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Xauusdwave

XAUUSD 30/9/2024 Has the uptrend started?Looking at H1 we see that the 5-wave uptrend structure has been completed and we are now in an ABC correction structure The target of this correction I expect to end at the 2607 zone. At that time we can execute a long-term BUY order to continue the uptrend. - The process of price completing the correction wave target needs to absorb strong demand zones along the way. These are the targets for us to be able to BUY short-term by day. - Looking at the Volume profile, we see that there are 2 important demand zones that need to be considered, which are the 2639 - 2636 zone and the 2625 - 2622 zone. These are the border zones where the price is pushed up, so they will be the zones that the BUY side will protect when the price returns, and to break these zones, an absorption process is required and we will take advantage of this to proceed to BUY up. - After completing the adjustment, when the price breaks the peak zone of 2686, confirming that the adjustment process is complete, I then measure the target of the uptrend wave with the first resistance zone at the 2700 zone and above it is the 2738 - 2741 zone. This is also our important SELL target zone. - In which we pay attention to an important zone of 2674, this is a strong supply zone, we can consider SELLing in this zone. SELL ZONE: 2670 - 2673 SL: 2660 TP1: 2651 TP2: 2641 SELL ZONE: 2697 - 2700 SL: 2707 TP1: 2684 TP2: 2674 TP3: 2655 BUY ZONE: 2639 - 2636 SL: 2629 TP1: 2655 TP2: 2674 TP3: 2684
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 9/25/2024 gold price continues to increase? Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699. After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets - This adjustment will be very large and long to facilitate intraday trading I will choose target zones with a lot of demand so we can catch the recovery waves in this adjustment. - We have 2 target price zones with high demand concentration, which are the 2565 - 2562 zone and the 2594 - 2591 zone. These are the 2 target zones we choose to BUY up. Trading plan SELL ZONE: 2696 - 2699 SL: 2706 TP1: 2682 TP2: 2665 TP3: 2655 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2641 Tp2: 2655 TP3: 2670 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2614 TP2: 2625 TP3: 2641
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 9/24/2024 price increase continues? Looking at H1 we see wave 5 is completing - The target position of the end of wave 5 we have 2 target zones, the first zone is 2645 - 2648 and the second target zone is 2597 - 2700. For now we will choose the first target zone which is 2645 - 2648 as the target zone to SELL down - Below after the end of wave 5 we will have a correction according to 3 ABC waves. - We have the target zone of this correction at the price zone 2594 - 2591 and the second target zone at the price zone 2565 - 2562 we will choose these 2 target zones to BUY Trading plan SELL ZONE: 2645 - 2648 SL: 2655 TP1: 2625 TP2: 2606 TP3: 2593 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2606 TP2: 2616 TP3: 2645 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2570 TP2: 2589 TP3: 2603
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 19/9/2024 Downtrend is over? Looking at H1 we see that after the FOMC news we witnessed a strong price increase creating ATH at the 2600 area. Then there was a strong decrease to the 2547 area - So wave 5 has completed as expected my target. now we expect an ABC correction - Looking at the chart we see a strong decline suggesting a completed wave A, this strong decline also shows us that wave A has a 5-wave structure so this correction we expect a correction according to the ABC Zigzac correction structure - The target of wave B I expect at the 2580 - 2583 zone or the 2579 - 2600 zone this is our SELL target - After completing the target of wave B the price continues to decrease to complete wave C I expect the target to complete wave C at the price zone of 2528 - 2525 this will be our BUY target - We also have a strong support zone at the price zone of 2451 - 2448 this will be our BUY scalp zone Trading plan SELL ZONE 2580 - 2583 SL: 2590 TP1: 2570 TP2: 2562 TP3: 2551 SELL ZONE: 2597 - 2600 SL: 2607 TP1: 2590 TP2: 2579 TP3: 2562 BUY ZONE: 2551 - 2448 SL: 2561 TP1: 2562 TP2: 2570 TP3: 2579 BUY ZONE: 2528 - 2525 TP1: 2541 TP2: 2551 TP3: 2562
