Ascending Channel at Risk: Gold's Next Move!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,743-$2,700) , near the Upper line of the Ascending Channel and near the Important Resistance lines .
According to the theory of Elliott waves , Gold seems to have succeeded in completing microwave 5 of microwave c of the main wave Y . If the Uptrend lines break , we can confirm the end of wave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks (Clear RD- in all indicators ).
I expect Gold to drop at least $2,710 in the coming hours after the breaking of the Uptrend lines . The next target can be $2,701 , and if the lower line of the ascending channel breaks , we can hope for the breaking of the Support zone($2,697-$2,689) .
If you want to see my analysis on the 4-hour time frame , take a look at the post I published on January 16, 2025 .
Note: If Gold goes above $2,750, we should expect more Gold increase and a new All-Time High (ATH) for Gold.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 1-hour time frame.
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Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Xauusdshort
XAUUSD SHORT OPPORTUNITY 1:5
Fundamental Sentiment
Inauguration Day- Anticipating a bullish dollar NY open
Directional Bias
New York bias - Bearish bias
Price Action:
AMD Model this session: Accumulative price action in Asia, Bullish Manipulation start of London session. Anticipating a bearish distribution in New York
15mins market structure shift with a clear AOI at the bearish orderblock.
Setup invalidation
If price rallies above the high of London open, this will invalidate this setup.
Gold falls on inauguration day of TRUMP⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Last week's softer-than-expected US inflation data could support Gold prices by fueling speculation of more than one rate cut by the Federal Reserve (Fed). Traders are now looking ahead to President-elect Trump's inauguration on Monday for insights into the executive orders he plans to issue. "Uncertainty surrounding the policies President Trump will implement has been one of the factors supporting Gold," noted David Meger, Director of Metals Trading at High Ridge Futures.
Moreover, ongoing geopolitical tensions in the Middle East and the Russia-Ukraine conflict continue to drive safe-haven demand for Gold. According to The Guardian, the Russian military captured two additional settlements in eastern Ukraine's Donetsk region on Saturday, marking the latest progress in its westward advance.
⭐️Personal comments NOVA:
Gold short term down around 2700 area, sideways and waiting for new economic policies of the trump administration
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2678 - $2676 SL $2671
TP1: $2685
TP2: $2693
TP3: $2700
🔥SELL GOLD zone: $2716 - $2718 SL $2723
TP1: $2710
TP2: $2700
TP3: $2690
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold Giving Amazing Bearish P.A , Short Valid To Get 500 Pips !We Have a very good bearish price action as i mentioned in the chart , and we have a very good touch for the trend line , also we have a very good rejection area , i`m targeting 500 pips in this setup , i will wait the price to go up a little before enter a sell trade to make my sl not too much .
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 at the Top of the ascending channel,a price correction?!As you can see in the gold chart, the price has reached the top of the ascending channel and at this point in the past of the market there is also a very important static resistance (around $2750) which can correct the price of gold in the short term.
#XAUUSD 1DAYXAUUSD (1D Timeframe) Analysis
Market Structure:
The price is testing a trendline resistance, which has consistently acted as a strong barrier to upward movements. Additionally, a sell engulfing candlestick pattern has formed in this area, indicating increased selling pressure and a potential reversal to the downside.
Forecast:
A sell opportunity is expected as the confluence of trendline resistance and the sell engulfing pattern signals a bearish shift in market sentiment.
Key Levels to Watch:
- Entry Zone: Near the trendline resistance or after confirmation of sustained bearish momentum.
- Risk Management:
- Stop Loss: Placed above the trendline resistance or the high of the engulfing candlestick to manage risk.
- Take Profit: Target the next key support levels or significant price zones below for potential downside movement.
Market Sentiment:
The combination of the trendline resistance and the sell engulfing pattern reflects a bearish outlook, with sellers likely to dominate if the resistance holds. Confirmation of continued selling pressure is recommended before entering the trade.
GOLD STRONG MOVEMENT UPWARD With golden strength, they rise,
Side by side, moving as one.
Each step a testament to resilience,
Each motion a symbol of unity.
The journey upward is fierce,
Yet the spirit remains unshaken.
Together, they defy the odds,
Holding firm, shining bright.
Golden and strong,
They embody the essence of perseverance.
The rhythm of movement,
A timeless dance of endurance and hope.
First attempt to short goldDear traders
Yesterday I consistently maintained that gold would reach the 2740-2750 target zone, and as expected, gold has now hit that target.Today, the plan was to buy gold again if it retraced to the 2715-2710 zone, but gold did not retrace to this area, so we didn’t get the opportunity to enter a long position.
Gold is clearly in a bullish trend, with strong upward momentum. However, since gold is currently near 2740, I am hesitant to enter a long position directly. I am cautious because if gold retraces from here, I could get trapped at high levels. I believe many market participants share my sentiment and are reluctant to buy gold at these elevated levels.For the market to increase liquidity or for gold to consolidate and accumulate more bullish momentum for a continuation of the upward trend, a short-term pullback is necessary.
