#xauusd #elliottwave long buy setup wave 5 18Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
XAUUSDK trade ideas
XAUUSD continues to move downward after a significant rejection Let's see if XAUUSD continues to move downward after a significant rejection from the $2,700 level. For this trade, our longest take-profit target is at $2,625, with a stop-loss placed above the resistance level at around $2,730. This is purely my analysis and not financial advice—you are not obligated to follow it.
xauusd sell tradexauusd reacting good to the 1hr supply
and also has a break and retest setup to the downside.
let see how it goes.
12.18 Gold shock revision BUYGold rebounded slightly yesterday, with a small cross positive line on the daily line.
1. After bottoming out and rebounding in the morning, it started to rise from 2650 in the afternoon.
2662-3 is the 382 position of the rebound from Friday's decline, and 2664 is the continued decline, so it is the key resistance level.
The two watersheds are very clear, one is the low point of 2643, and the other is the European session time point. Therefore, the 2650 line was chosen to bet on the rebound.
2. The 2662-4 line, the evening retracement, the formula emphasizes that the European session opened a decline in the morning, oscillated, especially the rebound from 6-8 o'clock, so in this process, the price did not break through from 8-10 o'clock, and it has been sideways, so the probability of a retracement in the US session is very high.
3. The 2650-1 line, yesterday's intraday rise and retracement to the 618 position, the standard 618 in the oscillation is better to make a mistake than to let it go.
Although the 618 position was touched yesterday or sideways this morning, the strength of the pullback is not large, but it is still a sign of oscillation.
Today, it is quite controversial. The daily small cross positive line, according to the previous rhythm, the daily positive line is a continuous positive line, so we still need to see a rebound.
The cross K is also the transit point of the short-term decline, so the European session time is very important.
The watershed 2643 is also very important, which is the key to see whether it will continue to fall.
From the operation point of view, in the morning at 618, the 4-hour is still more, 2651-2 is more, if you don’t participate before 7-8 in the morning, you won’t participate in the second time.
Today, we really need to observe the strength and weakness of the day.
Look at the rhythm of the day’s operation and the layout of the US market.
1. Break 2643 during the day, the US market will pull back and empty, and the support level is 2630-32.
2. If it continues to rise during the day, the daily line is likely to go through a cycle of continuous positive rebound. Today, we will see a pullback of 618. If it is touched, you can short. You can’t double top short.
Intraday short-term operation suggestions:
BUY: 2640, defense 30, target 55-60
Xauusd buy Following Monday's shallow recovery attempt, Gold remains under modest bearish pressure and trades below $2,650 on Tuesday. Growing expectations for a less dovish Fed outlook and elevated US bond yields weigh on XAU/USD ahead of the last FOMC meeting of the year.
Gold now buy 2634
Support 2643
Support 2655
$XAUUSD: Convergence of Fibonacci Levels & Bullish PatternsPEPPERSTONE:XAUUSD Analysis:
After the drop below the neckline and established support at $2674, we anticipated a decline that could reach $2639. This represents the 200% Fibonacci extension and is the default target for the head and shoulders pattern formed above support.
We also anticipated the formation of a bullish crab pattern that could appear at $2642, slightly above the default target zone for the head and shoulders, and upon further analysis of lower timeframes, we also identified the formation of a bullish butterfly pattern today at $2637, below the previously mentioned levels.
We are therefore in a convergence zone between Fibonacci levels, with the formation of new patterns that could favor a potential recovery attempt from the recent decline.
The default target for the bullish crab pattern (higher degree) is projected at $2668.
Note : A price drop below the most recent support could invalidate this pattern.
XAUUSD Revision Wednesday, 18 December 2024Hello Nation!
This is my first post. My intention here is just spend some time to look back at what Gold did today. I will try very best to do this repeated daily.
Firstly, i am scalper. I trade using SNR and breakouts method. I would also plan my trades from higher timeframes. But this ‘Revision’ I will just focus on H1 and M15. I am just be sharing my views on what had happened and how i could have navigated the markets with my entries.
Let’s start from the market open at 2651. Price went bullish touching the H1 SBR area. It respected that area and pushes down towards the H1 Support.
A Strong Bullish reaction from the H1 support, Price return to M15 Box area which i had marked.
For me, A rejection from the m15 box is a hint for sell. Usually M1, will be my entry Timeframe. But as i had mentioned, i will only focus on H1 and M15 here.
I had marked my 1st sell Position. Risk 30 Pips, TP 100 Pips.
