Xauusd (Gold): a perspectivehello guys!
as you see before:
Gold broke the ascending channel but it didn't change the main bullish trend, why?!
because it has a strong support level in the blue area!
so I think we should stick to the long position and the bullish trend!
now I suppose it will touch the blue area! so that level is suitable for getting a long position!
let's see if the market matches with my analysis!
Goldlong
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
XAUUSD - 4hr Simple Trading - Bump & Run pattern
The 4hr chart has given us a beautiful setup.
Before the run, the first entry was after the impulse trend was broken. Then, we waited for the price to make the second confirmation by breaking above the main "3 touch" trendline.
With Gold remaining bullish after the DXY rose higher and higher, it only proves that gold is still a bullish giant.
Targets:
1 - 2685 (quarter 3 high)
2 - 2710 (target 1)
3 - 2750 (target 2)
4 - ATH
Risk aversion rises, continue to go longThe daily chart of gold shows strong performance, and the intraday trend is also fluctuating upward. There are opportunities for BUY/SELL in the fluctuating market! Today, the upper resistance of gold is at 2673 US dollars. Rebounds rely on short selling below this resistance, and then look at the support of 2641 US dollars below!
Gold continued to rise strongly yesterday. If it falls back, continue to go long. Don't think too much.
The 1-hour moving average of gold crosses the bulls upward, and gold is still strong in the short term. After breaking through 2640 in the US market yesterday, gold continued to rise strongly. Gold 2640 has now turned into support. Gold falls back to 2640 and continues to go long on dips.
First support: 2647, second support: 2640, third support: 2620
First resistance: 2662, second resistance: 2673, third resistance: 2685
Trading strategy:
BUY: 2645-2647
SELL: 2671-2673
Russia has issued a stern warning to the US and its alliesWorld gold prices increased sharply due to increased demand for safe havens. Kitco senior analyst Jim Wyckoff said that buying activities take place when the geopolitical situation is heating up, promoting stronger risk-avoidance sentiment.
Reports say Ukraine has carried out its first attack on a border region in Russia using long-range missiles supplied by the West.
On November 17, the New York Times reported that US President Joe Biden authorized Ukraine to use ATACMS missiles to attack deep into Russian territory. However, the White House has not yet issued an official statement.
RT reported that Russia has issued a stern warning to the US and its allies, declaring that any use of long-range missiles by Ukraine to attack deep into Russian territory would mean that major powers The West is directly involved in the conflict.
Russian Foreign Ministry spokeswoman Maria Zakharova stated that any such move would "completely change the nature of the Ukrainian conflict".
Is Investing in Gold a Smart Move for the Future?A Precious Metal's Persistent Appeal
Gold, the timeless symbol of wealth and security, is poised for further gains. It is predicted that the precious metal could surge to $2,900 an ounce by the end of 2025.
Why Gold is Glimmering
Several factors are driving this bullish sentiment for gold:
1. Central Bank Demand:
o Central banks worldwide have been actively increasing their gold reserves. This strategic move aims to diversify their portfolios and hedge against economic uncertainties.
o As geopolitical tensions escalate and inflationary pressures persist, central banks are turning to gold as a safe-haven asset.
2. Inflationary Concerns:
o Persistent inflationary pressures are eroding the purchasing power of fiat currencies. Gold, historically, has proven to be an effective hedge against inflation.
o As central banks continue to grapple with inflation, investors may seek refuge in gold to protect their wealth.
3. Geopolitical Risks:
o Geopolitical tensions, including the ongoing Russia-Ukraine conflict, have heightened uncertainty and fueled demand for safe-haven assets.
o Gold, with its long-standing reputation as a safe-haven asset, is likely to benefit from such geopolitical risks.
4. Declining Real Interest Rates:
o Negative or low real interest rates reduce the opportunity cost of holding non-yielding assets like gold.
o In such an environment, gold can become an attractive investment option.
5. Diversification Benefits:
o Gold can serve as a valuable diversification tool within investment portfolios.
o By adding gold to a portfolio, investors can reduce overall portfolio volatility and enhance risk-adjusted returns.
