XAUUSD: There is a possibility of falling below 2700 todayYesterday we waited for the gold price to meet resistance at 2740 before selling, and the effect was very good. Today my strategy is still bearish. As long as 2740 is not effectively broken, the bearish view can be maintained.
From the 1H chart, after yesterday's failure to break through the 2740 resistance, the bearish pattern of the head and shoulders top has basically formed, and there is no problem with the lowest position of the head and shoulders top pointing below 2700 points. Therefore, even if today's sharp decline in the market after Black Friday is out, I am not surprised.
With the formation of a downward trend, the high point is definitely moving down, so today's selling point can be appropriately lowered a little, in the range of 2730-2740, the target is 2715 first, and then 2700
The above is today's trading strategy. Friends who need to copy my detailed signals and real-time operations can contact me, good luck everyone!
Xauusdsetup
XAUUSD: Key support 2718-2712As expected, gold rebounded today, reaching a high of around 2743, and then the price fell again. The shorts who entered at high levels made profits again, and everyone made good profits.
The current price is still falling, and the upper resistance is dense. Shorts seem to have become the focus of short-term trading.
From the perspective of pattern construction, there are signs of head and shoulders. If it is formed, then falling below 2700 will become inevitable. 2718-2712 is the support area that needs to be paid attention to.
Gold Trading Strategy: Continued Selling and Rebound ObservationAfter the rebound, gold has dropped again, now breaking below MA60, with short-term moving averages acting as resistance. I believe it’s prudent to continue selling today, with signals already shared at the market open—our regulars have already enjoyed some profits.
With the current rebound, I recommend using MA60 and MA30 as reference prices for selling, targeting around 2712. We can then assess the market reaction before deciding whether to buy back in.
XAUUSD: Buy@2716-2700 TP2728-2738Today's fluctuations in gold have been massive, dropping from 2758 to 2708. Anticipating a decline, I mentioned continuing to short in my initial strategy, but I didn't expect the bears to be so aggressive, driving the price down by $50. Given this situation, even if there are sudden negative news reports today, it's unlikely that gold will drop more than $15 again.
Therefore, from now until the U.S. market opens tomorrow, the trading direction should focus on buying. I believe that before Friday's close, the price could at least return to 2732, or even higher. However, when trading, we shouldn’t set our take profit too high; we should leave some buffer space.
The rise should not be abrupt but rather a gradual upward movement. For those who prefer not to trade frequently, after buying, setting the take profit around 2728 should be sufficient. As for future trades, we can decide based on market conditions.
XAUUSD: Today’s target is 2700 points, short on rebound highToday's trading strategy:
The support area of 2725-2720 was broken yesterday, and the overall trend of gold prices has been destroyed, so we can no longer maintain a bullish view.
From the hourly chart, the current gold price may form a head and shoulders top pattern. If this pattern is confirmed, it will enter a correction cycle.
The resistance area we need to pay attention to above is around 2740. As long as this position is not effectively broken, the gold price will start to fall, and it is very likely to test 2700 points.
Gold +100 Pips 0 Drawdown , New Entry Valid To Who Missed It !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.
Bearish P.A On Gold , Short Entry Ready To Give Us 500 Pips !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 Trading Strategy: Focus on Selling TodayYesterday, we bought and made some profits, and today we’ll primarily focus on selling.
The trading signal I released before the market opened suggests selling in the 2746-2752 range, with a TP set at 2738-2734. Some friends may have already traded based on the signal they received earlier; you can still join in.
Gold is currently within the selling range, and if you’re looking to place this order, now could be an even better position.
I will continue to monitor market trends, and any changes in trading will be communicated promptly. Stay tuned, and feel free to leave me a message if you have any questions.
XAUUSD: Sell, Add Positions At 2746-2751Today, gold broke through the resistance around 2728 and returned to the vicinity of 2738. Indicators show that resistance remains significant, so I recommend continuing to sell within the 2738-2743 range.
If prices continue to rise, I expect to encounter strong resistance in the 2746-2751 range. At that point, the market is likely to experience a pullback, and a return to around 2738 should not pose too much of a problem.
Therefore, today’s trading strategy is to sell in the 2738-2743 range and add to the sell position in the 2746-2751 range.
XAUUSD: Sell above 2756Today, gold prices rose to around 2758 before retreating. From previous trends, there is support around 2748, and the 2743-2738 range is also significant.