Moving down further, the previous H1 support was broken and it became a possible Resistance.
Again, I marked the m15 SBR with a box. Wait for price to return into the box area.
Similarly like the Previous Sell entry, several rejections can be spotted which can be a strong hint for a sell entry.
I had mark the 2nd Sell Position for you to see clearly. Risk 30 PiPs and TP 100 Pips.
To conclude, Gold was a beautiful Sell today. I hope you did well for yourself today. Maybe in writing these notes, i get to revise and also improve myself as a trader.
Thank you for reading! And Goodbye.
XAUUSD - 1H 3rd Bearish LegAfter breaking the bearish flag and completing a pullback, Gold can fall further.
Targets are below $2640.
Check the previous idea – spot on!
Stick to this setup for the next leg down! 📉 OANDA:XAUUSD
SCALPING ! XAU ! retest 2646 entry SELL SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Monday’s data revealed that a significant portion of the US economy grew at its fastest pace in over three years. The S&P Global flash US Services PMI climbed from 56.1 to 58.5 in December, marking a 38-month high.
Additionally, the Composite PMI rose to 56.6 in December, up from 54.9 in November, reaching its highest level in 33 months. This strong performance overshadowed a decline in the flash US Manufacturing PMI, which fell to a three-month low of 48.3. The data reinforced expectations that the Federal Reserve may take a less dovish approach moving forward.
⭐️Personal comments NOVA:
Bears dominate - short-term selling pressure before the US session, waiting for a retest of the SELL entry
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2645 - $2647 SL $2650 scalping
TP1: $2640
TP2: $2635
TP3: $2630
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLDGOLD FINAL CHART ,we at shavyfxhub will wait for demand floor touch and buy as gold is still bullish on daily timeframe.
GOLD FURTHER SELL OFF?! (UPDATE)Gold has been dropping further down this morning, creating a new weekly low. We are now in the lower bound of the channel again & pretty much close to completion of the 'Flat Correction' wave. Wave 3 in full effect now📉
#xauusd #elliottwave long buy setup wave 5 of 3 16Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Gold Buy setupI think this area can be a good one to set an order. Please consider the risk management.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
XAUUSD 15/12/24Coming into this week, we are observing a clear shift in market bias that occurred at the end of last week, transitioning from bearish to bullish. After running the highs and selling off, we are now looking to run the lows and then buy back into the same highs. This setup could shape up to be a strong week for longs in gold, potentially leading to a clean bull run as Christmas approaches and the market slows down.
Based on the content shown on our charts, we can see there was "money out" within our supply zone, which triggered the previous downward shift. Now, we are looking for "money in" within our entry timeframe, which is the 15-minute chart. Watch for a clear entry around the lows. Additionally, there is liquidity above the current highs, which could fuel the next upside move.
Trade safely and stick to your plan.
Today's trading range is 2643~2664Gold closed higher on the daily chart, but the price still closed below the MA10 daily average of 2660. The RS1 indicator was adjusted at the middle axis, and the daily Bollinger Bands gradually narrowed. The short-term four-hour chart fell into a shock adjustment around the 43/64 range, and the moving average closed. The hourly chart Bollinger Bands closed, and short-term trading was still the main focus during the day, with shocks and sideways trading!
Gold was still in a shock repair market yesterday, but it eventually fell under pressure. Gold was still in a bearish shock overall, and the rebound was still an opportunity to continue to be short!
The gold 1-hour moving average was still a dead cross downward short arrangement, and the gold adjustment has not ended. Gold fell under pressure at 2665 yesterday, indicating that gold is still in a strong resistance zone above 2660, and it is still selling at highs under pressure at 2665.
First support: 2648, second support: 2643, third support: 2631
First resistance: 2660, second resistance: 2667, third resistance: 2678
Is XAUUSD still bearish?As have discussed in our Multitime frame detailed analysis that after the broke of 2665-2670 support area market in in rangbound from 2660-2630 area.
What possible scenario do we have?
we can expect the market to retest that 2660 level before futher downward movement .
On the other hand if market breaks the 2660 again and gives the H4 candle closes above our bearish charts will be invaild.
More important market was stucked 2 weeks in this zone 2660-2630.
If the 2630 breaks then we have proper bearish trend which i mentioned in my video analysis.
Furthermore, im expecting that market will test the 2605 then 2580 benchmark.
