Gold Wednesday Trading Strategy
XAUUSD, today is Wednesday, July 24.
Gold broke through 2412. I think today gold may try to rise to the key price of 2429-2441
Give several suggested trading prices:
Gold sell:
XAUUSD sell:
Sell 2426-2429
Sell 2438-2441
Gold buy:
XAUUSD buy:
Buy 2393-2396
Buy 2381-2384
These are the key prices that gold needs to break through, so I think these prices are suitable for trading profit, please trade according to the settings when the prices arrive.
Xauusdbuy
XAUUSD: Influenced by data and news, it is bullish todayOANDA:XAUUSD TVC:GOLD COMEX_MINI:MGC1! COMEX:GC1!
Gold fell back to the 2400 integer mark yesterday, and rebounded under the impetus of two favorable data, and the Indian government announced plans to reduce the import tariff on gold and silver from 15% to 6%. India's increased demand for gold may push up global gold prices, as India is the world's second largest gold consumer. Therefore, gold has finally ended the trend of falling for four consecutive trading days. Affected by the above news and data, gold is likely to continue to move upward in the short term.
This week, the focus still needs to be on the US second quarter GDP data released on Thursday, and the latest personal consumption expenditure (PCE) price index to be released on Friday, because this is the Fed's preferred inflation indicator. Only after these two data are released will the market really move in a new direction.
From the gold price hourly chart
The resistance range is: 2425-2430
The support range is: 2385-2390
Trading strategy: first bullish, then adjust according to real-time dynamics
Go long on gold! Target 2420-2430Yesterday, gold fell to around 2384, and then began to fluctuate and rebound. It has now touched around 2412 and then fell again, and is now hovering around 2400.
From a technical point of view, gold has formed a bottom pattern in the process of fluctuating and rebounding. Yesterday's low was 2384, and today's low was 2388. The lows are rising step by step, and it is trying to further break through yesterday's high of 2412. From the hourly chart, gold is very likely to follow a five-wave rising structure. The 2405-2400 area has become the top of the previous wave and is currently in a four-wave correction. As long as the current correction does not fall below the 2400-2395 area, there is no doubt that the next step is to break through the high of 2412.
At present, the upper pressure is in the 2420-2430 area, so there is a high probability that it will try to touch above 2420 today. So in terms of trading, I will still give priority to long gold!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: 400+ Pips Buying Big Opportunity! Swing BuyOANDA:XAUUSD
Price has turned bullish as we suggested in our previous analysis, now we have strong confirmation that price will likely to hit the area of 2460 to 2470 where a huge number of sell volume would likely to reverse for a big swing selling entry. Good Luck.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold price today - "Forced to go down"Gold price July 23
Yesterday's gold price on the international market fell below the threshold of 2,400 USD/ounce when the USD increased in price and US stocks went green.
Yesterday, on Monday, gold price had an upward gap, opening the session to the 2412 area and then falling to 2384 on the same day.
amplitude is about 300pips around the threshold of 2412-2384
This move shows the hesitation of both buyers and sellers. Currently, based on candlestick and fibo models, potential selling pressure is still in the 2410-2413 area. If broken, we can start selling at 2422-2425.
City 07-95-85
SL 2417-2432
Buying force during the day refers to the area 2381-2384
TP 88-93-99
SL 2372
--
⚠️ MARKET COMMENTS ⚠️
🟢 USD:
- If pending home sales and manufacturing index both increase, this will strengthen the USD due to expectations of strong economic growth and the possibility of the Fed maintaining or raising interest rates.
- If these indexes all decline, this could weaken the USD due to concerns about the economic outlook and the possibility of the Fed loosening monetary policy.
🟢 World gold price:
- If the USD strengthens due to positive economic indicators, gold prices may be under downward pressure because gold often fluctuates in the opposite direction of the USD.
- If weak economic indicators weaken the USD, gold prices may increase due to gold's role as a safe asset.
Gold continues to fall, is there still hope for bulls?Today, gold rebounded to around 2412 and then began to fall. The current minimum has fallen to around 2394. At present, gold is still in a weak position. But do gold bulls have no ability to counterattack?
I don’t think so. Gold has stopped falling in the 2395-2390 area many times, so there is still room for defense in this area. In addition, the recent continuity of gold is not strong. If gold can hold the 2395-2390 area, gold may still build a double bottom technical structure in the short term, thereby supporting gold to rebound upward. As for whether it can reach 2480, it is not certain now, but gold has the opportunity to rebound to the 2420-2430 area again.
So in terms of trading, we can appropriately consider going long on gold first, waiting for gold to rebound, and then looking for opportunities to short gold!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: Buy at low price today, watch for rebound and riseGold rose strongly to around 2412 at the opening of the market this week. This is because Biden announced his withdrawal from the US presidential election, which led to the escalation of chaos in the election and caused market concerns.
