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Xauuad

XAUUSD might drop.Based on the previous days' candlestick patterns and the current market conditions of XAUUSD (Gold/US Dollar), there are indications that the price might decline further. The decision to place a trade with a take profit (tp) set at 1910 and a stop loss (sl) at 1982 is a personal choice and should be made with careful consideration of risk management. To delve deeper into the rationale behind this potential trade, it's essential to analyze the historical price action, trend lines, support and resistance levels, moving averages, and other technical indicators. Previous days' candlestick formations, such as doji, engulfing patterns, or specific price rejections at crucial levels, could provide insights into potential market sentiment and direction. Additionally, macroeconomic factors and geopolitical events may significantly impact the XAUUSD pair. Factors such as inflation rates, central bank policies, global economic stability, geopolitical tensions, and the US Dollar's performance could influence the price of gold. Moreover, traders often use various technical analysis tools like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Fibonacci retracement levels to complement their decision-making process. However, it's crucial to emphasize that trading carries inherent risks, and any decision to enter a trade should be based on a well-defined strategy and risk management plan. Utilizing proper position sizing, setting stop-loss orders to mitigate potential losses, and having a clear exit strategy are crucial elements of responsible trading. Remember, this analysis and trade idea are subjective and speculative. Market conditions can change rapidly due to unforeseen events or shifts in sentiment, potentially invalidating the initial analysis. Therefore, constant monitoring of the trade and adapting to new information is essential to manage risks effectively. Lastly, it's recommended to consult with a financial advisor or perform thorough research before making any trading decisions, as this analysis is for informational purposes only and should not be considered as financial advice.
OANDA:XAUUSDShort
by ArminMah
This Week Bullish CorrectionWith the recent Ending Diagonals on OANDA:XAUUSD as shown in the chart below, Gold is currently starting the Correction of Wave A/1 of downward movement which started in the first week of May. On Various brokers, the price went beyond making new ATH almost a month ago. But in my opinion, that was just SL hunting done by whales to squeeze out the retail short positions before moving the market downward. I personally expected that and managed my trade accordingly for it. So far, this whole month has been in the 5 Wave downward move and still it just finished last week as shown in the chart. This Week , the price of Gold is expected to rise since the downward impulse is over with our Wave 5 as shown. I will personally be keeping a close eye on the Correction of this 12345 Impulse to see rather it will be considered as Wave A Correction or Wave 1 Impulse of bigger downward movement . As shown in my previous analysis of Gold on Weekly Timeframe, there is still a big possibility that we are in the start of a Bear Market on Gold and I am planning my Gold Trades while keeping that scenario in mind.
OANDA:XAUUSDLong
by syedhamza2135
Xauusd Buy short tradeBEFORE OPENING YOUR TRADE: - Remember risk management 1-3% of your capital - Take profit of your position partially - Don't open too many orders at the same time - Be patient - Don't be so greedy - Waiting for a candle close and executing your plan. - Go to a lower timeframe to find Choch, Flip zone…. for entry. Remember No Choch – No Entry. - DON’T FOLLOW BLINDLY - ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE! YOUR TRADE IS YOUR DECISION! P/S: When you see: This idea of trade is no longer valid, it means too late to enter or this trade is canceled. Please manage your chart sometimes I don't have enough time to update my ideas.
OANDA:XAUUSDShort
by talhashaheen
2
GOLD SELL STOP PLANI have a full bullish bias on Gold currently no confirmed direction change at this current stage. I am not placing this trade yet but this is an example of a good set up using this method that may be valid in the coming days. Also this is how I plan my days / weeks ahead. no indicators just look at what you can see on the screen and understand how your opponent is reacting. We need to confirm direction before we can gain entrys. Await the move / enter / profit and have realistic targets. Patience....
OANDA:XAUUSDShort
by Trade_With_Monty