HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. Some time ago price declined below a support level, thereby breaking it, and started to trades inside the support zone. Later prices declined from this area lower, but soon turned around and backed up to the 2650 level, making a gap and breaking this level. Next, the price made a retest and continued to move up to the resistance level, which coincided with the resistance zone. After Gold reached this level, the price some time traded between this level, and last time it broke the 2735 resistance level, made a second gap, and continued to move up. Some time later price reached the trend line and then started to decline inside the pennant. In this pattern, the price first fell to the 2735 level, and then broke it, after which made impulse down to the support level. A not long time ago price rebounded from this level and now the XAU rise. So, I think that XAUUSD will reach the trend line and then start to decline to the support level, thereby exiting from the pennant. For this case, I set my goal at 2650 level. If you like my analytics you may support me with your like/comment ❤️
Xauusd(w)
GOLD SELLING REJECTION ZONE HERE STRONG $ STILL PUMPING TO 107HELLOO FRIENDS
As I can see a natural CPI and hold index is holding support above 106.00 Gold is rejecting from 2610 to 2620 resistance zone so expected a big drop more till design levels in coming days hours or week tray to manage the risk geopolitical issues are still going on but talk continue it will help $ to recover
XAUUSD:13/11 Market Analysis and StrategyGold technical analysis
Daily resistance 2710, support below 2580
Four-hour resistance 2626, support below 2580
Gold operation suggestions: Yesterday, the technical side of gold ushered in a wide range of long and short shocks in the shock. The gold price in the Asian session continued the previous day's weak downward adjustment, reaching 2589 and stabilizing and rebounding. Finally, the gold price formed a bottoming out and rebounded strongly in the US session to around 2617. Then it continued to fluctuate sideways.
Today's key support below focuses on yesterday's low of 2588-90. If it stabilizes at this position, it can be long in the short term. The upper short-term resistance focuses on the 2626 line. Strong resistance suppresses the 2638-40 line. Rely on this range to maintain high-selling and low-buying transactions during the day. The short-term long-short dividing line is near 2626, and wait patiently for key points to enter the market. Be alert to the rapid reshuffle of the market caused by the CPI news in NY time.
SELL:2638near SL:2641
SELL:2626near SL:2730
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Money flows out of GOLD ETFs, market focusAs the US Dollar strengthens ahead of the release of economic data and comments from Federal Reserve officials, these comments could provide insight into the direction of interest rates under the Trump administration. On Tuesday (November 12), OANDA:XAUUSD dropped to the lowest level in nearly 2 months. By the time this article was completed, gold was trading around 2,611 USD/oz, equivalent to an increase of 0.50% on the day.
Dollar index TVC:DXY rose to a 4-month high, making gold more expensive.
The US Dollar is expected to benefit from a number of policies of Republican President-elect Donald Trump, which could keep US interest rates relatively high for a long time, which will be an unfavorable environment for gold. not profitable.
Wall Street's major indexes hit new closing highs on Monday, boosted by stocks poised to benefit from Trump's potential fiscal policies. Bitcoin also extended its record rally, while short-term US Treasury yields rose to a 3-1/2-month high.
Market focus has now shifted to October consumer price index data released on Wednesday, producer price index and weekly jobless claims data released on Thursday and payroll data. Retail sales numbers are released on Friday.
Several other central bank governors are expected to speak this week, including Federal Reserve Chairman Jerome Powell.
Gold ETFs experience large outflows
The World Gold Council said in its latest report that the US election results have influenced gold's impressive gains since the beginning of the year. Reasons include continued strength in bond yields and the US dollar, risk-on sentiment in the stock market, a push for cryptocurrencies and easing geopolitical tensions.
The World Gold Council said global gold ETFs are expected to fall by $809 million (12 tons) in the first week of November, with most of the outflows from North America. In addition, COMEX's net inventory also decreased by 74 tons, down 8% compared to the previous week.
The world's largest gold-backed exchange-traded fund (ETF) saw its biggest weekly outflow in more than two years last week following Trump's decisive victory in The election prompted traders to take profits.
According to data compiled by Bloomberg, outflows from the SPDR Gold Trust, the world's largest gold ETF, surpassed $1 billion last week, the largest weekly outflow since July 2022. Price Spot gold decreased by 1.9% over the same period. The ETF's total gold holdings decreased by 0.4%, down for the second consecutive week.
