XAUUSD: The Downtrend Is Not Over YetDear Traders!
Today, gold prices fell sharply, ending the week at $2,684, recording a decrease of 0.83%. The rising US dollar, fueled by political uncertainty, put a lot of downward pressure on gold. The shift of investors to riskier assets added to the selling pressure on gold in the market, reinforcing the bearish trend.
Analysis of the 4-hour chart shows that gold prices are currently facing resistance at the important resistance zone of $2,700 - $2,715. The 34 EMA has crossed below the 89 EMA, a sign that sellers are in control. If the price fails to break through this resistance zone and continues to be under pressure, gold is likely to find support at $2,640 - $2,656. In the event that the price drops below $2,640, the short-term bearish outlook will become stronger, with a deeper target in the near term.
Xauusd(w)
XAUUSDXAUUSD is in a strong uptrend. The price is currently near the support zone 2611-2596. If the price fails to break through 2596, there is a chance that the price will rebound. Consider buying the red zone.
(Very Risky Trade)
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
Gold (xauusd): Potential Pullback After Downtrend Breakhello guys!
let's analyze GOLD!
Downtrend Break: The sharp decline suggests a bearish sentiment as gold fails to hold previous support levels around $2,693.
Retest Zone: There is a potential retest zone around $2,678 - $2,693. If the price retraces to this area and faces resistance, it could signal a continuation of the downtrend.
Next Support Target: If the bearish momentum continues, the price may reach a major support area around $2,610 - $2,630 (highlighted in grey), which aligns with a longer-term trendline support.
Continuation Scenarios:
Scenario 1: Price could retrace to the $2,678 - $2,693 area, face resistance, and continue downward toward the support zone.
Scenario 2: If the price breaks above $2,693, the bearish bias may temporarily weaken and move towards higher resistance levels.
XAUUSD - Where to next for gold?Most of you who know me know i have been posting this particular chart for months now and 2775 was always the target of current htf range (wicks above expected).
2775 was reached and price backed away from it for the weekly close.
If we look back at previous ranges this could entail a full range retrace back to 2615... first i will be looking for price reaction approx mid range around the 2700 area.
XAUUSD | 11.11.2024BUY 2665.00 | STOP 2620.00 | TAKE - 1 - 2693.00, TAKE - 2 - 2710.00 | The XAUUSD pair retreated from the 2800.00 level amid market volatility after Donald Trump's victory in the presidential election and the US Federal Reserve's interest rate adjustment by 25 basis points, justified by the recovery of the labor market and inflation reaching the target level of 2%.
GOLD ROUTE MAP UPDATEHey Everyone,
What a day in the markets today with another big drop following on from last weeks election move.
We observed today and watched our bearish side of the setups play out with 2682 being hit on market open followed with ema5 cross and lock opening 2657,which was also hit and then continued into 2638 and now the swing range. Both of these two levels were confirmed with candle body close confirmation, as ema5 was lagging due to momentum.
We are now seeing price in the swing range and looking for a reaction here. Failure to hold support here and we will switch to our 4h chart to track the extended range.
We will now patiently wait for the momentum to exhaust, so we can continue to stick with our long term trend and buy dips. We were looking forward to this correction for a while now, to enable us to get back in the wave.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2704
EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET
2725
EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET
2753
BEARISH TARGETS
2682 - DONE
EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET
2638 - DONE
EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2621 (DONE) - 2608
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
How to layout gold under a sharp declineOn Monday, gold faced a severe downturn, plummeting by $60, setting a bearish tone for the week.
Fundamental Analysis: Following Trump's victory, the U.S. dollar strengthened as investors anticipated a shift from the Federal Reserve toward a less dovish stance. The market expects that Trump’s proposed economic policies will pave the way for high economic growth in the U.S., potentially complicating the Fed’s efforts to control inflation. This scenario may prompt the Fed to reassess its future policy easing path. All signs point to significant downward pressure on the gold market, suggesting that any rally could provide an opportunity to short.
Technical Analysis: On the hourly chart, gold prices appear to be stabilizing around the 2613 level, indicating that an initial oversold rebound may be imminent.
Current Gold Strategy: Consider long positions around 2613. If prices rebound to approximately 2625, this could serve as an entry point for short positions.
For those following this analysis, these insights should clarify the general trading direction for the week. For a detailed strategy, feel free to reach out. I will be sharing the complete weekly trading strategy with all VIP members.
Gold Bearish Trend Analysis
Here’s an analysis for US30 Empire on why we believe Gold will continue to go down:
Gold Bearish Trend Analysis
We believe Gold is likely to continue its downward trajectory for several reasons, as outlined below:
Stronger US Dollar: Gold typically moves inversely to the strength of the US dollar. Recently, the US dollar has gained momentum due to positive economic data, including stronger-than-expected employment numbers and steady GDP growth. As the dollar strengthens, gold becomes more expensive in other currencies, leading to reduced demand and a price decline.
Rising Interest Rates: While inflation has shown signs of slowing, central banks, particularly the Federal Reserve, have kept interest rates relatively high. Rising rates reduce the appeal of non-yielding assets like gold, as investors seek better returns in interest-bearing assets such as bonds. This continued environment of high rates pressures gold prices downward.
Diminishing Safe-Haven Demand: During times of heightened market uncertainty, gold often acts as a safe-haven asset. However, as global economic conditions stabilize and investors show increasing confidence in risk assets like equities, the demand for gold as a hedge against risk declines. This shift in sentiment puts downward pressure on gold prices.
