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Gold Analysis==>>Bearish Bat Pattern!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,606-$2,584) and near the Resistance line and the Upper line of the Ascending Channel . It also seems that Gold can potentially form the 🦇Bearish Bat Harmonic Pattern🦇 . According to Elliott's wave theory, Gold seems to be completing the main wave 4 . The main wave 4 structure is a Zigzag correction(ABC) . I expect Gold to continue falling after breaking the Lower line of the Ascending Channel to the lower targets .👇 🎯 Targets of falling Gold : 🎯 First Target : $2,571 🎯 Second Target : $2,560 🎯 Third Target : Around $2,536 ⚠️Note: If Gold goes above $2,620, we can expect Gold to rise further.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
10
THE KOG REPORT - Update (Election Special)This has been published all month for our followers to give them an idea of our plan for the month coupled with the move we were expecting during the US Election. As you can see, it's not played out too bad, we've caught the top, sold all the way down, then switched bias at our hot spot and starting buying all the way back up to where we are now. We may now start to modify these levels slightly so please keep an eye on the chart and the plan ahead. As it stands, we're at red box resistance and an order region, so we would expect price to attempt to break it, if failed, the pull back will be available on Monday. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
7
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we would ideally like a retracement on the move from the week prior, however, if that 2650-55 level managed to keep us afloat, we would be looking to long into the bias levels and targets that were given. Gold had no mercy for bears, literally a straight line move completing all of our red box and bias targets as well as our Excalibur targets (x8 targets just on Gold). Not much more we can add to last week’s analysis, the Election special post is also playing out well, giving the move down into the hotspot and then the bounce for the long into the levels we wanted. So, what can we expect for the week ahead? We have immediate support below at the 2710 level as shown on the chart, this is a possible pullback region if they want to complete the move from Friday up into the 2720-25 region. It’s that region we want to monitor for the break, if it does, like we expect it to, pullbacks should be available to long into the 2740, and above that 2750 price points. Ideally, the 2750-55 region is what we want to be attacked from the get go, to then give us an opportunity to attempt the short trade back into the lower support region. We need traders to be aware, 2730-35 is an order region and needs to be broken on the daily for price to attempt higher. We’re still playing caution on this move and on top of that, with it being the end of the month, we’re not yet discounting a complete turnaround here taking us back below the 2700 region. Please make sure to control your risk and use a sensible lot size which is in accordance with you account size. Another simple one this week, as always, we will update traders throughout the week with our plans. Keep a watch out for the red boxes and KOG’s bias of the day. KOG’s bias for the week: Bullish above 2680 with targets above, 2730, 2741 and above that 2750 Bearish on break of 2680 with target below 2655 RED BOXES: Break above 2720 for 2724, 2727, 2739 and 2750 in extension of the move Break below 2710 for 2704, 2696, 2680 and 2668 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
Gold's Final Push or Reversal? Key Levels for a Major Drop!What to Expect Next Week Gold is nearing the completion of Wave 5, with rejection likely between 2,680.70–2,695.32. A reversal is expected post-Wave 5, targeting correction zones near 2,608.99 and below. How to Trade: For Short Traders: Wait for rejection near 2,695.32, and short with confidence if bearish signals align. For Long Traders: Look for entries at support zones 2,608.99–2,567.63, expecting a bounce back toward 2,680.70. Risk Management: Keep stops tight above invalidation points (2,735.88 for shorts; 2,547.39 for longs). Adjust position size for the volatility expected near resistance zones. 1. Market Context and Structure Phase and Current Movement: Wyckoff Schematic in Play: Gold is currently in Phase D of a Wyckoff accumulation schematic, approaching a potential climax and markdown after completing a diagonal Wave 5. Market has made significant progress from Spring/Support Test (SC & LPS) to the resistance zone, where distribution may occur. Wave Analysis and Key Structures: Wave 5 (Diagonal): Targets for Wave 5 Completion: 2,693.33: Divergence zone on Wave 5. 2,695.32: Key diagonal extension target for Wave 5. Post-Wave 5 completion, the market appears primed for a corrective structure (Wave A) to fill liquidity gaps below. 2. Expected Price Movement Scenario 1: Completion of Wave 5 and Reversal Key Rejection Zone: Expect price to peak between 2,680.70 and 2,695.32, with possible wicks above for a liquidity grab. A bearish reversal is likely as Gold completes the UTAD (Upthrust After Distribution). Downside Targets After Wave 5 Completion: First target: 2,608.99 (0.5 retracement of the recent leg). Second target: 2,597.92 (0.618 retracement). Stretch target: 2,567.63 (0.786 retracement and alignment with previous accumulation range). Scenario 2: Invalid Breakout Above 2,695.32 If Gold sustains a breakout above 2,695.32, invalidation occurs at 2,735.88 (Shallow 4 resistance). Extended rally targets: 2,749.43: Possible trap zone. 2,782.74: High invalidation for bearish structure. 3. Key Price Levels to Monitor Resistance Zones (Sell Side): 2,680.70: Divergence zone in Wave 5. 2,695.32: Final diagonal Wave 5 target; high rejection probability. 2,735.88: Upper invalidation and extended target if bullish momentum sustains. Support Zones (Buy Side): 2,608.99: 50% retracement; initial correction target. 2,597.92: 61.8% retracement; likely to induce a bounce. 2,567.63: Key support and 78.6% retracement.
