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Xauusdidea

After making a profit, how to plan the next strategyWe strategically positioned ourselves a few hours ago ahead of the U.S. data release, successfully capitalizing on a significant profit wave. Following the data-driven volatility, we anticipate a transition to a more technical-driven market. Analyzing the hourly candlestick chart, we observe that XAUUSD remains in an upward trend; however, the potential for further gains is diminishing, indicating an impending shift in market momentum. Key resistance is identified at 2700, with support around 2688. Absent any major news or data releases, the trading range appears constrained, making it essential to accurately gauge market movements to achieve profitable outcomes. Our forthcoming trading strategy is as follows: XAUUSD: Short near 2700; Long near 2688.
OANDA:XAUUSD
by Falcon-Training-Camp
XAUUSD: After a New High, a Support Retest is Needed Following a recent pullback, gold is now in the midst of a rebound, riding the momentum of its newly achieved all-time high. However, the difficulty of sustaining further upside increases at this stage. Therefore, it presents a strategic opportunity to establish short positions in the 2680-2690 range, anticipating a fresh support retest. If the price holds above 2668 during this pullback, it could signal another buying opportunity, allowing traders to re-enter long positions with confidence.
OANDA:XAUUSDShort
by Mia-Signal
Bulls Take Profits, Await Shorting Opportunities Today's long position within the 2652-2646 range has been successful—congratulations to those who followed my strategy! In trading, identifying strong signals is critical to profit. Without it, the market can be unforgiving. Currently, the bulls are in control, but as soon as momentum shows signs of weakening, it will be time to shift focus and prepare for a short position. Stay vigilant and ready to act when the opportunity presents itself.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
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
Gold Bears Secure Profits, Ready To Enter Long Position Today, gold successfully reached our target range of 2644-2637, delivering strong profits for short positions. In trading, clear signals inevitably lead to profitable outcomes. Now that gold has broken above the MA20 and is showing a bullish formation, we will follow the trend and shift towards long positions. Using the MA20 as our reference line, a buy order should be placed around 2652-2646. However, given the current high price near resistance, it's important to manage risk. I recommend setting a stop-loss (SL) around 2632, but adjust according to your individual account management strategy.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
XAUUSD / RANGE BETWEEN 2,68$ AND 2,645$ / 1H XAUUSD / 1H TIME FRAME HELLO TRADERS The market experienced a significant price rise, with a 230 pip profit after reaching a demand zone (an area where buying interest is strong). Prices are now trading between $2,668 and $2,645, creating a defined range. A break below $2,645 signals a potential further decline to the next demand zone between $2,645 and $2,636. A break above $2,668 could lead to a price rise, first to an all-time high (ATH) at $2,685. If prices break above $2,685, the market might witness new historical peaks. Supply Zone : 2,668$ and 2,685$ ( ATH ). Demand Zone ; 2,645$ and 2,636$.
OANDA:XAUUSDShort
by ArinaKarayi
XAUUSD: The risk of shorting is less than that of going long After finding support around 2638, gold has rebounded and is now approaching the critical resistance zone at 2663-2668. If prices linger here without breaking through, it could weaken the bullish momentum. From a trading perspective, the risk of going long at the current price outweighs that of shorting. For those entering long positions, caution is advised—avoid overextending and close positions promptly if the previous high isn’t breached. As for shorts, the risk is manageable; smaller initial positions can be opened, with the option to add more if prices rise. In the medium term, I believe a break below 2600 is inevitable.
OANDA:XAUUSDShort
by Mia-Signal
Gold : A Prime Opportunity for Short Positions Today, gold remains under significant pressure within the 2660-2668 range, with the resistance around the 20-day moving average (MA20) proving to be a formidable barrier. The bearish momentum is clearly in control, presenting a prime opportunity for short trades. The recommended strategy is to focus on selling near the MA20 resistance level, targeting the 2645-2637 range. This approach leverages the technical weakness, as the market favors a downward move in the near term.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
XAUUSD: Mainly short trading, target 2637-2629 During tomorrow's Asian trading session, the primary range is expected to be between 2654 -2644. There is significant resistance around the 2654 level, and if this resistance holds, the market should favor short positions. Support is seen near 2643, and if this level breaks, the next target range would shift to 2637-2629. The market's inability to push through resistance at 2658 reinforces a bearish outlook in the near term.
