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11.7 Analysis of Gold Short-term OperationYesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of 2724, the market accelerated its decline. The daily line gave a minimum of 2650.7 and then the market consolidated. The daily line finally closed at 2658.8 and the market closed with a super large Yin line with equal upper and lower shadows. After this pattern ended, the daily head and shoulders top pattern was formed. In addition, the fundamentals expected that the market would fall back after stepping back. In terms of points, the long stops of 1996 and 2028 below were followed at 2600. The US market first rose to 2660 and gave a long stop loss of 2650. The upper target is 2675 and the breakthrough is 80-----90
FXOPEN:XAUUSDLong
by David_strategy
1
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
Gold ReboundsAfter Donald Trump's victory in the U.S. presidential election, gold prices dropped by more than $80 per ounce on November 5th in both Asian and U.S. markets. However, mixed economic data from the U.S., Germany, and China, combined with the Federal Reserve's decision to cut interest rates, helped gold prices rebound to $2,700 per ounce. Looking at the technical chart at 4:00 PM, with support at $2,650, gold prices have started to rise again and are testing the resistance level at $2,707. If gold breaks through this resistance, it is expected to regain momentum and continue to rise towards a new target. However, if gold fails to break through the resistance, it could fall back to the support level of $2,683. During this time, make sure to closely monitor the market to respond promptly to any unexpected developments!
OANDA:XAUUSD
by Alisa_Rokosz
Unveiling the Path: Silver's JourneyHello Traders In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET today XAGUSD analysis 👆 🟢This Chart includes_ (XAGUSD market update) 🟢What is The Next Opportunity on XAGUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAGUSDLong
by ForexMasters2000
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. 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: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase. Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high. Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS. Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
World gold price recovers despite high USDWorld gold prices recover despite the high USD. Recorded at 9:50 a.m. on November 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.430 points (up 0.19%). According to Kitco, central banks cutting interest rates, a wave of buying, and recently released US economic data... are supporting the recovery of gold prices. On Thursday, the US Federal Reserve (FED) continued to cut interest rates. This was a move that many people had predicted and long expected. The Federal Open Market Committee (FOMC) lowered the federal funds rate by 25 basis points, in line with expectations. Interest rates are currently trading in a range of 4.5% to 4.75%. The FED did not provide much guidance on the future path of monetary policy. They noted that the economy continued to grow at a solid pace. Not only the FED, the Bank of England (BoE) has also just decided to cut interest rates further. In a long-awaited move, the BoE cut the bank rate to 4.75% on Thursday. In addition, gold prices rebounded sharply after the release of US labor market data. Mr. Ernest Hoffman - market analyst at Kitco News - said that the US Department of Labor announced on Thursday that initial jobless claims increased to 221,000 in the week ended November 2. This figure was completely in line with expectations, as the general estimate forecast the number of claims was 221,000. 🔥 GOLD BUY 2683 - 2681🔥 ✅TP1: 2690 ✅TP2: 2700 ✅TP3: OPEN 🚫SL: 2675
TVC:GOLDLong
by FalCol_TradingMaster
XAUUSD - 2024/11/08Looks like XAUUSD has already made the move that I was waiting for during Asian session. I will monitor the market to look for a potential retrace back into the 1h volume sell zone to take more shorts, but at the moment if the market does reverse back to entry I would be skeptical to enter because the market can easily just continue the bull run. Even though we had a strong push down with the US elections, XAUUUSD is still in a bullish market and needs to be taken into account when looking for shorts.
OANDA:XAUUSDShort
by VizeCapital
Long xauusd• Current Price: As of this data, the price is around 2,705.9 USD per ounce, showing a slight decrease of 0.6 USD, or about -0.02%. • Chart Analysis: • A red moving average line is displayed, possibly a short or medium-term trend indicator. The price action is below this moving average, suggesting a bearish or downward trend over the period shown. • There are red and green candlesticks representing the price movement in each hour. • The current price (2,705.9) is marked on the right-hand side, with 2,706.5 just above it as another price level.
OANDA:XAUUSDLong
by Khalifapatrick
Big correction awaited on US markets As all are in sheer euphoria and waiting for higher all time highs after Trmp election , the market is currently warning those who can listen of upcoming correction , and it might reach deep this time . This is not about technical analysis textbook patterns and there is much more on this chart than what meets the eye as I tried to simplify it as much as possible. Bear in mind also the particular context where we are amidst extreme greed in the stockmaket while we are at the all time highs as the fed is about to make its rate decision . If you are an investor I hope you got my point of NO BUYING RIGHT NOW as it not the time at all so simply wait . This can even be the opportune time for looking for shorts instead , after a bearish reaction from Interest Rate decision . On the other hand ,closing above 20900 will invalidate the short idea and postpone the correction for later . In closing wish to leave you with this quote from Warren Buffet : "I will tell you how to become rich .Close the doors .BE FEARFUL WHEN OTHERS ARE GREEDY .Be greedy when others are fearful. " CME_MINI:NQ1! CME_MINI:ES1! CBOT_MINI:YM1! NASDAQ:NDX SP:SPX DJ:DJI FX:NAS100 BLACKBULL:NAS100
CME_MINI:NQ1!Short
by StockAnalystPro
Will traders short this bounce in gold?Gold prices dropped sharply on the news that President Trump will govern the U.S. for the next four years, starting from January 6. This decline makes sense, given his plans to boost the economy despite an already low unemployment rate of 4.1%. These efforts are likely to push inflation and wages higher, which could compel the Fed to maintain elevated interest rates. As long as prices stay below 2,720, a test of this week’s low seems likely in the coming days. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSDShort
by ThinkMarkets
Expectations of a Fed rate cut boosted the reboundMarket Analysis: Today, gold prices have fallen below the 2700 mark following a surge in the U.S. dollar after Donald Trump’s surprising political comeback as President. The primary driver behind this pullback is the market’s expectation that Trump, known for his pro-capitalist stance, will prioritize U.S. economic growth. This outlook has strengthened the dollar, resulting in downward pressure on gold. Currently, it appears the market has largely priced in the bearish impact of Trump’s election, limiting gold's potential for further decline. Additionally, the Federal Reserve’s two-day policy meeting, concluding on Thursday, is expected to result in a 25-basis-point rate cut, which would likely provide upward momentum for gold. Trading Strategy: Given the current low levels, going long on gold presents a strategic opportunity. With the anticipated Fed rate cut, we can expect a positive impact on gold prices, fueling a rebound. Recommendation: Based on this analysis, the general trading direction should be clear. For specific entry points and comprehensive weekly strategies, please reach out. All VIP members will receive exclusive access to this week’s detailed trading plan.
OANDA:XAUUSDLong
by Falcon-Training-Camp