FX:XAUUSD
by spacedevil
15
Hellena | GOLD (4H): Long to resistance area of 2646.Dear colleagues, I believe that the price will complete the correction very soon and the upward movement will start. I think that wave “C” is almost complete. The support area is quite wide (2512), because it is from these levels we should make a conservative entry into a long position. But there is a possibility that the price has completed wave “C” at 2537. In this case, the upward movement has already started. I am still inclined to the fact that the price will renew the minimum, but the target in any case is the resistance area of 2646. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDLong
by Hellena_Trade
10
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A slow ranging day with a lot of choppy price action but the bias level is still in tact with the target not far away. There was a decent entry from the 2660 region which held up price on the red boxes, but unless you're in from lower, we would suggest you sit out now and not go long up here. The resistance levels above can give sudden RIPs and take this all the way back down towards the 2650-55 region again, so we'll say on gold, we will sit and wait. From Camelot this morning: Support: 2660 / 2655 / 2652 / 2650 / 2646 / 2640 Resistance: 2670 / 2677 / 2680 / 2685 / 2692 Price: 2664 KOG’s Bias of the day: Bullish above 2650 with targets above 2677 and above that 2685 Bearish on break of 2650 with target below 2635 RED BOXES: Break above 2678 for 2685, 2694 Break below 2665 for 2655 As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
Lingrid | GOLD Market Weekly Technical AnalysisOANDA:XAUUSD market has rebounded this week, recovering losses from the previous week, after it bounced off a key support level. Additionally, the market broke through and closed above the psychological level at 2,700. On the daily timeframe, the last five candles have been bullish/green in a row, indicating strong buying momentum. On the weekly timeframe, the market broke above the previous week’s high with ease, closing above it, which suggests a lack of selling pressure, especially since Friday was packed with high-impact news. On the monthly timeframe, the market clearly demonstrates a liquidity grab below the previous month's low and is forming a long-tailed bar that will hint at future price action on the close. Given the recent bullish momentum, gold is likely to continue its upward trend, with short-term pullbacks providing buying opportunities. The resistance level at 2,800 appears to be more of a target than a barrier, and I expect gold will bounce off this level creating short-term pullback and continue rising on its third approach. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
9
Another drop for gold?Hi traders, After XAUUSD did not respect the Daily FVG, it changed the orderflow to bullish. So like I've said in my outlook you could have traded longs after a small correction down on a lower timeframe. Now the correction up is very impulsive so we have to see what price does. If it wants to drop again we could see a rejection at the open next week for a correction down and another impulsive leg up or the last impulsive leg down of the bigger (orange) A-B-C correction (main idea). Let's see what price does and react. Trade idea: Wait for a change to bearish again and trade shorts after a small correction up on a lower timeframe. If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals. Don't be emotional, just trade! Eduwave
FOREXCOM:XAUUSDShort
by EduwaveTrading
4
XAU/USD : Time For Some Correction ? (READ THE CAPTION)By analyzing the #Gold chart on the 4-hour timeframe, we can see that the price continues to rise due to escalating tensions between Russia and Ukraine, as well as Hezbollah and Israel. The price has been extending its rally since yesterday and is currently trading around $2665. In my opinion, after such a significant rally, we can start expecting a minor correction in the price. Be cautious, as gold's movements have been extremely volatile and risky these days. If you lack sufficient experience, you might end up losing your capital. Reduce your risk to a minimum, avoid trading through Market Execution, and preferably identify key levels in advance. Enter trades only when the price reaches those levels and triggers a suitable setup. The key supply levels are $2670-$2673, $2682-$2699, $2704-$2711, and the key demand levels are $2654, $2642, $2636, $2616, $2610, $2567. (This analysis will be updated.) Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
10
DeGRAM | GOLD reversal after a harmonic patternGOLD is between trend lines under an ascending channel. On the correction, the chart formed a harmonic pattern after which the direction of movement changed, but the ascending structure was not broken in the end. The price has returned to the range between the trend lines and is now above the support level, which coincides with the 62% retracement level. We expect the rebound to continue after consolidation in the channel. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDLong
by DeGRAM
8
