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  • #35,161
  • Jun 29, 2024 8:45pm Jun 29, 2024 8:45pm
Quoting krishn
XAU USD 1 hour chart analysis and for next week with a probable price action. {image}
H1 can also be a head and shoulders forming.
However price action in the last few hours of trading of the week, month and quarter can often be misleading (we have all 3)
in terms of what happens next. Particularly in lower time frames.
Price action at the opening of a new month can also give the wrong impression.

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Its all just one persons opinion
  • #35,162
  • Jun 29, 2024 11:02pm Jun 29, 2024 11:02pm
Quoting axecap
{quote} H1 can also be a head and shoulders forming. {image}
As can the daily, with a lower right shoulder which is a stronger bearish sign.
But the neckline needs to break. I expect it will at least be tested.

D1

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Its all just one persons opinion
  • #35,163
  • Jun 30, 2024 1:56am Jun 30, 2024 1:56am
What will be the next move if the market
  • #35,164
  • Edited 9:23am Jun 30, 2024 2:39am | Edited 9:23am
it is bull having weekly/daily tl support but as 2267 remain unbroken, better try breaks and back , so next week may continue bear. , if so before 2350 breaks and hold , breakout 2294 possible , take care , a spike up in a gap or so next t0 continue down possible with market open !lets see take care. fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #35,165
  • Jun 30, 2024 3:31am Jun 30, 2024 3:31am
Quoting axecap
{quote} H1 can also be a head and shoulders forming. However price action in the last few hours of trading of the week, month and quarter can often be misleading (we have all 3) in terms of what happens next. Particularly in lower time frames. Price action at the opening of a new month can also give the wrong impression. {image}
.

Excellent analysis with the price action, Axecap. May we always capture, and to gain continuously on adding those pips to grow the capital in the account.
Always protect the capital with one's risk management and set stop losses on trade. Good luck and all the best.
  • #35,166
  • Jun 30, 2024 3:43pm Jun 30, 2024 3:43pm
where Gold will go? Im bearish biased till 2230
People don't plan to lose. They lose because they don't plan.
  • #35,167
  • Edited 4:17pm Jun 30, 2024 4:07pm | Edited 4:17pm
Quoting ScalaFX
where Gold will go? Im bearish biased till 2230
Where Gold will go next depends on a number of variables. Market conditions, timescale, the degree of pattern formation, high impact news, and the presence of confirming signs or signals all affect the success rate, liquidity of orders.

Also, please note that it's crucial to remember that chart patterns, like the double bottom, double top and other patterns do not fully dictate where price will really go, therefore, don't always accurately forecast future price alterations. They can produce false signals or unsuccessful patterns, but they are useful for spotting possible trends and reversals.

We just have to wait and see when Sydney and Asia open for trading and see the price action forming. Then do your analysis, risk management to place your order. Trade in confidence. Good trading and best of luck.
  • #35,168
  • Jun 30, 2024 4:14pm Jun 30, 2024 4:14pm
Quoting krishn
{quote} Where Gold will go next depends on a number of variables. Market conditions, timescale, the degree of pattern formation, high impact news, and the presence of confirming signs or signals all affect the success rate, liquidity of orders. Also, please note that it's crucial to remember that chart patterns, like the double bottom, double top and other patterns do not fully dictate where price will really go, therefore, don't always accurately forecast future price alterations. They can produce false signals or unsuccessful patterns, but they...
Look at the monthly XAU USD chart, and you will see a double top has formed. This is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times, with a moderate decline between the two highs. But price did not drop, instead it remained bullish, when the pattern should be bearish.
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  • #35,169
  • Edited Jul 1, 2024 9:09am Jun 30, 2024 6:22pm | Edited Jul 1, 2024 9:09am
long at : 2325.50
SL : 2321.50(sl moved to 2318 )
TP : OPEN (closed manually at 2333.50)
--------------------------
add long at 2326
Sl : 2323 (sl hit )
TP : 2330
--------‐-----------------
Add long at 2327.50
Sl : 2323.50(sl moved to BE )
Tp : open (close manually at 2334.50)
---------------------------
Add long at 2330.50
Sl : 2327.50(sl moved to BE)
TP : 2334.5 (tp hit )
---------------------------
Add long at : 2333
SL : 2330
TP : open (close manually at 2335)
--------------------------
Short as CT at : 2335
Sl :2338 (sl moved to 2345)
Tp : 2331 (Tp hit )
-------------------------
Add Short at : 2335.50
Sl : 2338.50
TP : 2331.50 (tp hit )
------------------------
Add Short at : 2335
SL :2340
TP : Open(close manually at 2329)
------------------------
Long at :2329.5
SL : 2324.50 (sl moved to 2322)
TP : Open(tp changed to 2333.50 ) (close manually ar 2332.50)
-----------------------
Add long at : 2328
Sl : 2324 (sl moved to 2322)(sl moved to BE )
TP : Open(close manually at 2331)
------------------
Add long at: 2330
SL : 2325
TP : : 2334(tp hit )
------------------

