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Goldtradingstrategy

Gold analysis asian session august 29Gold structure in the Asian session on August 29. After bouncing from the support zone of 2495 as analyzed yesterday. Gold was strongly pushed back above yesterday's resistance zone of 2511. The 2511 zone unexpectedly became an important support zone of today's session and then the resistance level of 2518 became a trading price range for gold in the Asian session to the European session. With the strong pulling force here, it can be seen that gold is ready to create a new ATH today if gold does not have the pulling force to the 2485 area. Pay attention to trading in the 2818-2511 zone in the Asian session
OANDA:XAUUSD
by TVS-Trader
GBPJPY trading signals✍️DCA stands for Dollar Cost Averaging - which means averaging the price, simply put, it is when a trader buys an asset many times at different prices. ✍️This is a very popular strategy in finance and cryptocurrencies. The main purpose of the averaging strategy is to effectively minimize investment risks. And increase profits when the market is trending. 🤑🤑In the GBPJPY signal, we had a positive DCA when the price broke out of the DOW zone and the resistance zone at 190.700. The DCA point went in the right direction and brought great profits for the two signals.
by TVS-Trader
XAUUSD: Buy bullish in 2500-2505 area, target 2530Gold fundamentals: The US dollar continued to fall, closing at a low of 100.55, and fell 3.2% in August, the largest monthly drop since November 2022, which significantly increased the attractiveness and demand for gold. The market's expectation of a rate cut in September is almost a foregone conclusion. The current focus is on the possibility of a 50 basis point rate cut. Rate cuts usually reduce the opportunity cost of holding gold, making gold more attractive as an interest-free asset. In addition, Powell's dovish signal at the Kansas City Fed meeting has boosted demand for non-US dollar wealth storage tools. Futures traders expect a cumulative rate cut of about 106 basis points in 2024, which further enhances the market's bullish expectations for gold. At the same time, the escalation of geopolitical conflicts in the Middle East and Russia-Ukraine has intensified the market's risk aversion and further promoted demand for gold. Gold technical aspects: In yesterday's gold analysis, I clearly mentioned the support strength of the 2500-2505 area, and this area has resisted the decline for many times without breaking, so we can still continue to believe in the support of this area. If it retreats to this area during the day, you can consider buying again. Of course, we still need to consider the precautionary actions after the break here. Combined with the above analysis, my trading strategy today is similar to yesterday, as follows: First of all, the main bullish, as long as the gold price retreats to the 2500-2505 area, you can consider buying, the target is 2530, 2550 On the contrary, if it effectively falls below 2500, you can choose to sell near 2500. What needs to be noted here is the effective break, not the false break If you have different opinions or questions, please speak up, let's discuss the latest ideas of GOLD together
OANDA:XAUUSDLong
by AntonyTP
2
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with a repeat of yesterdays action. We had another cross and lock above 2513 opening 2525, which was hit once again. This followed with no ema5 lock above 2525 confirming the rejection into the 2500 range, which once again gave multiple bounces, as analysed inline with our plans to buy dips. We will now once again look for another 2513 re-test and further cross and lock above to re-open the range above or a cross and lock below 2500 to open the full retracement range. Currently we are continuing to use the support above 2500 to buy dips. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2513 - DONE EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET 2525 - DONE 2535 BEARISH TARGETS 2500 - DONE EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
XAUUSD: Today’s Market Analysis and StrategyGold technical analysis Daily resistance 2550, support below 2450 Four-hour resistance 2550, support below 2494 Gold operation suggestions: Gold retreated slightly after opening yesterday, and then retreated again, reaching a maximum of around 2527, approaching the previous high point, but unfortunately, the bulls did not break through the high point again, but retreated under pressure. The current market is still in a weak form, and we need to wait for the confirmation of the European session before we can confirm the long and short direction in the later period. From the current trend of gold, the upper pressure is maintained at around 2518-20, and the lower support is maintained at around 2494-2500. The current price is still in the middle, and the long and short still need to wait. The ideal entry time needs to wait for the European session to give a direction, and then trade in the US session. Before the lower position fails to break, it may continue to fluctuate in the short term. BUY:2494near SL:2490 BUY:2500near SL:2494 SELL:2518near SL:2523 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
OANDA:XAUUSDShort
by ActuaryJ
