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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

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XAUUSDK trade ideas

Will gold continue to rise to 3280-3330 today?Hello everyone. Let's discuss the trend of gold this week. Today, Moody's downgraded the US sovereign credit rating from AAA to Aa1 on the grounds of "debt surge and fiscal out of control", ending the US's last "top credit" title among the three major rating agencies. Due to this influence, gold opened sharply higher today, Monday, and the highest so far is around 3250. Here is the 1-hour chart: If gold can continue to rush above 3250 in the short term, then we will see 3280-3300 later. The high point of 3250 may be broken at any time. For now, I think that as long as gold is above 3200 today, gold will continue to rise. So, if you do it in the short term, you can buy in the 3200-3220 range, with 3200 below as defense, and as long as the upper target stands firm at 3250, you can continue to see the 3280-3300-3330 range.
OANDA:XAUUSDLong
by AmandaLaw
1
Gold Price Targets Fresh GainsGold Price Targets Fresh Gains Gold price started a fresh increase above the $3,210 resistance level. Important Takeaways for Gold Price Analysis Today - Gold price started a steady increase from the $3,120 zone against the US Dollar. - A connecting bullish trend line is forming with support at $3,210 on the hourly chart of gold at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price found support near the $3,120 zone. The price formed a base and started a fresh increase above the $3,150 level. The bulls cleared the $3,200 zone and the 50-hour simple moving average. There was also a spike above the 50% Fib retracement level of the downward move from the $3,347 swing high to the $3,120 low. The RSI is now above 50 and the price could aim for more gains. Immediate resistance is near the 61.8% Fib retracement level of the downward move from the $3,347 swing high to the $3,120 low at $3,260. The next major resistance is near the $3,295 level. An upside break above the $3,295 resistance could send Gold price toward $3,350. Any more gains may perhaps set the pace for an increase toward the $3,385 level. Initial support on the downside is near the $3,210 zone. There is also a connecting bullish trend line forming with support at $3,210. If there is a downside break below the $3,210 support, the price might decline further. In the stated case, the price might drop toward the $3,155 support. The next major support sits at $3,120. Any more losses might send the price toward the $3,060 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
1
XAUUSD at Key Resistance – Breakout or Rejection?Gold is moving within the range at the moment and trying to break 3320. The price bounced from the higher low and is currently testing a key resistance zone around 3320. While the pair remains within the broader upward channel, early signs of rejection could trigger a pullback toward the support level. For bulls to maintain momentum, a clear breakout and hold above the descending trendline is essential. Failure to do so would confirm another lower high, increasing the likelihood of further downside. Most Watchable areas: $3320-3330 and $3293-$3305 Proper break above $3330 can open the door to $3360 and if it will be rejected from this area then Sell will be triggered with target of 3230. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XAUUSDShort
by SibiSh
2
Gold - This is still clearly not over!Gold - TVC:GOLD - just needs a moment to breathe: (click chart above to see the in depth analysis👆🏻) It is just incredible how Gold has been rallying lately. Just over the past 1.5 years, Gold is up another +80% and is creating new all time highs every month. Since these strong rallies continue a lot longer than most people think, Gold still has significant upside potential. Levels to watch: $3.500, $4.000 Keep your long term vision! Philip (BasicTrading)
TVC:GOLDLong
by basictradingtv
11
