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Gold is in the Bearish DirectionHello 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
OANDA:XAUUSDLong
by ForexMasters2000
1
Gold’s decline is not over yet, so be cautious when buying botto On Wednesday, as the US CPI rebounded as expected in October, the US dollar index remained strong, hitting a new high this year at 106.77. US Treasury yields soared collectively, with the benchmark 10-year US Treasury yield closing at 4.468%; the two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.294%. Spot gold fell for the fourth consecutive trading day, hitting a daily high of $2,618 after the release of the CPI data, and then continued to fall. As of now, the lowest point has reached 2,555. First of all, from the current 12-hour chart of gold: It can be seen that the sequence 7 signal has appeared, which proves that gold is still in a downward trend. There is no momentum to stabilize upward at present. The first support position below is currently around 2,550. If it falls below 2,550, the market may directly touch the low point near 2,520. From the hourly chart: It is a direct drop of $100 from around 2,710. If we calculate from the 2620 level last night, and copy the previous market trend and drop by 100 US dollars, then it is around 2520. The probability of gold breaking below 2550 is very high. Once it breaks below here, it will target 2520. For the current operation, if it breaks below 2550 directly, then I think we can directly chase it and look at the 2520 level. If 2550 is not broken for a short time, then wait for the rebound to around 2665 to enter the market and short. On the contrary, if you want to go long, you need to wait until 2520.
OANDA:XAUUSDShort
by Yuliya1l11
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for. Since our last analysis on XAUUSD , gold has dropped from the break of 2678 all the way down to the targeted 2600 (KDZ) Key Demand Zone . We have dug deeper, 2590 to be exact. This is our new KL (Key Level) . We are expecting one of the two outcomes. Scenario 1: BUYS We are trading above 2590 with failing to break it, and we are starting to see some sellers exhaustion. Gold starts to turn and breaks above 2624 and continues breaking above other key levels. Scenario 2: SELLS We broke 2590 and are targeting our next KL (Key Level) 2650 . Breaking this key level would result in even deeper pullbacks down to 2530 . The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. KEY NOTES - XAUUSD came to our KDZ (Key Demand Zone) 2600. - XAUUSD has dropped to lower areas (2590). - Trading above 2590 and breaking above would result in buys. - Breaks below 2590 would result in Scenario 2 unfolding. Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
Gold resistance support point market analysis.Gold continued to close with a weak short position, and the daily line fell sharply. Today, gold rebounded and continued to short. There is still room and demand for further decline. The price fell to the trend line of 2556. Pay attention to the top and bottom conversion position of 2530 below. Gold's 1-hour moving average continued to cross and diverge downward. The decline of gold has not ended. The last low of gold near 2590 has now turned into resistance. Gold rebounded to below 2590 and continued to go short at highs; near 2580, you can enter the market to short. First support: 2555, second support: 2542, third support: 2530 First resistance: 2570, second resistance: 2580, third resistance: 2591 Trading strategy: BUY: 2551-2553 SELL: 2580-2582
OANDA:XAUUSDShort
by Jun-GoldAnalyst
Gold Roadmap==>>Starting to RisingAs I ✅ expected ✅, Gold ( OANDA:XAUUSD ) started to correct from the Potential Reversal Zone(PRZ) , and after breaking the Ascending Channel , it managed to break the 50_SMA(Daily) as well. Gold is moving near the Support zone($2,603-$2,584) and Support lines . According to the Elliott wave theory , the first corrective wave of Gold ( main wave 5 ) can be completed in the Support zone($2,603-$2,584) . Also, Regular Divergence(RD+) between Consecutive Valleys . I expect Gold to Go up to at least the Broken Support zone($2,640-$2,624) . ⚠️Note: We should expect more dumps if Gold goes below the Support zone($2,603-$2,584).⚠️ 🔔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:XAUUSDLong
by pejman_zwin
11
GOLD ROUTE MAP UPDATEHey Everyone, Following on from yesterdays update; After getting the bounce from the swing range for 50 pips, we saw ema5 cross and lock below the swing range, opening the support structure - This was hit today! We are now expecting a reactional bounce here for support. If the support structure holds with no ema5 lock we are likely to see levels above tested. However, if we see ema5 cross and lock below the full support structure then we will see a break out below. We will update our Goldturn levels on our next update if needed. 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. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2694 EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET 2724 EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET 2754 EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET 2784 BEARISH TARGETS 2665 - DONE EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2640 - 2611 - DONE EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SUPPORT STRUCTURE SUPORT STRUCTURE 2583 (DONE) - 2564 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
