xauusd 11/3/2023 next predition time make $$$$$$ on xauusd us30 gbpusd eurjpy etc...... lest make profit
GOLD.PRO.OTMS trade ideas
Gold Intraday Trading Plan 11/4/2024This is my prediction for gold today. As explained in my weekly review, i expect gold to form a head and shoulder pattern.
Therefore, I expect gold to rise to 2745 then drop to 2720 and reverse again in US trading session to 2745.
I will look for the trading opportunity at the indicated key levels in the chart.
XAUUSD SELL PROJECTION Gold XAUUSD gas been bullish for a while, and we can see a breakout from The channel and is forming rectangular trend, so I expect price to hit the supply zone and go short
Bullish in Gold from herefrom my MAP Strategy GOLD will be Bullish from here
MAP strategy is my own way if you see carefully in the chart and the line which price moves between them
XAUUSD 12M 1. Elliott Wave Structure Overview
Wave 1 to Wave 5 (Impulse Waves): The chart outlines a classic five-wave impulse structure, indicating a long-term uptrend for XAU/USD. This sequence suggests a series of strong moves up, with each wave climbing to higher price levels.
Wave 5 Completion: The fifth wave appears to have reached its final stages, potentially signaling the invalidation extension above Wave 5 if the price moves higher than 3,187.83. This marks the end of the impulsive phase and could lead to a corrective phase (A-B-C pattern).
2. Corrective Phase (A-B-C Waves)
Wave A (Initial Decline): If Wave 5 is complete, we may see an initial decline in prices, marking the start of Wave A in the corrective phase. This move typically retraces the preceding impulse and could lead prices toward lower support levels.
Wave B (Corrective Rally): Wave B is often a short-lived rally within the larger downtrend and may present a false breakout or inducement for retail traders. This rally can lure traders into buying prematurely, only for the market to resume its decline.
Wave C (Continuation of Decline): Following Wave B, Wave C typically resumes the downtrend. This final corrective wave might present a significant buying opportunity as it reaches strong support levels, such as the Point of Control (POC) around the 1,400.00 area, a common zone of equilibrium in the market.
3. Key Fibonacci Levels and Their Importance
0.618 Retracement: Fibonacci retracement levels like 0.618 are crucial for identifying support zones during corrections. This level, marked at around 890.62, is annotated as MUST NOT PASS WAVE 1 INVALIDATION, indicating a strong support area in the corrective phase.
1.236 and 1.618 Extensions: The 1.236 and 1.618 Fibonacci extensions are key indicators of possible trend exhaustion. Specifically, 1.618 at 2,778.78 is noted as the potential maximum for Wave 5, signaling an area of volume divergence where momentum might start to weaken.
4. Volume Divergence and Implications
Divergence in Volume on Wave 5: A decrease in volume while prices continue rising (volume divergence) in Wave 5 implies that buyer momentum may be fading. This could be a signal of an upcoming reversal or correction phase, aligning with the start of Wave A in the corrective structure.
5. Break of Structure (BOS)
Key BOS Levels: Break of Structure (BOS) marks areas where the market structure changes direction, signaling potential trend shifts. For example, BOS MSS Wave 1 (12M) indicates a structural shift in the first wave that could influence future trend changes.
BOS in Wave 3 (Potential Trend Shift): The BOS in Wave 3 may guide the corrective phase. If these BOS levels hold, they serve as critical areas of support or resistance during corrections, guiding potential entry or exit points.
6. Price Levels of Interest
Point of Control (POC): The POC, a high-volume node around 1,400.00, represents a point of interest and a key equilibrium area. In corrective phases, prices often return to this level, serving as strong support and a potential buy zone.
Premium and Discount Zones: The chart uses premium and discount zones to signify favorable buying and selling areas. The discount zone reflects levels where prices are seen as relatively low, and a buy opportunity might arise. Conversely, the premium zone signals overbought conditions and potential sell opportunities.
7. Market Psychology and Retail Traps
Inducement and False Breakouts: Terms like inducement Wave 4 (12M) highlight areas where retail traders may be led to buy or sell at suboptimal times. The fake breakout in Wave 4 suggests that traders might be lured into taking long positions, only for the market to reverse downward.