XAU/USD: Awaiting clarification of the European session trend.After a significant rebound yesterday, the market showed a cyclical decline in early trading today, with no clear tradable pattern emerging yet. The current price is in a stalemate zone between bulls and bears, and two-way operations carry high risks. It is recommended to closely monitor the trend in the European session. Wait until the European session clarifies whether the market will continue the downward trend or rebound further, and then follow the trend during the US session. From a technical analysis perspective, yesterday's upward movement is more inclined to be a washing-out phase rather than a signal indicating the start of a gold bull market. Please be patient and wait for the market to clear up, and do not trade aggressively during this period. Always maintain a cautious attitude. We will continue to monitor the market and keep updating trading strategies. I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
FOREXCOM:XAUUSD
by H_C_01
1
DeGRAM | GOLD reached the lower boundary of the channel📊 Technical Analysis ● Price twice tagged the channel base (LBs) and printed a bullish engulfing, showing demand at 3 100; RSI divergence adds reversal weight. ● A reclaim of the inner blue trend-line sets a break-retest pattern; clearing 3 200 exposes the mid-band / prior LH near 3 350. 💡 Fundamental Analysis ● US CPI eased to 0.2 % m/m and Fed funds futures pulled the first-cut odds forward to September, slipping real yields and the USD. ● China added gold for a 19-month streak in April, while Middle-East tensions revived safe-haven bids. ✨ Summary Channel-floor double bottom + softer US data and ongoing official buying favour longs: accumulate > 3 150, objectives 3 200 → 3 350; exit on a close below 3 100. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDLong
by DeGRAM
2
Gold Retests Broken Resistance – Is the PRZ Next?As I expected in the previous IDEA , Gold ( OANDA:XAUUSD ) managed to break the Resistance zone($3,280-$3,245) and touched the first target . Gold appears to be completing a pullback to the Resistance zone($3,280-$3,245) . On my chart , the Resistance zone($3,280-$3,245) is currently labeled Support zone($3,280-$3,245) . I expect Gold to move towards the Potential Reversal Zone(PRZ) and Resistance lines after the pullback is completed . Note: If Gold touches $3,243 , we should expect a drop. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
1
Gold Intraday Trading Plan 5/20/2025Gold did move up to 3247 resistance but failed to break it yesterday. Price has hit the resistance for 4 times and gave a rising triangle pattern. It seems the market is pressing toward breaking the resistance. I also identified the trend line as shown in the chart. As long as the trend line is valid, gold should stay bullish. I am looking to buy when 3252 is broken. Targeting 3310. However, if the trend line is broken, the setup is invalid.
CAPITALCOM:GOLDLong
by SteadyFund
1
XAU/USD adding confirmation to the bullish outlookPattern Identified: Inverse Head and Shoulders Left Shoulder: Marked on the left with a price dip followed by a recovery. Head: A deeper dip forms the lowest point in the pattern. Right Shoulder: A smaller dip that mirrors the left shoulder, indicating the pattern's completion. Neckline (Resistance): The green horizontal zone marked as resistance connects the highs between the shoulders and head. A breakout above this level confirms the reversal. Breakout Strategy: Entry Zone: Around 3,304.82, just above the neckline, signaling the breakout entry. Stop Loss Zone: Below the red shaded support area, around 3,218.65, to protect against a false breakout. Target Zone: Projected around 3,446.27 – 3,520.00, aligned with the expected height of the inverse head and shoulders formation. Indicators & Tools Used: Ichimoku Cloud: Shows past bearish momentum but recent price action is breaking above the cloud, adding confirmation to the bullish outlook. Support Zone: A strong support base is marked in red, acting as the floor for the pattern and prior accumulation zone. Trend Channel (Left): A bullish channel in early April supports the historical strength in price action before the head formation. Trade Outlook: Bias: Bullish Signal Confirmation: Break above the neckline with volume (not shown but typically checked in execution) Risk-to-Reward Ratio: Favorable, with a clearly defined stop loss and a high potential target area.