Therefore, in the short term, I believe we can look to initiate a short position in the 2740-2750 zone, anticipating a corrective move in gold's price action.Bros, do you expect gold to retrace in the short term 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!
#XAUUSD 4HXAUUSD (4H Timeframe) Analysis
Market Structure:
The price has formed a sell engulfing candlestick pattern in a key resistance area, indicating a potential shift in market sentiment toward the downside. This bearish candlestick pattern reflects strong selling pressure overpowering buyers at this level.
Forecast:
A sell opportunity is anticipated as the sell engulfing pattern suggests further bearish momentum. The price may continue to move lower toward nearby support levels.
Key Levels to Watch:
- Entry Zone: Near the engulfing area after confirmation of sustained selling pressure.
- Risk Management:
- Stop Loss: Placed above the high of the engulfing candlestick to manage risk.
- Take Profit: Target the next support levels or significant price zones below for potential downside objectives.
Market Sentiment:
The sell engulfing pattern at a resistance level signals bearish sentiment, with sellers likely to maintain control in the short term. Proper confirmation is recommended before entering the trade to ensure alignment with market conditions.
Gold Price Analysis: Key Insights for Next Week Trading DecisionThe market is buzzing with mixed feelings as we approach Donald Trump's inauguration as US President-elect. Gold prices have retreated from a one-month peak, with some investors jumping on the opportunity to buy the US Dollar at perceived dips. Despite this, gold remains heavily influenced by the geopolitical and domestic political climate in the US. Recent inflation data, combined with comments from Fed Governor Waller, have put pressure on the Dollar, with traders betting on an earlier rate cut. Waller hinted at the possibility of a rate cut as soon as the March meeting, noting that inflation is nearing the Fed's 2% target. In this video, we explore how these developments could shape the gold market moving forward.
#GoldAnalysis #XAUUSD #GoldPrice #TrumpInauguration #USDIndex #InflationData #FedRateCuts #GoldTrading #ForexAnalysis #MarketTrends
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
GOLD (XAUUSD): pullback from resistanceThe sudden pullback to 2690 turned out to be the condition that the bulls were probably waiting for all along. The price rose to 2696 and is moving towards the resistance at 2702. The bullish bias is prevailing over the bearish signals. Buy zones to watch out for are 2676 and 2660. The target is the old peak zone of 2625 and 2750, which is the target level for all buy signals this week.
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According to the 1h analysis, I'm personally looking for a sellAccording to the 1h analysis, I'm personally looking for a selling opportunity from the resistance area.
But remember one thing if the price successfully closes above 2718.00, then stay away from selling. So don’t place any advance orders for now. Use good bearish confirmation for the entry.
XAU/USD | Gold Price Liquidity Grab Analysis Timeframe: 4H
Key Highlights:
1. Liquidity Zone (LIQ): A significant liquidity zone is identified at the $2,732 level, as marked by the purple box. Price action shows signs of a liquidity grab, evident from the sharp spike above the zone before reversing.
2. Breakout Confirmation: The breakout above the previous resistance suggests a bullish intent; however, the failure to sustain above $2,732 indicates a possible fakeout.
3. Short-term Support: The smaller purple zone ($2,696 - $2,703) now acts as immediate support, providing potential opportunities for buyers to re-enter.
4. Potential Downside Risk: A break below $2,696 could open doors for a deeper correction toward the $2,688 level, or possibly further down to $2,513 if bearish momentum increases.
Strategy Insights:
Buyers: Consider waiting for a confirmed retest of the $2,703 zone for a potential bounce. Tight stop-loss placement below $2,688 is recommended.
Sellers: Monitor for rejection around the $2,732 zone. A reversal signal here could provide a shorting opportunity targeting $2,688 or lower.
Outlook:
Gold remains volatile, and traders are advised to watch key levels closely. A decisive move beyond $2,732 with volume could indicate further upside to $2,800 and beyond. Conversely, sustained rejection at resistance and a break below support could confirm a bearish trend.
Risk management is critical—trade wisely!
Gold SIDEWAY and correction down next week✍️ NOVA hello everyone, Let's comment on gold price next week from 01/20/2025 - 01/24/2025
🔥 World situation:
Gold prices dipped late in the North American session but are still on track to end the week with gains of over 0.40%, as markets anticipate the inauguration of US President-elect Donald Trump. Currently trading at $2,701, down 0.44%, the yellow metal remains a preferred choice for investors amid political uncertainty.
Geopolitical tensions and US political developments continue to influence Gold’s performance. Despite steady mid-term US Treasury yields, Gold buyers were unable to drive prices higher for additional gains before the weekend.
🔥 Identify:
Gold hits large-frame resistance 2724, weakens and corrects short-term decline. Market awaits new economic policies of President Trump
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2724, $2748
Support : $2662, $2633
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold Sell limit orderHi Everyone
I think we can set an order in this level to sell gold.
Let's see what happens.
Please consider the risk management.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian