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Gold Price Analysis November 20Fundamental Analysis Gold prices attracted some follow-through buying for the third consecutive day on Wednesday and rose to a one-and-a-half week high, around the $2,641-$2,642 region during the Asian session. Rising tensions between Russia and Ukraine continued to boost demand for traditional safe-haven assets, coupled with slowing US Dollar (USD) price action, acting as a bullish driver for the precious metal. That said, overnight comments from Russian and US officials helped ease market concerns about the onset of an all-out nuclear war, which was evident in the generally positive tone in equity markets. Additionally, a healthy rise in US Treasury yields favored USD bulls and warranted some caution before positioning for any further upside moves in Gold prices. Technical analysis The uptrend is clearly shown in the time frames and the important resistance level is at 2660-2662. Today's trading plan is mainly waiting for BUY signals when there are retest beats. Pay attention to the retest price zones noted on the chart to have a good trading strategy for yourself. Those are Fibonacci zones and also psychological zones that the market is respecting. 2622-2613-2597 are the zones to pay attention to.
OANDA:XAUUSD
by TVS-Trader
4
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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
2
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.
OANDA:XAUUSDLong
by bryandowningqln
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.
TVC:GOLDLong
by Boooooob
XAU ! Nov 21 ! waiting for resistance 2674XAU / USD trend forecast November 21, 2024 Gold prices (XAU/USD) hold onto their upward momentum as the European session approaches, currently hovering near the $2,660 mark, a one-and-a-half-week high reached earlier this Thursday. This marks the fourth consecutive day of gains, driven by heightened geopolitical risks arising from the escalating Russia-Ukraine conflict, which supports demand for the safe-haven metal. Additionally, a slight weakening of the US Dollar (USD) provides further support for the commodity. The price increase continues - gold price recovers strongly. Waiting for reaction at resistance levels: 2674 - 2682 - 2710. The price increase continues - gold price recovers strongly. Waiting for reaction at resistance levels: 2674 - 2682 - 2710. World military tension will ease from next year with more peaceful policies of President Trump. /// SELL XAU : zone 2672-2675 SL: 2680 TP: 50 - 150 - 300pips (2645) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
3
Filling the gap and returning to the main path.After the rapid movement of the price from 2708 and going down and breaking the level of 2605, the price made a correction in the direction of filling the gap of the market towards the level of 2653 by reaching the range of 2545 and it is expected that after the gap is filled and the distance between the market and the collision With the trend line and reaching the range of 2676-2655, the expectation is to return to its downward path.
FXOPEN:XAUUSDShort
by ImperialGuard
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.
EIGHTCAP:XAUUSDLong
by Sthesh_Don_Billiato
Gold’s Next Move: Short Trade Setup Amid Key RetracementGold has retraced to the 0.5 Fibonacci level within the cloud zone, trading above the 200 Moving Average (MA) on the 30-minute timeframe. While the smaller time frame shows a bullish structure, the higher time frame remains firmly bearish. This trade capitalizes on the short-term bullish momentum within the retracement phase, keeping the broader bearish trend in mind for risk management. Our approach is focused on capitalizing on the retracement for a short position while aligning with the overall bearish trend. If the price fails to hold key levels, a deeper bearish continuation is expected. Technical Analysis: • Retracement Level: Gold is at the 0.5 Fibonacci cloud level on the 30-minute chart. • Moving Average: Currently trading above the 200MA on the lower time frame, indicating temporary bullish momentum. • Higher Time Frame: Still bearish, reflecting a downtrend in the broader structure. • Recent Price Action: Gold surged 1.13% above the 200MA, then retraced into the cloud, testing support for the next move. • Trade Setup: Short-term bearish execution with targets aligned to the broader downtrend, capitalizing on the retracement level as an entry point while considering the smaller time frame’s temporary bullish momentum. Fundamental Overview: Gold prices rebounded in Asian trading, supported by easing US Treasury bond yields and a softer US Dollar. Geopolitical tensions between Russia and Ukraine and expectations of further stimulus measures from China provide additional support for gold. However, long-term concerns about US monetary policy and interest rate stability may weigh on the metal’s trajectory. Traders are closely monitoring signals from Federal Reserve policymakers regarding future rate hikes. Additionally, the market is cautious about potential ripple effects from Nvidia Inc.’s earnings on the broader sentiment. This trade takes advantage of the short-term bullish retracement on the lower time frame while staying aligned with the higher time frame’s bearish outlook. Proper risk management and vigilance toward key fundamental triggers remain essential. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
GOLD:The trend remained down for the week Gold fell all the way last week, 2686 fell to 2536 fell to 150 points, weekly pattern big top to determine, weekly trend continues to be bearish, this is the trend, the second is to find a position, short trend is beyond doubt. The current performance is expected to rebound first repair let continue to fall, bear space will be larger, six trading days closed negative, last Thursday, the daily line appeared a hammer candle pattern, this is a stop down signal, but not the trend change signal, Friday repair today continue to repair, Asia-Europe time we first consider the opportunity to bear. Based on the previous 4-hour line closed positive line, the short-term rebound will continue, the high of the rebound is near 2597, the actual suppression position is near 2603, Asia-Europe period first rely on this position to short, this week's shock repair small long is also a chance, Asia-Europe period small support is 2570, Friday repair low 2560 is also support, At present, the first estimated space is 2603-2570, according to this range to trade. Support 2560 and 2570, pressure is 2603, strong pressure 2620 and 2643, disc strength and weakness line 2590.
TVC:GOLDShort
by Boooooob
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
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
FX:XAUUSDLong
by GoldMasterTrades
3
Retest trend ! short-term recovery! target 2625SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: USD bulls take a moment to pause as markets await the latest US inflation data, which could shape expectations for the Fed's rate-cut trajectory. The Consumer Price Index (CPI) is projected to rise 0.2% in October and 2.6% year-over-year, up from 2.4% previously, raising questions about the Fed's capacity for further rate cuts. ⭐️Personal comments NOVA: Short-term frame M15 - retesting trend, recovering with CPI news ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2598 - $2600 SL $2595 TP1: $2605 TP2: $2610 TP3: $2620 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
3
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.
OANDA:XAUUSDLong
by ZelfTrade