XAUUSD: 6/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2445, support below 2401
Four-hour resistance 2425, support below 2401
Gold operation suggestions: Yesterday, gold reached 2364 and stabilized and rebounded. Finally, the gold price rebounded further in the US market and closed above the 2400 integer mark. The overall price finally returned to the 2400 mark after a wide range of long and short tug-of-war around the 2364-2458 range and fluctuated. Judging from the current trend, the support below will focus on the 2400 mark today, and the pressure on the top will focus on around 2425-2434. During the day, we will rely on this range to sell high and buy low.
From the current trend, today's support below focuses on the 2400 mark, and the upper pressure focuses on the 2425-2434 area. Sell high and buy low in this range first.
BUY:2401near SL:2395
BUY:2425near SL:2422
BUY:2445near SL:2440
SELL:2470near SL:2474
Technical analysis only provides trading direction!
Xauusdupdates
COCOA LONG WEDNESDAY 07/08Hello everyone,
Today is a little bit special because we've incorporated our mistakes and taken some advance by adding more downforce to our patterns.
First of all, we predict a big down gap at the beginning, because of night time factors.
Then, it might keep going down for a while, but it will eventually come back up, first to close the gap and then because our study shows it is almost sure, even more than today and yesterday.
Our advice is to buy when the gap appears, try not to be too quick, let the price fall if it wants to, but as soon as it goes back up, buy.
Hope to help you all !
Gold Tuesday Trading Strategies and Signals
xauusd
The gold market swept up a lot on Monday.
The biggest drop was almost 1000pips
The rise was 400pips twice
Many people lost their principal in the sweep.
In the face of disorderly market sweeps, we need to be very flexible. Constantly change your trading strategy and use the best strategy to continuously and reasonably obtain profits.
Today's trading strategy for everyone is still a few reasonable trading areas:
Sell:
sell xauusd 2418-2423
sell xusssd 2427-2441
Buy:
buy xauusd 2382-2385
buy xauusd 2368-2372
buy xauusd 2352-2356
Trade according to this trading range, and make a profit of 30-60-90pips each time. You will slowly accumulate your principal.
I wish you all a smooth transaction. If you make a profit according to my trading strategy, please give me a thumbs up and join me
XAUUSD - GOLD - Scalping Mode! 5th AugLet'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!
Gold vs. Yen Carry Trade: A Shifting Paradigm
For years, the yen carry trade has been a cornerstone of many investment portfolios. This strategy involves borrowing low-yielding Japanese yen to invest in higher-yielding assets, such as US Treasuries. However, a confluence of factors is making gold, represented by the XAU/USD pair, an increasingly attractive alternative.
The Yen Carry Trade Under Pressure
The yen carry trade has historically been a profitable strategy, fueled by Japan's ultra-low interest rate environment. However, recent developments have cast a shadow over its allure.
• Rising Interest Rates: Global central banks, including the Federal Reserve, have embarked on a tightening cycle to combat inflation. This has narrowed the interest rate differential between the US and Japan, reducing the potential profit from the carry trade.
• Yen Strength: The Japanese yen has shown unexpected resilience, countering the traditional trend of yen weakness. This is partly due to safe-haven flows as investors seek refuge from global economic uncertainties.
• Geopolitical Risks: Increased geopolitical tensions can disrupt carry trades. A sudden shift in risk appetite can lead to rapid yen appreciation, erasing potential gains and incurring significant losses.
The Allure of Gold
In contrast, gold has emerged as a compelling investment option.
• Safe-Haven Asset: Gold is often perceived as a safe-haven asset, providing a hedge against economic uncertainty, inflation, and geopolitical risks. As global economic conditions become increasingly volatile, investors may seek the security of gold.
• Inflation Hedge: With inflation concerns persisting, gold has historically been seen as an effective inflation hedge. As the price of goods and services rises, the purchasing power of fiat currencies declines, making gold an attractive store of value.
• Diversification Benefits: Gold can help diversify an investment portfolio. Its low correlation with traditional asset classes can reduce overall portfolio risk.
• Central Bank Demand: Central banks have been net buyers of gold in recent years, supporting its price. This ongoing demand can provide a bullish undercurrent for the gold market.
XAU/USD: A Closer Look
The XAU/USD pair, representing the price of gold in US dollars, offers investors exposure to the gold market.
• Dollar Dynamics: While gold is often seen as a safe-haven asset, the US dollar can also appreciate in times of uncertainty. Therefore, the performance of XAU/USD depends on the interplay between gold and the dollar.
• Interest Rate Sensitivity: Gold is generally inversely correlated with interest rates. Rising interest rates can put downward pressure on gold prices, as investors may prefer higher-yielding bonds. However, this relationship is not always straightforward, and other factors can influence gold's price.
