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GOLD → The fundamental backdrop is changing, as are the targets$FX:XAUSUD breaks local trend and makes sellers nervous. The fundamental background is changing despite the growth of the dollar, which is generally positive for gold as a safe asset in times of crisis The dollar rallied strongly on Wednesday as traders increased optimism on Trump's dealings, digesting hawkish comments from the Federal Reserve. Despite the hawkish shift in Fed expectations and the optimism of the overall market syuttaion on the dollar, the gold price held up and benefited from escalating geopolitical tensions between Russia and Ukraine. Against the backdrop of the escalating Russia-Ukraine conflict, the gold price is likely to be firm, but upcoming Fed comments could strengthen sellers. Technically, gold has all chances to test the previously broken channel boundary, but based on the technical and fundamentals, we can conclude that further growth may continue. Resistance levels: 2665, 2686, 2700 Support levels: 2643, 2627 The price is heading towards the zone of liquidity and interest, from which a correction may be formed, after which the market may resume the growth of gold, as the interest to the metal as a hedge asset has returned. Medium-term targets could be 2700-2750 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
8
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
2
GOLD | Will Bull Flag and Global Events Help Gold Rise?Hey, ladies and gentlemen. In my personal opinion, while everyone else is thinking about gold falling again, I believe it’ll probably just keep rising to collect all the stop losses of the bears. Although the bullish trendline was broken recently, it’s creating a new trendline, probably a little bit thicker than the previous one. I think now, with this trendline, it’ll hunt for the record highs it reached before the election. What’s interesting is not just the price action, but also global events like the USA closing its embassy in Ukraine due to fear of escalation by Russia after what Ukraine used against them. Also, there’s a bullish flag forming right in front of our eyes. So, I’m pretty much certain, with a 75% chance, that it may keep rising. Also, what I wanted to point out is that my previous position proved to many people that stop losses placed far away are the correct way to work with the current gold situation. That’s why here’s my new 8th position: Opening: 2648 Take Profit: 2655 Stop Loss: 2590 Nonetheless, even with 75% or 99% certainty, you should never use your entire deposit during a trade. This is not a game of luck—treat this job as a business. With that being said, let’s see now what’s going to happen.
OANDA:XAUUSDLong
by AltairView
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically... The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset. In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook. Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bentradegold
5
Could the Gold reverse from here?The price is rising towards the pivot and could drop to the 38.2% Fibonacci support. Pivot: 2,663.55 1st Support: 2,618.32 1st Resistance: 2,708.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
1
US DOLLAR - Let Me Explain My Bearish Thesis...In this video, I’ll share why I believe the markets are on the verge of a major downturn. By analyzing the US dollar chart alongside Gold, the S&P 500, and Bond Yields, I’ll explain why we may be approaching the final stages of this market cycle for stocks and asset prices. This shift could devastate the economy, setting the stage for the next bull market. While the extent of the drop will depend on market forces, I’ll explore how such a scenario could unfold. We’ve already seen Oil prices plunge to zero—if you think that can’t happen to other markets, time may prove otherwise. This is simply a turning point, a necessary reset to pave the way for future growth. This is not financial advice.
TVC:AU10Y
by AriasWave
Gold price continues to increaseGold prices continued their upward adjustment today, marking a three-day streak of gains as heightened risk aversion fueled demand for safe-haven assets. This impressive rally comes despite the strengthening U.S. dollar, showcasing the precious metal's resilience in uncertain market conditions. So far this week, gold has surged over 3.40%, with bullish momentum driving prices closer to the key $2,700 mark. As investors seek refuge from mounting geopolitical tensions and economic risks, gold remains firmly in the spotlight, reinforcing its role as a reliable hedge against market volatility.
