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XAUUSD Is a quick pull back justified here?Gold / XAUUSD is on a strong short term Channel Up that reached today the 4hour MA200. This is the final Resistance before further upside is confirmed to a new All Time High. Having completed a +5.40% rise, this is a technical point where all 3 previous Channel's pulled back to the 0.382 Fibonacci. Sell and target 2630 (0.382 Fib and possible contact with the 4hour MA50). Previous chart: Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSDShort
by TheCryptagon
Understanding Gold's Path to$2680:Key Levels and Market BehaviorThe current correction in Gold is likely targeting the $2680 level, which remains relevant. However, there's also an interesting level at $2640 that has emerged along the way . This doesn’t change the overall bearish outlook for Gold, but I want to highlight something new! I’m pointing out an important detail for you: the price behavior at the $2590 level. Previously, this level was broken by a bearish candle (1), and the price has returned to it (2). The devil is in the details! Here’s the insight: if the price approaches this level from below again (as it has), breaks through, and then holds above it (1-2), we could see an upward trend. And vice versa. This pattern occurs very frequently across all instruments. The reason for the 'trigger' nature of the candle breaking support is that it serves as a trigger for many traders, including large ones. A well-established breakout pattern generates a chain of events and actions that are subsequently utilized by 'other' market participants. Keep an eye on it, or better yet, backtest it and draw your own conclusions!
OANDA:XAUUSDLong
by ClashChartsTeam
Go long gold: TP: 2675-2680Brothers, gold has failed to fall below 2660 many times, so as I said in my last article, I closed the short position near 2664, and immediately went long on gold near 2664, and manually closed the long position near 2770. At present, gold has fallen back to near 2660 again and has not fallen below, so I have gone long on gold near 2664 again. Although gold has fallen back locally, it has not fallen below the short-term support of 2655, and has not even fallen below 2660, so the gold bull energy still has the advantage, so the gold fall is an opportunity to go long on gold. And according to the current structure, gold still has the possibility of continuing to rise and touching the 2675-2680 area, and may even touch 2690. So the trading strategy: go long on gold in batches in the 2665-2655 area, TP: 2675-2680
OANDA:XAUUSDLong
by Trader_Marvin
TradeCityPro | Gold : World War III Rumors👋 Welcome to TradeCityPro! In this analysis, we’ll delve into gold's performance and its potential scenarios in light of rumors surrounding a possible World War III. 📅 Weekly Timeframe: Upward Leg After ATH Breakou t On the weekly chart, after breaking the critical resistance level of $2020, gold experienced a sharp rally with large bullish candles, climbing to $2400. Following a brief consolidation period, the rally continued, pushing gold to a resistance at $2751, where it registered a new ATH at $2790. 📊 Notably, both of these recent highs were accompanied by the RSI reaching 80.69, signifying a strong resistance level in the RSI. This level could serve as a key indicator to identify trend reversals in the future. 🚀 Overall, 2024 has been a bullish year for gold, with its price increasing by over 30% since the start of the year. Given the shallow corrections and strong weekly candles observed so far, gold now appears to be entering a corrective phase, which is natural and supportive of the ongoing bullish trend. 🔽 Should a sharp correction occur, the first short-term support in this timeframe is at $2409. However, this level isn’t highly reliable, and it would be prudent to wait for gold to establish a new price structure. 🧩 The SMA99 indicator reveals a significant gap between the price and its moving average. Since price and moving averages are often attracted to one another, this large distance suggests a heightened probability of a correction. 📅 Daily Timeframe: Corrective Phase In the daily timeframe, after reaching resistance at $2789, gold has entered a corrective phase, forming a non-failure swing pattern. Additionally, the price reacted at $2558, which aligns with a trendline, indicating a dual level of support. 🧲 For the non-failure swing pattern to activate, the trendline must break along with the support level at $2558. If the price closes a candle below this area, the pattern will confirm, opening the door to further declines. 🔑 The next key supports are at $2472 and $2285. Considering the undeniable weakness in this timeframe and the Dow Theory bearish pattern, further corrections are likely. 🎲 Currently, the RSI is pulling back to the 50 level, while the price has returned to test the SMA25, after initially breaking below it. If the price gets rejected from the SMA25 and the RSI continues to decline, the likelihood of breaking the trendline and activating the non-failure swing pattern increases. 📅 4-Hour Timeframe: Futures Triggers On the 4-hour chart, the price has completed its correction of the upward trend and is now attempting to resume its uptrend. Given the bullish momentum seen in the daily and weekly timeframes, if higher highs and higher lows form in this timeframe, it could signal the start of a Lower Wave Cycle (LWC). The targets for this uptrend are $2713 and $2789. 🔼 If the price continues its corrective movement, breaking and closing below the triggers at $2610 and $2558 could provide a solid entry point for bearish trades. ✅ The RSI has now reached the overbought region, suggesting a potential short-term correction before continuing the upward trend. If no correction occurs, the trend could become unhealthy, and such trends are often unsustainable. Gold remains in focus as geopolitical uncertainty, including World War III rumors, adds to its appeal as a safe-haven asset. Keep a close eye on these levels and scenarios to plan your trades effectively. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