XAUUSD:13/11 Market Analysis and StrategyGold technical analysis Daily resistance 2710, support below 2580 Four-hour resistance 2626, support below 2580 Gold operation suggestions: Yesterday, the technical side of gold ushered in a wide range of long and short shocks in the shock. The gold price in the Asian session continued the previous day's weak downward adjustment, reaching 2589 and stabilizing and rebounding. Finally, the gold price formed a bottoming out and rebounded strongly in the US session to around 2617. Then it continued to fluctuate sideways. Today's key support below focuses on yesterday's low of 2588-90. If it stabilizes at this position, it can be long in the short term. The upper short-term resistance focuses on the 2626 line. Strong resistance suppresses the 2638-40 line. Rely on this range to maintain high-selling and low-buying transactions during the day. The short-term long-short dividing line is near 2626, and wait patiently for key points to enter the market. Be alert to the rapid reshuffle of the market caused by the CPI news in NY time. SELL:2638near SL:2641 SELL:2626near SL:2730 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDShort
by ActuaryJ
Today's Trend Analysis and SignalsGold's late-session high-fall continued the weak adjustment pattern. Technical trading ideas: Continue to short at high prices during the day's rebound! The hourly chart Bollinger Bands narrowed, with the upper track at 2616 and the lower track at 2590. The current market 2616 is today's long-short dividing line! Gold is still weak, and the rebound is limited. The rebound is an opportunity to go short. Gold rebounded at 2616 in the Asian session and went short directly. The market is changing rapidly. Plan your trades and trade your plans. Gold is still rebounding at the moment. The rebound is an opportunity to continue to go short. The 1-hour moving average of gold is still distributed downward, and the rebound is limited. Gold also fell back after rising in the NY period, indicating that gold is only rebounding and has not reversed. Then gold will continue to go short. Gold will go short directly near 2616 in the Asian session. First support: 2690, second support: 2579, third support: 2563 First resistance: 2616, second resistance: 2625, third resistance: 2639 Trading strategy: BUY: 2586-2588 SELL: 2616-2618
OANDA:XAUUSDShort
by Jun-GoldAnalyst
THE KOG REPORT - ELECTION SPECIAL THE KOG REPORT: This week’s KOG Report is a little different this week due to the upcoming elections. For that reason, we’re going to share the levels and potential movement since we are almost guaranteed to see some extreme movement over the coming sessions. The chart was shared in Camelot together with the analysis 4yrs ago which worked well. On the left chart you can see the 2020 reaction to the elections giving a powerful movement across the markets and gold moving over 2000pips in days. We’ve shown this chart to make new and less experienced traders aware of what can happen based on any result! Price will whipsaw, they will chop and change direction and when they move, it will really move. IF, and it’s a BIG IF, you’re going to attempt to trade it, please make sure your lot sizes are sensible, and your risk model is flexible enough to adapt to sudden changes in direction. Now the chart on the right. We have drawn a path, but it’s based more on a potential fractal rather than set in stone. The levels however are important, and potentially if targeted can give traders opportunities to capture the bounces or, give them a better understanding of where price can go before taking a breather. We’re close to the 2800 level but as you can see, we’ve struggled to break it, this usually just means that price has travelled enough to take a slight pause in direction, and requires a pullback, which is what we analysed and traded last week. How far thought, with extreme news and volatility entails caution, our immediate support and resistance levels hardly work in these scenarios. So, when we look at extreme levels on the chart we can see the following: We have resistance above on the daily at 2745 which needs a daily close above to go higher. This flips our support level into the 2715 level which looks like a decent level for price to attempt in the coming sessions. Our order region is sitting at the psychological level of 2700 with the extension of the move into the 2680-5 level. This, if attempted could give traders and opportunity to take the long back up towards the 2730-35 red box level which will have also flipped into resistance. This is the level currently in play and needs to be monitored as this is the order region they’re using to propel the price in either direction. It’s also the reason they’re accumulating here and start the pre-event range. Break above, and we should see bulls’ step in and force price higher, as shown in the illustration on the chart. The range is big, the high in sight is the 2820-34 region, which if attacked and rejected can give us opportunities to capture the larger short trade, while the 2575-65 level is sticking out for the undercut low. To be totally honest, knowing what can happen and how price can move, it’s the same strategy as trading NFP and FOMC. Don’t trade the volume driven candles, wait for price to move, use the levels and the red boxes, and then, with a risk model in place take a sensible trade if you’re going to trade it. The above is just our view and more for educational purposes. We will continue to use our proven red box strategy, indicators and our trusted algo Excalibur to guide us through the markets. Good luck for the week ahead! KOG’s bias for the week: Bearish below 2744 with targets below 2720, 2714 and below that 2702 Bullish on break of 2744 with targets above 2792 and above that 2803 Red boxes: Break above 2744 for 2753, 2765, 2780 Break below 2730 for 2715, 2705, 2695 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
6
Grab Your XAUUSD Scalping Chance!Market Analysis Summary: Buy Opportunity: Targeting the 2620 zone from the 2606-08 level. Sell Opportunity: Market Structure: Overall bearish trend, indicating potential downward movement. Upcoming Events: CPI report is on the horizon, which could introduce market volatility. Key Points to Consider: Monitor the 2730-27 zone for entry signals. Watch for price action around 2690 for potential reversals. Be prepared for fluctuations around the NFP release. Stay informed and adjust your strategies accordingly!
