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Goldtradingsetup

GOLD actively inducing BUYERS within the range?Good Morning Folks - Virtually not a lot of movement on gold as price is still within the range - Not going to even bother to look for anything today as trading within the range for my style doesn't provide much opportunities If trading within a range works for you - now is your chance but personally I feel like gold hasn't been up to much in the last 3 or so days Also again I will remind you - gold is a bull market - The dealer's target will be buyers..it is interesting that so many buyers may be induced along these trendlines that are forming WITHIN the range Meaning - you are being induced to buy for the market to essentially go nowhere Maybe?? Not a lot of sellers being induced as of this point s the only real area they can be induced is at the high of the range - but if gold continues to buy in accordance with its momentum - the sellers would naturally be taken out This is why I believe that it makes sense for more buyers to be induced at this time I will also leave a link to the last idea I posted here - This is to remind you of the two different possibilities I am expecting on GOLD But I feel like a spike downward (pink line) to take out all buyers below the range then more buys upward back to the ultimate high makes more sense Set your alerts and sit and wait - one thing I think is very possible is...it's going to be a massacre tomorrow for NFP Downvote if you didn't read this entire post and didn't stop to try to understand - if you still disagree then absolutely downvote OR Upvote if you did read this entire post and did try to understand
OANDA:XAUUSDLong
by Brandon_evo4
3
GOLD XAUUSD Technical Analysis And Trade IdeaIn recent times, GOLD (XAUUSD) has exhibited a robust bullish trajectory. This video meticulously dissects this trend, delving deep into price actions and uncovering potential trading opportunities through comprehensive examinations of both weekly and daily timeframes. Expect an exhaustive evaluation of price dynamics, market patterns, trend evaluations, and essential technical analysis elements. It's pivotal to underscore that the information shared here serves solely for educational purposes and should not be misconstrued as financial counsel.
OANDA:XAUUSD
by fxtraderanthony
2
Will gold hit a new record high after NFP? In recent days, gold has seen a remarkable surge, reaching an all-time high of $2070, fueled by growing speculation surrounding the Federal Reserve's potential monetary easing in 2024. This surge coincides with mounting signs of a cooling U.S. labor market, which has captured the attention of traders and investors alike. Traders are currently factoring in a 60% probability of a rate cut by March of the following year, as indicated by CME's FedWatch Tool. This expectation is rooted in the belief that reduced interest rates could make zero-yield gold more appealing compared to alternative assets like bonds and the dollar. This week's Labor Department report added weight to the notion of a shifting labor market, revealing a decline in job openings to 8.73 million in October— the lowest level since March 2021. As these indicators set the stage, all eyes now turn to the upcoming U.S. non-farm payrolls (NFP) data, scheduled for release on December 8. This data holds the potential to be the decisive factor shaping the future trajectory of both gold and silver prices. Traders are now gearing up for the NFP report, anticipating it to confirm the softening of the U.S. employment market. The consensus forecast of +185K jobs added falls below the one-year average, setting the stage for a potential shortfall in job additions. This outcome could further amplify dovish expectations for the Federal Reserve in 2024, potentially paving the way for gold to hit new record highs in the aftermath of the NFP release.
BLACKBULL:XAUUSD
by BlackBull_Markets
Xauusd:Interval resistance support Yesterday's crazy gold finally calmed down today. Today, the United States will release November's service industry PMI data, as well as JOLTs job vacancy data, which are all very important news. Will it make gold crazy again? Let's continue to see. Yesterday we mentioned that Friday's non-farm payrolls is a time window to determine the future direction of gold. Before Friday, I think there is a greater chance of range fluctuations, but crazy gold cannot be treated with the usual eyes. So we have to follow the trend to trade and trade small lots, so that you will have more room to increase your position. Judging from the chart, gold has fallen below the upward trend, but stopped falling on the VWAP trend line, so today we can observe the range of 2050-2020 Aggressive traders can gradually sell above 2040 and gradually increase their positions. The stop loss is set at yesterday's support point of 2055. If you already have a buy order, you need to observe the strength of the support point. If you fall below the support point and are blocked, you should make a stop loss to reduce your loss. As long as you follow my strategy, your success rate will be greatly increased. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
