Gold Next Move | 1h Time FrameMarket Overview: In our view, XAU/USD will likely start the week on a positive note, heading for resistance at 2758. Price action for the pair on the 1-hour timeframe shows a Break of Structure (BOS), which depicts a strong bull in the market.
Trade Strategy:
Entry Point:
Consider buying the market as soon as it opens as close to the present price level as can be, plus any pullbacks to confirm the uptrend.
Target Level:
Target 2758. Do not go into this level blindly, as you may get turned around if the price action shows a reversal at this level.
Post-Target Action:
Bear in mind that when the target of 2758 is hit, your bias should be for a sell position. Looking for a shift in market sentiment should provide a good entry for short trades post hitting the target.
Tips for Execution:
Confirmation: Enter your long positions after making use of such technicals as RSI and MACD that exhibit the buying pressure.
Risk Management: Implement stop-loss in orders below the last three recent swing highs in order to guard against opposition price movements.
Market Sentiment: Always be aware of economic events and geopolitical news that may affect the prices of gold and alter your strategy.
Review and Adjust: Do not open a sell position immediately after hitting the target. Wait for the utterly bullish markets to subside first.
Goldsignals
KOG's RED BOXES - GOLDRed Boxes:
Break above 2755 for 2762, 2768, 2780
Break below 2742 for 2732, 2720, 2709
Many of us sit and wait for the perfect entry, I can tell you, unless you're scalping, this hardly ever happens. The key to get an entry is identifying your target region first! Once you have identified that target region, then start looking not for a precise entry, but a region or a zone you want to be testing your entry in. The skill is not getting in too early, and if you get in too late, you're usually going to be the wrong side of the market. So, use the bias and the red boxes, bullish/bearish above/below. Most new traders struggle with basic support and resistance or identifying zones; hence they’ll usually enter the market at the wrong time and place. This is where red boxes are really helpful, you can use them to identify key regions if you’re scalping or use the higher or lower ones for day trading and managing trades in-between.
KOG’s Red boxes are part of our strategy and are added to our targets to further fine tune our entries and exits. We also use them combined with our hotspots and Excalibur/LiTE targets to keep us in the right direction of the markets, allowing us to trade between the levels, scalp in ranges or in low volume periods as well as identify possible turning points on the pair we’re trading.
We’ve been using these now for a few years and they have proven to work extremely well when combined with our other strategy as well as a standalone strategy in itself, once you have experience. You need to have a plan and you will need to have basic knowledge of price action, you can add MA’s, indicators of your choice, and use these with your own strategy to limit your drawdown and identify when you may be in the wrong side of the market.
You will notice the boxes, just like usual support and resistance will give RIPs. Keep an eye on KOG’s bias of the day together with the targets as well as the analysis we share on the KOG Report updates. This will help you to make a plan for the day, then add the red boxes to your charts and hopefully you’ll notice a difference in your trading.
As always, trade safe.
KOG
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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.
XAU/USD : Bull or Bear ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last night the price dropped to $2708. As I mentioned, due to the sharpness of this drop, I expected the liquidity gap created by the decline to be filled quickly. We saw the price rise from the $2708 demand zone up to $2739, and it is currently trading around $2736.
Pay attention to the $2732 to $2735 range, as it is a key demand zone. If the price can hold above this level, we will likely see further growth in gold. However, if this important support zone fails to hold back the decline, we could potentially see a further drop with the first bearish target at $2727.
In case of continued growth (Scenario 1), the targets will be $2739.5, $2741, $2743.5, $2748, and $2755, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD H & S HARMONIC PATTERN TIME TO RETRACE HELLO TRADERS
As i can see gold had created ATH HIGH 2756$ AS WE ANALYSIS in previous chart successfully hit all given targets chart is attached in comments now we can see gold is rejecting for last ATH and had created now a harmonic pattern H & S its a great opportunity to join the rally till design levels technically its also over bought RSI on weekly chart all time high now above 80 its an some geopolitical talks on going for ceasefire in GAZA and Lebonan Friends its a trade idea with proper risk management make a proper analysis brfore taking any trade ...
Stay Tuned for more updates
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAU/USD : The Next Target is $2743.7 , Why ? (READ THE CAPTION)By analyzing the gold chart in the 15-minute timeframe, we can see that the price is currently trading around the $2734 level. At the moment, the $2728 to $2730 range has become a key support zone for gold. Given that a liquidity pool has formed around the $2738.5 level and another one above $2740, I expect the price to move toward higher targets, maintaining the current support. Soon, we should see gold rise to the main target of $2743.7! Keep a close eye on how the price reacts to these levels.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD Analysis today Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold M15-Scenario Gold has shown positive movement and is currently maintaining its bullish trajectory, bolstered by overall market conditions such as lower bond yields and a weaker U.S. dollar. Stochastic indicators show continued upward potential.
Analysts have identified strong resistance around the $2,678 - $2,730 range. Gold is likely to test these levels again, with a potential breakout if the bullish momentum sustains.
Some experts expect a potential pullback due to overbought conditions, while others believe that geopolitical tensions and macroeconomic factors may push the price higher. Analysts have indicated ranges from $2,600 to $2,800 per ounce, with some even suggesting it could climb higher due to safe-haven demand.
