Gold Sell SetupCurrently Trading at 2688 , Will Face Hurdle around 2712--2723 , any Rise if Happens Sell It For The target of 2635--2609--2585
LOOKING WEAK , ONE SLIDE AND THAN UP FOR THE TARGET 2858
GOLD trade ideas
XAUUSD 1day MA50 and Channel bottom tested and held. Strong buy.Gold / XAUUSD hit today the 1day MA50 for the first time since August 5th 2024.
This isn't just a 3 month test of the rising supporting trend line but also a test of the bottom of the 5 month Channel Up.
The 1day RSI hit and is rebounding on its own 5 month Buy Zone.
This is a textbook buy signal on very low risk (Channel Up bottom limit).
Buy and target 2840 (+7.50% from the low, a standard bullish leg rise within this Channel Up).
Previous chart:
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Gold on slide aftermath / Medium-term Buy orders closed with TGNew meta: As it was evident recently on my commentaries, I have been engaging Medium-term Buying orders (#2.0 and #3.0 Volumes) #3 times in a row now and first two times it was sharp #100-point Profits. Previous two orders were engaged on #2,712.80 and since #2,790.80 was Fibonacci Ultimate Top's I have decided to close both of them there / delivering #78-point Profit on both of orders. I could officially await #2,800.80 benchmark or more however I took a safe path and closed my orders with #78-point Profit on both of them / Highly satisfied however since Elections are approaching, I will not make any more moves since Elections can finally deliver certain Selling action on Gold (as markets may have some confidence after voting) which may cause safe-haven assets such as Gold to lose and riskier assets to gain on Medium-term.
Intra-day / Short-term: The #2,772.80 former strong Support now turned in Resistance was crossed and Gold was Technically ready to accomplish new local Low’s (major break-out I announced if it gets invalidated). This will be essentially a Higher High's Lower zone first on Descending Triangle validating my expectation of an #10 to #15 point Trading range (Rectangle) on however aggressive pace for the next #1 - #2 session horizon. The (#1W) Weekly candle is now at (# +1.05%) and the week will most likely close on a positive note following last candle's (# +2.28%). I will take advantage of the Higher High’s Lower zone, giving distinguished Buying order within this relief rally / Bullish Intra-week cycle and Profit on wide timeframes for reduced Risk as I still maintain my Buying order (Buying every Bottom) which I engaged on #2,735.80 (ideally I expect to close the position above #2,752.80 benchmark). Keep in mind that this is NFP session as I am looking at #2,727.80 test initially if NFP delivers upside surprise.
My position: As discussed above, I do expect upside surprise on NFP announcement and if that's the case, Gold may spike towards #2,727.80 Support zone in extension. I will close my current Buying order as Higher as I can and will look to re-Sell Gold ahead of NFP numbers. Overall another excellent week.
Gold on slide aftermath / Medium-term Buy orders closed with TGNew meta: As it was evident recently on my commentaries, I have been engaging Medium-term Buying orders (#2.0 and #3.0 Volumes) #3 times in a row now and first two times it was sharp #100-point Profits. Previous two orders were engaged on #2,712.80 and since #2,790.80 was Fibonacci Ultimate Top's I have decided to close both of them there / delivering #78-point Profit on both of orders. I could officially await #2,800.80 benchmark or more however I took a safe path and closed my orders with #78-point Profit on both of them / Highly satisfied however since Elections are approaching, I will not make any more moves since Elections can finally deliver certain Selling action on Gold (as markets may have some confidence after voting) which may cause safe-haven assets such as Gold to lose and riskier assets to gain on Medium-term.
Intra-day / Short-term: The #2,772.80 former strong Support now turned in Resistance was crossed and Gold was Technically ready to accomplish new local Low’s (major break-out I announced if it gets invalidated). This will be essentially a Higher High's Lower zone first on Descending Triangle validating my expectation of an #10 to #15 point Trading range (Rectangle) on however aggressive pace for the next #1 - #2 session horizon. The (#1W) Weekly candle is now at (# +1.05%) and the week will most likely close on a positive note following last candle's (# +2.28%). I will take advantage of the Higher High’s Lower zone, giving distinguished Buying order within this relief rally / Bullish Intra-week cycle and Profit on wide timeframes for reduced Risk as I still maintain my Buying order (Buying every Bottom) which I engaged on #2,735.80 (ideally I expect to close the position above #2,752.80 benchmark). Keep in mind that this is NFP session as I am looking at #2,727.80 test initially if NFP delivers upside surprise.
