GOLD1-hour and 4-hour time frame gold analysis Gold has declined in the 1-hour and 4-hour time frames, and short positions have a higher winning percentage until we reach the 2200 range.Shortby m0neyminer1
XAUUSD plan the 2nd week of JuneThis week gold will revolve around 2 price zones 2350 - 2290 Support: 2330 - 2322 - 2298 - 2291 Resistance: 2338 - 2350 - 2365 🔴SELL zone 2350 - 2352 SL 50pips 🟢BUY zone 2300 - 2298 SL 50pips Scalping strategies will be applied when the resistance - support areas above have entry signals.‼️ Note: Full TP, SL to be safe and win the market.Longby Winlouh3
XAUUSD - Weekly Forecast - 17 June 2024I am still bearish on Gold for the week ahead, with my entries and targets given in the videoShort03:21by TraderRiz2
XAUUSDGold =Bullish The market went down to hit a Daily P.O.I and reversed and then an internal structure on a 1H TF turned Bullish and about to high the potential profit area...is the market going to go the Extreme P.O.I for the market to continue the Bearish trade by CoolSlavesFx1
XAUUSD: Gold will grow strongly in the last 6 months of the yearWorld gold price moved sideways around 2,306 USD/ounce after falling sharply yesterday session. The gold market is under pressure as recent US economic data shows that the Fed will only have one interest rate cut this year. However, some economists note that the possibility of two interest rate cuts is still possible. According to data from the US Department of Labor, in May, the US core CPI index increased by 3.3% over the same period last year and increased by 0.2% over the previous month, both figures are lower than the previous month. compared to forecasts and decreased slightly compared to April. This shows that inflation in the US cooled faster than expected, and at the same time put pressure on the US dollar. After the report, the USD plummeted with the Dollar Index falling from 105.08 points to 104.2 points. Silver and platinum prices also skyrocketed afterward.by SantaTradeGoldUpdated 3
Future GOLD ANALYSIS FIBONACCIHistorical Gold Prices: The chart plots gold prices from around 1833 to 2024. Fibonacci Retracement and Extension Levels: Fibonacci levels are horizontal lines that indicate where support and resistance are likely to occur. Common levels include 0.236, 0.382, 0.5, 0.618, and 0.786, among others. The chart shows multiple Fibonacci levels at different historical points. Key Price Levels and Patterns: Several important price levels are annotated, such as $192.89, $292.82, $412.98, $607.42, $801.85, $1,227.87, and more. Major peaks and troughs in gold prices are marked with corresponding Fibonacci levels. Projection Levels: The chart also includes future projection levels based on historical data, such as 1.618, 2.618, 3.618, and 4.236 extensions. Example: The price target of around $3,544.93 and $5,424.83 as potential future highs based on Fibonacci extensions. If you need further analysis or specific insights from this chart, please let me know!by crktrader2
Bearish Gold Clear break of trendline with a reversal pattern double top at a key level leads us to believe that a day trade sell is possible as long as price retests and rejects the key level marked out then we can sell looking for the usual 1:1Shortby Zim_12
060624 - Psychology Class w/JoshuaGold case study, why short? Big picture: - Monthly waiting pullback since Feb - Weekly MA10 potentially become resistance ; 2351 - EMA21 - 2243 (deep thinking), time vs pricing > 225x-226x vs CMP (1000p) - Overall outlook = Healthy pullback Trade setup reason: Entry 2370-2380 (can layer 1-2 trades) SL above 50% fibs 2388-2390 area RR 1:5 Fibs 38.2% Targets 2303 and 227x area H4 trending down > sideway > manipulation > continuation down current market sweep liqduity above, pending down. Expect movement on Friday. Shortby douglasswgUpdated 4
XAUUSD UPDATE LONG FROM SUPPORT| LONG XAUUSD UPDATE LONG FROM SUPPORT| LONG 🔥 Gold will soon a Retest a Key Support level of 2282-2275 So I think that the price will make a rebound and Go up for The Retest the Supply Zone above at 2315 ....🔥👍Longby XAUUSD-GOLD-PIPS4
XAU/USD Swing TrendXAU/USD Swing Trend - Primary : Down Trend - Secondary : Down Trend - Minor : Down Trend I think now It may be at the end of leg C of 4. and Finished 13 day of Down Trend Already. However, Trade with the trend, when my Minor Trend looked up, I then waited for the price to adjust down to the EMA line and to the +1 SD line as well. Therefore, the Buy Position has been opened. The target is to make a profit in the area of 2400, which is the Supply Zone. And place SL when the price breaks the POC of Volume below.Longby CoachGoii_SuperTraderUpdated 1137