Currently, the market structure is not favorable for bulls, making support crucial. In terms of trading strategy, I am leaning towards short positions today, with a key entry point at 2756, which I shared yesterday, and an additional position in the 2760-2764 range.
If the price breaks below support directly, we may need to adjust the strategy and consider going long around the main support levels, but the target should be kept modest, ideally within $6.
Additionally, there will be news releases half an hour before the New York session, which could have a substantial impact on the market, so please pay close attention while trading.
XAUUSD: The rise is not over yet, 2740 is not the topYesterday, our strategy of waiting for the 2720-2725 area to stabilize before buying was still correct. Although the gold price hit a low of 2714, it continued to rebound and reached a high of 2738. We bought near 2720 yesterday and have taken profits today.
From the 1H chart, we can see that the decline in gold prices yesterday touched the rising trend line of 2715. As time goes by, the price of the trend line will gradually rise. The 2720-2725 area is where the next trend line is located. Therefore, my thinking today will continue to follow yesterday's trading method. If the gold price falls back to the 2720-2725 area again, I will buy long orders again, with the target at 2750.
Gold stays high despite rising U.S. yields and a stronger dollarGold prices (XAU/USD) reached a new record high on Wednesday, surpassing $2,750 in the European trading session. Risk-averse sentiment and the threat of escalating tensions in the Middle East have driven capital into the precious metal. Political instability in the U.S. and accommodative monetary policy have also supported gold prices.
Despite the U.S. dollar rising to its highest level since early August, bullish sentiment remains strong. Expectations that the Federal Reserve will cut interest rates less and concerns about spending deficits following the presidential election have pushed U.S. Treasury yields to a three-month high, which could hinder further growth in XAU/USD amid light overbought conditions.
Personal opinion:
XAU/USD has faced resistance near the $2,750 level, followed by the $2,767 area, which is the upper boundary of a two-week upward channel. If this barrier is cleared, it’s likely that the price of gold will continue to grow. If that happens, we could see gold reaching the $2,800 mark.
Pay attention to the price range:
Buy Zone: 2738 - 2736
SL: 2731
Buy Scalp: 2749 - 2747
SL: 2742
Sell Zone: 2767 - 2769
SL: 2774
XAU/USD 23 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
As a result of this strong bullish momentum, CHoCH positioning has been brought significantly closer to current price action, reducing the need for a deep pullback to indicate the initiation of a bearish pullback phase.
Intraday Expectation: Price is not currently showing any signs of a pullback, so I will remain on standby.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday expectation was not met, as price failed to target the weak internal low and instead printed a bullish iBOS.
As previously mentioned, price remains extremely volatile due to ongoing geopolitical tensions and the Fed's softer stance.
After a bullish iBOS, we expect a pullback. The first indication, but not confirmation, of a bearish pullback phase initiation would be a bearish CHoCH, denoted by a blue dotted line.
Price is currently trading between an internal low and a fractal high.
Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of a bearish pullback phase.
M15 Chart:
XAUUSD Update and How To Day Trade GOLD👀👉 This is an update to my previous video. In that session, I discussed the importance of identifying a retracement and waiting for a bullish structure break to enter long positions. In this video, we will analyze gold on a lower timeframe, specifically focusing on strategies for engaging with the trend on a 15-minute chart. Disclaimer: This video is intended for educational purposes only and should not be considered financial advice. 📊✅
Gold will rise again to 2740The buy signal released before yesterday's close perfectly hit the take-profit target at today’s opening, bringing in substantial profits. Currently, gold is hovering near MA5, with MA60 and MA30 acting as support. I believe we can continue to buy, setting a take-profit target in the 2737-2743 range.
GOLD Bulls Are Still In Control. Next Stop 2800?Gold has been rallying and is at a new all time high. Looking for price to consolidate or pull back before the next rally. It's also possible we could get a breakout above recent highs.
Key Intraday Sup around 2740
Key Res 2750
If QP 2750 turns support, we will target the next large QP then the next major QP.
1st Target 2775
2nd Target 2800
XAUUSD: Continue To Sell, TP 2719-2713Recently, due to escalating international tensions, gold prices have soared, leaving Friday’s short positions in a losing state. From a technical perspective, short positions should have started to push back if it weren’t for the news. Currently, the MACD shows a continuous top divergence, but the ongoing war has rendered technical analysis somewhat powerless, which is a major reason for the predicament.
