GOLD Technical Analysis! BUY!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2684.2
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2718.8
My Stop Loss - 2662.8
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Metals
SILVER: Move Up Expected! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 32.00850$
Wish you good luck in trading to you all!
GOLD: Local Correction Ahead! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,661.167$
Wish you good luck in trading to you all!
GOLD Massive Short! SELL!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 2743.3 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2736.6
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
SPY/QQQ Plan Your Trade For 11-7 : Rally Pattern DayGood morning,
Although I would argue the post-election rally may already be moving into exhaustion, the SPY Cycle Patterns suggest today is a Rally pattern in Trending mode. So, I expect the markets to attempt a bit of a carryover rally phase today - moving into a Counter-trend Rally pattern tomorrow.
That counter-trend rally pattern suggests the markets will try to find a peak/top and roll downward into the close of the week.
Gold and Silver appear to be basing with a potential for another move downward today - retesting recent lows. Based on my estimate related to Fibonacci Time Cycles, I believe Metals is looking for a momentum base to rally off of. Thus, I suggest traders prepare for a big move upward in Gold and Silver over the next 4 to 7+ trading days.
Bitcoin is still in a Bullish trending phase after breaking into new highs. Today, I spent quite a bit of time going over the Excess Phase Peak pattern related to how the price is trending and what to expect.
It is critical to understand that the markets will move away from this post-election relief rally phase over the next week or so. Ultimately, what has changed is that we have a new POTUS with new policies and objectives in 2025. Right now, everything is still pretty much the same as it was last week.
Volatility is still high and I urge traders to stay cautious. The time for adding more liquidity will come after November 25-30.
Remember, the number 1 rule for traders is to Protect Capital. You can still trade, just trade much smaller allocation levels for now.
We are about to move into a period of moderate consolidation. Sit back and wait out this sideways trend. The real opportunity will come after November 25-30.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold Update: Post-Election WeaknessThe price of gold typically drops after U.S. elections, and this time is no different.
This weakness coincides with the expected wave count on the chart, as Wave 4 correction was anticipated. (see related)
Wave 3 is extended, and so is sub-Wave 5 within it, which is a common pattern for commodities.
Wave 4 has now begun, and there are two ways to measure its potential target:
1. Wave 4 typically retraces Wave 3 by around 38.2%.
2. The trend channel formed through the peaks of Wave 1 and Wave 3, and the valley of Wave 2, suggests a potential bottom for Wave 4.
This chart shows an amazing alignment of these two factors: the 38.2% Fibonacci retracement is at $2,428, and the bottom of the channel is around $2,450. These levels provide a strong double support for gold prices.
The final upward impulse should at least retest the all-time high of $2,802 (the peak of Wave 3).
The Cup & Handle pattern (see related ideas) has a target of $3,000.
GOLD about to crash? GOLD losing it's bullish sentiment. Lost it's Wedge, RSI had bearish divergence, All indicators flipping bearish, losing key EMA's.
If this happens, it would probably mean that people selling gold and getting in crypto/stocks as USA have elected Donald J. Trump as new president, all markets expecting pump, therefore Store of Value assets should be going down for about a year from now.
E: $2665
SL: $2705
TP: $2300 to $2000
Market Analysis: Gold Price Takes HitMarket Analysis: Gold Price Takes Hit
Gold price is declining below the $2,700 support zone.
Important Takeaways for Gold Price Analysis Today
- Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar.
- There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price was able to climb above the $2,750 resistance. The price even broke the $2,765 level before the bears appeared.
The price traded toward $2,785 before there was a fresh decline. There was a move below the $2,760 pivot zone. The price settled below the 50-hour simple moving average and RSI dipped below 30. Finally, it tested the $2,645 zone.
The price is now consolidating losses near the $2,660 level. Immediate resistance on the upside is near the $2,668 level or the 23.6% Fib retracement level of the downward move from the $2,749 swing high to the $2,643 low.
The next major resistance is near the 50-hour simple moving average and the 61.8% Fib retracement level of the downward move from the $2,749 swing high to the $2,643 low at $2,708.
There is also a key bearish trend line forming with resistance at $2,725. An upside break above the $2,725 resistance could send Gold price toward $2,760. Any more gains may perhaps set the pace for an increase toward the $2,780 level.
If there is no recovery wave, the price could continue to move down. Initial support on the downside is near the $2,645 level. The first major support is $2,635. If there is a downside break below the $2,635 support, the price might decline further. In the stated case, the price might drop toward the $2,620 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
XAUUSD- Bearish Continuation or Reverse...GOLD
Technical Analysis
Gold recently dropped below a key pivot level, signaling a potential bearish continuation. Notably, as we mentioned yesterday already dropped about 85$
Bearish Scenario: If Gold remains below the pivot at 2677, further declines are expected toward the support levels of 2644 and potentially down to 2629. Stability below 2629 would reinforce bearish momentum, targeting 2587 as the next level.
