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GOLD trade ideas

XAUUSD:15/11 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2627, support below 2500 Four-hour resistance 2581, support below 2535 Gold operation suggestions: Yesterday, gold technically fell and then rose, and the deep V rebound rebounded strongly. The price of the Asian and European sessions was under pressure at the 2580 mark and fell rapidly. The European session further retreated downward and broke through the 2570 mark to reach 2560 and fell into sideways fluctuations. Before the US session, it quickly fell down and broke through the 2540 mark to reach 2536 and stabilized, and finally formed a deep V rebound, breaking through and standing on the 2570 mark to reach 2578 and fell under pressure to close. The short-term decline in gold prices may have bottomed out at 2636. Today, the short-term support of 2550-2553 is concerned below, and the short-term pressure above is concerned around 2588-90. The overall support for the day is to sell high and buy low in the 2550-2590 area. At present, the decline of gold has almost reached a certain level, and it is likely to start to fluctuate and consolidate. In the short term, the gold price will stabilize at the 2536 mark and fluctuate upward to repair the previous decline. Do not short at will at a low price. BUY:2550near SL:2545 SELL:2581near SL:2585 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
1
Gold XAUUSD How Long This Correction Will Continue! Read CaptionOANDA:XAUUSD forms a retreat and tests 2577 following a fake breakdown of 2546. After such a severe fall, it is a very reasonable response. The dollar is growing more quickly, and the fundamental context is still negative. China's ambiguous economic figures heightened economic worries. Powell stated that there is no need to lower interest rates right now because the economy is still expanding, the job market is strong, and inflation is still above the 2% target, but this uncertainty regarding future rate reduction by the US Federal Reserve is still weighing on the markets. Now, everyone's eyes are on the crucial retail sales data. Technically, it is important to watch the resistance at 2589 and the 0.5-0.7 fibo. Below these areas, a false breakdown and consolidation could lead to a collapse. Resistance levels: 2578, 2592, 2604. Support levels: 2543, 2532, 2504 Key : 2565 OANDA:XAUUSD Gold is currently indicating that the pullback up might be a little drawn out. Before the news, MM will probably aim for liquidity (above these levels). Bears may become active in response to a false breakout, which would only boost sales. However, the likelihood of a breakdown and decline will rise if there is a bounce from 0.5 fibo and a smooth recovery to 2546.
FX:XAUUSDShort
by GoldMasterTrades
Gold can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time ago traded near the 2735 resistance level, which coincided with the seller zone and then started to grow and rose to 2780 points. Then the price turned around and started to decline inside the downward channel, where it broke at once 2735 level and then fell to the support line. After which it bounced and rose to the resistance line, but soon rolled down and later dropped to the current resistance level, which coincided with the resistance zone. Gold some time traded in the resistance area and then broke the 2590 level, after which fell to the support line of the downward channel. A not long time ago it rebounded from this line and started to grow, and now Gold continues to grow to it current resistance level. In my opinion, the price can reach a resistance level and then turn around and start to decline next in a downward channel. For this case, I set my TP at 2490 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
Today Gold Analysis *XAUUSD (GOLD) TECHNICAL ANALYSIS* *Time Frame:* 4-Hour Chart *Current Price:* 2565 *Trend:* Bearish Reversal *Key Levels:* - *Resistance:* 2575 (Previous Support) - *Support:* 2550 (200-MA) - *Pivot:* 2563 *Indicators:* - *RSI (14):* 45.12 (Neutral) - *MACD (12, 26):* Bearish Crossover - *Moving Averages:* - 50-MA: 2571 - 200-MA: 2550 *Candlestick Patterns:* - Bearish Engulfing Pattern - Dark Cloud Cover *Analysis:* The XAUUSD pair is showing signs of a bearish reversal. The price has broken below the pivot level (2563) and is approaching the support level (2550). The RSI is neutral, while the MACD indicates a bearish crossover. *Trading Strategy:* - Short Sell at 2563-2566 - Take Profit Levels: 1. TP1: 2560 2. TP2: 2555 3. TP3: 2550 4. TP4: 2540 - Stop Loss: 2583 *Risk Management:* - Stop Loss at 2583 to limit potential losses - Consider scaling out profits at each Take Profit level *Market Sentiment:* - Bearish sentiment dominates - 60% of traders are short-selling *Fundamental News:* - US Dollar strength weighing on gold prices - Interest rate hikes expected *Conclusion:* The technical analysis suggests a bearish reversal in the XAUUSD pair. The trading strategy is to short-sell at 2563-2566, targeting 2560, 2555, 2550, and 2540. Risk management is crucial, with a stop loss at 2583.
