XAUUSD:7/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance is 2700, support below is 2600
Four-hour resistance is 2678, support below is 2638
Gold operation advice: Affected by the U.S. election, short sellers experienced a unilateral decline. Before the U.S. market, the decline accelerated and broke through the 2700 integer mark and continued to decline to a weak close near 2652. After the overall gold price formed a short-term top platform area above 2730, it ushered in Short selling chips fell.
From the 4-hour market trend, gold pays attention to the suppression of 2678 above and the support of 2638 below. The operation is mainly short-selling after rebound. At the same time, the weekly level support is near 2638!
BUY:2738near SL:2735
SELL:2678near SL:2681
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Xauusd(w)
Expectations of a Fed rate cut boosted the reboundMarket Analysis: Today, gold prices have fallen below the 2700 mark following a surge in the U.S. dollar after Donald Trump’s surprising political comeback as President. The primary driver behind this pullback is the market’s expectation that Trump, known for his pro-capitalist stance, will prioritize U.S. economic growth. This outlook has strengthened the dollar, resulting in downward pressure on gold.
Currently, it appears the market has largely priced in the bearish impact of Trump’s election, limiting gold's potential for further decline. Additionally, the Federal Reserve’s two-day policy meeting, concluding on Thursday, is expected to result in a 25-basis-point rate cut, which would likely provide upward momentum for gold.
Trading Strategy: Given the current low levels, going long on gold presents a strategic opportunity. With the anticipated Fed rate cut, we can expect a positive impact on gold prices, fueling a rebound.
Recommendation: Based on this analysis, the general trading direction should be clear. For specific entry points and comprehensive weekly strategies, please reach out. All VIP members will receive exclusive access to this week’s detailed trading plan.
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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
The most accurate gold trading strategyTechnical analysis of gold: At present, the current round of gold decline has not ended. It is just that the decline from the historical high to today's early trading has reached nearly 150 US dollars. In the short term, it takes time to change the short rebound correction. After the correction is completed, the decline will start again. Yesterday, the international gold price fell from 2749 to around 2650, and the intraday decline reached 100 US dollars, which perfectly replicated the market situation in the last election in 2020. If this pattern can continue, theoretically, after the next two days of rebound, there will be at least 100 US dollars of room for decline.
Judging from the structure after the closing, the daily adjustment has continued, and it has triggered the formation of the evening star pattern on the weekly line. Once the weekly adjustment is also launched, the downward space and time will be extended. In the long run, 1-2 months is possible, and in the short run, it will take at least 3-4 weeks. In terms of space, if the rising band since the 2286 starting point retraces the 38.2% Fibonacci level, it should be around 2600. Below, we still focus on the 2620/2600 area. If 2600 breaks again in the later period, it will continue to fall to the next target of 2530. However, whether 2600 breaks through the 2620/2600 area or not, there will be a big wave of repeated market movements.
XAUUSD 1DHello traders
what are your thoughts on Gold ?
After a sharp drop yesterday and breaking below its ascending channel support gold has now stablized slightly
It is expected that after a correction and pullback to the broken support level gold may resume its downtrend towards specfied lower level
Dont forget like and share your thouhts in comments
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.
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.
XAUUSD SELL CONFIRM TARGETGold price is seeing a dead cat bounce from three weeks lows of 2644in asian trading on thursday as the dust settles in the aftermath of a massive sell off fuelled by Rebublican candidate Donald Trumps victory in the Dollar presidential race
Gold sell now 2663
Support 2630
Support 2595
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As highlighted in my analysis dated 31 October 2024: We should remain aware that the daily timeframe has been showing early signs of a potential bearish pullback phase initiation, suggesting that price could print a bearish iBOS despite H4 internal structure being bullish.
This printed as anticipated, with price printing a bearish iBOS that also confirmed the swing structure.
Price is now trading within an established swing range.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the start of a bullish pullback phase.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As detailed in yesterday's intraday analysis dated 06 November 2024, I noted that price was expected to target the weak internal low.
Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS.
Following this, price has printed an additional bearish iBOS and a bullish CHoCH, confirming the internal range.
Intraday Expectation: Price is anticipated to target the weak internal low after reacting from either the premium of 50% EQ or the M15 supply zone.
Note: Considering the Fed’s softer stance, and rising geopolitical tensions, price volatility is likely to remain elevated.
M15 Chart:
XAUUSD - gold waiting for the Federal Reserve meeting!Gold is below the EMA200 and EMA50 in the 4H timeframe. In case of an upward correction by the FOMC today, we can see a supply zone and sell within that zone with a suitable risk reward.
Donald Trump’s victory in the Tuesday presidential election could alter the economic outlook of the United States and influence the Federal Reserve’s policies in the coming months. Concerns about how much pressure Trump might exert on the U.S. central bank in his second term have resurfaced.
In his campaign, Trump has pledged to impose stricter tariffs on America’s trading partners, deport millions of unauthorized immigrants, and extend the tax cuts approved in 2017. If these policies are implemented, they could exert upward pressure on prices, wages, and budget deficits, creating significant challenges for the Federal Reserve.
Under these circumstances, the Federal Reserve will face increased obstacles in achieving its 2% inflation target while maintaining employment levels. Furthermore, if Trump continues his pattern of public criticism of Jerome Powell, the Fed chair, the U.S. central bank may find itself under political scrutiny.
The Federal Reserve officials have decided to lower interest rates by 25 basis points today, following a half-point reduction in September. The September forecasts indicate another quarter-point cut for December and a full one-percentage-point cut planned for 2025.
Following the rate announcement, Powell is likely to address questions in a press conference about the impact of the election on Fed policies. During Trump’s first term, he faced repeated criticism from him, and recently, Trump has criticized Powell for delays in policy decisions.
Xauusd sell Gold price is seeing a dead cat bounce from three-week lows of $2,644 in Asian trading on Thursday, as the dust settles in the aftermath of a massive sell-off, fuelled by Republican candidate Donald Trump’s victory in the US presidential race.
Gold now sell 2660
Support 2630
Support 2595
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold Triangle Breakout Approaching: Key Levels to Watch!Gold is consolidating in a symmetrical triangle on the 1H chart,
Watch for a potential breakout from this zone move above $2740 could lead to further bullish momentum towards $2760, while a breakdown below $2710 may open doors for a bearish move down to $2690 with neutral RSI, both directions are in play depending on the breakout
Keep an eye on price action around these levels!
Good Luck
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!