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Xauusdidea

Start shorting goldThe magic reappeared, and gold once again reached the target area of ​​2420-2430 as expected. We have gained a lot in long positions in the past two days. So what everyone is concerned about now should be whether gold can continue to rebound? Or where can it rebound in the short term. In fact, from the current structure of gold, gold is now facing resistance in the 2430-2435 area, because gold has fallen from 2484 to around 2384, and the 50% area is just around 2433-2435; and even the 61.8% area is only around 2445, so after the rebound of gold, it is facing resistance in the 2433-2435 area, and there is resistance in the 2440-2445 area above. I think gold may usher in a correction at any time in the short term. In addition, from the US dollar index, the US dollar has been supported near 104 since it broke through 104. The US dollar still has the potential to continue to rebound with this support, which will suppress gold to a certain extent! So, for gold trading, I think we can start trying to short gold in the 2430-2435 area.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
3
XAUUSD July 24, 2024 Where will the rally go? As in the previous day's forecast, after the 5-wave trend is the ABC correction wave - Looking at H1 we can label wave a and wave b as shown on the chart. Currently, we expect wave C to complete so we can enter orders - Wave C target we measure 2 targets: price range 2420 and price range 2433. - After completing the next abc correction, it will be a 5-wave pattern following the previous downtrend Trading plan SELL ZONE: 2431 - 2435 SL: 2440 TP1: 2411 TP2: 2394 TP3: 2382 BUY ZONE: 2476 - 2471 SL: 2466 TP1: 2382 TP2: 2394
OANDA:XAUUSDShort
by DEEKOP
XAUUSD July 23, 2024 Where will the rising wave go?Looking at the H1 chart, we have a completed 5-wave bearish pattern - The target of wave 5 has been achieved near the price range of 2382 that I predicted yesterday - After completing the next wave 5, there will be 2 cases, the first case is that the price continues the 5-wave impulse wave pattern. The second case is the abc bullish correction pattern. - Regardless of the pattern, we now expect a price increase at least according to the abc correction pattern - The target of ending the correction wave will be specifically determined when the wave has completed at least 2 waves a and b. Based on current price data, I estimate the target of the correction wave is the price range 2433. - If this rally gets past 2453 then we will be leaning towards a trend rally to 2500 then I will update everyone. Trading plan BUY: 2491 - 2488 SL 2483 TP1: 2420 TP2: 2433 SELL ZONE: 2433 - 2436 SL: 2431 TP1: 2411 TP2: 2494
OANDA:XAUUSDLong
by DEEKOP
XAUUSD July 22, 2024 Is the decline over? The information that President Biden withdrew from running due to his health further confirmed Trump's high chance of winning the election. This information immediately caused XAU to gap up on Monday morning Looking at H1 we see a sharp sharp decline, this is the ongoing wave 3. - At the price range of 2394, we have a strong rebound. From this rebound we expect that wave 3 has ended and this rebound is wave 4. - The target of wave 4 I measured at the price range 2420 or price range 2428 - After completing wave 4, the price continues to decrease to complete the 5-wave pattern - With the current price data, I can temporarily measure the expected target of wave 5, the last down wave of this downtrend, at the price range of 2382 or the price range of 2366. - After the end of this price reduction, we expect a strong recovery and I will update the specifics of this recovery after the price completes this 5-wave decline. - Our trading strategy is to observe price reactions at support and resistance zones to enter orders
OANDA:XAUUSDShort
by DEEKOP
Gold Monday Trading Strategies and Signals XAUUSD. Today is Monday, July 22. It is the first trading day of this week. Today, gold opened at 2412 and has been fluctuating slowly within the range. After last week's violent fluctuations, gold is now very polarized. So I think it is likely to be a fluctuating trend today. When the trend is oscillating, we can make profits in both buying and selling orders. I will give you several corresponding transaction prices. You can refer to them. Gold buy: XAUUSD buy: 2391-2394 2377-2381 XAUUSD sell: 2417-2422 2429-2433 The above is my judgment on the gold trend today. I hope everyone will gain something. If you are interested in my analysis, please join me and give me a thumbs up
FX:XAUUSD
by MaudEvans
XAUUSD GOLD trade Idea on 4-hr timeframe {18/07/2024}Educational Analysis says XAUUSD GOLD may move in this range for some time according to my technical. Broker - OANDA This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, it maybe long for the premium level in the 4-hour time frame. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this trade turned out. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
OANDA:XAUUSD
by VishalBudhrani
XAUUSD moving again to break a new record high**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. XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold. **Weekly Chart** The last weekly candle closed as a big bearish high test. This happened after XAUUSD (Gold) reached a new record high. This created a large sell-off from buyers closing their positions at high prices and introduced sellers to short gold for quick profits. **Daily Chart** Last week XAUUSD closed near the previous equal low which was at some point the daily swing high. This has created a new demand zone for the price to push higher again after completing the sell-off. This week we will be looking for entry to move higher and create a new record high in line with fundamentals and geopolitical factors. Look for buy setups forming on lower time frames (ie. 4H and 1H).
OANDA:XAUUSDLong
by PropSignals
Gold fell as expected, making a huge profit of 500pipsThe magic was successfully demonstrated, and we finally met at 2430-2420! In the past two days, I have been emphasizing shorting gold and setting a target: 2430-2420. And the day before yesterday, I also emphasized in the article that shorting gold in batches in the 2470-2480 area, the target is 2430-2420. Today, gold continued to fall, and the lowest has reached around 2404. Perfectly hit our target area, we successfully made a profit of 500pips, a great deal! At present, gold has fallen sharply and has continuously broken through multiple short-term supports. Now it is not just a correction, but the market sentiment venting and the selling of chips have formed a combined force to stimulate gold to form a new downward trend. At present, gold has fallen below the support near 2410, and the short-selling counterattack has strong potential. At present, there is no technical structure to support the rebound of gold, so I think gold will definitely test the 2400 integer mark. If gold falls below 2400, then gold may accelerate its decline to the 2385-2360 area in the future. So in terms of trading, don't go long on gold for now; but the market won't give us a good position to go short easily. So what we have to do now is to wait and see! Of course, if gold has a chance to rebound to 2420, we can go short 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:XAUUSDShort
by alongwineer