GOLD trade ideas
Gold Bounce back levels 25 Nov 2024Gold Bounce back levels for 25 Nov 2024 are
2647.1
2611.2
2575.5
Note: This is an opinion not a buy/sell call. Use Stop loss in your trades.
XAUUSD buyGold has been an uptrend for the past four years and the 3 week retracement it did last week was needed for the bullish trend. on the 4 hour gold is on an uptrend with a good inves head and shoulder pattern on the 4 hour.
#xauusd #elliottwave short sell setup wave 3 25Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
GoldXAUUSD ( Gold / U.S Dollar )
Completed " 1234 " Impulsive Waves
Breakout and Retracement of Point of Interest ( POI )
Order Block
Rising Wedge as an Corrective Pattern in Short Time Frame
Fibonacci Level - 78.60%
NEW IDEA FOR GOLD Gold has an important support range in the range of 2663-2633, and now, provided that it is maintained and no four-hour candlestick close is recorded below it, there is a possibility of the price rising to the upper range of the Bollinger Band indicator in the range of $2822.
GOLD-SELL strartegy 3 hourly update GANN SQIt has done very well today, gaining around $ 40.00. We have touched the GANN resistance 1x1 and it feels we should remain below that, and in fact considering the high overbought state, we should be testing $ 2,698.00 again, and move towards $ 2,681 - 2,667 again. Ultimately we should correct towards $ 2,647 as per GANN support area, or near it.
Strategy SELL within $ 2,695-2,710 area and take profit near $ 2,667 for now.
XAUUSD Another Short Setup On the Daily chart, Gold seems to be creating a lower low indicating a downtrend after hitting a new record high.
TP and SL are marked.
Risk no more than 1%
Always do your analysis before following this trade setup
Once the trade is over 100 pips in profit move your SL to breakeven.
Follow for more swing trade analysis
a little correction and continue uptrend movement in GOLDin my idea gold has ended wave 3 up and now its the time for a little correction...it may goes down to 38% fibonacci level in last wave up!!!we can sell it now to get some downtrend movement or we can wait for it to reach our level for buying gold again...but it goes not that far high if u think it will break ATH....no way...its a correction and it must come down to 2420-2400 level before goes higher than 2800 and reach 3000-3180 USD level
XAUUSDXAUUSD ( Gold / U.S Dollar )
Bullish Channel as an corrective pattern in Short Time Frame
Break of Structure
Fibonacci Level - 50.00% / 61.80%
Completed " 12345 " Impulsive Waves
Change of Characteristics
GOLD Local Long! Buy!
Hello,Traders!
GOLD is trading in an
Uptrend and the price broke
A key horizontal level of 2612$
Which is now a support and
As we are bullish biased we
Will be expecting further growth
Buy!
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Check out other forecasts below too!
XAU/USD 19 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
In my analysis dated 12 November 2024, I highlighted the anticipation of a bullish Change of Character (CHoCH) as an indication of a bullish phase initiation. Price has now confirmed this by printing a bullish CHoCH.
Currently, price is trading within an established internal range and remains consistent with the broader pullback requirements of higher timeframes. This internal range forms the basis for today's expectations.
Intraday Expectation:
Price is anticipated to trade up to the premium of the internal 50% equilibrium (EQ), where it is currently positioned. Alternatively, price may trade higher to reach the H4 supply zone before targeting the weak internal low at 2,536.855.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
According to rules and a systematic process, price has printed a further bullish iBOS in-line with HTF bullish pullback phase.
Currently CHoCH positioning, which is denoted with a blue dotted line, and internal low are positioned close-by, therefore, price could print new highs to reposition CHoCH.
You will note the internal range has significantly narrowed. The printing of a bearish iBOS could potentially be an early signal that the H4 pullback phase has completed.
Intraday Expectation:
For today's session, we are looking for confirmation of a bearish pullback phase by price printing a bearish CHoCH. Bearish CHoCH positioning is currently marked with a blue dotted line.
Alternative scenario: H4 remains in bullish pullback phase and is currently trading in premium of 50% EQ where we could see a reaction, therefore, it would not surprise me if price printed a bearish iBOS on M15 TF.
Note:
With the Federal Reserve's dovish policy approach and rising geopolitical tensions, heightened volatility in Gold prices is expected to continue. Traders should remain cautious and prepared for potential whipsaws in price action.
M15 Chart:
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GOLD H4GOLD time frame H4
After touch 2619 i looking return back - pull back to price 2590
and after we can go to next Buy...
XAU /USD When they think you are crazy but you have reason for yourself.
XAUUSD after banks manipulation and considering gold world demand curve at the price of 1900$, its ready to drop.
in my opinion anyway it would touch 1820 $.
#market maker footprint
don't forget money management.
be profitable.
XAUUSD likely shortThe market is currently in a retracement or consolidation phase following a strong bearish move. But there's room for further upward movement before potential exhaustion. At the moment the market is in a retracement or consolidation phase.
Gold chart viewGold chart view:
sustain 2685 then will see good buy in gold...
2670 will be immediate support...
Charts for Educational purposes.
Thanks,
V Trade Point
Gold Liquidity Warning heading into December!This week, gold formed a weekly bear trap, signaling that sellers are unwinding their positions. This could trigger a slingshot move upward, potentially driving gold to the 3000 level by December. #Buy #Buy #Buy
Gold Rallies to One-Week High Amid Rising Geopolitical TensionsGold prices have climbed for a second consecutive session, reaching their highest level in over a week, driven by renewed safe-haven demand and geopolitical uncertainties.
The escalating conflict between Russia and Ukraine has spurred a surge in gold purchases as investors seek refuge for their assets. Meanwhile, market participants eagerly await key signals regarding the Federal Reserve's interest rate strategy, adding another layer of anticipation to gold's movement.
Supportive Factors for Gold's Momentum:
Geopolitical Risks and Economic Uncertainty: Heightened geopolitical tensions, coupled with economic vulnerabilities, continue to solidify gold's appeal.
Fed Rate Speculations: This week, Fed officials are set to speak, potentially shedding light on the trajectory of U.S. interest rate cuts. Market sentiment currently suggests a 62% probability of a 25-basis-point rate cut in December.
Central Bank Buying and Widening Deficits: Central bank acquisitions and increasing fiscal deficits in the U.S. and other Western nations remain robust pillars of support for gold prices.
Dollar Weakness: A retreat in the U.S. dollar, following its surge to a one-year high last week, has further bolstered gold's attractiveness for international buyers using other currencies.
Gold's allure remains firmly underpinned by the interplay of economic risks, geopolitical turmoil, and favorable market conditions. As investors closely monitor upcoming Fed communications, gold's upward trajectory seems poised to sustain its momentum in the near term.
Gold Rejection at 0.618 Fib Level with Bearish DivergenceGold is encountering rejection at the critical 0.618 Fibonacci retracement level, coupled with a bearish divergence formation. This technical setup suggests potential downward pressure in the near term.
Gold rebounds and shortsThis morning, gold rose to around 2642 and then fell back after being blocked. It once fell back to around 2618 in the European session and is currently trading around 2622;
The rhythm of the previous two trading days was that the price continued to rise in the morning and broke the high, then corrected, and then continued to rise and break the high. Today, it did not continue after breaking the high. It rose and fell back in the afternoon and broke the low point of 2632 in the morning, which added uncertainty to the rise of gold today;
From the technical indicators, the current 1-hour K-line short position is dead cross downward, the Bollinger opening has changed to downward, and the 4-hour moving average also slightly shows a fallback signal. Therefore, combined with the above signals, the rebound shorting is mainly used in the evening operation.
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
