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GOLD Spot (XAUUSD) (OANDA EU Clients)GOLD Spot (XAUUSD) (OANDA EU Clients)GOLD Spot (XAUUSD) (OANDA EU Clients)

GOLD Spot (XAUUSD) (OANDA EU Clients)

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GOLD.PRO.OTMS trade ideas

Few things can happen for GoldGood drop because of tight election night so here is the way gold can do; It need to break Resistance 2,663 | 2,685 & 2,700. If it breaks those 3 resistance the but will remain strong and will hit back to 2,725 thru 2,765 zone. If you are in the buy now please be very careful and cautious cuz the resistance are very tight. 2,650 is a pretty strong support along with 2,640 & 2,625.. the buyers should be just fine. Please be cautious and dont put SL too far; place at least %12-14.5 percent away from your entry so you wont lose much. SL : 2,660.70 or 2,659.75 I known its close but it can spike pretty quickly before you know it. So please use proper risk management Lets make this money
OANDA:XAUUSD
by JoyBoyVegae
Gold Wave Analysis 6 November 2024 - Gold broke support area - Likely to fall to support level 2600.00 Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October. The breakout of this support area accelerated the active minor ABC correction from the end of November. Gold can be expected to fall further to the next support level 2600.00 (which stopped the previous intermediate correction (4) in October).
FX_IDC:XAUUSDShort
by FxProGlobal
GOLD H12 IdeaRecord High and Pullback Gold recently hit a record high of $2,790.17, mainly driven by safe-haven buying due to uncertainty around the U.S. election and tensions in the Middle East. However, it pulled back to $2,736.45 as the U.S. dollar and Treasury yields rose, making non-yielding assets like gold less attractive. Weak Jobs Data and Fed Rate Cut Expectations The latest U.S. Non-Farm Payrolls report showed a low increase of 12,000 jobs, supporting hopes for a Fed rate cut on November 7. This expected cut could make gold more appealing by reducing the opportunity cost of holding a non-yielding asset. A 25-basis-point cut is nearly priced in, though dollar strength is currently offsetting some of this potential support. Technical Indicators Point to Bearish Reversal Gold’s weekly chart shows a possible bearish reversal pattern, with $2,724.75 as a critical support level. If prices drop below this level, it could lead to further declines, potentially targeting $2,697.28 or even $2,604.39. Upcoming Events and Market Impact With the U.S. presidential election and Fed decision next week, markets expect heightened volatility. The election uncertainty could continue to support gold’s safe-haven demand, while a Fed rate cut might add further upside if announced. Outlook If gold holds above $2,724.75, it may signal consolidation and possible upside, especially if the Fed cuts rates as anticipated. Conversely, a break below this support could confirm a short-term correction. For now, the market leans toward a cautious bearish stance in the short term, with potential support from safe-haven demand and lower rates longer term. Traders should monitor critical levels and prepare for swings tied to the election and Fed decision.
OANDA:XAUUSD
by GOLDFXCC
XAU/USD 06 November 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As outlined in yesterday's intraday analysis dated 05 November 2024, I mentioned that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. While price has not yet printed a bullish CHoCH, it has moved up to the premium of 50% EQ, allowing me to confirm the internal structure. Intraday Expectation: Price is anticipated to target the weak internal low. Note: Given the ongoing Presidential elections, the Fed’s softer stance, and heightened geopolitical tensions, price is expected to remain highly volatile. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - Gold 3Month (quarterly)Overview: Gold and silver have performed remarkablely in 2024, emerging as the two best-performing assets of the year. Precious metals often serve as safe-haven assets during times of economic uncertainty, and this year has proven no exception. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward. By the end of October, silver had surged by 42.4 percent, a dramatic increase that reflects growing demand and limited supply. Gold, similarly, has gained 33.7 percent, solidifying its role as a reliable store of value. These gains in the precious metals market outpaced other commodities and most traditional financial assets. For comparison, the NASDAQ—the best-performing stock index—has gained 24 percent over the same period. This robust performance in the NASDAQ reflects strength in technology stocks, yet it still falls short of the exceptional growth observed in gold and silver. Such trends highlight the unique appeal of precious metals, especially during periods of market turbulence and geopolitical tension. Watch the RSI as another blue candle will indicate a Q4 bullish momentum that may continue into the New Year. As for a Red Q4 Candle... This may push the RSI below the 80, creating a bearish Divergence in the LONG term. This Pullback may even look like a trend reversal. Keep in mind a healthy market needs to retrace. Key Levels: 2450 2315 2235 (Support)
FX:XAUUSD
by nikdobii
GOLD NEXT MOVE (expecting a bearish move) (03-10-2024)Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (03-10-2024) Current price- 2649 "if Price stays below 2665, then next target is 2639 and 2625 and above that 2675". -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
OANDA:XAUUSD
by AnupZiddi
12
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.
