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XAU/USD 24.11.2024OANDA:XAUUSD Hello Traders, Welcome to my chart update for the upcoming week! Currently, we might be experiencing a small correction. I now interpret that we completed a 1-2-3 move on October 30. As a result, we could potentially be forming an ABC structure within wave 4. Wave (A) might be seen as an ABC move, but it's too messy for me to draw it accurately. The upward movement to wave (B), however, could be counted as a 1-2-3-4-5 move. The target for wave 5 is particularly interesting. It aligns closely with the Fibonacci entry levels from wave (B) and matches almost perfectly with my volume indicator. So, folks, remember: don’t trade emotionally. Wait for the price to enter the target zone, and then look for signs of short volume at the specific levels. The take-profit (TP) level would be at the end of wave (C). Wave (C) can be charted once wave (B) has been rejected. From there, we would expect a 1-2-3-4-5 setup downward, with the fifth wave marking the (C) target. Good luck, and stay calm!
OANDA:XAUUSDShort
by NeptenFX
4
XAUUSD testing the 4H MA50. Entered technical buy zone.Gold (XAUUSD) gave us a strong bottom buy signal on our last analysis (November 18, see chart below) right after it touched the 1D MA100 (green trend-line) for the first time in 9 months (since February 15 2024): That was an ideal technical Higher Low for the long-term Channel Up and the rally that followed confirmed it. Since the Friday top however it got a heavy rejection and today is back on the 4H MA50 (blue trend-line). That is also the 0.5 Fibonacci retracement level, so it is gradually entering the 0.618 - 0.5 Fib Buy Zone. On top of that, we can see that throughout this Channel Up pattern, every break below the 4H MA50 (during Bullish Leg) was received with a massive bullish reversal. The 4H RSI Higher Lows trend-line can determine the approximate max extension of the price. In any event, this is a strong short-term buy opportunity. We keep our 2790 Target intact. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
GOLD → An unexpected shakeup. What's next? 2700 or 2600?FX:XAUUSD closed the session perfectly on Friday, hinting that it was preparing to move up to conquer the highs. But Monday morning's news shook up the market, eliminating buyers. What happened and what to expect? Gold's decline in the Asian session was due to news from the Middle East, with Israel tentatively approving a ceasefire agreement with Hezbollah in Lebanon. But, on the other hand - the escalation of the conflict in Eastern Europe, where the situation has become more complicated to some critical limits over the past few weeks. This is a two-edged sword. The market will react to any news coming from the two regions. No economic news is expected on Monday. Technically, the focus is on the sideways range of 2731 - 2660 and internal levels, among which the price may look for support.... Resistance levels: 2673, 2689, 2731 Support levels: 2660, 2643 If the price consolidates above 2673, then we should wait for a retest of 2689 (0.5 fibo). If the bulls continue to press the market, the gold may test 2721. But if the bears hold 0.5-0.7 fibo and retest 2660, then we should wait for a correction to the zones of interest and liquidity before a possible pullback Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
18
What are your thoughts on Gold? Possible Rally??Could we see a rally back to Structure break or Area of Interest??? -Price has broken through and retested Bullish Trend line -Price has broken through Structure Swing Low - LH Created Thesis: Wait for price to pull back to 1)Structure break or 2) Area of interest Notes: bearish run is rejecting Daily lvl 2558 W/ Massive rejection wick. 1) Rally to Area of Interest would be around 50% prz. (Head & Shoulders R Pattern) 2) Rally to Structure low (MSS) would be a 23.6prz.