My position: As discussed above, I do expect upside surprise on NFP announcement and if that's the case, Gold may spike towards #2,727.80 Support zone in extension. I will close my current Buying order as Higher as I can and will look to re-Sell Gold ahead of NFP numbers. Overall another excellent week.
THE KOG REPORT - Update End of day update from us here at KOG:
Yesterday we said we would be looking for the pull back into the lower support regions in order to long again and attempt the outstanding target in Gold 2779 and 2780. Both these targets are now complete but we didn't get the entries that we wanted for them. Instead, we had to switch to the red box indicator which gave us a few decent trades for the day in to the levels that we wanted. We are getting the RIP's from the regions we've highlighted, but nothing significant to be able to say we're going to see the swoop we want.
Now, again, I'm happy to sit and wait, we're too high to want to long due to potential profit taking and we still have higher levels open for the target. 2790, 2800 and above that 2804 which are sitting above the red box support are there, however, we have a pullback region of 2765 which gives us the potential range. I would rather we short from higher, or attempt the long from lower, otherwise, the range is to be played 2775 to 2795.
As always, trade safe.
KOG
XAUUSDDo not buy, sell or hold by looking at the chart.
None of the graphics, drawings and explanations on this page don't include investment advice.
Gold: potential for slowdownOngoing geopolitical issues and also forthcoming elections in the US, are making investors to increase demand for safe-haven assets. The price of gold continues to benefit from these uncertainties, by continuing to hold at historically highest levels, and keep the score of 32% increase for the year. During the previous week, the price of gold modestly slowed down till the level of $2.710, however, it swiftly turned back to the up-course.
The RSI continues to hold at overbought levels, moving above the level of 70 for the last two weeks. In technical analysis, this is clear indication of high potential for a short term reversal, however, considering current unstable geopolitics, there is also some probability that the reversal might be postponed. For many weeks, moving averages of 50 and 200 days are moving as two parallel lines with an uptrend, without any indication of a potential cross in the coming period.
Technical indicators are pointing to the potential of a short reversal. However, this should be taken with precaution at the current moment. Aside from geopolitical issues that strongly impact the price of gold, for the week ahead, it should be considered US macro data which are set to be published. The PCE data and non-farm payrolls might bring back volatility on the markets. Still, at this moment, some stronger reversal should not be expected. Charts are indicating the level of $2,7K which might be tested, but there is no potential for lower grounds.
Gold- Where is the next 1k pips trade?As I've outlined in both written and video analyses on FOREXCOM:XAUUSD , I’m anticipating a substantial pullback in gold prices.
Let’s look at this objectively: just as trees don't grow to the sky, neither does Gold.
With a remarkable 2,000-pip rally over the last 20 days, the likelihood of a meaningful retracement is increasing.
Each new high reached only makes a sharper pullback more probable.
That said, I’m not rigidly fixed on one outlook.
In yesterday’s analysis, I noted that a new all-time high seemed highly probable.
Acting on this, I opened a small long position after observing a buildup consolidation just under the previous ATH, which I closed at 2770.
The key question now isn’t whether gold will start pulling back, but rather where that pullback will begin.
On the 1-hour chart, since the low near 2600 on October 10th, Gold has been trading within an ascending channel.
Each time the price touches the upper boundary of this channel, it has reversed back down. Based on this behavior, I anticipate a similar reaction if gold approaches or slightly exceeds 2800, and I plan to fade any move above that level.
In conclusion, for those looking at potential 1,000-pip opportunities, I believe the short side currently holds more promise. In the short term, a retracement toward 2700 seems more realistic than an extension to 2900.
P.S: Looking at previous times when Gold has made ATHs, the reversal from the top has been more than 1000 pips.
