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Gold Analysis ==>> Bearish Quasimodo(QM) Pattern!!!Gold ( OANDA:XAUUSD ) moved as I expected in the ✅ previous post ✅. Gold is currently moving near the Potential Reversal Zone(PRZ) and inside the Time Reversal Zone(TRZ) , and the loss of the Lower line of the Ascending Channel can indicate weakness in the upward movement . According to the theory of Elliott waves , it seems that Gold has managed to complete the main wave 5 , and now we have to wait for Corrective Waves . From the point of view of Technical Analysis , it seems that Gold has succeeded in forming the Bearish Quasimodo(QM) Pattern , which can be another sign of the reduction of gold . I expect Gold to decline to at least the Support zone($2,720-$2,708) , and if the support zone is broken , we should expect Gold to continue falling to the Next Support zone($2,686-$2,666) . ⚠️Note: If Gold can goes over $2,760, we can expect more pump for Gold.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDShort
by pejman_zwin
3
Gold Analysis==>>Correction Time!!!Gold( OANDA:XAUUSD ) entered the Potential Reversal Zone(PRZ) , as I expected in the previous post . ( The Long position is closed. ) Gold is moving near the Upper lines of Ascending Channels . According to Elliott's wave theory , Gold is completing microwave 5 of microwave 5 of main wave 5 . So we have to wait for the CORRECTION . Also, Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to decline to at least the lower line of the ascending channel(Big) and the Support zone($2,686-$2,666) after breaking the lower line of the ascending channel(Small) . ⚠️Note: If Gold can form a 4-hour candle above $2,800, we should expect gold to increase and pump again.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDShort
by pejman_zwin
7
Gold Roadmap==>>When will Gold Correction Start Begin!?Today, I want to show you the Gold ( OANDA:XAUUSD ) roadmap before the US presidential election . Gold has started an upward rally for over 2 months and is moving in an Ascending Channel . Educational tip : Try to draw the channels you draw in the chart with a tolerance. The question that arises for us is how long this bullish Gold rally can continue and when the correction of Gold will begin. In addition to the fundamental discussion , we can use technical analysis tools to answer the above questions . One of the best methods is the Elliott Wave Theory . According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 in the Ascending Channel(small) . I expect the main wave of 5 Gold to finish in the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ) , and then we have to wait for the starting correction . ---------------------------------------------------------------------- Let's see what the history of gold has been like in the last month before the US presidential election . Throughout history, gold prices have often fluctuated in the months leading up to U.S. presidential elections. These changes have been influenced by various factors specific to each period. Here's a brief summary of gold's performance before some key U.S. elections : 1- 2016 Election (Donald Trump vs. Hillary Clinton) : Prior to the 2016 election, gold experienced significant volatility. Uncertainty about the outcome, especially with Trump's unpredictable economic policies, increased demand for gold as a safe haven. Gold prices rose in the months leading up to the election, reaching new highs after Trump's victory. 2- 2012 Election (Barack Obama vs. Mitt Romney) : Leading up to the 2012 election, gold showed less volatility compared to other years. The Federal Reserve’s expansionary monetary policies and low interest rates kept gold attractive as a safe investment. Gold prices remained relatively stable before the election but surged after due to concerns over the "fiscal cliff." 3- 2008 Election (Barack Obama vs. John McCain) : The 2008 global financial crisis had a massive impact on gold prices. In the months leading up to the election, gold saw increased demand as a safe haven. Economic uncertainty and large bailout packages led to a significant rise in gold prices during this period. 4- 2000 Election (George W. Bush vs. Al Gore) : The 2000 election was marked by the "hanging chad" controversy, causing significant political uncertainty. This drove demand for gold. In the months before the election, gold prices rose, and after the election, due to ongoing political unrest and doubt over the result, gold saw further increases. 5- 1980 Election (Ronald Reagan vs. Jimmy Carter) : During this period, severe inflation and political uncertainty, both domestic and international, increased the demand for gold. In the months leading up to the 1980 election, gold prices were on an upward trend and reached new highs. Conclusion : History shows that gold often rises in the lead-up to U.S. elections due to political and economic uncertainty. Elections coinciding with financial crises or heightened uncertainty (such as in 2008 and 2016) have had a greater impact on gold price surges. ---------------------------------------------------------------------- Now, let's see how gold has performed in November . Here’s a summary of the percentage changes in gold prices during November over the last 10 years : 1- November 2023 : Data not yet available, but gold has been volatile due to economic and inflation concerns. 2- November 2022 : Approximately +8% increase due to lowered interest rate expectations and recession concerns. 3- November 2021 : Approximately -1% decrease due to rising interest rates and stronger financial markets. 4- November 2020 : Approximately -5% decrease post-U.S. election, but demand remained high due to COVID-19 and stimulus packages. 5- November 2019 : Approximately +3% increase due to the U.S.-China trade war. 6- November 2018 : Approximately +1% increase after a few months of decline. 7- November 2017 : Approximately -2% decrease due to stock market growth and higher interest rates. 8- November 2016 : Approximately -7% decrease following Trump’s victory and market optimism. 9- November 2015 : Approximately -6% decrease due to anticipation of the Federal Reserve raising interest rates. 10- November 2014 : Approximately -5% decrease due to a stronger U.S. dollar and improving U.S. economy. 11- November 2013 : Approximately -4% decrease due to global economic recovery and the Fed's exit from its quantitative easing policies. Gold in November tends to be influenced by changes in monetary policy and economic conditions. Years with inflation or uncertainty saw increases, while years with economic recovery and rising interest rates experienced declines. But in general, there has been a downward trend, especially in the years when the US presidential elections were held. 🔔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.
