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Try to short gold with 2660-2670 area as resistanceGuys, I'm a professional trader! So I don't like to exaggerate my trading ideas too much. I like to record my trading strategies in a simple way and keep steady profits! Today, when gold tried to fall below 2420, I believe many people are expecting gold to continue to fall and fill the gap below, at least many people expect gold to fall to the 2610-2600 area. When gold failed to effectively fall below 2620 three times, I chose to buy gold and ended our transaction by hitting TP: 2645, which was a very good profit! At present, gold has touched around 2650. Obviously, I will not continue to buy gold here. Instead, I will look for opportunities to short gold! So where will gold rise? I think there will not be much room for growth in the short term, and it will face resistance in the 2660-2670 area in the short term. So I will try to short gold with resistance in this area. So trading strategy: short gold at 2655-2665, TP: 2645-2635
OANDA:XAUUSDShort
by Trader_Marvin
GOLD ROUTE MAP UPDATEHey Everyone, A Piptastic day on the charts today once again hitting our targets and playing out, as analysed. After completing our targets this week yesterday we stated that we had a cross and lock above 2622 opening 2649 and as long as 2622 holds and we don't see a cross and lock below 2622, 2649 will remain open. - This played out perfectly, as 2622 held without ema5 crossing and gave the support for our Bullish target at 2649 to be hit, completing this target!! We will now look for ema5 to cross and lock above 2649 to open the range above or failure to lock above will see price test the lower Goldturns for support. 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
19
Bearish Divergence Between DXY US Dollar Index & RSIThe DXY is butting up against a zone of significant resistance, and a bearish divergence between the index and the relative strength index suggests that buying pressure is fading here. A sharp correction in the dollar could have significant implications for gold, silver and other commodities. Today we saw a rally in the DXY on a safe haven bid following news of escalation in Ukraine. If a major conflict between NATO and Russia really does break out, investors may learn the hard way that fiat currencies in fact do not make the best safe havens.
TVC:DXYShort
by smartsilverstacker
XAUUSD: 20/11 Today’s Market Analysis and StrategyGold technical analysis Daily resistance is 2640, support below is 2564 Four-hour resistance is 2640, support below is 2507 Gold operation suggestions: Gold prices generally showed an upward trend on Tuesday. Today, they shot up to around 2640 and were blocked. Judging from the current 4-hour gold trend, focus on 2638-42 for short-term suppression at the top, 2650 for important suppression at the top, 2606-2610 first-line support, patiently wait for key points to enter the market. Wait patiently for key points to enter the market. SELL: 2635near BUY: 2608near 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 & SILVER Attempt To Break Higher - Moving Into EEP #3Gold and Silver attempt to break upward, moving away from the larger EPP Phase #2 (consolidation/FLAGGING) setup. If my research is correct, we'll see a very strong rally setting up in Gold/Silver over the next 2-4+ hours - likely see GOLD rallying up to $2720+ and SILVER rallying up to $32.50-$33. Get ready. This could be a very strong rally phase targeting new all-time highs over the next 15+ days. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Long
by BradMatheny
GOLD | False breakout of the trendline? It's pretty much risky position, but I think with 60% certainty that what's going on right now with gold price is purely fasle and fake breakout of the trendline. Although I have an opinion that DXY currently on a Bullish flag and will soon skyrocket again, but it's in a 4 hour time frame so it'll not happen soon. While gold is transferred to bullish trendline, I think it'll go this way for at least next day. Will it fall hard later? Maybe? I don't know. It's not the main question. My main point is that I opened my 7th position. Opening: 2636 TP: 2645 SL: 2585 Not only my own analysis, but also other tools and AI telling me about this position. By the way, I can actually be super wrong. But that's the game, isn't it? So let's see what's gonna happen.
OANDA:XAUUSDLong
by AltairView
GOLD Is Bearish! Sell! Take a look at our analysis for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 2,634.92. The above observations make me that the market will inevitably achieve 2,574.59 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
FOREXCOM:XAUUSDShort
by SignalProvider
1
SPY/QQQ Plan Your Trade For 11-20 : Flat-Down PatternToday's Flat Down Pattern suggests the SPY & QQQ will trail downward a bit within the current #2 sideways flagging pattern. I believe this setup is indicative of a broader breakdown (Anomaly Event) playing out headed into Thanksgiving and into the end of the year. Gold and Silver are also moving in an Inverted Excess Phase Peak pattern - struggling near a Phase #3 (sideways consolidation) range. This move will resolve to the upside if my research is correct, yet we could also see Gold and Silver move into a very large Phase #2 type of EPP phase (Flagging downward). This could setup a very large upward price rally in Gold and Silver over the next 60+ days. BTCUSD is struggling to break to new highs. Although I see a confirmed bullish trend because of a recent new Higher High, I also see BTCUSD struggling to continue to make new highs right now. Because of this, I see some potential for a breakdown if BTCUSD is unable to rally to new highs within the next 5 to 6+ hours. Remember, price must always attempt to make new highs or new lows. Failure to make a new high means price must then attempt to make a new low. Failure to make a new low means price must then attempt to make a new high. These are the RULES OF MARKET PRICE ACTIVITY. Once you learn to use/follow them, trading becomes a bit easier to understand. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYShort
by BradMatheny
2
Russia has issued a stern warning to the US and its alliesWorld gold prices increased sharply due to increased demand for safe havens. Kitco senior analyst Jim Wyckoff said that buying activities take place when the geopolitical situation is heating up, promoting stronger risk-avoidance sentiment. Reports say Ukraine has carried out its first attack on a border region in Russia using long-range missiles supplied by the West. On November 17, the New York Times reported that US President Joe Biden authorized Ukraine to use ATACMS missiles to attack deep into Russian territory. However, the White House has not yet issued an official statement. RT reported that Russia has issued a stern warning to the US and its allies, declaring that any use of long-range missiles by Ukraine to attack deep into Russian territory would mean that major powers The West is directly involved in the conflict. Russian Foreign Ministry spokeswoman Maria Zakharova stated that any such move would "completely change the nature of the Ukrainian conflict".
