XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under buying pressure within the last couple of hour . The pair moved to the level of 2,569.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,579.
Set your stop loss at 2,587. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,550. ($19.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Goldprediction
Gold Price Action Analysis with Moving Averages and Dynamic Brea Trend Outlook: Gold is in a bearish trend as shown by the consistent downward movement of the long-term moving average.
Trade Signals:
Recent "Sell" signals confirm bearish sentiment, as every upward attempt is met with resistance and price resumes its decline.
Traders could consider short positions, especially around moving average resistance or at "Sell" signals until a clear reversal is observed.
Support Levels:
Watch for key support levels near the recent lows. If broken, this could indicate further downside.
Conclusion:
Gold is currently bearish with potential shorting opportunities at resistance levels. Re-evaluate the trend if the price begins to consistently break above the long-term moving average.
Gold Price Analysis For Next Move? Read CaptionOANDA:XAUUSD dropped from 2790 and currently trading on 2557 it will consolidate here from range of 2546-2557 and will make a rectangle pattern , once rectangle constructed it will breakout the rectangle and give the targets given in chart.
Gold have just completed its Elliott 4th Wave in Day time frame and also completed 5th impulsive wave in short time from from H1 to 5min now, now it will do corrective move in short term and 5th impulsive move in high time frame
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
This is the monthly chart idea for our long term/range analysis, which we shared in September. We have now completed two bull targets and stated both months left a big detachment to ema5 which needed a well overdue correction.
This monthly chart detachment is now complete, as highlighted by the circle on the chart. This now provided the support and bounce allowing us to buy dips inline with our plans.
Our 1H and 4h Charts have completed all bearish targets and now broken through all support. However with the breakout below, each of our weighted levels gave the 30 to 40 pip bounces just like we said.
This area is a strong level of support with ema5 providing dynamic support now for a bounce. Each of the lower Goldturn levels below are likely to give re-actional bounces just like our shorter time frame ideas.
However, we will keep in mind the channel top that may require a support test and will use all support structures across all our multi time frame chart ideas to buy dips also keeping in mind our long term gap above. Short term we may look bearish but looking at the monthly chart allows you to see the bigger picture the overall long term Bullish trend.
We will update our Multi timeframe route map with updated levels on Sunday.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
The Chart you probably wanna see. Gold's turn. Logic. No bs.
So about the chart, if you want to move straight to it. Far right is a Gold-colour vertical line & that is Monday's trading of earlier this week. Then several green vertical zones, Tuesday, Wednesday and Thursday of this week. 2 Red horizontal lines above and below is the Gold trading range for this week.
If you are wondering how big the Gold correction has been. You will see the Pink vertical line all time high to the bottom of this weeks trading range is about 9.85%. Pretty big huh.
I really needed to work this out for myself, what I mean is where I think Gold will turn
Does this sound like you? You are sitting in some rather massive Crypto profits, positions you have accumulated for several weeks to a even a month(s). Maybe you now have a few USD$ unrealised profits from the last week.
If the above is not you and I'm guessing you are in a majority, because the vast-main of traders would not have 'the stomach' for being big-margined in money lent by brokers and to be effectively in-risk of millions of dollars in Crypto purchases and other trading assets perhaps like Gold and Currency, well like I am, but my Margin is never more than x20 (max. in Australia legally allowed).
Trading is a Long-game, life-long hopefully, when you love it the same way I do. One of the best things I ever heard about trading, and its totally contradictory to what you probably hear and read from the so-called gurus, is that trading is about accumulating small-wins day in and day-out, bigger wins are fine, but consistent small wins. Not this B.S. you get fed that you can have 6 or 7 stopped-out trades, so long as you get that 1 outa 6 or 1 outa 9 wins. How is that good for your mindset. You have been fed garbage. That 1 winning trade will probably need to be a home-run, oh a home-run, which means taking on a risky means AFTER all those Stop-out trades.
Small consistent wins, accumulate into profits for you and it reinforces a positive mindset.
I once belonged to a trader pay subscription Signals trading group and this man who I won't name charged around 500 bucks a year, gave on average 6 currency trades a week, that is fine, but the problem was his win rate was something like 1 outa 5 and the 1 winner was a 1:1 RR. How do you profit from him? That UK man does not have to consistently beat the markets does he, because foolish and gullible traders line his pockets up every year in subscriptions. A fool and his money are soon parted, but we live and we learn sometimes I think.
Wow, that got a bit deep. All I wanted to share is where I see the Gold price turning. Well about another 1% down from this weeks lowest low, we commence a support zone and said support zone on the Daily chart is situated beautifully between the 50EMA and 200EMA and importantly for Gold's trend to remain bullish the 200EMA is situated beneath price.
