XAU/USD : CPI is coming, Bull or Bear ?Analyzing the #Gold chart on the 4-hour timeframe, we can see that after entering the highlighted demand zone, gold has delivered a return of over 270 pips so far and is currently trading around $2611.
It’s important to note that today we have the CPI data release, which could significantly impact gold prices. If the CPI figures come in higher than expected, we’re likely to see further declines in gold, and vice versa if the data comes in lower.
Key demand zones remain at $2586-$2593 and $2555-$2562, while important supply zones are $2610, $2619-$2626, and $2643. Additionally, the recent sharp declines in gold have created several liquidity gaps, marked in purple on the chart, which are expected to be filled in the medium term as the price recovers.
Stay cautious and keep an eye on these levels, as well as the CPI announcement, for potential trading opportunities!
The Last Analysis :
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Best Regards , Arman Shaban
Xauusd(w)
GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope?
Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part.
Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts.
Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar.
Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form.
Resistance levels: 2626, 2637
Support levels: 2604, 2569, 2546
If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline.
Rate, share your opinion and questions, let's discuss what's going on with ★
FX:XAUUSD ;)
Regards R. Linda!
CADCHF Signal : 1H / 4H :SHORT !!!!CADCHF 1H
Market price : 0.6326
Sell limit : 0.6330 - 0.6350
Tp1 : 0.6300
Tp2 : 0.6260
Tp3: 0.6200
Tp4 : 0.6120
Sl : 0.6380 ( 40 pip )
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
GBP/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the GBP/USD chart on the daily timeframe, we can observe that the price is experiencing a significant decline. I anticipate that this heavy drop will likely pause, at least temporarily, upon reaching the demand zone between 1.267 and 1.2735. This is a key area of interest, and I expect a potential return of 50 to 200 pips from this level. This analysis will be updated as necessary.
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 !
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EUR/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the #EURUSD chart on the daily timeframe, we can see that the price is currently trading around the 1.06 level. Since the previous analysis, it has dropped over 500 pips. I anticipate that the price will soon react positively to the 1.052 to 1.058 zone, potentially leading to a recovery of 40 to 300 pips.Keep an eye on these marked levels!
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
GOLD → A change in structure and a change in trend. CPI ahead!FX:XAUUSD is turning around. The daily session closes below 2604 and the breakdown of the global structure confirms the bearish nature of the market. The fight for the key 2600 zone continues...
Trump's tough policies could slow the Fed's easing cycle, the dollar would then continue to strengthen at the expense of gold... There is another Fed rate meeting in December and obviously the question is: either 0.25% or hold.
All eyes are on the CPI, the data will determine whether the Fed will continue its rate cut trajectory after December.
A downside surprise in CPI could reinforce dovish expectations for the Fed. Conversely, a stronger inflation report could trigger a change in the regulator's stance. Any reaction to the news could be short-lived as attention immediately shifts to Thursday, PPI and Powell's...
Resistance levels: 2616, 2626, 2637
! Key level: 2604
Support levels: 2590, 2569
The fight for 2604 continues, if the bears can keep the defense below this zone, we should expect a fall. But, there is a high probability of correction on the background of news volatility and retest of resistance 2626-2637 before the further fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
Hellena | GOLD (4H): Short to support area 2540 (wave C).Dear colleagues, I believe that it is too early to talk about long positions. I expect the price to complete a big correction and then we will look for long positions.
So far I see a variant with the completion of wave “C” in the area of 2538-2545.
Preliminary correction to the resistance area of 2645 is possible. Therefore, there are two possible options to enter a position:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GOLD ROUTE MAP UPDATEHey Everyone,
Following on from yesterdays update; After getting the bounce from the swing range for 50 pips, we saw ema5 cross and lock below the swing range, opening the support structure - This was hit today!
We are now expecting a reactional bounce here for support. If the support structure holds with no ema5 lock we are likely to see levels above tested. However, if we see ema5 cross and lock below the full support structure then we will see a break out below. We will update our Goldturn levels on our next update if needed.
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.
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
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2724
EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2665 - DONE
EMA5 CROSS AND LOCK BELOW 2665 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611 - DONE
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SUPPORT STRUCTURE
SUPORT STRUCTURE
2583 (DONE) - 2564
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
GOLD MARKET UPDATEHey Everyone,
This is the weekly chart we have been tracking for over 1 month now and also shared on Sunday.