EIGHTCAP:XAUUSDShort
by bluechipfx
XAUUSD - UniverseMetta - Analysis#XAUUSD - UniverseMetta - Analysis The price worked out 5 waves on H4 of the corrective movement, forming a descending channel. On H4, a 3-wave structure from the lower border can be formed. In this case, it is better to consider the targets to the upper border or the maximum level of Fibo correction from the impulse wave. Also, on H1, you can see a triangle, which can implement a reversal within the channel, as well as a continuation of the fall when one of the triangle's bases is broken. Short-term signal. Target Buy: 2644.858 - 2683.071 Target Sell: 2573.655 - 2545.889
OANDA:XAUUSD
by Trade-U-Metta
GOLD MARKET UPDATEHey Everyone, This is the weekly chart we have been tracking for over 1 month now and also shared on Sunday. Last update we stated that EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top. We also stated that we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before. - This played out perfectly with the correction that we are seeing now testing the channel top inline with the weekly chart retracement range. We are now expecting a reaction here . If the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close. However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. OUR 1H AND 4 CHART UPDATE Bothe of these charts have tested the swing range, which gave the 40 pip bounces, just like we always state but didn't get the full swing yet. (This is the reason why we always state 40 pip bounces on our weighted levels, as it always delivers, even when it breaks through.) We are now tracking the 4H chart, where price is playing above the support structure. As long as price maintains above the 4h chart support structure, we should see a correction back up to test the upper Goldturns. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
16
Long Position Stuck, Currently Reversing the LossesYesterday, the long position got stuck, but I have been using scalping on shorter timeframes to recover the losses, and now it's turned into a profit. With the remaining time today, I believe gold will rise to around 2630. During the process, I adjusted stop-loss levels and position sizes flexibly, capturing short-term fluctuations to turn the situation from a loss into a profit. Moving forward, if the price of gold continues to rise, I will maintain the long position and adjust the strategy according to market movements, with the target around the 2630 level.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
1
Bearish trend, the lower target is around 2600Gold daily line fell below a new low again. After a short rebound was blocked, it began to fall. After a short correction, it was ready to break the low again to open the falling wave, and at the same time pulled the indicator to turn downward. The short-term market is expected to repair the rise, and the trading strategy is to maintain the rebound short position. Gold 4-hour moving average continues to cross the downward short position arrangement. The decline of gold is far from over. After gold fell below the last low of 2643, gold now 2643 has become a resistance to suppress gold's rise. Gold continues to be sold below 2643 in the Asian session. Gold rebounds near 2640 and can be sold. First support: 2603, second support: 2592, third support: 2578 First resistance: 2633, second resistance: 2642, third resistance: 2658 Trading strategy: BUY:2602-2604 SELL:2640-2642
OANDA:XAUUSDShort
by Jun-GoldAnalyst
XAUUSD:12/11 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2710, support below 2580 Four-hour resistance 2638, support below 2580 Gold operation suggestions: Today's upper short-term resistance is around 2626, and strong resistance is around 2638~2640. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about the new bottom. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep the main tone of following the trend unchanged. Short-term support focuses on the integer mark of 2600 points SELL:2610near SL:2613 SELL:2638near SL:2641 SELL:2626near SL:2730 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDShort
by ActuaryJ
GOLD Every Rise Has Its Sunset- From 2000 to today, gold has surged by an impressive 1000%, a remarkable performance for the world's leading asset. - Keep in mind, every ascent is bound to face a descent someday. - I’ll skip the deep dive into politics and fundamentals, but the picture is clear: with Trump winning the election, peace could make a comeback. Gold typically rises when fears of war spike, but as those fears ease, its value tends to drop. - As always, the chart tells the story. Take a look at the Fibonacci levels— a prime buying opportunity is likely to emerge in the $1200 to $800 range. - i will post in comments my older Gold Analysis. Happy Tr4Ding !
TVC:GOLD
by thecryer
7