Now, that said, I think the gas needs to come off the USD$ a bit right now, I don't think they want to overcook a dyeing currency, so if the economic data in the USA today is not favourable to the dollar, then a huge bullish rubber-band trade is back for Gold to the long side should emerge of up to 4% I feel if it really favours gold.
If that is the case then we disregard my chart here of Daily Gold.
Have a good day trading and make sure you properly breakdown the economic data first, so you have a clear understanding of Gold market direction. Don't simply buy or sell at a whim with your market maker in gold because all of the tricks and stunts they pull, and there is no accountability, they will probably initially set a Trap-long or a Trap-short throwing you to the wolves and then turn the market in the correct course.
Oh, but push in on the gold market maker and make say $36 out of them in a trade they don't like or approve and they will make you give every dime back plus some. Which is why Im increasingly moving away from Gold trading to currency, indice and stocks.
Gold’s decline is not over yet, so be cautious when buying botto
On Wednesday, as the US CPI rebounded as expected in October, the US dollar index remained strong, hitting a new high this year at 106.77. US Treasury yields soared collectively, with the benchmark 10-year US Treasury yield closing at 4.468%; the two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.294%.
Spot gold fell for the fourth consecutive trading day, hitting a daily high of $2,618 after the release of the CPI data, and then continued to fall. As of now, the lowest point has reached 2,555.
First of all, from the current 12-hour chart of gold:
It can be seen that the sequence 7 signal has appeared, which proves that gold is still in a downward trend.
There is no momentum to stabilize upward at present.
The first support position below is currently around 2,550.
If it falls below 2,550, the market may directly touch the low point near 2,520.
From the hourly chart:
It is a direct drop of $100 from around 2,710.
If we calculate from the 2620 level last night, and copy the previous market trend and drop by 100 US dollars, then it is around 2520.
The probability of gold breaking below 2550 is very high. Once it breaks below here, it will target 2520.
For the current operation, if it breaks below 2550 directly, then I think we can directly chase it and look at the 2520 level.
If 2550 is not broken for a short time, then wait for the rebound to around 2665 to enter the market and short.
On the contrary, if you want to go long, you need to wait until 2520.
GOLD - low placed?? what's next??#GOLD.. well played by gold market and perfectly placed our areas.
so far market placed 2536 as today low and that low is a very reasonable low for today.
if market hold it in that case you can see again bounce from here towards our areas 2550 and 2567 , 2572
so keep close and don't short now until market hgold 2536
good luck
trade wisely
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under sellinging pressure within the last day. The pair moved to the level of 2,543.00.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,545.
Set your stop loss at 2,537. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,575. ($30.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
GOLD - one n only area, what's NEXT???#GOLD - perfect move as per our analysis guys and market placed our today first area that was 2550 around as we discussed.
guys that area can play major role in today.
keep close that area 2550 and take it serious.
because only that area can create again buying volume otherwise not. if market didnot hold it in that case expected areas are on table.
2523 n 2480
good luck
trade wisely
GOLD NOW IN BUYING ZONE !!! HELLO FRIENDS
As I can see #GOLD is now trading above 2550 zone and fail to break a strong Support Zone we are watching also Fib levels it's also showing us a great retracement had done but still we can see 0.61 did not achieve we are buying here on the base of daily Strong POI which can give us great pips and also for long term traders it's a great entry Middle East problems escalating by HAMAS & other proxies which investors did not under estimate and they love these types of dip
Ending of year and opening 2025 Trump new elected bad US economy investors always love safe haven not Bonds so we can't miss these incoming moves we had just sent yesterday our perdition on Gold Drop which is attached in comment we need Ur love and boost the idea, so it helps to be many other traders Stay Tuned for more updates ....
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , gold has dropped from the break of 2678 all the way down to the targeted 2600 (KDZ) Key Demand Zone . We have dug deeper, 2590 to be exact. This is our new KL (Key Level) . We are expecting one of the two outcomes.
Scenario 1: BUYS
We are trading above 2590 with failing to break it, and we are starting to see some sellers exhaustion. Gold starts to turn and breaks above 2624 and continues breaking above other key levels.
Scenario 2: SELLS
We broke 2590 and are targeting our next KL (Key Level) 2650 . Breaking this key level would result in even deeper pullbacks down to 2530 .
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD came to our KDZ (Key Demand Zone) 2600.
- XAUUSD has dropped to lower areas (2590).
- Trading above 2590 and breaking above would result in buys.
- Breaks below 2590 would result in Scenario 2 unfolding.
Happy trading!
