Gold Analysis=>Long and Short PositionGold seems to have succeeded in breaking the Resistance zone($2,373-$2,353) .
According to the Elliott wave theory , Gold still needs to increase to complete its 5-wave uptrend.
I expect Gold to start rising again after the pullback to the resistance zone and go up to Potential Reversal Zone(PRZ) .
Gold Analyze ( XAUUSD ), 15-minute 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.
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Xauusdbuy
Long gold, target 2350
Gold price plunged by $50 before the data, and there are signs of stopping the decline in the short term. This wave of plunge is very likely to digest the data in advance, so I personally prefer a short-term rise;
Light long position, target around 2350.
If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
Overview of important economic events in the past 2 weeks: XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The past 2 weeks have witnessed a lot of important economic news such as: ISM Manufacturing PMI,
JOLTS Job Openings, ADP - NF, PMI, Unemployment Claims, CB Consumer Confidence, GDP, PCE,
Pending Home Sales m/m
As the overview chart shows: it can be seen that most of the economic data is not good for the dollar - DXY decreased - XAU increased and stabilized to recover.
The US economy near the US election is quite gloomy - not showing positive recovery + war conflicts in the world (Russia - Ukraine / Israel - Palestine) are still tense
⭐️ Personal opinion:
US macroeconomic factors are not supporting the economy - Gold is still a safe and effective investment channel at present.
⭐️ Technical analysis:
Long-term H1, H4 time frame, after Gold price broke 2350 thanks to positive impact from economic data. Gold price tends to increase greatly, returning above the 2400 area
Pay attention to resistance zones: $2400 , $2430 , $2450
⭐️ 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
US Nonfarm will be an important factor affecting USD and goldGold This morning I noticed a robust boom, so 2380 then fell returned to 2370.
With the Plan and Price Model running, the principle fashion is that Gold can nevertheless boom withinside the lengthy term. If everyone follows the D1 Frame or the Weekly Frame, you may truly see the trendline. The following height is better than the antique height and the subsequent backside is better than the antique backside.
>Current Price Frame I will purchase GOLD round 2364>2368
SL 2361
TP 2376>239x
This morning`s Asian session, please confer with this fee variety for trading. If there are developments, I will replace extra later ❤️❤️
Gold price break - a recovery in price⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rose for the second consecutive day and reached a two-week high of around $2,373 during Thursday's Asian session. This increase is driven by expectations that major central banks will reduce borrowing costs to stimulate economic activity. The Bank of Canada (BoC) recently lowered its benchmark rate for the first time in four years, signaling concerns about slowing economic growth. Additionally, the European Central Bank (ECB) is anticipated to cut interest rates for the first time since March 2016 at its June policy meeting today.
⭐️ Personal comments NOVA:
Gold price breaks from the upper border - recovery and upward momentum at the end of the week. Pay attention to upcoming resistance zones
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2355 - $2357 SL $2352 scalping
TP1: $2360
TP2: $2368
TP3: $2378
🔥BUY GOLD zone: $2341 - $2339 SL $2334
TP1: $2350
TP2: $2360
TP3: $2370
🔥SELL GOLD zone: $2378 - $2380 SL $2385
TP1: $2370
TP2: $2360
TP3: $2350
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
XAUUSD (GOLD) BUY ANALYSIS - ICT CONCEPT |SMART MONEY CONCEPTHere on Gold price has crossed our TP 1 and now return to resistance zone forming order block (OB) after break of structure (BOS) so is likely to go up so this point is expected to go LONG and expected profits should be around next resistance zone at level of 2,410.000. Apply money management.
XAUUSD ICT CONCEPT ANALYSIS BUY Here on Gold price has break the resistance zone after the initial liquidity grap and has moved away from our Take profit 1 and return back so it posible to move more to reach a Take profit 2 . So going for LONG is needed and targeting profits should be the area make zone and stoploss should be around 2362.000 . Money management is neccssary
XAUUSD - Completely breaking the accumulation side of the SellerJust this morning, GOLD`s fee expanded via way of means of almost 20%, breaking the whole accumulation facet of the Sellers. Currently, as I see it, GOLD's subsequent response factor will maximum possibly react across the 238x Zone. As I additionally in reality advised all and sundry at the start of the week once I commented that so long as GOLD has a destroy thru 231x or 236x, it will likely be smooth to decide the Trend and New Trading Zone.
>As for today, I will nonetheless preserve the factor of view of purchasing GOLD to the 238x place after which perhaps going again to the 24xx place.
>Because Gold is likewise growing strongly and there are response rhythms with RSI being too Buy. So Absolutely there may be But the charge will lower slightly. Everyone ought to watch for GOLD to have a clean RSI destroy factor earlier than going to Sell
>Today's Plan Canh Buy 2366>2370
SL 2364
TP 2378>238x
>Sell Gold on Zone 238x
Wait for the marketplace response with RSI too Buy and Sell at 3>five prices.
Now at the 1st day, all and sundry simply move again to the competition and trade ❤️❤️
Gold fluctuates in a narrow range, with pressure at 2337-2340
The market is in a period of volatility and hesitation, and the MACD indicator is also flat, which can be understood as paving the way for Friday's data. It is still uncertain whether the data is good or bad for gold.
