Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Xauusd(w)
Gold Analysis November 13fundamental analysis
Gold prices pared some of their modest intraday gains, although they held above $2,600 heading into the European session on Wednesday. Uncertainty over the extent of trade tariffs promised by U.S. President-elect Donald Trump and their impact on the global economy dampened investor appetite for riskier assets, spurring some flows into the precious metal. In addition, some repositioning ahead of U.S. consumer inflation data turned out to be another supportive factor for the commodity.
Meanwhile, the U.S. dollar (USD) held steady at its highest level since early May amid hopes that Trump’s expansionary policies could boost inflation and limit the scope for Federal Reserve (Fed) rate cuts. The outlook still favors rising US Treasury yields, which, in turn, restrains any further upside for non-yielding Gold.
Technical Analysis
Yesterday, Gold fell back to the 618 Fibo extension level and this morning broke down from 2598 and flew up to 2613. We are currently waiting for a Break to find a Buy point, or at least a correction to the Retracement point at 2603 to detect a Buy signal, because at 2608 like this is a bit half-hearted. Choosing an uptrend for today, but it is only a correction, so before tonight's news, I will choose to buy with a short TP to the 2625 area (in case of breakout at 2615)
The SELL levels of 2625 - 2627, 2644 - 2646, 2658 - 2660 will be updated immediately at the time of real-time signal, the admins will notify.
The best Buy signal below is to wait for a break of 2593, the price will return to the levels of 2586, 2576 - 2574, a false break through 2565 to catch the entry of 2562 is also good, for other areas, scalp and don't expect too long, at least from the 2574 area onwards to think about holding.
Grab Your XAUUSD Scalping Chance!Market Analysis Summary:
Buy Opportunity: Targeting the 2620 zone from the 2606-08 level.
Sell Opportunity:
Market Structure: Overall bearish trend, indicating potential downward movement.
Upcoming Events: CPI report is on the horizon, which could introduce market volatility.
Key Points to Consider:
Monitor the 2730-27 zone for entry signals.
Watch for price action around 2690 for potential reversals.
Be prepared for fluctuations around the NFP release.
Stay informed and adjust your strategies accordingly!
XAUUSD Now we looking at XAUUSD buy, till 2647,8 zone. Then CPI we expecting Gold sell, continuing with the the market structure, if the following is respected:
Looking at confluence
> 2647,8 is a major resistance zone.
> looking at 3rd touch, on the trend line
> then bearish candlestick formation on 2647,8 zone.
> buy fake out on 2647,8
XAUUSD - UniverseMetta - Analysis#XAUUSD - UniverseMetta - Analysis
The price worked out 5 waves on H4 of the corrective movement, forming a descending channel. On H4, a 3-wave structure from the lower border can be formed. In this case, it is better to consider the targets to the upper border or the maximum level of Fibo correction from the impulse wave. Also, on H1, you can see a triangle, which can implement a reversal within the channel, as well as a continuation of the fall when one of the triangle's bases is broken. Short-term signal.
Target Buy: 2644.858 - 2683.071
Target Sell: 2573.655 - 2545.889
Wednesday Gold 100% Analysis Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out:
XAUUSD Insight: Locked in a fierce contest between 2691 and 2600. Is a breakout near?
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2688, 2685.
Upside Watch: Look for buying signals if it rises above! Targets: 2605, 2611.
Bearish drop?XAU/USD has broken out of the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,589.18
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 2,617.67
Why we like it:
There is an overlap resistance level.
Take profit: 2,555.36
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
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XAUUSD short term sell opportunity inside Channel Down.Gold / XAUUSD is trading inside a Channel Down pattern for the whole month of November.
Right now it is on the latest bearish wave, the 4th so far.
The 1hour RSI is also following the same sequence as the previous bearish waves.
The last two have dropped by a minimum of -3.40%.
Sell and target at least 2550.
Previous chart:
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XAU/USD: Is the Bull Run Over? Gold's recent dip to a two-month low has raised questions about whether its rally has run its course.
Technical indicators suggest the metal could see further downside, with key support around $2,540 aligning with the 100-day moving average and highs from August.
Also, we have weak (but growing) expectations that the Federal Reserve will push back its easing cycle due to fiscal policies under Trump. Additionally, we have U.S. annual inflation ticking up to 2.6% in October from 2.4% the prior month.
Traders now estimate a 60% probability of a December rate cut, down from 80% pre-election, reflecting heightened caution over policy shifts and inflationary pressures.
