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XAUUSD: 2300+ PIPS Trade Idea in Making! Gold price rebound to 2365$ area before started to drop again, price reverse from a solid imbalance zone where price rejected strongly. After carefully, looking at the price behaviour it is likely to have a strong drop on gold prices in coming days. We expect price to continue dropping down until it reaches 2280 region where a strong reversal/rebound can be expected. So good luck and trade safe. **if you like our ideas then please do like,comment and follow for more.**
OANDA:XAUUSDLong
by Setupsfx_
26
#XAUUSD: As we planned, everything is moving as expectedDear Traders, As we explained in our previous charts that gold will rebound from 2290 region and price did exactly as we expected. Now we expect price to continue the bullish momentum up until 2500$ region, which will be our long term entry. There are major economical data on our way in this week also next week, those may impact the future trend of the Gold. However, we remain firm with our positions. **If you like our work please like and comment, follow for more such educational content**
OANDA:XAUUSDLong
by Setupsfx_
4
XAUUSD July 8, 2024 Will the rising wave continue? Nonfarm news last weekend with lower employment data than the previous period caused gold to have a strong increase in price to 2392.2, this price increase may need to continue a correction of wave 4 before completing wave 5. final increase. Looking at H1 we see Black wave 5 has exceeded our measured target and approached the 2392 area. - So the next 5 waves are a correction. The corrective wave is a complex wave that is difficult to specifically identify, but we still take the ABC corrective wave as the standard for price observation. The specific target of this corrective wave needs to be observed at least as waves A and B complete to be accurate, but from the current data I measure the target of the corrective wave ending at the price range 2363 or 2355. These are the two price zones I expect to continue buying. We will continue to observe price behavior during the correction wave to more accurately determine the target price zones of the correction wave.
OANDA:XAUUSDLong
by DEEKOP
XAUUSD July 5, 2024 waiting for a reasonable buy point Yesterday was Bank Holiday, so low market liquidity led to gold prices sideways in a narrow fluctuation range. The price targets have not changed from the previous plan, the only difference is that the price has touched the demand zone that we have identified and turned up. This suggests that wave 4 may have completed and The price will continue to increase, completing wave 5 - Today there is news about Nonfarm, if the price continues to compress within this narrow range, then after the news it is possible that the price will complete the wave 5 target and then enter a correction. If the price reaches the target of wave 5 before the news is released, then after the news is released, the price will have a downward correction. - The target price range that I want to buy is the price range 2339 to 2342. This is the expected price adjustment range after wave 5 completes.
OANDA:XAUUSDLong
by DEEKOP
XAU/USD 04 June 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterdays analysis dated 03 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has continued bullish indicating that bullish pullback phase is incomplete. Internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a further bullish iBOS. Bearish CHoCH has been printed after reacting from H4 supply zone. This indicates, but not confirms bearish pullback initiation. Price has reacted from discount of 50% EQ. Intraday expectation: Internal structure is bullish, therefore, price to react at either discount of 50% EQ or M15 demand zone before targeting weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase and we are showing reaction from H4 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD July 4, 2024 will the price still decrease?We expected a shakeout to enter the line but the price did not create this spring and completed the Flat correction pattern with wave c equal to wave a. Then the price increased sharply to the 2365 area - The completion of wave c means that wave 2 has also completed. Now the price enters wave 3 - The target of wave 3 is at least fibo 1.618% of purple wave 1, so we have the minimum expectation at the price range of 2395 - Looking at the smaller black trend, the price has gone through 4 waves 1234 and we wait for wave 5 to complete and then the price will have a correction before continuing to increase. - My suggested buying zone is the price range 2342 - 2340, which is the expected target of the completed major correction.
OANDA:XAUUSDLong
by DEEKOP
XAUUSD July 3, 2024 will the price continue to increase? Looking at H1, we see that the price continues to sideways in a tradingrank. As I said, this is a correction wave. During the adjustment process, the price will move very complicatedly. - Looking at H1, we see that the price creates gradually lower peaks and especially the demand zone created by the bottom of wave 4 at the price range 2319 has been approached many times and we see that each subsequent approach the price does not rebound strongly, creating new higher peak. This is a sign that this area is likely to be breached - Our plan is to wait if the price reaches the target range at 2311 to 2304 to find a Buy order.
OANDA:XAUUSDLong
by DEEKOP
2320! Go long gold!Although gold has formed a head and shoulders top pattern at the short-term level, the momentum has turned to neutral, and gold has failed to effectively fall below the 2320-2318 area many times during the decline. Instead, it has formed a head and shoulders bottom pattern at the hourly level, and the shoulder support is exactly in the 2320-2318 area. So gold can still use this as support to continue to rebound. In addition, gold has never fallen below 2318 during the decline, so I think the decline of gold is just compression. The deeper the compression, the more violent the rebound may be. It may even continue to rebound to 2340 or even 2350. So when gold falls back to the 2320 area in the short term, I will not continue to chase short gold. On the contrary, I will start to go long on gold! 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:XAUUSDLong
by alongwineer
2
XAUUSD July 2, 2024 will the price continue to increase?Looking at H1, we see that the price is having a recovery to the 2334 area. Looking at the recovery candles, we see that these are short-bodied candles, which proves that the price momentum is weak and will not make the price go far. Okay - Looking at the overall price correction, the price is in a Flat correction model. With this model, we continue to expect the price to complete wave C before continuing. We continue to wait for the price to touch the target of wave C at the price range 2311 to 2304 to enter a Buy order.
OANDA:XAUUSDLong
by DEEKOP
1
In this round, I choose to short gold!Gold rose to around 2340 last Friday and then fell back, which is exactly the 61.8% golden section of 2368-2293, so there is still relatively strong resistance above gold. At present, gold has rebounded to above 2330 again. Although it has destroyed the short-term downward momentum, the continuity is not strong and the rebound is not strong enough, exacerbating the gold shock. In addition, it can be seen from the short-term structure that there are obvious signs of a head and shoulders top structure in the short-term structure, and the shoulder position is near 2331. Of course, even if gold rebounds strongly, the rebound high point last Friday limits the rebound space, so the upper space is obviously not large. Therefore, in short-term trading, I still tend to short gold at a high level! First pay attention to the resistance of 2335-2340 above, and first pay attention to the support of 2320-2315 below! 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