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Hedging Price Risk in Silver in a Pivotal Week This is a big week for financial markets, a long-anticipated election in the US is likely to have widely varying impacts across major asset classes. Safe haven assets such as silver stand to benefit from the uncertainty. There is also an FOMC meeting scheduled on 7/Nov (Thu) where the Fed is widely expected to cut rates by 25 basis points. A lower rate environment also serves as tailwind for silver. Finally, the Chinese parliament is expected to announce details of fiscal stimulus on 8/Nov (Fri). Fiscal stimulus in China also stands to benefit silver through higher investment demand as well as industrial demand. In what should fundamentally be a strong week for silver, prices have entered the week on a bearish note following a 3.4% decline last week. While fundamental outlook for Silver remains bullish, this eventful week may drive unwanted volatility. Indeed markets are expecting large moves in silver prices with silver options IV near a 1-year high. Source: CME Group CVOL Investors can strategically deploy CME silver weekly options along with a long position in silver to capitalize on the fundamental increase while remaining protected against volatility. BULLISH FUNDAMENTAL OUTLOOK FOR SILVER Mint Finance covered some of silver’s bullish fundamental drivers in a previous paper . In brief, robust growth from the photovoltaic (PV) sector is driving high demand. PV installations are surging, with global solar installations up 29% year-over-year, driven by aggressive climate policies and energy transition goals. This increase has directly boosted silver consumption, essential for PV production. At the same time, silver markets have stayed in a supply deficit for the past four years. Silver miners have struggled to keep pace with the rapidly increasing industrial demand. China’s massive stimulus package—its largest since the pandemic—also plays a crucial role, freeing up liquidity to revitalize its struggling economy. This stimulus supports sectors like PV and electronics, key industries for silver usage, while bolstering consumer confidence, which translates into heightened demand for silver in electronics and jewellery. Investment demand for silver has started to pick up pace. Since July, U.S.-listed silver ETFs have seen over $942 million in inflows, particularly after the Fed’s rate cuts, which makes non-yielding assets like silver more attractive. HIGHER SILVER JEWELLERY DEMAND IN INDIA The recent festival season in India saw high demand for silver as buyers opted for it over gold. Silver sales by volume are expected to have increased 30-35% YoY while gold sales fell by 15% according to data from the Indian Bullion & Jewellers Association. Rising investor interest in silver is partly due to its relative affordability compared to gold, which is trading at an all-time high. While high gold prices are dampening demand, especially for physical gold and jewellery, silver remains more accessible, supporting increased investment. Rising investment demand, particularly for jewellery, risks pushing silver further into deficit. While jewellery demand for silver had been modest in recent years, 2022 saw a significant increase. According to the Silver Institute, jewellery demand is projected to grow by 4% in 2024 (but below 2022 levels), with actual demand potentially exceeding this due to the strong seasonal trend. Increased demand would further tighten silver supplies, likely driving prices higher over the next year. UPCOMING FOMC MEETING AND CHINA STIMULUS TO DRIVE SENTIMENT China’s parliament has started it five-day meeting on 4/Nov (Mon) and is expected to announce the details of the fiscal support on 8/Nov (Fri). Analysts suggest the fiscal plan could reach 10 trillion yuan ($1.4 trillion), with most funds likely allocated to refinancing local government debt. A substantial fiscal stimulus plan is likely to support silver prices. Recent economic data from China has also shown a recovering industrial sector as China’s manufacturing PMI rose from 49.8 to 50.1 in Oct as the manufacturing sector shifted into expansion after 5 months of contraction. In case the trend continues, stronger industrial demand also stands to push silver prices higher. SILVER IN THE MIDST OF CORRECTION DURING UPTREND Silver continued its bullish momentum from September into October but has corrected sharply over the past week. During the rally earlier this year, when silver prices corrected, they were able to find support at the 38.2% and 61.8% Fibonacci levels. With Silver presently just above the 38.2% level, it may find support here. Silver’s performance in the past two months has closely aligned with monthly pivot points. In both September and October, prices tested these pivot levels before moving higher. However, recent tests have shown smaller