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Xauusdwave

Gold breaks new high againGold prices hit a high of 2509 last Friday and closed at 2506, crossing the 2500 mark for the first time in history. Last week, it closed steadily at the 2500 mark. Although it fell back at the opening of this week, the support of 2480 below was not broken, and the overall bullish thinking remains. If the gold price can remain above the key support level and the technical indicators show a positive trend, you can consider going long on dips; if the gold price approaches the important resistance level and the technical indicators show signs of overbought or divergence, you can consider going short on rallies. - Operation strategy: - Pay attention to the 2528 position. If it reaches the 2525 position, you can try to go short with a light position, and then watch the gold price go down to test the 2500 support. The stop loss of short orders can be set in the 2530-2535 range. You can go long directly at 2500, TP2530-40
OANDA:XAUUSDLong
by Kevin-Trading-King
1
Gold with two probabilities for 10/22/2024Gold with a high probability to make the decision for 10/22/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
FXOPEN:XAUUSDShort
by Abderrahmane_24
1
XAUUSD 21/10/2024 Is the rally over? Looking at H1 we see that wave 3 is still continuing. - The target of wave 3 we measure at the price zone 2736 - 2739 or the price zone 2800 - First we look at the price zone 2736 - 2739, this is the minimum target price zone of wave 3 ending at this zone, so when the price approaches, there is a high possibility that the price will react at this zone, so we will set a SELL target at this zone - Next, there is an area determined by the confluence of Fibonacci, which is the 2768 zone, this is also the resistance zone that the price must overcome - With the structure that is completing wave 3 like this, our priority target is BUY at the end of wave 4 to follow the uptrend of wave 5 - With the assumption that the target of wave 3 ends at the price zone 2736 - 2739, the target zone to end the adjusted wave 4 is the price zone 2706 - 2703 or the price zone 2693 - 2690 Trading Plan SELL ZONE: 2736 - 2739 SL: 2746 TP1: 2717 TP2: 2706 BUY ZONE: 2706 - 2703 SL: 2700 TP1: 2718 TP2: 2725 TP3: 2738 BUY ZONE: 2693 - 2690 SL: 2683 TP1: 2706 TP2: 2718 TP3: 2738
OANDA:XAUUSDShort
by DEEKOP
1
XAUUSD 18/10/2024 Is the uptrend over? Looking at H1 with the price making a new ATH yesterday this confirms to us that the corrective wave 4 has ended and the price is currently in red wave 5 - Looking at the smaller wave level we are seeing that in red wave 5 the structure of wave 1 and wave 2 is being formed and the price breaking through the top of wave 1 proves that the price has confirmed that the corrective wave 2 has ended and it is currently wave 3 - In wave 3 the uptrend is the main trend for us to place orders - The price zones that return based on Volumeprofile I have identified 3 price zones in which the price zone 2696 - 2693 and the price zone 2669 - 2666 are the important price zones we pay attention to - For the Sell zone we expect the first target of wave 3 at the price zone 2736 - 2739 which is the sell target price zone Trading plan BUY ZONE: 2696 - 2693 SL: 2688 TP1: 2709 TP2: 2737 BUY ZONE: 2669 - 2666 SL: 2664 TP1: 2685 TP2: 2695 TP3: 2717 BUY ZONE: 2657 - 2654 SL: 2647 TP1: 2668 TP2: 2685 TP3: 2694 SELL ZONE: 2736 - 2739 SL: 2746 TP1: 2717 TP2: 2697
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 16/10/2024 Is the uptrend over? Looking at H1 we see that the price has completed a 5-wave structure and a 3-wave corrective structure, so in the larger wave structure we have that wave 1 and wave 2 have been completed - In the current wave structure, after a 3-wave bearish structure there will be an uptrend - Looking at the current price line we have a red 5-wave bullish structure forming - Our problem is to determine the target of the red wave 5 - I measure the expected area of ​​the red wave 5 is the price zone 2674 - 2677 - After completing the red 5-wave bullish wave there will be 3 corrective waves, the target area of ​​this corrective wave is the zone 2653 - 2650 - In case the price breaks below this zone to approach the zone 2639 - 2636, this is the price zone where the recovery may not be as strong as the zone above Trading plan SELL ZONE: 2674 - 2677 SL: 2684 TP1: 2661 TP2: 2655 BUY ZONE: 2653 - 2650 SL: 2645 TP1: 2663 TP2: 2673 BUY ZONE: 2639 - 2636 SL: 2629 TP1: 2649 TP2: 2655