A Word of Caution
While the outlook for gold appears promising, it's essential to consider potential downside risks:
1. Rising Interest Rates:
o Higher interest rates can increase the opportunity cost of holding non-yielding assets like gold.
o If central banks aggressively tighten monetary policy to combat inflation, it could negatively impact gold prices.
2. Economic Recovery:
o A strong global economic recovery could reduce demand for safe-haven assets like gold.
o As investors become more optimistic about the future, they may shift their focus to riskier assets.
3. Market Sentiment:
o Market sentiment can significantly influence gold prices.
o Negative market sentiment, driven by factors such as economic uncertainty or geopolitical tensions, can support gold prices. Conversely, positive sentiment can lead to a decline in gold demand.
A Strategic Investment
Despite these potential risks, gold remains a compelling investment option for long-term investors. Its ability to preserve wealth, hedge against inflation, and diversify portfolios makes it a valuable addition to any investment strategy.
Investors considering investing in gold can do so through various channels:
• Physical Gold: Purchasing physical gold bars or coins is a traditional way to invest in the precious metal.
• Gold ETFs: Gold exchange-traded funds (ETFs) offer a convenient and cost-effective way to invest in gold.
• Gold Mining Stocks: Investing in shares of gold mining companies provides exposure to the gold market and potential dividends.
By carefully considering the factors influencing gold prices and diversifying their investments, investors can capitalize on the potential upside of this precious metal.
Gold: Fibonacci-Based Long Setuprice consolidation around the 0.5 Fibonacci retracement level at 2,632.796 signals a potential continuation of the bullish trend. A breakout above this zone confirms strong buyer momentum, providing an opportunity to capitalize on the uptrend.
Trade Setup:
Entry: 2,632.796
Stop Loss: 2,620.949 (below Fib 0.0 level for protection)
Take Profit:
Target 1: 2,648.473 (Fib 1.5 level)
Target 2: 2,657.553 (Fib 2.0 level)
This setup offers a well-defined risk-reward ratio, leveraging clear technical levels to guide entry, stop loss, and take profit decisions.
SILVER:Today's strategy to do low - based long
Yesterday's silver is also surging all the way, long and short rapid conversion, today's thinking to follow the trend bullish, back pedal is more opportunity, silver attention 30.90 is a new support, strong support 30.40, there is a chance to back pedal 30.90 long. The target is 31.3-32.6
GOLD:A long trading strategy
These two days of gold bulls are very strong, the daily line for two consecutive trading days crazy pull, has topped the daily pressure around 2642, in terms of its power 2642 is difficult to keep, yesterday stepped back today pulled up again, this wave of rise is caused by the escalation of the situation in Russia and Ukraine, today we first find more single opportunities
2642 This yesterday short thinking in line with expectations, there is little room for decline. Today's thinking to do more, at present, bullish strong support has been in step by step, long has worn the daily line 5 and 10 line, long trend is beyond doubt, but the weekly trend of short or in, we pay attention to it this wave of height can change the weekly short trend.
The shape of K has been V-shaped, there are many opportunities for backstepping, and the 4-hour moving average is also pierced, the previous backstepping low 2620 is today's strong support, small support is already around 2630-32.
Support around 2620 and 2630 can be long in batches, target 2642, disk strength division line 2632.
Is silver about to go BONKER!!??Good Day, Fellow traders and followers,
IS SILVER ABOUT TO TO GO BONKERS?!?!?!?
This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!!
First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's actually the handle of the GIANT 40 YEAR cup and handle it has been in. The green lines are the support and resistance areas. Also I have added what seems to be a pattern of 50 bars bottom consolidation that does also happen to resemble a Wyckoff a pattern before a break out.
Lets move on to the indicators
RSI - I have drawn in a support band for the silver RSI. IT really likes the 46, 50 to 55 level before a break out. Going below here is either very bearish or the best buy in bull market.
STOCHASTIC RSI - has had a massive cross recently on which chows momentum coming in to this market.
RSI 3 LINES - WOW!! This looks like a serious power play for silver, ever since the RED line crossed down through the GREEN, it found support on the blue and turned right back up in big way!! Also it look like the BLUE could follow suit very soon which would confirm bullish movement for this asset as all the colors would be aligned.