OANDA:XAUUSD
by tradecitypro
1
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our analysis and plans to buy dips working out perfectly!! After completing our targets all week, yesterday we stated that we were now looking for ema5 to cross and lock above 2649 to open 2678. We got the cross and lock, which followed with a nice move up of over 200 pips so far but just short of the full target. The gap remains open however, buying dip is the safest way to chase open gaps. As long as support holds above 2649 with no lock below, we will continue to buy dips in this range until we see a failure above followed with a test and break and lock below 2649, which will open the lower Goldturn. 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 and knowing we have gaps above, allows us to safely buy from dips. 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 2574 - DONE EMA5 CROSS AND LOCK ABOVE 2574 WILL OPEN THE FOLLOWING BULLISH TARGET 2599 - DONE EMA5 CROSS AND LOCK ABOVE 2599 WILL OPEN THE FOLLOWING BULLISH TARGET 2622 - DONE EMA5 CROSS AND LOCK ABOVE 2622 WILL OPEN THE FOLLOWING BULLISH TARGET 2649 - DONE EMA5 CROSS AND LOCK ABOVE 2649 WILL OPEN THE FOLLOWING BULLISH TARGET 2678 BEARISH TARGETS 2551 EMA5 CROSS AND LOCK BELOW 2551 WILL OPEN THE FOLLOWING BEARISH TARGET 2525 EMA5 CROSS AND LOCK BELOW 2525 WILL OPEN THE SWING RANGE SWING RANGE 2506 - 2484 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
18
GOLD - Bearish Move IdentifiedGold has rejected from our previously identified resistance and now look to push for a lower level. Break of above resistance will void this analysis. Best approach is to go from level to level rather than aiming for a swing move as sentiments can switch anytime. For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management. If you found this analysis helpful, please consider boosting and following for more updates. Disclaimer: This content is for educational purposes only and should not be considered financial advice.
OANDA:XAUUSDShort
by MarketsPOV
HelenP. I Gold will rebound from trend line and grow to $2700Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price started to decline inside the downward channel, where it fell to the resistance level, which coincided with the resistance zone. Price some time traded in this area and later broke the 2735 level, after which dropped to almost the support line of the channel, after which turned around and rose to the resistance line, and then continued to decline next. In a short time, the price fell to the support level, which coincided with the support zone and then bounced up, after which rose a little up and then continued to decline, breaking the 2595 level. Gold later reached the trend line and then turned around and started to grow, exiting from the downward channel. Price soon grew to the 2595 level, broke it again, and continued to move up near the trend line. To this day, the price continues to grow near this line, and I expect that XAUUSD will rebound from the trend line and start to grow to 2700 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
3
SILVER What Next? BUY! My dear followers, This is my opinion on the SILVER next move: The asset is approaching an important pivot point 30.998 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 31.158 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
2
Update: GOLD, SILVER, NVDA, SPDR Sectors, SPY, QQQ & MoreThe markets are really struggling this morning. The strong selling after the open is likely an indication traders are not buying into the hype right now. NVDA earnings hit and drove the markets a bit higher into the open. I see this selling pressure as a BIG SHIFT into my Anomaly Event. Gold & Silver are reacting to the downside. SPTD sectors, particularly XLE (Energy) is still showing strong upward trends - while many of the others have already started to move downward. I'm watching XLF and XLRE for a breakdown event. The SPY & QQQ are showing broad weakness right now. Prepare for my Price Anomaly Event. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:SI1!Short
by BradMatheny
4
SPY/QQQ Plan Your Trade For 11-21 : Harami Inside PatternToday's Pattern suggests the SPY will consolidate in a Harami-Inside day type of price action. In today's video, I highlight the continued potential for a price Anomaly event, even though we are seeing mostly post-election bullish price activity. I do believe the proposed Anomaly event is highly likely headed into the Thanksgiving & Christmas holiday season. Gold and Silver may stall a bit before attempting to rally further. Silver is not reacting similar to Gold, thus I have concerns that metals may stall a bit before attempting a bigger move higher. BTCUSD is on track to rally up to $100k - just as I predicted. Get some today. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
9
Continue to go long based on 2641, target 2660~2670The intraday direction is still very clear. The biggest problem is where to go long. After the US market broke through the high point of 2641 in the Asian market, 2641 formed a reverse support. Today, relying on the top and bottom conversion support of 2641, we continue to go long. But please note that it is expected that it is difficult to have a large retracement. What needs to be done is to go long directly with the trend. On the one hand, it is difficult to give the market an opportunity to enter the market at a low price after such a break. It is usually difficult to start after a retracement. On the other hand, the market is shrouded in concerns about Russia and Ukraine. As the tension between the two sides continues to escalate, gold may continue to surge at any time due to risk aversion. In terms of intraday operations, in summary, don't look for resistance in the rise, continue to go long with the trend, the support level is 2640/46 area, and the second is 2637/33 area. Either step back to the support level, or buy directly based on the support level as SL, with the target of 2660-2670 area.
