Bearish trend continues.Gold bulls and bears saw each other repeatedly, and the market rose and fell back to fluctuate and adjust! Thanksgiving on Thursday, the US market closed early, and the expected volatility was limited, so the expectation should not be too high. Look for opportunities to short below 2652, and the nearest suppression below is 2647! Continue to sell on rebound!
We said yesterday that gold’s rise is not necessarily a reversal, but just a rebound. Gold suggested to continue selling near 2652 yesterday. Gold fell as expected, and gold is still just a rebound.
The 1-hour moving average of gold is still arranged downward. The rebound of gold is an opportunity to short. If gold rebounds above 2640, continue to short.
First support: 2620, second support: 2612, third support: 2600
First resistance: 2640, second resistance: 2652, third resistance: 2668
Trading strategy:
BUY: 2611near
SELL: 2644near
Xauusdanalysis
XAUUSD:28/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2627
Four-hour resistance 2641, support below 2627-10
Gold operation suggestions: Gold surged and fell in the shock yesterday. The US market surged slightly and pierced the 2658 line and fell under pressure. The closing price was below 2640. The overall gold price showed a secondary pressure pattern above 2655.
At present, from the 4-hour trend, pay attention to the short-term suppression of 2640-2645 on the upper side, and focus on the suppression of 2658-60 yesterday. In the short term, we pay attention to the support of 2627 on the lower side, and wait patiently for the key points to enter the market.
SELL:2640~45
BUY:2627near
BUY:2612near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold's Key Zones: 2658-2661 Resistance and 2615-2609 SupportGold is still oscillating within a triangular range, and the market is waiting for a breakout direction. If the price breaks above the 2658-2661 resistance zone, gold is expected to rise to around 2682, and may even touch the 2700-2710 range.
However, if the price breaks below the 2615-2609 support, the triangle consolidation may turn into a bearish continuation, with the target moving down to 2586. If no effective support is found during the decline, gold’s downside target could move towards 2568-2547.
Therefore, our primary focus should be on two key levels: the 2658-2661 resistance and the 2615-2609 support, so we can adjust our strategy accordingly upon a breakout or breakdown.
XAUUSD Buy Gold price (XAU/USD) drifts lower during the Asian session on Thursday, albeit finds some support near the $2,620 area and has now trimmed a part of its intraday losses. Wednesday's US macro data dump pointed to a still resilient US economy and stalled progress on inflation, suggesting that the Federal Reserve (Fed) might be cautious about further rate cuts. This, in turn, triggers a fresh leg up in the US Treasury bond yields, which helps revive the US Dollar (USD) demand and undermines the non-yielding yellow metal.
Meanwhile, the current market pricing indicates around 70% probability that the US central bank will lower borrowing costs at the December policy meeting. Moreover, expectations that Scott Bessent – US President-elect Donald Trump's US Treasury Secretary nominee – will restrain budget deficits might cap the upside for the US bond yields. This, along with concerns about Trump's threatened tariffs and geopolitical risks stemming from the worsening Russia-Ukraine conflict, offers some support to the safe-haven Gold price.
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Gold Price Analysis November 28Gold is trading near the resistance zone of 2650, this zone becomes the key zone for today's trading day. If before the US session, gold cannot break this zone, the gold trend will continue to fall to important support zones. Pay attention to the support zones of 2638, 2621-2613, 2605 to have the best trading strategies when the price falls to that zone. In the opposite direction, the 2650 zone is broken, gold will return to the uptrend. If gold closes the daily candle above 2658, it is determined that gold is ready to return to the uptrend and head to 2700 soon. Wish you successful trading.
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.
XAUUSD / RANGE MOVEMENT BETWEEN 2,678$ AND 2,604$ / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Yesterday, the market saw a price decline with a profit of +355 pips. This suggests a profitable movement for traders who correctly anticipated the downward trend.
• Prices are currently attempting to reach $2,661, which is identified as a key resistance level. If prices stabilize below this level, further declines are expected.
Expected Support Levels:
• If the downward trend continues, potential support levels are highlighted at:
• $2,630
• $2,604
• $2,587
These levels indicate areas where buyers might re-enter the market, slowing or reversing the decline If the price breaks above $2,661, an increase is expected, with a target of $2,678.
The critical range is between $2,604 and $2,678 , A breakout on either side of this range will “confirm direction,” meaning it will provide clearer signal of the next major price trend.
The market is currently under downward pressure, indicating a bearish bias in the analysis.
XAU/USD 28 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:
GOLD- at immediate support? whats next??#GOLD.. well guys market placed a very reasonable low in morning that was our support and we discussed in our video analysis.
now we have 2642.50 as immediate support and if market holds that area in that case we can see further bounce towards our area.
keep close 2642.50
good luck
trade wisely
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Thanksgiving: Trading Strategy for TodayMarket Review and Outlook:
In the early hours of Thursday’s Asian session, spot gold saw a 0.5% decline, hitting a two-day low of 2620.83. The dip was primarily driven by a rebound in the U.S. dollar and selling pressure after the failed rally in gold prices. Given that today coincides with the U.S. Thanksgiving holiday, the economic data calendar is light, and we expect gold to trade in a narrow range with subdued volatility. Traders who followed our shorting strategy near 2650 yesterday have already locked in profits.