THE LAZY BEAR - This one is kind of a no brainer. Breaking out above and holding the 0 level usually leads to big moves higher!!
ASO (SENTIMENT) - It looks like there is a 50 bar pattern here and within it could be another 12 bar pattern right before a break out.
Please keep in mid every bar is monthly, so what might seem like a small pattern could be a year long.
I want to add, I do believe there is a fairly substantial move coming to silver. I'm not sure where it would be going to0, however I do know that the last true resistance is at aprox $35 usd Getting above that on a monthly level could or should lead to NEW ALLTIME HIGHS in short order well above $50 usd to possibly $70 to $80 before a correction. Any Correction at that point would be considered a buying opportunity !!
Please like and share this chart to all silver lovers!
Also, any questions or comments are welcome down below!!
Kind Regards,
WeAreSat0shi
Risk aversion rises, bullish trend continuesGold closed strongly, the NY market fell and rebounded, and rose strongly. The bottom of the daily level had obvious support, completing a deep V reversal, and the moving average indicator showed an obvious upward turn. Intraday trading was mainly long at low prices!
After gold fell to 2620 in the US market, gold rose again for risk aversion, and gold bulls turned strong again. After stepping back, they turned strong again, so the strength of gold bulls rose, and gold continued to be long above 2620 in the Asian market.
The 1-hour moving average of gold continued to cross upward and diverge. The decline of gold in the US market was just a confirmation of the high level of gold. Gold bulls had the advantage, so today gold continued to be long on dips at 2620, and gold could be long when it fell back to around 2625.
First support: 2630, second support: 2621, third support: 2602
First resistance: 2645, second resistance: 2658, third resistance: 2665
Trading strategy:
2621~2658 range, sell high and buy low according to resistance and support.
Gold Can Fall After Testing the Trendline Hello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold/XauUsd continue up!Looking for Impulse Up.
Gold movign up as its up trend. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
Go long with the trend, go long at the lower position 2610/2600Gold opened higher yesterday and rose sharply on the daily line. Today, there is still a high point, and it will continue to fall back. The support top and bottom conversion position is around 2598. It's just that this position will not be given for the time being. If there is an opportunity, the market will fluctuate.
Gold rose strongly yesterday. After breaking through 2600, there was no big correction. Gold has basically stabilized at the 2600 line. Gold fell back in the Asian session and continued to be long. The long and short conversion is just a thought. If the gold bulls exert their strength, then continue to be long!
The 1-hour moving average of gold is about to form a perfect upward pattern, so the gold bulls will continue to exert their strength. Gold will continue to be long when it falls back to the 2600 line support in the Asian session.
The first support: 2610, the second support: 2598, the third support: 2586
The first resistance: 2633, the second resistance: 2643, the third resistance: 2663
Trading strategy:
Sell high and buy low according to the resistance and support given above.
GOLD:Retracting the long trading strategy
Gold rebounded to around 2660 as scheduled, the bulls have come to strong pressure, but it has no meaning to fall, we can not know the end of this wave of long rebound, the operation to follow the trend, the shape of the weekly bearish trend will be changed, yesterday's bottom pulled up again, the daily line step by step, three consecutive trading days closed in the sun, Such a market must see clearly the general direction, otherwise it is difficult to grasp the rhythm, when you can not see clearly on the sidelines waiting, today's thinking waiting for its retrace opportunity to do long.
Daily line these two days to form two strong support, one is yesterday's low 2618 near, this position is not broken, short-term are strong, if broken, the form may form a new bear.
Another support is around 2642, yesterday's rebound high, is also a new form of support, today back to step on this position first layout more single. Target 2660, after breaking 2680-85.
XAUUSD, 15-MINUTE TIMEFRAME CHARTCAPITALCOM:GOLD XAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved to the level of 2,650.00.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,652.