In times of political and economic uncertainty, investors often seek the safety of gold. Last month, they sought the safety of gold amid growing expectations that the US presidential election would be a hotly contested one. But with Trump winning key battleground states and Republicans taking control of the Senate, the results clearly prompted investors to exit their positions to take profits.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold recovered from the key support level highlighted by readers in yesterday's edition at $2,588 and returned to the price channel.
The fact that gold is trading above the 0.786% Fibonacci retracement level gives it scope for a recovery but the current position will remain unchanged with all conditions tilting towards a bearish outlook. Gold's recovery may continue with a short-term target of around 2,640 USD, the price point of the 0.618% Fibonacci retracement level.
However, a new bearish cycle will be opened once gold falls below $2,588 and the target is then around $2,548 in the short term, more than $2,528.
As long as gold remains in the price channel below EMA21, the main trend will still favor the bearish outlook, rallies should be considered short-term corrections.
During the day, the outlook for a recovery with a main bearish bias will be highlighted by the following technical levels.
Support: 2,600 – 2,588USD
Resistance: 2,627 – 2,640USD
SELL XAUUSD PRICE 2661 - 2659⚡️
↠↠ Stoploss 2665
→Take Profit 1 2654
↨
→Take Profit 2 2649
BUY XAUUSD PRICE 2559 - 2561⚡️
↠↠ Stoploss 2555
→Take Profit 1 2566
↨
→Take Profit 2 2571
XAUUSD / RANGE BETWEEN SUPPLY ZONE AND DEMAND ZONE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Previous Price Movement , The price initially rose to a supply zone, achieving a profit of +240 pips, indicating a successful upward trade before the price began to decline.
Current Support Zone, The price has now fallen to a demand zone between $2,565 and $2,550. This zone is viewed as a potential area of support where buyers may enter, potentially reversing or slowing the decline.
Potential Price Increase, There’s an expectation that the price could bounce back up to an FVG between $2,636 and $2,664. This gap might act as an interim target, providing resistance where the price could stall or reverse again.
Upward Continuation , For prices to continue rising, they would need to stabilize above the demand zone between $2,565 and $2,550. If they do, the target for the next supply zone lies between $2,687 and $2,708.
Risk of Further Decline, However, if the price breaks below and stabilizes under the demand zone, it suggests a likely continuation of the downtrend, as it would indicate a weakening of buying support.
Overall Trend , Despite the downward moves, the overall trend is described as under “upward pressure,” indicating a bullish bias in the larger context.
GOLD Trading Opportunity! BUY!
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2607.4
Bias - Bullish
Safe Stop Loss - 2579.5
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2662.2
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
GOLD SHORT TO $2,540 (1H UPDATE)Gold has peaked at its Wave 3 low, which I can tell by the slow down in bearish momentum. This was my sign to go long in the short term & buy Wave 4, giving sellers a much needed break.
I have been holding a buy since yesterday, HEDGED against my main sell position from $2,738. Looking for some form of 3 Sub-Wave correction for major Wave 4. Potential target zone around $2,625 - $2,640.
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-MINUTES TIMEFRAME CHART
XAUUSD CAPITALCOM:GOLD touched the resistance level of 2,613.00
General outlook
XAUUSD has been under buying pressure within the last hour. The pair moved to the resistance level of 2,613.00.
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,608.
Set your stop loss at 2,615. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,588. ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
OANDA:XAUUSD CAPITALCOM:GOLD
XAUUSD: Bottom of the Channel Up, RSI almost oversold. Buy.Gold turned bearish on its 1D technical outlook (RSI = 37.369, MACD = 1.240, ADX = 48.026) as is closed yesterday below the 1D MA50 for the first time in more than 4 months (July 2nd). The downtrend is the bearish wave of the May 20th Channel Up and is so far the strongest of the pattern. Technically Gold is a buy for as long as the 1D MA100 holds. Also the 1D RSI is the closest it's been to the 30.000 oversold level since October 6th 2023. Naturally that makes it a strong buy opportunity. Our target is the 0.618 Fibonacci extension (TP = 2,705).
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XAUUSD Declines: Resistance at 2,715 & USD Pressure!
