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Xauusdidea

XAUUSD 9/8/2024 Is the Uptrend Over? Yesterday we saw a significant rally that confirmed my bullish view from yesterday. - We see the price has broken above the 2406 zone so this price action has confirmed that the black wave 1 and 2 have formed and the price is currently in wave 3 - The characteristic of wave 3 is to move quickly and sharply, the target of wave 3 we measure will be in the 2428 zone or the 2453 zone, looking at the current price I am expecting the target of wave 3 to end in the 2428 zone - And then there is a correction of wave 4 and continuing wave 5 the price bounces to the 2453 zone Our trading plan will trade according to wave 5 BUY ZONE: 2412 - 2409 SL: 2402 TP1: 2428 TP2: 2442 TP3: 2450 SELL ZONE: 2450 - 2453 SL: 2463 TP1: 2442 TP2: 2428 TP3: 2406
OANDA:XAUUSDLong
by DEEKOP
Don’t worry, your short position will be profitable! .With certain buying support, gold was pushed up to around 2415, which was also the most positive day in the past two days. Do you still hold a short position in gold? What if the short position is in trouble? In fact, I am not nervous about the rebound of gold. I think there is nothing logically wrong with holding a short position in gold, and I firmly believe that gold will fall back, at least around 2390. Do you think you will still be nervous about holding a short position in gold? For the rebound of gold today, I think it is just a technical repair, and it is far from a strong reversal. In addition, gold is still facing suppression in the 2416-2420 area and the 2430-2435 area. Without the influence of major news, it is difficult for gold to form a technical support rise in a short period of time. Then the continuity of the gold rebound is not strong, and gold will fall again. So I don’t think there is any need to worry about holding a short position in gold. On the contrary, we can’t easily chase more gold in trading.Are you still worried about your gold short position? If you don’t know how to solve the current difficulties, you can follow me. 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. !
OANDA:XAUUSDShort
by alongwineer
XAUUSD: 1HR VIEW Targeting $2300! Second Entry UpdateDear Traders, Price has shown some strong bearish pressure as it failed to go beyond 2408, where it ranged for entire London and New York session. We waited until now to have some strong confirmation of how price may move. We are now confident enough to have a bearish outlook on Gold. If you like the idea then like and comment. Previous idea is running +400 pips. Keep supporting and good luck to everyone. Trade safe.
OANDA:XAUUSDShort
by Setupsfx_
16
XAUUSD 8/8/2024 Is this decline over? Looking at H1, we see that after yesterday's decline to the 2380 price zone, the price has recovered to the 2396 zone. - Yesterday's decline, we wanted to see the price stop at the 2389 zone to confirm that wave 2 had ended and started wave 3, but in fact, the price has dropped deeply to 2380. Although the previous wave counting process has not been denied, the price's deep drop to 2380 has given us a complex correction model of wave 2 in black, so we still bet that the uptrend is the current main trend. - Today, the price has recovered to the 2396 zone, suggesting to us a triangle correction model abcde. Obviously, I will not make a subjective conclusion because with a complex correction model, we have to patiently wait for the complete model to have the exact direction of the price. - Current Trading Plan BUY ZONE: 2374 - 2371 SL: 2364 TP1: 2381 TP2: 2400 TP3: 2412 SELL ZONE: 2415 - 2418 SL: 2425 TP1: 2406 TP2: 2495 TP3: 2389 SELL ZONE: 2425 - 2428 SL: 2435 TP1: 2418 TP2: 2406 TP3: 2495
OANDA:XAUUSDLong
by DEEKOP
XAUUSD/GOLD Deep correction rhythm - Opportunity for investorsGold market analysis for the US session on August 7, 2024: Gold has formed a deep correction downtrend. This is an opportunity for us to make some good entries for long-term positions. Currently, gold has completed corrections from the m15 - H4 timeframe; a correction phase is seen at the D timeframe. Key levels to watch are: 2408 - 2412, 2424 - 2427, and 2350 - 2355. Recommended positions: Plan 1: SELL XAUUSD zone 2408 - 2411 SL 2414 TP 2400 - 2390 - 2368 - open. Plan 2: SELL XAUUSD zone 2425 - 2427 SL 2432 TP 2415 - 2400 - 2380 - open. Plan 3: BUY XAUUSD zone 2352 - 2355 SL 2348 TP 2365 - 2380 - 2386.
