Xauusdwave
XAUUSD H1: Wyckoff with chart!Update for you guys from Wyckoff's perspective in Elliott wave, the price has reached 2946 as updated for you guys yesterday. Currently TPO is still in an uptrend, but when reading through the Elliott wave structure, UTAD is predicted at 2946, because when this level is reached, the new ATH price is also 5 psychological waves formed, so the possibility of "TRAP" is very high or can be understood according to Wyckoff as a UT phase or Up Thust Action, in case of sustainable increase, it is necessary to observe the test point, otherwise today it is easy to reverse at 2946, and I only trade when there is a certain confirmation, so today I will take precautions to warn you guys to pay attention, if there is an entry signal, I will notify you!.
Sell high and buy low within the regionDear Traders,
During the rebound, gold briefly reached around 2915 but failed to sustain the move. This indicates that the 2915-2920 resistance zone remains effective in the short term, and gold is struggling to form a strong upward momentum. On the downside, after multiple tests, gold has established strong support in the 2890-2880 region.
Therefore, based on the current situation, gold is likely to continue oscillating within the 2920-2890 range in the short term. For short-term trading, we can still employ a "buy low, sell high" strategy within this range.
Bros, do you know how to execute the high-sell-low-buy trading method in the area? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Short gold after reboundDear Traders,
After retracing to the 2881 level, gold has rebounded and is currently extending its recovery above 2907. It is evident that as prices push higher, bearish forces are actively countering the move, and some profit-taking is taking place. The candlestick chart shows clear rejection signals near the 2942 and 2929 levels, indicating notable selling pressure and fear-induced resistance at higher levels.
For short-term trading, short positions can be considered within the 2910-2920 range. I believe that before resuming its uptrend, gold may still need to retest the validity of the 2900 support level. Furthermore, if downside momentum persists, there remains a possibility of further testing the 2870-2860 region.
Bros, do you have the courage to short gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold - Weekly Chart Update! ICT + SMC Analysis Next 3018!Gold has left fair value gap near 2724-2730 and continuing its bullish trend, let me explain where this bullish trend could stop or be reversal.
as in previous bullish trend we seen a bullish flag in weekly Time Frame and a proper breakout done and the target of that breakout was 3018 so we can expect a reversal trend from 3018
For Now i am still bullish for gold in weekly time frame, we can see a corrective move in internal structure for that i will share low time frame chart also.
XAU/USD "The GOLD" Metals Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The GOLD" Metals Market market. Please adhere to the strategy I've outlined in the chart, which emphasizes long & Short entry. 👀 Be wealthy and safe trade 💪🏆🎉
Entry 📈 : "The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!"
Buy entry above 2820
Sell Entry below 2760
Stop Loss 🛑: Using the 1H period, the recent / nearest Pullbacks.
Target 🎯: -Bullish Robbers TP 2880(or) Escape Before the Target
-Bearish Robbers TP 2700 (or) Escape Before the Target
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
The XAU/USD "The GOLD" Metals Market market is currently experiencing a neutral trend, with a slight bias towards bullishness., driven by several key factors.
🟤Fundamental Factors
- US Federal Reserve Meeting: The US Federal Reserve will meet on Wednesday, and investors will be watching for any changes in monetary policy.
- US GDP Data: The US GDP data for the fourth quarter will be released on Thursday, and a weaker-than-expected reading could boost gold prices.
- US Inflation Data: The US inflation data for January will be released on Wednesday, and a higher-than-expected reading could lead to a price correction.
🟠Macro Economic Factors
- Global Economic Trends: The global economy is experiencing a slowdown, driven by trade tensions, geopolitical uncertainty, and lower consumer spending.
- Inflation Rates: The impact of inflation rates on the XAU/USD pair is currently neutral, with no significant changes in the inflation outlook.
- Interest Rates: The US Federal Reserve's interest rate decision will impact the XAU/USD pair, with a rate cut potentially boosting gold prices.
🟡COT Report
- Speculative Positions: Speculative traders are net long on the XAU/USD pair, indicating a bullish sentiment.
- Commercial Traders: Commercial traders are net short on the pair, indicating a bearish sentiment.
- Non-Commercial Traders: Non-commercial traders are net long on the pair, indicating a bullish sentiment.
🟢Sentimental Outlook
- Client Sentiment: 55% of client accounts are long on this market, indicating a bullish sentiment.
- Market Positioning: The XAU/USD pair is currently overbought, with a possibility of a price correction.