OANDA:XAUUSDShort
by Mia-Signal
XAU/USD 15 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/Bias remains the same as analysis dated 13 October 2024. As mentioned in my analysis dated 09 October 2024, price could print lower to bring CHoCH positioning closer to current price action, as the previous CHoCH positioning was quite distant. This is exactly how price has moved. Price is currently positioned in the premium above the 50% equilibrium (EQ). Intraday Expectation: Price is expected to react at the premium of the 50% EQ or H4 supply zone before targeting weak internal low. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As mentioned in yesterday's intraday expectation that due to significant narrowing of the internal range, coupled with the fact that price is in premium of 50% EQ of the H4 internal range, I would not be surprised if price printed a bearish iBOS. This is how price printed, printing a bearish iBOS. Price has printed a bullish CHoCH indicating bullish pullback phase initiation with price currently reacting to a well positioned M15 supply zone. Intraday Expectation: Price is expected to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD 14 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/Bias remains the same as analysis dated 13 October 2024. As mentioned in my analysis dated 09 October 2024, price could print lower to bring CHoCH positioning closer to current price action, as the previous CHoCH positioning was quite distant. This is exactly how price has moved. Price is currently positioned in the premium above the 50% equilibrium (EQ). Intraday Expectation: Price is expected to react at the premium of the 50% EQ or H4 supply zone before targeting weak internal low. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Following last week's bearish iBOS, price did not target weak internal low with price printing bullish iBOS. This is in line with H4 bullish pullback phase. We are now trading within an internal low and fractal high. Should price print bearish CHoCH we would have a confirmed internal range which will be significantly narrower than previous internal ranges. Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of bearish pullback phase. Bearish CHoCH positioning is marked with a blue dotted line. Systematically price should either react at discount of 50% EQ or M15 demand level to target weak internal high, however, due to significant narrowing of the internal range, coupled with the fact that price is in premium of 50% EQ of the H4 internal range, I would not be surpised if price printed a bearish iBOS. M15 Analysis:
OANDA:XAUUSD
by Khan_YIK
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 | GOLDSPOT | New perspective | follow-up detailGold prices took a hit after a stronger-than-expected US jobs report, signalling a resilient labour market and likely gradual Federal Reserve (Fed) policy easing with 25-basis-point rate cuts. This data boosted the US 10-year Treasury yield by 12 basis points to 3.971%, putting downward pressure on XAUUSD. Next week’s key events include the US inflation data, jobless claims, and the University of Michigan Consumer Sentiment report. Plus, rising geopolitical tensions in the Middle East could offer support to gold prices as conflicts involving Hezbollah, Iran, Israel, and the US unfold. Can gold challenge the $2,700 mark this week? XAUUSD Technical Overview: This week, we're focusing on the $2,630 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #GoldMarket #FedRateCuts #USData #GoldTrading #ForexAnalysis #GoldForecast #EconomicOutlook #TradingStrategies #InvestingInGold #MarketUpdates📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
5
XAU/USD 11 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as analysis dated 09 October 2024. Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS. We are now trading between an internal high and fractal low. CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price. Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as analysis dated 09 October 2024. Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS. We are now trading between an internal high and fractal low. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line. Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
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
Gold fluctuates downward and shorts profitThe minutes of the Federal Reserve's September monetary policy meeting revealed deeper divisions at the Fed. Although only one person, Fed Governor Bowman, voted against the decision, the minutes showed that there were more divisions among policymakers than the nearly unanimous decision would indicate. The Fed cut its benchmark policy rate by 50 basis points in the minutes of its September 17-18 meeting, which noted that the pace of future rate cuts would not be determined by an initial large rate cut. Powell encountered some resistance in pushing the Fed to make a decision to cut interest rates by 50 basis points, as more than one of his colleagues advocated only a 25 basis point cut in interest rates. However, geopolitical tensions remain, helping gold prices to stay above the 2,600 mark. Investors now await the US Consumer Price Index (CPI) data to be released on Thursday to further understand the interest rate outlook. Now, traders' attention shifts to the US CPI data to be released on Thursday. The market estimates that inflation will continue to decline. However, if inflation is higher than expected, this will open the door for the Fed to pause its easing cycle. In addition, the number of initial jobless claims in the United States will also be released on this trading day, and investors also need to pay attention to it; in addition, continue to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation. Gold technical analysis: Gold fell again yesterday, and the daily line is currently 6 consecutive negatives. It ran below 2620 for most of the trading day yesterday. Overall, it fell below the 20-day moving average, and the 5-day moving average is currently running below the 10-day moving average. The moving average diverges downward, and we continue to maintain a short position. Today, Thursday, the US CPI data was released. While gold remains bearish, it needs to pay attention to the support below. It is expected that the market will have a short-term directional choice. Why do I say that? The daily chart shows that the current short-term trend line is just around the 2600 mark; the market has fallen from 2685, and it has fallen by basically 80 US dollars. Whether it will continue to fall further, or stop falling and rebound and then fall again, it is expected that there will be a result today. In terms of short-term gold operation ideas today, Jin Shengfu recommends shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 2622-2624 line of resistance, and the short-term focus on the lower side is the 2600-2604 line of support.
OANDA:XAUUSDShort
by q1620q1620