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 12/9/2024 will the gold price continue to decrease Looking at H1, we see a complete Elliot structure has been completed including 5 main waves and 3 abc correction waves, I used purple to symbolize on the chart - Following a complete structure is a new trend that coincides with the main trend with a 5-wave structure - Currently, we predict that wave 1 in the new trend has been completed and wave 2 is being completed - The target area of ​​wave 2 I measured at the area of ​​2508 - 2505, we will use this price area as the target to BUY up according to wave 3 - At that time, we measure the target of wave 3 at least at the area of ​​2538 - 2541 and this price area will be our Sell target to catch the wave 4 correction down - I still reserve a case that the current price wave 2 continues to adjust according to the abc structure that has not ended, then we will have a target BUY at 2494 - 2491 Trading Plan BUY ZONE: 2508 - 2505 SL: 2498 TP1: 2516 TP2: 2525 TP3: 2532 BUY ZONE: 2494 - 2491 SL: 2484 TP1: 2500 TP2: 2508 TP3: 2520 SELL ZONE: 2538 - 2541 SL: 2548 TP1: 2531 TP2: 2525 TP3: 2517
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 11/9/2024 Is the uptrend over? Looking at H1 we see that we are currently expecting a purple abc wave structure to complete - With the target of wave C I identified at the 2525 - 2528 area, this is also our sell target price area - After the end of the abc correction wave I expect a 5-wave pattern in a downtrend to complete the larger orange correction wave 2. - At that time, I measured the end target of wave 2 orange at the price zone 2477 - 2474, which is also our BUY target - There is another case where wave 2 orange has completed at the price zone 2484, when the current trend will be a 5-wave uptrend structure and currently wave 1 in the new trend has a target of 2525 - 2528, then we will wait for the downtrend correction wave 2 to complete at the target of 2501 - 2498 and this is also our BUY target - I have listed all the possible plans for the current situation and now is today's trading plan SELL ZONE: 2525 - 2528 SL: 2535 TP1: 2520 TP2: 2508 TP3: 2500 BUY ZONE: 2501 - 2498 SL: 2491 TP1: 2508 TP2: 2520 TP3: 2529 BUY ZONE: 2477- 2474 SL: 2467 TP1: 2487 TP2: 2494 TP3: 2500
OANDA:XAUUSDShort
by DEEKOP
XAUUSD 9/9/2024 Is the Downtrend Over? Looking at H1 we see a 5-wave structure has ended and then the price has decreased to the 2491 area. - Looking at the current price structure, we expect the price to create a new bullish structure larger than the current structure, which I denote as the orange structure - So with the 5-wave orange structure, we expect wave 1 to be completed - And now wave 2 I measure the target at the price zone of 2481 - 2479, this will be the target for us to BUY - I still do not rule out that the adjustment process is not yet complete because the adjustment process is only confirmed when the price surpasses 2532, so I still calculate the possibility that the price is still adjusting - At that time, the target price zone ends the adjustment at the price zone of 2435 - 2432, this will be our BUY target when the price breaks through 2471 Regarding the SELL zone, I see that there is a very large supply at the price zone of 2511 - 2514 This zone is determined by the Volume profile tool when the price touches this zone, there must be a supply absorption phase before it can continue to increase, so this will be our SELL target Trading plan BUY ZONE: 2477 - 2474 SL: 2467 TP1: 2487 TP2: 2497 TP3: 2510 BUY ZONE: 2435 - 2432 SL: 2425 TP1: 2453 TP2: 2471 TP3: 2410 SELL ZONE: 2511 - 2514 SL: 2521 TP1: 2499 TP2: 2487 TP3: 2477