After last week's decline, the shorts have been released. Today, I think there is a high probability of shock adjustment and rebound. This week, we need to pay attention to data such as PCE, PMI, and GDP. Before the data is released, there will basically be no large unilateral market.
Judging from this decline, the support strength near 2400 is not bad. We can make some short-term bullish signals around this line today. Pay attention to the pressure of 2420 and 2430 above. Pay attention to the support of 2390 and 2380 below.
XAU/USD Imminent gold buys from current price back upCurrently, gold remains very bullish, and this idea aligns with the pro-trend approach. I'm particularly interested in the 16-hour demand zone that caused a break of structure. I will be watching for a Wyckoff accumulation at this level or possibly at a lower demand zone. Regardless, we are approaching strong demand zones.
The plan is to take the price back up to a newly marked supply zone on the 15-hour chart. From there, I might consider possible sells, but for now, I’m focused on buys.
Confluences for GOLD Buys:
Price has broken structure to the upside and is continuing a bullish trend.
There is still a lot of imbalance and liquidity to the upside.
The 16-hour demand zone has been mitigated, and I'm awaiting a Wyckoff accumulation.
This is a pro-trend idea on both the higher and lower time frames.
Price has completed a retracement and appears poised to make a new leg to the upside.
P.S. If the price breaks this demand zone, I will expect it to mitigate a deeper demand level, such as the one on the 23-hour chart.
Can capitalists cause the market to fall sharply?
Go long at 2392-2395. The main operation is buying.
MCX:GOLD1! COMEX:GC1! NYMEX:WTI1! BINANCE:BTCUSDT COMEX_MINI:MGC1! OANDA:XAUUSD BINANCE:BTCUSDT.P TVC:GOLD
Biden's withdrawal from the election and Trump's election have become a hot topic as risk events.
XAUUSD GOLD trade Idea on 4-hr timeframe {18/07/2024}Educational Analysis says XAUUSD GOLD may move in this range for some time according to my technical.
Broker - OANDA
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, it maybe long for the premium level in the 4-hour time frame.
Let's see what this pair brings to the table for us in the future.
Please check the comment section to see how this trade turned out.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
XAUUSD moving again to break a new record high**Monthly Chart**
XAUUSD monthly candle closed as doji due to the sideway movement of this pair between High 2387.78 and low 2286.83 levels. This has created indecision bias in the market. However, due to geopolitics reasons, this pair has strong momentum to move higher in the next few months. Therefore, we shall assess this pair near supply and demand zones for better risk-to-reward trades.
XAUUSD has reached a new record high this month at 2,483.74 on 17th July 2024. However, this monthly candle is still active and bullish. This still confirmed the long-term bias is bullish for Gold.
**Weekly Chart**
The last weekly candle closed as a big bearish high test. This happened after XAUUSD (Gold) reached a new record high. This created a large sell-off from buyers closing their positions at high prices and introduced sellers to short gold for quick profits.
**Daily Chart**
Last week XAUUSD closed near the previous equal low which was at some point the daily swing high. This has created a new demand zone for the price to push higher again after completing the sell-off. This week we will be looking for entry to move higher and create a new record high in line with fundamentals and geopolitical factors. Look for buy setups forming on lower time frames (ie. 4H and 1H).
XAUUSD: What is the future of the Gold| $3000 or $2300?Dear Traders,
OANDA:XAUUSD recently price reached to record high after hitting at $2484 and rejected there. After looking at the chart closely, we can see price rejecting at three point rejection buy side trendline. Where price previously dropped heavily after rejection at the point. Currently we have two options, firstly price might continue heading towards $3000 as we had described in our previous chart or it might drop to $2350 or lowest $2300. Please use this analysis as educational purposes, unlike our other analysis.
Good Luck.
Gold needs to be adjusted. Buy first, then sell.TVC:GOLD OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1!
Yesterday, the U.S. dollar index recorded its largest daily gain since June 20, as the July Philadelphia Fed manufacturing index was significantly higher than expected, showing signs of a strong U.S. economy. At the same time, market expectations for a ceasefire agreement in the Middle East have increased, which has slightly suppressed demand for gold. Affected by this, the price of gold fell below the rising trend line and is now near the previous support line of 2420.
In the big direction, the price of gold has turned from a bullish trend to a bearish trend. This state will not change before new news or data affects it, so trading is mainly based on selling high.
From a technical perspective, the unilateral decline is particularly strong, but it cannot be sustained. Now the price has just stopped falling at 2420. I think it needs to rebound upward and adjust before continuing to fall.
Summary: There is a need for rebound adjustment after a big drop, and the strategy is to rise first and then fall.
Gold Friday Trading Strategies and Signals
XAUUSD. Today is July 19, 2024.
Gold broke the first round of the upward channel. As the high price was realized, the market sentiment. Gold fell to a new price range.
Trading in this range is accompanied by two factors.
1/ Gold is still in an upward trend. Unless gold falls below 2369.
2/ The short-term downward trend of gold has not ended.
So I think our short-term trading should be based on scalping and buying. Selling at high prices.