XAUUSD is in a downtrend, with key support around 2,470 after failing to sustain recent gains.
The price is hovering near 2,606.855 and may drop further if it cannot break through resistance at 2,715. This downward momentum is reinforced by the strength of the USD and expectations that the Fed will keep interest rates high, diminishing gold’s short-term appeal.
Geopolitical tensions may temporarily boost demand for gold, but they are unlikely to offset the impact of U.S. monetary policy.
Investors should closely monitor inflation data and Fed updates, as these will be crucial in determining the next direction for XAUUSD.
THE KOG REPORT - ELECTION SPECIAL THE KOG REPORT:
This week’s KOG Report is a little different this week due to the upcoming elections. For that reason, we’re going to share the levels and potential movement since we are almost guaranteed to see some extreme movement over the coming sessions. The chart was shared in Camelot together with the analysis 4yrs ago which worked well.
On the left chart you can see the 2020 reaction to the elections giving a powerful movement across the markets and gold moving over 2000pips in days. We’ve shown this chart to make new and less experienced traders aware of what can happen based on any result! Price will whipsaw, they will chop and change direction and when they move, it will really move. IF, and it’s a BIG IF, you’re going to attempt to trade it, please make sure your lot sizes are sensible, and your risk model is flexible enough to adapt to sudden changes in direction.
Now the chart on the right. We have drawn a path, but it’s based more on a potential fractal rather than set in stone. The levels however are important, and potentially if targeted can give traders opportunities to capture the bounces or, give them a better understanding of where price can go before taking a breather. We’re close to the 2800 level but as you can see, we’ve struggled to break it, this usually just means that price has travelled enough to take a slight pause in direction, and requires a pullback, which is what we analysed and traded last week. How far thought, with extreme news and volatility entails caution, our immediate support and resistance levels hardly work in these scenarios.
So, when we look at extreme levels on the chart we can see the following:
We have resistance above on the daily at 2745 which needs a daily close above to go higher. This flips our support level into the 2715 level which looks like a decent level for price to attempt in the coming sessions. Our order region is sitting at the psychological level of 2700 with the extension of the move into the 2680-5 level. This, if attempted could give traders and opportunity to take the long back up towards the 2730-35 red box level which will have also flipped into resistance. This is the level currently in play and needs to be monitored as this is the order region they’re using to propel the price in either direction. It’s also the reason they’re accumulating here and start the pre-event range. Break above, and we should see bulls’ step in and force price higher, as shown in the illustration on the chart.
The range is big, the high in sight is the 2820-34 region, which if attacked and rejected can give us opportunities to capture the larger short trade, while the 2575-65 level is sticking out for the undercut low. To be totally honest, knowing what can happen and how price can move, it’s the same strategy as trading NFP and FOMC. Don’t trade the volume driven candles, wait for price to move, use the levels and the red boxes, and then, with a risk model in place take a sensible trade if you’re going to trade it.
The above is just our view and more for educational purposes. We will continue to use our proven red box strategy, indicators and our trusted algo Excalibur to guide us through the markets.
Good luck for the week ahead!
KOG’s bias for the week:
Bearish below 2744 with targets below 2720, 2714 and below that 2702
Bullish on break of 2744 with targets above 2792 and above that 2803
Red boxes:
Break above 2744 for 2753, 2765, 2780
Break below 2730 for 2715, 2705, 2695
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
A new gold rush?After the American elections are over, we can declare that the big winner was none other than Elon Musk. Or was it Donald Trump?
Following this, the newest American president publicly called on institutional investors to buy, mainly to buy cryptos. Will the dream of the “lovers” on duty come true, and will BTC become the new global legal tender currency?
Or will we see BTC become the newest store of value, surpassing the precious metal called gold?
After the new president's speech, I see that the crypto rush has had an effect, and I realize that the precious metal (gold) is losing strength.
Now, I will ask the final question. Will we have a new record in SPX, and especially in BTC?
It's worth remembering that the red lines are support points for gold at the moment!
Do your analysis and good business.
Be aware, if you buy, use stop loss.
Gold price is trending down ? Why ? World gold prices dropped to their lowest level in nearly 2 months due to pressure from the strong recovery of the USD. Recorded at 8:33 a.m. on November 13, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,897 points (up 0.04%).