CAPITALCOM:GOLDShort
by ForexGoldkinggg
Gold rebounded strongly, short-term bearish, long-term bullishGold bottomed out and rebounded yesterday, and rose sharply in the late trading, approaching the resistance of 2578! The daily MA5 moving average moved down to 2583, the four-hour MA10 moving average was 2570, and the lower track of the Bollinger band was 2588. The top and bottom conversion position of the previous low was 2590, and the hourly RSI indicator returned to the central axis. The upper track of the Bollinger band closed at 2580 and the lower track was 2545. The intraday trading range oscillation idea layout, short-term participation in short-selling, long-term bullish. The gold 1-hour moving average continued to cross the short arrangement, and the gold moving average resistance now moved down to around 2580. Gold began to fall under pressure at 2578 in the US market yesterday. Today, the Asian market rebounded to around 2580 and can enter the market. First support: 2556, second support: 2545, third support: 2530 First resistance: 2580, second resistance: 2590, third resistance: 2605 Trading strategy: You can sell high and buy low near the first resistance 2556 and the first support 2580. If the NY session fluctuates greatly, pay attention to the second resistance and support
OANDA:XAUUSDLong
by Jun-GoldAnalyst
Sell order engaged / #2,545.80 only Support ahead of #2,500.80Technical analysis: Price-action is now circling the #2,552.80 benchmark but not gaining more Bullish momentum as Buyers expected, as it seems that DX found the Support fractal. I can't speculate how far or downwards Price-action can go fuelled by new market dynamics, only follow it Technically. And Technically on huge declines, moving the Stop-loss in Profits every #5 - #8 points) will be acceptable Risk at the moment, as Buying on such Bearish bias is not advisable. Gold is approaching again the Lower High’s trendline of the Hourly 4 chart’s Volatility (on one of the strongest Intra-day mixed values since late May), slightly above my Support zone which is an ideal Selling point (as I implemented Selling every Top strategy when DX was testing #20-Year High’s, delivering excellent Profit). As discussed, unless #2,545.80 - #2,552.80 breaks, Price-action within is Neutral, leans to Bearish side more and suitable only for Sellers. As expected Gold reacted to the DX gains strongly with every Daily candle and broke through the Lower layer of the Rectangle, but current defence line poses as the strong Support which may engage Intra-day recovery on the asset. I will continue Selling (tight Stops) as long as DX is on Selling sequence and keep in mind that major Bullish reversal is out of question as long as DX is on relief rally. My position: Gold is showcasing underlying Bearish trend and is comfortably Trading near #2,552.80 psychological barrier throughout the session (Xau-Usd Spot prices). The pullback can extend as High as the Resistance (former Support now turned to Resistance) on Daily chart which is currently Trading at #2,572.80 - #2,582.80 and if #2,582.80 gets invalidated, I do expect #2,600.80 benchmark test in extension before new Short-term Sellers appear (less likely). The real market news should soon enough be digested by market and due halt on DX, current session most likely won’t reveal any major clues unless #2,545.80 Support gives away. If #2,545.80 Support fails to hold, #2,527.80 is the next Support to be filled and expect a Lower High’s Lower zone to be met there. Therefore I have engaged re-Sell order with #2,570.80 entry point / optimal Target remains #2,545.80 Support and if Support gets invalidated, I will close my order and re-Sell Gold below (#2,500.80 benchmark Target).
TVC:GOLDShort
by goldenBear88
Ok What next 2500 or below?Gold fall 6th session as dollar continue to boost. Gold trades substantially lower due to pressure from US political factors. It has weakened nearly 7.0% in November so far as a result of Donald Trump and the Republican’s political gains. My analysis is crystal clear if she breaks buy side liquidity which is around 2558 than having a chance to push gold a little further likewise if she breaks sell side liquidity 2540 around then 2500 or below. Asad iqbal khan Neuron Markets.
PEPPERSTONE:XAUUSD
by AiK-Yousafxai
GOLD Every Rise Has Its Sunset- From 2000 to today, gold has surged by an impressive 1000%, a remarkable performance for the world's leading asset. - Keep in mind, every ascent is bound to face a descent someday. - I’ll skip the deep dive into politics and fundamentals, but the picture is clear: with Trump winning the election, peace could make a comeback. Gold typically rises when fears of war spike, but as those fears ease, its value tends to drop. - As always, the chart tells the story. Take a look at the Fibonacci levels— a prime buying opportunity is likely to emerge in the $1200 to $800 range. - i will post in comments my older Gold Analysis. Happy Tr4Ding !