OANDA:XAUUSDLong
by Mia-Signal
Gold-dollar, dailyGold prices meet͏ more selling push with strong U. S. dollar, driven by hope about Donald Trump’s likely growth plans and his suggested 10% import tax which might raise costs and hold back the Federal Reserve's ability to cut rates. This has helped boost higher U. S. Treasury yields, drawing investors away from the non-yielding gold. Traders are cautious ahead of U.S. inflation data and Federal Reserve Chair Jerome Powell’s speech, which could influence future price moves and more specifically may limit losses in the near term. From a technical point of view, the price is testing a major support area consisting of the 23.6% of the weekly Fibonacci retracement level, the lower band of the Bollinger bands as well as the 50-day moving average. If it manages to make a valid break below this area then the next area of possible support might be seen around the $2,600 price level which consists of the psychological support of the round number as well as the 38.2% of the weekly Fibonacci retracement.
FOREXCOM:XAUUSD
by Exness_Official
Is Overtrading Ruining Your Profits? Find Out Now!Is Overtrading Ruining Your Profits? Find Out Now! Understanding Overtrading: Causes, Symptoms, and Prevention Strategies What Is Overtrading? Overtrading is a dangerous practice in the trading and investment landscape, defined by the excessive buying and selling of financial instruments that often goes beyond an established trading plan or acceptable risk thresholds. Traders frequently fall into the trap of overtrading due to strong emotional influences such as greed, fear of missing out (FOMO), or a desperate attempt to quickly recover from previous losses. This behavior leads to impulsive decisions that may not align with rational analysis. Furthermore, the relentless stream of market information and the fear of missing profitable opportunities can exacerbate the temptation to trade more than necessary. Another primary driver of overtrading is a lack of discipline. Traders sometimes mistakenly believe that more frequent trading equates to greater profit potential, a notion particularly common among novice traders. These traders may equate high trading activity with success, failing to realize that less frequent, well-researched trades often yield better results. As overtrading takes hold, its consequences can be severe. Frequent buying and selling can lead to diminished profits due to increased transaction costs, such as commissions and fees, eroding potential gains significantly. Moreover, the constant trading exposes traders to heightened market volatility, increasing the risk of sudden negative price swings. The emotional ramifications of overtrading are equally concerning. High-frequency trading activities can elevate stress levels, resulting in anxiety and compromised decision-making capabilities. Emotional states such as fear and impatience can cloud judgment, causing traders to stray from their original trading strategies. Identifying Symptoms and Types of Overtrading Overtrading presents itself through a range of symptoms and behaviors. By recognizing these signs, traders can take proactive steps to mitigate the risks associated with overtrading. Below are key symptoms and classifications of overtrading: Symptoms of Overtrading - Excessive Trade Frequency: Traders engaging in overtrading execute an unusually high number of trades, often without a concrete strategy or rationale. - Impulsive Decision-Making: Traders may find themselves making quick, emotionally driven decisions, often fueled by FOMO or a desire for immediate profits. - Neglecting Risk Management: Overtrading often leads to ignoring fundamental risk management principles, resulting in oversized positions and inadequate use of stop-loss orders, which heightens exposure to potential losses. - Emotional Trading: The stress associated with frequent trading can lead to fluctuating emotions, such as anxiety and frustration, further impairing judgment and resulting in erratic trading choices. - Chasing Losses: Overtraders commonly indulge in "revenge trading," where they attempt to recover losses quickly by taking on higher risks or deviating from their established trading plans. Types of Overtrading - High-Frequency Trading (HFT): This strategy involves executing a vast number of trades in a short time, often through automated systems. While HFT can yield quick profits, it often incurs high transaction costs and detracts from thorough analytical scrutiny. - Scalping: Scalpers aim to profit from minor price changes by conducting numerous trades throughout the day. While legitimate, excessive scalping can lead to significant stress and minimal net gains. - Day Trading Addiction: Some day traders may become overly attached to the excitement of constant trading, leading to impulsive decisions and diminished profits. - FOMO Trading: Traders influenced by FOMO rush into trades without adequate analysis, driven by the fear of missing out on potential profits. - Excessive Diversification: Overtrading can result in overly diverse portfolios without sufficient research, leading to a lack of focus and diluted returns. Strategies to Overcome Overtrading To effectively mitigate overtrading, traders need to cultivate self-awareness, discipline, and specific strategies to rein in impulsive trading habits. Here are key steps to consider: 1. Develop a Comprehensive Trading Plan: Creating a detailed trading plan with defined entry and exit strategies, risk management rules, and profit targets can provide a structured framework, reducing impulsive trades. 