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Xauusd(w)

Could Gold reverse from here?The price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 2,555.82 1st Support: 2,530.28 1st Resistance: 2,588.66 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
1
Gold resistance support point market analysis.Gold continued to close with a weak short position, and the daily line fell sharply. Today, gold rebounded and continued to short. There is still room and demand for further decline. The price fell to the trend line of 2556. Pay attention to the top and bottom conversion position of 2530 below. Gold's 1-hour moving average continued to cross and diverge downward. The decline of gold has not ended. The last low of gold near 2590 has now turned into resistance. Gold rebounded to below 2590 and continued to go short at highs; near 2580, you can enter the market to short. First support: 2555, second support: 2542, third support: 2530 First resistance: 2570, second resistance: 2580, third resistance: 2591 Trading strategy: BUY: 2551-2553 SELL: 2580-2582
OANDA:XAUUSDShort
by Jun-GoldAnalyst
Gold Prices Face Key Resistance Amid Bearish ContinuationThe gold market is currently facing downward pressure, with the price consolidating below the recent support turned resistance level at $2,625. The breakdown from the ascending channel signals a potential bearish continuation, with the $2,560 area providing short-term support. If this level fails to hold, further declines could drive prices toward the next major support around $2,500. The red trendline highlights a potential pullback scenario, suggesting that any rallies toward $2,625 may encounter selling pressure, limiting upside movement. This setup points to a bearish outlook, with the possibility of gold testing lower levels in the coming sessions.
OANDA:XAUUSDShort
by Chipucu
XAU/USD: Strong Bearish Momentum with Limited Upside🐻 XAU/USD Analysis: Bearish Momentum Dominates Across Timeframes with Limited Upside Potential 🐻 Idea: In this multi-timeframe analysis of XAU/USD, we explore a solid bearish setup that persists across daily, 4-hour, 1-hour, and 15-minute charts. This alignment creates a clear, layered downtrend. Here’s a breakdown of each timeframe, highlighting support and resistance levels, ideal trade setups, and short entry points, while remaining cautious of minor corrective bounces. 🕰️ Daily Chart (1D): Long-Term View From a wide perspective, the daily chart signals a strong bearish outlook: • Momentum: Clearly bearish, with RSI at an oversold level of 24.61. Despite the oversold status, the prevailing downtrend remains strong, with limited upward potential. • Ichimoku Cloud: The price is far below the cloud, with the lagging span mirroring the bearish structure. Sellers are in control, and there are no reversal signs. • ADX & DI: A high ADX and dominance of the DI- line emphasize strong selling pressure. • Key Support Zone: The zone between 2,575 and 2,580 acts as critical support. If price dips into this zone, we may see a corrective bounce before a potential further decline. The daily chart maintains a bearish sentiment, where any temporary rallies are likely to be capped. 🕰️ 4-Hour Chart (4H): Medium-Term Insights The 4-hour chart provides a closer look at possible short-term corrections within the broader downtrend: • Trend: Bearish momentum continues, with a slight bullish divergence hinting at a minor pullback. This divergence suggests that sellers may temporarily lose momentum. • RSI: With an RSI of 27.77, slightly above oversold territory, the 4-hour chart hints at a possible minor correction. • Ichimoku Cloud: Both price and the lagging span remain below the cloud, reinforcing the downward trend. However, the proximity to a key support zone may prompt buyers to test the strength of the bearish hold. • Resistance: Watch for a potential rejection at 2,590 - 2,595, likely strengthening short setups if price attempts to rally and fails at this level. The 4-hour chart presents a potential for small corrections, though bearish conditions remain the primary theme. 🕰️ 1-Hour Chart (1H): Short-Term Perspective The 1-hour chart captures immediate price dynamics, suggesting the possibility of a minor bounce: • Trend: RSI sits at 20.91, in oversold territory, suggesting a short-lived bounce may occur. • Ichimoku Cloud: Price remains below the cloud, with exhaustion signs as it nears support. This setup underscores bearish pressure but hints at a possible minor pullback. • Moving Averages: The strong detachment from MAs suggests the bearish trend will continue, but a mean reversion play is possible, where price might retrace toward the MAs before resuming its downtrend. • Immediate Support Zone: The 2,580 - 2,583 zone could serve as a temporary lifeline for buyers, though any bounce here is likely to be brief. This chart provides a snapshot of a potential pullback, with the downtrend still prevailing. 