deviations from the pivot compared to prior months, suggesting that volatility could push prices slightly lower during this month’s test. There is strong reason to believe that the general bullish trend is likely to continue into next year. According to a poll at the LBMA precious metal conference, delegates expect silver prices to rise to USD 45/oz over 2025, reflecting a 37% increase from present levels. Precious metal analysts were highly optimistic about silver, stating that higher industrial demand combined with continued supply deficit was likely to drive strong gains. SEASONALITY SUGGESTS POTENTIAL FOR LARGE GAINS IN NOVEMBER Silver prices closed out October with a 4.6% increase but are currently nearly flat for November. Historically, November has been a mixed month for silver, with an average price increase of 1.88% since 2000, though with high standard deviation. Notably, only 42% of Novembers have shown positive gains. Despite this variability, past performance shows periods where silver either consistently declined or consistently rallied over multiple Novembers. Over the last two years, November has seen significant growth in silver prices; if this recent trend persists, silver could experience strong gains this month. SILVER’S PERFORMANCE AROUND ELECTIONS Certain safe haven and risk assets (gold, silver, BTC) stand to benefit from a Trump presidency. Historically, elections have impacted silver prices in varying ways. Following the Trump victory, silver stands to benefit. Looking at silver’s historical performance in the two weeks following elections since 1980, prices increased by an average of 0.7% when a Republican replaced a Democrat president. The Democrat-to-Republican shift has led to price rallies in two-thirds of cases. SILVER’S PERFORMANCE AROUND FOMC MEETINGS As mentioned, lower rates have a positive impact on non-yielding investment assets such as silver while also boosting industrial demand during periods with loose monetary policy. During the Fed easing cycles in 2001, 2007, and 2019, silver reacted positively to Fed rate cuts in 68% of cases (performance measured 1 week after FOMC meeting with monetary easing) with an average of 0.9% appreciation on the CME Silver front month contract. Source: CME FedWatch CME FedWatch tool is suggesting that a 25-basis point rate cut is most likely at the upcoming meeting on 7/Nov with a probability of 98%. As the outcome is largely anticipated, the impact of the meeting on silver prices may be minimal. HYPOTHETICAL TRADE SETUP Silver remains bullish with strong fundamental drivers including the rapid growth in the PV industry and strong investment demand. This week, several major events are expected to drive significant volatility in the silver market. While these events are generally anticipated to boost silver demand, prices may remain unstable and could see short-term declines. Silver is currently trading near its support levels, but increased event-driven volatility this week could lead to significant price swings. In late October, for example, silver briefly surged nearly 4% above usual resistance levels during short bursts of volatility. Although trading volume remained concentrated near the support level, the risk of sudden, sharp moves remains. This could result in a long silver position being prematurely closed out. With a long position in silver futures at risk from near-term event risks, investors can deploy CME weekly options to hedge a long position from near-term volatility which increases tail risk. In the following hypothetical trade setup, investors can combine a long position in CME micro silver futures expiring in December (SILZ4) at an entry of 32 with a protective put using CME silver weekly options expiring on 8/Nov (Fri) (SO2X4) at a strike level of 31 (delta 20, premium of 0.087/oz or USD 435) offers a compelling trade setup while remaining hedged against near-term volatility. Using a delta-20 put option keeps the position fully delta-hedged for the week, as the delta of the long micro silver position aligns with the option’s delta at 20. Since each micro silver contract is one-fifth the size of a full contract, this setup effectively maintains the hedge. In case prices dip below 30.64 by Friday due to volatility from the election, FOMC meeting, and China parliamentary meeting, the put option would offset any losses from the futures leg. In the later part of the month, the outlook for silver is likely to be bullish given the fundamental factors highlighted above, in case prices rise, the position would become profitable above 32.44, offsetting the premium paid for the short-term option. The scenarios in which the position loses: 1) In case prices remain between 30.64 and 32.44 2) In case prices fall below 30.64 following the put option expiry on 8/Nov The scenarios in which the position profits: 1) In case prices fall below 30.64 before the put option expiry on 8/Nov 2) In case prices rise above 32.44 at any point It should be noted that it would be prudent to set a stop loss on the long futures position following options expiry at 31 to minimize losses in case of a decline after options expiry. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme . DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