2. Set Trade Limits: Determine the maximum number of trades you will execute daily or weekly to prevent excessive trading and maintain focus on quality opportunities. 3. Practice Patience: Cultivate the ability to wait for high-probability setups that align with your trading plan. Resist the temptation to trade out of impatience or boredom. 4. Utilize Stop-Loss Orders: Implementing stop-loss orders for every trade helps control potential losses, safeguarding capital and minimizing emotional decision-making in volatile conditions. 5. Avoid Revenge Trading: After a loss, resist the urge to immediately make trades to recover those losses. Take time to reassess your strategy and avoid letting emotions dictate your actions. 6. Maintain a Trading Journal: Keep a detailed log of all trades, including the thought process behind each decision and emotional experiences. Reviewing this journal helps identify patterns associated with overtrading. 7. Limit Market Monitoring: Reduce the amount of time dedicated to watching the markets and financial news. Continuous monitoring can prompt impulsive actions based on transient market fluctuations. 8. Prioritize Quality Over Quantity: Focus on high-quality trades that align closely with your trading plan rather than accumulating a large number of trades. 9. Take Breaks: Regularly stepping away from trading can alleviate stress and allow for clearer thinking, enhancing your trading strategy. 10. Seek Mentor Guidance and Community Support: Engage with trading peers or mentors who can provide advice and accountability in your trading practices. 11. Practice Mindfulness: Develop mindfulness techniques to increase awareness of your emotions during trading. Recognizing emotional influences allows for better decision-making. Implementing these strategies can bolster a disciplined, mindful approach to trading. Remember, trading success hinges on patience, focus, and adherence to a carefully constructed plan. Lastly I would like to add this previous lecture to this post, I'm sure will be useful for you... The Psychology Of Trading How To Manage Your Emotions and.. and Also... and... In conclusion... In the fast-moving realm of financial trading, the temptation to engage in overtrading can derail even seasoned traders from their financial objectives. By developing a thorough understanding of overtrading—its signs, causes, and classifications—traders can navigate with greater awareness and confidence. Successful trading isn't merely about rapid profits or constant activity; it demands discipline, strategic focus, and the ability to maintain composure amidst market volatility. Through self-discipline and commitment to a well-structured trading plan, traders can protect their investments from overtrading's adverse impacts. Whether you are an experienced trader aiming to refine your strategies or a beginner initiating your trading journey, recognizing and addressing the tendency to overtrade is crucial. Embrace the journey of self-awareness and continuous learning, as it is the cornerstone of achieving long-term financial success in trading. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. 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SAXO:XAUUSDEducation
by FOREXN1
1
XAU/USD Technical Analysis: Anticipating a Corrective Phase1. Market Structure and Elliott Wave Context: From the images, you have charted Elliott Wave structures across different timeframes. It appears that: In the 1-hour chart, the market has likely completed an impulse wave (v). This typically indicates the end of a larger wave movement, suggesting that a correction could follow. Impulse waves are characterized by a five-wave movement (1, 2, 3, 4, 5), and wave (v) marks the final phase of this impulse before a corrective phase begins. In the 4-hour chart, you have marked the completion of Wave 5 of the impulse move, suggesting that a corrective wave sequence (ABC) may follow. After a completed impulse, markets often retrace in a three-wave pattern: an A-B-C correction. The A-leg is typically a sharp move down, followed by a B-leg bounce and a final C-leg continuation to complete the correction. In the daily timeframe, your wave count indicates the market is nearing the end of a larger Elliott Wave cycle, likely finishing the last wave (5). This suggests that the market is poised for a larger-scale correction once the final wave completes. Short-Term Outlook (Next 2 Weeks): The next two weeks could see the beginning of a corrective phase following the completion of the final impulse wave. Specifically: Wave (a) of the corrective phase should begin shortly, taking the market lower as traders look to take profits after the completion of the impulse. You have marked key Fibonacci retracement levels (0.5 and 0.618), which are common targets for corrective waves. This suggests you expect the price to retrace to at least these levels, with the 0.618 Fibonacci level being the most probable target for the initial correction. 