Gold on the Bitcoin fibonacci multiplierWhat bitcoin does on a small timescale of 15 year we see happening in gold on a multi decade scale.
Looking at the Fibonacci lines you can see that the first peak in 1974 hit the Red Fib Multiplier before retracing again. In 1980 the second touch in this cycle hit the orange line.
In 2011 gold hit the yellow line at $1900, As we are now in the second phase of this bull market, I expect gold to hit the red line between 2026 and 2030 at 7-10K
Currently the cycle is dominated by uncertainty, risk aversion(debt load) and inflation and I dont see a change in the world for these topics in the next few years.
Metals
GOLD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on GOLD right now from the resistance line above with the target of 2,617.629 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
GOLD Massive Short! SELL!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2701.9 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 2651.6
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Gold will complete it's C corrective move 2728!TVC:GOLD is in correction and will complete it's C corrective move UpTo 2728, in that level we will look for sell entry after getting 7-8 confirmation including technical and fundamental analysis. Traders don't rush for buy entry at these level just hold for good opportunity for entry, I will update in ideas section when gold breach 2728
XAU/USD : Time For Some Correction ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price continues to rise due to escalating tensions between Russia and Ukraine, as well as Hezbollah and Israel. The price has been extending its rally since yesterday and is currently trading around $2665. In my opinion, after such a significant rally, we can start expecting a minor correction in the price.
Be cautious, as gold's movements have been extremely volatile and risky these days. If you lack sufficient experience, you might end up losing your capital. Reduce your risk to a minimum, avoid trading through Market Execution, and preferably identify key levels in advance. Enter trades only when the price reaches those levels and triggers a suitable setup.
The key supply levels are $2670-$2673, $2682-$2699, $2704-$2711, and the key demand levels are $2654, $2642, $2636, $2616, $2610, $2567. (This analysis will be updated.)
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
XAGUSD Bearish as long as it trades below the 1D MA50.Silver (XAGUSD) is on a strong correction since the October 23 2024 High, which was a Higher High on the 2-year Channel Up. This is technically the new Bearish Leg. The previous one (started on the May 05 2023 High), initially targeted the 1D MA200 (orange trend-line) and the 0.382 Fibonacci retracement level.
That was of course after a first Lower Low rebound to the 1D MA50 (blue trend-line) where it was rejected (June 09 2023). It appears that technically the price is on a similar situation, so as long as the 1D MA50 closes candles below it, the short-term trend is bearish. Our Target is 29.500 (just above the 0.382 Fib upon expected contact with the 1D MA200).
Notice also that the 1W MACD is past a new Bearish Cross, a pattern similar to the May 24 2023 Bearish Cross, which confirms the Bearish Leg.
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XAUUSD Detailed Analysis on D1 Time Frame | 22/November/2024XAUUSD Detailed Analysis on D1 Time Frame | 22/November/2024
t.me
For more intra and swing trades you guys can join our Telegram Channel
-This video is based on Educational Purposes
- market touched the region that what we are selected and we are confident on that point
- Current point 2707 and more to more market have to be create a lowest lowest which would be the 2460 area so this trade is based on those who have patience level 100%
- Market will Expected a big dead fall down
- our target would be to catched more then 1000 Pips from that trade
-Lets enjoy the postions with us !!
GOLD | XAU vs BTC: Threat of Nuclear WarI'm opening my 10th position and here's my analysis: Have you seen how fast this big guy moves? Let’s discuss two scenarios and three assets.
Here’s the 1st scenario:
XAU, like BTC, is on steroids. The steroid is called "Global Nuclear War Threat." Countries in the 2nd and 3rd worlds, having easy access to BTC, use it as a safe haven. Meanwhile, 1st-world countries understand that their gold reserves might save them if something goes really wrong.
And what could go wrong? Russia could get angry, rally its close friends from BRICS, and they might all declare, "Enough of using these green papers." The U.S. economy—or at least its currency—could collapse, and what will save the day? Orange rock reserves.
Someone else might ask, "Wait, then why is the DXY rising?" That’s an even stronger sign of escalating tensions. Everyone is preparing for war, arms trading is increasing, and transactions are still happening with green papers. By the way, DXY is in Bullish Flag right now, so yes, it'll probably keep going up.