FxPocket
GOLD - there is only single area? holds or not??#GOLD... perfect move as per our analysis in Tokyo session and congrats to all.
now we have again single area that will play key role in next move that is 2613 one n only.
keep close that area because if market hold it in that case you can see a further drop towards expected bottom.
dont be lazy here.
good luck
trade wisely
Gold Roadmap==>>Starting to RisingAs I ✅ expected ✅, Gold ( OANDA:XAUUSD ) started to correct from the Potential Reversal Zone(PRZ) , and after breaking the Ascending Channel , it managed to break the 50_SMA(Daily) as well.
Gold is moving near the Support zone($2,603-$2,584) and Support lines .
According to the Elliott wave theory , the first corrective wave of Gold ( main wave 5 ) can be completed in the Support zone($2,603-$2,584) .
Also, Regular Divergence(RD+) between Consecutive Valleys .
I expect Gold to Go up to at least the Broken Support zone($2,640-$2,624) .
⚠️Note: We should expect more dumps if Gold goes below the Support zone($2,603-$2,584).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD Hits Local Top—$2400 First, Then New Highs AheadTime to Get Serious with TVC:GOLD OANDA:XAUUSD
Weekly chart printed a reversal signal right before the election date. If this signals follows through and closes below $2600 by the end of the week, we could potentially see prices drop below $2400.
The monthly chart looks strong overall, with TVC:GOLD being slightly overextended beyond the second target and failing to reach the $2900 level. This timeframe also points to $2300 as a good area to consider buying back.
This will likely take weeks to come to fruition. Expect prices to potentially range around current levels, with $2750 being a key area to keep shorting until it breaks.
Q2 should bring some positive movement for TVC:GOLD , but for now, it seems like a local top, and a new consolidation phase above prev ATHs (All-Time Highs) is likely to form in the coming months.
GOLD ROUTE MAP UPDATEHey Everyone,
Following on from yesterdays update; After getting the bounce from the swing range for 50 pips, we saw ema5 cross and lock below the swing range, opening the support structure - This was hit today!
We are now expecting a reactional bounce here for support. If the support structure holds with no ema5 lock we are likely to see levels above tested. However, if we see ema5 cross and lock below the full support structure then we will see a break out below. We will update our Goldturn levels on our next update if needed.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2724
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2665 - DONE
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611 - DONE
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SUPPORT STRUCTURE
SUPORT STRUCTURE
2583 (DONE) - 2564
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold Analysis November 13fundamental analysis
Gold prices pared some of their modest intraday gains, although they held above $2,600 heading into the European session on Wednesday. Uncertainty over the extent of trade tariffs promised by U.S. President-elect Donald Trump and their impact on the global economy dampened investor appetite for riskier assets, spurring some flows into the precious metal. In addition, some repositioning ahead of U.S. consumer inflation data turned out to be another supportive factor for the commodity.
Meanwhile, the U.S. dollar (USD) held steady at its highest level since early May amid hopes that Trump’s expansionary policies could boost inflation and limit the scope for Federal Reserve (Fed) rate cuts. The outlook still favors rising US Treasury yields, which, in turn, restrains any further upside for non-yielding Gold.
Technical Analysis
Yesterday, Gold fell back to the 618 Fibo extension level and this morning broke down from 2598 and flew up to 2613. We are currently waiting for a Break to find a Buy point, or at least a correction to the Retracement point at 2603 to detect a Buy signal, because at 2608 like this is a bit half-hearted. Choosing an uptrend for today, but it is only a correction, so before tonight's news, I will choose to buy with a short TP to the 2625 area (in case of breakout at 2615)
The SELL levels of 2625 - 2627, 2644 - 2646, 2658 - 2660 will be updated immediately at the time of real-time signal, the admins will notify.
The best Buy signal below is to wait for a break of 2593, the price will return to the levels of 2586, 2576 - 2574, a false break through 2565 to catch the entry of 2562 is also good, for other areas, scalp and don't expect too long, at least from the 2574 area onwards to think about holding.
GOLD BUYING ON DIP TILL 2900$HELLO FRIENDS
As I can see gold had done a retracement from ATH 2790 TO 2590$ It was a 1000+ pips retracement and have a look on Fib retracement it kiss golden ratio 0.50 and made a fake breakout to the support channel today candle closing above this support zone is another clue for a new Bull Run of incoming year 2025 as we can see geopolitical tension are escalating and still there is nor cease fire Trump is just a Hope for US not a Full Solution to set the economy in my view he is the man who is just only a hope but it will not work charts are crystal clear Tomorrow CPI Data can create some volatility in markets so make a proper sear is just a trade idea with small risk and big rewards we are looking for ur support and love boost it so many other new traders can join the rally Stay Tuned for more updates