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Xauusdwave

XAUUSD June 10, 2024 Opportunity after a sharp decline?Last week we saw a sharp decline on Friday due to news that China stopped buying gold reserves and the Nonfarm index was good for the USD. Seen from Elliot's perspective - We have wave 4 completed at the price range of 2386, then wave 5 continues to move in a downtrend. - We see a sharp move of wave 5 so this is likely wave 3 within wave 5 (Wave 5 inside it is a small 5 wave structure 1 2 3 4 5) - So in order for wave 5 to complete, we need a correction of wave 4 in the big wave 5 - We have 2 adjustment targets: 2 price zones 2309 and 2321 - After completing the correction wave, the price will continue to decrease to complete wave 5 - We have wave 5 targets of 2 areas 2264 and 2229 - For now, looking at the H4 momentum indicator, it is in the oversold area, so the immediate selling force has temporarily weakened. It is possible that the next adjustment will be to the target areas above. - We will observe the important price zones above to look for transactions Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD June 11, 2024 waiting for an opportunity to buy up?This week we have important news: CPI news. Last week's Nofarm newsletter provided indicators that allow the Fed to continue maintaining monetary policy as rising employment data gives the Fed confidence that people can still withstand tightening monetary policy. But with other recent data, the US economy is clearly being adversely affected by the Fed's monetary policy. On Wednesday, CPI news will be released and will clearly show us the Fed's trend in the near future. When the forecasted indicators are very positive for the Fed's work to control inflation. If the news is announced as expected, it could be a signal for the Fed to loosen its monetary policy. Looking at H4, we see the recovery after the sharp decline last week, signaling that wave 4 is forming. - Looking at the corrective wave structure, we see that there have been 3 corrective waves a b c and the current position of wave c has also reached the target area that we predicted the day before. - It is possible that wave C in the corrective structure or wave 4 as shown on the chart has now formed and we expect wave 5 to continue the downtrend. - Looking at the momentum of the H4 frame, we see that the H4 momentum has reversed to decrease in the overbought area, this reinforces the upcoming decline. - We measure the end target of wave 5 ending at 2 price target areas: area 2264 and area 2229. In the immediate future, we can look for sell down orders When the price continues to target wave 5, which is 2264 or 2229, we look for buy orders. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD June 7, 2024 before important Non Farm newsToday we will have information about the Non Farm index published. From Non Farm ADP data US ADP employment rose 152,000 in May, less than the gain in April. It was below market expectations and hit a three-month low. Additionally, April data has been revised downward. Employment in the goods-producing sector increased by just 3,000, down significantly from 47,000 the previous month. The services sector increased by 149,000 jobs, of which 55,000 came from trade, logistics and utilities, but the number of jobs in the information industry continued to decrease by 7,000. We realize that the US labor market is weakening, because ADP is the index used to predict official Nonfarm, so today's index will be very important for the upcoming gold trend. Many indicators published during this time signaled that the US economy was weakening due to the impact of the FED's tightening monetary policy to reduce inflation. This will be one of the important conditions for the Fed to loosen monetary policy in the coming time. Looking at H1 we see that a small wave 1 2 3 4 5 is about to complete. Wave 3 target has been completed and currently the price is completing waves 4 and 5. - We measure the target of wave 5 at the price range of 2390 and 2413 - After the price completes wave 5, the next wave will be the abc correction - We will monitor Take Profit with purchased transactions at the price range we have previously given such as area 2317 and area 2354. - Short-term sell orders can be initiated at this target price range of 2390 or 2413. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
OANDA:XAUUSD
by DEEKOP
2
XAUUSD May 22, 2024 Is the current correction over?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Yesterday there were many statements from members of the Fed 1. Fed's Jefferson says it's too early to know whether deflation will last. 2. Fed's Mester says economic conditions do not support three rate cuts. 3. Fed's Bostic expects only one rate cut this year. The main content is to maintain the increase in interest rates. This information continues to support the current adjustment period Looking at the H1 chart we see - The current correction process is likely to be an abcde triangle correction wave model. - This process is likely entering the final stage of the correction. Looking at the price model, we wait for wave e to form to end the correction. - The correction process is confirmed to be completed when the price breaks through the peak of wave d (2433.8), then the price continues to increase to the target of 2500 Trading plan If price stays above 2406 we have a good buying zone at 2408 If the price breaks down to 2406 we have a good buying zone at 2401 Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
OANDA:XAUUSDLong
by DEEKOP
Gold fell and broke through, continue to be bearish on gold After gold rebounded and came under pressure at 2350 resistance, it fell directly, and then fell below a new low. Gold broke through and fell, and short-term bulls were weak. The 30-minute moving average of gold has formed a dead cross downward short position. The 30-minute gold has formed a downward trend. It has rebounded weakly along the downward trend line. Now the resistance of the downward trend line is just around 2341.
