Gold Price Behavior I think Gold Start now a deep correction and I think the gold will reach 2100-2200 Levels in the first half of 2025
GOLD trade ideas
Gold Consolidation: Key Breakout Levels to Watch for Next WeekGold is consolidating around key levels on the 15-minute chart, with recent buy and sell signals indicating potential for a breakout. Traders should watch for a bullish breakout above 2,568.94 for a buy opportunity, targeting levels like 2,580 and 2,600. Conversely, a bearish breakdown below 2,563.78 could signal a sell, with targets around 2,550 and 2,540. Monitor moving average crossovers and external economic events to confirm trend direction.
Monday Opening GapThe first area of interest lies around the big opening gap.
This zone represents an unmitigated 15-minute order block (OB), which could serve as a liquidity magnet for a retracement before any bullish continuation.
The price is sitting near a breaker block and a supply zone around $2,590. A strong rejection here could indicate a deeper pullback.
Higher Timeframe Resistance:
Key resistance sits near $2,610-$2,625 (higher timeframe OB). Any bullish continuation will need to break this zone for further upward momentum.
Scenarios to Consider:
Scenario 1: Bullish Continuation
If price holds above the current demand zone and forms bullish structure (higher lows on M15/M5). Look for bullish rejections around $2,580-$2,590.
Entry: On confirmation of a higher low or strong reaction near the gap-filling region.
Target: Immediate targets at $2,610 (next supply).
Stretch target at $2,625 or higher if resistance breaks.
Scenario 2: Gap Fill Before Bullish Move
Confirmation: Price rejects $2,590 resistance and moves down to fill the gap near $2,575.
Look for liquidity sweeps below the low before a reversal.
Entry: On the first sign of reversal after liquidity grab near $2,575.
Target: First target at $2,590.
Secondary target at $2,610.
Scenario 3: Extended Bearish Retracement
Confirmation: Failure to hold $2,575 demand zone.
Break of structure to the downside on M15/M5.
Entry: On retracement into newly formed supply zones after BOS.
Target: First target near $2,560.
This analysis represents a potential outlook based on price action and technical levels. However, markets are unpredictable, and trading carries risks. Adapt to the price action as the market develops and ensure you apply strict risk management.
Feel free to share your thoughts or add your own analysis below. Let’s see how XAUUSD plays out this week!
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GOLD -bias short Bearish indications:
LLLH
Resistance respected at 2577
Double top formation.
Trend line support broken .
Moving average respected.
Trade plan bias short @2563.5
SL:2577.5
TP1:`2548
TP2:2537
GOLD:The trend remained down for the week
Gold fell all the way last week, 2686 fell to 2536 fell to 150 points, weekly pattern big top to determine, weekly trend continues to be bearish, this is the trend, the second is to find a position, short trend is beyond doubt.
The current performance is expected to rebound first repair let continue to fall, bear space will be larger, six trading days closed negative, last Thursday, the daily line appeared a hammer candle pattern, this is a stop down signal, but not the trend change signal, Friday repair today continue to repair, Asia-Europe time we first consider the opportunity to bear.
Based on the previous 4-hour line closed positive line, the short-term rebound will continue, the high of the rebound is near 2597, the actual suppression position is near 2603, Asia-Europe period first rely on this position to short, this week's shock repair small long is also a chance, Asia-Europe period small support is 2570, Friday repair low 2560 is also support, At present, the first estimated space is 2603-2570, according to this range to trade.
Support 2560 and 2570, pressure is 2603, strong pressure 2620 and 2643, disc strength and weakness line 2590.
WEEKLY SCENARIO FOR XAUUSDThe price is showing resistance near $2,570-$2,580 and support closer to $2,540, suggesting a possible test of these levels
The price has been in a consolidating downtrend recently, reacting to broader market influences such as the strength of the US Dollar and Treasury yields.
If bearish momentum continues, XAU/USD might test support near $2,530-$2,540. A reversal above $2,580 could indicate a shift toward a neutral or bullish correction.
This prediction is based on real-time technical analysis and is subject to market changes. Always monitor the latest data before making any trading decisions.
