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XAUUSD 4HR BEARISH PULLBACK THIS WEEK?WEEKLY: Still Bullish but could make an official pullback to at least 23.6 level. 4HR: Lots of Bearish momentum. Would like to see bullish fakeout to 2760ish area then continue going bearish into 2715 area. 2760 would be 50% retracement for Entries. 2715 would be 127.6% level for Exits. 30MIN: Need a bullish move into 4hr Supply Zone. ENTRY: ONLY after confirmation of 3min BOS in 4hr Supply Zone or after touching zone. TAKE PROFIT: 2715 area. STOP LOSS: 2760s area but ONLY after 3min bearish confirmation in 4hr Supply Zone. REWARD TO RISK RATIO: 2:1 up to 6:1 depending on where you put your stop loss 2760-2775ish
OANDA:XAUUSDShort
by WontStopThesePips
XAUUSD - Gold 3Month (quarterly)Overview: Gold and silver have performed remarkablely in 2024, emerging as the two best-performing assets of the year. Precious metals often serve as safe-haven assets during times of economic uncertainty, and this year has proven no exception. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward. By the end of October, silver had surged by 42.4 percent, a dramatic increase that reflects growing demand and limited supply. Gold, similarly, has gained 33.7 percent, solidifying its role as a reliable store of value. These gains in the precious metals market outpaced other commodities and most traditional financial assets. For comparison, the NASDAQ—the best-performing stock index—has gained 24 percent over the same period. This robust performance in the NASDAQ reflects strength in technology stocks, yet it still falls short of the exceptional growth observed in gold and silver. Such trends highlight the unique appeal of precious metals, especially during periods of market turbulence and geopolitical tension. Watch the RSI as another blue candle will indicate a Q4 bullish momentum that may continue into the New Year. As for a Red Q4 Candle... This may push the RSI below the 80, creating a bearish Divergence in the LONG term. This Pullback may even look like a trend reversal. Keep in mind a healthy market needs to retrace. Key Levels: 2450 2315 2235 (Support)
FX:XAUUSD
by nikdobii
Gold range oscillates, operation suggestionsFrom the daily chart, the daily MA5-MA10 of gold is about to stick together to form a dead cross. In the 4-hour chart, the continuous negative pattern makes the price continue to run below the short-term moving average, and the short-term moving average continues to form downward resistance. Among them, the 10-day moving average and the 5-day moving average constitute double pressure. In addition, other periodic indicators turn to short positions, and the Bollinger Bands are also biased downward as a whole, which is conducive to the development of short positions. For intraday operations, it is recommended that gold continue to rely on the high point of 2750 to carry out high-altitude layout in the short term. The white market will first look at the test of 2718, and the late market will directly look at the break and extension of 2710. Pay attention to the pressure of the 2748-2750 area during the day. When the gold price approaches or touches it, decisively carry out short-term layout, and the target is a new low.
OANDA:XAUUSD
by btxebtxe
The US election is approaching, gold operation strategyTechnical analysis of gold: Gold is still temporarily maintaining a high range of fluctuations in the daily trend, and the price is temporarily supported around 2724. After continuous narrow fluctuations in the 4-hour level trend, the technical pattern began to gradually adjust. The price failed to form an effective breakthrough after several breaks below the current support band. Pay attention to the upward trend of gold that may appear after a false shot. At the hourly level, the short-term moving average has also begun to diverge upwards, and there are signs of gradual strengthening in the short-term trend. Gold is obviously strong in the afternoon, and the downward trend of the hourly chart has broken upward. The short-term decline has come to an end, and it will continue to rise. Therefore, in terms of operation, it is recommended to buy gold directly, with a target of 2750-2760! Continue to look at the 2760-2780 area during the week, and continue to see a new high after breaking through Today, the short-term focus on the upper side is 2758-2762 line resistance, and the short-term focus on the lower side is 2725-2730 line support.
