Xauusdanalysis
GOLD UPSIDE IDEAPrevious idea cause us to think about 2770 zone for shorts. but price retrace, I conclude this idea can go higher either.
This is only my view. my longterm target would be the previous ATH.
this is not a financial advice. stoploss at below the candle of 2581. so you could have small stoploss at 2577.
Trade wisely.
Goodluck. Ciao....
Gold will Go UP at least to PRZ!!!Gold ( OANDA:XAUUSD ) started to rise again after the conflict started in Syria as if the Middle East does not want to be calm (unfortunately). Every day is a new story.
Gold started to rise again from the Support zone($2,644-$2,624) after the high point and is moving in an ascending channel .
According to the Elliott wave theory , Gold seems to have succeeded in completing microwave 4 , and we should wait for it to rise again .
I expect Gold to rise at least to the upper line of the Ascending Channel and Potential Reversal Zone(PRZ)($2,675-$2,668) .
⚠️Note: We can expect more dumps if gold touches $2,647.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD:29/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2634
Four-hour resistance 2688, support below 2647
Gold breaks upwards, gold starts to strengthen, we continue to go long. Buy gold directly near 2650 in the NY market!
Gold breaks through the convergent triangle pattern in the Asian session, and gold finally chooses to break upwards. Gold bulls exert their strength, and the gold 1-hour moving average also diverges upwards. Continue to go long when gold falls back.
Gold will go Down by Bearish Flag Pattern!!!GDP , Unemployment Claims , and Core PCE data were announced almost as expected .
If the Unemployment Claims, GDP, and Core PCE data are released in line with expectations, their impact on the markets is usually limited because:
1-Priced-In Effect :
Markets tend to adjust their pricing ahead of time based on forecasts. As a result, data matching expectations typically does not provoke major market reactions unless there are surprises in other economic indicators.
2-Market Stability :
When key indicators align with predictions, investors often maintain their current strategies, leading to reduced volatility unless new risks or external shocks emerge.
3-Monetary Policy Implications :
Data in line with expectations generally confirms the prevailing outlook for monetary policy. For example:
But today's important news was the signing of the ceasefire between Lebanon and Israel , which can reduce tensions in the Middle East and be a factor in preventing Gold from rising again .
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Gold ( OANDA:XAUUSD ) is moving in the Support zone($2,644-$2,625) .
From the point of view of Classical Technical Analysis , it seems that Gold has succeeded in forming a Bearish Flag Pattern , we can confirm this pattern by breaking the lower line of the ascending channel .
According to the Elliott wave theory , Gold has succeeded in completing the main wave 4 , and we should wait for main wave 5 .
Based on the explanation above, I expect Gold to continue to decline to at least the Support zone($2,605-$2,584) .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long gold after a pullbackBros, because the geopolitical situation is tense again, the market risk aversion is high, and gold has broken through the recent short-term resistance and reached near 2667. Since gold has made a breakthrough and chosen a direction, we must follow the trend and go long on gold, and we cannot blindly short gold.
The market risk aversion stimulates buying, so after gold breaks upward, the gold retracement space may not be too large, so we maintain the continuity of the trend in trading. If gold falls back to the continued rising position area, then we can start to try to go long on gold, that is, the current continued rising support area is 2655-2645 area.
Then in this range, we can start to try to go long on gold.If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Continue to hold long gold positionsBros, as I said in my last article, since gold has chosen to break upward after the shock, there will not be much retracement in a short period of time. Although gold has encountered resistance and fallen back near the 2665 position many times in the short term, as long as it does not fall below the 2660-2655 area during the decline, then gold must have room to rise.
For this round of gold rise, I think gold is likely to try to touch the 2680 area. So we can hold the long positions we currently hold with confidence and wait for the profit to expand!