So, DXY rises, XAU rises, and BTC rises? Exactly.
DXY: Getting some extra cash because of the war.
XAU: Your safety net if things go... Armageddonish.
BTC: The backup plan when gold's out of reach + to make some money before everyone is dead.
Now, here’s the 2nd scenario:
Everything I said above is complete nonsense. And it’s all just market manipulation to gather the stop losses of those who think along these lines.
It’s important to understand that even if everything sounds logical and reasonable, we can’t be entirely certain about any scenario in such a really volatile situation.
But on the other hand, we should ask ourselves: is it really that unlikely for gold to reach $2,700? I don’t think it’s far-fetched, and opening a position with a maximally safe strategy shouldn’t lead to much pain. Even if it drops 100-500 pips, we’ll get back to 2700 sooner or later, right? I’m not even joking here, so keep that in mind too.
Listen, at this point, it’s safe to admit this is a pure race and competition between BTC and XAU: $100,000 vs. $2,700. Which one will get there first? Honestly, it doesn’t matter in my opinion—they’ll both hit those targets in the coming days.
I’m opening my 10th position, and it’ll be long:
Opening: 2680
Take Profit: 2700
Stop Loss: 2610
As I always say, never use your entire deposit, and never set your stop loss too close.
Now, let’s watch and see! I hope you all safe! ☕️
Gold: Structure change ... The focus is the speech of the FedHello, dear friends, Ben here
Gold prices are surging strongly after breaking through the resistance channel at 2650, as investors turn to this safe haven amid heightened geopolitical uncertainty due to escalating Russia-Ukraine tensions.
It’s evident that geopolitical tensions have heightened interest in safe havens, including the yellow metal. However, this inverse correlation has resurfaced in recent weeks, and the strength of the dollar is likely to hinder gold's momentum moving forward.
All eyes are on several Fed officials scheduled to deliver speeches this week. Market expectations for a December rate cut have dropped significantly, with current odds at 55.7%, down from 82.5% just a week ago.
From a technical perspective, gold has confirmed a trend and shifted sentiment, giving us a major movement to follow in shaping our trading decisions. A false breakout around the local resistance level at 2643 is forming. Price consolidation above this area could trigger further bullish momentum. However, I haven’t ruled out the possibility of a fake move around 2622 to accumulate before a stronger rally.
What are your thoughts on this?
Potential bearish reversal?The Gold (XAU?USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 2,712.05
1st Support: 2,656.74
1st Resistance: 2,758.37
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GOLD: Correction Likely After Impulse RallyThe 4-hour XAU/USD chart shows a completed Elliott Wave (1-5) structure, with wave (5) reaching the $2,655-$2,660 resistance zone, indicating a potential reversal. A corrective ABC pattern is expected:
Wave A: Targeting $2,620-$2,630 (middle support zone).
Wave B: Minor retracement below $2,655.
Wave C: Extending to $2,600-$2,610 (lower support).
As gold prices are highly sensitive to macroeconomic events, traders should use proper position sizing and stop-loss levels to mitigate risks. Keep an eye on upcoming economic releases and geopolitical tensions that might affect market volatility.
Good luck
The geopolitical situation is hotter in many placesIn early trading on Asian markets on Thursday (November 21), OANDA:XAUUSD Spot delivery suddenly increased rapidly in the short term and gold prices are currently approaching the 2,660 USD/ounce mark, threatening the trend from the price channel.
Growing concerns about the Russia-Ukraine conflict, along with growing uncertainty in global markets, have supported gold's strong recovery this week.
On Wednesday, as tensions between Russia and Ukraine escalated, leading to increased geopolitical unrest, investors sought the safety of gold, seen as a hedge against the risks of conflict instability.
In response to Ukraine's first long-range missile attack on Russian territory, Russian President Vladimir Putin revised the nuclear weapons guidelines to lower the threshold for nuclear retaliation in response to an attack. series of conventional attacks, leading to increased geopolitical tensions.
In addition to the situation between Russia and Ukraine, the tense situation in the Middle East is also a factor supporting gold prices.
According to the official website of the United Nations and CNN, on November 20 local time, the United Nations Security Council voted on a ceasefire resolution in Gaza proposed by 10 non-permanent members.