TVC:GOLDShort
by Donald-king
26/3. Risk aversion has cooled, will gold fall sharply? News: The United Nations Security Council passed a resolution clearly calling for an immediate ceasefire in Gaza and the release of all hostages. Demands an immediate ceasefire during the Muslim fasting month of Ramadan, which ends in two weeks, and the release of all hostages held by Hamas in an attack on southern Israel on October 7 last year. The deadline ends on April 9 Gold has retreated due to the impact of geopolitics. The lowest level reached 2167. After the start of the Asian session, gold prices continued to impact upward. This proves that the bullish trend in the market is still relatively strong. Currently located at the 2172 line. On the other hand, the U.S. dollar fluctuated and fell from highs. The largest hedge funds may also abandon the United States and invest in Europe. It has also been pointed out that the US dollar is overvalued. The U.S. dollar index is currently above 104. Although the short-term ceasefire in Gaza has reduced risk aversion for gold. Not conducive to rising gold prices. But the overvaluation of the U.S. dollar is undoubtedly a support for gold. Technically, gold has shown a bullish trend. Although there is no news boost, technical support is still strong. Observe the 2165-2162 line below. If the upper position stabilizes at 2175, then the probability of rising to above 2183 is very high. Of course, this also requires the U.S. dollar to take advantage of the trend. In terms of trading, buying low is still the main trend today. The entire transaction is based on actual conditions. 2169-2166 buy TP2177-2183 SL2159 Transactions are for reference only. If you have any questions please leave me a message. Like following live trading signals. Remember to stay tuned.
TVC:GOLDLong
by AA_Jack
Fed economic data flow chartThe private intake expenditures (PCE) fee index, which the Fed makes use of to set its 2% inflation target, rose at a 2.5% annual price in February, up from 2.4% visible in January. Core inflation, which strips out risky meals and electricity prices, rose 2.8%, down barely from a revised 2.9% boom in January. Neither parent is possibly to reinforce growth. boosted Fed policymakers` self belief that inflation will steadily go back to their target. The customer fee index (CPI) rose 3.2% yr-on-yr in February, up from 3.1% the preceding month and better than analysts expected. Meanwhile, the benchmark hobby price with the exception of meals and electricity fees best fell to 3.8% from 3.9%, some other reminder that the Fed's inflation strugglefare ought to closing longer than expected. guess. Rising fuel and housing fees contributed in large part to the boom in CPI. Whether the Fed's hopes of constantly lowering housing fees is forthcoming stays uncertain.