Bullish Scenario: A move above 2677 may trigger a bullish rebound, with an initial target at 2695. Sustained trading above 2706 would suggest further upside potential, aiming toward 2749.
Key Levels:
Pivot Point: 2677 - 2668
Resistance Levels: 2695, 2706, 2720
Support Levels: 2645, 2629, 2606
previous idea:
XAGUSD_Buyhello
Analysis of silver in the medium and long term The market can enter a new upward trend due to the breaking of the downward trend line. In order to create a new ascending wave, it must be able to maintain the support level of 28.88 and 30.00 as support and also maintain the ascending channel, which can be considered the target of this ascending wave in the long term at 44.44. The growth percentage can be considered as 50% price increase.
XAUUSD : Head and Shoulders PatternTrading Setup:
A Trading Signal is seen in the Gold XAUUSD h4
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 2740.8
⭕️SL@ 2763.8
🔵TP1@ 2686.5
🔵TP2@ 2660.1
🔵TP3@ 2586.1
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,667.00
General outlook
XAUUSD has been under buying pressure within the last couple of hours. The pair moved to the resistance level of 2,667.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,665.
Set your stop loss at 2,670. below the previous low ($5.00 loss for 0.01 lot) and take profit at 2,644. ($21.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Silver Faces Heavy Resistance: Time to Consider a Short?The price of Silver recently reached a key weekly demand zone from 2012, a level that has historically been significant in the market. Currently, the price appears to be following a similar reversal pattern to Gold, suggesting potential downside in the near term. For a clearer understanding of this correlation, check out my detailed analysis of Gold on my page, where I delve into its ongoing reversal pattern.
In the chart provided below, you’ll see my weekly analysis of Silver, highlighting this critical supply area:
View the chart here.
Market Sentiment and COT Insights
Market sentiment in Silver is still leaning bullish among retail traders, contrasting with the more developed reversal in Gold. The Commitment of Traders (COT) report continues to show strong bullish positioning among retail traders in Silver, which often signals a potential contrarian move. Meanwhile, the Forecast Indicator, which captures seasonal tendencies, is pointing towards a possible reversal in Silver during this part of the year.
Technical Outlook
From a technical perspective, Silver’s move into this weekly demand zone could mark the start of a more pronounced downtrend, aligning with the reversal patterns seen in Gold. Historically, this zone has acted as a strong resistance level, where price has struggled to break higher. As such, it’s a prime setup for a short position with a focus on capturing downside momentum.
The current setup aligns with both technical signals and the COT report’s insights, indicating that smart money may soon start to unwind long positions, adding to the potential for further declines in Silver.
Trade Setup
Given the current scenario, we’re keeping a close eye on Silver for a short setup. Key factors to watch for confirmation include:
-A sustained rejection at the current demand level.
-Divergence signals aligning with a downward move.
Further weakening in Gold, which could act as a leading indicator for Silver’s bearish movement.
Final Thoughts
The current analysis suggests that Silver could be entering a potential reversal phase, similar to what is already underway in Gold. However, it’s crucial to remain patient and wait for confirmation signals before committing to a short position.
I’d love to hear your thoughts on this analysis. Do you think Silver’s reversal is imminent, or is there more room for upside before a potential downturn? Let me know in the comments below!
$BTC have a gold fractal!Please pay attention to the Bitcoin chart and the Gold fractal! It's incredible, but it looks very similar. The level of correlation is quite high! Similar formation of tops, bottoms, breakout without retest and then now breakout phase with retest. The retest was successful. Very soon there will be the strongest growth! Good luck!
Horban Brothers!
XAUUSD is waiting for the FOMCWhere should XAUUSD goes?
XAUUSD is currently in fibonacci 1.618 area and have the ABC movement.
After Donald Trump wins the election, DXY becomes quite strong which push the gold move downward after reaching all time high before
I am seeing XAUUSD will move up because we expect Fed will cut the rate
Waiting for confirmation in M15 to create new high and put the stop loss in 2630-2640 area and XAUUSD shuold not break the downward trendline.
Good luck!
Correction Silver. H4 07.11.2024Correction Silver 📉
In silver, I expect a correction deeper to the final zone of 29.70-30.10 where significant option fills and double margins fall into. Therefore, we should be prepared for a deeper correction in silver, especially on the back of the gold decline, which usually catches up with silver with a small lag. Of course, we can't exclude the growth from current levels, but the conditions are weak.
CAPITALCOM:SILVER