The inverse relationship between gold and the USD seems to have disappeared in recent times. However, since the US presidential election, this relationship has returned strongly.
The USD is expected to benefit from some of the policies of US President-elect Donald Trump, as they will likely cause US interest rates to remain relatively high for a longer period of time and that will be unfavorable environment for gold.
Next week's economic calendar is quite bleak, especially when compared to last week's boom. The main economic news events to watch will be the US core CPI on Wednesday. The US Federal Reserve (FED) is expected to closely monitor CPI for signs that consumer inflation is continuing on its path towards 2%.
Thursday's US PPI report, weekly jobless claims data and Friday morning's US retail sales release for October will also provide specific data on Americans' purchasing power in the current high-cost environment.
🔥 TVC:GOLD BUY 2590 - 2592🔥
💵 TP1: 2600
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2583
🔥 TVC:GOLD SELL 2628 - 2630🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2637
Hellena | GOLD (4H): Short to support area 2603 (after wave 5).Dear colleagues, I believe that wave “5” is not completed yet, but it can end at any moment, so I consider 2 variants of events, but in both the target is the support area 2603.
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!
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.
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , gold has dropped from the break of 2678 all the way down to the targeted 2600 (KDZ) Key Demand Zone . We have dug deeper, 2590 to be exact. This is our new KL (Key Level) . We are expecting one of the two outcomes.
Scenario 1: BUYS
We are trading above 2590 with failing to break it, and we are starting to see some sellers exhaustion. Gold starts to turn and breaks above 2624 and continues breaking above other key levels.
Scenario 2: SELLS
We broke 2590 and are targeting our next KL (Key Level) 2650 . Breaking this key level would result in even deeper pullbacks down to 2530 .
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
Expect a signal regarding this soon. If you want to join our channel for free, message us.
KEY NOTES
- XAUUSD came to our KDZ (Key Demand Zone) 2600.
- XAUUSD has dropped to lower areas (2590).
- Trading above 2590 and breaking above would result in buys.
- Breaks below 2590 would result in Scenario 2 unfolding.
Happy trading!
FxPocket
Gold's long-term trend is still forecast to increase in price.Geopolitical tensions are expected to cool down under Donald Trump. And the US economy will attract international capital flows. Cash flow poured heavily into many high-risk assets such as the stock market, cryptocurrency market,... thereby putting more pressure on gold.
However, in the medium and long term trend, gold is still forecast to increase in price. Many organizations have not changed their forecasts that gold will reach 3,000 USD/ounce by 2025.
Many experts believe that public debt, leverage and extreme taxes of Mr. Donald Trump have the ability to bring gold prices back to before. After a period of time, many private investors will overcome the debt situation and the pressure to control the US budget. Gold will then increase again.
With the recent sharp decline, it is likely that bottom-fishing demand from the "big players" in the market will increase again. China has stopped buying gold for 6 consecutive months, but may return to buying when prices fall deeply. China, Russia and many other countries are still accelerating the process of reducing the proportion of reserve assets denominated in USD.
🔥 OANDA:XAUUSD BUY 2590 - 2592🔥
💵 TP1: 2600
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2583
🔥 OANDA:XAUUSD SELL 2628 - 2630🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2637
GOLD SOON NEW ATH AROUND 2850-2900This chart presents a potential bullish setup for gold (XAUUSD). After a recent decline, gold appears to be approaching a signficant support level, marked by the black zone near $2,643. The highlighted accumalation where buyers might step in, looking for a reversal signal.
XAU/USD : More Fall Ahead ? (READ THE CAPTION)We can observe that after reaching $2699 again, gold faced selling pressure and has corrected down to $2659 so far. Considering that both the New York and Canadian markets are closed today, we are likely to see the next significant move tomorrow.
Considering the current price trajectory, we need to see how gold reacts if it declines further to the $2649 level. If this level does not hold as support, there is a high likelihood that gold will first hit the $2643 target and then continue dropping to $2630 and $2616.
THE MAIN IDEA :
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
XAUUSD M15 | Bullish Bounce Based on the M15 chart analysis, we can see that the price is currently at our buy zone 2614-2617, a pullback support close to the 78.6% Fibonacci retracement.
Our take profit will be at 2638, a pullback resistance.
The stop loss will be placed at 2604.76, which is a swing-high resistance."
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