12.17 Gold Short-term Operation Analysis SELLGold was still fluctuating and repairing yesterday, but it eventually fell under pressure. Gold was still fluctuating with a short side. Rebounds are still opportunities to continue to short. Gold is still short at the current price of 2656 in the early trading!
The 1-hour moving average of gold is still a short arrangement with a death cross downward. The adjustment of gold has not ended. Gold fell under pressure at 2665 yesterday, indicating that gold is still in a strong resistance zone above 2660. It is still short at highs under pressure at 2665 in the Asian session. It can also be shorted near 2656 in the Asian session.
Gold is fluctuating and urgently needs to choose a direction. Of course, it is now a fluctuating relay of the decline, so it is still short at highs. The focus of this week is the Federal Reserve’s interest rate decision waiting to be launched, which is also the battle between the long and short positions of gold. Whether the gold bulls can turn the tide depends on the impact of the data.
Of course, if gold does not break a new low for a long time, it is not ruled out that gold has the possibility of short-term bottoming, so it is time to be flexible at any time.
Asian trading strategy:
Short gold at 2656, stop loss at 2666, target at 2640-2635
Gold Trade SetupGold price was breaking H4 Trendline.
theres a Quasimodo SELL on m5 timeframe Today that works well.
now its retesting very good demand zone.
the idea is buy from demand zone with Take Profits 1:3 RR as shown on the chart image.
XAU/USD Strategy: Selling Rallies Amid Bearish StructureIn my analysis of XAU/USD yesterday, I highlighted that after the 800-pip drop, a rebound was likely. However, given the weekly Pin Bar and the bearish daily structure, I emphasized that any upward move should be viewed as a correction and an opportunity to sell.
Indeed, the market did see a rebound, but it was weak and short-lived. After reaching the 2665 zone, the price reversed to the downside and ended the day with minimal change.
Currently, the price sits at 2652, with the recent lows now acting as confluent support, reinforced by the rising trendline from the recent bottom. A decisive break below this support zone would shift focus to the next key level at 2610-2615.
My strategy remains unchanged: I continue to look for selling opportunities on rallies.
ChatGPT Trade Analysis for Gold Spot (XAUUSD)Trade Analysis for Gold Spot (XAUUSD)
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This chart integrates Ichimoku Cloud and MACD indicators alongside previously defined target, entry, and stop-loss levels.
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Observations and Analysis
1. Ichimoku Cloud Analysis:
Price Position: The price is currently around 2,655, and it is inside or slightly above the Ichimoku cloud.
If price stays above the cloud, it signals a bullish continuation.
If price falls below the cloud, bearish momentum may dominate.
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2. MACD Indicator:
MACD lines are oscillating near the 0 level, indicating indecision in the market.
A potential crossover upwards would confirm bullish momentum for upward movement toward the 2,789 target.
Watch for any bearish crossover as it may indicate price weakness.
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3. Support and Resistance:
Target Resistance: 2,789.185 (Green Line) remains the target.
Key Support Levels:
First support at 2,437.858 (Black Line, Fibonacci 0.382).
Major support zones between 2,271–2,220 (Stop-Loss levels in Red).
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4. Price Action Analysis:
The previous upward trend has shown a slight pullback, but the bullish structure remains intact as long as price holds above key supports.
Black Entry Zones around 2,520–2,600 are still valid for positioning, but caution is needed if price enters the Ichimoku cloud or loses momentum.
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Entry Points:
Enter positions near 2,520 and 2,600 if bullish signs appear (e.g., MACD crossover or Ichimoku breakout).
Stop-Loss:
Place stops below 2,271 or at 2,220.
Target:
2,789 remains the profit target (Green Line).
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Key Notes
If price breaks below the Ichimoku cloud, it could invalidate the bullish setup and signal a deeper correction.
A bullish MACD crossover will reinforce this setup and indicate upward momentum.
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Conclusion
The analysis remains consistent with the prior setup. The Ichimoku cloud adds confirmation for trend direction, and MACD is critical for identifying momentum. Monitor price behavior near entry zones and Ichimoku levels for a high-probability trade.
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders, what do you think about this chart share your opinion in the comment section.
current price: 2647
2647 is a supporting point for a bullish movement, from this position markets target will go up and its target will be 2664 and 2675. currently market is creating a strong base for buyers to take action.
key points:
demand zone: 2664, 2675
supporting area: 2643, 2640
kindly like, comment and follow. thanks for your support
Gold trading opportunities : 17-Dec-2024Unlock Gold trading opportunities with our daily zones. Learn to identify potential entry points.
