XAUUSD: 100% Profit Opportunity
Gold has once again surged past 1970, with CPI data directly altering its trend. However, I believe a downturn is inevitable in the range of 1975-1980 today. Shorting remains the safest trading strategy, and it can be held for the long term.
I will be sharing the latest trading strategies with you for free every day, along with sending out trading signals. Currently, the accuracy rate is at 95%. I will also share screenshots of my trades to assist you in easily making profits. Make sure not to miss out on this opportunity.
Goldtradingsetup
XAUUSD: 17/11 today’s trading strategyIn early trading in the Asian market on Friday, gold prices fluctuated around 1985. Data on Thursday showed weakness in the labor market, which, coupled with recent inflation data, further strengthened the view that the Federal Reserve is unlikely to raise interest rates further. These unfavorable data for the U.S. economy exacerbated the decline in U.S. Treasuries, causing gold prices to rise.
Gold is in a bullish trend. The technical aspect is that the low on the left side of the symmetrical form and the 4-hour MA10 are both supported at 1972-69. This seems to be the most reasonable technical level to take the long position. However, today Friday, if the gold price wants to rise above 2000 again, it is bound to It will not give too much room for retracement. The low of 1980 last night went sideways and has not actually broken down yet. There is a high probability that it will rise directly from 1982 to 1996-2002 - or even break the previous high today.
So now we are long in the 1981~1984 range
If it unexpectedly falls back to 1970, then continue to go long near 1970
XAUUSD IdeaPrice has been bearish for the past month due to the ongoing altercations in the world currently.
Price has since had a pullback creating LL and LH on the 4H Timeframe.
We've finally broken the swing points and price appears to be bullish. creating new LL and HH. Using this we can see price broke stricture abruptly, leaving behind and order block and imbalance.
MONSTER Trade on GOLD, If Only I held right? It appears the dealer is still very much interested in those buys we spoke about earlier this week
The move yesterday has confirmed what I thought - although admittedly, I definitely didn't expect such an aggressive drop yesterday.
That being said - I didn't get to capture todays buy move but I feel glad to know that I was overall on the right side of the move and didn't fall for the induction
Had I held my buy position and not trailed I'd still be in my trade - Trade would be up about 1:10 but coulda, shoulda, woulda...didn't right?
On to the next
Stop trying to trade against the momentum people - obviously different styles will allow for different things but if you are more inclined to trade longer term or hold trades for longer - try to not trade against the momentum
XAUUSD Analysis - Nov 16
Gold is currently trading within the range of 1955-1975, exhibiting overall volatile upward movement. Effective support is formed near 1955, and today's focus is on identifying two suitable entry positions.
Gold Support: 1955-1950-1945
Gold Resistance: 1975-1980
Initiate trades when gold reaches the specified resistance and support levels. I can tailor a trading plan that best suits you, ensuring stable returns.
XAUUSD: 16/11 today’s trading strategyIn early trading in the Asian market on Thursday, the price of gold has maintained a volatile upward trend since the opening of today. Currently fluctuating around 1967. Gold prices encountered selling pressure yesterday as U.S. retail sales data for October showed a slower-than-expected decline. Spot gold began to correct after hitting a one-week high of 1974.73. The main reason for its failure to remain above 1970 was the correction of the U.S. dollar and the rebound in U.S. Treasury yields.
Yesterday, after the gold market opened at 1962.6 in early trading, the market first rose, with the daily highest touching a position near 1974. However, due to the influence of fundamental pressure and the daily technical Bollinger standard pressure during the U.S. market, the daily line finally closed at 1959.2, forming an inverted hammer shape with a very long upper shadow line. After the closing of this form, there is a certain technical pressure for the market to fall back today.
