XAUUSDi'm envisioning such a path for gold in 5min time frame. if it breaches the small box and touches the box at the bottom (so called demand zone), and then return back sharply to the top box, I will enter a long for a TP-1
GOLD.PRO.OTMS trade ideas
XAUUSD- New President Era Gold impacted by Rate Cut only push H4 to Simple Moving Average 50. Because it will shift to Bearish when H1 passes Simple Moving Average 10
Toward a h1 higher high with buy side liquidity ?I think that the price could go to a h1 higher high at 2708.
In m1 there is an OB followed by 2 FVG (BISI).
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.
Gold Drops After Donald Trump's VictoryOn the day, gold prices fell by 3%, primarily driven by the strong rebound of the US dollar. This shift came after news of Republican candidate Donald Trump’s victory in the 2024 US presidential election. The US dollar surged as investors anticipated that under Trump’s administration, higher tariffs could lead to sustained high interest rates for a longer period, making gold more expensive for buyers holding other currencies.
Based on technical chart analysis, gold is currently in a strong downtrend, with the trendline indicating a clear decline. A strong resistance level at 2,746 led to a sharp drop in gold prices, which then tested the support level at 2,648. Given the current situation, the prospects for a short-term recovery in gold are limited, and the likelihood of further declines remains dominant. If gold fails to hold above the 2,648 support level, the downtrend may continue, with subsequent support targets around 2,620 and 2,600.
It seems that there will be significant volatility for this precious metal in the short term. Does anyone feel the same way as I do?
XAUUSD Longs after Election ShortsTake a look at the chart, it will provide all info necessary, all my previous trades are based on the techincal zones and I am trading that.
No economy or political influence, purely technical bias
GOLD NEXT MOVE (waiting for NFP news) (04-10-2024)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (04-10-2024)
Current price- 2 NA
taken action once our zones got hit
-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.
XAUUSD hits 2762 Twice Keep on eye candle H1 on Monday wait until it stops. Because when it shifts to bullish side it will reach the 2762. Always wait it reaches 2762 before selling this bad boy. I hope I can make myself clear dear Friends.
GOLDOANDA:XAUUSD
After reaching the low level of the buy position
After reaching the high level of selling position
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
XAUUSD TRADE ANALYSIS Although XAUUSD is at uptrend now, but the price is entering into downtrend phase to target sell side liquidity resting below. With the sell side liquidity sweep it will regain momentum back to the major trend which is uptrend.
XAU/USD 01 November 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's 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.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's intraday expectation from 31 October 2024 was met as price targeted weak internal low, printing another bearish iBOS.
CHoCH positioning is still quite distant from current price. To confirm the internal structure, I would like to see price move up to the 50% internal EQ level.
Intraday Expectation: I will remain on standby and wait for price action that allows me to confirm the internal structure.
Note: Price continues to be highly volatile due to ongoing geopolitical tensions and the Fed’s dovish stance.
M15 Chart:
GOLD Unleashed -Today’s thoughts: 01-NOV-2024Happy New month Traders. Let’s dive into today's GOLD market analysis. Share insights, and potentially spot opportunities for good pips.
XAUUSD long term So guys here is my personal analysis on gold weekly time frame
There’s 3 major levels(2472-2295-2185) and 1 minor level (2607)
So we can say trump won the election and he promises to reduce the inflation rate
So if gold breaks the minor level we can easily see the market at 2472 for the short term and at 2295 med term and also we can see a retracement at 2185 (0.618 Fibonacci retracement)and it can then resume its bullish trend
golden channel gold price are going up inside a yellow parallel channel
price is making higher highs with higher lows so technically it is up trend until lower trend line breakout
price not only testing upper line of channel it is also testing big psychological level $2800 near upper trend line
today is last day of October month
tomorrow we will have last nfp number before election
just few working days before usa election results and fed rate decision
GOLD is close to the current level of 2,758 USDOn Tuesday (October 29) in the Asian market, spot gold suddenly increased sharply in the short term. Gold price just touched 2,757.74 USD/ounce, setting a new intraday high and approaching the previous historical high.
Traders prepare to release key economic data that will help set the tone for the Federal Reserve's next policy decision. Although tensions in the Middle East appear to have cooled, the Uncertainty about the US election still supports gold prices.
The Fed will announce its interest rate decision at its two-day meeting starting November 6. Jobs and inflation data, as well as if the results of the US presidential election are contested, This could influence the Fed's decision.
The market still expects policymakers to cut interest rates by 25bps at their November meeting. Lower borrowing costs are typically positive for gold, which does not yield a yield.
According to CME's FedWatch Tool, the market expects the probability of the Fed cutting interest rates by 25 basis points to be about 98.4%.
When the presidential election between Harris and Trump was still too close, gold had 3 consecutive weeks of increases despite the increase in US Treasury bond yields and the USD, which often puts pressure on precious metals, losing correlation. This describes both gold and USD as having separate supports.
According to the latest statistics from the China Gold Association, China's gold consumption decreased by 11.2% year-on-year in the first three quarters of 2024 as high prices suppressed jewelry demand.
Analysis of technical prospects for OANDA:XAUUSD
Gold has had 3 consecutive days of increase and is heading for the 4th day of price increase after adjusting and taking support from the short-term price channel and the 1% Fibonacci level.
