GOLD SHORT TO $2,540 (1H UPDATE)Look at the charting carefully & you'll see where Wave 1 & 2 ended. We entered sells at Wave 2 correction & since then the Wave 3 has dropped down in an impulse manner😍
We are only 500 PIPS away from our Wave 3 target, where we will close out 50% of our position & leave another 50% running.
Xauusd(w)
XAUUSD / FURTHER DECLINE / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4HTIME FRAME
HELLO TRADERS
. Current Downtrend: The price is currently in a downward movement.
Demand Zone (Support): The analysis identifies a demand zone between $2,565 and $2,551. A demand zone typically represents a price level where buying interest is strong, potentially causing the price to stabilize or increase.
Expectation if Stabilization Occurs , If the price stabilizes above this demand zone, it suggests a potential rebound , The price may then move upward to reach a supply zone between $2,618 and $2,618. (It seems this zone might have been mistyped, as it should likely be a range.)
Further Increase if Supply Zone Breaks , If the price closes above the supply zone with a 4-hour (4H) candle, this signals continued upward momentum , This could lead to an increase toward a higher supply zone between $2,732 and $2,749.
Further Decline if Demand Zone Breaks , If the price falls below the demand zone (between $2,565 and $2,551), this suggests a likely continuation of the downtrend, with further declines in price expected.
GOLD TO THE MOON AGAINGold has shown retracement from his daily fair value gap, resulting in choppy market at H4 time frame, and showing a Change of Characters/ Market structure shift at M15 timeframe, which indicates that gold is now looking to give long possitions.
wait for the price to break above 2602, to find good long opportunities
XAUUSD:12/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2710, support below 2580
Four-hour resistance 2638, support below 2580
Gold operation suggestions:
Today's upper short-term resistance is around 2626, and strong resistance is around 2638~2640. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about the new bottom. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep the main tone of following the trend unchanged. Short-term support focuses on the integer mark of 2600 points
SELL:2610near SL:2613
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.
Could the Gold reverse from here?The price is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and is also slightly below the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,589.18
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement and also slightly below the 78.6% Fibonacci retracement.
Stop loss: 2,555.36
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Take profit: 2,641.60
Why we like it:
There is a pullback resistance level.
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Bearish trend, the lower target is around 2600Gold daily line fell below a new low again. After a short rebound was blocked, it began to fall. After a short correction, it was ready to break the low again to open the falling wave, and at the same time pulled the indicator to turn downward. The short-term market is expected to repair the rise, and the trading strategy is to maintain the rebound short position.
Gold 4-hour moving average continues to cross the downward short position arrangement. The decline of gold is far from over. After gold fell below the last low of 2643, gold now 2643 has become a resistance to suppress gold's rise. Gold continues to be sold below 2643 in the Asian session. Gold rebounds near 2640 and can be sold.
First support: 2603, second support: 2592, third support: 2578
First resistance: 2633, second resistance: 2642, third resistance: 2658
Trading strategy:
BUY:2602-2604
SELL:2640-2642
#XAUUSD 1DAYXAUUSD Daily Analysis
The XAUUSD (Gold) pair is currently trading near a key support level on the daily chart and has recently formed a bullish engulfing pattern at this area. This combination suggests strong buying interest, as the support area and bullish engulfing candle indicate a potential reversal to the upside.
Technical Outlook:
- Pattern: Support Area with Bullish Engulfing
- Forecast: Bullish (Buy Opportunity)
- Entry Strategy: Buy near the support area and bullish engulfing candle
Traders may consider entering a buy position near this support level, targeting higher resistance zones above. Additional confirmation from indicators like RSI indicating oversold conditions or MACD showing upward momentum could further validate this setup, supporting a bullish outlook for XAUUSD.
Dollar Index Bullish to $109! (UPDATE)The DXY is constantly rocketing up from our grey supply zone. Intense bullish momentum which is about to break above the 'pending liquidity' sitting at $107.400 - $106.500.
Break of structure of this liquidity zone will open up further upside towards our $109 target!