Bullish long GOLD to 2850-2900kOn November 12, I shared GOLD setup” on my account, showing a bullish scenario for gold. Since then, the price has moved a bit further, and I believe that now we’re in the green box shown on the chart where i have a long open Gold. Personally, I think the correction is complete, and gold is ready to move up. In my view, it’s poised for a new all-time high. I’m extremely bullish on gold, especially after this bullish retracement.
XAUUSDgold is reaching a supply zone in 15 min time frame. I am setting up a sell limit at 2607.5 with a SL at 2619.5 for a tp of 2.
Gold Intraday Trading Plan 11/18/2024As analysed in my weekly post, i am expecting price to go lower again to test 2550 and go up from there.
Let's see the PA in lower TF.
Gold spikesGOLD SPIKES come out in december
I think theres alot to look at before thinking about whats gonna happen next.
War etcetc
My target for december is 3k
GOLD DOWN TREND BEST TRADESHORTCUT STRATEGY tradeshortcut strategy
7 simple set
use 4 hr time frame
identify breker (or choch and adjust the area ( correctlly please )
liquidity test area ( usually its located before the choch )
identify fvg
use 0-0.71-1 fib
sl at low of fib
tp at the hight of fib
final expected result :
4 advise
your entry is in amazing set
you can grap more than 1:5 - 1:20 ratio
you can loss little percentage ( 1-10% ) each time you trade with at least 1000$
i recommend you to use only 0.01 lot
RETRACEMENT TO 70.5% (?) - XAUUSDI was wrong about the bear trap at 2600.
2540 served as a stronger support, matching an imbalance area in HTF of 1D.
It was natural and necessary in order for buying interest to come in at such better discount level.
Now, let's see if we manage to anticipate a probable retracement of this week's and last week's fall.
Here, I try to illustrate with annotations the possible outlook for gold and it's potential pattern formations along with its areas of consolidation and liquidity grabs.
It's just an outlook and a fun drawing of the market. Let's see what happens.
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GOOD LUCK!
gold will fall deeper, 2605 is just the first target.and 2500 Warning!
I think gold will fall deeper, 2605 is just the first target. There are various scenarios where the price drops to 2575-2500 (even 2400). The chart below explains the scenario of gold falling to 2400.
In previous forecasts, I warned about the possibility of gold falling to 2600 when the price is near 2800.
footprint of gold prices
a plan to follow the footprint of the gold price:
chart simulating the plan and pattern for the ELLIOTT wave in gold price.
-price increases complete the impulse wave (3)-red. price range 2800.
Then adjust quickly and strongly to wave (4) red - 2605.
Is a 2000 pip profit opportunity in November coming our way?!
XAUUSD GAP UP = BULLISH ?? 18-11-2024FRIENDS..
Given that XAU/USD closed at 2561 on Friday and is now trading at 2590, with a high of 2597, this suggests a strong bullish momentum at the start of the week. Here’s what you should consider :
The price has gapped up significantly from Friday. This often indicates strong buying interest, Maybe due to market news or positive sentiment over the weekend.
The price is reaching 2597, which might act as a psychological resistance. If it breaks above this level and holds, it could indicate further upside potential
The quick rally from 2561 to 2590 suggests strong momentum. If this continues, we could see a test of 2600 or higher
Buy if the price breaks above 2600 with strong volume set a stop loss near 2590 try to find confirmation m30 or above.
Sell if it fails to break 2597-2600 and starts reversing. In this case, set a stop loss above 2605.
Goodluck
always DYOR before opening position
XAUUSD, WEEKLY CHART... here's how it looks.I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift.
1950 (completed support line) would be the key price point for that level.
Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level.
TAYOR.
Safeguard capital always.
GOLD--> Buyers stop believing in gold. Are the bears coming?OANDA:XAUUSD rose, but remained below $2,600 early on Monday, snapping a six-day losing streak. Geopolitical risks favored the safe-haven metal amid reduced demand for the US Dollar.
However, expectations of a less aggressive Fed rate cut and rising US Treasury yields are likely to limit further gains for XAU.