Bros, are you following me to go long on gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold has made a profit of 300% this weekTechnical analysis of gold: Gold is currently in a range of fluctuations. It was under pressure near 2650 yesterday and then fluctuated and retreated, but it rose sharply again in the morning near 2634. It is still in the stage of rebound correction after the plunge, showing a range of fluctuations. The short-term trend is still strong, but it is unlikely to form a unilateral trend of rising. The main support is still the unstable factor of the escalation of regional situation. The inflation premium of currency depreciation is long-term, but the risk aversion sentiment is short-term and fast. After the plunge at the beginning of this week, the price of gold has basically been in a state of low correction, and there has been a certain decline during the period. At present, the large-range triangular wedge consolidation is very obvious, and the short-term trend of the long and short roller coaster has no continuity. After the early morning trading today, it is a good opportunity to go short. The white plate pulled up falsely and pierced 2665-2670 during the day to directly go short. The upper rail pressure of the range is given to go short! The short-term price will also increase in volume and wait for the point to be touched before the short enters the market!
From the technical trend, gold will most likely continue to fluctuate within the current range in the near future, and the operation will be mainly short-term quick entry and exit. The sharp rise in the early trading is not expected to continue. Now the hourly chart of gold has shown a big positive resistance line pattern, and the current price is close to the edge of the previous upward trend line, and there are signs of a short-term decline! So there is nothing to hesitate about the operation. Continue to short gold at the current price of 2665, and continue to look at the 2640-2635 area in the short term.
XAUUSD PRICE WILL SIDE WAYS IN THE 2657- 2660 will bounce up?XAUUSD Gold is displaying signs of potential recovery, hinting at a possible bounce back to the 2670 level. Recent market dynamics suggest that gold may regain strength as investors seek safe-haven assets amidst global uncertainties. Traders should closely monitor key support zones, technical indicators, and fundamental catalysts, which could pave the way for bullish momentum. A break above critical resistance levels could validate this upward trajectory, making 2670 a realistic target in the coming sessions.
XAUUSD Buy setup Gold price (XAU/USD) sticks to its intraday bullish bias through the early European session on Friday and currently trades just below a four-day top, around the $2,657-2,658 area. Concerns about the effect of US President-elect Donald Trump's trade tariffs on global growth and the protracted Russia-Ukraine war continue to drive haven flows towards the precious metal. Apart from this, depressed US Treasury bond yields and an intraday US Dollar (USD) dip to a two-week low turn out to be another factor that benefits the commodity.Meanwhile, expectations that US President-elect Donald Trump's expansionary policies would revive inflationary pressures and signs that the progress in lowering US inflation stalled in October could restrict the Fed from easing policy further. This, in turn, could limit any further slide in the US bond yields and lend support to the USD, warranting caution before placing fresh bullish bets around the non-yielding Gold price. Hence, strong follow-through buying is needed to confirm that the XAU/USD has formed a near-term base near the $2,600 mark.
XAU/USD 29 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Today's analysis and bias will remain the same as analysis dated 26 November 2024.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAUUSD Top-down analysis TodayHello 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.
Gold First Entry Fully Closed +500 Pips 0 Drawdown Here is our first entry on Gold +500 Pips 0 Drawdown , Second Entry +400 Pips 0 Drawdown Also .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold price analysis November 29Gold has formed an upward channel and is trading within that price range, 2679-2680 has become the destination and also the most important resistance zone today. Gold is facing some selling pressure at 2665, so the 2665 zone has become the immediate port zone that Gold will encounter when it wants to surpass 2680. The possibility of a sell-off at the end of the day is possible, so when the price channel is broken, that is, breaking the important zone of 2650, Gold will soon find 2605 and 2585 again.
Wishing you a successful trading day
XAUUSD, 1-HOUR TIMEFRAME CHARTXAUUSD, 1-hour timeframe chart
General outlook
XAUUSD has been under buying pressure within the last day. if pair touched resistance 2708.
then we wait if pair break the resistance 2708 then we take buy position. if pair not break resistance then we take sell position.
Possible scenario
we are waiting for our zone CAPITALCOM:GOLD .