The resolution was not passed due to the United States' veto. The remaining 14 countries in the Security Council voted in favor.
The resolution "demands that all parties immediately, unconditionally and permanently cease fire and reiterates their demand for the immediate and unconditional release of all detainees."
In addition, the resolution further emphasizes the role of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) as the backbone of humanitarian relief operations in Gaza.
Additional information, on November 20 local time, the Israeli army attacked a house in the Sheikh Radwan neighborhood, north of Gaza City, killing 66 people and injuring dozens of others.
Analysis of technical prospects for OANDA:XAUUSD
Gold is currently operating in a very important position for an uptrend from the price channel with price activity attempting to move above the upper edge of the price channel.
On the other hand, the Relative Strength Index is also sitting right in the middle of the 50 level, if it breaks above this level it will be a bullish signal.
Looking ahead, technically gold is still below resistance levels, from the price channel to EMA21 and the Relative Strength Index. So, it is not yet eligible for a bullish cycle. As long as gold remains below EMA21, it is not yet technically in a bullish position.
During the day, with the current operating position, gold is still in an upward trend and notable points will be listed as follows.
Support: 2,640USD
Resistance: 2,668 – 2,684USD
SELL XAUUSD PRICE 2676 - 2674⚡️
↠↠ Stoploss 2680
→Take Profit 1 2669
↨
→Take Profit 2 2664
BUY XAUUSD PRICE 2599 - 2601⚡️
↠↠ Stoploss 2595
→Take Profit 1 2606
↨
→Take Profit 2 2611
GOLD is headed for a 5th day of increaseOANDA:XAUUSD rose for a fourth straight day and is headed for a fifth day of gains on Friday (November 22) as safe-haven demand picks up while traders assess the prospect of further policy easing by the Federal Reserve. Federal Reserve and increasingly escalating geopolitical risks.
Gold prices recovered above $2,680 and were on track for their best weekly performance since April as the war between Russia and Ukraine escalated.
Ukraine says Russia has launched a "new" ballistic missile toward the city of Dnipro, sending a worrying signal to Western supporters of Kiev. Escalating geopolitical tensions often push investors toward safe-haven assets like gold.
When the United States vetoed the United Nations ceasefire resolution in Gaza, relations between Russia and Ukraine became tense again, ensuring gold's long-term appeal.
Investors have flocked to safe-haven assets during the global crisis and gold prices have hit multiple record highs since conflict in the Middle East erupted last October.
Since the beginning of this year, gold prices have risen nearly 30%, supported by solid central bank gold purchases, growing safe-haven demand and a cycle of interest rate cuts by the Reserve Federal.
Although the recovery of the US Dollar put pressure on gold prices, safe-haven demand helped gold prices offset this pressure. A stronger US Dollar often makes goods priced in Dollars more expensive and less attractive.
Spot gold prices rose 4% this week, their best gain since April, recovering from their biggest weekly drop in more than three years last week. Gold's decline was fueled by a rise in the US Dollar fueled by Trump's victory in the race for the White House.
Investors are also focusing on several Fed officials expected to speak this week. Market expectations for a December rate cut have weakened significantly, with the probability now at 59.4%, much lower than 82.5% a week ago.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold broke out of the downtrend from the price channel and initially achieved the conditions for a new bullish cycle to be formed with a move above the EMA21 level.
In addition, the Relative Strength Index is also pointing up to surpass 50, which is considered a signal for price increases in the near future.
In the immediate future, gold will need to test and surpass the original price level of 2,700 USD. Normally, the original price levels are considered resistance or support depending on price position conditions. If gold surpasses 2,700 USD and maintains stability above the 0.382% Fibonacci retracement level, it will be able to continue to increase by more than 30 Dollars to reach the 0.236% Fibonacci level.
Currently, gold has the conditions for a bullish cycle, so technically, combined with the escalating geopolitical risk of market shock, the trend of gold is leaning more towards the possibility of price increases.
Notable technical points will be listed as follows.