Gold fell after rising to 1974 on the 4-hour chart, and is now temporarily under pressure from the upper track. From the perspective of technical indicators, the stochastic indicators MA5 and MA10 on the 4-hour chart have golden crosses upward, and the MACD double lines continue to create red kinetic energy columns upward. Based on the trend inertia of these indicators, it is expected that today will be dominated by adjustments. Based on the trend of the K-line itself, the current trend of gold is a correction under pressure, and it may also need to step back to accumulate strength. The kinetic energy of MACD is gradually declining. We judge based on the directionality of the indicator that there is an opportunity to open short under pressure. Short-term pressure focuses on the 1970 mark, and the price is expected to fluctuate downward during the day.
It is recommended that the short-term operation of gold today is mainly short-selling on the rebound.
Sold in the 1970-1973 range,
Buy in the 1958-1961 range.
GOLD Absolutely DESTROYS Sellers - As PredictedHey guys what's up Brandon here, ekatatrading. So I am here to discuss what really happened today through my own views. Now the first thing we must establish is that gold overall is a bull market..do we agree with this? Yes? ok good..
That being said - if that is the case, ultimately buys SHOULD make sense when the opportunity presents itself right?
I see most traders all the time ignoring the momentum in hopes of catching the absolutely highest high for a sell or the lowest low for a buy - THE PROBLEM WITH THIS IS - how do you know where the highest high or the lowest low is?
One trader responded to me by saying - "if I have to ask, it's because I haven't mastered my tools" true story. Let me let you in on a little secret - there is NO tool that will tell you this information. Your job is to figure out to the best of your ability what is likely to happen and that is it.
Now saying that I want to present you with an alternative to calling a top or bottom - it's simple really - Let the market tell you where it is going and get on for the ride..that's it.
Anyone who has been following me for any amount of time will have heard me say at least once -
NEVER GO AGAINST THE MOMENTUM UNLESS A REVERSAL IS CLEAR - Ekatatrading
This is a law and cannot be broken...at least for me and it works really damn well.
I found my entry using the M1 timeframe and as I am typing this I am still very much in the trade.
I also want to let you remember - I show and discuss my losses as well (ON THE RECORD) go to my profile you'd see
The trick is to make sure when you lose, it isn't the end of the world
Have a great rest of your day guys
XAUUSD:15/11 Today’s Trading StrategyIn the Asian market on Wednesday, the U.S. dollar index closed at 104.16, continuing its weak trend after being short overnight. The U.S. core consumer price index (CPI) in October was unexpectedly weak, rising 4% year-on-year, below expectations of 4.1%. Gold prices stabilized at 1,962 after an overnight rally amid sharp selling in the U.S. dollar, which was affected by CPI data, causing the U.S. dollar index to fall sharply. However, in the Asian market, gold reached the 1970 position again after establishing its foothold in 1962.
Gold experienced a bottom-out recovery process on Tuesday, with the lowest point at the 1943 area, forming support. The highest point appeared after the US market accelerated, reaching 1970.74. The closing price was 1963. There is a big positive line on the daily chart, the low price did not fall below the previous low, and the high price broke through the previous high, showing that the upward trend is still continuing, and the market outlook is bullish. From a four-hour perspective, gold formed a support when it hit around 1930 and began to rise, and has now entered the second wave. After breaking through 1948, a small N-shaped breakthrough appeared. It is expected that there will be a small adjustment in the short term, but the overall upward trend will not change.
Based on the above analysis: After the gold pattern breaks through, you can first consider retracing and going long today.
BUY:1956~1959
SL:1952
TP1:1965
TP2:1970
SELL:1977~1980
SL:1984
TP1:1971
TP2:1965
GOLD SELLERS May be getting Over-Confident UPDATE - in this current area (purple circle) it appears that price is sticking around for some time
My question to you is - who do you think will increasingly become interested at this area (purple circle)
In my opinion it is buyers
Meaning their stop losses might be below the zone (purple line)
BUT
That is not all - Who would be interested in price breaking below that zone because the market has been bearish for the past few days?
I think sellers because remember I told you in my analysis a few days ago - the dealer has to give sellers a win because he doesn't want them to become smart and stop going against the direction (counter trend)
Who do you think is all riled up right now? SELLERS
Don't believe me? go in the Gold live trading chat on tradingview and read what everyone is saying
Sellers are interested in the break out
if the dealer creates that breakout sellers will sell
The question is - will he continue to sell?
