GOLD.PRO.OTMS trade ideas
GOLD BUY & SELL SETUP !!“The goal of a successful trader is to make the best trades. Money is secondary.” — Alexander Elder
Gold Consolidates Ahead of U.S. Election🟡 Gold Price Update: Currently at $2737.00
Gold has been moving sideways recently, showing a period of consolidation as market participants await further catalysts. This sideways movement reflects uncertainty and cautious positioning, likely influenced by the upcoming U.S. election. Historically, major events like elections can introduce volatility as investors seek safe-haven assets in times of uncertainty, and gold often responds with significant moves.
📊 Technical Outlook
Support Zone: $2725.00 - $2730.00
Resistance Zone: $2745.00 - $2755.00
Range: The current range-bound movement between $2725 and $2755 indicates that buyers and sellers are in balance for now, awaiting clearer market direction.
Key Indicators:
Relative Strength Index (RSI): Currently near the 50 level, showing neutral momentum. A breakout above 60 could signal buying strength, while a drop below 40 may suggest a bearish momentum.
Moving Averages: The 20-period SMA is close to the price action, underlining the ongoing consolidation. Watch for price action to decisively break above or below the SMA, potentially signaling a new trend.
Volume: Volume has been decreasing, suggesting a lack of strong conviction from either buyers or sellers. Look for a volume increase on any breakout to confirm the direction.
🔮 Possible Scenarios with U.S. Election Implications
With the election on the horizon, any surprising result or political uncertainty could cause a significant uptick in gold demand as investors seek safety. However, a clear result may bring stability, potentially putting downward pressure on gold.
Trade Setup Idea:
Bullish: Consider buying on a confirmed breakout above $2755, targeting $2780 or higher.
Bearish: A break below $2725 could open doors for a drop to $2700.
As always, keep your risk management tight and watch for news developments. The market will react sharply as new information comes in!
World gold prices fall when the USD index is anchored highInvestors are expressing caution ahead of the US Presidential election and the upcoming decision of the US Federal Reserve (FED) on interest rates.
Today (November 5), the US presidential election will take place. Public opinion polls show that Democratic candidate Kamala Harris and Republican candidate Donald Trump are closely tied in the race for the White House.
UBS analyst Giovanni Staunovo shared: "The driving force for gold this week will be the US presidential election. If Donald Trump wins, the gold price will move faster closer to the target of 2,900 USD/ ounces, gold will likely fall if Ms. Kamala Harris wins.
Meanwhile, the Fed's interest rate decision is unlikely to create much change, because the bank will likely signal further cuts in line with market expectations."
🔥 XAUUSD BUY LIMIT 2727 - 2725🔥
✅TP1: 2755
✅TP2: 2765
✅TP3: OPEN
🚫SL: 2724
🔥 XAUUSD SELL LIMIT 2753 - 2751🔥
✅TP1: 2745
✅TP2: 2735
✅TP3: OPEN
🚫SL: 2760
XAUUSD Hits the “Shield” of Resistance: Correction or Rebound?Currently, XAUUSD is facing a strong resistance zone at 2,748 USD/oz, with the 34 EMA acting as a “shield” that deflects buyers' recovery efforts.
If the price fails to break through this resistance, it may correct down to the support zone at 2,720 USD/oz, with a potential further dip to 2,705. This area could offer buyers a chance to "get back in the game."
The latest news adds fuel to the fire: Expectations that the Fed will maintain high interest rates are strengthening the USD, putting pressure on gold prices. However, pre-election uncertainty in the U.S. is boosting demand for safe-haven assets, which could trigger an unexpected rebound if tensions escalate.
Suggested Strategy: Stay calm and observe price reactions as they approach support or resistance levels. This is a moment to exercise patience, waiting for clear opportunities, ready to seize the “wave of opportunity” when the market gives a clearer signal.
GOLD 05/11 OTE
Order Block (OB) Zone: The chart indicates a strong resistance level in the red-shaded area labeled "-OB" around 2,750. This zone signifies a potential reversal or strong selling point if the price reaches there, aligning with an Overbought Trigger Event (OTE).
OTE Zone: This Optimal Trade Entry (OTE) zone is marked in blue below the OB zone. It’s a significant level, usually associated with retracement and an ideal entry for short positions if price action confirms resistance.
Support Levels: The green lines around 2,727 and lower levels indicate multiple support areas. They suggest potential bounce points if the price declines, aligning with the Fibonacci
XAUUSD: Continue to Monitor Resistance at 2750-2758Gold has once again tested support without breaking it, indicating short-term upward momentum. During the Asian and European sessions tomorrow, consider focusing on low buys, with resistance continuing to be monitored around the 2750-2758 area.
The upcoming election news during the US session is likely to have a significant impact on the market, so while seizing opportunities, be mindful of potential risks.
Xauusd Making Move Towards BuyOANDA:XAUUSD Gold price is on the defensive below $2,750 in European trading on Monday, erasing the early gains. The downside, however, appears elusive amid the US presidential election risks and the ongoing Middle East geopolitical tensions.