Support: 2,684 - 2,668USD
Resistance: 2,697 - 2,700 - 2,732USD
SELL XAUUSD PRICE 2711 - 2709⚡️
↠↠ Stoploss 2715
→Take Profit 1 2704
↨
→Take Profit 2 2699
BUY XAUUSD PRICE 2639 - 2641⚡️
↠↠ Stoploss 2635
→Take Profit 1 2646
↨
→Take Profit 2 2651
Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand.
Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties.
Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains.
What about you? Do you think gold will conquer this critical milestone?
Despite the barrier of USD price increase, GOLD still increasesThe latest US weekly macroeconomic data showed 213,000 new unemployment claims, down sharply from the previous week. This further increases the market's expectation that the US Federal Reserve (FED) will further lower interest rates in December.
In response to this information, the USD–Index surpassed the 107 point mark, meaning the USD increased in price very strongly, which could have a negative impact on the gold market.
However, today's gold price continues to increase. The reason for the Russia-Ukraine military conflict is still tense. Investors look to gold for a safe haven for capital.
🔥 GOLD SELL 2698 - 2700🔥
💵 TP1: 2685
💵 TP2: 2675
💵 TP3: OPEN
🚫 SL: 2708
🔥 GOLD BUY 2673 - 2675🔥
💵 TP1: 2685
💵 TP2: 2695
💵 TP3: OPEN
🚫 SL: 2668
World gold prices rebounded strongly as tensions escalatedGold prices increased due to bottom-fishing demand skyrocketing in the context of increasing Russia-Ukraine tensions. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after coming to power on January 20.
Currently, investors' attention is also focused on some officials of the US Federal Reserve (FED), who are expected to give speeches this week. Market expectations for a December rate cut have dropped significantly, with odds now at 55.7%, down from 82.5% just a week ago.
Ms. Lisa Cook - member of the FED Board of Governors said that the country's inflation continues to decline, with wages and the job market "cooling down", rising prices mainly in the housing sector. With this trend, the FED's continued interest rate cuts are considered still appropriate. However, she did not confirm the possibility that the FED will cut interest rates at its next meeting in December.
Goldman Sachs - one of the world's leading investment banks, has just raised its gold price forecast to 2,900 USD/ounce, about 89.2 million VND/tael in early 2025, an increase of 200 USD compared to the previous forecast. there.
🔥 XAUUSD SELL 2698 - 2700🔥
💵 TP1: 2685
💵 TP2: 2675
💵 TP3: OPEN
🚫 SL: 2708
🔥 XAUUSD BUY 2673 - 2675🔥
💵 TP1: 2685
💵 TP2: 2695
💵 TP3: OPEN
🚫 SL: 2668
Gold: Uptrend to continue from 2650...Hello everyone, Tom here!
As I predicted earlier, gold is becoming more attractive after the dollar entered a consolidation phase... currently at $2657.
Accordingly, expectations of additional stimulus measures from China also supported the growth of the metal's price.
The focus this week remains on the Fed's speech after signals that tensions in the Middle East are easing a bit.
From a technical perspective, gold investors need to watch the range around $2650. Because Since the opening of the session, the price has increased quite strongly, which increases the resistance to stop this increase at the next resistance level. I am assuming its formation With wave 5 and the priority is to target profit taking at 2685 - 2700 respectively.
XAUUSD H4 I Reversal off a pullback resistance?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2684.52, which is a pullback resistance close to 61.8% FIbo retracement.
Our take profit will be at 2642.84, a pullback support level.
The stop loss will be placed at 2727.54, a pullback resistance level.
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GOLD | Are we witnessing the formation of a new trendline?Ladies and gentlemen, it might be it. Maybe we're at the beginning of the formation of a new trendline? Many things are affecting Gold right now. In particular, not the most comforting news from the Ukraine-Russia war.
It also seems to me that many are now starting to jump into short positions, thinking that there should be a retracement, which on the contrary helps institutional players to fuel the growth up.
By the way, there is also a possibility that everything is the other way around, and the potentially expected growth will lead to a giant fall, but what is the probability of this?
I open the 9th position, long with 70% probability.
Opening: 2665
TP: 2675
SL: 2510
Despite everything global and possible speculations, whatever happens with gold, I think the overall mood is bullish right now and will keep being so.
Do NOT use all the capital under any circumstances!
Be careful and let's watch!