OANDA:XAUUSDShort
by brianfj
4
XAUUSD: 25/11 Today’s Market Analysis and StrategyTechnical analysis of spot gold Daily resistance 2750, support below 2637 Four-hour resistance 2720, support below 2650-37 Gold operation suggestions: Gold rose sharply last week, recovering the sharp drop of the previous week. And it stood above the 2700 mark again. After a brief weekly retracement, it recovered in the third week. From the weekly pattern, it has stabilized and rebounded steadily since the low point of 2536. There was no high-high closing low last Friday. The daily line reversed and touched the high trend, and the K-line chart showed strong performance. Gold is currently rising strongly for five consecutive days. It just plunged more than 60 US dollars because of the agreement between Palestine and Israel on the ceasefire plan. From the current 4-hour gold trend, the important upper pressure is 2710, the short-term support below is 2650, and the support below is 2637. In terms of operation, we will do more operations with a retracement, and continue to be bullish. As long as the market is above 2637, we will continue to be bullish and wait patiently for key points to enter the market. BUY:2660near SL:2655 BUY:2650near SL:2645 BUY:2637near SL:2634
TVC:GOLDLong
by ActuaryJ
SPY/QQQ Plan Your Trade For 11-25-24 - Carryover TrendToday's pattern is a Carryover in Trend mode. Obviously, this is a holiday week, and because of low liquidity, I expect to see moderately wild price volatility. Stay cautious, as price moves could be exaggerated this week. Gold and Silver are still attempting to break higher and trading in a consolidated sideways price channel. BTCUSD pauses into the holiday week. This would be a good week to pause, read a good book, and avoid the risks in the global markets. This shortened trading week will likely result in very wild price swings. Stay cautious. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SILJLong
by BradMatheny
Risk aversion fades, trend turns to sellGold risk aversion has been alleviated, and gold has broken down directly. The bullish trend of gold has been temporarily alleviated. After the decline of gold, the bulls have no strong counterattack. It is difficult for gold bulls to make great achievements for the time being. Gold rebounds and continues to be short. Gold broke down with the relief of risk aversion, and then the 1-hour moving average of gold began to turn around. The strength of the gold bullish rise has weakened. The resistance of the gold moving average has now moved down to 2683. Gold rebounded to 2683 in the US market and was shorted at highs. It can be shorted near the rebound of 2680. SELL: 2680-2683
TVC:GOLDShort
by Jun-GoldAnalyst
XAUUSD 25/11/24Following last week's shift into a bullish narrative, we remain bullish on the higher timeframe. This outcome was anticipated in our previous reports, where we noted that failing to interact with key areas appropriately would likely result in a bullish shift. As expected, the daily bias has also turned bullish, aligning with our forecast. We failed to engage with the liquid highs and areas of supply, resulting in a push upward and the establishment of a new upward trajectory. Currently, we have an unmitigated area of supply, representing a potential counter move. While this scenario is less likely, we are closely monitoring the area of demand at the base of the last major move. If the current upward trajectory breaks, this demand zone will be our focus. As always, if the price continues downward to the demand area and fails to hold, we will look for lower points within the current range. Our bias will remain bullish unless the daily timeframe bias shifts again. However, if there is no pullback—as previously mentioned—this will be a counter-trend move, increasing the likelihood of another upward expansion. This would target pre-established highs and potentially breach the area of supply. It’s also worth noting that there are several pockets of liquidity around the demand area, as well as liquidity above the major highs of our previous downward trade. Trade safely, stick to your plan, and always follow your risk management rules.
