Xauusdupdates
Gold retracement to 2717Gold to retracement 2717 is the next step on xauusd, as dollar falls to euro going upwards and Au going a bit down in price in the market, maybe you can short even more Xaueur, not sure (cause I didn't make the analysis) at the spot (euro)
Gold going down, euro going up, and usd going down, be careful with the elections day
XAU/USD 4-8 November 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Analysis/bias remains the same as last week's 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 now significantly nearer to recent price action, marked by a blue dotted vertical line.
Following the bullish iBOS, a bearish pullback is anticipated. While price is currently giving very early signs of this by printing a higher high that has brought the CHoCH positioning closer, this is still an indication, not a confirmation of a potential pullback. The first more concrete signal of a pullback would be a bearish Change of Character (CHoCH).
Daily Chart:
H4 Analysis:
Analysis/bias remains the same as analysis dated 31 October 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS.
H4 Chart:
NFP Set to Rock Gold: Last Opportunity for a Well-Timed ShortMarket analysis: Brothers, today's gold market continues to be bearish! The short orders arranged before the release of yesterday's data have brought us a lot of benefits, and we have seized the lucrative profits of the decline in gold. Tonight, heavy data will be released one after another: the US October non-farm employment data, unemployment rate and ISM manufacturing PMI index will form a triple impact on the gold market.
These data are expected to put bearish pressure on gold, but considering the sharp drop the day before, today's downside may be limited because the market has partially digested the bad news. Therefore, today may be the last short-selling opportunity this week. Next week, with the landing of the US election, the market is expected to turn to favor gold.
So how to arrange it, you can look at the candlestick chart, 2756-2758 is currently an important pressure point, so the strategy before the data is released is to short the market near this pressure point!
Trading strategy:
Layout before data release: short in the key pressure area of gold
Take profit target: 2735-2740
Stop loss setting: 2770
Strategy ideas to follow the trend: As the last trading day of this week, we will arrange short orders before the data is released, and start to arrange long orders next week to follow the trend.
Detailed strategies and operation points have been released to each VIP member. If you need further guidance, please join the VIP group to get exclusive strategies!
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionAs we head into the new week, gold prices remain resilient, fueled by heightened Middle East tensions and U.S. election uncertainty that keeps investors seeking safe-haven assets. Despite dollar strength and recent rate cuts by the Federal Reserve, gold has surged over 32% this year, reflecting sustained demand in the face of global instability.
In this analysis, we cover critical areas for buyers and sellers alike, focusing on structural patterns, market psychology, and potential trade opportunities you won’t want to miss. Whether you're watching the price action or setting up entry points, these insights will equip you with a clear roadmap for the week ahead.
Will gold continue its strong performance, or could a new catalyst shift the trend?
📌 Stay tuned as we navigate the next big moves in the Gold market!
#goldprice #goldtrading #investing #commodities #marketanalysis #tradingstrategy #goldforecast #geopolitics #election2024 #safehaven #financialmarkets #forex #daytrading #swingtrading #middleeast #usdollar #economicuncertainty📺🔔💼
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- Where to sell for down continuationOver the past 10 days, I’ve consistently noted that OANDA:XAUUSD is primed for a significant drop, especially after its 2,000-pip gain over 20 days.
A strong correction is both healthy and expected.
Yesterday, after a brief new all-time high, Gold dropped sharply, declining roughly 600 pips from top to bottom.
Despite this correction, I believe there’s more downside potential ahead.
I’m planning to sell rallies, especially around the broken confluence support zone, where I’m watching for entry signals.
My overall target remains a drop below 2700, with 2690 as a strong support level to test.
Gold Market Outlook: Analyzing Buy Signals and ATH PossibilitiesA great purchase opportunity is indicated by our current market analysis , which shows a tested support level at 2735-2730 . Given these indicators, the market might hit a new all-time high (ATH) . My research suggests that XAUUSD is a good buy , especially as fundamentals imply that the dollar may depreciate , likely strengthening gold’s value. Additionally, we can expect selling pressure around the supply level of 2773-2780 ,
but I’m also confident that NFP (Non-Farm Payroll) shows a compelling buying opportunity .
A* boost would be greatly appreciated if you found this analysis useful; it’s always encouraging to know my observations are understood!
What Should You Do if You Hold Long Positions Between 2770-2750?Today, influenced by negative data, gold experienced a significant drop. After completing the take profit on my short positions, I entered long trades. I believe many of you are in a similar situation, holding long positions in the 2767-2730 range, which has led to our accounts being in a trapped state.
However, after such a large decline, a market rebound is inevitable. As long as we hold our positions firmly, we can at least expect a rebound to around 2760. Additionally, tomorrow's NFP data and unemployment rate will be released, along with several other minor data points that will certainly contribute to increased market volatility.
