XAU/USD "GOLD" Market Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAU/USD "GOLD" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Xauusdtrading
XAUUSD: Quick sell opportunityGold is bullish on its 1D technical outlook (RSI = 63.790, MACD = 41.420, ADX = 28.520), gone down considerably from its previous oversold levels as it has turned sideways since September 26th, in a range that looks like the last consolidation of late August. Now that the 4H MA50 has been breached, the metal can technically make an attempt to test the bottom of the Channel. This is a strong short term sell opportunity (TP = 2,625).
See how our prior idea has worked out:
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XAUUSD- More of the same today?Gooooood Morning Tradingview 🌄
So for today, no surprise to anyone, I am staying patient 😌 what I would like to see is price reach back up to the orange 5m LQZ, preferably creating some form of structure like a flag, before entering.
I do see more of the same, bearish momentum towards the Daily LQZ that never got touched this week.
If I "miss" my entry no bjg deal. We have news for the rest of the week with FOMC this Friday- yay! 🤗
As we can see price is inside of a nice descending (parallel) channel - inside of a larger descending parallel channel. I can see price possibly pushing up to create that 3rd touch before melting, but this is a lot of speculation and (educated) guess work on my part.
This is a good thing, knowing what to look for before entering. However, I am happy to stay out of the market today if need be to allow price to truly pick a direction.
🌟 As always
PIPs Over Profits 💰
I love y'all ✌🏾
GOLD (XAUUSD): Important Support & Resistance Levels
Here is my latest structure analysis and important
vertical and horizontal supports and resistances to pay close
attention to on Gold next week.
Consider these structures for pullback/breakout trading.
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GOLD (XAUUSD): Support and Resistance Analysis
Here is my latest structure analysis and important
support and resistance levels to pay close attention to on Gold.
Vertical Structures
Vertical Support 1: Rising Trend Line
Vertical Support 2: Rising Trend Line
Horizontal Structures
Resistance 1: 2648 - 2655 area
Resistance 2: 2673 - 2680 area
Resistance 3: 2692 - 2700 area
Support 1: 2586 - 2601 area
Support 2: 2525 - 2560 area
Consider these structures for pullback/breakout trading.
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GOLD (XAUUSD): 2 Important Vertical Resistances
Gold updated the all-time high again this week.
Here are the next potentially strong vertical resistances
to pay close attention on.
Both trend lines are based on a historical price action
and proved its significance by multiple strong bearish reactions to that.
With a high probability, a bearish reaction will follow from
these trend lines in future.
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XAUUSD: 2,650 by next week, 2,850 by early 2025.Gold turned overbought on its 1D technical outlook (RSI = 71.445, MACD = 34.140, ADX = 33.307). Despite that, our TP = 2,650 will most likely get hit by next week, so now we will discuss what could happen next. Obviously a rejection at the Top of the Channel Up is most likely to take place, with which the market will seek technical confirmation of a support and buyers near the 1D MA50 again.
On the 1W timeframe however (right chart), with the Fed cutting the rates aggressively as during the pandemic (March 2020), it is very likely that we are in a post cut rally which, with the support of the 1W MA50, will peak possibly as high as +78.50%, like the August 2020 Top. Consequently, we see more probable long term for Gold to reach 2,850 by February-March 2025.
See how our prior idea has worked out:
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The 2550 target has been achieved, how to trade next?
Currently, gold has fallen below 2550, and our short-term goal has been achieved. Due to the rapid and sharp decline, there is a need for a rebound and repair on the technical side. It is expected that there will be an increase in the intraday tomorrow. The transaction can be mainly based on low-level longs, and short again after rebounding to the resistance.
Gold has not stopped increasing, long-term sell ordersI update you with the price levels to pay attention to when placing orders. For Sell Scalping orders, pay attention to the red levels at the price points 2595 - 2611 - 2620. For Buy points, 2575-2571- 2554 - 2545. These levels have a maximum SL of 3 prices. Never hold on to more than this level and the points around 2530-2526. This is a long-term swing order zone for Buy, which is expected to be received next week, because there will always be a correction wave. Looking at the market today, the daily and weekly frames are both strong forces for Buy to completely dominate. So if there is any Sell today, just scalp for a short time, and Buy is the main one to be safe. Because today, it is only scalping, so I will only show you the price levels on the Futures market because it has higher accuracy than CFD. Because if Buy holds for a long time, you are afraid of hitting the top, but Sell is afraid of being blocked by the ship. Because gold is at a new ATH peak, there will be no good resistance points. Where to Sell, most analysts currently only use Fibonacci as a price barrier, but it is also risky when the market's upward force is as strong as this, I am busy today and tomorrow I will be online in the market with you, so if you trade today, pay attention to the above price levels, these price zones will change every day and need to be updated the next day, I remind you again that if the price reaches the green liquidity points I marked, Buy is safer, and the red points Sell is high risk, if you do not have knowledge or are weak in knowledge, do not pay attention to the red points, because trading against the wave and trend has a very high possibility of loss, the wave is still expanding and has not shown any signs of stopping, so please pay attention.
