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Xauusdidea

XAUUSD July 3, 2024 will the price continue to increase? Looking at H1, we see that the price continues to sideways in a tradingrank. As I said, this is a correction wave. During the adjustment process, the price will move very complicatedly. - Looking at H1, we see that the price creates gradually lower peaks and especially the demand zone created by the bottom of wave 4 at the price range 2319 has been approached many times and we see that each subsequent approach the price does not rebound strongly, creating new higher peak. This is a sign that this area is likely to be breached - Our plan is to wait if the price reaches the target range at 2311 to 2304 to find a Buy order.
OANDA:XAUUSDLong
by DEEKOP
2320! Go long gold!Although gold has formed a head and shoulders top pattern at the short-term level, the momentum has turned to neutral, and gold has failed to effectively fall below the 2320-2318 area many times during the decline. Instead, it has formed a head and shoulders bottom pattern at the hourly level, and the shoulder support is exactly in the 2320-2318 area. So gold can still use this as support to continue to rebound. In addition, gold has never fallen below 2318 during the decline, so I think the decline of gold is just compression. The deeper the compression, the more violent the rebound may be. It may even continue to rebound to 2340 or even 2350. So when gold falls back to the 2320 area in the short term, I will not continue to chase short gold. On the contrary, I will start to go long on gold! 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:XAUUSDLong
by alongwineer
2
XAUUSD July 2, 2024 will the price continue to increase?Looking at H1, we see that the price is having a recovery to the 2334 area. Looking at the recovery candles, we see that these are short-bodied candles, which proves that the price momentum is weak and will not make the price go far. Okay - Looking at the overall price correction, the price is in a Flat correction model. With this model, we continue to expect the price to complete wave C before continuing. We continue to wait for the price to touch the target of wave C at the price range 2311 to 2304 to enter a Buy order.
OANDA:XAUUSDLong
by DEEKOP
1
In this round, I choose to short gold!Gold rose to around 2340 last Friday and then fell back, which is exactly the 61.8% golden section of 2368-2293, so there is still relatively strong resistance above gold. At present, gold has rebounded to above 2330 again. Although it has destroyed the short-term downward momentum, the continuity is not strong and the rebound is not strong enough, exacerbating the gold shock. In addition, it can be seen from the short-term structure that there are obvious signs of a head and shoulders top structure in the short-term structure, and the shoulder position is near 2331. Of course, even if gold rebounds strongly, the rebound high point last Friday limits the rebound space, so the upper space is obviously not large. Therefore, in short-term trading, I still tend to short gold at a high level! First pay attention to the resistance of 2335-2340 above, and first pay attention to the support of 2320-2315 below! 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
XAUUSD July 1, 2024 Has the uptrend begun? Last week we saw that from H1, the price completed a 5-wave pattern. According to the Elliot principle, this could be wave A or impulse wave 1 - Whether it is a wave A pattern or a complete wave 1 pattern, the 5-wave pattern is always followed by a correction wave - We expect the abc corrective wave pattern to find a trading setup when wave c completes - As shown on h1, we see that the correction pattern is in wave b phase and after wave b completes, we will determine the target of wave c to decide to enter the order. - Looking at h1, we see that the demand zone created by the bottom of wave 4 has been approached many times so this zone has been weakened and there is a high possibility of being breached, this reinforces for us that the bearish wave C will form. From the current data, we can temporarily measure the target of wave C at two price zones: 2311 and 2304. From the target area of ​​wave C we can find buy orders - In case the price breaks through the 2294 zone, our wave counting process is no longer correct, then I will update the new wave counting settings. - Area 2294 is also a good Stoploss area for our buy order
OANDA:XAUUSDLong
by DEEKOP
XAUUSD June 28, 2024 Where will the price increase go? Yesterday we had a price increase in the 2295 area. As I said, if in this zone the price increases beyond 2316.8, we have to count the waves again - We are still in a downtrend and this increase is just a recovery - The new wave counting process is denoted as on the graph. The price decline ended at 2295, wave 5 has completed and next we have the ABC correction process. - Wave A is a 5-wave pattern and currently we see the price is in the wave 4 target area. - Next we have the price will continue to complete wave 5 to complete wave A - So with the Buy settings we can set the appropriate TP, you can gradually increase the SL to avoid losing profits. - We have 2 price zones to complete the wave A target: 2332.9 and 2341.4, these are two potential price zones for the current price increase.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD on June 27, 2024, the final decline? The price has approached the 2295 zone and is currently recovering very weakly in this zone. - There is a high possibility that the price will continue to break this zone and drop to the 2287 zone. + At area 2287, if the price breaks out below this area, the price will continue to complete the target of wave 5 at price area 2256 or 2210. + If the price continues to rebound and surpass the 2315 price range, then we can say that the correction has not ended and the current price is still in a complex correction, then we have to count the waves again ( I will update if this situation happens) - At this price range, we should only observe or play Scalping because we have two price resistance zones that are quite close to each other, the 2295 zone and the 2287 zone.