Short Term Bias : Long , Long Term Bias : Long
Status : (-30pip,80pip,40pip,70pip,40,40,60,30,40,30) , Total : +400pip
Today Win Ratio : 10/11 or 91%
,
  • #35,170
  • Jun 30, 2024 8:37pm Jun 30, 2024 8:37pm
this can lead a big move. july will be explosive
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Profit is on the other side of your mind
  • #35,171
  • Jun 30, 2024 8:40pm Jun 30, 2024 8:40pm
Quoting swilliam
this can lead a big move. july will be explosive {image}
Is this a Descending Triangle? Or Bullish Pennant?
  • #35,172
  • Jun 30, 2024 9:54pm Jun 30, 2024 9:54pm
i will not be selling gold today,
i will be looking for a buy maybe after the US news,
2310 looks good 2305 even better for 2330

but maybe i will enter at 2320 just a small lot,
that's my trading analysis,
just my 2 cents.
Good luck with GOLD guys.
Don't compare your Trades with Others
  • #35,173
  • Jul 1, 2024 12:46am Jul 1, 2024 12:46am
Very important to trade what you see and not what you think or consume from other fellow traders
price will move this week and it could be violent
  • #35,174
  • Jul 1, 2024 12:47am Jul 1, 2024 12:47am
hello,

in some website they are showing trend is buy, fundamental is buy and sentiment is also buy so in that case, sentiment about buy is correct or we have to look for sell because 95% are buying so the market will move to opposite.
  • #35,175
  • Jul 1, 2024 1:56am Jul 1, 2024 1:56am
Quoting Mrbhatti
What will be the next move if the market
This week I predict gold volatility may be high, there is some important news that might drive the market, such as Fed Chair Powell Speaks, JOLTS Job Openings, ADP Non-Farm Employment Change, FOMC Meeting Minutes, Non-Farm Employment Change, focus on news This may provide an opportunity to catch profits by taking risks.
I trade at FXOpen
  • #35,176
  • Jul 1, 2024 2:21am Jul 1, 2024 2:21am
This week - buy, Still same - no lower low.

Scalp sell ok <2339 -2319
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Stay low, Go fast - No luck, All skill
  • #35,177
  • Jul 1, 2024 2:23am Jul 1, 2024 2:23am
A survey of 12 analysts reveals that 4 experts (33%) predict a rise in gold prices, 2 analysts foresee a decrease, and the remaining 6 expect prices to remain stable.
Currently, gold is trading within a relatively narrow range and is likely to stay in this range until the Federal Reserve confirms an upcoming interest rate cut. In the short term, gold prices may struggle to break above the $2,350 per ounce level, but the long-term upward trend will continue as long as the price stays above $2,300 per ounce.
This scenario presents an opportunity for investors to monitor and develop appropriate strategies in the face of short-term volatility and long-term growth potential.
This week there will be many important economic events affecting gold prices:
Second: ISM PMI
Third: European Consumer price index (CPI) and Jolts job opportunities
Wednesday: ADP's employment data, weekly unemployment benefits, ISM PMI, and June FOMC meeting minutes
Thursday: US Independence Day (holiday)
Friday: Non -agricultural payroll report in June
Success is not final, failure is not fatal... - Winston Churchill
  • #35,178
  • Jul 1, 2024 2:38am Jul 1, 2024 2:38am
[quote=saal;14916941]A survey of 12 analysts /quote]
Can you say who the 12 analysts are?
Its all just one persons opinion
  • #35,179
  • Jul 1, 2024 2:53am Jul 1, 2024 2:53am
Potential move down with head and should pattern forming at the 1 hr timeframe?
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  • #35,180
  • Jul 1, 2024 3:02am Jul 1, 2024 3:02am
Gold keeps on making Head and Shoulders that take centuries to break

Gold is boring
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