Gold Set to Form “W” Bottom Based on the current price action, there is potential for a “W” bottom to form. If this pattern plays out, today’s high should surpass yesterday’s 2626. However, if the price falls below 2690, the key support levels to watch will be between 2578-2573. I personally believe the probability of this scenario is low.
Therefore, the strategy is to buy, but it’s essential to control position size and allow for some flexibility in case of unexpected adverse movements. Remain agile, seize the rebound opportunity, and manage risk effectively.
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity.
We broke our Key Level mentioned in our channel 2678 . Breaking below it, resulted in a price drop and a clear direction setup. We are now targeting our next KL (Key Level) at 2650 and if broken, we could very easily revisit 2600s (2604.700) to be exact. Overall we will be looking for sells at this point, even though we are extremely bullish on XAUUSD. 2600s is a key demand zone and we could continue back up from there.
Expect a signal regarding this soon, join our channel. Message us.
KEY NOTES
- XAUUSD broke 2678 and dug deeper in the price.
- Break of 2650 (our next KL) would result in more sells.
- Possible revisits of the key demand zone at 2600s.
Happy trading!
FxPocket
GOLD: Waiting for the CPI release!After the recent breakdown of the critical $2,600 threshold, Gold (XAU/USD) has regained ground, reclaiming this level despite the persistent strengthening of the US Dollar and rising US Treasury yields. However, technically, XAU/USD shows bearish potential: on the daily chart, the price has dropped further below the 20-day Simple Moving Average (SMA), which is trending downward. Technical indicators, while slowing their descent, remain deep in negative territory, with no clear signs of reversal or interim support. Fundamentally, Gold is hovering near $2,600, awaiting significant US economic data and pressured by the strong demand for the Dollar, bolstered by political tensions in the US and Europe, including the escalating political crisis in Germany and weakness in Asian and European markets. Investors are closely watching for the October Consumer Price Index (CPI) data, due Wednesday, which could fuel further speculation on the future of US economic policy.
The $2680 Question: Will Gold Correct or Continue to Fall?The current chart setup for Gold is decidedly bearish: we’re seeing a breakdown through key support and a local low. This is clear and hard to miss. Retail traders are diving in, buying the dip, and they’re not in a rush to close their long positions, hoping to ride it out. This sentiment is actually quite good for the bearish trend.
That said, when we zoom out and look at the bigger picture, a potential correction to around $2680 is on the radar. It might not happen, of course; I’m not a fortune teller. But it’s definitely a possibility worth considering.
Here’s the reasoning behind this potential correction scenario:
We have a solid liquidity level where buyers could be lurking, and there were compelling visual cues to establish positions there (uptrend + buying after a pullback + following a strong bullish candle). Plus, the open data backs this up (see attached screen)
So, if we do see that correction materialize, I’ll be looking to open some shorts at that level.
Levels discussed during livestream 12th November12th November
DXY: Could consolidate/retrace slightly, but for continuation higher to 106.10, beyond that, could retest resistance of 106.45
NZDUSD: Sell 0.5950 SL 20 TP 40
AUDUSD: Sell 0.65 SL 25 TP 100
GBPUSD: Sell 1.2785 SL 30 TP 100
EURUSD: Sell 1.0590 SL 40 TP 140
USDJPY: Buy 154.90 SL 35 TP 110
USDCHF: Buy 0.8845 SL 30 TP 75
USDCAD: Buy 1.40 SL 40 TP 140
Gold: Breaking 2600, below 2585 could trade down to 2570 and 2550
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.
EURUSD Eyes Further Drop Amid Downtrend ContinuationThe EURUSD chart illustrates a bearish outlook. The price has broken below a key support level and is now testing previous support as resistance around the 1.0696 level. This retest, if held, could confirm further downside momentum.
The downtrend channel indicates consistent pressure to the downside, with a recent bounce toward the resistance zone marked in red. If EURUSD maintains below this resistance, it could pave the way for a decline toward the next support zone near 1.0522.
The broader context shows a shift from an uptrend to a strong downtrend, aligning with a potential increase in USD strength and bearish sentiment on the Euro.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
This time the decline will be more persistentOur website below bet on Trump's election success before the 5th. Obviously, our goal is right. The United States will continue its trade war with China, the US dollar will continue to appreciate, and the decline of gold is inevitable.
It is expected that gold will remain around 2,300 this time. You can click on the website below to follow the market news.