I believe that news will also have a buffering period, during which the market will return to technical patterns, creating crucial opportunities to turn losses into profits. In today’s U.S. session, there is a high probability of a downturn in gold, with my expectation around 2716, so short positions will remain my primary focus for trading today.
If your positions are also trapped, please reach out to me so we can work together to find a way out.
XAU/USD 22 Ocotober 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remain unchanged from yesterday's analysis dated 20 October 2024.
Price has printed both a bullish iBOS and a subsequent BOS.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs).
Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line.
At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday expectation was met, with price targeting weak internal high.
However, internal structure bullish momentum was not sustained, as price printed an iBOS. This was expected, given that all higher timeframes (HTFs) are in need of a pullback.
Price has reacted from M15 supply level.
Intraday Expectation: Price is expected to target weak internal low.
M15 Chart:
Gold Trading Success: Future Strategies (BUY)Today has been a perfect day as we successfully hit our target of 2720, securing impressive profits. Currently, gold is showing a U-shaped bottom trend, with key resistance at MA5 and MA60, leaving about $5 of room before reaching MA60.
I believe this space can be utilized. If it fails to break through, we will choose to close positions here; however, if it does break, I expect prices to rise towards the 2728-2734 range.
In case of a reverse drop, I suggest adding orders in the 2713-2707 range, with a take-profit target set at 2718.
Gold Will First Fall To 2720The New York trading session has begun, bringing more market opportunities! I’m sure there are others out there still holding onto the 2723 sell order like I am. For now, I'm not planning to touch it—I’m waiting for profits. The price is still above the MA5, so I just need to wait for it to break, followed by the MA30. By Tuesday or Wednesday, the price should drop to at least 2720, and that’s when this order will become profitable!
In the meantime, I’ll continue trading other signals. While there are plenty of opportunities in the market every day, I can't guarantee I'll catch every single fluctuation.
As long as it's a signal I send out, I will track it thoroughly until the order is completed perfectly! Trust me—every trade you make will receive expert guidance and support. Together, we’ll lock in profits and achieve wealth growth!
Gold Trading Strategy: Today's Gains and Future OutlookBefore Friday’s close, I chose to buy gold at 2719. Today, the opening price rose, and I closed positions at 2723 and 2725, selling within the 2723-2732 range.
Currently, the order at 2732 has closed at 2725. The price has dropped to MA30, showing support, though not strong. I believe it will find better support at MA60 (2715). Before that, if a rebound occurs, I consider MA5 (2728) as a reference for resistance.
Today has been another profitable day. I'm looking forward to the New York session, where market volatility will increase, and we’ll continue trading then!
#XAUUSD: Daily ViewPoint Will War Conflict Affect The Gold PriceDear Traders,
Gold has been in range at the moment the HH of day week it created when it reached 2670 and then dropped to 2645 level. Currently ranging between these two levels. What we are thinking here is that there is possibility that price continue the range until the friday when we have nfp. That will be crucial for the price to decide its future trend.
XAUUSD: Can be bullish, but beware of pullback riskGold prices have continued to rise this year, hitting new highs, even as the U.S. stock market hit a series of record highs.
Although the rise of safe-haven assets does not usually follow stocks, due to the demand of central banks and the decline in real interest rates, coupled with the constant geopolitical conflicts, gold has become the best way for investors to invest, which in turn continues to push up gold prices.
Judging from the current trend of gold prices, gold has no signs of peaking at all, and the bullish trend is very strong, but at the same time, this moment is the most dangerous.
The rise now seems to be completely abnormal. Once a certain opportunity appears, the decline will also be a waterfall.
From the 1H chart, we can see that gold does not give a big chance of callback now, which is completely different from the previous rise. This is nothing more than wanting you to keep chasing the rise at a high level.
But if you chase the rise like this, it will be very dangerous, and it is easy to chase the rise to the top of the mountain.
The 2720 position in the figure is today's opening price. If the gold price can stabilize above 2720-2725, then gold will undoubtedly continue to rise and further hit new highs. But if it falls below 2720 today, then be careful. The gold price may further test the 2700 integer mark. If 2700 falls below, it will be the beginning of a sharp correction.
So if you want to participate in the transaction today, you have to look at the situation in the 2720-2725 area. You can buy when the price stabilizes here. Otherwise, I do not recommend other trading positions.