October 4th. How to trade before and after ADP
Today’s big news, ADP, is coming. The impact of news on gold or oil is huge. For those who have continued to lose money before, today is an opportunity to recover their losses. For those who have not made money, today is a good opportunity to make money. So everyone cherish it. If you want to follow my trading signals, remember to leave me a message in advance. If following today. Then there will still be good trading opportunities tomorrow and the day after tomorrow, which is the monthly non-agricultural data. Don't wait until the balance in your account is 0-100 before contacting me. That's very enervating.
You can contact me to receive trading signals. I will tell you the trading timing directly.
Xauusdsetup
XAUUSD Gold 04/10 MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves. Bullish Channel in Short Time Frame if Breaks the Lower Trend Line then it can Possible Reject from the Daily Demand Zone and if it Rejects and Breaks the Upper Trend Line then it will make its Correction till Previous Strong Level
Gold: Today’s Strategy
The downward trend of gold has not changed, and operations continue to be bearish at high altitudes! The rebound is still a short-selling opportunity! The US market position of 1824 continues to be empty, and the target position of 1800 below remains unchanged!
Gold continues to fall. Although there is a rebound during the decline, the strength of the rebound is very weak! This time gold's rebound should fall again after encountering resistance from hourly Bollinger upper track pressure!
Therefore, the U.S. market continues to be short and bearish. The pressure position of the rebound in the European market, 1828, is also a short-selling position. The U.S. market is directly short! Just continue to be bearish!
#XAUUSD:LAST SWING HIT 820+ PIPS!!Dear Traders,
Hope all of you are doing great this week, we had a successful swing trade which ultimately helped us gain massive 820+ pips; XAUUSD price has changed its trend as DXY is bullish. We expect price to reach 1850 first as currently sellers have immense control in the market. At 1820 zone we expect price to bounce back up until 1880 zone where we can sell big 500 pips.
Thanks all for your continuous support.
GOLD 1H : Supports further declineGOLD
OUTLOOK
Gold prices declined during trading today, Tuesday, as markets came under pressure from the strength of the dollar against most major currencies, in addition to the intense sales that affected most markets due to the rise in bond yields.
Technical abstract :
The price perfectly fulfills my last idea and price reached to our target .
The price of gold achieved a strong break from the 1916 level to settle below it, as it reached the 1903 areas and stable under it , activating bearish scenarios in the immediate term, aiming to head towards the 1890 and then 1885 levels as bad stations.
Therefore, we expect to witness a long-term reading during the coming period, supported by the bearish channel with Scott, until recording 1903 will stop the negative scenario and lead to the start of the target and recovery in the immediate term.
Additionally ,Today News will affect the market .
The expect range trading for today it will be between the resistance line 1903 and support line 1890.
support line : 1890 , 1885
resistance line : 1903 , 1916
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold: Strategy advice short
Gold has now fallen to the daily Bollinger lower track support position, which is what I said before, only at this position can it rebound! Whether it will rebound or not is uncertain. At the key point, it is better to be quiet than to move. The key is to move in the right direction. Now that there are differences and uncertainties, it doesn't hurt to wait and see. After all, safety comes first. Just wait for my strategy for the specific next step!
Strategy 1909 empty 1900 advance
XAUUSD can restest resistance and fall, XAUUSD, GOLD SELL/SHORT Hey Hey Friends,
This FS with you with gold analysis. Yesterday we have witnssed a steap fall in gold 1914 and that was expected too but I was expecting a bounce to 1937 - 1942 1st before the fall.
Now XAUUSD trading below green channel in 2 hours chart seen between 1930 - 1938 that range is likely to act as resistance now and fall towards 1907 - 1900 can be expected.
Our target is 1914 and below 1914 we should expect 1907 - 1900.
Next Idea would be published for your once XAUUSD made these levels.
XAUUSD: Analysis and operation today
On Tuesday (September 19), the Federal Reserve officially began a two-day policymaking meeting, the Federal Reserve's latest economic forecasts and Chairman Powell's speech on the future outlook hints received wide attention from investors. Four hours of technical analysis, although the continuous rise of the price is stable above the two moving averages, but from another perspective, the rapid rise of the emergency fall, there is no only rising market, there is no only falling trend, although the bulls are strong, but the moving average still maintains the trend of the dead fork, and the continuous rising trend has the demand for adjustment on the technical side. In addition, the price is close to the key 1938 pressure level, although the current price is temporarily running near the support band around the previous 1930, there is almost no rebound strength, and the short-term trend is less and less weak.
Operation suggestion:
To callback to do more! The specific time will be notified later!
Gold Futures / GDC / XAUUSD / ETF - GDX - BearishTVC:GOLD ACTIVTRADES:GOLD NYSE:GOLD AMEX:GDX COMEX:GC1!
As per my previous post on Gold, the current price action is creating and symmetrical triangle on the daily chart and as we can see PA rejected off from the .786% retracement.
With daily rejecting off 1968 levels confirms there is more downside remaining and the break of below triangle trendline will open up targets of 1894 and 1834.
According to Elliot Wave, we completed 5 waves in May 2023 and currently the PA is printing an ABC Zig-Zag pattern.
RSI : Below 40 will trigger more shorts.
MACD : Is still below 0, suggests bearishness.
Candlestick Chart:
If price action breaks 1947, next target for TP is 1934 and 1924.
On candlesticks we have two patterns - 1) Bearish Harami 2) Evening Star doji.
