Gold Monday Trading Strategies and Signals
XAUUSD.
Today is Monday, July 22. It is the first trading day of this week.
Today, gold opened at 2412 and has been fluctuating slowly within the range.
After last week's violent fluctuations, gold is now very polarized. So I think it is likely to be a fluctuating trend today. When the trend is oscillating, we can make profits in both buying and selling orders.
I will give you several corresponding transaction prices. You can refer to them.
Gold buy:
XAUUSD buy:
2391-2394
2377-2381
XAUUSD sell:
2417-2422
2429-2433
The above is my judgment on the gold trend today. I hope everyone will gain something.
If you are interested in my analysis, please join me and give me a thumbs up
Xauusdidea
XAUUSD - GOLD - Scalping Mode! 22nd JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD GOLD trade Idea on 4-hr timeframe {18/07/2024}Educational Analysis says XAUUSD GOLD may move in this range for some time according to my technical.
Broker - OANDA
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, it maybe long for the premium level in the 4-hour time frame.
Let's see what this pair brings to the table for us in the future.
Please check the comment section to see how this trade turned out.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
XAUUSD moving again to break a new record high**Monthly Chart**
XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades.
XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold.
**Weekly Chart**
The last weekly candle closed as a big bearish high test. This happened after XAUUSD (Gold) reached a new record high. This created a large sell-off from buyers closing their positions at high prices and introduced sellers to short gold for quick profits.
**Daily Chart**
Last week XAUUSD closed near the previous equal low which was at some point the daily swing high. This has created a new demand zone for the price to push higher again after completing the sell-off. This week we will be looking for entry to move higher and create a new record high in line with fundamentals and geopolitical factors. Look for buy setups forming on lower time frames (ie. 4H and 1H).
Gold fell as expected, making a huge profit of 500pipsThe magic was successfully demonstrated, and we finally met at 2430-2420! In the past two days, I have been emphasizing shorting gold and setting a target: 2430-2420. And the day before yesterday, I also emphasized in the article that shorting gold in batches in the 2470-2480 area, the target is 2430-2420. Today, gold continued to fall, and the lowest has reached around 2404. Perfectly hit our target area, we successfully made a profit of 500pips, a great deal!
At present, gold has fallen sharply and has continuously broken through multiple short-term supports. Now it is not just a correction, but the market sentiment venting and the selling of chips have formed a combined force to stimulate gold to form a new downward trend. At present, gold has fallen below the support near 2410, and the short-selling counterattack has strong potential. At present, there is no technical structure to support the rebound of gold, so I think gold will definitely test the 2400 integer mark. If gold falls below 2400, then gold may accelerate its decline to the 2385-2360 area in the future.
So in terms of trading, don't go long on gold for now; but the market won't give us a good position to go short easily. So what we have to do now is to wait and see! Of course, if gold has a chance to rebound to 2420, we can go short 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. !
See you at 2430!Gold rebounded again after a pullback to 2452, but during the rebound process, it only reached around 2475. Compared with the high point of 2484, the high point is gradually moving down, so the low point should also gradually fall. From the structure, gold is very likely to build a secondary peak in the 2475-2480 area. Once the construction is successful, the decline of gold will trigger a sell-off, and gold is likely to usher in a waterfall-like decline in a short period of time!
Moreover, after gold rose rapidly to around 2484, short positions were basically swept away, and the market was enthusiastic about going long, especially when gold rose by $2, the bullish target could be set at 2500. So I have every reason to believe that gold is suspected of tempting to go long during the rebound. Then gold is likely to be brewing a downward trend to eliminate most of the long positions in the market and increase market liquidity!
I currently still hold a short position near 2478, and the target is still in the 2430-2420 area. Let us wait and see, see you at 2430!
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 - GOLD - Scalping Mode! 18th JulyLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD on July 18, 2024 continues to wait for the target zone?
Continue with the previous day's plan
- Looking at H1, we have black wave 5 which is an expanding wave.
- In the black wave 5, there is a yellow 5-wave structure and now we have a yellow 4 wave that may have completed.
- From the measured targets for the end of wave 5 of the plans in recent days, we will have the first target at the round number area of 2500
- Currently we wait for the price to reach the target area of 2500 to find conditions to SELL
XAUUSD July 17, 2024 Will the rising wave continue?
The information we received is that Mr. Trump's brother is officially named as the Republican candidate. The fact that Mr. Trump is a bright candidate for the United States is creating conditions for XAU to increase in price because of its policies. In the past, he advocated for reducing interest rates to focus on economic growth.
The information released from the Fed in recent days shows dovishness with announcements that curbing inflation is very effective as well as statements from Fed Chairman Powell also making dovish comments. . This also makes the expectation that interest rate cuts will happen sooner.
Looking at H1, we see that yesterday there was a strong increase, which shows that we are having wave 5 extension.
We are measuring wave 5 and currently have two important target price areas to observe: the 2481.6 area and the 2500 round resistance area.
- At this time we should limit buying because the price is at the peak of the price force. Looking at the RSI, we see that the price momentum is weakening, while the price is still increasing, this signals that the current uptrend has ended. weakening force increased insignificantly
- We have target price zones to find selling points at 2481.6 and 2500.
- We expect the price to have a slight correction and then create a new peak near the 2500 area and the RSI peak will then diverge, which will be a nice sell trade setup. We continue to observe the price in this area to find a Sell down point.
- In the immediate future, we have a target area for the downward correction wave at the price range of 2438.6. When there is more data about the dark price, this target area will be updated
XAUUSD 4-HOURS TIMEFRAME (July 11, 2024)I know this seems impossible. I have tried so many scenarios, dissected patterns to several degree combined with other methods until I finally chose this scenario for XAUUSD.
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!