COMEX_MINI:SIL1!Long
by mintdotfinance
Gold collapse imminent? 7hr chartPrice action on Gold since August as shown on the above 7hr chart. A Euphoric rally in the last 3 months has Gold bugs jubilant in celebration with a record 48% win from September 2011 (Ignore the 480% return of the S&P 500 in the same period). There are now messages aplenty calling for $5k and beyond. Who knows. One thing I do know, a common theme throughout the messages, people are euphoric. Market tops print with euphoria. Now this idea is not about who is wrong or who is right, congratulations if you've made a profit. The point of the post is to make sure profits are realised. A profit on paper is not a win and the bubble may now be about to pop. 90% of folks long on gold will not collect the recent gains. Why might the party be about to end? A few reasons.. 1) Price action support is broken. This is also true for RSI. 2) Throughout history RSI above 80 on the 3 week chart (below) has been a warning shot for extreme overbought conditions. Look left. Corrections between 20% and 50% are recorded. 3) Price action is at historical macro resistance (see 2 month chart below). Is it possible this time is different? Sure. Is it probable? No. Ww 3 week 2 month
OANDA:XAUUSDShort
by without_worries
27
Gold’s Next Big Move: Election Night’s Hidden Chart Signals!Chart Analysis Summary In both charts, we see a prominent ascending channel on a higher time frame (HTF), suggesting an overall bullish structure initially. However, there are signs of potential reversals, especially around critical levels where price fails to break higher and instead forms correctional structures. The ascending channel shown aligns with The Rule of Three, as it often precedes reversals after the third touch due to exhaustion in the trend​​. Reversal Signal: Double Top with Bearish Flag The first chart illustrates a double top pattern within the broader ascending channel, a common reversal signal. This pattern suggests a weakening bullish momentum, aligning with a probable corrective phase. Following the double top, we observe a bearish flag or descending channel, indicating that the price may continue downward after a break. This aligns with Patterns within Patterns, where a smaller bearish flag within a larger corrective structure increases the probability of a downside move​. Bull Flag Structure and Liquidity Zone Testing The second chart labels a large bull flag on the higher time frame (4H) near a liquidity zone. The corrective phase within this flag aligns with the market psychology of retracement after an impulsive move. Multi-Touch Confirmation indicates that these structures gain credibility with multiple touches on key support/resistance lines, making the upcoming third touch a critical point for deciding the direction​. Potential Entry and Exit Scenarios Based on Entry Types from your strategy: High-Probability Entry: Enter on a break of the corrective structure (such as the bear flag or descending channel) following multiple touches. Place a stop loss above the recent high if you’re anticipating a downside continuation, using a reduced-risk entry if you see low-momentum candles and ascending channels close to the top​. Wait for Confirmation: Given the corrective nature, it might be safer to wait for a confirmed breakout rather than entering at the top without solid confirmation. Back-tested data often shows better results when entries are taken after the third touch or initial pullback post-breakout​​. Confluence of Multi-Touch and Patterns The multi-touch confirmation method supports the idea of a third touch before a potential breakout or breakdown. Additionally, patterns within patterns enhance reliability, as seen with ascending or descending channels within larger structures, suggesting the market’s next probable moves more accurately. Strategy Application: Assess the Momentum: Enter on the first pullback (flag formation) after a significant breakout if momentum is strong. For a conservative approach, watch for a third touch on the boundary of the corrective channel. Risk Management: As part of your trading plan, place stops conservatively to avoid getting caught in corrective waves, as tight stops near liquidity zones may result in unnecessary stop-outs. Psychological Preparation: Avoid the perfectionist trap; if the confluence signals are strong but not perfect, following the 80/20 rule may be more beneficial than waiting for ideal entries, as markets rarely align perfectly with expectations​​.