7 Reasons i told you GOLD will GrowUPDATE!
UPDATE!
You might have a PhD or Highly Educated & thousands of Publications, But can you read the future??
Hello Traders,
I Thought I will Leave this here for you!
Please Like, Comment and share is you thought it was useful to you!
7 Reasons Gold will continue to Grow
Correlation to Inflation
Certainly, during times of economic crisis, investors flock to gold. When the Great Recession hit, for example, gold prices rose. But gold was already rising until the beginning of 2008, That said, gold prices rose further, even as the economy recovered. Essentially that means, as more people buy gold, the price goes up, in line with demand. It also means there aren't any underlying "fundamentals" to the price of gold. If investors start flocking to gold, the price rises no matter what shape the economy is or what monetary policy might be. That doesn't mean that gold prices are completely random or the result of herd behavior. Some forces affect the supply of gold in the wider market, and gold is a worldwide commodity market, like oil or coffee.
Supply Factors
Unlike oil or coffee, however, gold isn't consumed. Almost all the gold ever mined is still around and more gold is being mined each day. If so, one would expect the price of gold to plummet over time, since there is more and more of it around. So, why doesn't it? Aside from the fact that the number of people who might want to buy it is constantly on the rise, jewelry and investment demand offer some clues. "It ends up in a drawer someplace." The gold in jewelry is effectively taken off the market for years at a time. Even though countries like India and China treat gold as a store of value, the people who buy it there don't regularly trade it (few pay for a washing machine by handing over a gold bracelet). Instead, jewelry demand tends to rise and fall with the price of gold. When prices are high, the demand for jewelry falls relative to investor demand.
Central Banks
Big market movers of gold prices are often central banks. In times when foreign exchange reserves are large, and the economy is humming along, a central bank will want to reduce the amount of gold it holds. That's because the gold is a dead asset—unlike bonds or even money in a deposit account, it generates no return. The problem for central banks is that this is precisely when the other investors out there aren't that interested in gold. Thus, a central bank is always on the wrong side of the trade, even though selling that gold is precisely what the bank is supposed to do. As a result, the price of gold falls. Central banks have tried to manage their gold sales in a cartel-like fashion, to avoid disrupting the market too much. Something called the Washington Agreement essentially states that the banks won't sell more than 400 metric tons in a year. It's not binding, as it's not a treaty; rather, it's more of a gentleman's agreement—but one that is in the interests of central banks, since unloading too much gold on the market at once would negatively affect their portfolios.
ETFs
Besides central banks, exchange-traded funds (ETFs)— which allow investors to buy into gold without buying mining stocks—are now major gold buyers and sellers. Both ETFs trade on the exchanges like stock and measure their holdings in ounces of gold. Still, these ETFs are designed to reflect the price of gold, not move it.
Portfolio Considerations
Speaking of portfolios, A good question for investors is what the rationale for buying gold is. As a hedge against inflation, it doesn't work well. However, seen as one piece of a larger portfolio, gold is a reasonable diversifier. It's simply important to recognize what it can and cannot do. In real terms, gold prices topped out in 1980, when the price of the metal hit nearly $2,000 per ounce (in 2014 dollars). Anyone who bought gold then has been losing money since. On the other hand, the investors who bought it in 1983 or 2005 would be happy selling now. It's also worth noting that the 'rules' of portfolio management apply to gold as well. The total number of gold ounces one holds should fluctuate with the price. If, for example, one wants 2% of the portfolio in gold, then it's necessary to sell when the price goes up and buy when it falls.
Retaining Value
One good thing about gold, is that the purchasing power of gold has stayed quite constant and largely unrelated to its current price.
The Bottom Line
If you're looking at gold prices, it's probably a good idea to look at how well the economies of certain countries are doing. As economic conditions worsen, the price will (usually) rise. Gold is a commodity that isn't tied to anything else; in small doses, it makes a good diversifying element for a portfolio.
Link to Previous Chart
I hope this was clear and informative for all of you, I wish you a good 2024 to 2025.
Global Fx education
XAU/USD🪙 XAU/USD I have the following preview of this pair>>🖊️ On the Daily chart we closed in M2 Daily when Friday's candle was pulled down. On 4HTF we closed below Long M2 4H where wpoc and vpoc Friday are located, we also have short M2 here and on 30MTF we are below vwap this is strong resistance for me. If it breaks through and the candle closes above these zones then it is bullish for me, but now I am bearish according to all confluences. I would expect these scenarios. Of course we will see what the market offers on Monday. I have zones set that I will watch.👀 📝
Gold uptrend continues in upchannalGold uptrend continues in upchannal, It has retraced exactly uptrendline
Gold Prices Dip as USD Rebounds Global gold prices continued their downward trend, with spot gold dropping by $11 to $2,736.5 per ounce, a decrease of $10.9 from yesterday morning.