With lower market liquidity due to the holiday, price action is expected to remain muted. Gold is likely to oscillate between 2620 support and 2640 resistance.
Today's Trading Strategy:
Sell Zone: Short positions near 2640 and above.
Buy Zone: Long positions near 2620 or lower.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Please ensure proper risk management and avoid overleveraging your trades.
Gold Can Fall After Testing the TrendlineHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Strong Economy = Weak Gold | XAUUSDPositive unemployment data is indirectly bad news for gold. Because good unemployment data = low probability of recession , Gold price was going up because of the probability of crisis increases.
That's why I think gold will lose this tiny reaction from the range low point at full speed and go to the boxes below.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
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Gold Buy Limit OrderDue to the Core PCE index report we're in a strong pullback. I highlighted this area as a good zone to enter this trade. It's more safe to wait for price to come to this area and then look for a CHoCH in lower TF for more confirmation to enter.
Entry: 2625
SL: 2619.6
TP1: 2630.75(1:1RR)
TP2: 2636.45(1:2.1RR)
TP3: 2643.4(1:3.4RR)
TP4: 2656.45(1:5.8RR)
TP5: 2663.8(1:7.2RR)
Let's wait & see..
Gold is again with bears. VWAP setup & Silver remains 30.10
My apologies if I am short one-day & long the next.
About 48 hours ago I wrote that I thought Gold would likely get a bump-up & then sell off to the 14-18 November Lows, seen in this chart below 4HR.
The main chart above shows Gold's weakness in a VWAP setup, where price, MA and the average VWAP move below VWAP (purple line).
There was also a bullish head n shoulders pattern in the Asia session today early, very low timeframes, which nobody wanted a bar of.
So lets quickly talk Silver, it sells off about 15 hours ago from a TOP2 and sells off very aggressively, but price normally turns around at the bottom and moves back up the charts.
But in XAGUSD the above has not happened. It's been sitting at the bottom around 30.09 and hourly candles show this occurring. Nobody is buying Silver down there. Silver is awaiting its big-brother to come down the corridor.
So what happens next? I think Gold sells off back down to levels near Silver and a move back to the 14-18 November lows.
Yesterday I traded gold from around 2635 up to 2650 I think it was. So it moved up nice in the Asia session. Then price stalled for 4 or 5 hours. There should've been my cue that something was not right in the long entry for gold, then reading into economic data I thought was okay was my next mistake.
I look for the bigger moves in trading which is much harder, some will put out an alert for a few pips here and there and still claim a win when their Stop was taken-out, they are stats-driven of course for their telegram channel 4! Cheers
Gold price analysis November 27Fundamental Analysis
Gold prices rose above overnight gains from the $2,600 region, or a one-week low, and gained some follow-through positive momentum for the second consecutive day on Wednesday. Concerns over persistent geopolitical risks stemming from the protracted Russia-Ukraine war and US President-elect Donald Trump’s tariff plans turned out to be the main factors driving safe-haven flows into the precious metal.
In addition, a subdued US Dollar (USD) price action lifted Gold prices to a two-day high around $2,645 heading into the European session. However, the prevailing risk-on environment, prospects of slower rate cuts by the Federal Reserve (Fed) and rising US Treasury yields kept the yellow metal in check. Traders now look to key US inflation data for fresh impetus.
Technical analysis
The immediate resistance that gold is aiming for is 2648-2650, pay special attention to this price zone. If we can break this zone, we will wait for retests and BUY to the main resistance zone today at 2658-2660. In case the European session cannot break 2650, our strategy will be to SELL Gold, expecting it to reach 2634.
Gold’s Key Support at RiskGold is once again in a downtrend, and the key level to watch is the support zone between 2618-2609. If this support holds, gold may form a double bottom, increasing the chances of a rebound.
However, if the support breaks, this could likely be the final leg of a five-wave downtrend, and the decline could be the largest of the current cycle, potentially breaking below 2600 and reaching 2580, or even lower.If you're looking to go long on gold (trend trading), you will need to wait for the end of the five-wave decline and for a clear bottoming pattern to form before making your move.
Sorry, I've already started shorting goldBros, gold rose to the 2650-2660 area as expected, and we made a very good profit on the long position we held since yesterday. At present, gold has reached a high of around 2654. Then it is obvious that since gold fell from 2721 to 2604, its 50% split line is exactly in the 2660-2665 area; and in the short term, since gold fell from 2688 to 2604, its 61.8% split line is exactly in the 2655-2660 area. So gold faces resistance in the 2655-2665 area in the short term.
If the current rebound of gold is just a correction to the downward trend, then gold may still fall again when facing this resistance area. So I have reminded everyone that you can short gold near 2653, bros, wish us good luck!
Bros, have you shorted gold like me? 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!
Building a Bottom Before ReboundWhether from the perspective of the 5-wave pattern or the support levels established during the previous uptrend, both suggest that the current price is forming a bottom region before a potential rebound. We need to be patient during this phase. Of course, I’m sure there are some traders who enjoy scalping—if that's the case, you can trade smaller intraday swings during the bottoming process. However, I would recommend focusing on buying at lower levels for better entry points.