2. Wyckoff Methodology and Market Phases: The Wyckoff analysis shows that the market has moved through different phases of accumulation and distribution. You have identified a Phase B in the Wyckoff structure on the higher timeframes, which often represents the upthrust (UT) in a distribution phase. This suggests that the market has completed a markup phase and is now entering a distribution phase, where large players are preparing to sell into strength, leading to a decline in price. The presence of a Break of Structure (BOS) in the charts further supports this bearish outlook, as BOS events typically signal that a market is transitioning from one phase to another, often from a bullish phase to a bearish phase. Next Two-Week Expectation Based on Wyckoff: You expect a continuation of the distribution phase, where institutional sellers are likely offloading their positions. This could lead to a markdown phase in the price of XAU/USD, possibly confirming a “Sign of Weakness (SOW)”, which typically occurs after an upthrust and signals the market is ready for a deeper decline. 3. Fibonacci Levels and Liquidity Zones: Fibonacci retracement levels are a crucial part of your analysis, with 0.5 (50%) and 0.618 (61.8%) retracement levels clearly marked on your charts. These levels often act as strong support zones during corrections. In the near term, you expect the price to retest these levels during the correction, particularly around the 0.618 Fibonacci level, as this is a key zone for buyers to step in and absorb selling pressure. The liquidity zones highlighted on your chart, such as the Buy Side (H) and Sell Side (H), suggest you’re watching for price reactions near these levels. The liquidity sitting above or below these zones could act as magnets for price during the correction. 4. Volume Profile and Market Sentiment: Your use of the Volume Profile tool reveals that you are tracking key price levels where the highest volume of trades occurred. These are critical areas of support and resistance. There’s a noticeable divergence in volume compared to price action. Typically, when price moves higher on weakening volume, it suggests that the upward momentum is unsustainable, and a reversal could be imminent. Volume Insights for the Next Two Weeks: You are likely expecting a reduction in buying pressure as the market enters a distribution phase. As volume dries up, the potential for a bearish reversal increases, which aligns with your expectation of a corrective phase. 5. Indicators and Momentum (MACD Divergence): The charts show a clear divergence in the MACD indicator (or similar momentum indicator). You’ve marked this divergence on the chart, which indicates that while price is making new highs, momentum is weakening. This divergence is a strong signal of a potential reversal, especially when combined with Elliott Wave and Wyckoff’s analysis, which both suggest that a major wave top is forming. Expected Price Action (Summary): Initial Correction (Wave A of ABC): You expect the price to initiate a corrective wave (a) over the next few days, likely targeting key Fibonacci levels (0.5 and 0.618 retracement), which could coincide with liquidity zones. The first wave of correction might find support around $2,661 to $2,656 levels as part of the retracement process. Consolidation (Wave B): Following the initial drop (Wave A), a short-term relief rally (Wave B) could push prices higher, but not beyond the recent high. This is typical in ABC corrections where the B-leg is often a partial retracement of the A-leg, allowing for new short positions. Final Leg of Correction (Wave C): The final leg of the correction, Wave C, could take the market even lower. Key levels for Wave C could be the Fibonacci extension or further significant support zones you have identified, such as $2,605 or $2,593, based on historical market structure. Bearish Scenario Confirmation: If the market continues to follow your Elliott Wave and Wyckoff outlook, a failure to break above Wave 5 would confirm the bearish scenario. This could lead to a deeper correction that extends beyond two weeks, possibly moving towards lower Fibonacci extensions or liquidity zones around the $2,432 to $2,385 range. Conclusion: In summary, you are expecting a corrective wave to take place in XAU/USD over the next two weeks, which aligns with the completion of a fifth Elliott Wave and signals from the Wyckoff distribution phase. The correction could initially target Fibonacci retracement levels around $2,661 and $2,656, followed by a larger decline if the wave count holds true. Volume and momentum divergence, coupled with market structure breaks (BOS), further support your outlook for a bearish correction in the gold market.