My advice is to continue to wait for CPI to occur and let's see what is what from thereUPDATE - in this current area (purple circle) it appears that price is sticking around for some time
My question to you is - who do you think will increasingly become interested at this area (purple circle)
In my opinion it is buyers
Meaning their stop losses might be below the zone (purple line)
BUT
That is not all - Who would be interested in price breaking below that zone because the market has been bearish for the past few days?
I think sellers because remember I told you in my analysis a few days ago - the dealer has to give sellers a win because he doesn't want them to become smart and stop going against the direction (counter trend)
Who do you think is all riled up right now? SELLERS
Don't believe me? go in the Gold live trading chat on tradingview and read what everyone is saying
Sellers are interested in the break out
if the dealer creates that breakout sellers will sell
The question is - will he continue to sell?
My advice is to continue to wait for CPI to occur and let's see what is what from there
GOLD to continue to BUY?Alright so I know it may be a little confusing but let me explain what I am seeing
Firstly we know that gold has been bearish for the last few days or so
HOWEVER
Looking at the move from yesterday we can assume that it created a W pattern which signs that the reversal may have already begun
I say Reversal because GOLD is at the end of the day a bullish market
SO
It makes sense that it will reverse to go back in that direction after inducing sellers for this period
We see (in green) the bull momentum began yesterday breaking above a zone I have drawn - and in this zone I believe that both buyers and sellers would have been induced here (red circles) Some would be buying, some would be selling
We also know that we have a news even in about an hour and 20 minutes from the time of me typing up this
What I believe is that gold will try to take out liquidity from the bottom of this zone (Blue line) and then continue its climb from there
Again I know it is messy but this is the way my mind works
I feel like sells are becoming less and less effective and buys are beginning to make more sense but we have to wait to see what happens at the low of this zone
What do you guys think?
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 4H : Waiting for CPI News GOLD
New forecast
Gold prices remained stuck in a narrow range, today, Tuesday, as it stabilizes near the level of 1945 Dollar per ounce, as investors await the release of consumer price index data in the United States today.
Keep an eye out for important data
Market participants around the world are awaiting US CPI data scheduled for Tuesday, and Producer Price Index data scheduled for Wednesday.
CPI scenario
If the result released above expectation it will be positive for Dollar and negative for Gold and Indices .
If the result released under expectation it will be negative for Dollar and positive for Gold and Indices .
If the result released as expectation it will be negative for Dollar and positive for Gold and Indices but not very significantly .
Technical abstract :
The price perfectly fulfills my last idea and price reached to our first target +60 pip .
The price of gold traded with noticeable positivity after it found strong support at the 1932 level, to test the sub-resistance of 1947, which constitutes a negative incentive that makes us expect a bearish bias during the coming sessions, waiting to test the 1932 level again, remembering that breaking it will push the price to 1916 and 1911.
Therefore the downtrend scenario will be remain valid and effective during coming period supported by Moving average 50 that is continues to support the proposed bearish wave, taking into account that consolidation above 1947 will lead the price to achieve further gains and test the 1962 level as a major positive station. so we will have two zone for sell today 1947 if price break and stabilized above it , it will force the price to rise to reach 1962 and then dropping ,
The expect range trading for today it will be between resistance line 1962 and support line 1932 until stabilized .
Additionally , Today News will affect on the market .
support line : 1932 , 1916
resistance line : 1947 , 1962
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
XAUUSD:14/11 Today’s Trading StrategyIn the Asian market on Tuesday, the U.S. dollar index fell back to 105.6, gold prices remained at a weak level of 1945, and many traders were paying attention to the U.S. Consumer Price Index (CPI) released in the evening. A previous poll by the New York Federal Reserve Bank showed that one-year inflation expectations are declining, while prices in October are expected to fall to 3.3% from 3.7% in the same period last year. Core CPI is expected to be 4.1%, unchanged from the previous reading.