OANDA:XAUUSDLong
by Veda_Solomon
7
GOLD--> Trend favors sellersGold prices maintained their recovery momentum on Wednesday, gaining over 70 pips early in the trading session and currently trading steadily around the 2639 USD level. While the metal is showing signs of upward movement, this momentum appears to be short-lived as the overall trend remains favorable for sellers. The primary driver is the weakening of the US dollar, as investors take profits following last week's strong rally. Since gold is priced in USD, a weaker dollar makes the metal more accessible to buyers using other currencies. Additionally, ongoing geopolitical tensions continue to provide strong support for gold prices, with the current target aimed at the resistance level of 2665 USD. If the price successfully breaks this level, further recovery could be expected. Conversely, if it fails, the recommended strategy remains selling in line with the primary trend.
OANDA:XAUUSDShort
by TomtradeFX
1
XAUUSD, 15-MINUTE TIMEFRAME CHARTCAPITALCOM:GOLD XAUUSD, 15-minute timeframe chart General outlook XAUUSD has been under buying pressure within the last day. The pair moved to the level of 2,650.00. Possible scenario The best way to use this opportunity is to place a buy order at 2,652. Set your stop loss at 2,647. below the previous low ($5.00 loss for 0.01 lot) and take profit at 2,672. ($20.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. OANDA:XAUUSD CAPITALCOM:GOLD
TVC:GOLD
by QAZIFXTRADER
Gold Prices Rebound but Bearish Trend DominatesGold prices extended their recovery momentum on Wednesday, gaining over 70 pips during the early session and hovering around $2,639. While the precious metal shows signs of short-term strength, the broader trend remains favorable for sellers. Gold’s recent rally stems from a weakening U.S. dollar, as investors took profits following last week’s sharp dollar gains. Since gold is dollar-denominated, a weaker dollar makes it more attractive to buyers using other currencies. Geopolitical tensions also continue to provide support, with the next target set at the $2,665 resistance level. Should gold breach this level, further recovery may follow. However, if resistance holds, the primary bearish trend suggests prioritizing selling opportunities.
OANDA:XAUUSDShort
by Veda_Solomon
7
Ukraine is dangerous, GOLD receives support from risksOn Wednesday (November 20) on the Asian market, spot gold continued to increase in the short term. Gold price has just retested the mark of 2,640 USD/ounce, increasing sharply to reach nearly 10 USD during the day. Growing concerns about the Russia-Ukraine crisis have caused gold prices to rise further. It is worth noting that geopolitical tensions flared up again due to information that the Biden administration authorized Ukraine to use US-made weapons to attack Russian territory last weekend. Geopolitical tensions, economic risks and a low interest rate environment have enhanced the appeal of gold. Bloomberg of the US commented that as the conflict entered its 1,000th day, Ukraine used its newly acquired long-range missile capabilities to attack a military base on Russian territory. Moscow has warned against such actions and stepped up threats of nuclear responses to conventional attacks. Russia's war in Ukraine has entered a dangerous new chapter On Tuesday local time, Ukrainian forces used the US Army Tactical Missile System (ATACMS) for the first time to attack a facility in Russia's Bryansk Oblast. The Russian Ministry of Defense confirmed that Ukraine used missiles from the US military's Tactical Missile System to attack Russia and that Russia's anti-missile system shot down 5 out of 6 missiles. On Tuesday local time, Russian President Vladimir Putin signed a decree approving a new version of Russia's basic national policy on nuclear deterrence, which took effect from the date of signing. The new version of the policy expands the range of countries and military alliances with which Russia can exercise nuclear deterrence, and proposes to consider "aggression against Russia by any non-nuclear state with the participation or support of nuclear states" is a "joint attack". against Russia. (Directly aimed at America) Bloomberg noted that two developments on Tuesday worried investors, causing investors to rush into safe-haven assets, especially gold. On the daily chart, gold