Gold Analysis August 28☘️Fundamental Analysis Gold prices lost steam amid a modest recovery in the US dollar (USD) on Wednesday. However, escalating geopolitical tensions in the Middle East could help limit losses. In addition, US Federal Reserve (Fed) Chairman Jerome Powell's speech at the Jackson Hole symposium last week, signaling that it was "time" to start cutting interest rates, could support the precious metal as it reduces the opportunity cost of holding non-interest-bearing assets. Investors will pay closer attention to speeches by Fed officials Christopher Waller and Raphael Bostic on Wednesday for some hints on the path of US interest rates. Attention will also turn to preliminary data on US annualised GDP for the second quarter (Q2) and the Personal Consumption Expenditures (PCE) price index, due on Thursday and Friday. Better-than-estimated results could lift the US Dollar (USD) and limit upside in USD-denominated Gold prices. ☘️Technical analysis Gold is retreating from the closing level of 2424, currently gold is approaching the important area of ​​2509. When breaking this area, lower areas can pay attention to trading in the European session around 2503-2495. Today, the main plan is to wait for buying to break ATH. On the contrary, if the price pushes to 09 and does not break, you can buy in the 09 area. If you cannot break this area in the European session, you can close the order. The candle closes above 2020 after the European session ends, consider finding a recovery point for DCA to buy the target to break ATH. Wish you a successful transaction. SELL scalp zone 2530 - 2532 stoploss 2536 SELL zone 2545 - 2547 stoploss 2551 BUY scalp zone 2496 - 2494 stoploss 2490 BUY zone 2485- 2483 stoploss 2480
OANDA:XAUUSD
by TVS-Trader
2
How I Nailed a Perfect Breakout Trade Using a Simple Strategy*The following Analysis is made by my Trading BOT* Analysis of Your Trade: Descending Channel: Formation and Breakout: The descending channel is well-defined, indicating a corrective phase following an impulsive move. The breakout above the channel suggests a potential reversal or continuation of the prior trend, which appears bullish. Entry Timing: You entered the trade after the breakout from the descending channel. This entry aligns with a strategy to buy at the break of a corrective pattern, capitalizing on the resumption of bullish momentum. Resistance Zone (Blue Area): Initial Resistance Encounter: The blue horizontal line represents a resistance zone where price consolidated and failed to break higher on the first attempt. This is a good spot to watch for confirmation of a breakout or reversal. False Breakouts: There are some upper wicks visible in this resistance zone, indicating possible false breakouts or liquidity grabs. This suggests that many traders might have been stopped out before the true breakout occurred. Price Action Post-Breakout: Sharp Move Down: After the breakout, price made a sharp move down to retest the previous resistance (now turned support), which aligns with the principles of market structure where old resistance becomes new support. Correction and Continuation: The downward move appears corrective in nature, forming a series of lower highs and lower lows within a descending channel, after which the price breaks out and moves upwards sharply. Risk and Reward Considerations: Stop Placement: If your stop loss was placed below the previous swing low or the bottom of the descending channel, this would be a strategic placement to avoid being stopped out by market noise. Take Profit: Your target seems to be well-placed, considering the previous highs or a key Fibonacci level. The green area likely represents the take-profit zone. Volume Analysis: Confirmation with Volume: The volume spike during the breakout from the descending channel and the subsequent move up indicates strong buying interest, which is a good confirmation signal. Key Takeaways for Future Trades: Pattern Recognition: Identifying descending channels and their breakouts is a strong skill that can be leveraged in various time frames. Risk Management: Your trade shows a good understanding of risk management, especially if stops were placed beyond significant levels to avoid market noise. Confirmation Signals: Waiting for volume confirmation during breakouts is an excellent strategy to avoid false moves. Suggestions: Multiple Time Frame Analysis: Ensure that your lower-time-frame trades are aligned with the higher-time-frame trends or setups to increase the probability of success. Post-Trade Analysis: Continue reviewing your trades like this to refine your entry and exit strategies, especially around key zones like support and resistance.
OANDA:XAUUSDEducation
by Adlercon333
8.28 Gold operation analysisGold hit the upper Bollinger Band in 4 hours, and the long orders at 2507 have made profits first. It is expected that gold will retreat to the vicinity of the middle band. Today, gold is likely to hit a new record high again. The daily line has three consecutive positives, and the bulls are ready to try to break the record high. The conservative approach is to wait for the gold price to fall back to the middle band again before we go long. In the strong upward trend of gold, do not buy the callback, and go long at will. Technology leads the direction, ideas lead the market, and accurate points are the key to success Trading strategy: Long gold near 2505, stop loss 2495, target 2540
TVC:GOLDLong
by David_strategy
1
XAU/USD 28 August 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 27 August 2024. -> Swing: Bullish. -> Internal: Bearish. As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS. Price has printed bullish CHoCH indicating bullish pullback phase initiation. Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD Daily Chart AnalysisHere's a detailed breakdown of the XAU/USD daily analysis to guide your trading decisions: Buy Scenario: Trigger Point: Watch for the daily candle to close above 2519.208. This level is crucial as a close above it signals a potential bullish trend. Target: Should the buy signal be confirmed, set your target at 2531.800. This target suggests a move of at least 100+ pips, giving you an opportunity to capture significant gains. Action: If the candle closes above the specified level, consider entering a buy position. Monitor the price closely to adjust your strategy as needed. Sell Scenario: Trigger Point: Look for the daily candle to close below 2509.722. This would indicate a bearish shift and signal a potential selling opportunity. Confirmation: After the close below this level, wait for a Change of Character (CHOC) confirmation to validate the bearish trend. CHOC helps ensure that the market is indeed shifting direction before committing to a sell trade. Target: If the CHOC confirmation is met, aim for a sell target of 2494.200. This setup provides an opportunity to gain at least 100+ pips. Action: Once you have the CHOC confirmation, enter the sell trade and monitor the price movement closely. Adjust your stop-loss and take-profit levels to manage risk and maximize returns. Summary: Buy if the daily close is above 2519.208 with a target of 2531.800. Sell if the daily close is below 2509.722 and confirmed by a CHOC, targeting 2494.200. Keep an eye on these levels and be prepared to act according to market conditions. With these strategies, you can position yourself to potentially capture significant profits. 📊💰
