Unlocking Profit Potential XAU/USD Buy Trade AnalysisHey Nathima fams!
I hope you're all doing great! I wanted to share an exciting trading opportunity I've identified on gold. Here's why it's looking promising:
Weekly Strong Bullish Trend: The weekly chart is showing a robust bullish trend, indicating significant upward momentum in the price of gold.
Buy Opportunity: Considering this bullish trend, I'm highly confident in a buy opportunity on gold.
Target Range: I'm aiming for a target range of 2183 to 2208. This range aligns with both technical indicators and market sentiment, increasing the probability of a successful trade.
Profit Potential: With this trade, there's a fantastic opportunity to make substantial profits. By leveraging the current market conditions and strategic entry points, we can maximize our gains.
Let's capitalize on this opportunity together and turn it into a profitable venture! If you're ready to join me in this trade, let's make it happen and celebrate our success as a team. Here's to winning trades and amazing profits!
Xauusdstrategy
Best Technical Analysis Strategies for Trading Gold
If you want to trade Gold, but you don't know what strategy to trade, I prepared for you the list of 4 simple and profitable gold trading strategies.
Please, note that my list includes the indicator, swing, price action and smart money strategies, so you will certainly find the one that suites you.
Also, all the strategies will be strictly structure based.
It means that no matter which strategy you choose, you should start your analysis with identification of key levels on a daily time frame.
Example of structure analysis on Gold.
1. Breakout trading on a daily time frame
With that approach, we will be aiming to catch swing moves.
Your bearish confirmation will be a bearish breakout - a daily candle close below a key support. A bearish continuation will be anticipated to the next closest daily support then.
Your bullish signal will be a bullish breakout of a key daily resistance.
Then you can buy aggressively or on a retest, expecting a bullish continuation to the next strong resistance.
In the example above, bearish breakout of a key daily support was a strong bearish signal that triggered a massive selloff.
This strategy is based only on a daily time frame analysis,
the next 3 strategies will be more sophisticated and involve multiple time frames analysis.
2. Price action confirmation strategy
With that approach, you should patiently wait for a test of one of the key structures that you spotted on a daily.
After that, you should monitor the reaction of the price to that on 4h/1h time frames.
Your signal to buy will be a formation of a bullish reversal price action pattern on a key support, while your bearish confirmation will be a bearish pattern on a key resistance.
Once you spotted a confirmation, you can anticipate a bullish/bearish movement, at least to the closest 4h structure.
In the example above, Gold tested a key daily support. The price formed a double bottom formation on that. Its neckline breakout was a strong bullish signal.
A bullish movement initiated to the closest 4H resistance then.
3. Moving average confirmation strategy
For that method, you will need 2 moving averages: simple MA with 9 length and exponential MA with 20 length.
Once the market tests a key support, you should look for a crossover.
A simple MA should be above the exponential MA.
It will be your bullish signal.
After a test of a key resistance, look for an opposite crossover.
A simple MA should be below the exponential MA.
It will give you a strong signal to sell.
Here is how the MA crossover would help you to predict a bullish movement on Gold on an hourly time frame.
4. Smart money confirmation strategy
With that approach, you should look for a break of key daily structure on 4h/1h time frames.
After a violation of a key support, you should look for a bullish imbalance so that the price should return above the broken structure. That will be your signal to buy.
After a violation of a key resistance, look for a bearish imbalance. The price should come back below a broken structure. It will be your signal to sell.
After a test and a violation of a key daily resistance, Gold formed a bearish imbalance on a 4H time frame. It was a strong bearish signal.
All these strategies are very efficient. However, they will work after you learn to correctly identify key structures.
Let me know in a comment section which strategy do you prefer.
❤️Please, support my work with like, thank you!❤️
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to our previous analysis of XAUUSS, GOLD went UP very fast in the previous weeks. Because of the NEGATIVE SENTIMENT against the dollar, US10Y went down due to this. Then I automatically bought GOLD.
But the last day all those INFLATION INDICATORS were NEGATIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF.
Anyway, we expect GOLD to go up to 2000 LEVEL. Before that, GOLD may go down to 1888 LEVEL with the FOMC UPDATE. Be careful..
GOLD 1hour: finaly gold break red trend line and inter +up trendlet see AC indicator on gold futures daily and COT : big banks open order in bottom
doble bottom pattern come and price now touch SMA200 1hour
now it can little pullback to 1642 then going to fibo 61:1686.... trend is to 1700 ,,, after pinbar come we can inter posation near green,red arrow
good luck , BE CAREFULL FROM SELL ON GOLD ,gold can start wild uptrend without pullback and go to 1920 even above
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XAUUSD - HOW DOES GOLD REACT USD HIGH IMPACT NEWS?#XAUUSD
According to the analysis we gave to XAUUSS earlier, the TREND LINE is BREAKING and going down about 190 PIPS. We hope you get it.
We have some very important NEWS coming to USD this week. So we have to wait a bit until we get them. The reason is that in this week, some very important DATA such as MANUFACTURING DATA, LABOR DATA etc. should be received. They can definitely have a very positive effect on GOLD.
Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1671 LEVEL. Before that, you can definitely go to 1744 LEVEL GOLD. Be careful.
XAUUSD, Dec 2nd week analysisGold against Dollar pair jumps out from the strong support zone of 1770 price , and it may go towards the immediate resistance of 1807 zone.. price action suggest it may get rejected from the resistance to come down to pass 1770 mark,..
analysis only for education purpose
XAUUSD buy setup:XAUUSD setup based on the indicators and market structure.
We can find gold respected the support, after a nice fall. I got in the macd indicator a blue dot, meaning buys, and also I got a buy call, usually when both apear after respecting the market levels, structure, or some moving average market moves bullish. In case I had gotten a black dot and a sell call, market will have gone highly probably bearish.
If you like how the setup looks, like the strategy or so I will keep posting results.
So far I been using this system exactly like how is setup now for 2 months and had gotten amazing results.
I will be posting daily results now on.
HOLY GRAIL OF XAUUSDXAU/USD setup the best one you will see on TradingView, I will be sending gold setups daily.
If you open this setup and go to 1min chart you will be able to see all the snipes made with this 2 indicators.
From now on, we playing on another level.
Check the setup in 1 min chart to see the detailed explanation of this trading method.
Hope you like, I see you in my next setup's, see ya'll !!!