OANDA:XAUUSDShort
by DEEKOP
Don’t chase the rise in gold, continue to short gold!To be honest, the rise in gold today far exceeded my expectations. Gold hit a high of around 2331, and strongly broke through the short-term resistance of 2315 and 2325. In particular, the release of the initial jobless claims data was bearish for gold, but it was unexpected that gold rose instead of falling. Although gold rebounded strongly in the short term, I don't think the trend has reversed. First of all, after gold fell below the 2300 mark yesterday, it rebounded directly to around 2331 today. The time was too hasty and the time window was unreasonable! In addition, the continuous rise in gold in the short term is actually at a high level, because the current gold price is still suppressed by the 2335 platform above, and the sharp rise must have a retracement trend to confirm support! In addition, in my opinion, today's gold bulls' raid is just the last struggle of the bulls. It is also sweeping the short orders. When the short orders are swept clean, it will fall again! ! ! So in terms of trading, what we have to do now is not to chase the rise of gold, but to insist on shorting gold! 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
XAU/USD 27 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, price reacted at 50% EQ of the internal range to target weak internal low, however, price was unable to close below internal low due to H4 demand zone. Nonetheless, internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price could potentially be seeking further liquidity to once again target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As per previous intraday expectation price did target weak internal low and printed a double bearish iBOS. Price has reacted at a H4 demand level to potentially initiate bullish internal pullback. Price has yet to print a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS, therefore, price is contained within an internal high and fractal low. Internal high and CHoCH positioning are currently at the same level. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. Price could potentially continue bearish to engineer a CHoCH closer to current price. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD June 26, 2024 important price zones? Yesterday's price broke the 2334 zone, confirming the abc wave correction process, which also means that wave 1 and orange wave 2 have completed. After that, the price continues to decrease to continue completing wave 3. We have the characteristics of wave 3 as moving quickly and sharply, - So we wait for the candle to close below 2316.8 to confirm the correction to complete. - The second important price zone to confirm that we are in wave 3 is the price zone 2309 that needs to be broken down and the sufficient condition is that the price breaks below 2287. - After the price has broken below the 2287 area, the target price area we have measured will be considered the 2256 price area and then the 2210 price area. - I have listed important price zones so you can have the best trading management plan. - Trading plan with sold transactions from the 2334 - 2337 range, you can watch these price zones to lock in partial profits or you can DCA when the price breaks out through these price zones. - When the price breaks out through these price zones, you can find an entry point for a Sell order
OANDA:XAUUSDShort
by DEEKOP
3
XAUUSD GOLD Technical Analysis and Trade Idea👉🔍 In this analysis of XAUUSD (GOLD), we examine higher time frame charts that suggest a bearish trend with a potential retracement into resistance. The price action indicates a strong bearish move into support. I am anticipating a possible short-term bullish reversal into resistance for a buy, followed by a sell opportunity from the Fibonacci retracement. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
FOREXCOM:XAUUSD
by fxtraderanthony
2
XAUUSD June 25, 2024 Is the rally over? Yesterday the price touched the wave 4 target zone that we predict is the 2329 zone. - Currently, the price is reacting at the 2334 area. Looking at the current H1 candlestick model, we see withdrawal candles appearing in this area, proving that there is very strong selling force blocking the price increase in this area. - The ending target of this correction is around the 2334 zone. It is important that we wait for a reversal confirmation signal in this zone to be able to set up a Sell trade. - Note that currently on the H1 frame, I am seeing a momentum signal entering the oversold area. This indicates a high possibility that a small price increase will occur. This is a very good opportunity to confirm a reversal. We need to pay attention. close + If this increase does not break through 2334.2, then we will have a reversal signal at the 2334.2 price range. So the entry point is when the price breaks to the previous bottom. + If the price breaks through 2334.2, then we will continue to observe that the price may approach the 2340 to 2342 range. Then we wait for a reversal confirmation to find a point to enter a sell order. The market is always fluctuating and nothing is certain, so Deekop wants his analysis to help you strengthen your trading strategy. I will update more when there are fluctuations in the market. Thank you everyone for following
OANDA:XAUUSDShort
by DEEKOP