Gold prices showed a bottom-out trend on Monday. The lowest point hit 1931.5 and then rebounded quickly. The highest point reached 1949, but it adjusted after encountering resistance. The last closing price was 1945.97. On the daily chart, gold closed with a Zhongyang line, which indicates that gold has begun to stabilize after continuous declines. Judging from the overall trend, gold is still in a downward channel, with the upper long-short watershed at 1953. If this mark is exceeded, the platform resistance level of 1965 will be tested. Below, gold has formed a long-short reversal signal at the 1941 level. Touching this level for the first time today will become a support level. If there is an unexpected break below this level, the previous low of 1931 will need to be watched.
Based on the above analysis: Gold is expected to bottom out and form a bull reversal. The price of gold is expected to fall first and then rise today.
BUY:1935-1938
SL:1931
TP1:1942
TP2:1948
SELL:1957-1959
SL:1965
TP1:1953
TP2:1948
XAUUSD:13/11 Today’s Trading StrategyDuring Monday's Asian trading session, the price of spot gold continued to be under pressure, with the current gold price around 1,939. Last Friday, spot gold dropped sharply by $20.38, or 1.04%, at the close, with the final closing price being 1938.07. From the instant breakdown in early trading to the rapid recovery of 1918, the price of gold has now fallen below multiple support levels at the daily level. At the same time, the trend of the K-line continues to be suppressed by the short-term moving average, showing a volatile downward trend. Then gold's downside space on the daily level may not be fully released yet. At present, we need to pay close attention to the pressure in the price range of 1943-1945. If this pressure level cannot be effectively broken, the price of gold may continue to fall.
Over the last week, gold prices have continued to fall and fell below new lows, and the bearish trend remains very strong. If gold prices continue to rebound and rise, the resistance level of 1944-1947 will put greater pressure on bulls. At the same time, it is calculated that the upper long-short dividing line is located at 1954. Before the gold price fails to break through this level, the downward trend of gold will not change. The lower support level focuses on the 1930-1920 area.
Comprehensive analysis: After gold plummets, the market may experience a volatile range. However, if the breakout to the upside cannot continue, then the bearish trend will continue. Therefore, today's operation strategy is mainly to consider rebound short selling, supplemented by long low position.
SELL:1944~1947
SL:1951
TP1:1938
TP2:1932
BUY:1929~1931
SL:1927
TP1:1935
TP2:1938
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
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XAUUSD Longs from 1920 up towards 1960 (possibly higher)Gold is now looking very promising for another impulsive move to the upside which I'm expecting to happen around the price of 1920-1930. As price is approaching I'm waiting for a wyckoff accumulation to play out and a clean CHOCH so we can enter our buys back up.
As there is some asian lows around that region between the 5hr and the 4 demand, I would wait for that to get taken in the form of a spring to generate a better quality setup without there being potential reversal magnets against our trades. We will be targeting the 1960 POI as there is a good supply there that could potentially get respected however, as there is lots of liquidity lying above I would be expecting all of it taken as I am overall BULLISH on gold.
Confluences for XAUUSD Longs are as follows:
- Price approaching a strong level of demand (5hr & 4hr) that has caused BOS to the upside.
- The trend of the market is overall bullish and expect gold to take ATH's eventually.
- Price has swept lots of trend-line liquidity on the way down and has filled in imbalances that was left from the previous impulsive move to the upside.
- Lots of liquidity lying above in the form of trend line liquidity and lots of untouched Asia highs.
- Bearish momentum is now getting exhausted as we see price slow down ready for a potential reversal in the market back up.
P.S. Im looking forward for this move to play out post CPI as I don't personally trade news events due to its extreme volatility. However, as this will be a trade with the overall trend we can definitely be expecting another major rally that will break structure the upside.
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 =)
XAUUSD:10/11 Today’s Trading StrategyOn Friday, gold in the Asian market was operating in the 1955-1960 range. Spot gold ended three consecutive days of decline, getting rid of the lowest point in nearly three weeks, and once exceeded 1960. From the perspective of technical analysis, the daily head-and-shoulders top pattern has been partially formed, and the right shoulder's 2004 decline has now reached $50. This decline may have room for correction in today's trading. At present, after three consecutive trading days of decline, the market has rebounded, but the pressure point is located near the 1970 middle track of the daily cycle Bollinger Bands. Therefore, the key resistance level for today’s intraday rebound is near 1970. If it can hold above 1970, the market may continue to rise.