TVC:GOLDLong
by Johnson67
1
XAUUSD GOLD Just Grabbed liquidity Below a key low analysis Full Guide: How to Use COT Data for Trading XAUUSD (Gold) 1. What is COT Data? The Commitment of Traders (COT) report is a weekly publication by the Commodity Futures Trading Commission (CFTC). It shows the aggregate positioning of different types of traders in the futures markets. For XAUUSD (Gold), you’ll look at the Gold futures (COMEX) section. 2. Key Trader Categories in COT Report 1. Commercials (Hedgers): Typically big institutions or producers like mining companies. They use futures to hedge exposure, not speculate. Usually short during rallies and long when price is low. 2. Non-Commercials (Large Speculators): Hedge funds, money managers. Considered the "smart money." Full Guide: How to Use COT Data for Trading XAUUSD (Gold) 1. What is COT Data? The Commitment of Traders (COT) report is a weekly publication by the Commodity Futures Trading Commission (CFTC). It shows the aggregate positioning of different types of traders in the futures markets. For XAUUSD (Gold), you’ll look at the Gold futures (COMEX) section. --- 2. Key Trader Categories in COT Report 1. Commercials (Hedgers): Typically big institutions or producers like mining companies. They use futures to hedge exposure, not speculate. Usually short during rallies and long when price is low. 2. Non-Commercials (Large Speculators): Hedge funds, money managers. Considered the "smart money." Follow trends and often drive major moves. 3. Nonreportables (Retail/Small Traders): Smaller traders, often contrarian indicators. Not always consistent with price direction. --- 3. Where to Find COT Data CFTC Website Tools like: Tradingster.com BarChart.com COTbase.com Look for "Legacy" or "Disaggregated" COT reports for Gold - COMEX. --- 4. How to Read the COT Data for Gold Key Metrics: Longs/Shorts: Number of contracts held. Net Positions: Longs minus Shorts.Changes WoW: Increase/decrease in positions compared to the prior week. Example Insight: If Non-Commercials are heavily net long, and reaching historical highs, market may be overbought. If Commercials increase shorts significantly, they may be preparing for a price decline. A divergence between price action and COT data often signals potential reversal. --- 5. Using COT for Gold Trading (XAUUSD)A. Trend Confirmation Rising net long positions by non-commercials = bullish confirmation. Decreasing net long or rising shorts = weakening trend or reversal. B. Reversal Spotting Extremes in positioning (e.g., record longs by speculators) often precede reversals. Look for non-commercials reducing longs while commercials increase shorts—potential top. C. Liquidity Grabs and COT If gold grabs liquidity (stop hunts) and COT shows heavy speculative positioning, that could be a smart money trap. A strong bullish reversal after liquidity grab with increasing net longs confirms a momentum shift. --- 6. How to Combine COT with Technical Analysis Use COT to validate or question what you see on the chart. Example Setup: Chart: Gold drops below key support (liquidity grab). COT: Non-commercials increase longs that week. Conclusion: Smart money bought the dip — potential for bullish reversal. Combine with: Market structure Volume Sentiment tools Price action (e.g., bullish engulfing, break of structure) --- 7. Limitations and Tips Lagging Data: COT is released every Friday for data on Tuesday. Use it for context and macro positioning, not for intraday trades. Look at weekly or monthly trends, not daily. Best used alongside price action and other confirmation signals. --- Conclusion COT data is a powerful tool for understanding who is behind the move in gold. By tracking the positioning of major players, you can: Confirm trends Spot early signs of reversal Align your trades with institutional momentum
OANDA:XAUUSDLong
by SadarExplore
1
Gold forecast for next week Before the fishermen went out to sea, they didn't know where the fish were? But they still chose to go because they believed they would return with a full load. When you invest, you don't know whether you can make a profit, but you still need to try. Success is not something that will happen in the future, but from the moment you choose and decide to do it, you will gain something if you insist on believing. The same is true for gold investment. You may still be losing money at the moment, but as long as you find me, all losses will be solved! Views on the trend of gold next week! Gold continued its downward trend on Friday. In the morning, there was another long-short wash and returned to the 3200 mark. The daily line closed with a small negative line. Then we have to consider a problem now, that is, whether the daily line will form a continuous decline. In the daily rhythm, we can see that the position of the high point has been declining, which means that after the top resistance level of the three-point line is blocked, it is easy to form a secondary turning point of the trend downward, which means that next week we still have to look at the retracement. As for the future market direction, the short-term bearish trend will continue to be the theme! On the whole, the gold price rebounded in 4 hours and made a backtest. If the rebound does not break the resistance, it will continue to fall, and the direction of the decline will continue! After the short turning point turned downward from the high point, the current short trend is still extending downward, that is to say, before the short reaches the key node and the long builds a bottom, the rebound is still the main rhythm! Gold: Enter short orders near 3212 next week, defend 22, and target 3180-60!
