XAUUSD looking for next motive wave higherHi fellow traders, XAUUSD is ready to make a move higher from the blue box after it completed the complex correction and hit the fib level. Target the 2728.49 level. Good luck and trade safe!
GOLD.PRO.OTMS trade ideas
NEW IDEA FOR GOLD Continued interest rate cuts will lead to a strengthening of non-yielding gold
Looking at the trend on the one-hour time frame, gold is swinging in a descending channel that has now broken the intermediate level to the upside.
In general, this scenario is strengthened that gold can increase to the resistance of the ceiling of the channel in the range of $2717, provided that the support interval is maintained in the range of 2676-2668. be
Gold -Trade Plan -06/11/2024Dear Traders,
According to Election of USA , Gold started Downaward movement to 2701 and Made LL,
if the daily close is near 2700, we will look for lower entry points. For now, I'm waiting for the daily and weekly candles to complete. Currently, the 2701 level is the most crucial area for determining our bullish or bearish bias."
Dont Forget Like&Comment please !
Regards,
Alireza!
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under selling pressure within the last day . The pair moved up to the level of 2,590.00.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,592.
Set your stop loss at 2,585. below the previous low ($7.00 loss for 0.01 lot) and take profit at 2,625. ($32.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
XAUUSDGold could resume its downtrend before rising again at the end of the afternoon, still on a downtrend I see.
Gold Intraday Trading Plan 11/11/2024As guided. in my weekly summary and forecast, this week's main theme is selling.
However, 4hrly TF is still not bearish. I am expecting an initial drop to 2670 level and bounce up to at least 2709, or even 2727. There are the two levels I am looking to sell.
Again let's trade by pattern not by emotion.
Bearish drop?The Gold (XAU/USD) is rising towards the pivot which acts as an overlap resistance and could reverse from this level to the 1st support which has been identified as a pullback support.
Pivot: 2,671.48
1st Support: 2,641.00
1st Resistance: 2,709.12
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold Intraday Trading Plan 11/7/2024Gold has fallen sharply because of election result. This is highly matched to my prediction in weekly TF. And in daily, it has broken the channel, which indicating heavy sells ahead.
Now the path is tricky. Although bearish trend is obvious, Intraday trading is difficult.
Due to large red candle, we may see correction taking place. Patience is the key.
I would expect price touch 2640 in Asian session and bounce back to 2670. Afterwards, a new leg down takes place.
Let's see what market will give us.
Xauusd buy confirm signal Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790.
Gold now buy 2739
Support 2752
Support 2758
Xauusd buy confirm signal Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790.
Gold now buy 2739
Support 2752
Support 2758
XAUUSD Possible Pullback from Trend line Rejection Technically trendline, Expecting pullback from Give BUY Limit. This is prediction valid for today.
GOLD - at his final support? what's next??#GOLD.. perfectly hit our targeted area that was share in my last idea.
now keep close the our fresh region. that is from 2613 14 to 2620 21
that region is one n only hope for buyers. keep close it guys.
that is single hope for buyers. if market hold it in that case you can see again bounce from here. otherwise not at all.
dont be lazy here. stay sharp.
good luck
trade wisely
GOLD (XAUUSD): Updated Support & Resistance Analysis
Here is my updated structure analysis and
important supports & resistances on Gold.
Horizontal Structures
Resistance 1: 2708 - 2732 area
Resistance 2: 2745 - 2761 area
Resistance 3: 2787 - 2790 area
Support 1: 2638 - 2648 area
Support 2: 2586 - 2608 area
Vertical Structures
Vertical Resistance 1: Rising trend line
For now, we can expect a bearish pressure from a Horizontal & Vertical Resistances 1.
Local bearish bias remains.
❤️Please, support my work with like, thank you!❤️
XAU/USD Longs from 2,66.000 back up?My analysis this week suggests that gold may accumulate around my point of interest at 2,660.00, where a 9-hour demand zone has formed. With liquidity and imbalance left to the upside, price might look to continue in its pro-trend direction.
Alternate Scenario: If price reaches the area around 2,740.00, we might see a retracement or bearish reaction. Given recent bearish pressure that’s led to a CHoCH and BOS, this scenario could align with the current order flow.
Confluences for GOLD Buys:
- A clean, unmitigated demand zone below.
- DXY has shown strong upside movement and may be due for a pullback.
- Significant liquidity lies to the upside.
- The overall market trend remains bullish.
P.S. If price respects the 9-hour supply zone and continues breaking structure to the downside, it could validate a temporary bearish move. Have a great trading week!
XAUUSD: Monitor Support Levels at 2673-2667Gold has dropped significantly! Last week, I advised everyone to hold their short positions over the weekend, and now we’re seeing substantial profits. Congratulations to all who followed the strategy signals—you’ve just secured your first big win of the week!
Gold is experiencing rapid fluctuations, offering traders a prime opportunity to make strategic entries! Today, the key support lies between 2673-2667—if this support holds, a strong rebound is highly likely! Keep an eye on resistance at 2687-2692; breaking above this level could lead to further upside. However, if support fails, prices may retest the previous low around 2652. For those looking to capitalize on this wave, stay alert to these key levels
The fourth wave correction of gold and purple endsGold 1 hour level wave count: purple fourth wave yellow 3 wave abc correction is over, and the last rush just completed purple fourth prodigal wave yellow c wave 5. At the same time, the correction reached the Fibonacci 0.786 area, which is still within the 4-hour order block OB area. The layout of medium and long-term long orders has begun, looking towards 3000.