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 14/10/2024 price and will continue to increase? Looking at H1, we see that the price has just completed a 5-wave structure 1 2 3 4 5 as I have labeled on the chart - Following a 5-wave structure will be a 3-wave correction structure - Looking at the current price line, I see that the price has likely completed wave A in the ABC structure and is currently completing wave B - The target for completing wave B is the price zone of 2654 - 2657, which could be a very good SELL target price zone - If the price breaks through the price zone of 2661, it will confirm that our current wave-down process is not correct, and then we will have an extended wave 3 structure and the peak of wave 3 will coincide with the current wave 5. then we will have the target price zone 2670 - 2673 is the target price zone for the correction - Regarding the target of the end of the correction wave, I measured 2 target price zones, which are the zone 2632 - 2629 and the price zone 2613 - 2610, this is the target price for the end of the correction wave - we have an important price zone 2606, if the price breaks below this zone, it confirms that the uptrend has not started yet and the price continues the correction process, then I will have the correction targets Intraday trading plan SELL ZONE: 2670 - 2673 SL: 2680 TP1: 2662 TP2: 2653 TP3: 2637 BUY ZONE: 2632 - 2629 SL: 2627 TP1: 2653 TP2: 2661 TP3: 2670 BUY ZONE 2613 - 2610 SL: 2603 TP1: 2624 TP2: 2637 TP3: 2661
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 10/11/2024 Will gold price drop further? Looking at H1 we see - The price has re-entered the 2624 zone, which is the bottom zone of wave W, so we have the necessary conditions to say that the correction trend has ended - The sufficient condition for the trend to end is when the price breaks through the peak zone of wave X, which is the 2674 zone - In the case when the price continues to go below the 2624 zone, we will have the correction trend has not ended because then the price is likely to continue to decrease to the next target zone, which is the 2591 zone and the 2571 zone About the intraday trading plan We rely on the Volumprofie zone to determine potential supply and demand zones - In this price zone, we have two potential demand zones, the 2624 - 2621 price zone and the 2613 - 2610 price zone, which will be our BUY target - We also have two major supply zones, the 2648 - 2651 zone and the zone 2670 - 2673 is the zone we use to SELL Specific trading plan SELL ZONE: 2648 - 2651 SL: 2643 TP1: 2637 TP2: 2624 SELL ZONE: 2670 - 2673 SL: 2680 TP 1: 2662 TP2: 2653 BUY ZONE 2624 - 2621 SL: 2619 TP1: 2637 TP2: 2653 BUY ZONE: 2613 - 2610 SL: 2603 TP1: 2624 TP2: 2637
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 10/10/2024 correction is over? Looking at H1 we see that the price is in a complex correction pattern WXY During a complex correction, trying to label the waves accurately is very difficult and not feasible for real trading. Instead, we look for potential targets for the end of the corrective wave I measure the end target of wave Y at 2 price zones, which are the 2589 - 2586 zone and the 2575 - 2572 price zone, which is also the price zone where we set the BUY target Looking at the sideway price zone, we see that in this zone, there are 2 large supply zones, which are the 2639 - 2642 zone and the 3670 - 2673 zone, which will also be our SELL target zone At the moment, my expectation is to catch the bottom of the upcoming uptrend, so we will pay special attention to the BUY zones Trading plan BUY ZONE: 2589 - 2586 SL: 2584 TP1: 2606 TP2: 2622 TP3: 2661 BUY ZONE: 2575 - 2572 SL: 2565 TP1: 2585 TP2: 2606 TP3: 2661 SELL ZONE: 2639 - 2642 SL: 2650 TP1: 2625 TP2: 2606 TP3: 2594 SELL ZONE: 2670 - 2673 SL: 2680 TP1: 2662 TP2: 2641 TP3: 2625
