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XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis given to XAUUSS earlier, GOLD went down very fast, BREAKING the TREND LINE because the US INFLATION DATA was UP. Due to this, US10Y went up a lot. And US RETAIL SALES DATA also rose rapidly. It also affected GOLD especially last week. So GOLD sold fast. We have some very important NEWS coming to the USD this week, especially tomorrow. So we have to wait a bit until we get them. The FED RATE DECISION is due this week mainly. Therefore, you should definitely pay attention to GOLD. Anyway, with US10Y UP, GOLD is going down a bit now. Anyway, we expect GOLD to go down to 1628 LEVEL. After that, GOLD can definitely go up to 1744 LEVEL. Be careful.. xauusd
OANDA:XAUUSD
by benny_marshall
GOLD SELL TODAY QUICK SCALP!Hi Team I have hit at least TP1 on EVERY SINGLE POST for the last three weeks. Nod bad, eh!? This one is simple. We got a quick grab on gold earlier this week, and now we see a minor retracement. Gold moves VERY fast on news events, so my advice is to be in and out quickly with this one! Keep a look out for daily posts (I am on call night shifts this week - so saving lives AND saving your money!) Let's continue to move forward and make gains - I have exceeded my monthly salary this week alone. As ever - be sensible, be patient - always use a SL. Good luck, Trade safe. DrBear
FX:XAUUSDShort
by DrBear
1
GOLD LONGmy confluences; d; the big trend is bearish 4h; bullish ( for a quick intraday trade imma follow the 4h trend) broke the range zone price broke above resistance broke the previous HH with high momentum above 50/20emas 1h long wick rejection . 15m my entry was on the close of an engulfing candle sl; previous swing tp; nearest s/r a quick one price may reverse on me at any moment cus its a counter trend trade RM; risk; always 1% or less rrr; the mini target 3.1 PSY; protect capital first then make money second always manage ur risk vs reward be patient on ur setups advice; when the position is on profit trailing stops and scaling onto the trade while letting previous once risk free.
FOREXCOM:XAUUSDLong
by Ily14
Gold: trading ascending and descending channelTAKING PROFIT: trading trend pattern sometimes is not that easy because sometimes our targets meets some hurdle on the way which make us to exit the trade with fear before our target and we end up regretting it because the market finally gets to our target. But believe me incase whereby you've a sell order in a descending channel you don't have to panic in such situations because any delay and hurdle faced on the way down is a blessing I mean the more it delays the more low is going to touch the trend which is more profit while if you've a buy order in descending channel the best time to exit is when the market start struggling near the up part of the trend because sometimes the market turn back from there(which will make some people panic and take less profit when the market is already going down so is better you to exit close to the trend or at retest/double top) and retest on the up part of the trend forming double top and start reversing. Vice versa with ascending trendline. ENTRY: most people form their trend with 3+ touches without breaking but I prefer mine with 2 touch at one part and 1 touch at the the other part(I mean highest or lowest point between the part with two touch). I form the trend from the part that held twice then I clone it and move to the part with 1 touch once capped at the point with 1 touch I make an entry.to the other part. For me once market have touched any part of trend 3x it can't longer be trusted I've to be very sure it holds before making an entry and from this point 5 touches is the maximum I can trust. I don't know about other pairs I trade only Gold. SPOTTING FAKE BREAKOUT: Combining trend and supply and demand is best strategy you might want to try that will always help you to spot fake break out because most times the market break out of trend and hit zone and cap back at trend and sometimes market break out of zone and hit trend and cap back at zone. This help you spot fake break out to avoid trading fake breakouts.
FX:XAUUSD
by Metalixt
2
Gold (XAUUSD) Analysis and Trade IdeaPrice has swept the low for LQ, and now pulling back for a correction, as expected. The noteworthy point to make is, it took out a demand zone in the process. Now, price is pulling back to the supply zone that broke the demand. It is a potential "demand2supply flip." I love these. I am looking for a sell setup as price enters the supply. No setup, no trade. Price could potentially go for a deeper pullback, breaking the supply zone . So, I will only take the short after confirmations. The target will be the low of the pullback, and further down to the blue line.
FOREXCOM:XAUUSDShort
by RT_Money