Markup Phase (12M): The markup phase typically occurs when institutional players drive prices higher, accumulating positions at lower levels before pushing the market up. The return to the flip zone indicates where institutional interest often lies, triggering rallies as it becomes a point of interest.
8. Next Week’s Trading Plan
Based on the analysis above, here’s a structured plan:
Primary Strategy: Seek short-selling opportunities if the chart is entering Wave A of the corrective phase, with the expectation that the market may decline in the short term.
Target Levels:
Wave A Support Zone: Watch for reactions at the 0.618 retracement level, around 890.62, which is annotated as a must-not-pass zone for invalidation. This area could attract buying interest if the price dips.
Wave B Resistance Zone: If Wave B forms, consider this a temporary rally. Short positions might be ideal if the price reaches the premium zone, signaling overbought conditions.
Wave C Completion: Look for a significant buy zone if prices reach key levels, such as the Point of Control (POC) near 1,400.00, marked as a point of interest and equilibrium zone.
Risk Management: Place stop-loss orders above the invalidation extension above Wave 5 at 3,187.83 to control risk if the wave count is proven wrong.
Volume and Price Action: Monitor volume spikes and price action during corrective moves to confirm trend reversals or trend continuations.
Summary of Key Points
The analysis suggests that Wave 5 may have peaked, with a corrective A-B-C structure likely to follow.
The corrective phase provides potential sell opportunities in Wave A and B, while Wave C could mark an ideal buy zone.
Use premium and discount zones to identify favorable buying and selling areas, and watch for retail traps like inducement and false breakouts.
Equilibrium areas like the POC (around 1,400.00) serve as potential support zones for longer-term buy positions.
(XAUUSD) Will It Fall?Gold recovers following Wednesday's sharp decline and trades above $2,680. The benchmark 10-year US Treasury bond yield edges lower after Trump-inspired upsurge, allowing XAU/USD to hold its ground ahead of the Fed policy decisions.
sell from this levelin NFP if price break the m15 neckliine and retest this level
we can try for sell untill 2600
XAUUSD XAUUSD ( Gold / U.S Dollar )
Completed " 125345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line
Fibonacci Level - 78.60%
Xauusd-DIf it breaks the upward trend line in daily time, we can enter the downward trend
The primary target is the size of a flag
Daily XU & GU Nov 2024Hello Traders! Markets were hot last night and the Asian Model played out for several pairs.
Analyzing the Factors Behind the Recent Gold Price Decline
A Post-Election Dip
Gold prices experienced a significant decline following the recent US election. The precious metal, often seen as a safe-haven asset, retreated as the US dollar strengthened and Treasury yields surged. This confluence of factors put pressure on gold, which tends to perform poorly in a rising interest rate environment.
Why Did Gold Fall?
1. Stronger US Dollar: A stronger US dollar typically weighs on gold prices. When the dollar appreciates, it becomes more expensive for foreign buyers to purchase gold, reducing demand for the precious metal.
2. Rising Treasury Yields: Higher Treasury yields reduce the appeal of non-yielding assets like gold. As bond yields rise, investors may shift their focus from gold to fixed-income securities.
3. Reduced Safe-Haven Demand: The election results, while not entirely unexpected, may have reduced some of the safe-haven demand for gold. Investors may have perceived less geopolitical risk and economic uncertainty, leading them to seek out riskier assets.
Is More Downside Ahead for Gold?
While the recent decline in gold prices has been significant, it's important to consider the factors that could influence its future trajectory:
1. Economic Uncertainty: Despite the post-election rally, global economic uncertainty remains elevated. Factors such as geopolitical tensions, trade disputes, and potential economic slowdowns could continue to support gold's safe-haven appeal.
2. Inflationary Pressures: Persistent inflationary pressures could drive investors toward gold as a hedge against currency devaluation. Central banks may need to tighten monetary policy to combat inflation, which could indirectly benefit gold.
3. Central Bank Demand: Central banks around the world have been significant buyers of gold in recent years. Continued central bank demand could provide support for gold prices.
Technical Analysis
From a technical perspective, gold prices have broken below key support levels. A further decline could be on the cards, with potential targets at the next significant support levels. However, it's important to note that technical analysis is not foolproof, and market sentiment can change rapidly.
Investor Strategies
Given the current market conditions, investors may consider the following strategies:
1. Dollar-Cost Averaging (DCA): By investing a fixed amount of money in gold at regular intervals, investors can reduce the impact of market volatility.