OANDA:XAUUSD
by Adlercon333
Brothers, I, the Ronin, am back again. The trumpet asdkjc releasGold 1-hour level wave count: 2790 is the end of the fifth yellow wave, and it is a wave flow. Retail investors cannot detect it. It is also the end of purple third wave. On the 1st, my trumpet posted a high probability of entering the fourth purple wave correction. The sub-wave yellow third wave of the purple fourth wave is currently running. This wave is for the yellow fifth wave correction, focus on the 0.618-0.786 area, buy when the pattern ends, and continue to be bullish at 2900-3000
OANDA:XAUUSD
by qwekjc
Gold’s Next Big Move: Election Night’s Hidden Chart Signals!This is an image of the original Video tutorial i made walking through XAU/USD Chart Analysis Summary In both charts, we see a prominent ascending channel on a higher time frame (HTF), suggesting an overall bullish structure initially. However, there are signs of potential reversals, especially around critical levels where price fails to break higher and instead forms correctional structures. The ascending channel shown aligns with The Rule of Three, as it often precedes reversals after the third touch due to exhaustion in the trend​​. Reversal Signal: Double Top with Bearish Flag The first chart illustrates a double top pattern within the broader ascending channel, a common reversal signal. This pattern suggests a weakening bullish momentum, aligning with a probable corrective phase. Following the double top, we observe a bearish flag or descending channel, indicating that the price may continue downward after a break. This aligns with Patterns within Patterns, where a smaller bearish flag within a larger corrective structure increases the probability of a downside move​. Bull Flag Structure and Liquidity Zone Testing The second chart labels a large bull flag on the higher time frame (4H) near a liquidity zone. The corrective phase within this flag aligns with the market psychology of retracement after an impulsive move. Multi-Touch Confirmation indicates that these structures gain credibility with multiple touches on key support/resistance lines, making the upcoming third touch a critical point for deciding the direction​. Potential Entry and Exit Scenarios Based on Entry Types from your strategy: High-Probability Entry: Enter on a break of the corrective structure (such as the bear flag or descending channel) following multiple touches. Place a stop loss above the recent high if you’re anticipating a downside continuation, using a reduced-risk entry if you see low-momentum candles and ascending channels close to the top​. Wait for Confirmation: Given the corrective nature, it might be safer to wait for a confirmed breakout rather than entering at the top without solid confirmation. Back-tested data often shows better results when entries are taken after the third touch or initial pullback post-breakout​​. Confluence of Multi-Touch and Patterns The multi-touch confirmation method supports the idea of a third touch before a potential breakout or breakdown. Additionally, patterns within patterns enhance reliability, as seen with ascending or descending channels within larger structures, suggesting the market’s next probable moves more accurately. Strategy Application: Assess the Momentum: Enter on the first pullback (flag formation) after a significant breakout if momentum is strong. For a conservative approach, watch for a third touch on the boundary of the corrective channel. Risk Management: As part of your trading plan, place stops conservatively to avoid getting caught in corrective waves, as tight stops near liquidity zones may result in unnecessary stop-outs. Psychological Preparation: Avoid the perfectionist trap; if the confluence signals are strong but not perfect, following the 80/20 rule may be more beneficial than waiting for ideal entries, as markets rarely align perfectly with expectations​​.
OANDA:XAUUSD
by Adlercon333
Gold : Short Term Trading Pattenr Trading Setup: A Trading Signal is seen in the Gold XAUUSD h4 Traders can open their Sell Trades NOW m15 TA : ⬇️Sell Now or Sell on 2754.9 ⭕️SL@ 2776.0 🔵TP1@ 2713.0 🔵TP2@ 2673.0 🔵TP3@ 2606.1 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSDShort
by pullbacksignal
Lingrid | GOLD Buying OPPORTUNITY from Psychological LevelThe price perfectly fulfilled my last idea. It hit target zone. OANDA:XAUUSD bounced off the psychological level at 2700 after breaking out of the consolidation zone. Given that it has also broken the previous week's low, there is a possibility of a fake breakout at this level. It seems likely that the market may move sideways until the upcoming Fed rate cut decision is announced. This anticipation often leads to decreased volatility as traders await direction. If the market does pull back towards the support level and shows signs of rejection, it would strengthen the case for a move higher after the news is released. My goal is resistance zone around 2760 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
22