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World market
At 06:18:28 09/17/2024, the world gold price stopped at 2,582.76 USD, up 3.73 USD/Ounce, (equivalent to 0.14%) compared to yesterday.
Converted according to the current exchange rate at Vietcombank, the world gold price is about 75,918 VND/tael (excluding taxes and fees).
At the beginning of the trading session on September 16 (US time), the world gold price set a new record at 2,588 USD/ounce. However, immediately after that, profit-taking activities of investors caused the gold price to decrease.
Precious metals received optimistic signals from the US Federal Reserve (Fed) at the monetary policy meeting taking place this week. The market is leaning towards the possibility that the Fed will decide to cut 25 basis points.
Key Levels and Targets for Gold Trading
Following Friday's significant decline, gold's technical indicators are showing signs of recovery, suggesting a short-term buying opportunity at lower levels. The upper resistance zone is between 2508 and 2514, which appears strong based on current market conditions.
The probability of a direct breakout above this zone is low. Therefore, if the price reaches this resistance area, consider short-selling opportunities. For this week, the initial short-term target for the downside is in the 2478-2472 range.
Trading Area for Gold based on S/RMy idea is based on the Support & Resistance levels observed on 1H TF
I'm anticipating price bounce from the identified support areas (Support-1 & Support-2) My plan is to enter long position when the price reach these support levels and close the trade at the resistance level
Bias: Bullish
Entry: Long from the Support-1 & Support-2
Take Profit: at Resistance area
Stop Loss: Below Support-2
Good Luck
GOLD (XAUUSD): Important Decision Ahead
The release of the today's fundamentals is favorable for bulls in the Gold market.
The price is now testing the resistance cluster based on the current All Time High.
As always, our strategy is to wait for is bullish breakout.
A daily candle close above that will confirm a violation.
A bullish movement to 2550 will be expected then.
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GOLD (XAUUSD): Important Support and Resistance Levels
Here is my latest structure analysis and important
support and resistance levels to focus on Gold.
Resistance 1: 2525 - 2531 area
Support 1: 2470 -2484 area
Support 2: 2432 - 2447 area
Support 3: 2353 - 2381 area
Consider these structures for pullback/breakout trading.
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GOLD (XAUUSD): Bullish Accumulation Again?!
I see clear signs of a bullish accumulation on Gold again.
As previously, the price sets higher lows, setting equal highs.
Looks like the market is preparing for a breakout attempt of the underlined red resistance.
IF the price breaks and closes above that, it will be a strong bullish signal.
A bullish continuation will be expected at least to 2540 level then.
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GOLD (XAUUSD): Bullish Movement to All Time High
Gold closed in a very strong bullish mood this week.
The price retested a recently broken horizontal resistance,
bounced and violated a resistance line of a bullish flag pattern on a 4H time frame.
Probabilities are high that the market will continue growing next week.
Next goal for buyers will be the resistance based on a current All Time High.
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GOLD (XAUUSD): The Next Resistance?!
As Gold updated the ATH on Friday,
here is the next potential resistance on focus.
It is based on a major rising trend line on a daily,
based on 4 important previous highs.
I think that we will see a pullback from that.
I will post the update after its test.
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GOLD (XAUUSD): Still Bullish Outlook
As I predicted on our Wednesday's live stream
Gold keeps going up.
Analyzing the intraday price action, I spotted one more bullish confirmation.
This time the price violated a support line of a wide horizontal range on a 4H time frame.
We see a positive bullish reaction after a retest of its broken upper boundary.
I think that the market will reach 2450 level soon.
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GOLD (XAUUSD): Detailed Support and Resistance Analysis
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Resistance 1: Rising Trend Line
Vertical Support 1: Rising Trend Line
Horizontal Structures
Support 1: 2348 - 2364 area
Support 2: 2333 - 2340 area
Support 3: 2265 - 2298 area
Resistance 1: 2468 - 2483 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GOLD (XAUUSD): Key Support & Resistance Analysis
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Resistance 1: Rising Trend Line
Vertical Support 1: Rising Trend Line
Horizontal Structures
Support 1: 2348 - 2364 area
Support 2: 2333 - 2340 area
Support 3: 2265 - 2298 area
Resistance 1: 2468 - 2483 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
GOLD (XAUUSD): Bullish Outlook Explained
Analyzing Gold on intraday time frames this morning,
I spotted multiple bullish clues.
The price started to nicely respect a rising trend line on a 4H,
after a one of its test, a cup & handle pattern was formed.
I think that the market has a nice potential to retest a current high.
Goal - 2467
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GOLD (XAUUSD): Important Supply and Demand Zones to Watch
Gold closed in indecision this week, respecting 2 supply and demand zones.
The price went rejected from an expanding supply zone based
on a resistance line of a rising parallel channel and a horizontal resistance.
The market also respected a horizontal demand zone based on
a horizontal support cluster.
After the market opening, I will monitor the reaction of the price to these zones
and will look for trading opportunities from there.
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