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Xauusdidea

XAUUSD on July 18, 2024 continues to wait for the target zone? Continue with the previous day's plan - Looking at H1, we have black wave 5 which is an expanding wave. - In the black wave 5, there is a yellow 5-wave structure and now we have a yellow 4 wave that may have completed. - From the measured targets for the end of wave 5 of the plans in recent days, we will have the first target at the round number area of ​​2500 - Currently we wait for the price to reach the target area of ​​2500 to find conditions to SELL
OANDA:XAUUSDShort
by DEEKOP
1
XAUUSD July 17, 2024 Will the rising wave continue? The information we received is that Mr. Trump's brother is officially named as the Republican candidate. The fact that Mr. Trump is a bright candidate for the United States is creating conditions for XAU to increase in price because of its policies. In the past, he advocated for reducing interest rates to focus on economic growth. The information released from the Fed in recent days shows dovishness with announcements that curbing inflation is very effective as well as statements from Fed Chairman Powell also making dovish comments. . This also makes the expectation that interest rate cuts will happen sooner. Looking at H1, we see that yesterday there was a strong increase, which shows that we are having wave 5 extension. We are measuring wave 5 and currently have two important target price areas to observe: the 2481.6 area and the 2500 round resistance area. - At this time we should limit buying because the price is at the peak of the price force. Looking at the RSI, we see that the price momentum is weakening, while the price is still increasing, this signals that the current uptrend has ended. weakening force increased insignificantly - We have target price zones to find selling points at 2481.6 and 2500. - We expect the price to have a slight correction and then create a new peak near the 2500 area and the RSI peak will then diverge, which will be a nice sell trade setup. We continue to observe the price in this area to find a Sell down point. - In the immediate future, we have a target area for the downward correction wave at the price range of 2438.6. When there is more data about the dark price, this target area will be updated
OANDA:XAUUSDShort
by DEEKOP
XAUUSD trading plan for week 1, July 2024Looking at D1, we see that the adjustment process has reached the end of the period - Unlike impulse waves, corrective waves take a long time and often have complex patterns that are difficult to predict. - Looking at the current model, I am leaning towards the complex triangle correction model with ABCDE structure in Elliot - The beauty of Elliot is that there are price levels that confirm whether we are moving in the right direction. - We have 2 prices that confirm our wave counting + If the price level 2284.37 is broken below then our current assumption is no longer correct then our previous assumption that the ABC correction model I mentioned last week will apply + If the price level of 2365.7 is broken, the triangle correction model we are predicting will be confirmed. - So our plan is to wait for the price to break out of the 2365.7 price range and test again to enter a Buy order. - If the Breakout price drops below 2284.37, then we wait to test again and enter a Sell order. If that happens, I will update.
OANDA:XAUUSDLong
by DEEKOP
XAUUSD Gold Technical Analysis and Trade Idea👉🔍In this video, we closely examine XAUUSD Gold. Recently, Gold has experienced a strong bullish rally but now appears overextended and has reached a key resistance level. Given this overextended move, I'm looking for a buy opportunity on a Fibonacci retracement. In the video, I share my insights on price action, market structure, and the trend. Remember, this content is for educational purposes only and not financial advice. Trading carries significant risk, so it's important to use responsible risk management strategies. 📊✅
FOREXCOM:XAUUSDLong
by fxtraderanthony
How will XAUUSD fluctuate after Trump's case? The failed assassination of presidential candidate Trump increasingly increased his odds of winning the election as well as helping the Republican party hold a large number of seats in the parliament. If the Republican Party prevails in the election, This will promote a reduction in USD interest rates. This is also the reason why XAU has increased in recent days. Looking at H1: - The purple 5-wave structure has been completed. This could be the wave 1 structure in a larger wave. and so next will be the corrective wave structure - Like I said before, corrective waves often take a long time and move complicatedly, we need a lot of follow-up data to shape the corrective structure. - But for simplicity we can expect a simple ABC structure to observe - Then we temporarily have the target area for corrective wave C at 2 price areas: 2367.7 and 2349.3. - The current plan is that we can sell at the price range of 2429 to the price range of 2440 and set the SL at the top of 2440.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD July 9, 2024 potential buying point?Looking at h1 yesterday, we continued to successfully predict the direction of price movement - Currently, the price is approaching the target area of ​​wave C. As I said yesterday, we need data from waves A and B to be completed to determine the target of wave C. - Currently, I measure the target of wave C located at 2 price areas 2355 and 2346 price areas. These 2 price items form a narrow area where we can enter a Buy order at this price area. - If the price breaks through 2339, our current wave counting process is no longer correct, then I will update you again.