OANDA:XAUUSD
by PipSurfingSociety
GOLD Technical Analysis! SELL! My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 2716.3 Bias - Bearish Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2668.8 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
2
XAU/USD : Gold will rise more? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price experienced a very slight correction before continuing its upward movement. In the past hours, gold reached $2710, which we previously identified as a supply zone. As a result, the price reacted to this level and corrected by over 100 pips, currently trading around $2700. After another minor correction, I believe gold could continue its upward trend. One of the key supply zones to watch is $2736 to $2738—keep an eye on it! 🚀 Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
69
Gold: Strong Gains Driven by Global Uncertainty and DemandGold: Strong Gains Driven by Global Uncertainty and Demand Last week, gold continued its upward trajectory, closing at $2,716 per ounce. The positive momentum in the gold market was driven by several key factors related to geopolitics, the global economy, and structural demand for the metal. Geopolitics and Economic Uncertainty One of the primary drivers of gold prices remains geopolitical uncertainty. The escalation of the conflict in Ukraine has prompted investors to seek safe havens, with gold, as a traditional "safe haven" asset, attracting significant capital inflows. Additionally, economic uncertainty in the Eurozone and China is boosting demand for gold. In Europe, tensions stem from economic instability, while in China, concerns about a slowdown in key sectors of the economy weigh on market sentiment. Inflation Concerns The rising risk of a global inflation rebound also supports higher gold prices. The tariffs proposed by future President Donald Trump on goods imported into the U.S. could raise production costs and consumer prices, fueling inflation concerns. In such scenarios, gold becomes an attractive hedge against inflation. Monetary Policy and Central Bank Purchases Gold is also benefiting from the ongoing cycle of interest rate cuts around the world. Lower interest rates reduce the opportunity cost of holding gold, making it a more appealing investment asset. Moreover, central banks continue to bolster their reserves by purchasing gold at a strong pace, a trend that supports the market amid increasing global uncertainties and inflation risks. Emerging Economies Driving Demand The economic growth of emerging markets, such as China and India, is another factor driving gold prices. These countries traditionally have high demand for gold, driven by cultural and investment preferences. As the wealth of these societies grows, demand for gold, both as an investment and in the form of jewelry, is likely to rise. Conclusion Gold remains a key beneficiary of global uncertainties, both geopolitical and economic. Factors such as escalating conflicts, inflation fears, loose monetary policy, and rising demand from emerging economies are bolstering its upward momentum. Will gold maintain its current growth trajectory? Much depends on the future course of geopolitical and economic developments. For now, gold stands out as an attractive asset for investors seeking safety and inflation protection. What are your forecasts for the gold market? Share your thoughts in the comments below.
OANDA:XAUUSDLong
by InvestMate
1
Natural Gas: Analyzing Seasonal Trends and Supply PressuresIn the natural gas market, we observe a critical juncture that suggests a potential shift in pricing trends. Over the past decade, historical data has revealed a recurring seasonal pattern that may indicate the onset of a bearish phase during this particular time of year. Currently, the market is approaching a significant supply zone, which could serve as a pivotal trigger for price corrections. This area has consistently tested traders' sentiments, and if the pressures of supply outstrip demand, it may catalyze a downward movement in prices. Given these observations, positioning for a short scenario seems increasingly viable. As market participants weigh their options, it is essential to remain vigilant and analyze how these supply-demand dynamics will unfold in the coming weeks. Understanding the interplay between seasonal trends and market sentiment will be crucial as we navigate this potentially shifting landscape in the natural gas sector. ✅ Please share your thoughts about NG in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYMEX:NG1!Short
by FOREXN1
1