WHAT IS TRADING ACCOUNT DRAWDOWN | 3 Types Of Drawdown Explained In my videos, I frequently use the term "trading account drawdown ". Many of you asked me to explain the meaning of that term and share some examples. What is Trading Account Drawdown? The account drawdown is the highest observed loss from the highest value of the deposit to the lowest value of the deposit at a certain period of time. Imagine you started to trade with 10,000$ account. At the end of the year, your account size reached 15,000$ . However, at some point through the year the deposit value dropped to 6,000$ . It was the absolute minimum for the one-year period. At some point, your net loss was -4,000$ or 40% of your account balance. The account drawdown is 40% . ❗️Knowing the account drawdown is very important for the risk assessment of the trading strategy. Usually, 50% and bigger drawdown signifies an extremely high risk. 3 Types of Drawdown 1. Current drawdown - a temporary drawdown associated with the negative total value of opened trading position(s) at present. Once you start trading with 10,000$ deposit, you open several trading positions. Being opened, with the constant price movements, your potential gains fluctuates from positive to negative. For example, with 3 active trades : EURUSD ( -500$ at present); GBPUSD ( +200$ at present); GOLD ( -100$ at present) Your current account drawdown is -400$ or 4% of your deposit. 2. Fixed drawdown - the negative value of the closed trading position(s) at present for a certain period of time. While some of your trades remain active, some are already closed . Imagine the same deposit - 10,000$ . On Monday you opened 6 trades, 2 still remain active ; 4 are already closed . Your total loss from your closed trades is -500$. Your fixed Monday's drawdown is 5%. 3. Maximum Drawdown - the maximum observed loss from the highest value of the deposit before a new maximum is reached. Starting to trade with 10,000$ you are already trading for 5 years . Your account were growing rapidly and at some moment it reached 25,000$ . Then the recession started. You faced a dramatic loss of 12,500$ before you started to recover. That was the maximum observed loss for the period. Your maximum account drawdown was 50% . ❗️Different types of drawdown give a lot of insights about a trading strategy. Its proper assessment will help to spot a high risk strategy and to find a conservative one. Constantly monitor your account drawdown and always check the numbers. What is your highest account drawdown?Educationby VasilyTrader116
Buyers' appetite for gold eases due to strong NFP employment Looking at the trend in the 4-hour time frame, gold has formed a HEAD&SHOULDERS pattern, which has now broken the NECK LINE support at the 2323 area to the bottom, as a result, the rate after the pullback could be as high as the head of the pattern to the support. Fibo is 161.8% lower at $2219.Shortby arongroups6
XAUUSD BUY OR SELL CHECK Description Hi 👋 guys here's my simple idea on gold let's see. Everything is explained I hope you ppl will like 👍 Longby Tim3_7o_inv3st10
Gold bearish strategy, target 500 pipsHello friends! A descending price channel is gradually starting to appear on H4 which usually determines our outlook. Speaking of news: Gold prices remained under strong selling pressure during the European session, extending losses below $2,350. China has paused purchases of gold reserves after 18 consecutive months, exacerbating the decline in gold prices. Talking about the upcoming outlook of XAUUSD: From the 4-hour chart, gold is moving towards the support level of 2332 USD, it is likely that the price will FOMO to retest the downtrend resistance level to accumulate before continuing to gradually decrease. The target for the downside ahead lies at $2270. And you?Shortby IAm_RyderUpdated 121224
GOLD: Day 3 breakout traders long in the market, NFP weekHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range ✅ day 2 cycle 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside ✅ 4. THESIS: Long: secondary, this market can keep going lower until news release in NY session, for a NYO or third hour reversal Short: primary, looking for a pump back up into the yesterday LOD at least, taking a potential market continuation going to stop the LOW, where traders long are in profit since monday. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Shortby GianniPichicheroUpdated 6613
BUYER on XAUUSD!On Thursday morning, we picked up the CHoCH I'd been waiting for. So I'm back in the market as a buyer for the next few days. However, this morning we arrived at a double-edged level... Indeed, by liquidating this ASH of May 23, we have also returned to the bearish HTF equilibrium. So I'm keeping a close eye on how the price reacts today. Feel free to subscribe and boost this post if you enjoyed my analysis, and let me know what you think! Happy trading and a great weekend :)Longby InfiniteY20