GOLD: Navigating the Effects of Inflation and Treasury YieldsGold prices have declined for the second consecutive day, influenced by a variety of factors. The ongoing optimism surrounding Donald Trump's trade policies continues to bolster the US Dollar (USD), which is exerting downward pressure on the precious metal. The price of gold (XAU/USD) is building on the significant losses incurred last week and remains under selling pressure as trading commences on Monday, influenced by the prevailing bullish sentiment towards the USD.
The promise of expansive economic policies from President-elect Trump has kept the USD near a four-month high reached last week, which is a significant factor dampening demand for gold. Additionally, Trump's proposed 10% tariff on all US imports is anticipated to ignite inflationary pressures, limiting the Federal Reserve's (Fed) ability to implement aggressive rate cuts. This environment is supportive of rising US Treasury bond yields, further incentivizing investors to move away from the non-yielding gold.
From a technical standpoint, we are eyeing potential scalp opportunities near the first demand zone around 2,600. The latest Commitment of Traders (COT) report indicates that retail investors are taking long positions, whereas institutional investors—often referred to as "smart money"—are positioned inversely. The strengthening dollar and our analysis point to a likely bearish trend ahead. Additionally, we have previously opened a short position in Silver (details available on our TradingView profile) as we anticipated this type of scenario unfolding for precious metals.
In summary, the combination of robust USD performance and inflationary expectations looks set to keep gold under pressure in the near term.
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Trade Plan- No. 1 (Technical + Fundamental)Several weeks ago I indicated that "Bear Market: 2024 United States presidential election, Nov 5, 2024"
What happened next?
Greed kills!
Gold-Trade Plan (No. (1))
Short-Term overview
Bias: Bearish
price: 2668 , 1 Ethereum = 1.18642 XAU (Nov 11, 2024)
Stop level: $ 2700
Target-1: $ 2595
Target-2: $ 2515
Fundamental:
Bearish!
Gold trading strategy november 12Fundamental Analysis
Gold prices fell to $2,600, or a fresh one-month low, heading into Tuesday’s European session on continued buying of the US dollar (USD). Investors remained hopeful that US President-elect Donald Trump’s expected expansionary policies could boost economic growth and boost inflation, limiting the scope for the Federal Reserve to ease policy. This sent US Treasury yields higher, further supporting the greenback and dragging the non-yielding yellow metal lower for a third straight day.
It was also the fourth negative move in the past five days for safe-haven gold, which appeared unaffected by concerns that Trump’s protectionist stance could spark a trade war. It will now be interesting to see whether the shorts retain control or choose to reduce their bets ahead of speeches from a host of influential FOMC members, including Fed Chair Jerome Powell, on Thursday. In addition, US consumer inflation figures on Wednesday will be looked at for clues on the Fed's rate cut path and provide fresh impetus to XAU/USD.
Technical Analysis
Gold prices broke the last support zone of 2606 and headed towards the 2582-2580 zone. Waiting for gold to close below the 2606 area on m30 and SELL signals to be established towards the 268x zone. Waiting for the early US session if the front port zone around 2592 is broken, then hold the sell signal to 258x. If it fails to break 2592, close SELL BUY at the beginning of the short scalp session back to zone 06 and continue SELL to trade within the range.
Gold's Bearish Trend Persists: More Declines Ahead?As the week kicks off, gold continues its downward adjustment, slipping by over 130 pips and currently hovering around the $2,670 mark. In the short term, this precious metal appears likely to extend its losses.
Sentiment among both analysts and retail investors has turned cautious after an extended period of optimism. The technical outlook suggests gold remains firmly in a downtrend, with last week’s sell-off fueled by a resurgent USD and rising bond yields.
Gold may face further declines in the near future. While the long-term uptrend for this metal is still intact, a significant correction seems inevitable. Even with potential rate cuts in the U.S., strong demand for gold is not guaranteed. Thus, I believe the downward trend may continue.
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under selling pressure within the last day . The pair moved up to the level of 2,590.00.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,592.
Set your stop loss at 2,585. below the previous low ($7.00 loss for 0.01 lot) and take profit at 2,625. ($32.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Gold price continues the trend of discountsToday, gold prices persist in their downward trend, trading around the 2623 USD mark.
Gold remains under significant pressure, largely due to the U.S. dollar’s strength and a surge in investor risk appetite. This shift is driven by market expectations that the Federal Reserve will adopt a cautious approach under the new administration of President-elect Donald Trump.