Technical Indicators: From a technical standpoint, gold has recently broken below key support levels, confirming a bearish trend. The RSI (Relative Strength Index) is also showing signs of being overbought, indicating that a pullback is due. Additionally, moving averages are indicating downward momentum, signaling a potential continuation of the downtrend.
Reduced Inflation Fears: While inflation was a major driver for gold in the past, the recent easing of inflationary pressures reduces the need for gold as an inflation hedge. As inflation expectations moderate, gold loses its primary appeal, contributing to downward price movement.
XAU/USD "Gold Dollar" Market Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAU/USD "Gold Dollar" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 1h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
GOLD SHORT TO $2,540 (1H UPDATE)If you still haven't got into Gold sells yet, you haven't missed out! Still expecting price to drop 2,000+ PIPS in the mid term, which YOU ALL can capitalise on. has been absolutely dropping since yesterday, which works in our favour!
If you haven't seen my last video update on Gold, go back & watch it just so you know how the ATH of $2,790 could be manipulated.
Gold 1H Intra-Day Chart 10.11.2024Our Gold sell position is playing out nice. Expecting bears to remain in control. Here is what I am looking for tomorrow;
Option 1: Gold pushes a little higher towards the $2,720 - $2,740 zone for LQ, before dropping back down again.
Option 2: Gold keeps dropping from current market price.
GOLD SELLING ZONE WITH CPI AHEAD 4HRHELLO TRADERS
As I can see Gold on shorter TF it could drop till these levels bestselling zone drawn based on technical re-test after breakout to downside on channel and tested fib Golden ratio 0.50 Friends chart is easy and simple to read technically we can see a stronger DXY pulling toward 106.00 levels geopolitical issue are going on but technically its was overbought and Weekley RSI above on 70 zone incoming strong CPI Data can make some volatile moves in markets this week Russian president Putin Continue talk with Trump on Ukraine War Friends it's just a trade idea only based on technical analysis share Ur thoughts with us and Stay Tuned for more updates
XAUUSD / TRADING DEMAND ZONE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Time Frame and Initial Target , The analysis is based on a 4-hour (4H) chart, which is commonly used for short- to medium-term trading insights, A previous target was reached with a +550 pip profit due to a decline to the demand zone, implying successful movement in line with expectations.
Current Price Movement , Prices are trying to reach $2,605 in the demand zone , As long as prices remain above this level, there is potential for an increase, likely moving toward a supply zone between $2,687 and $2,708.
Possible Downside , If prices break below and stabilize under $2,605, this could signal a further decline to the next demand zone between $2,565 and $2,551.
Overall Market Pressure , The trend shows upward pressure, but breaking the demand zone between $2,565 and $2,551 could confirm a downtrend, indicating a bearish shift if support does not hold.
GOLD → Buyers stop believing in gold ... Are the bears coming? FX:XAUUSD after Powell's support reaches a local high of 2710, but buyers do not let the price near the risk zone. The price is returning to the correction phase and preparing to update the local lows
The correction started after the strengthening of interest in the dollar, which is growing at the expense of gold because of Trump's victory. The excitement has not subsided yet, it may continue for a few weeks. The 0.25% cut in interest rates was slightly taken into account by the market, but still supported the metal, but short-term. The market is also disappointed with China, especially with the actions of the authorities towards the country's economy. In general, the fundamental background is negative and it is worth considering this information in your trading. Ahead of the US CPI, which will be published on Wednesday.
Technically, the price is turning around and intends to test the liquidity zones located at the bottom...
Resistance levels: 2680, 2685, 2700
Support levels: 2665, 2652, 2637
Emphasis on 2665. A pre-breakdown consolidation is forming. If the price breaks this support, selling may intensify. I do not exclude one more attempt to retest the resistance, for example 2680-2685 before further falling. In general, both fundamentally and technically, the market feels the priority towards the bears...
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
XAUUSD: 1700+ Pips Sell, Gold is going to melt hard! OANDA:XAUUSD dropped after touching daily order block at $2710, price dropped to $2617 almost achieving 930+ pips. Expecting a minor correction of 300-400 pips taking price to 2650 area where we can enter another sell enter. A possible target of 1700+ pips target. Remember this is swing sell entry. Good luck.
GOLD On The Rise! BUY!
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 2623.4
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2669.3
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
Gold and Silver short-term correctionAs I pointed out in the previous post, Silver and Gold are showing a weakness in their price.
The correction in gold is not far from my expectations, it needed some rest after this crazy marathon in 2024 😁. Also, Silver is going into a deeper correction, which makes the silver stackers and long-term investors of this shiny metal excited. So, I would like to see Silver keep going down and reach below $30 while in the same time it would be nice to see gold is reaching below $2580.
Both Silver and Gold might experience this weakness until the end of November. Then, I would like to see another leg up forming until the end of February.
Will Gold Hold Support or Break Lower?
OANDA:XAUUSD 30-Min Chart Analysis
Potential Scenarios
Bullish Scenario:
• Volume Bullish Divergence: Indicating a potential reversal if buying pressure continues.
• Strong Support: Price is near a key support level, which may hold and prompt an upward move.
• Falling Broadening Wedge: A potential bullish reversal pattern. If confirmed, this could lead to a breakout.
Bearish Scenario:
• If price breaks below the current channel, the next target could be 2656, with a possible further decline toward 2617 if selling pressure persists.
Key Levels to Watch:
• 2695
• 2700
• 2702
• 2710
As always, follow your risk management plan. Good luck, and happy trading!