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Xauusdwave

XAUUSD 16/8/2024 Has the Uptrend Started? Yesterday after the PPI news, we saw a strong shakeout and the price came close to the 2nd BUY target zone that I had given and then bounced strongly. But I did not expect such a strong downtrend, so the price zone of 2445 - 2442 did not set a BUY order. Today I expect a correction wave to the 2447 - 2444 zone to complete wave 2 in red and then continue the uptrend according to wave 3. During the price increase according to wave 3, we pay attention to large supply zones such as the 2476 zone, the 2484 zone and the 2500 zone, these are the zones I choose as targets to SELL down Trading plan BUY ZONE: 2447 - 2444 SL: 2437 TP1: 2458 TP2: 2468 TP3: 2476 SELL ZONE: 2484 - 2487 SL: 2494 TP1: 2476 TP2: 2468 TP3: 2458 SELL ZONE: 2497 - 2500 SL: 2507 TP1: 2484 TP2: 2476 TP3: 2468
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 15/8/2024 Has the uptrend started? Yesterday's CPI news showed a sharp increase in price when it was announced and then a sharp decrease. This is a move to shake off the sellers so that the price can complete wave C. - The sharp decrease in wave C is still, in my opinion, the final shakeout before the price starts to increase to complete wave 5 I predict that this week the price will likely create a new ATH followed by a further correction. - The wave 4 target I set yesterday has been completed at the price range of 2442 to 2445. With a Buy order at this price range, we have a profit of 100 pips. You can close a part of it and raise the SL to Entry. I have a backup target at 2430 - 2427 we will look at this target if price breaks out 2439 - I see a big supply zone at 2468 - 2471 so I will set a Sell scalp target at this zone - Our main Sell target is the end of wave 5 now I am targeting the first wave 5 target which is 2500. Trading Plan BUY ZONE: 2430 -2427 SL: 2420 TP1: 2439 TP2: 2458 TP3: 2476 SELL ZONE: 2468 - 2471 SL: 2478 TP1: 2458 TP2: 2452 TP3: 2444 SELL ZONE: 2497 - 2500 SL: 2597 TP1: 2484 TP2: 2476 TP3: 2458
OANDA:XAUUSDLong
by DEEKOP
#XAUUSD/H4 Model 2 peaks appear, gold's correction rhythmAnalysis of the gold trend in the Asia-Europe session on 14/08/2024: After forming a double bottom pattern at 2380, gold experienced a nearly 100-point increase. Yesterday, the PPI did not help gold break through the resistance zone of 2473-2475. If gold breaks the area of 2458-2460, it will officially confirm the double top pattern. However, today's CPI is still a mystery. Is this a correction phase or just a fake breakout? The long-term trend remains a BUY, but short-term SELL trades can be made at the peak area. Key price levels to watch: 2473-2475, 2444-2447, and 2430-2434. Recommended orders: Plan 1: SELL XAUUSD zone 2473 - 2475 SL 2479 TP 2468 - 2458 - 2445. Plan 2: BUY XAUUSD zone 2444-2447 SL 2441 TP 2455 - 2468 - 2485 - 2509. Plan 3: BUY XAUUSD zone 2430-2433 SL 2427 TP 2444 - 2458 - 2468 - 2509.