QUESTIONS I have for GOLD | GOLD IS A MONSTERDo you think zones create price? or price creates zones? It is a question most traders would never ponder right? Be honest, have you? I ask myself this question rather frequently and the more I ask it the more I realize that it makes more sense that price creates the zones. The reason this is important is because if we know that zones are being created with price we know that there is a high level of manipulation that occur at the very zones many traders believe can hold. Think about it - why do you think gold would have destroyed that high so beautifully last night? it is very likely because traders would have been induced to sell off the ATH (all time high) as they would have done so 3 times in the past 3 years. The dealer knows this and will take full advantage of it. Your job as a trader is simple - ask as many questions about what you are looking at as possible because it is asking the relevant questions you get relevant answers or close to relevant as possible. So now, I have to ask - do you ask a lot of questions when you produce your analysis? or do you simple make your drawing, make your assumption and then prepare for entry? If it is the latter I believe this is the wrong way and is more rooted in guessing than analyzing. I'm not saying you need to be like me and explain everything down to the T but I do believe we can ask more questions about what it is we are looking at - this in turn should give us a better idea of what is likely to occur without feeling like we are taking shots in the dark. In closing - I will be watching gold for a temporary sell if this momentum can continue however I am still constantly wondering what is the reason the dealer would show sells in such a bullish market after just surging through the high, buys remain elusive at this time but I will update if I see a buy. Downvote\Don't boost if you didn't read\listen to this entire post and don't understand OR Upvote\Boost if you did read\listen to this entire post and do understand Follow me for more breakdowns like this
OANDA:XAUUSD
by Brandon_evo4
2
GOLD LOL - Heavy Manipulation on GOLD | Saw it coming days ago!Hey guys what's up Brandon here, @ekatatrading, this idea isn't to give a signal - it is more so to give my understanding of why I thought that gold could do something like this weeks ago, I will link these Tradingview ideas in this post. Sellers really didn't understand that any sell they would have taken would have been an induction, it didn't mean that you couldn't sell - it simply meant that you had to be aware that the sell would have been temporary, this is something that I would have mentioned in EVERY SINGLE POST I MADE REGARDING SELLS in any way on gold. The sell was always meant to be a short term thing on gold because again as we know - the gold market is and always has been bullish. Given the circumstances now - I highly advise against placing trades in ANY DIRECTION on gold - whether it be buys or sells, as if you just check most brokers you'd probably realize the spreads are much wider than normal and gold is easily jumping hundreds of pips in literal seconds. Not good for an entry in my professional opinion. Just imagine, other "professionals" are telling you to sell now because again they don't realize that it's still very much a heavy induction (manipulation) and here I am - just a simple guy who likes explaining what I see, telling you that trading now may not be the best idea. It's also quite interesting, most people won't read this entire post and an even smaller percentage of people who actually take the time to read what I am saying will take me seriously, but I guess that's why a small group of traders actually make all the money in this industry right? The money has to come from somewhere lol Downvote\ don't boost if you didn't read this entire post and don't understand OR Upvote\ boost if you did read this entire post and do understand Follow to see more heavy in-depth analysis like this in the future - I don't sell signals, I give my analysis here on Tradingview FOR FREE! Can your signal provider do that?
OANDA:XAUUSDLong
by Brandon_evo4
2
Will Gold retrace to retest support then head to test ATH?Good afternoon traders, Although the trend for Gold is bullish as the weakening US Dollar is seemingly more and more bearish with all the dovish signs from the FED, gold has met resistance at the 1945 area and may be showing signs that it is over extended and is going to need to retrace to the nearest support areas, (2035, 2030, 2015, 2005) before continuing up towards the ATHs. We will be looking for buying opportunities along the way. My current target buying area is 2005-2020 obviously depending on how the precious metal decides to react. From there I will be looking at targets around 2060+ depending on if gold goes into price discovery from there. As of now this is my analysis on gold, but if the market changes then my analysis may also change. Remember we cannot guarantee where the market is going to move, but we can determine how we are going to react to it. Anything I write and post is not financial advice, it is strictly my analysis on where I may personally place my trades. I will post updates as the trade moves forward. Happy trading everyone have a wonderful Thursday!