Conclusion
The decision to invest in gold or continue with the yen carry trade is a complex one, influenced by individual risk tolerance, investment horizon, and market outlook. While the yen carry trade has historically been a profitable strategy, the changing interest rate environment and geopolitical risks have increased its challenges. Gold, with its safe-haven appeal and inflation-hedging properties, offers a compelling alternative. Investors should carefully consider the potential benefits and risks of both options before making a decision.
It's important to note that this article provides general information and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
Can Gold Surpass Its Recent Highs? Expert Analysis Inside!Key Levels:
Higher High (HH): Marked near the top at around 2460.
Lower High (LH): Slightly lower high indicating a possible trend change.
Support/Resistance Zones: Key support/resistance levels are identified on the chart.
Lower Time Frame (LTF) Lower High: Indicated by a yellow line, suggesting a lower high on a smaller timeframe within the larger trend.
Liquidity Zones (LQZ): Marked on the 4-hour, 1-hour, and daily timeframes indicating potential areas of liquidity.
Market Structure:
Shorter Time Frame Higher Low: A higher low is indicated on a smaller timeframe, suggesting potential bullish continuation.
Barley Missed HH and then pushed down: Indicates a failure to achieve a higher high, followed by a downward movement.
Support Rejection: The market rejects off support, suggesting a possible formation of a new higher low (HL).
Observations:
The market is reacting to support and resistance levels, showing signs of potential trend continuation or reversal.
The presence of multiple liquidity zones suggests areas where price might seek liquidity, influencing future price movements.
Gold / XAUUSD Money Heist Plan in gold minesMy Dear Robbers / Traders,
This is our master plan to Heist XAUUSD / GOLD mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on 2 plans. Our target is Green Zone for bearish market and red zone for Bullish Market that is High risk Dangerous level, market is Consolidation / Trend Reversal at the level Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High for Bearish Traders & Swing Low for Bullish traders using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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XAU/USD 06 April 2024 Intraday Analysis H4 Analysis:
Bias/Analysis remains the same as analysis dated 04 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high.
However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high.
Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's intraday expectation was met, assisted by dovish US economic news.
Price has printed a further bearish iBOS followed by a bullish CHoCH indicating bullish pullback phase initiation.
Indication of pullback initiation started by reaction at H4 demand level.
Price is currently hovering around 50% EQ printing low volume rangebound price action.
Intraday expectation: Price to react at premium of 50% internal EQ or M15 supply zone before targeting weak internal low.
Alternative scenario: Whilst intraday expectation is technically correct, we need to bear in mind that internal H4 structure is bullish with bearish pullback phase currently underway and could potentially be complete after reacting at H4 demand level.
M15 Chart:
sharp market sell-offtrying to find international gold rate index: it`s authentic that gold does not marvel us with a very good result, sweeping liquidity, making many hearts freeze, then returning, so the restoration segment makes many human beings not able to yawn, breathe oxygen. The mainstream fashion remains increasing, the sharks simply dance a bit bit.
*) these days, August 6, 2024: we are able to wait to shop for in step with the fashion, these days gold has back to the proper factor to begin a sturdy growth to the 2500 mark, with the Fed's hobby charge reduce earlier than the emergency meeting, encouraging traders to shop for.
- purchase immediately at modern-day rate
- wait to shop for round the brand new 2406-2408 place with the subsequent targets:
tp 1: 2422
tp 2: 2433
tp 3: 2445
=> the marketplace continually surprises us, we should comply with the order principle (sl-prevent five prices), area in buying and selling, affordable access and exit.
- desire all traders a success buying and selling and remarkable victory.
XAUUSD: 5/8 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2470-84, support below 2410
Four-hour resistance 2470, support below 2410
Gold operation suggestions: Last Friday, gold prices accelerated to break through the 2477 mark under the influence of the positive nfp employment data, and then fell back into a shock consolidation, and then the second high of 2474 was hit and fell, and finally accelerated to fall down and break through the two integers of 2430 and 2420 to reach 2410, and then quickly rebounded and closed. The overall price once again showed a suppression pattern above the 2470 mark.
Judging from the current trend, today's Asian session opened and fell again. In the short term, the gold price will test the support strength of the 2410 mark, the low point of last Friday. The upper short-term pressure is around 2453-2458. If the intraday rebound relies on this position, you can go short first and then look for continued decline. If it stabilizes at the 2410 mark, you can go long. In the day, you can rely on the 2458-2410 range to sell high and buy low.
BUY:2410near SL:2407
SELL:2470near SL:2474
SELL:2445near SL:2450
Technical analysis only provides trading direction!
XAUUSD 6/8/2024 Is this rally over?