TVC:GOLD
by thecryer
6
#2,552.80 achieved, well done!As discussed throughout my yesterday's session commentary: "My position: I currently hold no new orders as I plan to re-Sell Gold ahead of CPI which is on calendar throughout the session. As long as DX is on aggressive relief rally there will be no serious uptrend on Gold as I will Sell every High's which Gold delivers. I do expect CPI to rise which will spike up DX even more as I will re-Sell Gold as near of CPI event. I am looking at #2,552.80 test initially." My Medium-term Target is achieved which I announced more than a Month ago as I kept re-Selling Gold until I achieved #2,552.80 Medium-term Target. This went very good along with my recent Profits as Gold looks to even steeper decline ahead. Technical analysis: The current strong decline towards #2,552.80 benchmark and in addition the #2,542.80 local Low's came as no surprise as it is next to the Weekly (#1W) market Bottom. If we close today's Daily candle in red we will have significant potential to re-test the #2,500.80 benchmark Bottom. What is Highly important to note is that I can spot very Bearish candlestick patterns on Daily chart (Three inside Down and Hammer's) which made me re-Sell every High's which Gold delivered - however also followed strictly DX chart - with DX on aggressive relief rally, never attempt to swim against the tide and Buy Gold at all (as I announced that Traders are underestimating strongest correlation Gold has which is Gold / DX). I still belive that Bullish reversal is not possible. I was expecting #2,500.80 benchmark today but this has to be postponed for mid or end of the week as sentiment might be in jitters due to the Oil crash. For me it is more important that DX met its Daily chart's Resistance / adding heavy Selling pressure on Gold where Selling potential on Gold is significant. I have announced #2,552.80 - #2,600.80 possibility since #2,700's. My position: I am out of all orders and even if DX is skyrocketing, I will monitor the Price-action on sidelines with my Targets and Profit range achieved. Congratulations!
OANDA:XAUUSDShort
by goldenBear88
#2,552.80 achieved, well done!As discussed throughout my yesterday's session commentary: "My position: I currently hold no new orders as I plan to re-Sell Gold ahead of CPI which is on calendar throughout the session. As long as DX is on aggressive relief rally there will be no serious uptrend on Gold as I will Sell every High's which Gold delivers. I do expect CPI to rise which will spike up DX even more as I will re-Sell Gold as near of CPI event. I am looking at #2,552.80 test initially." My Medium-term Target is achieved which I announced more than a Month ago as I kept re-Selling Gold until I achieved #2,552.80 Medium-term Target. This went very good along with my recent Profits as Gold looks to even steeper decline ahead. Technical analysis: The current strong decline towards #2,552.80 benchmark and in addition the #2,542.80 local Low's came as no surprise as it is next to the Weekly (#1W) market Bottom. If we close today's Daily candle in red we will have significant potential to re-test the #2,500.80 benchmark Bottom. What is Highly important to note is that I can spot very Bearish candlestick patterns on Daily chart (Three inside Down and Hammer's) which made me re-Sell every High's which Gold delivered - however also followed strictly DX chart - with DX on aggressive relief rally, never attempt to swim against the tide and Buy Gold at all (as I announced that Traders are underestimating strongest correlation Gold has which is Gold / DX). I still belive that Bullish reversal is not possible. I was expecting #2,500.80 benchmark today but this has to be postponed for mid or end of the week as sentiment might be in jitters due to the Oil crash. For me it is more important that DX met its Daily chart's Resistance / adding heavy Selling pressure on Gold where Selling potential on Gold is significant. I have announced #2,552.80 - #2,600.80 possibility since #2,700's. My position: I am out of all orders and even if DX is skyrocketing, I will monitor the Price-action on sidelines with my Targets and Profit range achieved. Congratulations!
TVC:GOLDShort
by goldenBear88
gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave bullish impulse is complete now we are entering ABC correction. 🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653, Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently A in progress 2770/2525. 🔸Recommended strategy for gold traders: higher risk bounce play once A completes and transitions into B bounce, BUY/HOLD 2525 exit at 2678. Lower risk sell side setup: B completes near 2678 short sell into bounce exit at 2383 once C completes into liquidity order block zone. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDShort
by ProjectSyndicate
14