2. Physical Gold: Owning physical gold can provide a tangible asset and hedge against inflation.
3. Gold ETFs: Gold ETFs offer a convenient way to invest in gold without the physical storage costs.
4. Diversification: Incorporating gold into a diversified investment portfolio can help reduce overall portfolio risk.
In conclusion, while the recent decline in gold prices is concerning, it's essential to consider the long-term factors that could influence its future trajectory. Investors should carefully assess their risk tolerance and investment goals before making any investment decisions related to gold.
Gold Sell Strategy: Targeting Profits at 2737 and 2730, with a DSure! Here's your translation with a more detailed explanation and key points highlighted:
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**"I have analyzed the trading chart today and set a target for gold sell. My first profit target is **2737**, and the second profit target is **2730**. Even if the price touches **2744**, it will eventually come down."**
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### Key Points:
1. **Trading Analysis**: You’ve done your analysis on the gold chart for the day.
2. **Sell Target**: Your first profit target for selling gold is at **2737**, and your second target is **2730**.
3. **Price Movement Expectation**: Even if gold briefly hits **2744**, you believe the price will eventually drop and come back down.
The idea here is that you're anticipating a downward movement in the price of gold, with two specific levels where you expect to take profit. You're also considering the possibility of a slight upward movement, but ultimately, you believe gold will fall.
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Does this breakdown and translation meet your needs?
Gold Intraday Trading Plan 11/6/2024As predicted, gold did touch my support level and bounce to 2648.
I am expecting 2648 broken today and price should at least touch 2758, potentially 2772 before a new leg down.
Let's see what the market will give us.
Please be reminded today is election day. The market will be very volatile.
XAUUSD: Bullish trendToday, gold has tested the support at the 2732-2728 range again. So far, the support remains intact, and the short-term trend is still leaning towards a bullish outlook. Based on this, the primary trading direction in the current session remains bullish.
From a technical perspective, gold is likely to continue its upward momentum in the near term. The key resistance zone to watch on the upside is between 2750 and 2758. It is worth noting that a resistance level has emerged around 2745 since the market opened yesterday.
However, given the overall trend, this resistance does not pose a strong technical barrier at the moment, and a breakout above this level is not expected to face significant difficulty.
Therefore, if gold can break above the 2745 level, there is a high likelihood of further gains towards the 2750-2758 range.
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results.
Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
GOLD SHORT OVERVIEW (4H UPDATE)Overall bearish on Gold in the long term.
We have so far seen an impulse move down (Wave 1), now waiting for a corrective move (3 sub-waves) towards Wave 2.
XAUUSD 3M 1. Elliott Wave Structure and Key Levels
Wave 5 Completion (2,747.14): The fifth wave peaks around $2,747.14, reaching a 1.618 extension, suggesting this could be a point of reversal. The formation of volume divergence at this level indicates potential weakness in bullish momentum, marking a critical level to watch for a possible trend change.
Wave 1 (Current Correction Phase): The chart shows a beginning corrective move from Wave 5, indicating an A-B-C structure may follow. This corrective phase could bring prices down to fill previous gaps and approach key support levels.
2. Wyckoff Phases and Distribution Structure
Phase A (Accumulation - $1,046.23 to $1,512.84): This phase includes a consolidation around the $1,046.23 low and forms the base before a significant rally. The Automatic Rally (AR) and Secondary Test (ST) suggest the end of Phase A and a potential upward shift in market sentiment.
Phase B (Mark Up and Distribution at Resistance): After accumulation, prices move up in a mark-up phase, testing the Resistance Line of BC Distribution. This area includes Upthrust (UT) and Upthrust After Distribution (UTAD), which are signs of potential distribution before a downtrend.
Phase C (Breakdown Expected): Phase C may involve the start of a downtrend from Wave 5, with price likely returning to lower levels for further testing. This phase includes the Sign of Weakness (SOW) and anticipates a retest of support near $1,512.84.
3. Fibonacci Levels
0.618 Retracement ($890.62): The 0.618 retracement level is marked as a strong support, below which price should not pass without invalidating the bullish wave structure. This level could act as a long-term support area during the corrective phase.
