Scalping XAU! sideway accumulates Gold price today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is facing difficulty in taking advantage of the small gains made yesterday and is fluctuating within a tight trading range, remaining below the significant psychological level of $2,000 during the first half of the European session. Currently, investors are hesitant to make bold bets on the market's direction and are instead waiting for further clarification on the Federal Reserve's plans regarding interest rate hikes.
⭐️ Personal comments NOVA:
Sideway accumulation zone, suitable for scalping. The price trend is still following the rhythm of downward adjustment and BUY recovery
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1988 - $1990 SL $1985 Scalping
TP1: $1993
TP2: $1996
TP3: $2000
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Buyxauusd
Gold scenariosWatching gold again today, I will wait until after inflation news until I enter in on a trade. Gold has seem some decline from this month, we might see a further push down if the dollar is strengthening even more today. Im looking for some entrys before news targeting only 20-30 pips, just waiting for closure below or above resistance.
GOLD 11/05: Scalp ahead of tonight's PPI newsTVC:GOLD Gold prices increased their bid to refresh the intraday high near 2,035$ early Thursday, reversing the previous day's retracement from a one-month-old horizontal resistance. Precious metals benefit from broad US Dollar weakness.
The XAU/USD pair maintains a neutral to bullish view in the daily chart. The pair is growing above all of its moving averages, although the 20 Simple Moving Average (SMA) has lost its positive momentum, currently hovering around 2,010$.
The 4-hour chart shows that XAU/USD holds above the bearish 20 SMA, while the longer moving averages are not below it. Technical indicators head south but remain neutral, not enough to confirm another drop. Gold could extend its decline, but buyers are likely to reappear around 2,026$ as the US Dollar's current strength may be temporary.
BUY GOLD 2026 - 2030
Stoploss: 2022
Take profit 1: 2033
Take profit 2: 2037
Take profit 3: 2043
SELL GOLD 2045 ́2048
Stoploss: 2052
Take profit 1: 2040
Take profit 2: 2035
Take profit 3: 2025
BUY GOLDGold is currently in it's fifth and final wave with wave IV ending on march 2021. Fifth wave of gold looks extended hence it's going to take years to reach target. price is currently at wave 2 of (3) of V. wave 3 might begin soon.. probably during or after NFP. stop loss is around 1678. also price is at 50 % of wave 1 of (3) ... 61.8 % is also likely but not much of a big difference... risking 90points for 650points
XAUUSD LONGHey Traders, in this week we are monitoring XAUUSD for a Buying opportunity around 1775 Zone respecting the bullish trend in combination with the strong Demand and Supply zone. Once we will receive any bullish confirmation the trade will be executed!
Remember always to use a small lot size on gold comparing to the normal lot you use on forex pairs. because XAUUSD movements are violent and it's easy for gold to marginate your account if you have a lack of money management strategy.
Trade safe, Joe.
Gold LongHey Traders, today we are monitoring XAUUSD for a buying opportunity around 1780 zone respecting the bullish trend and the strong supply and demand zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe and remember to use proper risk management with gold, because gold movements are so violent comparing to other forex pairs and it's easy for gold to marginate your account if you don't use the right money management plan.
Joe.
BUY GOLD2 Possible scenarios.
1. Gold will drop to 1787 area then continue with the bullish trend. Or,
2. It will drop further to retest the major weekly orderblock at 1775 area, which will give us sniper buy entries all the way up.
Watch out for these two areas.
TP1: 1828
TP2: 1858
TP3: 1900
SL: 1758
long term buy on XAUUSD1. A major downtrend on daily chart has been broken; done so by an upwards forming channel as marked up on the chart.
2. We are now waiting for the channel to be respected and drawback to the 1850 zone, which will also serve as a retest of broken downtrend
3. The 24 SMMA shows long term buy (just another confluence)