Attention is now focused on the upcoming speech by Chicago Fed President Austan Goolsbee, as there are no major economic releases due on Monday. Geopolitical developments will also be closely watched to see if they have any significant impact on the safe-haven asset.
Technically, Gold is forming a smooth and calm move towards new highs after a false breakout near $2,575. Notably, an uptrend is emerging on the H1 timeframe.
A pullback to the imbalance zone or local resistance level may form before the news as traders try to recover losses. However, I predict that after this correction, the price will likely continue its downtrend.
XAUUSD $$$$
maybe the market will fill the gap but if market respect the specified area we can go buy with LTF CONFIRMATION
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,594.00
General outlook
XAUUSD has been under buying pressure within the last couple of hour . The pair moved up the resistance level of 2,594.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,590.
Set your stop loss at 2,598. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,560. ($30.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Gold --> Break out of channel and test low. Next target?OANDA:XAUUSD is in a strong downtrend after leaving the parallel channel. The price is preparing to update the local low. But! There are positive nuances from the news....
According to CME's FedWatch tool, traders are forecasting an 82% chance of the Fed cutting interest rates in December, up from around 58% before the data.
However, investors believe that the new presidency could cause the Fed to pause its easing cycle if inflation spikes after the expected new round of tariffs, which could have an overall negative impact on XAU.
Technically, gold is giving hints of a possible reversal by reacting to key support at 2550. In addition, H1 is starting to show a local down channel. Ahead of the key figures (PPI) and US weekly jobless claims, prices may still test these support areas, but then the market may reverse and find resistance, after which we can expect prices to start to decline gradually until the end of the market-wide euphoria....
The US economy is still growing steadily , how about Gold ? Gold prices fell nearly 5% last week, marking the biggest drop in nearly three years. Since its highest peak, gold prices have lost more than 250 USD (about 9%), a notable decrease since the beginning of the month.
The main reason for this price drop is the strengthening USD, making gold - which is traded in USD - more expensive for international investors, leading to reduced demand. In addition, expectations about the US Federal Reserve's (Fed) monetary policy also put great pressure on gold prices.
Technical signals also contributed to this adjustment. The RSI (relative strength index) has dropped sharply from levels above 80, signaling a possible reversal from the previous uptrend.
US economic data shows that the economy is still growing steadily, while inflation appears to be leveling off. This, along with President-elect Donald Trump's upcoming policies, could cause inflation to rise in the coming years. Investors are concerned that the US Federal Reserve (Fed) may have to adjust its plan to reduce interest rates, affecting financial markets.
Fed Chairman Jerome Powell in a recent speech emphasized that the Fed is "in no hurry to lower interest rates". He said the economy is growing strongly, allowing the Fed more time to decide on the appropriate level and speed of interest rate reduction.
XAU-USD (GOLD) CHART ANALYSIS - NOV 18📊 XAU-USD (GOLD) CHART ANALYSIS
📈 Technical / Naked Price Action Sentiment: Bullish :Bull:
🎲 Hello traders!
In this analysis, we’re diving into the daily chart of $Gold. Over the past few months, Gold has predominantly moved within bullish zones. However, following the recent U.S. presidential victory by Trump and rising optimism for improved USD fiscal and financial policies, November has seen Gold decline from 🟢highs of $2780 to 🔴lows of $2530.
Currently, the market sits near the 50% Fibonacci retracement level from the all-time high (ATH) of $2780+. Looking ahead to the coming week, Gold may continue to oscillate between $2560 highs and $2500 lows.
💡 Key Takeaways:
The overall sentiment remains Bullish, with pullbacks offering opportunities for LONG trades.
If you’re considering SHORT positions during an intraday bearish breakout, proceed with caution and manage risk appropriately, as the longer-term outlook still signals strong Bullish momentum.
🧠 Let’s Collaborate!
Share your ideas, thoughts, and charts in the #chat channel. Got questions? Feel free to ask—we’d love to hear how you think the market will react!
Best Regards,
The NFX Team™ 💚