XAUUSDXAUUSD: I think the correction phase is over. I want to Buy Gold right here with just 0.50% of risk.
GOLD Update: Consolidation Zone with Bearish Breakout RisksTechnical Analysis
The price dropped from 2677 to 2606, approximately $70, as mentioned yesterday.
Today, the price is expected to consolidate between 2587 and 2606 until a breakout occurs.
A bearish trend will be activated if a 4H candle closes below 2587, targeting 2553. Conversely, a 4H candle close above 2606 would indicate a bullish trend, with potential targets at 2629 and 2644.
Key Levels:
Pivot Point: 2587
Resistance Levels: 2606, 2616, 2629
Support Levels: 2574, 2553, 2526
Trend Outlook:
Consolidation between 2587 and 2606
Bearish trend below 2587
previous idea:
Gold 1H Intra-Day Chart 10.11.2024Our Gold sell position is playing out nice. Expecting bears to remain in control. Here is what I am looking for tomorrow;
Option 1: Gold pushes a little higher towards the $2,720 - $2,740 zone for LQ, before dropping back down again.
Option 2: Gold keeps dropping from current market price.
XAUUSD OUTLOOK FOR 11/11/20241. Key Levels Highlighted:
Major Resistance Level: $2,790.08 – This is marked as the "INVLADATION WAVE 0," indicating the point at which the wave structure is no longer valid.
Bearish Order Block (OB): Around $2,722.29 – Serves as potential resistance, highlighted for observing potential price rejection.
Support Level: $2,612.61 – This is the "WAVE 1" level, indicating a strong support zone that could serve as a reversal point during a corrective phase.
Fibonacci Levels:
0.618 Retracement: $2,722.29, coinciding with the OB, suggesting confluence for resistance.
0.5 Retracement: $2,701.36 – A common retracement level that could act as a potential support or reversal point.
2. Updated Explanatory Style for Outlook:
Current Phase Overview:
The analysis indicates that XAU/USD is completing Phase D of the Wyckoff Distribution. This phase usually precedes a markdown in price, aligning with the MARK DOWN (8H) label.
Wave 5 Completion: The chart shows Wave 5 has potentially concluded, signaling a shift towards a corrective phase.
Potential Price Movements:
Bearish Scenario: The presence of a bearish OB near $2,722.29 and key Fibonacci retracement levels suggest that XAU/USD might face significant resistance here. If price rejects these levels, a continuation downward is possible, targeting the $2,612.61 support.
Bullish Scenario: Should price break above the $2,790.08 resistance (Wave 0), this invalidates the bearish outlook, signaling potential continuation to the upside.
Liquidity Analysis:
The notation "LOW RESISTANCE LIQUIDITY RUN" suggests minimal resistance if price breaks certain support levels, which could accelerate a move downward.
3. Outlook Summary:
Bearish Bias: The chart suggests a cautious outlook with a potential markdown phase. Observing price action at the bearish OB ($2,722.29) and the $2,701.36 Fibonacci level is crucial for confirmation.
Corrective Wave Expectations: If Wave 5's completion holds true, a corrective structure (likely ABC) could emerge, pulling prices toward the lower support region around $2,612.61.
4. Key Takeaways and Trading Tips:
Watch for Confirmation: Before entering a trade, look for strong rejections or breakouts at the highlighted OB and Fibonacci levels.
Risk Management: Place stop losses above $2,790.08 if entering short positions to protect against invalidation of the current wave count.
Monitor Volume: Higher volume at these resistance points could strengthen the case for a reversal.
XAUUSD / UNDER DEMAND ZONE PRESSURE / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
This analysis describes a potential price movement for gold within a 1-hour timeframe based on demand and supply zones:
The demand zone is identified between $2,643 and $2,659. The text suggests that if gold prices stabilize at or above this zone, it could signal an upward move.
If prices stabilize within or above the demand zone, they may rise to the supply zone, located between $2,688 and $2,703 , If prices surpass the supply zone, the next target level mentioned is $2,710.
If prices break below the demand zone (below $2,643), it could indicate a potential decline , In this case, target levels would be $2,618 and $2,605.
XAUUSD first time under the MA200 (4h) in 3 months.Gold broke today under the MA200 (4h) for the first time since August 7th.
So far that hasn't invalidated the 5 month Channel Up, in fact today's low makes a perfect Higher Low for the bearish wave.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2845 (+7.31% rally, which is the lowest it has so far inside the Channel Up).
Tips:
1. The RSI (4h) hasn't been this oversold (reached 20.00) inside the Channel Up. An additional strong buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Gold 1H Intra-Day Chart 06.11.2024Clear Head & Shoulder pattern on Gold, indicating further downside. Here is what I am looking for next;
Option 1: Gold pushes a little higher towards the $2,760 zone for LQ, before dropping back down again.
Option 2: Gold keeps dropping from current market price.
