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XAUUSD. Weekly trading levels 29.04.2024 - 3.05.2024During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern. Don’t forget to like Rocket and Subscribe!!!
FOREXCOM:XAUUSD
by Forex_Hoby
XAUUSD. Levels for intraday trading .04.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
OANDA:XAUUSD
by Forex_Hoby
GOLD TO TEST SUPPLY AT $1980Gold price is higher above $1970 during early New York trading session ahead of the Fed. Fed Powell’s speech will be crucial for gold buyers as 0.25% rate hike priced in. XAUUSD tested 1950 support and bounced yesterday which opened the path to $1970. However, a supply zone from May, around $1983 - 1987, appears a tough nut to crack for the XAUUSD bulls. We will be looking for Fed Powell press conference later today for trading opportunities.
OANDA:XAUUSDLong
by GOLDPIPSMAKER
#Gold UpdateIn the chart above, I highlighted the preferred scenario now in Gold and Silver - flat. Since wave is a clear double zigzag and because Silver invalidated a symmetrical triangle, I would discount the probability of such a triangle in Gold as well. That leaves me with ABC flat, or the whole thing is something else. However, even one scenario with ABC flat may have a great degree of uncertainty as wave C can take the shape of an ending diagonal as indicated below, or an impulse with wave w relabeled as wave (1) - less likely considering complex structures on minute timeframes. It can also be an expanded diagonal which is always a nightmare for ElliottWave traders.
OANDA:XAUUSD
by Fomenka
1
#GOLD Update In the previous week's update, I highlighted enough certainty to go long because of the ending diagonal (C) of in the chart below. We spent the entire week creating the opening move, which I've labelled wave A or (1) below. There is no preferred structure at this moment, and the complexity of the scenarios should remain on the chart. However, I can somewhat discount the larger running triangle labelled in black circles ABCDE. Given that wave is a clear (W)(X)(Y), and wave is nearly 2x of , the running triangle is less likely but not ruled out.
OANDA:XAUUSD
by Fomenka
Gold short towards $1980Gold price faces the biggest daily loss in a week at the lowest level. XAUUSD currently trading near $1986, a break of $1980 could direct the gold price towards $1975 support followed by previous monthly low $1950. The recovery can be done if gold buyers manage to move the price above $2000 and $2013 resistances. Market’s sentiment and the metal’s inability to cross the short-term key upside hurdle keep the XAUUSD bears hopeful for more downside.
OANDA:XAUUSDShort
by GOLDPIPSMAKER
Gold short towards $1830 and $1825Xauusd price fell below $1850 on Wednesday. Currently pressured near $1836 gold may fall to test $1830 and $1825 demand zones from January 5 2023. The strong US dollar drive flows away from gold price and is near multi week high with high expectations from the Fed. A recapture of $1850 and $1860 zones are essential for the commodity otherwise the fall below $1825 can be expected. Long term trend is bullish but currently gold is experiencing correction phase.
OANDA:XAUUSDShort
by GOLDPIPSMAKER
2
XAUUSD 1 HOUR CHART Gold price is currently trading around $1926 as bulls try to move higher after a five-week uptrend. Possible correction is on the cards. XAUUSD needs to close above $1940 resistance for further gains with first target $1950. The support is found near $1917 area, which if broken could send yellow metal to $1900. In a case gold price drops below $1900, March 2022 low near $1890 will act as the final defense of buyers. We are looking to buy XAUUSD as long as it is above $1917 and $1900 demand zones.
OANDA:XAUUSDLong
by GOLDPIPSMAKER
3
XAUUSD long ideaGold price reached seven-month highs above $1860 in European session as the US dollar is falling. The fresh upside move in the XAUUSD price could be also attributed to the big technical breakout on the daily chart, breaking to the upside from the ascending triangle and closing above $1825. Previous strong resistance now support lies at $1850. The bullish momentum has been triggered and a pullback might be seen as a buying opportunity. FOMC minutes will have a bigger impact on gold price today during the US trading session.
OANDA:XAUUSDLong
by GOLDPIPSMAKER
5
Gold short term buy Gold is moving sideways near $1850 during the European session. XAUUSD failed to move above $1860 and corrected towards $1845 earlier today. It may continue to consolidate until tomorrow NFP release. The trend is still bullish, and we look to buy Gold with a test of $1855 - $1858. The next upside target for the bulls is $1860, above which the previous day’s high at $1865 will be put to test. $1845 and $1840 will offer immediate support for the commodity.
OANDA:XAUUSDLong
by GOLDPIPSMAKER
3