TVC:GOLDShort
by Yuliya1l11
1
Geopolitical conflicts dominate gold price fluctuationsFrom a technical perspective, gold closed with a long lower shadow last week, indicating strong support from below. It opened higher on Monday to around $3,252 before falling back, entering a short-term consolidation phase, but the $3,200 integer mark was lost and regained. The daily level stood firmly on the 60-day moving average, and the Bollinger Bands closed, indicating that the market is accumulating upward momentum. Gold is generally bullish this week, with an upper target of $3,280; if it breaks through this resistance level, it may fill the previous gap and further test $3,350 or even $3,400. Gold's 1-hour K-line shows that gold has bottomed out and rebounded, recovering the losses of last Friday, and is currently close to the upper track of the Bollinger Band. Technical indicators show that there is an obvious bottoming signal below, and there is still room for growth. However, before effectively breaking through $3,280, it is difficult for gold to form a unilateral upward trend. Therefore, this week's operation is considered to be divided into two stages: below $3,280, it is treated as a volatile upward trend, and after breaking through, it will turn into a unilateral upward trend. For gold's short-term operation strategy today, it is recommended to focus on low-level longs and rebound high-level shorts. The short-term focus on the upper resistance of 3250-3260 is 3250-3260, and the short-term focus on the lower support of 3115-3105 is 3115-3105. Operation strategy: 1. Gold is recommended to go long in the 3220-3215 area, with a stop loss at 3207 and a target of 3230-3240 2. Gold is recommended to go short in the 3250-3255 area, with a stop loss at 3263 and a target of 3235-3225
OANDA:XAUUSDLong
by pcesfj
1
XAUUSD DAILY PLAN UPDATE – MAY 19-20, 2025“We don’t redraw zones. We validate their power.” Chart: ✅ Full SMC + Imbalance + Macro flow (no guesswork) 📍 STRUCTURE FOLLOW-UP FROM YESTERDAY Price respected the key mapped zones with surgical precision: ✅ Confirmed reaction from "LTF FVG + Unmitigated OB": Price tapped this zone and has been coiling since, showing hesitation near 3245–3255 supply. ✅ Demand at 3182–3190 (Confirmed demand + liquidity seep) held the entire bullish wave. ❌ No break above 3255 = No RAKET yet. Bulls haven’t pushed through the supply. So far, structure remains short-term bullish, macro still in correction, premium rejection active. ✅ STILL VALID ZONES FOR MAY 19 🔵 BUY ZONES 3182–3190 = "Confirmed demand + liquidity sweep" → 2x successful rejections = highly reactive if retested. If this breaks = deeper retracement expected. 3120–3140 = “MACRO must-hold demand” → Cleanest long-term demand block. If we ever break this, macro flow turns fully bearish. 3060–3085 = “FVG fill + wick rebalancing” → Only for deep selloffs. High reward zone. 🔴 SELL ZONES 3248–3255 = “LTF FVG + Unmitigated OB” → In-play now. Watch for reaction + breakdown below 3228 = short confirmation. (Great for intraday NY/Asia reversal plays) 3280–3292 = Internal LH / last supply → Valid swing short zone if market expands. 3360–3380 = “Supply + imbalance rejection” → Macro invalidation zone if broken. ⚠️ INVALIDATED / USED ZONES ❌ 3221–3228 minor demand → Already wicked through, structure closed above and below. ❌ 3230 OB → No longer fresh. Consolidated, weak edge. ❌ 3235–3240 scalp supply → Broken in Asia session, now used for liquidity inducement. 🔎 PLAN SCENARIOS 🔽 BEARISH: Rejects again from 3248–3255, breaks 3228, targets 3182, then 3120. 🔼 BULLISH: Clean break & hold above 3255, continuation toward 3280–3292 next. 💡 FLOW INSIGHT: "Price has memory. Respect the zones, not the hype." We are in a premium coil → until 3255 breaks, sellers have the edge. Until 3182 breaks, bulls still breathe. 🔔 FINAL RAKET NOTE: All the zones marked yesterday have proven structure today. We hold them, refine them—not redraw them. Drop a 🧠 if you still trust your chart. Drop a 🚀 if you're ready for the next clean leg. — With logic & flow, GoldFxMinds 💛
OANDA:XAUUSD
by GoldFxMinds