FX:XAUUSD
by wetdyerap
XAUUSD 7/8/2024 Will the downtrend continue? Looking at H1, we see that we have achieved the target of wave 2 in yesterday's plan. Now we expect wave 3 to continue. The characteristic of wave 3 is a strong and sharp increase. Therefore, we expect a strong increase - Wave 3 is confirmed when the price breaks through the 2418 zone, then we will have a wave 3 target at the 2467 zone - Currently, we are in a very good buy price range, the target zone I gave in yesterday's plan I have a backup buy plan at 2374 - 2371 Our target is the wave 3 increase, so buying up is the main thing, and the sell orders are just to catch the corrective down waves Trading plan BUY ZONE: 2374 - 2371 SL: 2364 TP1: 2403 TP2: 2413 TP3: 2428 SELL Scalp ZONE: 2312 - 2315 SL: 2322 TP1: 2408 TP2: 2403 TP3: 2498 SELL Scalp ZONE: 2424 - 2427 SL: 2432 TP1: 2417 TP2: 2409 TP3: 2403
OANDA:XAUUSDLong
by DEEKOP
2
XAUUSD 6/8/2024 Is this rally over? This past week we have seen a lot of volatile news that has affected the direction of gold prices With the unstable geopolitical situation causing large fluctuations in gold prices - Looking at H1 we see a completed ABC corrective wave structure. Following an ABC corrective structure we expect a 5 wave bullish structure. Obviously not excluding the possibility of a complex correction wave then I will update if it happens - Currently we expect a bearish correction to confirm wave 1 and wave 2 completed and wave 1 and 2 confirmed when price closes above 2365.6 - This current correction we expect a yellow abc wave pattern and target at 2385 price zone or 2377anh price zone Trading plan BUY ZONE: 2385 - 2382 SL 2363 TP1: 2393 TP2: 2404 TP3: 2418 SELL ZONE: 2421 - 2424 SL: 2447 TP1: 2408 TP2: 2396 TP3: 2385
OANDA:XAUUSDShort
by DEEKOP
3
Short gold using the 2410-2415 area as resistanceToday, gold rebounded to 2458, and then fell all the way, hitting the lowest point near 2365. We made a lot of profits in both long and short transactions today. First, we shorted gold near 2441, and gold hit TP: 2425 during the decline; when gold rebounded again, we shorted gold again near 2445 and 2452, and then we closed the position manually near 2439; then we chased short gold near 24117, and gold hit TP: 2398 during the decline; when gold fell to 2364 and showed signs of stopping the decline, we went long gold near 2366, and gold hit TP: 2380 again during the rebound. Then we chased long gold near 2390, and we closed the position manually near 2396. At present, gold continues to rebound to around 2410. I think it is impossible for gold to form a strong reversal in a short period of time after a sharp decline. Gold will continue to fall after the rebound. At present, gold is facing short-term resistance in the 2413-2415 area. If gold cannot form an effective breakthrough, it will continue to fall! So in terms of short-term trading, I still insist on shorting gold in the 2410-2415 area. What we have to do next is to wait for the rapid growth of profits! 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. !
OANDA:XAUUSDShort
by alongwineer
1
XAUUSD 5/8/2024 correction is over? Looking at H1 we see the ABC correction wave structure. Looking at the ABC correction model, we see that we are likely to have an unusual correction model, when wave C does not exceed wave A. - So now we need to observe to confirm whether the correction wave has ended - The confirmation condition is that if this downtrend closes above the 2413 zone, then we have the price entering the uptrend wave and then the target price zone is the 2500 zone. Currently we have a trading plan SELL ZONE 2456 - 2459 SL 2466 TP1: 2447 TP2: 2442 TP3: 2433 BUY ZONE: 2426 - 2423 SL: 2416 TP1: 2433 TP2: 2442 TP3: 2455
OANDA:XAUUSDLong
by DEEKOP
1
XAUUSD Friday Trading Strategies and Signals xauusd Trading on Friday is the most difficult, plus several major news data will be released this week. Tomorrow, the US non-farm payrolls data will be released. There will be relatively rapid and large price fluctuations in a short period of time. So please set a stop loss when trading: Yesterday and today, gold rose violently. So tomorrow we can maintain several buying areas and sell at several specific resistance prices while the trend remains unchanged: Sell: 2466-2471 (the first resistance area to be reached. Maybe 2475. But trading in the price range is very advantageous) 2480-2484 (historical high) Of course, I think scalping at 51-54 can also win some profits. Buy: 2432-2436 has been triggered now, we can hold and observe, because I think there may be a risk of price correction. 2418-2421. The price meets the initial assumption of the correction. Of course, I always improve that everything can happen in the trading market. The price price correction exceeds the support area of ​​2412. I think it will test the 2390 area again. In short, trading in our price range will always earn you some profit. If you make a profit following my trading range, please give me a thumbs up and join me. Maybe I will update again with a new analysis before the news is released tomorrow. This is a preliminary trading plan
FX:XAUUSD
by MaudEvans