According to my trend analysis indicator, we are trending sideways between 1919 and 1974 levels.
My previous posted Ideas on Gold.
OANDA:XAUUSD FOREXCOM:XAUUSD
COMEX:GC1!
AMEX:GDX
XAUUSD: Gold analysis and layout
Gold rose last week, and then began to slowly shake down, the lowest fell to around 1900, but still not broken 1900, Thursday bottomed out, Friday rose strongly, the highest to close near 1930, the weekly line closed a lower line longer than the upper line of the positive line. At present, it is temporarily in the range waiting for a breakthrough in the choice of direction, and the daily line is parallel to the end of the line, and the wide fluctuation between the upper and lower rails is temporarily seen in the short term
Four-hour chart a wave of recovery to recover lost ground, re-broke the downward step, approaching the fall, and there is no obvious unilateral direction in the short term, longer is in the sawing shock, the interval at the beginning of the week, the time point after the European trading, the day to pay attention to the small resistance 1930 breakthrough, followed by 1945/1953 pressure, Focus on 1916/1900 support below
Specific layout:
(1) See 1945/1953 can be short respectively, the target to see 1930-1922
(2) See below 1916 to do more, lose 7 points, the target to see 1926-1930 on the break
(3) Focus on the broken position in 1930
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XAUUSD: Extra downside in store – UOBGold prices added to the weekly retracement on Wednesday. The downtick was on the back of a small build in open interest, which hints at the probability that extra losses could be in store for the commodity in the very near term. Against that, the $1900 mark per troy ounce emerges as a key contention area for the time being.
XAUUSD - GOLD - Buy zone on D1 and possible scenario In today's analysis, our focus turns to XAUUSD (Gold) on the Daily chart. As previously noted, our anticipation of a sharp decline in GOLD from the 1949-1952 levels has played out as expected. Now, we are examining our targets for our existing short position and exploring the possibility of opening a long position.
Drawing insights from historical data over the past few years, we have observed that gold tends to follow recurring patterns and has a penchant for retracing to the 61.8% Fibonacci retracement level. An illustrative instance of this behavior is the 1952 level observed on the 4-hour chart. Currently, our attention is drawn to the potential 61.8% retracement on the Daily chart, anticipated at around 1786 levels, with an expected arrival time around mid to late October.
The historical data further indicates that November and December often exhibit a bullish tendency in the gold market. Aligning this pattern with our Daily chart channel analysis, we find a compelling convergence with the 61.8% Fibonacci retracement, signifying robust support during this period.
It's worth noting that November is historically a month when the Japanese Yen tends to shine, and, interestingly, gold frequently moves inversely to the Japanese Yen. Examining higher time frames reinforces our belief that this could present an opportune moment for acquiring gold.
Adding another layer to our analysis, we look at the economic calendar and note that on the 31st of October, the Bank of Japan (BOJ) is expected to make an interest rate decision that may surprise the market. This potential surprise from BOJ aligns with our expectation of Yen strengthening, possibly driving capital towards gold as a safe-haven asset.
However, please bear in mind that our approach to risk management may differ from your personal risk tolerance. Therefore, this analysis should not be taken as a trading recommendation. It reflects our perspective on the market's likely trajectory, which could evolve over time, given that we still have approximately 1.5 months to observe market developments. Stay vigilant and adapt your strategies as needed.
XAUUSD: Analysis and operation
At the beginning of this week, gold continued to short, and the support below focused on the 1915 line. Once the 1900 level is broken, it will certainly not be held, and the target is the early 1890-1885 low. Suggestions for today's operation:
gold:sell@1926-1931 tp1 1916 tp2 1905
Join me and don't let procrastination and hesitation stop you from making money!
XAUUSD: Gold developments need attention!The price of gold is showing signs of improvement for the second day in a row, bouncing back from its recent low of around 1,915 points on Wednesday. During the early European session, XAU/USD remains in demand and is currently trading at approximately 1,925-1,926 levels. This represents a gain of over 0.30% for the day.
Last Post Update on XAUUSD An UPDATE Regarding the Last Post on XAUUSD:
I forgot to add the reason to the last analysis which i wrote on XAUUSD so I publish a new idea because I'm not a paid user to add the link to the post. By the way the reason to this analysis is these two SSNR which you can draw on Daily time frame. These line Really Matter. I write the old post context in the below for those who didn't see the last post on #XAUUSD
Last Post :
Condition 1: Bearish Movement
If the price movement indicates a bearish trend, we can consider entering a short position between the entry points of 1940-1939 after a pullback. Our first take profit level (TP1) could be set between 1910-1905, while TP2, which serves as a target rather than a fixed TP, could be in the range of 1865-1860. It is crucial to identify a logical level as the stop loss (SL) to manage risk effectively.
Condition 2: Bullish Breakout
In the event of a bullish breakout above the 1905-1910 level, we should exercise caution and wait for a retracement before considering a short position. Once the price retraces to the range of 1953-1951, we can enter a short position. The same set of take profit levels mentioned earlier (TP1 and TP2) can be employed. It's important to adhere to a logical SL level to protect against potential losses.
Please note that given the current downtrend, it is advisable to avoid initiating long (buy) positions during these days. Corrections in a downtrend may provide opportunities for short positions.
Remember to conduct your own analysis and adapt the strategy based on market conditions. Trade wisely and use proper risk management techniques.
#XAUUSD #ShortPosition #BearishTrend #TakeProfit #StopLoss #TradingView