HelenP. I Gold will correct to trend line and then continue riseHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the support level, which coincided with the support zone, and some time traded near this level. Then Gold turned around and started to grow to a resistance level, which coincided with the resistance zone, making a gap as well. When the price reached the 2730 level, it tried to break it but failed, and then some time traded between this level. Later Gold finally broke this level and rose to 2790 points, after which turned around and started to decline. In a short time, it fell to the 2730 level, broke it, and then continued to fall. Price tried to return, but failed and dropped to the 2610 support level. Gold broke this level and then reached the trend line, after which turned around and started to move up near this line. Soon, the price broke the 2610 support level and rose almost the resistance level. At the moment, the price continues to grow, and I expect that XAUUSD will make a correction to the trend line and then rebound up to the resistance level. After this, the price can break it and continue to grow. That's why I set my goal at 2760 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
4
GOLD WHAT A BORING. PipGuard | THE GUIDE☀️ Good morning coffee to everyone! ☕ From where I’m writing, it’s morning—so, a real good morning to you all! How are you doing? I hope everything is great as always! 💖 Before we start... 📢 Let me ask you for a quick favor: give this a boost, a follow, and leave a comment! I share my market analyses for free, and as you know, they can be highly profitable 💸. Supporting my work takes just a moment, it’s simple, fast, and most importantly, free! Thank you, my friend! 🙏 Let’s talk about the market! 💹 For weeks, I’ve been calling for a gold correction, and guess what? BOOM ! Last night, the price dropped by a massive 600 pips . 🎯 Let me be upfront: I’m not a fan of this recent rally. 😑 It’s been driven by various factors—Trump’s election, global geopolitical tensions, and more. However, in my view, this correction isn’t over yet . And if it is? Don’t worry! PipGuard’s got your back, always offering comprehensive analyses for both directions. Technical Analysis: “Gold is boring!” 🤓 Yes, I know—it’s tedious. But it’s crucial! 💼 The market had the chance to correct as early as last Wednesday, but it chose to climb instead. Fair enough— let’s dig into the details: 📊 Timeframes analyzed: Weekly (WK), 24H, and 4H. 💥 Price action last night: a sharp drop. Last Friday, the market performed a liquidity grab at 2710 , just above my bearish entry (2712–2722). This was accompanied by: - A breaker block on the 24H timeframe - A bearish order block (30-minute timeframe) between 2715 and 2722. And voilà, the downward move materialized! What now? Here’s the breakdown. 📉 Bearish liquidity: spotted between 2676 and 2692 , close to our structural shift. This proximity makes further downside highly probable. But remember! We’re not wizards or fortune-tellers 🧙‍♂️—we operate based on statistical advantages, our true superpower. 💪 👉 Key level: 2650. - If the price stays above it, bullish continuation remains possible. - If it closes below (preferably with a full-body 24H or weekly candle), a further drop becomes likely, targeting 2525 , 2515 , and potentially 2480. 📈 Bullish scenario? Two possibilities: 1. The price reacts to the latest order block. 2. It pushes toward new highs. o wrap it up... If you found this analysis helpful, please boost, follow, and comment! 🚀 I dedicate a lot of time and effort to create these free insights for you—I don’t keep trades just for myself! 😉 Wishing you an amazing day and a great start to your week! 🌟 Best regards, PipGuard. 💼✨
FPMARKETS:XAUUSDShort
by PipGuard
Gold price analysis November 25Fundamental Analysis Gold prices fell after hitting a near three-week high around $2,721-$2,722 in Asian trade on Monday and now appear to have snapped a five-day winning streak. US President-elect Donald Trump has nominated Scott Bessent as Treasury Secretary, removing a major source of uncertainty for the market. Additionally, reports that Israel is close to a ceasefire with the Hezbollah militant group in Lebanon have boosted investor confidence. This has translated into a bullish mood in the market and has pulled the safe-haven metal back to near the mid-$2,600 level. Furthermore, expectations that Trump’s proposed policies could spark inflation and limit the scope for further rate cuts by the Federal Reserve have turned out to be another factor undermining the non-yielding gold price. Meanwhile, Bessent has been vocal about the need to control the deficit and his nomination brought some relief to bond investors. This led to a sharp drop in US Treasury yields, prompting some profit-taking in the US Dollar (USD) following the post-US election rally to its highest level since November 2022 and helping limit any further declines in XAU/USD. Technical Analysis After a strong decline in the price zone of 2658, the recovery is approaching the breakout zone of 2673. The European trading session will pay attention to the 2773 zone. When the price breaks this zone in the European session, it will return to the uptrend today with an important price of 2684. In case the price pushes down and cannot break the temporary bottom of 2658, the strategy will wait to BUY again when there is a price reaction. If it breaks 2658, 2645 will become the strategic support zone of today to prevent the price of Gold from sliding.
OANDA:XAUUSD
by TVS-Trader
1