In the short term, it seems gold may experience a slight decline or stabilization after its recent highs, but the broader trend remains bullish amid ongoing uncertainties.
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.
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 .
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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.
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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.
GOLD BUYING MORE AFTER BREAKOUT hello traders as i can see Gold is shining more day-by-day investors are not missing any dip Geopolitical issues are showing us more demand of safe haven in market and technically charts always talk if anyone can read correctly, we can see a fib retracement on GOLD to 0.382 and holding a uptrend line zone now if it breaks last ATH then we can see these new levels on gold before the elections US Economy is shrinking day by day weaker labor markets and more war geopolitical pressure which boost the demand of safe haven GOLD our risk rewards is grt on this trade make a proper analysis before taking any trade it a trade idea by trend and technical view Stay tuned for more updates
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD BUY | Idea Trading AnalysisGOLD is moving in an ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
XAUUSD Potential breakout to a new ATHXAUUSD has broken and closed above the downward channel, signaling a strong bullish trend. As the price approaches the all-time high (ATH) level, there is potential for a pullback as traders may take profits or reassess positions. However, with the current bullish momentum, the market is likely to continue moving higher, even if a slight pullback occurs. If the price does pull back, looking for rejection signs near key support levels could confirm further upside. The target is the resistance zone at 2698
Gold (XAU/USD) Upward Channel with Potential Correctionhello guys!
let's analyze GOLD!
Rising Channel: Gold is trading within a well-defined ascending channel, showing a continuous bullish trend over the medium term.
Resistance Zone: The price is nearing a significant resistance zone around $2,747, which could act as a cap on further bullish momentum.
Possible Double-Top Formation: The chart suggests the possibility of a double-top forming near the upper boundary of the channel, which may signal a short-term reversal.
Correction Expected: After testing the resistance, a pullback to the channel's lower trendline is expected. Previous support levels mark the initial downside targets, which are around $2,724 and $2,708.
Fibonacci Retracement: A deeper retracement could target the 0.618 Fibonacci level at approximately $2,691, where strong buying interest may re-emerge.
XAU/USD : $2700 Reached, What's Next ? (READ THE CAPTION)Upon reviewing the gold chart on the 4-hour timeframe, we can see that gold has finally managed to break above the $2700 level, just as we anticipated in our previous analysis. Currently, it is consolidating above this level. Note that the $2714 level is a key supply zone (based on important Fibonacci ratios) for gold, which is why the price reacted to it. However, at the moment, gold is trading around $2711, and I still expect further growth from gold unless I see otherwise on the chart, in which case I’ll update you. The next short-term targets for gold are $2727 and $2743.7. Keep an eye on how the price reacts to these levels. Also, the most important support zone for gold is between $2673 and $2688.7.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD quick pull-back is in order.Gold (XAUUSD) couldn't have gone better on our last call (October 14, see chart below) as after the expected minor pull-back to the 4H MA50 (blue trend-line), it rebounded and is on its way to our 2750 Target:
As however the 4H and 1D RSI got overbought, we expect a short-term pull-back. Especially the 4H RSI, as you see on this chart, is forming a pattern similar to the September 13 short-term peak sequence that was rejected back below the 0.236 Fibonacci retracement level but was contained/ supported above the 4H MA50.
As a result, we can take a quick sell and target 2705 (0.236 Fib). Notice though that the trend will remain bullish medium-term as long as the 4H MA50 holds, in case you don't want to engage into riskier short-term trades such as this one.
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GOLD (XAUUSD) The Next Strong Resistance
What a bullish week for Gold,
the market updated the All-Time High multiple times this week
Analyzing the historic price action, here is the next potentially
strong resistance that I see.
It is based on a major rising trend line that the market started
to respect last year.
With a high probability, we will see at least a pullback from that.
❤️Please, support my work with like, thank you!❤️
XAUUSD Top-down analysis XAUUSD is in all time high.
Monthly : Historically GOLD is bullish we see market just has broken out of the previous monthly high and currently approaching a new level. As the momentum is high, this week we may see further upside.
Weekly: After back to back 2 weeks of bullish momentum, this week we have seen that market again started to bounce back up with strong bullish engulfer. As Weekly price is in expansion face we may see this week as well a bullish momentum.
15min : This is the timeframe I will be intending to enter the trade. We can identify the support trend line will be waiting for a potential break of structure to the support for entry as explained in the video.
XAUUSD, Healthy Pullback, expect further declineSell XAUUSD at 2720
target 2685.
We're observing a healthy pullback in XAUUSD after a strong rally. This presents a good opportunity to sell.
Here are the reasons why we expect XAUUSD to continue pulling back next week:
* Overbought Conditions:
The RSI and other overbought indicators suggest that XAUUSD is currently overbought. This often leads to a correction or pullback.
* Profit-Taking:
Many traders who bought XAUUSD during the recent rally may be taking profits now, contributing to the downward pressure.
* Technical Resistance:
XAUUSD has reached a significant technical resistance level near 2720. This level may act as a barrier to further upside movement.
#XAUUSD #Gold #Pullback #TechnicalAnalysis #Trading