THE KOG REPORT - ELECTION SPECIAL THE KOG REPORT: This week’s KOG Report is a little different this week due to the upcoming elections. For that reason, we’re going to share the levels and potential movement since we are almost guaranteed to see some extreme movement over the coming sessions. The chart was shared in Camelot together with the analysis 4yrs ago which worked well. On the left chart you can see the 2020 reaction to the elections giving a powerful movement across the markets and gold moving over 2000pips in days. We’ve shown this chart to make new and less experienced traders aware of what can happen based on any result! Price will whipsaw, they will chop and change direction and when they move, it will really move. IF, and it’s a BIG IF, you’re going to attempt to trade it, please make sure your lot sizes are sensible, and your risk model is flexible enough to adapt to sudden changes in direction. Now the chart on the right. We have drawn a path, but it’s based more on a potential fractal rather than set in stone. The levels however are important, and potentially if targeted can give traders opportunities to capture the bounces or, give them a better understanding of where price can go before taking a breather. We’re close to the 2800 level but as you can see, we’ve struggled to break it, this usually just means that price has travelled enough to take a slight pause in direction, and requires a pullback, which is what we analysed and traded last week. How far thought, with extreme news and volatility entails caution, our immediate support and resistance levels hardly work in these scenarios. So, when we look at extreme levels on the chart we can see the following: We have resistance above on the daily at 2745 which needs a daily close above to go higher. This flips our support level into the 2715 level which looks like a decent level for price to attempt in the coming sessions. Our order region is sitting at the psychological level of 2700 with the extension of the move into the 2680-5 level. This, if attempted could give traders and opportunity to take the long back up towards the 2730-35 red box level which will have also flipped into resistance. This is the level currently in play and needs to be monitored as this is the order region they’re using to propel the price in either direction. It’s also the reason they’re accumulating here and start the pre-event range. Break above, and we should see bulls’ step in and force price higher, as shown in the illustration on the chart. The range is big, the high in sight is the 2820-34 region, which if attacked and rejected can give us opportunities to capture the larger short trade, while the 2575-65 level is sticking out for the undercut low. To be totally honest, knowing what can happen and how price can move, it’s the same strategy as trading NFP and FOMC. Don’t trade the volume driven candles, wait for price to move, use the levels and the red boxes, and then, with a risk model in place take a sensible trade if you’re going to trade it. The above is just our view and more for educational purposes. We will continue to use our proven red box strategy, indicators and our trusted algo Excalibur to guide us through the markets. Good luck for the week ahead! KOG’s bias for the week: Bearish below 2744 with targets below 2720, 2714 and below that 2702 Bullish on break of 2744 with targets above 2792 and above that 2803 Red boxes: Break above 2744 for 2753, 2765, 2780 Break below 2730 for 2715, 2705, 2695 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
3
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDShort
by syomking76418
WTI - How will oil react to the elections?!Oil is located between EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If the descending channel is preserved and its ceiling is not broken, we can witness the continuation of the oil decline up to the midline of the descending channel. Breaking the ceiling of the channel and the resistance range will provide the way for oil to rise to $75. A member of Trump’s campaign stated that victory in Michigan and Pennsylvania is nearly certain. Meanwhile, Fox News has predicted that Trump will win the U.S. presidential election. According to information from three informed sources, the United States and Saudi Arabia are in talks for a security agreement that would be independent of any broader agreement with Israel. This agreement is not aimed at achieving a comprehensive defense pact; however, Crown Prince Mohammed bin Salman and the White House wish to reach a security deal before President Biden’s term ends in January. Prior to Hamas’s attacks on Israel on October 7, the Biden administration was in discussions with Saudi Arabia and Israel for a broader agreement that included normalization between Saudi Arabia and Israel. This agreement would have involved a U.S.-Saudi defense pact and civilian nuclear cooperation, which the White House believed had a higher chance of Senate approval. However, the outbreak of conflict in Gaza and Lebanon and Saudi Arabia’s demand for the establishment of an independent Palestinian state delayed these negotiations. Meanwhile, Saudi Arabia’s national security advisor, Musaad bin Mohammed Al Aiban, traveled to Washington last week and met with U.S. national security advisor Jake Sullivan and other officials, including Secretary of State Antony Blinken. Their discussions focused on U.S.-Saudi bilateral relations and a series of security, technological, and economic agreements they aim to sign before Biden’s term ends. This security agreement was separate from efforts for a broader deal that included normalization between Saudi Arabia and Israel. The initial plan is to draft an agreement similar to what the Biden administration has signed with other Gulf countries in recent years. For instance, in March 2022, Qatar was recognized as a major non-NATO ally, and in September 2023, the U.S. and Bahrain signed a comprehensive security agreement. Over the past four years, the Biden administration has sought to curb the growing influence of China and Russia in the Gulf region. U.S. officials have indicated that several countries previously leaning towards China and interested in purchasing strategic systems from Russia have now moved closer to the U.S. The OPEC Secretary-General has stated that the global economy is in good condition and estimates global economic growth at 2.9%. OPEC holds an optimistic view of oil demand in both the short and long term. Although there are challenges, the overall picture is not as negative as some suggest. The OPEC Secretary-General believes that peak oil demand will not occur and that the global economy continues to grow.