Liquidity hunt around "point of control" at 2731. Target 2757There is a clear bull flag on daily, which will soon broken upwards. The liquidity hunt is happening around 2731 area with zone between 2714 and 2746. So be careful with the entry, do not enter blindly on entry line. Wait for rejection to happen. If-when entry conditions are met, I will update this idea if possible. Check my previous ideas how it works. TP your trades partially on every line in the TP area. Wish you good luck.
P.S. I´m not a signal service, do not have 30K followers, do not have premium channel to ask money for ideas, not pushed to share 20 ideas per day, because somebody is paying for it. I´m offering, just knowledge, learning and some experience. If you are interested, you know what to do. Invest your money into your trading and take responsibility to trade.
Lingrid | GOLD Weekly MARKET OutlookOANDA:XAUUSD spent half of the week trading sideways between the 2710 and 2750 levels, remaining within Wednesday's range. This sideways movement created liquidity above and below these levels, and if the market tests these zones, we can anticipate some volatility.
On the weekly timeframe, the market formed a small candle, indicating a pause in the bullish momentum. Ideally, I would like to see a false breakout below the previous week's low, followed by a continuation of the bullish trend. Conversely, breaking above this week's candlestick would be very bullish.
On the daily chart, we've seen the formation of a bullish flag, which suggests a potential upward movement towards 2800. I believe that gold could eventually reach 3000 by the end of the year, although the path there is unlikely to be straightforward. Next week, we have a significant amount of high-impact news, which will likely to inject some volatility into the markets, so we should exercise caution. Overall, I see any pullback as an opportunity to go long.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | GOLD reached Historic HIGHSThe price perfectly fulfilled my previous idea. It hit the target zone. OANDA:XAUUSD has reached another all-time high after breaking and closing above the triangle pattern. The market has been forming small candles, which may indicate a potential pullback, especially with high-impact news scheduled for today that could influence market volatility. I believe the market might retest the previous day's high before moving higher towards another psychological level. Keeping an eye on the news and price action will be essential for determining the next moves. My goal is resistance zone around 2800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
ZigZag- Wave CBear Market: 2024 United States presidential election, Nov 5, 2024
Trade Plan:
Short-Term Overview
Bias: Bearish
Date: 28 Oct 2024
Price: $ 2732
Trade entry: $ 2732 (enter short at $ 2732- $2750 (or sell at $ 2732- $2750))
Stop level: $ 2762
Target-1: $ 2675
227063SELL XAUUSD for bullish trend reversal
STOP LOSS : 2,831
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
XAU/USD 04 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 noted in my analysis dated 01 November 2024, I mentioned that I would confirm internal structure if the price reached the premium of the 50% EQ of the internal range. Price has now achieved this, confirming the internal structure.
Although price has made attempts to target the weak internal low, it has not yet succeeded.
Intraday Expectation: Price is expected to continue targeting the weak internal low.
M15 Chart:
SHORT TERM PULL BACK - EXPECT BOUNCE TO 3,000 End of the month was text-book played and the market cut a chance of profits they've had all year long.
That does not mean the trend is over or there will be a change in major direction for gold.
Expect a short term bearish market illusion carefully designed by the algorithms and smart money, to induce sellers more and more.
Expect very "perfect resistance" levels being created (ENGINEERED LIQUIDITY), where retail sellers are going to be pacing all of their short stops (which are actually buy stop orders).
Once the market reaches a strong enough psychological level (I personally believe it's going to be 2600), than smart money will buy back all of the retail short positions to target all time highs above 2800.
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GOOD LUCK,
Gold 1H ideaGold 1h idea
Gold still uptrend. Important support is 2717. If this target broken not valid this setup. We have face big volatility due to Election. Keep eye on that support . Good luck.
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XAUUSD SELLAmid the uncertainties surrounding the US presidential election and ongoing geopolitical tensions in the Middle East, gold is finding support. With attention shifting to key US economic data, gold is nearing the 1-hour supply zone, where we may look for selling opportunities toward the lows.