TVC:GOLDLong
by FalCol_TradingMaster
XAU/USD : More Fall Ahead ? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we notice that today’s market opened with a positive price gap between $2563 and $2566 . These types of gaps often act as magnets for price action, as markets tend to fill such gaps over time. Based on the current bullish momentum, I expect a price correction in the near future to fill this gap. Looking deeper into the structure, we can see that gold’s recent rally has managed to fill the Fair Value Gap (FVG) from the previous bearish move to a significant extent. However, it still has room to climb and fully fill the gap at $2606. This level could serve as a critical zone where we might observe a strong price reaction . Keep this level on your radar—it could either confirm a continuation of the bullish trend or trigger a reversal. From a broader perspective, the ongoing geopolitical tensions in the Middle East and the Ukraine-Russia conflict continue to provide a safe-haven bid for gold. These factors have been instrumental in driving demand, even as the US dollar shows signs of consolidation after its recent strength. On the macroeconomic front, recent data showed strong US retail sales for October , indicating resilience in the economy. However, there’s growing uncertainty around the Federal Reserve's policy direction. Markets currently price in a 65% probability of a 25bps rate cut in December, which could weigh on the dollar further and provide support for gold in the medium term. From a technical standpoint: 1. Gold remains in a bullish structure, but short-term corrections are expected due to overbought conditions and the need to fill the gap at $2563-$2566. 2. The $2606 level acts as a magnet for price, as it marks the full closure of the previous FVG. Monitor this level closely for signs of rejection or continuation. 3. In case of a rejection at $2606, a retest of support levels near $2545-$2550 could be on the cards, aligning with the gap fill. Key Levels to Watch : - Support: $2563 (gap low), $2545 - Resistance: $2606 (FVG top), $2620 To summarize, while gold’s rally has been impressive, the presence of both the unfilled gap below and the remaining FVG above suggests that the market could be at a pivotal point. Watch these levels carefully, as they are likely to guide gold’s next move. Previous Analysis : 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
OANDA:XAUUSDShort
by ArmanShabanTrading
47
Silver - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAGUSD has been overall bullish, trading within the rising channel. Currently, XAGUSD is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong support and round number $30. 🏹 Thus, the highlighted gray circle is a strong area to look for trend-following buy setups as it is the intersection of the $30 round number and lower gray trendline acting as a non-horizontal support. 📚 As per my trading style: As #SILVER approaches the gray circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAGUSDLong
by TheSignalyst
1
Gold-> Buyer Back Yet?Dear Traders, Ben here! After suffering significant losses last week, gold has regained its recovery momentum and is trading positively above $2,600 on Monday. The fundamental backdrop supports this recovery. Key resistance levels at $2,518 and $2,628 now divide the market into two distinct zones. Meanwhile, market participants are awaiting moves from several Fed officials this week to gain further insights into the U.S. interest rate trajectory. The most likely scenario at the moment is a slight recovery in gold prices following the recent steep sell-off, with expectations for gold to climb higher after several reversals in the USD. In the medium term, bulls need to reassess U.S. policy planning in December, as the Fed is expected to hold rates steady in January. This has not been fully priced into the market, so any adjustments could pose challenges for gold. Technically, since the market opened, prices have climbed considerably, increasing the likelihood of resistance capping further upward movement. A false breakout at $2,589 and subsequent consolidation below this zone would strengthen selling pressure. However, there is potential for a retest of $2,618 (Order Block). Similarly, a failed breakout could trigger selling momentum. But if the fundamentals align strongly in favor of gold, the market may have a chance to shift the local trend from the $2,618 zone.
OANDA:XAUUSDShort
by Bentradegold
GOLD → Market confirms downtrendFX:XAUUSD is testing resistance of a key descending channel. Bears continue to resist based on important fundamental aspects of the global economy Fears of further geopolitical escalation between Russia and Ukraine are likely to subside a bit. In addition, the Fed speech will help determine the U.S. central bank's future path on interest rates. Attention is focused on the December rate meeting.... Technically, the gold confirms the downtrend channel, so we have a key trend to follow in our trading decisions. A false breakdown of the local resistance at 2627 is forming. Consolidation of the price below this zone may provoke further decline Resistance levels: 2627, 2643 Support levels: 2694, 2560 Another resistance retest is possible. It will be possible to talk about buying after the price will be able to break 2643 and consolidate above this zone (additional scenario). But in priority I consider further decline from 2627 or from the channel resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
8
Gold Price Analysis: Key Levels and Potential MovementsGold Technical Analysis The price has approached a key resistance level of around 26,412 before retreating. A further decline is anticipated, potentially reaching 26,212. If a 4-hour or 1-hour candle closes below this level, the price may continue to drop, targeting 25,888. Conversely, if the price reverses and stabilizes above 26,444, it would signal a bullish trend, with potential upside movement toward 26,777. Key Levels: Pivot Point: 2625 Support Levels: 2612, 2588, 2558 Resistance Levels: 2644, 2660, 2677 Trend Outlook: - Bearish by stability below 2625 and 2612 - Bullish above 2644
OANDA:XAUUSDShort
by SroshMayi
1