TVC:GOLDLong
by ActuaryJ
GOLD Technical Analysis: Consolidation and Key Breakout LevelsGOLD Technical Analysis: Consolidation and Key Breakout Levels The price has reached the supply zone at 2674, which was the previous bullish target. Now, the price is expected to consolidate between 2674 and 2661 until a breakout occurs. - A 4-hour candle close above 2674 will support a bullish move towards 2685 and 2706. - A 1-hour candle close below 2661 will confirm a bearish move, with potential targets at 2644. A break below 2644 could extend the decline further to 2625. Key Levels: Pivot Point: 2674 Support Levels: 2661, 2644, 2625 Resistance Levels: 2684, 2706, 2712 Trend Outlook: - Bearish by stability below 2674 - Bullish above 2674 and 2684
OANDA:XAUUSDShort
by SroshMayi
Gold price analysis November 21Fundamental Analysis Gold (XAU/USD) maintained its buying bias heading into the European session and is currently trading around $2,660, or a one-and-a-half week high touched earlier this Thursday. It was the fourth straight day of positive action and was supported by geopolitical risks stemming from the worsening Russia-Ukraine war, which benefited the safe-haven precious metal. Additionally, a modest decline in the US Dollar (USD) continued to act as a bullish driver for the commodity. That said, rising US Treasury yields, supported by expectations that US President-elect Donald Trump’s proposed tariffs could fuel inflationary pressures and limit the scope for Federal Reserve (Fed) rate cuts, kept non-yielding Gold prices in check. Furthermore, the prevailing risk-on sentiment - described by the positive tone around the equity markets - warrants some caution before placing strong bullish bets around the safe haven XAU/USD. Technical Analysis From a technical perspective, gold is still looking for strong upside in the European trading hours. The 2673-2675 zone is seen as the immediate resistance that Gold is aiming for. When the h1 candle closes above the 2660 zone, consider buying signals at the resistance zone. And today's analysis is similar to the previous day, waiting for a recovery and buying or waiting for a breakout and buying. Pay attention to the important support zones of 2645 and 2618 as Gold is pushed up strongly from this zone.
OANDA:XAUUSD
by TVS-Trader
Analysis of XAU/USD: Gold Price Rises by 5% in a WeekAnalysis of XAU/USD: Gold Price Rises by 5% in a Week As shown in the XAU/USD chart, last Thursday, the price of gold dropped below $2,540. Today, however, the precious metal has surged above $2,660 per ounce. The more than 5% weekly increase was driven by a new wave of international tensions, particularly the escalation surrounding the approval for Ukraine to use Western long-range weapons for strikes deep into Russian territory. Technical analysis of the XAU/USD chart highlights that last week’s upward reversal once again demonstrates how effectively parallel channel lines can work. During the summer, the median line of the ascending channel (marked in blue) acted as support. However, following its bearish breakout on 11 November, the lower boundary of the channel, reinforced by the $2,535 level (which served as resistance in August and September), provided support for the price. Will Gold Prices Continue to Rise? Much will depend on the fundamental backdrop: → Geopolitical news; → The release of economic indicators. For instance, at 16:30 GMT+3 today, the US jobless claims report will be published, while tomorrow will bring PMI data for various countries. Further growth in gold prices cannot be ruled out, especially given the long-term upward trend. However, it is worth noting that bulls have approached a significant resistance level near $2,677. This area saw bearish dominance on 11 November, leading to a breakout of the median line. Bears may attempt to defend control of this level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
2