Gold stabilized at a low level yesterday and rose, forming a double bottom at 1944. Gold's US market combined with data pushed it higher. The highest point was resistance at 1965.4, and finally closed at 1958.33. The daily line ends with a small positive line with an upper shadow line. After the continuous decline, the gold price closed the positive line for the first time. This does not yet represent a reversal of the trend. The short trend temporarily paused and changed from a straight decline to a shock range. At the four-hour level, the Bollinger Bands show signs of narrowing. The dividing line between long and short is at 1979. After breaking through this level, the price of gold will strengthen again. Otherwise, it will continue to maintain a short retracement. The support below will focus on 1953, and if it breaks, look at 1944.
SELL:1968-1970
SL:1975
TP1:1962
TP2:1955
BUY:1947-1950
SL:1944
TP1:1957
TP2:1963
XAUUSD: 9/11 Trading strategy todayIn Thursday’s Asian trading, the price of gold fluctuated around 1950. As concerns about volatility gradually ease, gold prices have continued to fall over the past three trading days, and the precious metals market appears to have entered a correction phase. Yesterday Wednesday, gold prices fell for the third consecutive day. Spot gold prices fell for a third straight session, falling to a fresh three-week low. During the U.S. trading session, the decline in gold prices further expanded, falling below the key price of 1950, and finally closed down 0.97%.
Gold continued to fluctuate and fall yesterday, forming a resistance level in the 1970 area. The price of gold showed a downward trend since the early trading, and fell to the lowest point of 1947 in late trading, finally closing at 1950. There is a big negative line on the daily chart. The closing price did not break through the previous high, but the lowest price hit a new low, showing that the gold short market is still continuing. From the four-hour level, gold encountered resistance after reaching a high, then experienced a short decline and showed a divergent trend. It is currently in the acceleration stage of three waves of decline. The support below is at 1939, while the dividing line between long and short is at 1960. At the same time, the key point of 1970, where the price of gold breaks down, is also an important resistance level.
Comprehensive analysis: Gold is currently still in a short trend. The short-term gold operation strategy during the day suggests that the top short-term focus is on the resistance level of 1958~1960 for selling, and the bottom short-term focus is on the 1938~1940 support level for buying.
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.
XAUUSD: Today’s trading strategy
DXY fell sharply after reaching a one-month high, falling sharply from above the 107.00 mark to around 106.30. This trend of a weakening US dollar caused the price of gold to rebound rapidly from the low point. Spot gold rose sharply from the low of 1969.80 after the Federal Reserve decision. From the announcement of the FOMC decision statement to the end of Powell's speech, gold fell first and then rose, basically recovering its losses, and finally closed. Down 0.08%, rebounding to 1985 so far
Based on the strong rise of gold after being affected by fundamentals, we can see the daily pattern. After this pattern ends, gold will continue to be under pressure. From a 4-hour perspective, the first downward trend has stabilized, initially forming an effective support at 1970, while also holding above the 1953 critical point of strength and weakness. It is expected that the trend of testing will continue today. In the short term, the price will first remain between the upper and lower tracks of the 4-hour Bollinger Band. That is to say, non-agricultural data will be released tomorrow, so be prepared in terms of risk control. It is expected that the price of gold will not fluctuate much before this, and will continue to maintain a pattern of high fluctuations and consolidation. To sum up, gold is in a state of shock after a downward trend. The rise of gold has once again stopped at the 1993 line. Today it continues to fluctuate. The upper side focuses on the short-term short-term resistance of 1993-1995, and the lower side focuses on the vicinity of 1971-1973 for the long term.
SELL:1993~1995
SL:2000
TP1:1988
TP2:1984
BUY:1971~1973
SL:1967
TP1:1978
TP2:1983