OANDA:XAUUSD
by btxebtxe
Gold trading, make money with meGold is in the Bollinger Band range and fluctuates sideways for 4 hours. As the saying goes, it gets colder at high places. Since the bull market has been slow to reach new highs, gold opened low in the morning. There was a rebound and rise during the period, but the highest rebound to 2744 just barely filled the gap of the low opening. Then the short-term continued to fall, indicating that the bulls’ counterattack was weak. The current market will be dominated by the short side, and our operating strategy is the same. The idea will be mainly high-altitude tonight! The short-term focus on the upper side is the 2743-2744 resistance line, and the short-term focus on the lower side is the 2717-2715 support line.
OANDA:XAUUSD
by btxebtxe
2024-11-05 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr Indexes - Who wants to be long into election day? That question pondered my mind couple of times today but here we are. Surprising bull strength. I said it was too soon for the bigger second bear leg down but today was also too strong for bulls at this point. No bigger opinion on today’s price action. Most markets traded back up to the 50% retracement and near their daily 20ema and that spot is as neutral as it gets. Still leaning more bearish than bullish and I would not be surprised if the Globex session sell this hard. dax futures comment: Clear trading range 19100 - 19400. I expect bears to come around soon and reverse it down. If we print above 19450, I am most likely wrong about this. Friday’s high was not broken and we are right under the 20 ema and 50% retracement. Many reasons for bear to short again. Above 19450 bears will probably give up and we test 19600 or higher. Market is neutral around 19250. current market cycle: trading range key levels: 18900 - 19400 bull case: My line in the sand for bulls continues to be 19400-19450. If they break above that, bears will likely give up. Other than that I don’t have many arguments for them. We are below the 50% and daily ema, if bears come around here, bulls just have to cover because it could easily go back down to 19250 or lower. Invalidation is below 19000. bear case: Bears need to keep this below 19400. If they can manage, next target is test of the open price 19260 and then we could get a big second leg down. We have a decent two legged pullback now on the 4h chart and today’s high could fit a proper channel. Invalidation is above 19400. short term: Bearish if we stay below 19420ish (max 19450). I think the odds of a reverse are much better than more upside. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Buying the EU opening reversal was an amazing trade. Perfect double bottom with Monday’s low.
EUREX:FDXSZ2024Short
by priceactiontds
2024-11-05 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Who wants to be long into election day? That question pondered my mind couple of times today but here we are. Surprising bull strength. I said it was too soon for the bigger second bear leg down but today was also too strong for bulls at this point. No bigger opinion on today’s price action. Most markets traded back up to the 50% retracement and near their daily 20ema and that spot is as neutral as it gets. Still leaning more bearish than bullish and I would not be surprised if the Globex session sell this hard. sp500 e-mini futures comment: Bulls had a good day and a buy vacuum up to the 50% retracement and daily 20ema. Bears have to come up with something big to reverse this. On the daily chart you can see the candle bodies from 2 weeks ago stayed above 5830, which is my highest target for bulls for now. If they go above that, they might as well melt to the bear trend line 5870. current market cycle: trading range (chance that we are already in a bear trend is there) key levels: 5730 - 5840 bull case: Bulls want to get a measured move up from today, which would lead to 5900. For now I don’t think the odds are too good for that but today’s strength was also surprising. Above 5830 I think most bears will give up. Invalidation is below 5730. bear case: Bears have to defend their big leg down from last week and they should keep it below 5830. They could see this as a buy vacuum to test the daily 20ema and we go down from here. My W4 target from my weekly outlook was 5800, so we are still close enough for this to be correct. Invalidation is above 5830. short term: Leaning bearish if we stay below 5830. Want to see this reverse completely and then some. medium-long term - Update from 2024-10-13 : Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess. current swing trade: Nope trade of the day: Buying US open I guess.