OANDA:XAUUSDLong
by iBuildwithStone
2
GOLD remains a BULL Market despite SELLERS desires"NEVER GO AGAINST THE MOMENTUM UNLESS A REVERSAL IS CLEAR" - @ekatatrading \ Brandon Abass This is a law that I have created for myself many years ago and it continues to serve me to this day - like I would have mentioned earlier today I missed my opportunity to buy but never the less the law holds true. Please Note - this is not me telling you to BUY here but I am saying Don't sell lol Selling at this point in time on gold in my opinion is extremely dangerous as it is a very very obvious level in which sellers would be interested - Now if you are ok with being like everyone else & getting results like everyone else...then YES, ABSOLUTELY SELL HERE NOW! But at some point we have to stop and take charge of our own decisions and realize that following what everyone else will do in certain scenarios is what is leading you astray. GOLD at the end of the day is a bull market and if you are selling - I'm sorry but I got some news for you buddy, you may win today but it will take back that money from you at some point very very soon unless you understand the absolute flow of things. NOW, this may seem like a pretty ignorant statement without me covering different trader styles, maybe you want to sell and not hold for very like in the sense of doing a scalp type trade..this could work if your timing is very good and you are aware that the sell will be very temporary and is extremely dangerous but I've seen some traders selling with take profits back at the 2000 level - if gold gets back down there well we definitely have a problem for buyers. All in all - let the momentum tell you what is likely to occur rather than guessing and calling it "an analysis". Godspeed to all sellers, may the odds be in your favor Downvote\don't boost if you didn't listen and or read this entire post and don't understand OR Upvote\boost if you did listen and or read this entire post and do understand
OANDA:XAUUSDLong
by Brandon_evo4
XAUUSD:1/12 Today’s Market AnalysisGold technical chart daily line upper pressure 2050-2075 and lower support 2001 Four-hour upper pressure 2050-2075 and lower support 2030 One hour upper pressure is 2050 and lower support is 2030 From the daily line, we look at the lower support 2001-2010, 2030 in four hours, and 2040 in one hour. We continue to look at the 2100 mark. If gold retreats and continues to do long, we will first look at 2050-2075-2100 (high positions to chase long positions, low prices The position can be increased appropriately) Long orders: Go long near 2040 (can enter the market repeatedly) Go long near 2030
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 30/11 market analysis, long at low pricesYesterday, the gold market opened at 2041 in early trading, and then the market rose directly, with the daily maximum hitting 2051.8. However, after touching the previous historical pressure, the market began to fall back, with the daily line falling to as low as 2035.2. Then, the market fluctuated and rose again, and the daily line finally closed at 2044.1. From the daily chart, gold shows a spindle shape with the upper shadow line slightly longer than the lower shadow line, which means that gold may continue to adjust at a high level. The 4-hour chart shows that after the increase in volume, the market has undergone a consolidation correction on the small negative line, maintaining a consolidation transition above the middle track. Although the strong bull trend has not changed, yesterday's correction and the next day's heavy volume are common bull consolidation moves. In the hourly chart, Bollinger Road began to parallel and level off, and consolidation and correction may continue today. There is a high probability that it will hit new highs again during the U.S. trading session today or tomorrow. Pay attention to the important support below the 2030 line. As long as this level is not broken, gold will maintain its upward trend. Today it is recommended to set SL in the 2030-2035 area and then buy gold.
OANDA:XAUUSDLong
by ActuaryJ
GOLD MORE BUYS? - Maybe Not Yet - Destroy buyers FIRST!Given that gold would have bought really aggressively yesterday after destroying sellers at the previous high, I believe the dealer needs to take the opposite side of things temporarily. What I mean by this is that the dealer needs to worry about traders who now ACTUALLY have the direction correct (BUY) In a bull market buyers WILL win if they can get their entries right OR they have enough patience to endure a lot of drawdown. The dealer knows this and in a bull market - BUYERS will always be a problem for the dealer (the opposite holds to be true in a bear market about sellers). That being said - it makes sense (in my opinion) to not only induce buyers now but to get rid of them as well and even get some sellers on board because if the dealer had enough liquidity to buy the market, guess what - that is exactly what he'd be doing Exhibit A - The bull move from yesterday That being said - I think it makes sense for the dealer to drive price a bit bearish at this point so that he can now build liquidity out of thin air by not only getting sellers back on board within this gold market but by also getting rid of buyers who had less than ideal stops along the bull move of yesterday Continuing to look for buys at this point would be dangerous (in my opinion) as it is not only NOT bullish enough to facilitate buys but it isn't buying at all as of the time of me writing this Personally I'd like to see price drop a bit more before considering more buys What do you think? Downvote\don't boost if you didn't read\listen to this entire post and don't understand OR Upvote\boost if you did read\listen to this entire post and do understand
OANDA:XAUUSDShort
by Brandon_evo4
XAUUSD:29/11 Follow the trend and continue to buy goldGold continued to fluctuate at a high level yesterday. During the U.S. trading session, speeches by Federal Reserve personnel stimulated market expectations for the end of the Fed's interest rate hike cycle, causing gold to continue to rise higher and break through the pressure in 2020. The high point once stood above 2040, and the daily line closed at 2040. A real body saturates the positive line. The current trend of gold is fully in line with expectations. It is only a matter of time before it hits the historical high of 2070-80. Therefore, the intraday operation remains bullish. The bulls in the gold 1-hour channel diverged strongly upward, hitting new highs in succession. As long as the low in the range of 2038 is not broken, the fall in gold is an opportunity to go long.
OANDA:XAUUSDLong
by ActuaryJ
XAU/USD: 100% Accurate Trading Signals I have consistently been advising on buying gold since last week, and have been consistently reaping substantial profits this week. I have been sharing buy signals continuously. Perhaps you incurred losses by trading against the market trend, but if you start following my signals from now on, there is still an opportunity to profit. Trading signals are shared every day, with the current accuracy rate reaching 98%. Don't miss out on profitable opportunities!
FOREXCOM:XAUUSDLong
by UnknownUnicorn66559481