500 PIPS target gold trading strategy!Dear traders! Gold has ended the wave of adjustment in the context of market expectations that the US will follow the ECB in loosening monetary policy, in the direction of reducing interest rates in the near future. At that time, the USD will decrease in value compared to many other foreign currencies. Gold prices may increase even more in the future. 2 Plan to buy gold: A. Wait to pull back to support 2370 to 2365 to buy again if we see gold does not surpass this level anymore. B. If gold continues to fall through the support zone, wait to buy around 2357 USD in the next price increase! It is also the previous resistance structure. Long term goal: 2400 for a big attackLongby ConanForexUpdated 232341
Lingrid | GOLD Breakout of the COMPRESSION ChannelYesterday's release of high impact news sparked a surge in the OANDA:XAUUSD market, propelling it above the crucial resistance zone at 2350 and out of the compression channel. This break also cleared the previous week's high. I think, the ideal scenario would be a retracement to the broken trendline level, setting the stage for a continued upward movement. I expect a pullback towards the 2350 key level, where we can assess the situation and look for confirmation of a buying opportunity before targeting the round number at 2390. My goal is the resistance zone around 2382. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Longby LingridUpdated 101056
XAUUSD Buy Opportunity: Strategic Targets and Bullish Signals!Greetings, Traders! Brief Description🖊️: Currently, on XAUUSD, I am observing bullish momentum entering the market. The price has retraced into discount prices of the impulsive leg, taking discount sell stops multiple times, which suggests order pairing. This occurs within discount prices, where the logic is to buy in discount prices and sell in premium prices. A strong order block is supporting the price, as its mean threshold is continuously being rejected. This order block is considered inducement due to the sell stop liquidity resting above it. The price is currently supported by a bullish order block, indicating a potential buying opportunity. Things I Have Seen👀: Bullish Momentum📈: The market shows signs of bullish order blocks continuously supporting the price. Order Pairing🟢 : Smart money entering buy orders against sell stop liquidity within discount prices. Order Block Support🟢: A strong order block, with its mean threshold repeatedly rejected, indicates robust support. Bullish Targets📉: Buy Stop Liquidity: Above failure swings, which possess engineered liquidity. Daily FVG : The second target. Main Draw on Liquidity : The final target, an order block with inefficiencies such as the liquidity void and the FVG that need to be filled. What's Important Now❗ If the price confirms a buy, manage your trades as you see fit. Consider scaling out your position at these objectives to optimize your trading strategy. Best Regards, The_ArchitectLongby The_Archi-tectUpdated 6
Daily live trade with XAUUSD in 15m/30m/1h 20240607Daily live trade with XAUUSD in 15m/30m/1h 20240607Longby tradermongolia7
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we went long into the higher levels and said we would wait a for a little higher to then attempt the short trade. We gave the level 2350 but price fell just short of 2355 before giving us the signal to short it initially into the 2335-30 region, and below that we activated again 2320. A lovely move completing our Excalibur target as well as KOG's bias targets which were shared with everyone this morning. So, what now? We have the resistance level 2335 which needs to hold price down and if we get another signal, we'll look to add another trade to take this lower. We have to note, we're still in the range and the movement, although erratic is gradual so please don't trade it mid-range. Support again below at 2320 is holding us up while we accumulate in the region. More news to come throughout the week which is going to cause volatility so we're not discounting another attempt at 2345-50 at some point. For now, we'll stick with the plan on the KOG Report. As always, trade safe. KOG by KnightsofGoldUpdated 2280
*Heads Up Investors! XAUUSD Rally Watch!*👋 Hello traders! Hope you're all thriving! 📉 Yesterday, gold took a dip, but now it's caught in a range from 2371.5 to 2382.9. 📊 Two potential biases await: 🔍 Bias 1: If gold breaks above and closes higher, expect thrilling buying opportunities! 🚀📈 🔍 Bias 2: If gold breaks below and closes lower, brace for potential sells to the downside! 💼📉 Let's navigate these moves together! 💫by hanalyeeforex558