Set your stop loss at 2,647. below the previous low ($5.00 loss for 0.01 lot) and take profit at 2,672. ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
OANDA:XAUUSD CAPITALCOM:GOLD
FSM Bull Major opportunityFortuna Silver Mines The chart looks amazing after recent rallies correction. Found support at the Covid break out around $4. Major value with incredible earnings especially with high metal prices that will continue higher and look to make serious gains even further as global currency devaluation accelerates. The bull story here is incredible as we slowly chop sideways building energy for a stark move to the upside. NYSE:FSM
GOLD BUYS!!!Trade Description for Gold (XAU/USD)
Trade Setup Summary
- Instrument: Gold (XAU/USD)
- Timeframe: 4-Hour Chart
- Trade Direction: Bullish (Buy)
Key Levels:
1. **Entry Zone**:
- Planned within the **Golden Zone**, between **61.8%** ($2,946) and **78.6%** ($2,910) Fibonacci retracement levels.
- This zone is identified as a high-probability area for a reversal based on Fibonacci principles.
2. **Stop Loss (SL)**:
- Positioned just below the **78.6% Fibonacci level** at approximately **$2,910** to minimize risk if the price invalidates the setup.
3. **Take Profit (TP)**:
- **TP1**: At the **0% Fibonacci retracement level** (~$3,043), corresponding to the nearest resistance level or the top of the previous range.
- **TP2** (if applicable): Extended profit level, potentially aligned with Fibonacci extensions (e.g., -27.2% or -61.8% for continuation).
Trade Logic:
1. **Fibonacci Confluence**:
- The price has retraced into the golden zone, an area with strong historical significance for reversals.
2. **Trend Bias**:
- The current market structure suggests a potential uptrend resumption after the pullback.
3. **Risk-to-Reward Ratio (R:R)**:
- This setup offers a favorable R:R, targeting a large profit potential relative to the risk defined by the SL.
4. **Moving Averages**:
- The 50 EMA (blue) and 200 EMA (orange) act as dynamic support/resistance. A price above 50 EMA could add confirmation.
Market Considerations:
- **Price Reaction**: Monitor price action closely within the golden zone. A bullish engulfing candle or breakout would provide further entry confirmation.
- **Volume Analysis**: Increased volume on bullish candles will validate momentum strength.
- **News & Fundamentals**: Watch for U.S. Dollar (USD) strength/weakness, Federal Reserve policy updates, or geopolitical risks, as these heavily influence gold prices.
Gold Pattern FormationThis commodity has been on a bearish momentum for the past few days, before a small pullback to 2570 zone.
It has been forming a head and shoulder pattern and I do anticipate that the commodity might complete the pattern before resuming with the bearish momentum.
It might pullback to around 2630, before now retracting to 2300.
Let us wait and see if by the end of the day if it will close above 2580.
XAUUSD:Long and short trading strategy of the day
Yesterday's gold rose all the way, the daily line closed the sun line, we can't deny that the market is always right. We are still insisting on bearism it directly V turned over, the main rising market has a number of reasons, one is the escalation of the situation in Russia and Ukraine, another is the strengthening of interest rate reduction expectations. The recent market is the elevator market straight up and down, yesterday's gold 2564 rose to 2614, and then again pulled up to 2623, up 60 points at present, short-term form and indicators have turned more, but the weekly line has not changed the big short, in the operation first follow the short long low, in the big pressure or to short, Now gold is a big rebound after the big fall, the weekly big V shape has not been formed.
The daily sun will support today's long inertia rise, Asia and Europe period to find the opportunity to bear, if directly pulled up to 2642-2648 this weekly pressure can also be short, short - term back step waiting for more opportunities, 4 hours of strong support has been up to 2589 near, hourly support near 2603. This is the long point, now adjust your mind to follow it.
Support 2603 and 2589, pressure 2629, strong pressure 2642-2648, disc strong and weak water line 2603.
XAUUSD long daily The gold market has recently tested a significant trend support line on the daily chart. This support line has proven to be a strong area where buyers step in, and the market has now formed a distinct price action signal at this level.
From my analysis, it looks like the market is respecting this trend line and showing signs of a potential upward move. If this momentum holds, we could see gold rallying toward higher levels in the coming days or weeks.
This is not going to be any significant move until Trump takes office in January.