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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
EIGHTCAP:XAUUSDLong
by ForexMasters2000
2
Precious metals steady after sell-offPrecious metals have had a torrid time since it became apparent that Trump had won a clear victory in the early hours of yesterday morning. Gold broke below $2,700 and is currently hovering in a band of support which stretches between $2,635-$2,675. This area acted as resistance in the last week of September and the first of October. A break below here would set up a likely retest of $2,600. Just over a week ago, gold hit a record high of $2,790. Since then it has lost around 5%. It was always a concern that gold had manged to rally steadily from early June without any of the sharp, deep pullbacks that were such a feature of its trading pattern from earlier in the year. Well now there’s been one, with Trump providing the catalyst. The question now is whether there’s more downside to come, and if so, will that mark the end of the bull run , or once again provide an opportunity for the bulls to load up and go again? It’s too early to tell. But if it can find support and consolidate around current levels, then the daily MACD can reset at a less overbought area. If not, then gold will head lower to find stronger support. It’s similar situation for silver, with $31 now a level it needs to hold.
TRADENATION:XAUUSD
by TradeNation
3 Key Support Levels on S&P 500 Futures (ES)On ES (S&P 500 Futures) , it's nice to see a strong buying reaction at the price 5937, 5887.50 and 5804. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Trader Dale
CME_MINI:ES1!
by Trader_Dale
Intra-Day Strategies Part 2: Breakout Momentum Welcome to Part 2 of our intra-day series, where we shift our focus to breakout momentum. By syncing with natural price cycles—from quiet, narrow bands to fast, directional shifts—breakout momentum trading aims to seize short-term bursts of momentum with precision. What is Breakout Momentum? Breakout momentum is the initial surge in volatility when prices break out from a narrow range. Markets typically alternate between periods of contraction (when price hovers within a narrow band) and expansion (when prices break out, igniting higher volatility). Breakout momentum traders look to capitalise on these expansion phases as soon as they start, harnessing momentum for short-term trades. By focusing on these natural cycles, breakout momentum trades seek to capture brief but significant price shifts. Here’s a closer look at how to identify these setups and execute them effectively. Applying Breakout Momentum on a 5-Minute Chart Step 1: Identify a Contraction Phase The first step is spotting a contraction phase, visible as a tight, sideways range on the 5-minute chart. Look for: • Range-Bound Price Action: Price consolidates within a defined range, with minimal directional movement. Tighter ranges suggest that an expansion may be imminent. • Low Volume: Contraction phases often coincide with lower-than-average volume, signalling reduced buying or selling pressure. • Declining ATR (Average True Range): The ATR, an indicator of volatility, may decline or stabilize at a lower level during this phase, indicating limited price movement. Identifying this "contraction zone" is essential for recognising potential breakout setups. The longer price remains in this phase, the stronger the breakout can be. Step 2: Check Market Structure After identifying a contraction zone, examine the market structure to confirm that the breakout has room to move. This means analysing nearby support and resistance levels to ensure there’s enough “headroom” (for an upside breakout) or “downside space” (for a downside breakout) for momentum to develop. • Assess Resistance for Upside Breakouts: If you're anticipating a bullish breakout, check for any immediate resistance levels above the contraction range. Strong resistance just beyond the breakout point could limit the trade’s potential if it leads to a reversal or stalls momentum. • Review Support for Downside Breakouts: For bearish breakouts, look below the contraction zone to identify any major support levels that might slow or halt downward momentum. Clear space below can indicate a better setup with room for the price to fall freely. By checking the market structure, you set up breakout trades with a clearer path, minimizing the risk of false starts from nearby resistance or support levels. Step 3: Entering on the Breakout With contraction