Last update we stated that EMA5 failed to lock above, which followed with the rejection last week but still maintaining support above the channel top.
We also stated that we will be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before.
- This played out perfectly with the correction that we are seeing now testing the channel top inline with the weekly chart retracement range. We are now expecting a reaction here .
If the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.
However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future.
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
OUR 1H AND 4 CHART UPDATE
Bothe of these charts have tested the swing range, which gave the 40 pip bounces, just like we always state but didn't get the full swing yet. (This is the reason why we always state 40 pip bounces on our weighted levels, as it always delivers, even when it breaks through.)
We are now tracking the 4H chart, where price is playing above the support structure. As long as price maintains above the 4h chart support structure, we should see a correction back up to test the upper Goldturns.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
eurnzd h2 long/short +200/+400 pips swing trade plan🔸Hello traders, let's review the 2hour chart for EURNZD today.
Rangebound trading condition recently, currently expecting a re-test
of the mirror S/R resistance overhead and then sellers will take over
from the resistance.
🔸Key levels for EURNZD traders: 7860 s/r bulls, 8050/60 s/r bears,
7659 mirror s/r bulls level will get re-tested by the bears for liquidity.
🔸Recommended strategy for EURNZD traders: the sequence
is long/short so you want to buy low off the s/r bulls at 7860 SL 40
TP +200 pips, this is the bounce play / re-test of the mirror s/r bears
at 8050 then flip short at/near 8050+-10 pips SL 50 pips TP1 +200
TP2 +400 pips final exit bears at mirror s/r at 7650. this is a swing
trade setup, patience required. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
GOLD BUYING ON DIP TILL 2900$HELLO FRIENDS
As I can see gold had done a retracement from ATH 2790 TO 2590$ It was a 1000+ pips retracement and have a look on Fib retracement it kiss golden ratio 0.50 and made a fake breakout to the support channel today candle closing above this support zone is another clue for a new Bull Run of incoming year 2025 as we can see geopolitical tension are escalating and still there is nor cease fire Trump is just a Hope for US not a Full Solution to set the economy in my view he is the man who is just only a hope but it will not work charts are crystal clear Tomorrow CPI Data can create some volatility in markets so make a proper sear is just a trade idea with small risk and big rewards we are looking for ur support and love boost it so many other new traders can join the rally Stay Tuned for more updates
HelenP. I Gold will break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price dropped to the support level, which coincided with the support zone and then started to grow. In a short time, Gold rose to 2665 points and then made a small correction, after which continued to move up. Later, the price rose to the 2720 resistance level, broke it, and started to trades inside consolidation, where it some time traded near this level in the resistance zone. Then Gold rebounded up to the trend line, which coincided with the top part of the range and started to decline between this line. In a short time, the price fell to the 2720 level and later made impulse down, thereby breaking this level and exiting from consolidation. Also, the price broke the trend line, but soon backed up and then continued to decline. Later, the price dropped to the support zone, breaking the trend line one more time, after which a not long time ago rebounded from this area, breaking the trend line one more time. Now, I expect that XAUUSD will rise a little and then drop to 2555 points, which coincides with the trend line, thereby breaking the support level. If you like my analytics you may support me with your like/comment ❤️
Gold- In search for a bottomTrading OANDA:XAUUSD has been nothing short of a roller coaster since early October.
Initially, it seemed like the rally might never end, but now the drop is unfolding in a similar manner.
Although I anticipated a strong decline, I’ll admit that I didn’t expect it to be quite this steep.
Gold has now fallen 2,000 pips from its all-time high, and to me, it’s clear that the 2,800 level is likely to hold for a while.
However, the outlook for the downside remains uncertain. The price has broken below several key support zones and even briefly tested levels below the 2,600 mark.
On a positive note for the bulls, each dip below 2,600 has been met with a quick reversal, which may suggest a false breakout.
Whether this holds true is still unclear and requires confirmation—a move back above 2,620 would be a positive signal, potentially setting 2,660 as the next target.
On the downside, there is significant support at 2,525, although recent rebounds from 2,600 make it unlikely this level will be tested in the coming days (though with this level of volatility, anything is possible).
In summary, I am currently out of the market but will be watching closely for clear signs of a bottom to confirm a new buying opportunity.
Gold Roadmap==>>Starting to RisingAs I ✅ expected ✅, Gold ( OANDA:XAUUSD ) started to correct from the Potential Reversal Zone(PRZ) , and after breaking the Ascending Channel , it managed to break the 50_SMA(Daily) as well.