🕰️ 15-Minute Chart (15M): Intra-Day Snapshot For intra-day traders, the 15-minute chart highlights immediate levels: • Moving Averages: The 10 MA at 2,587 and the 50 MA at 2,592 act as intra-day ceilings, likely capping any upward movement. • Short-Term Resistance: The 10 MA at 2,587 serves as the first barrier, with the 50 MA at 2,592 reinforcing resistance. This chart is ideal for quick, short-term trades, confirming limited room for upside, setting the stage for possible scalps within a narrow range. 📝 Trade Setups Primary Short Setup • Entry: Sell limit at 2,590 - 2,593; secondary entry at 2,595 if price retraces to resistance. • Stop Loss: 2,598 • Take Profits: • TP1: 2,583 • TP2: 2,580 • TP3: 2,575 Secondary Bounce Setup (Countertrend) • Entry: Buy at 2,575 - 2,578 if reversal signals appear. • Stop Loss: 2,573 • Take Profits: • TP1: 2,585 • TP2: 2,590 🔄 Moving Average Detachment & Reversion Play Across all timeframes, the price’s separation from moving averages suggests a possible mean reversion: • Short-Term Reversion: Monitor for rejections near 2,590 to enter short positions if bearish momentum resumes. • Long-Term Reversion: Daily chart support at 2,575 is critical; a break lower would confirm continued downtrend. Summary 1. Bearish Continuation: The downtrend dominates, favoring short entries at resistance levels. 2. Corrective Bounce: Exercise caution on countertrend plays. 3. Mean Reversion: Moving average detachment suggests a potential short-term correction; watch for resistance rejection to confirm further short setups. Trading Implications • For Sellers: This setup favors short positions across timeframes, using resistance levels to enter or add to positions. • For Buyers: Proceed with caution; the limited upside and strong resistance make long positions challenging unless a breakout occurs. Conclusion: The strong bearish alignment across timeframes supports short setups with precise entries, while moving averages act as resistance across all timeframes, reinforcing the downtrend and creating opportunities to capitalize on minor pullbacks within a well-defined bearish environment.
FX:XAUUSDShort
by ICHIMOKUontheNILE
Gold short-selling profit exceeds 500 pointsThe gold 1-hour moving average is still in a downward short position, and there is no sign of a turning point. After the data, it fell directly to 2618 under pressure. The US market continues to be short. The current price of gold near 2605 can continue to be short. A rebound is not necessarily a reversal. The strength and sustainability of the gold rebound are not strong yet. The rebound may be short-lived. On the whole, the short-term operation strategy for gold today is to short on the rebound. The short-term focus on the upper side is the 2605-2610 line of resistance, and the short-term focus on the lower side is the 2580-2550 line of support
OANDA:XAUUSDShort
by btxebtxe
Today's Trend Analysis and SignalsGold's late-session high-fall continued the weak adjustment pattern. Technical trading ideas: Continue to short at high prices during the day's rebound! The hourly chart Bollinger Bands narrowed, with the upper track at 2616 and the lower track at 2590. The current market 2616 is today's long-short dividing line! Gold is still weak, and the rebound is limited. The rebound is an opportunity to go short. Gold rebounded at 2616 in the Asian session and went short directly. The market is changing rapidly. Plan your trades and trade your plans. Gold is still rebounding at the moment. The rebound is an opportunity to continue to go short. The 1-hour moving average of gold is still distributed downward, and the rebound is limited. Gold also fell back after rising in the NY period, indicating that gold is only rebounding and has not reversed. Then gold will continue to go short. Gold will go short directly near 2616 in the Asian session. First support: 2690, second support: 2579, third support: 2563 First resistance: 2616, second resistance: 2625, third resistance: 2639 Trading strategy: BUY: 2586-2588 SELL: 2616-2618
OANDA:XAUUSDShort
by Jun-GoldAnalyst