OANDA:XAUUSDShort
by pejman_zwin
3
Gold Analysis==>>Correction!!!Gold moved as I expected✅ in the previous post . In this post, I also use the Bollinger Bands Indicator , it seems that Gold reacts well to the lines of this indicator. So as long as Gold reacts to these lines, you can use this indicator . Gold is currently moving in the Resistance zone($2,686-$2,670) and managed to break the Uptrend line . According to the theory of Elliott waves, gold seems to have completed wave 5 . The Gold chart shows three Regular Divergences(-RDs) . One of the most reliable is the Regular Divergence(RD-) in Bollinger Bands Indicator ( Divergence sell signals mostly form at the end of an upward trend, where the price chart forms a peak above the Bollinger upper band and another peak after, below the upper band. ) I expect Gold to drop to at least $2,652 after breaking the Support line . 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDShort
by pejman_zwin
11
Gold Analysis==>>Bollinger Bands!!!Gold ( OANDA:XAUUSD ) moved, as I expected in my previous post . Gold is moving near the Resistance zone($2,686-$2,670) and within the Bollinger Bands Indicator ( we can consider the upper and lower lines as Support and Resistance ). What is Bollinger Bands Indicator!? Bollinger Bands is a technical indicator used to measure market volatility. It consists of three lines: Middle Band: A simple moving average . Upper Band: Two standard deviations above the moving average. Lower Band: Two standard deviations below the moving average. When prices hit the upper band, the asset might be overbought; hitting the lower band suggests it could be oversold. Tight bands indicate low volatility, while wide bands show high volatility. It helps identify potential entry and exit points in the market. According to the Elliott wave theory , Gold seems to have completed 5 impulsive waves . We should expect the Corrective waves to finish and Gold to start increasing again. I expect Gold to start rising again after hitting the lower line of the Bollinger Bands or 50% Fibonacci line and attacking the Resistance lines . 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDLong
by pejman_zwin
1
DeGRAM | GOLD pullback from the channel boundaryGOLD is moving in a descending channel between the trend lines. The chart maintains the descending structure. After reaching the upper boundary of the channel, the price reacted with a pullback and is now trading under the resistance level, which coincides with the 62% retracement level. We expect a continuation of the decline from the resistance. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
4
DeGRAM | GOLD testing of the upper channel boundaryGOLD is moving in a descending channel between the trend lines. The price has descended, reaching the upper boundary of the channel. The chart maintains the descending structure. The resistance level coincides with the retracement level, which the price will have to overcome to continue the growth. We expect that the chart will continue to decline after retesting the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
3
Gold (XAU/USD) - Potential Bearish Continuationhello guys. let's analyze gold! Price Action: The chart shows gold is currently trading within a descending wedge. The price has been rejected from the upper boundary of the wedge, indicating a potential reversal. There’s a clear lower high formation, which suggests a shift towards a bearish trend. Key Levels: A significant support zone exists around 2,585 USD to 2,590 USD, marked by the purple highlighted area. The price is likely heading toward this support if the bearish momentum continues. The current resistance lies near 2,667 USD, which acts as the upper boundary of the wedge. Bearish Scenario: The chart indicates a potential downward move if the price breaks below 2,627 USD. The next target for the bearish movement is the 2,590 USD area. If this level fails to hold, a deeper correction could follow.
OANDA:XAUUSDShort
by melikatrader94
13
Gold Analysis==>>Ready to PumpToday, on October 10, 2024 , key U.S. economic data were released, including Core CPI m/m , CPI m/m , CPI y/y , and Unemployment Claims . These reports provide insights into inflation and the labor market, which have significant implications for financial markets, including gold. Impact of Today’s Parameters on Gold : Core CPI m/m : Increased by 0.3%, indicating persistent inflationary pressures. This could prompt the Fed to maintain high interest rates, which generally puts downward pressure on gold prices. CPI m/m and CPI y/y : Both show easing inflation, which might reduce expectations of aggressive rate hikes, benefiting gold, as lower interest rates reduce the opportunity cost of holding non-yielding assets like gold. Unemployment Claims : Rose to 258,000, signaling weakness in the labor market, which could increase demand for safe-haven assets like gold. Overall Impact : Easing inflation and rising unemployment support gold prices, but persistent inflation could lead the Fed to keep interest rates high, limiting gold’s upward potential. Now, let's go to the Technical Analysis of the Gold chart in the 1-hour time frame . First, I must say that Gold moved very well according to the previous analysis ✅. Gold ( OANDA:XAUUSD ) is moving near the Descending Channel's upper line and the Resistance zone($2,640-$2,620) . I expect Gold to break the Resistance zone($2,640-$2,620) after breaking the descending channel and rise to at least $2,640 . ⚠️Note: If gold goes below the Potential Reversal Zone(PRZ), there is a possibility of breaking the Support line and the Support zone($2,600-$2,580).⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDLong
by pejman_zwin
5
Gold Analysis==>>Symmetrical TriangleGold seems to have succeeded in breaking the Uptrend line and has also formed a Symmetrical Triangle pattern . According to the Elliott wave theory , Gold has succeeded in completing the main 5th wave . I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle . ⚠️Note: Tensions in the Middle East can directly affect the trend of Gold, so pay more attention to capital management.⚠️ Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDShort
by pejman_zwin
9