#xauusd #elliottwave short sell setup 6Dec24 wave c / 3This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Xauusdshort
XAU ! Scalping sideway zone below 2650SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Expectations for rate cuts remained largely unchanged after the US Department of Labor (DoL) reported that Initial Jobless Claims increased to 224K for the week ending November 29, up from the previous week's 215K. Meanwhile, the benchmark 10-year US Treasury yield remains near its lowest point since October 22, keeping the US Dollar subdued at multi-week lows and providing added support for the precious metal.
⭐️Personal comments NOVA:
Scalping the sideway price range of the European Friday session (2633 - 2650). The main trend is still down, SELL SIGNAL
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2650 - $2652 SL $2655 scalping
TP1: $2645
TP2: $2640
TP3: $2630
⭐️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
NFP market trading strategyFrom the data, the previous value is 1.2 (million), and the forecast value is 20 (million). From the current expectations, the non-agricultural employment population data may continue to rise sharply, which is bearish for gold; if the data is revised for the previous value, it may bring greater pressure to the gold market; gold fell to around 2613 overnight, and it is not ruled out that institutions are running ahead of the NFP market. If gold in the NFP market continues to fall sharply, it will also harvest most of the funds chasing the rise;
From the chart, gold is currently in a volatile pattern, but from the perspective of rebounding and falling back many times, it faces multiple resistances above, first facing resistance in the 2655-2665 area, and secondly facing resistance in the 2675-2685 area. So it is actually difficult for gold to break upward at the technical level; and today is Friday, the gold market closes the weekly line. From the weekly level, gold still has room to continue to fall, so once gold falls in the NFP market, it is likely to test the 2605-2600 area support; it may even test the 2580-2560 area.
So, today’s NFP market trading strategy:
1. Set the price limit to sell gold at 2658-2662. If it exceeds 2666, the short position will be abandoned;
2. Wait for the data to be released and then follow the gold fluctuations to choose an opportunity to short gold;
Bros, are you ready to participate in the NFP market? 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 Gold price struggles to capitalize on its goodish intraday bounce from a one-and-half-week low touched earlier this Friday, though it manages to hold above $2,630. Investors refrain from taking large positions ahead of the November jobs report from the US.
From a technical perspective, an intraday breakdown below the 100-period Simple Moving Average (SMA) on the 4-hour chart and a short-term trading range support near the $2,633-2,632 area was seen as a key trigger for bearish traders. The subsequent swift recovery, however, warrants some caution before positioning for any further losses. Meanwhile, any further move up is likely to confront some resistance near the $2,649 region ahead of the $2,655 supply zone. Some follow-through buying beyond last Friday's swing high, around the $2,666 area will shift the bias in favor of bulls and allow the Gold price to reclaim the $2,700 mark.On the flip side, the Asian session low, around the $2,614-2,613 region, now seems to act as immediate strong support ahead of the $2,605-2,600 area. This is followed by the 100-day SMA, currently around the $2,583 zone, below which the Gold price could slide to the November monthly swing low, around the $2,537-2,536 area. The downward trajectory could extend further and eventually drag the XAU/USD to the $2,500 psychological mark
GOLD Under Pressure! SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2650.4 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2643.9
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
NF - Witness the clear trend! below $2600⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The upcoming US jobs report will play a crucial role in shaping the Federal Reserve's (Fed) monetary policy decision later this month, influencing the US Dollar (USD) and impacting Gold prices. Meanwhile, optimism that the Fed will approach rate cuts cautiously, amid concerns that President-elect Donald Trump's policies may spur inflation, continues to weigh on XAU/USD.
⭐️Personal comments NOVA:
Price dispute: bulls and bears are strong in the Asian session, NF will legitimize the price with a strong discount, personal opinion based on the economic context at the end of 2024
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2687 - $2689 SL $2694
TP1: $2675
TP2: $2660
TP3: $2650
🔥SELL GOLD zone: $2655 - $2657 SL $2660 scalping ( Applies to the Asia-Europe session )
TP1: $2648
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2587 - $2585 SL $2580
TP1: $2592
TP2: $2600
TP3: $2610
⭐️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 Short: Capitalizing on Sunday Open RejectionGold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade setup focuses on targeting the lower support levels in the $2,610-$2,600 zone while maintaining a disciplined approach to risk management.
Technical Analysis:
Daily Chart:
• Price struggles below the mildly bearish 20 SMA.
• Both 100 and 200 SMAs maintain their bearish slopes, confirming the downtrend.
• Momentum indicators remain neutral, supporting the absence of bullish reversal signs.
4-Hour Chart:
• XAU/USD trades below the flat 20 SMA while hovering near a directionless 100 SMA.
• The 200 SMA around $2,690 acts as dynamic resistance, pushing prices lower.
• Indicators are aligned with bearish momentum, suggesting further downside.
• Support Levels: $2,626.70, $2,611.35, $2,598.70
• Resistance Levels: $2,643.30, $2,655.00, $2,671.55
Fundamental Analysis:
The US Dollar’s strength continues to weigh on Gold prices, driven by robust macroeconomic data:
• ISM Manufacturing PMI: Revised upward to 49.7, better than expected, supporting USD strength.
• Wall Street Sentiment: Mixed trading as geopolitical tensions between the US and Russia persist.
• Upcoming Events: Markets anticipate key US employment data, particularly the Nonfarm Payrolls (NFP) report on Friday, which could bring additional volatility to XAU/USD.
Trade Management:
• Entry near $2,645 with clear rejection signals.
• Stop Loss: Placed above $2,659 to manage risk efficiently.
• Targets: Initial take profit at $2,622, with a potential extension to $2,610.
• Risk Management: Adhering to the bearish trend, the trade will be closely monitored, especially as the US Nonfarm Payrolls data approaches.
• Risk Management: Trail stops as price moves lower. Monitor market reactions closely, especially around major support and resistance zones, and adapt as Nonfarm Payrolls approach.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Sell gold around 2640, with a target price of 2615.Trade Setup at 2640
Sell Entry: If you're not already in, this is a good price to sell, as the bearish trend remains intact.
Target: 2615
This offers a 25-point potential move downward.
Stop Loss: Place it at 2648–2650 to minimize risk if there’s a reversal.
#XAUUSD 1HXAUUSD Analysis (1H Timeframe)
A potential selling opportunity is anticipated near the resistance zone at 2650.00–2646.00, which appears to be a favorable area for sellers.
Target Levels:
2624.
2614.
2606.
Important Note:
If the price closes above 2656.00, refrain from entering sell positions, as this could signal further upside potential.
It is advised to avoid placing pending orders at this time. Instead, wait for clear bearish confirmations before executing a trade.
Trade wisely!
#XAUUSD 4HXAUUSD Analysis (4H Timeframe)
The price is currently consolidating, presenting a potential selling opportunity near the resistance zone of 2652.00–2648.00.
Suggested Targets:
2606.00
2581.00
2555.92
Important Note:
If the price closes above 2655.00, avoid initiating sell positions, as this could indicate a bullish continuation toward 2720.
At this stage, it is recommended to avoid placing pending orders. Wait for strong bearish confirmations before entering a trade.
Wishing you successful trading!
EASIET GAMBLE OF MY LIFESHORT IDEA ON XAUUSD
Just kidding, nobody can see the future and this is purely based on many confluences that i think go well together. Here goes nothing.
Asian buyside liquids XAUUSD: Monitoring the intricate shifts in Asian session buyside liquidity, where significant institutional orders and demand zones shape potential bullish trajectories, offering crucial insights into gold's price action and market structure.
Mainly short gold, but there is still an opportunity to go long.Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area;
But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580.
Trading strategy:
1. Short gold with 2630-2635 area as resistance;
2. Try to long gold with 2610-2600 area as support (only try once)
3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area
Bros, how are you going to trade 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!
XAUUSD GOLD Scalp / Day Trade Idea👀 👉 In this video, we analyze the 4-hour chart, highlighting a clear break of structure with evident lower lows and lower highs. While my bias leans toward a short opportunity, we explore both scenarios: a potential long opportunity if the price breaks upward, and a possible short opportunity if it breaks downward. As always, this is not financial advice. 📈
Gold trading zones: 06-Dec-2024Today’s Gold trading zones: For educational purposes only, use at your own risk.
SIDEWAY - big changes are waiting ahead ! XAU ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) edges lower during Thursday's Asian session but remains within its recent trading range as mixed signals keep traders cautious. Hawkish comments from FOMC members, including Federal Reserve (Fed) Chair Jerome Powell, have reinforced expectations that the Fed will adopt a cautious approach to rate cuts. This has led to a modest rebound in US Treasury bond yields from their lowest levels in over a month, putting pressure on the non-yielding gold price.
⭐️Personal comments NOVA:
Unemployment news today - gold price will continue sideways waiting for NF data tomorrow, price range 2605; 2665 will be noticed in the sideway price zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2665 - $2667 SL $2672
TP1: $2655
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2622 - $2624 SL $2617
TP1: $2630
TP2: $2640
TP3: $2650
⭐️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 Short Scenario for NFPGold prices dropped by $25 on Thursday, December 4, breaking below the consolidation zone. It's common for gold to test both the highs and lows of consolidation areas ahead of major data releases. I view this decline as a potential manipulation of the lows, anticipating a rebound toward the 2658 level to target the highs before a stronger sell-off resumes after the data release.
Alternatively, the price might extend this manipulation phase further, reaching the 2675-2680 level, where the H4 order block aligns with the upper boundary of the descending channel.
1st Scenario
Short Entry: 2658
Stop Loss: 2663
2nd Scenario:
Short Entry: 2675
Stop Loss: 2690
Targets: 2622 > 2605 > 2589 > 2560 >...>2430
Gold Market Analysis 12/06Gold began to rebound after falling to around 2623. Since the 2635 support has been broken, it has now turned into resistance. Therefore, during the rebound, the first resistance to watch is 2635, followed by 2643. This was the highest point reached during the rebound after the price fell to 2635 today, making it an important resistance level. The next key resistance zone is the 2652-2657 area, where the price has recently encountered resistance.
Since tomorrow’s NFP data could have a significant market impact, if the data is bullish, it’s quite possible that gold will rise back above 2650. However, if the data is bearish, the optimal level to consider for support would be around 2608.
The prolonged period of consolidation has trapped many positions during today’s downturn, creating significant selling pressure. Therefore, it’s important to be cautious during trading and avoid blindly chasing prices higher.
This is an ideal market outlook based on current conditions, but always remember that the market is constantly changing. While you can use this analysis as a reference, it’s important to remain flexible during your trades. Don’t stick to rigid strategies—adjust as the market evolves. If you have any doubts or need further guidance, feel free to reach out to me directly. I’m here to help with personalized advice!
Gold Market Analysis 12/05Yesterday, gold faced resistance near 2657 and pulled back. Now, 2652 is acting as resistance again. If it doesn’t break through, gold may test the support around 2635 again. If that level breaks, the next support zone is between 2628-2623. However, if it breaks above 2657 and holds, gold could rise towards the 2666 resistance level.
I recommend trading around these key levels today. With Initial Jobless Claims data coming out, if the market has already chosen a direction before the release, you can trade in the opposite direction based on the trend. This may lead to unexpected profits
XAU SCALPING ! Resistance 2655 SELL sideway zone SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Anticipation of a less dovish Federal Reserve (Fed) has sparked a slight rebound in US Treasury bond yields, limiting gains for the non-yielding Gold price. Remarks from several FOMC members, including Fed Chair Jerome Powell on Wednesday, indicate the Fed is likely to proceed cautiously with rate cuts. This encourages traders to exercise caution before making significant moves on XAU/USD, as attention shifts to the upcoming US Nonfarm Payrolls (NFP) report on Friday.
⭐️Personal comments NOVA:
Gold price is still as predicted SIDEWAY, waiting for resistance at 2655 can SELL SCALPING M30
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2654 - $2656 SL $2659 scalping
TP1: $2650
TP2: $2645
TP3: $2640
⭐️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 Updatethis pair is forming a triangle with a valid blue trendline with 3 touches and now we're waiting the market to hit the red trendline with the third touch to make it valid and then we will be waiting for a breakout to enter a sell or buy position
follow us for more updates
Gold Analysis ==>>Expanding Triangle Pattern!!!Gold ( OANDA:XAUUSD )is entering the Resistance zone($2,667-$2,653) .
From the point of view of Classical Technical Analysis , Gold seems to be moving in the Expanding Triangle Pattern during the last 3 days .
In terms of Elliott wave theory , Gold appears to be completing a Zigzag Correction(ABC) . ( Wave B(WXY) was complicated ).
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to drop to at least $2,642 , and if the Support lines(1,2) break, the Heavy Support zone($2,642-$2,620) can also break.
⚠️Note: You can enter a Short position by considering capital management after finding a trigger near the resistance lines or after breaking the Support zone($2,652-$2,648).⚠️
⚠️Note: However, the next few hours(6:45 pm UTC) of Fed Chair Powell's Speech will greatly impact the Gold trend.⚠️
⚠️Note: If the Resistance lines(upper line of triangle) and the Resistance zone($2,667-$2,653) are broken, we should wait for the Gold pump.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute 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.
Execute gold trading by selling high and buying lowBros, gold has been fluctuating in the 2645-2655 area most of the time today, with only a fluctuation space of $10. To be honest, it is not easy to participate in trading except for scalping. At present, gold has rebounded to around 2650 again. Gold is still in a narrow range of fluctuations as a whole. Gold may use the NFP market to break the box range, thus showing continuity.
So before the NFP market, we can still treat the market with shock in trading. Then the first thing to pay attention to above is the resistance of the 2655-2660 area, and the first thing to pay attention to below is the resistance of the 2640-2630 area. Before breaking the box range, we can rely on the support and resistance areas to sell high and buy low.
Trading strategy:
1. Using the 2655-2660 area as resistance, try to short gold;
2. Using the 2640-2630 area as support, try to long gold;
Bros, do you know how to correctly grasp the trading rhythm of 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!
