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Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2372.619.
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The Disciplined Trader
XAUUSD DAILY INTRADAY TRADING IDEA
How to enter the CHART ??
1. Look for candle to cross our zones
2. If the candle crosses above/below our zones and closes then take buys/sells ( look no 4.)
3. Look for 1hr candle confirmation / 15/30 mins TF for entry during Asian session and 30 mins TF confirmation/ 5/15/30 mins TF after london...
INTRODUCTION - This is a conditional long that should produce strong returns if 2 conditions are met. Obviously the nature of those conditions are binary.
DETAILS - This is being published at 12:15-ish AM ET. See that arc and that line? That arc MUST HOLD UNTIL 3:30 AM ET, about another 200 minutes. If that is true, and price gets BACK ON TOP OF THIS...
After the announcement of major economic events including PPI CPI the xauusd have formed a very volatile and turbulent market structure.
pivot point is 2376
and movement above 2396 will be bullish to
2400
2410
2421
below 2376 the market will move down to the strong supply zone of 2346
2370
2362
2355
2346
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World gold spot price is around 2,395.3 USD/ounce, up 25.3 USD/ounce compared to overnight. Gold futures price in June 2024 on the Comex New York floor is at 2,398.8 USD/ounce.
Gold price today is trading on the world market at 2,370 USD/ounce. Gold delivered in June 2024 on the Comex New York floor is at 2,374 USD/ounce.
World gold price on the night of May 15...
Will you make a lot of money after considering my advice? As expected, the price of gold once again opened up room for growth after the correction confirmed 2335. As long as you go long, you will make a profit. This article mainly talks about the above growth space. It has now reached around 2365 points. The first target may be around 2378 points. I think this...
Intro - Saturday I published first draft with "regular M". Before Sunday open, I thought it should be - in the words of the crypto guys who named it originally - "big-dick M". Within 2 hours of Sunday open I knew it was just regular looking M. Monday, price spent too much time going flat at 2336 which made the M into a "bent M" or a "crooked M". The first...
Gold pulled back to 2348 and 2335 as expected. Our short order from 2350 to 2335 has been profitable and is currently fluctuating around 2335. This is also the process of stepping back to confirm support.
As long as the pullback is confirmed, room for gold price gains will open up again. I have bought multiple orders, and the short-term target above can be...
After a slow start to the week, gold prices recovered on Tuesday, reclaiming the $2,350 mark. If the upside gains accelerate in the coming trading sessions, the next technical hurdle lies near trendline resistance at $2,370. Removing this barrier could spur increased buying activity, setting the stage for a potential rally to $2,420 and even $2,430.
In the event...
Going for a scalp, but also thinking targets should be lower. (Risky )
Happy with a 2R atm.
If price action confirms bearish trend then can look for swing trade setups
Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 2390, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement
Our take profit will be at 2378.60, a pullback support level that aligns with the 38.2% Fibonacci retracement
The stop loss will be placed at 2402,
High Risk Investment...
🔴 Resistance - 2372 🔴
🚀 Target - 2383 - 2393 🚀
🟢 Support - 2368 🟢
🚀 Target - 2358 - 2343 🚀
🚫 Manage Your Risk & Reward As Per Your Risk Management 🚫
🔥🔥 Levels Works Best on 5 - 15 Minutes Time Frame 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
3. CHART IS SUPREME
4. YOUR...
Over the same period, CPI increased by 3.4%, matching forecasts. This is positive news for the US Federal Reserve (Fed).
Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers.
The...
Cooling US inflation pushed gold prices up nearly 30 USD an ounce, and helped Wall Street set a new record.
Closing the trading session on May 15, each ounce of world gold for immediate delivery increased by 27 USD to 2,385 USD. During the session, gold price at one point touched 2,390 USD - the highest in nearly a month.
The market went up due to the weakening...