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 30/9/2024 Has the uptrend started?Looking at H1 we see that the 5-wave uptrend structure has been completed and we are now in an ABC correction structure The target of this correction I expect to end at the 2607 zone. At that time we can execute a long-term BUY order to continue the uptrend. - The process of price completing the correction wave target needs to absorb strong demand zones along the way. These are the targets for us to be able to BUY short-term by day. - Looking at the Volume profile, we see that there are 2 important demand zones that need to be considered, which are the 2639 - 2636 zone and the 2625 - 2622 zone. These are the border zones where the price is pushed up, so they will be the zones that the BUY side will protect when the price returns, and to break these zones, an absorption process is required and we will take advantage of this to proceed to BUY up. - After completing the adjustment, when the price breaks the peak zone of 2686, confirming that the adjustment process is complete, I then measure the target of the uptrend wave with the first resistance zone at the 2700 zone and above it is the 2738 - 2741 zone. This is also our important SELL target zone. - In which we pay attention to an important zone of 2674, this is a strong supply zone, we can consider SELLing in this zone. SELL ZONE: 2670 - 2673 SL: 2660 TP1: 2651 TP2: 2641 SELL ZONE: 2697 - 2700 SL: 2707 TP1: 2684 TP2: 2674 TP3: 2655 BUY ZONE: 2639 - 2636 SL: 2629 TP1: 2655 TP2: 2674 TP3: 2684
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 9/25/2024 gold price continues to increase? Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699. After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets - This adjustment will be very large and long to facilitate intraday trading I will choose target zones with a lot of demand so we can catch the recovery waves in this adjustment. - We have 2 target price zones with high demand concentration, which are the 2565 - 2562 zone and the 2594 - 2591 zone. These are the 2 target zones we choose to BUY up. Trading plan SELL ZONE: 2696 - 2699 SL: 2706 TP1: 2682 TP2: 2665 TP3: 2655 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2641 Tp2: 2655 TP3: 2670 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2614 TP2: 2625 TP3: 2641
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 9/24/2024 price increase continues? Looking at H1 we see wave 5 is completing - The target position of the end of wave 5 we have 2 target zones, the first zone is 2645 - 2648 and the second target zone is 2597 - 2700. For now we will choose the first target zone which is 2645 - 2648 as the target zone to SELL down - Below after the end of wave 5 we will have a correction according to 3 ABC waves. - We have the target zone of this correction at the price zone 2594 - 2591 and the second target zone at the price zone 2565 - 2562 we will choose these 2 target zones to BUY Trading plan SELL ZONE: 2645 - 2648 SL: 2655 TP1: 2625 TP2: 2606 TP3: 2593 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2606 TP2: 2616 TP3: 2645 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2570 TP2: 2589 TP3: 2603
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 19/9/2024 Downtrend is over? Looking at H1 we see that after the FOMC news we witnessed a strong price increase creating ATH at the 2600 area. Then there was a strong decrease to the 2547 area - So wave 5 has completed as expected my target. now we expect an ABC correction - Looking at the chart we see a strong decline suggesting a completed wave A, this strong decline also shows us that wave A has a 5-wave structure so this correction we expect a correction according to the ABC Zigzac correction structure - The target of wave B I expect at the 2580 - 2583 zone or the 2579 - 2600 zone this is our SELL target - After completing the target of wave B the price continues to decrease to complete wave C I expect the target to complete wave C at the price zone of 2528 - 2525 this will be our BUY target - We also have a strong support zone at the price zone of 2451 - 2448 this will be our BUY scalp zone Trading plan SELL ZONE 2580 - 2583 SL: 2590 TP1: 2570 TP2: 2562 TP3: 2551 SELL ZONE: 2597 - 2600 SL: 2607 TP1: 2590 TP2: 2579 TP3: 2562 BUY ZONE: 2551 - 2448 SL: 2561 TP1: 2562 TP2: 2570 TP3: 2579 BUY ZONE: 2528 - 2525 TP1: 2541 TP2: 2551 TP3: 2562
OANDA:XAUUSDShort
by DEEKOP