and momentum confirmed, enter the trade as the breakout begins: • Price Breaks Out of Range: Go long if the price moves above the contraction range’s resistance or short if it drops below support. A strong breakout candle reinforces the signal. • Volume Surge: Ensure that volume increases substantially with the breakout, as this confirms broad buying or selling interest. • Candlestick Patterns for Extra Confirmation: If you see a bullish engulfing pattern for an upside breakout or a bearish engulfing for a downside breakout, this can add extra validation to your entry. Example 1: Gold (XAU/USD) 5-Minute Chart Gold (XAU/USD) shows a tight consolidation phase on the 5-minute chart, followed by a clear breakout. A surge in ATR and volume confirm the momentum. Past performance is not a reliable indicator of future results Example 2: Apple (AAPL) 5-Minute Chart In Apple’s case, a similar pattern emerges but on the short side, with price contracting before a sharp breakout to the downside. Confirmation indicators reinforce the move’s strength. Past performance is not a reliable indicator of future results Managing the Trade Trade management is vital in breakout momentum trading, as reversals can happen quickly. • Stop Placement: Position stops just outside the range—below support for long trades or above resistance for short trades. This limits risk and enables swift exits if the breakout falters. • Profit Target: Aim for a 1:2 risk-to-reward ratio, or use the ATR to gauge a realistic target based on the breakout’s momentum. • Trailing Stop: If the trade moves in your favour, use a trailing stop to lock in profits while allowing for further movement, especially if momentum remains strong. Tips for Effective Breakout Momentum Trading • Focus on High-Volume Sessions: Breakouts in high-volume trading hours, like the NYSE or LSE open, tend to be stronger and more sustained. • Use Confirmation Indicators to Avoid Fakeouts: Range-bound markets can produce false breakouts, so use indicators like volume and ATR to validate the breakout’s strength. • Stay Focused with Limited Screen Time: Momentum trades demand quick thinking and focus. Short, focused sessions can improve decision-making and help avoid fatigue. Breakout momentum trading aligns with the natural volatility cycles of the market, allowing you to capture the momentum that follows narrow ranges. In Part 3, we’ll cover trend continuation strategies, offering a balance of momentum and patience. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CAPITALCOM:GOLD
by Capitalcom
XAUUSD GOLD BULL !!! NOW that TARGET 2 was hit on the #BEAR the bulls are waiting... (you missed it) >>...and NOW the level confirmed as FAILED ! > We are confirmed to go LOWER... << BUT as this is Target 2 for the BEAR here is the set-up for the #BULL trades... Remember this is the opposite of the set-up above & currentlevels are always 1listed as Bi-Directional... for a reason. Go check the notes on the bear. You have the levels now so lets go again... (These levels are the day trade structure points hence dotted lines... and only relevant for a few days...)
OANDA:XAUUSDLong
by elitetechfx-daily
1
Gold price analysis November 7Fundamental Analysis Gold (XAU/USD) extended losses for a second straight session on Thursday. The dollar-denominated precious metal faced downward pressure from a stronger US dollar (USD) following former President Donald Trump’s victory in the US election. Gold prices are under pressure as safe-haven flows ease amid market optimism and the “Trump trade”. The move was driven by the apparent victory of the president, while the market had previously anticipated a controversial outcome. The US Federal Reserve’s (Fed) policy decision will be in focus on Thursday. Markets expect a modest 25 basis point rate cut this week. This could be supportive for Gold as lower interest rates reduce the opportunity cost of holding non-yielding assets. The CME FedWatch tool shows a 98.1% chance that the Fed will cut interest rates by 0.25 percentage points in November. Technical Analysis After yesterday's sharp decline, Gold is being adjusted slightly higher at the beginning of today's Asian trading session. Pay attention to the 2677 port area for SELL strategies in the Asian and European sessions. The 2625 and 2603 support areas become key support levels and also become TP zones for SELL signals. The psychological port breakout zone of 2700 becomes an important resistance zone at the moment when Gold prices have some retests.