Bullish Sentiment: 60%
Bearish Sentiment: 40%
Neutral Sentiment: 0%
🟣Prediction for this Week
- Bullish Scenario: A weaker-than-expected US GDP reading and a dovish Federal Reserve could boost gold prices to $1,980.
- Bearish Scenario: A stronger-than-expected US GDP reading and a hawkish Federal Reserve could lead to a price correction to $1,910.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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Keep shorting gold, target 2730-2720Dear traders,
During today’s retracement, gold reached an intraday low near 2736 before rebounding above 2750. Will gold continue its upward momentum?
In my opinion, the recent pullback to the 2736 level is far from sufficient to establish a complete correction. Although gold has rebounded above 2750, it has yet to break yesterday’s high. If a lower high forms near the 2760 technical resistance zone, gold is likely to maintain its current downward trend. Furthermore, the formation of a single candlestick with a long lower shadow on the lower timeframes does not constitute strong and reliable support, which suggests limited upside potential. This rebound could also serve as a bull trap, enticing buyers before resuming the decline.
From a short-term trading perspective, I continue to advocate for shorting gold, targeting the 2730–2720 support zone. Bros, are you still optimistic about the decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Hit 2670 as expected,continued to buy gold after falling backBros, gold has finally lived up to expectations, successfully reaching my projected target range of 2670-2680.
Those who have been following my trading strategy know that I’ve consistently maintained a bullish stance on gold and frequently highlighted the target range of 2670-2680. Now, gold has hit the anticipated level of 2670.
In the short term, gold has accelerated upward to the 2670 level. However, I believe this is not the peak of the current rally. If gold manages to hold above the 2655-2650 support zone during any corrections, it could potentially extend its upward momentum toward the 2685-2690 range.
Bros, have you followed me to do long gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold Trading Strategy 12/23Last Friday, we successfully hit our long target in the 2623-2632 range, after which gold faced resistance near 2632 and pulled back.
With no major news over the weekend, the focus shifts back to technical trading. For this week, we are mainly looking at:
Long positions in the 2615-2605 support zone.
Short positions in the 2636-2648 resistance zone.
Key Considerations for the Week:
Pay close attention to the support and resistance lines . Any breakout above or below these levels will require a quick adjustment to your trading strategy.
Stay vigilant and be ready to adjust positions as market conditions evolve.
XAUUSD End of Day trend forecast from December 23rd According to my analysis, the XAUUSD End of Day trend is Bullish from December 23rd, 2024 till 5 trading days . There are support and resistance levels given in the chart may vary in the real-time market.
The content provided is only for the educational purposes. Do not trade without stop-loss.
Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips.
So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630.
So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Start going long goldBros, yesterday I emphasized that the key resistance area for gold in the short term is in the 2720-2725 area. Starting from today's London market, gold is just suppressed below 2720 and is currently fluctuating in the 2720-2700 area. In fact, at this time, whether we participate in long or short transactions, we have no way to make a move!
According to the current decline, gold is just profit-taking, and it is not sold off. If gold is sold off, the decline will be far more than that. So it is not completely certain that gold will return to the short trend. So the bulls still have the ability to fight back.
The 2705-2695 area below is the last line of defense for the bulls. If gold falls below this area, then gold may be sold off and continue to fall. But before a break below this support area, we have one more opportunity to go long gold.
If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Ready to go long on goldGood morning, bros! Let's re-examine the gold market together!
Gold fell back again after touching around 2674, with the current lowest falling to around 2661. From a short-term structural point of view, gold constructed a sub-high of 2674 at the hourly level, forming an 'M' top structure with yesterday's high of 2676, forming a negative impact on gold. A certain degree of technical pressure;
However, from an overall perspective, if gold cannot fall below the 2650 position during the fall, it will reduce the pressure on the hourly level 'M' top and accumulate energy during the fall, which will help gold continue to fall after the fall. The price fluctuates and rises, and it is easier to break through the resistance in the 2678 area, and may even continue to rise to the 2680-2690 area.
So in terms of short-term trading, we can use the 2660-2650 area as support and try to go long on gold! Bros, are you bullish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Mainly short gold, but there is still an opportunity to go long.Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area;
But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580.
Trading strategy:
1. Short gold with 2630-2635 area as resistance;
2. Try to long gold with 2610-2600 area as support (only try once)
3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area
Bros, how are you going to trade gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!