GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts following on from the election move that gave the drop into the lower Goldturns and our weighted levels all giving bounces inline with our plans to buy dips.
The swing range is providing the swing although the full swing range level has not been tested. We also have the swing completing the retracement range and leaving a candle body close gap above 2696 opening 2724, which will be further confirmed by ema5 lock.
Our current range is now between 2640 and 2724 to play within, until we see a ema5 lock breakout to confirm the next range.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Goldtradingstrategy
Gold Rise to Resistance Zone: Elliott Wave!!!Gold ( OANDA:XAUUSD ) started to correct as I ✅ expected in previous posts ✅. Did you profit from this move!?
Gold started to rise well from the Support zone($2,645-$2,625) and 50_SMA(Daily) .
Gold is moving near the Resistance zone($2,720-$2,700) and the lower line of the ascending channel (broken) .
According to the Elliott wave theory , it seems that Gold has succeeded in completing microwave 3 . We should wait for the completion of microwave 4 , and then probably microwave 5 will end in the Resistance zone($2,720-$2,700) and Monthly Pivot Point .
⚠️Note: We should expect more pumps if Gold goes above the Resistance zone($2,720-$2,700).⚠️
🔔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 DAILY CHART UPDATEHey Everyone,
Great day on the charts today with our swing range doing exactly what it says on the tin. We got the big drop yesterday from the election volatility, yet our levels were still respected technically, providing the reactional bounce.
Swing range bounce gave us 2690. A close above this level will see the upper levels being retested again, keeping in mind the long range gap above on this chart idea. Failure to close above this level will see a retest on the swing range again.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD: 8/11 Today’s Market Strategy and SignalsGold technical analysis
Daily resistance 2761, support below 2600
Four-hour resistance 2720, support below 2678
Gold operation suggestions: After a sharp drop of nearly $100 on Wednesday, gold rose by nearly $70 yesterday.
From the 4-hour chart, it stabilized and rebounded from the 2643 line, and 2700 was lost and regained. Today's opening is near the Bollinger middle rail. The hourly chart rebounded too fast yesterday. Today's support below is 2678, and the upper resistance is around 2718-20. The overall intraday support relies on this range to maintain high selling and low buying.
BUY:2778near SL:2774
SELL:2720near SL:2725
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Focus on 2700, short on highs in US tradingGold's 1-hour moving average continues to diverge downward in the short position, without any signs of turning. Gold's short position has not ended yet, and there is still room for downward movement. Yesterday's rise in gold has digested the expectations brought by the interest rate cut. It has fallen back after being under pressure at 2710 many times, indicating that gold's bullish momentum at high levels is not strong. The US market rebound is still short. Gold rebounds below 2710 in the US market, and it continues to be short at highs.
It can be shorted first when it rebounds near 2700. The market changes rapidly. Don't be fooled by the seemingly strong rebound as a reversal. Gold continues to be short.
Trading strategy:
Shorting on rallies in US market.
SELL: 2699-2701
GOLD A BUY ZONE FOR YEAR 2025 RALLY TO 2900$HELLO TRADERS
As i an see gold has just retrace after creating a |ATH 2790$ and now successfully retraced to 2665 zone which we draw in our previous drawings and now created a validation confirm of 3rd test to trend line and with fibo level it had tested 0.50 golden levels also we draw another channel on this chart it is trading in uptrend and investors are looking for the 3000$ per ounce in 2025 easy TP we combine both technical and fundamental for more accurate confirmation have a previous outlook on our posted charts from since April 2024 till now ..
Trading is an Art learn and earn from markets easy money Friends Geopolitical issues around the Global running conditions is really bad. If some 1 is thinking Trump can Solve these War issue, then it looks impossible in my view angry IRAN RUSSIA NORTH KORA SUDAN GAZA LEBONAN and other many regions.. We can see a very bad economy conditions of US which need years to reset Bricks in the Game now for more De-Dollarizing and we can see how banks and hedge fund manager Smart money Accumulating the Gold from the day Wars going on and escalating more and more day by day .... Trump Need some Serious actions to change his economy which is hard to seem.
Friends its just a trade idea with very low risk and looking for a bigger reward share ur thoughts with us it help many
Stay Tuned for more updates if trend gets change bez trend is ur friend
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
World gold price recovers despite high USDWorld gold prices recover despite the high USD. Recorded at 9:50 a.m. on November 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.430 points (up 0.19%).
According to Kitco, central banks cutting interest rates, a wave of buying, and recently released US economic data... are supporting the recovery of gold prices.
On Thursday, the US Federal Reserve (FED) continued to cut interest rates. This was a move that many people had predicted and long expected. The Federal Open Market Committee (FOMC) lowered the federal funds rate by 25 basis points, in line with expectations. Interest rates are currently trading in a range of 4.5% to 4.75%.
The FED did not provide much guidance on the future path of monetary policy. They noted that the economy continued to grow at a solid pace.
Not only the FED, the Bank of England (BoE) has also just decided to cut interest rates further. In a long-awaited move, the BoE cut the bank rate to 4.75% on Thursday.
In addition, gold prices rebounded sharply after the release of US labor market data. Mr. Ernest Hoffman - market analyst at Kitco News - said that the US Department of Labor announced on Thursday that initial jobless claims increased to 221,000 in the week ended November 2. This figure was completely in line with expectations, as the general estimate forecast the number of claims was 221,000.
🔥 GOLD BUY 2683 - 2681🔥
✅TP1: 2690
✅TP2: 2700
✅TP3: OPEN
🚫SL: 2675
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance:
Click chart above to see the detailed analysis👆🏻
After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
XAU/USD – Is the Uptrend Ready for the Next Move?Gold is approaching a major support level within its rising channel! 📊 Could this be the next higher low (HL) in the uptrend?