FX:XAUUSD
by wetdyerap
XAUUSD 13/8/2024 Has the Downtrend Started? Yesterday was an unusual bullish day, although we had profit with sell orders, the price increased to the 2476 area, which gave us an extended yellow wave 5, which also means that the black wave 3 has been completed - Currently the price is in the 4th wave correction, we expect a yellow ABC correction and this is an opportunity for us to trade in the direction of wave 5. - Trading plan BUY ZONE: 2442 - 2439 SL: 2432 TP1: 2450 TP2: 2458 TP3: 2469 BUYZONE: 2435 - 2432 SL: 2425 TP1: 2440 TP2: 2450 TP3: 2458 SELL ZONE: 2470 - 2473 SL: 2480 TP1: 2458 TP2: 2450 TP3: 2442 SELL ZONE: 2492 - 2495 SL: 2502 TP1: 2476 TP2: 2469 TP3: 2458
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 12/8/2024 Is the bullish wave over?Looking at H1, we see that the 5-wave bullish structure is completing. Wave 4 has now completed and the price is continuing to complete wave 5 - Measuring the target of wave 5, we have 2 targets to pay attention to, the first is the 2435 zone and the second is the 2455 zone - Currently, the price has reached the target zone of 2435. Looking at the momentum indicator, we see that the price is preparing to reverse at the oversold zone, so we wait for the price to recover. There will be 2 cases - Case 1: The price does not break through the 2435 zone, so we will enter a Sell order in this area - Case 2: The price breaks through 2435, so the next target will be the 2455 zone Personally, I am leaning towards the 2455 price zone, which will be the price zone where I set the SELL target Trading plan: BUY ZONE: 2422 - 2419 SL: 2402 TP1: 2435 TP2: 2440 TP3: 2447 SELL ZONE: 2455 - 2458 SL: 2465 TP1: 2447 TP2: 2435 TP3: 2428
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 9/8/2024 Is the Uptrend Over? Yesterday we saw a significant rally that confirmed my bullish view from yesterday. - We see the price has broken above the 2406 zone so this price action has confirmed that the black wave 1 and 2 have formed and the price is currently in wave 3 - The characteristic of wave 3 is to move quickly and sharply, the target of wave 3 we measure will be in the 2428 zone or the 2453 zone, looking at the current price I am expecting the target of wave 3 to end in the 2428 zone - And then there is a correction of wave 4 and continuing wave 5 the price bounces to the 2453 zone Our trading plan will trade according to wave 5 BUY ZONE: 2412 - 2409 SL: 2402 TP1: 2428 TP2: 2442 TP3: 2450 SELL ZONE: 2450 - 2453 SL: 2463 TP1: 2442 TP2: 2428 TP3: 2406
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 8/8/2024 Is this decline over? Looking at H1, we see that after yesterday's decline to the 2380 price zone, the price has recovered to the 2396 zone. - Yesterday's decline, we wanted to see the price stop at the 2389 zone to confirm that wave 2 had ended and started wave 3, but in fact, the price has dropped deeply to 2380. Although the previous wave counting process has not been denied, the price's deep drop to 2380 has given us a complex correction model of wave 2 in black, so we still bet that the uptrend is the current main trend. - Today, the price has recovered to the 2396 zone, suggesting to us a triangle correction model abcde. Obviously, I will not make a subjective conclusion because with a complex correction model, we have to patiently wait for the complete model to have the exact direction of the price. - Current Trading Plan BUY ZONE: 2374 - 2371 SL: 2364 TP1: 2381 TP2: 2400 TP3: 2412 SELL ZONE: 2415 - 2418 SL: 2425 TP1: 2406 TP2: 2495 TP3: 2389 SELL ZONE: 2425 - 2428 SL: 2435 TP1: 2418 TP2: 2406 TP3: 2495
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 7/8/2024 Will the downtrend continue? Looking at H1, we see that we have achieved the target of wave 2 in yesterday's plan. Now we expect wave 3 to continue. The characteristic of wave 3 is a strong and sharp increase. Therefore, we expect a strong increase - Wave 3 is confirmed when the price breaks through the 2418 zone, then we will have a wave 3 target at the 2467 zone - Currently, we are in a very good buy price range, the target zone I gave in yesterday's plan I have a backup buy plan at 2374 - 2371 Our target is the wave 3 increase, so buying up is the main thing, and the sell orders are just to catch the corrective down waves Trading plan BUY ZONE: 2374 - 2371 SL: 2364 TP1: 2403 TP2: 2413 TP3: 2428 SELL Scalp ZONE: 2312 - 2315 SL: 2322 TP1: 2408 TP2: 2403 TP3: 2498 SELL Scalp ZONE: 2424 - 2427 SL: 2432 TP1: 2417 TP2: 2409 TP3: 2403
OANDA:XAUUSDLong
by DEEKOP
2
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
OANDA:XAUUSDShort
by DEEKOP
3
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
OANDA:XAUUSDLong
by DEEKOP
1
The GOLD market fluctuates strongly after the Non-Farm Payrolls XAUUSD analysis on 05/08/2024: Gold's plunge on Friday, August 2, 2024, from the 2478 zone to 2410-2413 as we predicted. Gold is still expected to correct but without breaking the long-term uptrend structure. Predicting gold could reach the 2800 milestone is entirely possible. Key price zones to watch: 2463-2470, 2390-2396, and 2370-2377. Recommended orders: Plan 1: SELL XAUUSD zone 2465-2467 SL 2471 TP 2462-2450-2430-2396. Plan 2: BUY XAUUSD zone 2394-2396 SL 2390 TP 2399 -2420- 2445 -open. Plan 3: BUY XAUUSD zone 2375-2377 SL 2371 TP 2374-2395-2420-open.