Hanzo / Gold 15m Path ( Confirmed Breakout Zones )🔥 GOLD – 15 Min Scalping Analysis (Bearish Setup) Bias: Waiting For Break Out Time Frame: 15 Min Entry Type: Confirmed Entry After Break Out 👌Bullish After Break Out : 3235 👌Bearish After Break Out : 3220 ☄️ Hanzo Protocol: Dual-Direction Entry Intel ➕ Zone Activated: Strategic Reaction from Refined Liquidity Layer Marked volatility from a high-precision supply/demand zone. System detects potential for both long and short operations. 🔤 Smart Money Confirmation Acquired: Structure break aligned with order block integrity.➗ Both bullish and bearish models validated. Tactical options open. 🔥Multi-Timeframe Confluence:🩸 Higher timeframe levels intersect — prime territory for sniper scalps in either direction. 🩸 Momentum Signature Detected: Displacement candle confirms directional intent — AI pattern scan active. — If upward: Bullish momentum burst. — If downward: Aggressive bearish rejection. 💯 Market Zone: Transition Phase Asset in premium-to-discount (or vice versa) range — valid for both reversal and continuation trades. Execute with precision.
TVC:GOLD
by Path_Of_Hanzo
Gold, false decline, real wash 📊Comment analysis The recent surge and plunge of gold has also led to many different opinions on the market trend. If it rises, look at the ceiling, and if it falls, look at the floor. Most of them are such remarks, and the misleading nature of such remarks can be imagined. The first time I chased more at 3500, it was okay. After the beginning of the month, I soon got the opportunity to get out of the trap. But those who chased higher at 3400 twice last week were not so lucky. Opportunities cannot always be there, and not every time you can survive. Once you have the idea of ​​standing guard or holding on, it means you will lose. In the face of huge fluctuations in prices, short-term card points, and few positions can be grasped. You can't just rely on a rumor on the Internet to chase shorts and look at bear markets when prices fall, and chase longs and look at bull markets when prices rise. Investing and trading are two different things. Investment is a direction, focusing on large cycles, large directions, long-term, and profiting by time. Trading, on the other hand, makes money by rhythm and fluctuations, which are completely two concepts. I have always said that the general direction is bullish and the rhythm is to get on board after every retracement. The transaction is divided into short, medium and long. The short-term is limited to intraday. Whether it is right or wrong, it is settled on the same day. The medium-term wave band, after each large retracement, insist on getting on board in batches, and leave after a phased rise. For the long-term, after each large retracement, build positions in batches and hold for a long time. First, make the logic clear, and then talk about the operation. We can't achieve the lowest or highest, but as long as we achieve a relatively low or high position, it will be fine. The core of investment is the cycle, and the core of trading is the rhythm. If the rhythm is right, everything is right. In the face of the sharp rise and fall of gold, first, don't hold a heavy position, and second, as long as it is not a relatively high or relatively low chasing order, there is no need to panic. First, if you hold a heavy position, first of all, you can't withstand the fluctuations, you can only bet on the win or loss of one order, and there will be no next chance. Secondly, as long as you chase long at high positions and short at low positions, even if you have a light position, you will not have a chance to get out of the trap, and you can only make up for the loss through new transactions. There is no other way, but to achieve unity of knowledge and action, and don't think about it. Heavy positions, plus chasing back and forth, plus the world lock, will only die faster and will not get out of the trap. Take care of yourself. Let's talk about the market. First of all, the bull is still there. Secondly, the sharp drop and surge are wash-outs and adjustments, not the peak, but the base is large and the amplitude is large, so you have to reduce your position. At present, it is a large-scale range shock wash-out adjustment at the daily level, and a weekly level retracement, not the peak. It will be very clear if you look at the big cycle, and you must not listen to the rumors flying all over the sky. If it rises, chase high to see new highs, and if it falls, chase short to see new lows. It is not advisable. Again, remember one thing, grasp the relative highs and lows, let the wind and waves rise, and sit on the fishing boat steadily. After the U.S. market plummeted, it directly reversed and surged. This kind of market will not continue. Don't chase it. Don't see the plummet and then the surge, and then shout that the bottom has been reached. The plummet means the peak, and the surge means the bottom has been reached. Isn't it a life-and-death situation every day? The U.S. market directly talked about the next area. After the sell-off, gold rebounded sharply yesterday, which gave the trapped orders an opportunity to escape, not a direct reversal. Next, gold