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Xauusdidea

XAUUSD on June 27, 2024, the final decline? The price has approached the 2295 zone and is currently recovering very weakly in this zone. - There is a high possibility that the price will continue to break this zone and drop to the 2287 zone. + At area 2287, if the price breaks out below this area, the price will continue to complete the target of wave 5 at price area 2256 or 2210. + If the price continues to rebound and surpass the 2315 price range, then we can say that the correction has not ended and the current price is still in a complex correction, then we have to count the waves again ( I will update if this situation happens) - At this price range, we should only observe or play Scalping because we have two price resistance zones that are quite close to each other, the 2295 zone and the 2287 zone.
OANDA:XAUUSDShort
by DEEKOP
Don’t chase the rise in gold, continue to short gold!To be honest, the rise in gold today far exceeded my expectations. Gold hit a high of around 2331, and strongly broke through the short-term resistance of 2315 and 2325. In particular, the release of the initial jobless claims data was bearish for gold, but it was unexpected that gold rose instead of falling. Although gold rebounded strongly in the short term, I don't think the trend has reversed. First of all, after gold fell below the 2300 mark yesterday, it rebounded directly to around 2331 today. The time was too hasty and the time window was unreasonable! In addition, the continuous rise in gold in the short term is actually at a high level, because the current gold price is still suppressed by the 2335 platform above, and the sharp rise must have a retracement trend to confirm support! In addition, in my opinion, today's gold bulls' raid is just the last struggle of the bulls. It is also sweeping the short orders. When the short orders are swept clean, it will fall again! ! ! So in terms of trading, what we have to do now is not to chase the rise of gold, but to insist on shorting 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:XAUUSDShort
by alongwineer
XAU/USD 27 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price could potentially be seeking further liquidity to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As per previous intraday expectation price did target weak internal low and printed a double bearish iBOS. Price has reacted at a H4 demand level to potentially initiate bullish internal pullback. Price has yet to print a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS, therefore, price is contained within an internal high and fractal low. Internal high and CHoCH positioning are currently at the same level. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. Price could potentially continue bearish to engineer a CHoCH closer to current price. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD June 26, 2024 important price zones? Yesterday's price broke the 2334 zone, confirming the abc wave correction process, which also means that wave 1 and orange wave 2 have completed. After that, the price continues to decrease to continue completing wave 3. We have the characteristics of wave 3 as moving quickly and sharply, - So we wait for the candle to close below 2316.8 to confirm the correction to complete. - The second important price zone to confirm that we are in wave 3 is the price zone 2309 that needs to be broken down and the sufficient condition is that the price breaks below 2287. - After the price has broken below the 2287 area, the target price area we have measured will be considered the 2256 price area and then the 2210 price area. - I have listed important price zones so you can have the best trading management plan. - Trading plan with sold transactions from the 2334 - 2337 range, you can watch these price zones to lock in partial profits or you can DCA when the price breaks out through these price zones. - When the price breaks out through these price zones, you can find an entry point for a Sell order
OANDA:XAUUSDShort
by DEEKOP
3
XAUUSD GOLD Technical Analysis and Trade Idea👉🔍 In this analysis of XAUUSD (GOLD), we examine higher time frame charts that suggest a bearish trend with a potential retracement into resistance. The price action indicates a strong bearish move into support. I am anticipating a possible short-term bullish reversal into resistance for a buy, followed by a sell opportunity from the Fibonacci retracement. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
FOREXCOM:XAUUSD
by fxtraderanthony
2
XAUUSD June 25, 2024 Is the rally over? Yesterday the price touched the wave 4 target zone that we predict is the 2329 zone. - Currently, the price is reacting at the 2334 area. Looking at the current H1 candlestick model, we see withdrawal candles appearing in this area, proving that there is very strong selling force blocking the price increase in this area. - The ending target of this correction is around the 2334 zone. It is important that we wait for a reversal confirmation signal in this zone to be able to set up a Sell trade. - Note that currently on the H1 frame, I am seeing a momentum signal entering the oversold area. This indicates a high possibility that a small price increase will occur. This is a very good opportunity to confirm a reversal. We need to pay attention. close + If this increase does not break through 2334.2, then we will have a reversal signal at the 2334.2 price range. So the entry point is when the price breaks to the previous bottom. + If the price breaks through 2334.2, then we will continue to observe that the price may approach the 2340 to 2342 range. Then we wait for a reversal confirmation to find a point to enter a sell order. The market is always fluctuating and nothing is certain, so Deekop wants his analysis to help you strengthen your trading strategy. I will update more when there are fluctuations in the market. Thank you everyone for following
OANDA:XAUUSDShort
by DEEKOP
XAUUSD:If you are long or short, what should you do next? As of today, gold has not fluctuated much, and the resistance is mainly concentrated near 2336. From the chart, there are signs of head and shoulders. If formed, the next low point should be around 2312-2307. In terms of trading ideas, maintain low longs for the time being. What needs to be paid attention to at present is the support of the range of 2321-2317, which can be used as the area to start longs with moderate risk. Because if the market falls to around 2307, the probability of rebounding is relatively large, and the resistance of the rebound will also appear near 2318. Then the long orders added in the range of 2312-2307 will give some profits, and the longs near 2320 will suffer a small loss, but overall the transaction will end with profit. Another strategy is to start short trading directly. If the support is effective, you can add orders in the range of 2336-2346, because from a medium-term perspective, I still tend to be short-selling, and the target is maintained in the area near 2268. Therefore, no matter whether you are currently holding long or short positions, you don’t need to worry too much. As long as the account funds are sufficient, you can end up with a profit. If you have any other questions, you can leave me a message.