Gold is moving near the Support zone($2,603-$2,584) and Support lines .
According to the Elliott wave theory , the first corrective wave of Gold ( main wave 5 ) can be completed in the Support zone($2,603-$2,584) .
Also, Regular Divergence(RD+) between Consecutive Valleys .
I expect Gold to Go up to at least the Broken Support zone($2,640-$2,624) .
⚠️Note: We should expect more dumps if Gold goes below the Support zone($2,603-$2,584).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Gold - This Will Be The Top!Gold ( TVC:GOLD ) is starting to reject the channel resistance:
Click chart above to see the detailed analysis👆🏻
Gold perfectly retested the top of the rising channel after rallying more than +35% over the past couple of months. Just looking at this overextended rally alone, it is quite likely that Gold will correct even more and maybe, we will even see a retest of the previous breakout level.
Levels to watch: $2.700, $2.050
Keep your long term vision,
Philip (BasicTrading)
XAUUSD: Big Dump On The Way, worth 1000+ pips! OANDA:XAUUSD
Price failed to reach 2640$ region where we had expected price to drop from, since the bearish pressure is too high at the moment. In our view gold will continue to drop until we can see some bullish pressure and bearish exhaustion until then the trend is extremely bullish. No major correction may occurs based on the current price momentum. Good luck.
GOLD → Correction is getting stronger. Next is 2500Hello, dear traders, Ben here!
Spot gold is consolidating around the $2,600 mark on Wednesday after extending its recent slide to $2,589 per troy ounce, marking the lowest point since September
Meanwhile, sellers have decided to take a pause ahead of the key U.S. CPI report, which could significantly impact Fed rate-cut expectations and provide fresh momentum.
In theory, any effort to drive gold prices higher might be constrained due to the poor performance of stocks, which continues to boost demand for the U.S. dollar. Most Asian and European indices closed in the red, while Wall Street pared its latest gains, with all three major indices down, albeit with limited declines.
Looking ahead, October’s Consumer Price Index (CPI) is expected to come in at 0.2% month-over-month and 2.6% year-over-year, the latter being slightly higher than the previous 2.4%. However, the annual core CPI is anticipated to remain stable at 3.3%. Additionally, market participants are speculating on what a potential Trump return to the White House might mean for the U.S. and the rest of the world.
From a technical perspective, gold is attempting to break out of a primary range, breaching the key support. If there’s a false break around the 2,610 level, a minor correction toward resistance may form. However, with prices testing a strong support level, we may see a false breakout and a corrective movement to the 2,626-2,636 area (0.618 fib line) before resuming the downtrend.
GOLD Bearish Breakout! Sell!
Hello,Traders!
GOLD was trading in a
Strong uptrend but now
We are seeing a bearish
Breakout so we are locally
Bearish biased too so we
Will be expecting a further
Move down
Sell!
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Check out other forecasts below too!
GOLD - Price can reach resistance area and continue to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price moved up inside rising channel, where it broke $2725 level and later made a gap.
After this, price rose to resistance line, turned around, and bounced down to resistance area, exiting from channel.
Then price started to trades in pennants, where it traded near resistance area and then reached resistance line of this pattern.
Gold bounced from this line and made downward impulse to $2660 level and then bounced up to $2710 points.
Later price started to decline and in a short time declined to support line of pennant and recently broke it with $2660 level.
In my mind, Gold can reach resistance area and then continue to decline to $2600
If this post is useful to you, you can support me with like/boost and advice in comments❤️
gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave
bullish impulse is complete now we are entering ABC correction.
🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653,
Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently
A in progress 2770/2525.
🔸Recommended strategy for gold traders: higher risk bounce play
once A completes and transitions into B bounce, BUY/HOLD 2525
exit at 2678. Lower risk sell side setup: B completes near 2678
short sell into bounce exit at 2383 once C completes into liquidity
order block zone. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
US100/NASDAQ TRHOUGH THE ROOFAfter this week's rally thanks to DT arrival in office, it seems like stability and American success is here and cannot be stopped.
So we're thinking a new HH for Nasdaq before this weekend, as you can see with this round bottom pattern.
GOLD Finally Giving Bullish P.A ,Are You Ready To Get 500 Pips ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold 1H Intra-Day Chart 14.11.2024Gold is really oversold right now. I am looking for some retracement as relief to sellers. I will then look to short the market back down again.