The price range I give you for trading:
Gold sell:
xauusd sell
1/2424-2428 sl2432 (If gold falls after stretching in the US market, this is a good trading range)
2/2439-2444 (If gold breaks through 2432, then this signal can be used as a scalping transaction. Profit 40-90pips)
Gold buy:
2402-2405 (scalping transaction, profit 40pips or more)
2392-2395 (scalping transaction, profit 40pips or more)
2380-2384 sl2374 (buy and hold. I think this price is the rebound price of the rising channel. At least it is very safe today)
Please try to trade in these price ranges and set sl. Refer to the notes after each signal to know how to trade
I wish you all a smooth trading. If you are interested in my analysis, please like me and join me.
Gold corrects slightly after reaching ATH !!⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rose to around $2,470 per troy ounce on Thursday, remaining near record highs as there is growing optimism that the Federal Reserve (Fed) will lower interest rates in September. Lower interest rates make Gold more appealing to investors as a non-yielding asset. Fed officials have expressed confidence in inflation aligning with their goals and are considering an interest rate cut.
⭐️ Personal comments NOVA:
Gold price had a 30 price adjustment when it peaked at 2484, the adjustment created liquidity for the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2440 - $2442 SL $2435
TP1: $2450
TP2: $2460
TP3: $2470
🔥BUY GOLD zone: $2432 - $2430 SL $2425
TP1: $2440
TP2: $2455
TP3: $2470
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
- The winner is the one who sticks with the market the longest
xauusd Thursday trading strategy
xauusd Today is Thursday, July 18.
As I predicted, gold retreated from 2483 to around 2451 yesterday. Very accurate analysis. Today I will continue to bring you trading strategies
I still circle the price range for you:
The current range is between 2430-2483. Breaking through any range will trigger a new trend.
1 Trading within 2430-2483:
Buy:
2438-2445
2427-2432
Sell
2469-2474 sl2476.5
2479-2483 sl2486
Trading outside the range:
Sell:
2492-2495 Break through this area and no longer sell.
My analysis currently only includes the above signals. If there is a new trend, I will update it again.
If you like my analysis, please like and join me. I will help you trade every day and make trading simple
Don’t be afraid of the double shoulder top. Gold will rise again
When the buy order reached the target position of 2482 and closed, the market fell again.
The current price is around 2462, and I think the buy point is coming again.
If you are still losing money or don't know how to trade, then you should contact me and increase your account. Don't let procrastination and hesitation lose you money.
COMEX_MINI:MGC1! NYMEX:MCL1! BINANCE:BTCUSDT FX:GBPUSD TVC:DXY MCX:CRUDEOIL1! NYMEX:WTI1! COINBASE:BTCUSD COMEX_MINI:MGC1!
COMEX:GC1!
OANDA:XAUUSD MCX:GOLD1! TVC:GOLD
Gold Wednesday Trading Signals
xauusd Today is July 17th. Wednesday.
Gold surged and broke through the all-time high.
Trading is very difficult under the current price trend.
I will circle the price range for you:
The current range is between 2430-2483. Breaking through any range will lead to a new trend.
1 Trading within 2430-2483:
Buy:
2445-2451 sl2438
2430-2432 sl2427
Sell
2475-2478 sl2483.5
Trading outside the range:
Sell:
2489-2493 Break through this area and no longer sell.
My analysis currently only includes the above signals. If there is a new trend, I will update it again.
If you like my analysis, please like me and join me. I help you trade every day. Trading becomes simple
ATH - strong increase !!! XAU UP⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fails to capitalize on its Asian session gains, trading with modest intraday gains. A slight uptick in the US Dollar prompts profit-taking due to an overbought RSI on the daily chart. The pullback is also influenced by the overall risk-on sentiment in global equity markets.
⭐️ Personal comments NOVA:
Gold price continues to reach ATH in Tuesday's Asian session, new peak at 2484. Bulls dominate - rising momentum shows no signs of stopping
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2442 - $2440 SL $2435
TP1: $2450
TP2: $2465
TP3: $2480
🔥BUY GOLD zone: $2449 - $2451 SL $2444
TP1: $2458
TP2: $2465
TP3: $2480
🔥SELL GOLD zone: $2500 - $2502 SL $2507
TP1: $2490
TP2: $2480
TP3: $2470
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
- The winner is the one who sticks with the market the longest
It's time to short gold. Horrible data is about to be released
You saw this post before. Then you must be lucky. Because the gold price rose from 2372 to 2443.
Today's news will be updated soon. The market will fall sharply under the influence of the horrific data.
I was sent by God to save you.
If you missed the last rise, then go short this time. You'd better not miss it. Otherwise, you will regret not following the guidance of the messenger.
NYMEX:WTI1! COMEX:GC1! OANDA:XAUUSD MCX:GOLD1! TVC:GOLD FX:GBPUSD TVC:DXY COINBASE:BTCUSD MCX:CRUDEOIL1!