Gold is approaching our awaited price target of $2,260.60, which is the 50% Fibonacci retracement of gold’s rise from $1,984.16 to $2,431.44. This means that if the price of gold falls below $2260.60, the price of gold will continue its bearish trend and aim for the next target of $2207.80 On the other hand, we noticed that the trend of gold prices showed a...
Daily live trade with XAUUSD in 15m/30m/1h 20240430
Recently, the market has been discussing the impact of the geopolitical situation and US economic data. In terms of the geopolitical situation, Israel continued its air strikes on the Gaza Strip on Monday, causing many injuries. However, at the same time, the two sides have begun to enter the negotiation stage. Hamas leaders arrived in Cairo to hold a new round...
Observation...? 24th April 24 9.00am - London Session Entry 2311.776 Profit level 2416.306 (4.52%) Stop level 2263.035 (2.11%) RR 2.14
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 29 April 2024 SELL LIMIT Order: $2342.60 Stop Loss: $2352.89 Take Profit 1: $2332.57 Take Profit 2: $2319.22 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
- This is the main case right now. - Bullish scenario invalidation is at 2305. - We can go to all time high from here or stall at around 2395 to truncated wave 5.
I saw break of structure on smaller timeframe,and we are also on daily sibi from last week,and we respected the zone of sibi.
Friends, I determined the downward targets for gold based on the harmonic downward pattern. So far, the first target has been hit. We are waiting for the price to reach the next targets.
Looking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm. I am waiting for a retest of the resistance around the $2400 price. I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries. First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven. Full take...
On H1: Price is testing 2350 and forming a retest of the consolidation boundary. If the price consolidates above 2328-2330, it is likely to head to 2359, and then it can easily reach 2398. Since fundamentally everything is at the same level, and from a technical point of view we see a correction and a strong sell-off, the market also has a high chance for a...
Gold price is in a DOWN correction, expected to be below $2300...
Gold entered phase E of Wyckoff Accumulation. Price may retest prior resistance before continuing the Mark up. Trade for long 1. Enter - around $2335 2. Target - overhead resistance $ 2365 3. Stop - below last point of support within Consolidation 4. RR = 3+
GOLD TRADING SCENARIO ON April 26, 2024: Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2323, then Buy Gold immediately TP hopes to reach 2334 further than 2343, but there are conditions necessary at 6:00 p.m. Gold closes above 2328 and vice versa. Gold closes below 2328, then exit Buy and move Sell direction to 2296. Sell orders at this time...
Gold after made all time high then went into bearish and it could be again if it breaks the neck line,
Inverse H&S setup in play for Gold. At the moment it is high basing. Worth keeping an eye out for a CRACK higher. Just a matter of time in my opinion.
Today, gold provides a layout idea of shorting first. Short gold near 2289, reduce positions and take profits near 2283. After breaking 2290, go long gold at 2291 and take profits at 2300. At present, gold has rebounded and corrected. After waiting for the news to be released, short gold at high levels will be the main focus!
The price perfectly fulfilled my last idea. It played out nicely and hit the target. OANDA:XAUUSD is pulling back towards the resistance zone after breaking the strong level at 2300. The market is forming a bearish flag formation, as I mentioned in my weekly forecast. Today we have high-impact news, so I think it might continue moving downward if DXY moves...