CME_MINI:MES1!Short
by priceactiontds
Gold trades steady on Tuesday, having reached a new five-day lowGold (XAU/USD) trades steady after finding support at $2,724 early on Tuesday. It has since bounced back to the $2,730s on the back of a marginally weaker US Dollar (USD), due to uncertainty over the US presidential election. A weaker Greenback, in turn, aids Gold since the precious metal is mostly priced and traded in USD. The highly-rated election forecaster 538.com indicates a 50% probability of Vice President Harris winning on Tuesday whilst former President Donald Trump has a 49% chance of victory. That leaves a 1% chance of no overall winner. Over the last 24 hours, Harris has edged into the lead after lagging Trump for several days. This may also explain Gold’s turnaround on Tuesday. Solomon’s Jones is bullish on Gold overall, seeing the election outcome as a “win-win” for the precious metal regardless of which candidate is victorious. Although the precious metal remains in an uptrend on a medium and long-term basis. Asad iqbal khan
FX_IDC:XAUUSDLong
by AiK-Yousafxai
Next Turns Of GoldOur technical analysis of Gold, incorporating both price action and smart money concepts, indicates an upward trend within a parallel channel. However, caution is advised against entering trades blindly, as the metal is currently positioned mid-channel. Trading success is often attributed to 10% buying, 10% selling, and 80% patience. Therefore, we recommend waiting for Gold to approach key support or resistance levels. Key levels to watch: - Strong Buying Zone: $2700-$2703 - Strong Selling Zone: $2800-$2805 Our analysis remains unaffected by election outcomes, as Gold has consistently respected support (three times) and resistance (four times) levels. We anticipate similar momentum to persist. For traders considering immediate entry, selling may be an option, albeit with caution and at one's own risk. Gold has reversed from resistance at $2789, targeting support, although we assign a 60% probability to this move due to Gold's inherent volatility. Note: This analysis is only for the Long equity Account Holders
TVC:GOLDShort
by LeonardoTrader9t9
1
GOLD XAUUSD PREDICTION🇺🇸 How the 2024 U.S. Presidential Election Could Impact Your Investments With the upcoming U.S. presidential election, markets are on edge. Both Donald Trump and Kamala Harris offer contrasting approaches, which could lead to different outcomes for stocks and gold. Here’s a breakdown of potential impacts under each candidate: 📈 If Trump Wins: • Stock Market: Known for pro-business policies, Trump may boost investor confidence through tax cuts and deregulation, potentially leading to a stock market rally. However, his tough stance on international trade, especially with China, could create market volatility. • Gold: Gold typically benefits from uncertainty. If Trump’s approach increases geopolitical tension or economic uncertainty, gold prices could rise. Conversely, a stronger dollar under his policies might limit gold’s growth. 📉 If Harris Wins: • Stock Market: Harris will likely continue Biden’s policies, focusing on infrastructure and clean energy. These policies could favor sectors like renewable energy. However, possible tax hikes on corporations may cool off overall market enthusiasm. • Gold: With more regulatory oversight expected, investor caution may drive gold demand as a safe-haven asset, especially if concerns about government spending or inflation arise. 🔍 Key Takeaways: • Market Volatility: Elections bring uncertainty, so markets may experience short-term swings as investors react to possible policy shifts. • Long-Term Impact: While election outcomes have immediate effects, the long-term impact depends on actual policy implementations and global economic factors. Stay tuned and diversified! Elections are just one of many forces shaping financial markets, so having a balanced approach is key.
FX_IDC:XAUUSD
by wallstreetwolfx
99% rate cut odds in election week? With both the election and an upcoming Fed meeting in focus, markets could face a surge in volatility this week. According to the CME Group’s FedWatch Tool, traders are placing a 99% probability on a quarter-point rate cut at the conclusion of the Fed’s policy meeting on Thursday, following a half-point cut in September. After the rate decision, Fed Chair Jerome Powell is expected to speak. But, even if Thursday brings a clear election outcome, Fed officials are likely to sidestep any questions about potential policies from the next administration until the winner assumes office. Only then will they assess how campaign pledges translate into actual policy, watching closely to see how businesses, consumers, and financial markets react before making any further moves on monetary policy.
BLACKBULL:XAUUSD
by BlackBull_Markets