will enter a large range of shocks and washes with 3260 as resistance and 3150-3120 as support. After the shock, it will finally experience a wave of sell-offs and break the new low, and then it will bottom out. The bottoming logic is the same as the May Day period. Before May Day, gold continued to maintain above 3260 for washing. After May Day, it directly broke below 3260 and touched 3200 and then rose. Next, it will be the same. After a period of washing and shock, it will fall below the low of 3120 again, hit a new low and bottom out, and start to rise. The rhythm is like this, it depends entirely on courage, patience and technology, chasing ups and downs is not advisable. The rhythm is like this, watch more and do less, hold tight, and fasten your seat belts. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSDShort
by Labaron
1
GOLD Will Explode! BUY! My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 3189.8 Bias - Bullish Safe Stop Loss - 3179.7 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 3207.3 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TRADENATION:XAUUSDLong
by AnabelSignals
2
Learn the 4 Best Strategies to Maximize Your Profits in Trading In the today's article, we will discuss 4 classic yet profitable forex and gold trading strategies. 1️⃣Pullback Trading Pullback trading is a trend-following strategy where you open the positions after pullbacks. If the market is trading in a bullish trend, your goal as a pullback trader is to wait for a completion of a bullish impulse and then let the market correct itself. Your entry should be the assumed completion point of a correctional movement. You expect a trend-following movement from there. In a bearish trend, you wait for a completion of the bearish impulse, let the market retrace, and you look for short-entry after a completion of the retracement leg. Here is the example of pullback trading. On the left chart, we see the market that is trading in a bearish trend. A pullback trader would short the market upon completion of the correctional moves. On the right chart, I underlined the buy entry points of a pullback trader. That strategy is considered to be one of the simplest and profitable and appropriate for newbie traders. 2️⃣Breakout Trading Breakout trading implies buying or selling the breakout of a horizontal structure or a trend line. If the price breaks a key support, it signifies a strong bearish pressure. Such a violation will trigger a bearish continuation with a high probability. Alternatively, a bullish breakout of a key resistance is a sign of strength of the buyers and indicates a highly probable bullish continuation. Take a look, how the price broke a key daily resistance on a daily time frame. After a breakout, the market retested the broken structure that turned into a support. A strong bullish rally initiated from that. With the breakout trading, the best entries are always on a retest of a broken structure. 3️⃣Range Trading Range trading signifies trading the market that is consolidating . Most of the time, the market consolidates within the horizontal ranges. The boundaries of the range may provide safe points to buy and sell the market from. The upper boundary of the range is usually a strong resistance and one may look for shorting opportunities from there, while the lower boundary of the range is a safe place to buy the market from. EURCAD pair is trading within a horizontal range on a daily. The support of the range is a safe zone to buy the market from. A bullish movement is anticipated to the resistance of the range from there. Taking into considerations, that the financial instruments may consolidate for days, weeks and even months, range trading may provide substantial gains. 4️⃣Counter Trend Trading Counter trend trading signifies trading against the trend. No matter how strong is the trend, the markets always trade in zig-zags. After impulses follow the corrections , and after the corrections follow the impulses. Counter trend traders looks for a completion of the bullish impulses in a bullish trend to short the market, and for a completion of bearish impulses in a downtrend to buy it. Here is the example of a counter trend trade. EURJPY is trading in a bullish trend. However, the last 3 bearish moves initiated from a rising trend line. For a trader, shorting the trend line was a perfect entry to catch a bearish move. Such trading strategy is considered to be one of the most complicated , because one goes against the crowd and overall sentiment. With the experience, traders may combine these strategies. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
11