains support between $2388 and $2397 and breaks above $2412, we can expect further growth. Potential targets are $2420, $2429, $2443, and $2451.9. This analysis is crucial, so keep an eye on the specified levels on the chart!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Gold (Xau/Usd) H4 Trendline BreakoutThe XAU/USD pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Days.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2405, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2335
2nd Support – 2297
Stop-Loss: To manage risk, place a stop-loss order above 2490. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD Gold Falling Wedge patternThe Falling Wedge pattern is a bullish chart pattern that forms when the price of a security is consolidating within a narrowing, downward-sloping range. Here's a description of the pattern:
Key Characteristics:
1. Downward slope: The price is moving downward, but at a decreasing rate.
2. Narrowing range: The range between the highs and lows is decreasing, forming a wedge shape.
3. Consolidation: The price is consolidating within the wedge, indicating a pause in the downtrend.
4. Bullish reversal: The pattern suggests a potential bullish reversal, indicating a possible uptrend.
Pattern Requirements:
1. At least 5 touches: The price should touch the upper and lower trend lines at least 5 times.
2. Downward trend: The price should be in a downtrend before the wedge forms.
3. Narrowing range: The range between the highs and lows should be decreasing.
Trading Strategy:
1. Buy signal: A breakout above the upper trend line, with a stop-loss below the lower trend line.
2. Target: The target is the height of the wedge, projected upward from the breakout point.
Important Notes:
1. Confirmation: Wait for confirmation of the breakout before entering a trade.
2. False breakouts: Be cautious of false breakouts, which can occur before the actual breakout.
3. Context: Consider the overall market context and other technical and fundamental factors before trading.
The Falling Wedge pattern can be a powerful tool for identifying potential bullish reversals. However, it's essential to use proper risk management and trading discipline when trading this pattern.
Gold analysis July 23Fundamental analysis
US President Joe Biden's withdrawal from the 2024 Presidential election has increased the chances of Donald Trump becoming the next US President, raising hopes of a looser regulatory environment. Additionally, the People's Bank of China's (PBoC) surprise interest rate cut on Monday still supported the market's optimistic sentiment and became the main factor acting as a drag on precious metals This safe haven.
However, dovish expectations from the Federal Reserve (Fed) will help limit losses for non-yielding Gold prices. In fact, market participants seem confident that the US central bank will begin lowering borrowing costs in September and have priced in the possibility of two more rate cuts by the end of the year. This triggered a fresh decline in US Treasury yields, putting US Dollar (USD) bulls on the defensive and supporting the yellow metal. Therefore, it would be wise to wait for some follow-through selling first with a buying strategy to extend the all-time high that has just been established.
Technical analysis
Gold was about to test the support level of 2386 but the selling force was no longer enough to reach the support zone yesterday. Gold price recovered to above 2400 in the third European trading session. Gold is breaking the trendline structure of the h1 frame to form an uptrend. If you can close the candle above the 2402 area, gold will be ready to conquer higher levels during the day.
The first level of strong resistance could be around 2420 and next at 2431 which will help restrain the rise in gold prices. And the SELL signals are established there. On the contrary, after failing to find 2384 again, the deeper support areas at 2366 and 2350 become more difficult to reach today.
The RSI index in the h4 frame is still below the average level of 50. However, the RSI has just crossed the MA 9 line, also showing that buyers have begun to jump in to push the price up.
Trading signals
SELL scalp zone 2422 - 2420 stoploss 2425
SELL zone 2431 - 2433 stoploss 2437
BUY scalp zone 2386 - 2384 stoploss 2380
BUY zone 2373 - 2375 stoploss 2369
What happen To Gold Is This A Pullback?In My Opinion Gold Need To Take The 4H FVG To Confirm Liquidity To Get More Sell But Gold Will Test Again 2318 Area And Will Short Sell To 2400 While Confusing retail Traders And Will Buy From 2400 Area To Back Nonstop 2440 To Get The FVG Then Will Happen What Need To Happen.
Will See In The Future
Gold Absolutely Destroys Sellers, Simultaneously fools BuyersWhat's up guys, I hope this message finds you well.
It appears that gold did actually play out almost exactly like I wanted it to and surprisingly I was right.
Here is the link to the original analysis - www.tradingview.com
The good thing about this is that due to it being a news event I wouldn't have been able to engage anyway until maybe after the event but had I engaged I would have absolutely been right.
Also You'd realize that I don't just call out buy here or sell there without an explanation.
I do this for 2 reasons.