XAUUSD - CPI CPI CPI!The world's largest gold-backed mutual fund posted its biggest weekly outflows in more than two years last week. Donald Trump's resounding victory in the election caused traders to take their profits. The SPDR fund (GLD) saw more than $1 billion in outflows, the fund's biggest weekly outflow since July 2022, according to data compiled by Bloomberg. The price of gold decreased by 1.9% during the same period. Total gold ETF holdings fell 0.4 percent, the second straight weekly decline. Investors usually look for safe assets in times of political and economic uncertainty. They sought the safe haven of gold last month as the US presidential election was expected to be competitive. But as Trump swept to victory after capturing key battleground states and Republicans took control of the Senate, the decisive outcome prompted investors to exit their positions to preserve their gains. Trump's victory also boosted the value of the U.S. dollar and the stock market, which was a negative for gold as it made the bullion less attractive to investors holding other currencies. Bitcoin, for example, has been boosted by President-elect Donald Trump's embrace of the digital asset and the prospect of a Congress with pro-crypto lawmakers. Gold traders continued to take profits on Monday, with prices hitting one-month lows and shares of gold mining companies falling. Key economic events to watch include today's release of the US net Consumer Price Index (CPI) for October, which the Fed will be watching closely to assess whether consumer inflation remains on track to reach Is it at the 2% level or not?
FOREXCOM:XAUUSDLong
by Ali_PSND
Short-Term Rebound in Gold, but Bearish Trend PersistsGold experienced a brief rebound today, rising nearly $15 during the Asian session. This rally is primarily driven by an oversold bounce, and while there may still be some upward movement during the U.S. session, the overall trend remains bearish. Since Trump's election victory, the U.S. economy has continued to show strength, further driving the U.S. dollar higher, putting additional downward pressure on gold. The market is now focused on today's U.S. CPI data, as investors will assess whether this will prompt the Federal Reserve to continue its rate-cutting policy after December. If the CPI report is bearish, gold may face more significant downside pressure, and the probability of further rate cuts by the Fed could increase. As a result, gold remains in a bearish market for the remainder of this week, though we anticipate a gradual recovery starting next week. With only a few trading days left this week, the strategy should remain focused on shorting gold. Today's Trading Strategy: During the U.S. session, gold may experience some upward movement. This provides an opportunity to continue shorting gold, especially ahead of the CPI data release. Be sure to implement stop-loss and take-profit orders to effectively manage risk. I recommend following this approach for your trades. Ensure proper risk management with stop-loss and take-profit settings, securing profits while mitigating potential risks. If you need a more detailed strategy, feel free to reach out. I will share the complete weekly strategy with all VIP members.
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAUUSD. Waiting for the opportunity to buyHello traders and investors! Yesterday, the price interacted with the 2604.39 level. The daily candle had increased volume, which could indicate buyer interest. On the hourly timeframe, there is a sideways range. If the price breaks above the upper boundary of 2617.125 and the buyer successfully defends this breakout, it may be a good opportunity to look for buy positions. It would be wise to monitor how the price handles the 2627.235 level, as a seller might appear there. These would be aggressive buy positions. Conservatively, it makes more sense to look for buy opportunities after the buyer absorbs yesterday's daily seller candle on the daily timeframe. The previous detailed analysis can be found in the related post. Good luck with your trading and investments!
OANDA:XAUUSD
by AlexeyWolf
Gold Continues to Plunge (November 13)The rise in the US dollar has diminished the appeal of gold as a safe-haven asset, while expectations surrounding Trump's economic policies, such as tax cuts and infrastructure investment, have led many investors to shift towards riskier markets, driving gold prices lower. Specifically, gold has dropped to around 2,600 USD/ounce, marking a significant decline compared to previous days. Looking at the price channel, gold is currently moving in a downward trend. Technical indicators show that gold has broken through several key support levels, especially below 2,650 USD/ounce, suggesting that selling pressure is intensifying. If the downward trend continues, the next support level could be 2,550 USD/ounce, where gold might find temporary buying interest. However, if gold fails to hold this level and continues to drop below 2,500 USD/ounce, the price could continue to plummet, widening the decline in the short term.