From a trend perspective, on the 1D chart, gold appears to be forming a head and shoulders pattern. If completed, this pattern suggests a potential drop to the target area around 2500 USD.
That's my personal analysis and perspective. Now, what’s your take on the future of gold prices?
EUR/USD: Trump's Fiscal PoliciesThe EUR/USD exchange rate is on a three-day decline, trading around 1.0640. Expected fiscal policies under the Trump administration could negatively impact the European economy, adding downward pressure on the Euro. Continued movement in this direction could push the pair toward its November low of 1.0628, and eventually, the yearly low in April around 1.0601. Pressure on EUR/USD has intensified as the U.S. Dollar Index (DXY) recently surpassed the 105 mark, supported by expectations of an expansionary U.S. fiscal policy under President Trump. Simultaneously, German 10-year yields have fallen to monthly lows near the 2.30% zone, reflecting a context of Euro weakness. On the monetary policy front, the Federal Reserve recently cut the Fed Funds rate by 25 basis points, bringing it to a range between 4.75% and 5.00%. Although inflation is approaching the 2% target and the labor market shows signs of slowing, Fed Chair Jerome Powell has taken a cautious stance on December's policy decision, noting that economic uncertainty makes it challenging to provide clear guidance. In Europe, the ECB recently cut the deposit rate to 3.25% but has adopted a cautious approach to future cuts, awaiting upcoming economic data. Meanwhile, the Trump administration may introduce new tariffs on European and Chinese goods and promote expansionary fiscal policies, indirectly supporting inflation and providing the Fed with additional reasons to keep rates steady or pause further cuts. In terms of market positioning, net short positions in the Euro have decreased to 21.6K contracts but remain significant.
XAUUSD. Where to wait for the buyer's resumption?Hello traders and investors!
The price of gold is correcting. Let's take a look at where a reversal of the correction might occur for potential buy opportunities.
On the weekly chart, the last impulse started from the level of 2604.39. The key bar of the impulse (the one with the highest volume) is at its base. Currently, the price is within the range of this bar, but I don't see increased volumes on the daily timeframe. On the contrary, the volumes of the last three days are decreasing. Is there no buyer? We are waiting for the price to interact with the 2604.39 level, where a buyer might appear.
The next interesting range for a potential buyer resurgence is 50% of the last buyer's impulse on the monthly timeframe, which is at 2538.5.
Good luck with your trading and investments!
XAUUSD: 2600 support level is in focus, will it hold?Hello all dear XAUUSD traders!
Gold price today is trading at $2,620/ounce, down sharply by $64 from the previous day's opening price of $2,684/ounce.
Gold fell mainly due to the US dollar holding its position at a 4-month high around 105.5 points. In the same view, Daniel Ghali (analyst at TD Securities) agrees that the possibility of high tariffs applied during Donald Trump's presidency and the demand to hold USD are putting pressure on gold prices, as it is also related to the possibility that the US Federal Reserve (FED) may delay cutting interest rates.
Technically, the price is reversing and intends to test the liquidity zones at the bottom...
Emphasis on dynamic support at 2600. A consolidation before a breakdown is forming. If the price breaks this support level, selling pressure may increase. I do not rule out another attempt to retest resistance, say 2680-2685 before continuing lower following the classic structure as mentioned on the chart. Overall, both fundamentally and technically, the market feels in favor of the bears...
Gold Prices Plummet Today (November 12)Global gold prices have dropped significantly, mainly due to the strong rise of the US dollar and an increasing willingness among investors to take on risk. The primary reason is that the market is expecting a cautious policy stance from the Federal Reserve under the leadership of President-elect Donald Trump, which has boosted investor confidence in economic stability and reduced the demand for gold as a safe-haven asset.
Looking at the technical chart, the EMA 34 and EMA 89 lines have not shown any signs of reversal, indicating that the downward trend in gold prices is still intact. Currently, the nearest resistance is at 2,706, while solid support is at 2,609. If gold continues to face selling pressure at the resistance zone, the likelihood of a deeper decline towards the support level at 2,609 is quite high. There is even a chance that gold could break through this support level if it revisits the resistance at 2,661.
Will gold prices continue to fall, or will there be a reversal in the future? What do you think?