tested the 0.618% Fibonacci retracement level at $2,640, which is an important technical point for the downtrend that readers should pay attention to through the price channel. Currently, gold still has conditions to decrease in price with the main trend from the price channel and the main pressure from EMA21 still maintained. On the other hand, the Relative Strength Index is also creating a curve as it approaches the 50 level, which shows that buying is slowing down. Technically, gold still has a more bearish outlook. However, if it breaks the price channel and rises above the EMA21 level, a new uptrend could open. During the day, the bearish technical outlook still prevails and the notable points are listed below. Support: 2,605 – 2,600USD Resistance: 2,640 – 2,668USD SELL XAUUSD PRICE 2653 - 2651⚡️ ↠↠ Stoploss 2657 →Take Profit 1 2646 ↨ →Take Profit 2 2641 BUY XAUUSD PRICE 2589 - 2591⚡️ ↠↠ Stoploss 2585 →Take Profit 1 2596 ↨ →Take Profit 2 2601
OANDA:XAUUSDShort
by Xayah_trading
5
2024-11-20 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Bullish target was met with 2650 and now it’s big decision time. Bear trend line and daily 20ema was hit. By Friday we will know which way market wants to go. Expecting sideways to down tomorrow but everything below 2600 would surprise me. comment : Very bullish week so far to potentially big resistance. My preferred path is a two legged correction and we are in the A of it. Market has to pull back soon but if bulls get above 2660, we will see 2700 soon. Last thing I want to do this week is looking for shorts in this. current market cycle: trading range key levels: 2620 - 2700 bull case: Bulls are in control again. They now only need a strong close above the daily ema to make the last bears run for the exits. Can they get it before a pullback? I doubt that. Not much more magic to it. Big bull trend is still valid but the peak euphoria is over and we will likely see more bearish legs in between since bears made big money previous 2 weeks. Invalidation is below 2600. bear case: Bears who sold late are trapped, they need a pullback to get out of their position. They are at 3 very important prices. Breakout retest is around 2650-2660, daily ema is here and the 50% retracement is at 2672. If these are not good enough for the market to pull back to 2600 or lower, nothing will. Invalidation is above 2670. short term : Neutral. Expecting a pullback and then another big rally to at least 2750. medium-long term - Update from 2024-11-17: Tough call for the rest of the year. If I had to guess I’d say that we rally to 2800 again before year end, just so we can sell off beginning of 2024 but it’s pure guesswork as of now. current swing trade: None trade of the day: Buying 2625, which market tried for 3 hours to close a 15m bar below and could not. Buying it was good for 350 ticks.
COMEX_MINI:MGC1!
by priceactiontds
Bitcoin Breaks Record, Shrugs Off Risk-On Label Gold extended gains for a third consecutive session, crossing $2,650 per ounce, as investors sought safety following an escalation in the Russia-Ukraine conflict. Meanwhile, Bitcoin is also performing well and doesn't appear to be acting totally as a risk-on asset in this environment, surging to a fresh record high. President-elect Donald Trump’s administration is reportedly considering a dedicated cryptocurrency policy role within the White House, Bloomberg reported. Adding to Bitcoin's momentum, the Financial Times revealed that Trump Media and Technology Company is in advanced talks to acquire crypto trading platform Bakkt. Bitcoin remains above key technical levels, including the 50- and 100-day EMAs, while the RSI hit overbought territory at 80.
BLACKBULL:BTCUSD
by BlackBull_Markets
GOLD TECHNICAL UPDADE GO AND >READ THE CAPTAN BuddyS Dear friend 👋 Gold trading signals technical analysis fundamental analysis Update) BuddyS Gold 1D Time Frame 🖼️ looks like high Volume Buying said technical analysis looks fisrt testing supply zone 2686📈 That is big resistance level pullback down trand 🙊📉 down trand target 🎯 2506 long time Trade ) First Hit limit trade entry ☺️ signals 🚀 buying side 2622 Target 2640 2680 OANDA:XAUUSD TVC:DXY Signals selling side 2686 Target 2650 2500 Follow risk management ❤️ Support ✴️ My hard analysis setup like And Following Me 🤝 that star ⭐ off game 🎮 📉📈
OANDA:XAUUSDShort
by SMC-Trading-Point