OANDA:XAUUSD
by Alisa_Rokosz
Key Data Signals a Challenging Week AheadThis week, it is essential to prioritize a bearish stance on the gold market, aligning with the prevailing downtrend. As analyzed yesterday, the broader environment remains unfavorable for gold. Trump’s recent election victory continues to strengthen the U.S. dollar, and given his focus on boosting the American economy, gold is likely to face sustained downward pressure. Additionally, key economic data scheduled for release this week—including Wednesday’s October Consumer Price Index (CPI), Thursday’s Producer Price Index (PPI) and weekly jobless claims, and Friday’s retail sales data—are expected to weigh further on gold prices. Therefore, the most prudent trading strategy this week is to focus on short positions in the gold market. For those following this analysis, this provides a clear trading direction. For a detailed, actionable trading strategy, please reach out. I will share the complete weekly strategy with all VIP members.
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAUUSD (Gold) - Major Breakdown Expected, Targeting 2600Gold (XAU/USD) is currently showing signs of exhaustion after a prolonged bullish rally that has taken the price above $2,700. Based on technical indicators and key levels, we are approaching a critical juncture where a major breakdown could be imminent. Key Levels and Targets: Bounce back test: $2,474 This level represents a possible short-term rebound zone before the downtrend resumes. It aligns with previous minor support, acting as a key resistance for now. Critical Break-Down Level: $2,720 The price has been hovering around $2,720, which is a crucial support level. A daily or weekly close below this level would likely confirm a stronger downward move. Ultimate Target: $2,600 Once the break of $2,720 is confirmed, the next major target stands at $2,600. This level represents a deeper retracement in line with the completion of a larger cycle of profit-taking in the broader market. Technical Indicators: RSI Divergence: The Relative Strength Index (RSI) shows bearish divergence, signaling a potential reversal from overbought conditions. Bearish Flag Pattern: There is a bearish flag forming, which typically precedes a strong breakdown. The current price action fits within this pattern, further supporting a potential downside move. Scenario Planning: Bearish Scenario: A confirmed break below $2,720 is expected to trigger a quick move down to $2,600. At this point, it would confirm a reversal in the current rally, potentially signaling the end of the ongoing bull trend. Bullish Scenario (Less Likely): If prices manage to hold above $2,720 and break above the resistance at $2,748, the bull trend could resume, possibly testing the previous highs.
OANDA:XAUUSDShort
by profitoptionnew
Gold Analysis November 11Fundamental Analysis Gold prices held firm around the $2,672-$2,670 range as they entered the European session on Monday, looking vulnerable to extending their recent pullback from an all-time high hit on October 31. The US dollar (USD) remained slightly below a four-month peak hit last Thursday amid optimism over Donald Trump’s expected expansionary policies, becoming the main factor weighing on the commodity for the second straight day. In the meantime, investors appear to believe that Trump’s policies could boost economic growth and boost inflation, while limiting the Federal Reserve’s ability to ease aggressively. This has helped keep US Treasury yields high and contributed to outflows from non-yielding gold. However, a lighter risk appetite could limit losses for the safe-haven XAU/USD as traders await US consumer inflation data and Fed Chairman Jerome Powell's speech later this week. Technical Analysis The key breakout zone of 2663-2665 acts as immediate support in the European session on Monday. When this zone is broken, we will not buy half and wait for a retest to sell the breakout to the 2643 zone. When the price bounces strongly from the 2670 zone, the trend is that we will wait to buy when there are Dow breakout points. Our targets are around the 2706 and 2726 zones for SELL plans.
OANDA:XAUUSD
by TVS-Trader
2
Gold Price Today: USD Strength Causes Sharp DeclineGlobal gold prices have sharply decreased as the USD Index rose to 105.5 points, marking the dollar's highest level in over four months. The decline in gold is largely driven by the strength of the USD and rising Treasury yields. Additionally, a steep drop in crude oil prices to $68 per barrel and gains in U.S. stocks have shifted investor interest toward energy and equities. Consequently, investment in precious metals remains low, further pressuring gold downward. The short-term bearish trend is expected to continue, with more selling anticipated
OANDA:XAUUSDShort
by VivianPalacios280824