Xauusdsetup
GOLD Long Setup Ready To Enter Now To Get 500 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD - Abduction.. I love trend lines this sharp :')
Did you know that there is also persuasion in the market?
They persuade us and then show us the real intentions of the market!
To be able to identify the deceptions it is necessary to be detailed with the trading strategy.
Remember that we are still flying with gold so it is just a corrective pullback to be able to continue with the long term purchases...!!!!
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XAUUSD:Entering the bearish zone, target around 2268
Gold rose sharply yesterday, breaking through the 2352 resistance in one fell swoop, and is currently located near 2360.
The chart is now entering the triangle consolidation stage. After the price breaks through 2352 and stabilizes above it, the resistance has turned into support. Then in the next consolidation stage, the first support to focus on is the area near 2352. The upper resistance is based on the previous high point, which is located near 2368, 2374, 2379 and 2383 respectively.
Today, we can focus on 2368-2374. If we enter this range, we can sell directly, and the probability of profit is more than 80%.
After the price reached above 2352, my overall trading strategy has changed from long to short, and I will do trend-based medium-term trading, with the target maintained near 2268, just like our previous short target near 2280 and the long target at 2352. It takes a time to complete, so if you want to follow, please be patient!
XAUUSD: Bearish trend, target 2268
Gold found short-term support near 2300 and rebounded again. It is currently around 2330. The large-scale indicators show that the bullish force has not been fully released. There is a high probability that there will be another wave of upward market in the US market today or early next week. The strong resistance will be mainly concentrated around 2352. At that time, the release of bullish force will end and enter the buffer period. If the indicator cannot form a bullish trend again, the gold price will return to below 2300. The next short target will be around 2268.
At present, my trading strategy will be mainly short.
GOLD +200 Pips 0 Drawdown , New Entry Added For Tomorrow !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD:Short, medium-term target 2306-2294
After yesterday's rise, the divergence of the gold indicator has been repaired. Today, it fell again and is currently near the small-level support. There is a rebound demand, and the resistance is near 2340.
In the big trend, the shorts have more advantages. 2368 is still a strong resistance. Before that, 2352-2363 is an important resistance.
In terms of overall large-scale transactions, 2306-2294 can be used as a medium-term target.
If you have any questions, feel free to leave me a message.
Have a good day and good luck to everyone!
XAUUSD on June 6, 2024, the uptrend officially begins?Yesterday Israel attacked Hamas, causing gold prices to increase sharply last night despite the ISM PMI index being greater than 50.
Looking at H1, the news of Israel attacking Hamas has caused the price of Gold to rise through tradingrank for more than a week now.
- Price surpasses 2464 and confirms wave 5 has ended at our target area of 2317.
- From the chart we see that wave 5 is an Ending Diagonal Triangle (ED) wave. This wave usually appears at the end of the trend. When this wave ends, a new trend will open
- So we hope the next price target is 2397
- Looking at the H4 momentum indicator, we see that this indicator is in the overbought zone and is about to reverse. Looking at the H1 momentum indicator, we see that this indicator is entering the overbought zone. So in the immediate future, we expect a correction to confirm wave 1 and wave 2.
- We have 2 temporary target areas measured on the H1 chart measured from existing data. We continue to observe to wait for this confirmation adjustment to complete.
In our plan, we pay attention to the 2397 zone. If the price reaches this zone, there may be a big correction that we can take advantage of to sell down.
Adjustment areas 2464 and 2354 may be the price will retest these areas and we can proceed to buy up.
Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
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 June 5, 2024 Yesterday's decline has ended
With the PMI being lower than expected at only 48.7 compared to 49.2 in the previous period, if this index is lower than 50, it signals that the expansion of industrial production scale is shrinking. With this index being lower than 50 for two consecutive periods, especially this period being lower than the previous period, it is a sign that the US economy is showing signs of stagnation. The main impact is that interest rates remain high for a long time, making it difficult for people and businesses to access capital. This continues to be a sign for the Fed to decide to cut interest rates in the near future.
Looking at H1 we see
- After the increase on the 3rd, the price touched the target of wave 5, we expected that wave 5 would have ended and the price would begin to continue a new uptrend. At that time, we also said that to confirm that wave 5 has ended, the minimum condition is that the price must break the 2464 zone.
- As of yesterday, the price had dropped back to the target wave 5 area that we measured before. This signals that wave 5 could be a diagonal triangle pattern according to the Elliot principle.
- So from H1 in the diagonal triangle model, the price has now reached the end of wave 5 in this diagonal triangle.
- We focus on the wave 5 target areas at 2317 and 2311 to buy.
- Or safer, we wait for the price to break the upper level of the diagonal triangle and wait for confirmation to proceed with buying.