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically... The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset. In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook. Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bentradegold
5
Gold - This Will Be The Top!Gold ( TVC:GOLD ) is starting to reject the channel resistance: Click chart above to see the detailed analysis👆🏻 Gold perfectly retested the top of the rising channel after rallying more than +35% over the past couple of months. Just looking at this overextended rally alone, it is quite likely that Gold will correct even more and maybe, we will even see a retest of the previous breakout level. Levels to watch: $2.700, $2.050 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
16
7 Best Chart Patterns For Trading Forex and Gold If you are studying chart parts, I prepared for you the list of 7 price action patterns you should never miss. In this article, I will share with you powerful chart patterns for trading forex or any other financial market. These patters work perfectly for day trading, swing trading and scalping. We will study real market examples. I will explain the psychology and meaning of each pattern and explain to you how to trade them. The first chart pattern that we will discuss is double top. The pattern is formed on the edge of a bullish impulse. It is based on 2 equal highs and a higher low between them. A higher low composes a minor support. A strong bearish signal is a breakout of a neckline and a candle close below that. Entry is on its retest. Stop loss is above the highs. Target is the closest strong support. The bullish version of a double top pattern is called double bottom The pattern is formed on the edge of a bearish impulse. It is based on 2 equal lows and a lower high between them. A lower high composes a minor resistance. A strong bullish signal is a breakout of a neckline and a candle close above that. Entry is on its retest. Stop loss is below the lows. Target is the closest strong resistance. The second powerful pattern is a descending triangle formation. The pattern is formed on the edge of a bullish impulse. It is based on at least 2 equal lows and 3 lower highs between them. A falling trend line should respect the lower highs. A strong bearish signal is a breakout of a neckline and a candle close below that. Entry is on its retest. Stop loss is above the highest high. Target is the closest strong support. A bullish variation of a triangle pattern is called an ascending triangle. The pattern is formed on the edge of a bearish impulse. It is based on at least 2 equal highs and 3 higher lows between them. A rising trend line should respect the higher lows. A strong bullish signal is a breakout of a neckline and a candle close above that. Entry is on its retest. Stop loss is below the lowest low. Target is the closest strong resistance. Chart pattern number 5 - Cup & Handle pattern. Cup & handle pattern is the variation of a double bottom. The only difference between 2 patterns is 1 lower low and a consequent higher low, instead of 2 equal lows. Entry trigger and trade execution rules are absolutely the same as with a double bottom. Stop loss is strictly below the lower low. A bearish version of a cup & handle is called an inverted cup & handle. Inverted cup & handle pattern is the variation of a double top. The only difference between 2 patterns is 1 higher high and a consequent lower high, instead of 2 equal highs. Entry trigger and trade execution rules are absolutely the same as with a double top. Stop loss is strictly above the higher high. The last and the most powerful chart pattern is the range . Range is a strictly horizontal parallel channel where the price sets equal highs and equal lows, respecting the support and the resistance of the range. This chart pattern signifies that the market found equilibrium, a fair value. A strong bullish signal is a breakout of a resistance of the range and a candle close above that. Target will be the next strong resistance, stop loss should lie below the lows of the range. A strong bearish signal is a breakout of a support of the range and a candle close below that. Target will be the next strong support, stop loss should lie above the highs of the range. Of course, there are more patterns to study but these 7 are essential . Your ability to recognize them is the key for accurate price action trading. Learn to spot these patterns and good luck in your trading.. Let me know which patterns do you want to study in the next article. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
4
GOLD (XAUUSD): Await Confirmation**Update on Gold (XAUUSD) 📈** The previously shared setup is no longer valid, as Gold failed to break below the neckline of the double top pattern. Instead, it now shows signs of shifting toward a bullish trend. On the 4-hour chart, we’ve identified a descending resistance trend line that has been successfully broken. The key focus for buyers is the resistance zone between 2638 and 2655. A decisive break and close above this range would confirm a strong bullish signal, potentially paving the way for a rally toward the 2700 level.