The rebound of the US dollar exerted significant pressure on gold, causing the precious metal to lose 0.2% in a day after a 1.5% drop on Thursday. Consequently, the dollar regained its previous losses and climbed by 0.4%, making gold a less attractive option for investors.
GOLD BUYSLooking to take 75 % Partials at 2770.
Final position close at 2780
Lets see how everything goes
Xauusd sell NFP signal Gold recovers some lost ground and trades slightly above $2,750 on Friday. The uncertainties surrounding the US presidential election and the ongoing geopolitical tensions in the Middle East provide some support to the precious metal as focus shifts to key US data.
Gold now sell 2753
Support 2730
Support 2720
EVERYONE SELL GOLD NOW!!!!!!!!!Gold completed +350pips from my posted signals idea on gold sell now again we have retest from the fvg with strong candle rejections from the premium fvg and confirming the sell entry is using spinning candle confirmation indicating a trend reversal am in on sell from this zone targeting new lows......
JOIN AND ENJOY
Tell us your views on this...............
Gold Intraday Trading Plan 11/8/2024The downward trend is inevitable in spite of FED interest rate decision yesterday. 2D TF, it has broken the support line at 2720.
I am expecting it go up initially and drop from around 2726.
1st target will be 2680.
Gold will fall again after a small upward movementInstrument:
Time Frame: H4 Chart
Observations:
1. A Strong choch was identified after several BOSes
2. That Choch changed the direction of trend from up side to down.
3. Fair Value Gape was also Observed at the place where ChOch formed
4. Gold is going up to fill the fair value gape and it will get instant reversal from P.O.I
Trading Strategy:
In this trade Our Risk Reward Ratio will be (1:5)
Right Now We put Buy Entries Upto 2735
Strong Selling Zone will be 2735_2740
little above the P.O.I will be our S.L= 2755
the Previous L.L will be our Take Profit= 2642
READY SELL GOLD AT RESISTANCE ZONE Here on Gold price pushed down but now recovery so it likely to move down more if it reach a resistance zone of 2708.234 so trader should go for SHORT and expect profit target of psychological level of 2615.000 with stoploss of around 2737.730 . Use money management
XAUUSD Trading Idea 07/11/2024Overall Trend: The chart shows an extended uptrend from the left side, followed by a significant downtrend. There are potential signs of trend exhaustion near the recent lows, but no clear reversal yet.
Sentiment: 0 (Neutral)
Patterns: Head and Shoulders Top (bearish reversal pattern), Descending Channel (bearish continuation pattern)
Strategy: A bearish strategy seems appropriate given the recent downtrend and bearish patterns. Potential short entries could be considered on a break below the recent swing lows or on any failed rally attempts into resistance levels. Alternatively, a bullish countertrend strategy might be viable if the market shows clear signs of a trend reversal and breaks above the descending channel resistance.
Sentiment Analysis: The recent sharp sell-off and bearish chart patterns suggest a shift in sentiment towards a more bearish stance, although the market remains indecisive near the current levels.
Market Structure: The Head and Shoulders Top pattern identified a major swing high, followed by a series of lower swing highs and lows, indicating a strong bearish impulsive move. The recent sell-off encountered support near the 2663 level, forming a potential swing low. A break below this level could expose further downside targets.
Order Flow: The sharp sell-off suggests significant selling pressure overwhelming buyers. However, the recent price action around 2663 shows some buying interest emerging, potentially indicating a struggle for control between buyers and sellers.
Potential Entries:
Short: 2640, 2620 (break of support)
Long: 2695, 2720 (break of resistance)
Stop Loss: Short - Above 2720, Long - Below 2640
Take Profit: Short - 2600, 2580, Long - 2740, 2780
Signal Strength: 65 (Moderately Strong)
Next Analysis: Monitoring order flow and volume at key support/resistance levels to gauge potential trend continuation or reversal. Additionally, analyzing higher timeframe charts for broader market context and alignment.
who even is shorting gold right now? welp thats me.Gold surge is mostly because of war concerns, trump assuming office will provide us peace in the long run.. we have a structural edge with 2 sizes
1 is already confirmed and the 2nd one is theorized.
now that we break and lose levels below the neckline we will visit the larger structure pattern for the right shoulder. a bearmarket rally to the right should should provide the test and confirmation for a larger distribution on a larger scale.
my home run is on 2400 area but i will take profit on any major levels and keep my position running and hedge ofc against it.
GL to all traders and investors.
GOLD showing signs of post election bull runWe can see this through 3 confirmations;
-break above of long term channel symbolized with blue line,
-shortly after the break above price formed a new channel symbolized with light purple line which was then broken above too,
-the most important confirmation is continuous support at 2733 where before it broke above of both channels, it supported 2733
XAU/USD Buy Entry Gold is in a bullish trend, we can take entry on a bit more correction & place SL on the last HL.
mini double bottom could lead to retest very high resistance zonmini double bottom could lead to retest very high resistance zone
because it can be seen as reversal signal
so waiting and monitoring 2772 for now