FOREXCOM:XAUUSD
by Allen_Ex
XAUUSD June 24, 2024 Will the downward wave continue?Prices are recovering after a sharp drop on Friday. - According to the Elliot wave principle, a sharp wave moving quickly is wave 3 in a series of 5 waves. - So it is possible that the current increase is a correction in wave 4, so we will continue to have wave 5 continuing to decrease after wave 4 correction is completed. - The nearest resistance zone is the 2330 zone. We will monitor this zone and it may be the target of wave 4. - The target zone for wave 5 from the current forecasts is estimated at 2309. After reaching this zone, we will have the completion of the orange wave 1 in the larger wave. - Then the price recovered to complete the 2 orange correction wave. We predict wave 2 target at 2343.59 Trading plan - The main trend is downtrend, so for long-term transactions we prioritize sell orders. The best price zone to enter an order is the price zone that completes the orange wave 2, which is the 2343.59 zone. When the price reaches this zone, look for a confirmation reversal signal to enter the order. - With SCalping trades, we wait for the price to react at the support and resistance zones to enter orders. Note that Scalping trading is a short wave trade, so the TP is usually from 30 pips to 100 pips, so you should focus on managing the trade. Translation to limit risks
OANDA:XAUUSDShort
by DEEKOP
Gold has plummeted, how to trade gold next?After reaching a high on Friday, it fell sharply, giving up all the gains this week. The daily candlestick chart closed with a big negative line, and the weekly line turned down. On Friday, I made the following tips in my private channel: Today is Friday, and it is not ruled out that the main market players took the opportunity to sell, under which circumstances, the gold price was suppressed. In addition, it is currently facing resistance in the 2365-2370 area in the short term. So what we have to do today is to stop chasing the gold price and avoid the risk of chasing more. In terms of trading, we can try to short gold. Obviously, we won a big victory in Friday's trading! We shorted gold with the 2365-2370 area as resistance. Obviously, gold successfully hit the target price in a sharp decline. Personally, I made more than $50,000 in gold trading this week, and maintained a 100% winning rate in trading. Very good results! Gold rebounded after hitting a low of 2317 on Friday. Obviously, the 2315-2310 area still has some support for gold. Therefore, we should not aggressively short gold in trading before gold falls below this area. If gold falls back first at the beginning of the week, we might as well try to go long on gold with the 2315-2310 area as support; the upper short-term resistance area is 2325-2330, and the second key resistance area is 2340-23456. If gold rebounds first and approaches any resistance area, we can choose to short 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:XAUUSDShort
by alongwineer
XAUUSD | GOLDSPOT | New perspective | follow-up detailsThe Federal Reserve opted to maintain interest rates at their current levels and delay any potential rate cuts until at least December. Officials foresee only a modest quarter-percentage-point reduction for the year, emphasizing the importance of managing inflationary pressures. Fed Chair Jerome Powell highlighted that despite robust growth and low unemployment rates, the central bank remains cautious, waiting for clear economic signals before making any adjustments. The market reacted to this news, with gold prices climbing over 1% on Friday, fueled by expectations of a possible rate cut soon. Concurrently, the 10-year US Treasury bond yield trended lower towards 4.2%, influencing the XAU/USD pair upward as the week came to a close. This video offers a detailed strategy to help navigate various market scenarios, empowering us to make informed decisions as the market digests the latest developments. XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is still fixed on the key level at $2,335 for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
EIGHTCAP:XAUUSD
by darcsherry
4