This past week we have seen a lot of volatile news that has affected the direction of gold prices
With the unstable geopolitical situation causing large fluctuations in gold prices
- Looking at H1 we see a completed ABC corrective wave structure. Following an ABC corrective structure we expect a 5 wave bullish structure. Obviously not excluding the possibility of a complex correction wave then I will update if it happens
- Currently we expect a bearish correction to confirm wave 1 and wave 2 completed and wave 1 and 2 confirmed when price closes above 2365.6
- This current correction we expect a yellow abc wave pattern and target at 2385 price zone or 2377anh price zone
Trading plan
BUY ZONE: 2385 - 2382
SL 2363
TP1: 2393
TP2: 2404
TP3: 2418
SELL ZONE: 2421 - 2424
SL: 2447
TP1: 2408
TP2: 2396
TP3: 2385
#XAUUSD/H4: Profit-taking area and trading trend of GOLDGold on Monday (8/5/2024) experienced a 1000pip drop, reflecting the common sentiment when the market takes profit and creates a downtrend.
Today's Asia-Europe session may see a slight recovery before continuing the drop.
The predominant trading trend today is SELL.
Key price levels to watch are: 2426-2434 and 2350-2355.
Recommended orders:
Plan 1: SELL XAUUSD zone 2428 - 2431
SL 2437
TP 2420 - 2400 - 2385 - 2355.
Plan 2: BUY XAUUSD zone 2351-2354
SL 2348
TP 2360 - 2370 - 2385.
Yesterday Was A Massive Fall. Will it Fall More? 2320?Yesterday Gold Has Fall Massively And Unexpected As A Monday Move. How ever Gold make The Move. I 'm Expecting A Continuation On this Week On Gold Until 2330-2320 Area. And Today Gold Can Sell From 2422 - 2426 Zone If Breck 2430 - 2435 Zone Is Perfect To Sell
COCOA LONG TUESDAY 06/08It seems that the price could go up to 8500/600 before the closure tomorrow night. The turnover is starting to be clear, showing a high target at least around 8400 before tomorrow night.
Our advice is to buy maximum 1 hour after the opening, there will be a very little drawdown because of the last position of the price. But as soon as you see the price turn up, don't hesitate and go long.
Updates will follow if changes occur, thanks for your trust.
Gold prices can be long now.
Yesterday, before the gold price closed, I suggested to continue going long on gold today. Today, the gold price market is in line with expectations again. At the same time, the market released a signal that is good for gold. The gold price hit the position near 2397 again. It has not yet broken through 2400. But Eddy believes that it is only a matter of time before it breaks through 2400. At present, the gold price remains around 2390. Short-term long positions can be carried out below 2386.
Investors with sufficient funds can consider entering the market in advance.
COMEX:GC1! FOREXCOM:XAUUSD TVC:GOLD TVC:DXY
xauusd:It will rise again next week!All the strategies I sent this week are profitable. Shorting gold after the release of NFP data today has made huge profits again.
But I predict that gold will rise again after reaching the support position next week, because DXY will continue to fall, which will further drive gold up.
If your current account is still facing losses or there are orders to be processed, you can leave me a message and I can help you solve it.
I will send more accurate strategies in the future to help you make greater profits. Keep paying attention to me, there will be accurate signals every day!
According To Elliot Wave Gold Must Drop Until 2360According To Elliot Wave Gold Must Drop Until 2360
As I Simply Calculated Gold Must Drop To 2360 Zone To Complete 5th Wave.
And Gold Is Falling From Ending Diagonal. And Also As My Previous Elliot Wave Long Turn Analyze
Gold Must Fall To 2170 At least
Watch This : -
XAUUSD 5/8/2024 correction is over?
Looking at H1 we see the ABC correction wave structure.
Looking at the ABC correction model, we see that we are likely to have an unusual correction model, when wave C does not exceed wave A.
- So now we need to observe to confirm whether the correction wave has ended
- The confirmation condition is that if this downtrend closes above the 2413 zone, then we have the price entering the uptrend wave and then the target price zone is the 2500 zone.
Currently we have a trading plan
SELL ZONE 2456 - 2459
SL 2466
TP1: 2447
TP2: 2442
TP3: 2433
BUY ZONE: 2426 - 2423
SL: 2416
TP1: 2433
TP2: 2442
TP3: 2455
XAU/USD 05 August 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the same as yesterday's analysis dated 04 August 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high.
However, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which, much like the daily TF, could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high.
Intraday expectation: Technically, price should target weak internal high, however, price has made one failed attempt, therefore, price could continue bullish, react at H4 supply level, print bearish price action, react at H4 demand level before targeting weak internal high.
Alternative scenario, price to target weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS.
Although price has not yet print a bullish CHOCH, price has pulled back into premium of 50% EQ, therefore, I am happy to mark the current low as an internal low thereby giving us an internal range.
Intraday expectation: Technically price should target weak internal low, however, we have had two failed attempts which could mean price is seeking liquidity to fuel it's drive down, therefore, price to react at premium of 50% or M15 supply level before targeting weak internal low.
M15 Chart: