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Xauusdsetup

judgment of technical indicators and application skills1. Simple judgment of support and resistance: Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward trend, they are recognized as support and resistance.The best time to buy/sell is near the support/resistance level that is not easy to break.Once these levels are broken, they tend to become reverse obstacles.Therefore, in an uptrend market, the broken resistance level may become support for the upward trend; however, in a downtrend market, once the support level is broken, it will turn into resistance. 2. Understanding of lines and channels: Trend lines are a simple and practical tool in identifying the direction of market trends.The upward straight line is formed by at least two consecutive low points connected.Naturally, the second point must be higher than the first point.The extension of a straight line helps determine the path along which the market will move.Upward trend is a specific method used to identify support lines/levels.On the contrary, the downward line is drawn by connecting two or more points.The variability of trading lines is to some extent related to the number of connection points.However, it is worth mentioning that each point does not have to be too close.A channel is defined as an upward trend line parallel to the corresponding downward trend line.Two lines can represent price upward, downward, or horizontal corridors.The common attribute of a channel that supports the connection point of a trend line should be between the two connection points of its reverse line. 3. Understanding and understanding of the average line: If you believe in the creed of "trend is your friend" in technical analysis, then the moving average will benefit you a lot.The moving average shows the average price at a specific time in a specific period.They are called "moves" because they are measured at the same time and reflect the latest average. One of the shortcomings of moving averages is that they lag behind the market, so they are not necessarily a sign of a trend shift.To solve this problem, using a shorter period moving average of 5 or 10 days will better reflect recent price movements than a 40 or 200-day moving average.Alternatively, the moving average can also be used by combining two average lines of different time spans.Regardless of the use of 5 and 10-day moving averages, or 40- and 200-day moving averages, buy signals are usually detected when the shorter-term average crosses the longer-term average upward.In contrast, a sell signal will be prompted when the shorter-term average crosses the longer-term average downwards. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
FX:XAUUSDEducation
by Blessed_V
XAUUSD (Gold) Bullish - LongBias/Structure : Long Comment : waiting for a retracement to my yellow box. There are two exit position that i am aiming for. If the price trigger my limit entry i will aim for the entry 1 exit by taking 50% partial profit and let the price continue to run. Once the price has hit my second entry exit position i will take away the full profit. (Taking off profit on the table is something that most people dont do) Take Note: If the price do not hit my entry position and keep on heading north , i dont care!!! i just stick to my own rule and look for another re-entry position. Good Luck!!!!
OANDA:XAUUSDLong
by MemoriesLane
Will XAUUSD continue to rise strongly?Following the closing of the DOJI, gold maintained a strong rise on Friday and touched the 1855 line. It can be seen that the gold price has continued its strong rebound pattern since 1806, and with the support of the 5-day and 10-day moving average, it gives the market the possibility that gold will continue to rise in the future. The technical indicator MACD is about to form a golden fork, and the upward momentum bar has just emerged, so it is likely that the upward trend of volatility will continue next week. However, overall, since the market is currently waiting for next week's non-farm payrolls data and the Fed's attitude towards raising interest rates, even if gold prices rebound, the room for rebound will still be limited. Judging from the 2-hour chart, the gold trend is too volatile, and the MACD shows that the kinetic energy is too strong. There is still momentum to rise in the short term, but the top is about to face resistance from the 1865 line, so the higher the gold price in the short term, the greater the pressure it will face. It is not ruled out that there will be a rhythm of volatility and decline in the market; However, in the current form, the main one is the bullish upward trend, and the pullback is relatively small, while the 1850 line below is the key support in the short term, so the current market trend is biased towards long-term operation. In terms of operation, it is mainly based on long positions at the low level. You can consider going long at the 1850 line; you can try to go short near 1865 for the first time. The above views are for reference only, please continue to pay attention to my analysis and sharing, I will bring you a more perfect presentation; click the network button below, everyone is welcome to come and discuss together
FX:XAUUSDLong
by Blessed_V
XAU NEAR FUTURE ANALYSIS (4H Chart)Technical Analysis Summary XAU/USD TREND ANALYSIS We have 1 UoTrend in Green (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). White trend is a trend broken that was in my last publication. FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are levels that represent tight stoplosses or support and ressitance levels from the past to show old publications. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
OANDA:XAUUSD
by husseindergham
Gold is oversold, Buy Gold and wait for recovery- XAUUSD 2/27World precious metals continue to be pressured by the strength of the USD. At dawn this morning, the US Dollar Index ( DXY ) measuring the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased sharply by 0.63% to surpass 105 points. . In its gold outlook for March, Bloomberg Intelligence said that the best factor helping gold reach $2,000 an ounce this year is when the US economy falls into a recession. This is the most likely scenario because the US Federal Reserve (Fed) is still very aggressive. While recent data releases show surprising strength in the economy, they aren't enough to convince analysts to immediately rule out a recession. Markets fear higher interest rates for longer and the Fed returns to 50 basis points gains as the job market stabilizes, inflation persists, retail sales and earnings management index data shows buying (PMI) strong in January. RSI is fluctuating in the oversold zone, predicting a rally for Gold price next week. Trading plan: BUY XAUUSD soup price range: 1807 - 1810 VND Stoploss : 1800 Take Profit : 1820 Take Profit : 1825 Take Profit : 1830 Note : TP, SL full to be safe and win the market !
TVC:GOLDLong
by DNAchampions
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