If the price rebounds to around 2760 before the data is published, then under negative data conditions, it is likely to drop again. However, if the price does not rebound to this level, gold will not drop too much under negative data, with 2721-2712 being an acceptable range.
In this context, next week's trading will definitely focus on long positions. So, if your orders are also in a trapped state, there’s no need to worry too much. The market always has its ups and downs; stay confident and seize the opportunities for a rebound. In the end, we will achieve better results.
GOLD NEW BUYING ZONE FOR A NEW ATH !!!HELLO TRADERS
As I can |Gold chart is still holding in uptrend after ATH it have to retrace and its opening of new moth that can grab some more liquidity from trend zone a make a massive move if geopolitical issues not solved even with TRUMP Gov which seems impossible as we can see Russia and north Korea both are pushing more in Ukraine and Iran also show that it have a great Defense Tecnology which is now an issue for Iseral fundamental are bad around the world and us economy also shrinking day by day Bricks Trade will give a big problem to $ incoming days technically FIBO GOLDEN VALUE 0.618AND 0.5 ALSO HAVE TO TEST and the uptrend line is another clue charts always talk it just need someone who can understand friends it's just a trade idea on daily based perdition not a financial advice make a proper analysis before taking any trade Stay Tuned for more updates
NFP Ahead: Targeted Short Strategy for Optimal GainsMarket Insight: Great work today on capturing profits with the short trade, everyone! My VIP members and I have made impressive gains. If you're interested in continuing to secure these returns, reach out to me directly—we’re setting up for a major strategic move.
With most key economic releases for the week showing bearish outcomes, tomorrow brings one more critical release: the U.S. October Non-Farm Payroll (NFP) report, which is highly likely to impact gold negatively. We’ll continue focusing on short positions for the remainder of this week. Looking ahead, however, as the U.S. election concludes next week, we anticipate a potential shift, at which point we’ll pivot to long strategies to capture possible upside momentum.
Current Gold Trading Strategy:
Entry Level: Short gold at 2740
Take-Profit Target: 2730
Stop-Loss: 2750
Exclusive Member Strategy Update: This strategy will only be shared once today. For tomorrow’s detailed NFP trading plan, I’ll be providing specific guidance exclusively to my VIP members. If you’d like to join and get access to tailored strategies, reach out now!
Gold- Where is the next 1k pips trade?As I've outlined in both written and video analyses on FOREXCOM:XAUUSD , I’m anticipating a substantial pullback in gold prices.
Let’s look at this objectively: just as trees don't grow to the sky, neither does Gold.
With a remarkable 2,000-pip rally over the last 20 days, the likelihood of a meaningful retracement is increasing.
Each new high reached only makes a sharper pullback more probable.
That said, I’m not rigidly fixed on one outlook.
In yesterday’s analysis, I noted that a new all-time high seemed highly probable.
Acting on this, I opened a small long position after observing a buildup consolidation just under the previous ATH, which I closed at 2770.
The key question now isn’t whether gold will start pulling back, but rather where that pullback will begin.
On the 1-hour chart, since the low near 2600 on October 10th, Gold has been trading within an ascending channel.
Each time the price touches the upper boundary of this channel, it has reversed back down. Based on this behavior, I anticipate a similar reaction if gold approaches or slightly exceeds 2800, and I plan to fade any move above that level.
In conclusion, for those looking at potential 1,000-pip opportunities, I believe the short side currently holds more promise. In the short term, a retracement toward 2700 seems more realistic than an extension to 2900.
P.S: Looking at previous times when Gold has made ATHs, the reversal from the top has been more than 1000 pips.
Data is approaching: Plan short-selling strategies in advanceMarket Analysis: With the upcoming release of the “U.S. Initial Jobless Claims for the week ending October 26” and the “U.S. Core PCE Price Index Year-on-Year for September,” we anticipate significant market volatility in gold. My personal forecast leans towards a bearish impact on gold prices, especially given the positive indicators from various economic data released in October. Thus, the likelihood of tonight’s data being bearish for gold is high. We can proactively establish a short position ahead of the data release.
Pre-Data Release Gold Trading Strategy:
Entry Range: Short gold between 2780-2782
Take-Profit Target: 2772
Stop-Loss: 2790
Risk Management and Operational Advice: Post-data release, if profits are realized, it’s advisable to take immediate profits, as the market may reverse following the data announcement. I will also provide subsequent trading strategies after the data is released, so please stay tuned for updates to adapt your trading approach.
XAUUSD: Wait for a drop before rising, target 2800Yesterday, Wednesday, the United States released the October "small non-farm" data. The ADP employment in October recorded 233,000, the largest increase since July 2023. These figures are contrary to expectations of economic slowdown after the Boeing employee strike in October and the two brutal hurricanes and attacks on the US East Coast ports.