OANDA:XAUUSDShort
by MrTrongVo
Profited 17K from short gold, and continue to short goldToday’s gold trading situation is as follows: 1.Xauusd: @2256-2258 Sell, SL:2266, profit and loss: -4000 2.Xauusd: @2263-2265 Sell, TP:2255 Profit and loss: +5532 3.Xauusd: @2273-2275 Sell, TP:2255 Profit and loss: +7184 4.Xauusd: @2276-2278 Sell, TP:2255 Profit and loss: +8520 In gold trading today, although one of them touched SL: 2266 resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold trading. If you follow my trading strategy, I believe you will also make very good profits. At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become a phased peak. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2270-2280 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDShort
by Trader_Manuel
1
Gold builds a double top structure, short gold!Dear friends, due to the escalation of the geopolitical conflict in the Middle East due to the Israeli air attack on the Iranian consulate, gold rose for a time and once again set a new historical high. The current maximum has reached around 2267. Judging from the current trend of gold, the position of 2267 is very extreme, because from a technical perspective, this position should be a stage high point, but stimulated by the news, there is still a probability of refreshing this position. However, one thing that is certain is that I will definitely not chase long gold above 2260, even if gold really continues to rise. Because 2267 is actually a dangerous zone for me. From the perspective of gold structure, gold may reach the top in the 2265-2268 area many times to form a top structure, and then gold is likely to start falling from there. From a structural point of view, I predict that the highest position of the top of gold can reach around 2278, almost close to 2280. So in terms of trading, first of all, I do not recommend chasing long gold above 2260; secondly, you can try to short gold in small batches in the 2263-2265 area. If it remains relatively stable, you can also wait for gold to rise to the 2275-2280 area before shorting gold. . I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDShort
by Trader_Manuel
2
27/3. Will gold prices drop significantly? No, it will continue 26/3. The trend of gold is very science fiction. Like a roller coaster. When it went up, it killed the short sellers. When it fell, it killed the bulls. Dual phase harvester. But I made some profits in both directions yesterday. Friends who are paying attention know it. Yesterday, the gold market once again shot up to 2200 points and then fell back quickly. The reason is a boost in risk aversion. USD pullback. and ECB talk. It gave gold a big boost. However, gold did not stabilize when it rose to 2200, but fell back quickly. It closed near 2177. There is no particularly big trend at the beginning of today's Asian game. Maintained within a narrow range around 2177. Observed at the daily level, the market is still consolidating at a high level. Observing the hourly line, gold bulls are eager to try. Want to continue to rise. I am more optimistic about the continued rise of gold. News: The Gaza ceasefire agreement is like a bomb, which may explode at any time and increase risk aversion. This keeps the lower support at 2165-2171. Personally, I prefer to buy during day trading. XUAUSD:2172-2174 BUY TP:2186 SL:2163 Remember to close the order in time to make profits when operating.
OANDA:XAUUSDLong
by T0_messenger
Gold will also test the 2180 area, don’t rush to chase long goldDear friends, there must be only one question for everyone now, and that is, will gold continue to fall? I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only touched around the 2184 position during the decline. I think the gold's step back is not in place, so gold still needs to continue to step back. I think it will at least test around the 2180 position again. So I think gold still needs to continue to adjust. Of course, we still hold a short position in gold and are still making good profits overall. If you follow my trading strategy, I believe you will also have good profits like me. We can continue to hold it and wait for gold's deep correction, so that our profits will be better! I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDShort
by Trader_Manuel
4
The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action. At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage. Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
TVC:GOLDLong
by AA_Jack
Must check before the US market opens. Otherwise you will regret Gold rallied on the weekend's positive news. Gold prices continued to strengthen after opening in Asia. Attentive friends will find that Morgan Jack has explained it in advance yesterday. The highest impact reached a position near 2178, but it quickly fell back before stabilizing. It is still two dollars away from my expected 2180. Even so, buying is still a good profit. After the stochastic European market started, gold continued to fall under pressure. This shows that the bearish pressure on the market is still very huge. And the U.S. dollar barely moved much. It's just a one-sided rise in risk aversion. After the impact of the weekend news, I think gold prices will continue to show a downward trend in search of lows. Therefore, in terms of trading, Morgan Jack believes that the US market is focused on selling gold at a higher price. Additional operating instructions at the bottom. Related references: OANDA:XAUUSD TVC:GOLD MCX:GOLD1! The trend of the US dollar on Monday was still relatively strong and fluctuated around 104.3. Morgan Jack said this on Sunday, and you can see it in conjunction with the picture below: When the news surface no longer exists. The US dollar is in an uptrend on both the 1-hour and 4-hour charts. Regardless of whether the economic recovery is real or fake. The market already has this trend. Let’s talk about the news again. Fed officials have said they expect one rate cut this year and three earlier. Based on the combination of trends and news, the US dollar is expected to continue to be boosted and rise higher in the US market on 25/3. Relevant references: TVC:DXY CAPITALCOM:DXY ICEUS:DXY INDEX:DXY Gold Price Trading: Sell at 2171-2179 tp2157-2160 sl2186 Transactions are risky, so please be cautious!
TVC:DXYShort
by AA_Jack