OANDA:XAUUSD
by TVS-Trader
2
Best Price Action Pattern For GOLD Trend Following Trading This bullish pattern is very powerful . Being spotted on a daily/4h/1h, any time frame, it will help you to accurately predict a strong bullish movement on Gold . In this article, I will teach you to identify a buying volumes accumulation on Gold chart and as a bonus, I will show you how I predicted a recent bullish rally with this price action pattern. The initial point of this pattern will be a completion point of a strong bullish impulse. At some moment, the price finds a strong horizontal resistance, stops growing and retraces. The second point of the pattern will be a completion of a retracement. It should strictly be a higher low - it should be higher than the low of an initial bullish impulse. After a retracement, the price should return to a horizontal resistance and set an equal high , that will be the third point of the pattern. Then, the price should retrace AT LEAST one more time from a horizontal resistance and set a new higher low. After that, the price should set one more equal high. 3 equal highs and 2 higher lows will compose a bullish accumulation pattern. Please, note, that the price may easily set more equal highs and more consequent new higher lows and keep the pattern valid. Above is the example of a bullish accumulation pattern on Gold on an hourly time frame. The price set 3 equal highs and 3 consequent higher lows. This pattern will signify the weakness of sellers and the accumulation of buying volumes. The point is that each consequent bearish price movement from a resistance is weaker than a previous one. It means that fewer sellers are selling from the resistance and more buyers start buying, not letting sellers go lower. In our example, we can clearly see the consequent weakening, bearish price movements. This pattern indicates a highly probable breakout attempt of the resistance. A candle close above that provides a strong bullish signal. The broken resistance will turn into support and will provide a safe point to buy the market from. In our example, the market broke the underlined horizontal resistance and closed above that. It indicates the completion of a bullish accumulation and a highly probable bullish trend continuation. You can see that Gold retested a broken structure and then a strong bullish wave initiated. In a strong bullish market that we currently contemplation on Gold, this bullish pattern will provide a lot of profitable trading opportunities. No matter whether you are scalping, day trading or swing trading Gold, this bullish accumulation pattern will help you to predict long-term, mid-term and short-term bullish movements. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
1
if 2700 resistance strong, 2608 support broken, target 2580 zoneif retest 2700 resistance, 2608 support broken, target 2580 zone but there is potential weekly continue to drop mean we will see more correction later there 3 scenario 1. still going up to 2770 but stochastic not bottomed yet 2. straight to 2580 mean weekly bearish trend started target 2440 later 3. drop to 2640 then up to 2700 resistance retest and drop to 2580, this scenario still believed to leading to weekly bearish trend
OANDA:XAUUSDShort
by salvanost
THE KOG REPORT - ELECTION SPECIAL UPDATEEnd of day update from us here at KOG: The path has worked quite well so far with price testing the high, adhering to KOG's bias for the day and week and respecting the red boxes. We've managed to stay the right way and capture most of the move down completing nearly all the bias level targets on the KOG Report. So, what now? We have major support below at the 2650-55 region with slight extension in to 2645. If this level is attacked and defended in the coming sessions we should get a move back upside into the initial levels of 2675 and above that 2680-5. We do need to see a clean reversal for this to happen so let's be patient if you're looking to go long. Those who followed and are short, we suggested protecting and taking partials along the way while enjoying the move. For now, planned and executed, Excalibur and the red boxes performing well. Let's see what tomorrow's news brings. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
Oil futures plunged 6% intraday on weak demandConflict in the Middle East has failed to sustain the oil risk premium Despite the ongoing conflict in the Middle East, the crude oil market interpreted the recent events as a step towards de-escalation, leading to a gradual receding of risk premiums in the region. Over the weekend, Israel launched air strikes on missile sites inside Iran, which Iranian authorities claimed caused limited damage. Israel's choice not to target Iran's nuclear facilities or oil infrastructure, coupled with Tehran's restrained response, has led traders to view the likelihood of an immediate escalation of the conflict affecting oil supplies as low. The easing of geopolitical tensions has brought the market's attention back to underlying demand concerns and broader economic factors that continue to weigh on oil prices. Weak demand in Asia and Opec's production strategy Weak global demand has become the main driver of lower crude prices. Opec + has postponed a production increase originally planned for October, rescheduling it for December to avoid pushing prices down further. The alliance now aims to add 180,000 barrels a day by 2025, gradually increasing supply to stabilize prices. On the demand side, the expected growth in global demand, especially in Asia, has not been as strong as expected. With the spread of electric vehicles around the world, analysts warn that it may not significantly boost crude oil demand. Outlook: Short-term bearish on weak demand signals In the short term, oil prices appear to be under pressure from weak demand signals in key markets and little impact from the conflict in the Middle East. With major technical resistance levels and lacklustre demand weighing on the market, traders should expect a bearish outlook for oil prices unless global economic conditions improve or geopolitical tensions escalate, thereby directly threatening oil supply infrastructure. Near-term risks remain tilted toward further declines in crude oil prices as supply concerns fade and demand growth fails to keep pace with expectations. Technical analysis From a daily perspective, WTI crude oil futures prices, after falling to a low of $68.20 at the opening on October 18, rebounded ahead of an uptrend that began on September 10. Given the price action since then, it is clear that there are still plenty of willing buyers out there, despite the constant drumbeat of bearish fundamental news. While the opening gap may be closed in the near future, from a risk-reward perspective, it is best to enter at a lower level when trading long, allowing stops to be placed below the session low or the September 10 uptrend for protection. If that gap were to be filled, that would mean an initial trading target would be Friday's close of $70. After that, if the initial target level is reached, the 50 moving average and resistance above $71.67 are other targets.
TVC:USOIL
by xrrsxrrs