TVC:USOILShort
by Ali_PSND
NQ - Nasdaq struggles. The weekly reveals itSee the support NQ had? Super nice how the the Medianlines and the A/R set reveals it. But now there is some trouble in the Kitchen. After reaching the white Center-Line, price is struggling to punch through the orange U-MLH. If price can't fight ti's way through this resistance, it will turn south - probably very sharp. To me, this is a cheap Short. If I'm wrong, so be it, it's just one of 1000s of trades. But, it's a offer I can't reject §8-)
CME_MINI:NQ1!Short
by Tr8dingN3rd
Gold Dips After Rally: Is This the Perfect Buy Opportunity?Hello wonderful friends! Today, gold prices are showing signs of correction after a period of strong growth, currently hovering around the support level of 2750 USD. Profit-taking pressure after the recent surge has dragged gold prices lower, but the precious metal has maintained its growth momentum for the fourth consecutive month thanks to safe-haven demand. In Ben's view, gold may enter a consolidation phase, fluctuating between 2750 - 2716 USD before entering a tense period with the US election and the important Fed meeting. Moreover, geopolitical factors and uncertainty ahead of the election results will continue to support gold, while investors seem to be taking advantage of the opportunity to "buy on correction".
OANDA:XAUUSD
by Bentradegold
XAU! 11/6! Gold price down - soon to $2700XAU / USD trend forecast November 6, 2024 Gold price (XAU/USD) struggles to build on Tuesday's rebound from the $2,725-2,724 region, hovering between small gains and losses in Wednesday's Asian session. Rising demand for the US Dollar, fueled by exit polls showing Donald Trump leading in key swing states, poses a challenge for gold. Additionally, a strong rise in US Treasury yields and a risk-on market mood put further pressure on the non-yielding metal. However, expectations of heightened volatility around the US election results prevent traders from taking strong bearish positions, which should help contain any significant downside for gold. After clearing the liquidity of the 2748-2750 price range, the gold price is still moving in the 2730-2745 price range. The election results will create a positive and optimistic financial market. The gold price cools down - drops to 2700 /// SELL XAU : zone 2742-2745 SL: 2750 TP: 50 - 150 - 300 pips (2715) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
9
XAU/USD 06 November 2024 Intraday AnalysisH4 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: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As outlined in yesterday's intraday analysis dated 05 November 2024, I mentioned that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. While price has not yet printed a bullish CHoCH, it has moved up to the premium of 50% EQ, allowing me to confirm the internal structure. Intraday Expectation: Price is anticipated to target the weak internal low. Note: Given the ongoing Presidential elections, the Fed’s softer stance, and heightened geopolitical tensions, price is expected to remain highly volatile. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Sell Strategy: Targeting Profits at 2737 and 2730, with a DSure! Here's your translation with a more detailed explanation and key points highlighted: --- **"I have analyzed the trading chart today and set a target for gold sell. My first profit target is **2737**, and the second profit target is **2730**. Even if the price touches **2744**, it will eventually come down."** --- ### Key Points: 1. **Trading Analysis**: You’ve done your analysis on the gold chart for the day. 2. **Sell Target**: Your first profit target for selling gold is at **2737**, and your second target is **2730**. 3. **Price Movement Expectation**: Even if gold briefly hits **2744**, you believe the price will eventually drop and come back down. The idea here is that you're anticipating a downward movement in the price of gold, with two specific levels where you expect to take profit. You're also considering the possibility of a slight upward movement, but ultimately, you believe gold will fall. --- Does this breakdown and translation meet your needs?
OANDA:XAUUSD
by BinSalmanFundsReal
GOLD WILL FALL AGAINhello guys lets start new week with new analysis again the price moved perfectly according my last forecast with near +400 pips profit . as you can see for long time gold moved in an uptrend last week after update new high finally gold fell sharp and broke uptrend. the price pulled back to the trend line and fixed bellow that . i think gold made a descending channel in lower time frame .now gold move in a range area i think first gold will go up to retest the resistance will fall again
OANDA:XAUUSDShort
by Lady_scalper