OANDA:XAUUSDLong
by spacedevil
Gold continues to decline according to the technical chart.Gold prices continue to decline according to the technical chart. World gold prices dropped sharply last Wednesday after Mr. Trump won the election to the White House. The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again. Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October. This week, the market is interested in some economic information such as US core CPI - data for the Fed to monitor inflation, weekly unemployment benefit data, US retail sales,... Owner Fed Chairman Jerome Powell will also speak on Thursday. According to Adam Button, Director of Currency Strategy at Forexlive, the market is watching who will be America's next finance minister. He expects the price of gold to increase again if John Paulson is chosen, because he is a gold price speculator.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAU/USD to continue dropping?From both technical and fundamental analysis I believe we should be seeing the beginning of a gold drop. Gold has been nothing but bullish with extreme euphoric movement. Following Donald Trumps win in the American election we can expect the dollar to begin its bullish ascent meaning that its time for the XAU/USD to finally start its descent. from my charts we can see that I predict a slight bullish move from the market open reacting of an 8H Imbalance taking Asian high liquidity from the upside and reacting from another 8H IMB to ultimately continue in its downtrend at least until the daily zone that caused a previous break of structure to the upside.
OANDA:XAUUSDShort
by JamelCapital
Gold weekly analysis , trade ideas and 10 Nov.Gold prices are declining due to US dollar strength post-election results, with potential support around 2600. Highlights 📉 Gold’s recent bullish move reversed after election results. 💵 Strong US dollar influences gold’s downward trend. 🔍 Weekly time frame shows signs of weakness in gold. 📊 Fibonacci analysis indicates potential support at 2600. 🔄 Market structure shift suggests bearish sentiment in gold. 📅 Upcoming economic events may impact market volatility. 📈 DXY exhibits bullish momentum, affecting gold and other currencies. Key Insights 📉 Gold’s Bearish Outlook: Following a significant rise, gold is showing signs of weakness, suggesting a bearish trend ahead with targets around 2600. This aligns with market expectations of higher interest rates. 💵 Impact of DXY Strength: The US dollar index (DXY) has gained strength post-election, influencing gold’s price negatively. A bullish DXY typically indicates lower gold prices due to inversely correlated movements. 🔍 Technical Analysis on Gold: The weekly chart reveals a potential bearish structure, with key Fibonacci levels indicating support at 2600, providing insights into possible price corrections. 📊 Market Sentiment Shift: A market structure shift identified on the 4-hour chart signals bearish sentiment, highlighting the importance of key resistance levels for future price movements. 📅 Upcoming Economic Events: The week ahead appears calm with minimal economic data, but upcoming CPI and retail sales reports could introduce volatility, affecting both gold and the dollar. 📈 DXY’s Continued Strength: The bullish trend in DXY is expected to persist unless significant market changes occur. This could further pressure gold prices and other currencies negatively.
OANDA:XAUUSDShort
by Fxoverseas
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