Cloudexp1

Cloudexp1

Gold is currently forming a bullish flag correction after a strong impulsive rally. Price action is nearing the upper trendline resistance of the flag pattern. Watch for a potential reversal back to the lower trendline or a breakout continuation to the upside. However, a break below the lower trendline may trigger a deeper correction toward the 2772 key zone

Cloudexp1

"This analysis is for educational purposes only and should not be considered financial advice. Before making any trading decisions, double-check the accuracy of the analysis and ensure it aligns with current market conditions. Always conduct thorough fundamental analysis, including economic news and geopolitical factors, to gain a complete understanding of...

Cloudexp1

However, please note, this is just an idea, and further financial analysis, including news and fundamental factors, should be considered before executing any trades This is a potential short-term trade idea for XAUUSD. We are observing the current price action as it reaches towards the 3055 level, approaching the lower trendline near 2999, which is a key support...

Cloudexp1

XAUUSD (Gold) trading 2-hour time frame, aiming for a trend continuation to the 3000 zone, here's a strategy that combines technical analysis, including moving averages, and chyper pattern

Cloudexp1

Fake Breakout Detection: The script identifies when the price closes below a trendline, then quickly re-enters above it (fake breakout). Elliott Wave Impulsive Wave: The strategy assumes the second impulsive wave is underway once the price reaches the 61.8% Fibonacci retracement level.

Cloudexp1

price has broken above the 2832-2833 support zone on the 1-hour timeframe, signaling a bullish reversal. If the trend continues, the next key resistance level could be 2877, followed by a move toward previous highs near 2956. Key Levels to Watch: Support: 2832-2833 (now turned support) Next Target: 2877 (potential resistance) Further Upside: 2956 (previous high...

Cloudexp1

Descending Channel Breakout: Recent analyses have identified a descending channel on the 1-hour chart, with prices touching the lower trendline and bouncing back. A breakout above the upper trendline of this channel could signal a bullish reversal. Morning Star Doji Formation: A completed Morning Star Doji pattern on the 1-hour timeframe indicates a potential...

Cloudexp1

🚀 Ascending Triangle Breakout in Play! 🚀 Gold (XAUUSD) has formed a bullish ascending triangle, signaling strong buying pressure. Price has successfully broken out of the resistance zone, confirming an upward impulse. Key Levels: 🔹 Breakout Level: 🔹 First Target: $2985 (impulse move) 🔹 Next Target: $3000+ (psychological resistance) Market Structure &...

Cloudexp1

Sell Scenario (Break of Support Level) Entry: Sell only if price breaks below 2882 (confirmed with a strong candle close). Target: Next trend reversal point at 2868. Stop Loss: Above the broken support at 2885-2890 (adjust based on volatility). Buy Scenario (Bullish Trend – Triple Top Target) Entry: If the bullish trend continues, aim for triple top pattern target...

Cloudexp1

Gold (XAU/USD) is trading within an ascending channel, currently testing the upper boundary near $2,930. This level has historically acted as resistance, suggesting potential for a pullback. Analysts recommend caution, advising against chasing long positions at these highs. A prudent strategy involves waiting for a retracement to support levels around $2,820...

Cloudexp1

Entry Criteria (Buy Setup) Price must be trading above the 100MA on the 1-hour chart. Wait for a retest of the 100MA after the breakout to confirm support. Bullish candlestick pattern (e.g., engulfing, pin bar, or hammer) near the 100MA confirms entry. Additional confirmation: RSI above 50 or MACD crossover. Stop-Loss & Take-Profit Stop-Loss (SL): Below the 100MA...

Cloudexp1

Trade Setup: Entry Point: Buy at $2,900 Stop Loss: $2,880 Take Profit: $2,955 Analysis: This strategy involves entering a long position at $2,900, with a stop loss set 20 points below the entry to limit potential losses, and a take profit target 55 points above to capitalize on anticipated upward movement. Considerations: Risk Management: The stop loss is...