1. I believe in order for you to get better you need to be able to explain what it is you think you understand to others in a way that helps them understand
And
2. If as a trader you don't like over-explaining\analyzing things.. I got some bad news for you buddy, this may not be the correct industry for you.
You have to be able to explain why you are taking specific trades even if it just to explain it to yourself. If you cannot do that then taking the trade is likely ill-advised.
Hope you enjoy this one, have a good rest of your day, see you guys soon!
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 Tuesday Trading Strategies and Signals
XAUUSD. Today is Tuesday, July 23rd.
Gold has a large fluctuation today. I think it will break through several price areas today.
2420 above and 2380 below
Give several suggested trading prices:
Gold sell:
XAUUSD Sell:
sell2418-2420
sell2429-2431
Gold buy:
XAUUSD Buy:
buy2379-2383
buy2368-2371
These are several key prices that gold needs to break through. So I think these prices are suitable for trading and making profits. Please trade according to the settings when the prices reach them.
My analysis brings enough profits to everyone every day. So if you make a profit, please like me and join me.
GOLD (XAUUSD): One More Bullish Confirmation
Gold formed one more bullish pattern on a 4H time frame
after a test of a key daily/intraday support.
I see a completed inverted head and shoulders pattern
and a bullish breakout of its neckline.
I think that the market can continue growing.
Next resistance - 2434
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GOLD ( SENSITIVE AREA ) ( 4H )XAUUSD
HELLO TRADERS
Tendency , the price in the sensitive area between 2,420$ & 2,392$ .
TURNING LEVEL (1) : the price of this level at 2,420$ , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 2,392$ , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 2,442$ , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 2,475$ , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 2,365$$ , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 2,337$ , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : if the price corrective turning level (1) it is mean the price trying to reach a support level (1) , so if the price corrective a turning level (2) refers trying to reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 2,442$ , 2,475$ ,
SUPPORT LEVEL : 2,365$ , 2,337$ .
GOLD (XAUUSD): Your Trading Plan For Today
Gold is currently stuck on a key daily/intraday horizontal support level.
I see a completed double bottom pattern on that on a 4H time frame.
To buy the market with a confirmation, look for a bullish breakout
of its neckline.
4H candle close above 2404 will confirm the violation.
A pullback will be expected at least to 2420 level then.
❤️Please, support my work with like, thank you!❤️
XAUUSD Tuesday's trade ideas. Good evening gold gang i hope you are well! ... 2 losses today trying to catch buys! the fundamentals were wrong from the war to rise gold .. instead we got bearish price action due to the president so all day we fell until hitting the marked out 4 hour zone. I couldnt take that buy as id already lost 2 which is my daily limit
Whats happening tomorrow?! .. well the 1h EG zone respecting will provide further bearish action with a potential target of algo level.
a break above 2412 area will be good for the buys confirmation but with no news until wednesday, im not sure we will achieve that.
lets have a better day tomorrow gang!! im looking forward to it already
have a good evening, catch you in london
tommy
GOLD ( UNDER UPWARD PRESSURE ) ( 4H )XAUUSD
HELLO TRADERS
INTRODUCTION : gold price rose during trading on Monday , after us president joe Biden formally announced his withdrawal form the presidential race last evening .
Tendency , the price is under bullish pressure until trade above turning level .
TURNING LEVEL : the price of turning level around 2,392$ , indicates the price trade above this level reach a resistance level , but if breaking this level reach a support level .
RESISTANCE LEVEL : around 2,420$ , for reach this level will be stabilizing above turning level
SUPPORT LEVEL : support level at 2,365$ , for reach this level will be breaking and stabilizing below turning level .
PRICE MOVEMENT : the price is under bullish pressure , as long as the price trading above 2,392$ reach a resistance level (1) at 2,420$ , then it is requirement breaking FVG for reach resistance level (2) at 2,442$, but if breaking turning level reach a support level (1) at 2,365$ , it is a strong support level , the breaking this level reach a support level (2) at 2,337$ .
TARGET LEVEL :
RESISTANCE LEVEL : 2,420$ , 2,442$ .
SUPPORT LEVEL ; 2,365$ , 2,337$ .
XAU/USD : Potential Fall Ahead ! (READ THE CAPTION)By examining the gold chart on the 30-minute timeframe, we observe that after a CHOCH and a break in market structure (BMS) at the $2466 and $2462 levels, gold experienced a further decline, correcting down to $2451. Currently, the price is trading around $2465. Given the structure formed on the chart, we can anticipate another potential drop to $2451 as the first target. This analysis will be updated accordingly afterward.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban