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XAUUSDHello guys According to the chart and last analysis the price break the resistance area and now its going to make pattern in the chart and we expect this movement . But the point that we should attention is the price can go up and stop hunt the order and then ready to drop or it can go up and consolidation in the resistance area ( yellow box ) and then drop without any stop hunt the order. We should check the chart and the price movement in lower time frame to know what we should to do. If you have any question send us messages GOOD LUCK AA
FOREXCOM:XAUUSDShort
by Abtin00
XAUUSD might drop.Based on the previous days' candlestick patterns and the current market conditions of XAUUSD (Gold/US Dollar), there are indications that the price might decline further. The decision to place a trade with a take profit (tp) set at 1910 and a stop loss (sl) at 1982 is a personal choice and should be made with careful consideration of risk management. To delve deeper into the rationale behind this potential trade, it's essential to analyze the historical price action, trend lines, support and resistance levels, moving averages, and other technical indicators. Previous days' candlestick formations, such as doji, engulfing patterns, or specific price rejections at crucial levels, could provide insights into potential market sentiment and direction. Additionally, macroeconomic factors and geopolitical events may significantly impact the XAUUSD pair. Factors such as inflation rates, central bank policies, global economic stability, geopolitical tensions, and the US Dollar's performance could influence the price of gold. Moreover, traders often use various technical analysis tools like Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Fibonacci retracement levels to complement their decision-making process. However, it's crucial to emphasize that trading carries inherent risks, and any decision to enter a trade should be based on a well-defined strategy and risk management plan. Utilizing proper position sizing, setting stop-loss orders to mitigate potential losses, and having a clear exit strategy are crucial elements of responsible trading. Remember, this analysis and trade idea are subjective and speculative. Market conditions can change rapidly due to unforeseen events or shifts in sentiment, potentially invalidating the initial analysis. Therefore, constant monitoring of the trade and adapting to new information is essential to manage risks effectively. Lastly, it's recommended to consult with a financial advisor or perform thorough research before making any trading decisions, as this analysis is for informational purposes only and should not be considered as financial advice.
OANDA:XAUUSDShort
by ArminMah
GOLD 4H : Support further decline GOLD New forecast The price perfectly fulfills my last idea and price reached to our targets +200 pip . The price of gold was able to touch our expected target at 1932, and it is under continuous negative pressure formed by the moving average 50, which supports the chances of surpassing the current level to open the way for further downward correction, whose next target reaches 1916 and 1911. Therefore, the downtrend scenario will be remain valid and effective during coming period , taking into account that failure to break 1932 will lead the price to attempt to build an ascending wave, mainly targeting testing the 1947 level. so it is possible to do a retest and then dropping. The expect range trading for today it will be between resistance line 1947and support line 1932 until stabilized . support line : 1932 , 1916 resistance line : 1947 , 1947 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDShort
by Arazmajeed
7
GOLD CONFIRM PREDICTION FOR TODAY Gold price struggles for a direction ahead of the US consumer inflation data for October. The near-term demand for the precious metal remains downbeat due to multiple headwinds. On a daily time frame, the correction in Gold price has extended to near the 50-day Exponential Moving Average (EMA), which trades around $1,940.00. Next support for the yellow metal is seen near the 200-day EMA, which hovers near $1,915.00. Gold Sell 1940 Tp 1932 Tp 1926 Tp 1920
OANDA:XAUUSDShort
by FxJack17
GOLD continues to PLUMMET - SELLS ACTIVEHey guys what's up Brandon here, Ekatatrading. Today I wish to discuss my sell on GOLD. I sold because 1. Gold is a bearish market and my LAW says to never go against the momentum unless a reversal is clear Reversal wasn't clear, momentum was bearish so sells it was. That being said around the time of me observing the GOLD market it was approaching the previous low, making me question if it was even a reversal off the previous low to begin with. Unlikely. Once I figured that it wasn't likely to reverse I began looking for sells as per my law and low and behold sell is exactly what it did - Thank God as I had lost a trade earlier this week (See Linked Idea). This trade made back pretty much everything I had lost and then some for me which is how I believe you should trade to begin with. My reasons were simple...If the market wanted to buy it had to take out the stop below the macro zone - which means it has to sell in any event right? So long as the market didn't harshly reject that low or maybe even accumulated around that low I'd feel safe to consider sells. Reason being - Why would the dealer stay at a low point for so long only to actually buy the market? Wouldn't he be giving the buyers a ridiculously good opportunity to buy? In my opinion that doesn't make sense from the dealer's perspective and further helped me to better understand what might be going on. Once I found my entry it was just about figuring out where to put my stop loss. I put my stop loss in an area where I think it is so unlikely to be hit because..as much as using a tighter stop is very attractive for your risk reward - it means nothing if you cannot stay in the trade to see that reward in the first place. As I am typing this I am still in the trade - I am about to have lunch and then pretty much relax for the rest of the day as I've cleared my day to get some rest so I can heal. I hope you understood what I was trying to say and it made some sense to you. Have a great rest of your day and an even better weekend - See you guys next week =)
OANDA:XAUUSDShort
by Brandon_evo4
GOLD 4H : Support further decline GOLD New forecast The price of gold has declined and shows more bearish tendency to exceed the moving average of 50, to support expectations for the continuation of the bearish corrective scenario, which aims to test the 1962 level initially, with a reminder that breaking this level will push the price to 1947 as the next negative station. Therefore the downtrend scenario will be remain valid and effective during coming period ,Consistency below 1975 is important for the continuation of the expected decline, as breaching it represents a positive factor that will lead the price to begin recovery attempts and restore the main upward trend again. The expect range trading for tomorrow it will be between resistance line 1975 and support line 1962 until stabilized . Additionally ,Today News will affect the market . support line : 1962 , 1947 resistance line : 1975 , 1987 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDShort
by Arazmajeed
23
Xauusd:It's the key choice point again Due to the recent hawkish rhetoric of Fed policymakers, everyone hopes that the Fed can achieve its goal of suppressing inflation, so gold prices fell again on Wednesday. Pay attention to the data on U.S. unemployment benefits today Today, gold fell as low as 1945, and the position of 38.2% of the Fibonacci retracement in the upward period from 1810 to 2007 was near 1933. If it did not fall below this data, gold would not be considered a real complete decline. The current trend belongs to a small cyclical decline in a large cyclical pullback. You may have discovered that if you have to wait for a rebound to sell, but gold can't reach the resistance range. Today's entire golden state just happens to be bullish and dare not enter, bearish and dare not chase, coupled with the 4-hour divergence of the indicators RSI and MACD, I still think it is possible to rebound today and then fall. The suppression point of the decline and rebound is near the mid-Bollinger band of the daily cycle 1970 We need to pay attention to the upper resistance point range: 1962-1970 1953-1958 Pay attention to the range of support points below: 1941-1945 1933-1938 When gold reaches the support range for the first time today, you can buy in small batches based on your own funds, set a stop loss, and increase your success rate of profit. In a downtrend, you can sell when you reach the resistance range If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
💡GOLD: Overwhelmed by the strength of the USDThis morning, the global gold prices extended their drop, as spot gold decreased by 8.8 USD to reach 1,968.7 USD per ounce. Gold futures were last recorded at 1,973.5 USD per ounce, marking a 15.1 USD drop compared to yesterday's morning prices. The resurgence of the USD during the evening trading session on November 7 reduced gold's attractiveness to buyers using different currencies. Investors are eagerly awaiting a series of upcoming speeches by officials from the US Federal Reserve (Fed) this week, with particular anticipation for Fed Chairman Jerome Powell's address scheduled for Wednesday and Thursday.
TVC:GOLDShort
by Stone_Haven
2
Discussing My GOLD LOSS from Yesterday | Still SickHey guys a sick Brandon here - so as promised I am here to discuss why I lost that trade and what I think I missed Interestingly enough I don't think it was something I missed before I took the trade it was after I was already in - most traders forget that ultimately the decision sits with them. You can choose to close your trade at anytime - so long as it doesn't fit your rules and criteria. I chose to ignore what I thought I saw and I paid the price for it. I am not ashamed of losing nor am I ashamed of talking about a loser so I am doing this to let you know that it is okay to take a hit - in fact it is a part of the industry..growing pains if you will. But this IDEA serves to show you that you should be open to discuss when you lose because that is the only thing that really allows you to get better and better. This trade is now in a journal of mine and it will mark a mistake that I don't want to make again. I also will not be trading for the rest of the day as I still am not feeling too well. I don't want to be trading from a place of agitation - trust me it doesn't help you at all.. But I still think gold is bearish for now as I think the sellers still need a win TEMPORARILY Have a good one guys :)
OANDA:XAUUSDShort
by Brandon_evo4
1
Clean traffic downAs Gold heads down lower. We are looking for a clean range of motion to the downside. The Gold candle closed below the 1978.75 area with the candle confirming that there is more volume to the downside. Following this range. It's looking to be clean traffic going all the way down to the low of the candles bearish rejection wick at 1969.77. Price may struggle to break lower than this area but we will need another confirmation on candle close before we can verify anything to be more confident. I will be at a safe entry at the new 30m candle open at 1977.55 doing a safe scalp until 1975. The more aggressive traders can target 1970
FXOPEN:XAUUSDShort
by Trellz_