OANDA:XAUUSDShort
by cashtrainfx
XAUUSD: 2500 points will be tested again, what should we do?Can gold continue to rise and set a new high? Yesterday, the price of gold fell first and then rose, continuing the upward trend of last Friday, and has been fluctuating at a high level, reaching a high of 2526 points. Our 2510-2515 buying range is just at the lowest point of the callback, and the profit margin at the highest point is more than ten US dollars, and I also made a small profit from it. I believe that friends who follow the trading strategy have gained something. Today, the price of gold has shown a callback trend again. From the 1H chart, the support below is in the range of 2500-2505. If nothing unexpected happens, I will buy again in this range. First of all, 2500 is an integer mark, and I believe everyone has seen the support strength in the previous trend. In the trend from 2470 to yesterday's high of 2526, 2505 is exactly at the 0.618 support position of the Fibonacci retracement. At the same time, there is support from the Bollinger Band lower rail and the upward trend line, and it is unlikely to fall below it. Although the possibility of a breakthrough here is not great, this is only an analysis based on the technical aspects. External factors are still an uncertain factor, so we have to be prepared for both situations. Trading strategy: Now it is at a lower position, you can open a position and buy first. If the price continues to fall back, you can choose to increase your position above 2500. If the gold price effectively breaks through 2500, then we must once again prevent the occurrence of a sharp correction like last Thursday. If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
OANDA:XAUUSDLong
by AntonyTP
GOLD ROUTE MAP UPDATEHey Everyone, After completing 2513 and 2525 yesterday we had a candle body close gap to 2535 but stated ema5 lock will further confirm this. No lock confirmed the rejection to find support above 2500. We are now seeing price range between the weighted levels 2513 resistance and 2500 support and using the dips between this range to buy and using 2513, as exits for now. We will look for either 2513 to cross and lock above once again to open the range above or a cross and lock below 2500 to open the retracement range. Currently we will be using the support above 2500 to buy dips. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2513 - DONE EMA5 CROSS AND LOCK ABOVE 2513 WILL OPEN THE FOLLOWING BULLISH TARGET 2525 - DONE 2535 BEARISH TARGETS 2500 EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
Gold is in the Bearish Direction after Formation Manipulation Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
ICMARKETS:XAUUSDLong
by ForexMasters2000
Gold’s Bullish Path: Will It Hold? What to Expect NextThis idea focuses on Gold's short-term potential based solely on technical analysis. If you have a different perspective, please share your thoughts in the comments. --Overview-- Gold has been on a bullish run since the beginning of July, successfully breaking through the $2,450 mark after multiple attempts. However, it is now encountering resistance around $2,530. If the current momentum weakens, there's a risk that Gold could retrace to the $2,420-$2,450 range. It's important to note that this potential short-term pullback doesn't impact the long-term outlook, which remains strongly bullish. My reasoning is as follows, In this view, Gold is currently attempting to break through the $2,450 resistance level, highlighted by the yellow trend line. When Gold reached a new all-time high at $2,480, it reinforced the bullish sentiment, fueling further momentum. We can see the momentum shift clearly because after the new ATH Gold didn't fall back to 2300$ but instead kept its position at around the yellow circle. Gold starts moving with the steeper bullish trend shown as blue. This is what concerns me.. Gold already reached the top of this trend. If momentum doesn't increase further more, a short-term pullback seems likely. I see two potential scenarios that could sustain the current short-term bullish momentum without a loss. First, Gold could attempt to retest the upper boundary of the blue trend. If it gains additional momentum, possibly fueled by increased buying in anticipation of a new all-time high, this could extend the bullish move. Alternatively, Gold might experience a slight pullback, falling to around the midpoint of the blue trend. If momentum shifts again creating a higher low inside the blue trend, this could spark a stronger bullish rally. With that being said, I find both of these scenarios difficult as of Today. What is possible then? I have narrowed down the timeframe... A retest of the upper boundary around ~2530$ or possibly ~2540$. Or no retest at all, and a pullback to ~2420$ which is still very bullish on the weekly chart. Beyond this level, it's difficult to make a fair assessment. We’ll need to wait and see how it plays. I have included this perspective to better make sense on the sell pressure around the last weeks all-time high. This idea is based on my opinions and expectations, please don't forget to do your own analysis before taking risks.
OANDA:XAUUSD
by Kivvwi
5