OANDA:XAUUSDLong
by DEEKOP
Start shorting gold!Today, gold still maintains an upward trend, and gold is currently trading around 2420. Everyone must have questions, whether the bulls will continue to rise, or wait for the high point to pull back, I think this is the most concerned issue for everyone at present! In fact, I am not optimistic about how high gold will continue to rise. Although gold has risen to around 2420, it seems strong. However, gold has never been able to break through the left shoulder of the daily head and shoulders top pattern during the rise, so the daily head and shoulders top pattern still holds! The rise in the right shoulder of gold is not strong, so we must be careful of the shorts counterattacking at any time. So in the next transaction, we can't be too aggressive in going long on gold! Be careful of the trend of gold falling after rising. Once the decline of gold causes selling, it will be difficult for long positions to get out of trouble; in addition, the US dollar index has also touched the support position in each cycle, and the support rebound of the US dollar index has also suppressed gold to a certain extent! So in terms of trading, I don’t advocate going long on gold at present. On the contrary, I prefer to go short on gold at a relatively high level, and then wait patiently for gold to fall!The main focus on the upper side is the 2425-2430 area resistance, and the lower side is the 2400-2395 short-term support, followed by the 2385-2380 area support. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
2
XAU/USD 15 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has reacted from daily supply zone which could potentially initiate the bearish pullback phase following bullish iBOS. Bearish CHoCH positioning, which is denoted with a blue dotted line, is quite a distance away from price, therefore, for a better indication that pullback phase has initiated I would like to see price print a bearish CHoCH. Intraday expectation: Both swing and internal structures are bullish. We currently do not have any indication or confirmation of bearish pullback phase initiation. I would therefore stand aside and allow price to print a bearish CHoCH. Current CHoCH positioning is denoted with a blue dotted line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, following bullish iBOS last week, technically price should have targeted weak internal high as price was in the discount zone of 50% EQ with internal structure being bullish and that we should be mindful that H4 remains in bearish pullback phase, therefore, I would not have be surprised if price printed a bearish iBOS. Price printed a bearish iBOS, therefore, the previous intraday expectation was correct. Following bearish iBOS price printed a bullish CHoCH which indicates bearish pullback phase initiation. Intraday expectation: Price reacted at premium of 50% EQ but could not target weak internal low. Price could potentially seek more liquidity by trading up to M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: 11/7 Today's market analysis. Waiting for CPI to be releTechnical analysis of gold Daily resistance 2400, support 2370-50 Four-hour resistance 2384, support 2370-61-50 From the analysis of the 4-hour line, pay attention to the resistance of 2384 on the top and the support of 2361 on the bottom. Sell high and buy low in this range before the CPI data comes out. After the CPI news is released, the technical analysis may become invalid, please refer to it with caution Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD remains Bullish**Monthly Chart** XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades. **Weekly Chart** Weekly candle closed as a bullish low test candle indicating that there is still a strong bullish directional basis towards 2369 level and then 2400 level. **Daily Chart** XAUUSD moved higher creating an engulfing candle after testing the demand zone suggesting a continuation of the bullish move. At least to test the high of the IPA around 2387 level. We might see a small retracement in lower time frames before the price pushes higher this week.
OANDA:XAUUSDLong
by PropSignals