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 5/9/2024 Will the uptrend continue? Looking at H1, we will see a complex correction in which the correction waves are intertwined, so I will move to the H4 time frame so that you can easily see the wave structure - Looking at H4, we have a Flat ABC correction structure, the above process looking at the present, we see that the wave has completed wave B and the current process is completing wave C. - The key to the problem is that we determine the end point of wave C to find a trading point. - Case 1: the price reaches the 2472 area and then increases sharply until now, we expect a recovery wave to the 2472 - 2469 area, then this price area will be the price area of ​​wave 2 in the new 5-wave increase structure and this is also our BUY target. - Case 2: the price continues to break 2472 to complete wave C, then the first target I aim for is the length of wave C equal to the length of wave A, then we have the first target at the 2467 - 2464 area and this is also our second BUY target area. - In the area above, I see the price area of ​​2515 - 2518 according to Volumeprofile, this area is the area where a large amount of supply was concentrated before, so when the price approaches this area, it needs to absorb all of this supply area before increasing further, so this price area continues to be our SELL target area. Trading Plan SELL ZONE: 2515 - 2518 SL: 2525 TP1: 2509 TP2: 2501 TP3: 2482 BUY ZONE: 2482 - 2479 SL: 2472 TP1: 2499 TP2: 2509 TP3: 2515 BUY ZONE: 2464 - 2467 SL: 2454 TP1: 2472 TP2: 2482 TP3: 2500
OANDA:XAUUSDLong
by DEEKOP
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XAUUSD 4/9/2024 complex correction has ended? Looking at H1, the complex correction process will create very difficult conditions for determining the specific structure of the wave. In such a situation, we will rely on the Fibonacci measure to determine the target price zones for the end of the entire correction process based on the previous up wave. - With such an approach, I will determine the target price levels for this correction downtrend. - Looking at the chart, we have a temporary 5-wave structure formed. We will rely on this combined with Fibonacci to set up trading zones - Case 1 if wave 5 has ended, then we expect the price zone 2482 - 2479 to BUY Case 2 if the price breaks below 2473, then the price zone ending wave 5 will be the price zone 2464 - 2467 - Above the strong supply zone 2510 - 2507 has not been broken yet, so this is still our target to SELL - Next is the zone 2515 - 2518, this is the strong supply zone above that we choose to place a SELL order/ Trading plan BUY ZONE: 2482 - 2479 SL: 2472 TP1: 2492 TP2: 2582 TP3: 2499 BUY ZONE: 2464 - 2467 SL: 2454 TP1: 2478 TP2: 2492 TP3: 2499 SELL ZONE: 2510 - 2507 SL: 2520 TP1: 2510 TP2: 2491 TP3: 2482 SELL ZONE: 2515 - 2518 SL: 2525 TP1: 2510 TP2: 2491 TP 3: 2482
OANDA:XAUUSDLong
by DEEKOP
XAUUSD 3/9/2024 Downtrend is over? Looking at H1 we see that the price has reached the target of wave 4 that we expected and then decreased near TP3. Once again I would like to congratulate all of us on continuing to have a big win near Full TP3. - So now the price is completing the down wave 5 to then continue to increase - Looking at the overall correction, we can easily identify that this is a complex correction with many intertwined correction structures. - In a complex correction trend, it is difficult for us to determine when the new trend starts. But with real trading, we only care about the setups that qualify for our trading, I will not try to predict each wave accurately - Currently, I expect the wave 5 target to end at the price zone of 2487 - 2484 and this is also our BUY target - Above, I see 2 large supply concentration zones, which are the 2507 - 2510 zone, this zone is the target zone last time the price just approached this zone and was pushed down very quickly, and the 2525 - 2528 zone, looking at the chart, we see that the price was pushed down very deeply after approaching this zone last Friday. and these 2 zones are also our SELL target zones BUY ZONE: 2487 - 2484 SL: 2477 TP1: 2499 TP2: 2507 TP3: 2518 BUY ZONE: 2471 - 2469 SL: 2461 TP1: 2485 TP2: 2499 TP3: 2510 SELL ZONE: 2507 - 2510 Sl: 2517 TP1: 2500 TP2: 2487 TP3: 2470 SELL ZONE: 2525 - 2528 SL: 2535 TP: 2518 TP2: 2510 TP3: 2500
OANDA:XAUUSDLong
by DEEKOP
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