Currently, gold is close to the all-time peak set previously, once gold breaks the $2,758 level which is also the target increase since gold corrected down from this level, it will have enough room to continue. upside with the next target around 2,768USD in the short term, more than the 2,786USD price points of the Fibonacci 0.382% and 0.50%.
The relative strength index (RSI) is pointing up with no signs of weakness as it approaches the overbought area, suggesting that bullish momentum remains solid, and as long as gold remains within the channel it will continue to trend. short-term upward trend.
However, in case it is sold below 2,700 USD, it will open up expectations for a medium-term correction down cycle with the target at the area of the EMA21 moving average. In the current market context, this scenario is quite unlikely.
During the day, the bullish technical outlook for gold prices will be brought into focus again by the following notable levels.
Support: 2,745 – 2,741 – 2,725USD
Resistance: 2,758 – 2,768 – 2,786USD
SELL XAUUSD PRICE 2774 - 2772⚡️
↠↠ Stoploss 2778
→Take Profit 1 2767
↨
→Take Profit 2 2762
BUY XAUUSD PRICE 2730 - 2732⚡️
↠↠ Stoploss 2726
→Take Profit 1 2737
↨
→Take Profit 2 2742
Closing my Selling order / #89 Profits rowAs discussed throughout my morning's commentary: "My position: I have closed my yesterday's session Buying order #2,772.80 and closed on #2,786.80 and re-Sold on #2,785.80 towards #2,774.80 which brought excellent #25-point Profit within the session. I will continue Buying #2,772.80 Low's for now and as my Profit is excellent, I will not assume more Selling orders / only if #2,770.80 break-out is delivered which is major re-Sell signal. "
I have closed my Selling order (#2,770.80 - #2,752.80) on a fine #18-point Profit extending my results rage to #89 Profits row and #19 Stop-loss hits regarding January - October cycle. Indeed Selling sequence lasted more however due Bull Medium-term, I did decided to close my order earlier that expected. Regardless, I have closed also my both Medium-term Buying orders on #2,790.80 which I will announce in my morning's commentary. Congratulations on Profits!
GOLD Price Analysis: Short-Term SELL with High RiskGOLD Price Analysis: Short-Term SELL with High Risk
On the 60-minute chart, gold faced strong resistance after testing 2790 for three consequitive times. This level also corresponds to an all-time high price zone.
Considering the geopolitical situation and the strong bullish trend this short-term bearish scenario comes with a high risk.
However, the market needs to correct periodically before gold can rise further.
The first support is near 2770, and the second, stronger support is around 2760.
This second area is a strong support zone from where gold may bounce up again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GOLD SHORT TO $2,540 (1H UPDATE)Even though Wave 5 is overextending more than I thought, market structure is still valid for short positions. Wave 5 can push up as high as $2,800 in the mid term so don't be surprised by any further upside.
U.S. Elections in a few days, so let's see how price action shapes up prior to the main event!
Gold projection for a serious correction!Precious metals have been on a serious run, but it's time for a cool off heading into winter.
I called this massive run over 2 and a half years ago on silver (linked to the post).
But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals.
Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see.
Let me know what you think and how you're approaching the precious metals.
GOLD SHORT TO $2,540 (1H UPDATE)Since I posted the update yesterday, Gold is down 420 PIPS since!😍 Amazing completion of Gold Wave 5, now which'll be followed by a much needed downside correction!
WHAT ARE GOLD GOING TO DO? HERE IS THE COMPLETE ANALYSIS 2H TFTechnical Analysis: Currently, XAU/USD is approaching the resistance level at $2790, where I believe we could see a significant selling opportunity. This level has historically acted as a barrier, and recent price action suggests that bullish momentum may be waning. If the price reaches $2790, I anticipate a potential reversal, with targets set for a downward move towards $2765. A break below $2775 would further confirm bearish sentiment, opening the door for additional downside.
Fundamental Analysis: The gold market is heavily influenced by shifts in monetary policy and global economic conditions. With the Federal Reserve signaling a potential tightening of interest rates and ongoing concerns over inflation, investors may look to liquidate positions in gold as the opportunity cost of holding non-yielding assets rises. Additionally, geopolitical tensions and market volatility could prompt a flight to safety, but if these factors stabilize, we could see a shift in sentiment favoring dollar strength. This backdrop supports the notion of a sell-off in XAU/USD from $2790 to $2765 as traders adjust their positions in response to changing economic signals. Let’s watch for these developments!
XAU/USD 31 October 2024 Intraday AnalysisH4 Analysis:
-> 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.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
In yesterday’s intraday analysis, I mentioned that technically, price was expected to react at the internal 50% EQ discount to target the weak internal high. However, there was also potential for a bearish iBOS, which is exactly what unfolded.
Price has made multiple attempts to breach the strong internal high at 2,789.855 but has yet to succeed, leaving it intact.
Intraday Expectation: Price has reacted from the H4 supply zone. Technically, price is now expected to target the weak internal low at 2,770.925.
Note: Price remains highly volatile due to ongoing geopolitical tensions and the Fed’s dovish stance.
M15 Chart:
Gold buy opportunityGold buy opportunity
Gold formed a double bottom, and re-touched
0.618 then followed a upward trend.
Therefore, buy gold when the price pull back
around 2735
SL: Below 2725
TP1: 2757
TP2: Higher