GOLD SELL AFTER REACHING THE 1H SUPPLY ZONE
Gold bulls are done or not yet?Here's an analysis of the XAU/USD (Gold vs. U.S. Dollar) chart based on price action strategy:
1. Trend Analysis:
The overall trend appears to be bullish, as seen from the series of higher highs and higher lows in the price structure.
Recently, there has been a pullback, as indicated by the bearish candles on the right side of the chart.
2. Liquidity Zones:
Liquidity Void: There are visible liquidity voids (highlighted in red) around the $2,750 level, suggesting areas where price may return to fill gaps left by large, impulsive moves.
Liquidity Grab Areas: The chart also shows areas marked as "liquidity" where stop orders may have been triggered. These regions are potential reversal or retracement zones.
3. Support and Resistance Levels:
Resistance Zone: Around $2,760, there is a resistance level, as seen from multiple rejections. A break above this level could indicate further bullish continuation.
Support Zone: The $2,735 - $2,740 range acts as a support area. A break below this level might lead to further downside, targeting the next support around $2,717.
4. Price Action Observations:
The recent red bearish candle indicates sellers are actively testing the support area.
If buyers step in at this support zone ($2,735 - $2,740), there could be a bounce, targeting the $2,760 resistance zone again.
Failure to hold above $2,735 could lead to a further decline, possibly aiming for the $2,717 level as a next support.
5. Bias:
Bullish Bias: As long as price remains above $2,735, the bias remains cautiously bullish, with a potential retest of $2,760 and possibly higher if this level breaks.
Bearish Scenario: If price breaks below $2,735 decisively, the bias shifts bearish, with a target around $2,717.
6. Potential Trade Ideas:
Long Position: Enter around $2,735 - $2,740 with a stop below $2,730, targeting $2,760 and beyond.
Short Position: If price breaks below $2,735, look for a retracement back to this level to confirm resistance before entering short, targeting $2,717.
Summary
In summary, the market is at a critical support level, and price action in the next few candles will confirm the direction. Holding above $2,735 suggests bullish continuation, while a break below favors a bearish move.
XAU/USD – Is the Uptrend Ready for the Next Move?Gold is approaching a major support level within its rising channel! 📊 Could this be the next higher low (HL) in the uptrend?
If bulls step in here, we might see a push back toward the channel highs! 🚀
🔹 Key Support Levels: $2,655 is the immediate support, while $2,580 serves as a critical backstop below.
🔹 Potential Setup: Long on bullish confirmation around these supports.
🔹 My Thought: I believe Gold could be forming another HL here, potentially setting up for another push higher before any major correction. Historically Gold has shown bullish momentum leading up to U.S. elections, rallying once before turning bearish afterward.
What are your thoughts? Are you bullish or bearish on gold?
💬 Drop your comments below and let’s discuss! 👇
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing candle body close above 2746 with gap above at 2752. Ema5 cross and lock will open the full range above. We also have 2736, as weighted Goldturn support and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2746
EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752
2762
BEARISH TARGETS
2736
EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2728 - 2720
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2707 - 2692
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD Massive Short! SELL!
My dear followers,
I analysed this chart on GOLD and concluded the following:
The market is trading on 2743.3 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2736.6
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
Market Sensitivity Ahead: Key Levels to Watch Amid NFP ReleaseTechnical Analysis
The price has declined and stabilized within a bearish zone after breaking a strong support level at 2,758.
Today’s session is expected to be sensitive due to the release of the NFP and Unemployment Rate data.
Bearish Scenario: The price appears set to retest 2,758 before resuming a bearish trend toward 2,738 and 2,712.
Bullish Scenario: Alternatively, a 4-hour candle close above 2,758 would signal a potential bullish move, with targets at 2,775 and 2,788.
Key Levels:
Pivot Point: 2758
Resistance Levels: 2764, 2775, 2790
Support Levels: 2738, 2712, 2695
Trend Outlook:
Above 2758: Uptrend
Under 2758: Downtrend
XAUUSD CONFIRM SIGNALThe current situation of gold is that it is stuck between the zone
If it break and close below our support then we can take sell to 100Pips
OR IF
Its break our resistance then we can take catch 100Pips buy easily
SO GOOD LUCK EVERY ONE