Friends who currently hold 20, 25-30 long positions can consider taking profits at 2337-2340, which is today's pressure level; if they cannot break through, short and look at around 2024
If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
XAUUSD: Analysis June 5As much as Gold increased yesterday, Gold was pushed back down yesterday, showing that the resistance above is strong. However, there has not been any change in the chart structure because Gold D1 is still within the narrow price range of the larger price range. The formation of such a narrow sideways period is like creating a "detonator", which can cause Gold D1 to have a strong rebound in price in the near future.
Gold H1 was pushed back to the old bottom after the previous push up. The structure formed is an inverted V-shaped pattern, showing strong resistance at the upper border of the price range. The main topic of Gold H1 today is waiting for sale.
💡 H1 trend: Gold moves sideways.
Today's trading idea: Sell Gold.
XAUUSD - re-scanning the old accumulation zone of the BuyersYesterday Gold re-scanned the vintage accumulation quarter of the Buy faction. Currently, Gold has rebounded to the 233x area, however with this fashion and wave, it's far very in all likelihood that Gold could have every other moderate correction earlier than the Nonfarm news, everyone ❤️❤️
>Today I will Sell Gold round MA h1 and H4 from the fee variety 2340-2345
SL 2350
TP 2330>232x
If GOLD can growth once more thru the 2345 quarter and spoil thru the vintage resistance quarter, I will purchase and chase Gold returned as much as the 245x quarter.
If the Plan is correct, in my opinion, Gold will lower barely for 1 beat after which growth immediately, everyone ❤️❤️
Support test is effective, short-term long goldJust now, I reminded in the last article that you should add double position to long gold at 2315. Currently, gold has reached the highest position of 2330 in the short-term rebound. From the perspective of form, gold has not yet escaped from the range of shocks. In the evening, gold once again dropped to 2315 to test the effectiveness of the support level. Obviously, it did not fall below it. The support of 2315 is still very strong. It is expected that it will continue to fluctuate before the NFP on Friday, and the shock is to accumulate energy for the NFP market on Friday.
There is no doubt that the current trend is volatile. The bottom support is 2315 and the upper pressure is 2355. In the future, the gold price will fall to around 2315 again. We will still go long first. In the short term, we will first look to 2340, and then 2355. The only thing that can make me change my strategy is that gold successfully falls below 2315 and closes below. Otherwise, if it falls back, I can participate in short-term long gold transactions!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD BUY ANALYSIS - ICT ConceptHere Gold has been forming support and resistance going back to liquidity grap and now rising up againg so is likely to move up after a serious of bounce back now going for LONG is needed and Stoploss should be around 2314.000 and targering profit should be 2347.000 . So it expected to use money management
Gold price is positive based on US economic data⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from a three-week low and trades within a narrow range during the Asian session. Bullish traders are favored due to expectations of a Federal Reserve interest rate cut later this year, supported by recent US macro data indicating a slowdown in manufacturing activity and the economy. This has resulted in the US Dollar (USD) declining to a near two-month low, benefiting gold as a safe-haven asset.
⭐️ Personal comments NOVA:
Gold price is positive thanks to good economic data at the beginning of the week for Gold - large amplitude sideway. The H4 long-term framework still supports continued decline and correction
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2325 - $2327 SL $2320
TP1: $2335
TP2: $2342
TP3: $2350
🔥SELL GOLD zone: $2374 - $2376 SL $2381
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
Wide fluctuations in the area, sell high and buy low tradingStimulated by the risk aversion news, gold rose again to around 2355. I have already reminded you in my article yesterday. Gold is still not in a bearish trend overall. If gold rebounds to the 2345-2350 area and then falls, gold is still expected to test a new low, but the time period will be extended.
Gold fell back to around 2326 in the short term. Judging from the current trend of gold, I expect that before the NFP market, gold will most likely maintain a wide range of fluctuations. It is difficult to break through the upper side, and there is a solid support below. Therefore, before NFP, the performance of both long and short sides will not continue. Then we can use the support and resistance areas to sell high and buy low in the transaction.
At present, gold has fallen back, and we can participate in the short-term long gold in time. In the short term, we first focus on the support of 2330-2325 area, and the resistance of 2345-2350 area on the upper side.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD There is a strong upward correction through the 235x areaLast night time GOLD had a sturdy upward correction thru the 235x location. Currently, concerning the Trend, I see that GOLD is absolutely at the Buy side. This morning, Asian Gold consultation had a mild downward fashion following RSI to the resistance location 2343>2346. With this mild adjustment, in line with Minh Gold, there could be extra reactions on this zone. Because the weekend has very sturdy news, on weekdays I additionally advocate anyone to play Vol toddler safely. The marketplace remains going for walks so there's no scarcity of possibilities for anyone to trade 👌
> With the Current Price Plan, I will Buy Gold According to the response of Resistance and Ma in body M30 and above.
> Buy GOLD round 2342>2345
SL 2340
City 2356>2368
Today I will comply with Ma buying and selling in essential frames. If you comply with this fee model, Gold has three peaks at 2362>2360>2454. Then, if there's handiest one sturdy shopping for rhythm to interrupt thru this accumulation model, Gold can without difficulty growth strongly again. And if Gold follows this resistance plan, I will anticipate extra clean reactions earlier than Selling 👌👌
XAUUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi