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Xauusdtrend

Short gold, TP:2660-2650Bros, gold has risen sharply under the support of risk aversion, and is currently near 2672. Although gold continues to rise in a cycle, it has not yet effectively broken through the 2675-2680 area. When facing this area, gold is expected to have a round of technical retracement. It is very difficult to chase the rise of gold at present, and there is no good position to participate in long gold, so at least wait until gold falls back to the 2660-2650 area before there is a better position to participate in gold long transactions. Obviously, before gold breaks through the 2675-2680 area, I will try to short gold first; after gold falls back to the 2660-2650 area in the short term, I will consider going long on gold!
OANDA:XAUUSDShort
by Trader_Marvin
XAUUSD: Monitor Support Levels at 2673-2667Gold has dropped significantly! Last week, I advised everyone to hold their short positions over the weekend, and now we’re seeing substantial profits. Congratulations to all who followed the strategy signals—you’ve just secured your first big win of the week! Gold is experiencing rapid fluctuations, offering traders a prime opportunity to make strategic entries! Today, the key support lies between 2673-2667—if this support holds, a strong rebound is highly likely! Keep an eye on resistance at 2687-2692; breaking above this level could lead to further upside. However, if support fails, prices may retest the previous low around 2652. For those looking to capitalize on this wave, stay alert to these key levels
OANDA:XAUUSDShort
by Mia-Signal
XAU/USD 11-15 November 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Analysis/bias remains the same as analysis dated 27 October 2024 Price has continued its surge, reaching new all-time highs with no signs yet of bearish pullback phase initiation. The initial indication of a pullback would be a bearish Change of Character (CHoCH), marked by a blue dotted line. Price's ongoing ascent has now positioned CHoCH significantly closer to most recent price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold's price has maintained its upward surge after printing a bullish Internal Break of Structure (iBOS), fueled by softer U.S. macroeconomic data and intensified geopolitical tensions. In my weekly analysis dated 27 October 2024, I mentioned that price could potentially reach new highs, moving the bearish CHoCH positioning closer to current price. This shift would create a realistic opportunity for price to indicate the start of a bearish pullback phase. This forecast played out as expected, with CHoCH positioning repositioned significantly nearer to recent price action subsequently printing a bearish CHOCH. Price is now trading within an established internal range. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/Intraday expectation remains the same as analysis dated 08 November 2024. Price has now printed a bullish CHoCH indicating bullish pullback phase initiation. Price has reacted from premium of 50% established internal range. Intraday Expectation: Price is expected to weak internal low priced at 2,643.355 Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: Continue to Monitor Resistance at 2712-2720During the Asian and European sessions today, gold pulled back as it approached key resistance levels, and is currently near a support zone. Based on the current price structure, the support appears relatively strong, suggesting a potential for a rebound in the short term. If the support remains intact over the next hour, the price could rise again, with focus shifting to the resistance zone around 2712-2720. However, if the support is broken, there is a possibility that the price may test the previous lows again. In this case, the formation of a "W" reversal pattern should be monitored, as it could signal a significant rebound opportunity.
OANDA:XAUUSDLong
by Mia-Signal
XAUUSD: The Rebound Is Not Over YetDue to the impact of the news, gold prices have fallen significantly. When gold prices approached around 2660, I suggested buying within the 2660-2652 range to capture the rebound after the sharp drop. The first wave of the rebound reached a high of around 2678, with a gain of over $20, and those who followed the signal made very decent profits. Currently, gold prices are oscillating in the bottom range, with volatility gradually decreasing. However, the rebound has not ended yet, and there is still room to buy. This rebound should at least push prices above 2680. Tomorrow, we have the interest rate decision, and the market widely expects a 25 basis point rate cut. After today’s drop, gold should not see much more downside in the short term. Therefore, tomorrow’s trading should focus on buying at lower levels. The first key support levels to watch are the 2652-2648 range, followed by around 2639. Overall, the current market environment still holds opportunities, but it's crucial to stay flexible and adjust strategies according to market movements. Patience and risk management will be the keys to successful trading.
OANDA:XAUUSDLong
by Mia-Signal
Going Long on Gold During the Election PeriodTomorrow, gold is expected to experience significant volatility, as market sentiment may be influenced by a range of events, particularly the outcome of the elections. Based on the current technical setup, my plan is to maintain a bullish bias in the short term, especially if gold continues its upward trend. However, if the election results turn out to be unfavorable for the bulls and the market reverses, I will add short positions to my existing bullish trades to capitalize on potential downside risks. I will closely monitor price movements and adjust my strategy based on market reactions. Additionally, after the end of this week, given the increasing market uncertainty, my focus will shift to short positions, with the aim of targeting the 2686-2652 range. This area is likely to provide strong support and will be an important level to watch.
OANDA:XAUUSDLong
by Mia-Signal
Gold : When Could the Next Surge or Trend Begin...?At present, gold is experiencing a range-bound market, with the upper resistance level identified at approximately $2,754 and the lower support level around $2,710. This price consolidation indicates a period of indecision among traders, as they assess various economic factors and market dynamics. It is anticipated that a breakout from this range could occur soon, likely favoring an upward movement given the current market sentiment. This phase of consolidation is generally viewed as a positive development, as it allows for the accumulation of strength and provides a solid foundation for a potential new trend. Once a breakout occurs—whether to the upside or downside—it could signal a shift in market momentum, possibly leading to increased volatility and trading opportunities. Observing this range will be essential for traders looking to make informed decisions about entering or exiting positions in the gold market.
CAPITALCOM:GOLD
by Kartik_Elkunchwar
XAUUSD: Can Gold Return to 2780?On Friday, gold prices experienced a slight decline, mainly under the pressure of a stronger dollar and rising U.S. Treasury yields. However, weaker-than-expected U.S. job growth fueled market speculation for a Fed rate cut, cushioning gold’s decline. In October, due to hurricane disruptions and an aerospace industry strike, U.S. nonfarm payrolls saw a modest gain of just 12,000 jobs, marking the smallest increase since December 2020. Although the dollar initially retreated, it closed up 0.4%, and the benchmark 10-year Treasury yield rebounded from early losses, diminishing the appeal of non-yielding gold. Gold prices returned to the support zone, aligning with prior predictions. Current chart patterns suggest a potential “W” bottom, signaling bullish prospects, with short-term indicators pointing to a likely upward move. However, a mid-term bottom pattern has yet to form, and bulls should watch for resistance around 2750 in Monday’s trading, as a retest of support remains possible. With the U.S. election approaching and reports of a potential retaliatory move by Iran against Israel, multiple uncertainties hover over the market. Coupled with a lackluster jobs report, many analysts now see a near 100% probability of a 25-basis-point Fed rate cut next week. While rate cut expectations might bolster gold bulls, this scenario could already be priced in, meaning gold prices may potentially drop in response to the rate decision. Ahead of this, the U.S. election on Tuesday and initial jobless claims on Thursday will be key factors influencing gold. In summary, a turbulent week lies ahead for gold, with investors encouraged to remain vigilant and approach trades with caution.
OANDA:XAUUSDLong
by Mia-Signal
XAUUSD: Head And Shoulders, Continue To SellYesterday, after experiencing a rebound, gold faced resistance again and pulled back, which is largely in line with our expectations, allowing everyone to achieve good profits. Currently, the short-term trend remains downward. As I mentioned yesterday, we are primarily watching the key support zone between 2718 and 2712. Today, gold touched this support area again and rebounded, but it did not break through the resistance of the downward trend. Therefore, our trading strategy continues to focus on selling. At the same time, we should closely monitor the performance of the support zone. If this support is effectively breached, I believe the subsequent decline could be significant, and breaking below 2700 is likely, with an expectation to reach below 2690. This encapsulates my main trading thoughts for the near future.
OANDA:XAUUSDShort
by Mia-Signal
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.
OANDA:XAUUSDShort
by Mia-Signal
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!
FOREXCOM:XAUUSDShort
by Wealth_Waves
XAU/USD "GOLD" Market Money Heist Plan on Bearish SideHallo My Dear Robbers / Money Makers & Losers, 🤑💰 This is our master plan to Heist XAU/USD "GOLD" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss 🛑: Recent Swing High using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
PEPPERSTONE:XAUUSDShort
by Thief_Trader
Gold Trading Strategy: A Professional Approach to XAUUSD 👀 👉 This comprehensive video presents a sophisticated trading plan for the XAUUSD (Gold/US Dollar) market, designed to maximize profitability through a structured approach. We delve into crucial aspects of technical analysis and leverage TradingView's advanced tools to gain a competitive edge in the markets. Key topics covered include: 1. Trend identification and analysis 2. Entry and exit criteria 3. Market overextension assessment 4. Discount entry strategies aligned with institutional positioning 5. Higher timeframe trend analysis combined with 4-hour chart entry points 6. Price action and market structure interpretation Our methodology emphasizes the importance of avoiding premium entries in bullish markets and instead focuses on identifying optimal discount entry opportunities. By aligning our strategy with institutional movements, we aim to enhance the probability of successful trades. The video provides a detailed exploration of various technical analysis components, including: - Trend analysis techniques - Market structure interpretation - Price action patterns - Overextension indicators - Traded Volume indicators - Multi-timeframe analysis (higher timeframe trend combined with 4-hour chart entries) This comprehensive approach to XAUUSD trading is designed to equip traders with the tools and knowledge necessary to navigate the gold market effectively and potentially increase their trading success. Disclaimer: Trading in financial markets carries a high level of risk and may not be suitable for all investors. The information provided in this video is for educational purposes only and should not be construed as financial advice. Past performance is not indicative of future results. Always conduct your own research and consider your financial situation before making any investment decisions. Trade responsibly and use proper risk management techniques. 📉✅
Editors' picks
FX:XAUUSDEducation
by tradingwithanthony
17
Are you ready to short gold?Gold rose to 2520 as expected, even higher than I expected, and once reached around 2529. However, the highlight of the gold market today is the CPI data. To be honest, for the current gold market, I don't recommend chasing gold any further. Even if gold rises to the 2530-2535 area, I don't recommend chasing gold any further. Because the market expects the Fed to cut interest rates this month, but there are still differences on whether to cut interest rates by 25 basis points or 50 basis points. Once the market expects a 25 basis point cut, gold will continue to fall; even if the market expects the Fed to cut interest rates by 50 basis points, I think it will be difficult for gold to rise sharply based on CPI data alone, because if gold rises sharply based on a single CPI data, it will compress the room for growth of the interest rate decision on September 19, so even if the CPI data is bullish for gold, the room for gold to rise will be compressed, and gold is likely to rise first and then fall. So in terms of trading, I don't recommend chasing gold for the time being. On the contrary, if gold approaches the 2530-2535 area, I think you can start to short gold boldly! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by Trading-Hawkeye