100% CONFRIM GOLD SHORTRight now the gold is consolidating a bit also building a liquidity below supply zone of M15, we have a clean supply zone above in M15 from which the price will retrace to the downside 100% confirm gold short are ahead on monday market opening also after the presidential election the gold went down will do a bit correction then continue to fall
GOLD SELL AFTER REACHING THE 15M SUPPLY ZONE
100% CONFIRM SELL SIGNAL
Goldshort
Gold Analysis: Short Fibonacci ResistanceIn this 1-hour Gold chart (XAU/USD), we observe the price retesting a significant area around the 2687 level after a recent downtrend. Fibonacci retracement levels are applied to gauge potential retracement zones.
Entry Position: A potential short entry can be taken near the 2687 level, where price is facing resistance.
Take-Profit Target: The first profit target could be set around 2664, where the next support lies, aligning with a favorable risk-to-reward ratio.
Stop-Loss: Consider placing the stop-loss above the 0.5 Fibonacci level at 2699 to minimize risk if the price breaks higher.
Gold (xauusd): Potential Pullback After Downtrend Breakhello guys!
let's analyze GOLD!
Downtrend Break: The sharp decline suggests a bearish sentiment as gold fails to hold previous support levels around $2,693.
Retest Zone: There is a potential retest zone around $2,678 - $2,693. If the price retraces to this area and faces resistance, it could signal a continuation of the downtrend.
Next Support Target: If the bearish momentum continues, the price may reach a major support area around $2,610 - $2,630 (highlighted in grey), which aligns with a longer-term trendline support.
Continuation Scenarios:
Scenario 1: Price could retrace to the $2,678 - $2,693 area, face resistance, and continue downward toward the support zone.
Scenario 2: If the price breaks above $2,693, the bearish bias may temporarily weaken and move towards higher resistance levels.
Xauusd sell signal Gold price bounced off the important support at $2,641, which is the confluence of the 50-day Simple Moving Average (SMA) and the 78.6% Fibo level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790.
Gold now sell 2685
Support 2660
Support 2630
Resistance 2705
Gold - Short Position Based on Downtrend & Fib retracementThe sell entry can be at the 0.318 Fibonacci retracement level at 2683 or the nearby R1 resistance level at 2686, both of which offer potential entry points in the current downtrend. The stop loss is placed at 2750, above the recent lower high (LH), to manage risk effectively. The first take profit (TP1) is set at 2622 as an initial exit point, while the second take profit (TP2) is at 2558 to capture further downside if the trend continues. The chart structure shows a downtrend with a series of lower highs (LH) and lower lows (LL), favoring short positions. This downtrend will only be invalidated if the recent LH is broken, signaling a potential reversal, which would then require a series of higher highs (HH) and higher lows (HL) to confirm a new uptrend. Monitor price action near these levels and adjust as necessary if a trend change occurs.
Xauusd sell Gold price is seeing a dead cat bounce from three-week lows of $2,644 in Asian trading on Thursday, as the dust settles in the aftermath of a massive sell-off, fuelled by Republican candidate Donald Trump’s victory in the US presidential race.
Gold now sell 2660
Support 2630
Support 2595
THE KOG REPORT - ELECTION SPECIAL UPDATEEnd of day update from us here at KOG:
The path has worked quite well so far with price testing the high, adhering to KOG's bias for the day and week and respecting the red boxes. We've managed to stay the right way and capture most of the move down completing nearly all the bias level targets on the KOG Report.
So, what now?
We have major support below at the 2650-55 region with slight extension in to 2645. If this level is attacked and defended in the coming sessions we should get a move back upside into the initial levels of 2675 and above that 2680-5. We do need to see a clean reversal for this to happen so let's be patient if you're looking to go long. Those who followed and are short, we suggested protecting and taking partials along the way while enjoying the move.
For now, planned and executed, Excalibur and the red boxes performing well. Let's see what tomorrow's news brings.
As always, trade safe.
KOG
Xauusd buy confirm signal Gold extends it daily slide to the $2,700 area as markets reacted to Donald Trump's victory in the presidential election. The benchmark 10-year US Treasury bond yield rises more than 4% on the day, forcing XAU/USD to stretch lower.
Gold now buy 2706
Support 2720
Support 2730
GOLD BREAKS ON SUPPORT, $2710 NEXT?We've identified a breakout below the support level on the hourly timeframe. Currently, we are observing a pullback, and we anticipate a continuation of the downtrend toward the support region around $2710. Additionally, the bearish gap opening on the DXY suggests that any effort to fill this gap will likely strengthen the USD, driving XXXUSD pairs further downward.
Adjustment - gold price drops! Waiting for the new US president⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) remains positive on Monday as US election risks and Middle East tensions continue to support the safe-haven asset. However, stronger demand for the Greenback and rising US bond yields could limit Gold’s gains, as higher yields make non-yielding assets like Gold less appealing.
Investors are focused on Tuesday's US presidential election, with the market’s attention shifting to the Federal Reserve’s rate decision on Thursday. Given the election uncertainty, it’s anticipated that the Fed will opt for a standard 25 basis point rate cut, rather than a larger half-point easing.
⭐️Personal comments NOVA:
Gold price officially decreased - legalized adjustment with the US presidential election. The US economy will have a new breeze - boosting the economy and other investment areas. Gold will wait for the next interest rate information
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2757 - $2759 SL $2762 scalping
TP1: $2750
TP2: $2740
TP3: $2730
🔥SELL GOLD zone: $2771 - $2773 SL $2778
TP1: $2765
TP2: $2750
TP3: $2740
🔥BUY GOLD zone: $2717 - $2715 SL $2710
TP1: $2725
TP2: $2732
TP3: $2740
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Xauusd buy confirm signal Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790.
Gold now buy 2739
Support 2752
Support 2758
Xauusd buy confirm signal Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790.
Gold now buy 2739
Support 2752
Support 2758
XAU/USD shorts from 2,760 or Longs from 2,720This week, my analysis suggests that gold may continue to drop, targeting the trendline liquidity formed below. Once that liquidity is taken out, I anticipate a bullish reaction, potentially around the demand zone I have identified. If the price retraces up to the supply zone, I’ll look for potential sell opportunities to follow this short-term bearish trend.
Since my overall bias is bullish, I am more inclined towards long positions due to the higher time frame outlook. However, if the price surpasses any of my nearby Points of Interest (POIs), I’ll watch for a deeper retracement around the demand at 2,680 or the supply at 2,780.
Confluences for Gold Sells:
- Price has shown a bearish shift on the higher time frame.
- Supply zones remain on both the 1-hour and daily charts.
- There is significant trendline liquidity below, providing a target for further downside movement.
- The dollar has been moving bullishly, which aligns with a potential drop in gold.
- Gold has been in a strong bullish trend and may be showing signs of exhaustion, hence the recent heavy decline.
P.S. I’ll stay vigilant and assess where the price moves first. If price breaks structure to the downside, I’ll have a stronger inclination to sell.
Have a great trading week!
Xauusd sell NFP signal Gold recovers some lost ground and trades slightly above $2,750 on Friday. The uncertainties surrounding the US presidential election and the ongoing geopolitical tensions in the Middle East provide some support to the precious metal as focus shifts to key US data.
Gold now sell 2753
Support 2730
Support 2720