1.236 Extension ($2,369.74): The 1.236 level marks a significant potential reversal area for Wave 5. A move back to this level could signal the completion of a deeper pullback, possibly a key point of interest for traders looking for long-term entries.
4. Liquidity and Key Order Blocks
Liquidity Void: The chart highlights a liquidity void in the three-month time frame (3M), representing an area where price may revisit to fill previous inefficiencies. This void may act as a magnet, attracting price downward in the corrective phase.
Buy-Side Liquidity (BSL) Area: The Buy-Side Liquidity (BSL) near the recent highs represents a key area where stop losses and limit orders are likely concentrated. This region may experience volatility as larger players look to capitalize on retail stop losses.
5. Support and Resistance Lines
Resistance Line - BC Distribution ($1,720.00): The $1,720.00 level acts as a key resistance line in the distribution phase. A break above or below this level in Phase B may confirm the direction of the trend and could signal a shift in momentum.
Support Line - AR Distribution ($1,512.84): The $1,512.84 level serves as a critical support in the accumulation phase and may act as a bottom if the market revisits this area in the corrective structure.
6. Break of Structure (BOS) and Market Sentiment Shifts
BOS Wave 3 (12M): The Break of Structure (BOS) in Wave 3 on the 12-month chart signals a major structural shift, often indicating the end of one trend and the beginning of another. This point may see increased volatility and shifts in market sentiment.
BOS in Phase B (3M): The BOS within Phase B on the three-month time frame highlights potential points of interest for continuation or trend reversal. It indicates that a shift in sentiment may occur, influencing market participants to prepare for trend changes.
7. Dealing Ranges and Points of Control (POC)
Dealing Range (12M-3M): This range, marked at recent swing high and low levels, provides a boundary for price movement, with the Point of Control (POC) likely aligning with high-volume areas. The dealing range helps in identifying areas where price could consolidate or reverse.
Current Trend (Dealing Range for Wave 4): The range defined for Wave 4, including swing highs and lows, offers insight into the ongoing market structure. Observing price behavior within this range helps to gauge the momentum of the corrective wave.
8. Next Week’s Trading Plan
Primary Strategy: The corrective phase is expected to continue, with a probable downward move to fill liquidity voids and test lower support areas.
Key Target Levels:
Downside Targets: Monitor support around $1,720.00 (Resistance Line) and $1,512.84 (Support Line). These levels could provide entry points if price tests and holds as support.
Upside Targets: Watch for potential shorting opportunities if price retests resistance near the recent swing high at $2,747.14.
Risk Management: Stop-loss orders should be placed above recent highs around $2,800.00 to manage risk if there’s an unexpected upward move.
Volume and Price Action: Look for volume divergence or signs of weakness near resistance levels, especially around the 1.618 level ($2,747.14), as they could signal a trend reversal.
Summary of Key Points
Wave 5 likely completed at $2,747.14, with a corrective A-B-C structure now underway.
Wyckoff Distribution phase suggests further downside as Phase C unfolds, targeting key support levels.
Liquidity voids and POC levels act as magnets for price, which may revisit these areas during corrections.
The Resistance Line at $1,720.00 and Support Line at $1,512.84 are essential for tracking entry and exit points in line with the current downtrend.
Gold is ready for downtrend Hey fellow traders, this is my view on Gold for the next coming months. We might revisit early 2000 and that should for last for about 6 months
XAUUSD View!!Spot Bitcoin ETFs Bring In No New Money, Only Recycled Investments
In a series of X posts on November 2, Bianco claimed the Spot Bitcoin ETFs despite their impressive inflow record do not attract any new investments to the underlying asset. Firstly, The analyst applauds the performance of these institutional funds some of which rank as the best-performing ETFs of 2024 following their launch in January.
Gold weekly summary and forecast 11/2/2024As expected in my last week's forecast, gold indeed touched upper end of the channel and dropped quickly and closed the week with a red candle.
I expect a few weeks' selling session is coming, if the channel is broken next week.
From 2d TF, bearish trend is not confirmed yet. I expect a head-shoulder pattern to form next week. So Monday we may see a quick drop to 2720 and reverse from there.
We could see a drop from 2760 on Wed onwards and close the week with strong red candle. Next week's low will be at least 2678.
Let's see what the market will give us.
Happy weekend and happy trading to all.