FX:XAUUSD
by wetdyerap
XAUUSD 1/8/2024 after FOMC news? Looking at H1, we see that after this morning's FOMC news, we see that XAU has increased to the 2458 zone - As I analyzed in the previous plan, when the price breaks through the 2402 zone and then tests again and does not fall below this zone, the price will continue the 5-wave trend instead of the 3-wave ABC. - Regarding the trend, after the price follows the 5-wave model, the next wave target is the 2500 price zone as analyzed before. - Looking at the present, we see that wave 3 in the blue 5-wave structure is completing, and the price has now started blue wave 4 - Measuring the wave 4 target, we have the price zone of 2433. This will be the price zone we are waiting for as a BUY target - The target of wave 5 will be specifically determined by me after wave 4 is formed. With the current data, I am expecting wave 5 to end at the price zone of 2500 Trading plan BUYZONE: 2433 - 2430 SL: 2423 TP1: 2422 TP2: 2450 TP3: 2465 SELL ZONE: 2467 - 2470 SL: 2477 TP1: 2450 TP2: 2422 TP3: 2433
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 7/30/2024 How far will the price go? After the 5-wave downtrend structure, we are witnessing an increase from 2354 to 2402 - So we will have 2 cases either the 5-wave downtrend structure has completed wave C then we have the current increase as a 5-wave structure, case 2 is the 5-wave downtrend structure above has just completed wave 1 in the 5-wave structure of wave C so the current increase is wave 2 and will have an ABC wave structure. - We will have an important price to confirm that is the price of 2402, both cases need the price to break out through 2402. After the price breaks out through 2402 and the price returns below 2402, then we will lean towards the current situation being just a correction wave 2 in the 5-wave structure of the purple wave C. If the price breaks out through 2418, we will lean towards the possibility that this is a 5-wave increase structure and the possibility that the price will break through the peak of 2433. So at the 2418 area, this is the current area containing a large amount of supply, which will be a strong resistance level for the price, so when the price touches this area, there will be a reaction, and we will choose this area as the SELL target Trading plan SELL ZONE: 2415 -2418 SL: 2425 TP1: 2402 TP2: 2390 TP3: 2374 BUY ZONE: 2357 - 2354 SL: 2347 TP1: 2365 TP2: 2374 TP3: 2382
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 7/29/2024 Is the uptrend over? Looking at H1, we can see that the corrective uptrend may have ended. - The price will continue to move in a downtrend to complete the purple wave C as shown on the chart. During the move to the target price zone of wave C, we see that at the 2374 treble line, this is the previous breakout price zone and has not been retested, so there is still a very strong demand force in this price zone. - We expect the price to bounce back to the 2374 zone, so we will place a BUY order in this zone. Trading plan BUY ZONE: 2376 - 2373 SL: 2366 TP1: 2382 TP2: 2400 TP3: 2410 SELL ZONE: 2314 - 2417 SL: 2424 TP1: 2401 TP: 2382 TP3: 2365
OANDA:XAUUSDShort
by DEEKOP