If bulls step in here, we might see a push back toward the channel highs! 🚀
🔹 Key Support Levels: $2,655 is the immediate support, while $2,580 serves as a critical backstop below.
🔹 Potential Setup: Long on bullish confirmation around these supports.
🔹 My Thought: I believe Gold could be forming another HL here, potentially setting up for another push higher before any major correction. Historically Gold has shown bullish momentum leading up to U.S. elections, rallying once before turning bearish afterward.
What are your thoughts? Are you bullish or bearish on gold?
💬 Drop your comments below and let’s discuss! 👇
Resistance 2720. Support 2692. Today's market analysisGold attacked 2710 and stood on the 2700 mark again. The adjustment range is very large. The market fluctuated greatly recently, fluctuating back and forth by 70~100$, so don't chase the rise or follow the short. Pay attention to the continued high action at the end of the week. Go long first and then go short when the correction is made!
The Federal Reserve's interest rate decision for gold was cut as expected, and the expectation of interest rate cut was realized. Gold is now encountering resistance and fluctuating. Today, it is mainly high and low. After the strong rebound of gold yesterday, the short trend of gold has temporarily come to an end, but the market may not reverse. It is likely to start a volatile market again.
The 1-hour moving average of gold has not turned around yet, and gold may not start to reverse for the time being. Gold seems to rebound strongly, but gold has repeatedly fallen under pressure above 2720. It continues to go short at highs below 2720 in the Asian session. Gold 2720 can be shorted first.
First support: 2692, second support: 2687, third support: 2672
First resistance: 2720, second resistance: 2736, third resistance: 2750
Trading strategy:
Trading based on resistance and support, BUY: 2691-2693. SELL: 2720-2722
Gold : A Perfect Buy Opportunity Amid Expected Pullback!Yesterday, gold prices surged above 2700, rising $60 from open to close. Following such a significant increase, some pullback is likely in today’s session. However, this does not signal the end of the uptrend but rather a natural price correction. After the pullback, gold is expected to resume its upward momentum, with potential to break above 2730.
Based on this analysis, today’s strategy is to continue buying gold. The ideal buying range is between 2688-2674, with a target set between 2725-2732. This pullback presents an excellent entry point for bullish positions, creating the potential for further profits!
XAUUSD:7/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance is 2700, support below is 2600
Four-hour resistance is 2678, support below is 2638
Gold operation advice: Affected by the U.S. election, short sellers experienced a unilateral decline. Before the U.S. market, the decline accelerated and broke through the 2700 integer mark and continued to decline to a weak close near 2652. After the overall gold price formed a short-term top platform area above 2730, it ushered in Short selling chips fell.
From the 4-hour market trend, gold pays attention to the suppression of 2678 above and the support of 2638 below. The operation is mainly short-selling after rebound. At the same time, the weekly level support is near 2638!
BUY:2738near SL:2735
SELL:2678near SL:2681
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
11.7 Analysis of Gold Short-term OperationYesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of 2724, the market accelerated its decline. The daily line gave a minimum of 2650.7 and then the market consolidated. The daily line finally closed at 2658.8 and the market closed with a super large Yin line with equal upper and lower shadows. After this pattern ended, the daily head and shoulders top pattern was formed. In addition, the fundamentals expected that the market would fall back after stepping back. In terms of points, the long stops of 1996 and 2028 below were followed at 2600. The US market first rose to 2660 and gave a long stop loss of 2650. The upper target is 2675 and the breakthrough is 80-----90
Waiting for gold to resume the uptrend ..the week of 11 Nov 2024After making a new ATH at 2790.06, gold started pulling back and aided by the US election results and strength in the US$, it accelerated the down move. A short pullback and then on Fri, the bears continued the down move.
If this pulls back again to the 2700 region, taking a short would be tempting BUT
I believe that it would not be wise to fight the Gold bulls who have controlled this market for over 2 years.
2 major s/r levels (at 2604 and 2470 regions) await price and I will be watching closely for signs that the bulls are in control and then jump onboard.
This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
If you like my idea, please give a “boost” and follow me to get even more.
Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Gold Rebounds to $2700! Post-Trump Rally Shows Signs of PullbackFollowing Trump’s election-driven downturn, gold prices have fully rebounded, climbing back to the $2700 mark. However, after this sharp rise, signs of a potential pullback are becoming apparent. I believe gold is nearing a short-term peak, making this an opportune moment to start selling and capture possible downside moves to lock in profits during the adjustment. Keep an eye on the market and stay flexible to manage the upcoming volatility.
GOLD UPDATESFOr this idea it might sketchy, waiting for volume.
wait for retrace or it will continue to go higher 2737. this idea base on 1hr only.
we see small liquidity above.
longs sketchy too.
this is not a financial advice.
Target for shorts last day low.
or lower.
I will update if this idea works this week.
This is not a financial advice.
Follow for more
Gold Drops $100! Is Now the Perfect Time for a Pre-Rebound Buy?With Trump’s presidency and his economic focus, gold prices have taken a sharp plunge, dropping nearly $100. While I anticipated a decline, this significant drop exceeded my expectations. Fortunately, we managed to close out our long positions above 2700 and also capitalized on a successful sell-off during the New York session.
Gold has now fallen below 2660 and remains pressured under the MA5 on the 30M chart. However, I believe a strong rebound is imminent. I estimate that gold could reach a solid bottom around 2646, with a possible low near 2631. On the 1D chart, the MA60 sits at approximately 2618, though I believe it’s unlikely to drop that far today.
Today’s plan is to buy on the dip, with an eye on a potential rise to around 2780, after which I’ll shift strategy to selling. By seizing this potential rebound, we stand to capture considerable gains!