OANDA:XAUUSDLong
by NovaFX23
3
Gold on well known relief rallyAs discussed throughout yesterday's session: "My position: I have engaged Selling order with #2,595.80 entry point with #2,562.80 as my optimal Target. My Stop is already on #3-points on breakeven as #2,600.80 benchmark break-out restores Short-term Buying trend. However rejection here may reverse the trend and re-test #2,552.80 benchmark. This is roadmap for the #1 - #3 session period (small Risk / huge potential) as it is no time to take wild bets on the market." Technical analysis: I have announced #2,600.80 break-out as an distinguished Short-term Buying trend restored as Gold is showcasing underlying Bullish trend and is comfortably Trading above #2,600.80 psychological benchmark throughout the session. The rebound can extend as High as the Resistance (former Support now turned to Resistance) on Daily chart which is currently Trading at #2,642.80 and if it gets invalidated, I do expect #2,652.80 benchmark test in extension before new Short-term Sellers re-appear. Even though DX is recovering, I still don't spot any Selling signals and reversal patterns / it seems to me that Gold is on usual Buying patterns and that #2,700.80 benchmark might be on aim if #2,652.80 benchmark gets invalidated. Worst thing a Trader can do is swim against the tide (trend is your friend) which is Sell Gold at the moment. My position: As discussed above, I have engaged #2,630.80 entry point Buying order / optimal Target is #2,652.80 benchmark. If however #2,652.80 benchmark gets invalidated with full candle closing above (or even better market closing), I will aim for #2,700.80 benchmark.
OANDA:XAUUSDLong
by goldenBear88
5
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A nice end to the week with our plan working out well, all our targets completed and then a nice relaxing afternoon away from the charts once we had the opportunity to take the perfect short which was protected and achieved and end of week 200pip bonus. We have also published the monthly view from the start of November (Election Special), please have a look at the levels on this chart to familiarise yourself with where price may want to close for the week. For now, above is the level to watch for the close, below is the level to watch for the pull back. No more trading for us until next week. Wishing you all a great weekend ahead and we'll see you on Sunday for the KOG Report. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
THE KOG REPORT - UpdateEnd of day update from us here at KOG: CLEAN LEVEL TO LEVEL TRADING! That was the plan all the way from the beginning of the month when we published the Election special together with the KOG Reports. We wanted pull backs and managed to get them today giving us another opportunity to long into the bias target levels and Excalibur which are now completed. Today, I hope traders noticed we even shared the Red box targets we use, which are also completed. Now, we have support below 2635-40 which is reasonable for price to attempt, but it needs to break to go lower. Otherwise, I would like to see this attempt a higher high before then completing the reversal to the downside. From Camelot this morning: Support: 2620 / 2617 / 2615 / 2620 / 2606 Resistance: 2630 / 2640 / 2647 / 2650 / 2654 / 2659 Price: 2624 KOG’s Bias of the day: Bullish above 2610 with targets above 2630 Bearish on break of 2610 with targets below 2595 RED BOXES: Break above 2625 for 2638, 2650 Break below 2613 for 2605 As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
GOLD → Are the bears in doubt? Resistance aheadFX:XAUUSD strengthens to 2625, jeopardizing the local downtrend. Fundamentally, the situation is complicated, as well as technically... The metal price is actively influenced by the escalated geopolitical situation between Russia and Ukraine. The market is also watching the Middle East, as despite the reduced news flow, the situation is still tense. In addition, expectations of additional stimulus measures from China also favor the growth of prices for this metal. It is still unclear whether gold will be able to hold on to the bullish momentum as the price is approaching strong resistance and traders are cautious as they await new signals on the Fed's interest rate outlook. Technically, as the price is still within the boundaries of the local descending channel, it is worth considering selling from strong zones and levels. The situation will change when the price breaks (it is not a fact) the channel resistance... Resistance levels: 2626, 2643 Support levels: 2604, 2590 Most likely, the market seeks to test the resistance, relative to which a stalemate situation is forming due to the mixed fundamental background. A false break of 2643-2626 will strengthen the selling and bring us back to the downside. But an unexpected resistance breakout will bring back the buyers' motivation Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
4