The subsequent release of the US third quarter real GDP annualized growth rate recorded 2.8%, lower than the expected and previous value of 3%. Consumer spending, which accounts for the largest share of economic activity, increased by 3.7%, the largest increase since the beginning of 2023. At the same time, data from the US Bureau of Economic Analysis showed that the initial value of the annualized quarterly rate of the core PCE price index in the third quarter of the United States rose by 2.2%, roughly in line with the Fed's goals.
Spot gold continued to hit a record high, hitting the $2,790 mark during the day, but failed to get above this level.
From the current point of view, 2,790 is very likely not the high point of gold, but the risk of retracement also needs to be considered.
Therefore, we can't blindly be bullish, but need to wait for a retracement before considering buying
XAUUSD: 31/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2739
Four-hour resistance 2800, support below 2772
Gold operation suggestions:
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2772 line. Focus on the previous daily level suppression to the current support 2740 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
BUY:2772near SL:2769
BUY:2750near SL:2747
BUY:2740near SL:2737
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
XAU/USD 31 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
In yesterday’s intraday analysis, I mentioned that technically, price was expected to react at the internal 50% EQ discount to target the weak internal high. However, there was also potential for a bearish iBOS, which is exactly what unfolded.
Price has made multiple attempts to breach the strong internal high at 2,789.855 but has yet to succeed, leaving it intact.
Intraday Expectation: Price has reacted from the H4 supply zone. Technically, price is now expected to target the weak internal low at 2,770.925.
Note: Price remains highly volatile due to ongoing geopolitical tensions and the Fed’s dovish stance.
M15 Chart:
Gold : Leveraging Double Top Pattern and Support AnalysisToday, I shared a short strategy, selling in the 2787-2791 range, with a target set at 2783-2779 and a stop loss at 2792. This is a smaller range signal.
The reason for the sell signal is the double top pattern observed on the 30-minute chart, along with the break of MA5 and MA10. I see this as a solid selling opportunity, with the main target being MA60. During the New York session yesterday, gold found support at MA60 twice, with long lower wicks, indicating strong support. Typically, longer upper wicks suggest stronger resistance, while longer lower wicks indicate stronger support.
I hope this trading tip helps everyone—don’t forget to accumulate your knowledge!
Strategic Short Positioning at ResistanceAnalysis: Today’s U.S. ADP employment data revealed a significant downside surprise, typically bearish for gold. However, gold prices have held steady, underscoring the strong fundamental support from factors such as geopolitical tensions and the lack of selling pressure. The market's reluctance to react sharply suggests the path of least resistance for gold remains upward. Despite this, gold sits at elevated levels, and while today’s data may not have triggered an immediate reaction, there’s an expectation of selling pressure as the U.S. trading session opens. Thus, our strategy focuses on initiating short positions to capitalize on potential pullbacks.
Trade Strategy:
Entry: Short gold between 2778-2780
Take-Profit Target: 2770
Mindset: Remain confident in the short strategy, stay composed, and await the gradual absorption of bearish data. Execute with discipline to optimize returns.
GOLD Moves: Key Levels to Watch TodayGOLD Analysis Overview
Current Market Levels:
The market is expected to sell off from the zone of 2780-2785.
A potential buy opportunity may arise from the zone of 2760-2755.
Intraday Trading Strategy:
Sell Zone: Monitor price action around 2780-2785 for potential short positions.
Buy Zone: Look for bullish signals around 2760-2755 for potential long entries.
Key Economic Indicator:
Non-Farm Payroll (NFP) Release: Scheduled for this Friday, which may significantly impact market volatility. Stay alert for potential price swings surrounding the announcement.
Trading Considerations:
Be cautious and prepare for increased volatility as NFP data is released.
Implement proper risk management strategies to mitigate potential losses.
Conclusion: If you find this analysis valuable, consider sharing it with your trading community to enhance collaborative insights.
XAU/USD 30 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally continues, driven by the Fed’s dovish tone and escalating geopolitical tensions, further reinforcing its safe-haven appeal.
Price has printed a bullish iBOS, positioning it within an internal low and a fractal high, with the bearish CHoCH level denoted by a blue dotted line.
Intraday Expectation: Since the internal range has yet to establish, I’ll remain on standby for now.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
As noted in the weekly analysis from 27 October 2024, the daily timeframe’s CHoCH positioning was distant, making it likely for both H4 and M15 to print bullish iBOS, which has since materialised.
Price has now printed two bullish iBOS' within a significantly narrowed internal range, and we’re currently trading between an internal low and a fractal high, with CHoCH positioning marked by a blue dotted line.
Intraday Expectation: Technically, price is expected to react at the internal 50% EQ discount to target the weak internal high. However, a bearish iBOS is also plausible.
As emphasised before, price remains highly volatile due to ongoing geopolitical tensions and the Fed’s softer stance.
M15 Chart:
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.